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2� 1 ��8387 <br /> Borrvwer} under a�l insuran�e po��c�es �overing fhe Property, insofar as such rxghts are applicabxe�a the <br /> coverage of the Property. Lender may use the insurance proceeds either to repa�r or restore �he Proper�y <br /> or�o pay amvunts unpa�d under the l��te �r thxs Security Instrumen�, �vhether or nvt then due. <br /> A <br /> �. �ccupancy. Borrov�rer shall occupy, es�a�lish, and use �he Properfy as Borrower's principa� residence <br /> vvithxn�D days a�fter�he �xecutxan of th�� S�c�rx��In�trument a�d shall cantxnue to occup�r�he Pr�per�y <br /> as �orrnwer's pr�ncipa�re��dence for a��e�s� �rie year after t�.� da�� of�ccupancy, unless Lender <br /> de�ermxne��ha�this requxr�m�nt shal� cause u�due hardship for the �vrxorwer or un�ess ex�enuating <br /> c�rc�rn.stances exist v�hiCh are �be�mnd��rro���r's c�n��o�. <br /> 7. Pre���ati�n, 11�la��n��nan��and Pro��t��� �f the Prapert�; Inspe��i�ns. Borrower shaXl nat <br /> destroy, damage�r imp�ir the �rop�rt�, �.��o�r��e Prap�rty�v de��r��rate or com.m�t was�� on�he <br /> Prop�rty. Borrower sha��n�ain�a�n the Praper��in�rd�r��pr�v����he P��perty fr�m�e�eri�rating vr <br /> decreasing�n va�ue due ���ts cvnditi��. ZJr��es��t�s d�termined pur��a��#o Section 5 that repaxr or <br /> re���r���on xs not ec�nom��a��y f�as�b�e, Bo�r��er s��al�pr�r�pf�y repa�ir the Pr�pert�if da�aged t� <br /> av�id furt�er de�er��ratxan or da.ma�e. ���n��.ranc:� �r cande�nna�ion proc��ds are paid in c�nnection <br /> �vith danr�age to the Pr�per�y, Borr�w�r sh��l be respon�ib�e for repaYr�ng�r res#orxng the Property only <br /> if Lend�r has re�eased proc�eds for such p�xrpo�e�. Y�e�.der r�ay dxsburse praceed�far th�repaars and <br /> res��ra�i�r�in a single payra�en�or in a series ��'pr�gres�pa�m.en�s a� �he vvark is �on�p�eted. If the <br /> i�suranc� �r condemn��ian p�rv��eds �r�����suf�cient����p�air or�estore the Prvp�r�y, Bvrro�crer is na� <br /> re�xev�d of Barrovver's obixgation for the �;�ampl�t�on of such repa�r or restora�ion. <br /> If candemnat�an proceeds are paid in�onnecti�n vv��h the tak�n�of the proper�y, Lend�r sha11 appXy such <br /> prviceeds �❑ the reduction �f the rnde�tedness undex��e N�te and�hi�S�curi�y Znstrumen�, firs�t❑any <br /> deXinquent amounts, and th�n �� paymen#vf princ�p�.�. Any a.pp�ic�ti�n vf the proceeds �a the prxncipal <br /> sha11 nat extend or postpone the due d�te �f th�month�y p�yrr�erit� �r change #he a�ount�f su�h <br /> payr�ent�. <br /> Lender or its agent may make reasnnab�e en�ries upan and��.spe��i��s of�he Pr�pert�. Zf it has <br /> r�asonabXe cause, JLender m�y ir�specf�he x�terior�f the impr�vements om t�e Propert�. L�n�er shall give <br /> Borr���r nv#i�e at the f��a.e of�r pr��r to s�x��a���.teri�r�nspec�ion speci�ring such reasonab�e ��use. <br /> �, B�rr�w�r's L�an Appli�ati�n. �orr�v�rer shaXl be in defauli if, during the Loan application pracess, <br /> ]Bvrr�v��r❑r any pers�ns ar e�tities a�ting at th� dir�c���r��f��rrov�er or�i�h Borrower's knowl�dge or <br /> ca�sent gave mater�ally false, m���ead�ng, o����acc����e �nf�rrna�i�n �r sta�err�ents t�Lender (or fagled tv <br /> pr��ride L��nder with a�n�teria�inf�rmat��n.} ��c�r�n��ti�n�ith the Lo�n. IVla�erxa�representati�ns x�clude, <br /> but are nat�i�r�.xted t�, repres����tions con��rn�mg ��rr�w�r'� o��upa�nncy of the P��perty as�orrower's <br /> princxpa�residence. <br /> 9. Ffiot�ct�on of Lender's Int�r�� �n �he �r�p�rty and R�gh�� Under th�s �ecurity In�trur�ent, If <br /> �a� Barrawer fai�s to p��far�n��e c��rena�n�s and ag�•eem.�n�� c���a�n�d in �h�s Se�urxty�nstrur�a.en�, �b� <br /> �h�re �s a�egal pr�ceed�ng�hat mxght si�n�fic��n��y a�fe�� Lend�r's�nteres���.the Property andlar r�ght� <br /> ur�der this 5�curity��stru�e�� ��u��as a p�•�ce�d�n��n�a�kr�xp�c�, pr�bate, fvr c�nd�mna#i�n ar <br /> f�rfex�ur�, for�aaforcem�nt�f a��en�hi�h m����taxn px�or��y vve�r�h��5e�uri�r�nst��nen�or t� ��.f���e <br /> ��ws �r reg�.�at�ons�, �r �c� �Qrrovver h�s aha�.�ane�.th��r�p�r�y, then L�nder rr�a�do and pa�f�r <br /> �vha��ever is reasonab���r appr�pria�e ��p�Q�ect L��d�r's �nt�res��� the�r�pe��y and rights under�his <br /> Securi��r Ins�runr��n�, �n��uding pr��e���ng a�dlvr a���,�s���g�h�va��e�f�h�Pr�pert�, and se�urxng andlor <br /> repairing t�e]Praperty. Lender's ac���ns ca�.incl�d�, bu�are not limited to: �a} p�yxn�any sum.s secured <br /> ���6D4447 ��9713D�3"1 <br /> FHA❑eed vf Trust With MERS-NE <br /> Bankers 5ystemsT^� VMP D VMP4N(NE�( a�6��� <br /> Wofters Kluw�r Financiaf 5er�i��s Page S of 17 <br />