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<br />451020D93
<br />for at least one year aftcr the date of occupancy, unlcss Lcndcr othcrwisc agrecs in writing, which conscnt shall not be
<br />unreasonably withhcld, or unless extenuating circumstances exist which are beyond Borrower's cnntrol.
<br />7. Preservation, Mainkenance and ProteMion of the Pruperty; Inspections. Borrowcr shall not dcstroy, damage or
<br />impair thc Property, allow the Property to deteriorate or commit waste on the Property. Whether or not Borrower is residing in
<br />the Property, Borrower shall maintain thc Property in ordcr to prevcnt the Property from deteriorating or dccrcasing in value
<br />due to its condition. iJnless it is detern�ined pursuant to Section 5 that rcpair or restoration is not economically feasihle,
<br />Borrowcr shall promptly repair the Property if damaged to avoid further deterioration or danaage. If insurance or condemnation
<br />proceeds are paid in conncction with damage to, or the taking of; the Property, Borrower shall be responsible for rcpairing or
<br />restoring the Property only if I.ender has released proceeds for such purposcs. Laidcr may disbursc proceeds for the repairs
<br />and restoration in a single payment or in a series of pro�ress payments as the work is completed. if the insurance or
<br />condemnation proceeds arc not sufficicnt to rcpair or restorc thc Property, Borrnwer is not relievcd of Borrower's obligation for
<br />the completion of such repair or restoration.
<br />Lender or its agcnt may make reasonable entries upon and inspections of the Froperty. Tf it has reasonable causc,
<br />Lender may inspect lhe intcXior of thc improvcmcnts on thc Property. Lender shall give Borrower noticc at thc timc of or priar
<br />to such an intcrior inspection specifying such reasonable cause.
<br />$. Bprrower's I.oan Application. Borrowcr shall be in default if, during the Loan application proccss, Borrower or
<br />any persons or entities accing at the ditection of Borrower or with Borrowcr's knowledgc or conscnt gave materially false,
<br />misleading, pr inaccurate information or statcmcnts to Lcnder (or failed to provide Lender with matcrial information) in
<br />connection with the Loan. Material representations include, but arc not limitcd to, represcntations concerning Borrower's
<br />occupancy of the Property as $orrowcr's principal residcnce.
<br />9. Protection of Lender's interest in the Property and Rights Under this Security Instrument. If (a) �3orrower
<br />fails to per£om� the covcnants and agreements contained in this Security instrument, (b) there is a legal proceeding that might
<br />significantly affect Lender's interest in thc Property and/or rights under this Security Instrument (such as a procccding in
<br />bankruptcy, probatc, for condemnation or forfeiture, for enforcement of a lien which may attain prioricy over this Security
<br />Instrument or to enforce laws or regulations), or (c) Borrowcr has abandoned the Property, then Lender may do and pay for
<br />whatever is reasonablc 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 thc Property, and sccuring and/or repairing thc Property. Lcndcr's actions can
<br />'rnclude, but arc not limited to: (a) paying any sums secured by a lien which has priority over this Security Instrument; (b)
<br />appearing in court; and (c) ��aying reasonable attorneys' fces to protcct its interest in the Property and/or rights undcr this
<br />Security Tnstrumcnt, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
<br />limited to, entering the Prpperty to xnake repairs, changc locks, rcplacc or board up doors and windows, drain water from pipes,
<br />eli7ninate building or othcr code violations or dan�;erous conditions, and have utilities turned on or off. Although Lender may
<br />take action under this Section 9, Lender does not havc to do so and is not under any duty or obligation to do so. It is agrccd that
<br />Lender incurs no liability for not taking any or all actions authorized under this Section 9.
<br />Any amounts dasbursed by Lcndcr undcr this 5cction 9 shall become additional debt of Borrower secured by this
<br />Security Instrumcnt. These amounts shall bear interest at the Note rate from the datc of disburscment and shall be payable, with
<br />such interest, upon noNce frorn Lender to Borrowcr rcqucsting payment.
<br />If this Security Instniment is on a leasehold, Borrower shall coinply with all the provisions of the lease. Bottower
<br />shall not surrender the leasehold estate and interests hcrcin conveyed or terminate or cancel the ground lease. Borrowcr shall
<br />not, without thc cxpress written consenC of Lender, alter or amend the ground lcasc. If Borrowcr acquires fee title to the
<br />Property, fhe leasehold and the fcc title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortga�e Insurance. If Lender required Mortgage Insurancc as a condition of making thc Loan, Borrower shall
<br />pay the premiums rcquircd to maintain the Mortga�e Insurance in effect. �f for any reason, the Mortgage insurance coverage
<br />required by Lender ceases to be availablc from the mortgagc insurer that previously provided such insurance and Borrower was
<br />requircd to make separately designated payments toward the prcmiums for Mortgagc Insurancc, Borrower shall pay the
<br />premiums required to obtain covcragc substantially equivalent to the Mortgage insurance previously in effect, at a cost
<br />substantially equivalent to the cost to $ortower of the Mortgagc Insurancc prcviously in effect, from an altcrnate mortgage
<br />insurer selected by Lcndcr. If substantially equivalent Mortgage insurance coverage is not available, Borrower shall continue to
<br />pay to Lender the �mount of the separately designated payments that were due when the insurance coverage ceased to be in
<br />effect. Lender will accept, use and retain thcsc paymcnts as a non-refundable loss reserve in lieu pf Mortg�ge Insurancc. Such
<br />loss reserve shall be non-refundable, notwithstanding thc fact that the Loan is ultimately paid in full, and Lcndcr shall not be
<br />NF.RRASICA--Singlc Pamily--Fann3e Mac/Freddic Mac UNIFQItM IN5'1'ItUMF.NT
<br />+�+ 338.2 P�gc 6 uf 13 Form 3028 1/Ol
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