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��Q9�� work has been c�mpleted to Lender' s satisfaction, provided that such inspection shall be undertaken PromptlY. Lender may disburse proceeds for the repairs and restoration in a single payment or in a serie.s of progress gayments as the work is completed. Unless an agreem�t is made in writing or Applic�ble Law requires inYerest to be paid on such insuranc� proceeds, Lender shall not be required to pay Borrower any interest or eamings an such proce�eds. Fees for public adjusters, or other third partieg, retained by Borrower shall not be paid out of the insurance proceeds and sha11 be the sole obligation of Borrower. If the resta�ation or repair is not e�onomically feasible or Lender's security would be lesssn�, the insurance proceeds sha11 be applie� to th� sums secured by this Sacarity Instcvment, whether or not then due, with the excess, if any, Paid to Bonower. S�ch insurance proc,eeds aha11 be appliefl in the order provided for in Se�tion 2. If Bono� abandons the Property, Lender may file, negotiate and settle any available insuraace claim and relate� anatters. If Borrower does not respond within 30 days to a notice fram Lender that tha insurance c�rier has o��ad to settle a claim, then Lender may negotiate and settle the claim. The 30-day period vvill begin wh� the notice is given. In either event, or if Lender acquires the Propert�r under Section 22 or otheiwise, Borrower hereby assigns to Lender (a) Boirower' s rights to any insuranc;e proc�ds in an am+ount not to exxc�ed the amounts unpaid under the Note or this Seanrity Instrunnent, and (b) any other of Borrower's rights (other than the right to any refinnd of �nad premiuma paid by Borrower) under a11 insiu�ance policies covering tha Properiy, insofar as such rights are applic�ble to the coverage of the Property. Lender may use tha insurance proceeds either to repair or restore the Property or to pay amounts empaid under the Note or this Security Instrument, whether or not then due. 6. Occ�ancy. Boaower shall occupy, establish, and u� the Property as Boaowea�'s princiPal residence within 60 days aftei° the execution of t1�is S�urity Instcvment and shall continue to ac�upy tha Properiy as Borrower° s principal residence for at least one yeaz after tha date of axupancy, unl�s Lender otherwise agrees in writing, wluch consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are Ueyond Borrower' s control. 7. Preservadon, Maintenance and Protection of the Property; Inspecbions. Borrower shall aot deslroy� damage or impair the Property, allow the Property to deteriorate or cammit waste on tha Property. Whether or not Boaower is residing in the ProPerh', Borrower shall maintain the Properiy in order to prevent the Property from deteriorating or decreasing ia value due to its condition. iJnless it is determined pursuant to Sect►on 5 that repair or restoration is not ecanomically fe,asi`ble, Bonower shall prompfly repair the Property if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds aza paid in connection with datnage to, or the taking o� the Progerty, Boaower shall be responsi'ble for repairing or restoring the Property only if Lender has released proc�eds for such purposes. Lend�r inay diaburse proceeds for tha repairs and restoration in a single payment or in a series of progress payments as the work is completed. If tha insuranca or condemnation proceeds are not sufficient to repair or restore the Properiy, Borrower is not relieved of Borrower' s obligation for the completion of such repair or regtoration. Lender or its �gent may make reasonable enlries upon and inspections of the Prope�y. If it has reasonable cause, Lender gnay inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower°s Loan Application. Borrower shall ba in default if, during the Lo� applic�tion process, Borrower or any persons or entities acting at the direcrion of Borrower or with Bonower's knowledge or consent gave materially false, misleading, or inaccurata informaYion or statements to Lender (or failed to proeide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, repr�entations concerning Borrower' s occupancy of tha Property as Boirower' s principal residence. 2200198794 a v6a� NF�IiASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMETIT WITH MERS �-6A(Nq loe�o) Peae � ot �s inweis: �/� -� _ Form 3028 7/01 � P_�_�: