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FILE No . 924 07/30 '01 AM 10:43 I D : AT I TITLE CO. FAX :1 308 382 83400 PAGE 9 2001076'72 •K either event, or If Lender acquires the Property udder lieclion 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any Insurance proceeds in an amount not to exceed Ilia amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all Insurance policies covering the Property, Insofar as such rights are applicable to the coverage of the Properly. Lender may use the Insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this security Instrument, whether or not then duo, 6. occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. T. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property In order to prevent the Properly from deteriorating or decreasing in value due to its condition. Unless it Is determined pursuant to Section 5 that repair or restoration Is not economically feasible, Borrower shall promptly repair the Property If damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid In connection with damage to, or the talking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender- has released proceeds for such purposes. 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. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. 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. 8. Borrower's Loan Application. Borrower shall be in default If, during the Loan application process, Borrower or any persons or entities acting al the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate Information or statements to Lender (or failed to provide Lender with material information) In connection with the Loan, Material representations Include, but are not limited lo, representations concerning Borrower's occupancy of the Properly an Borrower's principal residence. 9. Protection of Lender's Interest In the Property and Rights Under this Security Instrument, If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there Is a legal proceeding that might significantly affect Lender's Interest In the Property and /or rights under this .Serttrlty Instrument (such as a proceeding In bankruptcy, probate, for condemnation or fortelture, for enforcement of a Ilan which may attain priority over this Security Instrument or to enforce laws or regulations), or 91,0908 Rev 10/03/00 Pogo 6 of Ila hullefir FORM Me 11M