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201201013
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Last modified
3/7/2012 11:25:51 AM
Creation date
2/8/2012 11:49:02 AM
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DEEDS
Inst Number
201201013
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201201013 <br /> for the repairs and restoration in a single payment or in a series of pro�ess payinents as�the work ls <br /> completed if the insurance or condewnatiou proceeds ace not sufficient to r�air or restore the Property, <br /> Borrower is not relieved of Borrower's obfigarion for the comglerion of such repair or restorarion. <br /> Lender or its agent may make reasonablz entries upon and inspections of the Properry. If it has reasonable <br /> cause, Lendes may inspect the interior of Yhe improvements on the Property. Lender shall give Borioarer <br /> notice at[he timz of or prior te such an interior inspection specifying such reasonable cause. <br /> 8. Botrow er's Loan Application. Borrower shall be in default if, during the Loan application process, <br /> Bonowet or any persaas or entities acring at the direction of Borrowex oa wifh Borsowex`s kno�vledge or <br /> consent ga�e ma#erially faLse, misieading, or inaccLUate information or statements to Lender (or failed to <br /> providc Lendar with material inforrnarion) in connection with the Loan_ Material representations include, bnt <br /> are not liarited to, representations conceming Barrower's occupancy of the Properry as Borrower's pxincipal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Bonower fails to per&rcm the covenxnts and a�eements coatained in this Secwity Instrument, (b)there is a <br /> � legal proceeding ttiat might siguficantly affect Lender's interest in the Propeity and/ar ii�ts imder this <br /> Security Instrument(such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for <br /> enforcement of a lien which;nay attain priority over this Security Instrwnent or to enforce laws or <br /> regulafions}, or(c)13orrower has abandoned the Property, then Lender may do and pay for whatever is <br /> reasonable ox appropriate to protect Lend�'s interest in the Property and rights under this Secucity <br /> Instrument; including protecting and/or assessing the value of the�Property, and securing and/or repairing <br /> the Psapertq. Lender's actions eau include, but are not limited to: (a)paying any sums seciued by a lien <br /> which has prioii4y ovet this Sectuity Instrument; (b) appearnig in court; and(c)paying reasonable attorneys' <br /> fees to protzct its interest in the Property and/or rights under this Security Instrument, including its secured <br /> position in a bankrugtcy proceeding. SecuYing the Property includes, bnt is not lisnited fo, eirteting the <br /> Propzrty to make repairs, change looks, ieplace or boazd up do0zs and�indows, drain water from pipes, <br /> eliminate building or other code violations or dangerous conditions, and have utilities tumed on or off. <br /> � Although L,ender inay take action under this Section 9, Lendex does not have to do so and as not uader any <br /> duty ar obliga.tion to do so. It is ageed that Lendcr incurs no liability for not Yaking any or all actions <br /> autharized under tlus Section 9. <br /> Any amouuts dlsbursed lay Lender under ti�is Section 4 shall b�come additional debt pf Borrower secured by <br /> this Security Instrumcnt. These amounts sha11 beat intetest at the Note xate from the datz of disbursement <br /> and shall be payable, with such interest; upqn notice from Lendes to Borrower requesting payment. <br /> If this Security Instnunent is on a leasehold Sorrower shall comply with all the pro�isions of the lease. If <br /> Borrower acquires fee ritle to the Property, the leasehold and the fee titic shall not merge unless Lender <br /> agrees to the merger in wriung. <br /> 10. M ortgage Insurance. If Lender requued Mortgage Insurance as a condition of makinn the Loan, Borrower <br /> shall pay The premiums required to maintain the Morteage Insurauce in effect. If, for any reason, the <br /> Mortgage Zusurance coverage required bg Lender ceases to be available from 8ie mortgage insurer that <br /> previously provided such instuancc and Borrower w�as required to make sepazately designated payment, <br /> � toward the premiuxns for Mortgaae Insurance, Borrower shall p1y tihe pre+siiums ruluired to obtain co�rerage <br /> substantially equivalent to the Morteagc Insurauce previously in effect, at a eost substantially equivalent to <br /> the cost to Borrower of the Mortga.ge Insurance previously in effect, from an alternate mort�a�e insurer <br /> selected by Lender. If substantially.,qiuvaleat VIortgage Insurance coverage is not available, Boaower shall <br /> zaaaozao <br /> NE3R4SKASincle Famly-Fannie M aelFredtl;x 1fi ac UMFORN 1N5TRUM ENT Porm 3028 ilCt <br /> VMP�a VMP6(Nc�(1t05) <br /> 'flolters Klu�,v=r Fnancial Sen�ic=s Page 8 of S] <br />
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