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201210549
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Last modified
7/20/2017 10:05:07 AM
Creation date
12/12/2012 3:42:26 PM
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DEEDS
Inst Number
201210549
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201210549 <br /> for tl�e repairs end restora6on in a 5ingle paymeuC or in a series of progress payincnts as thc wor1c is <br /> completed. I£Ehe insurance ot condemnation procceds are not sufficient to repair or restore the Propeity, <br /> Borrower is uot relieved of Borrower's oUlig2Cion Por lhe complctiai of such repair or restioratiion. <br /> Lender or its agent may make reasonnble eutries u�on and inspections of fl�e Property. If'it has reasonnUle <br /> cause, Lender may Inspect tha interior of the improvementa on fhe Property. Lender shall give Borrower <br /> notice at the time of or prior to such ui inCerior iuspeoYion specifying suoh reasonablc cau�c. <br /> 8. BorroweY's Loan ApplicaYion, Borrower shall be in def�ult if, ciuring tihc Loan applicat{on process, <br /> Borrower or any persons or entities acfing at ilie directiou of Borrower or with Borrower's knowlcdgc or <br /> oonsenC gava inaterially fnlse, inisleading, or inawurato information or slatements to Lender(or failed Io <br /> provide Lender witl�material infonnation) in coiuiection with the Loan. Ma[erial representallons include, but <br /> are not IimiCed fo, rapresenlalione conccrning Borrowcr''s oocupuicy of the Property as Borrower's principal <br /> residence. <br /> 9. Protection of Lender's Interes4 in the Property and Rights Under this Security Instrument. If(a) <br /> Boirower f'ails to perform the covenants and agrea�nents wnl�ined in tl�is SccLu ity lustnmient, (U)there is � <br /> 1ega1�rooeecling that ixlight significanPly a£fect Lender's interest in the Properly and/or rigl�Ys timder flris <br /> Security Ins6'tiunent(stich as a proceeding in banlu�tptcy, probate, fbr condemnnLior�or �Porfeituro, for <br /> enforcen�enC oPa lien which inay attain priority over this Security InstrumenY or to enfotce laws or <br /> regidations), or (cJ Borrower has abandoiieci 6he ProperCy, thcn Le��der may clo aud pay fpr whaCever is <br /> ceaeonabla or appropriate to protecti Lender's interest in the Proparly and rigl�fe under this Sectiu•ify <br /> Ii2str�uncnt, including prpt:ecting and/or asseseing the value o�P the Property, nxid securing nnd/or repairing <br /> the Pxopetty. Lender'e actions ct�n include, but tuo not limitui ta (a)paying any stuns sacured by a lien <br /> which has prioritiy over tlils 3ecurity InsYrument; (b) eppearing in coiut; �nd(c)payii�g xcasonable attameys' <br /> fcos to protcct its intcrest in the Property and/or rigl�ts undac this Secu1•Ity Tnstrument, inch�ding ils securcd <br /> position in a banlcruptcy proceeding. Securing thc Property inoltiides, but is not liinited to, entering the <br /> Property to make rep�irs, change locks, replace or board up doors ai�d windows, draui water fiom pipes, <br /> eliininate building or ollxer eode violations or dn�rgerous conditions, and have utilitics turrccd on or off. <br /> Alfliough T_,ender may take action wider this Secl'ion 9, Lender does not have Co do so a�id is noh under avy <br /> duty or obligation to c�o so. 7t ie agreed Y1�at l,ender incnrs uo liabiliry �1or not taking�any or all actions <br /> auU�orized under this Section 9. <br /> Any amounts dinUursed by Lendcr uncler this Seotion 9 s1Ta11 Uecome additional debt of Borrower secured by <br /> this Seciirity Instrtiment. These amoun[s shall bear inCeresC at Lho Not�e iato from the date of disbursement <br /> aaid shall be pay�ble, with such interest, upon notice fx•oin Lender Yo Borrower requeating payment. <br /> If this Secm•ity Instrwnent is on a leasehold, Borrower shall comply with all lhe provisiovs oP Cl�c lcasa If <br /> Borrower acquires fee title to the Property, the leasehold end the f'ee title shall nat merge unless Lender <br /> agrees to the merger 1n writing. <br /> 10. M ortgage InsUranee. If Lender rcquired Mortgagc insurance as a condition of making fhe Loan, Borrower <br /> shall pny the pretniums xequired to maintain th�Mortg�ge Inem�ance in effect. If, for nny reason, fl�e <br /> Mortgage Hismauce coverags required Uy Lender aeases to be tivulable from the mortgage ineurer thae <br /> previously provided euch ineurance�ud Borrowor was rcquircd to ma1<e separately deei�nated payments <br /> toward the premiuma for Mortgage Insuranne, Borrower shall�ny flie premituns required fo oUt�in coverage <br /> subetantially equivalent to Uie Mortgage Insw•vice previously in effeot, sU a�cost suUstnnCially equivelent Co <br /> tl�c cost to Borrower n£tUo Mortgago Insuranoc�ireviously in erfeot, from an alternate mortgaga instu�er <br /> seleoteci by Le�ider. If snbefanlially equivalenC MorCgage Inam'ance coverage is not availablc, Botrower s6all <br /> 24003004 <br /> NEBPP,SKA-Sln�le Famiry-Fannle MeelFreddie tdnc UNIFORIvi INSTRUPd ENT f-onn 3028 V01 <br /> VIA P n VM P�(NF)(7105) <br /> lMoltcYs Kluwer Financlal Scrvlcos Pafle 6 of 17 <br />
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