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200905993 or other third parties, retained by Harrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Harrower. If the restoration or repair is not economically feasible ar Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section Z. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not resppnd within 3A days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate and set#le the claim. The 3p-day period will begin when the notice is given. In either event, or if Lender acquires the Prapet~ty under Section 22 or otherwise, Harrower hereby assigns to Lender (a} Borrower's rights to any insurance proceeds in an amount oat to exceed the amounts unpaid under the Note ar 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 Property. Lender may use the insurance proceeds either to repair or restore the Property nr to pay amounts unpaid under the Nate or this Security Instrument, whether or not then due. G. Occupancy. Harrower shall occupy, establish, and use the Property as Borrower's principal residence within ti0 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, nr unless extenuating circumstances exist which are beyond Borrower's contxol. 7. Preservation, Maanttnanco and Prata~iatt of the ProperKy; Inspectia~ts. Borrower shall not destroy, damage or impair the Property, allow the Pmperty to deteriorate ar commit waste an the Property. Whether or not Borrower is resfding in the Property, Borrower shall maintain the Property In order to preven# the Property from deteriorating or decreasing in value due to its condition. Unless it fs determined pursuant to Section 5 that repair or restoration is oat economically feasible, Borrower shall promptly repair the property if damaged to avoid furtirer deterioration nr damage. If insurance or condemnation proceeds are paid in connection with damage ta, or the taking of, the Property, Harrower shall be responsible far repairing ar restoxing the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment ar in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are oat sufficient to repair or restore the Property, Borrower is not relieved .af Borrower's obligation for the completion of such repair ar restoration. Lender nr its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Leader may inspect the interior of the improvements nn the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause- 8. Borr~'a Loan Appliartion. Harrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower ar with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information ar statements #n Lender (or failed to provide Lender with material infor~rratian} in IVIi13RA5KA - smWe ram4r -- rma. errxr.aarsrr.e rn~oaar nasraLmnsur Farm soar GCC - (i3a28-08 (09/p1) (Pale B ofl9) Initials;