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� 20110604G
<br />the Property. Bonower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun
<br />that in Lender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the
<br />lien created by this Security Instrument or L.ender's security interest. Borrower may cure such a default and
<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 Properly 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 Bonower, 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 Security Inshvment is on a leasehold, Borrower shall
<br />comply with all the provisions of the lease. If Bonower acquires fee title to the Property, the leasehold and the fee
<br />title shall not merge unless Lender agrees to the merger in writing.
<br />Protection of Lender's Rights in the Property. If Borrower fails to perform the covena.nts 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 enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Properly 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 Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to
<br />make repairs. Although Lender may take action under this section, Lender does not ha.ve to do so.
<br />Any amounts disbursed by Lender under this section shall become additional debt of Bonower secured by this
<br />Security Instrument. Unless Bonower and Lender agree to other terms of payment, these amounts shall bear
<br />interest from the date af disbursement at the Note rate and shall be payable, with interest, upon notice from Lender
<br />to Bonower requesting payment.
<br />Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br />Security Instrument, Bonower shall pay the premiums required to maintain the mortgage insurance in effec� 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 />effect, at a cost substantially equivalent to the cost to Bonower of the mortgage insurance previously in effect,
<br />from an alternate mortgage insurer approved by Lender. If substanrially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each month a sum equal to one-twelfth of tlle yearly mortgage
<br />insurance premium being paid by Bonower when the insurance coverage lapsed or ceased to be in effect. Lender
<br />will accept, use and retain these 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 coverage (in the amount and for the
<br />period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained.
<br />Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve,
<br />until the requirement for mortgage insurance ends in accordance with any written agreement between Bonower
<br />and Lender or Applicable Law.
<br />Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender sha11
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspecrion.
<br />Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<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 then due, with any excess paid to Borrower. In the event of a partial taking of the
<br />Property in which the fair market value of the Property immediately before the taking 1s equal to or greater than
<br />the amount of the sums secured by this Security Instrument immediately before tt#e ta.king, unless $orrower and
<br />Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by ths amount of
<br />the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />taking, divided .by (b) the fair market value of the Property immediately before the talpng. Any bala,nce shall be
<br />paid to Borrower. In the event of a partial taking of the Property in wluch the fair marlcet value of the Property
<br />immediately before the taking is less than the amount of the sums secured immediately before the taking, unless
<br />Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise provides, the proceeds shall
<br />be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br />If the Property is aba.ndoned by Bonower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within the minimum ntunber of
<br />days esta.blished by Applicable Law after the date the notice is given, Lender is authorized to collect and apply the
<br />proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security
<br />Instrument, whether or not then due.
<br />Unless Lender and Bonower otherwise agree in writing, any application of proceeds to priucipal shall not extend
<br />or postpone the due date of the payments Payment of Principal and Interest; Late Charges and Funds for
<br />Taxes and Insurance or change the amount of such payments.
<br />Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Insirument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in
<br />interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to
<br />extend time for payment or otherwise modify amortization of the sums secured by tlus Security Instrument by
<br />m 2004-20 ( 0 Compliance Syatema, Inc. EEOB-FBBC - 2010.03378
<br />Consumer Real Estate - Sec�aity Inahvment DL2036 Page 3 of 6 www.coropliBncesystemacom
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