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200207256
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Last modified
10/15/2011 1:50:19 AM
Creation date
10/22/2005 9:01:53 PM
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DEEDS
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200207256
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20020725E <br />9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument It <br />(a) peart"cr finis to perform the covenants and agreements contained in this Security Instrument, (b) there <br />is a legal processing that might significantly affect Lende's interest in the Property and/or rights order <br />this Security Instrument (such as a In acceding In baNvuptcy, probate, for sonde rmation or birthstone, for <br />enhancement of a lien which may attain priority over this Security Instrument or to enforce laws or <br />regulations), or (c) Borrower has abandoned the Property, then Lender may do mid pay for whatever is <br />reasonable or appropriate to protect Larder's interest In the Property and rights under this Security <br />the Property including pretesting and/or assessing the value of to Property, and y sums and/or repairing <br />the Property . Linty v achons can include but are not limited in (a) paying any sums seined by a lice <br />which Mn priority over this Security the (b) or in court; and (t) paying reasonable <br />cluding <br />attorneys' fens to groin its interest in the P ding. and/or rights under this Security But is nott, minding <br />in secured position in a blicr sum proceeding. %,caring the Properly iodides, but is not limited try <br />from entering pi the Property b make repairs, change locks, replace d or board o doors and windows, ides water <br />from pipes, Although t building or other code tender this ec dangerous Lender does no and have utilities turned <br />on or oft Although Legato may take seise, under Chia Section 9, Lender does not have ro do sg and o not <br />under any duty ed obligation e do so. 11 is ,greed that Isnda incurs no liability for not taking any or all <br />anions authorized under this Section Le <br />My this Security disbursed by Lander ender this %,all b 9 shall became additional <br />Note rat debt of Borrower <br />secured me this Security Instrument These farmers intern shall bear interest at the Lender t rote from the date of <br />disbursement and shrtll he payable, with such interest, spiv votive from Larder to Borrower requesting <br />payment. <br />If this Security Inttrument is an a leasehold, Borrower shall comply with all the provisions of the <br />lease. 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 wilting. <br />10. Mortgage Insurance. If Ioniser required Mortgage Insurance as a condition of making the Loan, <br />Borrower shall pay the premiums required to maintain the Mortgage Insinance in effect If, for my mason, <br />the Mortgage Insurance envcmgc 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 payments <br />inward the premiums for Mortgage Insurance, Borrower shall pay Ibe preNens required to obtain <br />coverage substantially mov¢lenl to the Mortgage Insurance previously in effect, at a cost substantially <br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from alternate <br />mortgage in selected by Linder. If substantially equivalent Mortgage Insurance coverage is not <br />mailable when the shall anionic to pay versed Lerida the amomt L the r will ac pt, use slid payments that <br />was due when the insurance coos rtes eased li be f Mortgage Lender will swept, use and retain there <br />paymatn u e nnv loss reserve in lieu r s attorne paid Such loss der reserve <br />shall shall be <br />-ie d to pity notwithstanding ioso ny n the t or eat the Lear is ultimately paid in full, and hunger shall nil loss <br />required as pay Borrower any internal or coverage on such loss reserve. Lender can no at Len require loss <br />reserve payments if Mortgage Id dvLe der coverage a i (in the es avai and for the period that Lender requires) <br />provides by in insurer payments by Lender again becomes available, is obtained, Lon and Lerida Mortgage <br />separately as a designated payments monist e I coin and s for Mortgage required If Lender required Mortgage <br />Innumnw to a condition of making the Loan and Borrower was required a make separately required payments inward the Insurance I for Mortgage Insurance, Borrower shall pay she wive, un required m <br />maintain Mortgage I� Mortgage Insurance it effect, <br />ends or c provide ll -w comestible <br />written a lass reserve, until over mi Leader's <br />requirement for r such Insnra ti ends in tit andmw with any written agreement between Nothing cover in this <br />Lender Providing for such termination of until Lamination is required by in the Applicable Lew. No[Fing in this <br />Section 10 agaffects Insurance r Borrower's obligation m pay r asst at the raft provided in the Nola <br />Mortgage Insurance reimburses Lauder (or any amity that purchases the Note) for o the losses e <br />may incur if porrowe doss rim repay the Loan as agreed Borrower rs not a parry 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. These agreements <br />are on tarns and conditions that are satisfactory to the mortgage insurer mid the other party (or pamu s) to <br />these agreement,. These agreements may require the mortgage insurer to make payments using any source <br />of Ponds that the mortgage insure may have available (which may include fords obtained from Mortgage <br />Insurance pien,mms)_ <br />a�ay 229156 <br />® -bINFI pee-) r:ae. J I- 3038 1101 <br />
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