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0042603332 <br />200305'705 <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If y <br />(a) Borrowefailsto perforrrthecovenant3ndagreementtntainefh thisSecurit *nstrumentb) theres <br />a IegalproceedingiatmightsignificantlyiffectLender 'snterestn the Propertpnd /orrightsunderthis <br />Securitylnstrumenjsuchas a proceeding bankruptcyprobatefor condemnatioar forfeiturejor <br />enforcemerdf a lien which may attainpriority over this Securitylnstrumenbr to enforcelawsor <br />regulationsor (c) Borrowerhasabandonethe P rope rtythenLendermaydo andpayfor whatevets <br />reasonabler appropriatdo protectLender'sinte rest n the Propertyand rights underthis Security <br />Instrumenipcludingp rotectingind /orassessirtoevalueof the Propertyandsecuringind /orrepairing <br />thePropertyLender' stctionsanincludeO utarenotlimitedto:( a )payinganysum $ ecuredyalienwhich <br />haspriorityoverthisSecurittnstrumen (b)appearing court;and (c)payingeasonabhltorneydeesto <br />protectts interesin thePropert)and/ orrightsundedhisSecurit�nstrumenttrcludingts secure¢osition <br />in a bankruptcproceeding>'ecuringhe P rope rtyncludesbut is not limitedto, enteringhe Propertlo <br />makerepairschangdocks,replac ®r boardup doorsandwindows,drainwaterfrom pipes,eliminate <br />buildingor othercodeviolationmr dangerousonditionsandhaveutilitiesturnedon or off. Although <br />LendermaytakeactiorunderthisSectior9, Lendeldoesnothaveto do soandis notunderanydutyor <br />obligatiorto do so. It is agreedhatLenderincursno liabilityfor not takinganyor all actionsauthorized <br />under this Section 9. <br />Any amountsiisbursedy Lenderunderthis Sectior8 shall becomeadditionatiebtof Borrower <br />securedby this Securityinstrumenfrheseamountshallbearinteresttt the Note ratefrom the dateof <br />disbursemeandshallbe payablewith such interestuponnoticefrom Lenderto Borrowerrequesting <br />payment. <br />If thisSecurit *nstrumedt; on a leasehold$orroweshalbomplywith alltheprovisionef thelease. <br />If Borroweracquireteetitleto the Propertytheleaseholdndthefeetitleshallnotmergeunles!Lender <br />agrees to the merger in writing. <br />10. Mortgage Insurance. If LenderrequireclAortgagdnsurancesaconditiorof makingthe Loan, <br />Borroweshallpaythepremiumsequiredo maintairtheMortgagdnsurancar effectJf, for anyreason, <br />the Mortgagdnsuranceoverageequire (by LendeiceasetD beavailabWom the mortgaginsurethat <br />previous 1provided suchinsurancandBorrowerwasrequiredo makeseparateloesignatepayments <br />towardhepremiumtor Mortgagdnsurancd$ orroweshallpaythepremiumsequiredo obtairooverage <br />substantial4quivalertb the Mortgagdnsurancpreviouslyn effect,at a costsubstantiallgquivalertb <br />the costto Borrowerof the Mortgagdnsurancpreviouslyn effect,from an alternatenortgagensurer <br />selectedy Lenderlf substantial4quivalerf fAortgagdnsuranceoverag�s not available$orroweshall <br />continuto payto Lendetheamounbf theseparatetyesignatqi hymentthatwereduewhentheinsurance <br />coverageeasetb be in effectLenderwill acceptuseandretairthesqDaymentasa non - refundabless <br />reserves lieuof Mortgagtnsuranc(sucHossreservehalbenon- refundabisotwithstandirlgefactthat <br />theLoanis ultimatelpaidin full, andLendeshalhotberequiredo payBorroweanyinteres6r earnings <br />onsuchlossreservd- endercannolongerrequirdossreservpaymentg Mortgagdnsuranceoveragon <br />theamountandfortheperiodhatLenderequires )rovidedby aninsureselecteldy Lendeagairbecomes <br />availabld$ obtainec$ ndLenderequireseparate4esignatgxhymentIDwardhepremiumtDrMortgage <br />Insurancelf LenderrequirecMortgagdnsurancasa conditiorof makingthe Loan and Borrowerwas <br />requiredo makeseparate Iles ignateplaymentbowardthe pre miumtor MortgagdnsurancEQorrower <br />shaloaythepremiumsequiredfo maintairMortgagdnsuranciar effectprtoprovidEanon- refundabless <br />reserveuntil Lender'srequiremedt)r Mortgagdnsurancendsin accordanaeith anywrittenagreement <br />betweeiBorroweand Lendeprovidingor suchterminationr untilterminatioFs requiredby Applicable <br />Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note <br />Mortgagdnsuranceeimbursdsende( oranyentitythatpurchasEtheNote )forcertairiossett may <br />incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. <br />Mortgagdnsurer s'valuattheirtotal risk on all suchinsurancer forcefromtimeto time,andmay <br />ente into agree menteithotherpartie thatshareD r mod ifytheirrisk,or reduciossesThes6agreemerrse <br />on termsandconditiont hataresatisfactortp the mortgagMsureandtheotherparty (orpartiesilothese <br />agree menfEheseagreementrsayrequirdhemortgagaisureto makepaymentssinganysource)f funds <br />thatthemortgagersuremayhaveavailabl�whichmayincludefundsobtainedrom Mortgagdnsurance <br />premiums). <br />Initials: <br />M -6(N E) (0005) Page B of 15 Form 3028 1/01 <br />