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201400400 <br />takes possession of the Mortgaged Property imposed by Subsection (c)(1) of Section 15 -1704 of <br />the Act; (4) repair or restoration of damage or destruction in excess of available insurance <br />proceeds or condemnation awards; (5) payments deemed by Lender to be required for the benefit <br />of the Mortgaged Property or required to be made by the owner of the Mortgaged Property under <br />any grant or declaration of easement, easement agreement, agreement with any adjoining land <br />owners or instruments creating covenants or restrictions for the benefit of or affecting the <br />Mortgaged Property; (6) shares or common expense assessments payable to any association or <br />corporation in which the owner of the Mortgaged Property is a member in any way affecting the <br />Mortgaged Property; (7) if the loan secured hereby is a construction loan, costs incurred by <br />Lender for demolition, preparation for and completion of construction, as may be authorized by <br />the applicable commitment, loan agreement or other agreement; (8) payments deemed by this <br />Security Instrument to be required pursuant to any lease or other agreement for occupancy of the <br />Mortgaged Property; and (9) if this Security Instrument is insured, payments of FHA or private <br />mortgage insurance required to keep such insurance in force. <br />(b) All Protective Advances shall be so much additional indebtedness secured by this <br />Security Instrument, and shall become immediately due and payable without notice and with <br />interest thereon from the date of the advance until paid at the Applicable Interest Rate provided <br />for in the Note. <br />(c) This Security Instrument shall be a lien for all Protective Advances as to <br />subsequent purchasers and judgment creditors from the time this Security Instrument is recorded <br />pursuant to Subsection (b)(5) of Section 15 -1302 of the Act. <br />(d) All Protective Advances shall, except to the extent, if any, that any of the same is <br />clearly contrary to or inconsistent with the provisions of the Act, apply to and be included in: <br />(i) determination of the amount of indebtedness secured by this Security <br />Instrument at any time; <br />(ii) the indebtedness found due and owing to Lender in the judgment of <br />foreclosure and any subsequent supplemental judgments, orders, adjudications or fmdings by the <br />court of any additional indebtedness becoming due after such entry or judgment, it being agreed <br />that in any foreclosure judgment, the court may reserve jurisdiction for such purposes; <br />(iii) if right of redemption has not been waived by this Security Instrument, <br />computation of amount required to redeem, pursuant to Subsections (d) of Sections 15 -1603 of <br />the Act; <br />(iv) determination of amounts deductible from sale proceeds pursuant to <br />Section 15 -1512 of the Act; <br />(v) application of income in the hands of any receiver or Lender in <br />possession; and <br />(vi) subject to paragraph 51 of this Security Instrument, computation of any <br />deficiency judgment pursuant to Subsections (b)(2) and (3) of Sections 15 -1508 and Section 15- <br />1511 of the Act. <br />- 93 - <br />