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��14��5 econom�ca�ly feasib�e and Lender's security is no�lessened. �f th�res�oration�r r�pair is not economically f�asible or Lender's security tivould be lessened,�he�nsurance prac�eds shall be a�p��d frst�o�he reduc�ion of any indeb�edness under�he Se�ond Note and th�s Security Instrumen�. Any e�.c�ss �nsurance proceeds over an amount required to pa�all au�s�anding;indebtedness under�he Second Nate and this Security Ins�rument sha�1 be paid�a�he en��ty lega��ent��ed�hereta. In�he event of for�c�osure of�h�s Secur�ty�ns�runzen�4r other transfer of�it1e to the Property that extinguish�s the indeb�edness,all right,ti�le and int�rest of Barrower�n and to �nsurance palicies in force shall pass t�the purchas�r. 4. ��cupancy,Prese�-rvat�on,Ma�ntenance and Protection of the Property; Barrower's Loan App��cation; Leasehold�. Borrower shall occupy,establish,and use the Proper�y as Borrower's princ�pal res�dence after the execut�on of this Se�urity�ns�rumen�and Borrower�or at�east ane Borrawer, if initially more�han one person are Borrawers�and shal�continue ta occupy�he Property as Borrower's pr�ncipa�res�dence for�he�erm of�he Security�nstrument. "Princ�pal res�dence" shal�ha�e the same meaning as in the Laan Agreemen�. Borrower shall not commit v�ast�or destroy, damage ar substan�ially change the Proper�y or a��ow�he Property�o de�eriara�e,reasonab��w�ar and t�ar excepted. Borrower sha�l a�sa be�n default�f Barrov�er,during�he Ioan application pro�ess,gave ma�er�a��fa�se or�naccurate informa�ion or sta�emen�s�o L�nder(or failed ta provxde Lender wxth any ma�erial informat�an)in connec�ian with�he loan ev�denced by the No�e,in�lud�ng,bu�no��imi��d�o,representa�ions cancerning Borrov�er's o�cupancy of�he Praperty as a principal r�sidence. �f th�s Se�ur�ty�ns�rument�s on a leasehold, Barr�wer sha�l comp�y vvith�he prov�sions of�he�ease. �f Borro�ver acquires fee title�o the Property, �he �easeho�d and fee tit�e sha11 na�be merged unless Lender agrees to the rnerger in vvri�ing. 5. Charges to Barrower and Protection of Lenderrs R�ghts in tbe Property.Borr�wer shai�pay a�l governmental ar municipal charges, fines and impflsi�ians�hat are not included�n Paragraph 2. Borraw�r sha11 pay these obligat�flns an��me d�re�tl}�ta�he en��ty whi�h�s ov�ed�he paynlent. �f fa��ure to pay would adv�rse��affect Lender's�n�erest in the Propert�,upon Lender's r�quest Borrower sha�l promptly furnish ta Lender rece�p�s evid�ncing these payments. Barrower shall promptly discharge any l�en�vhich has priority over th�s Securi�y Ins�rument in the manner provided in Paragraph IZ�c}. rf Barrov�er fa��s to mak�thes�pa�men�s or the property charges requir�d by Paragraph 2, ar fai�s to perform any other covenants and agreements con�a�ned�n�his Securit�Instrument, or there is a lega� proceeding�hat may sign�fi�antly affec�Lender's rights in the Property�such as a proceeding in bar�kruptcy, for�ondemnation or�o enforce�aws or regulat�ons},then Lender may do and pay whatever �s necessary to pratect the�alue of�he Proper�y and Lender's righ�s in the Prvpert�, includ�ng payment af taxes,hazard insurance and�th�r items mentioned in Paragrap�.�. To pro�ect Lender's security in the Propert�, Lend�r shall advance and charge to Barrov�er all amounts due�o the Secretary for the Mortga�e�nsurance Premium as defin�d�n the Loan Agr�em.en�as v��as a��sums due�a the loan ser�icer f�r ser`ric�ng activities as.defned in the Loan Agreernen�.Any amaunts d�s�ursed by Lender under this Paragraph sha��becom�an additiona�debt of BorrQwer as pro�ided for in the Loan Agreement and shall be secured b�th�s SeGur�ty Instrumen�. 6. Inspection.Lender or i�s agent may enter an, inspect or make appra�sa�s of�he Pr�p�rty in a reas�nab�e manrier and at reasonab�e��mes provided tha�Lender sha11 gi�e th�Borrower no�ic�prior to any inspec�ion or appraisal spec�fyir�g a purpose for the inspec�ion or appra�sa��vh��h must l�e re�ated�o Lender's interes��n�he Prflperty. �f�he Propert_y is vacant or abando�ed or the�oan is in defau��, Lender Page 3 af 11 HEGM 5ecand Deed Df Trust