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201107697
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201107697
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Last modified
3/7/2012 11:06:22 AM
Creation date
10/14/2011 3:39:21 PM
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DEEDS
Inst Number
201107697
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201107697 <br /> for the repairs and restoraCion in a single payment or in a series of pxogxess payments as the work is <br /> compleCed. If Clie insuruice or condeuuiation proceeds are not su'Fficient to repair or resmre the Properiy, <br /> Borrower is not relieved bf Borrower's obligal'ion for Che eompletion of sucli repair or restoiation. <br /> L,ender or iCs agent may make reasovable entries upon and inspections oY the Property. If it has reasonable <br /> cause, Lender may inspect the interior oP Che improvements on Che Property. Lauder sliall give Borrower <br /> notice at the time of or prior to such an interior inspecYion specifying sucli reasonable cause, <br /> 8. Borrower's Loan Application. Borrower shall be in default if, during tlie Loaa application process, <br /> Borrower or any persons or entities aeting aC Clie direction of BoTrower ar with Borrower's knowledge or <br /> conscnt gave mace�ially false, misleading, or inaccurlce in#brmation or statemen[s Co L,ender (or failed to <br /> provide Lendar with material Information) in connecCion witl� the Loan. M�aterial represeiltations include, buY <br /> are not limited to, representations concerning Eorrower's oecupazicy of elie Propetty ae Borrower's prineipal <br /> residence. <br /> 9. Protection of Lender's Interest in the Property and Rights Under this Security Instrument. If(a) <br /> Borrower fails to perfprm thc aovenanCs and agreements oontained in this Securi[y Indh�umcnC, (b) there is a <br /> legal proceeding thaC might signifieantly affect Lender's interes[in the Prope�ty and/or rights under tliis <br /> Securiry Instrument(such as a proceeding in bankruptcy, probatc, for condemnaCion nr forfeiture, for <br /> enforcemant of a lien which may atWin priority over this Seeurity Instrument or to enforce 12ws or <br /> regulations), or (c) Borrower has abandoned the Properry, then Lender may do and pay for wha6ever is <br /> reasonable ox appropriate to protect Lender's iuYerest in Clie Property �md rights undcr chis Security <br /> InsCrument, including proteeCing and/or assessing the vnlue of Che ProperCy, and securing and/or repairing <br /> the ProperCy. Lender's actions can include, but are not IimiCed Co: (a) paying ang sums secured by a lie» <br /> wl�icl� has priority over this Security Instrument; (b}appearing in court; and (c) payiisg re��son2ble attoraeys' <br /> fees to protect its interest in the ProperCy and/or rights under this Security Instrumeut, i�icluding its secured <br /> position in a bankrupCCy proceeding. Securing the Property ineludes, hut is not limited to, enCering the <br /> Propercy Co make repairs, change locks, replace or Uonrd up do�rs and windows, drain water from pipes, <br /> eliminate building ar other code violations or dangerous condiCions, and have uYilities turned ou or�off. <br /> Aldiough Lender may t�d<e action under Chis Section 9, Lender does noC liave w do so and is not undcr any <br /> duty or obligation to do so. If is agreed that Lender incurs no lia6ility for not taiking ttny or all ac[ions <br /> autUorized under this SacCion 9. <br /> Any amounts disbursed by Lender under this SecCion 9 shall become additional debt of Borrower secured by <br /> tliis Security HistrumenC. These amounCS shall bear interesC aC tha Note rate from the date of disbursemei�t <br /> and shall be payable, wiCh such interest, upon noCice from Lender to Boxrower requesting paymcnC. <br /> If this Security Instrume�it is on a Ieasehold, Sorrower shall eomply witli all [lie provisions of tl�e lease. If <br /> Borrower xcquires fee tiCle tio the Properry, trte leasehold and tlie fee title shall not merge unless Lcnder <br /> a�recs to lhe merger in writing. <br /> 70. Mortgage Insurance. If Lender required Mortgage Insurance as a condiCion oP making Che I,oan, Borrower <br /> shall pay the premiums cequired to maintain the Mortgage lnsurance in effecC. If, for any reason, the <br /> Mortgage Iusurance coverage required by Lender ceases to be availaUle from the mortgage iusurer tliat <br /> previously provided such insurance and Borrower was required Yo make separatelq designated payments <br /> toward Che premiums for Mnrfgage Insurance, Borrower shall pay the premiums xequired lo obtain eoverage <br /> substantially equivalent to Che Mortgage Insuiance previously in efFect, aC a cost substanPially equivalent W <br /> the eosC to Borrower of tlie Mortgage Insurance pxeviously in�fPacC, Prom an alternate mortgage i�surer <br /> selected by Lender. If substantially equivalcnC Mortgage Insurance caverlge is not av�ilable,Borrowcr shall <br /> 231188 <br /> NEePASKA-Sinqle Pemlly-Fennle Mao/Froddlo Mnc UNIFORM INSTRUM[NT Form 3028 1l01 <br /> VMP� VMP61NE111 706j <br /> Wul�nrn Klurver Finnnvinl Snrvicne Papa e of 1] <br />
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