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201009120 work has been completed to Lender's sat�sfact�nn, pravided that such inspection shall be und�rtaken pcamptly I�endcr may disburse �roceeds for the repairs and restoration in � s'sngf� paymenl ar in a series of progress payments as the work is comple�ed. Unless an agreemeni is made in writittg or Applicable Law requires interest to be paid an su�h insurance praceeds Lender shall not be required to pay Borrower any interes! or earnings �n such praceeds. Fees for publi� adJusier5, ac other third pa�ties, rel�ined by Borrower shall not he paid out of the insurance pr�ceeds and shall be the sole obligation oF Borrower. If the restaralion or repair is nat economically feasiblc vr I,�nder's security wauld be lessened, ttte insurance proceeds shall be applied io the sums secured by this Security lnstrument, whether ar net then due, with the excess, if any, paid lo Snrrower. Such insurance proceeds shall be applied l�i Ihe nrder provided for in Section Z. If Bnrrawer aband�res the Prape�iy. Lender may �le, ne�oiiate and setile any availabte in�urance claim and r�tated rnatters. If Barrower does not respond within 3D days la a naiice from Lender that the insurance carrier has offered tv settle a claim, then Lender may negoliate and settl� Ihe �l�im. The 30 peric�d will begin whcn the notice is given. Tn either event, ar if Lender acquires the Praperty under Section �2 or otherwise, Borrower hereby assigns to Lender ta) Barrow�r's rights tn any insurance proceeds in an amount qat to exceed khe arnaunts unpaid under the EVote or ihis Security In$krument and (b) any other �f Barrow�r's right� (pther th�n the rIghi to any cefund af ungarned premiums paid 6y Bnrrnwer� i�nder all insuranee policies cavering the Froperty, insafar as such r�ghts are applicable to the coverage o�f the Property, Lender may use the insurance prnceeds e3lher ta repair or restare the Property ar to pay arnount� unpaid under the Noie or this Security Instrument, whelher or rtot tl�en du�. �. Occupancy. Borrawer shall occupy, establish, and use the Property as Borrawer's pri�cipal residence within Bp days after ihe executian of this Secu�ity Instr�me�t and shall eontinue Io occupy the Property as Borrawer's principal cesidenr.e far ak least one year after the date of occupancy, unless Lender atherwise agrees in wri�ing, which consent shall nol be unreasonably withheld, or unless extenuating circumst�nces exisl which are beyvnd $vrrower's control. '1. Preservation� Maintenance axad Protedion of thc Property; I+aspectia�as. Borrawer shall not destroy, damage ar impair the Property, allow Ihe Prope�ty to deteriorate or commit waste on ihe Property, VVhethQr or not $orrower is residing in Ihe Property, Burrawer shall maintain the Prvperty in order to prevent the Praperty f'rom deter[orating or decreasing in value due to its conditian. Unless it is determined pursuant to Sectian 5 that repair ar restara�tion is npt ecanornically feasible, Bvrrnwer shall promptly repair the Frvper(y if damaged to avaid furihec deterioraiian ar damage. lf inSUrance or candemnalian proceeds are pai� in connection wikh damage tq, or ih� taking of, the Propefly� Sorrower shalt be res�onsible for repalrin� or restaring the Property anly if Lender has released proceeds for such purpc�ses, Lender may disburse proceeds for the repairs and restoraiion in a single payment or in a$eries of pragress paymcr►ts as the work is complet�d. lf th� ins�rance or cond�mnalian praceeds are not sufficient to repa�r ar res�or� the Prapefly, Borrower is not relieved af Barrawer's obligadon for the completion af such repair or restoration. Lendcr or its a�ent may make reasonable entries upan and inspections af the Property. If it has rQaso�able cau5�, Lendcr �tay inspect the interior of the impravernents on the Property. Lender 5hall give �nrr�wer nati�e at the �im� nf ar prior ta such an in�erior inspection specrfying snch reasona6le cause, S. Horrawer's Laan Application. �orrower shall be in defau�t if, during the �.oan application prpCB55, �Urr4wer or 8ny perSanS ar entiiies aciing at the directian of Barrower nr with Borrower's knuwledge ar cansent gave materially false, rnisleading, or inaccura�e information or staiements to Lender (vr failed tv pravide l,ender with material infnrma[iou) in conneciion with the Loan. Material reprex�nlations include, but are nat Iirnited to, representati�ns concerning Borrnwer's occupancy of the Praperty as Barrawer's principal residence. t}Q1122,267433 CitiMartgage �.2.42.a7 V4 NE�FtASKA • 5ingle Family - F8r►ni9 M�IFreddie Mac UNIFDRM INSTF�JMBJT WfT� ��-8A(Nq iosto) Page 7 oi 15 �nu�: Fpm1 3028 1 f01 0