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20110588� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse procceds 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 writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower 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 proceeds and shall be the sole obligarion of Bonower. If the restoration or repair is not economically feasible or Lender's se,curity would be lessened, the insurance proceeds shall be applied to the sums s�ured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender ma.y file, negoriate and settle any available insurance claim and related matters. If Borrower does not respond withiu 30 days to a norice 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 Property under Section 22 or otherwise, Bonower hereby assigns to Lender (a) Borrower's rights to any insurance procceds in an amount not to excced the amounts unpaid under the Note or this 5ecurity Instrument, and (b) any other of Bonower's rights (other than the right to any refund of uneazned premiums paid by Borrower) under all insurance policies covering the Properiy, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proc,eeds 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. Occupancy. Bonower shall occupy, establish, and use the Property as Bonower's principal residence within 60 days after the ex�urion 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 agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances e�st which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bonower is residing in the Properly, Bonower shall maintain the Property in order to prevent the Properry from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Bonower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation procceds are paid in connecrion with damage to, or the taking of, the Properiy, Bonower shall be responsible for repairing or restoring the Property only if Lender 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 condemnation procceds aze not sufficient to repair or restore the �'roperty, Bonower is not relieved of Borrower's obligation for the completion of sus� a�e�air or re.storation. Lend�r or its agent may malce reasonable entries upon and inspections of the Property. If it has reasonable cause, L�nder may inspe�t the interior of the improvements on the Properiy. Lender shall give Bonower notice at ttte time of or prior to such an interior inspection sp�ifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application procass, Bonower or any persons or enrities acting at the dir�tion of Bonower or with Bonower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material informarion) in connection with the Loan. Material representations include, but aze not limited to, representations concerning Bonower's occupancy of the Property as Bonower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE)1os��1 Page7oflb in�ciais: Form3028 1/01 � , �