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201201198
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Last modified
3/7/2012 11:26:18 AM
Creation date
2/15/2012 3:40:30 PM
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DEEDS
Inst Number
201201198
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201201198 <br /> for tha repairs and restoration in a siugle payment or in a scries aP progress payments as Clie work is <br /> completed. If the insurance or ec�ndemnation proceeds are �ot sufficieuC to repair or restore the Property, <br /> Borrower is not relieved of Borrower's obligatiou for tlie completiov of sucl� repair or resCoration. <br /> Lender or iYs agent may make reasonable entries upon and inepections of tiie Prope�ty, If it has reasonable <br /> cause, Lender may inspect fhc inter3or of the improvements on the Property. Lendex shall give Borrower <br /> uotice at the time of or prior to such au iuterior inspection specifying such reasonable cause. <br /> $. Borrower's Loan ApplicaYion. Rorrower shall be in defaule if, during thc Loan application process, <br /> Boxrower or any persons or entities aecing nY the directio�i oY Borrower or with Borrower's knowledge or <br /> consenC gave maGerially faLse, misle2ding, or inaccuraCe information or statements to Lender (or tailed to <br /> provide Lender with materlal inParmatlon) in conuection with the Loan. Materia] represerilations include, but <br /> nre not limited to, representations conceruing Borrower's occupancy of tha Properry as Borrower's privcipal <br /> residcnce. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Boxrower fails to perform the eovennnts and agreemcnCS conCained in Uiis Security Instlument, @) there is a <br /> legal proeeeding CIiaC might significantly affect Lender's interest in rhe Properry and/or r3ghts under this <br /> SepuriCy Iustrument (such as a procecding in bazilavptcy, probaYe, for condemnation or PorPeilure, for <br /> enforcement of a lien which may aCtain priority over this Security Instrument ox Co enforce laws or <br /> regulations), ur (c) Borrower has abandoned the Property, tlien Lender may do and pay for�vhntever is <br /> ieasonable orappropriate to proYect Leuder's interest in the Properly and rights under this Security <br /> Inshumant, including proYecYiiig nnd/or assessing tha value of the Property, and securi�ig and/or rcpairing <br /> the Property. Lender's actions can includc, but are not IimiCed Co: (a)paying ai�y sums sccured by a lien <br /> whicl�l�as priority over this SccuriCy Instrument; (b) appearing in courC; and (c) paying reasonable atCOrneys' <br /> fees to protcct its in[erest in the Propecty and/or rights u¢der this Sccuriiy Instrument, includi�ig its securcd <br /> position in a bankrupCCy proceeding. Securing the Pcoperly includes, hut is not limieed to, entering �he <br /> Property to malee repairs, cl�ange locks, replace or board up doors and windows, dra3n watex firom pi}�es, <br /> eliminate bttild3ng or other code violaCions or dang�erous conditions, and have udlities turoed on or off. <br /> Although Lender may caka actlon under Chie Section 9, Lender does noC have to do so and is not under any <br /> duty or obligaCron to do so, It is agreed tliat Lender i¢curs no Liability for not taking any ar all acflons <br /> authoriaed iwder dtis Section 9. <br /> Any �mzouiits disbursed by Lender under Chis Seetiou 9 shall become addi[ional deUt of Borrower secured by <br /> Uiis Security InsCrument, These amounYs shall bear interest ak the NoCe rate from Yhe date of disbursemcrtf <br /> and shall be payable, with such iuterest, upon noCice firom Lender Co Borrower reques[iiig payment. <br /> If t6is Security insCrume�t is on�le.tsehold, Borrower shall comply with all elie pcovisions�of thc lease. if <br /> Borrpwer acquires Pee title tc� the Property, the leasehold and the fee title sh�ll not n�erge unless i,ender <br /> agrees to the merger iu writing. <br /> 10. Mortgage Insurance. If L,endex required MorCgage Tnsurauce as .i condidon of making Uie Loau, Borcower <br /> shall pay tlie premiums rcquired to maintain the Mortgage Insuiaiice in ePPecl. If, for any ceason, the <br /> Mortgage Insurance coverage required by Lender ceases to be available from Che mortgaga insurer thaf <br /> previously provided stteh insurance and Boxrower was required to make separaCely designated payme��ts <br /> toward the premiu�ns for Mor[gage Insurance, Borrower shall pay tlie premiums requircd Co oblain eoverage <br /> substantially equiv�lwrt to the Mortgage Insurance previottsly in effect, at a cost subsCanlially eqttivalent to <br /> tl�e cost to Borrower of Cl�e Morlgage Insurance praviottsly ni effect, from an alternate mm�tgage uisurer <br /> selected by l�nder. [f substantially equivale�it Mortgage Insurauce coverage is not available, Boerower shall <br /> za000ao� <br /> NE�RASI(A-Sinqle Femily-Fannie MaelFreddle Mec UNIFORM INSTRUMF.NT Ponn 3018 1/G1 <br /> VMP(� VMPG(NEI 11106) <br /> Waliere Kluwei'Flnenclal 6ervlaos PaOe R nf 7 7 <br />
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