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200302633
<br />9. Protection ul Lender's Interest in the Property and Rights Under this Security Instrument. If
<br />(a) Borrower jails to pa'torm the COOetams and agreements contained in this Security Instrument, (b) there
<br />is a legal proceuting [hat rroht sinniticautly allmt [,order's interest in the Property and/or rights under
<br />this Securin Inatrmneut (such us a proceeding in bankmp[cy, probate, for condemnation or forfeiture, for
<br />entorectnent n! a lion r hidh m:n auxin prio :iv ocer this Security Instrument or to enforce laws or
<br />rcgulajinn", nr (c) Borrosur has abaudoncd 11 i Property, then Lender may do and pay for whatever is
<br />reasonabc or approprialc it pnncct Lender's inmresi in the Property and rights under this Security
<br />hutrumcm_ _ueluding pmt,njio and /or ,,cssirg the value of the Property, and securing and /or repairing
<br />the Propert_ _ Lend, , aollons can 'include. but are not limited m: (a) paying any sums secured by a lien
<br />which has priority over this Seurity Instmmcuq (b) appearing in court; and (e) paying reasonable
<br />attorneys teas to pminct its iutereM in the Property and /or rights under this Security Instrument, including
<br />its secured position in a buuknrpey Procccdin g. Securing the Property includes, but is not limited to,
<br />or tcring the P operp to makd Iepaits. chmtgc looks, replace or board up doors and windows, drain water
<br />from pipes. eliminate butldinc or other code violations or dangerous conditions, and have utilities turned
<br />on or ott..Ahhough Lender urtry take action under this Section 9, Lender does not have to do so and is not
<br />under airy dun or obhcution to do so. It is agIaud that Lender incurs no liability for not taking any or all
<br />actions authorized under this Section 9.
<br />An' eo:onuts disbursed. he Condo under this Section 9 shall become additional debt of Borrower
<br />secured br i1 _is Securtt_F Instrtuncnt. Thou an, imts shall bear interest at the Note rate from the date of
<br />disburscnacm and shall be p.n -ahlc, with such '.nrcien, upon notice from Lender to Borrower requesting
<br />paymeu.
<br />It this Security Instmmau is on it leasehold. Borrower shall comply with all the provisions of the
<br />Icas'c. It Borrower acquires Ice title to the Propmty, the leasehold and the fee title shall not merge unless
<br />Lender acne. to the merger :ii writing_
<br />10. Mortgage Insuratu, It Lcndcr required Mortgage Insurance as a condition of making the Loan,
<br />Borrower shall pay the praniums r gwicd to mnimain the Mortgage Insurance in effect If, for any reason,
<br />the Mortgage lusuranoc 'twice required by Lender ceases to be available from the mortgage insurer that
<br />previously provided such inwrnndc and Borrower was required to make separately designated payments
<br />toward the premiums lot Mdngage htmratsc, Borrower shall pay the premiums required to obtain
<br />coverage .zubs['autially cquiv:dcut to the ,Miolt age Insurance previously in effect, at a cost substantially
<br />equivalent I I the cost to Bnrro,crr of the M naaec Insurance previously in effect, from an alternate
<br />rot ttra__ r advtlod l ccdcr. .uh utinlly equivalent Mortgage Insurance coverage is not
<br />ar.tilah[,. h t, et n..it t.ituw to pm to L.,dcr the amount of the separately designated payments that
<br />were 11111 a1r1' the Insorancr ooluraeu corned to he in effect. Lender will accept, use and retain these
<br />payments : a uou- rclundahlc Ins reserve it licit nl Mortgage Insurance. Such loss reserve shall be
<br />e
<br />non- refundai4c, notwtdtsmndiu0 the tact that the I ran is ultimately paid in full, and Lender shall not be
<br />required to pnv Borrower am' imcrest or a aninee on such loss reserve. Lender can no longer require loss
<br />reserve payments if Mortgage Insurance doveraec (in dte amount and for the period that Lender requires)
<br />provided b, au insurer sdetiaca by hider aoain becomes available, is obtained, and Lender requires
<br />separately de,,,nmcd pstvmctrts toward the premiums tot Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a condhlon of making the Loan and Borrower was requited to make separately designated
<br />paN menu io,rard the premiums Jet Mortgage Insurance, Borrower shall pay the premiums required to
<br />maintain Mortgage Ittsunwac in etrcd, or to provide a non - refundable loss reserve, until Lender's
<br />rcquIrdment for .Mortaagc InSdrancC ends lit aCillydance with any written agreement between Borrower and
<br />Lend, nro, :d rip for suds termination nr until icninnation is required by Applicable Law. Nothing in this
<br />Section III ai tiers Bormm;e, , oI ligation to pay interest :u the rate provided in the Note.
<br />.MorLa,_c Insurance rcimburscs Leudcr (or any entity that purchases the Note) for certain losses it
<br />may inLm iI Borrower dour not repay the Lrau as agreed. Borrower is not a party to the Mortgage
<br />Insurance.
<br />MorL::oc insurer, evaln:uo their mad ask on all such insurance in force from time to time, and may
<br />enter into ugrvvmeuts wgth other parties that share or modify their risk, or reduce losses. These agreements
<br />arc on term, anti COndIGOna drat are sztisl'zcton to the mortgage insurer and the other party (or parties) to
<br />these agrceoctus. Those :tircenteus miry require the mortgage insurer to make payments using any source
<br />of toots that the mortgage roam -cr tnav haee ar, mlablc (which may include funds obtained from Mortgage
<br />lusmart, prci,,tums).
<br />mnae. A�C.UI
<br />Form 3028 1101
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