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<br /> . � . @otrower may cure such a defauft end reinsffite. as pro�ided in paragraph 18, by causing the acdon or proceeding to be '
<br /> . �: , ....
<br /> � msmissed with a ru�n9 thai,in Lenders good taith detertninatton,preciudes torfe(ture of the Borrower's brterest In the Prope�ty or ', ' _ ,
<br /> . ` , . . other matetial fmpahmment of the Uen ueated bll�ts Securiry tnsdumenl or Lender's security interest- Barrovr�shaU aiso be in - •
<br /> a u�
<br /> . . deisu�H Borrower.dudng the loan eppG�.lon proeess.9a�re madertalN tatse or inacarate tntommUon or state�nerts to Lender(or � `•' ` � ` "
<br /> _ . - -� - - fa�ed to provide Lender with arry materfai IntOm�°�) � ��6 � ����� by tde Note, inc[udng. but not � _ . - -
<br /> '' � • � fmuted to. represer�ttons eonceming Bortowets acwpancy af the Properiy as e p�tn�pal residenae. H this Security .. .:. : _
<br /> tnstrument is on e tPasehotd. Bartativer sha0 co�'iPiy wN�e1��e provfsions ot tho lease. If Bortawer acquirea tea tiUe to the >.
<br /> �`jM`,.
<br /> , .� . " RroaeAy.the leasehold artd the tee L'tte sha0 no!rtaerge untess Le�d�a�ees to the merger In writln9. � ..
<br />- ,. . .' �� 7. Pratectton of Lende�'s Rtglrts[n 4he Property.It Borrowe s�taos��v���Qa��� ���� � . ` � F�
<br /> • cantatned In this Sea�ity InstrumeM. or there Is a tegal proeeeding that maY 9� Sa �
<br /> . (���a p��e�g in hanf�upt�y.prahate.for eondenaiaHan or todefwre ar to entoree taws ar re�taUons).then Lende►maY v
<br /> . ' do end pay tw whatever is neoes�y m Protect the value of the P►operly end lenders dghts in the Praperty. Lender's ecdons � °�,
<br /> • , -�- may inetad�payin9 anY sums secured by a lien whic� has pdo�ity aver thts Security tnstrument. aPP�9 � �urt. P��9
<br /> .'.�.-�.._.,. .
<br /> ' • reasonable attameys tees er►d arterMg on the Properiy 4o make repalrs.A�thougb Lender may take aWon under this paragraph . ; � •' ,
<br /> � 7, lender does not have to do so. � • , ,` ",
<br /> - . ` - pny amaurrts disbursed by Lender un der para�a P fi� s h e U b a� a d d�i fl�d e b t o f B o r r awer seeured b y this Security - ,---
<br /> � instrumeit. Untess BortoweJ and lender agree to other terms of paymeM.these emounts shaU bear tnterest hom the date o1 l<
<br />- - . � , �' dishurseme�rt at the Note rate and shaU be payable,with interest.upon aottce trom Lender to Borrower requesting P�ent ' �F. --
<br /> r'.i . . - , 8. MoRgage Insurance. It Lender required mortgage Insuranee as a conditian oi ma{dng the laan seeured by this ..
<br /> Seeudty tnstrume�t.Bartower sAsO pay the premfums requUed to maintain the mortgage insurance in effect If.fnr arry reason.the _ _
<br /> ' mortgage insurance ccvere8e re�N��d by Lender fapses or ceases to be in etfecl. Bortower sheD pay the Pr�n1����t�� • _ ,_
<br /> � obteln coverege substanitaltY e4�ivale.nt to the mortgage insutance pre+riausty in eftect, sl a cost substanttaltY etN .., - _
<br /> cost to Bortower of the mortgage ins�uanee previously in eftecl.finm en aftemtate mort�ge (nsurer eRPra�ed by Lender. U `_�-
<br /> ° e
<br /> a,�' s u b s t an tl a l N e g u H a t e n t m o rt ga ge tnsuranee coverage is not a v a II a E ls.B o R O w a s h a p p a y ta Lender eseh mardh e sum equal to - —
<br /> . � one�twetftt�ot tha yearty mortgage tnsurance premium being patd by Borrower w hen t h e i n s u r a n c e c a v e r a g e t a p s e d o r c e a s e d to � _
<br /> - � �� enis as a toss reserve in�eu a1 maRgage insurance. Losa resenre
<br /> :'` .. be h►eftecf. Lender w�li accepL use and retain these paym � the amo�mt and tor the periad :.
<br /> eta
<br /> - . �saymerts may no longer be requked.at the aAUon of tender.(t moR ge insurance covera9e M
<br /> saym
<br /> thffi Lender requfres�pmvided 6y an insurer approved by I.ender agafn hecomes avaffabte and is obtained. Bormwer shall Day ,�: ���:-'.;,_:
<br /> frt
<br /> ,,�.•� the premiums requVed to matrttain moKgage insuranca tn effect.or tu provide a loss reseNe, u�7 the requiremer►t tor mortgage ,_
<br /> � . .. insurance ends in accordance with enY wrttten agreement between Hortower and Lender or appiiceDte Iaw. __t,,
<br /> .�,. • 9. tnspedion.Lender or its agent may make reasonabie ertries upon and inspeetlons of the Pcoperty. Lend�shaD giva -
<br /> ' �• reasonabie cause for the inspectIon. �' '
<br />"�� Bortower noUee at the thne ol or pdar m an inspectlon specifyln9 • -
<br />�; . . -'•�� 10. COndemttatton.The proceeds of arry award or claim tor damages. dtrect or eonsequentlal.in eonnectlan wdh any ' �-�-`.;�'�__
<br /> .� �,V asst�ed and
<br /> �.� � • condemnaUon or other teWn9 of arry PaK of tfie Properly, or for corneyance tn Iteu of condemnaUon,are haeby ,;: ��_
<br /> • ' ;�,-.; shafl be paid to 1.ender. ped to the sums secured tsy this S�cucily . ,,��•-_
<br /> � In the evcmt ot a total mWng of the PmpeAY• the proceeds shall be apP �ng ot the PropertY U whlch � . ,
<br /> atd to Bormwa In the event o1 a partial � ` '_-_
<br /> ' • insWmen�wheth�or not then d�e,with any wccess P to or er thm�the amount ot the sums ser�ued � T��°-
<br />,:,.. �.
<br /> _; .._. ..,__ '•
<br />: } ' the Tair marke!value of the PropeRy immediateiy betore the takng ts equai � ' , ' - --
<br /> :: � . by this Seairity tnstrument immediatery before the�dng. unteas Borrawa and Lender otherwise agree in writing, the suma
<br />`_}�: . � se<aired by this Seeurity Instrument shall be reduced toy the amount ot the proceed�mum��vatue ol�the mProPectY�m`��Y ./��_�'
<br /> total amount ot the sums�ecured tmme�atelY before the taldng,divided by(b) � , y._-�.,
<br /> �•�%� .. . � bdore the t�i�.My 6alance shall be patd to Barawer.tn the e4ent ot a P���ng of the Properry in which the tair ma�ket 7.: --
<br /> � • vaius of the Praperty immediately detore the taking is tess than the amourtt of the sums secured immediatelY betore the taT�g. , ;
<br /> .��!;�, � , ' unless Bortawer and Len@er otherwise agree in miting or unless aPRpcabte law othervuise provides, the proceeds shaD be � `. .:��'
<br />�•�: � _ _ applied to the sums secured by th(s Security Instrument whether or not the sums are then due. � "�;;t
<br /> `';t:..._ .� H the Properry is abandoned by 8orrower, or�.efter natice by Lender to Baaower that the conQemnor offers to make an �
<br /> "- �:;`� :- award or setile a claim tor damages. Borrower ta0s to respond to Lender within 30 days after the date the noUce ts 9Nen. :�.:`.:�,:�
<br /> ,�;; -• .� , the proceeds.at its optton, either to restoraUon or repair ot the Pmperty ar to the . . ..- -
<br /> Lender is authodzed to ceNect and aPP�Y .'••-i�
<br /> ��i • • ,���, sums seeured by this Security Inst�umenb whether or not then due. ,� ;��'-=
<br /> � Uniess L¢nder and Bortower otherwise a�ee in wriUng, eny apPflcation o1 proceeds to pdncipal sha0 not extend or . �;.�'��
<br /> � ents re(erred to in para�aphs 1 end 2 or change the emount of such payments. '����r"%��<
<br /> � postpone the due date of the monthly paym °-
<br /> - 1 1. B o r t o v►er Not Relessed; Fo�bearance By�-end0� Not a Waiver.Extenston ot the time tor payment or . .`..,�„
<br /> ;:;;,� . ' � modiflceGan of amoNmtion of the sums secured by tfiis Securiry Instrument gran t e d by L e n d e r t o a n y s u c c e s s o r i n t n t e r e s t o1 • .. _�T�-
<br /> '�` Bortower sha11 not operata to release the 11abiGty o1 the odginai Bonower or Borrower's successors in tnteraat• Lender shali not �
<br /> 'V��r ' be required to commenee proceedings agalnst any successor In interest or refuse to extend time fot payme� or othecwise • _.,,,,..
<br /> I •A�
<br /> �•'. ' � moddy amoNzation of the sums secured by this Security tnstrumerR by reason of any demand made by the odglnal Borrower or ^ •
<br /> � �' Borrowers successors fn interes� /irry forbearance by Lender in exercasing any rtgM or remedy shaD not be a watver of or :�;..- .:
<br /> . . �'�
<br />- . � prec(ude the mcercise o1 arry d9ht or remedy. Cp-g� nerg,The covenarrts and : ,..�>
<br /> 12. Succassors and Asslgns Bound; Joirtt and Soveral Uability; g .
<br /> • � �� agreemerrts o1 this Sacurtty Instrument shalt hind and benefd the successora and assigns of Lender and Bortower,subject to the , ; :;�,i�•:,.:
<br /> - � • . � provisions o!paragrePh 17• 8osrowers covenants and a�eements shait be joinl and seve�zl. Any 8orrower who co-signs ihi�
<br /> � . � Secudty(nstrument but does not execute the Note: (a)is co-signing this Securily InsUumertt onty to mortgage.grant aed eomreY ,,
<br /> t that 8ortowefs interest in the Property under the terms of this Sewrity Instrument: @) is not personatly obtigated to pay the
<br /> � � q sums secured by this Security�nstrumenk and(o)agrees that Lendet end a�ryr other Borrower may syee to extend, modiy.
<br /> �+�,� ! tor6ear or make arry accommodatlons wrih �egard to the tertns ot this Security InsUrument or ihe Note wfthout that 8orrower's �
<br /> ; � consent. . .•.�' .
<br /> 13, Loan Charges. I1 the loan seeured by this Sewdty Instrument is subJect to a Iaw which sets maximum �oan
<br /> • charges.and that taw is flneIly Interpreted so that the Interest or other loan charges collected ar to be coilected In connecUon :
<br /> „',�• � wfth the loan exceed the pertnttted limtts,lhen: {a) any such loan eharge shall be reduced by the amount neeessary to reduce
<br /> ' � the charge to the pertnitted tlm1� and (b) arry sums aheady coltected irom Borrower whteh exceeded pertnitted I(mtts v�l�l be •
<br /> � � refunded to Borrower. Lender may choose to make this retund by reducing tAe pdncipal owed under the Note or by makin9 e
<br /> , � ' . � direct payment to Bortower. It a retund reduces pdncipal,the redueUon will be treated as a Partial Prepayment without any � . ,.
<br /> .' " � prepayment charge under the No:e. << ��
<br /> .� . ! 14. NOtiC09.My noUce to Borrower p r ov i d e d t o r i n t h i s S e c u ri t y I n s t r u m e rt s h all be given b y deUvedng ft or by mailing it , .
<br />- -- � : b y flsst ctase mz:�unless applicable law requires use ot another melhod. The notice shall be duected to the PropeRy Address .
<br /> or eny other address Borrower designates by no t ice to L e n d e r. M y n a u c e t o L e n d e r s h a t i b e g h r en b y tirst clasa mail ta _, _...._.
<br /> Lender's addresa stated herein or any other address Lender deslgnatea by noUce to 8ortower. My noUce provtded tor in this ..
<br /> ' Securily InsWment shall be deemed to have been given to 8ortovrer or Lender when given as provided in thls paragraPh•
<br /> � 15. Governing Lavi; Severability.This Security Inshument shatl be govemed by iederal lew and the taw ot the
<br /> �� . . Judsdictlon in which the Property is located. In the event thffi any provlslon or cisuse o1 this Security InsVument or the Note .
<br /> .;,'.� .
<br /> conflicts with appticable taw.such conitict sha11 not aNect other provislans af this Security Instrument or the Note which can be
<br /> • � given etlecl without the cantlicting provlslon.To this end the provlslons of this Security Instrument and the Note are declared to ,.
<br /> � be severable.
<br /> ;;'.�'_ . • . 16. BOffOwe►'S COpy.8ortower shall be given one contoTmed eopy ot the Note and ot this Security Instrument.
<br /> :i'..,� . • .' .
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