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<br /> ' �, �• � Borrower may cure sueh a defauift and reinstate, as provtded in pazagraph 18. by causing Me action or procee�ng to be ���c _�.
<br /> � ` � �gmissed wtM a raGng that,in Lender's good faith detertnination.predudes forfeiWre ot the Borrawers interest in the Property or ' ���f
<br /> . � �� , ' other maLerfal fmpaimient of the lien created 6y this Sewrity InsCUmerrt or Lender's security iMerest 8ortower sha�etso be in , . � ;����.
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<br /> detault N BoROwer.dur6ig tAe loan appBcatton proc�s.gave metedaRl/fffise ar inaccurate fifortnation or ststemeMs to Leader(or :` ` .•`� c
<br /> a-.,' :- ta�ed to pmvlde Lehder with any materfai intommtIon) in eonneetlon wfth the toan evidenced by tha Note. fn�d'uttg,but aot _���t_.=-____ '�;-y_.
<br /> `° - Witited to. reRresentattons conceming Basmwets occupact�y of the Property ss a pr�ndpal �sidence. It 1hEs Secuiity � 4 �'<< �'_-=.-
<br /> InsWment is on a leasehotd. Borruwes sha� compry wlth all the Pravistons of the lease. ft Borrow� acaulres fee Utla fo the� �,?�;
<br /> � � . ' PropeAy,the teasehots end the tee title shaU not mege unless Lend�agrees to the mprger tn m{Ung + . ,
<br /> Y
<br /> � • 7.ProteCtlon of Londer's RtgMs in t�ae Propesrty.I!Bomower iaDs to Pertom►the eovenants ared agreements `' �� ` -<
<br /> ` " • cornatned tn this Securfty Instrum�t or there is a teg8i proceed'ing that may signi(i�ntty eftect Lender's dghts In the Properry � :
<br /> .. � " • (sucA as a pmcee�ng in bantauptcy�probate,for condemnetlon or forfefWre or to entorce lawa or reguteUona),then Lender may . _. ; ,,
<br /> ,. . ' Qo and pay tor whatever is necessary m proted th�vaiue ot the PropeRy and Lender's rights In the Property. Lender's ac�tions � ••� `� :r. .••..-
<br /> ,•�c , . • may indude paying any sums sec:ured by a Qen whtch has prfority over this Sewriry (nstrumen� ePF�9 in touA. PaYN9 � � `�`:'`''
<br /> =.�-.=, reasonable attomeys'fees and eniering an the Properry to mske repalrs. Althaugh LenCer may teke acNon under tdis paracyaDh � . -'�=_
<br /> `� `. 7,Lender daes not have to do so. �
<br /> S: ;
<br /> ^_ -._ My amounts �sbursed b1► Lender under P��Ph 7 sha0 b2come ad�tfonal d�t of Bas►ower secured by this Secudry � - ` ;_
<br /> , � � ' instrument. Unless Borrower and Lender agree to other temu of payment,these amourrts shaU bear interest hom the date of
<br /> �sbursement at the tVate rate and sha0 be payabte,wlth(nt�est,upan noUce fmm Lender to Bartower requesting paymeat , ..,.�-=�-
<br /> _ � 8. MOrtgege MSt��tnCe. if Lend�r requhed mortqage tnsurance as a conditlon of making the loan seeured by this : °. -
<br /> � .'. Sear�y instrument,Barrower shap pay tt�e pr�ntums requhed to mainta(r►the moRgage(nsttrance in ettect.If,tor any reason.ihe : .;•:•; � :��-_.�
<br /> • �, c` mortgage insurance cov�age requtr+ed by Lender lapses or ceases to be In efteq. 8arrower sheU pay the premhims required to -__
<br /> ° . � obtain eoverage subsKantially equivatent to the mortgage insurance previousty in eftect. at a cost subsmnUaliy equivalent to the � =--��i
<br /> • cost to Borrower of the martgage hrsur8►ce prevtousy in eftecl, from an altemate mortgage insurer approved by Lender. B _-
<br /> ' � ,,`, subsfantiafly equivalent mortgage insurance cuve.�age is not aveQable, Borrow�shaU pay to Lender each morrth a sum equal W � -___
<br /> f � - onedwetfth oi tfie yea�ly mortgage insurance pr�nium befng patd by Borrower where the insurance coverage lapsed or ceased to .
<br /> • be in effe�A. Lender vn'D aceept use end retain these paymen�as a loss resenre in Deu of mortgage insurance. Loss resenre - _-
<br /> paymertb may no longer be required,at the option of Lender.'rf mcrtgage insurance coverage(in the amount and for the p�1ad � _-
<br /> . ' that Lettder requhes) Provided by sn insurar approved by Lender again becoroes avai7abte end is obtained. Bonower shaD paY . �..r:':-
<br /> ' the premLnns cequined to maintafi moRgage insurance in eHecL or to provlde a Ioss resenre.urrtil the requUemerrt tor moRgage '''o.. -l,:_.
<br /> _� . insurance ends in accordance witf�a�/wrftten agreement belween Bortower and Lender or app�cable law. `. .•�:r ---�`:
<br /> . ;:�'.-, 9. tnspec4ion.L�der or ns ager�t may make reasonable entrfes upan and inspectlons ot the Property. lender sha11 gNe , ;
<br /> - Borrower notice at the time of or p�ior to an inspection specilying reasonaDle cause tar the inspecdon. , ��_
<br /> . . .• 10. C�ndemnatinn.The pmceeds of er►y►award or dalm for damages,dtrect or wnsequential.in cennection wfth any � __
<br /> , � � `.'S. condemnaUon or other teking o!eny part ot the Properly, or for conveyance tn Iteu ot condemneUon, are hereby assi�ed and . � _----
<br /> . .. shaD be Raid to Lende►. . `�� _
<br /> ` • In tt�e event o! a totel tatdng of the PropertY• the Proceeds chaD be appfied to the sums secured by this Securfty .�' :_�,;`s3:.,
<br /> ' tnsdvment,whether or not then due,with arry excess patd to Bortower. In the erent of a part(al teldng of the PmpeRy in whicb �r, -_ - _
<br /> -`� the tair market vetue of the Pmperty immediately before the�ig is equal to or greater then the amount of the sums secarted .--^,,';;��
<br /> " � by this 3ecurity tnstiumerrt fmmedlately 6efare tt�e tektng. untess Sarrow�and Lender othen�fise agree in wrftlng. the sums . ".
<br />_� � � • secured by tnis 3ecurity Instrumer�t shall be reduced by the amaurrt of the proceeds mutUpped by the foUowhtg tracdon: (a)the � -- -
<br /> �� . total amourrt ot the sums secured Imme�atefy beiore the tatdng, divided by @)the fair madcet value ot the Properiy immedfatety ' ' `�� ��-��
<br /> - betore the taWr►g.My batar�se sha0 be Pald to 8orruwe.r. In the event a4 a paRial taking of the Properly in which the iatr market , :, �.::?;',,,,�"
<br /> -� � ��..} va�ue ot the Property imrttediatety before the feWng Is less than the amoucrt of the sums secuced tmmediatery betore the taWng. ^'�'?"' �
<br /> � ;'� unless Bortower end Lender othenvise agree (n w�ftlag or untess appfic�bie faw oUse�wlse pre;�{das. tha procee�is shali be , - ;�_,,
<br />_ .. . •! appiied to the sums secured by this Secucily Instrumem whether or not the sums are then due. _ .- .•
<br /> • , if the Properiy Is abandoned by Bortawer, or H,after notfce by Lende►to Borrawer that the condemnar ofters to make an =�'�
<br /> ..����
<br /> � � ' award or setUe a ctaim for damages, BaTawer tatts to respond to Lertder within 30 days after the date the noUce is given. "_�'---
<br /> =�-•�.-�.�- - . . Lender fs authorfzed to coltect and apply the proceeds, at its option, either to restoration or repafr of the Properry or to ffie �...�::.� _�_��__
<br /> ' . � • . sums secured by thts Secudty lnstrumern,whether or not then due. � `��f-.;;:_
<br /> � � Untess Lende► and Borrower othervvise a�ee tn writing, any eppUcation of proceeds to pdncTpal shaA not extend or � ,. •`�,•�:
<br /> � postpone the due date ot the monthly paymetrts refened ta in paragraphs 1 end 2 or change the emount of such payments. '� :���=-:
<br /> � . 19. Borrawer Not Reteased; �or6earance By Lender Not a Waiver.Extension ot the time tor payment or ''"`�
<br /> f ��,` modHeaUon o!emortizaUon ot the sums sacured by this Security Instra.:..ent granted by Lender to any successor in interest of .. -
<br /> . Barrower shaD not operata to retease the Eabiliry of the odginal Borrox�or Borrowefs suceessots in (nterest. Lender shall na! � - =--_--, .�..
<br /> � • be required to commence proceedings against any successor in inte�st or refuse to extend Ume for payment or othervrise . __ . ,�,
<br /> � modity amortization ot the sums secured by thts Security f�swmem by reason of any demand made by the odginal 8orrower or __
<br /> ' . " . Borrower's successors in hrterest. Any forbearance by Lender in exercis;ng any dght or remedy sha11 not be a waprer ot or
<br /> �r.. . •. . , ::;+.;:'• Preciude the exercise of any dght or remedy. f .,:.
<br /> �� 12. Suceessors and Asslgns Bound; Joint and ��rat Llai�iNty; Co-stgnera The covenants ana ".;�'.���.
<br /> .. • �. agreements ot this Security Instrumeirt shail bind end benefit the successa�s and assigns ot Lender artd Borrower,subject to the ,
<br /> • �: provislons ot paragraph 17. 8ortawePs covenanis and a�eements shall be Joir►t and severel. My Bonawer who co-sl�s thts .;��„ . -
<br /> �� Secudry instrument but does not execute the Note: (a}is osslgning this Security Matrument onty to moRgage,grarrt and comey .�`:,�,;,
<br /> � � ' that Borrower's interest in L� P►operty under the terms c'thta Sea:.".ry Insbumen� (b) is not pe►sonatly obligated to pay the _ .
<br /> ':. .. ' sums secured by this Seci.�:iy Instrument; and (c)agees that le-dar and any othar Bortower may agree to exten�, mod'Ay, •
<br /> � . � :, forbear or make any aocommodaUons wi�h regard to the terms ot th"s Securriy instrument or the Note without that Borrav+er's . . • •
<br /> consent
<br /> , � 13. LOaO Charges. If the toan secured by �:,� Security lnstrument Is subject to a law which sets maximum loan • �
<br /> . � � charges, and that Iaw is flnaltyy interp►eted so that the c.tQrest or other loan charges colteeted or to be coQected in connecUon • .
<br /> a
<br /> � • • with the loan exceed the pertnitted limtts.then: (a)erry such toan charge shaU be reduced by the amount necossary to reQuce _ . .• • .
<br /> • the charge to the pe►mitted Om�; and (b) any sums already ce"ec'°d trom Borrower whlch exceeded permttted limits wi�be . - •.
<br /> • � retunded to Bortower. Lender may choose to make this retund by r�icing the pdnapal owed under the Note or by making a . ,. ,���";
<br />' dlrecl payment to Borrowec If a refund reduces pdncipal, the rec73eiion w(II be treated as e paztial prepayment without eny ; �;�����`
<br /> � prepayment charge under the Note. • �
<br /> 14. [110liC6S.My notica to Bortower provided for in this Securfty Instrument shall be given by deUvering it or by mailing it
<br /> by first class mail unless appilcable law requires use o1 another method. The notice sha11 be directed to the Property AQdress � .:
<br /> .,� or any other address Bortower designates by notice to Lende►. My noUce to Lender shall be glven by iirst ciass mail to
<br /> �. � � Lender's address atated herein or any other eddress Lender designates by noUce to 8orrower. My notice provided tor in lhis �
<br /> . ' �. { Security InsUument shail be deemed to have been ghren to Bonower or Lender when given as provided in this para�aph. � ,
<br /> .� i 15. t�oveming Law: Severabtltty. This Securtty Instrument shall be govemed by tederal law end the law ot the .� '
<br /> jurisdiction in which the Property Is �ocated. In the evenl that any provision or ctause of this Security InsUument or the Note • • .
<br /> -- eonilicts r+ith appiicabla tav�. suah conifict shail not affect other provisfons o1 this Security Instrume�t or the Note which can be �
<br /> ' � glven ettect without the eonlUcUng provlsion. Yo this end the provisions o1 this Secudty Insuument and tho Note are deciared to
<br /> � be severable. .
<br />,"..;. � � �� 16. BOIIOwAi'e COpy. Bortower shaJl be given one contotmed copy o1 the Note and oi this 8ecurity Instrument. ' . ,
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