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201008945
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<br />7. Preaervatlon, Maintenance �nd Protection of the Property; Inspectlons. Borrawer shall not destroy, damage or
<br />irnpair the Property, a11ow thc Property to deteriorate or commit waste on the Froperty. Whether or not Bonower is residing in
<br />the Property, Bonower shall maintain thc Property in order to prevent the Property from deteriorating or decreasing in value
<br />due to its condition. Unless it is dctermined pursuant to Section 5 that repair or restoration is not economically feasible,
<br />Borrower shall promptly repair the Praperty if damaged to avoid further deterioration or damage. If insurance dr eondemnation
<br />pxoceeds are paid in connection with damage to, or the taking of; the Property, Borrower shall be responsible for repairing or
<br />restoxing the Froperty only if Lendcr has released proceeds for such purposes. Lender may disburse proceeds for the repairs
<br />and restoration in a singlc payament nt in a series of progress payments as thc work is completed. If the insurance nr
<br />candemnation proceeds are not sufficient to repair ar restore the Property, Borrower is not relieved nf Borrower's nbligativn for
<br />the completion of such repair or restoration.
<br />Lendec or its agent may make reasonable entries upon and inspections aF the Properry. If it has reasonable cause,
<br />Lender may inspect t�e interior of the improvements on the Property. Lender shall give Borro.wer natice at the rimc of or prior
<br />ta such an inte�or inspectioa specifying such reasonable cause.
<br />8. Burrower's Loan Applic�tion. Barrower shall be in default if, during th� Loan application process, Borrower or
<br />any persons or entities acting at the direction of $orrower or with Bqnawer's knowledge ar consent gave materially faise,
<br />misleading, or inaccurate information or statements to Lender {or failed to provide Lender with material infarmatian) in
<br />connection with the Loan. Material representatians include, but are not liraited to, representations concerning Borrower's
<br />accupancy of the Property as Borrowcr's principal residence.
<br />9. Pwotection. of Lender's interest 3n the Property and Rights Under thi� Security Instrument. If (a) Borrower
<br />fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might
<br />signi�cantly affect Lendcr's interest in the Property and/or rights under this Security Instrument (such as a proceeding in
<br />bankruptcy, probate, for candemnation or forfeiture, for enforcement of a lien which may attain priority over this Security
<br />Instrument or to cnforce laws or regulations), or (c) Sonower has abandnned the Property, then Lender may dn and pay for
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,
<br />including protecting and/or assessing the value of the Property, and securing ancUnr repairing the Properiy. Lender's actions can
<br />include, but are not limited to: (a) paying any surns secured by a li�n which has priority pver this Security Instrument; (b)
<br />appearing in court; and (c) payin� reasonable attarncys' fees tq protect its interest in the Properiy and/or rights under this
<br />Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
<br />limited ta, entering the Propsrty to make repairs, change locks, replace or bqard up doors and windaws, drain water fram pipes,
<br />eliininats building or other cade violations or dangerous conditions, and have utilities turned on or off. Although Lcnder may
<br />take action undsr this Sectian 9, Lender daes not have W do so and is not undcr any duty or obligation 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 amounts disbursed by Lcnder under this Section 9 shall become additional debt of Borrawsr secured by this
<br />5ecurity Instiument. Thesc amounts shall bear interest at thc Nare rate from the date of disburscment and shall be payable, with
<br />such interest, upon notice from Lender to Borrawer requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shalt comply with all the pravisions af thc lease. Borrawer
<br />shall not surrender the leasehold estate and interests herein ennvcyed ar terminate or cancel the ground leas�. Barrower shall
<br />nat, without the express written cpnsent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the
<br />Aroperty, the leasehold and the fec title shall not merge unless Lender agrees to the mergcr in writing.
<br />I.O. Martgage Insarance. If I.ender required Mprtgage Insurance as a candition of making the Laan, Borrower shall
<br />pay the premiums requircd to raaintain the Mortgage Insurance in effect. If, for a,ny reason; the Mortgage Tnsurance coverage
<br />required by Lender ceases W be available fram the rnortgage insurer that previously provided such insurance and Borrowcr was
<br />required to make separately designated payments toward the pxemiums for Mortgage Insurance, Borrower shall pay the
<br />premiums required to obtain coverage substantially equival�nt to the Mortgage Insurance previausly in effect, at a coat
<br />substantially equivalent to the cost tp Borrower of the Mortgage Insuranoe previously in effect, from an alternate martgage
<br />insurer selected by Lender. If substantially equivalent Mortgagc Insurax�ce coverage is not available, Borrowcr shall cnntinue to
<br />pay ta Lender the amount of the separately dasignated payments that were due when the insurance caverage ceased to be in
<br />effect. Lender will accept, use and retain these payrn�nts as a non-refundable loss reserve in licu of Mortgage Insurance. Such
<br />loss rEServe shall be nvn-refundable, natwithstanding the fact that the Loan is ultimately paid in full, and I,ender shall nat be
<br />required to pay Sonower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if
<br />Mortgage Insurance coverage (in khe amount and for the period that Lender requires) provided by an insurer selected by Lender
<br />NEBRA3ICA--Single Family--Fannie MaelFreddle Mac UIVCFORM INSTRUMENT
<br />49 338.2 Page 6 of 12
<br />Form 30281/Ol
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