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201008319 work has bsen conapleted to Lender's satisfacl3on, provfded that such inspection sball be undertaken pro;mptly. T..ender may disbwrse pmceeds for We repairs and restaiation ln a single payment or 3n a serles of progress payments as the wnrk is campleted. ClNess an agreement is ma,de in wrlting or Applicable i.aw requires interest to be paid on such insurance proceeds, I,ender shall not be required to pay Bnrrower any interest or earnings on such proceeds. Fees for public ad,�usters, ar other third paraes, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole abligation af Barrower. If the restoration or repalr is not econamically feasible or Lender's securlry wrnild be lessened, the insuramce proceeds shall be applied to the sums secured by this Security Inshwnent, whether or nat Wen due, vuith the excess, aif any. paid to Sorrower. Such insurance proceeds shall be applied in the order pravided for in Sectlon 2. Tf Snrrower abandons the Property, Lender may file, negotlate and settle any available insurance claim and related matters. If Borrower does npt respomd within 30 days to a nadce from Lendec thak the insurance carrter has nt�ered to settle a claim, then Lender may megodate and settle We cla9m. The 30-day period wlll begin when the notice is given. In either event, or i,f Leeder acquires the �'roperty under Section 22 ox otherrvise, Borrower hereby assigns to I.ender (a) Borrower's rlghts to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrument, and N) any other af Barrower's rightc (other than tha rlght to any refund nf unearned premi,ums paid hy Borrower) under all lnsurance polides covering the Property, insnfar as such rlghts are aPPlicable to the coverage of the Pmperty. Lender may use the Insura�ace proceeds either to repair nr restore the Pmperty or to pay amounts unpa.id under the Note or this Security Instrument, whether or nat then due. 6. Occupanay. Borrower sbiall occupy, establish, and use the Property as Borrower's principal residence wlthin 60 days after the executinn nf this 5ecurity Insrivment and shall cantinue to occupy We Property as Banrower's prindpal resldence fnr at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be wareasonably withheld, or unless extenuating c�_�_nces exist which are beyond �vrrawer's contral. 7. Freeavat�, Maiatet�anoe and Proteotian of the Prap�srt3, Inspaxio�s. Borrower sball nat destroy, damage or impair the Property, allaw the �roperty ta deterlorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Pmperty in order ta prer+ent the Property from deterlorating or decreasing in value due to its conditlon. Unless it is determined pursuant to Section 5 that repeir or reskaration is not ecnnomically feasible, Borrowec shall promptly repair the Property lf damaged to avold further det�rioradou or damage. If insurance or condemnation proceeds are paid 1n connecflon wiW da�nage to, or the taking of, the Property, Bonrawer shall be responslble for repairing or restoring the Pmperty only lf Lender has released proceeds for such purposes. Leader rnay disbursc pinceeds for the repairs and xestoratfon 1n a si�►gle payment or in a serles af P� P�Y�ents as the work is completed. If the insurance or condempadon proceeds are nat sufficient ta repair or restore the Praperty, Borrower is not relieved of Borrower's o6ligatlon for the completlan of such repair or restoration, Lender ar its agent may malce re�sonable entries upan and iaspections of the Praperty. If ik has reasonable cause. Lender may inspect We interlor of the improvements oa the Property. L.euder shall �ve Borrower aotice at the time of or pdor to such an intertor inspecHon specif�+ing such reasoaable cause. 8. Harrawet'e Lo�n Applicati�. Borrowsr shall be im default f�. dur(ng the L.osn applicadon process, Borrower or any persons or entlHes acdng ak ihe direction of Bormwer or w[th Borrower's knowledge or consent pve nueiterially false, misleading, or inaccurate infarmalatton or statements to Lender (pr failed to prvvlde Lender with matertal �farmatian) in connection wid► the Loa�►• Material representations include, bnt are not limited to, representadans cancerning Borrower's occupancy of the Property as Borrower's principal residence. 70852227 0084135888 N�ASKA - 5ingle Femily - F�nnle M�alFroddb Mea UNIFOI�YI INSTRUMH+IT W�TF�� ��►(N� (pgy�1 Peqs 7 ot 15 Initlals: FOtitl 3�itd 1/��