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200901255 writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. . 7. Preservation, Maintenance and Protection of the Property; lDspedions. Borrower shall not destroy. damage or impair the Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property 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 Property if dantaged to avoid further deterioration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the takiDg of, the Property, 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 worlc. is completed. If the insurance or condemnation proceeds are not sufficient to repair or :resrore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable enbies 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 inspection specifying such reasonable cause. 8. Borrower's Loan Application. Borrower shall be in default i~ during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave matcrially false, misleading. or inaccurate information or statements to Lender (or failed to provide Lender with material information) in CQnnection with the Loan. Malerial representations include,. but are not limited to, represen1ltions concerning Borrower's occupancy of1he Property as Borrower's principal residence. 9. Protedion of LeDder's Interest ill tile Property ad Righis Under this Security IDStnuDent. If (a) Borrower fillls to perform the CQvenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate. for condemnation 01' forfeiture. for enforeement of a lien which may attain priority over this Security Instrument or to enforce laws or regulatiQns), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to prOtect Lender's inmrest in the Property and rights under this Security Instroment, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not limited to: (8) paying any sums secured by a lien which has priority over this .Security Instrument; (b) appearing in court; and (c) paying reasonable attomeys' fees to protect its interest in the Property andlor rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property 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. Lewiler does not have to do so and is not under any duty or obligation to do so. It is egreed. that Lender incms no liability for not taking any or all actions authorized under this Section 9. AIly amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower 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. If Borrower 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 Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to main~ the Mortgage Insurance in effect. If. for my reason, the Mortgage Insurance coverage required by Lend<< ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, BoJI'OWer shall pay the premiums required to obtain coverage substantially equivalent to the ~;:I::;;;;;;;;;~f~~~ * + 0 2 3 4 9 0 9 3 6 4 + 0 0 A D + 7 + 1 4 *