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2� 17� 1 �� 1 Borrower}under a11 insurance polic�es co�ering the Property,insofar as such rights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this Security Instrument,whether or not then due. 6. �ccupancy.Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 6U days after the execution of this Security Instrument and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy,unless Lender determines that this requirement shall cause undue hardship for the Borrower or unless extenuating circumstances exist which are beyond Borro�er's coatrol. ?. Preservation,AAaintenanceand Protectionof the Property;Inspections.Borrower shall not destroy,damage or irnpair the Property,a�iow the Property to deteriorate or commit waste on the Property. Borrower shall mainta�n the Property in order to pre�ent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant#o Sect�on S tha�repair or restoration is not economically feasible,Borrower sha11 promptly repair the Praperty i f damaged to avaid further deterioration or damage. If insurance ar condemnation proceeds are pa�d in connection with damage to the Property,Borrower shali be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a seri�s of progress payments as th�vvork is completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property,Borrower is not relieved of Borrower's ob�igation for the completion of such repair or restoration. If condemnation proceeds are paid in connection with�he taking of the property,Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, fust to any delinquent amounts,and tben ta payment of principal.Any application of the praceeds to the principal sha11 not extend or postpone the due date of the month�y payments or change the amount of such payments. Lender or its agent may make reasonable entries upon and inspections of the Property.If it has reasonable cause,Lender may�nspect the interi�r of the impro�ements on the Property. Lender sha1�gi�e Borrower notice at the�ime of or prior to such an interior inspection specifyiag such reasonable cause. 8. Borrower's Loan ApplicatEon.Borrower shall be in defau�t if, during the Loan application process, Borrower or any persons or entities act�ng at the direction of Borrower or w�th Borrower's knowledge or consent gave materia�ly false, mi s��ad�ng,oc inaccurat�information ar sta.tements to Lender(or fai led to provide Lender with mat�rial information}in connection with the Loan. Material representations include, but are not limited to,representat�ans concerning Borrower's occupancy of the Property as Borrower's princ�pa�residence. 9. Protectionof Lender's�n#erest in the Propertyand R�ghts Under this Security Instrument.If �a}Barrower Fai�s to perform the covenants and agreements con.tained in this Security Instrument,(b} there is a�egal proceeding that might significantly affect Lender's interest in the Property andlor rights under this Security Instrument�such as a proceeding in bankruptcy,probate, for condemnation or forf`eiture, for enforcement of a lien which may attain priority o�er this Security Instrument or to enforce laws or regulations},or(c}Borrower has abandoned the Property,then Lender may do and pay for whate�er is reasonable or appropriate to protect Lender's interest�n the Property and rights under this Security Instrument, including protecting andlor assessing the�a1ue of the Property,and securing andlor repairing the Property. Lender's actions can Ynclude,but are not�imited to: (a}paying any sums secured FHA Deed of Trust With MERS-NE 9I3412414 Ba�ke�^s Systems�"" VMP� VMP4N(NE}(1546}.04 Wolters Kluwer Financia�5ervices Page 8 of 17 q�3367964�83 U�33 508 4817