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<br /> -(-_ � ". ___ __.. .`._w .. . —uR . � _ -... _ .. . ..� .�, ••1 •t , C� ' � .
<br /> � . ' h t8. by causing the actton or proceeding to be ' •_: _�:: . _ �� :
<br /> . ' Bw�ower may cure such a detautt end reinstate.as Pmv(ded in paragraP �'� •;., . . • -
<br /> wr ,�F�
<br /> , dismissad wit!►a�uGng tAaR��e�ders good taith determination,prBCAides totfe�ut8 of the 8���� Bor�rower�shallPatso bs tn �' � ��� `' �
<br /> � other materia�rmPahment af tha Ikan ereated by thLS Sea+ritY Instrument or Lendee`s SecuritY � � ,,
<br /> � •� QetauR a Bortower.dudng the loan ep0�o^�}oromiation)�nY co�eeUon ws�h th9 toanu�evidencedbynthe Note, includm9.but not� . . - ,s .�
<br /> � < <• ' taTed to P�ovlQe Lender with eny materlal � s princlpat reslEence. Ii thts Seeurity, � ,. , .� ;
<br /> •�`� � t7nited to. repcesentfltions Conceming Bartowers caupancY of the Prop�rtY = � "`
<br /> � `s � mstrumont �s on a Ieasehol0. Bortower sna11 compty with a0 the pravisions ot Ne lease. It Borrorver ecquires tee tit►e to ther�jj °"`,� '.
<br /> Properq�.the leasehoid and the fee t3te sha11 not mecge unless�e�de`t Bag���� �� �8���covenants e�d eS��mgnfs��'" . .
<br /> ` 7.Protectton of Lender's Righta in the Property . � ;
<br /> ° containe4 in this Se�urdY instrument, °robate.tor condemnation o�rga+teiNre or to�e�� �S�qon,$),thenmlende p�� - _� .
<br /> ' • (such as a praceedmg in bankruP�Y•P �d��s�h� in the Properly. Lendets actians� ,
<br /> do and pay tor whatever is necesserY to proteet the vaiue at the PropeRy in couR, DaYN9 � � -= �. `
<br /> ----y: may include paying any sums seCUred by e Iien which has Drloritq o������tnay�take actiovn under this Ga►a9�eRh �, �.•-.? .� . • 1 --
<br /> - - . to make repa6s. n u • --- - .
<br /> reasonabfe attomey�'tees and enterin9 on the PropeRY ---z---�-._—��
<br /> �� 7,Lender does not have to do So. � �
<br /> ' � ' Any amounts disbursed by i.ender under paragraph 7 shal� bec°me add�nel debt of BoROwer secured by this Securd!►
<br /> InsVument Uniess Bortower end �ender eg�ee to other tgrms of paymen�these am0unts ShaU bea� �terest ftom the date ot :
<br /> disbursement at the Note rate and shail be payab►e.with intarast.upon notice from Lendsr to 8orrower requestmg payment <:: ' -
<br /> ' � 8. MOftg8ge ID8Uf8ttCe. lf Lender requ'Qed mortgage insurance as a cond�ion of maktng ttre toan secured by this ... : ,.
<br /> Securdyl tnstrument.Borrower sfiall pay Ne premiums re�Nhed to mamtain the mortga9a insuranae u►eftect.ff.(Ot sn9[e8so°�the . .c . .
<br /> . ' .. mo rt g a g e i n s u r a n c e c o v e r�q e r e 4uVed b y Lender tapses or ceases to be tn eftact, Barrower sfisu DaY the prem[ums requ(r�ed to • �:��._-:
<br /> ob� covera9s substantiaUyt e4uNater►t to the mortgage insurance P�v��N �s�at a co s t s u b s t a n t i a l►Y e q u i v a t e n t to tlie ,
<br /> "�j cost to Bortowet of the mortgage insurance previousry in eftect.irom e� altemate martgage msurer sPproved by Lender• it .'c� �F,°':(:
<br /> substanUatN eQulvalent martgaSe ins�+rence coverage is not availabie,Bonower shail pay to Lender each monti�a sum equal to , �
<br /> ma e insurance premium being pald by Borrower when the insurance coverage tapsed a�ceased to '-�:+��.��
<br /> one-twetlth of the yeaM RSaB (nsurance. Loss resenre `"'"' '"�;'�.`
<br /> � be in eNect- Lendet w�l acceP� use end retain these payments as a loss�asenre in Iieu of moct�ge
<br /> payments may no longer be requhed a!the aPtio�a}Lender.�mortgage o�surance cwera8e(in the amount and tor ffia pedod , v - : �-_°:_
<br /> `.:..�<_,. .
<br /> that LenQer requires)Pmvided by an b►surer apProved by Lender agau►becomes ava�Tabig end is abffimed. Borrower sha0 paY r �°°...
<br /> � ` tAe premiums requtred to maintaln mortgage insurance� eHect.or to provide a loss[eserve, unU7 tha requtament tor moRgage , ~<:'� .'
<br /> ent between Bartowet end Lender ot applicab�s taw• ', °�=`--
<br /> . ' '" insurance ends in acCOrdance w�h enY wr�te^agreem Lender s�a0 give - � ;-
<br /> � ' 9. lnspactton.Lsnder or its agent may make reasonable enMes upon and�►specNnns of Ne PropertY- - `��_:�;,L�___
<br /> � � .•_J`: Borrower notice at the tlme ot or prior to sn inspection specihrin9 reasunabl�cause tor the inspection. � ..�_
<br /> '���y 10. Condemnation.The pmceeds of eny 8ward or clartn tor damaSes,diiect or consequenUal, in ConneCti�n w�th anY ,::
<br /> l��`t condemnation or other taking of any peR of the Property.or for conveyance a�Geu of condemnatlon,ere hereby assigned artd ,����
<br /> . sha0 be paid to lendaz. . '��t! .1c.x�.
<br /> In tne event of a total taking o! the Property. the proceeds shaU be applled to the surt►s secured by thfs Secu►+tY --�� .
<br /> InsUument,whether or rtot then due,with any exeess D�d�BoROwer. In the event ot a partial fakin9 ot the Property In wh(cfi
<br /> - tha fac maAcet vaiue oi the PropertY 6rnnediateiy befare the takfn9 ts e4ua1 to or greater than the amount of the sums seCUred
<br /> ' by �� ��u�ry MsUUment immediatet/ befare the tsking. un►ess BnrroWer and Lender othenvise agree tn wrfttri9+ the sums :� �
<br /> secured by this Security lnstrument shaD be wduced by the amourrt af the praceeds multlplied by the foliowin9 h&CUon: (a)the �., �.�;��
<br /> total amount of the sums secured immediatety befare U+e takm9.divided by (b}tt►e faU market vaiue ot the PropertY immedtateN
<br /> betore the taktng.My balance shall be patd to BoRawer.In the event of a paRial takin9 ot Me FropeM���h the fac market :;�
<br /> vatue of the ProperlY immediatery beto�e the taktr�g is tess than the amount of the sums secured immediately beMre the taking,
<br /> untess Borrower and Lendet otherw'se agree in writin9 or uniess applicabl9 taw otherw ue�.p�ovldes, the proceeds shall be ���+��11
<br /> �<< applied to the sums SeCUred by this Securily Insbument WheMer or not the Sums are then 0 ,;,��
<br /> ' Ii the P�oOeRY is aba�Qoned by BoROwer,or if.after noUce by Lender to 8orrower that tt�e condemnor oHers to make an . �•��
<br /> � award or settte a ciaim tor damages. Bortower faits to respond to Lender wNhin 30 days after the date the noUca ts 9iven� , .��e�T_
<br /> � � Lender is authoraed to coilect end appty the proceeQs. et its optlon, eRhet to restoration or repair ot the Property or to the
<br /> sums secured by thfs SeCUrity Instrument,whether or not then Que. . �� ��`*�r�•
<br /> � ' Untess Lender and Borrower otharwise agree � ��9. e�Y a00�tion of proceeds to principal shall not e�Rend ot ` ��,���_.�..�
<br /> postpone the due date of the mo�hty Dayments referred to in para9raPhs 1 enC 2 or change the amount ot sucfi payments. ��;.T
<br /> � � ' 11. Borrower Not Reteased; Forbe�rance By Lender Pioi a Waiver.Extension of the tlme for paym6nt or 1}��-
<br /> � ' S mod'dicaUon of amoRimtlon of the Sums Secured by this Security tnstrument granted CY lender to any successor in fiterest of
<br /> Baaower shall not oaerate to retease the liabifdy of the original Bortower or Borrowefs successors in fnteresL Lender shall not . '�w•�•
<br /> be required w commence proceedtngs against anY successor in interest or refuse to excend Ume for payment or otherwisv . � ,�:.�
<br /> modityr amoRiraUon of the sums secured by this Securiry Instrument by reason ot any demanfl maQe by the orlginal Borrower or ,
<br /> ;'�`�'_
<br /> � � 8ortowers successors in interes� My forbearance by Lender in exetcising e�Y right or remsQy shail not be a waNer of or _
<br /> ' � . precNde the exercise of eny right or remeQy. � '' ,. ' ,
<br /> ' 12. Successor$ and Asslgns Bound; Jeint and Several Liabllity; Co-st9nera n:e cove�an:s and
<br /> agreements ot this Securtty tnsuument sha11 bind and benefd the successors and ass�gns of Lender anG Borrower,subject to the
<br /> ` � � � ptovisions of paragraph 17. Borrowers covenants and agreemeots shall be Jo�t and several. My Borrovrer wh0 Co-signs this :
<br /> SeCUriry Instrument but does not exeCUte the Note: (e)is co-s19n(n9 tfiis SeCUr$y Instrument onty to moRgage.grent end convey
<br /> ' that Borrowers interest in the PropeRy under the terms ot this Securrty insuumenk (b)is not personalry obtigated to paY the , .
<br /> i . sums seCUred by this Security Instrument; and (C)agcees that Lender anC any other Bortower may agree to extend. modiryl, . ; , . . .
<br /> • forbear or make any accommodations wRh regar0 to the tertns of thls Secur'a.y Instrument or the Nofe wRAaut th8t Borrowers
<br /> i + consen� "
<br /> - � � - � � 13. L08T1 ChBig@S. If the loan secured by thia SeCUrity Inst►ument is subject to a law whbh sets maximum loan
<br /> . + charges,end that law Is linelly interpreted so that the interest or othet loan charges collected or to be collected in connection
<br /> wilh the loan exceed the permitted tlmits.then: (a�any such loan charge shatl bo reduCed by the emour�t neCesssry to reduce
<br /> the charge to the permitced Iimik an d (b� eny su m s a V e a d y c o l t e c t e d i r o m 6 o r r o w e r w h t c h e x ceeded permitted Nntts will be
<br /> d�ect payment toYBo oweref maa f elund red esepr ncipal,�the reduct ongw I bet Veated es e partial prepaymentbvithout 8ny � , .
<br /> prepayment Charge under the No'e. � ,
<br /> 14. Notfcea.Any notiCe to Bonovrar provided tor In this Security Instrument shall be g:ven by delivering it ot by ma��m9 n .
<br /> by first Class mail unless apP��1e�W�equhes use of another method. The not�e shall be directed to the Property Address
<br /> or any other address Bortower designates by notice to Lender. Any notke to Lender Shali be g�ven by flrst cless mail to �
<br /> Lender's address stated herein or any other address Lender des�gnates by notice to Bo�rower. My no8ce provided tor in this ,
<br /> � • ' 1 Security Instrumant shall be deemed to have been given to 8orrowar or Lender when given as provided in this paragraph. :
<br /> 1 15. Governing Lavu; SeverabiUty. This Secur'Ay Insfrument shall be govamed by federal law and the taw of the
<br /> jurisdiction �n which the Property is located. In the event that any provision ot c l ause of this Securiry Instrument or the Note
<br /> .. � givenceHect without he confliCNng provfiS on.hTo th 9 end'the prOVisions of this S9CU�r stru e t and the Not t a e declared to • . •
<br /> 1 be Severable. � of the Note and of this SeCUrAy InStrumeM• � ,
<br /> 16. Borrovrer s Copy Borrower shall be given one Contotm9d Copy .
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