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<br /> • Borrower mey cure sueh a de!oult and relnstste, es prov(ded In parapraph 1B, by causing the uctlon or proceedinp to bo „ ,, . ' -`
<br /> � d!�misecd wlih a nel'np that, In Lender'o pood faith detenninnilan, prec!ude�fode{ture oi Iho Borrowcr'�Interast in tho Property or _
<br /> . " other rn�terlal Impal�r��ent o1 tho li�n crc�ated by thls Sccu�y Instmr�icn4 or Lcndcr'�r aecuriy IntErwt. Dorrowcr nhn!I nloo�o In -
<br /> detauit II Borrowev, during tha loen applicatlon process,g�ve rtsAterf�ay tslse or Inaccurata Inform.atlon ar at�atemente to Lendar(ar .
<br /> - , t�Aed to provlda Lender wHh �ny materl�I IntortnaUon) In eonnection wlth the lo�n avldenced 6y the Nots, Includlny, bul not • , ,
<br /> " IimRed to, represent�tiona concaning Elorrower'a occupmcy of the Properlq aa e pdncipel re�ldence. If thle Racurtry � • ��
<br /> InsUumenl la on• leeaehotd, BorroHer ehsll compy wKh �N the provlslona ot the le�ee. II Bortower acqulraa lee title to th� ! . �-
<br /> ' � Property,the leaaehold md the fee tttte shsM not mxge unlees Lender agrees ro the merpx !n w�11ng. (J� I � :�:�s.`;�_
<br /> 7. Ps�te�tl�n o1�ndAr'e f�ight� In th�Prop�rty►. II eorrower tella to penarm the covenenta and apreement g
<br /> �• �. contalncd In thb Sacurtty Inswment, ot there la � leg�t proceedk�g th�t rruty sipnlAcantly ettec! Lenda'e dghta In the Props�� •. . :::�,.4,
<br /> �� _°' (euch �a a procoedhp In l�nlwptcy, probate, for candemnation or toHekuro or to entorce laws or re9uktlona), then 4a�der rrNy � � r' ~•,-.
<br /> do and pay tor whetave►le necess�ry to protact the vdue of the Propely snd Lender's dghts In the Property. Lendx'e ac+Jone � .• .� r'� `
<br /> r- nHy Include paying eny euma secured by a Nen which hes priorfty over thla Secudty In�trument, ippe�rk►g In court, p�ylnp � , �',,�_
<br /> ,�•T'�'�' reason�ble�ttameye'teea�nd entering on the Property to make repeiro.Atchough LendK may t�ke action under thia parapnph � �
<br />� 7,Lmder doe�not h�ve to do ao. • "�'`
<br /> My emounte dis4urootl by Lender under paragroph 7 ahall become addfHond debt ot Bortower secured by this Securfry " °=t"<'`'`y
<br /> �- In�trument. Unless Borrower �nd Lenda agroe to otha terms o1 paymant, lhese amounte shaN bear(rttoreat hom the drte o} „ ,, �;'�`":'=
<br />_ _ I disbursement ot the N�te rate end aheN be payable,wRh Interest,upon notice hom Lenda to Dartowsr requesNng payme�ri. �`f�{`�� `
<br /> 1 n.u..nn� i_ �.'a:4•'i•,�,;-
<br /> 9. Mort���e I.._.. _._ . !t L!!tder reG!I�ed mnrtpage Inaur�!nce t±e !! MndNlnn ot m.k�+��hw in.n Ran,r� hy thls �-?�':-�=�d'-��_.
<br /> 3ecurity Instrument. Borrower ehaN pay the premluma raquired to malntaln the mortgage Inaurance In eftect. If,for any reason,the , .:.:Y�,;�^�`,�'�,j�;�
<br /> . mortgage insurenca coverege requlred by Lcnder lapses or ceasea to be in effect, Bortowes ahaH psy the premlums requirod to ,.,;:-�---
<br /> obtatn coverage aubstanUiHy equiratent to the mortgage Inaurence prevlousy in etfect, �t a coat subatantlaay equlvalent to the `>>t'y'yy=���`s"""
<br /> .�, cost to Bortower o1 the mottgage Insurance prevlously In eHect irom an aftemete mortpage Inserer epproved by Lender. It ='�`"'�^��_-'4-�_
<br /> - „ substanUafiy equMalmt mortga9e (nsu►ance covereye is not a�ailahle, 8urrawer sheU p�y to L�ttd�r c�ch Ranth a�um cqual to ��"=�==" °---
<br /> one-Mrelfth of the yeerly mort e Insu�ancn remlum bein ald b Borrower whm the insumnce covera e la aed or ce�sed to ��"�^y�=
<br /> � 9i9 P 8 P Y 9 P �;��.':,;��__..
<br /> .••+y be In eNect. LMder will ar,cept, use end reUin these paymente ns a loss reserve In Ileu o1 modgago Insurnnce. Loas roaerve . . ..
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<br /> ,::�•� payments may no fongar ba required, at the opUon of Lender, If mortga�e Insurance coverege pn ihe amount end for the periad {• ";'�`.'!`�"�:��:sr
<br /> ,�;; • • lhat Lender requkes)provided by an Insurer approved by Lender agaln becomos avallable and la obtdned. Bortower sheN pay ' ::,?;;�. � �
<br /> � ' ". the premtums requireo m maintein mortgago inauran�ti��� &iiia:�, Gi i4 N�uviun n IGSb io6Eii6, tiilYl tiio��yU��CTi�D:�CT i��i:�:.$a -- ' --'�+�..iv:r�"'-
<br /> Iraurance enda In accordence with sny w�itten agreement between Bortower and Lender or appHcable law. `''��-�
<br /> `,����'� 9.Insp�ctlon. Lender oe iis agent may make reasoneble entrles upon end InspecUona of the Propaty. Lender sheN ghre ��`' )�'•-
<br /> . �� Bortower noUce at the i'me of or pdor to an Inspectlon speat�rfng re�son�ble cauae(or tha Inspectlon. -�};���'.,_
<br />' . mu. 10. Condamnati3un.'fhe proaeeds of eny award or cialm for damages, dlrect or consequentid, In cannectlon wlth eny •..�,::�....:���-
<br /> 'z condemnaUon or ather takin of en pert of the Pro or for conveyanco In Ileu of condemneUon,ere herehy essf ed end � ;':°""""—
<br /> 9 Y Pe►tY• 9� .'ti':�`;.;.., �:.,
<br />: shaA ba paid to Lender. ' ,a• .
<br /> In the event oi a total taking of ihe Property, the proceeds shail bs appiled ro the sums saeured by this �curity f� •'_Y���
<br /> �(:. Instrumeni,whe,ther or nat then due, wfth any excesa pald to Bortower. In the avent of a parttat takinp of lhe Property In wnlct+ r .�,
<br /> the falr market velue of the Property tmmedlately before the tuking Is equal to or greater than the smount of tho sume secured E �
<br /> ' by thla Securtty Instrument immediately before the taking, unless BoROwer and Lender otherwise agree in wriUng, the suma }�",."'�`,...,,...�ti
<br /> secured by thls Security Inst►ument sheil be reduced by the amount of tho proceeda muttlplied by the following frection: (e) the ;. �!� ;•,,
<br /> " toUl amount of the sums secured Immediately betora the taking, divided by (b) the feir market value of the Property Immodistely '� '•� #:x
<br /> . , beforo the teking.a4ny baiance shall be pa�d to Borrower. In the event of a partlat taking of the Properiy In which thA felr marfcet . �1�
<br /> � value o1 the PropMy immediately beforo the taking is less than the amouat of the sums secured immedtt�tely before the teking, �,, • i �
<br /> „ unless Bortower and Lender othervriae agree In w�iting or unlesa appNcable law otherwise provldes, the proceeda aheU be . ,.
<br /> •• a�upNed tn the suma secured by this Secudry Instrumant whether or not the aums are then due.
<br />' 11 the Property b abindoned by Borrower, or ff, after notice by Lender to Borrower that tho condemnor atters to make an
<br /> • awerd or setde e clelm for dunages, Borrower fatta to respond to Ler!der within 30 days after the date the nottce la given, - - �
<br />� Lender Is authodzed to collect and appy the proceeds, at its optlon, eilher to restoretlon or repflfr of the Property or to tha ��• ��
<br />- suma aecured by thls Secudty InsVUment, whether or not then due, :�� ' ,
<br /> Unless Lender nnd Borrower otherwlae agrce in writing, any applicatlon of proceeds ta prfnclpal shnll not extend or � • , ��;_,fy�
<br /> pootpone the due deta of the mqnthry payments refe►red to In paragraphs 1 ond 2 or change the nmount of such pnyments. , '��+�^^--
<br />= 11. Bo�rower �lot Rs1A�sod; For6earancs By Lender Nat a Walvsr. Exteneion ot the nme tor peyment or ;.:�^h�•
<br />_ '� modHicetlon of emorlizaUon ot the sutns secured by this Security Instrument grented by Lender to any auccessor In Interest ot � �
<br />- BoROwer shaU not operate to rNease tAe IfabAiry ot the original BoROwer or Borroww's succeasors in Interest. Lender shall not I '
<br />__ �' be requlred to commence proceedings aga,nst any successor in interost or refuse to extend Ume for payment or otherwlse � :
<br /> • � . modlty amortizatlon o}the eums secured by thls Socurtty Instrumcnt by rcason ot any dcmnnd made by the orlglnal Borrower or � '��
<br />- ' BoROwer'a suceessots in intereat. My forbearance by Lender In oxerclsing nny dght or remedy �hall not be a welver o( or ��
<br /> ,}' � prnr.tude the nxerNse ot eny dght or remedy. � � � -
<br /> ., �' 12. Succ�ssora and Asslgns Bound; Joint and Sevoral Llablllty; C�signare.The covenante and ;
<br />- '� agreements af thla Secutity InaLUment shall bind and benoflt the succeseors end asstgns ot Lender and Borrower,subJeat to the • '
<br /> provisions of petagreph 17. Borrower's cove�iante nnd agreements ahall be�olnt and severel. My 8orrawer who co•signs this �
<br /> ,� Sacurity Inshument but daes not execute the Note; (a)Is co•signing thls Secarity Instrument only to mortgage, grant and convey �
<br /> thet BorroNer's Interest in the Property und�r the tertna of thls Security Inatrument; (b) Is nat personaVy obligated to pay the '
<br />- sums secured by this 3ecudty Instrument; end (c) agrees that Le��der and any other Barrower may agree ta extend, mod�ty,
<br /> fo�'oe�r or melce any accommadatlons wlth regard to iho tertns of this Securiry Instrument or the Note wlthout thst Borrower's
<br /> ° � consent. •
<br />� " 13. Loan Charge�. It the loen secured by thls Socur(ry Instrument Ia subJect to a law whtch set� maximum loan
<br />- , chnrges, end that law Is Gnalty interpreted so thet the Interest or othor loan charges collected or to be collected in connectiun
<br /> - with the loan exceecl the permitted limfts, then: (a) eny such loan cherge shall be reduced by the smount necessary to reduco • .
<br /> - the charge to the permlttod Iimlt; end (b) any suma already collected from Bartower which exceeded permikted Ilmits will be
<br /> refunded to Bortower. Lender may choose to make this retund by reducing tho princtpal owed under the Noto or by making a
<br /> . direct payment to Borrnwer. If a retund reduces pHnclpal, the reduction wGi be treated es a pertial prepayment without any
<br /> _ .''' prepayment charge under the Note.
<br /> 14. Noticsa.My notice to Borcower provlded for In ihis Secudty InsUument shsli be given by dellvering It or by mall{ng it
<br /> '-'�-�'' hv t'ust daaa m�Il wlesa enn�rable law reaulres use of nnother method. Tho natice shaN be direated to the Pronertv Address __ ..
<br />_ " r� I or eny other addreas Bortower deslgnetes by notice to Lender. My notica to Lender shnil bo given by first ciass mall to
<br />-_ . ,� � Lender's address steted hereln or any other address Lertder deslgnatea by notice to Borrower. My notice provided for In thts
<br /> __ _ , ,. Secumy inatnimr�nf 9hp�1 be dee!rted [��heve bcsn gksn to IIorratre;or Lendcr wncn given ss providatl in ihl�parsg�ph. °
<br /> - � � 15. GOVUntng Law; Seve►abil(ty. This Security Instrument shell ba govMned by iederal inw m�d tho law ot tho
<br /> -- „ , J��risdittion in which the Property Is locnted. In tho event thet any provision or ciause oi this Socudry Instrument or the Note
<br /> � •� coniticts with applica6le law, such conllict ahall not attect other provislone of this Securiry�nstrument or the Nota which cnn be
<br />� given eflect withouE Iho conftiding provlslon.To tNls end tho provlslons of thls Socurity Instniment and tho Noto are dactared to
<br /> be severeble.
<br /> 18. Borrowor's Copy. BortnNer chall bo gwen ono conlormed copy oi the Nate and ot this Security Instrument.
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