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201108353 work has be�n completec� to Le,nder's satisfadion, provillea that such inspection shall be undettaken Pr�P�Y• �' �y �burse proc�cls for the repairs and restorarian in a single payment or in a series of progress payments �s the � is c�nopleted. Unless an agrcement is made in writing ar Applicable Law requires interest to be paid on such insurance procee�s, L�der shall not be required to pay Borrower any interest or eamings on such proc�eds. Fces for public �djusters, or othe� third paxties, retained by Borrower' shall not be paid out of the insuzance proceeds and shall be the sole obligation of Borrower. ff the restorarion ar repair is not economicaily feasible ar Lender's security woutd be tessened, the insurance proceeds sha11 be applie8 to the s�ms sacure8 by this Security Instrument, whether ar not then due, with the elcccess, if any, Paid to Bonower. S�zch fnsarance proceeds shal.l be applied in tha order grovided fc� in Seaion 2. If Borrowe�' abandons the Property, Le�►der may file, negotiate and settle any available in�urance claim and relatad matters. If Bonower does not respond within 30 days to a notice from Lender tl�t the insurance carrier has offered to settle a claim, then Le�►der may negotiate and settte the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property � Section 22 or otheawise, Borrawer hereby assigns to Lender (a} Borrower' s rights to aay insurance proceeds in an amount not to excced the amoants unpaid under the Note or this Security Instrvmaent, and (b) any other of Borrower's rights (other than the right to any refund of uneazned preaniums paid by Bo��'owe�') undea' all insurance policie� covering the Property, insofa� as such rights Rre �plicable to tho coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Properiy ar to pay aznounts unpaid imder the Note ar this 5acurity Instrument, whether or not then due. 6. Occnpancy. Bonowe� shall occupy, establish, and use the Prop�rly as Bonawer's principat residence within 60 days after the execution of ttris Security Instrument and shail cantinue tu oocupy the Properry as Borrower's principal residence for at least one year after the date of occupaacy, ualess Le�der otheiwise agrees in writing, which conseant shall not be unreasonably withheld, ar unless ext�u�ting circumstauces eatist which are beyond Borrower' s control. 7. Preservation, Maintenance and Protectilon of the Property; Inspections. Borrawer shall not destroy, damage ar' imPair the Property, allow the Property ta deteriorate or commit wa�te a�t the Property. Whether ar not Borrower is residing in the ProPert}', Borrower shall nnaintain the Properly in arder to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is deter�nined pursuant to Section 5 that repair or restoration is not econamically feasiible, Boirower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance �' condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrowe,r shall be responsible far repairing or restoring the Property only if Lender has released proceeds for such purposes. L�der 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 conde�mation proceeds are not suffici�t to repair or restore the Property, Borrower is not relieved of Borrower' s obligation for the completi� of such repair or restoration Lender or its agent may make reasonable entries upan and inspections of the Property. If it �s reasonable cause, I.ender may inspect the interior of the improve�ents on the Propeaty. Lender shatl give &mower notice at the time af or prior to such an interiox inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in defauit i� during the Loan applicakion p�'ocess, Borrower ar any persons or entities acting at the direction of Boaowex or with Barrower's knowledge ar consent gave ma.terially false, misleading, or inaccurate information or statements to Lender (or failefl to provide Lender with material information) in cotmection with the Loan. Material representations include, but are not limited to, representations cancerning Borrower' s ocxupancy of the Property as Borrower� s principat residarce. 2200173107 D V6ANE N�RASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTRUM9dT WITH MERS �-BA�NE� (08101 PaBe 7 of 15 �,,;e;aa�: ��; Form 8028 1/01 �