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2� 17�2457 Borrower}under ali insurance poiicie�co�ering the Property, insofar as such rights are appii�able ta the ca�erage af the Property. Lender may use the insurance proceeds either tv repair or res�or�the Property or to pay amounts unpaid under the Note or this Security Instrurnent, whether or not then due. fi. �ccupancy. Borrower shall occupy, estabttsh, and use the Property as Borrower's principal residence within 60 days after the executian af this 5ecurity Instrument and sha�1 continue to occupy the Property as Borrower's principal residence for at least ane year af�er the date vf occupancy, unless Lender determines that this requirement shall cause undue hardship for the Barro�ver ar unless ex�enuating circumstances exist which are beyond Borrower's contrai. ?. Preser►�a#ion, Maintenance and Profectzon of the �raperty; Inspec#ions. Borrower shall not destroy, darnage or impair�he Property, allaw�h�PropeY-ty tn det�rYorate or cornmit�aste❑n the Froper�. Borrawer shall maintain the Property in arder to pre�en�the Property from de�eriorating ar decreasing in�alue due to i�s condition. Unless it is determined pursuant to Sec�ion 5 that repair or restoration is not ecanomically feasible, Borrower sha11 promptly repair the Property if damaged to a�oid further deteriorati�n ar damage. If insurance or condernna�i�n proceeds are paid in cannection with damage to the Property, Borrower shall be responsible fvr repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and res�oration in a single payrnent or in a series of pragress payrnents as the wark is campleted. If�he insurance or condemnation proceeds are no�sufficient to repair or restore the Property, Barrower is na� . relie�ed of Borrower's obligation for the completion of such repair or restoration. If candemnativn proceeds are paid in connection with the taking of the prvperty, Lender shall apply such pr�ceeds to the reduction of the indebtedness under the Note and this Security Instrumen�, first to any deiinquent amaunts, and then to payment of principal. Any application of the praceeds to the principal shall not extend or pastpane the due date of the monthly payments or change the amaunt�f such payments. Lender or its agent may make reasvnable en�ries upon and znspections of the Praperty. If it has reasonable cause, Lender rnay inspect the interiar of the irnpra�ements on the Property. Lender shall gi�e B�rrower notice at the time af or prior to such an interior inspection specifying such reasanable cause, $. Borrower's Laan Appiica#�an. Barrower shall be in default if, during the Laan application process, Borrawer or any persons or entities acting at the direction of Borrower or with Borrawer's knawiedge or consent ga�e ma�erially faise, rnisleading, or inaccurate informa�ion or statements to Lender �or failed to pro�ide Lender with material informa�ian}in connection with the Loan. Material representations include, but are not Zimited ta, representations concerning Borrower's oc�upancy af#he Property as Borrower's principal residence. 9. Prot�c�ion of Lender's Inferest in fhe Property and Rights Under this Securify jnstrument. If (a}Borrower fails to perform the�a�enants and agreements�ontained Zn this Security Instrument, (b� there is a legal proceeding that might s2gnificantly affec�Lender's interest in the Property andlor rights under this Security Instrument�such as a proceeding in bankruptc�, proba�e, for candemnation or forfeiture, for enforcement of a lien which may attain prior�ty o�er this Security Instrument or�o enf�rce �aws ar regulatians�, ar�c�B�rrower has abanda�ed�he Property, then Lender may do and pay for wha�e�er is reasonable or appropriate to pratect Lender's inter�st in the Property and rights under�his Securit}�Instrument, inciuding protecting andlor assessing the�alue af the Proper�, and securing andlor repairing the Property. Lender's actions can include, but are not Iimited ta: �a�paying an}�sums secured �345D4286 �p98779��2 FHA❑eed vf Trust With MERS-N� 913012a14 6ar�kers S stems'r'M VMP C� VMR4N(NE)�7 50fi).00 Wolters iC�uwer Financial 5ervices Page 8 of"[T