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201206256
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201206256
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Last modified
7/20/2017 9:43:19 AM
Creation date
7/31/2012 3:36:53 PM
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DEEDS
Inst Number
201206256
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201206256 <br /> for thc�repaire and resfortt6ion in a single payment ox in a series of progress paymenYs ae the worlc is <br /> ootnpleted. If the insurance or con<leimiaYion proceeds tue nof eufficie�it to repair or restorc thc ProperLy, <br /> Borirower is not relieved of I�orrower's oU1igat4on for tho complelion of snoh repair or restoratiou. <br /> Lender or its agant inay inalce reasoi�ahle entries n�aon and ins�xctions of 11ie Proper�y. If it has re�sonaUle <br /> cause, Lander may inspect tho interior oP the improveixi�nts on the Properfy. Lender shall give Borrower <br /> notice at tl�e tiinc�f or prior to aucl� an interior ins�ecrion specifying auch raasonable cause. <br /> 8. Borrower's Loan Applica4ion. Rorrowcr shall bo in deF�ull if, during t(ie Lot�n npplicntion prooess, <br /> Ronower or any persons or ci�Cities aol'ing at che direction of Borrower or witih Bon•owei's laiotvledge or <br /> consont gavo inaterially false, mislendiug, or inaccurate iniormation or staTements to Lcndcr(or failed to <br /> provide Lender wifli material inforrnaYion) in oom�ection witu fhe Loen. A2atteriul reprasenCations uiclttde, Uut <br /> ara not liinikcd to, rcprc;sentaCions concexning Borrower's occupancy of the Property as Roivowcr'F prir�cipal <br /> resiclence. <br /> 9, Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(2) <br /> Borrower £nils to perform Yhe covenants and agreemente contained in this Seourity Insh•urueut, (b) there is a <br /> legal proceeding�that miglrt significautly affect T�;ndcr's iiitexest ii�i the Property and/or rights under this <br /> Secm�ity InsU'ument(such as a ptocwding in banlnuptcy, probAte, fbr eondeim�aCion a'forfeitnre, for <br /> earForcementaf alien which may aCCain priority over this Sectu'ity Instr�unent or to enforoc laws or <br /> regulaHious), or (c)Borrower h�s abandoned tiie Property, then Lendcr may cio zmd pa'y foi�whatever ie <br /> reasonable or appropri2te to protect Lender'&inte�e.st iiY tlie Property �uid ri�hta under this Secucity <br /> InatrmnanC, inclnding protec6n�tmd/or assesaing lhe value af tha ProperCy, and secnriug and/or rcpairing <br /> fhe Yroperty.Lender's actione c¢n include, buY era not limited to: (a) paying any suv2s sect�red by a lieti <br /> whieh l��s priarity over this Security Instr�w�ent; (h) appearing in coiirt; nnd (c)p�ying rensonable atCorneys' <br /> fees to protecf its intere.st in tl�c YroperLy�nd/or rights under this Sectu•idy Inak�mnent, i�cludii7g itti secured <br /> position i���x banla-uptcy proceeding. Secnsing the Property Inchtdes, but is not lin7itcd tq eutering lhe <br /> Pro�erCy lo mnke repnirs, ck�nge locka, replace or board up dnore and windowe, drain waYer from pipes, <br /> eliininake building or othec ooda violations or dangerous condiCions, and hnve utilities turned on or oPf. <br /> Although Lender may talce action undcr thie Secuion 9, Lender does noY hava to do so a�1d is not under airy <br /> dttty or obligation to do so. It is agreed�that Lender incurs no liabiliEy for not taldng any or all acCions <br /> fiuthorizad nuder Uiis Saclion 9. <br /> flny amoimts disbursed by Londer undec this Seotion 9 shAll become additioi��l ciebt of[3on�ower sccurcd by <br /> flvs Scourity InstrumenC. These amoimts shall Uear interest at khc IQoto izte from hhe dahe of disbursemetrt <br /> �nd shall be payable, wifh such uiterest, upon notioo Proin Lender to Borrower requesting��ymenC. <br /> If Chis Security Tnshvment is on a laasehold, I3arrc�wer shall comply with all the provisione of the lease. If <br /> Boxrower acquires Fea title to flie Prnperty, tl�c ]eaeeliold aud the fee title shall not meiga uuless 1 ender <br /> agrees to the merger in writing. <br /> 10. M ortgage Insuranee. If Lencler required Mortgage Insurance as a condition of malcing the Loan, Borrower <br /> shall pay Che prenuLuna required to meintain tihe Mortgage Iusw'ancc in eff'ect. If, for auy reaeon, tl�a <br /> Mortgage Insm•auce coveia�e required Uy Lcnder ccases Co l�e availeUle fiom tlie mortga�a ii�surer that <br /> previottsly provided such ineiu eince nnd Borrower wae reqtured fo make sepai afel,y designz�tcd paymeuLs <br /> toward the prenuuins for Mortgage Insurance, Borrower shall paiy thc preuutm�s required to obtttin coverage <br /> aubstantially equivzlent to the Mortbage Iizsuranoe previoiisly in effect, at a eost stiibsta�itially eqniv�lent to <br /> the cost to I3orrower of the MorCga�;e Insnranoe previously hi effect, from an altarnate mprtgage insttrer <br /> sclectcd by Lender. If substnntinlly enuivzlent Mortgage Insurance c�rverage is not aunil�ble, Borrower shall <br /> 24001662 <br /> NeeFt48KASlogla Femlly-Fannle M.aelFreddle M oc UNIFDRM INSTRUM ENT Form 3020 VU� <br /> VM P� VM P6(NE)(71 U51 <br /> Wolte�s Kluwer Rnanclal Service.s PaBe 0 of 17 <br />
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