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- 2� 1 ��5994 <br /> �orr�wer}under a�1 in�ur�nce policies co�ering the�r�per�r,�nsofar as suc�.r�ghts are app�ica��e to the <br /> �o�erage of the Propert�. Lender may use t�e�nsurance proceeds eith�r to r�pair or restore the Property <br /> or�o pay amounts unpaid under th�Note or this Se�urity In�trument,whether�r not then due, <br /> C. ��cupancy.�orro�ver shail�ccupy, �s#a.b�ish.y and use the Property as B�rro�uer`s principal residenc� <br /> with�n G�days a�er the executiQn of thi�Securit�In.str�me�t and shal�cont�nue to occupy�he Prop�rty <br /> as Borrower's pri�ncipa�resid�nc�for at�e�st ane year af�er th.e date af accupanc�,un�ess Lender <br /> d��ermin�s that this requirement shall cause undue hardship for the�arrov�rer or unless extenuating <br /> circumstances exist which ar�beyond Barrower'�contral. <br /> 7. Preser�rativn,Ma�ntenanceand Pr�te+ctionof th� Property;Inspections,B��-rower shall not <br /> destroy,darnage or impair the Property,a1lo�vv the Pro��rty to deteriorate or commit vvaste on t�e <br /> �roper�. �orrower sha��rr�ainta�n t�.e�r��er�in arder to�a��vent the Pro�erty�orn d�teriorat�ng vr� <br /> decreasing in va�ue due to its�vnd�tion.Unless it is determined�urs�.ant t� Section 5 that repair or <br /> restora�ian is not�c�nam�cally feasibl�,Borro�er shal�prornpt��re�aair the Property if damaged to <br /> a�oid further det�rioration ar damage. if�nsurance or condemnation proeeeds are paid in connection <br /> with damage t�the Pro��rty,Borrow�r shall be responsible for repa�ring or restorin�the Proper�y anly <br /> if Lender has rel�a�ed proceeds for such purposes. Len�er may disburse pro�eeds for the repairs and <br /> restoration in a sin��e�ayment or in a series af pr€��ress payrnen�s as�he tivork is completed.�f the <br /> insurance�r cond�mnatian proceed�are aot suffici�nt�a repair or restore the Property,Bono�ver is n�t <br /> rel�ev�d of�arrawer's obligation for the completion of such repair ar restoration. <br /> If condemnation proceed�are paid in conne�t�on tivith�h�taking af the property,Lend�r sha�l app�y such <br /> praceeds to the reduction of th��debtedness under the Note and thi�Security Instrument, first to any <br /> delinquent amount�,and then to payment�f principal,Any appiica�ion o�the proceeds to the principal <br /> �hall nat�a�tend or postpone the due date of the monthly payments ar change the am�unt of such <br /> payments. <br /> Lender or i�s�gent may make reasflnabte entri�s u�an and�nspection.s of the Pr�perty. If it ha.s <br /> reasvna�le cau�e,Lender ma�inspect the int�rior�f the impro�em�nts on the Property. Lender shall gi�e <br /> F��rrower no�ice at�he tirn�af or pri�r to�uch an�nterior insp�ction speGifying suc�i reasonable cause. <br /> $. Borrow�r's Laan Application.Borrower shal�be in default if, during the Loan app�ica�io�process, <br /> Borro���or any pers�ons�r ent�t�e�actiIIg at�he d�rect�vn.af�o�ro�ver vr w�th Bvrro�veF's kno�l�dge or <br /> consent gave materially false,misleading,�r inaccurate information or statements t�Lender(or failed to <br /> provide Lender with material�nformation}in c�nnec��an with the Loan. Material r�presen�ta�xans include, <br /> �ut are not�imited to,repres�ntat�ons concerning]3orrovv�r`s occ�.pancy of t�.�Prvperty as��rrv�ver's <br /> principal re�iden�e. <br /> 9. Prot�ctionof Lender���nt�rest in the Propert�and R�ghts Vnder th�s Securit�lnstrument,if <br /> (a}Borr�wer fai�s ta perform the covenants and agreements contained in this Securit�Instrument, (b� <br /> there is a iegal proceeding that might s�gn�ficantly affect Lender'�int�rest in the Property andlor r�ghts <br /> und�r this 5ecu.rit��nstrument[such as a pr��eec�ittg�n ba�ptcy,pro�ate, for�a�den�at�on�r <br /> forfeiture,for enforcem�n�of a lien wh�ch rnay att��n pr�arity over this Sec�rity Instrument or to enforce <br /> laws or regula�ia�ns},or(c}Borrower has�bandon�d the Property,then Lender may do and pay far <br /> whate�rer is reason�ble or appropriate to protect i.ender'�i�terest in t�e Praperty and rights u�der this <br /> 5ecur�ty Instrument,includin�protecting andlor a�sessing the value af the Property,and securing andlor <br /> repairing the Property.Lender's actions can include,but axe not lirni�ed to: (a)paying any�ums secured <br /> FHA�eed of Trt��t W�th 11AERS-NE 9f3Ul2414 <br /> Bankers Sysiems�++ VMP� VMP4N�NE)[�54fi}.4� <br /> Wol#ers Klwver F�nar�c�al Services Page 8 of 1T <br /> qQ3364�3[39�� ��33 572 48�� <br />