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201607625
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Last modified
7/28/2017 10:00:21 AM
Creation date
11/15/2016 8:57:54 AM
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DEEDS
Inst Number
201607625
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2� 1 ��7�25 <br /> Lender or its agent may make reasonable entries upon and inspectior�s�f the Proper�y.If it has reasanable <br /> cause,Lender may inspect the interior of the impro�ements on the Proper�y.Lender shall give Borrower <br /> notice at the time of�r prior to such an interior inspection specifying such reasonab��cause. <br /> 8. Borrower's Laan Application.Borrow�r shall be in default if,during�he L�an appli�ati�n pro�ess, <br /> Borrawer�r any pers�ns or entities acting at the direction of Barrawer or with Barr�wer's knowledge <br /> or consent ga�e materia�ly false,misleading,ar inaccurate informatian or statements to Lender�or fail�d <br /> to pr��ide Lender with material infarmation}in connection vvith the Loan. Material representations <br /> include,but are not limited to, r�presentations concerning Barr�wer's accupancy af the Property as <br /> Borrow�r's principal residence. <br /> �. Protection of Lender's Interest in the Prop�rty and Rights Under this 5ecurity <br /> lnstrument. rf(a}Borr�wer fails to perform the co�enar�ts and agreements contained in this Security <br /> Instrument,(�}there is a�egal proceeding that might signifi�antly affe�t Lender's interest in the Froperty <br /> andlor rights under this Security Instrument(such as a praceeding in bankruptcy,probat�,for condemnati�n <br /> or forfeiture, f�r enforcement of a lien which may attain pri�rity o�er this Security Instrument ar to <br /> enforce�aws or regulations},or�c}Borrawer has ahandoned th�Property,then Lender may do and pay <br /> f�r whate�er is reasonable or appropriate to pratect Lender's interest in the Property and rights under this <br /> Secur�ty Instrument,including protecting andlor assessing the�alue of the Property,and securing andlar <br />� repairing the Property. Lender's act�ons can include,but are not limited to: (a}paying any sums secured <br />� by a lien which has priority o�er this Security Instrument;�b}appearing in court;and�c}paying reasonable <br /> i att�rneys'fees to protect its interest in the Property a.ndl�r rights under this Security Instrument,including <br />� its secured position in a bankruptcy proceeding. S�curing the Property include�,but is not limited to, <br /> enter�ng the Praperfiy to make repairs,change lo�ks,replace or baaxd up daors and vvindows,drain water <br /> from pipes,eliminate building or nther code�iolations or dangeraus conditions,and ha�e utilities turned <br /> on or off.Although Lender may take action un�er this Section 9,Lender does not ha�e ta do so and is <br /> not under any duty ar ohligation ta do sv.It is agreed that Lender�ncurs no liab�lity for not taking any <br /> or all action�authorized under this Section 9. <br /> Any amounts disbursed by L�nder under this Section 9 shall become additi�nal debt of Barrower se�ured <br /> hy this Security Instrument.These amounts shall bear interest at the Note rate firom the date of dishursement <br /> and sha���e payabie,with such interest, upon notice fram Lender ta Borrower re�uesting payment. <br /> If this Security Instrument is on a leasehnld,Borr�wer shall compiy with all the pro�isians of the lease. <br /> If Borrower acquires fee title to the Property,the leasehold and the fee title shall not merge unless Lender <br /> agrees to the merger in writing. <br /> 'I�. M�rtgage Insurance. If Lender required Mor�gage Insurance as a condition of making the Loan, <br /> Borrovver sha1�pay the premiums required to maintain the Mor�ga�e Insurance in efFe�t.If,for any reason, <br /> the Mortgage Insurance co�erage required by Lender ceases to be a�ailable fram the mortgage insurer <br /> that pre�ious�y pro�ided such insurance and Borrower was reyuired to make separately designated <br /> payments t�ward the premiums for Mortgage Insurance,Borrower shall pay the premiums required to <br /> obta�n co�erage substa.ntially equi�alent to the Mortgage Insurance pre�iously in efFect,at a cost <br /> substantially equi�alent to the cost to Borrower of the Martgage Insurance pre�iausly in effect,from an <br /> alternate mort�age insurer selected by Lender. If substantially equi�alent Mortgage Insurance co�erage <br /> is not a�ai�able,Barrower shall�nntinue to�ay to Lender the amaunt of the separately designated <br /> 1138827543 <br /> 11115 <br /> VMP� <br /> Wolters Kluwer Financial 5ervices 20161D311s.1.�.3537-J20160219Y Initials: Page 8 of 17 <br /> * <br />
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