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200502951 DOC ID #: 0009051259203005 ioration or damage. If insurance or condemnation proceeds are paid in damaged to avoid further dete e Property, Borrower disburse proceeds has released ased proceeds for such purposes. Lender may disburse for repairing e prose or connection with damage to, or the taking restoring the Property only if Lender a in a series of progress payments as the work is for the repairs and restoration in a single payment or completed. If the insurance or condemnation proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation a on bleoentries completion of such inspections ofrtheoProperty. If it has Lender or its agent may reasonable cause, Lender may inspect the interior interior inspection pee fy ng such h reasonable n cause. give Borrower notice at the time of or prior to such S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false, misleading, or inaccurate e with the Loan. Material representations ntat ons(nclude, but provide Lender with material information) in con are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. 9. Protection of Lender's Interest in the Property and Rights Under this Security ref is a tram Borrower fails to perform the covenantal anaffecteLender's interest contained in the Property and/or rights under this legal proceeding that might significantly probate, for condemnation or forfeiture, for Security Instrument (such as a proceeding in bankruptcy, P enforcement of a lien which may attain priority over this Security Instrument ox to enforce laws or regulations), or (c) Borrower has abandoned the rest inithe Property and rights under this Security Instrument, reasonable or appropriate to protect Lender's irate the property. including protecting and/or assessing the value of the Property, t a >nan urns secured boa lien which h has priority Y Lender's actions can include, but are not limited to: (a) paying reasonable attorneys' fees to protect its over this Security Instrument; (b) app in court; and (c) paying interest in the Property and/or rights under this Security Instrument, including its secured position in a proceeding. Securing the Property includes, but is not limited to, entering the Property to make bankruptcy p g• es eliminate building or and repairs, change locks, replace eooruoonditpiodoors nd have utilities dturn d on or off. Pipes, Lender may take other code violations or d g action under this Section 9, Lender does not have du s or all actions uthoriz d under th s Section 9•o so. It is agreed that Lender incurs no liability for not taking Y Any amounts disbursed by Lender under this bear omerest at become Note rye fromthetdateof disbursement by this Security Instrument. These amounts shy and shall be payable, with such interest, upon notice from Lender to Borrower requesting ov suns . the lease. If this Security Instrument is on a leasehold, Borrower shall comply with all the p If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. 10. Mortgage Insurance. If Lender required o maintain thegMortgage Insurance inneffect Iff, for an �reasono he Borrower shall pay the premiums require Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that separately designated payments previously provided such insurance and Borrower was required to make obtain coverage toward the premiums for Mortgage Insurance, Borrower shall 1 effect, at a cost substantially ly equivalent to the substantially equivalent to the Mortgage Insurance previously cost to Borrower of the Mortgage Insurance previously .in effect, from an alternate mortgage insurer selected overage is not available, Borrower shall continue by Lender. If substantially equivalent Mortgage Insurance c to pay to Lender the amount of the separately designated payments that w as e de a nonrefundable lass reserve gin cased to be in effect. Lender will accept, use and retain these payments lieu of Mortgage Insurance. Such loss reserve shall be no Borrowexiany interest or feet tngston such is ultimately paid in full, and Lender shall not be required to pay Y loss reserve. Lender can no longer require reserve vided by an insurrsee Mortgage ed by Lender again becomes amount and for the period that Lender P available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance toward condition ip premiums for Mortgage insurance, Borrower required to make separately designated payments shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non - refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement able between Borrower and Lender providing for such termination or until termination is required by App Law. Nothing in this Section 10 affects Borrower's iobligation n lta paurchases the Note) forcertain ilosses i��may Mortgage Insurance reimburses Lend ( Y to the Mortgage Insurance. incur if Borrower does not repay the Loan as agreed. Borrower is not a party Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). (�U� Initial ' `. Form 3028 1/01 M - 8A(NE) (0005).01 CHL (01/01) Page 6 of 11 QD