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<br /> � 7. Proteatlon of l.endar's Filqhts In the Property. �i eorrower i�us co pertorm �ne covenems �nd aereemon►s , �,��_
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<br /> � , contalned fn thls SecurNy Instrument, or there Is a lepel prxesdlnq thet may spnllbantly aMect Lender's riphts In the Property(suah 4s '
<br /> a procesdlnp In bankruptcy, prqbute,lor condemnotbn or IoAelture or to enl�rce 18ws or requletlons), Ihen Lender may do 9nd pay lor �
<br /> whalev0� is n�cosOAry to proloct Iho value of lhp Property nnd Londer's rlght6 h the Property. l.ond8reasonablo utornay'sdo 9eend � _-
<br /> uny 3ums secured by e �bn wh�h has prlpnty over lhls Socurlly Instrument, eppearng in court, paY 9 __
<br /> � enturinp on lno Property to maNU r6pau5. AllhOUgh Lender may take nCtiOn untler th�s paraqraph 7, Lendor does not have to do so.
<br /> Any omqunts tlisbursed by 4undur under this pnrag�eph 7 3hnN beCOme eddd�onel debt of 9orrOwer 9eCUred by thi8 SeCU�lty jr �
<br /> Instrument. Unbss Borrower ctnd Lender apree to other terme ol payment, these emounts shull Deqer inteQreat frnoe t tho date of �
<br /> 1 disbursement at Ihe Note rete and shall be peyable,wlth hllfNS►,upon not�� from Lender to Borrower ro uestln peY p .�
<br /> � e.Mortgage Insurance. If lender requked mortpape k►aur�nce as �oondRlon ol making the ban secured by thls Secwity � '
<br /> � InBlrument, Borrower 8hall pay the premlums roquratl to malnton tha rnortpoyr In�uranca 6� oBoct. If, fer eny reASOn, the mon0lpe 0 ,
<br /> � Inaurance coverepe roqulrad by Lender tapsse or cus�s lo ba In �floot, Borcow�r BhsII pny th� premlume reQuk�d to obtaln covM��o � ,�; -
<br /> substanl�slly equtvelent to the moApnpe �naurnnce prevlouely h nflect,at e Coat subetantlnlly squNalent to the aost to Borrow�r ol lhe • ,-,•
<br /> •�� mortgape In3urance prevbusry In eflect, hom an atternate mortpn�e Nsurer approved by Lender, If 3ubstantlslty equN�lent mohWOe ��, ..� ., '�L�_�
<br /> � ' fnsurance coverage Is not avalleble, Borrower shall pay lo Lender each month a sum equal to one•tweMth of the yearry moAp�po ..,,.�� yy�;a�i
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<br /> Inauranee premlum being pald by Borcower when the Insurance aoverage lapsed or ceeaed to be in ettect. Lender wlll accapt,uae�nd .-���t��.•,
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<br /> retein these payments as n loss reSeNe �n Ileu ol morty9ge insur8nce. Loss reserve payme�ts may no longor be requlred, el l e
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<br /> opticn of Lender, M moRgage Insurance coverage (� the amount and tor the perlod thet Lontler requires) provldad by an inaure�r _.���rvv_-�_—��
<br /> � nsu ence by eHecdeo8go provde esloss'eserven untll lhegrequlremenrt0oermortgaqe�nsu a ce ends in (icco�rdanCe wlth any�wrdlen j -=
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<br /> . agreement between Borrower and Lender or applbable �aw• Lender shall Ne �����'�
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<br /> � q 9.Inspectton. Lender or its egent may make reasoneble entrles upon end Inapeatlons of the Property. _y,�_
<br /> 1 Borrower not�e at the tkne of or prlor to an Inspectbn specHylnp reasonable cause tor the Inspectlon. .;•,��-�_,
<br /> • � 10. Condemnatlnn. The proceeds of any award or clalm for dama�e8, dlreat or consequentlal, In connectlon with any :`_..�n
<br /> condemnet�on or other taking of any part of the Proporty,or for conveyance In i�eu of condomnatlon, Bre hereby asslgned end shd be ' 4�'y
<br /> � � peld to Lender. �:'
<br /> �1 In the event of a total taking of the Property, the proceeds shatl be app��ed to the sums secured by thls SeCUrlty Instrument, y�:
<br /> •y � whather or not then due, w�th any excess paid to Borrower. In the event of a pa�tlal taking ot the Property In wh�h the felr merket ';��-
<br /> value ol the Property immedlately before the taking is equal to or greater th8� the amount of the sums socured by thfs SeCUrity ��._
<br /> F � Instrument Immedlately betore the laking, unless Borrower and Lender othervv�se agree in writing, the sums secured by thls Security �'F`-y�,,,LL
<br /> Instrument ShaY be reduCed by the amount of the proceeds mult�pi�ed by the fouowing frflction: (a) the total am0unt of lhe 4ums 'ry —
<br /> �� secured immetliately betore �1+Q taking, tlivided by (b) the fair market value of the Proporty Immediately before the tBking. A�y e��ce ,y�'• �
<br /> shall be paid to Borrower. �n the event of a pertiel taking of the Property I�whbh the fair market value of the Property Y y��;;.' ��
<br /> � before the taking is less thfln the amount ot the Sums secured Immedletety before the taking, unless Borrower and Lender othemise ��
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<br /> agree h wrlting or unless applkable Iaw otherwlse provldes, the proceeds shan be applled to the sum5 secured by thls Seourlty ±�
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<br /> ,� _ Instroment whether or not the sums are then due. ` ��'��
<br /> If the Property Is abandoned by dortower, or ii,aita��i=�e bY t.csides tQ e�n^Wpr that the condemnor oNers to make an awu or _
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<br /> settle a clalm for damages, Borrower falls to respond to Lender wfthh 30 days after the date the notioe Is glven, 4ender Is authorizetl .
<br /> r� to caNect and apply the proceeds, at Its optlon, eRher to restoratlon or repak of the Property or to the sums seCUred by thls Seourity �.:-
<br /> ' Instrument,whether or not then due. '''r
<br /> �. Unless Lender and Borrower otherwfse agree h writtng, any applbalbn of proceeds to princlpal shall not extend or postpone the ,�,
<br /> ,� due date of the monthly payments referted to In peragraphs t and 2 or cha�ye the amount of such payments. -
<br /> � 11. Borrower Not Released: Forbearance By Lender Not a Weiver. Exlenslan or sne ikne ior payment a �
<br /> modaicatton ot amortirstlon of the sums secured by thls Security Instrument pranted by Lender to any successor In Interest of Bovower r
<br /> �: shall not operate to release the Iiebility of the original Borro�ver or Borrower's successors In Interest. Lender shall not be requred to
<br /> y., commence proceed'ngs 8gahst any suCCessor in hterest or refuse to extend tfine for payment or otherwlse modify amoRlrel�on of the �
<br /> sums secu�ed by lhis Securlty instrument by reason of any demand made by the orlginel Borrower or Borrower's successws „
<br /> �' interest. Any larbearance by Lender Ir exerClsing any rght or remedy shall not be a waNer of or preclude the exerclse ot any ripht or
<br /> •• remedy.
<br /> � •� 12. Successors and Assigns Bound; Jolnt and Severa! Llabllity; Co-atgners. rne covenance and
<br /> ` agreements of thls Securlty Instrument shall bind and benetlt the successas and esslpns oi Lender and Borrowor, sub�ect b the
<br /> provlslons of paregraph 17. Borrowers covenants end ayreements shall be Joht and several. Any Borrower who co•slqns thls Securlty
<br /> � Instrument but does not execute the Note: (a) Is co•slgning thls SeCUr'rty InsUument only to moAga9e, 9rant, and conve� that
<br /> - Bortower's Interest In the Property under the terms of thls Security Instrument; (b)Is not personally obllg3�d��o pforbeargomma�euany =_--
<br /> �� � by this Security InstromenC and (c) agrees thet lender and any other Borrower may agree to axtend, h� -�_ ��__
<br /> acCOromodatlons with regard to terms of this Security Instrument or the Note without that Borrower's consent, [;�
<br /> i . 13. Loan Charges. I( the loan secu�ed by th�s Security Inst�ument is subject to a �aw whlCh sets maxlmum IOfln cherges.
<br /> ' end Inat law is finally inte�preted so thet the interest or other loan cherges colleCted or to be collected �n connBCUon wdh the loan � i •
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<br /> exceed the permilted limits, then; (a) any such lonn chflrges ShaA be reduced by the amount neCessary to reduce the chflrge lo the r . .
<br /> permated limit; and(b)any sums akeady collected trom Borrower wh�h exceeded permltted Iknlls will be refunded to Borrower. lender r
<br /> may choose to meke this refund by reducing the p��clpal owed under the Note or by making a dkect paYment to Bortower• It a ,"�r;_
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<br /> refund reduces princlpal,the reduction wfll be treated as a partlal prepeyment without any prepayment charge under the Note. +:
<br /> 14. Noticea. Any notiCe to Borrower provided(or in thls Securiry Instrument Shall be glven by delNering It or by maillnp it by _ . ""'�".��,
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<br /> tlrst class mall unless appl�cable law requlres use of another methotl. The nOt�e shall be dkected to the Property Address or uny ....:>�¢.. �
<br /> other address Borrower deslgnates by notbe to Lender. Any notice to Lender shall be gNen by first C�ass mell to Lender'S eddress
<br /> stated herein or any other address Lender desfgnutes by not�e to Bo�rower. My not�Ce p�ovlded for in thls Security Instrume�t shaA
<br /> be deemed to have been given to Borrower or lender when glven es Grovided In thls peragraph.
<br /> } 1 b. Governing Law; SeverAbllity. This SeCUrity InStrument Shall b9 governed by f8d8�AI 18w end the Ipw of the
<br /> l �unsd�ction in which the Property �s localed. In the event that eny provision or clause of thls Security Instrument or the Note tonflicts
<br /> Iwdh appl�cabie iaw. such confrct shnll not aHect other provisions of Ihis Securlty InStrument or the Note wh�h can be g1ve� BHect
<br /> i without the Contlfcting provision. To this end the provisions of this SBCUrity Instofrtthe No e tandNoftlh Sr Secur ty nstrumeneverab�a•
<br /> 1 s. Borrower's Copy Borrower shall be grven One conformedi Cop�y r,^�a. �� o�� �� „nv nart of the Proporty or any
<br /> � 17. Transfer of the Property or a eseneiiaiu� iiucPao� �.� .........••-•• •• - - • � r' " -.- -=—_
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