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<br /> - � ,w;;�:'".' . 7«P�ot�ction of L.�nd�►'s Ri�hb tn tt�Prop�rty. If 8ortnwK i�Ye to pertomn the coven�nie�nd�pre�mente sanqinad In
<br /> ': •; ' .,,; tt�ta Sauuliy Instrument,or there Is a lepal praceedlnp lhat me��eipntRozntry aReet LendePa dghta In tho Propedy (ouch aa c proeeedinp In -
<br /> •, bankruptcy,probeto,tor condemnadan ar faAeifure or to enfarce�awo or reputaUone),then LandEr may do end pay tor whetover is necoaa�ary
<br /> to proteot the value of the Propaty and Lender'a�tghts In the Praperty, Lender'e aations may Inciuda paying iny euma secured by a Ilen
<br /> �• %� � �^� �; � whloh h.as pdortty over this Seaudly Inakument,�ppe�dnp in coun,paytnp�eieon�ble�ttomey'e feea end entedng on ths Propaty to rMko
<br /> , „ y repeiro. Afthoupb Lendar rn�y ttke aatlon und�r this pRrapraph 7, Unde►doea not have to do eo.
<br /> � ,���,�.�,�°,,,,,,�;; Any amouni�dhburoed 6y Lender unde�thls pu�prapb 7 ahal b�come addiGontl debt of 8orrower aewred by thla 8ncurity InaWment.
<br /> ^ .,} '4�fi'%f�f�r.'.•�?� UnNaa Bortowet end Lenda�pre�to olher tarms of payment,thea� amounte eh�q bau Intxeat trom the d�te of daburaement�t th� Note
<br /> _ rata and ahui be payable,with intaes�upan noUca irom Lender ta 8onower requoating payment. �
<br /> '±: �,� ,.��,i.�� 8.M�rtpap� In�urane�. If lenda nqutrod mortq�ye fnwnnae�e a aondlUon of mdcing ths Iwn eeaur�d by this 8acudty —
<br /> . I�acument,9orrower eh�tl pay the ptemh�na�equlrad to mNnta�the mort�tge inaunnoe{n eifeot. If,for any reseon,ths mort�pe Irtaur�nee
<br /> • ' eeorerege requlred by Lender�epaas ar cea�nea to be In etteot, Bartower sh�ll pay the premlums requtrod to obtatn eoverape eubatanUnUy
<br /> '' •� '.. equNafent to the mortgage inaurance preNouely In effeot,at a coat aubattntkly equHalent to the coat to Bortower o}ths mortp�pe Inaunnce
<br /> " • provloasiy in etteat, (rom sn aitemKe mort�ge Nauror approved by lender. U eubstanUally equhrnient mortgage insurance coverage ts not
<br /> �� � ave�abie, Borrower �hell pay to Lender eaoh month a aum equal to on�tweihh af the yearly mortpage inaurance prtimium bdng pald by
<br /> •• ' - BoROwer whcn tho tnsurenee covernge�epsed or aanasd to be In eitaci. Lender wlq accept, use en�i retaln theae paymente aa n toae �
<br /> ' • resave in 8eu of moRgage Ineunnce. loaa reaerve paymenta mey�o lanper be requhed, at tha opUon of Lender, B mortgage inaunnce
<br /> `�' , � • corerage pn the amount and(or the perlod that i.ende��equirea� provided by an ineurer epproved by Lenda again boaomes ava8abte and le ---
<br /> � . "' obtained. Borrower ehell pay the p�emiums requtred to matntaln madgsge inauranae (n eNeat, or to provide c toBS �esetve. unttl the -
<br /> �' -. requtrement for mortgage Insurence ende In accordanoe wtth any written ngreement between Bartower and Lender or applicabte Iaxr. _
<br /> � 9.InBpeCtlon. Londer or Its agent may make reaso�ebte entrtes upon end inepeadons of the Praperty. Lender shaE glve Borrower ��
<br /> nodce at the Ume M or pdor to an Inspeolion epecitying reasonable ceuae tor the inspeallon. �`"4�
<br /> �. 70. Condemn�don. The proceeds ot eny awerd or daim tor demages, direct or aonsequentiel, in connecdon with any �_-
<br /> - -.__ - - ---�-_ � i.4iide�in'inUBii o�otti�r tai;in8 af �sy �ars at iha i'rapsRy,or !ar ccm�ayarscc in ltcu o!condcrrusatfen,�rc hcrcby asalgnad snd aha!!be petd �"
<br /> ._ . .. .... `__....
<br /> to Lender. �u:�`
<br /> � In the event of a total taking ot the Ptoperly,the proceeda sheN ba apptled to the aums secured by this Securiry Instrument,whetber or
<br /> ' � not then due,wfth any exaese paid to 8orcower. In the event of a parttaiateWng of the Property In whioh tha fair market vatue of the Properiy
<br /> • � Immedietety betore the ta�dng Is equai to or greater than the amount oi the sums aecured by this 9ecurity Instrument immedletely betore the �
<br /> teking,unleas Borrower and Lender otha�wise agree in writing,the euma sewred by thia 3ewdty Inatrument shap be reduoed by the emount
<br /> , at the proceeds mu�iplied by the 1oltowing iracUon: (a)the totel amount ot the sums seeured immedlatey before the teking,dividcsd by(b)tha
<br /> ieV market vatue oi the Propedy immedletety before the taking.Any batance shatl be paid to Borrower. In the event ot a partlal taking of the
<br /> Praperiy In whioh the telr market vatue ot the PropeAy Immediately before the taking la Iess than the amount of the eums seaured immedietey �
<br /> . before lhe taking, uniese Borrower and Lender olherwise egree in writing or unless apppccible law otherwiee provides, the proceeds shell be
<br /> appl(ed to the sume secured by this 3ecurity lnstrument whether or not the aums are then due. �f.'a�`.
<br /> ___ _._ _ tt the Property(a abendoned by Barrower, a if,after noUce by Lender to 8ortower that the condemner otte�s to meke an award or settle -� �
<br /> � a daim tor damages, Bortower fails to respond to Lender wfthin 30 days after the date the notice is ghren, Lender Is authorized to colieat and � -
<br /> epply the proceeds, et Ns optbn,efther to restomtlon or repalr oi ihe Propeny or to the suma oecured by lhia Security Instniment,whether �;``�"•
<br /> ornot then due. ��''
<br /> Uniess Lender and Bortower othatwlse agree in wdting, eny applicaUon ot proceeda to principal shall not extend or postpona the due '���"�°'
<br /> dete ot the monthly paymanta referred to In pa�agrephs t and 2 or change the amount of suoh payments.
<br /> 11. Bor�ower No! Released:Forbearanee By Lender Not a Walver. Extenslon ot the time tor payment or �
<br /> rtadlflcaQon of amortizatbn ot the suma secured by thls 3ecurity Inatrument granted by Lender to any succeaeor in Interest ot Borrower shail �.Sr
<br /> not operate to release the Ilabiiity of the odglnai Borrower or Borrower's succeasors in interest. Lender shel{ not ba�equired to commence
<br /> proceedings agalnst any successa in Intereat or retuse to extend tlme tor payment or othenNise modity amortizaUon of the sums secured by
<br /> tMs Securily Instrument by reason oi eny demend mede by the odginal Bortower or BoROwer's succesaors in Interest. My torbearenee by '
<br /> ' ' Lender In exercising any dght or remedy shallpnot be e waNer ot or preclude the exercise ot any dght or remedy. "
<br /> 12. Suecessors end Asalgns Bound: Joint and 8everal Lfabllity; Co-stgne�rs. The coven�nts and a�reementa ot
<br /> � thle Securily instrument shali bind and benefit the au�cessore and essigna of Lender and Bonower, subject to the proviafons ot paragreph
<br /> 17. Bonower's covenants and agreementa shal be Jolnt and several. Any Bortower who co•signa thfa Securily Instrument but doea not
<br /> execute the Note: (a) ta co•signing this Security Instrument only to mortgage,grant,end convey that florrower's Interest In the Propetty under �'
<br /> � the terms of this Socutity Instrument; (bj Is not personally obligated to pay the sume aecured by thls RacurNy tnstrument; and(o)agrnes thet _
<br /> lender and any other BoROwer mey agree to extend, modify,torbear or make any accommodaQons with regard to terms ot this Security
<br /> instrument or the Note without thet Bortower's consent.
<br /> 13. Loan Charges. If the toan seeured by thls Secudty Instrument Is subJect to a�aw which sets maximum�oan eharges,and that
<br /> lew is flnaily Interpreted ao that the Intereat or other toen charges collecled or to be collected In connectlon with the �oan exceed the
<br /> pertnitted Nmits, then; (a)any such Ioan cherges shaM be reduced by the emount necessary to reduce the charge to the permmed Ilmit;and
<br /> (b)any sums aiready collected irom Borrower which exceeded pEmnitted limits wiA be relunded to Borrower. Lender may ehoose to meke
<br /> thls retund by reducing the prindpal owed under the Note or by making a direct payment to Bortower. If a retund reduces principa�, the
<br /> � reductbn wlll be treated as a parllal prepayment wfthout any prepayment eharge under the Note.
<br /> I 14. NOtfC88. My notice to Borrower provlded tor in thls Securiry instrument shall be glven by delive�ing It or by mellhg It by iirst
<br /> cless mail unless appllcebie law requires use oi enother method. The notice shall be dlrected to tNe Property Address or any other address
<br /> � i Borrower designates by notice to Lender. Any notice to Lender shall be gNen by flrst class mafl to Lender's address stated herein or any �
<br /> ' I dher address Lender designetes by notice to 8orrower. Any notice provided tor In this Securiry Instrument shall be deemed to have been
<br /> � given to Borrower or Lender when given as pruvided In this paragraph. ;
<br /> 1b. Ciove�ning Law; Seve�ability. Thls Security�nstniment shell be govemed by federal law end the iaw of the Jurisdiction in �
<br /> wl�ich lhe Property Is �ocated. in the event that any provislon or clause ol ihis Security Instrument or the Note conllicts with appliceb�e Iaw. � �
<br /> such coniNct shall not aftect other provislons of this Security tnstrument or the Note which can be ghen eHect without ihe conflicting
<br /> provision. To this end the provisbns of this Se�urity Instrument aad the Note are declered to be severable.
<br /> 16. Borrower'S COpy. Bor�ower sheY be given one conbrrned copy oi ihe Note and oi this Security Instrument.
<br /> 17. Transfer of the Propeety or a Beneficiat Interest in Borrower. It all or any patt ot the Property or any Inlerast In
<br /> � It Is sold or transfeRed(or II a beneficial fnteresl in Bortower Is soid or transferred e�d Borcower Is not e natural person) wlthout lender's
<br /> ' pilor written consent, lender mey. at Its optlon,require immediate payment In fuli of aA sums secured by lhis Secudty Instrument. However.
<br /> this optlon shall not be exerclaed by Lender ft exercise is prohibited by tederel law as of the dete of thfs Secu�tty Instrument.
<br /> • I If lender exerclses this option, Lender shel give Borrower nolice oi acceleretion. The notice shall provlde e perlad ot not less then 30
<br /> ' deys from the dete the nollce is delivered or maiied within whfch the Borrower must pay all sums secured by this Securiry Inst�ument. If
<br /> ' 8orcowe►fatls to pay these 9ums p�ior to the expirntion of this penod, Lendcr may Invoke any remedies pertnfried by this Security Instrument
<br /> ' without turther notice or demend on Borcower.
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