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2oa.oo19~4
<br />Vl iPBCA xana fl S112t386418
<br />residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent
<br />shall not be unreasonably withheld, or unless extenuating c'rrcumsthnces exist which are beyond Bprrawer's control.
<br />7. Proaonratbn, tWaintenertce and Protectlon of the Property; Inapactlona. Borrower shall not destroy,
<br />damage ar impair Ole Property, atknar the Property to deteriorate ar commit waste on the Prnperty. Whether ar not
<br />Borcower is residing in the Prnperty, Lorrower shall maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or
<br />restnwation is not economicafiy feasible, Borcovver shah promptly n~ir the Prnperty if damaged to avnki further
<br />deterioration or damage. If insurance or condemnation proceeds era paid in connection with damage to, or the taking
<br />of, the Property, Borrnwer shall be responsible for repairing or restoring the Property only it Lender has released
<br />proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is completed. ti the insurance ar eondemnatlon proceeds are not suOicient
<br />to repair or restore the Property, Borcower is not relieved of Borrower's obligation for the completion of such repair ar
<br />restoration.
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If k has reasonable cause,
<br />Lender may inspect the interior of the improvements on the Property. Lender shall give Borrower notice at the time of
<br />ar prior to suah an interior inspection specifying such reasonable cause.
<br />8. Bnrtawer'a Loan AppllcaHon. Borrower shall be in defautt'rf, during the Loan appficatian process, Borrower
<br />or any persons ar entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materiaNy
<br />false, misleading, ar inaccurate infonnatinn ar statements m lender (orfaiied W provide Lenderwith matarial information)
<br />in connection with the Loan. Material representations inc~de, but are not limited ta, representalinns concerning
<br />Bnrcawer's occupancy of the Property as Borrower's principal residence.
<br />9. Pr+ota~art of tander''s trrMreat W the Property and Rlghta Under H~ tsectuNy Frta6+tuaarrt. tf {a) Bartawar
<br />fails to perkxtn the covenants and agreements contained in th~ Security Instrutnertt, (b} there ~ s kr!gal proceeding that
<br />might sig~carttly affect Lertdar's interest in the Properly and/or rir~tris t this Beautify Instrument (rah as a
<br />prflceecting in bankruptcy, probate, far condemnation or forfeiture, for enforcement of a lien which may attain priority
<br />overthis Beautify Instrument arto enforce laws ar regulations}, ar (c) Borrower has abandoned the Property, then Lender
<br />may do and pay far whatever is reasonable ar appropriate to protect Lender's interest in the Property and rights under
<br />this Security Instrument, including pratectirx, f amt/ar assessing Ore vie afihe F§~operty, and securing and/or repairing
<br />the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a fien which has priority
<br />over this Security instrument; ro) appearing in court, and (c) paying reasonable attorneys' fees to protect its interest in
<br />the Property and/nr ricjhta under fl~ia 55curity Instrument, incfud"mg ib se~cur~f pgaHton in a bankruP~Y P9•
<br />Securing the Property includes, but is not limited to, en#ering the Property to make repairs, change lacks, replace ar
<br />board up doors and windows, drain water from pipes, eliminate building or other code violations ar dangeraias
<br />conditions, and have utilities fumed nn or off. Although Lender may tak® action under this Section 9, Lender does not
<br />have to do so and is not under any duty or ablgation to do sa. It is agreed chat Lender incurs no Lability for not taking
<br />any or ail actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security -nstrument. These amounts shalt bear interest at the Nate rate cram the date of disbursement and shall be
<br />payable, with such interest, upon nonce from Lender to Borcower requesting payment.
<br />1lthis Securely Instrument is on a leasehold, Harrower shall comply with all the provisions of the lease. Borrower shall
<br />not surrenderthe leasehold estataand interests herein conveyed arterminate ar cancel the ground lease. Barrowershafi
<br />not, without the express written consent of Lender, alter ar amend the ground lease. If Harrower acquires fee title to the
<br />Property, the kaasehold and the fee tilde shall not merge unless Lander agrees to the merger in writing.
<br />10. MorEOaga insurance: tFL,ender negwired Mortgage Insurance as a condrtinn of making the loan, Harrower shah
<br />pay the premiums required to maintain the Mortgage Insurance in effect. ff, for any reason, the Mortgage Insurance
<br />coverage required by lender ceases to be available tram the mortgage insurer that previously provided such insurance
<br />and Borcower was required to make separately designated payments toward the premiums for Mortgage Insurance,
<br />Bomovvar shall pay the premnnns required to ob~an coverage substantially equiva~nt to the Mortgage lnsuranca
<br />previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in
<br />effect, from an alternate mortgage insurer selected by t.,ander. !f substantaNy equivalent Mortgage Insurance coverage
<br />is not available, Borrower shat continue to pay to Lender the amount of the separately designated payments that were
<br />due when the insurance coverage cseased to be in effect. lender wHl accept, use and retain these payments as a non-
<br />refundable lass reserve in lieu of Mortgage insurance. suah loss reserve shall benon-refundable, notwithstanding the
<br />tact that the Laan is ultimately paid Gti full, and Lender shall not be required tp pay Harrower any intarest ar comings nn
<br />such loss reserve. Lender can no kmger require loss reserve payments if Mortgage Insurance coverage (in the amount
<br />and farthe period that lender requires) provided by an insurer selected by lender again becomes available, is obtained,
<br />and Lender' requrrss aety d~iarrated paymenrts tarowr+d the pRSamiutns tar fNc~rtpsge Ine~rrarroa.lt Lander rvstufred
<br />Mortgage hrsuranoe as a canditlon of making the Loan and Barcower was regained to make separately designated
<br />payments toward the premiums for Mortgage Insurance, Borrower shah pay the premiums required th maintain
<br />Mortgage Insurance in effect, or to provide anon-refundable loss reserve, until Lender's requirement for Mortgage
<br />Insurance ends in accordance with anywritten agreement between Horcower and lender providing far such termination
<br />or until termination is required by Applicable law. Nothing in this Section 10 affects Borrower's nbligatlan to pay interest
<br />at the rata provided in the Nate.
<br />Mortgage insurance reimburses Lender (ar any entity that purchases the Note) far certain losses it may incur 'rf
<br />Bvrcawer does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage Insurers evaluate their total risk on all such insurance in force from lime to time, and may enter into
<br />agreements with other parties that share ar modify their risk, ar reduce losses. Those agreements are nn tern}s and
<br />condilions that are safisiacfory to the mortgage insurer and the other party (ar party) to these agreercrerris. These
<br />agresmerrts may require the mortgage insurer to make payments using arty source ofiunds that the mortgage insurer
<br />may have available (which may include funds obtained tram Mortgage Msurtrutce premiums).
<br />As a result of these agreements, Lender, any purchaser of the nat+e, another insurer, any reinsurer, any other entity,
<br />or affilate of any of the foregoing, may receive (directly or w-dinactly) amounts that derive ftrorrr (or mightbecharacterized
<br />as) a portion of Borrower's payments far Mortgage Insurance, in exchange far sharing ar mndirying the mortgage
<br />insurer's risk, ar reducing losses. O suah agrearment provided that an affiliate of Lender takes a share of the insurer's
<br />t~BpASKA--Singre Femly--Fannr~ M~s~aara NA~e uNlr-orrr~l rrrs'rRUNtErfr Farm aoRS slat xnitiale s ~~~
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