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201201859
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Last modified
3/14/2012 1:55:26 PM
Creation date
3/12/2012 11:12:58 AM
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DEEDS
Inst Number
201201859
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201201859 <br /> for the repairs and rest�ration in a single payment or in a series of progress payments as the work is <br /> completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, <br /> Borrower is not relievcd of I3orrower's obligation for the coistpletion of such repair or restoration_ <br /> Lender or its agent may make reasonable enkies upon and Inspections of fhe Property. If it has reasonable <br /> cause, Lender may inspect t]�e interior of the improvemcnts on the Property. Lender shall�ve I3oaower <br /> notice at the time of ot priot to such an in#erior inspection specifying such reasonable cause. <br /> 8. Borrower's Loan Application. Borrower shall be in default if', during the Loan application process, <br /> Borrower or any persons or entities acting at the d'uection of Borrower or with Borrower s lmowledge or <br /> consent naoe materiaAy false, misleadi�g, or inaccurate mformation or statements to Lender(or failed to <br /> provide Lender with material informalion) in connection with the Loan. Material represenCations include, but <br /> aze not limited to, representations conceming Bonowcr's occupancy of the Property as Bonower's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Barrower fails io perform the covenants and ageeineuts contained in this Security Instrument, (b) there is a <br /> 1cgal proceeding that might significanfly affect Lender's inEerest in the Properiy and/or rights mider this <br /> Security Instrmnent(such as a proceeduig in bankruptcy, probate, for condeuinarion or farfeiture, for <br /> enforcement of a lien whicli inay attain priority over flus Security Instnunent or to enforcc laws or <br /> regulations), or(c)Borxower has abandoncd the Property, then Lender inay do and pay for whatever is <br /> reasonable or appropriate to protect Leader's interest in the Property and rights under tUis Security <br /> Iastrument, inclucling protecting and/ox assessing the value of the Properiy, and securing and/or repairuig <br /> the ProperEy, T.ender's actions can include, but aze not limited to: (a)paying any sums seeured by a lien <br /> wluoh has priority over this Security Ins��ent; (b)appeazing in court; and(c)paying reasonable attomeys' <br /> fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured <br /> position in a banitruptcy proceeding. Securing the Properry includes, but is not liuuted to, entering fhe <br /> Property to make repairs, change locks, replace or board up doors and windows, draii water from pipes, <br /> eliminate building ar other cQde violations ox dangerous conditions, and have utilities tumed on or ofE <br /> Although Lender may take action under this Secflon 9, Lender does not have to do so and is not under any <br /> duty or obligation to do so. It is agseed that Lendex Incurs no liabffity for not takang any or all actions <br /> authoiized undcr fliis Section 9. <br /> Any aznounts disbursed by Lender under this Secrion 9 shall become additional debt of Borrower secured by <br /> this Secutity Instnunent. These amouuts shall beaz intecest at the I�ote rate from the date of disliurseanent <br /> and shall Ue payable, with such interest, upon norice frmn Lender to Boriower requesting payment. <br /> If iJus Securitq lnstrmnent is on a leasehold, Barrower shall comply v✓ith all the provisions of the lease. If <br /> I3on-ower acquires fee tifle to the Property; flic leasehoid and the fee title shall not merae unless Lender <br /> agcees to the mergei in writing_ <br /> 10. M ortgage Insur'ance. Tf Lender required VIorCgage Insc�rance as a condition of makiug the Loan, 13orrower <br /> shall pay the premiwns required to maintain the Mortgage Tnsurance in effect, lf, for any reason, the <br /> VIortgage InsLUanec coverage required by Lender ceases[o Ue ai-ailable from the mortgage insurer that <br /> previously provided such insurance and Borrower was required to make scparately desi�ated paysnents <br /> toward the premiums for Mortgage Insurance, Borrower shall pay ttie premiums requircd to obtain coverage <br /> substantially equivalent to thc Mortga�e Tnsurance pieciously in effect, at a cost substantially equivalcnt to <br /> the cost to Borrower of the Mortgage Insurance previously in effect, from an altecnate mortgage iasurer <br /> seIected hy I,encier. if substantially equivalent Mortgage Insurance cover2ge is not a�rulablc; Sc>rrower shall <br /> 2aoaossa <br /> NEBW15KA-Single Family-Fannie idaz/FreCtlie lelac UMFORM WSTRUM1I ENT Form 3928 1iO4 <br /> VMP� vmi as�Ne��i�ias� <br /> Nfokers Kluw er Financial Services Page 8 ot 1] <br />
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