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<br /> 7. Pre�ervation, Maintenance and Rr�tect�an of�he Prop�rty; lnspections. �orrower shall not des�ro�, ;� �
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<br /> damage or impair the P�ap�rty, al�ow the Property ta de�eriarate or cammit waste on�h�Praper�y. �hether or nat � ��
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<br /> Borrower is residin in#he Pro e , Borrower sha��mai�fiain�he Froperty in order to pr�vent the�roperty fram i� �
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<br /> deteriorating Qr decre�sing in�a�ue due ta its candxt�an. Unl�ss it is de�ermin�d pursuant to 5eeti�n 5 t�at repair � ��
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<br /> or restnra�ion is not ec�nomica��y f�asiUle,B�1�r�vver sha��promp�ly reparr the Property if damaged�o�v�id �=
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<br /> further deter�aratian or damag�.If xnsurance or candemnaiian proceeds are pa�d im connection w�th darna.ge to, '� E=
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<br /> or the�g o�th�Prop�rty, Banrawer shall be respansible far r�pairing ar re�orang �he Property only if Lender `�
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<br /> has releas�d pr��eeds far such purposes. Lender may disburse proeeeds for the�ep�rs an�rest�rat�on in a �=
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<br /> sixigl� payment ar in a serie� of�rogress payments as�th.e worl�is campleted. If the insurance or cor�d�mnation ;.
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<br /> �ro�eeds �re not suff�xen.�to repair or restore tlae Propert�r, Barrower is nat relieved of Barrov�rer's obligation far � ;-
<br /> th�completion of suc� repair or restaratian. � �
<br /> Lend�r or its agent rnay�ake reasonable en�ries upan and inspections af the Praperty. If it has reasona�Ie
<br /> cause, Lender may inspec� �ae interi�r of t�e �mpro�r�ments on��Property. Lender shall give Bonro�er not�ce at �
<br /> the�tune of or prior tv sueh an interiar ins�ection sp�cif�ing su�h r�asonable �ause. ! �,
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<br /> 8. �o�'r�w�t�s L��n Appfi�ation. Ba�ro�er shall be uy.d�fault if,during the Loan applicaiian process, B�rro�v�r � �
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<br /> ar any persons or�r�tities acting at�he di��ct�on �f Barrower or v�rith Barrower's kn�v�rledg� or�ans�nt gave ;
<br /> rnaterially fa.�se,�ni.sleading, or ina�curate infarmatian or sta�tements �o Lender�or fa�e��a provide Lend�r with '
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<br /> material�inf�rmatian�in cannection vvith the Loan.lV��terial representa.tion� zn�lude, bu�t are n�t limited to, ;
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<br /> r�presentat�ans can�erning ��rrawer's oceupancy of the Pr�perty as Bonrower's prin�xpa�r�sxdenGe. ; �
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<br /> 9. Protection af L�nder'� Interest �n the Prvp�rty and Rights Under this Security fnstrument. �f(a} �
<br /> Borrow��fa�s t�perforxn t�e covenants and agr�e�nents Gontain�d is�this Security �nstarument, �b��.here is a legal ; �
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<br /> rae�edin� that mx�ht sxgruficantly aff�ct Lender's interest in the �raper�r andlor r�ghts und�r t.�is Security � '-
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<br /> I n s t r u�n e n t �s u c h a s a pr��eedin b in bankru ptc y, �robate, far�ondemnation or forfeiture,f�r en�Corceme�.t of a !� �_
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<br /> lxen which may�ttai�n priority ��rer�his Securii��nstrument or ta er�or�� laws or regula�tions�, or�c�Bvrrower has k ;
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<br /> a�aandoned the Prap��ty, th�n Lender ma�do and pay fo�whatever is reasanable or apprapriate to protect � �
<br /> Lender's interest it�the Prapert�r and rig�ts rin�er this Security I��rumen�, including proteeti�g andlar assessing i �
<br /> the va�u�of the Properiy, and securing andlar repairang the Pr�perty, L�nder's aeti�ns ean inelu��, but are nat � �
<br /> Iimzted�o:��}PaYing any sums s�c�red �� a lien wh�c�i�a� priorit�o�er this Securit�r I�st�rument; (b}�pPearing ; '
<br /> �n caurt; �.n��c}paying r�asonable a�tarneys' fe�s ta pratec� i�s inter�st in�he Pr�pert� andlQr r�ghts un.dex this i ;
<br /> S�curity �nstrument, in�luding ifi�secured pasit�an i�a bankr��ptcy praceeding. Securing �he P�ra�erly includes, � �
<br /> bu�t is not li�axted ta,ent�ring the Praperty t�m�ke repairs, �hange locks,repiac�ar board up d�ors an�i �
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<br /> ❑vindows, drai.�wa�er�r�m pip��, eliminate bui�ding or ather cade vi��a�ians or d.angerous conditions, aad k�ave ;� �
<br /> u�i.li.�ies turned on or�ff.A.�though L�nder may tal�e act�on und�r this 5��t�an �,Lender do�s n4t have to d� sa �i ;
<br /> �nd is not under any dut� or ahligatron ta do so. �t xs agreed�hat Lender incurs no liabilit�far no�tak�ng any �r � '
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<br /> a1Z actians autharized under#�is �eeti4n 9. ` �
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<br /> Any am�r�nfs di�bursed by Lender under this �ect�on. g sha�i b�come a.d�x�x�nal debt �f�arro�wer s�cured by !:
<br /> tlus 5���.rity Instrument. Th�s� amaunts sha11 b�ar inter�s� a��he Nate rate fram the date vf d�sburs�ment and �� '
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<br /> shall he payab�e, vvi�h.su�h aaat�rest, upon notice fiam Lender to Borraw�r requ�s�g paymen�. �
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<br /> �f'�his S�cuxi� Lnstrument is on a 1e�s�h��d, Borravrre�r shall comp�y�rrith all the pr�visions af the �ease. Xf ; `
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<br /> Borrower ac�n�res fee�it�e�o the pro�erty, the leasehol� and the ��e titl�shall not m��rge u�ess Lender agrees t� i� ;
<br /> the merger i.n w�ri��ng. { ,
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<br /> 'f Q. Mor�g�ge Insurance. If�ender required Mo�tga�e �nsurance �s a condit�on of ma.king the Lo�n,Borrower , �
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<br /> sha�I pay the pr�miums required�a maintain t�i�Martgag� Insurance in effe��.Zf?far an��eason, the Mortgage ;i �
<br /> Insurance �ov�rag� r�quired b�I�ender ceases to be ava�ilabie from the mortgage u�surer that previo�.s�y ` �
<br /> provided su�� Ynsurance and Borrowe�was require�to mal�e separa�el� desi�nated pay�aents taward th� ;; '
<br /> premxwns f�r Mortgage Insurance, Barr��rer shall pay#h�prem�ums�equ�red�o obtain coverage su�stant�ally � �
<br /> ec�uivalen� �o the Martgage �nsuranc� prev�ausly �n effe�t, at a e�s� su�stantzally �qui�ral�n� to the cast to �
<br /> � Borrower of th�Mtirtgage Tua.surance previousXy in�ffect,from an alternate mortg�.ge insur�r selected by `
<br /> NESF�AASKA�ingl� Family�-Fannie MaelFre�die Mac UNIF�RM INSTRUMENT Fa�rn 3Q�8'1141 ,;
<br /> VMP� 11MP6{�1Ey �t3�2�.00
<br /> 1Nolters 14uwer Fnandal S�rvices Page 7 af�5 ,
<br /> �D��N�902'I D5�-�1403�fi
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