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2� 1 ��2595 be appl�ed to restoration�r repair of th�Property,if the restoratio��or repair is eeon�mically feaSible and Lende�'s se�urity�s n�t lessened.I7urin�;suGl�repair and restoratioYi period,Lender shall ha�e the ri�ht to hnld such insurance prnceeds until L�:}der has had an opportunity xn inspect such Praperty tn ensur� #he wark has l�een cornpleted to Lej�der's satisfaction,prt��ided that su�h inspection shall be undertaken prompt�y.Lender may di�burse proceeds for the repairs and restara�i�n in a single payment ar in a s�ries of progress payments as the work is completed.Uniess an agreement is made in writing or App�icable Law requires interest to be paxd on such insurance proceeds,Lender shall not be required to pay Barrower any interest vr ear�iin�;s on such proGeeds.Fees fnr pub�i�adjusters,or❑ther third parties,retained by Barrower shall nnt be paid out of the insurance proceeds a��d sha��be the sole obl�gation❑f BorrQwer. If the restoration�r repair is r�ot ecni�ami�ally f�a4ible or Lender's se�urity wauld be lessened,t��e insurance proceeds sha�l b�;appiied t❑the sums se�ured by this 5ecuri�y�jz5tru2nent,whether or not ther� due,with the excess,it any,paid ta Borrow�r,Such insurance prnceed�s��all bc applied in the�rder pro�ided far iil Sec�t��n 2. [f Borrower abandons the Praperty,L�iider inay ftie7��egatiate and settle any a�ailabie insurance�laim arid related matters.lf BarrQwer does l�ot respond withi:�3�days ta a natice from Lender that the insura»Ge carrier has off�red t❑settle a�laim,then Lerider may negotiate and settle ttle ciairn.The 3�-day period wi�l begin wheti the natice i�g:�en, �n either e�ent,or if Lender acquires t}�e Praperty under Section Z2 c�r otherwise,Borrflwer hereby assi��zs to Le��der�a�Borrawer's ri�hts to any insurance praceeds in an amount not ta exceed the amounts unpaid under the Note or this Security Ir�strume�lt,and�b}any other ❑f Borrower's ribhts(other than the ri�ht to any ref��nd of unearned premi�ims paid by Borr�wer}under all insurance p�licies cnvering the Property,insofar as such ri�hts are applicable to the cnverage of the r'rnperty.Lender r11ay use tlz�ir�surance pracec��s eit��er tn r�pair nr re��ore the I'roperty or to pay airtouilts unpaid under t��e Note nr this 5ecurity Ins�rumeizt,wh�ther or nnt then due. fi.�ccupanCy.Borrower shall occupy,es�abl�sh,and use the PrQperty as Barrower's principal re��dence wi�hin b�days after the executin«nf this Security lnstrument a��d shall cnntinue ta occupy the Pr�perty as F�orrower's principal residence fnr at least one year af'ter the date of occupancy,unl�ss Ler�der otherwise agrees in writin�,which consent shall not be unreasonably w�thhe�d,or unless extenuating circumstances � ex�st which are beynnd Bnrrower's control. ; 7.Preservat�on,Maintenance and Protection af the Property; Inspections.Borraw�r shall not destroy,damage ar ilnpair the Praperty,al�nw the Prnperty to deteriorate or comm�t waste nn the Praper�y,Whether nr nnt Borrower is re�idin�in tl�e Prnperty,gnrrower shall maintaii�the Property in nrder to pre�ent the Property from deterinratin�or decreasin�in�alue due to its candition.Llnless it is � determined pursuaizt to Se�tian 5 that repair or r��toratian is not economically tea�ible,Barrower shall �romptly repair the I'roperty if damaged to avoid rurther deterioration ar dama�e.If insurance or cnndemnation procee:ds are paid in�onnection witl�damage t�,or the takin�of,the Pr�7perty,�3orrower shall be respn3�sibie#nr repairi��or restoririg the Nraperty oi�ly if Lender has rel�ased prnceeds fnr sucl� purposes.Lender may disburse proceeds for the re�airs and restnratic�n i2�a single payment or in a series of pro�ress payments as the w�rk is camplc�t�:d.If the insurance or condemnati«n proceeds are not sufficient ta repair ar restore the Property,Borrower is not relie�ed of Borrower's�bli�atian�or th� completion af such repair or restaration. >>nssszs55 11115 VMP� Wvlters Kluwer Financial 5ervices 2D16042015.1.4.3112-J20151124Y Initials: Page 7 af 17 `M P7f 1�46552655 233 11 3'