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202111053
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1/3/2022 9:10:07 AM
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1/3/2022 9:10:05 AM
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202111053
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202111053 <br />released proceeds for such purposes. Lender may disburse proceeds for the repairs and restoration <br />in a single payment or in a series of progress payments as the work is completed. If the insurance or <br />condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of <br />Borrower's obligation for the completion of such repair or restoration. <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has <br />reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall <br />give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable <br />cause. <br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application <br />process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's <br />knowledge or consent gave materially false, misleading, or inaccurate information or statements to <br />Lender (or failed to provide Lender with material information) in connection with the Loan. Material <br />representations include, but are not limited to, representations concerning Borrower's occupancy of the <br />Property as Borrower's principal residence. <br />9. Protection of Lender's Interest in the Property and Rights Under this Security <br />Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security <br />Instrument, (b) there is a legal proceeding that might significantly affect Lender's interest in the <br />Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, <br />for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security <br />instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then <br />Lender may do and pay for whatever is reasonable or appropriate to protect Lender's interest in the <br />Property and rights under this Security Instrument, including protecting and/or assessing the value <br />of the Property, and securing and/or repairing the Property. Lender's actions can include, but are not <br />limited to: (a) paying any sums secured by a lien which has priority over this Security instrument; (b) <br />appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/ <br />or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. <br />Securing the Property includes, but is not limited to, entering the Property to make repairs, change <br />locks, replace or board up doors and windows, drain water from pipes, eliminate building or other <br />code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take <br />action under this Section 9, Lender does not have to do so and is not under any duty or obligation to <br />do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this <br />Section 9. <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower <br />secured by this Security instrument. These amounts shall bear interest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting <br />payment. <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the <br />lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge <br />unless Lender agrees to the merger in writing. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the <br />Loan, Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, <br />Wolters Kluwer Financial Services, Inc. <br />11 <br />Y <br />1809845497 <br />09/21 <br />2021 22221.2.0.3997- 20211026Y nitials. 41 Page 8 of 17 <br />V <br />Y <br />i <br />I I IliftIlllEllF 111f171111 <br />11 <br />11 <br />11 <br />
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