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2� 1 ��7217 Borrower}under al�inst�rance policies co�ering the Praperty,insofar as such rights are applicab�e to the co��rage of the Propert�r.Lender may use the insur�nc�proceeds�ither to repair or restore the Froperty or to pay amounts unpaid under the�Tote ar this Security Instrun�ent,whether or not then due. �. 4��up�n�y.$orrower shall occupy, establish, and use the Praperty as Borrawer's principai re�idence w�thin��days a�tet��.e e�ecutivn of t��s�ecur�ty Instrurnent and sh�.��cor�tinue tQ o�cupy the Property � as Borrow�r's principal residence for at least one year af�er th�date�f occupancy,ur��ess Lender determines that this requirement shall cause undue hardship for the Barrawer or untess extenuating crrcumstances ex�s��h�ch ar�beya�.d B�r�-a�ver's con�ro�. 7. Pres�r�ation,IlAa�ntenanceand Pratectian�f the Pr�perty;lnsp�ctions.Barrower sha11 n.ot de�troy,damage or impair the Property,allow the�roperty to det�riarate ar commit waste on the Property.�orr�w�r shall maint�in the Froperty in vrder to pre�ent th�Property fram deteriarat��g or � decreasing in�a�ue due to its condition.Uniess�t is determinecl pursuant to Section 5 that repair or restorat�on is n�t econornically feasible,Borro�er shal�pramptly repair the Fraperty if damaged to avvid fur�her deterioratio�.�r damage.�f insurance or condemnation proceeds are paid in cQnnection with damage to the Property,Borravver sha11 be responsible for repaixing or restoring�be PropeYt�y only if Lender has r�[eas�d prQceeds for such purpase�. Lender may disburse pr�ceed�for the repairs and restoration in a single payment or in a�eries of pro�res5 payments as the wark is comp�eted. If the insurance or condemnatian proceeds are not suffi�ient to repair ar re�tor�the Property,Borrower is not r�lieved of Borrower's obligat�on far the c�mpletiQn of such repair or rest�ration. � If condemnatian praceeds are paid in co�.nection with the taking af the property,Lender shal�appl�such proGeeds to the reduction af the ind�btedn�ss undex the Note and this Security�nstrum�nt,first�o any de�inqueat amounts,and th�n ta payment�f principa�.Any app��catz4n of the prviceeds tv th�pr�n��I sha11 nc�t extend or pos�pt�ne the due date of the manthly pa�ments or change�he amount of such payments, Lend�r or i�s agent may make reasanable entries upon and inspections of the prop�rty.If it has reasonable cause,Lender may inspeet the interior�f the improvements on the Property. Lender shall gi�e Borrower notice at the tim�of or prior to su�h an in�erior inspectian specifying such reasonable cause. 8. Borrower's Laan Application.Borrower sha�l be in defauit if, during the Loan application process, Borr��ver�r any p�r��ns or�ntities actin�at the directi�n of Borro�er or�vith Borrotiver's kno�rledge or consent ga�e materia�ly fatse,mis�eadYng,or xna�curate�nfot-ma��on or sta�err�ents tu L�nder(or fa��ed to prQuide Lender with material information}�n�on.necti�n with the i.oan,Material representations include, �ut are nat limit�d to,r�presentations concerning F3orro�ver's occupancy of the Property as Borrower's prir�c�pal residence. 9. Protectionof Lender's Interest in the Prapertyand F�ights Under this Security lns#rument.�f (a)Borro�ver faits to perform th�ca�renants and agreernents contained i�a this Security Ins�rument,�b� th�re is a�ega�proceeding that m�ght significantly affect Lender's interest in the�'ropert�andloar rights under this�ecurity Ins�rument�such as a proceeding ia bankruptcy,probate,far candemnation or forfe�ture,for enf�rcement of a lien which may attain prior�ty over this Security Instrurnent or to enforce laws or regulations},or(c}Borrativer has abandoned the Praperty,t�en Lender may da and pay far wha.�e�er is reasanab�e or apprapriate�o protect Lender's interes�in the Property and rights under this 5ecurity Instrument,in�luding pratecting andlor assessing the va�ue af the Property,and se�uring andlor � repairing the Property.Lender's actians can xnclude,but are not limited to:(a�paying any sums secured FHA Deed vf Trust Wit�MERS-NE ��Q�� Bankers Systems�+ VMP� VAAP4N�I►��}��5Dfi}.�4 Walters Kluwer Financial SeNiCes P�9�8 a�1� q4�3G27455�4 0��3 318 �817