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2� 17�2�81 Iessened,the insurance pr�ceeds�hall he ap�Iie�first to the reduction of any indebtedness under a Se�ond I�ote an�i Secand S�Curity Instrument held by the Se�retary on the Pr4perty and then �o the redu�tion of the in�eb��dness under the Note and this Security Instrument�as described�n Paragraph I S}held by the Secretary on the Property an� then to the reduct�on of the indebtedness under the Nate and this Security Instrument. Any excess insurance praceeds o�er an amount req�ired to pay all outstanding indebt�dness under#h� N�te and this Security Instrument shail be paid ta t�he enti�y�egally entitled thereto. In the event o�forec�osure of this Securit}�Instr�ment or other transfer af�itle to�the Property that extinguishes the indebtedness,a��right,title and interest of Borrower in and ta insuranc��anlicies in forc�shall gass to th�purchaser. 4. Uccupan�y, Preservation, Maintenance and PratQ�tion of thQ Property; Borrower's Luan Applicatian; Leaseholds. Barrower shall occupy, establ�sh, and use �he Property as Borrower`s Principai Residen�e after the e�ecution of this Securiry Instrument and B�rrower�ar at ��ast�ne Bar�rower,if initia�ly more than one person are �orrawers} shal� cor�tix�ue to ac�upy the Praperty as Borr�wer's Principal Resicienc� for the term ❑f the Security Instrument. Borrnwer sha�� not commit waste or d�stroy,damage�r substantiaily change#he Property or allow the Praper�y to deteriorate, reasanable wear and tear excepted. Borrower sha�l alsa he in default if Barr�wer, during �he loan application pracess, ga�e ma�erially false ar inaccurate �nformaCion or s�atemen#s to Lender �ar fa�led ta pro�ide Lender with any material informati�n}in cannection with the Ioan e�idenced by the Note,including,but not l�mi�ed to, represer�tativns concer�ing B�rrov�rer's �ccupan�� of the �'roperty as a Princ�pal Res�denC�. If this Securil�y Ins�rument is on a�easehold,Borrower shall comp�y with the pravisions of the Iease.If Barrower acquire�fee title ta the Prop�rty,the leaseha�d and fee ti�1e shal�not b�m�r��d unless Lender agrees to�he merger in writing. 5. Charges fo Borrower and Prot��tion Qf Lender's RightS in the Prvperty. Barrower sha1� pay al� go�ernmenta�or municipal charges, fines and impositions that ar�not inc�uded in Paragraph 2. Barrower sha��pa}� thes�ohligatians on time dire�tly to the entity wh�ch is owe�l the payment. if failure to pay would ad�erse�y affect Lender's irtter�st in the Prop�rty, upan L�nder's request Borrower shall promptl�r furnish ta Ler�c�er receip�s �videncing these paymen�s. Borrower shall promptly discharge any lien which has priority �ver this Security Instrument in the manner provided in Paragraph 14{C}, If Borrower fail� to make th�se payments ar pay the pr�perty charges r�quired by Paragraph�, or fait5 to perf�rm any other covenants and agreements contained in this 5ecurity Instrument, or there is a Iegal proceeding �hat may significantly a�F�ct Lender's rights in the Pr�pe� tsuch as a proc�eding in banl�ru��cy, for candemnatian or to e�foree iaws or regulatians�,then Lender may do ar�d pay�vhatever is neces�ary ta protect t�e value�f the Pr�p�rty and I�ender's rights in the Property, including payment of proper�y taxes, hazar� insurance and ath�r i#emS mentioned ir�Paragraph 2. Ta protect�,ender's security in the Proper�y,Lender sha1l ad�ance and Gharge ta Borrower atl amounts due ta the Secretar�far tl�e�I�ior�gage Insuranc�Premium�"M�P"}as de�ined in th�Loan Agreement as well as all sums due ta the loan servicer f�r servicing activities ("S�rvicing Fe�"} as defin�� in �he L.flan Agreeme�t. An}� �m�ounts disbursed by Lender under this Paragraph shat�became an additionaZ debt of Borrow�r as prnvided�or in the L�an Agreement and shail be secured by this Security Instrument. �. Inspection. Lender ar its a,gent may enter on, inspec�t ar make appraisals of the Property in a reasonable manner and at reasona�le times prov�ded that Lender sha�t gi�e the Borrower notic� prior ta any inspection or appra�sal specifying a purpase for th� it�spection tir appraisa�l vvhich must be rela�ed ta I.ender's interes� in the Property. If the Properfiy is vacant or abandoned ar the loan is in default, Lender may take reasonab�e action t� �ne Re�erse Martgage,LLC Loan�rig�natar:Bruce�lsen Company-NMLS#:2U5�-Loan l�umber:3369956�73 Loan ariginator NMLS#:902398 �►Iebraska�lst M��SSecur#�y��.rt�ument{.4djustabre� �'age 3 nf 1� ��uy fJc�cs,LLC' �31d10�fli5 q�336995fi�73 �233 �38 D31'�