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2� 1 ��7892 Borrower}under a�1 insurance polic�es co��ring the Property, insofar as such rights are appiicable to�he c�verage of the Property. Lender may use the insurance proceeds either to repair or res�ore the Property ar tn pay amounts unpaid under the Note or th�s Security Instrument,whether or not then due. C. �ccupan�y.Borrower shall occupy, establish, and use the Property as�orro�ver's principal residence within�6�days after the execution of this Security Instrument an�shall�ontinue t�occupy the Property as Borrower's principal residence for at�east one year after the date of occupancy,un��ss Lender d�termines that this requirement shall cause undue ha.rdship far the Borrower or unles��xtenua�ing cirGumstances exist which are beyond Borro�v�r's con�rol. ?. Pre�ervation,Mair�tenance ar�d Prvtection af the Prvp�rty;�nspections.Borrower sha11 not destroy,damage or impair the Property,a11ow the Pr�pert�to deteriorate or commit waste on the Praperty. Borrower shall maintain the Property in order ta prevent the Property from deteriora�ing or d�creasing in value due to its condition. Un�ess it is determined pursuant to Section 5 that repair or restoration is not economically feasible,Barrower sha��promp��y repair the Property if damaged to a��id further det�rioration or damage. If insurance or condemnation prflceeds ar�paid in�onnection vvith damage to the Property,Borrower sha11 be responsi�le for repairing or restor�ag the Property only if Lender has released praG�eds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a ser��s of progress payments as the�ork is completed. If�he insuranc�ar condemnation proce�ds are not sufficient to repa�r or restore th�Property,Borrower is no� re�ieved of�orrower's obligation for the completi�n of such repa�ar restoration. If candemnation praceeds ar�paid�a connection with the taking af the property,Lender sha�l apply such proceeds to the reduction of the it�debtedness under the Note and this Security Instrument, fi,rst to any delinquent am�unts,and then to payment of principat, Any app�ication of the pr�ceeds to the principal sha11 not extend or postpone the due date of the monthly payments or change the amount of such payments. Lender or its agent may make reasana�b�e entries upan�nd inspections of the Proper�y.If i�has reasona�ble cause, Lender may inspect the int�rio�of the improvements on the Property. Lender sha11 give Borrower notiee at the time of or prior to such an interior inspection specifying such reasonable cause. $. 8orrvwer's LoanApplication.Borrower sha11 be in default if, dur�ng the Loan application process, Borrower or any persons or entities acting at the direction of�orrow�r or tivith F3orrower's knowledge or cons�nt ga�e materially fa�se,mislea�t��ng,or inaccurate informatifln or statements to�,ent�er�ar failed t� provide Lender with material infarmat�on}in connectian�vith the Loan. Material representation�include, but are not limited to,representations concern�ng Borro�ver's aceupancy of the Property as Borrower's principal residence. 9. Prat�ctionof Lender`��nterest�n th� P'ropertyand Rights Under this Security fnstrument.If (a)Borrovver fails to perform the coveaants and agreements contained in this Se�urity Instrument,(b} there is a 1ega1 proceeding that might signif cant�y affect Lender's interest��.the Praperty andlor rights under this S�curity�nstrument(such as a proceeding ia bankruptcy,probate, far condemnation or forfeiture, for enforcement af a lien which may attain priori�y over th�s Security Instrument Qr to enf�rce laws or regulations),or(c}Barrower has abandoned the Property,then Lender may do and pay for whatever is reasonable or appropriate to pro�e�t Lend�r's interest in the Property and rights under this Security�nstrument, including proteeting an�.for assessing the value of the�'roperty,and s�cu.ring andfor repai.ring the Property. Lender's acti�ns can include,but are not l�mited to: �a)paying any�ums secured FHA❑eed of Trust With MERS-NE 913412d14 Bankers SystemsTN+ VMP CR7 VMP4N[NE)[15�fi}A4 iNolters Kluwer Fin�r�cial Ser►rices Page 8 of 17 q�33612948f5 0�33 443 �$17