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201210796
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Last modified
7/20/2017 10:05:51 AM
Creation date
12/19/2012 11:46:41 AM
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DEEDS
Inst Number
201210796
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201210796 <br /> for the repairs and restorltion in a singlo payinent or in a seriee oP progress paymeuts as fl�e woilc is <br /> completed. IP ihc insuranca oi conde�nn�Lion proceeds are not anffioient to ropair or rastor�the Property, <br /> Boirowar is not relievcd of Borrower's oUligation for the complekion of auch repair�or resCoration. <br /> Lender or its ngent may make ieasouable entries npon and iuspactiona of the Properry. PF iY has reeaonablc <br /> c xuse, Lender may inspecC tl�c interior of Uie improvements on the ProperCy. Lender shall g'ive Bomowec <br /> noficc at the tiine of'or prior to such an intecior inapeoYion epecifying such reasonable cause. <br /> 8. Borrower's Loan Application. Borrower shall Ue in defnulC if, during tha Loau npplioafion process, <br /> 73oxrower or airy persons or entities aoting ati thc�direction of Borrower or wifh Rorrowar's]rnowledgo or <br /> consent gaue matcrially falsa, mislelding, ox inaccurate infonnation or st�tements to I,ender(or falled to <br /> provide Lender wilh n�aterial information)in comiecUiou with tho Loa�n. Material represeiitati�ns include, but <br /> are not]rmited to, representarions ooncr,ti ning Rorrower's occupancy of Ehc Property as Borrowet's privcipal <br /> reeidenoe. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Bon•ower fail�to pcYforni the covenanta end agreements coutained in this SecmiCy Inetrument, (b)fliere is n <br /> legal proceeding that might nignificantly affect Lender's interest in the Property and/or rigl�ts imder this <br /> Sccurity]nstruanant(such ae n proceeding in bankrupYcy, peob�cte, Por condemnation or forPeiLure, Por <br /> enforoement of a lieu whieh may aEtnin priority ovcr fhis Secm�ity Ineh�umenf oc to euforce laws oc <br /> ragulaYions), or(c)Boirower has abaudoned the Property, then I,ender mtty do and�ay fpr whatever is <br /> reasonable or appropriate to protoct I.ender's interest in the Property and riglrts under thia Seourity <br /> IustrLunent,includi�ig protecting and/or asseysing tihe value of the Property, and securing aud/or repairing <br /> the Propc�rty. Lender's actions cnn include, but aro uot limited to: (a)paying ang sums secured Uy z lien <br /> which has priority over this Seetuity InetrumenN, (b) appcaring in cow�t; and(c)paying rc�asor�aUle attorneys' <br /> fees tio protect ita intere.st in the Property and/oc rights under Ihis Security Instnunent, inclnd'nig its ewured <br /> position in a banla�uptcy�roceeding, Su;uring the Proparty includes, but is not]imited to, entaring khe <br /> ProperLy to mn1ce repairs, change locke, repl�ce or bc�tu�d up doors and windowa, drai�a watcr fi om pipes, <br /> eliininate building or otUcr code violatious or dangerous oonditionn, and have utilities turued on m�of£. <br /> Altliougli Lender may take aotion undce this Section 9, Lender does no[haue to do so and is not under nny <br /> duty or ohligation to do so. IE is ngreed Ch�C Lendcr incurs no linl�ilitiy for not tnking any or a71 �ctions <br /> authorize�l undcr th�s Section 9. <br /> Any amotui� disbursed by Lendcr uuder tliis Section 9 ehall become additional deUt of Borrower secured by <br /> tl�ls Sectiuity Histrument. These arnounCs shall bcar interest at Che Note rate fi�om the datic of disbursement <br /> anci shall bc payaUle, with such interest, upon uoticc from Lender to Borrower requesting payv�ont. <br /> If this Swtiuity �netranent is on a leasehold, Borrowor shall eoinply with all the provisions of tl�e 1ease. If <br /> Borxower acquires fec title to the Propertiy, Phe lensehold anci tho fcc title sl�all not ineiga unless Lender <br /> agrees to tlie mecger in writing. <br /> 1 D. M ortgage Insurance. If Lendex reqiiired 1Vlortgago [nsurance as a condition of making 11io Loan, I3orrower <br /> ehtfll pny H�c premiums required to mzintain the Morhgage Insuranoe in effect. If, Por flny reasoci, Lha <br /> Mortgnge Insuiance covcr�ge reqnired by Lander oeases W be avvlzhle from tlie mortgage insurer that <br /> previously provided suoh insuranco aud Rorrower was reqaired to make separato]y desiguated payments <br /> toward flie prainiume Por Mortgnge Ineuranec, Borrower sha11 pay the�remitmis required to cibtaln coveLage <br /> sul��uantial1y eq�iivalent to the Mortgage Ineurence previous7y in effect, at a cost subatnxitially eqnivalc�rt to <br /> Ehe cost to Bocrower of thc Mortgage Insuraaice previously in ePfecP, from an alternaPe mortgage ineurer <br /> select�ed by Lender. If subatanCially equivalont Mortgage Insurance coverage is not availHble, Rorrower shall <br /> 2aaaso�e <br /> N 58HA3KA-9ingle Fem Ily-f-annie M aelFredtllo M ec Il N IFORh1 INST RU M ENT Porm 3020 1/A 1 <br /> VM P p VMPB(NE)(11�5) <br /> Wolters Kluvrer Flnanclal9ervlces PegeB of 7] <br />
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