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2� 17� 1289 Borrower}under all insurance policies co�ering the Property, insofar as such rights are applicable to the caverage of the Pr�perty. Lender may use the insuran�e proceeds either ta repair or restore the Proper�y or to pay amounts unpaid under the Note or this Security Instrurnen�,whether or no�then due. �. C3�cupan�y.Borrow�r shall occupy, establish, and use the Praperty as Borro�ver's principal residence within 6�days after the executian of this�ecurity Instrumeat and shall continue ta accupy the Property as Borr��er's principal residence for at least one year af�er the date of accupancy,unless L�nder determines that this requirement sha11 cau�e undue hardship for the Borrower or unless extenuating ci.r�umsta.nce5 exist�vhi�h ar�beyvnd�arra�ver's contro�. 7. Preservativn,hllaintenance and Pratection of the Praperty;Inspections.Barrower shall nat destroy,damage or impair the Property,a11aw�he Praperty to deteriora�e or commit waste on the Froperty.Borrow�r shall mainta�n the Property in order to prevent the Prvperty from deteriorating or decrea�ing in value du�to its con�ition.Unless it is deterrnined pursuant�o Sect��n 5 tha�repair or restoration is n�t ecanomicail�feasibl�,Sorrawer shalt promptly repau the Froperty if damag�d�a avoid further deterioration�r damage. If insurance or condemnation praceeds are paid in cannection with damage ta the Property,Bon�wer shall be responsible for repairing or r�staring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and rest�ration in a single�aymen�or in a series af progress payments as the wark is completed. If the insurance or condemnation proc�eds ar�not sufficient to repair or restore the property,Borr��rer is not reli�ved of Barraw�r's obligation for the completion of such repair or r�staration. If Gondemnation procee�s are paid in connec�ion wi�h the takin.g�f the property,Lender shall app�y such proceeds to the reduetian of the indebtedness under the Nate and this Security Instrument,first to any delinquent amounts,and�hen to payment af principal.Any application of the pr�ceeds to the principal sha11 not extend or po�tp�ne the due date of th�monthly payments or change the amount of such payments. Lender or��s agent may make reasonable entries up�n and inspections of the Property. If it has reasonable cause,Lender may inspect the interi�r of the improvem�nts on the Property. Lender shal�g�ve Barrower notice at xhe time of or prior to such an interior inspection specifying such reasanable cause. 8, 8orrovr►e�'s Loan Applicatian.Borrow�r sha11 be in defau�t if, during the L�an app�ication process, Borrawer or any person�ar entities acting at the direc�ian of Borro�ver or with�orr�wer's knowledge flr cons�nt gave materially fa�se,misleadiag,or inaccurate information or statements to Lender�or faiied to provide Lender with material infarmation}in connection wi�h the Laan.Mat�rial representations include, but are nat limited to,repre�entations cancerning Borrower's occupan�y of the Property as Borro�ver'� principal resi�ence. 9. �rotectionof Lender's Intsrest in the Propertyand RightsUnderthis Security Instrumen�.if (a}B�rrow�r faits to perform the co�eaants and agreements cantained in this Security Instrttment, �b} ther�is a legal proceeding that might significantly affect Lender's interest in�he Pr�perty andlor rights under this Security Instrument(such as a proeeeding in bankruptcy,probate,for�ondemnati�n or forfeiture,far enforcement of a lien which may attain priarity o�cr this Secur�i�y Iastrument or to enforce laws�r re�ulations),or�c)Bo�rower has aba�doned the Pr�p�rty,then Lender may d�and pay for whatever is reasonable or appropriate�o protect Lender's interest in the Property and rights under this Security Instrument, inc�uding protecting andlor assessing�he value of the PrQperCy,and securing andlor repairing the Praperty.Lender`s actions can include,�ut are not limited to: (a}paying any sums secured FHA Deed af Trust With MERS-NE 9/34/2014 Bankers SystemsTM VMP� VMP�N�NE)(1545},Q� Wolters Kluwer Finar�cial Services Page 8 of 17 q� 374 338 �Z 9 �817