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��1 5��748 Bc�rrav�er�under a�1 i.nsurance palicies c�verang�he Property, insvfar as such rrghts are appli�able�o the coverage❑f the Property. Lender may use the insurance proceeds e�ther to repair�r rest�re the Property or to pay a�noun�s unpaid under�he�Tot�or�his S��urity Ins�rumen�, whe��er or nvt then due. �. �ccupan�y. Borrow�r shai�occupy, estab��sh, and use the Property as Borrvwer's principal residence v�i�hin G��ays after�he��ecut�an�f this 5e�urity Instrument and shall��ntinue to occupy the Pr�p�rty as Bvrrower's pri.n�ipal residence for a�least ane year after the dat�of o��upancy, un�ess Lender d�t�rmines tha�this requirement shall cause undue hardshYp f�r�h�Borrow�r�r unl�ss ex�enua�ing ��rcum.stances exist wh��h are bey�nd Barrower's control. 7. PrQserrrativn, M aint�nanc� and Pr��ti�n of the Pr�perty; lnspections. B�rrower sha�l not destray, damage or impair�he Praperty, allov��he Property to detieriora�e or cammit waste on the Property. B�rrawer sha�I maintain the Praper�y in order t�pre�ent the Proper�from de�eriarating�r decreasing in value due to its cand��ion. IJnless it is de�ermined pursuant to Section 5 that repa�r ar restora�ion is no�econamicall�r feasible, B�rrower shall prvmptl�r�pa�r the ProperCy if damaged to a�v��d further de�erioration or damage, if insurance or c�nd�mnatian proceeds are paid in�onnecti�n �v��h damag�to�he Property, Borrower sha�i be resp�nsible for repairing or restoring the Property only �f Lender has re�eased proceeds for such purposes. Lender may disburse pr�ceeds far the repairs and res�orati�n in a s�ngle pa�ment�r in a series af progress paymen�s as the work is��mpleted. If�he insurance ar candemna�ion proc�eds are no�suffic�ent�v repa�r or r�s�or�the Property, Borrov��r is n�t reli��d af Borrower's vbliga�ion for the comp�.etion�f such repair ar restora�ivn. If condemnat�on proceeds ar�paid in conn�ct��n wi�h th�takin�af the propert�, Lender sha�l appiy such prviceeds ta the reduct�.on of the�.ndeb�edn�ss und�r the No�e and this S�curity Instrumen�, frrst t�any de�inquent amounts,� and then to payment of principaL Any appli�ation of the proceeds to the principal sha11 not�xtend or pvstpone the due dat�flf�he manthl�payments or change the amaunt of such payments. � Lender ar its agen�rnay make reasanable entries upon and�nspec�ions of the Praperty. �f it has r�asanable cause, Lender xnay Ynspect�he int�rior af�he impravements on�he Pr�per�. Lender sha�1 give Borrn�rer notice at the�ime of or prior�a such an in�erior i.nspe�t�an specifying such reasonabl�cause. S. F�vrrv►nrer's Laan►►4pplicati�n. B�rrflwer shal�.b�in defau�t if, during the Loan applicativn prncess, Borrvwer nr any persons ar ent�tie�a�ting at the dir��tion of Borrower or v�rith B�rrower's knowledge or consen�ga�e ma�eria��y fals�, misleading, or inaccura�e informati�n or s�atemen�s�o Lender��r failed tfl �ro�id�Lender with ma�erial�.nfarmati�n�in c�nn�ction vvith the L�an. Materia�represen�at��ns include, bu�are not limited�o, repr�sen�ati�ns concerning Borr�wer's occupancy of�he Prvper�y as Borrovver's principal residence. 9. Pr�tection of Lender�s C nterest �n the Pr�perty and Ri�hts U nder th�s Secur�ty I nstrument. �f �a}Barrower fails tv perfarm the covenants and agr�ements�ontained in this Secur�ty Instrurnent, �b} there is a Iegal praceeding tha�might signifi�ant�y affec�Lender's interest a�.the Property andlor rights under�his Security Instrumen��su�h as a prflceeding in bankruptcy, proba�e, for condemnation ar f�rfeiture, for enforcemen�of a Iien whi�h may attain priority over�his Security Instrument or�o enfarc� lav�rs ar regulations�, or�c�B�rrower has abandan�d�he Prvper�, then Lend�r may do and pay for wha�e�rer is reas�nable nr appr�pr�ate to pratect Lender's in�erest�n the Pr�perty and r�gh�s under�his 5ecurity Instrument, including prote�ting andlor assessing the value af th�Pr�perty, and s��uring andlvr repairing the Pr�p�rt�. L�nder's actions�an include, bu�are not 1i.mited to: �a}payi.ng any sums secur�d 2�15�7495�3 ��97�0��497729 8165 FHA Deed af Trust With MERS-NE 91301�014 Bar�kers Systems'i'� VMP O VMP�4N[NE�t150�] WoEfers Kl�w er'Fnancial Services 91��1I2�7��2:33 PM Page 8 af�7