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<br /> • 7, protectbn of Lraefet'� Riahte ia t6e Pro�atr• If Bonower fails to perform the wvenants and agreements _
<br /> contained in this Secucity Inetrument, or there ie a leg�l proceeding that may eignificantly affect I..�nder's ri�hts in the
<br /> Property (cuch aa a proceedlnB in banknrptcy, probate, far condemnation or forfeiture or to enforce lawe or
<br /> regul�tiaYU), then Lmdet mAy do and pay for whatever is necessary to protec� the value oY the Property snd Ixnder's
<br /> righte In �he Property. Lender's nctiona may include paying any sums secured by a lien which has priority ov�r this
<br /> Secudty Instrument, appearing in court,paying reasonable attomeys' fees and entering on the Yroperty to make repairo.
<br /> Although Lender m�.y take action unAer thle paragraph 7,Lender docs not have to do so.
<br /> Any uiaunta diebursod by Lender under this paragraph 7 shall become addidonal debt of Bonower secured by tliie
<br /> Sa:urity ]nstrument, Unless Borrawer and L.ender agrec to other term9 of payrnznt, thdse amounts shall bear interest
<br /> from the date of disbursernent at the Note rate and shall be payablc, with interest, upon notice from Lender to
<br /> Bonower requesting payment.
<br /> 8, Moet�Insurmoe. If I.ender required mortgage insurance as a condition of malcing the loan secured by thie
<br /> Secudry lastzument, Bonower shall pay the premiums requirett to maintain the mortgage insurana in effect. If,for
<br /> any re�son, -the mortgage insurance coverage requlred by Lendcr lapses or ceases to be in effect. Borrower eha11 pay
<br /> the premiwns r�quired to obtaln coverage substantially equivalent to the mortgege insurance prevlously in effect, at
<br /> a cost substnntially equivalent to the cost to Barrower of the mortgage insurance previously in effect,from an altemate
<br /> mortgage Insurer approved by Lender. lf substantielly equivalent mortgege insurance coverage is not availsble,
<br /> Bonbwer shall pay to I.ender each month a sum equal to one-twelfth of the yearly mortgage insurancc pr�mium being
<br /> paid by Bonrawer when the insurance coverage lapsed or ceased to be in effxt. I.ender will accept. use and ntain
<br />- these paymcnts as a loss reserve in lieu of mortgagc insurance. Lose rescrve payments may no longer be requirod, at
<br /> the aptioa of Lend�r, if mortgage insurance coverage(in the amount and for the period that Lender requires) provided
<br />- by an insure=approved by Lender agaln ixcomes available and is obtainod. Borrower shdl pay the premiums requiral
<br /> to mainuia mortgage iasurance in effect,or to provide a loss reserve, unttl the requirement for mortgage insurance
<br /> ends in axo;dance with anY�'vritten agreement betwcen Sonower and Lender or applicable law.
<br />= g, loepection. Lender or its agent may malce reasonable entries upon and inspections of the Property. I,ender
<br /> shall give Borrower notice at the time of or prior to an inspection specifying rea.gonable cause for the inapection.
<br /> 10. Coodemo�tion• 'I1�e proceeds of eny award or claim for demages, direct or consequentlal, in connxtion with
<br /> - any wndnrmatton or other taking of any part of the Property, or far conveyance in lieu of condemnation, arc hereby
<br /> - assigaed uid shall be paid to Lender.
<br /> - (n tbe event of a total taking of the Property, the procoeds shall be applied to the sums secured by thls Security
<br /> insttumeo�, WACIIICC u�uvi u'�t��dac,•::iit:�t;e'crs°Faid t^�^nnwer. In the evsnt of a partial talcing of the Froperty
<br /> in which the fair market valuc of the Property immediately before the taking is equal to or greater than the amount
<br /> of the sums sxured by this Security Instniment immediately before the taking,unless Borrower smd Lender otherwise
<br /> agroe ia writing,the sums secured by this Security Instrument shall be reduced by the amount of the proceeda
<br /> multipl�td by the following fraction: (a) the total amount of the sums secured immediately before the taking, dlvlded
<br /> by(b) the fdr tnarket value oF the Property immediately t►efore the taking. Any balance ehall be paid to Borrower.
<br /> In t6� evttat of a partial taking of the Property in which the fair market value of the Pro(�erty immed9ately beface 1he
<br /> taking i�lesa than the amounc of the sums secured immecliately before the taking, unless Borcower And I.ender
<br /> othervvise agcce ia writing or unless applicablc law otherwise provldes, the proceeds shall be spplied to the sums
<br /> secured by thls Socurity Instniment whether or not the sums are then due.
<br /> If the Propeccy is abandoned by Bonower, or if,after notice by Lender to Borrower that the condemnor offers to
<br /> make an awerd to settle a claim f'or damages, Bonrower fails t� respond to Lender wlthin 30 days after thc date the
<br /> notice isgiven.Lender is authorized to collect and apply the procads, at its option, eilher to :�storation or repair of
<br /> the proparty or to the sunu secured by this Security Instn�ment, whether or not then due.
<br /> - Unlas l.ender And Sorcower otherwise agree in writing,tusy application of proceeds to principal shall not extend
<br /> or postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change�he amount of such
<br /> paymenia.
<br /> 11.B�or�r►wcr Not Rdeasal: Po�barmoe BY � � � w�va. Extension of the time for payment or
<br /> moditicufon of amortizatioa of the sums secured by this Security Insnument granted by Lender to any successor in
<br /> - interest of Borrower shall not operate to release the liabitity of che original B�aower or Borrower's succe.csors in
<br /> interest. Lender shall not be required to commence proccedings against any successor in interest or refuse to extead
<br />-- p�RASK'►-Single Family.PI�YMPi�J�lC lJN�01tM INS[RUf�N� �m��
<br />-- �x m�.i�.��«¢�� Page 4 of 8
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