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�OilOS�o� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender ma,y 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 sha11 not be requized 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 obligation of Borrower. If the restoration or repair is not economically fea.sible or Lender's security would be Iessened t11e �nc�*ansl' proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applieci in the order provided for in Section 2. ff Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. ff Bonower does not respond within 30 days to a notice from Lender that the insurance carrier ha.s offered to settle a claim, then T..ender may negotiate and settle the claim. The 30-day period will begin when the notice is given, In either event, or if I,ender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any in�rance proceeds in an amount not to exceed the amounts unpaid under tlie Note or tltis Security Instrument, and (b) any other of Barrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all in.c�,�ance golicies covering the Properly, insofar as such rights aze applicable to the coverage of the Property, Lender may use the in.S�urance 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 Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Properiy as Borrower's principal residence for at least one year after the date of occupancy, unless Lendez otherwise agrees in writing, which consent shall not Ue unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, da.mage or impair the Property, allow the Progerly to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property 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 restoration is not economically feasible, Bonower shall promptly repair the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aze paid in connection with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring the Properly 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 �nc„*ance or condemna.tion proceeds are not sufficient to repair or restore the Properly, Bonower is not relieved of Borrower's obligation for the completion of such repair or restora�ion. Lender or its agent may make reasonable entries upon and inspections of the Properly. If it has reasonable cause, Lender ma,y inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or pzior to such an interior inspection specifying such rea.sona.ble cause. 8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's laiowledge or consent gave materially false, misleading, or inaccurate informa.tion or statements to Lender (or failed to provide Lender with xnaterial information) in connection with the Loan. Material representations include, but aze not limited to, representa.tions concerning Borrower's accupancy of the Property as Borrower's principal residence. NEBRASiCA - Single Family - Fannle Mae/Freddie Mac UNlFORM INSTRUMENT qp � toa>» Page 7 of 16 In�tials:�./�--�-- Form 3028 1/01