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20�1056�; work has be,en completed to Lender's sa,tisfaction, providerl that such inspection shall be undertaken prompfly. Lender may disburse procceds for the repairs and restoration in a single payment or in a serie,s of progress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Bonower any interest or earnings on such proceeds. Fees for public adjust�s, or other third parties, retained by Bonower shall not be paid out of the insurance praceeds and shall be the sole obligation of Bonower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance praceeds shall be applied to the sums secared by this Seaurity Instnzment, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the arder provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Boirower does not respond within 30 days to a notice from Lender that the inc„r�nce cazrier 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 Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance procee�s in an amount not to exceed the amounts unpaid under the Note or this Sacurity Insttvment, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all inm��ce policies covering the Prope2ty, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance pr�s either to repair or restore the Property or to pay amaunts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occnpancy. Borrower shall accupy, establish, and use the Properiy as Borrower' s principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower' s principal residence for at least one year af�er the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist wluch are beyond Borrower's control. 7. Preservation, Ma�tntenance and Protection of the Property; Inspex6ions. Borrower shall not destroy, damage ar i�air the Property, allow the Properiy to deteriorate or commit waste on the Property. Whether or not Horrower is residing in the Properiy, Borrower shall maintain the Property in order to prevent the Property from det�iorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not e�onomically feav`ble, Borrower sball promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or condeamation proceads are paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lend� has rele,ased proceeds far such purposes. Lender may disburse proceeds far the repairs and restoration in a single payment �r in a series of progre,ss payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Bonower is not relieved af Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable �tries upon and inspections of the Properiy. If it has reasonable cause, Lender may inspe�t the interior of the improvem,ents on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. & Borrower's Loan Applicatioa Borrower shall be in defauit i� during the Loan applic�tion pracess, Boirower or any persons or entities acting at the dire�tion of Borrower or with Borrower's knowledge or cons�t gave materiallY false, misleading, or inaccivate information or statements to Lender (or failed to provide Lender with material information) in corme�tion with the I.oan. Material representations include, but are not limited to, representations concezning Bonowet's ocxupancy of the Properiy as Botrower' s principal residence. 2200129581 � D v6ANE NEERASKA - Singte Fam7y - Fannle Mae/Freddie Mac UNIFORM INSTRUMENf WITH �-6A(NE) ioe� oi � � o� � e i ° Form 30Z8 7/01 �