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20�102�68 work has been complered to i.,ender's satisfaction, provided that such ins prompdy. I.ender may disburse proceeds for the repairs a�d restararion in a; af progress payments as the wock is completed. Unless an agreement is rnade i requires interest to be paid on s�ch insurance proceeds, L,ender shall not be r� interest or earaings on such proceeds. Fees far public adjusters, or othe Borrower shall nat he paid out of the insurance proceeds and shall be the sol the restoration or repair is not economically feasibie or L.en�e;r's security wou proceeds shall be applied to the sums secured by tlus Security Instrument, w the excess, if any, paid to Borrower. Such insvrance proceeds shall be applied Section 2. if Botrower abandons the Property, �.ender may file, negotiate and s� claim and related matters. If Borrower does not respond within 30 days to a insurance cazrier has offered to settle a claim, then Lender may negotiate and period wili begir► when the notice is ,given. In either even#, or if Lendez :� Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrowe proceeds i� an amount nat to exceed the amounts unpaid under the Note ar t (b) any other af Borrower's rights (other than the right to any refund of i Borrower) under att insuranoe policies covering the Praperty, insofar as s� caverage of the Property. Lender may use the insurance proceeds eithex to rep� to pay amounts unpaid under the Note ar this Securiry Instrument, whether or i 6. Occupancy. Borrower shall ocr,upy, escablish, and use the Prope: residence within b0 days after the execution of this Security Instrument and � Property as Horrower's principal residence for at least one year after the date � otherwise agrees in writing, wlrich c�onsent shall not be �vueasonably witb circumstaneess exist wluch are beyond Borrower's controL . 7. Preservation, Maintenance and P�+otection af the Pro�erty; Ins�i destroy, damage or impair the Property, allow the Proper#y to deteriora Property. Whether or not Borrower is residing in the Property, Borrower s order W prevent the Property &onn dateriarating or decreasing in vatue due determined putsuant to Sedion 5 that repair or restoration is not eoonomi promptly repair the Property if damagect to avoid further deterioration condamnation proceeds ate paid in connecrion with damsge to, or the taldn shall be responsible for repairing or restoring the Property only if Lender h purposes. Lender may disburse proceeds for the tepairs and restoration in a s' ; progress paymeais as the work is campleted. If the insurance or caondemnati to repair or restore the Property, Borrower is not relieved of Borrower's obl such repair or restoration. t� � Lender or its agent may make reasonat�le entries upon and inspectio reasonable cause, Lender may inspect the inteiior af the i�proveazents on Borrower notice at the rime of or priar to such an interiar inspection specif 8. Borrower's Loan Applieation. Borrower shall be in default if, pracess, Bomrower or any persons or entities acting at the direction of knowledge qr oonsent gave materially false, misleading, ar inaccurate info (or failed to pravide Lender wiGh material information) in connectio representations include, but are not 3imited Uo, representations concerning Properhy as Borrower's principal residence. t�EB�1ASKA - Singte Famiiy - Fannie YaelFreddie Mac UNIFORII INSTAUMENT WITH �-6A(NE) (0670) Poge7 of 15 Ini�iels�� ;ction sha12 be undertakea �gle payment or in a series writing or Applicable I.aw uired to pay Borrower any third parties, retained by obligation of Borrower. If be lessened, the insvrance xher or not then due, with n the order provideci for in. tle any available insurance �otice fram Lender that the sttle the claim. The 30-day : qwires the Praperty under 's ri�ts to any insurance is Security Instrument, aad neazned premiums paid by righis are applicable to the = ox restore the Property or �t then ci�e. ;y as Borrower's principal 2all continue to occupy the f occugancy, ualess I,ender �eld, or unless extenuating �ctians. Borrower shall not : or commit waste on the dl maintain the Property in � its oondition. Unless it is iy feasible, Borrower shall r damage. Tf insurance or of, the Property, Bonower released pr�ceeds for such ;le payment or in a series of proceeds aze noi sufficient ;ation for the completion of � at` the Property. If it has Property. Lender shall give such reasonable cause. uring the Loaa application rrowet or with Bortower's ion or statements t,o Lernier with the Loan. Material �rrower's oc�upancy of the 1i-01-000005 Form 9028 t�01