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<br /> 7. Fcotection of Lmdds RigWs in the Pmp�ty. If Borrower fa�s to perform the coveaants and ag�ts �}r- ,
<br /> � ; v .`�`� `� wntained in this SeauitS+ 1ns�ume�� or thece is a legal pmoaeding that may significantly affect L,ender's rights in the ,.;x� �"' .
<br /> � `� robate. for oondamnat�n or forfeit�tte or w enforce laws or
<br /> ,��f `�<;.� property (such a4 a p�n8 in bankzuptcy. p � ; ''t,
<br /> _}:�, .�' �' . zegulations), thai Lender maY do aad PaY for whatcver is necessarY w Frote�t the value of the Property and Lender's Y:' � `.`. _
<br /> �-��.."4- - riglus in the Piaperty. I.ender's actions may indade PaYing ffi►Y snms s� by a li��vhich 6as priority over this t�.- -
<br /> i`` .� ° "• Security Ins4nim�t. aPPearing in cowt,FaYing reas°nable attoraeYs'fees and entering on the Propecty to make repaus• ; ` �.
<br /> � . � r`` Y`�[ Although L.etcder may tatce action uader this parap,raph 7,Leader does not have w do so. "¢. � , _
<br /> �;�_� � Any amounts disbursed by l.eader und�this paragraph ?shail ba�me addiaona! debt of Born,wer secuced by t6is � .:�z
<br /> r�,- ^;�,`` gecurity Inspumeut. Unless Bortower and Leader agee to other terms of payment. t h e.ke amo w u s s h a U bear 'tnterest � .• � .
<br /> t � � &om the date of disbucsanent at the Notc zate and sha12 6e payable, with intecest, upoa notice from L.ender w � �:
<br /> _- ��_<<�_• . - Bomnwet FSY��- the loan seca�ned by this Q �;-` _ �.:.��-'-
<br /> � ` "� S. B�aatg��s� If Leader iequired mortSaBe insvrance as a wndtion of making �
<br /> � �: � �� ��� the m�rtgage insuiance in effecx. If,for � r �
<br /> � ,��� .. �'�� �' BO��,�by Leader lapses or ceases y _ :�� ;�: '`
<br /> � to be ia effect,Borrower shall pa � � �
<br /> � ' ; a�r r�a s o n. t h e m o rt g a g e ent w the mortgage insnzance Pre�'i o a s lY i a e f f e c t,a t � � `;i
<br /> -�` _4.,�" �p�i u m s required w obtain coveraSe substantiallY equival i e v i o u s l y i n e f f e c t,fr o m a n altemate �,``� `�, .,.
<br /> �'�� �'�� a cost substantiallY eqnivalem to the oost to Borrower of the mortgage ins�uance P � ,
<br /> x �: . ms�uance covezage is not available. � ` `h
<br /> mortgage insurcr approved by I.ender. If substaatiaUY eq�ivalent moitgaSe ��ce ��being y' ' °,`� �.;
<br /> ��: ... ::��, to one-twelflh of the Y�Y�T�� - -
<br /> �,>. �? Eorrower shall pay w i.ender each month a sam equal I.ender will t, use aad� ; -`,��f;�
<br /> c. ` b Borrower when the iusutance coverage lapsed or ceased to be in effect. � : .
<br /> � y iusu an •,, .:
<br /> j' � ° these payments as a Ioss reserve in lien of mortgage insuranoe. l.oss reserve paymeata may no tonger be required, at . ,
<br /> � the option of Lender,if mortgaga insurance coverage Cm the amount and for the peciod that Leuder seqnires) Pmvtded -fs LF -
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<br />-'�'��..'� . ,?-4 by aa insarer approved by I.ender again becomes avaitable and is o8tained. Barmwer shaU pay the premiums reqni�d • , ;`��,
<br /> �.{:� • ` " '_ w maintain mottgage insuianse in effect.or w piavide a loss reserve,unt� the requirement for tnortgage insurance � ';:.'
<br /> � � � � ' ends in aa;ordance with auy wriuen agreemeat betweea Bormwer and I,eader or applicable law. � ;{ �
<br /> 9. iaspe�On. 1.ender or its agent maY make reasonable enuies apon and inspe�xiaas of the Property. Lender ,�
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<br /> -:�F"*. ' n ec� reasonabls canse for the inspection. s..•.� -
<br /> f '� ., z shall gi,ve BaFrower notice at the time of or prior to an inspecx�o SP �or wnsequentia�, in connection wiW -- --:.�_.:
<br /> �' � . ; r 10. Caad�ratian. '17ie psoce�ds of any award or ctalm for damages, �
<br /> �r� . ��^ _ ` �� �nY oonde�auan or other taking of any part of the Property. ar for conveyance in lieu of condemnation, are hereby _
<br /> �`�_:..`� _ -. 3.•� assigued and s h a U be pai d t o L e n d e r. r'�-"
<br /> ' ,_(�� the pmceeds shall be applied w the sams secured by this Security ��� ti '�� -
<br /> ' �. °':�: Ia the event of a total taking of the Property, .� �t�-
<br /> "t -�� . Insprament, whethei or not then due,wnh anY excess paid to Borrower. In the event of a pa�rp�al taking of the Property S: ,.. ,•s,�.�:
<br />- �,�� •
<br /> than the amoont •",,';:
<br /> ''''.� . � �' in wbich the fair market value of the Propetty inmudiatelY before the takutg is equal to or greater �'::;,::,:
<br /> *r`: '� t immedIatel before the taking,�mless Borrower and Lender otherwise
<br /> of the s�ms secured by this Serutity Instnttnen Y `��' �
<br /> �4 �� ,. , {,= agree ia arrlting. the soms secured by this Secvrity Insuument shall be reduced bY the amonnt of the pracc�eds ,.
<br /> <� , t multiplied by the following fracaon: (a) the total amount of[he sums secuied irnuudiately before the taking,divided -
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<br /> .- �.. • , .•' bY(b) the fair muket valae of the PropertY iramediately before the taking. Auy balmnce shall b�e�pal"sd ly beforewthe �'�',:"
<br /> .f��"`::;,,�;." � .��. �. ..t In the event of a partial taldng of the Property in which the fair matket vahte of the Property ' �. t.:;:,.
<br /> 4.�`; . � talcing is less thaa the amouat of the swns secured immediately before the taking. nnless Borrawer and Lender ,;�;Y
<br /> � ; ; o s h e z w i s e a g r e e i n arldn g or ualess aFpllcable law otherwise provides. the proceeds shall be applied w the sums =
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<br /> ?:: .. ' secvred by this Security Instr�meat whether or noi the sums are thea due. .
<br /> If the pi,�perty is abandoned by Borrower, or if.after norice by Ixnder to Bosrower that the condee�or offers to
<br /> 3 '� ' � _ � . Borrower fails to nspoad to Leader within 30 days after the datc the `
<br /> �rt,.°- .' . '... malce an award to seale a claim for dunages, :
<br /> - notice is en,Lender is authorized to collect and apply the p:aceeds, at ita option,either to restoration or repair af ,�:.;'
<br /> �• - . ., `,� the pmpe�rty or to the swns sec�ued by Uus Security Insic�ni, whether or not thea due. '
<br /> ��•.:•� :o. '., '. : Uniess Lender and Bosrower othera+ise agcee in writing.anY aPPlicat�on of proceeds to principal shall not extend ". -
<br />: .z;.r:_ . .. .. . y P hs 1 and 2 ar chan e the amnunt of such : �_
<br /> .���.. • or postpone the due date of the mondil payments referred to in aragrap 8 '�`�` �
<br /> ��: °�. . , � ..�� pa���' 1,�der Nat a Wahrer. Extenston of the time for payment or ,. �
<br /> _�^y�t . 11. Bosaw� Not Released: Fa�b�an� B9 ..:. _ .
<br /> Fr?;�` . . •. ,-. modification of asnortuation of the sums szaued by this Security lnstnuneat gcanted by Ixnder to suy successor in
<br /> w�,.s
<br /> ��'°-�° interest of Borrower shall not operace to release the liability of the original Borrower or Borrower's successois in ••�f � ,
<br /> ,�.:.'.5:� ' .. � . , .
<br /> � ' . . � . interest. L.ender shall aot be required to commeace proceedinf,s against asiy successor in interest or refuse to e�ttend
<br /> 'i'-?`; _" ' � � N�RA Singte Family-PDID9AA�H111�C 1JNIFiORM QISPRUII�'iT I+atm 3028 9140 .•`. �--
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<br /> � : � ' ;, ' poctumu Syftems.Irt I8001 bS41J62 Page 4 af S .
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