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200611427
<br />201407692
<br />Security lnatrument, including its secured position in a bankruptcy procecxiing. Scenting the Property includes, but is not
<br />limited to, entering the Property to make repairs, change locks, replace or 'nerd up doors and windows, drain water from
<br />pipes, eliminate building or other axle violations nr tiringcronx cnruiirinna, and have utilities turned on or off. Although
<br />Lender may take +Action under this Seefion 9, Lender does not have to do so and is not under any duty or obligation to do so.
<br />it is agreed that Lender iswurs nu liability fur not taking any or all actions authorized under this Seeiiue 9.
<br />Any amounts disbursed by Lender ender this Section 9 shall become additional debt of Bon•ower secured by this
<br />Security Instrument. 'these amounts shalt bear interest at the Note rate from the irate of disbursement and shall be payable,
<br />with such iulerest, upon notice f'ruzn Lauder to Borrower requesting payment
<br />if this Security Insiruetteitt is on a leasehold, Borrower shall comply with an the provisions or the lease. If Borrower
<br />acquires fee title to the Property, the leavrhold and the fee title shall not neerp,e unless Lender agrees to the merger in writing.
<br />10. Mortgage insurance. If Lender required Mortgage insurance as a condition of making the Loan, Borrower shall
<br />pay the premiums required to maintain the Mortgage [assurance in effect. if, for wry reason, the Mortgage Insurance coverage
<br />required by Lender cc:a3es to ix: availrihle rmni the mortgage insurer that previously provided such inasur<•ence and Borrower
<br />, was required to make separately designated pay/rivets toward the premiums for MortMuge Laureate:, Borrower shrill pay the
<br />premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cote
<br />substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage
<br />insurer seteeted by Lender, If substantially equivalent Mortgage Insurance coverage Is not available, Dorrower shall continue
<br />to pay le Lender the amount of the separately designated payments that were due when the lnsure:nee coverage ceased to be in
<br />effect. Leader will accept, use and retain these payments as a non - refundable loss reserve in lieu of Mortgage Insurance. Such
<br />loss reserve shall be non - refundable„ notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />required to pay Borrower any Interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if
<br />Mortgage insurance coverage (in the amount and for the period dint lender requires) provided by stn insurer selected by
<br />Lander agile, bee:entree eveileble, ie obtainer, attd Lender requires separately designated ptyntertts toward the premium for
<br />Mortgage Insurance. if Leader required Mortuagt Insurance as a cundilioct of making the Loan and Borrower was required to
<br />make separately designated payments toward the p,•emiuina for Mortgage Insurance, Borrower shall pay the premiums
<br />required to maintain Mortgage Insurance in effect, or to provide a non - refundable toss reserve, until Lender's requirement for
<br />Mortgage. Insurance Cads in accordari;:e will: Piny Written agreentere b>etweeu Borrower decd 1 -ender providing for *oat
<br />termination or time termination is required by Applicable Law. Nothing in this Section 10 effects Dorruwer's eblig,•atioe to
<br />pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) tor certain losses it may incur if
<br />Borrower does not repay the Loan as agreed. Borrower is not. a party to the Mortgage Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance In forte from time to time, and may enter into
<br />agreements with other parties that share or modify their risk, or reduce Ioescs. These agreements are on totes and conditions
<br />that :are setisfectrory to the mortgage insurer and the other party (or parties) to these aerCeuteuts. These egret:merets may
<br />require the mortgage insurer to make payments using any source of funds that the mortgage ineurer may have available.
<br />(which may include funds obtained from Mortgage insurnnce premiums).
<br />As a result of these agreements, Leudea, any purchaser of the Note, another insurer, any reirtsurer, any other entity, Or
<br />any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might he characterized
<br />as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's
<br />risk, or reducing losses. If such agreement provides that an alfillale of Lender tales a span] of the insurer's risk in exchange
<br />for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further.
<br />(a) Any such agreements will not affect the amounts that J3nrrower has agreed to pay fnr Mortgage insurance,
<br />or any other terniS o f the Loan. Such agreements will not tnereace the amount Borrower will owe for Mortgage
<br />Insurance, and they, will not entitle TIoerower to any refund.
<br />(b) Any such srgre meets will not affect the rights Borrower has-4f any_.. -with respect to the Mortgage
<br />Incureutec under the Homeowners Protection Act of 1995 or any other taw. J'heee rights may include the right to
<br />receive certain disclosures, to request and obtain cancellation, of the Mortgage Insurance, to have the Mortgage
<br />insurance terminated automatically, atrrd/or to receive a refund of any Mortgage Insurance premiums that were
<br />unearned at the time ofsuch cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall
<br />be paid to Lender.
<br />If the Property is damaged; such Miscellaneous Proceeds dials, be applied to restoration or repair of the Property, if We
<br />restoration or repair is ceennrnically feasible and Lender's security is not lesseurd 'During such repair anti restoration period,
<br />Lender shall halite the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Proper ty
<br />NEDRANKA- ...Single (eerily-- t %anrhC Mae/Freddie MacliNr'N0 1:M INST RUM F.N'T :3
<br />ITEM 26 ilea). -MFRS :iiN - 13' IIOI
<br />(Pew 7 ( #'12 peglo) 10 Nat Call: r -,70 il- 5,70 - 939384 B 9 ND
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