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200304014
<br />Lender or its a ant may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may
<br />inspect the interior er the improvements on the Property. Lender shall give Borrower notice at the time of or prior to such an interior
<br />inspeulion specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any
<br />Persons or entitles acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or
<br />naccurate information or statements to Lender for failed to provide Lender with material information) in connection with the Loan.
<br />Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as
<br />Borrower's principal residence. 1-1 o r
<br />9. Protection of Lender's Interest In the Properry ane nlynra .•1.x=1 I-'
<br />- - -- -- -
<br />lails to perform the covenants and aghreamnts contained m thhis Security Instrument, (b) there is a at proceeding That might
<br />signilicanfer cofndemoa on ortforle ure, foreNOrcementoolre on wmhlmay attain prlordy overth scSecu yIns
<br />Ins r I, t in rank reasonable enfotr r
<br />probate,
<br />laws er regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay forincWdIn of rotecling annd/or
<br />appropriate to protect Lender's interest in the Property and rights under this Security Instrument, 9 P
<br />aseassin9 the value of the Property, and scouring and(er repairing the Property- Lenders ri actions can Inolud but are not limbed to
<br />(a) paying any sums secured by a Ilan which has priority over this Security Instrument; (b) appea in court', and (c) paying
<br />reasonable attorneys' fees to protect Its interest in the Property and/or rights under th ring is Security Instrument, including its secured
<br />posfien in a bankruptcy proceeding. Securing the Propertyra ncluvtlees, buts ioes�eliminale
<br />to n thor other code rvio atioensalor ants in
<br />change locks, replace or board up dens and windows, dd g P P a
<br />have to do so and Is snot drha's utkita y ornobligat on tfe do so.0 phis agrreed that Lanuorlincurs dno this fornnot t an er king any or all
<br />actions authorized under this Section 9.
<br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Security
<br />Instrument. These amounts shall bear interest at the Note rate from the data of disbursement and shall be payable, with such interest,
<br />upon notiou from Lender to Borrower requesting payment. I the
<br />title to I this Security ittI e leasehold and the feehtitlld eBorro of merge unless with atr agrose to the mergerlinawriting�rrower acquires fee
<br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay
<br />Lender ceases to be available from the
<br />the mortgage)irnsurer that prev iouslly provided such insurance annd lBorrowerr was errequired to make
<br />separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the pryemiums required to obtain in
<br />coverage of the Morygage Insurance previous ly in effect, from anialtelrnateamortgage insureruselectedlay Londernlllosubstanti substantially
<br />equivalent Mortgage Insurance coverage is not available, Borrower shall continua to pay to Lender the amount use and retain
<br />payments that ware due when the insurance coverage ceased to be in effect. Lender will accept,
<br />payments as a non - refundable loss reserve in lieu of MI Igo a Insurance. Such loss reserve shall be non - refundable,
<br />notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or the amount
<br />as reserve and for the such lose Lender reL.r ar provided by longer require
<br />insurer selected by payments
<br />Lender agaiMortgage be es available, Is obtained, and Lender
<br />requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a
<br />Mortgage oln eking the
<br />Borrower and Borrower l the premiums to
<br />required losmainlaen Mortgage dInsur Insurance effect, or premiums
<br />o Provide a
<br />condition non - refundable loss reserve, until the Lender's requirement for Mortgage Insurance Dods In accordance Late Nothing hest
<br />between Borrower and Lender providing for such termination or until termination is required by Applicable
<br />Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note.
<br />Mortgage Insurance reimburses Lender (or any entity that purchases the Nate) for certain losses it may incur if Borrower does
<br />not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance,
<br />risk on all each insurance in torte from time to time, and may enter Into agreements with
<br />Mortgage insurers evaluate their total me ana on the mortgage insurer and the oither party (rparties) t losses
<br />o these agreements These agreementsa may require the mortgage sinsurer to
<br />make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from
<br />Mortgage Insurance premiums). or an
<br />As a result of these agreements, Lender, any purchaser o)f the Note, another insurer, any roinsureq any other entity, y
<br />of
<br />affiliate
<br />Burrrower'e payments 9ornMortagage Insurnce (directly in oezchan teyior sharing or mo derive
<br />difying the rmomight
<br />rrtgage Insuer'sririska share of th
<br />losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's bek in exchange for a share of the
<br />premiums paid to the Insurer, the arrangement is often termed "captive reinsurance" Further'.
<br />(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />insurance, or any othey f other terms of the Loan. entitle Such agreements refundt increase the amount Borrower will owe for
<br />Mortgage
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may Include the right to
<br />receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage
<br />Insurance terminated automatically, and /or to receive a refund of any Mortgage Insurance premiums that were
<br />unearned at the time of such cancellation or termination.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and
<br />shall be paid to Lender.
<br />It the Property is damaged, such Miscellaneous Proceeds shall be applied 10 restoration or repair of the Properly, if the
<br />restoration or shall have the repair ht to hold s ch Miscellaneous lalneous Proceeds until Lender has had an opportunity 10 Inspect such Property to )ensure then
<br />work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may pay for
<br />_Man nt land rest n writing or Applicable law requires lI ..rise of
<br />be paid on such payments M sellaneous Proceeds, Lendert shall not be
<br />required to pay Borrower any Interest or ear ningsee Miscel aneous Proceeds shahs befappliedstorthe sums repair cured by this Security
<br />feasible or Lender's security would be lessened, if an aid to Borrower. Such Miscellaneous Proceeds shall be applied in the
<br />Instrument, whether or not then due, with the excess, y. p
<br />order provided for In Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proc erds shall be applied tot the
<br />sums secured by this Security Instrument, whether or not then due, with the excess i , y, p a
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