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200608706
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Last modified
9/29/2006 3:36:15 PM
Creation date
9/29/2006 3:36:14 PM
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DEEDS
Inst Number
200608706
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<br />200608706 <br /> <br />Lender or its agent may make reasonable entries upon and inspections of the Property. If <br />it has reasonable cause, Lender may inspect the interior of the improvements on the Property. <br />Lender shall give Borrower notice at the time of or prior to such an interior inspection specifying <br />such reasonable cause. <br /> <br />8. Borrower's Loan Application. Borrower shall be in default if, at any time, <br />Borrower or any persons or entities acting at the direction of Borrower or with Borrower's <br />knowledge or consent gave materially false, misleading, or inaccurate information or statements <br />to Lender (or failed to provide Lender with material information) in connection with the Loan. <br /> <br />9. Protection of Lender's Interest in the Property and Rights Under this <br />Security Instrument. If (a) Borrower fails to perform the covenants and agreements contained <br />in this Security Instrument or the Note, (b) there is a legal proceeding that might significantly <br />affect Lender's interest in the Property and/or rights under this Security Instrument (such as a <br />proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien <br />which may attain priority over this Security Instrument or to enforce laws or regulations), or <br />(c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable <br />or appropriate to protect Lender's interest in the Property and rights under this Security <br />Instrument, including protecting and/or assessing the value of the Property, and securing and/or <br />repairing the Property. Lender's actions can include, but are not limited to: (a) paying any sums <br />secured by a lien which has priority over this Security Instrument; (b) appearing in court; and <br />(c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this <br />Security Instrument, including its secured position in a bankruptcy proceeding. Securing the <br />Property includes, but is not limited to, entering the Property to make repairs, change locks, <br />replace or board up doors and windows, drain water from pipes, eliminate building or other code <br />violations or dangerous conditions, and have utilities turned on or off. Although Lender may <br />take action under this Section 9, Lender does not have to do so and is not under any duty or <br />obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions <br />authorized under this Section 9. <br /> <br />Any amounts disbursed by Lender under this Section 9 shall become additional debt of <br />Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate <br />from the date of disbursement and shall be payable, with such interest, upon notice from Lender <br />to Borrower requesting payment. <br /> <br />If this Security Instrument is on a leasehold, Borrower shall comply with all the <br />provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee <br />title shall not merge unless Lender agrees to the merger in writing. <br /> <br />10. Mortgage Insurance. Intentionally omitted. <br /> <br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous <br />Proceeds are hereby assigned to and shall be paid to Lender. <br /> <br />CHARl\764238_ 1 <br />
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