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2� 1 �� 181 � Borrower}�ander all insura�xce�olicies covering the��ape�y,��.so�a�c'as such rights are applicable ta the co�erage of the Froperty. Lender may us�th�insurance pro�eeds e�ther to repair or restor�the Praperty or to pay am�unts unpaid under��e Note vr this S�curity Instrument,whether or nat then due. �. �3ccupan�y.Borrower shall occupy, establish, and use the Property as Bo�rrawer's principal residenc� within 6�days after the execution of this Security Instr��.m�nt and shall continue to t�ccupy the Prope�r as$Qrrower's princi�al residence for at least one�ear aft�r the date of occu�ancy,unles�Lender determiaes that this requ�rernent sha��cause undu�hardship for the Borr4�ver or unl�ss extenua��n� cir�ums�ances exist�hich are beyond�orrower's contr�l. 7. Preser�ation,�aintenance and Prat�cti�n af the Prvperty;inspections.�orrower sha11 not destray,damage or impair the Property,allow the Property to deteriorate or commit wa�te an the Property. Borra�ver sha11 mainta��the Property in�rder to prevent�he Property from deteriorating or decreasing in value due ta its condition.Unless it is determined pursuant to Section S that repair or restaration�s not econom�cal�y feasible,Borrower sha11 promptly repau the Prop�rty if damaged to avoid further d�teriorat�on.or damage. If insuranc�or c�n.demnati�n praceeds are�aa�d�n connect��n ��th damage to the Pr�perty,Barrower shall be responsible far repair�ng�r restoring the Property only if Lender has re�eased praceeds for such purposes. Lender may disburse proceeds for the repairs and rest�ration in a singl�pay�ex�t or in a s�r�es of pragress pa�r�ents as the work is completed,If the insurance or condemnation proceeds are not suff cient to repair or rest�re the Praperty,Borro�er is not relie�ed of Borrdw�r's obligation for the completion of such repair or restorat�on. �f cond�mnation proceeds are paid ir�con�ection�vith the ta.king of the property,Lender shall apply�uch proceeds to the reduction of the indebtedness under the No�e and this Security Instrument, fust to any delinquent amounts,and�hen t�payment of principal,Any applicativn.Q�'the�rv�eeds t4 the pr�ncipai sha11 not extend or postpone the due date of the monthly payments or change the amount of�uch payments. Lender or i�s agent may make reasonabte entries upon and iaspections of th�T'roper�y. �f it has reasonable cause,L�nder may inspec�the interior af the improvements on the Property, Lender�ha11 give Borrower notice at the time of or prior to such an interior��spectio�specifying such reasonable cause. $. B�rrower's Loan Appl�catian.Borrov�er shat�be�n default if, during the Loan application pracess, Borro�ver or a�y p�rsons or entities acting at the direction of Borrower or wi�h Borro�er's knawledge ar cons�nt ga�e ma�erially false,m�s�eading,or inaccurate information or statements to Lender�or failed to pr�vide Lender�vith mater�al information3 in connectian with the L.�an. Material representations include, but are�ot lYmited t�,representations cancerning Borrowei's�ccupancy�f the Froperty as Barrower's principal residenc�. 9. Protectionof Lender's lntere�t in the Propertyand Ri�hts Under this Securit�l Instrument.If (a}Borro�ver fails ta perfarm the covenaats�.nd agreements contained in this Securit�Instrument, (b) �here is a legal proceeding that migh�signifiGantly affec�Lender's interest in the Property anc�or rights under this Security Instrument�such as a proceeding in banl�ruptcy,probate,for condemnati�n or forfeiture, for enforcement of a li�n wh�ch may attain priori�ty o�er this Security Instrument or to enforce laws or regu�ations),or(c}Bortower has abandoned the I'roper�y,then Lender may do and pay for whatever is reasonable ar appropriate to protect Lender's interest in the Prope�-ty an�.rights under this Security Instrument, including protecting andJor assessing the value af the Property,and securing andlor repairing the Property.Lender's actions can inciude,but are not�imited to: �a}paying any sums secured FHA❑eed af Trust With MERS-NE 913�l�a14 6ankers SystemsT�+ VMP� VMP4N(NE}�15nB)A4 Walters ltluwer Fina�nGial Seniices Page B of 97 q�3351�g4�19 a�33 �93 4817 a