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Zaioo�o�z work has been completed to Le�nder's satisfaction, provided that �uch inspec�kion shall bc undertaken promptiy. Lender miay disburse procecds for the repairs and restorarion in a single payment ar in a series of progress paymenCs as t�ie work is completed. Unless an agx�eement is made in writing or Applicable Law rec�uires intere:st ta be paid on such i.nsurance proceeds, L.ender shall not be required to pay Horrower any interest or earniags on suc� proceeds. Fces for putblic adjust.�rs, or other tl�ird parties, retained by Borrower shall not be paid out of the insuranae proce�s and sha�1 b� �h� �1� obligation of Borcower. If the restoration or repair is not vconomically feasible or Lender's security would be lessened, the insurance proceeds shall be applied ta the sums se�ured by this Sccurity Instnttnue�t, whether or nat then due, with the e�ccess, if any, paid to Horrower. Stich insurance proceeds shall be applied in the order provided far in Section 2. If Barrowcr abandons the Praperiy, Lender may �ile, negotiate and settic any available insurance claim and related matters. If Borrower does nat respond within 30 days to.a natice fiom Lender that the instirance carrier has affered to settle a claim, then Lcnder may negotiate at�d settle thc claim. The 30-day period will begin� when tha notice is given. In eittaer eve:nt, or if I.ender acyuire.s the Property under Section 22 or otherwise, Horrower hereby assigqs W L,ender (a) Borrower's rights ta any insurance proceeds in an amount not w exce� the amaunts unpaid und�r the Note or ttus Se�urity InsWmez�t, and (b) ar►Y ather of Borrawer's rights (other than the right to any refiutd of uuearned premiums paid by Borrower) under a11 insurance policies covering the property, insofar as such rights are applicable to the coverag� of the Property. Lender may use the insurance proc�ds either to r�pair or restore ttie Properiy or to pay amou�nts unpaid under the Note or this Security Instnument, yvh�thet ar not then due. b. Occupancy. Borrower shall accuPY, establish, and use the Property as Styrrower's principal residence within 60 days �ter the ea�ution of this Security lnstin�ment and st�all continue to accupy the 1'roperty as Borrowe�r's principal re�idence for at leasC one year after the date of accupancy, unle.ss Lender otherwise agrees in writing which conseut shall not be unreasonably wiithheld, or unless exteauatiza.g circumsCances eaist which are beyond Borravver's conCrol. 7. P�atian, Maint�nance and Ptbtectioq, ot the Property; In�pe�f3ons. Borrower shall not destroy damagc or impair the Prnperty, allow the Pcoperty to deteriorate or comnnit v�+aste on the Propert3'• Whetber ar �ot Borrower is residing in the Propet'ty, Borrower shall maintain the Property iui order to prevent the property from deteriorating or decrsasing in value due to its conditaon. Unless it is determine� pursuant to Section 5 that npair or resWration is noC economically feasible, Harrower shall PromPtIY repair the Praperty if datt�aged to avoid fiu�tkter deterioration or da�mage. Xf insurance or comiemnation proc.ceds are paid in cannection wit� damagc to, or the taking of, thc Property, Borrawer shall be �esponsible for repairuag or �storing the Pmperty anly if L,ender has released proceads for such purposes. L.end�r may disburse proceads for the repairs and restoration in a single paym�►t or in a series of P�g� paYments as the work is completed. lf the insurance or condemn�tion proceeds are not sufficicnt to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion af such repair or restoration. Lender or its agent may makB reasonable entries upon and inspections of the Prnpetty. If it �as reasonable cause, L,ender may inspe+ct tha interiar of the improvements on the Prr�perty. �der shall give Bonrower notice at the time of ar prior to such an interior inspection specifying such reasonable cause. 8. Borrower's I.oen Applicadoa. Borrower shall bc in default if, during the Loan application P�, Hormwer or aay persons or entities acting at the dire�tion of Hornawer ar with Barrower's lrnowledge or cotasent gave materially false� misleading, nr inaa;urate infarmation or statements to Lender (or failed to provide I.ender v�+ith material inforntiation) in connection with the Loan. Maieri.al representations include, but are nat lixnit� W, rep�sentations concarn,ing Borrower's occupancy of the Property as Borrower's prir�ipal resid�ce. N�81iASKA - Slnple Famtly - Fannie Ilpaa/�roddh Mac UNIFQRM INSTRUMk�IT �-B�NEI (0911) Pege 7 of 76 InM�ph: � FOITtI $02� 7/0'� a i �