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2oioo�sss ��/ work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken pramptly. Lender znay disburse proceeds for thc repairs and restoration in a single payment or in a series of progress payments as the work is cornpleted. Unless an agreernent is made in writing or Applicable Law requires interest to be paid on such insurance proce�s, Lender shall not be required to pay Borrower any interest oar eamings on such proc�ds. 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 of Borrower. Tf the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secure� 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 2. If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related rnatters. If Bonower does not respond within 30 days to a natice from Lender that the insurance carrier has offered to settle a claim, then I.ender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In eith.er event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to I.ender (a) Borrower's rights to any insurance proceeds in an amount not ta exceed the amounts unpaid under the Note or this Security Instrunnent, 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. I.ender may use the insurance proceeds either to repair or restore the Property ar to pay amounts unpai�d under the Note or this Security Instrument, whether or not then due. 6. Occnpancy. Bonower shall occupy, establish, and use the Property as Borrower's principal residence within 60 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 unreascrnably withheld, or unless extenuating circumstances exist which are beyond Barrower's control. 7. Preservatian, Maintenance and Protection of the Paroperty; Inspections. Bonower shall not destroy, damage or irnpair the Property, allow the Property to deteriorate or comimit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is detern'uned pursuant ta Section 5 that repair ar restoration is not econornically feasible, Barrower shall promptly repair the Praperty if damagal to avoid further deterioration ar damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking af, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. I.ender may disburse procceds for the repairs and restoration in a single payrnent or in a series of progress payments as the work is cornpleted. If the insurance or condemnation proceeds are not sufficient to repair ar restore the �roperty, Borrower is not relieve� of Banower's obligation for the completion of such repair or restoratian. I.ender or its agent may rnake reasonabla entries upon and inspectians of the Property. If it has reasonable cause, Lender rnay inspect the interior af the irnprovements on the Property. Lender shall give Bonower notice at the tirne of or prior to such an interior inspection specifying such reasonable cause. S. Borrowear's Loan Application. Bprrower shall be in default if, during the I.oan application process, Borrower or any persons ar entities acting at the directian of Borrower or with Barrower's lrnpwledge or consent gave rnaterially false, misleading, or inaccurate information or statements to I.ender (or failed to provide Lender with material inforniation) . in conn.action with the Laan. . Material representations include, but are not limited to, representations concerning Borrower's occupancy af the Froperty as Borrower's principal residence. NE6RA5KA - Single Family - Fannie Mae/Fraddie Mac UNIFORM INSTRUMEN7 �-61NE) loa i� 1 Page 7 of 1 b micisis: Form 3028 1/01 � � y 1 1 � R a �P +' > �� �