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� 2� 17�287� Borr�wer}under alI insurance policies cavering the Proper�y, insofar as such rights are applicabie to the , coverage of fhe Froperty. L�nd�r may use the insurance proceeds either to repair or restvre the Propet�y ar ta pay amounts unpaid under the Note or this Securi�y Instrument, whether or not then due. 6. �CCuparlCy. Borrawer shall accupy, es�ablish, and use#he Property as Bvrrower's principal residence within�D days after the execu�ion of this 5ecurity Instrument and shall cantinue t�occupy the Property as Borrower's principal residenc�for at least one year after the date of oGcupancy, unless Lender de#�rrnine��hat thr�requirerne�t shall cause undue hard�hip for the Barrow�r ar unless extenuating circumstances exist which are beyond Borrower's contro�. 7. Prese�va#ian, AJ[aintenance and Rrot�c�ion of the Praperty; Inspec#ions. Borrower sha��not destray, damage or impair the Praperty, allow the Prop�rty to det�riorate or comrnit wast�an th� Praperty. Borrawer shall maintain the Praperty in order to pre�ent�he Property fram deteriarating or decreasing Yn�alue due to its candition. Unless it is determined pursuant to Sectiori 5 that repair ar restoration is no�economically feasible, B�rrower shall pramptly repair the Property if damaged tv a�oid further deterioration or damage. If insurance or condemnation proceeds are paid in cannection with damage to the Property, Borrower shall be responsible for repairing or restoring the Property onIy if Lender has released proceeds for such purposes, Lender rnay disburse proceeds fvr the repairs and restorativn in a single payment or in a series af progress payments as the work is compieted. If the insurance or condemnation proceeds are not suff cient to repair vr restore the Property, Bnrrower is nat reiie�ed af Borrower's obligation for the completian of such repair or restoration. If condemnatian praceeds are paid in connection with the taking af the property, Lender shall apply such proceeds to the reductian,af the indebtedness under the Note and this Security Instrument, f rst to any delinquent amounts, and then to payment of principal. Any application of the praceeds to the principal shal�not ex�end ar postpone�he due date af the mon�hly payments or change the amoun�of su�h payments. � Lender❑r its agent may rnake reasonable entries upnn and inspe�ti�ns of the Property. If it has reasonable cause, Lender rnay inspect the interior of the impro�emen�s on the Proper�y. Lender shall give Borrower notice a�the�ime�f or prior ta such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Appl'rcation. Borrovver shall be in defauit if, during the Loan applica�ion pracess, Borrawer or any persons or entities acting at the direction of Borrawer or with Borrower's knowledge ar consent ga�e materially fa�se, misleading, or inaccurate informatian or statements ta Lender�or failed to pr��ride Lender with material information�in cannection with the Loan. Material representations include, but are not Iimited to, representations concerning Borravver's occupancy of the Propert�as Barrovver's principai residence. 9. Protect�on of Lende�'s lnferest in the Proper�y and R�ghfs Under this Security lnstrumenf. If �a�Borrower fails�o perform the co�enants and agreemen�s contained in�his Security Ins�rument, �b} there is a legal proceeding that might signif�antly affect Lender's interes�in the Property andlor rights under this 5ecurity Instrument(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority o�er this Security Instrument or to enforce Iaws ar reguiations}, or�c�Barrower has abandoned the Prop�rty, then Lender may do and pay�`or whate�er is reasonable or appropriate�o protect Lender's interest in the Praperty and rights under�his Security Instrument, including protecting andlor assessing the�alue of the Praperty, and securing andlor repairing the Property. Lender's actions can inciude, but are no�limited tv: �a}paying any sums secured 236335174 Oa9883426� FHA�eed of Trust With MERS-NE 913Q1�0�4 Bankers 5ystems7M VMP� VMP4N(NE](9 5�fi�.�� Wolte�s ICluwer Financial 5en►ices Page 8 af'!7