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201206544 451208039 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower sha11 not destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Bonower is residing in the Property, Borrower shall maintain the Properiy in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Propetty if damaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Properiy, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. Tf the ittsurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Bonower's obligation for the completion of such repair or restoration. Lettder or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspecrion specifying such reasonable cause. S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Bonower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially fxlse, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connecrion with the Loan. Material representarions include, but are not limited to, representations concerning Borrower's occupancy of the Property as Boaower's principal residence. 9. Protection of Lender's Interest in the Property and Rig6ts Under this Security Instrumen� If (a) Borrower fails to perForm the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest itt the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Bortower has abandoned the Property, then Lender may do and pa_y for whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Ittstrument, including protecting aad/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority over this Security Insttument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Properry and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Secwing the Properiy includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Bonower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease. Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Bortower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insarance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any NEB1tASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � 338.8 Page 7 of 14 Form 30281/Ol