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20i00544G
<br />9. Protection ot" Lender's Interest in the Property and Rights Under this Security Instrument. If
<br />(a) Borrower fails to perform the covenants axxd agreements cotttaxned 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 Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
<br />enforcement of a lice which may attain priority over tlxis Security Instrument ar to enforce laws or
<br />regulations), or (c) Borrower has abandoned the property, then Fender may do and pay far whatever is
<br />reasonable 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 repairing
<br />tlxc Property. Lender's actions can include, hul are nal limited. to: (a) paying any sums secured by a lien
<br />which has priority over this Security Instrument; (h) appearing in court; and (c) paying reasonable
<br />attorneys' tees to protect its interestxrx the property arxd/car rights under this Security Instrument, including
<br />its secured position in a bankruptcy proceeding. Securing the property includes, but is not limited to,
<br />entering the Property to make repairs, change locks, replace pr board up doors and windows, drain water
<br />1'rnrxx pipes, eliminate building or other cede violations or daxxgerc>us au'tditions, and have utilities turned
<br />oxx or off. Although I.cnde:r may take: action under this Section 9, I.,ender does not have to do so and is not
<br />under any duly or obligation to do so. It is agreed that I-,ender incurs no liability for not taking any or all
<br />actions authorized under this Sectioix ~.
<br />Any amounts disbursed by I.endcr under this Section 9 shall become additional debt of Borrower
<br />secured by this Security Instrument. "t"hese amounts shall bear interest al the Note rate from the date of
<br />disbursenxent and shall be payable, with such interest, upon notice from I,cnder to Borrower requesting
<br />payment.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the
<br />!case. If Borrower acquires fee title to tlxe property, the leasehold and tlxe fee title shall not merge unless
<br />Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. It bender required Mortgage lrtsurance as a condition of making the Loan,
<br />Borrower shall pay the premiums required to maintain the Mortgage lnsurancc in effect. If, far any reason,
<br />tlic Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that
<br />previously provided such insurance and Borrower was required to looks separately designated payments
<br />toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain
<br />coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cast substantially
<br />equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate
<br />naurtgagc ixisurer selected by I.,exider. Ii' substantially equivalent Mortgage Insurance coverage is not
<br />available, Borrower shall continue to pay to !,ender the am~.tunl at the separately designated payments that
<br />were due when the insurance; coverage ceased to he in el'fccl. I,cnder will accept, use and retain these
<br />payments as a non-refundable lass 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 tlxe amouxit and for the period that I.euder requires)
<br />provided by an insurer selected by I,exxder again becomes available, is obtained, and Lender requires
<br />separately designated paymei'its toward. the premiums for Mortgage Insurance. If Lender required Mortgage
<br />Insurance as a condition of looking 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 lnsurancc iri effect, or to provide a note-refundable loss reserve, until Lender's
<br />requirenxent for Mortgage lnsurancc ends in accordance with any written agreement between Borrower and
<br />I.,etider providirxg for such termination or until termination is required by Applicable I.aw. Nothing in this
<br />Section 1Q affects Borrower's obligation to pay interest at the rate provided iri the Note.
<br />Mortgage Insurance reimburse-s I.endcr (or any entity that purchases the Note) for certain losses it
<br />may incur if Borrower does not repay the Loan as agreed. Harrower is not a party to the Mortgage
<br />Insurance.
<br />Mortgage insurers evaluate their total risk on all suchiusurance in Yorce from time to time, and may
<br />enter into agreements with other parties that share or modify their risk, or reduce lasses. These agreements
<br />are on terms and conditions that are: satisfactory to khe mortgage: insurer and the other party (or parties) to
<br />tlicse agreements. 'I'lxese agreements may require the mortgage insurer to make payments using any source
<br />of funds that the mortgage iixsurer inay have available (which ixxay include funds obtained from Mortgage
<br />lnsurancc premiums).
<br />N~gRASKp -Single 1-amity Fannie MaelFreddie Mac UNIFORM INS'fRUMEN'r (~G
<br />-BANE) lost ~ i Weae s of t 4 in~ziais: ~(~' Form 3028 1101
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