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<br /> n • .�orarler m�y civa auch a dc`.�uti and v�:7sitato, ao provldc� h p�m�mph iB, by a�uc!�p tt�c�tnn or p;oc��4;ir� to G� �=�'�
<br /> ' c:�r�,accd���i1 c�ni':,ip th^0.!n Lc�dcr'o paad t_ith dctenn'rtnt'on, prcc;ud;a to�i:,:tura o?Fh�Qu��a.rer'o htcrc�t ln th�F�apc�Sy or � " .,.driwr-
<br /> oihcr r�i::tr.;{,�I!;:��:'.r�tca4 a9 iho L'rn crc,tcti by th!3 S�ciuS�In�tsur�;cnt a•r Lc��cia ccc:�ry tnlcrcat. Cfatit+:�c7 oh:9 r_:�o it�C� .
<br /> default If Bonawer,dudn��1he loen eppilcatlan prace�e,puve matesia4y false or Inaccurato Lilo7in�tlutl oi r,tfitC�ilClt�t0 LCtitl:r(or , �
<br /> . icNed to proNdn L.ander wit� any matc�tnl Iniormrtlon) In connectlon with the loan ovld�nc�A by the No2a, Includinp, 6ut nat , `
<br /> � � lim�ted to, repro�enttllone co�ceminp �OROWHf'e occup�ncy of the Property eo q pdnGp�9 raafdenca. If lhi� 3ecurtt� .. .
<br /> � tnuirument la or� a leaeehofd, Bortowar ohall compy with e11 Ihe provielona o1 the leaee. !f Borrowr.v ecqulre� tee tkio to the�� �+
<br /> Property,the leaeeho(d and the tee titls ahaif not merqe unlese Lendav cgrea�to ihe merper In wrtlinfl,
<br /> c'., �.
<br /> � ,, 7. Prottcttorv o1` L.�nd�r's Right� In 4�t� Proporty�If BoRawer faNa to partorm the covenrnte and�greemente� � • � ���'y"'
<br /> • ccnta.��cd tn thl��cca�tty ln�tNmcnt, or thcro l� a Ic�°I pror..-crf?ng thet m�y -!�ifle-r�ily effect �endw'e rtr�Me In the Peo�erly� _
<br /> (auch �e• procHedkip In t�nfuvptcy, prob�te,tor candemn�tlon or foHeitvre or to entores wwa or repuktlane),then Lenda nwy Q .:;��.;.
<br /> do and p�y for whatever le necesnary to protect the value of lha Propxrty end Lendx'e clphta N the Property. Lenda'e actlone�
<br /> : m�y Include payinp �ny aums secured by e Hen whlch hae Rrloiriyr over thia Securlty Instrumeeit, appen�Ing In caurt, psying� , �
<br /> rueonable �Itomeya'leae�nd entairtp on the Properiy to mako ropaire.Alihough La�der may t�Sce tction under thi�par�pnph�, �
<br /> � 7,lenda doe� not have tn do so. ' � ••
<br /> • Any amounte disbursed by Lender undH paragraj,h 7 shafl becoma additi4nnl debt oT Barrower aecured by thle SecudryW �
<br /> . � Instrurn�+�t. Unfe3s Oorrawcr end Lcndc�n�na to otha tcrms o!paym�►t, thcao emounts�he9 6e� lnterest fram the d+�te o1 �'
<br /> disbursement Rt the Noto nte�nd eh�,N be p�yable,with Interest, upon notice horn Lender lo Bomowx raqueatinp payment. ;
<br /> •� 8. MO►t�agi InauraneA. II Lender requlred moRgege Insuronce ns e conditton of maWnp 4he lo�n secured Dy thla � �_
<br /> , ;�.�
<br /> Secu�ity InstNment, Borrawer ahall pay the premlums requlred to meintatn tha mortgaga Ir�surence k�ettect.If,tor�ny renson,the ' -�,
<br /> mortgnge fnsurance covernpe required by Lender lapaes or ceases to be tn eifect,BoROwer sheN p�y the prertdums requked to `� �,
<br /> obteln covercge substdntlaly equivalent to the mortgege insurance prasrlou�y (n ettect, at e cost substant�aYy equlvalent to the � " �:
<br /> cost tn Bortawer of the mortgnye Insurance prevlousy In ettect, Irom an nitemite mortgtge hsura epproved by Lender. If ° ••
<br /> ' • substenll�Ry equhnlent mortg�ge Insuranco cavenge is not evaftable. BoROwer ahaN pay to Lcnder each month e aum eq�a1 to „ ' '�',�'��� ��� �
<br /> " one-tweHth of the yeaiiy moRg�go Insurance premtum being pald hy�o;row�r wfien the insuranca covcrape lapsed or ceesed to _ �'�•�
<br /> 6e In c4(ect. Le�nda wfN accept, use and retxh these puyments as a Ioss reserva in Aeu of mortgage insurance. Losa reservo „ �"� _'"-'
<br /> paymenta m�y no longer be requlred, at the opUon o} Lender,if mortgago Insuranse cover�ge(n the emount �nd for ihe perlod ��"�Q'"'��v
<br /> . thot Leoder requtres) provlded by an insurer epproved by lender again Ibecomes avelleble aetd Is obte!rted. Bwrower sheli pay " 1•�-
<br /> � the promiume►equlred 4a makiteln mortye�e Insur�nrs In et(ect, or to provlde a losa resecre. un�l the requYbment tor mortgage � �' "
<br /> Insurance ends tn accorciance with any written agreement between Borrower end Lender or eppYcabfa law. ' , -''
<br /> 9. In�psctlun�Lender or IW ngcnt may make reasonabte entrtea upon and In�peetlans of the F�operty. Lenda ahaY ptve ��
<br /> Borrowar nollce at the ttme of or pdor to an InspecUon specltyfng reasonabla ci►usa tor iho Inspection. � '`—-
<br /> 10. Cond�mn�tton. The proceeds of any award or clalm for damapes, direct or conscquenttal, in connecUon with eny • �:�,i,*.�
<br /> cond�mnaUon or other taking of eny part oi the PrapeAy, or tor conveyance In Oeu of conde+matlon, are hereby assigned and
<br /> shtN be paid to Lendcr. � �ii��.
<br /> :�;i In the event oi e tot�l tak)np of tho Property, tha proceeds shall be applled to the sums secured by this Secudty •F��' .
<br /> -;,• .;__;:--
<br /> mem,ment_ whethd or not then due.wlth nnv excesa aaid ta Bortuwer. In the event oi a pae8al taking o1 the Property In which �(.;.� ,;
<br /> •,. . ,-
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<br /> ' the tak mnT1cM value ol the Property immedlatey beforn the takin�Is equal to or greater than the amount of the sums securod (� `.
<br /> by this Securky InaUument knmedtately befara the taking, untess Borrower and Lertdcr othmvise agree In wriUng, the sums � r.
<br /> secured by this Seci�iity InsWment shnM be reduced by the amount ot tho proceeda muftipFed by the toUowing irect7on: (e)the � • ' a
<br /> � total nmount of tho sums secured Immedistety betore the teking, dNlded by(b) the tair market vatue of the Praperty immediatety %
<br /> before the t�king. My baunce shaN 6e pald to Borrower.In the event of a partiai taldng of the Property In whlch the tak market �
<br /> • value o1 lhe Property Immediatety betore the taktng Is les� than the amount oi tha sums secured Imme�diatety bMore the taking, ,. '
<br /> unless Borrower and Lender otherwlse agree ln wrftlnfl or unless appliceble law otheiwlse provides, the proceeds shall be .
<br /> appNed to tAe suma secured by this Securfty Instrummt whether or not the sums ere then due. ���, ,
<br /> It the Property is ebsndened by Borrower, or If, nfter notice by Lmder to Bonawer th�t the condemnor otforo to make an �
<br /> award or settle e dakn tor demsgea, Borrower fufis to rcspond to Lender within 90 8ays afleP the date the notice is given, ' r,;��i •
<br /> ' Lender Is aulhorizal to eoAect and eppy the proceeds, at Its opUon, cither to rostort�tlon ar repalr oi the Properry or to the � . �
<br /> sums secured by thls Secwfty Instrumant,whether or not then due. �
<br /> ' Unieaa Lender end BoROwer otheiwlse a�ee In wrttlng, any appAcaUon ot proceeds to principal shaN not extend or � ' :
<br /> ' postpone the due date of the monthly payments referred to In paragrisphs 1 and 2 or changa the emount ot such payments. � �`�'��c,�'
<br /> 11. Barrowar Not Rel�ased; ForbeRranae By L�nder Not e Walver.Exlmsfon of the Umo tor payment�r ' , •�' ^-
<br /> modiflc�Uon of amorttraUon of the sums�ecured by this Secwtiy InsUument granted by Lender to eny successor in Interest of � ,
<br /> Borrower shell not operato to releese tho Ilabllliy of the odginal 8ortower or Borrower's successors In interes� Lender shaB not � .•
<br /> be roquked to commence proceedMgs against uny successor In Interest or retuse to extend time tor payment or othmvtse i �:, �
<br /> modity emorUzaUon ot tho sums aecured by this Secudty Instrument by reason of any demarrd mado by the origlnal Borrower or I �' �i
<br /> Barro�ver's successore in interest. Any torbearence by Lct�der in exercisfng sny dghf or rEmedy shall not be a walver of or ' " �.�;
<br /> �. ,
<br /> prectude the exerdse oi eny dght or remedy. , "-
<br />- •� 12. Successors end Assipne Bound; Jolnt and 5everel L.labtlity; �o�iflnere. 1he covenants and ��� a'
<br /> agreements o}this Security InsWm�t shall bind and benefit the successor.�and as3lgns of Lender end Bortower, aubJect to the � �`• , �
<br /> provlsfans o1 paragreph 17. Boroluv's covenants and egreements shatl he jotnt and sevc�3. My Borrower who co-signs this `
<br /> Security InsUument hut doos not axecuto iha Noto: (a) ts casignlnp thls Security In�trument ony to mortgage,Qrant wd canvoy , '
<br /> that Bortawer's Intar.�sl in tAe Ptoperty undcr tho tertns o} this Securiry Instnsmznx (b) is nol peraonmliy ohiigeted to pay tho � :
<br /> sums secured by thb Security Instrument; and (c) agrees that Lender and eny othcr Bornowc�mey agee to extend, modity, ,
<br /> ' forbelr or mako any eccom:nodo?lons with rcpard to tho terms of this Security Instruinent or Ihe Noto without that 8orro»er's �
<br /> coosum.
<br /> � .13. LOitl Chitges. It the loan secured by this Ssauriry InsVument is subject to e taw which sets maximum Ioan � ''
<br /> ch�iges,and that Inw is t'�nally f�terpreted so that tho Interest or other loan charyes coGected or to bo collected In connecUon ,
<br /> vl�th tha loan exceed the permitted{imlts,thm: (o) nny such laun chargo shaH bo reduced by tho nmount necessnry to teducw '
<br /> tAn chargo to tho pertnitted limit; end (b) nny sums nlresdy co9ected irom Bortower �vhtch e�ceeeded pem:'.tted lEmRs +vi9 6e
<br /> reNnded to Dorrower.Lender may choose to ma.�Ce thls relund by redudng tho princ(pnl owed under the (Voto or by making a •
<br /> d�reet payment to Borcower. if o retund reduces prtndpr�J, lho reduction wilJ bo treated e�a parL'al prepayment without uny
<br /> , prepayment charqo unde►lho Noto. "
<br /> 14. NOtICey.My noUco 4o E3orro�ver provlded for In thls Securiry InsWment ahu11 bo gMcv� by delivering it or by maiGnfl It ��;
<br /> by first class maU unles�appl�cablo law requ.res uso ot unother method. The noUco shall bo d�rccted to the Prope�ty Qddress
<br /> � ° ...�......�tir�Acu�R�vmwu 1—!--��tm Av nnliro tn 1 nndnv Anu nNiro fn 1 nrvid ah.oll hu nlvnn hv fuct �lunc �nnll tn --
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<br /> ' Lmder's address stated hcie4n or any�the►addrcss Lender desfgrtates by nol[ca to Bartower. Any noUco provided tos• In this
<br />� S.c��riry Instrument�ha0 bo decmed to hnva heen given to Bomower or Lendcr whrn g?ven as provided In this psragmph.
<br /> � 16. �ovarMng Law; Sovarabit6ty. Thts Sacurity Instrummt shall ba �ovemed by federal law und tha taw o} the .
<br /> , judsdlclion In r��ich the Property Is located. In tha event that any provfslon or ctau�o ol thl9 SecuNry Instnrment or tho Noto
<br /> conrtcts wilh ai,�p:IcaD:o ts�v, aucl� conElet ahn9 not eftcct other pruvtstona o}this Sacuriry IresWmcnl or tho Noto whlch pn bo '
<br /> �` c�Nen ehee4 wfi�eut tho coniNcting provislan.To thls md tho provl�lans of thls Secwiry instrument and tho Noto ere dectared to �
<br /> ' �sarereble.
<br /> C 18. t30��OwiPB COQy. Borrowe►sha!1 bo given one contortned cepy o}!he Nota ertd o}thi5 Security tnsWment.
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