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20�105G�� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disbwrse proaeeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agreement is made in wniting or Applicable Law requires interest to be paid on such insurance proc,eeds, Lender shall not be required to pay Bonower any interest or earnings on such proceeas. Fe�s for gublic adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligarion of Bonower. If the restoratian or repair is not economically feasible or Lender's se,curity 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 Section 2. If �rrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not resgond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then L,ender 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 S�tion 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or tius Security Instivment, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Bonower} under all insurance policies covering the Property, insofaz as such rights aze applicable to the coverage of the Progerty. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occnpancy. Borrower shall occupy, establish, and use the Property as Bonower'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 after the date of occupancy, unless Lender otherwise agrees in writing, which consent shatl not be unreasonably withheld, or unless e�enuating circumstances exist which aze beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bortower 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 Property, Borrower shall ma.intain the Properly in order to prevent the Property from deteriorating or decreasing in value due to its condition, Unless it is determined pursuant to Section 5 that repair or restorarion is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid fiuther deterioration or damage. If insurance or condemnation proceeds are paid in conn�tion with damage to, or the taking of, the Property, Bonower sha11 be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proc,eeds 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 condemnation proceeds aze not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligarion for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Progerty. If it has reasonable cause, Lender may insp�t the interior of ihe iniprovements on the Property. L,ender shall give Borrower notice at the time of or prior to such an interior inspecrion specifying such reasonable cause. 8. Borrower's Loan Application. Bonower shall be in default if, during the Loan application pr�ess, Borrower or any persons or entiries acting at the direction of Bonower or with Bonower's l�owledge 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 representations include, but are not limited to, representations conceming Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Singfe Famiiy - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT i I �-61NE1 toa�» Page 7 of 16 Initials: ��/ Form 3028 1l01 �