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201209036
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Last modified
7/20/2017 9:58:35 AM
Creation date
10/29/2012 10:25:27 AM
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DEEDS
Inst Number
201209036
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201209036 <br /> for t}tc rcpairs and restoration in a single payment or in a series of progrese payu�ents as tlie worl< is <br /> completed. If Che insurance or eondemnation procecds are not sufficient to repaic or rastore the Property, <br /> Borrower is noC relieved of Borrower's obligplion for the com�leCion oF such rcpair or rosEoratiou. <br /> Lender or its agent m1y make reasonable entries npon and inspeotians of'the Pro�icrty. If it has reasonable <br /> canse, [,eiide� inay iospeot the interior of flie improvements on The Property. Lender ahall give Borrower <br /> notice at H�e timo of or prior to such an interior inspeoCion speci£ying such reasonable cause. <br /> E3. Borrower's Loan Applieation. Borrotver shT11 be in dei'ault if, during Yhe Loan applic��tion process, <br /> B�rrower or any porsons or cmfitics act'rng at fl1e direction of Rorrower or with Borrower'a lmowledge or <br /> oonsenE gave mllerially false, nveleading, or inaccuraYc inforn�arion or ytatements to l.ander(or failed fo <br /> provide Lender with�naterial information) in connection witih tihe Loan. MAterial represent�tiaris inchide, but <br /> aee noC limited to, reprasentatious conceriiing Boreowor's occupancy of tlie P�°operty ae Borrowec's principal <br /> residence. <br /> 9. Protection of Lender's Inlerest in the Property and Rights Under this Security Instrument, lf(a) <br /> &orrower fiails to perform Yhe covenants aud agreemenEs cont<uiaed in this Security Instrumeiit, (b) there is a <br /> legal proceediug that might significvrtly affect�Lender's iuterest in Ehe Propeity and/or rights under this <br /> Sccr�rity instrument (such as a proccecli�� in Ufl��1cruptcy, proUate, fo1'condemnation or forfeiture, for <br /> enPorcemenC aP a lien which mny atCain��ciori(y ower tl�is Seeurity InsLrumcnt or tio cnforcc laws or <br /> regulations), or (c) Borrowe�•has nbandonecl the Pro�exty, then Lencler may do nnc{pay Por whatever is <br /> reasonable or a�propriate to protect Lendei's interest in the Property and righte under this Securiry <br /> instr urnent, including proteckitlg anc7/or assessi»g tl�e value of khe Property, and secucing and/or ee�au�ing <br /> Che Propex6y. Lender's ac[ions can include, buC are no�'limited to: (a)paying any sums sccured Uy a lien <br /> wluch has priority over ttiis Seaurity Tnstrument; (b) �ppe�u•ing in cow•t; and(c)payiug reasona6le�ttorneys' <br /> fee� to protect its interest in the Property and/or rights under fliis Security InsYrmnenY, includ�ing its secured <br /> poeilion in a banla upt'cy proceeding. Secm-ing khe Property incliuie.s, 6ut is not lirniticd to, cnCe�ing the. <br /> Propexty to make repairs, chan�;e lacke, replace or bo�rcl up doors and wiudows, drain wnter ftom pipes, <br /> eliiniiiate buildiilg or other code violations or dazigerous conditioi�s, and haue utiliEiea turned on or off. <br /> Alfl�ou�h Londcr may ta1ce action w�der dlis Section 9, l,efldet does nof]�ave Co do so and is not mider any <br /> duCy or obligntion to do so. Il ia ngreed lhat Lender incm�s no lial�ility Por not talcing any��r all acHons <br /> authorized under tkue Section 9. <br /> Any amounks disburscd by Lender midor thia �ccNo�i 9 shall hecomc addiliona1 d�bt of Rorrower aecw�ed by <br /> thie Sec��uity Instrument. These a�nounts shtill bear interest At the Note rnte fiom the date of disbursemenC <br /> and sl�all be payaUle, witli such interest, upon notice f'roin Lender to I�orrower requesting pn}nnent. <br /> It'tliis Sacnrity Instrmnent is on a leasehold, Borrower sha11 coinply witil�a11 Y1ie provisions of the lease. If <br /> Sarrower acqt�ires fce titic to thc]'rqperty, tl�c lcae�hold and the fee title shall not inei�e wiless Lender <br /> agrees to the i�erger in writing. <br /> 10. M oYtgage Insuranee. Tf Lender required Mortgnge Inaurnuoe as a condition of mnlring fhe Loan, Bc�rrower <br /> shall pay tlie preinimns reqiured to inainCain the Mortgaga liisurance in effeet. IP, f'or any reaeon, the <br /> Mortbago insurance covera.ge required Uy l,ender ceases to Ue ctvailaUle froin Uie morCga�ga insm'er thek <br /> previously provided sueh insurance and Borrower was required fo make separatoly dosigi�atcd payments <br /> towaa•d tha pramiums Por Mortg�ga Insurance, Bon ower sh<�11 pay the premiuuie required lo ol�Cain wvecage <br /> substaiitially equivalent ko the Mortgage lns�uailoe previously in efPecC, at a cost substiantially equiv�lent ta <br /> Che cosC fo Borrower of fhe Mortgnge Insurarice previotiisly in cffect, fiom an alternate mortgage ineurer <br /> selected Uy Leiader. If subsYnntially equivalent Mortgage Tnaurxuee cover�ge is not nv�ilable, Borrower shall <br /> zqoa2�oo <br /> NF9RA3KASIOgIeFamily-FannleMeelFroddioMaoUNIFORM INSTRUMFNT Form30201107 <br /> VM P OO VM PB(NE)(1105) <br /> Wolters Klbwer Rnanclal Servlaes Pnge 8 ot 1� <br />
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