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<br /> �' � � Bartower may wre such a defautt and re6rst�te.as provided fn para�aph 18,by rausing the actian or praceeding to be �:��
<br /> � `� ��� '� a. dismissad with a ruGng that,in Len�s good fa8h dxtemfiaffion.Rrea'udes foAeiwre o!the Borrowei's i�rtc�rest in the Froperty or ' .
<br /> °,.`� � � other matettal impairment of the 11en cresDed by thls Seeuriry U�strumeit or Lc�dds securtry tnterest. Bortower shaD eLsa be in ��'�' ,
<br /> �� detauEt il Bortowe►,dwing the Inan appIlratton proeess,gave materiady tafse or Inaccurata tnfom�atton or sffitements to Lender(or ,
<br /> � � �� �. faned to provtde Lereda vrRh emr matedal Intortnaflon) in connectfon w�h the toan evtdeneed by the Net� Inciu�ng. 6ut not �.
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<br /> " , �� Urt�ited to, r�Preser�tions conceming 8orro�vers occupancy oT ffie Property as a pdm3paf resid2nee. !f this Secu�ilyr .
<br /> � '. Inshume.nt is on a teasehotd, Bortower shaU compty with e0 the provisions of tbe tease. I1 Borrowe►acquires fee title to the . °
<br /> • Properry.the teasehotd and the tea titie shaU nat merge untess Lender agrees to the merger 1n wiidn9.
<br /> � � 7.P�2e�ton of Leader's RigMs in the Pwperty.H Borrower ta0s to peRortn the eovenarrts and agreements = `! �``
<br /> � � ' contehted in this Secudty Instrument, or there is a tegai pmceed'ing thst may si�fficant[y�eot Lender's tights in the Froperty . ' .
<br />. � ' (such as a pmcee�ng tn 6anlouptay►.pmi�aze,tor condemnatlon ar todefhne or to entor�e taws ar regutaHans).then lender may . '� ����
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<br />� -t da and pay for whatever is neeessary to protect the value of the Piroperty and Lender's dghts tn the Property. Lender's adions
<br /> _� '°•. .�� , may indude payfng any sums secuted by a Gen which has pdorRy over this Seeuriry Instrument, appeadng in couA. P�9 . •
<br /> _.�,--�"-°.'�.,'` reasonabie attomeys(Ees and enteting on tpe Prape:tyr tcs make�irs•AfthouSh L�eder rmy mlre adion suider this Parafl►aQb --. _ - --_
<br /> � � . 7,Ler�der does not heve to do so. _ _
<br /> - - • � � Any amounts disbursed by Lender under paragraph 7 shatl 6eeome additfonal de6t oi Borrawer secured Ay this Seeurity : ,
<br /> tnstrument. Unless Bartower and Lender a�ee to ather tecros o!payment,these amounts shall bear interest from the date of '•_.; .
<br /> � �� `"- ` �isbtusemmt at the Note raTe and sha8 be payabt&vidh tnterest,upon ttotice from Lender to Bortower requestln9 Palm►�L , ` •''
<br /> '� 8. Mo�ig8ge (RSUMdfiC9. N Lendet requited maKgage Insuwnce as a con�ion ot maidng the loan secured by thb .
<br /> ` � SewrIry Inshument, Bortower sha0 pay the premiums required to matrtafn the mortgage insuraztce in effecL H.for any reason.!Ae
<br /> . �`. ;. mort��a insurance coverage requked by Lender fepses or cesses to be tn efted,Botrower shaD pay the prerNums required to �
<br /> . '�' � obt�as caverage substsntiaaltyy equi��t to the mortgage i�surance previousiy in eNed. ffi a cost substantially equtvatent to the . ..
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<br /> � cost to Borrower of the mortgage insurance pre�iousty tn efteq, trom an eltemate mor[gage Insurer approved by Lender. If � . -�r
<br /> .f` � , subsLantiaIIy equivalent mortgage�sasance cov�age is not available Borrower s[�a0 pay to Lender each morRh a srun equat to `.c��`.'--`
<br /> • ' on�tuveifth of the ye�tyr mortgage insurance premtum being paid by Borrower w�.`.En the insurance eov�age tapsed or ceased w �. _
<br /> .. , '•.� be Gt�zd. Lender vrID accept,u�and retain these payments as a loss res�a tn �eu at martgage insuranee. Wss�eseve ,._<;::�,:•, .
<br /> . •. payta2�:s may no tonget be requ�.��.at the opttan of Lender,if mortgags insura.RCe cavera�e{ce iha amourn and tor the paicd
<br /> - that�der requfres) pmvided by a�i�surer app�ed by Lender again becom�s araitabte a��ds obtatned. Bormwe sisa6{�ay �- -
<br /> � � �. 4he�:dums raquited W maintaui :rc►iqaSe Bssua-.ce in�fect.or to provlde a lou reserve. uifiT ths�s�znt far moRgage .s-•.' . ,:
<br /> �-�'� , . � ins*.�:�ends in acccrdance w�Th a�y wr�tien a�ent hetweer►Bortower and lende►or applfcaQ[e taw. �" _
<br />- --- - - °1n3pBG'lto9f.Lend�ar iss agent may:r.�ce reasonabte enbiea upon artd Inspections ot the Properiy. Lend�shaD ghre '. ",:r :.
<br />. • Bcrr�r.rrzr naHce ffi the tlme of or p�x to an Inspedion specifyfng reasonable cause for the inspedion. fi?
<br /> � °�•`•'•°� SO. Condemnatton.TRe�ceeds of acry award or dabm far d�nages. �rect or consequenUal,in connedton vrnh azry � • �,"�i
<br /> -, � .' • �.`;r, condemnaflon or other talcing ot a-y pa►t of the Property, ar Tar wnveyance in Geu of condemnation,are he�eby assi�ed and 7°�.��' ,�
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<br /> : � sha0 be paid to Lende►. .. , .�;..�-'
<br />�`•� -���• ' � - • (n the euecrt of a taffiI talang of the Properry, the praceeds shail be appQed to the sums secu:e� by thts Secur7ly '- .
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<br /> .,••�:,:.�r . Instrument,whether or not then du�with erry eucess paid to Bortower. fo the event of a pardal teWng o1 the Properly fn which ,
<br /> the tair maAcet vafue at the PropatSt immediatety betore the tatdng is equai to or greffia thart the amount of the sums seaired �. ,, "
<br /> ``� i�n,...�� "'��M�, ':� by thls SeCUrfly h►SWme�1t imm� OefOte tfie tBWlig, unless BOROWef elld_Lelider oSheGttllse�q�ee ic1 W[�nQ, the s.uns � ����:_--
<br /> u '`' seeured by this Sewriry Instrum�tt she0 be�e�tced by the amourrt ot the proceeds muftipf�."�y�2 fo��g fraction: (a��e •�; 7,_,�::__
<br /> `' ,� "� toml amount ot the suma seatred tmmediatery b�the tatdng,divtded bY(b)the fatr market vatae ct the P�eriy immed�ety •;��
<br /> ` �. ' before ffie tetdng.ilny ba(anee shalt be pald to Bxmwer.tn the ever�t ot a partfzt t3ldng ot Lhe Property in whh�f the fair market -_T,-+�J
<br />� � ,f ��.- ` ..� vaiue at the PropeRy immediatey betore the fatdng is fess than the amount of�r.s sums sec�ed imme�a:ey before the taking. � ' ,
<br /> un(ess Borrower and I.Ender athc-a�-�se a�ee in wdtlng or unless eppficable faw othenvse provides, the proceeds shall be • '��� �
<br /> : appQed to the sums secured by Us Security Ins6umerrt whether or not the sums ara thert�s. _ _-
<br /> � —__ — N fhw PropaRy fR adandoned by Borrower, or H.after eoUca by I.�der to Barrow�ttraf�he condemnor ofters to make an
<br /> ���� award or settle a.de6r�tor damages, Borrower ta�1s to ceapond to Lender�ti�*.L�30 days after the date the noUce is given. `•"' � ,••�.';
<br /> � • • .• '� '•, l l.ender ts euthor(zed to eoRect and appy the proceeds,at its option,erther to restoratian ar repair o1 the Property or to iha
<br /> � � • siuns secured by this Security Insfr�ment,wt�ether or aot tAen due. , -
<br /> ' � '' Untess Lender and Borrower athervWse a�ee in w►Iting, any eypiicaUon ot proceeds to pdncipel sAa11 nW extend or . '".' � -
<br /> �Y- ' ' �`'"�i� pos�ane the Que Bate of the m��'`�y paymenis rehmed to fn pzsagraphs 1 end 2 ar changs Gks amourrt o1 sucb paymer►Ls. --�!�:;;
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<br /> ,�. � , 11. BORON►Or I�ot Reter�'r�ad; Foribearanae�y t�rtdsr l�ot a Waives.B,4�slon ot the ttme for payment or • • • -
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<br /> � mod�fica�on of ameeff�on af Ue s::��s seair�b}p this Seeurfry Imstrument�anted by LenQe►to any suca�sor In Tnterest ot .,;,�,!�,
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<br /> �-� " `` Botmuver shaD nat c�+3a!e to r�n„�,:a the Ifab�,"("�. cY the odginal Bortewer or Barrawer's successora(n inter�. lender shall aot -_-__
<br /> �'•' " ' : .�;t 6e r�qutred to cottimence prooz-�'c3s against any successot in interesl or re(use to wRend Ume for pa��cmt or olrawise .•:;;;'"
<br /> � ; modify emoNtation of the sums:r�rfed by thts Securiry Instramerrt by reason o1 eny demand maQe by the odgfial Borramc-�or ��:-��'�•,;�
<br /> � , Borcower's successara fi irrterest Any forbeatance Dy Lender in exercising any dght or remedy shail not be a waiver af or
<br /> �.'•:... � ..� pre�ude tha exer�ise of eny d�t or remedy. �
<br /> � :� 12. Succesc;o►s and Assigns Bound; Jolnt and Severa4 dEabtlity; Co-slgnera'me covenants ana --
<br />�� � `� a�aemenis of thts SecuAty Insbum2rrt shaU bb►d end benefit the successors and assigns ot LenQer and Bcma�er,subject to the - _ _-
<br /> .��, , provisions of paragraph 17. Borrayrer's covenerrta end a�eements shall be joint end several. My Borrowes who co-ai�a this ' • -
<br /> '. • ,�;;,yr... ",.� 3ecurity Insbument bN does not e�ecute the IJote: (a)is co-sl�ing this Security Instrument cr..y to mortgege,grant and convey , _
<br /> `� . . .��_�;,- that BorrowePa interest in the Pr.hvarry under the terms of this Secu►ity Instrumet� (b�is r•�t personalty obltgated to pay the ' ���'
<br /> `' sums secured thla Seeu Instrument and(e)a�pees that Lender and an other BaP:c-�rer e e to mctend mo '�:�a� '���
<br /> �: . :. �v � v � s� �►. .
<br /> ��•' torbear or make alry accommodaUons with regard to the tertns of thla Securfly instrument or the tVote��mit that 8orrower's . •
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<br /> consenL
<br /> 13. LOatl Cha►$99. II the loen secured by this Seeurfty Instrument is aubject co a �aw W`9�► seis maximum toan , •- �.
<br /> ' '`'. ,. . � charges, and that taw is firta.'�f a:iQrpreted so that the interest cc other loan ehargea coilec�er to be coltected in connection . •�.
<br /> . � witb the loan exceed the per.r.;cr�i Umits, then: (a)any such loan cherge shaU be reduced tsi the emount necessary to reduce . :
<br /> � � the cfiarge to the per�.itt��r.:ik end (b)eny sums already coUected irom Bortower whlcA exceedeA permitted Gmtts wi0 be � ''`,'' �
<br /> • � � . � refunded to BoROwec LenQer may choose to make thta refund by reducing the prineipal owed under the Nate or by making a .
<br /> �'• ' dUect payment to Bortower. B a relund reduces pr(ncipaf. the reducUon wili P,e treated as a parttal prepayment without eny •� '..
<br /> � � ( prepayment charga under the Note. ,�;,�i;4�:'.
<br /> �,` .' �. j 14. NOttCe9.My notice to Borrower provlded tor in thts Seanity tnswment shail be gfiren by deiive�ing it or by ma3ting it . ��;>����s�'
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<br /> ::... . by fUst dass mail uNess appllcabte faw re@�ires use of enather method. The noUce shaU be direated to the Property Address
<br /> �•1 ° ' • or eny other addresa Borrower designates by noflce to Lender. Any noUce to Lendv sha0 be given by filst c�ass mail to
<br /> 4=_� _. -- Len�fer's add►ess atatee heretn nr any other address Lender deslgnates hy nottce to Barrowv. My notice provtded tor in this
<br /> �.�..'. � Securiry(nsbument shaU be deemed to have baen gtven to Borrower or Lender when given as provided in thls palagraph. , . :'
<br /> ��.- 15. Goveming Law; Severabllitgt. This Security InstrumeM shaJ! be govemed by faderal taw end the law o1 the . _ �
<br /> ,'�;r � jurismcdon in which tAe PropeAy is located. tn the event that any provislon or clause ot this Securtty tnsUUment or the No2e �
<br /> �;;, confliets with applleabie law. sucb cor�tict shall not aNec! other prrnisions ot thls Security tnsUument or the Note whleh can be � ,.�
<br /> �}�: � �` given ettecl wilhout 1he con�Icting provision.To this enA the provisions o1 this Secudry tnsUument end the Note are derdared to � �
<br /> �� � � . be severaMe. ' � �
<br /> � � .. 16. BOrrowoi's Copy.Bonowe►sfiall be given one contormed copy of the Note artd o1 this Security Inswment. •
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