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201109333 work has been completerl to Lender's satisfaction, providefl that such inspection shall ba undertak� promptly. Lender may disbursa proc�ds for the repairs and restaration in a single payment or in a series of prog�ess payments as the work is completed. Unless an agreement is made in writing or Applicsble Law requires interest to be paid on such insurance proceads, Lender shall not be required to pay Borrower mry interest ar earnings on such proc�ds. Fces for public adjusters, or other third parties, retainai by Borrower shall not be paid out of the insuranc� proceeds and shall be the sole oblig�ation of Borrower. If the restoration or repair is not �onomically feasible or Lender's security would be lessen�, tha insurance proc�eds shall be applied to the sums s�cured by this Security Instrument, whether or not then due, with the excess, if any, paid to Bonower. Such insurance proceeds shall be applie� in tha order provided for in Section 2. If Borrower abandons the Properiy, Lender may file, negotiate and settle any availabla insurance claim and related matters. If Bonower does not respond within 30 days to a notica from Lender that the insurance carrier has offered to settle a claino, then Lender may negotiate and settla tha claim. The 3Q-day peri� will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 ar otherwise, Boirower he�eby assigns to Lender (a) Borrower' s rights to aay insurance proceeds in an am,�unt not to exc� the amoimts unpaid under the Note or this 5ecurity Instrument, and (b) any other of Bonower's rights (other t1�an tha right to any refund of unea�ned premiums �d by Borrower) under all inaurance policies covering the Property, insofar as such rights are applic�ble to the coverage of the Property. Lender may use the insarance proceads either to repair or restora the Property or to pay amoimts unpaid under the Note or this Security Tnarr�,..,�, whether or not then due. 6. Occnpancy. Borrow� sha11 axnPY, establish, �d use the Propezty as Bonower' s grincipal residence within 60 days after tha exacution of this Se�urity Instrument and shall continue to occupy the Property as Boirower' s principal residence for at least one year after the date of ocxupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless exte�uating circumstances exist which are beyond Borrower' s control. 7. Preservadon, Ma�ntenance �nd Protection of the Progerty; Inspec6tons. Bosower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Properly. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent tha Property from deteriurating or de�reasing in value due to its condition. Unl� it is determined pursuant to Section 5 that repair or restoration is not economically feav'ble, Borrower shall PromPtly repair tha Property if damaged to avoid further deterioration or damage. If insurance or conde�mation proceeds are paid in connection with damage to, or the tal�t►g o� the Properiy, Boaower shall be responsible for repairing or restoring the Property only if Lender has releasefl proce�s for such purposes. Lender may disburse proceeds far the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insiu�ance or condemnation proceeds are not suffici� to repair or restore tha Properiy, Bonower is not relievad of Borrower' s obligation for the completion of such repair or re,storation. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Borrower's Loan Applicatton Borrower sha11 be in default i� during the Loan appli�tion process, Boaower or any persons or entities acting at the dire�tion of Bonower or with Borrower's l�owledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in coimection with the Loaa. Material representa.tions include, but are not limited to, representations concerning Borrower' s occupancy of the Property as Bonower' s principal residence. 2200194778 � D V6ANE NEBRASKA - Single Farnily - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WR �-8A(NE) loe�o) Pege 7 of 16 i„� Form 3028 1/01 0