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201504333 6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal resideuce within 60 days aftcr thc cxccution of this Scctuity Instruuient and sha11 contin�ue to occupy the Property as Borrower's principal residence for at lelst one year after tl�e date of occupancy, iuiless Lender deter�nines that this requirement shall cause undue hardship for the Borrower or unless extenuating circuinstances exist which are beyond Borrower's control. 7. Presenration, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or inipair the Property, allow the Property to deteriorate or corrunit waste on tl�e Property. Borrower shall maintain the Property in order to prevent the Property froin dekeriorating or decreasing in v�ue due lo its condition, Unless it is deter�nined pursuant to Sectzon 5 that repair or reslorativn i�nut econurcucally feasible, Bon•uwer shali prutnp[ly repair lhe Properly if damag�d to avoid fu��ti�er deterioration ox daznage. If insuranca or condejnnation proceeds are paid in connection with damage to the Property, Borrower sha11 be r�sponsible for repairing or restoxing tl�e Property only if Lender has released proceeds for such purposes. Lender inay disburse proceeds for the repairs and restoration iia a sit�gle payinent or in a series of pro�•ess payments as the work is completed. If the insurance or condeinnation proceeds are not sut�icient to re�air or restore tli�I'roperty, Borrower is not relieved of Borrower's obligatioii for Che co�nplelion af such repair or resluraliun. If condeinnation proceeds are paid in connection with the taking of the property, Lender shall apply such proceeds to the reduction of khe indebtedness under the Note and this Security Instrument, first fo any dcGnqucnt ainounts, �nd thcn to payincnt of princi�aL Any application af thc proceeds to the principal shall not extenci or posr�aane Che due date of the monthly payments or change the arnount of such payments. Lender ox its a6ent ma,y znake reasonable entries upon and inspections of ihe Property. IP it�as reasonable cause, Lender m1y inspect the interior of the improvements on the Property. Lender shall give Borro�ver notice at the tiine of or prior to such an interior inspection specifying such reasonable cause, 8. BorrOwer'S Loan AppliCation. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities flcting at the ciirection of Borro�ver or rvith Borrower's knowledge or consent gave materially false, inisleading, ar inaccurate in�ot7mation or state�inetats to IJender{or failed to provide L,ender wifh material infarmation)in connection with the Loan. Material representations include, but are not liinited to, represeiit�tioiis concerning Borrower's occupancy of the Property as Borrower's principal residence. 9, Protection Qf L,ender's Interest in the Property and Rights Under this Security Instrument. Tf {a)Borruwer fails �o perfurrri �he covenanls tmd dgreein�nts contained in lhis Security Instrurnent, {b) Chere is a legal proceeding that inighl significan#ly affect Lender's interest in the Property andl or righ#s under this Security Iz�sfruuient(such as a proceedin�in bankauptcy, probate, for conde�nnation or forfeiture, far enforceinent of a lizn which may aCtain priorily over this Security Instrument or to enforce laws or regulaliansj, or(c)Borrower has abandoned the Property, then Lct�der rnay do and pay for whate�er is reasonable or appropriate to protect I,ai�cler's interest in the Property and rights under this SecutiLy Irislrumenl, includiri�prulecling and/ur assessing the value of the Prop�rty, and ti�curi�Zg�iid/or repairing the Property. Lender's actions can include, huY are no#liinited to: (a)paying any suins secured by a lien which has priority ovcr this Security Instruznent; (h)appearing in court; and(c)paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this Security InsCrwnent, including its secured positian in a}�ankruptcy proceeding. Securing the Property includas, 04515fl2956 FHA Deed oi Trust-NE 9(30f2014 Benlcers Sys[emsTM VMP OO VMPM1R(NC�{1 b02).p' W olters Kluw er Financial Services Paga 8 oi 7 6