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2p1201995 work has been complet�i to Lender's satisf�tian, pmvide,� that such iusp�tion si�ll be undertaken prompt�y. I.ender mtty disburse proceeds for the regaizs and r�sto3ativa in a single payment or ia a series of grogress pay�ents as the wark is complete�_ Unless aa agreement is made in writing or Applicable Law requires interest to be paid on such insurance procceds, Lender shall not be r�quired to pay Borrawer mry interest ar earnings an s�ch praceeds. Fees for public a+djnsters> or other third partie.c, retainerl by Bormwer shall not be paid out of rhe insuranee praceeds aud. shall 1te the sole obtigation of Bonower. If che restoration or repair is not economically feasible or Lender's security would be l�ed, ihe insnrance groceeds shail be applied to the sums secured by this. Securiry insm�ment. whether or no# then due. with the e�ccess, if any, paid to B�rrawer. S�ch insurance pro�eds sha11 be aFplied in che arder provided far in Section 2. If Borrower abandons the Progerty, Lender may file, negotiate and settle auy avaiiable iasurance claim and relatefl matcers. If Borrower does not zesgond within 3Q days to a notic� from Ixader that the insuranoe carrier has offered to settle a ctaim. then L�der may negotiate and settle the claim. The 30-day perind will begin when rhe norice is givea. In either event, or if Lender acquires the Property under Sectioa 22 or otl►efwise, Borrower hereby assigns ta Lender (a) Borrower's rights ta any ih�*an�e proceeds in au amount not ta exceed the a�unts ungaid under the Note or tius Security Instrument, a� {b) any other of Borrawer's rights (other tt�an the righl ta auy refiwd of unearned premiums paid by Borrower) under ati insurance policie�s covering t6e Property. iasofaE as such rights ar� a�plic�ble to the c�verage af the Property. Lender may use the insurance proceeds either to repais or restore the Properry or to pay �nwnts unpaid nnder [tte Note or this Security Instiv�nent, wheth� or not then due. 6. Uccupanc�. Boaower shail occupy, establish, and use the Praperty as Barrawer's principa! residence within 60 days afier the execution of this Security Inst�ument and shalI c�ndnue to occnpy tkce Property as Borrower's principal residence for at ieast one year after the date of ocatpancy, �ess Lender otherwi�e agre�s in writing, w�ich cansent shall not be unreasanably withheId, or imless extennaung cincu}++�'?ns� exist wlrich are beyond Borrower's control. 7. Preservation, Maintenance aud Pratec�on of the PrapErty; Incpec�ons• Bortower shall not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Pro}serty. Whecher or not Bacrower is residing in the Property, Barrower shall maintain t1�e Property in order co prevent the Froperty from deteriorating or deerea,sing in value due to its coadition. Unless it is determined gursuant w Section 5 that repair a� restoration is not economically feasi6le, Borrower s�all promptly repair ttte Property if dama��i io avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, ttte Praperty, Borrower shall be respoasible for repairing or rescoriug the Prop�rty only if Lender has reieased p�ceeds far such puiposes. Lender may disburse proceeds for the repairs and restoration in a singte paymznt or in a series of pragre.ss pay�enu as the work is completed. If the iusurance ar condemnation pr�s are aot suf�icie.�t to repair or restare the Praperty, Borrower is nnt reliev� af Boarower's obligarion for the completioa of such re�air or restordtian. T.ender or iu agent may make reasonabte entries upon aud inspecteons of the Property. If it has reasonable cause, L,ender may insgect the interior of the improve�ents on tt�e Property. I ender shsll give Borrower notice at the time of ar prior to such an iarerior insgection specifying se�ch r�soaable ca�se. 8. Borroveer's Loan Applicat�an. Borrower shatl be in de€anit i�, during the Loan application proeess, Borrower or any persons or entities acxing at tiie clirection of Boreower or with Horrower's knowledge or consent gave materiatly false, misleading, or inat�srate infornzation or statements to Lender (or fa�l to provide I,ender witfi� taaterial in�osm�tion) rn conn�tion with the Loan. Matezial representacions includ.e, but are not limited to, representations c:nn�cerniag Borrower's occupancy of the Praperty as Borrower's gr�ncipal resideQCe. �SGtAIE) �ooass.o� �aas � or ls ini Form 3028 91�7