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<br />provided that such inspectian shall be undertaken paromptly. Lender may disburse proceeds for the repairs and
<br />restoration in a single paymenC or in a series of progress payments as the work is completed. Unless an agreement
<br />is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be
<br />required to pay Borrower any interest or earnings on such proceeds. Fe�s for public adjusters, or other third parties,
<br />retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrawer.
<br />If the restoration or repair is not economically feasible ar Lender's security would be lessened, the insurance proceeds
<br />shall be applied to the sums secured by this Security Instruznent, whether or not then due, with the excess, if any, paid
<br />to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2.
<br />If Bvrrower abandons the Property, Lender may file, negotiate and settle any available insurance claim and
<br />related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender rnay negatiate and settle the claim. The 30-day period will begin when the
<br />notice is given. Tn either event, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby
<br />assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid
<br />under the Note or this Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund
<br />of unearned premiums paid by Borrower) under all insurance policies covering tlae Property, insofar as such rights
<br />are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the
<br />Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />G. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence
<br />within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which
<br />consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's
<br />control.
<br />7. Preservation, Nlaintenance and P►rotection af the Froperty; Inspections. Borrower shall not destroy,
<br />damage or impair the Property, allaw the Property to deteriorate or commit waste on the Property. Whether oz' not
<br />Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is deternnined pursuant to Section 5 that repair or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to avoid further
<br />deterioration or damage. If insurance or condemnation proceeds aare paid in connection with damage to, or the taking
<br />of, the Property, Borrower shall be responsible for repairing or restoring the Property only if I,ender has released
<br />proceeds for such purposes. I.ender may disburse proceeds for the repairs and restocation in a single payment or in
<br />a series of progress payments as the work is completed. If the insurance or condemnatzon proceeds are not sufficienC
<br />to repair or restare the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair
<br />or restaration.
<br />Lender or its agent may rnake reasonable entries upon and iz�spections af the Property. If it has reasonable cause,
<br />Lender may inspect the interiar of the improvements on the Property. Lender shall give Borrower notice at the time
<br />of or 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 />Borrowe;r or any persons or entities acting at the direction of Borrower or wiCh Borrower's knowledge or consent gave
<br />materially false, misleading, or inaccurate information or statements to Lender (or failed tn prnvide L,ender with
<br />znaterial inforrnation) in connection with the Loan. Material representations include, but are not limited to,
<br />representations concerning Borrower's accupancy of the Property as Borrower's principal residence.
<br />9. I'rotection of Lender's lnterest in the Property and Rights Under this Security Instrument. Tf (a)
<br />Borrawer fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal
<br />proceeding that might significantly affect Lender's interest in the Property and/or rights under this Security Instrument
<br />(such as a proceeding in bankruptcy, probate, for condernnation or forfeiture, for enforcement of a lien which rnay
<br />attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the
<br />Property, then Lender may do and pay for whatever is reasonable or appropriate to protect I.ender's interest in the
<br />Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property,
<br />and securing and/or repairing the Prop�rty. L,ender's actions can include, but are not limited to: (a) paying any sums
<br />secured by a lien which has priocity over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its ianterest in the Property and/or rights under this Security Instrument, including its secured
<br />position in a bankruptcy proceeding. Securing the Praperty includes, but is not limited to, entering the Property ta
<br />rnake repairs, change locks, replace or board up doors and windows, drain water frorn pipes, eliminate building or
<br />other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action
<br />under this Section 9, Lender does not have to do sa and is not under any duty or abligatinn to do so. It is agreed that
<br />Lender incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Any anaounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and sha11 be
<br />payable, witk► such interest, upon notice from Lender to Borrower r�questing payment.
<br />If this Security Instrument is on a leasehald, Borrower shall comply with all the provisions of the lease.
<br />Borrower shal l not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease.
<br />Borrower shall not, without the express written consent of Lender, alter or amend the ground lease. If Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the rnerger
<br />in writing.
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of rnaking the Loan, Borrower
<br />shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />lnsurance coverage required by L,ender ceases to be available from the mortgage insurer that previously provided such
<br />NE6RA5KA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS
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