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201208375
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201208375
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Last modified
7/20/2017 9:55:25 AM
Creation date
10/9/2012 3:38:58 PM
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DEEDS
Inst Number
201208375
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201208375 <br /> for Lhe repniis and resf�rltion in a singlc paymcrzL or in a serics of prob�ress payments as the worlc is <br /> completed. If the insuxance or condemnation proceeds are not auff`icienC to repair or restore Che Propor'ty, <br /> Rorrower is not relieved of Borrower's obligation ior the coinpletion of such repair or restoraiion. <br /> f,ender or its agent may make reasonable entries upon and inspectiioi�s of the Property. If it hns reasounble <br /> cai�se, Lcneicr may inspwt th�intcrior of the improvemenis on the Property. Lender shall give Bocrower <br /> nofice at Che �iu�e of or prior to sneh an interior inspection speeifying atich roasonablc causc. <br /> 8. Borrow er's Loan Applieation. Borrowcr shall bo in defa�dt if, duriug the LoAn applicAtion process, <br /> Borrowee or auy persons or entiHes aofing at Che direction of$orrower ot wifl� Borrower's la�o�vledge or <br /> consent gave inaterially false, mialeading or inaecurate infortnatioii or sCatiaincncs fo,Lcnclej•(or failcd to <br /> providc Lender witli�naterial information) in conilection with fhe I,oan, Ma�Cerial repiesenta�tions ineiude, but <br /> axe noC limifed to, representafions concerning Borrowei°� occu�ancy of thc Prci}�crty as Rorrower's principa1 <br /> residence, <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. IP(n) <br /> Borrbwcr fails to perform the covenants tmd agreemente contained in this Sectu'iYy Inst�'umenC, (b) thare is a <br /> legal proceeding ll�ai�night significantly afCwti Lender's interest in tl�e Yroperty and/or riglrts under$iis <br /> Security Instrument (such�s n�roceeding in banlauptcy, probate, for noudemn¢Cion or fnrfeituro, For <br /> enf'orce�neut of a lien which may ntt�in priority over this Security Tnstrumeut ar to enPoroe la�us or <br /> regulations}, or(c)Borrower has aUandoned tlie Property, then I,ender may do and pny£or whatevex is <br /> reasonable or a}�prapriate to protect Lender's interest in the Property aud righta under tlus Sectuity <br /> Inetrumcn�{, including protcctiug and/or aescssing fhc valuc of tha Yroperty, and sceminb and/or rcpttiriug <br /> the Pxopexty. Leudex's actions can inehide, Uut nre not limited to: (a)paying any aums sectixed by a lien <br /> wlrich has pr'rocity over this SeouriYy Ilistruinent; (b}appearing In court; and(c)paying reasonaUle atYorneys' <br /> fecs to protect its interest iu Yhe Yroperty�tnd/or right5 undcr tl�is Secarify Jnstrumcnt, including 1ts securcd <br /> position in 1 bankrupCoy prooeeding. Seoi�ring fhe Property inclndes, but ia not limited Cq entering tihe <br /> Property to make repairs, changa locks, repl�ce or board up doors and windows, drain watar from pipes, <br /> eliininata building or other code violations ar daugerons con�litious, and have utilitie.v tumed on or ofF. <br /> �11Uiough Lendet inay take ackion under fhis Scctixm 9, Lcn�icr does not l�ave to do so and is not nnder �ny <br /> d�rty or ol�ligation tio do so. Tti is agrced tihaC Lender incura no linl�ility for not tnking any or all Actions <br /> anthorized under this Section 9. <br /> 11uy amoturis disbw'sed Uy Lender under this Scction 9 sh211 beooii�e additional debl of Borrower seeured by <br /> this Security Instrumcnt, 'Chcfio amounts sha11 bear inheresC at the Note rate from the date of clisbm sement <br /> and shall Ue pay�t�le, with such inYerest, upon notice fcom Lender to I3orrower requesting payinont. <br /> I£this Seourity Instrument ia on a leasehold, Borrower shall comply wirli all the provisions of thc lease. IP <br /> Borirower zcquires fee titile Yo the Property, the lcasohold anci Lhe Pee hitle shnll not nierge unless Lender <br /> agreos to the i��ergcr in writing, <br /> 10. M ortgaye I nsuranee. IP Lender required Martgage Tnaurvica as a condiYion of malcing tUe I:.oan, Boerower <br /> shnll pay the premiumarequirecl W mainYain the Mortgage Hasw�a�ice in effect, fF, for any rcason, Cho <br /> Mortgage Insurnnce coverage required Uy Lender ceases tc�Uo availaUle frr�m the inorlgage it�surer thnt <br /> previottsly provided suclt iitstivauce anci Bnrrower waa required to mnlce seperntely designated payments <br /> toward the prcmiun�s �fo�MorCg�ge Insuranoe, Boxcower sl�all pay Uie premiwns reqLured Co oUtnir� covcrage <br /> substanCially equiv�lent to tha Mortgaga Ilisuraaica�previously in efFcc}, at a cost substanti�lly ec�iivnleut Eo <br /> t$e cost to Borrower of tl�e Mortgagc insuranec prcviously in effect, fi'om nn niterxaate mortgag�e ineurer <br /> selected by Lender. If subslentially equivAlent Mortga�ge uisuranca wverage is nof availeble, }3orrowcr shall <br /> znoosaoa <br /> N[BRA51<A-5ingle Famlly-Fannle h1ee/Fretldie h1ac UNIFORM INSTRUh1E�T Form 8028 1101 <br /> VM P p Vh1 P6(N C)(1105) <br /> WaltersKluwerFlnonalol6crulaos PqqaB of 1� <br />
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