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<br />are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restore the
<br />Property or Co pay amounts unpaid under the Note or this Security Instrument, whether or not then due.
<br />6. 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 ta accupy the Property as Borrower's
<br />principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in rwriting, which
<br />cansent shall not be unreasonably withheld, or unless extenuating circunnstances exist which are beyond Borrower's
<br />cantrol .
<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 cominit waste on the Property. Whether or not
<br />Borrower is residing in the Property, Borrower shall maintain the 1'roperty in order to prevent the Property from
<br />deteriorating or decreasing in value due to its condition. Unless it is deternuned pursuant to Section 5 that repair or
<br />restoration is not econornically feasible, Borrower shall promptly repair the Property if darnaged to avoid further
<br />deterioration or damage. If insurance ar condemnation proceeds are paid in connection with damage to, ar 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. Lender may disburse proceeds fpr the repairs and restoration in a single payment or in
<br />a series of progress payments as the work is completed. If the insurance or condemnation proceeds are nat sufficient
<br />to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of such repair
<br />or restoration.
<br />Lender or its agent may make reasonable entries upan and inspections of the Property. If it has reasonable cause,
<br />Lender rnay inspect the interior of the improvements on the Property. L,�nder shall give Borrower natice at the time
<br />of or prior to such an interiar inspection specifying such reasonable cause.
<br />$. Borrower's Loan Application, Barrower shall be in default if, during the I.oan 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, rnisleading, or inaccurate information or statements to Lender (or failed to provide Lender with
<br />material information) in connection with the Loan. Material representations include, but aze not limited to,
<br />representations concerning Borrower's occupancy of the Property as Borrower's principal residence.
<br />9. �rotection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a)
<br />Borrower 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 Instruunent
<br />(such as a proceeding in bankruptcy, probate, far condernnation or forfeiture, for enforcement of a lien which may
<br />attain priority over this Security Instrument or to enforce laws or regulations), or (c) Bprrower has abandoned the
<br />Property, then L.ender may do and pay for whatever is reasonable or appropriate to prptect Lender'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 Property. Lender's actions can include, but are not limited to: (a) paying any sums
<br />secured by a lien which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />attorneys' fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured
<br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to
<br />make xepairs, change locks, replace or board up doors and windows, drain water fram pipes, elirninate building or
<br />other code vinlatians ar 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 so and is not under 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 Lender under this Section 9 shall become additional debt of Borrower secured by this
<br />Security Instrument. These amaunts shall bear interest at the Note rate from the date of disbursernent and shall be
<br />payable, with such interest, upan notice from Lender to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold, Borrower shall cornply with all the provisions of the lease.
<br />Borrawer shall nat surrender the leasehold estate and interests herein conveyed or ternunate or cancel the ground lease.
<br />Borrower shall not, without the express written consent of L,ender, 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 />lQ. Mortgage Insurance. If L,�nder required Mortgage Insurance as a condition of making the Loan, Borrower
<br />shall pay the prerniums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />Insurance coverage required by I,ender ceases to be available from the mortgage insurer that previously provided such
<br />insurance and Borrower was required to make separately designated payrnents toward the premiums for Mortgage
<br />Insurance, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage
<br />Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Martgage Insurance
<br />previpusly in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br />Insurance coverage is not available, Borrower shall conCinue to pay to Lender the arnount of the separately designated
<br />payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />payrnents as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable,
<br />notwitl�standing the fact that the Loan is ultimately paid in full, and Lender sh�ll nat be required to pay Borrower any
<br />interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance
<br />coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again
<br />becornes available, is obtained, and Lender requires separately designated payments toward the premiums for
<br />Mortgage Insurance. Tf I,.ender required Martgage Insurance as a condition of making the Loan and Borrower was
<br />required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay
<br />the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until
<br />Lender's requirennent for Mortgage Insurance ends in accordance with any written agreement between Borrower and
<br />Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DOCMdgiC � 800-649-t362
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