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200207253
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200207253
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Last modified
10/15/2011 1:49:11 AM
Creation date
10/22/2005 9:01:47 PM
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DEEDS
Inst Number
200207253
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200207253 <br />9. Protection of Leader's Interest in the Property and Rights Under this Security Instrument If <br />(a) Borrower fails to perform the covenant; and agreements contained in this Security Instrument, (b) there <br />is a legal proceeding that might significanlly affect Lender's interest in the Property and/or rights under <br />this security Instrument (web w a proceeding in bankruptcy, probate, for eondenulation or forfeiture, for <br />enhancement of a lien which may attain priority over this Security Tinort m at or to enforce lows 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 lender s interest in the Propchy and rights under this Security <br />Irotruawrit, including protecting amVor assessing rile value of the Properly, and securing and/or repairing <br />the Properly- Lender s actions can include, but are not linuted to: (a) paying any .sums secured by alien <br />which has priority n cr this Security Instrument; (b) averring in court', and (e) paying reasonable <br />attorneys' fees to protect Its interest in the Property and/or rights under this Security Instrument, including <br />Its weaned position in v bankruptcy proceeding. Securing the Property includes, but is not limited to, <br />entering die 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 off Altltough Icnder may take action under this Section 9, Lender does not have to do so and is not <br />under any duly or obligation to do so. If is agreed that Lender incurs no liability for not taking any or all <br />actions authorised under this Section 9 <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of Flaw-novel <br />secured by that Security Instrument These amounts shall beer interest at the Note rate from the date of <br />disbursement and shall be payable, with such interest, upon notice from lender to Borrower requesting <br />pa )m fi at this Seuurity b itumcnt is on a leasehold, Borrower shall comply with all the provisions of the <br />leases If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless <br />Lender agrees to the merger in writing_ <br />10. Mortgage Upon avice If Lender required Mortgage lmarance as a condition of making the Loan, <br />Borrower .shall pay the premiums required to maintain the Mortgage Insurance in effect If, for any reason, <br />the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that <br />previously provided such insurance and Borrower was required to make .separately designated paymrnLs <br />toward the prenuums for Mortgage Insurance, Borrower shall pay the premiums required to obtain <br />coverage substantially equivalent to the Mortgage Insurance previously of effect at a cost 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 Isursonce coverage is not <br />available, Borrower shall continue to pay to Tanaka the amount of the separately designated payments that <br />were doe when the it eruge ceased to be in effect. Lender will accept, use and retain these <br />insurance Wv <br />payments a a no withindahlc loss reserve in lieu n Mortgage ultimately paid ii n. Such loss rder sh shall be <br />-itt d to p y turrower an y in the t or that the on s der ls reser paid in Cull, and n Londerrrequ not loss <br />requited to pay Borrower any interest a earnings on such lass restive Lender can no longer Lender requires) <br />loss <br />vc payments If Mortgage Insurance coverage (in the amount arts', i the period that Lender rregims) <br />provided by an insurer scout by Lender again becomes available, is obtained, end Lender ortmac <br />Insurance as a designated payments toward the Loan an ns for Mortgage Insurance t If Lender inquired Mortgage <br />payments to a condition of making rite Loan and Borrower h was required to make separately designated <br />payments Mortgage the premiums for Mortgage fractured, Borrower shall pay the Premiums it Leoni m <br />maintain Mortgage insurance in effect, or c provide t - writeragreement Ions reserve, until Leader's <br />I trader for Mortgage Insurance cods in accordance with any written lica e law Borrower and <br />Lender providing for such termination of until ineredt al t e required by Applicable law_ Nothing in tlris <br />Section 10 affects Doane rei obligation to pay r any al the rate provided in the Note. <br />Mortgage mroveee reimburses ay the (or wry endry ,hat purchases the Note) for certain losses it <br />may incur if Borrower does not repay the Loan as agreed. Burrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may <br />enter into agreements with other parties that share or modify their risk, or reduce losses. Thex agreements <br />me on terms and conditions that ore saliafecmry to the mortgage insurer and the other party (or parties) to <br />these agreements. Those 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 />.rut 229150 <br />® nF <br />- ml@owt m m <br />xe1. Famt382a 1101 <br />
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