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2� 1 ��347� Borrower}under a�l insurance polic�es covering the Property, in�ofar as such rights are applicab�e to the coverage of the Property. Lender may use the xnsurance proceeds eit�.er to repair or restare the Property or to pa�amounts�npaid under the I�ote or this Security Instrum�nt,whet�.er or not th�n due. �. C3�cup�ncy.Borrower sha11 accupy, esta�lish, and use the 1'roperty�as Borr�wer's principal residence within 64 days af�er the exeeution af th�s Secu.rity Instrument and shall cvntinu�tv o��u�y the Property a�Borro�ver's principal residence for at least one year after the date of occupancy,un�ess Lender determines that�h�s requiremen.t shal�cause undue hards�ip for the Borra�rer or unless extenuating cucumst.�nces exis��h�ch are beyond Borro�er's control. �. Preservatian,Maintenanceand Pratectionof the Pra�erty;In�pectians.Borrower shall not de�troy,damage or impair the Property,a11ow the Proper�y to deteri�rate or commit waste on the Property. Borrower sha�l maintain the Prop�rty in order to prevent the Property fram deteriorating or decreasing in value due to its canditian.Unless it is determined pursuant to Section 5 that repa�.r or restora�ion is nat econom�cally feas�bte,�orrower sha11 promptly repair the Propert�if damaged tfl avoid further deterioratit�n or damage. If insurance or condemnation proce�ds are paid in cor�..nection with damage to the Property,Barrower shall be responsib�e far repair�ng or restor�ng the Property only if Le�der has released praceeds for�uch purp�ses. Lender may�isburse proceeds far tl�e repairs and restor�.tion rn a single paymen�or in a series�f pragress payments as the work is comp�e�ed. If the insurance or candemn.ation pra�eeds are not suff cient ta repair or res�ore the I'rop�rty,F3orrower is not relieved of Borra�ver's obli�ation for�he comp�e�ion of such repair or restaratxon. If condemn.at��n proceeds are paid�n conn��tian with the taking of the property,Lender sha11 apply such grv�e�ds to the reduct�an o�t�he in.debtedness under the Note and this�ec�rity Instrument, first ta any delinquent amounts� and then ta payment of pr�nc�pa�. Any applica�io�of the proc�eds to the prin.cipal shall not extend or p�stpone�he du�date of�he monthly payments or change the amount of such payments. Lender or its agent may maJ�e reasonable entries upo�and inspections of the Property. If i�has reasana�le cause,Lender may insgect the interior of t�ie�mproverr�ents an the Prope�.Lend�r shall give Bonower notice at the time of or prior�o such an interior inspection specifying such reasonable cau�se. 8. Borrawer's LoanAp�f�eation.Borrower sha11 be in defaul�if, during the Laan application process, �arr��ver or any persans ar ent�t�es acting at th�direct�on of Borr�wer or with Borrower's kno�Iedge or c�nsen�gave mater�a�ly false,misleading,ar inaecurat�informat��n ar�ta.tements to Lender[or failed to pro�ide Lender with material information�in connection with the Loan,Material repre�entativns inc�ude, but are not limited to,representations concerning Borrovc�er's occupan�y of the Praperty as Borro�ver's principa�resid�nce. 9. Protectionof Lender's interest in the Propertyand Rights Under this Se�urity Instr�ument.If �a�Borro�rer fails to pe�form the covenant$and agreements contained in this Security ins�rument, �b) there is a legal pr�ceeding that might signifiGantly affect Lender's interest�n the Prap�rty andlor r�ghts under this Security Instrument�such as a proceeding in bankruptcy,probate, for condernna��on or forfeiture, for enforcemen�of a lien�wh�ch may attain priority over this Security Instrument or to enforce laws or regulati�ns},or(c)�3arro�ver has abandoned the P'ro�erty,then Le�der ma�do and pa�for whate�er is reasonabte or apprapr�ate to pro�ect Lender's interest in th�Property and rights under this Secur�ty Instrument, inc�uding pratecting andlor assessin�the value of the Property,and securing and�or repairing the Property.L��d.�r's acti�ns can include,'bt��ar�not limited�o: �a}paying any�ums s�cured FHA Deed of Tn�st W�th MERS-NE 9J3012�94 Bankers Systemsr"" VMP� VMP4N4NE)41��fij•4� Woiters Kluwer Financia!Services Page 8 of 1� q4335701�473 �Z33 316 4817