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201602323
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Last modified
7/23/2017 10:39:48 AM
Creation date
4/19/2016 8:41:49 AM
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DEEDS
Inst Number
201602323
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� <br /> , <br /> _� <br /> a <br /> , <br /> 2� 1 ��2323 <br /> Lender or its agent may make reasonable entries upon and inspections of the Property.If it has reasonab�e <br /> cause,Lender may inspect the int�riar of the impra��ments on the Prflper�y.�.ender shal�gi�e Borrow�r <br /> n�tice at the time of or priar to suCh an interi�r inspection specifying su�h reasonabte cause. . <br /> $. Borrower's Loan Appi�Cation.Borr�wer sha11 be�n default if,during the L�an appli�ation process, <br /> B�rrower or any�ersans or entities aeting�t the direction of Barrawer or with Borrowe�'s knowledge <br /> �r consent ga�e material�y false,misleading,or inac�urate infarmation or statements t�Lender(�r faiied ; <br /> to pro��d�Lender with materia�informa�ion�in connection with the Loan. Materiai representat�ans - <br /> include,but are nat limited to,representatians c�ncerning Borr�wer's occupan�y of the Pr�perty as ; <br /> Borrower's principal residenc�. � <br /> 9. Protect��n of Lender's �r�ter�st in the Property and Rights Under this Se�urity <br /> 1 nstrum�n�If�a}Borrov�er fail�t�perform the co�ena.nts and agre�ments cantained in th�s Securiiy <br /> Instrument,[b}there is a legal pro�eedin�that might sigmif cantly afFe�t L�nder's interest in the Progerty <br /> andlor rights under t�is Security instrument�such as a proceeding in bani�rupt�y,probate,far c�nd�rnnation <br /> or forfeitur�e,for enfvrcement of a lien whi�h may attain priority o�er this Se�urity Instrument c�r ta <br /> enfnrc�laws or r�gulations�,or[c�B�rrower has abandoned the Property,then Lender may do and pay <br /> far whatever is rea.sonable vr apprapriate to pr��e�t Lender's interest in the Property and rights under this <br /> Security Instrument,rncludi.ng protecting aridlar assessing the�alue of the Property,arad secur�ng andlor - <br />� repairing the Property. Lender's actions can include,but are not limited to: �a}paying ar�y sums se�ured <br /> by a�ien which has priority aver this Secur�ty Instrument;(b}appearing in caurt;and(c�paying reasonable <br /> attarneys'fees ta pmt�ct its interest in the Property andlor rights under this Secunty Instrument,includin� <br /> its secured pasition in a bankruptcy proceeding. Securing the Property inclu�es,but is not�imited to, <br /> entering the Froperty t�make repairs,change locks,replace or board up�oors and windaws,drain water <br /> fr�m pipes,eliminate building ar oth�r code�iolations or dax�gerous conditions,and ha��utiiities turned <br /> an or off.A�th�ugh Lender may take act��n under this Sectian 9,Lender daes not ha�e to do so�nd�s <br /> n�t under any duty or abligation to da so.It is agreed that Lender inc�urs no Iiabi�ity for not taking ar�y <br /> or alI acti�ns auth�rized under th�s S�ctian 9. � <br /> An amounts d��bursed� Lender under this Sect�on 9 shaii become additional de�t af Bo�-rower secured <br /> y y <br />� by this Security Instri�ment.These amounts shali bear interest at the Note rate fram the date of di�bursement <br /> ar�d sha�l�e payabl�,with such interest,upan noti�e from Lender to Borr�wer requesting paymerit. <br /> If th�s Se�urity Instrument is on a leasehold,Borr�wer shall cvmply with all the pro�is�ons of the�ease. � <br /> If Borrower acquires fee title to the Property,the leasehold ar��the fee title sha�l n�t m�r�e unless I�end�r <br /> agrees to the merg�r in writing. <br /> �I Q. Wlortga�� Insurance.If Lender r�uired Martgage Insurance as a condition of makin�the Loan, <br /> Borr�wer shall pay the premiums requ�re�to mainta.in the Mortgage Insurance in ef�ect.If,far any r�ason, <br /> the Mor�gage Insurance caver�ge required�y Lender ceases to be a�ai�able from the mortgage insurer <br /> that pre�i�usly pro�ided such insurance and Borr�wer�vas required to ma.ke separately desigmated - <br /> payments toward th�premium�f�r Mortgage Insurance,Borrawer shall pay the premiums requxred tn , <br />� obtain co�erage substantially equivalent to the Mortgage Insurance pre�iously in ef��ct,at a cost <br /> substant�ally equi�alent ta the ct�st to Barrow�r of th�M�rtgage Insurance pre�i�usly in ef�`ect,fram an <br /> alternate mart�ag� insurer se�ected by Lender.If�ubst�ntialty equi�a�ent Mart�ag�Insuranc�ca�erage <br /> is not a�a��able,Borrower sha11 cnntinue to pay ta Lend�r the amaunt of the separately desi�,mated <br /> . �,����o <br /> ��115 <br /> VMP� <br /> Wbl#ers Kluwer Finencial Services ��1604a745.1,0.3142,f20751124Y fniti�ls. P��e 9 of 17 <br /> . <br />
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