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<br /> cr�ated by thls Secudry Insuument or l,ender's ser.urity interest. Honower shall also bo in default if Barrower,during � :
<br /> � tba loan application process.gava materiolly ta15e or Inuucuruto in[armation ar statar=tent�to I.ender (or failcd to I
<br /> ' provlde L.encler with any matedal intormatlon)in connectton wlth the laan evtdenoed by tha Nata,including,bux a4t ,
<br /> limiced to.represenuctoas concerning Borrower's occupancy ot tha Property as a prinr,�pwl r�sidnt►oo• II thLs Sc:curiry � . • _ , .
<br /> Instrument is an a leasehold,Bonower shall comply with all the provlsians of thn laase. If Borrrnver acquires fee titl� .._.�t'��'�.'
<br /> to the Property.the leasehuld and the[cc Utle shall noc merge unless Lendor ap�rses ta�hc�mai�c iu writing. x_,_.�;,�:..
<br /> 7. p�p��� g����n t�e property. If Bonower fails to perfarm Uto wvenants and agiamsnt� ' ,'f`�'-__---
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<br /> contained in this Securlty Instrument,or there is a legal proceeding that may signiftrrnttyafi�ct l.ender's rights in ths • _,,;
<br /> ' Propetry (such as a proceeding in banlcruptry. ptobate, for oandemnatian or [arfESlture or to enforce Laws or �''��:
<br /> ,�� regulaUons),thea Leader may�to and pay tor wdatever is aec.essary ta protect the valua ot the Property and Lendc:r's . .�T,-_�
<br /> � dghts in the Property. Lender's actlons may Wclude payinS anY sums secured by a U�n whic�►has pdority ovor tbib --_- —
<br /> Securlty Insttument,aPpearinB in court.paying reasc�nablo atwmeys'fees and entaring oa�he Property to make repairs. ��:��;�`—
<br /> Althaugh Lender may take ection under this paragraph 7,I.ender dces not hAVe to do so. ' •��`--
<br /> Any amounts disbursed by Lender under thls paragraph 7 shall beoome additlonal d�bt ot Borrowor secured by thfs •v:a��
<br /> . Securlty instrumettt Unless Barrower and Lender agree to oWer terms of payment,thaso amanats shnll bear interest '�:.�i"`�
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<br /> from the date of disbursemeat at the Note rate and sball be payable,with interesc, upon natioe from Leader to 1t,�
<br /> �, Honower requesting payment. `
<br /> f g� Mwtp�e Leyianoo. If Lender required mortg,age insurance as a condition of mak[ng the loan secured by thls .,!�'.:":
<br /> . � 3ecuriry Instrument,Borrower shall pay the premiuuu requi�ed to maintain the mort�agc insuraace in effect. If,for 'r-`-� -
<br /> any reason,the mortgage insurance ooveragc required by Lender lapses or ccases to bc in eifcct,Borrower shall pay . .�-
<br /> , We premiams requlred to obtain wverage substantlaUy equivalent to the mortgage it►surance prevlousty in effect,at ,�
<br /> t to Borrower of the mortgage insurance prevlousty in offe.ct,from an alternate ;��-"
<br /> a oost substantiaUy equivalent to the oos =••��—�
<br /> _ � moneage insurcr approved by Lender. If substaatlally equivalent mortgaga insurancc coverage is not available, ;��v_
<br /> '� Borrower shall pay to Leader each month a sum eqna►to one-cwein�of�he yaarty ui�.�gag�ia�ur'�ssr�F����''-i'o — _ _
<br /> �: � paid by Honower when the insurance coverage lapsed or ceascd to be in e�'ect. l.�ender wUl accept,use and retain
<br /> � c ese ents as a loss reseive in lieu of mongagc Insurance. Loss eeserve paymcats mAy no longer be roquired,et � , �
<br /> h paym
<br /> , the option of Lender,if mongage IInsurance ooveraBe(in the amounc and for che pedal tlwt I.ender requires)prav�ded _ _
<br /> by an insurer approved by Lender again becoates available and is obtained Borrov+cr sbill pay the preaituma requ.ired — _
<br /> � to maIntain mortgage insurutce in cf�ect,or to provtdes a loss resetvc.untiL the requircment for mongage insurance —
<br /> - ends W accordancu with aay wr{tten agreemenc between Borrower and l,ender dr applirable law. __
<br /> g Iaspa;t�oe. Lender or its agent mny make reasonable encrtes npon aad inspections of the Property. Lender __
<br /> shall g[ve Borruwer notice at the time of or prior to an lnspection speciPj+ipB reasonablo cause for the inspoction.
<br />- •• la Co�dCmnui�o�. 'Ihe proceeds of any award or cicim for damages,direct or conseqnential,ln oonnectton with
<br />�� ' any oondemnation or other taldng of aay part of thc Prop:rty,or for oonveyanoe in Ueu of oonflemnation,are 6ereby
<br />- , ' ,, assigaed and s6aU be paid to Lender. _
<br /> '' In We event ot a total taking of the Property,the prooeeds shall be applied to the st►ms secured bY thls Sc�curj�y' _
<br /> '�' �`' Instrument,whetLer or aot then due,with any excess paid to Borro�a+er. In the event of a partial taking of the Properry �,
<br /> " in which the fair roarket value of the Propercy immediately before t�e talcing is equal to or greater tttan the amount
<br /> � of the sums secured by thLS Secudty Insuument immadiately before the taldng,unless Bon'ow'er and Lender othecwLse �•._
<br /> agtee ia writIng,the sums secured by thLs Security Iasuument shall be reduoed by the amount of the proceects
<br />= multiplied by the[ollowing fraction: (a)the total amount of tbe sums secured immodiately before the taking,divided —
<br /> by(b)the fair matl�et walue of the Property lmmediately beforc the taking. Any b�lance shaU be paid to Borrowcr.
<br /> �- In the event af a partial taldng of We Properry in which the fair maricet valve of the Plopercy immediately before the
<br />-,• ' ta{ciitg is less than the amount of the sums securod immediately beforo Wa taldng,unless Botrower and Lender :,;���_`
<br /> • � othe�wise agee in writing or unless appUcable law othervvise providcs.the pruceeds sbaU be applied to the sums ..;;_���
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<br />;; � securect by thts Securiry Instrument whether or not the sums are then duo. -6 �--� —`.
<br /> If the Property is abandoned by Bonower,or if,after notice by Lender to Borrower that the oondemnor offers to ..L r
<br /> '';;'�• make an award or setAe a claim for damages,Bonower failt to respond to L.ender within 30 days after the date the ..y •��;�.1:,.�'
<br /> notice is given,Lender is aut8orized to aollect and apply thE prooeeds,at Its option,elther to restoration or repair of ••µ.�.
<br /> s the Property or ro the sums secured by this Securiry Instrumenc,whether or not ffien due. : �
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