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Borrowcr may aure euah a dctault end ra�netoto,ee providad In Ftrapr�ph 18,by eaueing the aotton or praaead�np to be . �: j--:�„�,: <br /> � �J` "- - --- di�ocd ti71th a rollne that,in Lerfder'a goad telth det�+min�tton,graotudea tade:ture ot tha Borrowor'e fnteroat U the P�operty or othur matedai <br /> .. . _" _ __ . :�i_.���._-. <br /> � • Imp�lrtrtent ot fhe Ilan orcatad by thia 8acudty Inatrument or Lender'e eQaudty InCerost. Bcrtawer eholl eleo bo in deteuit Ii Bonawar,dudnp tho ' ° � . _ <br /> " IoAn appRwtlon ptoaeao,pave mneritliy tM�ao or Innocureto intotmattan or ntatemente to Lender(or tatted to provldo Londor with any m�eMal a"'k J , <br /> Intortnatlon)U eonnooilon ralth the!om�videnoed by the Note,lnoluding,but not Ilmfted to,reprasentetiena conaomtnp 8onowoPe oocupnnoy ot • .`�'-'•' <br /> � the Properiy ee a principai rcakldnee. II lhle 8ecurity Inatrument fs an a Icaaohald,Borrov�cr ohuU eompty wlth ail tho provielanA of the lesae. . '"''= <br /> It 8afrower aaqui►ea tea tiite to tho Proporty,tho Ieaoehoid and tha tea tit�e sha11 not morgo unloaa Lendor agreos to tho mur�m In w�tinp. • : • . <br /> � � 7. Proteotlon of LendeP's RlgMts In the Propotty. It 8orrowar Ielis to pertom►tho oovonanta end agreomontn coMained u r;--., � � = <br /> • In thia Securfty Instrument,or there ia a tegnt proceading thnt mny algnHlcanUy atfeat Lender's dghta In the Properiy(auch as n proceed!rtg -_ _ . <br /> . •.� In bnniwptay,probata,for coademnaUon or todeiture or to entorco lews ar regutaUons),then Lender may do and p�r tor whAtever is necas�wry . <br /> to protect the vatuQ ot the Property and Lendefs dghte In the PropeAy. Lender's eotions may Inciude paying any aums soeured by a Ilen whloh <br /> • � , . has pdority over this 9ew�:.y Instrument,appearing In court,payfng rcaaonable attomeys'fees and entering on the Praperty to make repnirs. <br /> � ' � , Although Lender may take aatlon under this pa�agraph 7, Lender does not heve to do so. . <br /> • ' My amounta dlaburseo by l.ender under thla paragreph 7 sheN become addlGonei debt o!Borrower secured by this S�cueity tnsVUment. <br /> ' �� Uniass Borrower and Lender ag►ee to other tartns ot paym�nt,these amounts aha0ltr�e Fadorest irom the date of dis�urser.ten4 ot tho ��° <br /> � Note rate and shall be payabie,wfth interest, asen rtetiso itom Lender to Bortower���a�sting payment. , � <br /> 8. Mortgage Insuranee. It Lend�r requtr�d rrtertgage Insurance as a conatitlon ot maktng the loan secured by this Sscurity Instrument. � . �. <br /> � Borrower shali pay the premiums requ're�l to mafntain the mortgage insuranca in ettect. if,tor any��ason,the m�rtgage fnsurance eoverage <br /> � ' required by Lender lapses er e¢ases to be in eitect,8errower shall pay the premlums�e�u�red to obtain coverege substentfaily equNeiaM to tho „ � <br /> � mortgage inauranee pr¢viously in eN@ct,at e coet substanttaily equNalent to the cost to�orrower ot the mortgage insurance prevtoasy ln eftect, <br /> 1 ,, .. <br /> fiam un attemato mor�gag�insurer approved by Lender. ff substantiapy equNa�ent moAgage Inaurance coverage ia not svatiable,Bonotver shall pay ,� <br /> • to Lend2r¢ac�e rt�enth a sum apuat to ane�tweHth ot the yeariy morSgage insurance premium being paid by Bortower when ihe insurance coverage . . <br /> lapsed os ceased to be tn effect. Lender wili aeeept,use and retaim these payments es a loss reserve in Yeu ot mortgage Insurence. 4oss resenre . ' <br /> ` 'r; <br /> paymeMs may no longer be required,at the opAon ot lender,it mortgage lnsurance coverage Qn the;,raaunt and for the perfod that Lender � �. , � _ <br /> requires)provided by an insurer epproved by Lender egain becomes availeble and is obtained. Borrower ahatl pay the premiums requirad to ,� ' ` ;;`; <br /> meintEtin mortgage insurence in eifect,or to provide a Ios�reserve,untll the requirement tor mortgage insurance ends in accordance wtth any rk• �rc�s�:• <br /> � written agreement between Borrower and Lender or applicak(e�aw. �,��tr�.+t ';�"'"`%���: <br /> 9, toapeetton. Lender or fts egent may make reasonable en�les upon and inapectlona of the Property. Lender shall give Borrower ,, I <br /> �,�..,�`,'.�^:;- <br /> notice at the ttme of or rtar to en inspectlon s n reasonatrie ceuse tor the Ins on. �.:�.•,�{�"�', <br /> p P�M 9 Pecti �,�,,',".'„yy ..,. ?,. <br /> • � 10. COndOmnationr The proeeeda of any awara or daim for damngea.Jir�ct or cansequessUaf,M conns:cttcr.•rrkh any condemRatlon =—=�`=U.-,� �'��Xt:�; <br /> or other ta�ing of eny FaA oi the Property,or for conveyance In Ileu of�ondemnatlon,are hereby assigned and she11 be pald to Lender. } `"'' <br /> �� � in ihe avertl ot a to1a1 iaking of the Property,the proaeeds shall be appiled to the aums secured by this Security inabument,whether or not � ,''���`•"` <br /> then due, wilh any exceas paid to 8orrower. In the event of a Fartta�a��<:ng of the PrapeAy in which the falr market vaiue of the Property • ��� '^+� '��_ <br /> ,.'{+�k.�. <br /> immedfaiery betora the taking is equat to ar greatvr than tfie amount o1�he sums secured by thls Seeurfty Instrument Immed!atety before the tatdng. �;�[�1:�:f..t �1�. <br /> unlesa Bortower and Lender othervvise agree in wAtin ,the aums seeure d b t h is S ecu d Ins t r umen t s ha l l be re d u ced b the amount of the '`5 •`�;1� <br /> , 9 Y t Y Y ''•�SiF±.nt, �.f�,; <br /> . , proceeds muwplled by the to0owing fraallon: (a)the to1a1 i.r.aunt of sums secured immedlatey before the taking, dNided by(b)the feir market " � �,� ' <br /> vaiue ot the Propetty immediatety betore the taMng. My halance shal be pald to Borrower. in the event of a partlal iawng ot the Proper�y in I ;,iy'��" ' <br /> wfiich lha tair market vaiue ot the Prop�erty immediatey betore the taWng is less than the amount oi the sums secured unmedlately betore the "���'••� <br /> •.� � �;,��.a,t, <br /> � � itiking,unloss Borrower and Lender otherwise agree In writing or unless applicable law otherwise providea,the proceeds shaU be applted � ;,_i,�'.,t , " � <br /> ,,. <br /> ta ttee sums secured by this Seeurity InsWment wheiher or not the aums are the�due. �;.�1���� <br /> ' 191ha Property Is abandoned by Borrower,or N,aftar nottce by Lender to Bortow¢r tfial the condemnor oHers to make an award or settle j ••."y�r,;tL,.;" <br /> ;�'`1 a daim tor damages, Borrower feiis to respond to Lender wfthln 30 days aker the daie the noUce is given.Lender Is euthofaed to cotiect '�` <br /> �'�� ' •' ., and appry the proceeds,at ks opUon,either to restoration or repair ot the Property or to the sums secured by thls 5ecurity Inatrumait, <br /> '-'!�.'..;,•. , , <br /> �,si�;.: .�1 �; :� whether or not then due. � ;?'"'�. <br /> `•'`r•;��; 'd Uniess Lender and Bortower othenn(se agree in w►Iting,any applicaUon of proceeds ta pdncipai s�ai1 not extend or postpone 1he due � ,. •' <br /> '��rf . date of the monthly payments referced to In paragraphs 1 and 2 or change the amount of such payments. I !,;I;,+,} <br /> "' 11. Borrower Not Reteased; Forebeararoce By Lender Not a Waiver. Extension of the tlme for peyment or modHication '"`� ' <br /> ;,,.,, <br /> ;;��,:; , _ o!amordzatlon ot the sums secured by thla Secu�ity Instrument granted by Lender to any successor in tnterest ot Bortower ahaN not i ',�r��� <br /> ,.��� � " opetute to relcase the Iktbilfly of the odginei BoROwer or Borrower's successors In Interest. Lender sPraU not be requked to commence �: • • <br /> ��;' proceedings against any succesaor in Interest or retuse to extend time tor payment or otherwise modlly amortizatian of the sums sec:ured ���i<,ti,-, <br /> '4:� by thls 3ecurfty Instrument by reuson of arty demand made by the original Borrower or Borrower's successors in miP�Asi. My torbearance � <br /> by Lender In exerdsing any dght or remedy shatl not be a walver of or preclude the exercise of any right or remedy� ! � <br /> 12. Successors and Assigns Bound; Joiot and Several Uabitity; Co-signe�s. The covenants and agreements of <br /> t this Secudry InsVUment ahall btnd and bene8t the succesaors end assigns of Lender and Borrower,subject to the provisions o1 paragraph <br /> ''' 17. Borrower's covenants end agreementa shall be Joint and severel. Any Borrower who co•signs this Securiry instr�r,ent but does not , <br /> �,. <br /> execute the Noto: (a) is co•slg�ing this Secudty Instrument only to mortgage.grant a�d convey that Borrower's ir�terest�n the Property , <br /> ; under the terms of this Security Instrument: (b)Is not personaly obligateJ to pay the sums secured by this Secu:7�j lnstrument:and(c) <br /> agrees that Lender and any other Bortower may agree to extend,modily,forbear or make any accommodatlons with regard to ihe tertns ot <br /> thte 3acurfty I�strument or the Note wlthout that Borrower's consent. � <br /> 13. Loan Citerges. It the loan secured by this Security instrument Is subject to a law which sets maxirnum loan charges,and <br /> that law Is fln811y fntetpreted so that the Interest or other�oa�charges coliected or to be collected in connectlon with the toan exceed <br /> � the permitted Iimits,then: (a)eny such Ioan charge shail be reduced by the amount necessary to reduce lhe eharge to the permitted <br /> Omtt;end(b)any suma already eoAected from Borrower which exceeded permitted Iimfls wiY be refunded to Bortower. Lender may ehoose <br /> .��Y.._��....�,....�.....��...�....r.e�..,..�.��.�o.etio N.,m nr hv mnlclnn o dirae:t eavment to Eurtower. It a retund redutes prin- <br /> -- iv rTiano uno.mvuv v�.vwv...y.....'.....�.�.�. "'___..__. ...' ""- -- -• --- a - . . <br /> dpat,the reduction wtil be treated as a partiat prepayment wfthout any prepayment charge under the Note. <br /> � 14. No4ieea. My notice to Barrower provided for fn thfs Secu�ty Instrument shsil be gNen by delivering it or by mafling it by first <br /> �• ciass mail untess applleable lew requires use ol another method. The notice shall be directed to the Property Ac�:�•�ss or any other address <br /> � <br /> 3D28Y.km�3A» n,g��o�s Form 3028 9/90 <br /> t <br /> � � <br /> � <br /> j I <br /> � . . . _ <br /> . . . "_ _. _._....__'. _"'____'__ __'"_'__"'_ .._ ._ .___...__'______-.`_ �.�?_ _._. '.___._ _____"_ _ _'. . <br />