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200206668 If Borrower abandons the Property, Leader may file, negotiate and settle any available insurance claim and related matters. If Borrower does not - espond within 30 days to a notice from Lender that the insurance carrier has offend to scale a claim, then Lender may negotiate and settle the claim. The 30L-)ay period will begin when the notice is given. In eitl- ven% or if l.erJcr acquires the Property under Section 22 or otherwise. Borrower hereby assigns to Lender (a) Borrower's rights to any iustu ice proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and;(b) any other of Borrowees rights (other than the right to any refund of unearned preiniurrc paid by Borrower) under all insurance policies covering the Property, insofar as siren rights are applicable to the coverage of the Pmperty. Lender may use the insurance proceeds either to merle or restore the Property or to pay amounts unpaid 'render the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrweds Principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy Lhc Property as Borrower's principal residence for a: least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonrbly withheld, or unless extenuating ci-cumstahc exist which are beyond Borrower's control. 7. Preservation, NUinteuarne and Protection of the Property; laspeCtiions. Barra% shr.Il riot destroy, damage or impair the Property, allow the Prc*perty to deteriorate or commit wAste on the Property. Whether or not Borm-.%,cr is residing in the Property. Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value clue to its c^ndition. Unless it is determined pursuant to Section 5 :hat 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 ccnziectior with damage to, or the taking of, the Propcny, Borrower shall be responsible for repairing or restorn , the Property only if Lender h:.s released proceeds for such purposes- Lender may disburse proceeds for the repairs and restoration in a single payrnent 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 o. restoration. Lender or its agent may make rea.:onabte 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 specifyting such rcasonable cause. 8. Borrower's Lnan Application. Borrower shall be in dcL&4it if during the Loan application process, B,. crow er or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially fare, misleading, or inaccurate informatiou or statements to Lender (or failed to provide Lcndcr with material ir.formation) in connection with the Loan- Material representations include, but are not limited to, representations concerning Borrow'er's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Inicrest in the Property and Rights Under this Security Instrument. If (a) Borrower fails to perform the cosen,stts and agreements contained in this Security Instrument, (b) there is a legal procee ding that might significantly- affect Lender's interest in the Property and/or rights under this Security Irs=rnent (such as a prtkeeding in bank mptcy. probate, for condemnation or forfeiture, for enforcement of a lien which may attain ariority over this. Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest ;n the Propem° and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any w`umc secui -ed by a lien which has priority over this Security Instrument; (b) appearing in court and (c) paying reasonable anortcys, fees to protect its interest it the Property and/or rights under this Security Instrument, including its secured position in a bankraptcy prose --amg. Securing the Property includes, but is not limited to, entering the Property to m;.t.:e *i naiiis; change locks. replace or board up doors and windows, drain water from pipes, eliminate building or other code violztions or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to d.; so. It is agreed that Lender, incurs no liability for r<ot taking any or all actions authorized under this Section 9. . tniriats: i_lftf Pagc 7 o 13 Form 30.8 1•Jt