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2� 1 ���443 <br /> Borro�ver)under all in�urance policies covering the Property, ins�far as such ri�hts are applicable to the <br /> co�erage of the Proper�y. Lender may use the insurance proeeeds either to repair or restc�re the Property <br /> or to pa�a.rr�a��nts��npaid���der t�e Nate or this Sec��rit�Instr���-nent, whether or��ot thexi��r�. <br /> C. C]��upan�y.Bo�Tower sha11 o�cupy, establish, a�ud use the T�roperty as�arrower's principal residence <br /> with�n 6�days aft�r the ex�cutior�of this Seeurity Inst�-ument and shall continue to occti�py the Proper�y <br /> as Borrower's priticipal residence for at least o��e year after t��e date of occupancy,u�i�ess Le��der <br /> determines that this requirement shall cause undue hardship for the F3orrower or u�aless�xtcn�za�in� <br /> circurr�sta�aces exist�v��ich are beyond Bo�-ro�ver's c�r��ro�. <br /> 7. Pres�r►ration,Maintenanc�and Protectionof the Proper�y;�nspec�ions.�3ono�v�r shall not <br /> destroy, damage or impair the Property, allow the Property�o deteriorate or com�nit waste o1��he <br /> Property. $ono�.ver shall mai�7taii�the Prope1-�y in order to pr��en#the Propel~�y froYn deteriorating ar <br /> decreasing in�alue due to its candition. Crrnless it is d�termincd pursuant to Sectio�� _5 that repair or <br /> re�tora#ion is not economically feasible, F�o�7ower shall promptly r�p�ir the PropeX�ty�f dama�ed to <br /> avoid �'��rther deterioratYon or damage. �f it�st�ran�e or con�ernr�at�on praceeds are pa�d ���cannect�an <br /> with darnag�ta th� Propei-��, �o1-ro«rer shall be responsible for repairin�ar rest�rix��;the �'rap�r�y o���y <br /> if Lender has re�eased proceeds for such p��rposes. Lender lnay disb�xrse praceeds for the repairs and <br /> restoration in a single payr�nent or ir�a serie�of pr�gress paymen�s as�he w�rk is completed. If�he <br /> insurance or conde�nnation proceeds are not�sufftcient to repair or re�tore the ��•opert.y, Borr�wer is�aat <br /> re�ie�ed of Borro��ver's obligation for the completion of such repair or restaration. <br /> If cond�mnat�ion prac�cds ar�paid in connccti���wi�h�hc taking�f thc proper#.y, Lcndcr sha11 apply such <br /> praceeds to the reduction of the inde�tednes���nder the I�1ote and this Securi�y Instr��ment, firs�to any <br /> �clinqucnt am�unts, and thcn t��pay�ncnt of principal, E�.ny applic��tion of thc proc�cds tt�thc �rincipal <br /> shall not extend or postpone the due date ot the monthly paymet�ts or chat�ge the amount of"su�:h <br /> payments. <br /> Lender ar its agent�nay make reasona�lc entries upan ar�d inspectioxls af the Praperty. �f rt�.as <br /> reasonable cau�e, Lei7d�r rna�inspect the interior of the improvernen�s on the Propert�, Lender shall give <br /> Borrower notice ati the time�f ar prior to sE�ch an interior inspectian specifying such reasonable cause. <br /> $. Borro►nrer's Loan Appiication.�orrower�ha11 be in d�fault if, durin�the Lc�aii app�ication prc��;ess, <br /> Borro�ver or any persons�r entities acting at the direciion of Borro�er or w�th Bar���ver's l�Y�.owledge ar <br /> consent�ave materidlly fa1s�, misleadin�,�r inaccurate iiifortnati�n c�r�taternents tU Len�er(c�r fail�d tc� <br /> provide Lender wi�h material iilf�rmati���) in connect�on�vith the Loan. Vla.teriai xeprescr�tatioi��include, <br /> b��t ar�not�imitec�tc�,r�prGs�r�ta�iUi��L•oncernin��.3vrrc�wer's c�cc�zpa��cy c��the ��r�pc;rty a� �3�rrc��ver's <br /> pri��cipal residei�ce. <br /> 9. Prvtectionof Lender's�nterest in the Prop�rtyand�tightsllnder�his 5e�uri�y Ins�rumen�.rf <br /> (a}Borrower fa�ls to perform�h�co�enailts ar�d agreemerlts contain�d iYl this 5�curit�7ns�r�iment, (b} <br /> there �s a[egal proceeding that mighti signi�can��y affec�Lender's interest in the �'rap�l�y and�ar rights <br /> ��i�der this Se�urit�Ins�r�tmeflt(su�h as a proceeding�n ba��icruptcy,probate, for condernnatiol�or <br /> forfei�ure, far enfarcement�f a lren which may at�ain priarity ouer this Secu�ity�nstruir�ent or to enfarce <br /> �a�vs or regulatitins�, or�c} Borro��ver has abai�doned the �'roperty,th�n Le��der'�nay do and pay for <br /> whate�ver is reasot�able ar appropriate�o protect Lender's ii�terest in the �'ropel-ty and ri�hts under this <br /> �ecurity I�Ystrt��ne�lt, i�l�l��di�lg protectitag andlo�'assessin�the��a�ue ot the �'ropei�.y, and secr�ri��g atldlo� <br /> repairrng the Propei-�y. Le��der's actions can il�cludc, but a�e not �imited to: �a}payin�,ai�y srzms sec�ired <br /> FHA❑eed af Trust With MERS-NE 9l:3�1��1� <br /> Ba�kers Syst�m��'� VMP� VMf'4N(NE)(15Q�}.aQ <br /> WDItElTS�'CI[1W�1"FI�1�l�1CI�I S�N1CB5 Pag�8 of 17 <br /> �a3�s����o�� oz�� �os �sl� <br />