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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
Inst Number
201400400
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- 92 - <br />201400400 <br />(a) All advances, disbursements and expenditures made or incurred by Lender before <br />and during a foreclosure, and before and after judgment of foreclosure, and at any time prior to <br />sale, and, where applicable, after sale, and during the pendency of any related proceedings, for <br />the following purposes, in addition to those otherwise authorized by this Security Instrument or <br />by the Act (collectively, the "Protective Advances "), shall have the benefit of all applicable <br />provisions of the Act, including those provisions of the Act hereinbelow referred to: <br />(i) all advances by Lender in accordance with the terms of this Security <br />Instrument to: (1) preserve, maintain, repair, restore or rebuild the Improvements upon the <br />Mortgaged Property; (2) preserve the lien of this Security Instrument or the priority thereof; or <br />(3) enforce this Security Instrument, as referred to in Subsection (b)(5) of Section 15 -1302 of the <br />Act; <br />(ii) payments by Lender of: (1) principal, interest or other obligations in <br />accordance with the terms of any senior mortgage or other prior lien or encumbrance; (2) real <br />estate taxes and assessments, general and special and all other taxes and assessments of any kind <br />or nature whatsoever which are assessed or imposed upon the Mortgaged Property or any part <br />thereof; (3) other obligations authorized by this Security Instrument; or (4) with court approval, <br />any other amounts in connection with other liens, encumbrances or interests reasonably <br />necessary to preserve the status of title, as referred to in Section 15 -1505 of the Act; <br />(iii) advances by Lender in settlement or compromise of any claims asserted <br />by claimants under senior mortgages or any other prior liens; <br />(iv) attorneys' fees and other costs incurred: (1) in connection with the <br />foreclosure of this Security Instrument as referred to in Sections 15- 1504(d)(2) and 15 -1510 of <br />the Act; (2) in connection with any action, suit or proceeding brought by or against Lender for <br />the enforcement of this Security Instrument or arising from the interest of Lender hereunder; or <br />(3) in connection with the commencement, prosecution or defense of any other action related to <br />this Security Instrument or the Mortgaged Property; <br />(v) Lender's fees and costs, including attorneys' fees, arising between the <br />entry of judgment of foreclosure and the confirmation hearing as referred to in Subsection (b)(1) <br />of Section 15 -1508 of the Act; <br />(vi) expenses deductible from proceeds of sale as referred to in subsections (a) <br />and (b) of Section 15 -1512 of the Act; <br />(vii) expenses incurred and expenditures made by Lender for any one or more <br />of the following: (1) if the Mortgaged Property or any portion thereof constitutes one or more <br />units under a condominium declaration, assessments imposed upon the unit owner thereof <br />deemed by Lender to be required to be paid; (2) if the Mortgagor's interest in the Mortgaged <br />Property is a leasehold estate under a lease or sublease, rentals or other payments required to be <br />made by the lessee under the terns of the lease or sublease; (3) premiums for casualty and <br />liability insurance paid by Lender whether or not Lender or a receiver is in possession, if <br />reasonably required, in reasonable amounts, and all renewals thereof, without regard to the <br />limitation to maintaining of existing insurance in effect at the time any receiver or mortgagee <br />
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