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�0110�0�8 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 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 Bonower 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 security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instivment, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceetis shall be applied in the order provided for in Section 2. If Borrower abandons the Properiy, Lender may file, negoriate and settle any available insurance claim and related ma.tters. If Borrower 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 wi11 begin when the notice is given. In either event, or if Lender acquires the Prop�rty under Se�tion 22 or otherwise, Bonower hereby assigns to I.ender (a) Borrower's rights to any insuran� proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Bonower's rights (other than the right to any refund of unearned premiums paid by Bonower) under all insurance policies covering the Properiy, insofar as such rights are applicable to the coverage of the Properiy. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Securiry Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Bonower's principal residence within 60 days after the ex�ution 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 exist which are beyond Bonower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or impair the Property, allow the Properly to deteriorate or commit waste on the Property. Whether or not Bonower 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 �:onomically feasible, Borrower shall promptly repair the Property if damaged to avoid fiuther deterioration or damage. If incnran� or condexnnation proceeds aze paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proc�ds for such purposes. I.ender may disbuise proceeds for the repairs and restoration in a single payment or in a series of progress payments as the v�+ork is completed. If the insurance or condemnation procceds aze not sufficient to repair or restore the P�erly, Bonower is not relieved of Bonower's obligarion for the completion of such repair or restorxtion. L�nder or its ageIIt may make reasonable entries ugon and insp�tions of the Property. _If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior insp�tion sp�ifying such reasonable cause. 8. Boirower's Loan Application. Bonower shall be in default if, during the Loan application process, Borrower or any persons or enrities acting at the dir�tion of Borrower or with Bonower's knowledge or consent gave materially false, misleading, or inaccurate informarion 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, representations concerning Bonower's occupancy of the Properiy as Borrower's principal residence. IVEBRASKA - Single Family - Fannie Mae/Freddie Mec UNIFORM INSTRUMENT �-6(NE) �0811) Page 7 of 15 Initials: � Form 3028 1 /01 V°' , ,