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<br />for the repairs and restoration in a single payment or in a series of progress payments as the work is
<br />completed. If the insurance or condemnation proceeds are not. sufficient to repair or restore the Property,
<br />Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. Ifil has reasonable
<br />cause, Lender may inspect the interior of (he improvements on the Property. Lender shall give Borrower
<br />notice at the time of or prior to such an iriterior inspection specifying such reasonable cause,
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process,
<br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or
<br />consent gave materially false, misleading, or inaccurate information or staictrorts to Lender (or failed to
<br />provide Lender with material information) in connection with the Loan, Material representations include, but
<br />are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal
<br />residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a)
<br />Borrower fails to perform the covenants and agreements Qointained in this Security Instrument, (b) there is a
<br />legal proceeding that might Significantly affect Lender's interest in the Property and/or rights under this
<br />Security Instrument (.such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or
<br />regulations), or (c) Borrower has abandoned the Property, their Lender may do and pay for whatever is
<br />reasonable or appropriaue to protect Lender's interest in the Property and rights under this Security
<br />Instrument, imtriding protecting and/or assessing the value of [lie Property, and securing and/or repairing
<br />the Property. Lender's actions can include, but are nol, limited to: (a) paying any surns scuured by a lien
<br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys'
<br />fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
<br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the
<br />Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes,
<br />eliminate building or other code violations or dangerous conditions, and have utilities turned on or off.
<br />Although Lender may take action under this Section 9, Leader does not have to do so and is not under any
<br />duty or obligation to do so. It is agreed Oiat Lender incurs no liability for not taking any or all actions
<br />authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by
<br />this Security Instrument. Those amounts shall bear interest at the Note rate from [he date of disbursement
<br />and shall be payable, with such interest, upon notice from LQndcr (o BorrowQr requesting payment.
<br />If this Security Instrument is on a leasetiold, Borrower shall comply with all the provisions of the lease. If
<br />Borrower acquires fee title to the Property, the leasolaild and the fee title shall not merge unIvss Leader
<br />agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making [he Loan, Borrower
<br />shall pay the premiums required to maintain the Mortgage. Insurance in effect. If, for any reason, the
<br />Mortgage Insurance coverage required by Lender ceases to be available front the mortgage insurer that
<br />previously provided such insurance and Borrower was required to make separinely designated payments
<br />toward (he premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain coverage
<br />substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to
<br />the cost to Borrower of the Mortgage Insurance previously in effect, frorn an alternate mortgage insurer
<br />selcowd by Leader. If substantially equivalent Mortgage Insurunce coverage is not available, Borrower shall
<br />24001603
<br />NrSnAS1<A-Si,I. Fe ... Iy-F.r,ui. M../F,.ddl. M�, JNIFQRM INSTRUMENT F., un 30 28 1101
<br />VMP 8 v A PO (NEI 0 10 6)
<br />Wolters Kluwer Finanuiel Servioc, "', 8 ei 17
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