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201201012
<br /> foc tlie repairs and restoration in a single payment or in a saries of progress payments ae the work is
<br /> wn�plefed. If tF�e insurance oT condemnation pxocceds are not eufPieient to repair or restore fhe Property,
<br /> Borrower ie�not relieved of Borrowee's obligation for the oompletion of such repair or restorleioEi.
<br /> Lendcr ar its agent�nay mal�e reasonable en�ies upon and inspectious of the Proparty, Tf it has reasonablc
<br /> cause, Lender may inspecY the interior oP lhe improvements on the Property, L,ender el�all give Borrower
<br /> notiee aY Clie time of or prior to such an interior iuspection specif'yin� such reaeonable cause.
<br /> 8. Borrower's Loan Application. Borrower shall be in default if, dnring the'Loan application grocess,
<br /> Borrower or any persons or entities acting at the directipn pf Boriower o� with&orrowei's knowledgc or
<br /> consenY gave materially false, mislcading, or inaecurate infoxmation or statemeuYs to Lei�cler(or Pailed to
<br /> provicle Lcnder with material information) Yn connection wiCh Yhe Loan, Material representations include, buf
<br /> are not limited to, represenkitions concerning Sorrower's occupaiicy of Che YroperCy as Borrower's principal
<br /> re,sidence.
<br /> 9, Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a)
<br /> Borrower fails to perPorm the covenauts uid agreements contained in Clds Security InsCrument, (b) tl�are is a
<br /> legal proceeding ChaC mighC signlficantly aff'ect Lendcr's interest in the Property and/or righCs under this
<br /> Seeurity IosCrument(sucl�as a pcoceed'iiig in bankruptcy, probate, for eoiidemnaCion or forfeiYure, for
<br /> enforcement of�a lien whicl�may attain pxiorlry over this Security Instrument or to enfoice laws or
<br /> rcgulations), or(c) Borrower has abandoned the Property, then Lender may do and pay for whatever is
<br /> reasonable ar appropriate to proCecC Lender's interest in the Propert� and rig9iCs under this Security
<br /> InsCrument, including proCecCing and/or assessing the value oP Che Property, �uid securing and/or repairing
<br /> tlie Property. Lender's actiona pan iuclude, but aee noc limited Co; (a)pnyin�atry sums seeured Uy a lieii
<br /> which has prioriry over this Security Instrument; (b) appeu'ing in caurt; and (c) paying reasonable attorneys'
<br /> fees to proYeeC its interest in the Propecty and/or rights tmder this Security InsCrumenC, including ils seeured
<br /> �osiCion in a bankruptcy proceeding, Seeuring fhe Pxoperty includes, buC is not limited [o, entering�the
<br /> Property to make repairs, charcge locks, repl<�ce oi•board ug doors and windows, drain water from pipes,
<br /> eliminate building oc other code violations ox dangeroua conditions, and have utilities turned on or ofY.
<br /> Although I,ender may Yal<e actiou under this Seclion 9, Lender does not have to do so and is not under any
<br /> dulp or obligaHon Co do so. It is agrced that Lender incurs no liability Por not taking any or all actions
<br /> authorized under this Section 9.
<br /> Any amounts disbursed by Lender under this SecCion 9 shall become ndditional debt of Borro�ver secured by
<br /> this SccuriCy instruinent. These amounts shall bear interest at tl�e Note raCe from tlie dafe of disbursement
<br /> and shall be payable, with such inlerest, upon noCice from Lentler fo Borrower requesting paytnent.
<br /> if Yhis Senurity Histrumenl is on a leasehold, Borrowei shal] comply with all the provisions of the lease. If
<br /> Borrower acquires fee Citle to the PropeeCy, [he ]e�isehold and the fee Cifle sh.tll not merge unless Lendex
<br /> agrees to the merger in writing.
<br /> 10. Mortgage Insuranee. If Lender required Mor�gage Insurance as a coudition of tnakipg tlie Loan, Borrowar
<br /> shall pay Che premiums required to maintain che Mortgage Iusurance in effect. If, Por any reEison, lhe
<br /> MorCgage Insurance eoverage required by I,ender ceases Yo he auailable Prom the moxtgage insurcr that
<br /> prevlausly provided such insurance and Borrower was required to make separately designatcd payme��ts
<br /> toward Ihe premiums for Mortgage Ipsurance, Borrower shall pay the�remiums requircd to �bkain coverage
<br /> suUsk2ntially equivalenC to tlie Mortgnge Iusurance pieviously in effect, �tt x cosl substantially equivalent Co
<br /> the cost Co Sorrower of tCie Moxtg.ige Insurance previously in effect, from an al[ernate mortgage insurer
<br /> selected by I,ender. If substantially equivalent Morfgage Insuixncc coverage is not auailable, Borrower sliall
<br /> zaooazsz
<br /> NF.BRASNA-Single Pemily-Fannle MaelFreddle Mac t1NIFOPM INSTfiUMENT Fo�m 3028 1/01
<br /> VMP(� VMPB�NE)11106)
<br /> 4Volters Kluwe�Flnnnclal Servloes Paed 8°���
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