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2� 1 ��2198 Bonawer)under a11 ir�surance policies co�ering the Froperty, insafar as such rights are applicable ta the coverage of the Praperty. Lender may u�e�he insurance praceeds either�o repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument,�vhether or not then du�. S. ��Gup�n�y.Borrower sha11 occupy, es�ablish, and use the Property as Borro�rer's principal residence within 60 days af�er the e��cution of th�s Sec�rity Instrument and sha��contxnue to occu�y the PrQperty as Borrower's principal residence far at leas�one year af�er the date of occupancy,unle�s Lender determines that this requir�ment sha��cau�e undue�.ards�iip fnr the Borr�wer�r unl�ss e�tenuatin� circumstances exist which are beyond Borrower's control. 7. Preser►ration,Maintenance and Pr�otection of the Pr�v�erty;Inspectians.Borrower sha11 r�ot de�tro�,da�age or�mpai.r the�roperty,a��ow the Fr�perty ta deteriarate or comrrlit�aste on the Property. Borrower sha11 m�intain the Property in order ta pre��nt the Prop�rty from deteriorating or decr�easing in va�ue due�o i�s cond�txon. �Jn�esS it�s deter�nined pursuan�to Se�t�an.5 that r�epa�.r or restoration is not econornically feasible,Borrower sha1�pramptly repair�he Property if damaged to avo�d further deteriaratio�.or damage. If insurance or condemnation proceeds are paid xn�onnectYon with damage ta the Property,Borrower sha11 be responsibl�far r�pairing ar restoring the Property only if Lender has released proceeds for such purposes. Lend�r may disburse proceeds for the repairs and restorati�n in a single payment or in a series of progress payments as the�ark i�completed. If the insurance ar condemnation proce�ds are not sufficient to repair ar restore th�Property, Borrawer i�not relieved of Borro�u�r's obligation for the completion of such repair ar restoratian. If condemnation proceeds are paid in connection with the taking of the property,Lender sha11 apply such proceeds ta th�reductron of the�ndeb�edness under the No�e and t�i�Securxty Instrument, f�st to any delinquent am.ounts,and�h�n to payment of principal. Any applicatio�of the proceeds to the principal shait not extend ar postpan�the due dat�of the manthty payments ar�hange th�amount of sueh payments. Lend�r or its agent may make reasonable entries upon and inspections of the Property. If it has reaso�.ab�e cause,Lend�r rx�ay�ns�ect th��nterzor�f the�m�rove�ents on the Property. Len�er shall give Barrower notice at the time of or prior to such an�nterior inspection specifying such reasonable cause. 8. Borrower's Loan Appl ieatifln.Borro�er sha11 be in default if, during�he Loan applicatian process, Barrower or any persons or entities acting at the direc��on of Borro�ver or with Borro�ver's knowledge or consent gave materially false,rnisleading,or inaccurat�information�r sta.tements to Lender��r failed to provide Lender tivith materiai informa�ion)�n cannection with the L�an,Material representa.tions includ�, but are nat limit�d to,representation.s con�erning Borrower's occupancy of the Property as Borrower's �r�nci�aa��es�dence. 9. Protectionof L�nder's Interest in the Propertyand Rights Under�th�s Security Instrument.if �a}Borro�ver fails to perform the co�enants and agreements cantained in this Security Instrument, �b} there is a�egal pra�eeding that might significantl�aff�ct Lender's interest in the Property andlor r�ghts under this Security Instrument(such a�a proceeding in bankruptcy,probate, for condemnation or forfeiture, for enforcement of a lien�hich�nay attain priorit�over this Security Instrument ar to enforc� 1a�vs or regulation�},or(c�Borrower has abandoned the Property,then Lender m�y do and pay for what�ver i�reasonable or appropriate to protect Lender's interest in the Property and rights under this Security instrument, including protecting andlar asse�si�g the va�ue of the PropertyA and securing andlor repair�n�t�e�rvperty. Lender's act�o�.s can�nc�ut�e,but are not��m�ted to: �a�p�y�n.g any sums seGured FHA Deed of Tr�sf 11Vifi�MER�-NE 91341�Q�4 Bankers 5ystemsTM VMP C� VMP4N(NE}[154fi}.44 Walters Kluwer Finan�ial Se�vE�es Page 8 of 1? q�3353854889 0�33 359 �817