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<br /> • Borvo���cr m�y curo auch a d:fnuli and re:71D1U10, 03 pruvidcd In p�npraph 1�, by c,^.uofng tho actlon or procced:nfl to bo � ,
<br /> disml�acd�•�ith a nd!np thnt, In Lcndcr's flood Iaiih dctcrminatlon, prcctudoo toAcitura o}tho DoRO���ci o Intcrcot In Iha Piopery or � ' ..
<br /> • othc7 m�icrl�l Im�olrmcnt o1 tho Il�n crc�tcd by thl� 3cculiy Inotrumcnt or I.cndr.r's occurlty In¢cra�t. Borrovrcr shnll nt�o bo In
<br /> doiault I} BqROwer,d�rinp lhe loan spsllcatlon procoso, pavo mate�lttl�y latao or Inaccur�to Informnllon or atotcmcnta to Lcndcr (or , �' �
<br /> I fallod to provlda Lender with any matarlal Infortnatlon) in eonneclion with tho lonn ovldenced by tho Noto, Includlnp, but not ' � R�
<br /> I!ml4ed to, repreetntatlonn conceminp Bortower'e occupnncy o1 Iho Property ao a principal resldenco. I} this Secu�lry � I r����
<br /> Inatrumont 13 on a Ienoeho!d,Borrnwer ohall compty with all lho provlalona o1 thu Ienae. II Bortower ncqu!ras too titta to tho � f �P��,�
<br /> PropeRy,tha Ica;,cho:d end tho te3 1�Ite she!! not m^_rge untese LenAer agreon to the merQer In wdllnfl. �� I :�°•'�"
<br /> � 7. F�►otoGtlon of Le�nder'e REghts In th� Prop�rty. If eortower feNs to perform the covonante end ngroemente � I „ , "
<br /> contalnc� In thla S:cutiPf InnNtmcnt, or thera Is n IR�sI pror.eedln� thnt may algnillcanity a(loct LQnder'e rl�hte In the Proporry � '��
<br /> {auch aa e proceedinp In banlwptcy, prob�te,ior condemnntlan or torleiture or to entorce lawa or repulatlone),then Lender may I
<br /> " do and pay tor whatever Is necessay to p;atect tha valuo o}lha Propetty and Lender's dghte In th�l�roperry. Lender'a actlona I ��
<br /> may Includa paying any aums secured by a Ilen whlch hae prlottty over thls Secu�ity Inatrument, uppearin� in couA, paylnq �
<br /> reaaannble sttomeya' fees a�d entednq on the Property to mako re{�alrs. Although Lender may take actlon under this paragraph �
<br /> , 7,Lender dosa nat havo to do so. � �
<br /> My emounta disburaed by Lender under paragraph 7 shull bmcama 1ddiUonal debt of Bartower socurod by thls Security I „ �
<br /> Instrument. Unless Borrowsr and Lcndcr ugreo to othar terms at payment, those emounts eheli bear Interest from the date o1
<br /> disbursement et the Nota rate and ehell ba payabte,with Interest,upon noUce from Lender to Bortower requestinp payment. ,S• �
<br /> 8. Mortgage Ineuraneo. If Lender requlred mortgage lnsurance an a conditlon of making the loan secured by thls � ;��
<br /> Secudty Instrument, Bortower shell pay tho premlums requlred to malnteln the mortgage Inau�an�e In eftect. It,tor eny reason, lhe I
<br /> mortgage Insuranae coverage reguired by Lender Inpses or ceases to be In eftect, Borrovrer ehall Fay thv premlums reaulred to .
<br /> obtaln coverage substanlially equlvalent to the moRgage Insurance prevlouaty in oHect, at e cost substantlally equlvalent to the �
<br /> cost to Borrower of the morlpage insurenco praviousty in ettect, fram en aftemate murtgape insurer approved by Lender. II
<br /> substanUally equivalent muRgage tnsurance coverage Is not nvaltable, Bortower ahali pay to Lender each month e sum equal to �. .
<br /> one-hvelfth of the yeurtyr mortgago Insurance premium being pald by Borrower when the Inauranco coverage lapaed or ceased to -
<br /> be In ottect. Lender will accept, use and reteln thesa payments eo a loss reserve In tieu o1 mortgape Insurance. Losa raserve I ..
<br /> payments may no longer be requlred, at the option of Lender,If mortgecgo insurance coverage(fn the amoun4 end for the perlod .' '' � -
<br /> that Lender requires) provlded by an insurer approved by Lender ag¢In bocames available and Is obtalnod. Bortower shall pay . � �
<br /> tho premiuma re�ulred to maNtaln mortgage insurance In ettect, or to provlde a loss reserve,unGl the requlrement tor mortgage
<br /> Inaurance ends In accordanee with eny wrilten agreement bohveen Borrower and L¢nder or appticablo law.
<br /> . � � 9. (t18p8Ct1oP1. Lend�r or fts agent may make reasonabla ent�tes upon and hispecllone of the Property. Lender shail gNe _
<br /> � Borrov►er notice et the timo of or prior to m► Inspection specitying reasonable cauae for the Inspectlon. „ •. ••
<br /> 10. Condemnatlon.The proceeds of nny eward or clalm for damages, diroct or conaequentlal, in connectian wllh any
<br /> condemnatlon or other taktng ot any part of the Property, or tor conveyence In Ileu of condemnatlon, are hereby asalgned end � .,� �•
<br /> ahell be pald to Lender. � ��'`- —
<br /> In the event of a totel tak(ng a1 ihe Property, the proceeds ahnll bo applled to the aums secured by thla Securily ���
<br /> instn,mpnt. v�hether or not then due, wlth nnv excess pald to Bortower. In tho event of a pertial teking of tho Property in whlch � �� --
<br /> the feir market value of the Property Immediately betore the taking Is equal to or yreater then the nmount of the aums secured �`�� ;
<br /> by this �ecurity Instrumant Immedlately before the taking, unlesa Borrower and Lender otherwise agree fn wriUng, the sums � ' �"•
<br /> secured by thls Security InsWment shell be reduced by the amount of the proceeds multlplled by the fallowing fracUon: (a) the I + �� •
<br /> total emount ot the sums seared Immedlatey betore the tsking, divided by (b) the feir market vaiue of the Properly immedtatety i
<br /> betare the taking.My balance shall be pald to Bortower. In the event af e pertial tsking of the Property in whlch the falr markat ,.
<br /> vaiue of the Properly Immedletety befare the taking lu less thnn the amount o}the sums secured Immediately before the teking, �
<br /> unless 8ortower and Lender otherwise agreo in writing or uniess applicable taw otherwfse provldes, the proceeds ahall be �• � • ,
<br /> applied to tho aums secured by this Secudy Instrument whether or not the sums ere ihen due.
<br /> it the Property Is absndoned by Bortower, or ff,after notice by Lender to Bortower thnt the condemnor otfere to meke an - •
<br /> award or settle a claim tor demages, Borror�er isils to respond to Lender wRhln 30 days etter the date the notice la given, I � � �
<br /> Lender la authorized to collect and appty tho proceeds, at its opUon, either to restoreUon or repalr o1 the Property or to the l „ -;
<br /> sums securod by this 3ecuNry Instrument,whether or not then due. � ,
<br /> Unless Lender and Bortower othenvlse agres in writing, any app�catlon of proceeds to pdncipal shnll not extend or !
<br /> s postpona tho due date of tha monthly pnyments roterred to In paragrophs t and 2 or change the emaunt of such puyments. ' 'y �*
<br /> ; 11. Borrower Not Releassal; Forbearance By Lender Not e Welver.Extension of the tlmo for payment or ; . . e����-g���
<br /> ImodHicaUon af amortlzatlon of the aums secured by thls 9ecurfty Instrument granted by Lender to any successor in Interest ot �"
<br /> I Borrower shali not opetate to release the IlabWty of the original Borrower or Borrower's successora In Interest. Lender shafl not , ;�
<br /> be requlred to commence proceedings apeinst any successor In interest or refuse to extend time tor Nayrnent or otherwlse ;,, •.
<br /> modily amo►tizaUon of the sums socured by thiE Socurity Instrumont by reason of nny demand made by the adg(nal Bortower or � ��
<br /> Dorrower's successore In inierest. Any forbearance by Lender In exerclsing eny right or remedy ahall not be a waiver of or '` n '�!I
<br /> . , preclude the exerclae of any dght or remady. ; !,• � :
<br /> 12. Succeasors and l�esigna Bound; Jotnt and Several Liebility; Co-signers.Tne covenants end ,; ;�I�
<br /> agreements ot thls Security Instrument sheA bind nnd benefit the ouccessors and asstgns of Lender and BoROwer, subJect to tho ' ' ,'r/
<br /> provislons of paragrnph 17. Bor►ower's covenants nnd ogreements shall be Jolnt and severel. My Borrower who caslgns thls �{h' , :t �
<br /> Secudty Instrument but does not executa the Note: (e) Is co-sigMng thls Security Instrument onty to mortgage,gmnt end convey �' •
<br /> that Bortower's Interest In the Properry under tho terms of this Security Instrument; (b) is not personally oblignted to pay the <:>..,•
<br /> sums secured by this Securiry Insirument: and (c) agraes that Lender and nny other Borcower may aflrr,e to extond, modify, ' :'•
<br /> forbear or mako any eccommodaUons with regard to the terms o1 thls Secvrity Instrument or the Note without thet Bortower's •�
<br /> , conscnt. p
<br /> 13. Loan Charges. If tho lonn secured by this Security Instrument is subJect to n law which sets maximum Ioen
<br /> charpes, and that law Is finally Interpreted so that the interost or other loan cherges collected or to bo collected In conne�tion �'
<br /> with the Inan oxceod the permitted Iimits,then: (n) nny such loan churgo shali bo reduced by tha amount necessary to reduco . . �.
<br /> iho chargo to tho permitted IImR; and(b) nny sums already collected from Borrower whlch oxcecded pertnitted Iimfts will be _
<br /> rofunded to Borrower. Lender may choose to mako this rafund by redudng the princlpal owed under the Note or by meking a
<br /> direct payment to Bortower. If a refund reducos prindpal, the reduction wfll be treated us n pnrti�l prepayment without any
<br /> prepayment churgo under tho Note. �
<br /> 14. NOtIC68.Any noUco to Borrawer p�ovidad tor In this Securiry Instrument shall bo piven by delivering it or by mailing ft ;
<br /> by frat clnss mail unless applicnblo law requlres uso of another method. Tho notica shall be directed to tho Property Addres� `yl �
<br /> _... . ...�_. ..u...ee a.....,,., .am ..ofea h� .,�f��u tn �a,.�o. e�.. .,fi,.o *.. �o..ao, atisu � .,i.,e.. ti.. c.e• .asee ...e�� �., !
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<br /> Lender's address stnted hercin or any ather nddress Lender designntes by notice to BoROwer. Any notico provided for In this ` : � �
<br /> Seeurity Instrument shnll bo daemcd to hnvo bQen glven to Bomower or Lender when given us provided In this parngmph. ; �
<br /> 1S. Governing l.aw; S8v6Yeblli4y. Thls Security Instrument shell be govemed by fedeml law and the law o1 tho
<br /> Ju�isdiction In whlch tha Property Is located. In the event that any provlsion or clnusa of this Security InsUument or the Noto
<br /> conAlcts with appliwblo law,such conflict�ha;i not uftect othc:provislons of thls Securfty Insirument or the Note which can be !
<br /> given oitect wilhout ihe con0lcting provfslon. To thls end tho provisfons of this Security InsUVmcnt and tha Note aro declnrad to ,
<br /> , I bo ooverublo. ,
<br /> I16. 6061'OVVet''8 COpy. 6orrowrr shall bo gNen one confortned copy oi the Note and oi this Security Instrument.
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