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2� 1 ��4�37 Borrov�er}u�.def a�ll insurance policies cov�r�ng th�Property, insofa.r as suc�righ�s are appl�cable to the coverage of th�Property. Le�ader may use the ins�rance proceeds either to repair or restore the Property ar to pay amaun�s unpaid und�r the l�ote ar t�.is Security Instrument,whether or nvt then due. G. �CCu pan�y.Borrower shall oc�upy, esta�lish, and use t��Property as Bvrrower's prin��pa1 residence within 6�days after the execution af�his Security Instrument and shall continue to occupy the Proper�y as B€�rrawer's prin��pa��r�s�den�e for a�least one�ear after the d�.te af occt�panc�,unless L�nder determines t�iat this requirement shal�cause undue hardship for�he Borro�ver or unless�xtenuating circ�ms��s exis�v�h�c�a�e�eyand Borrower's c�ntrol. 7. Preservatian,Maintenanceand P'ratectionaf the Property;Inspections.Borrower shall not destroy,damage ar impair the Proper�y,alla�r the Property to deteriorate ar commit waste on th� Propert�. Borro�t�ver sha11 maintain the Property�n order ta prevent th�Property from d�terioratin�vr decreasing in�a�ue due tQ its conditi�n.Un�ess it is determined pursuant to Sec�ion S that repai.r�r restoration is not ec�namically feasible,$orr��er shatt pr�mptly repai�the Property if damaged to avoid fur�her d��er�oration or darnage. If insurance or condemnation proc�eds ar�paid in can.n.ec�ion with damage ta the Propert�r,Bv�rower sha11 be�esponsib�e�or repairin�or restoring the Praperty only if Lender has re�eased proceeds for such purposes. Lender may disburse proceeds for�h�repairs and restoration in a single paym��.t ar i�.a se�ries af pro�ress payments as the vvvrk is completed.If the insurance or cond�mnation proceeds are not sufficient to repair or restore the Prop�rty,B�rrotiver�s no� reli�v�d of$orrawer's obl�gation for the complei�ion o�such repair or restoration. If condemnation proceeds are paid in cannection�t��h the tak�ng of the property,Lender sha11 apply su�h proceeds to the reduc�ion of t�ie indebtedness under the Note and this Security Ins�rument, first to any delinquent amounts,an�l then tv�ayment of�rinci�a�. �ny a�pplication of the proceeds to the pri.ncipal shall not extend or postpone the due date of the monthly payments ar change th�amoun�of such payments, Lender or its agent may mak�reasonable entries upon and�nspections of the Property. If it has reasonabl�cause,Lender may inspect the interior of the zmprovements o�the Prfl�erty. Lend�r sha�l g��e Borrower notice at the time�f or prior to such an�nterior�nspe�tion specifying such r�asona�ale cause. 8. Bc�rr�owQr's Loan App�ieation.Borrower shall be in default if, during the Laan application process, Borrower or any p�rsons�r entities acting at the direction of Borrawer or with Barrower's knowledge or c�n�ent gave materially false,mis�eading,or inaccurat�informat�on or statements to I�ender�or fai�ed ta provide Len�er with mater�a�information}in connection with the Loan. Material represen�atians include, but are not limi��d��,representations concerning�arrower's occupancy of the Propertiy as Borra�er's principal residence. �. Protectionof Lender's Ir�terest ir�the Prnpertyan�R�ghts Under this S�curity Instrument.If �a}Borx�o�er fai�s�o perform the ca�enants and agreements contained in.�his Security Instrument, (b} there is a 1ega1 proceeding that might significan��y affect Lender`s interest in the Property andlor rights under this Security Instrument(such as a proceeding�n bankruptcy,probate, for conde�m.aation or forfei�ure, for enfarcemen�of a Iien which may attain priority o��r this�ecurity Instrument or to enforce laws or regulations},or(c}Borrower has abandoned the Proper�y,then Lender may do and pay for tivhate�er�s r�asonable ar appiopriate to protect Lender's interest in the Property and r�ghts under th�s Securit�Instrument, including protecting andlor assess�ag the value of the Property,and securi�g andlvr repa�.ring the Property. Lender's actions can include,but are r�ot�im�ted ta: �a}paying any sums s�cured FHA Deed of T�ust With MERS-NE 9/34/2414 Bankers SystemsT� VMP C� VMP4N[N�}[1506}.44 Woiters Kluwer F�nancia�Services Page 8 0#'#? qQ335�7644D7 �233 5$9 0817