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�o�los5s� work has been completed to Lender's sarisfaction, 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 wriYing or Applicable Law requires interest to be paid on such insurttnce proceeds, Lender shall not be required to pay Horrower any interest or earnin.gs on such proceeds. Fees for public adjusters, or other third parties, retained bq Borrower shall not be paid out of the in�„ra„ce proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insutance proceeds shall be applied to the sums secured by this Security Instrument, whetiier or not then due, with the excess, if auy, paid to Bonower. Snch insurance proceeds shall be applied in the order provided for in Section 2. If Bonower abandons the Property, Lender may file, negotiate and settle any available �n.�+�nce claim and related matters. If Borrower does not respond within 3Q 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 geriod will begin when the notice is given, In either event, or if Lender acquires the Froperty under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Bortower's rights to any insurance proceeds in an amtou.nt not to exceed the amounts unpaid under the Note or this Securily Instrument, and (b) any other of Borrower's rights (othher than the right to any refund of unearned premiums paid by Bonower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insura,nce proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Insirum.ent, whether or not tben due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Bonower's principal residence within 60 da.ys after the execution of this Security Instnunent and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date af occupancy, unless Lender otherwise agrees in wziting, which consent shall not be u,nreasonably withheld, or unless extenuating circumskances exist which are beyond Bonower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Bonower shall not destroy, damage or imgair the Property, allow the Properly to deteriorate or commit waste on the Ptoperty. Whether or not Borrower is residitig in the Property, Bonower shall maintain the Property in order #o prevent the Property from deteriorating or decreasing in value due to its condztion. Unless it is determined pursuant to Section S that repair or restoration is not economically feasible, Bonower shall promptly repair the Property if damaged to avoid fuxther deterioration or damage. If insurance or condemnation proceeds ate 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 proceeds for such putposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a serias of progress payments as the work is completed. If the insurance or condemnation proceeds ate not sufficient to repair or restore the Properiy, Borrower is not relieved of Bonower's obligation for the completion of such repau or restoration, Lender or its agent may make reasona.ble entries upon and insgecrions of the P�roperty. If it has reasonable cause, Lender may inspect the interior o£ the improvements on the Property. Lender shall give Bortower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S, Borrower's Loan Application. Bonower shall be in default if, during the Loan application process, Borrower or any persons or entiries acting at the direcrion of Bonower or with Borrower's knowledge 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 iaclude, but are not limited to, representations concerning Bortower's occupancy of f.he Property as Borrower's principal residence. NEBRASKA- Single �amily - Fannte MaelFreddle Mac UNIFORM (NSTRUMENT ��8(NE) �oa� �� Page 7 of 1b Initiais: �� FOI°171 3028 7/01