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<br />when the notica is given. In aithar event, or if Lender acquires tha Proparty under Sect►on 22 or othervvise,
<br />Borrower hereby assigns to Lender (a) Borrower's rights to any insurance pracaeds in an amount not to exceed
<br />the amouu�s unpaid under the Note or this Sec�uity Instivmen� and {b) any other of Borrower's rigb.ts (other than
<br />the right to any refund of uneamed premiums paid by Bonower) under all insuranca policies covering the
<br />Proparty, msofar as such rights are apphcable to the coveraga of the Property. Lender may use the insurance
<br />proceads either to repair or restore the Property or to pay amounts unpaid under the Note or this Security
<br />Instrament, whether or not then due.
<br />6. Oecupancy, Borrower shall occupy, astablish, and use the Property as Bonower's principal
<br />rasidence withiu 60 days after tha axecution of this Security Inslrument and shall continue to occupy the Property
<br />as Borrower's principal residence for at least one year a�er the date of occupancy, unless Lender otherwise agrees
<br />in writing, wkuch consent shall not be unreasonably withheld, or unless extenuat�ng circumstances exist which are
<br />beyond Bonower's control.
<br />7. Preservation, Maintenance and Protection of the Pro�►erty; Inspections. Borrower shall not
<br />destroy, damage or impair the Properly, allow the Property to detenorate or co�it waste on the Properly.
<br />Whether or not Borrower �s residing in the Properiy, Borrower shall maintain the 1'roperty in order to prevent the
<br />Property from deteriorating or decreasing in valua due to its condition. Unless it is determined pursuant to
<br />Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if
<br />damaged to avoid fiuther deterioratian or dama.ge. If insurance or condemnation proceeds are paad in connection
<br />with damage to, or the taking o� the Property, Borrower shall be responsible for repairing ox restoring the
<br />Praperty only if Lender has released proceeds for such purposas. I,ender may disburse proceeds for the repaus
<br />and restoration in a single payment or �n a series of progress payments as tha work is completed ifthe insurance
<br />or condemnation proceeds are not sufficient to repair or restore tha Property, Borrower is not relieved of
<br />Borrowex's obligation for the completion of such repau� ar restoration.
<br />Lender or its agent may make re�sonable entries upon and inspections of the Property. If it has
<br />reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give
<br />Borrower natice at the time of or prior to such an intarior mspection specifying such reasonable causa.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application
<br />process, Borrower or any persons or entities acting at the dQection of Borrower ar with Borrower's lmowledge or
<br />consent gave materiall� fa3se, misleading, or inaccurate information or statements to Lender (or fail� to provide
<br />Lender with material informatton) in connection wit� tha Loan. Material represantations include, but aze not
<br />limited to, representaiaons concerning Bosower° s occupancy of the Property as Bonower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rig6ts Under this Secarity Instrument If
<br />(a) Borrower fails to perform the covenants and agxeements contained m this Secwity Ins�ument, (b) there is a
<br />legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Securiry
<br />Instr�mern (such as a proceeding in bankcuptcy, probate, for conde�ation or forfeiture, for enforcement of a lien
<br />which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has
<br />abandoned the Property, then Lender may do an,d pay for whatever is reasonable or ap�ropziate to protect
<br />Lender's interest in the �.'roperly and rights under this Sec�ity Instrument, including protecting and/or assessing
<br />the value of tha Property, and securing and/or repairing the Property. Lender's actions can include, but are not
<br />limited to: (a) paying any sums secured by a lien which has priority over this Security Instrumerrt; (b) appearing
<br />in cour� and (c) paying reasonable attorneys' f�s to protect rts interest in the Properly and/or rights under this
<br />Security Inshvment, including its secured position in abanl�uptcy proceeding. Securing the Properiy includes,
<br />but is not limited to, entering tha Property to make repairs, chxnge locks, replace or board up doors and windows,
<br />drain wate�r from pipes, eliminate building or other code violations or dangerous conditions, and have utilities
<br />t�rned on or off. Although Lender ma.y take action under this Section 9, Lender daes not have to do so snd is not
<br />under eny duty or obligation to do so. It �s agreed that Lender inc�s, no Iiability for not taking any or all actions
<br />authorized under this Section 9.
<br />Any amoimts disbursed by Lender under tlus Section 9 shall become additional debt of Boaower
<br />secured by this Security Instrument These amounts shall bear interest at the Note rate from the date of
<br />disbursement and shall be payable, with such interest, upon notice from Lender to Borrower rec7uesting payment.
<br />If this Security Instrument �s on a leasehold, Borrower shall comply with all the provisions of the lease.
<br />If Borrower acquires fea title to the Properiy, the leasehold and the fee title shall not merge vnless Lander agrees
<br />to tha merger iun writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the
<br />Loan, Borrower shall pay the premiums required to mauitain the Mortgage Insurance in effect. I� for any reason,
<br />�e Mortgage Insutance coverage required by Lender ceases to be available from tha mortgaga insurer that
<br />previously provided such insnrance and Borrower wes required to make saparately desi�nated payments toward
<br />the �remiums for Mortgaga Insurance, Borrowar shall paythe premiums requu�ed to obta�n coverage substantially
<br />equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to
<br />Borrower ofthe Mortgage Tnsuranca previously in effect, from an altemate mortgage insurer selectedby Lender.
<br />If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to
<br />Lender the amount of the separataly designated pa.ya�nts that were due when the insurance coverage ceased to be
<br />in effect. Lender will accep� use and retain these payments as a non-refimdable loss reserve in lieu ofMart,�a�e
<br />Insiu�ance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately pa�d m
<br />fiill, and Lander sha11 not be required to pay Borrower any interest or earnings on such loss resarve. Lender can
<br />no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that
<br />Lender reqwres)provided by sn u�surer selected by Lender again becomes available, is obtaumed, and Lender
<br />requires separately designated payments toward the premiums for Mortgage Insivance. If Lender required
<br />Mortgage Insurance as a condition of making the Loan and Barrower was raquired to make saparately designated
<br />paymeats toward the gramiwns for Mortgage Insuranca, Borrower shall pay tha premiums required to maintain
<br />Mortgage insurance in effect, or to provide a non-refundable loss reserve, until Lender's reqwrement for
<br />Mortgage Insurance ends in accordance with an�+ written agreemeo.t between Barrower and Lender provi� for
<br />such termination or until termination is reqwred by Applicable T.aw. Nothing in this Seetion 10 ects
<br />Borrower's obIigation to pay intarast at the rate provided in the Note.
<br />Mortgaga Insurance reimburses Lender (or any entity that purchases tha Note) for cartain lossas it �y
<br />incur if Borrower does not repay the Loan as agreed. Borrower is not a party to tha Mortgage Insurance.
<br />1VEBRA SKA—Single Family—Fennie Mae/�reddle Mac UNIFORM INS1TtUMENT (MERS� Form 30Z81/Ol (pa�e 5 of 9pagesJ
<br />12439.CV (9l1I) 4300102695 CreaHve Thtnlung, Inc.
<br />GOTO(003bed28}
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