Common use of Protection of Xxxxxx’s Rights in the Property Clause in Contracts

Protection of Xxxxxx’s Rights in the Property. If Xxxxxxxx fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect the Lender’s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), the Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s rights in the Property. Xxxxxx’s actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorney’s fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Xxxxxx does not have to do so.

Protection of Xxxxxx’s Rights in the Property. If Xxxxxxxx fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect the Lender’s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), the Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s rights in the Property. Xxxxxx’s actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorney’s fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Xxxxxx does not have to do so. Any amounts disbursed by Xxxxxx under this paragraph 7 shall become additional debt of Borrower secured by this Security Instrument.

Protection of Xxxxxx’s Rights in the Property. If Xxxxxxxx fails to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect the Lender’s rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), the then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender’s rights in the Property. Xxxxxx’s actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorney’s attorneys’ fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Xxxxxx does not have to do so.