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2� 1 ��527 Borrower}under a11 insurance p4licies covering the Pr�per�y, insofar as such rights are app�icable to the coverage of�he Prop�rty. Lender may use the insurance proceeds either to r�pai.r or restor�the Property or to pay amaunts unpaid under the Note or this Se�urity Instrumen�,whe�h�r�r nat then due. fi. �ccup�n�y.Borrower sha�l occupy, establish, and us�the Property as Borrower's princ�pat residence within 64 days after the executi�n af this Security Instrument and shall continue to occupy the Property as Borrower's princ�pal residence for at least one year after the date af occupancy,unless L�nder de�ermines that�his requuement shall cause undue hardship for the Bflrro�er or unless extenua�ing circumstances exist whxch are beyand Borrower's contro�. l. Preservativn,Maintenance and Protection of the Pr�perty;Inspections.Borrovver shall n�t d�stroy,damage or impair the Property,a11ow th�Property to deteriorate or commit waste on the Property. Borrow�r sha�l maintain the Proper�y in arder ta prevent the Proper�y from deterioratin.g or decreas�n��n value due to�ts condition.Unless it is d�ter�nined pur�uant to Section 5 that repair or res�oratian is not economically feasible,Borrower sha�l pramptly repair the Propert�if damaged to a�oid further d�terioratio�or damage.If insuranc��r�ondemnati�n proceeds are paid in connection with damage to�he Pro}��rty,Borrower shall be responsible for repa�.rzn.g or restoring the Property aniy �f Lender has released proceeds for such p�.rposes. Lend�r may disburse proceeds for the repa�.rs and restoration�n a single paymen�or�n a series of progress payments a�the work is camp�eted. �f the insurance or condemnation proce�ds are not sufficient to repair or restore the Property, Borrower is not r�lieved of Borrower's obli�atian for the completi�n of such repair ar restoration. If c�ndemnation proceeds are paid�n connection�vith the tal�ing of the property,Lend�r shai�app1�such �raceeds ta the reduction of the indebtedness under the No�e and this Security Instrument, first to any delinquent amounts,and then to payment of principal.Any application of the proceeds to the princ�pa� sha�l not extend or pastp�ne the due date af the monthly paymen��ar change the amount af such payments. Lender or its agent may rnake reas�nable entries upon and inspections of the Property. If it has reas�na�l�cause,Lender may inspect the interior of the impro�ements on the Property. Lender sha��give Borrower noti�e a�the time of or prior to such an�n�erior inspection specif�ing such reasonable cause. 8. Barrower's Loan Appfieation.�orro�v�r sha�l be in default if, during the Loan applicat�on process, ��rrower or any persons ar ent��ies acting at the direction of Borrotiver or�vith Borrawer's knotivledg�or consent ga�e materially false,misleading,or inaccurate inf�rmation or statemen�s to Lender(or failed to pra�ide Lender w�th material information)in conn.ec�i�n with the Loan, Material r�presenta.tians includeA but are not 1�mited to,representa.tions concern�ng Borrower's occupancy of the Property as Borrower's princ�pa�residence. 9. Protec�ionof Lender'�Interest in the Propertyand Rights Underthis Security Instrument.If (a}Borrower fa��s ta perform the cavenant�and agreements conta.ined in this Security Instrument, �b} there is a 1ega1 proceeding that mi�ht sign�fican��y affect Lender's interest in the PrQperty andlor rights under th�s Securi�y Instrum�nt�sueh as a proceeding in bankruptcy,probate, f�r candemnation or forfeiture, for enfarcemen�of a lien which may attain priority o�er this Security�nstrument or to enforce laws or regulations�,or(c}Borrower has abandoned the property,then Lender may do and pay far whate�er is reasonable or apprapriate to�prote�t Lender's�nterest in the PrQperty and rights under this Se�urity�nstrum�nt, includ�ng pro�ecting andlor assessing the value�f the Property, and securing andlor repairing the Praperty. L�nder'�action.s can include,but ar�not limited ta: �a)paying any surns secured FHA❑eed o#Trust With MERS-NE 9I3412414 Bankers SystemsTM� VMP� VMP4N�NE}(15�6}.�4 Walters lCluwer Finar�cia#Servi�es Page 8 of 17 q0335�642393 0233 3�6 �817