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<br />Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may
<br />Inspect the interior of the improvements on the Property. Lender shag give Borrower notice at the time of or prior to such an interior
<br />inspection specifying such reasonable cause.
<br />8. Borrower's Loan Application. Borrower shall be in default g, during the Loan applimition process, Borrower or any
<br />persons or entities aging at the direction of Borrower or with Borrowers knowledge or consent gave materially false, misleading, or
<br />Inaccurate information or statements to Lender Sor 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.
<br />9. Protection of Lender's Interest In the Property and Rights finder this Security Instrument If (a) Borrower
<br />tails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might
<br />significantly affect Lender's interest in the Property and/or rights under this Security Instrument (such as a proceeding n bankrup>�,
<br />probale, for condemnation or forfeiture, for enforcement of a lion which may attain priority over this Security Instrument or to enforce
<br />laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or
<br />appropriate to protect Lenders interest in the Property and rights under this Securtty Instrument, Including protecting and/or
<br />assessing the value of the Property, and securing and/or repairing the Property. Lender's actions can Include, but are not Canted to:
<br />(a) paying any sums secured by a lien which has priority over this Security Instrument (b) appearing in court, and (c) paying
<br />reasonable attorneys' fees to protect its interest in the Property and/or rights under this �e urity Instrument, including its secured
<br />position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs,
<br />change locks, replace or board up doors and windows, drain water from pipes, eliminate bu iklinq or other code violations or
<br />dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not
<br />have to do so and is not under any duty or obligation to do so. Tt is agreed that Lender incurs no liability for not taking 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 ahall bear interest at the Note rate from the date of disbursement and shag be payable, with such interest.
<br />upon notice from Lender to Borrower requesting payment
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower aoqu im fee
<br />title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. It Lender required Mortgaga Insurance as a condition of making the Loan, Borrower snap pay
<br />the premiums required to maintain the Mortgage Insurance in off ad. If, for any reason, the Mortgage Insurance coverage required by
<br />Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was required to make
<br />separately designated payments 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 a cost substantially equivalent to the cost to
<br />Borrower of the Mortgage Insurance previously in effect, from an altemate mortgage insurer selected oy Lender. If substantially
<br />equivalent Mortgage Insurance coverage is not available, Borrower shall continue to pay to Lender the amount of the separately
<br />designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />payments as a non - refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shag be nonrefundable.
<br />notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or
<br />earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount
<br />and for the period that Lender requires) provided by an kisurer selected by Lender again becomes available, is obtained, end Lender
<br />requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a
<br />condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for
<br />Mortgage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a
<br />non - refundable loss reserve, until the Lenders requirement for Mortgage Insurance ends in accordance with any wrttton agreement
<br />between Borrower and Lender providing for such termination or unlit termination is required by Applicable Law. Nothing in this
<br />Section 10 affects Borrowers 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 4 may incur If Borrower does
<br />not ropay the Loan as agreed. Borrower is not a parry to the Mortgage insurance.
<br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements wilt.
<br />other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to
<br />the mortgage insurer and the otf+er party (or.partios) to these agreements These agreements may require the mor'gage insurer to
<br />make payments using any soul,,a of funds that the mortgage insurer may have available (which may include funds obtained from
<br />Mortgage Insurance premiums).
<br />As a result of these agreements, Lender, uu purchaser of the Note, another Insurer, any reinsurer, any other entity, or any
<br />affiliate of any of the foregoing, may receive (dirA or indirectly) amounts tf'ait derive from (or might be characterized as ) a portion
<br />of Borrowers payments for Mortgage Insurance, in exchange for sharing ar modifying the mortgage insurers risk, or reducing
<br />losses. If such agreement provides that an affiliate of Lender takes a share of the insurers risk 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 other terms of the Loan. Such agreements will not Increato the amount Borrower will owe for
<br />Mortgage Insurance, and they will not entitle Borrower to any refund.
<br />(b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortggaa9r
<br />Insurance under the Homeowners Protection Act of 1998 or any other few. These rights may lnciude the rlght 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 Miccellaneous Proceeds shall be applied to restoration or repair of the Property, If the
<br />restoration or repair Is economically feasible and Lender's security Is not loosened. During suc,`u repair and restoration period, Lender
<br />shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to Inspect such Property to ensure the
<br />work has boon completed to Lenders satisfaction, provided that such inspection shag be undertaken promptly. Lender ma ppee++y for
<br />the repairs and restoration in a single disbursement or n a series of progress payments as the work is completed Unbss an
<br />agreement is made in writing or Applicable Law requires Interest to be paid on such Miscellaneous Proceeds Lender shag not be
<br />roqulrod to pay Borrower any interest or eamin s on such Miscellaneous Proceeds. If tho restoration or repair is not economically
<br />foasiblo or Lo ndor's security would be lossenod, the Miscellaneous Proceeds shall be appied to the sums secured by this Security
<br />Instrument, whether or not then due, with the excess, if any, paid to Borrower, Such Miscellaneous Proceeds shall be applied in the
<br />ordor provided for in Section 2.
<br />In the event of a total taking, destruction, or loss in value of the Property, tho Miscellaneous Pr,�coecfu+ shall be applied to the
<br />sums secured by this Security Instrument, whether or not then due, with the excess, g any, paid to Borrower.
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