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�0�1�51�3 work has been complered to Lender's satisfaction, provided that such inspection shall be undertaken promptly. L�nder may disburse proceeds for the repairs and restoration in a sittgle payment or in a series of progress paymeuts as the work is completed. Unless an agreemenx is made in writing or Applicable Law requires interest to be paid on such inswance pr�eeds, Lender shall not be required to pay Borrower any interest ar earnings on such proceeds. Fees for public adjuaters, or otJner thitd parties, retained by Borrower shall not be paid out of the insarance proceecis and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lesseaed, the insuraace proceeds shall be applied to the sums sscured by this Seciuity Instrument, whether or not then due, with the excess, if any, paid W Borro�er. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Froperty, Lender may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice fi�om Lender that the insurance carrier has offereti to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 22 or otf�erwis�, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance pr�eeds in an annount not to exceed the amounts u�paid under the Note or this Security Iostrument, and @) any other of Borrower's rights (other than the right to any refund of uaearned premiums paid by Borrower) under all insurance policies coveriag the Property, insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Progerty ar tv pay amounts unpaid under the Note or this Security Instrumeat, whether or not then due. 6. Occnpancy. Barrower shall occupy, establish, and use the Property as Barrowei's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Prop�rly as Borrower's priucipal residence for at teast one ye�r after the date of occupancy, unless Lender otherwise agrees in writing, which consent shali not be twrea.�onably urit}�held, or unless extenuating circumstances exist which aze beyond Borrower's conirol. 1. Preservation, Ma9ntenance and Protectlon of the Property; Inspectlons. Bo�rower shall not destroy, damage or impair the Property, allow tlie Property to deteriorate ar commit waste on the Property. Whether or not Borrower is residing in the Froperty, Borrower shall maintain tbe Praperty in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Bonower shall pro�tly repair the Property if damaged to avoid farther deterioration or damage. If insurance ar condemnation proceeds are paid in connection with damage to, or the takiug o� the Property, Brnrower shall be responsible for repairiug or restoring the Property only if Lender has released proceeds for sach purposes. Lender may disburse proceeds for the repairs and restoration in a single payment ar 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, Bonower is not relieved of Bonower's obligation for the completion of such repair or restoration, Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspe�ction specifying such rea.sonable causs. 8. Borrower's Loan Applieation Brnrower shall be in default i� during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's kaowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender witli material infoimation) in connection with the Loaa Material represeatations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. PIE�RASKA- Single Family - FanniaMae/Fr�tdieMac UNIFORM INSTRUMENT YYITH M �-6A{Nk� toa�o� Paee 7 ot �s ��• Form 30Z8 1/01 �� ��i�a��iui�!i ��i ia�� m