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<br /> . 98- �12��32
<br /> �, p�{ou pf I,endet•t Rig6u in tbe PropertY• !f Horrower fails to Perform thr. covenants and agrectnents
<br /> contalned in thle Saurity Instniment, or there is a legal prceeeding that may signlficantly affece Lei�der's righ�s in the
<br /> Property (euch as a pr4cceding in bank[uptcy, probat�, foc condemnatlon or forfeiture or to enforce iaws ar
<br /> regulatlona), Ihen L,�nder may do and pay for what.ever is nectssary to protect the value of the Property and Lender's
<br /> right� in lhe Property. Lender's ections may include paying any sum9 se.�cured by u Ilen which has priority over this
<br /> Security lnstcument, appearing in court. payinB reasonAble sttumeys' fees and�ntering on the Properly to make repai�s,
<br /> Although l.tnder may take action under this paragraph 7,Lcndcr claes not h�+vc to do so. _
<br /> A.ny amoun�s disbursed by l.ender under this paragraph 7 shall beconx additlonal debt of Borrower secured by chis
<br /> 5ecurity lnstrument. Unless Borrower and Lender agree to ather terms of payment� thesc amounts shall bear interest
<br /> from the date of dlsbursement at �he Note rate �u1d shall be payable, with interest, upon notice f'rom l.ender to
<br /> Bonower requosting payment.
<br /> 8. Mori�ge Insur+nce• lf Irender required mortgage insurance as a condidon of making the loan secured by t s
<br /> �urity �ns«ument, Borrower stiall pay the pcemiums requlred to maintain the mortgage insurance in effcct. If,for
<br /> any reason, the rnortSaBe insurance coverage requlred by l.ender lapses or ceases to be in effect, Borrower shall pay
<br /> the premiums reyuired to obtain coverage substantially equivalent to the tnortBage insurance previously in effect.pt
<br /> a cost substantially equlvalent to the cost to Borrower of the mortgage insura�ice previously in effet[,from an eltemate
<br /> mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not available,
<br /> Borrower shall pay[o Lcnder each month a sum equnl to ona-twelfth of the yearly more8age insurance premium being
<br />. paid by Borrower when the insurance coverage lapsed or ceased to be ln effxt. I.ender will accept, use and ret�in
<br /> these payments as a loss reserve in Ileu of mortgage insurance. Loss rescrvc psyments may ao longer be required, at
<br /> the optiun of Lender, if mortgage insurance coverage(in the amount and for the period that Lender requires) provided
<br /> by an insurer spproved by Lender again becomes available and is obtained. Bon'owcr shell pay the premiums required
<br /> to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for mortgage Insurance
<br /> ends in eccocdance w�th enY Wr►tten agrament betwcen Borrower and Lender or applicable IAw. �nder
<br /> q, �i,on. Lender or its agent may makc reasonable entries upon and inspectioas of the Propeny.
<br /> shell give Borrower notice at the time of or prior to an inspecdon specifyinA ceasanable C����'n���1on� with
<br /> 10. Coode�no�tion• The Procads of any award or claim for demages� dlrect or conseq
<br /> any condemnation or other taking of any part of the Proper[y, or for conveyana in lieu of condemnatian, are hereby
<br /> assigned and shall be paid to I.ender.
<br /> In the event of a total taking of the Property, th� proceecis shall be applied to the sums secured by this 5ecurity
<br /> Instniment, whether or not then due, wich anY excess pxiu w:�rra�e:• I��f:�""''nc of a partial taking of the Property
<br /> in which thc fair market value of�he Property immedlately before the taking is equal to or greater than the amount
<br /> of the sums sxured by this Securiry Instrucnent [mmedistely before the teking, unless Borrower and L,endcr otherwise
<br /> agra in writing, the sums secured by this Security Instrument shall be reduced by the amount of the praceeds
<br /> multiplied by the following fraction: (a) the total amount of the sums secureci lmmed'i�accl�Y shall�rbe pAidatonAorrower�.
<br /> by(b) the fair markct value of the Property inuckdiately before the taking. Any
<br /> In the event of a parttal taking of the Property in which the fair market value of the Property [mm�diately before the
<br /> taking is less than the a�►ount of the sumc secureQ immedlacely before�e pr��s shall be applied to tl��sums
<br /> otherwlsc agree in writing or unless applicable law otherwise prnvides,
<br /> ° secured by this Socurity instrument whethcr or not the sums are then due.
<br /> If the Propecty is abandoned by Borrower, or if,after notice by Lender to Bor�ower that the condemnor offers to
<br /> m�lce An awud to settle a etaim for damages. Borrower faiis to r�spond to L.endec withln 30 d�ys after the date the
<br /> notice is given,Lander Is authoriud to collect and apply the procceds, at its option, either to restoration or rcpair of
<br /> the Property or to the sums secured by this Security Instrument, Whl cai on rof troceeds to principal shall not extend
<br /> Unless L,ender and Borcower otherwise agree in writing,Any app' P
<br /> or postpone thc dus date of the monthly payments rcferred to in pazagraphs 1 and 2 or change the amount uf such
<br /> _ payments.
<br /> 11. Horrowa Na Rela�od: F°rbar�� �S' l�der Na a Wuva. Extension of the tirr�e or paymen or
<br /> modificatlon of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of f3orcower shall not operate to release the liability of the original Borrower or Borrower's successors in
<br /> interest. I.ender shall not be required to commence prceeedings against any successor in interest or refuse to extend
<br /> Pot�302!9190
<br /> D18B1tA51CA�51nale Family.F[iMl1/t'EDItC UN�� ��U��
<br /> oocwnrn synrnr,trc.t�oo)u4�sei
<br /> Page 4 of 8
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