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<br />-r Bortow�r nuy curo such a d�hult �nd rehstete, as provided In penpraph tB, by cflushp the actlon or procseding to be —_
<br /> � •`` Olsmhud wRh e rulhp th�t, In Lender's pood fekh dstsrmin�tbn, prscludss foAeRure of the Borrower's interest in tha Property or ��
<br /> ' ', 'n��" othnr materill knp�frm�nt ol th� INn crwtad by thh 5scurRy In6frum�nt or L�nd�r'e securky interest. Borrower shall also be in �-
<br /> d�f11uN N BorcowM,durhp tho b�n applb�tbn proaaa, ywe matKklly Irlso or haccurele h�ormatlon or stetements to l.onder(or
<br /> `;� hibd to provfd� Und�r wRh �ny rrMtKl�l hformetbn) In conn�cUon wRh th� loan evWenced by the Note, hcludhp, but not —
<br /> IfmN�d to, npna�nt�tbne concernfny Borrowwe ocCUpency o! ths Property es w pnc�lpel resid�nce. II this SecurAy
<br /> ;� � Instrummt N on � I�a�hold, Bortoww shdl comply wNh all th� provlfbns ol the Isase. II Borrower ecqukes lee tHle to the
<br /> � Propsrty, th�bat�hold�nd th�fe� tkk sh�N not rt»rp� unNSS Lsnds� �prsss to ths merper h wrfthp.
<br /> 7, Proteclion of Lender'e Righta In the Property. II Borrower fails to porlorm the covenants and apreemanls �
<br /> Cont�h�d in lhls S�curNy Instrum�nt, or th�r� Is � Ipal proc»dhp th�t ni�y etpnNb�nty �Hect Lander's'riphts h tha Properly
<br />- � (such u a procMdlnp In benkruptCy,prob�t�, tor ConWmn�lbn or forhkure or to snforce lews or rspulatWna), then Lender mey
<br /> ;;:,��. do �nd pay for wh�tsva Is neceea�ry to protect lhe valu� 01 ths PropKty and Lendsr'a rfphts In the Property. Lender's actions
<br />', �.•= may Inciud� p�yfnp �ny sums seCUnd by a Ifsn whbh h�s prbrRy Ovsr this SeCUrriy Instrument, eppearfnp In court, peyhq
<br /> ' reaeonabls ettorneys' fees end enterinp on the Property to mAke repaire. ARhouph Lender may take ection under this perapreph
<br /> ,�,. � 7, Lender does not have to do so. _
<br /> a, My amounta disbursed by Lender under perapreph 7 shnll become eddRionwl debt of Borrower secured by this Security
<br /> Inatrument. Unbas Borrower and Landsr opres to other terms of payment, these emounts shall bear Interest hom the date of
<br />. • d�shursernent at ths Note rate ond Sh�N be payabfe,wRh Interest, upon not{ce horn Lender to Borrower requestinp pnyment,
<br />_. 8, Mort�aye Inaurence. If Lender requfred mortqape ineur�nce as a condRbn of makinp the loan secured by thls
<br /> SeCUrRy Inatrumw�t, 9ortowx ahell pny th�pramlums requMed to maht�ln the mortflspe ineurance in eHect.If, for any reason, Ihe
<br /> > ., mortpape hsurance coverspe requked by Lender lepses or ceases to be fn eNect, Bortower shall pay the premY�ms requlred to
<br /> - ' obtaM coverafle substBntially equHalent to the mortpage �nsurance previously h eNect, at a cost substenlially equHalent tu the
<br />-,��, cost to Borrower of tha mortflape insurance prevbusly fn eHect, from an qitemate mortpage insurer approved by Lender. If
<br /> substantially equNalent mortgape hsurance coverape is not availa�fe, Borrawer shflll pay to Londor oach month a sum equal to —
<br /> on�tweMth of the yearly mortfleqe Insurance premlum beinfl paid by Bortowex when the Insuranca covArepe lapsed or ceased to
<br /> ' bs h eMect. Lsnder wHl accept, use and rstafn these p�yments as a bss reserve in Ifeu of mortpepe hsurance. Loss reserve
<br /> payments m4y no lonper ba requked, at the optlon of Lender, ft mortqaqe Insurance coverape (In the amount and for the perbd
<br />� , ,:�� that Lsnder rsqukes) provided by an hsurer approved by Lsnder apah becomss aval4ble and Is obtalnbtl. Borrowx shall pty
<br /> - � ths premfums raquked to mafntein mortpape Insurance In ettect, or to provlde a loss reserve, until the requkement for mortgepe
<br />,'- �: , hsurancs ends In�ccordance wkh any written eyreement between Borrow9r end Lender or applbable law.
<br />� �. 9. Inipection. Le�ider or fts epent may make reasonable entrfes upan end inspectlons of lhe Property. Lender shall pNe
<br />_ -. ` d � Borrowsr not�e at the tkne of or prbr to en Inspectbn specHyfnp reasonable csusa for tha Inspectbn.
<br />- 10. Condemnatlon. The proceeds of any award or clakn for damapes, dkect or consequentlal,h conneotbn wkh eny
<br />�'. +�"r oondemnatbn or ather takln0 of any part of the Property, or for conveyance h Iieu of condemnetbn, are hxeby oaslpned �nd
<br />+�.� .. shQll be plid t0 Lender.
<br /> - In the event of e total tekhp of the Property, the proceeds shall be applled to the sums secured by thls Security
<br /> T.��s��� ° � Instrument,whether or not then due,wRh eny excess poid to Bortower. In the event ot a paniai taicinp oi inn PruNaiy n�wh:,h
<br /> � the fair morket wwe of the Property knmediately before the tekinp Is equal to or preRter than ths amount o}th• aums sscund
<br />��:,��„� �� by thb S�curky Instrument knmedlatey before the takinp, unlese Borrower end Lender otherwlse apree In wrRiny, tho suma
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<br /> . ; ,*�, ; secured by this Securky Inalrument shall be reduced by the amount of the proceeds mukiplkd by the folbwinp kactbn: (a)Ihe
<br />�: ,"�1��/t�t� totel amount ot the sums secured knmedletely before the tekinp, dNlded by (b) the}ak marfcet value of the Property Immedlately
<br />��� 'T_!"''`.. 6efore the takinp.Any balence shall be paW to Borrower.In the event of a pertlal takiny ot the Property In wh�h the fak market
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<br />�R, .;*;.0 <. value o} the Property knmediAtey belore the takinp Is less than the amount of the sums secured Immedlatey hefore the takhg,
<br /> °;�r.:��<:. unless �orrower and Lender otherwise ayree fn wrkk�p or unfess appllceble law othenvlse provides, the proceeds shell be
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<br /> .:„��:ya« applled to the sums seCUred by thls Security Instrument whether or not the sums are then due.
<br />��;'�:�'�-- II ths Property is abendoned by Borrower, or M, aRer notbe by Lender to BoROwer that the condemnor olfers to make en
<br />�.ri'��`:`�. 1lWard ar 6ettle a claM for dsmapss, Borrower feils to respond to lsnder wRhln 30 days ake► the dete the notice Is pNen,
<br /> ,s�,ya Lsnder Is ruthorizsd to collect end epply the proceeds, at ks option, ekher to restoratbn or repnk of the Property or to the
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<br />___��.,.� sums securod by this SecurRy Instrument,whether or not then due.
<br /> =-=��:.;-,:,_ Unleas Lendsr end Bortowsr otherwise syres In wrkiny, any epplicatbn of proceeds to princlpd shell not extend or
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<br />�,�,,:-•��.�»: postpone tha duo data o}the monthy payments rebrted to in parayraphs 1 �nd 2 or chanpa tha amount ot such payments.
<br /> _:w;},,;<<;,,�� 11. Borrower Not Released; Forbe�srence By Lender Not e Welver. Extenslon o}the tkne for paymenl or
<br />���*:�3' modMbatbn of amortiiatlon of the sums secured by this SecurRy Instrument pranted by Lender to ony successor In i��terest of
<br />"_-°`��+�� Borrower ahall not operate to release the Iiebilky of the ori�fnel Borrower or Borrower's succesaors h interest Lender shall not
<br />-�=�� ��`•�._. be requked to commence proceedinps epahst eny successor in Interest or re}use to extend thx+ for payment or otherwise
<br />— � madily amortlzeNon af the sums secured by thls SecurRy Instrument by reason ot any demnnd made by the orlpinal dorrower or
<br /> �";`��" Borcow�r'e auCCassors In hterest. Any forbearance by Lender in exercishp any rfght or remedy sha�l not be a waiver ol or _
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<br />;:;,�,,:��� , preclude the exercise ol eny rpht or remedy.
<br />-�_,-��,,., . 12. 5uccessors end Asalnna Bowid; JoMt end Severel Llebllity; Co-slqners. 'rne covenente end
<br />_ 't��'� aqreemenla ot this Security Instrument shall bind end bene}it the suCCessors and esslpns of Lender end Borrower, subJect to the
<br />-"�`a��••�'� provislons ol parepreph 17. Borrower's covenents and apreements shnll be�ofnt and several. Any Bortower who co-siqns Ihls
<br /> ' •r.�:;,.,; . Securky Instrument but does not execute the Note: (a)Is co•slpnfng thic Securky Instrument only to mortqepe,prant end convey
<br />�%+�' .; that Borcowers hterest in the Property under the terms of this 5ecurRy Instrument; (b) Is not personalty obllqated to pay Ihe
<br /> � � � • sums secured by this SecurRy Instrumenh, and (c) agrees that Lender end any other Bortower may egree to extend, modMy,
<br />: . ; tor6ear or make any eccommodatlons wKh regard to the tertns of this Security Instrument or the Note wRhout thet Borrower's
<br /> consent.
<br />, � t ' 13. Loen Cherges. If the loan socurod by this Security Instrument Is subJect to a lew whfch sets maximum loan
<br /> charges, and that law is finally interpreted so that the fnterest or other loan charges colleCted or to be collected in connection
<br /> t with the loan exceed lhe permitted limfts, then: (a)any such loan charge shell be reduced by the amount nocessary to reduce �
<br /> _ ' � the charpe to the permkted IknR; and (b) any sums akeady colfected }rom Borrower wh{ch exceeded permitted Iimlts wlu be �
<br /> retunde� to Borrower.Lender may choose to make this refund by reduciny the principnl owed under the Nota or by makinp a _
<br /> ; dkect payment lo Borcower. If o refund reduces prfnclpal, the reductlon wlll be treated es a partlal prepeyment wkhout any
<br />. prepayment cherpe under the Note.
<br /> 14. Notices. Any notiCe to Borrower provided for In this Security Inslrument shflll be flwen by delNerhp it or by mafl'np k
<br /> by firet class meil unlnss eppl�able law requkes use of another method. The nat�e shell be dkeCted to the F'roperty Address
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<br /> or any OthB� address BorrowOr tl951Q�flt8S by f10tIC9 t0 Len09�. Any notice [o �onder snmi �n yrven ..� �.o. ..�..�� %�..• ...
<br /> Lenders address ststed hereln or flny other eddress Lender desfpnates by notice to Borrower. Any not�e provlded tor In thls _
<br /> = Securfty InsWment shall be deemed to have been gtven to Borrower or Lender when pNen as provided In thls pa�aqraph. -
<br /> ° 15. Governtng Law; Severeblllty. Thls Security Instrument Shall be aovemed by teddrel law and the lew ol the _
<br /> jurlsdfctlon h which the f�roperty Is loceted. In the event that any provlslon or clause ot thls Security Instrument or the Note
<br /> con(IICts wNh appllCable lew, such contlfct shall not aHect other prOVlslons ol thls Securlty Instrument or the Note whk;h cen be
<br /> gNen eftoct wfthout tho con}Ibtkig provlslon. To thls end tho provlslons of thl, SeCUrlty Instrument end tho Noto are declered ta
<br /> be severeble. ,
<br /> � � 16. Borrow�er'a Copy. Bo�rower shall be ghren one conlormed copy of tha Note and ol thfs Security Instrument.
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