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<br /> � . �ortowor may cure auah a defeuN end relnntete, es provided In paragraph 1B, by causing the action or proceedh�g ta bn ,_:_
<br /> • dlemissed w(th e ruling thnt,In Lender'a flaod felth delerntlnntlon, precludes foAelture of the Borrower's Interest in the Property or =_
<br /> • other meterlal Impalrtnent ol the Ilen createrl by this Secmily Instrument or Lender's security Intereat. Borrower shell also be In •
<br /> � dofault if Bonower, during ihe loan applicatlon procesa, g+re materislty false or inaccurete Intormetlon or statements to Lender(or . -
<br /> � falled to provide Lendar with any material fntormatlon) In connectlon with the loan evldenced by the Roto. Including, but not�
<br /> ' � Ilmited to, repreaentetlona concerning 8orrower's ocwpancy ot the Proporty es a principal resldence. It this Securiry
<br /> I Instrument Is on a leasehold, Bortower shell compty with nit ihe provislona oi the leaee. If Borrower acqulres fee titlo to the!
<br /> 1 Property,the Ieasehoid and the fee tltle shall not merge unless Lender agrees to the merger In writing.
<br /> i 7. Protectlon oi Lender'a Righte In the Property.II Borrower falls to perlorm the covenants end agreements�
<br /> � conteined fn thia Security Inatrument, or there Is a legal proceeding that may slgnNicantly aftect Lender's rights In the Proporty�
<br /> (such as a proceeding In bankrupicy, prabate,for condemnetlon or forfeiture or to enforce laws or regulatlons). then i.ender may =+!�5,_
<br /> da and puy for whatever Is necessAry to protect the:alue o1 ihe Proporty and Lender's rlghts In the Property. Lender's actlons� ��'_
<br /> may Include paying any sums secured by a Ilen whlah has prlority �ver thls Security Instrument, appasring In court. payin� ,.:__�_,
<br /> �'"'�"� , reasoneble attomeys' teos and enle�ing on the Praperly to make repeirs. Although Lender may take actlon under thls paragrupF�A -_-.
<br /> . �s• N� �tir_`_
<br /> 7, Lender does not have to do so. �iE!_n;-
<br /> Any amounts dlahursed by Lender under paragreph 7 shail become additlonal debt of Borrower secured by thls Securlty �_�
<br /> Instrument. Unless Borrower and Lender agree to other terms of paymont, these amounts shell bear Intereat from the date of �;,;_
<br /> � dlsbursertient et the Note reto and shall be payebte,with hterest, upon notice from Lender to Borrower reque�ting payment. �=��
<br /> 8. Mo►tg�ge IttSU�Anee. If Lender requlred moRgage Insurance as a condition ot making the lonn secured by this i
<br /> � Security Inatrument, Borrower shall pay the premlurna roqulred to malntain the mortgage Insurance In eHect. Ii,for any reason,the _
<br /> mortgage Inaurance coverege requlred 6y Lender lapses a ceases to be In eifect, Bortower shall pay the premiums requlred to a�,
<br /> • obtaln coveraga substantla4y equivalent to the moAgage Insurence previously In eNect, at a cost substantlally equivalent to the �:..
<br /> cost to Bonower ot the mortgege Insurance prevlously In etlect, from an alternate mortgage Insurer approved by Lender. N �..
<br /> substentially equlvalent moRgage Insurance coverage Is not avallable, 8orrower shall pay to Lender each month a sum equal to
<br /> ;,.•� � one-twelfth ot the yearly mortgage ineurence premium being pald by Bonower wlien the Insurence coverage lapsed or coased to ,
<br /> � be In eftect. Lender will accept,use and retaln these peyments es a loss reserve In Ileu of mortgage insurance. Loss reserve
<br /> �P u b Lendemeequr s)npeovded byran Insu ee �appro erd4by Lender�aga n9becomesc vaiabie andl�istobta nednl Borr wer chall pay
<br /> ,t
<br /> tho premlums requlred to malntaln moitgage Ineurance in eHect, or to provlde e loss reaerve,untll the requlrement or mortgage
<br /> �� Insurance ends In accordanca wfth any written agreement between Borrower and Lender or applicable law.
<br /> .: 9. (n8P8Ct1011. Lender or Its agent may make reasoneble enirles upon and Inspectlons of the Property. Lender shall give
<br /> Borrower notice at ihe time oi or prior to an Inspeclbn specifying reasonable cause for the Inspection.
<br /> ��r - 10. Condemnatlon. The proceeds of any award or claim for damages, direct or consequentlal, In connection wlth any
<br /> condemnatlon or other taking ol any part oi the Properry, or far conveyance In ueu of condemnatlon, are hereby assigned and
<br /> shail be pald to Lender.
<br /> In the event of a total taking ot the Propeny, the proceeds shall be applled to the sums secured by thls Security
<br /> Instrument, whether or not then due,with any exeeas pald to Bortower. In the event ol a partlai taking of tho Properly In whiah
<br /> the felr market value oi the Property Immedlatery belore Ihe teking Is equai to or greater than the amount oi the sums secured
<br /> ______ ,_ ___ by this 3ecudN Inatrument Immediately before the taking, uNsss Borrower and Lender otherwlae agree In wdting, the eums
<br /> " securod by thla Secudty Instrument shall be reduced by Ihe emount of the proceeds muitipiieu by ihe ioiiowing i�nutiui�. (a)ihe
<br /> total amount of the suma secured immedlately before the taking, dlvlded by(b) the falr market value of the Property Immedlately
<br /> before the taking.Any balence shall be pald to Bartower.In the event of a partlal taking ot the Property In whlch the}afr market
<br /> value of the Property immedintely bafore the taking Is less than the amount of the sums secured Immedlately before the taVJng,
<br /> uniess Borrower and Lender otherwlso agrce In wdting or unless appllcnble Inw otherwise provldes. tho proceeds shell be
<br /> b applied to the sums secured hy ihls Security Instrument whether or not the aums are then due.
<br /> It the PropMy is abandoned by Bonower,or il,afler notice by Lender to Borcower that the condemnor otters to make en
<br /> award or serile s cialm lor damagos, Bortower faNs to respond to Lender within 30 days after the date the notice Is given,
<br /> Lender Is authorized to collect end apply the proceeds,at its optlon, either to restoratlon or repalr ot the Property or to the
<br /> sums secured by thls Security Instrument, whelher a not then due.
<br /> Unless Lender and Bonower othervvise agree In writing, eny appllcation of proceeda to princlpal shall not extend or
<br /> postpone the due date of lhe monthly payments �eterred lo In paragraphs 1 and 2 or change the amount of such payments.
<br />- 11. Borrower Not Rela�sed; Forbaar�nco By Lender Not a Waiver. Extenalon of the tlme for payment or
<br /> modiflcatlon of emortizatlon of the sums secured by this Securiry Instrument granted by Lender to any succesaor In Interest ot
<br /> Borrower shell not operete to release the Ilabi�ty ot the original Bortower or Bortower's successors in Intereat. Lender shall not
<br /> ' be requlred to commence proceedings agalnst any successor In Interest or reluse to extend time for payment or otherwise
<br /> , modliy amortlzatlon of the 3ums secured by thls 3ecurity Insirument by reason of any demand made by thR orlglnal Borcower or
<br /> BoROwers successors In Interest. Any torbearance by Lender In exerclsing any right or remedy shell not be e welver of or
<br />- preclude the exerclse of eny �Ight or remedy.
<br /> . � 12. Succesaors and Assl�ns Bound; Joint and Several Llabillty; Co-signera. rne covenants and
<br /> _ � agreements ot thls Secudty Instrument shsll bind end beneflt ihe successors and es�lgns of Lander and Bortower, subJect to the
<br /> provislons of paragreph 17. Borrower's covenents and egreements sfiall be Jolnt and severel. Any Bortawer who co•signs thls
<br />- , 3ecurity Instrument but does not execute the Note: (a)Is co•signing this 3ecurity Inatrument only to mortgage, grant and convey
<br />� + that Borcower's Interest In the PropeAy under the terms vt this Security Instrument; (b) Is not personally obllgated to pay the
<br /> � � sums secured by thls Security Instrument; and(c) agrees that Lender and any other Borcower may agree to extend, modity, _
<br /> s forbear or meke any accommodetians with regard to the terms ot this Security Instrument or the Note without that Borrower's ----.
<br /> ' ' consent. �.-.__
<br /> 13. Lnan Chargee. If the loan secured by ihis SQCUdty Instrument Is subJect to a lew whlch sets meximum loan e.• ,
<br /> charges, and thet law Is Ilnalty Interpreted so that the interest or other loan cherges Coliected or to be collected In conneCtlon �' `_�
<br /> - � with the loan exceed the permiqed Ilmfts, then: (a)any such loan charge shall be reduced by the emount necessary to reduce ,_
<br /> _ the charge to lhe permKted limit; end (b) any sums elready collected trom Borrower which exceeded permitted Ilmits wfll be
<br /> j refunded to Borrower. Lender may choose to make thls refund by reducing the principal owed under the Note or by making a
<br /> �J direct payment to Borrower. II e retund reduces principal, the reduction will be treated es a partlal prepayment without any
<br /> I prepayment charge under the Note.
<br />_ � 14. NOtiCeB.A�y notice to Borrower provlded tor in this Security Instrument shell be glven by delivering it or by meiling It
<br /> by first class mall uniess eppllcable law requires use ol another method. The notice shall be dirocted to the Property Address
<br /> � or any other address Borrower designates by notice lo Lender. Any notice to Lender shall be given by first class mafl to �
<br /> _ , Lender's eddress steted herein or any other address lender deslgnates by notice to Borrower. Any notico provlded tor In this
<br /> co���.a�Inatn�mant ehall he deemod to have been aiven to Borrower or l.ender when given as provided In thls paragraph.
<br /> � 15. Governing Law; Severability. This Securfty Instrument shall bo govemed by (ederal law and the law of th? -'-�'�
<br /> jurtsdictlon In which the Properry is located. In the event thet any provislon or clause of ihls Security Instrument or the Note
<br /> contlicts with eppllceble law, such confllct shall nat affett other provislons o1 this Security Instrument or tho Note whfch can be
<br /> givon effect without the coniilcting provision. To this end the provislons of thls Securiry Instrument end the Note ere declared to
<br /> be severable.
<br /> 16. Borr4wer's Copy. Borrower shnll bo given one conlormed copy ol the Note end oi this Security Instrument.
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