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200207239 work has been completed to Lender a satisfaction, provided that such inspection shall be undertaken promptly_ f under may dishnrve proceeds for the repairs and corporation in a single payment or In a series of progress payments as the work is regulated. Unless an agreement is made in writing or Applicable Law requires imere t to he paid on such insurance prods, Ielder shall not he required to pay Borrower any interest or nings on such proceeds. Fees for public adjusters, of other third parties, retained by Borrower shall not he paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not csumreucally terrible or Lender's security would be lessened, the insurance proceeds shall he applied to the sums secured by this Security Instrument, whether or not then due. with the causes, if any, paid to Borrower_ Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Properly, Lender may tile, negotiate and settle any available insurance claim and related ounces. If Borrower does not respond within }o days to a notice from Leader that the carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The spathe petrel s will begin when (lie nonce is given. In either evrnt, or if Lender acquires the Property undo' Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrowers rights to any insurance proceeds in am amount not to exceed the amounts unpaid under the Note or this Security Instrument, aid (b) n other of Borrower's rights (other Wan the right to any refund of unearned premiums paid by Bm'rower) trader all ire c policies covering the Property, insofar as such rights are applicable to the coverage of the Property` , Leader may use tire insurance proceeds either to repair or trivia the Properly or IT) pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Rorrowcr's principal residence within W days aher the execution of this Security instrument and shall continue to occupy We Property as Borrower's principal residence for at least one year after the date of occupancy. unless Lender otherwise agrees F writing, which Consent shall not he unreasonably withheld, or colors extenuating circumstances exist which are beyond Borrower's control_ 9_ Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not desttoy, damage re npair the Property, allow tine Property to deteriorate or viii waste on the Property, whether or net Borrower is residing in the Property, Borrower shall maintain We Property inn order to Prevent [lie Property from deteriorating or degreasing in value due to its condition. Unless it Is determined pursuant to Section 5 them repair or restoration is not economically terrible, Borrower shall promptly repair the Property if drubbed to avoid further dmcriomtion or damage. If insurance or condemnation proceeds are paid in connection with damage to, or Nc taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only it Lender has released proceeds for such purposes. Lewder may disburse proceeds for the repairs said restoration in a single payment of in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not Sufficient III repair or rexturc the Pmrpeny, Ric-rower is our relieved of Bnrrnwer'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 if has unable Buse, Lender once inspect the interim of We impmve sceis on the Property. Lender shall give Borrower notice at the time of or priorto such an interior Inspection specifying such reasonable cause. R. Borrowers Loan Application. Borrower shall he in default if, during the Ivan application process, Borrower or any persona' or unities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Leader for failed to provide Under with maternal information) In connection with the Loan. Maleriol representations include, but are not limited to, representations concerning Borrowers occupancy of the Property as Botwer's principal residence_ (M�£INEI'nnnal Page of u AT Form 9026 riot