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201103823 uiioseos� �� 7, Preservation, Maintenance and Protection of the Property; Inspec[ions. Borrower shall not destroy; damage or • impair the Properiy, allow the Property to deteriorate or commit waste on tha Property. Whether or nat B orrower is resic}ing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreesing m value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoratioa is not ecomomically feasible, Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If'insurance or coademmation proceeds are paid in connection with damage to, or the talcing o� the Property, Borrower shall be responsible for repairing or restozing the Property anly if Lender has released proceeds for such purposes. Lender may disburse proceeds for the repairs and restorarion in a single payment or in a series of progress payments as the work is completed. If the insurance ar condemnation proceeds aze not sufficient to repair or restore the Properiy, Borrower is not relaeved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspectiotts of the Property. If it has reasonable cause, Lender may inspect tbe interior of the improvements on the Praperty. Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cavse. 8. Borrower's Loan Applieation. Borrower shall be in default i� during the Loan application process, Boaower or any persons or entities acting at the direction of Bonower or with Bonower's knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations coacerning Borrower's occupancy of the Property as Borrower's principel residence. � 9. Protectlon of Lender's Interest 1n the Property and Rfghts IInder thfs Secnrity Instrumen� If (a) Borrower faits to p�erform the covenants and agreements contained 'm this Security Instrument, (b) there is a legal praceeding that might significantly affect Lendei's interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Secnrity Instrument or to enforce laws or regulations), or (c) Bonower has abandoned the Property, then Lender may do and pay for whatever is reesonable or appropriate to protect Leader's interest in the Property and rights uader this Security Instrument, � includ'mg pmtectiag and/or assessing the valne ofthe Property, and securing and/or repairing the Property. Lendei's actions can include, but are not limited to: {a) paying any sums secured by a lien which has priarity over this Security Instrumen� (b) � appearing in court; aad (c) paying reasonable attomeys' fees to protect ita interest in the Property and/or rights under this ' Security Instrument, including its secured position in a bankruptcy proceediag. Sec�ring the Property includes, but is not limited to, entering the Property to make repairs, change locks. replace or board up doors and windows, drain wat6r from pipes, eliminttte building or other coile violations or dangerous conditiotts, and have utilities turned on or off. Althaugh Lender may take actzon under this Section 9, Lender does nat have to do so and is not under arry duty or obligatioa to do so. •It is agreed t�at Lender incurs no liabiIity for not taking any or all actians authorized under this Section 9. • Any amounts disbursed by Lender under this Section 9 shall become additional debt of Bonower aecured by this Security Instrument These amounts �hall bear interest at the Nobe rate from fihe date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment If this Security Instrument is oa a leasehold, Bonower shall comply with all the provisions of the lease. Borrower sha11 aot surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease. Boaower shall • not, without the express written cansent of Lender, alter ar amend the gronnd lease. If Borrower acquires fee title to the � Property, the Ieasehold aad the fee title shall not merge unless Lender agreea to the merger in writing• • 10. Mortgage Inaurance. If Lender required Mortgaga Insurance as a coadition of making the Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effec�. I� for any reason, the Mortgage Insurance covecage . reqvired by Lender cease�s to�be avaiiable from the mortgage insurer that previously provided such insurance and Borrower was . required to make separately designated paymenf,s toward the premiums for Mortgage Insurance; Bonrower shall pay the premiums required to obtain coverage substantzally equivalent to the•Moztgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance'previously in effect, from an alternate mortgage insurer selected iry Leader. If substantially equivalent Mortgage Insurance coverage is not availeble; Bonrower shall c�ntinue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effec� Lender will accept, use and retain these paymenix as a non-refundahle loss reserve ia lieu of Mortgage Insurance. Such loss reserve shali be non-refundable, notwithstanding the fact that the Laan ia ultimately paid in full, and Lender shall aot be required to pay Bonower any interest or earnings on such loss re'serve. Lender can ao longer require Ioss reserve payments if ' Martgage Insurance coverage (in the amount and foz the period that Leader requires) provided by an insurer aelected by Lender • NF.BI2ASZCA-Singlo Family--Fannie MaetFroddlo.Mac UNIFOItAI INSTRY)MENT • 4� 338.2 Paga 6 of• 12 • Form 30281/01 �� � � � � I