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201210451 for tl�c repairs and restoration in a single pAyment or in a e�ries of progress payments as 11�e�aork is completed. IP Lhe ineuranco or condatnnation proceeds are not enfflcient to rcpair oi restore the ProperCy, Borrower is not relieved of IIarirower's obligatioiT for t11e coinpletion oP snoh repair or restoration. Lender or its egent may make reasont�ble enh•icn upon aud inspections of the Proporty. [f iC has reasonable caxise, i,ender may inspect ilie interior of the imyrovements on the Pi°operry. Lender ahall give Borrowe�� notico at the fime of or prior to such an intei3or inspection specifying such reasonable cause. 8. Borrower's LAan ApplicaCion. Borrower shall be in dcfzailf if, duaing tl�e Loan applicaCion process, Rortowcr m any persous or entiYias acting af the direotion oP Borrowcr or with Borrower's knowledge or consen4 gavc tnaterially false, misleading, or inaccurate informntion or statcmet�ts to Lender(or failed to provide Lender wi(1i iiu�terial iufurmxLiuu)in uoiwection with the i,oen. MaYerial represenfations includc, but arc not limited to, representations coneerning Borrower's oocupnnoy of the Propecty as Borrower's prineipal reaidence. 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrament. If(a) Borrower faile to perform the covenanfs �nd agrccv�ents contained in this Security Instrnment, (b) therc is a legal proceeding that inight signlfieantly affect Lender'a in��est in tho Yroperty andlor rights under this Secutity lnstrument(sncli as a proceeding in bankruptcy, proUate, for oondemnation or forfeihixe, for enforconient of a licn which may�ttain priority over Uiis Security Insh•ument or to enforco laws or regiilntions), or (e) Brnrower h�s abaudoncd tl�c Property, tl�eu Lender may do and pay for whafever is reasonable or Appropriate to proteot Len�ier's uiCerest in the Propc�ty and rights under Uiis Security lneh�wnent, uicluding protecting and/or assessiug Yhe value of the Property, and secur�ng vicllor repturing lhe Proparlq. Lender's actions can include, but are not lnnited to: (�)paying auy sums secuxed by a licn which has priority over this Seeuri[y Insh�umenl; (b) app�ring is� court; and (c)paying reasonable attorneys' fees to protect itis interest iu the Property and/or rights under this Seourity Inetrum��t, including its secured poeiLion in a banlauptey�mcecciing. Securing tlie Property includae, but is not limited ho, enfering the Property to meke repaire, chnnge locics, re�laoe or board up doors nnd windows, drain tvttter &om pipes, eluninaCe builcling or ofher code violAtions or dangerous condition�, and l�titivo utilities tw�ned on or off. Although Lencler may tedce action under tlus Section 9, Lender does not have to do so and is not under any diity�or obligaEion ko dn Fo. It is agreed that l,ender incure no liability for not taking an}�or all �ctions aLiUiorized undar Cl�is Seotion 9. Airy amow�ts disbtused by l.ender under Uiis Section 9 shall beeome pddiGonal ciebt of Borrowu 9ecure�l by this Securily IneEnunent. The.se ui�oimts ehall l�car•intcrest at the Note xate fi•om the date of disbm aemcnt and shall l�e payAble, with snch interest, upon norice from Lender ta Borrower cequastiiag payment. If'this Sectuity Hish•ument is on a leasehold, Borrower shall comply with all tl�e proviaions of the lense. If Rorrower acquires fee title to the Property, the lezsehold and Yhe fe�fitle ahall noti inorgo wi1ess I,ender agree�Co the inergor iii writiing.. 10. M ortgage I nsuranee. IP Lendrn-requircd Mortgage insw ance as a condition oP mfllcing the Lonn, Borrower shall pay the premiums required to mnintain[he Mortgage Insuranco in efFect. If, for any reason, the Mortgage I�iswazice coverage requu�ed Uy Lender ceases to be available fmm tho mortgage insmer that previouslq provided such innw'ance and I�orrower was required Co make separntely deaigia�'ec1�ay�ncnte toward the prenvnms far Martgage Hisurance, Borrower ehall pay the preinitiuns requu•ed to obtain coverage subsCantially ecluivalent to Che Mortgage Insurance previoualy in effeoC, aS a coet substantially equivalent to Che cost Co Bon ower of Hic Mortgago fnsurance previously in effect, from an alternatie morCgngo insurer selectecl by Lender. If substentielly equivalenC Moregage Insurancc coverage is not availaUle, Borrower shnll 24002963 NF[3R4SKA-Sin�lc Family-Fannie Mae/FredAic Mac UNIFORM INSTRUA4 ENT form 3026 1701 Vld P(n� VM P6(NE)(1105) Wollars I(luwer Finanoinl Servicas Page 8 oi 17