Common use of Preservation, Maintenance, and Protection of the Property Clause in Contracts

Preservation, Maintenance, and Protection of the Property. Xxxxxxxx's Loan Application; Leaseholds. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in Xxxxxx's good faith judgment could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or Xxxxxx's security interest. Borrower may cure such a default and reinstate, as provided in paragraph 19, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Security Instrument or Xxxxxx's security interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to representations concerning Borrowers use of Property for affordable housing. If this Security Instrument is on a leasehold, Borrower shall comply with all provisions of the lease. If Xxxxxxxx acquires fee title to the Property, the leasehold and the fee title shall not merge unless Xxxxxx agrees to the merger in writing.

Preservation, Maintenance, and Protection of the Property. XxxxxxxxBorrower's Loan Application; Leaseholds. Borrower shall not destroy, damage damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that that, in Xxxxxx's good good-faith judgment judgment, could result in forfeiture of the Property Property, or otherwise materially impair the lien created by this Security Instrument or Xxxxxx's security interest. Borrower may cure such a default and reinstate, as provided in paragraph 19Paragraph 16, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx's good good-faith determination, precludes forfeiture of the Borrower's interest in the Property Property, or other material impairment of the lien created by this Security Instrument or Xxxxxx's security interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to to, representations concerning Borrowers use Xxxxxxxx's occupancy of the Property for affordable housingas a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Xxxxxxxx acquires fee title to the Property, the leasehold and the fee title shall not merge unless Xxxxxx agrees to the merger in writing.

Preservation, Maintenance, and Protection of the Property. XxxxxxxxBorrower's Loan Application; Leaseholds. Borrower shall not destroy, damage damage, or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that that, in XxxxxxLender's good good-faith judgment judgxxxx, could result in forfeiture of the Property Property, or otherwise materially impair the lien created by this Security Instrument or XxxxxxLender's security interestinterexx. Borrower Xxrrower may cure such a default and reinstate, as provided in paragraph 19Paragraph 16, by causing the action or proceeding to be dismissed with a ruling that, in XxxxxxLender's good good-faith determinationdetexxxxxxion, precludes forfeiture of the Borrower's interest in the Property Property, or other material impairment of the lien created by this Security Instrument or XxxxxxLender's security interestinterexx. Borrower Xxrrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to to, representations concerning Borrowers use Borrower's occupancy of Property for affordable housingxxx Xxxxerty as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Xxxxxxxx Borrower acquires fee title to the tixxx xx xhe Property, the leasehold and the fee title shall not merge unless Xxxxxx Lender agrees to the merger in merxxx xx writing.

Preservation, Maintenance, and Protection of the Property. XxxxxxxxBorrower's Loan Application; Leaseholds. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in XxxxxxLender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Instrument or XxxxxxLender's security interest. Borrower may cure such a default and reinstate, as provided in paragraph 19, by causing the action or proceeding to be dismissed with a ruling that, in XxxxxxLender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material impairment of the lien created by this Security Instrument or XxxxxxLender's security interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to representations concerning Borrowers use of Property for affordable housing. If this Security Instrument is on a leasehold, Borrower shall comply with all provisions of the lease. If Xxxxxxxx Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Xxxxxx Lender agrees to the merger in writing.