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201008118 work has beea complcted to Lender's satisfaation, provided that such inspe�tion shal� be unde�Caken P�n°P�Y- �� Y d.isburse praceeds for the repai�rs and reatorarion in a single payment or in a series af progress payments as the work is completed. Unless an a�t is mad� in writing ar Applicable Law requires intv�est to be paid on sucb insurance procv�ds L�ender shall not be �uired to pay Sormwer any intorest or eaxnin�s on such proceeds. F�ees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insura�ace proceeds and sba11 be the sole abligation of Harrower. Yf the restoration ax repair is n�t �mically feasible or Lender's se�urity would be lesaened, the insut�ance procer�s sha,ll be applied W the suums seCUred by this Se�urity Instrument, wbether or not th� due, with" the excess, if any, Paid W Borrower. Such insu�rance proceads shall be applied in the order provi�ded for in Se�tion 2. �� Bornower abandons the PropertY, L�der may file, negotiate and seule atry available insurance claium and related matters. Tf Bormwer does not respond within 30 days ta a notice from Lender that the insurance carrier has offere� to settle a claim, then Lender may negotiate and sextle the claim. The 30-d.ay per�od will begin when the notice is given. I�n either event, or if L.ender acquir:es the Propeity under Section 22 or otherwxse, Borrower h�reby assigns to Lezader (a) Borrowear's rights to any ins�ua�nce pracaeds in an an�unt not to exce�d the acnaunts unpaid under the Note or this Security Instrument, and (b) any other of Bortower's rights (other than the right W any refun�d of uneazned premiums paid by Borrower) tmdcr all insurance policies covering the Property, insofar as su�tt rights are applicable tv the coverage of tha ProperCy. Lender nnay us� the � praceads eixb.er to repair or restoxe the Properiy or to pay amounts unpaid under the Note or this Security Instrument, vu'hether or noC tl�a due. 6. Occup�ancy. Borrower sl�alt occupY, establis�, and use th� Pro�rty as Borrnwer's principal residence within bQ days after the ex�ecution of this Security Insbn�t and shall �ntint�s to occupy the Paroparty as Borrower's principal reside� for at least one year after the date of occupancy, unles�s Lender otherwise agrees in writing. which aonsant shall not be unreasonably withheld, or unlesa extenuating circunnstances exist wluch aze beyond Borrovve�''s control. 7. Preservadon, Nlaintenance and Pratecdon of tite Propexty; Inspedions. Borrower sl�all neat destroy, damage ar impair tl�e Pmpe�ty, allow the Property to deteriorate or commit rwaste on the �roperty. Whether ar not Borrovver is residing in the Property, Borrnwer shall maintai� thc Property iz� order w preven�t the Pmperty from d�exiorating or da.xeasing in value duc ta its condition. Unless it is dexermined p�ant to Section 5 that repair or restoratio�t is not e�onoxnically feasible, Borrower shall prompdy repai�r the Properiy if damaged to avoid further deterioration or damage. If insurance or condemnation pmceeds are p�id in can�ection with d�age w, or the taking of, the Property� Borrower s�hall be responsible far repairing �r r�storing tbe �raperty only if T�nder has released proceeds for such Purposes. Lender may di,sbw^se proceecls far the x�airs and reswration in a si�,gle paymeat or in a series of proSress payments as thc woxk is complctod. If the insurance or candemm�axian proceeds are t�t suffcient co repair or reswre che Pmperry, Borrower is not relieve� of Harrower's obligatian for the compl�i.on of such repair or restoratian. Lexudear or its agent may make reasonable entri�s upon and inspections of the Property. Xf it has reasonablc cau,ge, L.ender may inspec,K the interior of tbe impmvemcnts on the Propsrty. I,ender shall give Borrower notice at the tirr�e of or prior w such an interinr uaspection specifying such z+easonable cause. 8. Borrower's Loau Applieatiot�. Borrower sha11 be in default if, during the Loan xpplication proces�, Bonrowcr or atry persons or entities acting at the dircetian of Borrower or with Borrowex's knowledge or cansent gave materially false, mdsleading, ar inaccurate information or atatements to I.ender (or failed w prorride Len�de�r with matetial inforn�ation) in wnnectian with the Loata. Material representations include, but are not limited to, rePres�tations conee�ning Harrower's axupancy of the Property as Borrower's principal residence. � N RASKA - Sinale Femily - F�nnia Maa/Fraddie M�c UNIFOaM INSTRUMENT �� -6(N&) l0e�t Papa7cf 15 �n�t�e�s: ��/ Form 30$8 1/01