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20120707i <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If <br />(a) Borrower fails to perform the covenants and agreements contained in this Security Insmiment, (b} there <br />is a legal proceeding that might significantly affe,ct Lender's interest in the Property and/or rights under <br />this �curity Instruinent (such as a proceeding in banlmiptcy, probate, for condemnation or forfeiture, for <br />enforcement of a Iien which may attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c) �nower has abandoned the Property, then Lender may do and pay for whatever is <br />reasonable or appropriate to prate�ct Lender's interest in the Property and rights under this Se,curity <br />Instrument, including protecting andlor asse�sing the value of the Property, and securing andlor repairing <br />the Property. Lender's acrions can include, but are not limited to: (a) paying any sums secured by a lien <br />which has priority over tlus Security Instrument; (b) appeariag in court; and (c) paying reasonable <br />attomeys' fe� to protect its interest in the Pro�rty and/or rights under this Security Instniment, including <br />its secure� position in a banlcrvgtcy proceecting. Securing the Properiy includes, but is not limited to, <br />entering � Progerty to make repairs, eFraxige Yoeks, replace or baar� up doors a8d v�d'c�wvs, cirair� vvater <br />from giges, e�minate bziiiiding or other code viotations or c�ngerous conc�itions, and ha�e uti�ities tarned <br />on or off. ALthoug� �der may take aetion under this Sectioa 9, I.ender c� not have tQ cfio so a� is not <br />ua�er � d�ky or ob�igazion to do so. �t is agreed. that Len�er incvss no iiabi�ity for �t ta:i�ng aYry or all <br />actioffi a�z�otiz� u�s t�is S�cidn g. <br />t� a�r�ts �i�b�d by �t t��r tF�is �tion � sha� �� aaF�tio� �ebt of �m�� <br />secc��i �Sy t� S�:rily I�. '�e a�o�ts shall i�az int� at t�se Note rate � t� d�e �f <br />aa� s�FC be gayabFe, �� irc�e�est, up�� ��ice fio� fl�der t� �rgo�r� r�g <br />F$Y�- . <br />I� th�s Se�usi�y P� is on a I�oic�, �iorrowea sba� cc�mg��r �t�a aII t� proorisimIIS �€ t3� <br />Iea�. F£ �ara�cre� �S �e ti�I� tm tis� Pr�, t�r,e 1��Fd a� tTi� fe� ti�Pe s�aai� �ar� � r�� <br />Le��r �gs� ta � �rg� ffi �rg. <br />10. Mor� I�ra� �� re.� 1VIQrtg�ge � as a�a�ition �f �g t.� B.�an., <br />�¢r�� s�Pi gay � gre��cns � to ��e Moregage �e ia effe.ct. �f, fog �r r�oa, <br />t�e 1V��tgage � e,o�r�ge � tay �� to be ���� fron� tfie m�gage � ttta� <br />pa�ri��s�g gECrvi�B � i� ���s w�s require� t� ��y ct�gcr��� ��ts <br />tc��wraac� � p�ae�r� fer�r Mo�ge �, ��sov�+er sfi� p�.yr tE�e ga�mir,m� r� Co Q��n <br />�overage �st��� �i��.t to tE� MoPtg� �sutazice previar�y i� effect, at a c�st �y <br />equival� Eo t�ee c.� Eo BoEm� �� th� Ni��tg�ge Insr�cce grevi�sasE� i�e effect, from aa aZternate <br />mvrtgage ins�rer selected by L.ender. if $u6stantialty ec�uivatent 1V�ortgage �'nsucan.ce coverage is aot <br />avaitable, BaEro� slr�It c�atin�e te g�y t� �er the amcivnt o� the s�ara�eFY c�ig�ate� F$�S th�t <br />were c�e wP� t�se � c�veaage � tm � effe.c�. �.e�r ��t, use a� r� �hese <br />P�y�ts � a��Se Ie�s r�rve i� Bi� o� N�ortgage �_ �eFn toss rese�r+e s� be <br />� r.efi�aErZe, �tvvi�iv�taac�ing tF�e fact t6a� t� Lcrau is ul�tely paic� ia fuTl, azcd L.ead:er sF�I� �t � <br />regu� to pa.y B��r�aw�rer aay iatesest Qr �gs oa such Ioss reserve. I� caa IIo Ienger requiae toss <br />reserve paymerns i� �Eg�ge �ance co�r�age (in the amovnt aII� fus the pesioci tt� Len.der re.�uires) <br />pravic� by a� i�s� se�ect� by I..eic�er agaYn becom� avaitable, is obtained:, a� F.ender rec�raires <br />�P��YY ��� P� t��rard the premiums for Morcgage Insurance. I€ Lencfier rea}u.ired N��rtgage <br />Insnrance as a coIIditioae o£ making ttie Loan and Borrower was reqnired to make separately designated <br />payments towaa� the premiums for Mortgage Insurance, �orrower shaii pay ttie premiums required to <br />maintain Mortgage I�surance in effect, or to provide a non-refvadable loss reserve, until Leader's <br />rec�uirement for Mtyxtgage inc*,*�•+.rp ends in accordance with any writte� agreement beriv�n Borrower and <br />Lender providing for suc1� termination ar until termination is requirec� t�y �pplicable Law. Nothing in tius <br />�on 10 affe,cts Borrower's obligation to pay interest at the rate provided in the Note. <br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it <br />may incur if Bonower does not repay the Loan as agreed. Borrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance uc force from time to time, and may <br />enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements <br />ate on terms and condirions that aze sarisfactory to the mortgage insurer and the other parly (or parties) to <br />these agreements. These agrcements may require the mortgage insurer to make payments using any source <br />of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage <br />Insurance premiums). <br />Initials• v "� `�� <br />�-6G�NE) �00o51.ot Page 8 of 15 Form 3028 1/01 <br />� <br />