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20100765� work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse praceeds for the repairs and restoration in a single payment or in a series of prngress payments as the work is completsd. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, I,ender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation af Bqrrower. If the restoratian or repair is not economically feasible or I,ender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or nat then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, Lender may �le, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from I,ender that the insurance carrier has offered to settle a claim, then Lender may negotiate and settle the clairn. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights ta any insurance proceeds in an annount not to exceed the arnounts unpaid under the Note or this 5scurity Instrument, and (b) any other of Borrawer's rights (ather than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Aroperty, insafar as such rights are applicable to the coverage af the Property. Lender rnay 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 due. 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrurnent 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, 7. �'reservation, Maintenance and Pratectian of the Property; �Inspections. Borrower shall not destroy, damage or impair the Property, allaw the 1'roperty to deteriorate or cammit waste on the Property. Whether or noC Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deterivrating or decreasing in value due to its candition. 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 ar damage. If insurance or condemnation proceeds are paid in connection with dannage to, or the taking of, the Property, Borrower shall be responsible far repairing or restoring the Property only if Lender has released proceeds for such purposes. I.ender may disburse proceeds for the repairs and restoration in a single payrnent or in a series af progress payments as the work is completed. If the insurance or candemnation proceeds are not suf�cient to repair or restore the Prpperty, 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 Praperty. �,ender shall give Borrawer notice at the time of or prior to such an interior inspection specifying such reasanable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at 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. Matsrial representations include, but are not limited to, representations concerning �orrower's occupancy of the Property as Borrower's principal residence. �-61NE) l04o�1.oz Paga 7 of 15 � $. �Q._.. � ?l�0 � [�E�.��7�I� Form 3028 9(01