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<br /> � BoROerer may curo cuch a dEta:+lt and relnotato, ao providcd In paraflroph 10, by cauol�p tho nctlon or proca�G:np to 6u ° " =�.,�-
<br /> d'amisacd villh n ruilnU thnt, In Lcndcr'a flaad falth d:lc7rn!nation,prcc!udc�(ar4citurc oi tho�or.oti•rcr'o lntcrc�t In tho Properry or , =�-
<br /> ' qthcr matcri�l fmp�lrncnt o1 tha Ilcn crcated by thla 9�cu�iry Inolrurncnt or l.c�dcr'� neec�y Intcreat, �ortoe�cr ohcU ei�o bo In i ��� '
<br /> da1RU8 11 k3ortawer, dur(np tho loan applicatlon proc�:ao, gavo matcrl�!y fnl�o or Inaccurntc�Intorm�tlnn or ot�tcr�lc�to to Lrndcr(ur —
<br /> failed to provid9 L.ender w►th any materla! Intortnatlon) In cannection with tho lo9n ovldenced by tho Noto. Inciudinp, bttl not „
<br /> Ilmited to, repre3ent�tions concamin� 8oaawer'a occupaney o1 the Pr�perty ae a principal resldenco. II this 8BCUdry __
<br /> Inotrument Is on w leaashold, Borrower ahall compy wiih ntl thn pra�lslone o1 the leasa. If Bartower Qcquires lee Q11e to tha _
<br /> Properly,the leeeehold and tha lee tltle ehAil not merga unleea Lender agreeo to tho merper In wdtinfl. . . _
<br /> 7. PrMc ctlon of Lettdsr's Rigltts ln ths �'voporty. H eortowar t�us to pertartn the covenuUe end eye�rsenta
<br /> contaliicd In thla S�curtry Inetrument, or thero Ia n legal proceedlnfl that may alDniticantty gffoat Lender'e dflhte In the Propaiy ��,
<br /> ' (auch ae a proceed�np In ban{wptcy, prohate, tor candemnatlon or toAo�ture or to entorce Iswa or regul:tlona),thcn Lcndcr m�y _ -___
<br /> da end pey tor wh�tever!a necuanary to protect the value o4 thm Rroparty�nd Lender'e dphte In the Property. Lander'e ectlone _
<br /> may Include p�ying any sums secured by e Ilen vihlch hee prloriry ova�thls Securlty Instrument, oppeering In couA, payln0 -�--
<br /> " renaonable attomay�' 4ees snd enterfnfl on the Property to make repeire. Allhough Lender may teko acllon under thts pareyrepli „ �'�
<br /> ' 7, Lender doas not have to do so. ., �°`--
<br /> My amounts disburoed by Lender under paraprcph 7 shell become additional dobt o1 Borrowe► se�:urod hy thls Sncudty
<br /> Inatrument. Unlaao Bartov�er and Londnr egree to other tertns of p�ymont, thoae amounts ahafl boar Intaest irom thindata of .�_'
<br /> dlsburtement et the Noto rato snd ahail bo payable,wtth Intwest,upan noUce(rom Lender to fiorrower raquesting paym , �y-_
<br /> 0. Mortgaga IQdU►AI1C6. It Lender requlred mortgage Insurence as e conditlon of ineking tha loan secured by thls -
<br /> ' Secudry InatrumenL Bortower shal!pe►y thd prr.mluma requirad to maintaU the mortgega inauranca In ettect.If,tor nny i�eenon,tlsa .;,��`
<br /> mortflago Insurence coverage requlrad by Lende� lapses or ceases to ba In ettect, Borrawer shall pay tlte premlums required to �
<br /> obtain coverage substantialiy equNalent to tho mortgage Insurence prevlousry In ettect, at e cost substantlnly equfvalent to the �•
<br /> cost to Bortowe► of the moRgaga inaurance prevlousry In etteet, irom an eltemete mortgage insure► epprovad by Lendar. li ����__
<br /> �� substentlaly equivalent mortgage insurence coverage Is not available, Borrower shall Ray to Lender each manth a eum equ�l to �;,��,„r,�
<br /> ono-twelflh of the yeaMy mortqago Insurance prer�}ium bs.nfl p�ld by Bortower when the insurance coverage lapaed or cesaed to ^ �.:r,�,-•_.T---
<br /> • be In eftect. Lender will accept, use and rotaln these paymonte ea a loss roserve In Ileu of mortgage inaurence. I.oas resetve �-,r;.;�;;�
<br /> ..a.,r!:—
<br /> payments may no longer be requlred, at the optton ot Lender,It rr�ortgago Inaurence coverafle(In the amaunt and tor the pettad �
<br /> that Lender requtres) provldad by an Inourer approved by Londer agaln becomes avallabte and i� obtalned. Bortower ahaH pay ,���.,,-
<br /> Ihe premlums requlred to m+iintain mortpage Insu►ence In eftect, or to provlde a loss reserve, untll the raquiroment for mortga�e , �:.,�Y
<br /> .y. .]1;a.71N.a7
<br /> insuranca ends In nccardanco with any wdtten ngraement between Bonower and Lender or eppliceble law. -_t�.:.-.
<br /> 9. Ii18p8CtI0I1.Lender ar ite agent may make reasonabla entdes upon nnd hspecUons ot the Property. Lender ehall gNo I.����:_�
<br /> Borrower notice at the tlme ot or prlor to sn inspectlo�specitying reasonable cauae tar the Inapectlon.
<br /> 10. Condem�atlon.The procaedo 01 any award or clalm tor damages, direct or conaequentlai, In connecUon with sny '?'�!���"
<br /> . r,ondemnetion or other taWng ot any part of tho Property, or tor conveynnca In Ileu ot condemnntlon, are hereby asslpned and �•-- _—
<br /> shall be�►ald to Lender.
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<br /> In the ovent of a total taWng of the Property, the proceeds ahaU be a�pplled to the eums oecured by thla Security ` ,; �`:
<br /> _-_-.-.____._ _-_:; �� !nstn:rnnnt, whether or not thon duo,with eny oxcess pald to Borrower. In the ovent of a partlal takinp o1 the Property In whtch t�r� =;
<br /> ' the tnir market veluo of the PropeRy immedlately betore tho tnwng is equai io ui ��eaiar.rast!!:e smsur.t et ttin aums securec� _ _ _
<br /> by thls Securlty Instrumont Immediatey bofore the taking, unless Borroww and Lendor othetwlse apree In wrkinq, the eums
<br /> secured by thls Socurity Inetrument 3hsll be reduced by the emount of the proceeds mutNplled by tho following 1rACtlon: (a)tfie ;f �'
<br /> total amount ot the sumu aecured Immedlately betoro the taking, dlvlded by (b) tho talr market valuo ot th�e�Ph�P���falremaricet �f.
<br /> betore the teking.My baiance shsll be peid to Bortawer. In the ovent of o pertlal tAking of the Properly
<br /> velue o1 the Property Immedlatety betoro the taktng Is less ihen the amount of the suma sacurod Immedlatey betoro the tnking, ; !�„-�:
<br /> . d'�' iQ
<br /> ur�lesa Borrower and Lender otherwiae sgree in w�iUng or unlesa eppllcabie law othemise provides, the proceeds shall be : �
<br /> applied to tha suma securcd by thia 3e�uriiy InsVument whethor or not the aums are then duo. ��, ,
<br /> I}the Property Is abandoned by BoROwer, or II, after notice by Lendor to �orrower that the condemnor ottara to make an ,
<br /> award or settia e claim for damages, Borrower tails to respond tu Lender wlthin 30 days after the dnto the notice Is glven. ;���'
<br /> Lender Is authodzed to collect and apply the procoeds, at Ita option, either to restoretion or rapair of tha Propetty or to the ` �� .
<br /> suma aecured by thls Secutriy Inatrument,whether or not then due.
<br /> Unless Lender end Bortower otherwise agroa In w�iting. any 4ppllcutlon of proceeda to principal shell not extend or , .
<br /> poatpone the due date of the monthy peymenta reteRad to In pareprepha 1 and 2 or chango the emount ot�uch paymenta, � �,.�f-
<br /> 11. Borrower Not Relesaed; Forbearance By Lender Not a Walver.Extenafon ot the time tor payment or I �^;. �
<br /> modiflcatlon ot amortizetlon of the suma secured by thls Secu�lty Instrument grantod by Lender to any succeusor In Interest of �`:� ,
<br /> � Dortower ehail not operate to raleaae the Ilabiltty oi tho odginal Bortower or BoROwer's ouccossora In Interest. Londer shall not I ^ _
<br /> • be requlred to commence proceedings agalnat any successor in Interost or re f usa to e x t e n d t i m e tor pa y ment or otherwlse � ,��,
<br /> 01 the aums aecured by this Sacurity Instrument by reaeon of nny domand made by the orlglnal Bortower or j �s 74'i
<br /> modlty emortlzaUon � ;��
<br /> Bortowor's successors In Interest. My forbearence by Londer In e:cercising nny rtght or remady ahep not be a waiver of or � . r; ,._
<br /> preciude the exercise ot any dght or romody. CO-81 nere. The covenants and ' � ' '', �fi'
<br /> 12. Su�cessors end Asslgns eound; Jolnt and Seve�al Uability; g >�� � �� ,�
<br /> .,� r.
<br /> agreements of thls Security Inatrumenl shall bind and benefit tho ouccosaora and asslgns ot Lendor nnd Borcower, aubJect to t e �.
<br /> �, provislons ot paragiaph 17. Borcower's covenants and ngreements ahall be Jolnt nnd neverel. My Bortower who co•signe thls � t' „
<br /> Security InsWment but daas not execute tho Nota: (a) Is co•slgning thls Sncurity Instrumont only to mortgaqe,gmnt and convoy i r
<br /> that Borrower's Interest In the Properry under the terms of thi3 3ocurity Inotrument; (b) la not peraonally obligeted to pny tho
<br /> sums socured by thls 9aeurity Instrument; and (c) ngroos that Lender and ttny other Bonower mey ngree to extend, modity, , ',
<br /> � torbear or mako any nccommodntlone with togard to tho tertns ot this Socurity Inatrumant or tha Noto wlthout that Bartower'o �
<br /> ` „ consent. ' .
<br /> 13. Loan Chargea. It tho Ionn aacurnd by thls Securlry Instrument Is subJect to a law whlch eeta maximum lonn ' � 4
<br /> ' chnrges, and that low Is Mn1ty Interprotod eo that tho interost ar other loan chergos coliQCtod or to bo collected In connocllon , �
<br /> with the loan oxcuud tho pertnittad Iimlte, then: (u) nny such loan chargo shvll bo roduced by tho amount necosaery to roduce •
<br /> � tho chargo to tho pertnittad Ilmlt; nnd (b) any sumo already coliectad from Borrower whlah oxceodod pertnittad Ilmita wfil be ,
<br /> d�eot paymont ta Bo oworer mne r�tund�rad cos�prin'cip lu tho od ctlofngwiil�ber1trea ed a.9 n partlait prepayment�wilhoutnany �
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<br /> � prepayment charge undcr tho Noto.
<br /> 14. 'NOtICee.My notico to Borrower provid�d for in this Secudty Instrument ohnll ba glven by dciivering ft or by meliinp it ,7
<br /> , by flrat clasa mnll unlosa appllca6lo law raqulros u3o 01 nnother mttthod. Tha notica shnll bo dlrectod to the Proporty Addrosa '
<br /> - - __ __. ...�... e,w.00 Finrrnwnr dnslanntos bv notico to Lender. Any notico to Lendar shall bo given by tirst class mefl to . �
<br /> _ _ _ � �, a.., �...� ______ __ .._, .__._ .
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<br /> � Lcnder'o nddroas otated hereln or nny other addrose Lender doslgnntos by notica to Borrower. any noiico pr����a, ��� ��� ����o -
<br /> 5acudty InaVUment ehnll ba doanad to hevo boen gHen to Borrowor or Lender whcn fl�ven ao providod In this paraflmph.
<br /> 15. C3oVY1'111ng LAw; SBV�PAb111ly. Thls Sacurity Instrument ahali bo govomod by tedoral law nnd tho law of tho ,
<br /> 1 Jurladiction In whlch tho Property Is locatud. In tho ovent thnt any provlolon or clauao ot this Sacurlly Inatrument or tho Noto
<br /> , conflicts wilh appllcnblo Isw, ouch contllct ohall not eifect other provfslo�3 oi thls Sncuriiy Instrument or tha Noto which crin bo
<br /> I plven ottoct wilhoiri tho c���tllctln� provlalon. To thla end tho provlslona ot tlils Sacudty Instn►ment nnd tho Noto nro doclnred to
<br /> . bo aoverablo.
<br /> 18. Borrow�r'8 Copy. Bortower uhnll bo givan ano contartned copy ot tha Noto and of thls Socuriry Instrumont.
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