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��14�539� ia3�i�ola4 �a} to the reductzon of the indebtedness under the Note and this Securi�y Instrument, first to any de��nquent amoun�s app�ied�n the order xn Para�raph 3, and then�o prepaymen�of princ�pa�, or �b� to the restoration or repazr of�he dama�ed Properfiy.Any app�xcatzan of the proceeds to the pnncipal sha�I not extend �r postpone the due date of the mon�hly paymen�s which are referred to xn Paragraph 2, flr �hange the amount of su�h payments. Any excess �nsurance proce�ds over an amaun�required�o pay a��ou�standing indeb�edness under the Note and�h�s Security 7nstrument sha�I b e p aid to the en�ity�ega��y en�i�led thereto. �n the even�of forec�osure of this Securxty Instrument or o�her�ransfer of�it�e to the Prop�rty that e�tingurshes the zndeb�edness,aII ri�h�,�xt�e and in�erest of Borrower in and to�nsurance polrcYes i.n force shall pass to the purchaser. S. �c�upancy, Pres�rvatYan, Nda�nt�n�.nce an�l Protectian of the Property; Barr�wer's Loan Ap�licat�.on; L�ase�xold.s Borr�wer sha��occupy, establish, and us�the Property as Sorrower's princxpa�residence�vithxn s�xty days after th.e execution of this Security Znstrument�or withrn sxxty days of a Iater sa�e ar�ransfer af the Property� and sha�I cflntYnue to occupy the Proper�y as Borrower's pr�nc�pa�res�dence for at Ieast one year after the date af occupancy,unless Lender determines tha�r�quirement wi�I�ause undue hardship for Borrower,or unless e��enuating circumstances exist u�hrch axe beyond Borrower's control.Borrower sha��notify Lender of any extenua��ng circurnstances. B orrower shall na� comm�t was�e or destroy, dama�e or subs�an�ial�y change the Property or a1�ow�he Praperty�o de�eriarate,reasonable wear and �ear excepted. Lender may�nspect the Property if the Property is vacant or abandaned or the loan is in defau�t. Lender may take reasonab�e act�on to protect and preserve such vacan�or abandoned propexty. Borro�ver shall a�so be xn default�f borrower, during the�oan applicatian process,gave ma�erial�y fa�se or xnaccurate xnforma�xon or sta�ements �o Lender �or failed �� pravxde JLender with any mater�al informatron� xn connec�i.on wi�h the Ioan evidenced by the Note, including, 1�u� na� Iimited ta, represen�atxons concerning Borrower's accupancy of the Property as a prxncipal residence. If thxs Secur�ty Ynstrument is on a �easeho�d, Borrower sha�� comp�y with the prov�sians of the lease. �f Borrower acqu�res fee ti�1e to the Properiy,th.e Ieasehold and fee tit�e shall nat be merged unless Lender a�rees to�he merger zn writ�ng. 6. �andemnat��n The proceeds of any award or claim for damages, d�rect or consequen��a�, �n connec�ion with any condemnat�on or o�her tak�ng af any part of the Property, or for conveyance in place of condemnat�an, a.re hereby assigned and shal�be paid to Lender ta the ex�ent af the fu�l amount of the indebtedriess that rema�n�unpaid under the Note and this Secur�ty Ins�rument. L�nder shall apply such proceeds to�he reduct�on �f the Indebtedness under the No�e and this Security Instrument, �irs� �o any delinquent amoun�s applied zn �he order provided in Paragraph 3, and then �o prepayment of pr�nc�pal. A.ny appl�ca�ion of�he proceeds �o �he prin�ipal shall not ex�end or postpone the due da�e of the month�y payments,�vvhich are referred to in Paragraph 2, or change the amount of such payments. Any ex�ess proceeds over an amount requir�d�o pay aI1 outstandin��ndebtedness under�he N��e and this Secunty �nstrumen�sha�l be pa�d to the en�ity legall�en�itled thereta. 7. �harbes to Borrower and Protect�on of Lender's Ribhts in the Prop�rty Borrower shal�pay a��governmental or m.unicipal charges,f�nes and impositrons tha�are not included in Paragraph 2. Borro�ver shall pay these obli�a��on� on�zme direc��y to �he ent�ty which�s owed the paymen�.�f failure ta pay wou�d adversely af�ect Lender's Ynterest�n the Proper�y,upon Lender's request Borrower shall promp�Iy furnish�o Lender receip�s evidencing these payments. �f�orrower fa��s to make these payments or�he paymen�s required by Paxagraph 2, or fai�s to perform FHA Nebraska Deed of Trust-I21I3 � 39I.3I Pa�e � �f IO