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<br /> { 7. �rotection o9 Lender's Rights in the Pro�erty. ir earrower raus co ae�rorm me eovenancs and a�eernems � -
<br /> •. � ° ( � conffilned in this SacuritY InStrumBS��ar thare is e 4�af Proceadfig that may s�n�+tN��de�s rtghts m t►�s ProP�Y(sueh es
<br /> - �- - -- - � � a pracesQin9 in bankn+P�Y.P��tor condecssnatlan or forfe�ue or to entorCe taws or reguta�ons).tl�en Len�et may do end Day tor �-- ''�' .^ , <�< ;
<br /> whutever is necessary fo protact ttss raa3 ot ttas Psap�ty end l�tk�s �ights in the Properry. lender's ac�Ons may inch�de paying t. ' , _
<br /> .--�- -_-. - � any sums secured by a Uen wA�h Aas prto►tyy o�er this Secur�y tnstrumen�ePP�B� caurt.PaYing roasonabte attomey's f�s and ;—'^.—�,�_- ; --
<br /> ' entering on the PropertSr to make reAalrs. NtAOUgA LBnder may take ecUnn unQer this paragraph 7,Lender does not have to do so. � , �
<br /> t My amounts disbursed by L.ender unQer this PataSraPfi 7 shafl becc*ne addiNonel debt of 8orrower secured by thts SecurtY . . _f .
<br /> ' InsUument Untess 8ortower end Lender agree ro other tartns oi payment tl�ess emounts sheU bear �terest from the date ot . '
<br /> � � disbwse�n�t at Me Note rate and shaU be payaDte,wfth tr�tarest,uPon notice from Lender to Bortower cequesting Paymen� , ��' � `
<br /> ; e �
<br /> . � _,;� �. MOI'4$S�8 I118ltiAtlCE. If LenEer requ�ed mortgage e�suranee as a conddion ot making the loan seeured by this Secutity ''�,":'':
<br /> � • InsUumen� Bortoxrer sl�aD pay the premdms requ'Qed w mafifac� the martgage 'visurance m eHect. It, for any reason. the mortgags + .';> ��_ �. :
<br /> ���"�'�� � �surance coveraga required by Lender tapses or ceases to be in eNect. Botrower shall pay the pramtums requced to obmai Cavera9e : � � .� : .
<br /> . . _ .. . Es..}.`•,. -S_.�'_
<br /> - --__-_- Substent�ll�y equ3valent to th0 mortg�9 inSUtence prevtou5�y m effect,at a coSt SubStantiellY equiv819nt to the COSt W Bo�totiver ot Me � _ _ - -
<br /> ' moRgage msurance prevfoush tr� ettect+ irom an aRemate moRgage fisurer ePproved by Lender_ II substanitaUy equ�iatar►1 mortgage � .
<br /> (nsurenCe coverage is not availabte. Bomower sha0 pay to Lender each month a sum equai to one-twe�th ot the yearly mcRga99 : .-� ;�..�
<br /> � . insurance Precnhtm being peid 6y 8oaower when the insurance coverage 4zpsed or ceased W be in etfect l.ender w71 axePt.use end � �
<br /> ,. " . : reffitn these paYments es e Ioss resBrve i� 6eu ot mortgage insurence. Loss reserve paYmeMs may no [onger be re4u'ired. at the � , . - ,
<br /> ' � � optian of 1.ender, � mortgaSe h►suranae coveia9e M the amount and tor Me period that Lender requir�es) Drov(ded by an insurer � •�.._
<br /> • � � appmved by Lendet e.gatn becomss availabta and is obtained. Borrower shall pay the premiums requ§ad W mainffiin mortgnge � � _ -
<br /> � - ''yt msurance In afiect. or to provide a Wss �es�ve.untl the requirement for mortgage c�surance ends tn accordance w� e�y w�en � _ —;:
<br /> agreement between Borrower and Lender or epplicabia law. � .. -- _3
<br /> ,• 9. InspecUon. Lsnder or fts agent may make�easonabls entries upon an d fisp e c tlons o f t h�P ro p e rt y. L e n d e r s h e A give � �
<br /> Bcrrower cctice at the time of or prior ta a�tnspection specitying reasonabte ceuse tor the inspection. '��`;,.:�___-;
<br /> 10. �cndemnatton. The prer�..ds ot anyr award or cta�n for datnages. d'uect or consequenttal. rt� connecttnn with �.-ry �
<br /> � _ condertmaan or other fak6�g of any part of the ProPeRy.or far corneyance fn iieu of cortdsmnation.ere hereby assignBd and sha�F be
<br /> . P8(d t0 l.endet. - �___.
<br /> : In t'�a event of a totai tektn9 of tt�e Property, the proceeds ShaU be apD�d to the sums secured by th(s�thY ��menf, —
<br /> ' whether or not then due. with anY eu�s 0� to Bortower. In the event ot a partial takfi8 ot the PropertN tn which the fafr merket --
<br /> .. .c. ' vahie ot the ProDertll tmmeQ►aYey Eefore Me tekh9 is eQual to w�eater than the emount of the sums secured by Mis SecurdY •. .,n-�g��
<br /> � • InsUument immediatery betore the tekmg, uniess Borrower and Lender othervrise agree tn wrRtrtB.tt�e sums secured bY thts SecunlY :_.P�
<br /> * �.. Instrument shall be reduced by the amount ot Ihe proceeds muftlpfied by the follow(ng traction: (a) the tot�l emount ot the suma ;. � �,••;,�.,;�
<br /> � � secured immediatery betore the taking, dtvtded by(b)the ta�r msrket vatue ot the Property §nmediatey before tfie taking. My�atanee _ -. r; . f ;'��
<br /> shail be paid to Bortower. tn lhe event ol e partial tekin9 0�N8 PtoPBnY�Wfiteh the tatr maAcet value of the Propariy 4nmsdiatey . ' • i�• c,•.
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<br /> " ' " betore the taking ts tess than the amaortt ot the sums secured immediatety betore the taktng.unfess Borrower end Lender otherwise w,V�• -�;t-
<br /> : � • r agreg in wrRing or uniess appitceb� taw otherwlse provides, the proCeeds shall be appQed to the sums SeCUred by this SeCUrity �"� ".'�
<br /> � � Instrument whethet or not the sums ere then Cue. �� `'�•�_ `
<br /> '�i I f t h e P ro p e R y i s a b a n d o n e d b y Bortower, or if,after noUce by Lender to 8orrower that the condemnor ofters to make en award or •� . �^ :_�.
<br /> setUe a claun for damages, 8orrower faitss to respond to Lender within 30 days after the date ihe nottce is given,L en d e r l s au t ho r t m d ��,{�'� �}�
<br /> f
<br /> to cottact and eppy the proceeQS,at fts optlon.either to restorat�on or repaU of the Property or to the sums secured by Mls Security °;,`�f�;:
<br /> • tnstrument,whether or not then due. ��
<br /> . - . ..-. �,:_;�.
<br /> � Uniess Lendar and Borrower otherwise 8gree in writin8.e�Y 80Prwmtion of proceeds to prfnci�al shall not extend or postpone the . %� ��;t,F.,•a�;
<br /> ,.�
<br /> ' ' due date ot the monthiy payments referted to in paragraphs 1 and 2 or change the amount ol suct�paymenis- _ .�;:��
<br /> - �- 99. Borrower Not Reteased: For6earance 8y Lender Not e Waiver. c-,�eens�on o� ene wne ror paymene o► l
<br /> - - mod�icatton of amortization ot ttre sums sacured by thls SecurAy��stcument granted 6y Lend�r to any successor in interest ot Borrowet �-;�F?;;�
<br /> � sha11 not operate to release the Ilability of the orig(na1 Borrower or Borrowers successors in interesL Lender shatl nat be requtred to , , 'R�r
<br /> � ' commence proceedtngs against anY successor in mterest or refuse to excend time for payment or otherwlse modity emorttmtton ot the •-�.;,�,_��_:
<br /> � sums secuwd by this Security Insdument by ceason ot eny demand made by the ortginal Bortower or 8ortowar's successors in , ;,�:::';.<.
<br /> ht ar '�'
<br /> � interest. My torbearance by Lender in mcercLsing eny right or remedy shell not be a waiver ot or pcech�de the�ceroLse o}any�lg �.��:!-°
<br /> . . . •�---
<br /> . .. remedY. � .
<br /> � 12. Successors and As�signs Bound; .Doir�t and Severa0 Lialbitity; Co-slgnera rne covenanrs eoa ,;;�;, :
<br /> , agreements ot thts Security Instrument sha0 bind and benefrt the successors and assi8ns of Lender and 8oaower, subject to the � : ;;�..._•.. ,
<br /> prwL4lons of paragraph 17. Borrowers cavenants 8nd agreements shall be joint and several Any BoROwer who casigns this S2curiry -. _ _
<br /> InsUUment but does not execute the Note: (a) is co-s�ning this Secur�lyr Instrument onty to moRgago. graef, eed comrey that
<br /> � Borrowers interest tn the Property under tha tertns of thts Secutnyr insuumsnt;(b)is not personalty obligated to pay the sums Secu�ed '
<br /> � by this SecurFry Instrument; end (c)agrees thal Lender and any oiher Borrower may agree to extend, modiry,torbear or make any . , ,
<br /> ' aecammodaUons w8h regard to terms of this S�urity Inswment or the Note without that Bortowefs consen� � ;:
<br /> . 13. Loan Charges. it the Io2.� SeCured by this SeCUirty Instrument is subjeCt to e law vfiich sets mex6num toan C�erges. . .�.:,. .
<br /> and that law is fmaity interpreted so that the mterest or oiher toan charges coltected or to be cottected tn cannectlon witA tAe t0an
<br /> excead the permitted tsn:+.s. tBen; (a)any such ben chargss shail be reduced by the amount �ecessary ta reduCe the charge to the . .
<br /> � permitted limit:and(b)any sums atready cottected from 8onower which euceeded permitted tunits will be refunQed to 8ortower. Lender � , � :
<br /> � may choose to make thls retund by reducing the prinC�pal owed under the Note or by making e dtrect payment to Bortower. It e . , �
<br /> � �. . . � .
<br /> retund re�,:cas principal,the reduction will be vealed aS a partial prepayment wrihout any prepayment charge under lhe Note. • ,,:�,, .
<br /> 14. Noticea. My notice to Borrower provided tor m tMs Security Instrument shall be given by delivering A or by mailing R by .;:�.�:.
<br /> � ' first ciass mail untess applicable law requ�es use of enother method. The rr+�p ghall be dUeCied to the Property Address or eny � ;
<br /> � � othar addtess Borrower designates by notice to Lender. My notice to Lendei :t�a11 EA given by 1b'st class mail to Lendera address �
<br /> � stated herein or any other adQress Lender designates by notice to 8onower. My notice provitl80 tor In this Securityr tnstrument shell - •�
<br /> ' be deerr.ed to have been given to 8orrcwer or LenCer when gken as provlded in this paragraph.
<br /> ' 15. Governing Lsw; SBVefF1�f1U1y- Thls Secur'ity Instrument shalt be govamed by federal Iaw and t�e law of the • ,
<br /> jutistliction in whiCA the Property is located. ��the event that any Orovlsion Or elause o!thi9 Security InslrumeM or the Not9 conAiCts
<br /> with applicablB law, such confibt shell not eHecl o2her provision9 O1 this Securityr Instrument or the Note whbh can be given eHect --
<br /> � wfthout the contlicting proviston. To this end the provision3 Ot th(s Securiry Instrument end the No19 ere deCtared to be sever8bie. .
<br /> • . 16. Bonower's Copy. Bonower Shall be ghren one confortned copy ot the Note and of this Securityr tnstrument. •
<br /> 'i� � . 17. Transter of the Properly or �Beneflcial Inter2st in Borrower. u an or any part ot ine aroperty or any
<br /> � interest m il �s soid or trens}erred (or it a beneliCiai rt�terest in Bartowar i9 sotd or Vensterced And Bortower Is not a natutel person)
<br /> • � without Lendera prior written consent, Lender may,at its option, requve immediate payment in fuil of all sums secured by this Security •
<br /> Instroment. Howevat,this optlon shall not De exerC�sed by Lender A exercise is prohibited by lederal law as of the date of this SeCUrity ` , �
<br /> . Instrument. ' f �_ � �
<br /> ' IT Lender exercises this option, Lender s�all grve Bo►rower notiCe of acceteration. The rtotice shafl provide e period ot nat less I
<br /> ' then 30 deys hom the date the notiCe is delivered or maiied withtn whieh the Borrower must pay ell sums SeCUred by this Security .
<br /> • InSWmen1. If BOrtower talis to pay these Sums pNot to the 6xpiretion of this period.Lendet mey invOke flny remed�es permitted by this
<br /> ' Securrty InSWment without turther nottce or demand on Bortower. Fo�m av�e eieo i• :
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