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��14��5 the work has been completed to Lender's satisfaction,pro�ided that such inspection shall be under�ta.ken promptly.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.Unless an agreement is made in writing or Applicable Law requir�s interest to be paid on such insurance proceeds,Lender shall not be required to pay Borrower any interest or earnings an su�h�ro�eeds.Fees for public adjusters, or other third parties,retained by Borrower shal l not be paid out of the insurance proceeds and sha�l be the sole obligation of Borrawer. If the restoration ar repair is not economically feasible or Lender's security would be lessened,th� insurance proceeds shall be applied to the sums secured by this Security�nstrument,whether or not then due,with the excess, if any,paid to Borrower. Such insurance proceeds shall be applied in the order pro�ided for in Se�tion 2. If Borrower abandans the Property, Lender may file,negotiate and settle any a�ailable insurance claim and related matters.If Barrov�er daes not respond within 3�days to a notice from Lender that the insurance carrier has of�'ered to settle a claim,then Lender may negotiate and settle the claim. The 3fl-day period will begin when the notice is gi�en. �n either e�ent,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 exceed the amounts unpaid under the N�te or this Security�nstrument,and(b�any other of Borrower's rights�other than the right to an�refund�f unear�ed premiums paid by Borrov�er�under all insuran�e policies co��ring the Property, insofar as such rights are applicable to the co�erage of the Property.Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security�nstrument,whether or nat then due. f. [�ccupancy.�orrower shall occupy,establish,and use the Praperty as Barrower's principal residence within 6Q days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's prin�ipal residence for at least one year after the date af occupancy,unless Lender otherwise agrees in writing,which cansent shall not be unreasanably withheld,or unless extenuating�ir�umstan�es exi st wh i ch are beyand B orrower's contro 1. 7. Preservati�n, Maintenan�e and Pr�tection af the Pr�perty; In�pectf�ns. Borrower shall nat destroy,damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or nat Borrawer is residing in the Praperty,Borrower shall maintain the Property in order to pr�vent the Property from deteriorating or decreasing in�alue due to its condition.Unless it is determ ined pursuant to Section 5 that repair or restaration is not econom ically feasible,Borrower shall promptly repair the Property if damaged to a�oid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to,or the taking of,the Property,Borrower shall be responsible for repairing or restaring the Property only if Lender has released proceeds for such purposes.Lender may dis�urse praceeds far 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 relie�ed of Borrower's obligation for the completion of such repair or restoration. Lender or�ts agent may make reasonable entries upon and inspections of the Property.If it has reasonable cause,Lender may inspect the interior of the impro�ements on the Property. Lender shall gi�e Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 5 1195800301 MEBFtA51{A-Single Family-Fannie MaelFreddie Mac LJMlFDRM RNSTRUMEN7 Fvrm 30281/01 VMP� 02114 WQolter5 Klcawer Financial Services 201409154.1.1.2529-J2�131226Y lnitials: Page�of 1� * D11958 Q1��23*