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<br /> " f. t�pa4oc4i�� oY l,o�c[�ea'o �il�Sa�a In 4Ha PpopePT�. I}DotraelCt Palb to pc�Porm ihD Covcnnnl0 Cnd u�jFi:�rn�nta cant�InCd tn • �i�„
<br /> thb 8�au+�iy IncQruriicnf, or ih�ro 1�o [�g�l procc�dLip thot n�y nignt(lcantP/ qfPCnt Lcndcr'c rl3hla!n tho Proper4y (nuch na n �rocc�rl�p(n . "•*'
<br /> '� bankruptoy,probat�,far cand�mnatlon or PoA�ttuw or to cntor��ut•io or rc�ul�ticrzo},thcn�cnd��msy do and pay for tivhotcvcr 1�nccc��ery , ��^"
<br /> ry�-,
<br /> ' to protoot the value ot tho Property and 6.ender'e riphte h the Prope�ty. Lendere eotlane may Inalude peylnp any euma cecured by e tbn • .
<br /> whbh ha8 prbrtty over thl� SeCUrfty InaWmenF, nppesr'np In couA,p4ying eeasonabb attomoy'e foes end ontorind on tho Properiy to mo.ko , -
<br /> ropaka. A%houph Lsnder may leko flatbn und�r thl�pQrnpreQh 7, Lendar does nut hnva to do ao. „
<br /> My pmounts diabursod by landor undm thia paroprpph 7 ahail bocom0 ndditlonal debt of Borrovior aecurod by thls Securiry Inslrument. ____
<br />= Un�ess Borrower and Londer eyree to olher terms of payment,these amounte shall bear Interost Irom Iho date o1 �iisburoomer�l nt tho Note .
<br /> • mto and ohnll b�payab:o,with Intarost,upon not�o from Lender to Borrowor roquostinp payment. N =i�
<br /> ` 8. Mortgage Insnrenoe. If Londor requUOd mortpape lnauranca ae n conditlon ot mnkin� tha Ionn cecurorl by thls 8ecu6by ,� .__
<br /> InsWment, 8orrower eha�pay the premtums requlred to mnNtein tha moRgage Insurance N efteat.II, tar nny reason, the mortpage Insurance � • ;
<br /> "„ coverape requked by Londot Ispsos or ceasos to be rt� ettoot, Bortowor shaif pay Iho pramlums roquirod lo obtnln coverage substantinity „ ,+=�
<br /> � equNntent to the mortgege Insuranco prevlousty In e(fect,ot e aost substantktlry equlvalent to tho cost:o Barcower o1 tho mortpage kisuranG6 • �'�
<br /> prevlousry In eNect. from an oRomnte mortpapo Insurer approved by L.ander. If substanttally equF+atent mortgape insurance covarepe Is not , ,r„�,
<br /> nvailable, Bortawer shail pny to lender oech month a sum aqual to on�twaHth of tho yoerty niortgnge Insurnnce premium beinp puld by • +�
<br /> Bortovlcr v�hcn ths Insurance ooveraQo I�sed or ceasod to be fn AHoct. Londer wifl a�cept, uae flnd rutaln those pnyments ao n loss -'�-•
<br /> raserve h Iieu of mortgaye fnsurance. Losa reserve peymento may no bnper be roqulred, at the option oi Lendor, If mortgeflo Insurence �?I�
<br /> covange(In the amount end lar tho parbd that Lender requYes)provided by an Insurer epproved by lender aflain becomos avutlabla nnd ts � • •
<br /> obtelned. Borrowor sha0 pay the pramtums roqukad to mahYain mortpnfle heurance In oltect, or to provido a loss roservo, untll tho ��.
<br /> roquiromant tor mortpege Insumnco onds In nccordanco with any written agreement behvoen Bortowor and Lendar or nppl�abb law. �
<br /> 9. Inapectlon. Lander or ite egent mey make reasonsbfa enVies upon und Inspections af tho Property. Lender shall glve Borcower I ` ,, °,�
<br /> not�Cn at the time ol or prior to nn Nspoction specltying reasonable causo(or the fncpection. j ` •""'`
<br /> 10. Condemnatlon. The proceeds ot any nward or olalm (or damage3, direct or aonsequentlal, In connootlon with er�y � _. -, q
<br /> � oondemnatlon or other tekhg of any part ot the Properly, or for conveynnca in f9u ot candamnation, nre hereby assigned antl ehall be pald � . -�T:
<br /> ,.a�•,
<br /> to Lender. • -
<br /> in the event of e total taking of the Property,the proceeds ahnll be aAP11ed to tho sums socured by this Security Instrument,whether or " ,. �=-
<br /> � not then due,with any excass pald to Borrower. In tho event ot n part01 taklnp of tho Proporty In whbh the}alr market value of tho Proporty "' , -�"
<br /> Immediatey betore the takhg Is equul to or flruater than the amount of tho sums socured by this Security Instrument knmediately before the "_
<br /> e, • � taking, unless Borrower and Londur othorwlse ngree te�writ►ng, tho sums secured by thls Security Instrument shall be reduced by tho nmount �
<br /> of the procoeds muftiplied by the tollowinp traot(on: (o)the toteil amount of the sums secured Immedlatety beforo the taktng,dNided by (b)tho �i••
<br /> tak market valus of the Property knmediatery bafore the takinp. My balance shali be petd to Bortowor.In the event of a partiel taking of the �Tr
<br /> _ Property In whiah the fuk ma�tcot velue ot the Property Immedlatey betoro the taking fs Ies3 than the amount of the sums secured Immediately �
<br /> befora the taking, unless Bortower and Lendar otherwise egree In writing or uniess appl�able law othorwlse provldes, the proceeds shali be .,�s�'��_ -
<br /> � gpplied to thu sums secured by this Security Instrument whother or not the sums are then due. ,'-:�
<br /> ____,_, __ If tho Property IS sbandoned by BoROwer, or If,after not�e by Lender to Borrower that the condemnor oHers to make en awnrd or settlo - �� ���
<br /> ` ^� a clalm tor damages,Bortower falis to respond to Lender within 30 days after the tlate tne notico is given, Lender is auinorimd io coiieci nnd � y�
<br /> �� epply tho procoads,et fte optlon, efther to restoratlon or repair of the Property or to the sums secured by this Security Instrument,whether � •
<br /> " or not then due. ��
<br /> Unless Lender nnd 8orrower othenvise agree In writing, any oppl�atlon of proceeds to princlpal shall not extend or postpone the due . q
<br /> � date oi the monthty payments roferted to In paragrephs 1 and 2 or chango the amount of such peymants. • �',s '
<br /> 11. Borrowe� Plot Reteased: Forbearance By Lender Not e Wefver. Extenebn or the nme tor payment or
<br /> ' � modlfk:atlon of amortimtlon oi the sums secured by this Socurity Inawment granted by Lender to eny successor in Interest of Borrower sha0 ; "t�
<br /> � not oparate to release the Ilabllity of the orlginal Bonowar or Borrower's suCCessors In Interest. Lender shell not be requlred to commenCe '. 4
<br /> proceedhgs eguinst eny successor In hterest or refuse to extend time tor payment or othe►wise modtty amortlzatlon of the oums secured by i •�/� '
<br /> this Security InsWment by reason o} nny domand made by the origlnnl Borrower or Bortowers euccestsor3 tn fnterost. Any (orbenrance by ,.
<br /> �.
<br /> , Lender(n exerC(Shg any right or remedy Shan not be a waiver of or preclud0 the oxercise ot any right or remedy. �
<br /> 12. 5uccessors end Assigna Bound; Joint and Several Liabllity; Co-signers. rne covenpnts e�d agreements oi i '��'>��•,
<br /> ' thls SoCUriry Instrument ehnll bad nnd bonefd the successors and assigns of Lender and Bartower, subJect to the provlsions of paregreph -�� � '��
<br /> 17. Borrowors covenants end agreements shall be Jolnt a.nd soveral. My Borcower who co•signs this Securfty Instrument but does not � �
<br /> execute the Note: (a)Is co-signfng thts Security Instrument onry to mortpege,prent,and convey that Borrowers Interest (n the Property under � 3
<br /> the terms ot this Security Instrumenh (b)Is not personely obligaled to pay the 9ums secured by this Security Instrum9nt: and(c)agrees that ' � '
<br /> Lender and eny othor Borcower mny egree ta oxtend, modity, tarbenr or make any accommodatlons v�ith regard to terms of this Security t' :t
<br /> Instrumont or the Note w�hout that Borrowers consent. ��
<br /> .�.
<br /> 13. Laen Chargos. If the lonn sacured by thls Sacurity InsWment Is subJect to a law wh�h sets mattlmum loan cherges,and thqt ;�
<br />_ ' law Is f6inly tntorpreted eo that the Interest or other loan cherfles Coileotad or to be couected fn connactlon with the loen exceed the ••�,
<br /> permltted ifmits, then;(a)any such loan charges shall be reduced by the amount necessary to reduce tho cherge to the permttted IMiC and �
<br />�i (b)any sums nlroady aollected fram Borrower whbh exceeded pertnitted ilmks wtll bo re(unded to Bortower. Londer may Chooso to make
<br />� this rofund by reducfng the princfpal owed under tho Note or by making a direct peyment to Borrower. If n relund reducos princlpnl, the
<br /> � reduction wlll bo treated as a parttal ptepeyment wlthout any propeyment cherge under the(Vote.
<br /> 14. N011C89. Any not�o to Bortower provided tor in this Sacurity instrument shell be piven by dollvering it or by mafling it by firsl
<br /> , class matl unbss npplbable Iaw roquires uso of another method. Tho not�o shell be dtrected to Ihe Property Address or ctny other address
<br /> Borrower deslgnatos by notfco to Londor. My notice lo Lender shall be gNon by ttrst class meu to Lender's eddress stated herefn or eny
<br /> � other address Lender deslpnetos by not�e to Bonower. My not�ce provided (ar In this Security Instrument shali be deemed to have boen '
<br />- • gNen to Borrowor or Londor when pivon¢s provided in thls paragrnph.
<br /> 15. Qoverning Lew;Severabllity. This Socurity Instrument shttll bo govomed by fodarai ksw and the law of the Jurfsdtcllon tn
<br /> wh�h the Property Is Iocated. In tho event thnt any provisbn or clauso of thls Socurity Instrument or the Note contltcts with epplicnbte Ww,
<br /> �-- such confl�t shail not effect othor provtslans of tAis Securfty Inswmont or the Noto whlch can be gken eftect wfthout the conflicting
<br /> provision. To thls ond th0 provlstons of lhts Socurity Instfument and tho Note aro doclared to bo soverabb.
<br /> 1�. Borrower's Copy. Borrowor shall bo gNen ono conformod copy of tho Noto and of thls Security Instrument.
<br /> 17. TransiQr of the Property or o Beneflctal Interest In �orrower. If ttll or nny part of the Property or any inlerest In
<br />-- -- » �a a.,w .,r tron�tnmd tor it u honnficL�l Intnrost In Borrownr is sold or Vnnstnm�d nnd Bortower Is not n natur&I person) wiihout Lender's
<br /> - — : - .. _ __�- _. -- - - - • �
<br /> � prior tivn'tton consent,Lender mny, et 8s option, requke Immedtate payment h full of nll sums soCUrod by thls Socurity Instrumont. Hp�vevor,
<br /> � thta option shail not Go oxercisod by Londor N oxsrctse is prohR�fted by fodeml law as of the dato oi tht;Security Instrument.
<br /> � I If Lander exorcisos thls optton,Lond3r shaU ghro BoRO�ver nottco of accolemtton.Tho notice shall provids a portod af not less then 30
<br /> • i days Gom tho duto tho notl�o is dolirorod or muilod ��Ithin whVch tho Bortowor must pay nfi sums socurod by this Socurity Instrument. It
<br /> Borrowor falis to pay theso sums prlor to tho exptration o}thls poriod,Londor may lnvako any rompdios pormitiod by th(s Socurity Instrumenl
<br /> �vithout further notbco or demand on Borcowor.
<br /> r
<br /> - Pap�J of 6 Form 903D ONO
<br /> Ft070.LM0(10/8��
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<br /> 72
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