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2� 17��2�5 Borra�ver}under a�I insu�ance p��icies cavering the Property, insofar as such rights are applicable ta the caverage of the Praperty. Lender may use the insurance pro�eeds either to repair or restare the Property �r to pa�an��unts�npaid under the I�o�e ar�his Security Instrument,whe�her or not then due. fi. ��cupancy.Borrower shall aecupy, estabtish, and use the Property as Barrower's principal residence within��a}�s after t�e execution of this Security Instrument and shall continue to occupy the Property as Borro�ver's��incipa�resider�ce fof at�eas�one year af�er th�date of occupancy,unl�ss Lend�r determines that this r��uir�ment shali�ause u�due h�rdship for th�Bo�r�wer or un�ess ex�enuating circurnstances exi�t which are beyond Barrawer's cantrol. �, Preservation,Maintenan��and Protect�onof the Praperty;�nsp�ctivns.B�rro�v�r shall nat destroy,damage or impair the Prop�rty,atlow th�e Property to deteriorate a�cornn�it v�as�e on t�ae Property. BorrQw�r shaxi maintain the F'raperty in arder to pr�v�nt the Prop�rty from det�eriarating or decreasing in va�ue due tv its eonditian.Unless it is d�texmined pursuant to Seetian 5 that r�pair or re�tora��on is n�t ecanomically f�asible,Borrower sha�l prompt�y repair th�Praperty zf damaged to avaid fur�her deterioration or damage. �f r�surance or condemnat�on proce�ds are pai�in connection v�i�h darnage to the Property,Barrawer shall be responsible far repairing or restoring the property anly xf Lender h�,s re�eased proceeds for such pur�oses. Le�.der may disburse proceecls for the repairs and restoration in a sin�gle payment or ir�a series af progr�ss pay�nents a�the work is can��ieted. �f the insurance or cand�mnat�on pr�ceeds are not sufficient to repair or rest�re the Pr�pez�y,Barrower is no� relieved of Borro�er's�bligatian for the comp�etion of such repaiar or restoration. If condemnation proceeds are paid in connection with th�taking�f the�roper�y,�ender sha�l apply such . proceeds to�he reduction of the indebtedness under the Note and this Security Instrument,first to any delinquent amaun�s,and then�o paym.ent�f princ�pal.Any appl�cation of th�proeeeds to the principa� s1�a1�not extend or pastpone the due date of the manth�y payments or chang�the amount of�uch �aymen�s, Lender or its a�ent may make reasonable entries upor�and inspectians of the Property. If it has reasona�l��ause,L�ader may inspect the interior of the improvements on the Property. I�eader shal�give $orrower not�ce at the time af or prior�a such an�nterior inspectio�specifying such reasonab��cause. 8. Borrower's L�an Appl�ca��on.Borrower shali b�in default�f, de�ring the Laan application process, Borrawer or any persons or entitie�acting a�t�ae direc�ion af Borrower or w�th Borrower's knowiedg�or consent ga.v�n�atefia�ly fatse,misleading,or inac;cura�e information or statem�nts to Lender�or failed to provide Lend�r v�rith materia��nfQrrnation}in connecti�n wi�h the Loan,ll�iaterial r�pre�entatY�ns inc�ude, but are not limited to,representation�concerning Borrower's��cupancy of the Property as B�rrower's principa�residen�e. 9. Pr��ectionc�f Lendsr's[nt�arest in the Prop�rtyan�R�ghtsUnderthi�Secur�ty Instrum�nt.If (a}Barro�uer fails to perfarm the covenant�a�nd agreernents��ntaine�in this�ecur��r Instrument,�b� there is a legal proceedin�tha�might significantly affect Lender's interest in the Property andlor rights under this Securi�r Ins�rument�su�h as a pr�ceeding i�bankruptcy,pro�ate, f�r�ondem�ation or forfeiture, for enforcement of a lien�vhich ma�attain priority over thxs Security Instrument or ta enforce Iaws or regulations},o�(c)Borra�ver ha�abandaned the Frope�ty,then L�nder may do a�nd pay for whatever is reasonab��o�app�opriate to pratect Lendef's�nterest in the Prop�rty an�r�ght�under this Security Instrument, in�lud�n�prot�eting ar�d�ar assessing th�value af�he Proper�y,and�ec�rin�andlor repairing the Praperty.Lender's actions can�nclude,but are n�t Iimited ta: (a�paying any sums secured FHA d�ed a�Trust With MERS-NE 913�12494 Banksrs SystemsTM VMF�� VMR4N(NE}(i 5�63.Od Vllolters Kluwer FEnanciat Secrnces Page 8 of 17 q�3363 435 3 OZ3 � 4$17