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<br /> ` ` � .� 8orrowi�r muy cure :uch n delaall ��nd rein3lnle, es provided �n pnm�rnph 1�, by causing I e netion or proceadm�� In ho ` .�,
<br /> ' ' d�sml�ned with a nilin� Ilial, In Lcndr,r's r{ood lallh delr_tnunatlon. prechides �orlcituru ol Ihe Borrmve�s hrierust in Ihc Propcity ui t
<br /> other mal�:rinl Impalrmenl 01 Iho hun crenl�d by�hir� Sf-'cuuly Insl�umcN o� Lender s :,F�cunly �:ilae:;i Hoirowcr ;;hall alsu ht� m
<br /> detnull it FJt��rowCr,dutin� lhu lonn npphenUon procuss {�am matennlly I,d�,e ur innccurdu mlot�nahun ur :�Ini��nicnl� lu lenilr� (ui
<br /> lallad to prov�du Lender �viU� nny matednl intorm�imn) m eaunucUon wdh lhe lonn widwic�rd hy ihe Noto mcluduig Gut nul
<br /> Ilmllud to. reptesonlationa conc�rnfng Borroweis actupi�ncy ul Iho Froperty u� n pnt�cipal rusidiucn II tlu5 tiecunly
<br />'� Instrumcnl is ori n leasohold, 6orrower shnll compry wmi ull Ihu provisions ol tho Ieas�� II Do�rowur acyuu�s leu tuh: w the +
<br /> Properiy. lho Icasehold and lho leo Iltla shall nol nicige uNnss Lcndu� npruos to U�o mcr{�cr m wnIII1tJ
<br /> � ' 7. Protection o4 Lender's Rlghts In thB Ptope/ty. It Horrowcr lalls Io pertorm tha covr.nunls and agrecmuniti
<br /> contninnd In Ihls Socurity Inspumm�t, or lhero Is a IcQal proccoding Iliat mny siqnllic�ntty a114c1 Lendor's nglits m Ihc Propc�ty
<br /> (such us a proceedlnfl In Lankruptcy, ptobato, lar condemnotwn or lu�teituto or lo cnforco law::or rapulatlons�. then Lencfe� �»��y
<br /> .. ,, do �nd pny lor whntover le neaossary to protuct iho vralue o1 tho Property and Londer'a dghl� In Iho Property. Lender's nctluns _
<br /> mny Include pnyln� nny 3umo securod by n Ilen whioh hc�s priodty over thls Socurity InslrumeM, appcaring In court. puy�n(�
<br /> reasonnbla nitorneys' fees nnd entedng on tho Prope�ty lo mako repalrs Although Londer may Inko action undcr Ihis pnrngraph ,_
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<br />- --- 7. Lendcr doos not havo to do so.
<br /> ,4 Any amounis disbursed by Lender under pn�ngmph 7 ehall becomo ndditfannl debt ol 6onuwer secured by this Securdy �,.,
<br /> " Insirumont Unlass Borrower and Lender agrca to olher lerne o1 paymont. lhe:,A mnounts sha�bear interest Irom the datu o� -
<br /> disbursernent at Iho Nota rate end shall be payebla.wiYh Nterest, upon notico tram lendm lo Boirower requestiny paymcnl _
<br /> 0. MOt'fig8ye Insurance. II Lnnder requlred mortgagv Inauranco us a r.onditlon of nwiking tlio lonn seeured by lliis _
<br /> '. Securiry Instrument. Borrowor shall pny the premiums requlred to mnlntaln tho mortg�ge insurance in eifect II, lor any reason. ihe _,
<br /> mortga�o insurunco coveraga requlred by Lender lapses or ceases to be in otloct. Borrower sh�ll piry the prem�umy ruyu�ied to _
<br /> . •„ , obtaln covemge substantially equivale�t to Ihe mortgagc insurance previously m attr.cl. f�t .� r.usl �ubstrmUally eyurval�nl ro Iha �
<br /> �f'^'"%' cosl to Bonowe� of the mortgage insuranco pre�lousty n etlecl. Irom nn alternata mortgay�msurar approved hy Lend�:i u
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<br />-==��,s��._._,. substantially equNalent mortgage fnsuranco covera�els noY °ald�b1eBonower when theyin urancaecoverage/apsed urnce sed lo
<br />=. `:.;�:;,_r one-iweltlh ul the yearly mortgago insurnnce prerre.um k�eing p y .
<br />.;,,.jh.�.;�1µ be in e8ec1. Lender wlll uccept, u3e and retaln these payr.�ents es a loss raserve fn lieu of moRgago fnsurance. Loss re�erve
<br /> :�,•�,_ payments may no tonger be required, et the optlon of lmder,if mortgage Insurance coverage (m the amount end lor the penod _
<br /> ,. ,-�f,t:tr that Lender requfres) provlded by an Insurer epp�oree!by Lender egain bocomes avaflable and is obtafned. Borrower shatl pay
<br /> --.� --� - tha premiums requtred to malntaln mortgage insurance N etfect, ar to provide e loss resene, uNit the requirement lor moAgage
<br />'_<<�"�`-�' Insurance ends in accordance with nny wdtten egreemenl between Bortower and Lender or upphcablo law.
<br />=_«:,i�t 9. 1115peCtlan. Lender or Its ngenl may rnuke reasqnubie entries upon and Inspeclions o11he Property. Lender shali grve
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<br /> Borrower nolico et the time of or prlor to an fnspecuon speaifying reasonable cause for the inspect�on
<br /> .'"���' 10. Condemnation. Tho proceeds of any eward or clnim tor damages, direct or consequenpal. in connecUon with any
<br />-"'��fi-•y� condamnalion or other taking of any part o1 the Properry. or for cornoyance in Ileu oi condemnation, are hereby nssigned and
<br /> __ -�.:�,:L� shall be paid to Lender.
<br /> _.°:-,;� In the event of e toi-�1 taking of the Properry. �he proceeds shall be applied to the sums secured by this Secunty
<br /> -���;.:�� Instrurnent, whe�her or not then due, with eny excess pald to Bortower. In the event of a panial taking of the Property in whfch
<br /> -�`� the falr maiket relue ot the th�operty immediaieiy �etvicii�m 1o��t.�t:� ��°• �y!��^ ����?"tar iha�ihe amnunt O}tr18 SUO1S 60CUf0tI
<br /> ---:�",L�'� by thfs Sea.�ry Instmment immedieteh before tt�e taldng, unless Borrower end Lender otheiwise agree fn wdtinp, the sums
<br /> _;�;.� securad by th"ss Seourfty Instrument shatl be reduced by Ih�emount of the proceeds multiplted by the tollowing fract(on: (a) the
<br /> ---- total smour.t of tt�e sums secured immediatey bP1ae the taking, divlded by (b) the tair market value of the Property Immedlatety
<br /> hatore the tntdn9.My batance shall be paid to Bortower.In ihe ovent of a partial teking o1 the Property tn which the fulr marlcot
<br /> _�'��.�,rw� valuo oi thn Prope►iy Immedietely beforo the teking Is kss than the emount oi the aums secured immediatety betoro tho tekfnc�,
<br /> -���w� untess 8orrower and Lender otherwlse agreo in writing or unloss applicablo Iaw olhenvise provldes, the proceeds shall be
<br /> - applied to the suma secured by thls Security Instrumenlwhether or not the sums are then due.
<br /> - If the Property Is abandoned by Borrov�er, or il, afler notice by Lender to Borrower that the candemnor ofters to make an
<br /> -- awara or settle a clalm for dnmages, Borrower tetls 10 respond to Lender wtthin 3U days after lhe date the notice is given.
<br />----��-- Lender Is authodr.ed to coflect and apply the proceeds,st its option, elther to restoration or repair oi the Properiy or to the
<br /> sums secured by this Security Instrument, whether or �ol then due.
<br /> ----- Unless Lender and Borrower othenvise agree in writing, any applicetlon ot proceeds lo pdncipal shall not extend or
<br /> postpone the due date of the mnnthly paymenis relerred to in paragrephs 1 und 2 or chnnge the amount ot such payments.
<br /> — t i. Borrower Not Released; Forboarance By Lvnder Not a Walver. E�nensfon ot the tima tor payment or
<br /> modification o1 emoAizatlon of the sums secured by this Socurity Instrume�t grunted by Lender to any successor in Interest of
<br /> Bortower shull not operate to release the IIablGly ol tho original Borrower or Borrower's successors In Inte�est. Lender shell not
<br /> •— be requlred to commence proceedings against any successor In Interest or refuse to extend time for payment or otherwise
<br /> __°y,.m� modity amortizalion ot the sums secured by this Securiry I�sVument by reason ot any demand made hy the original Borrower or
<br /> ------ Bortower's successors In Interest. Any torbearanco by Lender in oxerclsing any right or remedy shall not be a waiver ot or
<br /> preclude the exercise of any right or remcsdy.
<br /> -- 12. Successors and Assigna B�und; Joint and Several Llabit(ty; Co•signors. Tne covenants and
<br /> egreements ot ihis Security Instrument shall bind end benefit the successors and essigns of Lender nnd 9orrower.subJect to tho
<br /> provlsions ot perayraph 1�. Borrowers c�venant5 and egreements shali bo Jofnt end soveral. Any Bortower who co•signs thls
<br /> Securiry Instrument but does not exocute the Note: (a�Is co•signing thls SecuNty Instrument any to mortgage, grant and convey
<br /> that Bortower's Interest in the Property under the terms of this Securiry Instrumeni; (b) Is nol personally obligated to pay the
<br /> sums securod by this Security instrument; and(c)egrees thst �ender nnd any other Bortower may agree to extend, modily, _
<br /> ---= torbenr or rn�lco eny occammodatlons w(th rega�d to Ihe terms ot this Security instrument or tha Note without that Borrower's
<br /> ===-= consent.
<br /> __ ---- —= 13. Loen Charges. Ii tho loan securEd by Ihls Security Instrument Is subJect to a law which sets maximum loan
<br /> � charges, and that law Is flnaly Interpreted so tt�at tt�o In4erest or othcr lo¢n charges collacted or to be co�ected In connacUon
<br /> ��'���'�a w�th the lonn oxceed the pertnitted fimits, then: (s) nny such loan charge shnll be raduced by the amnunt necessary to reduco
<br /> � "'"'"�� tho charge to the penn(tted Iimit; and (b) eny su►rs already collected trom Borcower which exceaded permitted Iimits will be
<br /> -Y��;; ro(unded to Borcower. Lender may choone to make this reiund by reducfng tho princlpal owed undsr ihe Note or by making a
<br /> `"`;���%�^'�' direct paymenl to 8orrower. If n rotund reduces prindpai, the reductlon wlli be treated as e partlai prepayment without any
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<br /> -_.��_.�Y��. prepayment cherge under the Note.
<br /> --`:.u•�"'��. 14. NOtICes.Any notice to Borrower provided lor in this Security Instrument shall be giren by delivering it or by mailing it
<br /> ' ��� � by tirst cluss mall unless applicable law requlres use ol another method. The notica shall be direcled to lha Property Address
<br /> `���,�� or any oihi+� aJ�iress Burcower dcs.gnates by oclicc lo Lende• en� .,.,��rp tn �Pnder sha0 be qiven by Ifrst class mad to =
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<br /> ` ' yK Lender's address stuled herein or uny other aoaress iendcr ucoiynaiba �r ���::.e :� ..,,�..-.... ...v ••.-.•..-r.-••--- ._. i�. ...._
<br /> , �F.x'{`�"' � 5ecurity Instrument shnll be deem�d to hnve becn givcn to Borrower or Lender when given as provided in this paregr�ph. -
<br /> _ " '"' ; , 15. GoVOrililtg Law; SoVBrabilil}I- This Security Instrument shall be govemed by tederal luw nnd the law of the
<br /> J �utlsdiction In which tho Property is located. in Ih� event that any provision or clause of this Security Insirument or ihe Note
<br /> . • ' con0lcls with appficribla law. such conilict shnll nol aNect o[her provisions of this Securily InsUument or the Note whfch can be
<br /> . . �� piven effect w;thout tho con(licting provislon.To ihis end the provisions ol tiils Securfty Instrument and the Note are declared lo
<br /> _ � be suverable.
<br /> „ � 16. DOfrOWBt'S CO�y. Borrower shall be glven one conformed copy ot the Nuie:�nd oi Ihis Secunty Instrument. _
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