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200212256
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10/15/2011 9:36:14 AM
Creation date
10/22/2005 10:31:27 PM
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DEEDS
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200212256
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2002.2256 <br />9. Protection of Lender's Interest in the Property and Rights <br />(a) Borrower fails to perform the covenants and agreements contained in this Securit <br />is a le I,hts Under this Security Instrument. if <br />b11 proceeding that might significantly alicct Lender's interest in the Property <br />this Security Instrument (such as a proceeding in bankruptcy Y Instrument, (b) there <br />enforcement of a lien which may attain priority over this Security Instrument or and/or rights under <br />regulations), or (c) Borrower has abandoned the I ro erp Y, probate, for condemnation or forfeiture, for <br />reasonable or a P y, then Lender may do to enforce laws or <br />appropriate to protect Lender's interest in the Property Y and pay for whatever is <br />Instrument, including protecting and/or assessing the value of the Property, <br />the Property. Lender's actions can include, but are not limited to: a y and rights under this Security <br />and securing and/or repairing <br />which has priority over this Security Instrument <br />attorneys' fees to protect its interest in the Property , (b) appearing Paying any sums secured as a lien <br />its secured PPearrng in court; and (c) paying reasonable <br />Position in a bankruptcy proceeding. Seca ng thesPropertyr includes, but is not Instrument, <br />entering the Property to make repairs change <br />from pipes, eliminate building or other code violations or dangerous conditions <br />be locks, replace or board up doors and windows, drain water <br />mites to, <br />on or off. Although Lender may take action under this Section 9, Lender does not have to <br />under any duty or obligation to do so. It is agreed that Lender incurs Lender does not and have utilities turned <br />actions authorized under this Section 9. taking so and is not <br />Any amounts disbursed b Y not taking any or all <br />secured by this Security Instrument. These amounts shall bear interest o the <br />Y ender under this Section 9 shall become additional debt of <br />disbursement and shall be payable, with such interest, u grower <br />Payment. P y � Note rate from the date of <br />If this Security Instrument is on a leasehold, Borrower hall comet Lender to <br />Borrower requesting <br />lease. If Borrower acquires fee title to the Property, the leasehold and the fee title <br />Lender agrees to the merger in writing. comply With all the provisions of the <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition oft not merge unless <br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in err' <br />the Mortgage Insurance coverage required by Lender ceases to be available from the ►Waking the Loan, <br />previously provided such insurance and ect. If, for any reason, <br />Borrower was required to make separately designatednsinsurer that <br />toward the premiums for Mortgage Insurance <br />coverage substantially equivalent to the Mortgage Insurance previously in erect, at a cost payments <br />n <br />Borrower shall pay the premiums required to obtain <br />equivalent to the cost to Borrower of the Mort <br />mortgage insurer selected b gee Insurance previously in effect, from an alternate <br />available, Borrower shall Continue to Pay to Lender►tlrle amounalen the Mort separately <br />were due when the insurance coverage ceased to be in effect. Lender will accept, coverage is not <br />Payments as a non - refundable loss reserve in lieu of Mortgage Insurance.tacc designated payments that <br />non - refundable, notwithstanding the fact that the Loan is ultimately P use and retain these <br />required to pay Borrower any interest or earnings on such loss reserve. d iSuch *full, a no loss reserve shall be <br />reserve payments r Mortgage Insurance coverage (in the paid Lender full, and Lender shall not be <br />provided by en insurer selected b g ( amount and for the period that Lenderqire loss <br />separately designated payments toward the premiums for Mortgage Insurance. If L Mortgage <br />requires) <br />Y ender again becomes available, is obtained, and Lender requires <br />Insurance as a condition of making the Loan <br />and Borrower was required to makes separately designated tee <br />Payments toward the premiums for Mortgage Insurance <br />maintain Mortgage Insurance in effect, or to rovide' aBorrower shall a <br />requirement for Mortgage Insurance ends in accordance with an written pay the premiums required to <br />Lender providing for uch termination or until termination is required loss reserve, until Lender's <br />Section 10 affects Borrower's obligation to pay interest at the rate provided in the agreement between Borrower and <br />Mortgage Insurance reimburses Lender (or � qu ►red by Applicable Law. Nothing in this <br />may incur if Borrower does not re a rn the Note. <br />y entity that purchases the Note) for certain losses it <br />Insurance. Pay the Loan as agreed. Borrower is not a <br />Mortgage insurers evaluate their total risk on all such insurance in force party to the Mortgage <br />enter into agreements with other parties that share or modify their risk, or reduce losses. <br />are on terms and conditions that are satisfactory to the mortgage insurer and the other time to time, and may <br />these agreements. These agreements may require the mortgage insurer to make Payments These agreements <br />of funds that the mort PaztY (or parties) to <br />Insurance premiums). gage insurer may have available (which may include funds obtaned from Mort <br />using an source <br />17166557 gee <br />(M 6A(NE) (0005).01 <br />Page B or 15 lnili$ <br />17166557 <br />Form 3028 1/01 <br />
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