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<br />9, Protection of Lender's )batereat iu the Property and Rights ilmder this Security Instrument. ff (a} Borrower' fai4s to
<br />perform the covenants and agreements contained in this Security htstxtttneut, (b) there is a legal proceeding that might
<br />significantly affect Lender's arrte~'est in the Property andlar rights under this Sectnity instmm~etrt (such as a proceeding in
<br />bankruptcy, probate, fax candemaation as forfeiture, far enforcement of a lien which may ausin priority over this Security
<br />Instntrnent or to enforce laws or regulations), ar (c} Borrower has abandoned the Properly, then bender may do and pay for
<br />whatever is reasonable or appropriate to protect Lenders interest in the Property and rights under this Security Instnunen#,
<br />including protecting andlar assessing the value of the Property, and securing ansUor repairing the Property. Lender's actions
<br />can include, but arc not limited to: (a) paying arry sums secured by a lien which has priority over this Security Instnrnrent; (b)
<br />appearing in court; and (c) paying reasonable agoxneys' fees W protect its interest in the Property atrd/or rights under this
<br />Security Instnurlerrt, including its secured position in. a banlmtptcy proceeding. Securing the Property includes, but is not
<br />limited to, entering the Property to rnakerepairs, change locks, replace arbaard up doors and windows, drain water frompipes,
<br />eliminate building or other code violations or dangerous conditions, and have utilities fumed on or off. Although Lender may
<br />take action under this Section 4, Lender does not have to ~ ~ and is not under arty duty ox obligation w do so. It is agreed
<br />that Lens~r incurs no liability farnat taking arty orallactions autho~rixed under this Section 9.
<br />A.ny amounts disbursed by Lender under this Section 9 shall becomYe additional debt of Harrower secured by this Security
<br />Instrument These aunaunts shall. bear interest at the Note rate from the date of disbursement and shall be payable, with such
<br />interest, upon naaice frnmLerx~r' to Borrower requesting payment.
<br />If this Security Instrument is on a leasehold Borrower shall comply with all the provisions of the lease. if Borrower
<br />acquires fee title to the Property, the leasehold and the fee title shall rmt merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insuraa~. [f Lender required Mortgage Insurance as a condition of making t~ Loan, Borrower shall pay
<br />the premiums required to maintain the Mortgage Insurance in effect. If, for arry reason, the Mortgage Insurance coverage
<br />required by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrower
<br />was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the
<br />premirrrrrs required to obtain coverage substantially equivalent to the Mortgage Instrrarrce previously in effect, at a cost
<br />substantially equivalent to the cost to Boaawer of the Mortgage Insurance previously in effect, frorrr an alternate ruottgage
<br />insurer selected by Lender. if substantially equivalent Mortgage h7suz'ance coverage is not available, Borrower shall contitnte
<br />to pay to Lender the amaurrt of the separately designated payments that were due v~~hen the ir~ance coverage ceased to be
<br />in effect. Lender will accept, use and retain these paymeratss as a nnn-refundable loss reserve in lieu of Mortgage Insurance.
<br />Such loss reserve gall be nnn-refun~ble, notwithstaru[ing the fact that the Loan is ultimately paid in full, awl Lerrdex shall
<br />not be required to pay Borrower' any interest or comings an such loss reserve. Lender can no longer requite loss reserve
<br />payments if Mortgage lnsw'ance coverage (m the amount and for the period that Lender xec~rires) provided by an insurer
<br />selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the
<br />premiums for Mortgage Insurance. ff Lender regrired Mortgage Insurance as a condition of maldrrg the Loan and Bonrowex
<br />was required to make separately designates! payments toward flue premiums for Mortgage hasrrrance, 13arxawes shall pay the
<br />premiums required to maintain Mortgage Insurance im effect, or to provide anon-refundable loss reserve, until Lender's
<br />requirement far Mortgage Insurance ends in accordance with atxy written agreement between Borrower and Lender providing
<br />For such termination ar until termir~tion is required by Applicable Law. Nothing in this Section 10 affects Borrower's
<br />obligation to pay imerest at the rate provided in the Note.
<br />Mortgage insurance reimburses Lender (or arty entity that purchases the Note) far certain losses it may incur if Borrower
<br />does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />Mortgage insurers evahrate their total risk on all such ina~~rance in force Exam time to time, and may eater into agreements
<br />with other parties that share or modify their risk, ox reduce losses. These agxcPanents are on terms and conditions that are
<br />satisfactory- to the mortgage insurer and the other parry (ox panics) to these agreemems. These agreements may require the
<br />mortgage insurer to make payments using any source of fiords that the mortgage insurer may have available (which may
<br />include funds obtained fromMortgage Insurance premiums}.
<br />A,s a result of these agreements, Lender, arty purchaser of the Note, another insurer, any reinsnrer, arty other entity, or
<br />any aflliate of any of the foregoing, may receive (directly ox indirecQy) amounts that derive from (ar might be characterized as)
<br />a portion of Borrower's pay~rrts for Mortgage Imzirarrce in atchange for sharing or modifying the mortgage insurer's risk, or
<br />reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange far a share
<br />of the premiums paid to the insures, the arrang~rtent is often termed "captive reins~uance." i±ilrthes:
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