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<br />200710169
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<br />reinstate, as provided in section titled Borrower's Right to Reinstate, by causing the action or proceeding to be
<br />dismissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in
<br />the Property or other material impairment of the lien created by this Security Instrument or Lender's security
<br />interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or
<br />inaccurate information or statements to Lender (or failed to provide Lender with any material information) in
<br />connection with the loan evidenced by the Note. If this Stx-mity Instrument is on a leasehold, Borrower shall
<br />comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold ,md the fee
<br />title shall not merge unless Lender agrees to the merger in writing.
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<br />Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enlorce laws or
<br />regulations), then Lender may do and pay lor whatever is necessary to protect tlle value of the Property and
<br />Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority
<br />over this Security lnstrumc,'llt, appearing in court, paying reasonable attomeys' fees and enlG'['ing on the Property to
<br />make repairs. Although Lender may take action lmder tIlis section, Lender does not have to do so.
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<br />Any amounts disbursed by Lender under this section shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender af,'Tee to othc,'[' terms of payment, these amowlts shall bear
<br />interest from the date of disbursement at tile Note rate and shall be payable, with interest, upon notice from Lender
<br />to Borrower requesting payment.
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<br />Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br />Security Instrument, Borrowc,'[' shall pay the premiums required to maintain the mortgage insurance in effect. If; for
<br />any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall
<br />pay the premiums required to obtain coverage substantially equivalent to the mortgage insurance previously in
<br />ellixt, at a cost substantially equivalent to the cost to Borrower of tile mortgage insurance previously in ellixt,
<br />from an alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage
<br />insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender
<br />will accept, use and retain tIlese payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments
<br />may no longer be required, at the option of Lender, if mortgage insurance covc,nge (in the amount and lor the
<br />period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained.
<br />Borrower shall pay ilie premiums required to maintain mortgage insurance in ellixt, or to provide a loss reserve,
<br />until the requirement for mortgage insurance ends in aceordance with any written agreement between Borrowc,'f
<br />and Lender or Applicable Law.
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<br />Inspection. Lender or its agent may make reasonable entries upon and inspections ofthe Property. Lender shall
<br />give Borrower notice at tile time of or prior to an inspection specifying reasonable cause for the inspection.
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<br />Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection WitIl any
<br />condemnation or oilier taking of any part ofthe Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
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<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not tIlen due, with any excess paid to Borrower. In tile event of a partial taking of the
<br />Property in which tile fair market value of ilie Property immtxliately before the taking is equal to or greater than
<br />the amount of the sums secured by this Security Instrument shall be rtxluced by the amount of the proceeds
<br />multiplied by the following fraction: (a) tile total amount of the sums secured immediately before the taking,
<br />divided by (b) tile fair market value ofthe Property immediately before ilie taking. Any balance shall be paid to
<br />BOITowc,'f. In the event of a partial taking of the Property in which the fair market value of the Propc,rty
<br />immtxliately before the taking is less ilian the amount of tile sums secured immediately before tile taking, unless
<br />Borrower and Lender oilierwise agree in writing or wlless Applicable Law oilierwise provides, the proceeds shall
<br />be applied to ilie SunlS secured by this Security Instrument whetIler or not the SWllS are thc,'ll due.
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<br />G 2004.2007 Copyright Compliance Sy,ltOlllll. Inc. 8C9C-EDA5 - 2007.01.201
<br />COl:iSUn:u:rr R~a.l Estate ~ Socl.uity Instrument DL2036
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<br />P9.gtI401"8
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