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<br /> • � � � 8ortower may cure such a detauft and reinstate, as provided in paragraPh 18. by causing the action or proceedmg to be .:;, ; ,
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<br /> . � - ` cIIsmissed with a ru1'�ng that.in Lend�'s goad faitb ddermination,predudes forteiture ot the 8ortowers interest in the Property o� Q;,t,� .
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<br /> other material impa'umerrt of the Uen aeated bY this Seeurity Instrument ar Lenders security InteresL Bom�wer shall atso be in �t .` '
<br /> - �---- defaalt ii Borrower.during the taan aPPHcatlon Process.�'�►�terlaUy talse or inacwrate�tormaUon or statements to Lender(or , ---- -
<br /> � , � faaed to provide Lender with any matedat intortnatlon) in connecUon v+ith the loan evidenced by the Note, irtcluding. but not _ _,��
<br /> •- - fimited to. represer�tIons conteming Bortower's oeeupancy af the Properry as a principei residenca If this Securiry _. .;. ';.�_�,;_
<br /> ' • instrument is on a teaseAold. Borrower shali compty w+th ad the Provfsions of the tease- M Borrower acquires tee titte to the� ..;�,.�:
<br /> � propeKy,the leasehold end the tee tttie shaU not merge untess Lender agrees to the merger in wriUng. °<�S `•_ �• �'�•
<br /> ��, `���' T. Prote�on af Lender's Rights (n tlte ProperQy.It Borrower taiis to pertorm the eovenants end agreements� . •
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<br />" ' � cor�tained in thts Securiey Instnunent. or there is a legal P►u c e e ding t h a t may signi8can t ry at(ect Lende�s dghts in the Properiy 8 - � �(• .s�l� ``.�.
<br /> � ' (such as a proceeding in baniwpt�Y.probate.tor condemnaflon or torteilure or to enta�e Iaws or regutatIons).then Lender may� •, , _
<br /> " , do and pay tor whateuer ts necessar�to protect the value ot the Property and Lendets�ights in the Properly. Lendet's act3ons� ` �, t�'�r �
<br /> . `,;.��,K may indude paytng anY sums secured by a Gen which has priotity over this Securily Insbumznt, aAA�A � �uR.paying '� �,�` ,
<br /> . , : -- reasonahte attomeys'tees and entering on the Properry to make repalrs•Afthaugh Lender may take actlon under this paragraph� �,�`r:�`
<br /> -'r—= = 7.Lender does not have to do so. -- _
<br /> My amounts disbursed by Lsnder under paragaph 7 shall become add'itt'onaf debt of Bartower secured by thfis Seeurily� � y t-4 . •
<br /> ' ` ' , Instrument Untess Borrower and Lender agree to other tem�s ot paymen� these amounts shall 6ear interest from the date of� „�� �,,,
<br /> � . �. � disbursement at the Note rate and shaU be payable,with interes�upon notice from Lender m Borrower reques4n9 PaY►nent 'rt ;.•.` �. f•o=•.
<br /> ' ' 8. MoRgage Insuranee. B Lender requUed mortgage insurance as a conddion o1 making the loan secured by th(s �•;t?:
<br /> Secur[ty Instrument, Borrower shall paY the premiums recluired to maitdain the mortgage insu►a�ce in dtect.�i,tor any reason,the -r„t,�,
<br /> -- � '4" � moRgage insuranee coverage required by Lender Iapses o►ceases to be in et(ect. Bortower shaq pay the premiums required to �/� ---�
<br /> . _ obtain eovetage subslanUatty equivaterrt to the mortgage insurance previousty in eftect. at a wst substai►����tder.thif •' ' -±'_-'��-
<br /> ` � cost to Borrower o1 ttie maRgage (nsurance previaustl► in eHed.fr°m ar► attematg mortgage insur�app � �^=. �
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<br /> . � , substentially equivalent mortgage insurance cmrera9e is not avaf7able.Bomnwer shaU pay to Lender each month a sum equal to ,s....__.—
<br /> � • - one-twetfth ot the yeady moRgage msurance premium being paid 6y Bortower when the tnsurance covera9e IaPged or ceased to ,
<br /> • � 6e in eftect Lender w3I1 accept, use and retain these PaYoier►ts as a loss reserve in Geu of mortgage tnsurance- Loss reseTMe '? r.`.. :_
<br /> �� . payments may no tonger be requireQ at the option of Lender,H mortgage insuranee coveraSe C�n u►e amount and tar the period �,
<br /> that Lender requlres)provided by an insurer approved by l.ender again becomes ava�able and is obtafned Borrower shall pay .�•.', _
<br /> • �� , the premiums reqnired ta matntatre mo►tgage tnsurance in effect, or to provide a loss reserve. unU1 the requirement tor moRgage �.:,�� • '_
<br /> ` insurance ends in accordanee witt�eny written a9reement bdween Borrower and L�der or appiicabie Iaw.
<br /> ' .,_.�; 9. inspection.Lender or its agent may make reasonabte entries upon and'mspe�fdons of lhe Properry. lender shal!give -__
<br /> Borrawer noUee at the ttme oi or pdor to an Inspectlon specdyAng reasonabte cause tor the U�spectlon.
<br /> ; , . .'<��� 1Q. Condemnation.The pro� ot the Property,or for cotnv d�ce I�n,lieu�of co dem ation are hereby assigned and � +��..
<br /> ,. � • condemnatton or other taking of any p � •
<br /> ' sha0 be paid to Lender. � . '
<br /> �n ffie eveM of a total tafdng of the Property, the proceeds shall be appGed to the sums secured by this Securiry
<br /> � � '� fnstrument,whethar or not then due,wilh any excess paid to Borrower• In the event of a parBal taWng of the Praperty in which ;�,.�
<br /> • ' the fatr markc3t vatue of the Property immedlatety before the teWng is equai to or greater than the amount of the sums secured : ..,��
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<br /> by this Securiry Insdument immedlatety before the taking, unless Bortower and Lender otherwtse agree in wr(ting, the sums �����
<br /> • � _ secured hy this Securiry Instrument shall he reduced by the amount ot the pro��m m�?��e ot�°9�Property immediatey . ����
<br /> � � totei amount ot the sums secured tmmediately before the takfig, divided by @) �' •`•:�
<br />_ - __ ��w�� betore the taking.Any balartee shall6e pafd to Bortower.In the cwent of a par6ai tatdn9 of ttte Properly in whicfi the fatr matket ,."a`'`.•__`_ �
<br /> ' ' vaiue of the Praperty immediately betore the taktng is less than the amount ot me sums secured immeu'�ate�t heiosg ttse t�S� .. .��; "
<br /> � untess Borrower and Lender othetwise a�ee in wriBng or untess applicabie taw othetwise provides, the praceeds ahail be �_
<br /> appGed to the sums secured by this Security tnst�vment whether or not the sums are then due. -_.,r;�.
<br /> ' � tf the Property is a6andoned by Borrower,or H.after notice by Lender to Barrower thal the condemnor oflers to make an � _
<br /> J,,._.._� _ eward or setUe e cialm tar damages. 8orrower fa�7s to respond to Lender wfthin 3U days aftet the date the notice Is glven. `� ,�;a,�,;�
<br /> ;f��� Lender is authorfzed ta collect and apply the pmeeeds, at(ts opUon,either to restoration or repair of tbe Property or to the �,�4��_
<br /> � � ' � �' sums secured by this Securfty Instrumerrt,whether or nat then due. ��`'�� -''
<br /> . ,,,�.;_
<br /> � ��'� Unless Lender and Bortower otherwise agree in wdUng, any appiication of proceeds to pdncipal shatl not extend or „
<br /> hs 1 and 2 ar chan e the amount of such payments. '' 1=��
<br /> • � • postpone the due date of the monthy payments referred to in paragrap 9 ;. .��_-.
<br /> � 11.Bonower Hot Reteased; Forbearance By I.ender Not a Waiver.Extension of the time for payment or .., �. ;��._�_
<br /> � � � modiflcatlon of amortization o1 the sums secured by this 3ecurity Instrument yanted by Lender to eny successor in interest ot �--=_
<br /> ' ' • � Borrower sha11 nat operate to release the liability oi the odg(nal Bortower or Bortowers successors in interest. Lender aha0 not � '�"'�"""
<br /> i•• ;�
<br /> . tra required to co�mence proceedings against any successor in interest or refuse to e�¢end Ume tor payment or othervvise � � ,
<br /> � • ' modRy amortizaUon ot the sums secured�y this Security InsWment by�eason of eny demand made by the adgfnal 8ortower or _ __
<br /> � • ' ` Borro�•�r's successors in tnterest. My forbearance by Lender in exercising any dght or remedy shall not be a wa(ver ot or •..: ,2:-...�u.
<br /> S'.'' ' �
<br /> • preciude the exercise of any dght or remedy. ��: ; � ,.
<br /> 12. Successors and Assigns 8ound; Joint and Several Llabiltty; Co-stgners.'rt�e coveaants and , !• �� -r=E:;
<br /> � � agreements ot this Secudty Instrument shall bind and bertefit the successars and assigns af Lender and 8orrower,subject to the „ . � -�
<br /> � ' ,�.; provlsions ot paragrapb 17. Bortower's covenants and agceements shall be joint and several. My Bortower who co-slgns this , , :
<br /> ' Security Instrument but does not execute the Note: (a)is casigning thls Securiry InsUument only to mortqage.�ant and comey
<br /> ' � that Bortowers interest in the Property under the terms of this Securily Instrument; (b)Is not personally obiigated to pay the :,,,,; .
<br /> '� , . , sums secured by this Security Inswment; and(c) agrees that Lender and any other Bortower may agree to extend,modify. •
<br /> fotbear or make any accommodations wlth regard to the tertns o1 this Security tnstrument or the Note without that Bonower's :.
<br /> � � � ' consent.
<br /> . 13. Loen Ch8fge9. If the loan secured by this Securiry Instrument Is subject to a law which sets maximum ioan _
<br /> ' � charges,and that law is finalty interpreted so that the interest or other toan charges coltected or to be coilected in connectlon ,
<br /> • wfth the loan exceed the permitted Iimits,lhen: (a)any such loan charge shall be reduced by the amount necessary to reauce
<br /> � the charge to the permitted tlmit; and (b) any sums aiready eollected trom Bor►ower which exceeded pertnitted iimits wi0 be ,
<br /> refunded to 8onov�er. Lender may choose to make this retund by reducing the pdncipal owed under the Note o► by maWng a ,
<br /> . direct payment to Borrower. Ii a reiund reduces principai, the reduction will be treated as a partial prepayment w(thout any
<br /> ' prepayment charge under the Note. �
<br /> . 14. NOtiCeB.Any notice to Bonower provided for In this Security Instrument shaii be given by deilvering(t or by mailing it
<br /> , by first class mail unless appliczb'o law requires use of another method. The noUce sha11 be directed to the Properry Address • .
<br /> � or any other address Borrower designates by notice to Lender. My notice to Lender shall be gNen by tirst class mafi to . .
<br /> .+.. Lenders address stated herein or any ofher address Lender designates by notice to 8orrower. Any noUce provided tor in this
<br /> '' Security Instrumetd shall be deemed to have been given to Bonower or Lender when given as provlded in this paragreph. . .
<br /> , { 1S. Governing LeW; SBVe�abiNty. This Security Instrument shalt be govemed by tederal Iaw and the law of lhe
<br /> _ . i judsdictlon ln which the Property Is tocated. In ihe event that any provision or ctause o1 this Securiry Instrument or the Note .
<br /> i conflicts with applicable law, such contlict shall not aftect olher provisions ot this Securily Instrument or the Note which can be
<br /> . j grven eflect without the contlieting provision.To ihis end the provislons ot this Securiry Instrument and the Note are dectared to � :
<br /> -=r: ' � be severeble.
<br /> ' � 18. Borrower's Copy.BoROwer shall be given one contormed copy of the Note and ol this Securiry Instrument.
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