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2� 1 ��579� F3orrower�under all insurance policies c�ver�ag�he Praperty,insofar as such rights are applicable to the co�erage of the Fraper�y.Lender may use th�ins�arance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument,whether or not then due. fi. �c�upanc�.I�arrawer sha11 occupy, estab��sh, and use the Froperty as Bonower's pr�ncipal residenc� �vvithin��days after the execution of this Security Instrument and sha11 continue to occupy the I'roperty as Barrower's principa�residence far at least one year after the date af oc�upanGy,unless Len�er determines that this requirement sha11 cause undu�hardship for the Borro�ver or unle�s extenuating circumstances exist which are beyond Borrawer's c�ntrol. 7. Pre�ervativr�,l�a�ntenanceand P�otect�vnflf the Property;�nspect��ns.Borro�ver sh�.11 not destroy,damag�or impa�.r the Property,al�ow the Property to deteriarate or commit waste o�the Praperty. B�rr�v��r�ha�l maintain the Praperty�n order to prevent the Prop�rty from deteriorating or decreasin.g in value due to its c�nditi�n.Un��ss it�s determined pursuant to Sectian 5 that repai�r or restora�ion is not ec�n�mically feasible,Bvrrawer shall promptly repair the Pro�erty if damaged to avoid further deterioration ar damage. If�nsurance or condemn.atian�roceeds are paid in.connectivn �vith d�mage to th�Praperty,Borrower shall be responsihle for repa�ring or restoring the Property on�y if Lender has re�eas�d proce�ds for such purposes. Lender may dis�urs�proceeds for the repai.rs and restaration in a single payment or in a series of progress payments as the�vork is completed. If the insuranc�or condemnation proceeds are no�sufficieat to repair or rest�re the Property,Borrawer is not relieved of�orrower's obligatian for the comple�ron.of such r�pair or restorati�n. If condemn.ation proce�ds are paid in connection�ith the taking�f��e property,Lender sha11 apply such proceeds to the redu�tion�f the indebt�dne�s�nder the Note and thi.s Security Instrument, fir�t tv any delinquent amounts,and then to payment of principal.Any application of the�roceeds to th�principal sha11 nat extend or pastpone the due date of th�monthly payments or change the amount of such payments. Lender or its agent may ma�e reasonable entries upon and inspections of�he Proper�y. If it has reasonab�e cause,Lender may inspect the ir�terior of the impravemea�s an the Property. Lender sha11 gi�e �orrov�er natice at the time of or prior to such an in�erior insp�ction specifying such reasonable cause. $. Borrower's Loan Application.Barrower shail be in default if, during th�Loan application prac�ss, Borro�ver or any p�rsons or enti�ies acting at the duection of Borrower or w��h Borrower's know�edge or consent gave materially false,misleading,or inaccurate informati�n or sta.t�men�s to Lend�r(or fa�ted to grovide L�nder with material informatian}in cannection w�th the Loan.Materia�r�pres�ntations include, but are n�t limited to,represen��ons concerning Borrower'�occupancy�f the Property a�Borrower's pr�nc�pal residence. 9. P�vte�tionof Lender's�nterest in the Propertyand Rights Un�ler this Se�urity Instrum+�nt.If (a)Borrower fails to perfarm the covenants and agreements contained in this Security Instrurnent,(b) there is a legal proc�eding that might significantly aff�ct Lender's�nterest in the Praperty andlor rights under this Security Instrument(such as a proce�ding�n bankrup�cy,probate, far condernnation or forfeiture,far enforcement of a lien�v�ich may attain pr�ority over this Security�nstrument or to enforce la�vs or regu�ations},flr(c}Borrawer has abandoned th�Proper�y,th�n Len.der may da an,d pay for whatever is reasonab�e or appropriate ta proteet Lender's�nterest in the Froperty and rights under this Seeurity Instrument,includin�pr�tec�ing andlor assessing th�value of the T'roperty,and securing andlor repairing the I'roperty. Lend�r's actions can inc�rude,but are nat lirnited to: (a}paying any sums secured FHA peed of Trust With MERS-NE 91341�U1� Bankers SystemsT"" VMP� VMP4N(IVE}(154B�.Ofl Walter�Kluwer Financiai Serv�ces Page 8 of 17 q4335981�158 aZ33� 354 U81�