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200307191
<br />9. Protection of Leader's interest in the Property and Rights Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there
<br />is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under
<br />this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lien which may attain priority over this Security Instrument or to enfuree laws or
<br />regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is
<br />reasonable or appropriate to protect Leader's interest in the Property and rights under this Scroll
<br />Instrument, including protecting and/or assessing the value of the Property, and scanning and/or repairing
<br />the Property. Lender's actions can include, but are net limited to: (a) paying any so= secured by a lien
<br />which has priority over this Security Instrument; (b) appearing in court; and (c) paying reasonable
<br />oltoral fees to protect its interest in the Property and/or rights under this Security Instrument, including
<br />its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to,
<br />entering the Property to make repairs, change locks, replace or board up doors and windows, drain water
<br />from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned
<br />on or IT %libnugh Lender may take action nndm this Section 9, Lender does not have to do an and is not
<br />tinder any duly or obligation to do sec It is agreed that Lender incurs no liability for nut taking airy or all
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<br />lease. If Borrower acquima Ice title m the Properly, the le. scluld and the fee title shall not merge unless
<br />louder aercex to the mercer in toiling.
<br />10. Mortgage Insurance If Leader required Mortgage Insurance as it condition or making the Loan,
<br />Borrower shall pay the prunlauu required to mammm the Mortgage Insuranu: in cBwt 11, for any rortal
<br />the Mortgage Insurance coverage required by Lender cusses to be available from the mortgage insurer that
<br />previously provided such insurance and Bmrol was required to rrmkc separately designated payments
<br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain
<br />coverage substantially equivalent to the Mortgage Insurance previously in effect, at u cast substantially
<br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate
<br />mortgage insurer selected by Lender. If substantially equivalent Mortgage Inanimate coverage is not
<br />available, Borrower shall continue to pay to Lender the amount of the separately designated payments that
<br />were due when the insurance coverage clausal W be in effect. Lender will accept, use and retain these
<br />payments as a non - refundable lass reserve in lieu of Mortgage Insurance. Such loss reserve shall be
<br />non - refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require boss
<br />reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
<br />provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires
<br />separately designated payments toward the premiums for Mortgage Insurance. If Leader required Mortgage
<br />insurance as a attrition cC making too Loan and Borrower wee required to mall. sepaately designated
<br />puymcnu toward the premiums for Mortgage lusau)IIce, Borrower shall pav the locations required to
<br />maintain Mortgage Insurance in effect, or to provide a non - refundable loss reserve, until Lender's
<br />.. t Il hlonag,ls.L ca lIILII Ill . .. -Lei tnd'y 111 <:ncmhm _ It LOneraud.
<br />Lender pro 'ding to, such termination or until wrinication is required by 4pplinihe Law Nothing in this
<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 Note) for certain losses it
<br />may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage
<br />Insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from itme to time, laid may
<br />enter into agreements with other parties that there or modify their risk, or reduce losses. These agreements
<br />are on terms and conditions drat are satisfactory to the mortgage insurer and the other parry (or parties) he
<br />these agreements. These agreements may require the mortgage insurer to make payments using any source
<br />of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage
<br />Insurance premiums).
<br />999463468
<br />mmar.
<br />®EA(NEj (000sl.ot wa.a of is Form 3028 1101
<br />20126 -00
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