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201303482 first to the reduction of any indebtedness under a Second Note and Second Security Instrument held by Mc Secretary on the Property and then to the reduction of the indebtedness under the Note and this Security Instrument.Any excess insurance proceeds over to arrow it required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. In the event of foreclosure of this Security hlstniment or other transfer of title to the Property that extinguishes the indebtedness,all right.E tie and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 4.Occupancy,Preservation,Maintenance and Protection of the Property;Borrower's Loan Application;Leaseholds.Borrower shall occupy,establish,and use the Property as Borrower's principal residence after the execution oFthis Security Instrument and Borrower(or at least one Borrower,if initially more than one person are Borrowers)shall continue to occupy the Property as Borrower's principal residence for the term of the Security Instrument."Principal residence"shall have the same meaning as in the Loan Agreement. Borrower shall not commit waste or destroy,damage or subsiantially change the Property or allow the Property to deteriorate,reasonable wear and tear excepted.Borrower shall also be in default if Borrower,during the loan application process,gave materially false or inaccurate information or statements to Lender(or failed to provide Lender with any material information)in connection with the loan evidenced by the Note,including,but not limited to,representations concerning Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease.If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. S.Charges to Borrower and Protection of Lender's Rights in the Property.Borrower shall pay all governmental or municipal charges,fines and impositions that are riot included in Paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment.If failure to pay would adversely affect Lender's interest in the Property,upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments.Borrower shall promptly discharge any lien which has priority over this Security Instrument in the manner provided in Paragraph 12(c). If Borrower fails to make these payments or the property charges required by Paragraph 2,or fails to perform any other covenants and agreements contained in this Security Instnnnent,or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a proceeding in bankruptcy.for condemnation or to enforce laws or regulations),then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property,including payment of taxes,hazard insurance and other items mentioned in Paragraph 2. To protect Lender's security in the Properly,Lender shall advance and charge to Borrower all amounts due to the Secretary for the Mortgage Insurance Premium as defined in the Loan Agreement as well as all sums due to the loan servicer for servicing activities as defined in the Loan Agreement.Any amounts disbursed by Lender under this Paragraph shall become an additional debt of Borrower as provided for in the Loan Agreement and shall be secured by this Security Instrument. f,Inspection.Lender or its agent may enter on,inspect or make appraisals of the Property in a reasonable manner and at reasonable times provided that Lender shall give the Borrower notice prior to any inspection or appraisal specifying a purpose for the inspection or appraisal which must be related to Lender's interest in the Property.If the Property is vacant or abandoned or the loan is in default,Lender Page 3 of 11 Fins Deed Of 1o,,,