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z ' 2� 1 ��2323 be applied to restoration or repair of the Property,if the re�toration or repair is econ�mica�ly feasib�e and Lender's secur�ty is not Iessened.During su�h repair and restoration period,Lend�r shall ha�e the right tv hald su�h insurance proceeds until Lender has had an oppflrt�nity t�inspect such Praperty to ensure the work has been completed to Lender's satisfa�tivn,pro�ided that such inspectivn shall be under�aken pramptly.Lender may disburse pro�eeds for th�repairs and resto�-ation in a single payment or in a serie� of progress p�ym�nts as the work�s comp�eted.Unless an agre�ment is made in writing or Appl�cable � La�r requires�nterest tn be paid on such insura.nce proceedss Lender shall n�t be required to pay Borrower : any interest or�arnings on sueh proceeds. Fees for puhtic adj�tsters,ar other third parties,retained b� : Bflrrower shall nat be paid aut af the insurance proceeds and shall be the sole obligation of Barrower. If the restoration or repair is r�ot ecan�mica�ly fea5ib�e or Lender`s security would be less�ned,the insurance proce�ds�hall he applied to the sums secured�y this 5ecurity Inst�rument,whether ar nat then du�,with the excess,if any,paid to Borr4wer. Such insurance prac�eds shal�be appl�ed in th��rder pm��ded far u� Section 2. If Borrower abandan�the Property,Lend�r may file,negotiate and sett�e any a�ailable �nsurance claim � and r�elated matters.If Borrawer does n�t respond w�thin 3�days to a notice fr�m Ler�der th�t the in�uranc� � �arrier has of�'ered ta sett�e a�laim,then Lender may negotiate and settle the claim. The 30Nday period ; will begin when the notice�s gi�en.In eith�r event,�r if Lend�r acquires the Praperty under�ection 22 ' � or otherwise,B�rr��ver hereby assigns t�Lender�a]Borrawer's ri�hts t�any insurance proceeds in an � amount not to e�ceed the amounts unpaid und�r the l�ote�r this Secur�ty Ins�rument,an�(b}any other ! of B�rrvwer's rights�ather than the right ta any refund af unearned prem�ums paid by Borrawer�under a�l insurance poli�ies eovering the Praperty, insofar as su�h rights ar��p��i�able to the co��rag��f the Pr�perhy.Ler�der may use th�insurance proceeds either to repair or restore the Property or to pay am�unt� unpaid under the Note ar this Security�nstrument,whether�r n�t then due. �.�CGupancy.Borrower shail occupy,estab�ish,ar�d use the Praperty as B�rrower's principal residence within 64 day�a�er t�ie executi�n af th�s Security Instrum�nt and sha�i c�ntinue to o�cupy the Prap�rty as Barrawe�'s prin�ipa�re�idence for at least one year after the date of a�cupancy,unl�ss Lender otherwise agrees in writing,vr�hich c�nsent shall not�e unreasonably withheld,or unless extenuating cireumstances . exist which are�ey�nd Barrawer's cantr�l. 7. Preser�►ation, �IaEnt�enan�e and Prot�c#i�n af the pr�perty; �n�pecti�ns. B�rrow�r shall � not d�stm}�,dama�ge or impair the Prvp�rty,allaw the Property to d�teriorate or comm�t�raste an the Property.Whether or not Borrawer is residing in the Property,Borrower shatl maintain the Property in order to pre�ent the Property frorn det�riarating or decreasing xn�alue due to it�c�nditi�n.Unless it is determined pursuant to Sect�on 5 that repair or restorati�n is not ec�namically fea.sib�e,BQrr�vver shal� prompt�y repair the Praperty if damaged to avoid further deteriaration or damage.If insuranc�ar � candemnatian proceeds are paid in cannecti�n�vith damage ta,or the taking of,the Properky,Borrower � shall be resp�nsibl�fvr repairing ar restoring the Praperty an�y if Lender has re�eased proceeds f�r such � �� purpases.Lender may d�sburse pro�eeds for th�r�pairs and restorati�n in a sing�e payment or in a series � of prvgress payments as the work is completed.If the insurance�r cvndemnatian proceeds are not � suf�ici�nt to repair ar restore th�Property,Borrawer is not relieved of Borrower's o�Ii�atian for the compl�t�an of such repair or restoration. 7�46B14D5� 11115 VMP� W�alters Kluwer Finencial Servioas �16Q4Q715.4.�.314 2,1Z0'i 5�124Y Init�#s:_��._,,.,_ Papa T of�7 �