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<br /> • , . � Botrower may cure such 8 deiauft and reinstafe, as provided in pareSreph t8, by causfig the flction or pmceed'a�g to be _ -
<br /> • d6mis58d wdh e tulirtg tAat,in L6nders good fe$h determination.procNdes forfeiture of the Borrowers tnterest in the Property or - .
<br /> ' . � other ma4eriat¢npairm�nt of the tien creatad by this Sesurtiy �nstrument or l.enders security rt�terest 8orrower sha11 also b�e� r
<br /> • � . � detauR�Bortowor,Qurtng the toart eppGCatten process,gave materiairy tatse ov u�accurate uttormatton or sffitentents to Lender(or � y . _ ..
<br /> � - - tailed to provlde Lender w8h any material intormation) in conrtecUan wRh the loan evidenced by the Note. tnc9�ding, 6ut nat � . .`�- �' �
<br /> • •. �._ �ited to, reprasentaUOns conc�ming 8orra+xa�s occupancy of the Properry as a principa{ residence. {f this Securityr � � . -
<br />- Instrument is on a leasehotd, Horrower shalt compry wdh afl the provtstons ot the tease. If Borrowsr acquir�es teB t�ts to Ne � -
<br /> ' Property,the leasehotd and the tea title shall not merge unless Lender agrees to tne marger in writfig.
<br /> � � T. R�ateatdon of Lender's RlgQlts in the Property.�t eorrower taus co vertorm me eovenants and agreements� � ,
<br /> � � ' containea a� this Securiry Insuument, or there is e legal proeeed�g that may sign(ficanUy aiteet Lenders r�ghts �n tfis Property'�' • � ;�_ � i:
<br /> � (such as a proceedo�g in bankcuptcy.probate,tar condemnaUon or forte�ure or to entarce I�ws or reguiatlans),then Lender may� ,
<br /> � ' ^_` � do and pay (or wnatever is necessery ta protect the valua of the Property and Lendefs rlghts in the PropeAy. Lender's acNons� � � _
<br /> } °` , may inctude paytng eny sums secured by a Gen whicA has priarIIy over this Securdy tnsUument,appearUig u► couR, paying ` `
<br /> reasona6te attomeys'tees and entering on the PropeRy to make repaus.Although Lender may take action under this paragraph�
<br /> � J� ' � 7,Lender does not�ave to do so. - • �
<br /> . � � Any amourns disbursed Cy Lender under paca�apA 7 shal! tacosrte addiUonat debt ot 9orrower secured by this Security -- ,-- -
<br /> � ' Insttiment Unlsss Borrowet end La�der agree tu other terms of peymen�these 8mounis sha0 bear interest irom the date of -
<br /> " �, i disbursement at the Note rate and shall be payabte,wah mterest.upon rtotice trom Lender to Borrower requesth�g payment •
<br /> . • � 1 8. Mortgage insurance. lf Lender reqtiued mor�qage insurance es a conddion o} malctn8 the loan Secured by this
<br /> ' � Security Instrument,Borrower shBU pay the premiums required to maU►tatn the martgage insuranee in eHect.If,for eny reason,the � ,. , .�,.
<br /> ' • moRgage irssurence Coveiags wquired by Lendet Ispses or ceases to ha m eHeet.Borrower ShBU pay the premiums required to r• - �t�.�
<br />'� � . ' " • obffiin covarage substanUally equhratent to the martgage insuranee previousry in ettect, at e cost substanttatty equivaisns to ttie � . : _
<br /> �'` � cosi to Bortowet ot the mortgage tnsurance previously in etiect. from an attemate moRgage �surer approved by Lender. It
<br /> ` ..�r,�'•_.
<br /> � � substantialtY equivalent mortgage rt�surence coverage ts not avaHabte. Borrower shall pay to Lender each month a sum equal to �� ; •
<br /> � ane-tweifth of the yeariy moRgage msurance premium being paid by Bonower when the tnsurance coverage Iapsed or ceased to `�•:��.
<br /> " be►n eHect_ Lender w�1 accep�use and remb� these payments es a Iess raserve in I'ieu of mortgage h�surence. Loss reserve , ,�
<br /> • paymants may no longer be required,at tha opUon of Lender,ff mortgage insuranee coverage(In the amount and for the pedod . �,�.- .
<br /> . that Lender requUes�provided by an insurer approved Dy Lender again becomes ava�'lab�end is obtaineQ Bortower shaU pay ; r � " ---
<br /> 3{ " the premlums requued to mainmtn mortgage tnsurence�eHect,or to pcovlde a toss resenre,unU7 the requUement tor moRgage " " ����-s
<br /> :� � . insurance enQs in accotdance wdh any wr�ten agreement 6etween Borrower and Lender or eppl'icab�Iaw. `� :._ -
<br /> �% � • 9. (AS�eC1i0t1.Lender or i4s agent mey maice reasonabte entriss upon and inspections of the Propertyr. Lender shaU give �, ��;�-��__
<br />�„ : . Barmw�r notics ei ffie Ume afi or prior to an inspection specirymg ceasonabte cause tor t�e tnspecUoa —
<br /> ' � - - 10. Condemnatton.The prot�eds of any award or cla6n tor datneges.direct or cansequentlal,(n connectlon w�A any _ .
<br /> condemrtaGon or othet taking of any part of the Property,or tor conveyance in fieu of Candemnation, ere hereby flsslgned and ��—
<br /> • shail be p8id to Lender. • � � } �~ �
<br /> � In the even! ot a total taking of the PropeRy, the proceeds shaU be applf�d to the sums secured by this 3ecuricyt . {� �,�
<br /> .` . �-s.�
<br /> .` � , - Instrument,whether or not then due.with any�ccess paid to Botrawer. In the event o!a pBRiai feking of the Property in whiCh -=�
<br /> �x� ; the ffitr market vatue of the Pmperty Immediateiy before the taking is equal to or greater than tha amount of the sums secureA -
<br /> :,� , by thfs Securny InsWment immediatey before the takmg, unless Borrower and Lender otherwise agreo in wr�hi9. the sums • .�:�:�
<br /> = ' secured by this Security Instrument shall be teduced by the amount of the proceeds mulHplted by the totlowfig fraCtion: (a)th9 �
<br /> �''; � ' . • tota!emount of th9 sums secured immediately before the taking,divfdsd by(b) the tair maAcet value of the PropeRy immedistety ��' -` � __—
<br /> •'% ' •• • ;:j before the taking.My 6alanCe 5h80 be psid t0 Bocrower.In the event ot 8 p8Rf31 teking Ot the Property 6t whiCh the f86'maAcet . -_
<br /> �. vaiue of the Property immediatey betore the tekfng is tess than the amount ot the sums secucsad Immediatety 68fOre the taking, ,��a' �::,:...�<<.
<br /> • r un�ss Borrower and Lender otherwise agrea rt� wr�th�g or uniess applicable law otherwtse provldes, the proceeds sha0 he . . ��'x--
<br /> � � appiied to the sums secured by this Securiry Instrument whether or not the sums are then due. ��'���`
<br /> ' if the PropeRy is abandoned by Borrower, or tt after noUce by Lender to 8ortuwer that tAe condamnor oHe►s to make en �••�• � ,"_.:_
<br /> � award or setde a Claim tor damages, Borrower fa� ta �espond to Lender withfn 30 days efter the d8te the e¢�Ce Is gtven, f;;:r;", � y�
<br /> . ,. - .�iL'i.-.
<br /> r"• '' '" Lender is authorimd to cotfect anG appty the proceeds,et its optlon,efther to restoration or repa7 of tAe ProDerty ot to the '�1�:t;'� , ;:��"_
<br /> •�.,,.._.,�.
<br /> � " sums secured by this Security Instrument,whether or not then due. � - , ,_;.__
<br /> Unless Lender and Borrower ot�erwise egree u► writing, any apD�iceUon of proceeds to principa! shall not extend or , ,f , ��f�•-
<br /> � postpone the due date ot the monthry payments referted to in paragraphs 1 and 2 or change the amount o!such payments. . ��---
<br /> - . 11. Borrower C�¢ot Reteased; Forbearance By Le�der Not a Waiver.Extension of the time(or payment or •� � `r3��'
<br /> . . modNicatfon of amortimtion of the sums secured by this Secur�yr Instrument granted by Lender to any successor in interest o! . � .;.Y�_'
<br /> '� Bonower shail not operate to reiease the Ilabfiity of the Originel Borrower or 8ortowe�s 5uccessors In InteresG Lender 8ha0 not �� •
<br /> . � �'t+ltr�.:
<br /> `. E be requQed to commence proceedings aga6nst any successor in tnterest or refuse to extend ttma tor.payment or otherwise "���_
<br /> • modify arr.�rti�tion ot the sums secured by tt►is Securityr Instrument by reeson ol any Qemend made by the original Bortower cz � _
<br /> Bonowers successors in Interest. My torbearance by lender tn exercisEng any right or nmedy shall not be e waiver ot or �` �
<br /> ;'`�t � �I � prectude the exercise ot any dght or remedy. '
<br /> � � �� 12. SuccessaQS and Assigns Bound; Join4 and Se�erai i.tabllity; Co-slgnera rne covenancs and � �
<br /> • � • • agreements ot this Securdy Insuument sha0 b(nd and benefd the successors and ass'gns of lender end Bortower,subject to the ' .'. _
<br /> ' ` � provislons of paragrap� 17. Bonowers covenants and agreements shatl 6B joint end severaL Any Bortower who co-signs lhis � ,. , .
<br /> . � Security Instrument but daes aot executa the Note: (a)ts co-signfig this Security Instrument onty to mortgage,grant and convey '', • �
<br /> . that Borrowers Interest in the P�opeRy under the tertns of thi9 Security InsWmenk (b)is not perSOnalty obligated t0 psy the .
<br /> ' sums secured by this Securiry tnstrumenf, and (c)�qrees that Lender and any other 8ortower may agree to ex[end,modity. • . �•:� �
<br /> forbear or make any accommodations with regard to the terms of tAis Security Instrument or the Note withoui that Borrowers �
<br />' r'�+ ' cansent. • •
<br /> � i 13. Loan Chargea. If the loen seCUfed by this SeCUr�.y �nsWment is SubJeCt t0 8 18w wh1Ch Sets mexbnum loan �
<br /> ' � charges, and that law is finaly interpreted so that the Interest or other loan Charges Collected or to be col(ected in ConneCtion
<br /> • with the loan exceed the permitted limits, then: (a)any such loan charge 9hat1 be reduCed Dy the emount necessery to reduce � � , .
<br /> • the cherge to the pertnitted timit: and (b)any sums atready collected trom Bortower whbh exceeded permitted iimits wUl b9 •
<br /> .. . retunded to Bortower. Lender may choose to make this refund by reducing tAe prficipal owed under the Nofe or by makmg a .
<br /> , direct payment to Borrcwer. It a refund reduces principal. the reduction wiil be Veated as e partial prepayment without any
<br /> � prepayment charge under the Note. �
<br /> ' 14. NOtICES.My nottce to Borrower provided tor in this Securiry tnsttument shall be given by defivering it ot by meiMg i! � •
<br /> � by fUSt elass mail unless applicable law requires use of flnother method. The notice ahall be dtrected to the Property Addross ' �
<br /> � or any other address Bortower deslgnates by notice to Lender. Any not�e to lender shall Oe gNen by first ctass mail to '
<br /> Lender's address stated herein ot any other address lender deslgnates by notiCe to Borcowet. My notke pravided for in t�is
<br /> �'' • Securiry Instrument shall be deemed to have been given to Bortower ot Lender when given as provided in this peragraph. •
<br /> 15. Govemtng Law; Severability. This SeCUrity InsWment Sh80 be governed by 18der81 (aw and the 13w 01 the �
<br /> � jurisdktion in whiCh the Property is located. In the event that any provislon or clause ol this Securiry Instrument or the Note .
<br /> conflxts with appligebl9 �ew. such contflct shatt not attect other provisfona of t�is Security Instrument ot th9 Note which cen be • '
<br /> . ' ' given eHect without the conilicting provision.To fhis end the provisions o}this Security Instrument end the Note ere deClared to . .
<br /> � be severab�e. .
<br /> i
<br /> 16. eoirower'8 COpy. Bonower shall be gNen one contormed copy of the IVOte and ot this Security tnstrument. � • �
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<br /> - - ' Fi3•9tY.A�t p7) Pag�9 of 5 ��� � � . � .
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