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<br /> �.Borrower may cure such a defnult end reinstate, as provlded In paragreph 18, by ceusing the actlon or proceeding lo be � :,-
<br /> . dlsmissed with e ruling that.In Lender's good fallh deterinlriaQoh,'precludes toAefture o1 the Borrower's Interest in the Property or _
<br /> other matetiel Impalrment o1 Ihe Ilen c!eated by thls Security Instrument or Lender's aecurity interest. Borrower shall elso be In
<br /> defauit if Borrower, dudng the loan applicatlon procass,c�ave materially false or Inaccurate Inlormatlon or statements to Lender (or _
<br /> lalled to provlde Lender wlth eny material Information) In connectlon with iha loan evldencad by the No1o, Including, but nol
<br /> Ilmiled to. representetions concerning Borrower's occupancy o1 the Property as n principal resldonce. II this Socuriry
<br /> In&trument Is on a leasehold.Borrower shetl compiy wfth ell the provislons of tha leaso. II Borrower ncqulres fee titlo lo ihe
<br /> Property,the IeASehold and the fee title shall not merge unless Lender agrees to tho merger In writing. �
<br /> 7. Proteetlon of Lender's Righta In the Property. n eorrower taus to perlorm tho covenants and agreemenis y
<br /> cantained in thls Security Insirument. or there is e legal proaeeding that may significanly aflect Lender's dgh+s in the Propeny _
<br /> (such as a proceading in bankrupicy, probele, tor condemnation or forlefture or to enforce laws ar regulatfons), ihen Lender may � .'
<br /> do and pay for whatever is necessary to protect ihe velue of the Property end Lender's dghis In the Properry. Lender's ecUons� .� -_
<br /> may Include paying any sums secured by n Ilen which hes priority over this Security Instrument, eppeadng m court,paying
<br /> .-...-�'_" reAFnnahle ettomeys'lec:s and entering on ihe Property to make repeirs. Although Lender may take action under this paregreph ,�,I
<br /> '""� 7. Lender does not have to do so. -''y�
<br /> Any amounts dlsbursed by Lender under paragraph 7 shall became addltional debt o1 Borrower secured by this Security {�-�:
<br /> Instnimen t. Un less Bortower end Lender agree to other terms of payment, these emounts shall benr Interest hom ihe date o1 W t::�•;-__
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<br /> disbursement al lhe Note rale and shall be payable, wilh Interest,upon notice irom Lender ta Borrower requesting paymem. _ _
<br /> 8. Mo�tgage II1Sl1�ADCe. If Lender requlred mortgage (nsurance as a condition o( making the ban secured by this �_- y
<br /> Secudty Instrument, Borrower shall pay the premlums required to maintain the mortgege insurance in eHect.Ii,for any reason, ihe ��_;._,
<br /> mortgage Insurance coverage requtred by Lender Ispses or ceases to be in eflect, Borrower shell pay the premlums requked lo —���r:__
<br /> . obtaln coverage substanUalry equivalent to the mortgege Insurance prevlously in eftect, at a cost substantielly equivalent lo the - _ _
<br /> cost to Borrower of the modgage Ineurance prevlously In eNect, trom an altemate mnrtgage Insurer approved by Lender. I( .,��.A°
<br /> substantially equivalont moRgage Inauranae coverege is not availabie. Bortower shall pay to Lender each month a sum equal to ____
<br /> one•twelfth of the yearly morigage Insurance premium being paid by Borrower when the insurance coverage lapsed or ceased lo ---
<br /> be in eHect. Lender will accept, use and retain ihese payments as a loss reserve in Ileu oi mortgage insurance- Los�reserve �;�":_
<br /> payments may no longer be required. at the option of Lender. if mortgage insurance coverage (In the amount and tor the pedod �.�;.;,,
<br /> rovided b an Insurer F►pproved by Lender agaln becomes avaHable and Is obtained. Borrower shell pay �ai<<.
<br /> • that Lender requires) p Y '"----
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<br /> ihe premlums required to meintain mortgage Insurance in eHect, or to provide a loss reserve, until ihe requirement lor mortgage — _
<br /> je insurance ends in accordance with any wrinen agreement between Bortuwer and Lender or epplicable law. _
<br /> � 9. It18peCilOt1. l.ender or its agenl may make reasonable entries upon and inspectlons of the Property. Lender shall give __ _
<br /> Borrower notice at the time o1 or prior to an Inspectlon speclfying reasonable cause for lhe Inspectfon. �__�
<br /> 10. Condemnation.The proceeds of any award or claim for demages, dlrect or consequentlal, in connection wflh any �_«"
<br /> ' condemnation or other taking of any part o(the Property,or for conveyence in Ileu of condemnation, are hereby assigned and =__
<br /> .. shall be pald to Lender. ---
<br /> In the event oi a total taking ot the Properly, the proceeds shell be epplied to the sums secured by thls Secudly
<br /> Instrument, whether or not ihen due, wilh eny excess pald to Borrower. In the event oi a partlal taking of Ihe Property N whlch _
<br /> � fhg falr market value of the Propetty immediately befare the taking Is equal to or greater thsn the emount of the sums secured
<br /> by thls Securily Insirument immediately before Ihe tekfng, unless Borrower antl lenaer otnen•...,e agrea in w�iii��y, itro su���� _
<br /> ' secured by this Secudry InsiNment sheli be reduced by the amount of the proceeds mulUplled by the followfng fractlon: (a)Ihe
<br /> total amount of the sums secured Immedlatety before the teking, divlded by (b) the fair market value ot tfie Properry tmmedfately
<br /> ,, before the taking.Any balance shali be pald to Borrower.In the event ot a partial taking of th3 Property In which the faU maAcet
<br /> value of the Property Immt�dlatety betore the taking is less than the amount ot the sums secured immediately before the taking,
<br /> • unless Borrower and Lender othervvise agree in w�ling or unless epplicable law otherwise provldes, the proceeds ehall be
<br /> epplied to the sums secured by this Socudty InsWment whether or not the sums are then due.
<br /> ' 'a It the Properry is abanJo��nd by Oorrower,or tf,nitcr notice by Lender to Borrnwa that the condemnor offers to make en
<br /> award or settle a clalm for demages. Borrower fails to respond to Lender within 30 days sfter the date the notice Is given,
<br /> . �� Lender is authorized to collect end epply the proceeds, at its option, elther to restoration or repelr of the Property ar to the
<br /> « sums secured by this Security Instrument,whether or not ihen due.
<br /> '' Unless Lender and Borrower otherwise egree In wdting, any applicatlon of proceeds to princlpel sha� not ezlend or
<br />' posipone the due date of 1he monthly payments reterted to In paragraphs 1 and 2 or char,ga the amount oi such payments. _
<br /> 11. Borrower Not Released; Forbearance E;y Lende� Not a Waiti�er.Extension of the tlme for payment or
<br /> modiflcation of amortization of the sums secu�ed by this Security Instrument granted by Lender to any successor in interest of
<br /> � Borrower shati not operate to relesse the Ilabillry of ihe orlginal Borrower or Bortower's successors in Interest. Lende�shall not
<br /> ba requlred to commence proceedings agalnst any auccessor in Interest or refuse to extend tlme for payment or othenvise
<br /> � modify amortization of the sums secured by thls Security Instrument by reason of any demend made by the odginal Bonower or
<br /> Borrower's successors In interest. Any torbearence by Lender In exerclsing any rlghl or remedy shall not be a waNer ol or �
<br /> �� preclude the exercise oi any right or remedy.
<br /> � 12. Successors and Assigns Bound; Joint and Several Llability; Co-signers� The coverents end
<br /> - agreements af this Security Instrument sheA bfnd and benelit the successors and esslgns of Lender and BoROwer, subject to lhe
<br /> - ..�:. provistons of paragreph 17. Bortower's covenents and agreements shaA be Jolnt and several. Any Bortower who co-slgns this
<br />;,�'• Security Instrument but does not execute ihe Note: (a) is co-signing thls Secur(ty Instrument only to mortgage,grant and convey _
<br /> '' + • i that Bortower's Interest in ihe Property under ihe terms of thls Securtty Instrument; (b) Is not personay obllgated to pay the
<br /> � ' ' sums secured by thls Security Instrument; end (c) agrees that Lender and any other Borrower may agree to extend,modily,
<br /> torbear or make any accommodatlons with regard to the terms ot this Securlty Instrument or the Note without that Borcower's
<br /> consent. ----_
<br /> 13. Loan Charges. If the loan secured by thfs Security Instrumont is subject to a law which sets maximum ben �
<br /> charges, and that law is ilnally Interpreted so ihat the interest or other loan charges collected or to be cotiected in conneclion �':'_-
<br /> t • with the loan exeeed the pertnitted Iimfts,then: (a)any such loan charge shall be reduced by the amount necessary to reduce „ s �
<br /> � _ the charge to the pertnitled Iimit; and(b) eny sums already collected trom Bortower which exceeded permitted Ilmits wlll be ,µtiyR
<br /> ' relunded to Bonower. Lender may choose to make ihis refund by reducing the principal owed under the Note or by making n �
<br /> direct peyme�t to Bonower. Ii a refund reduces principal, the reducilon will be treated as a parllai prepayment without eny 1{
<br /> prepayment chorge under the Note. ('��"
<br /> 14. NOtiCBS.Any notice to Borrower provided for In this Security Instrument shall be given by delNering It or t�y mafGng it
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<br /> � by flrst class mail unless applicable lew requires use ot enother method. The notice shall be directed to the PropertyAddress :�',;''.��
<br /> ! or any other address Bortower desfgnates by notice to Lender. Any notice to Lender shall be given by first class meB to
<br /> ��,�a:� addrass stated herein or any other address Lender deslgnates by notice to Bortower. Any noUce provlded lor in this
<br /> Security Instrument shall be deemed to have been given to Borcower or Lender when given as provltletl m this paragrape. -
<br /> 15. Governing law; Seve�ebllity. This Security Instrument shali be govemed by tederal law and tho law ol the
<br /> �� jurisdiction In which the Property fs localed. In the event that any provislon or clause of this Security Instrument or Ihe Note '
<br /> conflicts with appllcable law, such conflict sha�nol eNect other provislons ol this Security Instrument or the Note which can be
<br /> '' given effect withoui the canflicting provision. To this end the provisions of this Security Instrument and ihe Note ere declared to
<br /> i be severable.
<br /> j 16. BO�t'Ow81''S COE7y. Borrower sha�be given one conformed copy of the Note and of this Security Insirument.
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