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2��055�� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completefl. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance procceds, Lender shall not be required to pay Bonower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proc,eeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applied in the order provided for in Secrion 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Bonower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Properly under Secrion 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance procceds in an amount not to excced the amounts iuipaid under the Note or this S�urity Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unea.rned premiums paid by Borrower) under all insurance policies covering the Property, insofaz as such rights aze applicable to the coverage of the Property. Lender may use the inc,�rance proceeds either to repair or restore the Praperty or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execurion of this Security Instrument and shall continue to occupy the Property as Bonower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrces in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Pro�rty; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Properiy, Bonower shall maintain the Properiy in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to S�rion 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage tq or the taking of, the Property, Bonower shall be responsible for repairing or restoring the Property only if I.ender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnarion proceeds are not sufficient to repair or restore the Property, Bonower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or i�s agent may make reasonable entries upon and inspecrions of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bonower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrow�'s Loan Application. Bonower shall be in default if, during the Loan application prooess, Borrower or any gersons or entities acting at the direction of Bonower or with Bonower's knowiedge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representarions include, but aze not limited to, representarions concerning Bonower's occupancy of the Property as Bonower's principal residence. NfBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) roa� a� Page 7 of 15 i��ais: �- orm 3028 1/01 �