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coverage, not
<br />standard mart;
<br />of loss if not made promptly byBorrov
<br />whether or not the underlying insuran<
<br />the restoration or repair is economical
<br />period, render shall have the right to
<br />Property to ensure the work has been c
<br />promptly. Lender may disburse proc
<br />payments as the work is completed. U
<br />for public adjusters, or off
<br />the sole obligation of Bon
<br />lessened, the insurance pr
<br />with the excess, if any, pa
<br />matters. If Borrower does
<br />to Borrower.
<br />2009-10900
<br />for damage to, or destruction of, the Property, such policy shall include a
<br />ter as mortgagee and/or as an additional loss payee.
<br />:ve prompt notice to the insurance carrier and Lender. Lender may make proof
<br />ess Lender and Borrower otherwise agree in writing, any insurance proceeds,
<br />equired by Lender, shall be applied to restoration or repair of the Property, if
<br />9e and Lender's security is not lessened. During such repair and restoration
<br />ch insurance proceeds until Lender has had an opportunity to inspect such
<br />for the repairs and restoration in a
<br />an agreement is made in writing or
<br />it be required to pay Borrower any
<br />twined by Borrower shall not he pat
<br />[oration or repair is not economic
<br />and settle the claim. The
<br />'car or earnings on such proceeds. Fees
<br />it of the insurance proceeds and shall be
<br />feasible or Lender's security would be
<br />itY Instrument, whether or not then due,
<br />I m the order provided for in Secti on 2.
<br />ny available insurance claim and related
<br />ie insurance carrier has offered to settle a
<br />gin when the notice is given. In either
<br />and (b) any other of Borrower's rights (other than the right o any refund of unearned premiums aid by Borrower) under all
<br />insurance policies covering the Property, insofar as such rights are applicable to the coverage The Property. Lender may
<br />use the insurance proceeds either in repair or restore the Property or to pay amounts unpaid under the Now or this Security
<br />Instrument, whether or not then due.
<br />6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within
<br />60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date
<br />of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br />extenuating circumstances exist which are beyond Borrower's control.
<br />7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy,
<br />damage or impair the Property, allow the Property to deteriorate or commit waste
<br />on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Propert in order to
<br />prevent the Property from deteriorating or decreasing m value due to its condition. Unless it is deterrmned pursuant to
<br />Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to
<br />avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the
<br />taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in a series
<br />of progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient to repair or
<br />restore the Property, 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. If it has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of or
<br />prior to such an interior 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 consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material
<br />information) in connection with the Loan. Material representations include, but are not l coned m, representations concerning
<br />9. Protection of Lender's Interest in the Property and Rid
<br />(a) Borrower fails to perform the covenants and agreements contained in
<br />proceeding that ntight significantiyaffectl antler's interest in the Properly an
<br />as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for el
<br />over this Security Instrument or m eNonce laws or regulations), or (c) Borro
<br />may do and pay for whatever is reasonable or appropnate to protect Lender':
<br />Security Instrument, including protecting and/or assessing the value of the
<br />Property. Lender's actions can include, but are not limited to: (a) paying any
<br />[his Secmity Instrumenp (b) appear ing in wort; and (c) paying reasonable
<br />Property and/or rights under this Secmity Instrument, including as secured pi
<br />the Property includes, but is not limited [o, entering the Property to make rep
<br />and windows, drain water frompipes, eliminate building or other code violam
<br />turned on or off. Although Len or may take action under this Section 9, Lenc
<br />duty or obligation to do so. It is agreed that Lender moms no liability for not
<br />Section 9.
<br />Under this Security Instrument. If
<br />iecurity Instrument, (b) there is a legal
<br />attorneys' fees to protect its interest in the
<br />sition in a bankruptcy proceeding. Securing
<br />ors, change locks, replace or board up doors
<br />as or dangerous conditions, and have utilities
<br />w does not have to do so and is not under any
<br />icing any or all actions authorized under this
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower seemed by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable,
<br />with such interest, upon notice from lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. IfBonower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan,
<br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />Insurance coverage required by Lender ceases to be available from the mortgage insurer that previously provided such
<br />insurance and Borrower was required to make separately designated payments toward the premiums for Mortgagehtsurance,
<br />Bort ower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously
<br />in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an
<br />alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available,
<br />Borrower shall continue in pay in lender the amount of the separately designated navments that were due when the, incnmore
<br />full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer
<br />require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
<br />provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated
<br />payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the
<br />Loan and Borrower was required in make separately designated payments toward the premiums for Mortgage Insurance,
<br />Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non - refundable loss
<br />reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement between
<br />Borrower and Lender providing for such temtinahon or until termination is required by Applicable Law. Nothing in this
<br />Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />NRRRASRA�ingle Family -- Fannie Ma ffreddie Mac UNIFORM 1NSTRUMRNT Form 3028 1 /01 (page 4 f8page.$)
<br />W54CV(V02) 1596535
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