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2o1oos5sG work has been completed to Lender's satisfaction, provided that such iiasp�ctian shall be undertaken promptly. Lender may disburse proceeds for tlie repairs and restoration in a single payment ar in a series of prc�gress payments as the work is completed. Unless an agreement is made in writing or Applicalale Law requires interest to be paid on such insurancc: praceeds, Lender shall not be required to pay Borrower any intcrest or earnings on such procecds. Fces far public adjusters, or other third partics, r�;tained by Aorrc�wer shall not be paid out of the insurance praceeds and sha11 be the sole obligation of Borrowc:r. if the restoratioi7 or repair is not economically feasihle or Lender's security would be lessened, the insurance proceeds shall be applied to the sums securcd by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insuranc� proceeds shall be applied in the order provided for in Sectian 2, If Borrower abandons the Property, I.,ender may file, negotiate and settle any available insurance claim and related matters. If $orrower does not respond within 30 days to a natice from Lender that the insurance carrier has offered to settle a claim, then Lcnder may n��otiate and settle the claim. The 30-day period will begin when the notice is givan. In either event, or if Lender acquire:s the Property under Section 22 <>r atherwise, Borrower hereby assigns to Lender (a) $orrower's rights to any insurance procc:eds in an amount not. to exceed the amounts unpaid under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of uncarncd premiums paid by Borrower) under all insurance policics coverin�; thc Property, insofaa as such rights are applic:able to the coverage of the Property. Lender may use the insurancc procecds eithcr tc� repair ar restare the Prop�rty pr to pay amounts unpaid under the Nate ar 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 5ecurity Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the dace of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasanably withheld, or unless extenuatin� circumstanc�s exist which are beyond $orrower's cantral. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the PraPerty, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Froperty, Barrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section S that repair or restoration is not economically feasible, Borrower shall promptly repair the Prc�perty if damaged to avoid further deterioration or damage. If insurance or candemnatic�n proceeds are paid in cannection with damage to, c>r the takin�; of, the Property, Borrower shall be responsible for rcpairing or restorin� the Property only if Lender has released proceeds for such purposts. Lcnder may disburse proceeds for thc rc;pairs and restoration in a sit�gle payment or in a series of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Barrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections af the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Propert.y. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. $. Borrower's L,oan Applicatian. Fiorrowcr shall be in default if durin� the Loan application process, Borrower or xny persons or cntitics acting at the direction of I3orrower or with Borrower's knowledge or c<>nsent gave materially false, misleading, ar inaccurate inf��rrnatian or statem�nts to I,cndcr (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Froperty as Barrower's principal residence. 1111056141 ia: �-6�NE) �oaor�.oz P�e 7 of 15 �� Fpmt 3Q28 t101