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.�. ..�.....�. �___.�.��. �._.._� v.. _ _N... . �_.. . _.. .. _..__�_... . . 2� 1 7� 1 8 2 9 <br /> Secun�y�nstru�nen�,��.c�uding prote��ing andlor assessing th�va�ue of fihe Prope�,and securing andlor re�a�rang�he <br /> Proper��.Lender's ac�ions car�inciude,but are not I�mited�o:�a�paying any sums s�cured by a Iien�vl�xch has priorit� <br /> o�er th�s�ecurity Instru�n�nt;�b}appearing in court;and�c}pay�ng�easonabie a�tvrneys'fees�o pra�ect it�inter�s�i�.�he <br /> Proper�y andJor r�ghts under this Securi�y�ns�rument,xn�eluding i#�se�ured pasiti�n in a bankrupt�y proceed�ng.5ecuring <br /> th�Property imc�udes,but is not limited�o,en��ring the Prop�z�y to rnake repairs,change locks,replace or board up do€�rs <br /> and�vimdows,dra�r�vtra�er from p�pes,����nina�e bu�iding or t�ther c�de�iola�ia�ts or aangeraus cQnditions,and haWe <br /> utilities�u�ned on o�-off.A1�hough Ler�d�r�a�ta�e action unde��h�s Sect�on��L�nder do�s n�t have�o d�so and is nc�# <br /> und�r a�y du�y or�bligatian to �ia so. �t is agz�eed�hat Lender incurs no liab�I��y fo�r no�taking any or a11 act�ons <br /> auth�ri�ed under this 5ection 9. <br /> Any amtiun�s di��ur��d by Lend�r under��.�s Sec�ifln 9 shall become add��zona�deb�of�3orrov�er s�cured by th�s <br /> Security Ins�rumen�, These amaurits shal� bear in��rest at the Nate rat�frvrrx the date vf disbursern�nt a�nd shall be <br /> payab�e,�vvi.th such interes�,up�n noti�e frvm Lender�o garruwe�r r�questing paymen�. <br /> If this S�curi�y Ins�rument�s an a�easehc�ld,BarrQ�ver shall comply�i�h al��he pz-o��signs of the lease.�f Barrow�r <br /> acqu�res fee ti��e��the Pra�er�y,�he leasehold and th�fee title s�at�no�m�r�;e unless Lend�r agrees tc��he merger in <br /> �vrit�ng. <br /> 1�.IV�¢r�gage�nsuran�e.If Lender required Mortgage�nsur�n.c�as a condition�fma�ing th�i�oaM,B�rra�ve�r sha.�� <br /> p�y the pxemiu�ns requir�d�o maxntain���Mvrtgage�ns�tranc�in�ffe�t.�f,far any reas�n,�he Mar�gage Ir�surance <br /> �overage re�uired hy L�ende�r ceases�o be a�ai�alale firvm t�-i�martgage insurer that pre��ausl�pr�vid�d s�ch znsurance <br /> and Borrower was required�a make se�arately designa�ed payments towa�d�he pr�miums far Mortgage Insuran�e, <br /> Barrawer shaIl pay t�e premiums requ�red �o abtain e��erage substantiatly �quivaXent �a the Mar�gag� Insurance <br /> previous�}r in ef��ct,at a cost subs�an��a��y eyuiWalent tv�he co�t�a Bo�rower o�'the Mortgage�nsurance prew��u�Iy in <br /> effe�t,�`rom an a�terna�e mortgage insurer se�ected by L.�nder.�f substantialty equi�alent iVtartgage�nsu.�rax�ce coverage�s <br /> nat av�i�abie,Bonro�e�r shali c�ntinue to pay to Lender�h.e am�un�r�fthe separa�e��designated pa�men�s that were due <br /> when th� insurance coverage cease�.tv be �n ef�ect. L�nde�r v���� ac�ep�, us� and re�ain �hese payments as a non- <br /> refundabl�loss rese�ve in��eu of Mor�gage Insurance.Such loss reserve shall�e nonwrefu.n�.ab�e,no�withsi�at�d�ng th�fa�� <br /> that th�Laan is u�timately paid in fu1�,and Lender shall no�be r��ui�red ta pay Bo�rrower any int�r�st c��r e�rning�Q�.such <br /> loss reserve.L�nder can na lc�nger requi�e loss re�er��pa�rnents�f MorCgag�Insurance co��rage��n�h�arnou�t and fvr <br /> fhe p�riod tha�Lender�equ�Fes�prv�ided�y a�insurer sel����d by Lende�ag�in beeomes a�a��able,is obtained,and <br /> L�nder r��u�r�s sepa.rate�� des��ated paymen�s�ovva�-d t�e�arexniums for M�artgage �nsu.ran�e. �f Lender r�quired <br /> Mor�gage �r�surance as �.cond���on of making�he �van ar�d Bo�rrav�rer was required�a make separately des�gnated <br /> payrnent��av�rard the pren�iums for Mortgage Insuran�e,�or��wer shall pay�.he premiurns�r���ired to maintain M�rtgage <br /> Insurance in e�ect,or�a p�v�ide a�.an-refundab�e loss rese�-�e,uz�ti�Lender'�r�qurremen�for Mort�gage Insuran�e ends <br /> i� accardan�e w�th an� �ri,��ez� agreement betweer� �3�r�ov��r and Lender providing fa� such terminat�on or ►uaa.t�l <br /> �erminatian�s required by App��eab�e Law.I�o�hing in�his Sec�ion 1�af�fects Barrawer's ob��gat�on to pa�int�z-es�a�the <br /> rate grovided�n the 1�ate. <br /> �o�gag��nsuran�e r�imburses�,ender�or any en�ity�hat purchases the Nate�for certaxn l�sses it ma�incur if <br /> Bor�vwer daes not repay�he Lc�an as ag�reed.Borrow�r is�no�a party tv�he Martgage In�urance. <br /> Mvr�gag�Insu�ers�va�ua�e th�ir�otal risk an al� such�nsurance i��'o�ce from��me�o time,and may enter into <br /> ag�€�eernents w�th oth�r parties tha�shar�or modif�their risk, ar reduce losses.These agreemen�s a�re t�n terms and <br /> candi�ions that are sa��sfa��ory to�he mor�gage �nswrer and the a�her party �or parti��} to these agreements. �'�ese <br /> agreernents may require#he mgrtgage insurer tQ�na�e payments using any sour�e af funds that the mar�gage�nsurer rria�r <br /> haWe a�ai�able�wh�ch ma��nc�ude funds ab�axned from Moztgage Insuran�premium�}. <br /> As a resu�t of thes�agreements,L�nder,an�purchaser of the not�,another insurer,any reinsurer,any o�her�nt��y,�r <br /> a��iafie��'an�r vf�h+�far�go�ng,ma�receive�directl�or indirec�ly}am�unts that deri�e frc�m�vr mi.�h�be chara�teri�ed <br /> as� a p�r�ior� of Borr�wer's payment�for Mor�gage�r�surance, in e�change for sh�ng or madifying the mortgage <br /> inswer's ris�,��r redu�ing�osses.�f such agreemen�pra�i�e��hat an affiliate af Lerider�ak�s a sha�e�f�he znsur�r's risl� <br /> in exchange for a shar�of�he premi�ams paid�o the insurer,�he arrangemen�is aft+en terrned"captive re�nsu.ranc�." <br /> Further: <br /> NE6RJ�SEC�-Single Family-Fann�ie�ia�IF�eddie M�UN�FORM 1NSTRUMENT Furm 3Q�8 �IQ� <br /> Page 7 af 1� <br /> �os,��c.-��s�s ��rrou�cr�s}Ini�ia�s � <br />