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2oiao9ss5 work has been c�ortipleted to Lender's satisfaction, provided that such inspection shall be undertaken prompdy. Le�►der may disburse proceeds for the repairs and restoaration in a single payment or in a series of progress payments as the work is cnmpleted. Unless an agreement is uiade in writing or Applicable Law requires interest to be pud on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on such proceeds. Fees for public adji�sters, or other third parties, retained by Borrower sl�all not be paid out of die insurance proceeds and shall be d�e sole obligation of Borrower. If U►e restoration or repair is nat economically feasible or Lender's security woldd be lessened, the insurance proceeds shall �e applied to the smns secured by this Security Instrument, whether or not then due, with d►e excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons die Property, Lender may file, negakiate and setde any available insurance clairn and related matters. If Borrower does not respnnd witt►i�► 30 days to a notice frv�t� Lender d�at die insurance carrier has offered to setde a claim, then Lender may negotiate and setde die claim. The 30-day period will begin when the notice is given. In eid►er event, or if Lender acquires the Property ru►der Section 22 or od�erwise, Borrower hereby assigns to Lender (a) Borrower's riglits to ar►y insurance proceeds in an amo�mt not to exceed the amvunts unpaid under the Note or this Security Instrument, and (b) any ottier of Borrower's rights (other than the right to any refund af unearned premiums paici by Borrower) under all insurance pnlicies cnvering the Prnperty, insofar as such rights are applicable to the coverage of the Praperty. �,ender may use tl►e insurance proceeds eiUier to repair or restore We Property or to pay amounts unpaid ruider the Note or this Security Instniment, whelher or not then due. 6. Occupancy. Borrower shall occ��py, establist►, and use d►e Property as Borrvwer's principal resideuce wil)�ir� 60 days after die execution of diis 5ecurity Instn�ment and shall condnue to occupy the Property as Borrower's principal residence for at least one year after die date of occupanr.y, unless Lender otherwise agrees in writing, whict► consent sl►all not be unreasonably withheld, or ui�less extenuating circumstances exist whicli are beyond Bonower's control. 7. PreservaUon, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair We Property, allow the Property to deteriorate or conunit waste on die Property. Whed�er or not Borrower is residing in the Property, Borrower st►all maintain the Property in order to prevent tl►e Prnperty from deteriorating or decreasi�►g iri value due to its cnrrditior►. L7�iless it is determined pursuant to Section 5 that repair or restoration is nnt econornically feasible, Borrower shall prompdy repair the Property if damaged ta avoid fnrtt►er deterioration or da�nage. If insurance or candeit�nation praceeds are paid in connection witl► dait�age to, or die taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if I.ender has released proceeds fvr such purpnsPS. Lender may disburse proceeds for tl�c repairs and restoration in a single payment or in a series of progress payments as the work is completed. lf the insurance or condeitxnaflon proceeds are not suff cient to repair or restore the Property, Borrower is not relieved of Borrower's obligation fvr tl►e corupletiori of such repair or restoration. I,ender or its agent may make reasona6le entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on die Property. Lender shall give $orrnwer notice at the time of or prior to such an interior inspection specifying such reasanable cause. 8. Borrower's Lpan Application. Borrower shall be in default if, during the Loan applicaUon process, Borrower ar any persnns or entlties acting at the direction of Sorrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to prnvide Lender with material information) in connection with the Loan. Material representatinns include, b�rt are not limrted to, representatio�►s concerning Borrower's occupancy of the Property as Borrower's principal residence. 001122308972 [001122308972] � N RASKA Singie Famiiy - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT WITH S� -BA(NE) (0890) Pa 7 oT ls m�tia�s: �� FOfRI 302$ 1/01