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20110�948 work has been completefl to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse proceeda for the repairs and restoration in a single paym�nt or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applic�ble Law requires interegt to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. F�s for public adjusters, or other third parti�, retained by Borrower shall not be paid out of the insurance proceeds and sball be the sole obligation of Borrower. If the restoration or repau� is not economically feasible or Lender's security would be lessened, the ins�ce proceeds sha11 be applied to the sums secure� by this Security Inshvment, whether ar not then due, with the excess, if any, paid to Borrower. Such insurance praceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related ma.tters. If Bonower d�s not respond within 30 days to a notice from Lender t�t the insurance cazrier has offere3 to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower' s rights to any insurance proceeds in an amount not to exc�d the amounts unpaid under the Note or this Se�urity Instrument, and (b) any other of Boaower's rights (other than the right to any refund of une�rned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts wipaid under the Note or this Security Instrument, whether or not then due. 6. Occnpancy. Borrower sha11 occuPY, e.4tablish, and use the Properiy as Borrower's principal residence within 60 days after the execution of this Security Instcvment and shall continue to occupy the Property as Borrower' s principal residence for at least one year a$er the date of ocxupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist wluch are beyond Borrower' s control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Honower is residing in the Property, Bonower shall maintain the Properly in order to prevent the Property from deteriorating or decxeasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not e�onomically f�sible, Bonower shall promptly repair the Progerty 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 Properiy, Brnrower shall be responsible for repairing or r�toring the Property only if Lender has rel�se� pra�eds 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 insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower' s obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspectians of the Properiy. If it hHs reasonable cause, I,ender may inspe�t the interior of the improvements on the Properiy. Lender shall give Borrower notice at the time of or prior to such an interiar inspection specifying such reasonable cause. 8. Borrower's Lo�n Application. Borrower shall be in default if, during the Loan applic�tion pracess, Borrower or any persons or enrities acting at the direction of Bonower or with Borrower'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 representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower' s principal residence. 2200196725 D v6ANE NEBRASKA - Singte Family - Fannl� Mae/Freddle Mac UNIFORM INSTRUMENT WR�� — �-6A(Nq 1oa�o1 Page 7 of 15 ir,wa� Form 3028 1/07 �