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�011Q�i51
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<br />iy amounts disbursed by Lender under this 5ection 9 sha11 become additional debt of Bonower secured by this
<br />Instrument. These amounts shall beaz interest at the Note rate from the date of disbursement and sha11 be
<br />, with such interest, upon notice from Lender to Borrower requesting payment.
<br />this Security Instrument is on a leasehold, Borrower sha11 comply with a11 the provisions of the lease.
<br />;r shall not surrender the leasehold estate and interests herein conveyed or terminate or cancel the ground lease.
<br />�r sha11 not, without the express written consent of Lender, alter or amend the ground lease. If Borrower
<br />fee title to the Property, the leasehold and the fee title sha11 not merge unless Lender agrees to the merger
<br />�. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower
<br />y the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage
<br />:e coverage required by Lender ceases to be available from the mortgage insurer that previously provided such
<br />;e and Borrower was required to make separately designa.ted payments toward the premiums for Mortgage
<br />�e, Bonower shall pay the premiums required to obtain coverage substantially equivalent to the Mortgage
<br />�e previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance
<br />sly in effect, from an alternate mortgage insurer selected by Lender. If substantially equivalent Mortgage
<br />; e coverage is not available, Borrower sha11 continue to pay to Lender the amount of the separately designated
<br />ts that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
<br />ts as a non-refundable loss reserve in lieu of Mortgage Insurance. Such, loss reserve sha11 be non-refundable,
<br />standing the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any
<br />or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance
<br />e(in the amount and for the period that Lender requires) provided by an insurer sel�ted by L,ender again
<br />s available, is obtained, and Lender requires separately designated payments toward the premiums for
<br />ge Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Bonower was
<br />i to make separately designated payments toward the premiums for Mortgage Insurance, Borrower sha11 pay
<br />niums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until
<br />s requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and
<br />providing for such termination or until termination is required by Applicable Law. Nothing in this Section
<br />;ts Borrower's obligation to pay interest at the rate provided in the Note.
<br />ortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur
<br />iwer does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
<br />ortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into
<br />�nts with other parties that shaze or modify their risk, or reduce losses. These agreements are on terms and
<br />�ns that are satisfactory to the mortgage insurer and the other garty (or parties) to these agreements. These
<br />�nts may require the mortgage insurer to make payments using any source of funds that the mortgage insurer
<br />ve available (which may include funds obtained from Mortgage Insurance premiums).
<br />s a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other
<br />�r any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might
<br />�cterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying
<br />tgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share
<br />nsurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed
<br />� reinsurance. " Further:
<br />) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage
<br />ice, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe
<br />rtgage Insurance, and they will not entitle Borrower to any refund.
<br />�) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage
<br />�ce under the Hom�wners Protection Act of 1998 or any other law. These rights may include the right
<br />:ive certain disclosures, to reque.st and obtain cancellation of the Mortgage Insurance, to have the
<br />ige Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums
<br />�re unearned at the time of such cancellation or termination.
<br />l. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds aze hereby assigned to
<br />11 be paid to Lender.
<br />the Property is damaged, such Miscellan�us Proceeds sha11 be applied to restoration or repair of the Property,
<br />:storation or repair is economically feasible and Lender's security is not lessened. During such repair and
<br />ion period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an
<br />uuty to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that
<br />�pection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement
<br />series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable
<br />quires interest to be paid on such Miscellaneous Proce�s, Lender shall not be required to pay Bonower any
<br />: or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or
<br />'s security would be lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security
<br />ient, whether or not then due, with the excess, if any, paid to Bonower. Such Miscellaneous Proceeds shall
<br />ied in the order provided for in Section 2.
<br />i the event of a total taking, destruction, or loss in value of the Properly, the Miscellaneous Proceeds sha11 be
<br />to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of
<br />ieriy immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount
<br />�KA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />�28 1/01 Page 6 af 1 1
<br />DodVlag/c �
<br />www.docmagfc. com
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