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<br /> 6. C]�cupancy. Borrower shall occupy, estab�ish, and use the Property as Borrower's principal
<br /> residence wi�hin GD days af�er the executi�n of this Security Ins�rumen� and shall continue fo occupy �he
<br /> Pro�erty as Borr�wer s pr�nc��al residence for at lea�t on� year aft�r the date of occupancy, unless
<br /> Lender otherwise agrees in writing� which consent sha�! not be unreas�nably wi�hh�ld, or uniess
<br /> extenuating circums�ances �xis�which are beyond Borrow�r's control.
<br /> 7. Pr�s�rvati�n, M��ntenan�� and �rotecfivr� �f th� �ra��rty; In�p���i�n�. Borrower shall not
<br /> destroy, damage or impair the Property, al�ow the Proper�y to de�eriorate ar cammi� waste on the
<br /> Property. 1111hether or no� Borrower is residing in the Property, Barrower sha�l maintain the Pro�erty in
<br /> order ta pre�ent the Prap�rty from de�eriorating or decreasing in va�ue due to its condition. Unless i� is
<br /> determined pursuant to Section � that re�air or r�storati�n is not economicalfy feasible, Barrower shall
<br /> prvm��ly repair the Property if damaged �o avoid further deterioration or damage, If insuranc� ar
<br /> �ondemnation proc�eds are paid in cannection with damage to, or �he taking of, �he Property, Borrawer
<br /> shall be responsible far repairing ar restoring �he Praperty only if Lender has released pr�ceeds far su�h
<br /> purposes. L�nder may disburse proceeds fvr �he repairs and restoration in a single paym�n# ar in a
<br /> s�ries vf pragress payments as the work is comple�ed, If�he insurance or condemnat�on proceeds are
<br /> n�� suff�cient tv re�a�� or res�ore �he Property, Borrower is n�t relieved of Borro�ver's oblig�tion for �he
<br /> c�m�letion of such repair or restoration,
<br /> Lender or i�s a�ent may make reasonable en�ries upan and inspection� �f the Property. if it has
<br /> reasonable cause, Lender may inspect �he interior af �he impro�ements on the Prvper�y, Lender shafl
<br /> gi�e Borrower notice a� �he time of or priar t� such an interior inspection specifying such reasonable
<br /> cause.
<br /> 8. Barrower's L.oan App�ication, Borrower shalf be in default if, during the Loan application
<br /> proc�ss, Borrawer or any persons or enfities acting a� the direc�ion of Borr�wer or wifh Borrvwer's
<br /> kn�wledg� or c�nsent ga�e ma��rially false, misleading, or inaccurate info�mati�n or sfatements to
<br /> Lender �or fa�led to provide Lend�� with materia� information} in c�nnection with �he L�an. Ma��riaf
<br /> repr�sentations include, �ut are nat limited �a, r�presentatians concerning Borrower's occupancy of the
<br /> Prop�r�y as Borrower's �rincipa� residence,
<br /> 9. Protectio� af L�nder's Interest �n fhe Property and Rights LJnder th�s S�curity �ns�rumenf.
<br /> If �a} Borrawer fai�s to perf�rm fhe co�enants and agreemenfs con�ained in this �ecurity Instrument, �b}
<br /> ther� is a legal proceeding that might significan�ly affect Lender�'s in�erest in �he Pr�perty andlar rights
<br /> under th�s Secur�ty Ir�strument �such as a proceeding in bankrup#cy, prob�te, for condemna���n or
<br /> forfeiture, for enforcem�nt of a [i�n which may a�tain priority v�er this 5e�uri�y instrument ar �o enforce
<br /> iaws or regula��ons}, or �c} Borrower has abandoned the Pr�per#y, then Lender may do and pay for
<br /> whatever is reasonable or appropriate to protec� Lender's in�e�est in the Property and rights under this
<br /> 5ecuri�y Instrument, including pr�tec�ing andlvr assessing the�afue of the Pr�perty, and secur�ing andlor
<br /> repairing the Prflperty. Lender"s actions can include, bu� are n�t �imited ta: �a} paying any sums s�cured
<br /> by a lien which has� priority ❑ver this S�curity Inst�ument; �b} appearing in cour�; and �c} paying
<br /> reason�bie attorneys fe�s �� pratect its inte�es� in �he Praper�y andlor rfghts under �h�s 5e�ur�ty
<br /> �nstrument; including its secured position in a bankruptcy proceeding. Securing �he Prv�er�y includes,
<br /> �ut �s n�� limited to, enter�ng the Property to mak� repa�rs, change locks, replace or �oar� up doors and
<br /> windflws, dra�n wa�er from pipes, eliminate buifd�ng or other code violat��ns or dangeraus condi���ns, and
<br /> ha�e utilit�es turn�d an or off, Although Lender may fake actian under this Sectian 9, L�nder does nof
<br /> ha�� �o do so and is not under any du�y or obfigation �o do so, It is agreed that Lender incurs r�o fia�il�ty
<br /> for na��aking any or aI! activns au�horized under�his 5e��ion 9.
<br /> Any amaunts disbursed by Lender under this Section 9 shall bec�m� ad�itional d�bt of Borrower
<br /> secured by t�is 5ecurity Instrum�nt. These amounts shall �ear interest at the Nvt� rate from �he�ate �f
<br /> disbursement and �ha�l be payable, with such in�erest, upan n��ice from �ender to Borrow�r �eques�ing
<br /> payment.
<br /> �f this Secur�fy Instrumen� is an a leasehold, Barrower shall com�ly wi�h all the provisi�ns of �he
<br /> lease. !f Borrower acquires fee title to the Praperty, the leasehold and the f�e title shalf nnt merge unless
<br /> Lender agr�es �o the merger in writing,
<br /> 'i�. Mortgage Insurance. If Lender required Mortg�ge Insuranc�as a condition of making the Loan,
<br /> Barrower shalf pay the premiums required �� maintain the Mortgage Insuranc� in effect, lf, for any
<br /> reason, the Mortgage lnsurance �overage required by Lender ceases �o b� availa�f� fram the mortgage
<br /> insurer that previously pro�ided such insurance and Borrower was required tn make separately
<br /> des�gnated payments toward the ��em�ums for Martgage In�urance, Bvrr�wer sha�l pay the prem�ums
<br /> required �o obtain coverage substantia�ly equivalent �o �he Mortgage Insurance pre�iously in effe�t, at a
<br /> cost substantially equi�a�en� t� �he cos��o Borrower of the Mortgage �nsurance previously in effect, from
<br /> an alternate mv�tgage insurer selected by Lend�r. If substantially equi�a�ent N��rtgage Insurance
<br /> co�erage �s not ava�lable, Borrawer shafl c�ntinue �o �ay to Len�er the amount �f the separately
<br /> designated paymenfs tha�w�re due when the insu�ance coverage ceased to be in effect,
<br /> � (page 6�f]2}
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