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<br />If insurance or condemnation proceeds are paid to Lender in connection with damage to, or the taking of, the Property,
<br />Borrower will be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes.
<br />Lender may disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the
<br />work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower
<br />is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the
<br />Property, or payable jointly to both. If the insurance or condemnation proceeds are not sufficient to repair or restore the
<br />Property, Borrower remains obligated to complete such repair or restoration.
<br />Lender may make reasonable entries upon and inspections of the Property. If Lender has reasonable cause, Lender
<br />may inspect the interior of the improvements on the Property. Lender will give Borrower notice at the time of or prior to such
<br />an interior inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower will be in Default if, during the Loan application process, Borrower or
<br />any persons or entities acting at Borrower's direction or with Borrower's knowledge or consent gave materially false,
<br />misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in
<br />connection with the Loan, including, but not limited to, overstating Borrower's income or assets, understating or failing to
<br />provide documentation of Borrower's debt obligations and liabilities, and misrepresenting Borrower's occupancy or intended
<br />occupancy of the Property as Borrower's principal residence.
<br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument.
<br />(a) Protection of Lender's Interest. If. (i) Borrower fails to perform the covenants and agreements contained in this
<br />Security Instrument; (ii) there is a legal proceeding or government order that might significantly affect Lender's interest in the
<br />Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or
<br />forfeiture, for enforcement of a lien that has priority or may attain priority over this Security Instrument, or to enforce laws or
<br />regulations); or (iii) Lender reasonably believes that Borrower has abandoned the Property, then Lender may do and pay for
<br />whatever is reasonable or appropriate to protect Lender's interest in the Property and/or rights under this Security Instrument,
<br />including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actions
<br />may include, but are not limited to: (I) paying any sums secured by a lien that has priority or may attain priority over this
<br />Security Instrument; (II) appearing in court; and (III) paying: (A) reasonable attorneys' fees and costs; (B) property inspection
<br />and valuation fees; and (C) other fees incurred for the purpose of protecting Lender's interest in the Property and/or rights
<br />under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is
<br />not limited to, exterior and interior inspections of the Property, entering the Property to make repairs, changing locks, replacing
<br />or boarding up doors and windows, draining water from pipes, eliminating building or other code violations or dangerous
<br />conditions, and having utilities turned on or off. Although Lender may take action under this Section 9, Lender is not required
<br />to do so and is not under any duty or obligation to do so. Lender will not be liable for not taking any or all actions authorized
<br />under this Section 9.
<br />(b) Avoiding Foreclosure; Mitigating Losses. If Borrower is in Default, Lender may work with Borrower to avoid
<br />foreclosure and/or mitigate Lender's potential losses, but is not obligated to do so unless required by Applicable Law. Lender
<br />may take reasonable actions to evaluate Borrower for available alternatives to foreclosure, including, but not limited to,
<br />obtaining credit reports, title reports, title insurance, property valuations, subordination agreements, and third -party approvals.
<br />Borrower authorizes and consents to these actions. Any costs associated with such loss mitigation activities may be paid by
<br />Lender and recovered from Borrower as described below in Section 9(c), unless prohibited by Applicable Law.
<br />(c) Additional Amounts Secured. Any amounts disbursed by Lender under this Section 9 will become additional
<br />debt of Borrower secured by this Security Instrument. These amounts may bear interest at the Note rate from the date of
<br />disbursement and will be payable, with such interest, upon notice from Lender to Borrower requesting payment.
<br />(d) Leasehold Terms. If this Security Instrument is on a leasehold, Borrower will comply with all the provisions of
<br />the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title will not merge unless Lender agrees to
<br />the merger in writing.
<br />10. Assignment of Rents.
<br />(a) Assignment of Rents. If the Property is leased to, used by, or occupied by a third party ("Tenant"), Borrower is
<br />unconditionally assigning and transferring to Lender any Rents, regardless of to whom the Rents are payable. This assignment
<br />CALIFORNIA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3005 07/2021
<br />CALIFORNIA DEED OF TRUST (SIDOT.CA)
<br />25283.8 (11/22) Page 8 of 17 BANK OF AMERICA, N.A.
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