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2� 1 ��29�3 �orraw�r)under a��insurance p�licies covering th�Propert�y, insofar as sueh rights are app�icab�e to the coverage of the Froper�y. Lender may use the insurance proce�ds either t�repau ar restare the T'roperty or to pay amo�unts unpa�d under the Note or this Secur�ty In�trument,wh�ther or not then due. �. ��Cup�nCy.Borrower shall accupy, establish, and use the Pr�perty as Borrower's pr�ncipal residence within��days after the execu�ion of this�ecurity Instrument and sha11 cont�nue to occupy the Property as Borrower's principal re�idence for at least one year af��r the date of occupancy,unless Lender d�termines that this requuement shal�cause undue hardship for the Borrower ar un��ss extenuating circumstances e��st�vhrch a.re beyond Borrower's con�ra�. 7. Preservat�on,Maintenanceand Pr��tectionaf the Prvperty;lnspections.Borrower shall n�t destroy,damage ar�mpair the Property,a11aw�he Property to deter�vrate or commit waste�n the Prvp�rty. Borrawer sha�1 maintain the I'raperty in order to prevent the praperty frorr�deter�orating or decreasing in value due to its cond�tion. Unless it is determined pursuant tv Section S that repair ar restaration rs not ecanomiea��y feasibl�,Borrower sha��promptly repau the Property if damag�d ta avoid fi�rther deterroration or damag�. �f�nsurance ar condemnation proceeds are paid in cannectian with d�mage to the Property,Borrower shall be re�ponsible for repa�ring or restoring the Property an�y if Lender has released proceeds for such purposes. Lender may disburse proc�eds far the repa�.rs and restoration in a single payme��r�n a series of progress payments as the work is complet�d. If the insurance or condemnat�on proceeds axe nat suff cient�o repair or r�store the Propert�,$orraw�r is not relieved of Borrower's abl�gation for the cvmpletion af such repair or restora�ion. If G�ndemnation praceeds are paid in connect�on w�th�he ta.king of the property,Lender shall app�y such proceeds to the reduction of�he ind�btedness under the Nate and thi�Sect�ri.ty Ins�rument, fust to any delinquent amounts,and then to payment of pr�nGipal.An.y appti�ati�n of the proc�eds to the principal sha��not extend or pastpone the due date of the monthly payments or change the amount of such payments. Lender or its agent m�y mai�e reasonable entries ugon and inspections of the Praperty. If it has reasonable cause,Lender may inspect the�nterior of the impro�ements on.the Property. Lender sha��g��e Borrow�r notice at the time�f or prior to such an interior inspection specifying such reasanab�e cause. � 8. Bvrrower's Loan App�ication.Borrower sha11 be in default if, during the Loan application process, Borr�wer or any persons ar entities acting at the direction of B�rrower or with Borrotiver's knowledge or cansent gave materYally false,mxslead�n�,or inaccurate information or�tatements to Lender�or failed ta provide Lender with material information}�n cannection with the Laan. Material representation�include, but ar�not 1im�ted t�,representations con�erning Borrower's occupancy of the Property as Borro�rer's principal resldence. 9. Protectianof L�nd�r's interest in the Propertyand Rights Under this Se�urity lnstrument.If �a)Borr�►�ver fails tv p�rfarm the cavenants and agreements contained in this Securi�y Instrum�nt, �'b} there is a 1ega1 praceeding that m�ght s�gnificantly affect Lender's interest in the Property andlor rights under this Se�urity Instrument(such as a proceeding in ban�kruptcy,pr�bate, for condemnat�on or farfeiture,for enforcement of a lien which may attain priority Qver this Security Instrument or to enforce �a�vs or regulati�ns},or(c)Borrower has abandoned the Pr�perty,then.Lend�r may do and pay for whatever is reas�onable or apprapr�ate�o protect Lender's interest in the Propezty and rights under this S�curity Iasfxument,inc�uding protecting andlor assess�ng the valu�af the Property,and��curing andlor repa�.ring the Property. Lender'�actions can include,but are not�imited to: �a}paying any sums secured FHA Deed of Tr�si V11it.�AAERS-NE 9134lz414 Bankers Systems�+ VMP� VMP4N(NE)(15Q6).04 Wolters Kluw��FinancFal 5ervices Page 8 of 1? qQ33552888G5 4233 33� U817