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<br /> � + rovided m ara h 18. by causirtg the acrion or Proceeding to be � � . t .
<br /> • Bortnvrer msy cure such a deFauft and re�nstate.as p P 9�P - -
<br /> disKUSSed with a�uling tfiai.in Lender s good taith detertninatlon. predudes forteiture of the Horrower's irterest in the Property or , _ , _ _
<br /> othe►material impaimient of the tien created by this SecuritY►nstrument or Lenders seCUrit�t �t� Bortower shall also be in � � •z ,.
<br /> i detault if 8orrower.during the toan appGcation D►a�•9ave mate�fally �a�se a��a�+�e�tom�ation or statements to tender(or
<br /> • i failed to provide Lender wtlh any matedai Nfortna6on) m conaection with the loan evidenced by the Note, mctudin9.b+�t not , `t_�
<br /> . � ; GmRed to. represerdations conceming Bortowers occupancY ot the Property as a principa� residence. tf this Securfry
<br /> • InsUument is on a Ieasehoi4 Borrower shall compy with ail the provisions of the tease. If Borrower acquires fee titie to the�
<br /> - _; Woperry.the(easehold and the fee tiUe shaQ not merge unless Lend�a�o�g�t me�Perto�e covenants and a9reements � `
<br /> � 7. Protec8on at I.ender's Rtghts ir�the �rop�stft. _T._ - . -
<br /> + cantalned in Mis Security �nstrument, or there is a legal proceeding that may si9oificanlN aftect Lender's�ghts N the Property �
<br /> t (such as a procee�ng in baniwPtcy. probate.for condemna6on or for(eiture or to entorce taws or regulaLons). then Lender may . . ,
<br /> • do and pay tor wfiatever is necessary to proted the vaiue of the Property and Lenders nghts m the Property. l.enders actions�
<br /> may indude paying anY sums secured by a lie�which has prioriry over this Security Insuument appearing in couR. payireg�
<br /> -�-- reasonabte attomeys fees and entering on the Properly to make repairs. Although Lender may take action under th�s paragaPh� _
<br /> 7,Leider does not have to do so. :
<br /> . ' Any amounts disbursed by Lender under paragreDn 7 shatl become addidonal debi of Bortower secured by this SecurttY� ,
<br /> tnswment Untess Borrower an� Lender agree to other tertns of payment. these emounts shall bear interest from the date of �
<br /> dis6ursement at the Note rate and sha0 be payabta with u�terest.upon notice irom Lender to Bortower requesun9 PaYm�'t ;. ' - `: =.'.'"
<br /> _- . =c g �'�;; ,�.,. - :'.'•;�
<br /> j 8. Mair4gage IriSUr'dRC9. N Lender requfred mortgage insurance as a condAion ot makin the loan secured hy tMs F.,:.,',; -.
<br /> $ecuriiy fis�ument Borrower shall pay the premiums required to mainfam the mortgage insurance in etiecl N.for any reasan.the ��f�,.�x%'t;':",;.._;:', . ' .
<br /> Ivatent 10 the i<<7;�';�.s�k.,�'-�`
<br /> �- mort g a ge insurartce cove�age requ"ued by Lender Iapses or ceases to be in effed. Borrower shall pay the premiums required to t, �y Q st,,.„}
<br /> � �.``:'�i;-:.;;,.:
<br /> obtain cov�age substantialty equivalerrt to tfie mortgage tnwrance prcw i o u s ry i n e f t e c:t.a t a c o s t s u b s t a n ti a l h e q u ���a�,,; j��'E,�..;
<br /> _ . '� �``,-� �. ::
<br /> cost to Boaow� of the moRgage insurance pr�xfensry in effect from an altemate mortgage insurer approved Dy Lende. If <��"'`�
<br /> , substarrttalty equival�t mortgage insurance cov�"�c_e is not avaitable. 8or►ower shall pay to Lender each month a sum equal to •.•�;`,r�.'=-
<br /> , ' one4v+elfth ot the yearN mortgage insurance p�emRm being paid by Borrower when the insurance coverage lapsed or ceased to ' '.,.`...}'-
<br /> be in ettect. Lender w�l accep�use and retafn these payments as a loss resenre in Geu ot moRgage insurar►ca Loss�serve � ,.�--..c `,-:
<br /> paymenfs may no longer be requ"ued.at the option nf Lender. �f moRgage insurance covera9e M the amouM and for the F�iod . <;'•'�:y�;,<< � . �'
<br /> that Lender requtres) provided 6y an insurer aPProved hy Lende again becemes available and is ohtartied. Bortnwer shai pay � '";rs F,a ,:�,'
<br /> ' the precNums required to maintain mortgage insur�nce in effect.or to provid�a tass reserve.until the requ'vement for mortgage `.•,., , , �.:
<br /> �r.
<br /> insurance ends-i�s�ordence witY►any written aa.,Jeeme�t between Barrow�d d L�der or appHcable law . ..
<br /> � . . 9.InSpeCei�.le�der or its aqent may csatce reasonabte entries upert G�d inspecticns ot the PiropeAy- Lender shall give : { �'�. .. . .
<br /> , .:H;t�,r�`. ,`;:�—,-.
<br /> - � � � � Borrower notice at the Ume of or priar to an inspection specifying reasortable cause tor the usspection. �`•`. �f.f._f�,�;;� _.
<br /> 10. Condemnation.The proteeds at a�l awaro o� ��eim tor damages. dired or censequenUal, in connection with any :<:�.,,�4�s3�.��.•r: '.^:
<br /> � candemnation ar othe►taking of any part ot the ProPertY•or for conveyance in I'ieu ot condemnation, are hereby assigned and �i• .}';�,ti;''i'.°;:.f;;'',
<br /> . shall be paid to Lender. ' , r' -
<br /> , In tfie evertt of a total taking of the F+��c�rl�!• the proceeds shatl be apptied to the sums seaccgt hy this Security F"r� !�
<br />- � Instrument.whether or not then due,with any �r�ess paid to Bortowe�. In the event ot a paRial taking of the Properry in which ' , � � r r y
<br /> � � the tair market value of the Property immediate�y before the taking is equal to or greater than the amount of the sums secured , i
<br /> '� by thls Security fnstr�ment immed�ately betore the taldng, untess Bortower and Lender otherwise agree in writing. the�ms E .7a�1/r�i,, `'
<br /> searred by this Secmrity Instnimerrt shsll be�ced by the amount o1 the proceeds muttiplied by the following iracUon: (�! the ,,,r.�: ,
<br /> �,�,. ,:��.�.�'�
<br /> total amount af�;n sums sewred Immediateh 4^�fore the taking,d'Nided by (b1 the fak madcet value oi the Property immed'iatety . , . . ,�. ,.;..
<br /> ' before the takirs�.�~.y balance sha0 be paid to G�orrower.In tne event of a p���wng of the Properiy in which the fair market
<br /> value of the ProF�y immediatety betare tde�:dng is lesa than the amaun*_d��he sums secured tmmediately betrne the taking. �.' „:�t
<br /> • ::�'�,. , �.
<br /> `:�:>•:.. �' ` unless Bortower and Lende► c:r.e.�w�ise a}�ee in writm9 or unless appGca!n_ law othervvise provides, the proceeds shaU be :�: ,:_
<br /> ,'�.'r,: '
<br /> � � • •� appUed to the sums secured py"`,.s Securily 4�slrument wheit.er or not the s..���^s are Nen d��e. . . . . ;,.`-.��
<br /> ;: �` , {� If the Property ts a6andoned by Borrc•-r�. a if.after nc�ce by Lenda te Eor.�ov�a�at the condemnor otters to make an t y_'f..,
<br /> ' .!, award or settle a claim for damages. BorrcfM�3ils to respond to Lerte"� »i:�-� ad days efter the date the noUce is 9iven• {. � ,
<br /> � •t Lender is autharized to cotted a^.d app.y'*= ���•8t its option. either`o re5s�a[:cn or repair o1 the Piraperty or to the =
<br />: .;; sums secured by this Security l:sr=er.t w`�'.-a ar not ther.due. . .��'
<br /> � � . Untess Lender and Borrc�ver �:-erc�se aegee in wr�.ir+�. any appGcation oi procc-�Ss to pcindpal shall not extend or -:•`r-_:�'�
<br /> � '`d�/Te"` �.�`�>>�
<br /> '`` postpone the due date a the r.�:r'-:` � s re}erred to ci parag�aphs 1 and 2 or changs the amount of such payments. ,
<br /> ��;� � � � 11.Borrower Not ReTaased; �ca.^�¢aranse�7/Lender Not a Waiver.Extension ot the Ume for payment or -_
<br /> modficaUon ot amortizaUon of the sums sea-�3 by this Security Inshumertt granted by Lender to any successor in interest of , '.-a�s:�
<br /> - Borrower shell not ope�ate to release the liability ot the oriqinal Borrower or portowers successors in interest. Lender shall not
<br /> {.;� ' • be requlred to commence pre�'m9S 89a(nst any successar in interest or refuse to e�d Ume tor payment or otherwlse . �" ,' ,.°.-�
<br /> .?�,:.. . :��'�'�" . �r
<br /> .:r: moddy amo►tizatlon of the swrs s.cured by thls Security f�tument by reason ot any de:n�d made by the oAglnal Borra��er or !;��4
<br /> �.; �� '',;'s�:;
<br /> gorrowers successors In inte�est. My torbearance by Lender In exereising any dght or remedy shall not be a watvc-r cf or b�,��,;?;�-.�',=
<br /> ,f. � . ': ='4�"r` �:��-.i..
<br /> ���;� � predude the exercise of any dghl or remedy.
<br /> •+' :�E 12. Successons and Asslgns Bczund; Jo1nt and Several Uability; Co-slgners.The covena►ns ane
<br /> ,j� .
<br />•�..�.. = agreements o1 thts Securriy Instrument sha11 ti:-n and benefit the successors and assigns o1 Lender and Borrower,subject to the
<br />._;;i�fs.� � ��� Frovislona of pazagraph 17. 8ortower's covenams and agreements shall be Jolnt and several. Any Bortower who co-si�s this
<br /> Seeurity Instrument but does not execute the Note: (a)is co-signing this Security Instrument onty to mortgage,grant end eonvey •
<br /> , � that Bortower's Interest in the Property unCer the tem�s of thls Security Instrument: (b) Is not personalry obligated to pay the :���\ . �-
<br /> � sums secure�L-y this Security Instrument aid (c) agrees that Lender and any other Bortower may syee to extend,modily.
<br /> :� tor6ear or�any aceommodaUons witli -rgard to the tertne of thls Securiry tnshument or the Note wfthoul that Bortower's � .
<br /> "�'> � � �; eonsent. � •
<br /> r�°��� „ ; 13. L08i1 CI18fg��. �'� 'he loan secured by this SecuNty Instrument is subjecl to a law whlch sets maxlmum taan _
<br /> �� � '�g cRarges,and:hat law is 5r,;�I'.;•�^:erpreted so that the intErest or other loan charges caf!ected or to be collected in connection .
<br /> . � '� � with the loan exxed ffie per�il:ed limits.-''err: ;a) any sucte loan charge sha11 be reduced by the amount necessary to reduce '•�,,:�,. �
<br /> - � ' • the charge tu v�e permitted limit: and��} �y ��ms already cotlected hcm Bortovier whlch exceeded permitted L•mits w::t be
<br /> `„!�. � retunded to Ec:ra:ver. Lender may chaase:c m�ce this refund by reductng the pdncipal owed under the Note or by makin5 a _
<br /> ' dlreet payment to Borrower. tf a refund re�tices Fnncipal. the reductian will be Veated as a partial PrePayment witRCUt am�
<br /> • •� prepayment charge under the��cte. . • '
<br /> { 14. f�02iCe3.MY Rc".uoe'-e BoROwer prodded for tn t�is Security InatrumeM shatl be glven by det'rvering it or by m�'.ing it
<br /> • } by first class mai�unless �,�:^able law reqwtes use ot another method. The notice sfi811 De dlrected to the Propert�0.dCress , �� .�.
<br /> � •.'r or any other sCdress Borrc+�er designates by notice to Lender. My notice to Lender shall be g�ven by first Gass mail to
<br /> ' Lender s adCress stated herein or any othsr address Lender desi�atea by noUce to Bortowe�. My notice provlded for in this
<br /> Security InsUUment shall be�semed to have been given to Borcower or Lender when given as provided in this paragraph.
<br /> � 15. Governing La�rr: S8VA18bili4y.This Secutlty InsUument shall be govemed by }ederal law and the law of the
<br /> �_'�' . jurisdieUon in which the Property is loceted. In tfie event thel aoy provis�on or Gause o1 this Security Instrument or the Note � ,
<br /> ' contlicts with applicabte law. such con0id sAaO not aHect other provlsions ot this Security Instrumenl or the Note which can be
<br /> 1^:�,,� ghren effecl withoul the corAlicting provision. To thls end the provisions ot this Secimty Instrument and the Note are declared to
<br /> . � ! be severab(e. �
<br /> ii.,,.�: , , .
<br /> s�'. � � 18. Borrogrio►'s CoPY•Bortower sha�be given one wnformed copy of the Note and ot this Secu�i Inswment.
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