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200207076 If Borrower situations the Property, Leader may tile, negotiate and settle any available insurance claim and related matters_ If Borrower does not respond within 30 days to a notice from Lender that the insurance cr has offered to settle a claim, then Leader may ncgtiate and setae the claim. 'the 30 day period will begin when the notice is given. In either %em, or if Lender acquires the Property under Section 22 or othcrvisq Ronnwvr hereby assigm to Lender (a) Borrower's rights to any insurance proceeds in an amount not m exceed the amoan[s unpaid under dne Note Or this Security Instrument and (b) any other of Borrower rights (Iran then the right It) mv rebind of unearned premiums paid by Borrow ) under all insurance policies covering the Yropeny, insofar as such rigM1U are applicable to the cmemge of Mc Property. Lender may use the Surance proceeds either to repair or restore the Property or In pay amounts unpaid under the Nom or thus Security Instrument, whether r not their due. 6. Octmpancy. Borrower shall occupy. establish, and use the Property as Borrowers principal residence within 60 days ado the execution of this Security Instrument and shall co italue to o cupy the I'rvperty ss BorroT principal residence for at least one you older the date of occupancy, nnlcas Lender otherwise agrees in writing, which Intent shall not be umeusonably withheld, or unless extenuating circumstances exist "Inch are beyond Borrowers control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not descry, damage or impair the Property, allow the Property n) deteriorate or mit waste on the Pinpoint. Whether or not Borrower is residing in the property, Borrower Shall maintain the Propee, in older to prevent the Property from deteriorating or decreasing in value due to its creditor. Unless it is determined promote To cornea 5 that repair or resmrntion is not cLommrlically feasible. Borrower shall prompdy repair the Property if sanction n to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection With thirteen w, or the sling cf. the Property. Borrower shall be resm ible for repairing or li stenng the Property only if Leader has released prnaeeds for such purposes_ Lender may disburse proceeds for the repairs and msmmllOt in u single payment or in a series of progress payments as the work is completed. II the insurance or condemnation proceeds are not sufficient to refori or restore the Property, Borower is not relieved of Berroudi'x obligation for the completion of Said, rtyuir or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has use able cause, Leader may inspect the inte9or of the improvements on the Property . Lender shell girt Ronuwer trues at the time of or prior to such an interior inspection specifying such reasonable cause. I. Borrower's Loan Application. Rorromr4 strait be in default if, during the Loan application process, Ronuwer or any persons or entities acting at the direction of Borrower or with Borrowers knowledge at consent gave materially tape, misleading, or Inaccurate Isforrn disco or statements to Le rdet (or failed to Pecs dc Lender with material information) in connection with the Iran. Material representations include, but are not limited to, ropnecnMlienS concerti Borrowers occupancy of the Property as Borrowers principal residence. 9. Protection of Lender's Intmrest in the Property and Rights Under this Security Instrument. If (a) Borrower foils to pert rat tine 10 U I ]III IIs and ugreemems contained in this Security InsWmaht, (b) them is a legal proceeding that might significantly affect Lnndn's indeed in the Property andor rights under this Scoumy ladmmmi (Such as a prncccdhg In bankruptcy, probate, for concentration or forfeiture, for enforcement of a lien which may camn prernty over this Security Instrument ors enforce laws Or mgnlaliuns), or (c) Burrower has abandoned die Property, then Lender Italy do and pay her whatever is reasonable or appropriate to protect Lender interest in the Property and rights under this Security Instrument, including protecting senior miessing the value of the Property, and Scrotum and/or retuning the Property. Lender's actions can include, but are not limited w: (a) paying any sum, Secured by a lien which has priority over this Security Instrument, (b) appearing in Dort. and (c) paying reasonable attorneys fees to protest its serest in the Property and ur rights under this Severity Instrument, includinu is secured position in s bankruptcy proceeding. Securing the Property includes, but is Sol limited w, entering the Property to make reports, change locks, replace or board up doors and windows, drain water tram pipes, eliminate building or other code violations or foreruns conditions, rind have utilities mated on IS of Ndrouglr Iundcr may take action under this Section 9, Lender does not hive to do so and is not order any duty or obligation to do so. It is agreed that Irnder incurs no liability for taking any or III anions authorned tinder this Section 9. taldals'.�/G/ - 6(NFpi¢A r New ]u115 Fenn JO]Y I /UI