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201209880
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Last modified
7/20/2017 10:02:40 AM
Creation date
11/27/2012 11:20:57 AM
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DEEDS
Inst Number
201209880
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201209880 <br /> for tho repvrs �nd reatoration in a single payinent or in a series of progress I�ayinents as ihe work is <br /> compleled. If Yhe i�ietuance or condeinuation proceeds are not su�cient to repair or restore the I'roperty, <br /> Barrower'is noti raliaved of Borrower's obligakion for tl�o complotion of eucl� reE�air or restorafion. <br /> Lender or its agent may malie reasonaUle ent��ies upon a�id inspeckions of the Yroperty. lf it has rcasoriaUle <br /> c�use, Landar inay inspect the interior of thc improvcin�ntie oi�the ProperCy. Lencler slia1L give Boxxower <br /> notice aE flie time of or prior to suoh an n�[�erior inspec6ion apecifging siich renson�ble caase. <br /> 8. Borrower's Loan Application. Borro�ver shall�e iu dePnulc iP, during the Loan npplication process, <br /> Borrower or any persons or enti6es ac6ng at the diaecYion of'Borrower or with Rorrower's lmowlodgo ar <br /> consent geve maYerially f'alse, misleading, or inaccurate informarion or stat'cmct�ts to Lender (or failed to <br /> provido Lende�-�vieh mn[eri�l information) in comiection witli the Loan. Material represeutations includc, but <br /> are not limited to, representaYiovs concerning Borrower'y occnpancy of the Vroperty as Burrower's piinoipal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Underthis Security Instrument. IP(n) <br /> Borrower fails to perfonn the covenants and agreu�nenCs oontained in this Security Insh�ument, (b)there is � <br /> Iegal proceeding t7iat n�ight signifcanCly nffect Lender'a interest in Y1ie Property and/or cights under this <br /> Security Insiruu�ent (sueh as a proceeciing in ba�ilcntptcy, probafe, for condemiiation or forfeiturq for <br /> enforcement of a lien which�nay attain prio�ity over this Sacurity Inetrumcnt or fo enforce lawa or <br /> regulations), or(c) Ron owcr l�as abzndoned the Property, then Lender may do and pay fur whatever is <br /> rcasonaUlo or appropri�Ce Lo protect Lender's interest in the Property and rights wider this Security <br /> Ii�ulrlunent, including protecting aaid/or asseesing flie value of tho Yropc�'ty, and securing and/or rep�iriug <br /> tlie Property. Leuder's actions can includq but are not limitec{Co: (a)paying any sums secured by a lien <br /> which has priority ovcr this SecnriCy I�istnunent; {b) a�eea ing in conrt; uid (e)paying re�sonabls atComays' <br /> f��s t��protcct its inCere,�t in the Properry and/or righes under this Security InsY�vment, including its secured <br /> posifion in�bankrnptcy proceeding. Securiug(1ie Property nicludes, but is not limited to, entering tl�c <br /> Property to inake repairs, change locics, replace or board up door•a and wiudows, drain water fi-om pipes, <br /> eliminate building or�oYl�er code viplations or d�ugorous condiiions, u1d hnve uEilities [ucned on or off. <br /> Although Lender may take acrion under this Section 9, Lender does not have to do so azid is not under any <br /> duty or obligation to do so. IC is agreed that Lender incurs no liability for not taking any or all action� <br /> nuthorized undar this Sootion 9. <br /> �1ny ainounts disbtiused l�y Lender titnder tl�is Seetion 9 sl�all beco�no additional debt of B�rrowcr seeiu�ed by <br /> tl�is Security Instrnment. 'Cl�c5e anio�mCs ehall bear inCeresl at the No[e raCe fi�om the date of disbureement <br /> aud si�all be payaUle, with suoh interest, nprni notice fiain Lender to Borrower requestiug payment. <br /> lf this Sccurity ins�h�umeiit is on a leaseholci, F3orrower shall ooix�ly with all the proviaions of the lease. If <br /> Borrowe��aoquires fee title to the Property, the leeaehold �wid the f'ee title shall not merge unlesa Lender <br /> agrees to the merger in writing.. <br /> 10. M ortgage Insura,nce. if Lcnder rcquirod Mortgagc InEm�lnce as a oondiCiou of mniting 11ie Loan, Borrower <br /> shall pay the premiiuns reqiaired to meintain the Mortgage Insurnnce in effecY. Sf, for any reason, Yhe <br /> Mortgage Insuruioe wvera�ge required Uy Lender oeases to be availaUle from the mortgage insLtrer tl�at <br /> previousiy provided stiid� insurance and Borrowcr was reqiurcd Co make neparaCely desigi�ated payinent's <br /> toward thc pre�i�iums for Morfgage Inam nnoe, Borrower shall pay the prenuume reqnired to obtain coverage <br /> aubstantinlly equivalent to the Mortgage Tnsurnuce previously in efFecC, a�t a cost substantially equivalent to <br /> the coat to Borrower of tlie Mortgage Insuranca previously in effect, from an alternate inortga�e iusurer <br /> selectied by Lender. If snbstantially equivalent Mortgage 7nsurance coveragc is not avatlable, Rorrowcr shall <br /> zaoozaza <br /> N[BRA51</��Single Painily-Pannle MaelFretltlie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br /> VM P� VM P6(NE)(7106) <br /> Wolters Kluwar Finenclnl SerNces Page e of 17 <br />
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