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200305727 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If (a) Borrower foils to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proccoding that might significantly at -feet Lender's interest in the Property and /or rights under this Security Instrument Isuclt as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for an forccment of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Rorrooci hers abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lcnder's interest in the Property and rights under this Security I nstrtiment, including protecting and /or assessing the value of the Property, and Securing and /or repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien which has priority aver this Security Instrument; (b) appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and /or rights under this Security Instrument, including its secured position in a honkrupley proceeding. Securing the Property includes, but is not limited to, entering the Property to retake repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate bui Wing or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9_ Any amounts disbatsed by Lender ender this Section 9 shall become additional debt of Borrower secured by this Seatrigl Instrument These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a Icrschuld, Borrower shall comply with all the provisions of the Iease. If Its CR)wer at4luires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay the premiums required to naintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage required by Lender ceases to he available from the mortgage insurer that previously provided Such Insurance and Borrower was required to make separately designated payments toward the pro bunts for . %loitgage Insurance, Rnrruwer shall pay the premiums required to obtain coverage sn e,tanti:dly cciaMient to the Mortgage Insurance previously in effect, at a cost substantially equivalent tie the cost to Bonnwer of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall coati it tic to pay to Lender the amount of the separately designated payments that were due colon the insurance coverage ceased to Inc in effect. Lender will accept, use and retain these payments as a non- refundublc loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be inn- rufundnble, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Rurrawur airy interest or earnings on such loss reserve. Lender curt no longer require loss reserve paymnn¢ if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again bcuuncs available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If lender required Mortgage Insurance as it condition of snaking the Loan :red Boriovi was required to make separately designated Payments toscard the prnuiwus for Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortaage Insurance in cffcet, or to provide a non - refundable loss reserve, until Lender's requiremcm fa Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 al xts Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance nautburses Lender (or any entity that purchaws the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurer evaluate their total risk on all such insurance in force from time to time, and may enter into agreancnts with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. "these agrccirents may require the mortgage insurer to make payments using any source of tunds that the murteace insurer rimy have available (which may include funds obtained from Mortgage Insurance premiums)_ 03 -02- 000094 p� //�p7� /�/� �'_. -f - 6PINE1 �000s; �,, rat. a of i s Initials Form ]020 1101 w