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<br /> . � . Borrower moy cura euch n dofnull und relnclato, as provlded In parngraph 10, by causliTt ihe actlon or proceedinp to bo "
<br /> dl��nl�ood with n n:linp that. In Londer'a flood lolth dulcrm�nnllon,procludos}urfelturo ol tho Darrownr's Inlerost in ihe Property or
<br /> oiher materini Impnlrment ot tho Ilcr croatod by thls Security Insiniment or Lender'� security Interest. Bortower ahnll niso bu In
<br /> • . dofautl ii Borrower, du�ing tha laan npplicatlon procoss,gnvo motedalty inlsa or Inaccureto informatlon or statements to Londer(or
<br /> lallod to provide Lender wlth any materlal InfortnAtion) In connactlon with the loan evidonced by tho Notc, including, but not
<br /> " , Ilmited to, representatlons conceming Borro�ver's occupancy o} the Property as a pdnclpel rASldence. If thls Socudty
<br /> Inctrument Is on a Ieasehoid, Bartower shall compty wlth all tho provislons of the lease. II Barower acquires fee title to the
<br /> Properly,ihe leasehold and the fee tltle ahall not merge unless Lender egrees to iho merger In wdling.
<br /> 7. Protection af l.e�ider's R19hts in the Prope►ty. If Qorrower talis to pedortn ihe covenants and agreements ,
<br /> conteined in ihis Security Inatrument, or thero is a legal procaed�g that may sipnificantiy aftect Lender's rights in ihe Properly
<br /> (such as a proceeding In bankruptcy, probate, tor condemnatlon or forlelture or to enlorce laws a regulations),then Lender rnay
<br /> do and pay tor whatever Is necessaty to protect the velue of 4he Properly and Lender's rlghta In ihe Property. Lender's actions '
<br /> .,:,.�„� may Include paying any su�ns secured by a Ilen which hns prlodty over thfs Securiry Insirument. eppeadng In court, paying
<br /> . ,m• reasonable ettomeys'fees snd entering on the Property to mako repalrs. Although Lendev may teke actlon under this paragraph
<br /> 7, Lender does not have to do so.
<br /> My amounts dl�bursed hy Lender under paragraph 7 shall bacome additlonal debt ol Donower secured by thls Secudry
<br /> Instrument. Uniess Fo►rower and Lender agree to other terms of payment, these amounts shall bear Interest from the date ot
<br /> disburaement at the Note rate end shall be payable, wllh Interest.upon notice irom Lender to Borrower requesting payment.
<br /> B. Mortgage It98u�aflCe. Ii Lender requlred mortgage Insurance as a conditlon of ineking the loan secured by this
<br /> Securky Instrument, Borrower shall pay the promiums required to malntaln the moAgage Insurance In atiect. If, for eny reason, the
<br /> morlgege Insurance coverege requlred by Lender lapses or ceases to 6e In eNoct, Borrower shal pay the premlums required to
<br /> abtaln coverage substentlalty equfvalent to thu mortflage insurance prevlously In efteat, at a cost substantlally equivalent to the �:
<br /> cost to Bortower of the mortgage Insuranca prevlously in effect,from an altemate mortgage Insurer approved by Lender. If •���r�
<br /> . r.--
<br /> substant(ally nqulvalent mortgage Insuranco coverege is not availa6le. Borrower shall pny to Lender each month a sum eyual to .
<br /> on�•Iwetfth ai the yearly mortgagR Insurance premlum bein�paid by Borrower�vhen the insuranco coverage lapsed or ceased to
<br /> ' `!: ►� bo in eNect. Lender wlll accept, use and retaln these payments es a locs reserve f�ueta of modguge Insurance. Loss reaene ,�;i;��
<br /> , ' payments may no longer be requlred, et the optlen of Lender, fl mortgege ��surance coverage (in ihe amount end for the pedod '���
<br /> Ihat Lender requires) provided by en insurer approved by Lender agaln becomes avallabl9 and Is obtalned. Bortower shall pay ,.
<br /> � % the premfums requlred to malntain mortgage Insurance In eHect, or to provide e lass reserve, unUl the requlrement tor mort,qage =-
<br /> . insurance ends In accordance wlth any wriHen agreement between Borrowor end Lender or npplicable lew. �`��
<br /> " "�•� 9. Inapectlon. Lender or Its agent may make reasonable entrtes upon and Inspnctions of the Property. Londer shali gNo �•�_
<br /> . Borrower noUco st the time of ar pdor t�an Inspoction specifying reasonable cause for the Inspectlon.
<br /> 10. COnd@mnBZlOn. The proceeds oi any award or clalm for damages, dlrect or consequentlal, In connectlon with any _
<br /> • � condemnation or other tAking o} nny part af the Pruperty, or for conveyance In Ileu o1 condemnallon,sre hereby assignod and -`'
<br /> ° shall be pald to Lendec �;.;-
<br /> In the event of a total taking of the Property, the proceeds shall be applled to the sums secured by this Secudry �!—_
<br /> ,�: ^ : �.�BT" a:i�oi 7i�ui u a_..,,...... •wa .. .� .. ..��..��.. ��w� n.., i..ti ��-"._,- -
<br /> .,_:•;�:.. ;: _ i�M..r, t �ua� -°r ps�,,tc �..��.,,.y�. !r , �
<br /> ;;:.aas a,a::„ �, parii.. ,� 3���� ...pc:;; t;:•r:r.., _
<br /> .� Ihe feir market vnluevof'the Property Immedlatety before the tuking Is equal to or grenter Yhan the amaunt o1 the sums secured �"�;
<br /> by thls Security Instrument Immediately beiore the teking, unless Barrower and Lender otherwlso sgree in wdtlng, the sums �,
<br /> socured by this 3ecurity Instrurnent shall be reduced by the amount ot the procoeds multiplied by the tollowing haction: (a) the
<br /> total emount oi the sums necured immediately befora t{ie taking, dMldr.d by (b) the falr market vehe of the Properiy Immediately -
<br /> �:::r� _ before the taking. My balance shall be pald to Borrower. In tho erent of e partial taking of the Properly in whloh tha falt market
<br /> _ • value of lhe PropoRy Immedlatefy betore the taking is less than thn amount of the sums secured Immediately be(ore the takinp, -
<br />�,..y., �: unlese Bortower and Lender othervviae ugroo In wrlting or untess eppllcable law otherwlse provldes, the proceeds shall be
<br /> +<''�� epplled to the sums securod by thls Securiry Inetrument whether or not the sums aro Ihen due.
<br />- -' ��`,��,`•;� if the Property is abandoned by Borrower, or if, after notice by Lender to Borcower that the condemnor oflere to make nn _
<br />- -�''�_� dt�c�iu ui onitid u Ginii6 fOf dBTiio p-- y g `—. . _.
<br />__,q,. �., Qo3, uG�TGW6i faiio t0 ro5 vnd S"v Lniiu6i WiiP�in 3u dn t� aiier i�lo oeio t�le nolice Is iv0n,
<br /> Lenda Is authorized to collect and eppty ihe proceeda, at fts optlon, elther to restoration or repalr of the Property or to the
<br /> n- : _ ,,:,:� sume aecured by thls Security InaUument, whether or not then due.
<br /> -�;-�.�� Unless Lender and Borrower otherwise agree In wdting, eny eppilcatlon o1 proceoda to princlpal shall not Qxtend or
<br /> - '==23�TM� po�tpone tho duo dnto ot tho monthty payments rateRed ta In puragraphs 1 and 2 or chango the emount ot such paymcnts. -
<br /> =�����s`� 11. Borrower Nnt ReleASed; Forbearance By Lender Not a W�Ivar.Extenslon ot tha ttme for payment or =
<br /> ---- --�-���� � modi�cnUon o1 amortizatlon o1 the sums secured by thls Security Instrument granted by Lender to any successor In Interest of -
<br /> -�--T"`''-! Borrower ehall no! operate to releaso the Ilabiliry of tho origlnal Bortower or Borrower's ouccessore In Interest. Lender ahall not
<br /> - = be required to commence proceedinga agalnst eny successor In I�terest or refuse to extend 9me tor payment or otherwlse --
<br />_a;«�:�e•_�•- modily amorttzatlon ot tho sums aecurad by thls 3ecudry [nstrument by reason of any demend made by tho origlnal Bonower or -
<br /> ;cy� '' Borrower's succossors In interest, Any forbearance by Lendor In exerclsing any dght or romedy ahall not bo a walver oi or -'
<br /> _i'•T``
<br />_._.�-±,.�_._ , preGude the exerclse of any dght or remedy. _ -
<br /> :r;�;r;�;� 12. Successore and Assigna Bound; Join4 �nd Severel Llabillty; Ca-signera.The covennnts and _-_
<br /> .�-,�:;� egreemonts ot thls Secutity Inetrument shall bfnd and benefit the euccessore and usslgns of Lender and 6orrower, subJect to tho ---
<br /> '""�'�""", �rovislons of paragraph 17. Elorrower's covenanta end agreementa shall be Jolnt and severel. My Borrower who caslgns this --
<br />___:`�nt.r.�,..-.-.
<br /> �,�a..ar,•: 5ecuriry Instrument but doos not oxecute the Note: (a)is co•signing thls Secudty Instmment onty to mortgape, grant and convey `-"'"
<br /> =��.s�,g.,,.�. that Borrower'o interest In tho Property under the tertns of thls Secutlry Instrument; @) la not personalty obligated to pay the F':-==-
<br /> "' :' sums secured by this Secudty Instrument: end (c)agrees thet Lender and nny other Borrowcr mny oflrao to oxtend, modiy, �"-�
<br /> . lorbcu or mako any eccommoda2lons with regard to the terms of this Secudry mstn�ment or the Note without that Bortower's �=
<br /> . . consent. --
<br /> • 13. Lo811 Cherge9. Ii 4ho lonn secured by thls Secudty Instrument Is subJect to e law whfch sets mexlmum loan
<br /> charges, �nd that Inw Is Onnlly Interproted so that the Interest or other loan charge3 collected or to be collected in connecilon
<br /> ., wRh the loan Axceed the pertnitted Ilmits, then: (u) any such loan charge shull bo reduced by tho ctmount necessary to roduce ==
<br /> � thc charge to fh� pertnitted Iimit; and (b) uny sums nlready collocted irom Borrower whlch exr,eeded permftted Iimits wlil be ;ry,'.:r--
<br /> ', retundod to Borcower. Lender may choose to make this retund by reducing tho princlpnl owad under tho Note or by mnking n
<br /> - d'vect pAyment to 9orrower. if e roflmd reduces princlpal, the reducUon wlll be trented es a partinl prepayment without any ���°��:„
<br /> : ,.� . � prepayment chargo under tho No4e. -
<br /> 14. NOtICe3.Any notice to Bo�rower providad lor in thls Security instrument�hell bo gfven by delivedng k or by mall!ng it
<br /> by first cless mall unloss applicablo I�w requlres uso of another method. Tho notico shall be directed to tho Properry Address
<br /> � ur anr viiier ntidres9 oorrower designaies ny na[ice to iender. Any notiCe to LentlOr snntl da cJrven Dy tlrst GU9s mall to -
<br /> Londers nddress statad horeln ur any other address Lender deslgnAtes by notico to Borrower. My notico provided for In thls
<br /> Securiry Instrument shall be doemod to heve been given to Borrower or Lender whr,n given as provided in thls pamgraph,
<br /> „ ., 15. C3OVOfnittg Lew; Severabillty. This Security Insirument shnll ba govemed by (eder�l law and the law oi the
<br /> , jurisdctlon in whlch the Property Is located. In tho avont ihat any provlslon or clause ot thls Security inetrument or the Note
<br /> ' conflids with opppcablo law, such con0lct shall not attect other provisfons of this Security Instrument or the Noto whlch can be
<br /> g'n�.n eitect wlihout the contllcting provlslon.To thls end the provlslons ot thls 5ecurity Instrumenl and th�Note are declured to
<br /> bo swerable.
<br /> . 16. Borrower's Capy. Borrower shall be given ano contormed copy of ihe Note and ot Ihis Secudty instrumont.
<br /> F�3�G.LM6 (t197) vagc 3 0l 5 �����i�L��"'���
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