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<br /> � ' ' Boirowsr malt aRe such a dafau8 end re3nstffie es pta��bct�tn p�s�f6 bY�9 tt�e�ee�ian cr pro�edU►g to do ,
<br /> ° "J�=° dismissed wHh a n�Eny thaL fn Lend�a 8���A d�ennhwttom.Qradudaa��o!tRo gotrav�as�tetest tn phe Ptoyem or � � � ` 4,
<br /> '<�4 �� y • piher materta!haAsim�mt ot the Ren vea2ctd�y►tAts 8�rity Uist��mt.or lai�or'8 sea�rfty OntESest Borrctivet sAaD etso'E0(n .
<br /> � defauEt U BQrrower.�hafng tAo toan ayPQcutton p�eess.gsva�natataIIy fafso or�,�naccurate Infom�aiian ar statemants to l:ender(c* .
<br /> '' ,y� � � ' ia2ed ta,�m�ida Lender vritl�any mn'terlat intortnatloa)tn�nn�ton wB;t.t�t►taan evtQenccd by Ne Nois. tr�cf�� btft nai '.;.
<br /> • l5iu'ted'ta. ieps�tot�a canceming Baamver'e aavp�ttey:.o4 Uta PI�AY �.a pttrscipsl resSdenee. N e1b �eeaa3y► .°-�
<br /> ` < . . Inate�unant is on a teasenetd Botrotver ehaR campty wiih aD tqa pr+ouislono e�thQ teas� 1!B�.rrower.e�utre�tea tit�o Lo 1tie� �"`.,
<br /> .�;;. :�. ',.'•. 5�: P�oA�the teasahoid and the tea tHta ehaU not merga unk�tendar agrar�i�tAu merger tn wrti�g. ,
<br /> �' '° 9.�r+e't9�toD o4��1�3�t's�tgt��t tPi titg�a$ei�t. n�c�re�uor raIIs to veAorm tne eavcnas+ts and e�e;:m¢MS� ` `�.
<br /> :`.F. �°� `� co�tned in Ws Seanity(nsCwnent, a�tRere ts a tega)proe�n9 1Ast ma�J�;�anHE�anUy aft�et iender's rlghb tn tAe Rroyedy �`
<br /> • '� . ' , (such es a pmceading!n Danfaupt�y.Prabate fis eond¢nu�atfan.or taifa'duco mr,to erdorce�ws ot regutaUoiis).tha�L¢ndar may.� .
<br /> '� �_4:•.� :�� � Q�s anQ uay tor wturtettPr ia n�to pmteet the veLte ot th8 ProFc�f.¢rtdi iendet's ttghts(n tAe Prope�ty. t.�eder's adtons
<br /> � :; .; •: �Y.��PaY�9 ertY sums secuted by a Qen which,has �lo[[t�t ouer t�(A 3eeiuKy 6�strutr�nL appeadng in cautt. Raytn9 �.
<br /> � .��. reasonahie�tomeys'lees end entedng an tRe Rreperty to rt��Pahs.Alth�sugh Lender may taice actIan under tAts para�tepA , . f.
<br /> � 7 te�d�dces not h3ve ta do sa • - .
<br /> �Ury amo�[nis dis6msed by Lender und�p2ra�aph T sf�a9 Eacortte adf�ii[onat dffit ot Borrow�ir seatred�y thfs'8eauint �
<br /> Inshumeati Uness Bortc+w�end Lender e�es to ath�term�t ot paya►anL tht3se ea:aunls shait 6ear trtaesi tram the date ot �
<br />. r ...' ', ,•� �is4ursement at the�tote�and sha0 be payc�t�w�h irt�t.aFart e�atiaa�n Lend�to 8amawer reque.sting paym¢r�t � � �
<br /> . , . h 8. tlRa��9 tnSG�l�E►4ieO. ff Lendzr requhed moR�s.in�tuanr.Q esi a arnd�lan ot tt�Sc�ng the[dan sec�ued dy�ds
<br /> t �3eauilY tnstrwaertG 8iorrow�st�aD pay ti�e pr�mhu�►s nequtted�to mafn��e��nrtgag3 htsutmice in diect H.tor atry�ssen,the �
<br /> mertgags insivance eoverage re�uired EY Lend�tapseG ar ea�sss W bQ 5n e#fec�Ba�aw�st�ait pay Me prFmiums repuired to �` �;
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<br /> �'..�'r.: a6tsin coverage suhs�yi equ2v2fent to ths mortgage insi�ance Prarior�ly';6e e`�t�at a east st�sffi�aL7l e�ivatent to ihe k•�,,...
<br />-�.:�:.,:`;::. cost to Bomewer o!the martgage(nsuranee pcevfousty in eKae�&om sn::�e mmtgsge is�s�uer appcaved by Lstider. ff . � -,.
<br /> ,.•.� V .� 4,�: sutis�ishY equ�rafeent mortgage fisurartce�vx�ge is not ava�able.Bor�a+�er shaQ pay w lend�eaeA manth a siun equal to �;..=•
<br /> � � oneiwe?fth af�he yea�ty moRgage inauraRCe ptenHun bdng�id 6y.Sorra�a:wha�the tnsiurnce caveraga iapsed ar eeased to �
<br /> ..':�. , ,� '. Ee in eiie�. L�►der w�eccept,use and teta6�these payrt�e¢tts as a id�.�nre tn Geu oi mortg�qs tnsarai►ce. LQSS resave• � �.:�
<br /> .°:`.�° paymens may no tong�be requtred.at the opiion ot Lend� �m P�a . ��
<br /> .,x�,:� , ortgnSa inai�aisco coverage('sfl tha er�unt end.tar the --
<br /> ""':-"_`.r�t' ' ' _ , fRsi Lend�cequfr�s)pmvided by an insura epymved by F&aeder again:bqc�s ava�abie ar►d ts a0�ed. Bartower sha7 AeY • =--
<br /> ',,i�js-�.:+Sa • —--
<br /> t�(t'�. Ly...�;•:;�;: ;:`;t�re Pr�Gmis r+equUed te mahfmin martg�age tnsnran�in e(�3Ci.or:ta pCa�M�.e tass rese�ve urm7 the recp►trenent tor mortgage -
<br /> ,�:"'tN`�'�;;;;=�;: � . ';if�an�e�end�In aaxrdm�ce vr8h eiry v�agreerr�ertt b�we�n�onou�_atad Lend�or appQca6le iaw. �°
<br /> • � ��lr'� ` �� '.. ,g,t�o1l.L.�det or fts agart me�y make�sana�te mMea.�om:and inspe�Fcns of the Prop�ty. Lender sha0 atve --
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<br /> ;"��� ' , �8orrawEr'�i!�r`c�4t fhe tbrte ot or pdor tv en irrsP�sF�9�Dte�tause tor the tnspectian.
<br /> �_.v:••. . , tO.��Ydemna�rnitwThe pro�eds af am/awsrc�,nr�aim far:dqmagas.�nect or consequeittat.in cannec�ton wtth 6rry ��-
<br /> - ': ;�l� ,4�'�:� • ���wndertmaGvn cr other S�g ot arry part ot the FRopc�ri�k;nr far eatoteys�nc�in Qeu of condemnatlon, ece he�y assigned and •�:-
<br /> ; • '"• shaU be pa�it.�o I.eqtde� � —_
<br /> �.,.��, .�.,� :: :..I..� tr� th�tvent oi a total tsidng of ffie Property, tha proceetffi shriif:lrr� apP�ed W the�svme sear2d Dy tAfs Sectufty • .--
<br /> ; -:z': dtsdume�'mfx�tfier or not ihen��w�lt mry aceess petd�ta�Borrbw�: fn•tt»�nt at a paAtal taWc�g of the Pm�erty in v�hidt. ._, _
<br />---_- " the talr mas9et vetue of the PcoAc�/bnme�atety►before the tak6fg is�olR�or�at�•thar►the amowd of tha aums seauad � ---
<br />-_! :�.. ::.��'�.'.� Dy this 9earrRy tnsGummrt imme�afefy 6efore the fak�g��mless Bom:wet��and l�ersder cth�ulse agree!n �vlBfig. the s�orra, �.
<br /> � ' • . ' � se�aaed bll Ws Seausy tnsaument shaU bs reduced by the amo�mE of.'lhr�p�=aceeds.rtw�'9�d b1►the toQowfng tradtan: ta)ftt�•. .. , __
<br /> • .., total amo�mY.=of the suma secured immediate[y betore the tsfdng.�vldet�3rj.�)th�faiv m�rket vatue.af the ProA�Y�4��Y' ��•= _.
<br /> . � . 6etore thr#�k3f,�g.My batance shaD 6e prld to Batrower.tr�the event�afr.apijorHal tatdng nttAe Proppi2t,(n whtoh Me(air�qartu3E.;:,,'.`; .
<br /> . ..�', value of ttia��'ropeAy imme�ately before the taldng(s Iess than the�slit6uM:l�!tR0 sums seaued frtui�te,fy befama'the fakin .
<br /> ;: . � :.:.,
<br />:;;�j� .,..� : ... unless Bommer end Lender atheiwise acgea in wrftlng.a uNeas ap{sl3swGEe f5w atlr�eerdse proufde�. the,procct�c[s shall be `_`_
<br /> v�a� . 'f��8d t4�IB$llIT18 SBC1A3���9 S84�II��fI5t1URIRt�Y/�liP4t@l 01'flOt-�IR S4'RS 6[�i���:.�8. , •' - .-�' i�g
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<br /> � ,}.�,•�.. ' M the Rnperty is a'auai�i�ned by Borrovrer,oo H a�r:��ce by lendarb 8m�vi�ifdat the condemnor o�(�r.anake en i
<br /> �� i,,������' award ar��a ctatrri fiar damages. Borrower faQs tq�Ri�annd 1D:;�itar;�witlirl 3�i iSays afder the date the'nCdCe1� gHPS1. _•
<br />• t.•.�t,.` r Lende►•is�3lita'�led to CoQsd ettd epp(y the pmceedsra��s o��s�,@�tfiqt:to�estoratibn or�ab o1 the Propeny ar w m�. . _
<br /> ,.,,;. , . _
<br /> _ ��� .� . :'� . susns sa�u�'�y►thts Securtty InsWment.vlAettier or no�:;�En due. `�� ; ' . • _-_
<br /> •:..� �<;�Lender end Botrovrer atherw(se a�ea tn:;'viii�n9, �!eFPt�an M pm�eds to pMe3pa1 shaR ttn9;�ex[end or -
<br /> � ' ' ' �isti�.�se due date o!the motrtAN DaY�►erits referr�3:la�`!n pera�hs 1 t�nd 2 or:�ittu'�ge the emo�mt Qf such.�gyeaenb. � m
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<br /> . . � �;, ?:�.�f::;,�.'brrower Not Gtefoas�d; For�oarans.��t L�endtun t�art a itl2Evc�s.Exte�stun ot the tbne tt�;4�ymem ar� __
<br /> . ' ;:;�; , ::'�,:.a�,.'";�Jic�iirut�ot amort(mtion af the sums�.,acred by this SeaiHry inr�tnu+ie?�;S��d Dy Lender to.�,.suecE►ssor _in interest ot:5.••:'.. .
<br /> . '� •;; '��'larr;�l�aot operata to�etease the��nlaiGty otthe o�gtnat Scm�wer. or�orrower'$successnlsirt�Ctrtaesf. Lertder shallnot-,,,.;.,"'�,: . —
<br /> � �' ��:.-be re�i�:a��io commence proceedtn9$� �1I suc�ssor tn inm'tptitior refuse to extend �rja¢�%p�paymerd er othetwise ��, : .
<br /> , � +'; �mod'il�j amar9�tion o!the suma secureQ��r Wa 8 GnstrumerR b .s�esort at . ___-
<br /> . ,. : , �►�Y Y �!'�mand ma�e by the ortgfiat Bomawa o► --
<br /> ^�k • Borrower's auccessora U (rttc33rest. My torbesrance by t ender in e�:ueislhg er�y'�i�nr rem�dy ahafl naY be a walver ot or =__
<br /> , R . • �._ �; , .' prectude the wcecdse af�ny�tght or�sr�y. ` . • -_--
<br /> : , ..(.�f`; •
<br /> 12. Successore and Asst�Round; Joie4 an�i 8vt�raf Uais54�i�►: C�stglaoars.7'be caven�rrts ana � °�
<br /> -l •• � ..,:�i.,`� agreemecis�qf thfs Seauiiy tnstrumertt�SaA'�btnd and ben�fit the sucaotsers and assigns of Lend�m�d BoROwer.subject to the • E
<br /> ;�i��. .�_.' .: '' '•; _ Pravisions��para�upb 17. ecrrowt�r's r,x�venanb and agresments senA$e loint and.sevetal. A�iy�Borrower who co-signs this � t:
<br /> � Seairity tnsVument Dut�tcgs not execute the Not� {a;fs�oo-sl�ing thta Security tr�tti�gnt oniy to mnrtgage.graM end eornsy --
<br /> �, , ..'�` : � •:; ,;;' Nat Borrowe�'s.Nteresi in the Froperiy und�er tha tc�;r�this Sscudly.�1�strumer�:''Ifit is�aai Desm�aRy abflgated to DaY�. _
<br /> ' j�; ' sums secured by th(s 8ecurfty instrumet�k artd(cj eg;ees that�,tndot�MA any d4R+t1'.Bartavrer may agree•ta e�GGatd.�naSdy. ' : --
<br /> t . . forbear or maRe any aeaommodaVons with regard to the terma ot�t�11a•�cuRfty InsViiiirent or ttte;Note wfthout that Bor�owa's . . � .:
<br /> � y; cGtlsent • , . • ' : . .
<br /> .� 13. LOEi1 Ch�gOA If the toan seeured by this Secu�ity 6�aGtunent is subJect to a Inw�whtcfi sets ma�drtium loan �'�
<br /> < [ �;
<br /> - ,. �,� • chargaa,and that fa�v b ttnalty fiLetpfeted so that the•1rrt4rest or uther lpen char�o,co4ecte4 oi tu be coQected tn conne�lon � n��L-_
<br /> r�� •" � ,'• � ' with the loan wcceed the permitted�mfts.then: (�art�'kwch toen cAargo atiall ba:ir,r�uoed by 4Aa amowrt necesslaq�to�reduce ��4:
<br /> ti Y, ,�� the cherge to the pertnftted Gmi� and'(b)eny sums ehr;ady eo4aoted hom 8crtc��er which exceeded pemlifte(�.ifi�.fts vil�D be g-
<br /> ��, ;r_ retUrtded to Borrower. Lendet may ehear;�to make this retund by redusing the prGtcdpai owed under the IVote of Dy maktng a Q._:
<br /> ����� direct paymerA to Bottawer. If a retut�lf:neduees pdndpal, the redu6t(4n wiA be treated es a paNal prepayment w�hout any � �'
<br /> . . '�1. '; ,
<br /> � Pres►aymertt chargs under tAe Note. .•�� .
<br /> • � . � 14. No19C09.My notice to eattc��ier provtde4 inc tp thb Sesautt�r tnshum¢nt shall be gtven by delNedng fl'a�By maiMg(t ��
<br /> . ��'`,� . ^ : by fust class maU uNsss eppUcable ia►v requlries ase�•a��attotlt�methad fie noUce shaD be directed to the Pfuuj�eiG/Address
<br /> �� ��• or.ar►y other aQQress Bamowei de�l�t� �y ao�ce to Lendm. �y noUce to Lender shaD 6e gi+ren by ftrst i�ass maU to ^
<br /> , � , � . LenQer's ad�ess stated herein or any ollter aQ�ess Lender dealg� taa by noUee to 8artower. My noUce prov[ded tor tn thts • : _
<br /> � ' ' :. .�- 3ecurity Instrument sha9 be deemed ta f'►sve been ghr�to 8ortowet�ar lrender when ginen as premided in this paragraph. ,
<br /> �. � � 1&. Gaveming Isu+r Sev�rablliiy. This Secrudy hishument shaD he govemed by tedetai tavi and the taw o1 the � .
<br /> • ' • jurisd�tian in whtch the pmpeAy Is tarated. In ffie event that art�/pmvislan ar dause o1 Mis 3ccurity Instrument or tho Note 'r�_
<br /> � , • confQets with appQcablo taw,sueh coMllet s�aU not aftect other pravlsions of Uis SecuBty tnswment or the Note w1UcA cen be ��='""
<br />-. _ glven eftect v�Mhout tha coniQctk�g pmAston.To tAts end 1hQ provsiona of thts Sea�rity fnstrument end the�tote ere deeiared to
<br /> • . . Ee sevetebte. �
<br /> ' � �. 18.BO�rOwet's Capy.Borrower shaD be gtven one eoMarmad capy of the tY�rts and ot this Securiry Instrume�t
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