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2� 1 ��4� 17 Bvrrovver} under all insuranc�palicies co�ering the Prvperty, insofar as such r�ghts are applica�le�a the cnverage af�he Propert�. Lender ma�use �he insurance proceeds either t�repair or res�ore the Prapert� or�o pay amounts unpaid under th�Nvte vr th�s 5e�uri�y Instrument, vvhether ar nat�hen due. �. �ccu pancy. Barrawer shall occupy, establish, and use�h�Prvperty as Bvrrower's principai residence �vithin�� days after�he execution of this Secur��Instrument and shall cvn�nue�a❑ccupy the Prvpert,� as Borrower's principal res�dence for at.least nne year after#he date of occupan��, unless Lender det�rmi.nes tha�thi.s requirement shall cause undue hardship for the Borr❑�rer or unless extenuating �ircumstances exis#whi�h are beyond Borro�er's contr�l. ?'. Preservation, Maintenance�nd Pro�ect�on of the Property; lnspections. Borrovver shall no� destroy, damage❑r impair�he Propert�, allo�th�Praperty to deferiarate or commi��vaste❑n the Propert3r. Borrawer shall maintain the Proper�iri ord�r ta prevent the Propert�r from det�rinrating or de�reasing in�alue due tn its cvnd��on. Unless it is determined gursuant ta Section 5 tha�repai.r or � restaration is not economY�all�feasible, Borrawer shall promp��r repair the Propert��if damaged�v avaid further deterioration or damage. if insurance ar cond�mnation proceeds are paid in cvnnection �vith damage ta th�P�-apert�, Barro�ver shali be respvnsible for repairing or restvring the Froperty only if Lender has r�IeaSed proceeds far su�h purposes. Lender ma�r dis�urse praceeds f�r#he r�pairs and restvra#ion in a sing�e payment or in a series of pragress payments as the work is completed. If the insurance or condemna�ivn proceeds ar�not sufficient�n repair or restore the Property, Borrovver is not relieved af Bvrro�ver's vbligatian fnr the completion of such repaur❑r r�s#oration. If candexnnativn proceeds ar�paid in connec�ian v�ri�h the taking af the propert�, Lender shall apply such pro�eeds to the reduction vf the indeh�edness under the Nate and�his Se�urity rnstrum�nf, �'irst ta any delinquen�amounts, and then ta pa�ment of princxpal. An�applicatian of the praceeds to the principal shall nof extend ar pvstpvne the due date of the monthly payments or change the amaunt of such paymen�s. � Lender or its agent may make reasonable entries upan and in5pections of fhe Prapert�. �f it has reasonable cause, Lender ma�inspect the interior vf th��mprovements an the Praperhy. Lender shall give Sorro�ver natice at#he time vf or prior ta su�h an interior in�pec�ion specifying such r�asvnable cause. $. Borrower's Laan Applica�ion. Borrvwer shall�e in default if, dur�ng#he Lvan appli�a�ion pracess, Barrovver or an�p�rsons or entities acting a�the directinn af Sorrawer or vvith Barrow�r's I�n�wledge❑r consent gave mat�rially false, mis�eading, ar inaccurate information or statements tv Lender (or failed ta prnvide Lender with mat�rial informa�ion} in connectian with the Loan. Material repres�nta�ions include, 1�u�are not ' 'ted�o, repres�nta�i�ns cvncertung Borravver's accupanc�af fhe Propert�as Barrower's principa�resxdence. 9. Protec�ian af Lender's lnt�res� in the Property and R�ghts Und�r this 5�ur�ty lnstrum�nt. If �a} Borrawer faiis#�perfarm the ca�enants and agreements contained xn�us Securi�ry Instrument, �b� there is a legal proceeding that might signi�i�an#1y affect Lender's interest in the Property andlvr right� under th;s Securiiy Ins�rument �such as a proceeding in�ankrup��y, prabate, for condemnation or fnrfei�ure, far enforcemen��f a lien which may atfai.n pr�orit�o�er this Securi�Instrumen�ar to enforce lavvs or regula�ivns}, vr�c} Bvrrower has abandnned the Prvperty, �hen Lender ma�da an d pa�f�r whatever is reasvnable or appropri.ate to prnt�ct Lender's in�erest in the Property and righ�s under this Security Insi�rument, including prate�ting andlor a�sessing the�alue❑f�he Propert�, and securing andlvr repairing the Prvperty. Lender's actions can include, but are nat l�xrut�d�o: �a} pa�ing any sums s�cured 193�66959 ��95152344 FHA❑eed�f Tr�st With MERS-NE 9f3�12D94 Bankers SystemsT�+ VMP� VMP4N[NE)('�5�fij.0❑ Wolters Kluwer Fnancial Services Page 8 af'�T