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<br />200801439
<br />9. Protection okF Lender's ]Guterest iu the Praptrty and Rights Udder tbuis Security l[nstrttttzemt. Tf
<br />{a) Borrower fails to perfarzxu the covenants and agreements contained in this Security InsLrumenr, (b) there
<br />is a Legal proceeding that might signifrCantly affect Lender's interest in the Property azad/or nights under
<br />dais Security Insttuznent (such as a proceeding in battkruptry, probate, for cgndeuittation pr forfeiture, for
<br />enforcemexat of a Ilea whiclx may attain priority over tluis Sectuity Instrument or to enforce laws ar
<br />regulations), or (c) Borrower has abandoned the Property, oxen Lcaxder ~y do and pay far whatever is
<br />reasonable or appropriate tq protect Lender's interest izl, the pk'aperry and rights under this Security
<br />Instrument, including pratepting and/or assessing the value of rite Property, ~ securiztg and/or repairing
<br />the Property. Lender's actions can include, but are zxot limited w: (a) payiztg any sums sectued by a lien
<br />which has priority over this Security Instrument; (b) appearing in eowt; and (c) paying reasonable
<br />attprneys' fees to protect its interest in the Property atxd/ar rights utxder this Security Instrtxtxxent, including
<br />iu secured position in a bankruptcy proeeedang. Secutitkg the Property includes, but is not limited to,
<br />entering the Property to matte repairs, change Ion, replace or board up doors and window+rs, drain water
<br />frorra pipes, eliminate building or other Code violations 4r dangerous conditions, and blave utilities turned
<br />ou or off. Although LeAder,x~y take acdaa ~~ tik,is Section 9, Lezxdor does not have to do so and is not
<br />under any duty or abligatian to da sa. It is agreed that X.endex i7pkG~g ~ liability far not taking any yr all
<br />$etians authorized under this Section p.
<br />Any mounts disbursed by Londez under rxiis Section 9 Sbkall become addaitivnal debt of Borrower
<br />secured by this Security I~gvsnent. 'These amsaut-ts shall bear interest az tbko Note rate frazbk the date of
<br />disbursen~t and shall be payable, with such interest, uppm notice from Lender to Borrower requesting
<br />aytnent.
<br />i~F this Security Instrument is prx a leasehold. Borrower shalt cy with all the provisions o#" the
<br />lease. If Borrower acquires fee title to the pmgeirty, the leasehold and fee title shall not utxerge unless
<br />Lender agrees to the merger in writixxg.
<br />X0. Mortgage >rpisurancc. If L~uudor required Mortgage Xnsturance as a condition of makizxg the Loan,
<br />>~arraurer shall pay the premiums required to maintain rho Mortgage Insurance in effect. If, for any reason,
<br />the Mortgage Insurance coverage required by Leader Ceases tp be available frozxa the mortgage insurer that
<br />previously provided such itasu*ance and Borrower was required to make separately designated payments
<br />toward the preuniuats far Mortgage Insurance, Borrower shall pay the pretixiums required i4 obtain
<br />coverage substantially equivalent to the Mortgage Insura~C previously iaR effect, at a cost substantially
<br />equivalent to the cast to B4~gwer of the Mortgage Insuuance previously in effect, fiorYi an alternate
<br />mortgage insurer selected by Lender. IP snbstarttially equivalent Mortgage Insurance coverage is not
<br />available, Borrower shall continue to pay to Lenia~r the amount of the separately designated payments that
<br />were due wb,en the insurance coverage ceased to be ixu effect. X.ender will accept, use and retain these
<br />payments as anon-refundable loss reserve in Betz of Mortgage Iq,9ttra~ac~. Such loss reserve shall be
<br />non-refundable, notwithstaadi~ the fact that tike Loan iS ultimately paid in full, oral Lender shall not be
<br />required to pay Borrower any interest or earnings p,,a such loss reserve. Lender Cart zxo lozxger require loss
<br />reserve payttaonis if Mortgage Insurance coverage (iu the amount and for the period that Lender requires)
<br />provided by arx insurez selected by Leakier again becoates available. is obtained, and Lender ;equires
<br />separately designated paytnenrs toward the premiums far Mortgage Xxusturance. If Leader required Mortgage
<br />insurance as a condition o~ making the Loan and Bgzxower was required to make separately designated
<br />payments tgw~rd the premiums for MQrt$age ~~~ ~pq,~ shall pay true premiums wired to
<br />maintain Mortgage Insutgnt,e in effect, or to provide a rxon-teftxndeble Lass reserve, until ender°s
<br />requirtutueut for Morga$e Insttraruca adds in accoriaace with nay wrirten a$reenkent between Borrower and
<br />Lender providing for such rerrixinarion or until Certnina±io~n is required by Applicable Law. Ngrlling in tl),is
<br />Section 10 affects Borrower's obIigatiozx to pay interest at the rate provided in rkue Note.
<br />Mortgage Irisur~ance reimburses Lender (or any entity that purchases flue Note) for certain lasses it
<br />tray incur if Harrower does not repay the Loam as agrectl. Borrower is not a parry t4 the Mortgage
<br />Insuratce.
<br />Mortgage inksurers ev~uate vaeir fatal risk on all such insurance in force frara time to Mime, and tray
<br />enter into agreements with. other patties that slkare ar modify their risk, or rdduce losses. These agree*nPnts
<br />are on teuzt~ and conditions that are satisfactory to the mortgage itusurer and the other Party (4r parties) to
<br />these agreements. 'These agreernenrs Array require the mortgage insurer to make payments using any source
<br />bf funds that the mangage itkaurer may have available (which may include funds obtained from Mortgage
<br />Trisurance premiums}.
<br />~„'1„m~~~ ~.~.L.~,
<br />(~ 6(NHi IoR05) Pegs 8 of 15 Form $t1~8 7 /a9
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