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201209535
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Last modified
7/20/2017 10:00:58 AM
Creation date
11/14/2012 10:46:33 AM
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DEEDS
Inst Number
201209535
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201209535 <br /> for the repairs and restoration in a single pay�nent or in a series of progress payments as the work is <br /> completed if the insurance or condemnation proceeds aze not suf�iclent to repair or restore the Pxoperty, <br /> $orrower is not relieved of Borrower's obligation for Yhe completion of such repair or restoratian. <br /> Lender or its agent inay make reasonable entries upon and inspections of the Prcrperty. If it l�as reasonable <br /> � cause, Lender may inspect the intcrior of the uuprovements on the Property. Lende-r shall give Borrov✓er <br /> norice at the tirne of or prior to such an imerior inspection specifying such reasonable cause. <br /> 8. Borrower s Loan Application. Bonower shail be in default if, during the Loan applicafion process, <br /> Borrower or any persons or entities acfing at the direction of Borrower ox with Borrower's knowledge or <br /> consent gave mate:ially false, misleading, or ivaccurate information or statements to Lendex(or failed to <br /> provide Lender with materiat inf�rmation) "vi connection wlth flie Loan. Material representations include, but <br /> aze not Iunited to, represenYations concerning Borrower's occupanoy of tlie Properiy as Barrower's principal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Sesurity Instrument. If(a) <br /> Bosower fails to gerfonn thc covenaz�ts and agxeements contained in tkus Security InstrLunent, (b)2here is a <br /> legal proceeding that migJit sienificantly affect Lender's interest in the Froperty and/or xighfs w7der this <br /> Security Instrument(such as a proceeding in ban�zptcp, probate, Por condemnation or forfeihzre, for <br /> enforcement oP a lien which may attain priority over tlus Security Ins[rument or to enforce laws or <br /> rcgulations), or(cl Borro�ver has abandoned the Property, then Lender may do and pay for whatever is <br /> reasonable or appropriate to protect Lender's interest in the Property and rights under this Security <br /> Instnunent, including protec�ing and/or assessing the value of the Praparty, and securing and/or repairing <br /> the Properry. Lender's aetions can include, bnt are not limited to: (a)paying any smns secured by a llen <br /> which has ptioiity o�ex this Security InstrumenT, (b)appearing in court; and(c)paying reasonable attorueys' <br /> fees to protect its interest in the Property and/or rights unda t1�is Securiry Instrument, Including its sectued <br /> position in a Uankruptcy proceeding. Securing the Properry includes, but is not liinitcd to, entering the <br /> Properry to make repairs, change locks; replace or board up doors and windows, drun�vater from pipes, <br /> elunlnate building or other code violations or dangerous conditions, and have utilities turned on or off. � <br /> 21[hough Lender u�ay take action Luidcr this Section 9, Lender does not have to do so and is not under any <br /> dury or obligation to do so. It is agreed that Lender incurs no liaUility for not takina any or all actions <br /> authorized un3er tlus Secrion 9. <br /> Any amounts disbursed by Lender under this Section 9 shall become additional dc;6t of I3orrower secured by <br /> this Security Instrument These amoimts shall bear 3nterest at the Note rate from the date of disb�sen�ent <br /> and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. <br /> di this Security Instrument is on a leasehold, Boaower shaIl comply with all the pro�risions of the lease. If <br /> Bo�ower acquires fee title to the Properiy, tAe leasP.hold and the fee title shall not mexge unless Lender <br /> agrees to the merger in writing. <br /> 10, M ortgage Insurance. If Lender rzquired Mortgage Insurance as a condition of making tlzc Loan, Borrower <br /> shall pay the prenxiu�ns required to maintain the Moxtgage lpsurance in effect I£, fox any reason, the <br /> Mortgage In�u-ance coverage required by Lender ceases to be available frorn the mortgage insurer that <br /> previoushr pro�cided such insurance and Borrower was required co xuake scparately designated payments <br /> towazd the premiuxn.s for Mortgage Insurance, Borrower shall pay the premiwns required fo obtain covcrage <br /> snbstantially eqttivalent to Yhe VIortgage Insurance previously in effect, at a cost substantially equlvalent to <br /> the cost to Borrower of the Mortgage Insurance previously in effect, from an altemate mortgage insurer <br /> selected by Lender. If substantially eqiuvalant Mortgage Insuiance eoverage is not auailable, Borrower shaR <br /> saaoz�az <br /> NFBWISKA-Sinq:e Family-Fznni=Ma=/Freddie bl ac LINIFORM INSTRUPA BJT Form 3028 1l�t <br /> Vrv1P.� VMPB(NEj(1 i05) <br /> NloRers Kluwer Fnxncial Services Page 8 of 1� <br />
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