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<br />200803233
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<br />9. Protection of I..ender's InteresUn the Property and Rights Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there
<br />is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights under
<br />this Security Instruinent (such as a proceeding in bankrUptcy, probate, for condemnation oT forfeiture, for
<br />enforcement of a lieil which may attain priority over this Security Instrument or to enforce laws or
<br />regulations), or (c) Borrower has abandoned the Property, then Lerider may do and pay for whatever is
<br />reasonable or appropria~ 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 repairing
<br />the Property, Lender's actions can include, but are not limited to: (a) paying any sums secured by a lien
<br />which has priority over this Security }nstrument; (b)appearmg in court; and (c) paying reasonable
<br />atlorneys'fees to ,protect its interest in the Property anq/orrightsunder this Security Instrument, induding
<br />its secured position in a banlcruptcy proceeding.' Securing the Property includes, but is not limited to,
<br />entering the Property tomake repairs, change locks, replace or board up doors and windows,drain water
<br />from pipes, eliminate building or other Code violations or dangerous conditions,and have utilities turned
<br />011 or off, ,Although ,Lender may tak:eaction under this Section 9" Le~derdoesnot bave to dQsoand is nOt
<br />under any duty or obligation to do so. It is agreed that Lender incurs up liability for nottakirig any or all
<br />actiotJ.sauthorizcd under this Section 9. ,... ,.' ..".,. '. . ',.
<br />'. Any amounts disbursedbyl,ender. under ibis Section 9 shall become additional debt of l3orrower
<br />secUred by' this' Security Instrument. These aniO\.!llts shall hear interest at. the Note rate from the date of
<br />disburSement' and shall be payable, with such intere:>t, upon notice from Lender to Borrower requesting
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<br />paymfF~is Security InstnUllelit is on a leasehold, Borrower shall comply witball tbeprovisions 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 tothemergerin Writing. .
<br />, to, Mortgage Inslll1U}ce. If Leilder required Mortgage InSUrance as a condition of making the Loan,
<br />Borrower shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason,
<br />the Mortgage lnsurance coverage 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 />toward ,the premiums for Mortgage Insurance, Borrower shall pay the premillms required to obtain
<br />coverage substantially equivalent to the Mortgage lnsurailce previously in effect,atacOilt substantially
<br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an ,alternate
<br />mortgage insurer selecte4 by Lender, If substantiallyequivaleJ:lt Mortgage Insurance coverage is not
<br />available, Borrower shall' continue to pay to Lender the amount of the separately designated payments, that
<br />were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />payments as a non-refundable loss reserve. in lieu of Mortgage InSurance. Such loss reserve shall be
<br />non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
<br />required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss
<br />reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
<br />provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires
<br />separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a cOndition of making the Loan and Borrower was required to make separately designated
<br />payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to
<br />maintain Mortgage Insurance in effect, or toprovi4e anon-refundable loss reserve, until Lender's
<br />requirement for Mortgage lnsuratice ends in accordaJice. with any written agreement between Borrower and
<br />Lender providing for such termination or lUltil termination is required by Applicable, Law. Nothing in this
<br />Section 10 affects Borrower's Obligation to pay interest at the rat'C provided in the Note.
<br />Mortgage Insurance'reimburses Lender (or any entity that purchases the .Note) for certain losses it
<br />may incur if Borrower does not repay the Loan as agreed. Borrower is not a party 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 tei:rnsand conditions that are satisfactory to the mortgage insurer and the other party (or parties) to
<br />these agreements. 'Blese agreements may require the mortgage insurer to make payments using any source
<br />of funds that the mortgage insurer may have available (whiCh may include funds.obtained from Mortgage
<br />Insurance premiums).
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<br />0110280078
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<br />~-6(NE) (0407),02
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<br />PageS of 16
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<br />101.10'.: $'J R.
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<br />Form 3028 1/01
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