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201107724 work has been completed to Lender's saTisfacrion, provided that sucl� inspection shall be undertaken promptly. I,ender may disburse ptoceais for the repaus and restoration in a single payment or in a series of progress payments as the work is completed. Unless an agrcement is made in writing or Applicable Law requires interest ro be paid on such insurence proceeds, Lender shall not be required to pay Borrower any interest or eamings on such pmce�is. Fees for public adjusters, ar other third parties, retain� by Borrower shall not be paid out af the insurance proceeds and sball be Yhe sole obligation of Borrower. If the restorazion or repair is not�anomically feasible or Lender's security would be lessened, the insurance proce�s shall be applied w the sums s�ured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrowa. Stiich insurance proce�s shall be applied in the arder provided for in Section 2. If Borrower abandons the Property, l.ender may Sle, negotiate and settle any available +��*�*+ce claim and relazed matters. If Borrower does not respond witlun 30 days to a notice from Lender t1�ai the insurance carrier has offered to settle a daim, then L.enda may negotiate and settle the claim. 11�e 30-day period will begin when the notice is given. In either event, or if Lender acquires the Properiy under Section aa or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance procceds in an amou�not to exc�d the amounts u�aid imda the Nate or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uoearned premiums paid by Borrower) under all insurance policies covering the Properry, insofaz as such rights aze applicable to the coverage of the Property. Lender may use the insurance proc�s either to repair or res[ore the Property or to pay amounts unpaid imder the Note or this Security Insirument, whetha or not then due. 6. Occupancy. Borrower shall occuPY, establish, and use khe Property as Borrower's principal residence witbin 60 days after the execution of this Security Insuvment and shall continue to occupy the Property as Borrower's principal residence for at least one yeat after the date of occupancy, unless Lenda otherwise agrees in writing, wlrich consent shall not be unreasonably witl�held, or unless eactenuating circumstances emist which aze beyond Borrower's control. 7. Preservatlon, Meiatenauce aud Protection of the Property; Inspeclioos. Borrower shall not destroy, damage or impair the Propetty, allow the Proper[y to deteriora[e or commit was[e on the Property. Whether or not Borrower is residing in the Property, Borrowa shall ma;nra;n �e property in orda to preve� the Property from deterionting or decreasing in value due to ia condition. Unless it is determined putsuant to Se�tion 5 that repair or restomtion is not ewnomically feasible, Bnrrower shall pro�tly repair the Properiy if damaged to avoid further deteriotation or damage. If �nc�,ran� or condemnation procceds aze paid in connection with damage to, or the talcing of, the Property, Borrower shall 6e responsible for repairing or restoring the Property only if Lenda Las released procceds for such purposes. Lender may disburse proceeds for the repairs and restorarion in a single payment or in a series of progress payments as the work is completed. If 8�e insurance or condemnation proc�ds aze not sufficient w repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restaration. Iender or its agent may make re�asnnable entries upon and inspections oF the Property. If it has reasonable cause, Lender may inspect the interior of the improvemenu on the Property. Lender shall give Borrower notice at the time of or priar to such an interior inspection specifying such reasonable cause. 8. Borrower's I.oan Applicatiou. Borrower shall be in default if, during the Loan application process, Borrower or any persons ar en[ides acting at the dire�tion of Borrower or with Borrower's knowledge or consent gave ma[erially false, misleading, or inaccisate information or statements to Lender (or failed to provide I.ender with material information) in connection with the L.oan. Material representazions include, but aze not limited to, representations concetning Borrower's occupancy of the Propeny as Borrower's principal residence. ��' NEBRASKA-Single Family-Fam�re Mae/Froddie Mec UMFORM INSTRUMENT �A � �-6(NE)loattl reea�mie m�tws:"al'� Form3028 7/07