Common use of PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY Clause in Contracts

PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY. If Mortgagor fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender’s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), then upon reasonable advance notice to Mortgagor, Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s rights in the Property. Lender’s actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys’ fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 8, Lender does not have to do so. Any amounts distributed by Lender under this paragraph 8 shall become additional debt of Mortgagor secured by this Security Instrument. Unless Lender agrees to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Mortgagor requesting payment.

PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY. If Mortgagor Borrower fails to perform the covenants and agreements contained in this Security InstrumentMortgage, or there is a legal proceeding that may significantly affect Lender’s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), then upon reasonable advance notice to Mortgagor, Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s rights in the Property, provided the amount is in excess of $10,000. Lender’s actions may include paying any sums secured by a lien which that has priority over this Security InstrumentMortgage, appearing in court, paying reasonable attorneys’ attorney’s fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 85, Lender does not have to do so. Any amounts distributed disbursed by Lender under this paragraph 8 5 shall become additional debt of Mortgagor Borrower secured by this Security InstrumentMortgage. Unless Borrower and Lender agrees agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, payable with interest, upon notice from Lender to Mortgagor Borrower requesting payment.

PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY. If Mortgagor BORROWER fails to perform the covenants and agreements contained in this Security Instrument, Instrument or there is a legal proceeding that may significantly affect Lender’s LENDER'S rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture condemnation, or to enforce laws or regulations), then upon reasonable advance notice to Mortgagor, Lender LENDER may do and pay for whatever is necessary to protect the value of the Property and Lender’s LENDER'S rights in the Property. Lender’s LENDER'S actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys’ fees ' fees, and entering on the Property to make repairs. Although Lender LENDER may take action under this paragraph 8, Lender LENDER does not have to do so. Any amounts distributed disbursed by Lender LENDER under this paragraph 8 shall become additional debt of Mortgagor BORROWER secured by this Security Instrument. Unless Lender agrees BORROWER and LENDER agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender LENDER to Mortgagor BORROWER requesting payment.

PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY. If Mortgagor Borrower fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender’s 's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or of forfeiture or to enforce laws or regulations), then upon reasonable advance notice to Mortgagor, Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s 's rights in the Property. Lender’s 's actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys’ ' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 84, Lender does not have to do so. Any amounts distributed disbursed by Lender under this paragraph 8 4 shall become additional debt of Mortgagor Borrower secured by this Security Instrument. Unless Borrower and Lender agrees agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Mortgagor Borrower requesting payment.

PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY. If Mortgagor Borrower fails to perform the covenants and agreements contained in this Security Instrument, Instrument or there is a legal proceeding that may significantly affect Lender’s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture condemnation, or to enforce laws or regulations), then upon reasonable advance notice to Mortgagor, Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s rights in the Property. Lender’s actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys’ fees fees, and entering on the Property to make repairs. Although Lender may take action under this paragraph 8, Lender does not have to do so. Any amounts distributed disbursed by Lender under this paragraph 8 shall become additional debt of Mortgagor Borrower secured by this Security Instrument. Unless Borrower and Lender agrees agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Mortgagor Borrower requesting payment.

PROTECTION OF LENDER’S RIGHTS IN THE PROPERTY. If Mortgagor Borrower fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender’s =s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), then upon reasonable advance notice to Mortgagor, Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s =s rights in the Property. If there are liens upon the Property which are prior in time or prior in right, then Borrower promises to comply with the terms of these prior liens. If Borrower fails to comply with such terms and defaults on these obligations or liens, such default shall also be considered a default of this Deed of Trust. Lender’s =s actions may include paying any sums secured by a lien which has priority over this Security Secured Instrument, appearing in courtCourt, paying reasonable attorneys’ attorneys= fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 8paragraph, Lender does not have to do so. Any amounts distributed disbursed by Lender under this paragraph 8 6, shall become additional debt of Mortgagor Borrower secured by this Security Instrument. Unless Borrower and Lender agrees agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Mortgagor Borrower requesting payment.