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201206911
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Last modified
7/20/2017 9:47:44 AM
Creation date
8/21/2012 12:22:54 PM
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DEEDS
Inst Number
201206911
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201206911 <br /> for the xepairs and restor�tion in a single payinent ar in a series of probress paymcnfs as thc work iF <br /> coinpleted. If'tha insurnalce or con$emu�.tion proceedy are not sufficicnt to reptur or restore tha Propexty, <br /> I�m�r4wer i,s uot relievc�l of Borrowc�r's obliga�ion for the ootn�letion of auch repAir�or restoration. <br /> T ender or its agent in�y mal<e reasoi�aUle cntrics upon ancl inspectiona of the Property. If it has re£tsonable <br /> c2uec, Lender may inspeot the infzrior of the improvements on the Property. Lender ahall give I3orrower <br /> uotice ak the Yimo of or prior to such an interior inspection specifying such reasonab(o causc. <br /> 8. Borrow eY's Loan AppliCation. 13orrower sh�ll be in de3atxlt if, during the Loan app1ication proccse, <br /> Borrower or any persons oL antities acting at the direction of Borrowcr or wieh Borrower'a Irnowledge or <br /> consaiit ga�a maCerially false, inisleadiiti;, or inaccurate informaition or staten�ents to Lender (or failed lo <br /> provido Lendcr wiL�h m2terial inforinarion)in connection t�ith Che Loan. Muterial representations includa, bul <br /> are noC liinitecl to, xepresentetions concerning Borrowar's occapaucy of thc�Property zs Borrower'e princi�at <br /> residence, <br /> 9. Protection o# Lender's In4erest in the Froperty and Rights Under this Security Instrument. If(a) <br /> Borrov�er fails to perform t1�e covo��anks ttnd lgreements containul in this Secw�ity InsU'mnent, (b) there ie a <br /> 1cgal procceding thaC might significantly affecY Lender's uiterest in the Property and/or rights uncler tlais <br /> Security Instrument(such as a proceeding in bankruptcy, ]�robnce, for condeumatlon ar forfeitm e, for <br /> eiilorcement of a]ien w7�ic1�may attaln priority over tl�us SecwYty Snstrument or to ei�orce laws or <br /> regi�lakious), or (c) Borrower h1s t�l��ndoned the Property, tihan Lender ivay clo and pay for whalever ie <br /> roasonablc or apprapriate to�i'otect Lender's 'viterest in tl�e Property and rightE under this Security <br /> H�stxument, including protecting� aud/or asseesing the val��o of tl�c P�roperCy, end Qeciuing and/or repau�ing <br /> the ProperCy. Lender's actions cw inclnde, but arc not litnited to: (a)payivg aziy sunis sectued by a lien <br /> which has prinrity over this Socurity Histrun�ent (b) appeaiing in cow't; and(o)payijig reasonablc aCtorneys' <br /> fees to profecti ite int'erest in the Pxoperty end/or rights tuider tl�is Secnrity [nstrumenC, includuig its sectired <br /> poeihion in a banlalq�tcy piroceeding. Securing the Property incliides, buf is noP flmited to, entarin�Yhe <br /> Property tio inake repairs, change locks, rcplace or boarcl up doors and windows, draiii water fi�om pipes, <br /> elin�inate building ox oCher oode violationa or dangerous conditions, and havc utilitics turned on or of£. <br /> Although Lendex may take acYion under tl�tis Section 9, Lc:nder cloe�noC have to do so �nd is not under any <br /> duty or obligaEion to do so. It�s ugrccd that Lencier inours no liabiliYy for not Saking any or�11 aotions <br /> authorized wider this Scction 9. <br /> Any pmounts disbursecl by Lencier under tlus Seotiou 9 shall heoome additionel debt of Borrower securecl Uy <br /> this Seom•ity IasY�ument. These amounts shall bcar inlerest nt the Note rate fian�lie date ot"disl�tiueement <br /> and shall be pay�lrl e, wifli nuch interesl, iipoi�i noGoe firom Lender tio Borroweir reqtiiesting pay7nent, <br /> I�I'tlris Security lnsh�un�ont is oi�a leaseholcl, Borrower shall eoinply with q�ll the provisionti of tihe Ic;ase. IC <br /> Botrower aequites fee ritle to the Property, tihe leasahold nnd t1ie fec titlo sh�ll noC n�erge unlese Lender <br /> agrees Yo the merger ui writiu�. <br /> 10. M oftgage Insurance, IfZender required Mortgage Tneurance as a condition of malcing thc Loati, Borrower <br /> shall pay tho premiun�s required to mainYain the Mort�*age instiirauco in offec6�. If, for any reasou, the <br /> Mortgage Inaucance coverage required Uy L,evder ccases Co be auailable from the mortgt�ge insurer t�iat <br /> previously provided such instiu�ance znd Borcower wns requiced to mnke separataly designated paymonts <br /> towaxd flie premiums for Mnrtg�go Tneurance, Borxower ahall pay the�premiums requir�d to obtain covernge <br /> stiib.stentially cquiv�lenC to Lhe Mortga�e Insw'anccpreviously in efFwt, aC a cosC sti7beCnntially eqnivalent to <br /> the coet to Boirower of the Mortgage Tnsurancc prcviously ni ePCect, �i•om an �ite7 nake mortgage insLuer <br /> seleotied by Lender. If sul�st�nri�lly equivalent Mort�age Instu•anee covera�ge is not avail�ble, Sorrower eh�11 <br /> — —zaooinai <br /> NE6RASI(ASingle Famlly-Fennle M ae/Fretldls Mac UNIFORM IN9TRUM F.NT Form 3028 1701 <br /> VMP� VMPB(NE)(1105) <br /> Nlollers�Kluwar Finendnl Sarvices f'+�ge�nf 17 <br />
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