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<br /> ' , i Borrower ma cure such a defauft and reinsiate, es : ` . � _
<br /> , ; y provided in paragraph 18, by causing the action or proceedmg to be 'r'�; ,
<br /> . . ?i ' dism''-aee�wqh a rul'mg that,m Lender's good ta�h detertnirtatron,prechrdes torfe�re af the Bortowets mterest m the Praperiy or [t � L
<br /> other materiai impairtn8nt of the Gen C�eated by thLS Securny Instrument or Lenders seCUrity interest. 8ortower ShaD a►SO be�n `' '
<br /> � �� defauft it Borrower,during the toan eppticatton process,gave maieriaUy tatse or inaccurate infortnation or stetements to lender(or • ,
<br /> • . - � fa7ett to provide Lender w�h any materiai (nformaUon) in Connectian w�h the ban evldenCed by ths Note, inc4tdfing, hut not � � -•- '"s`.
<br /> � funrted to. cepresentatiorts conceming Borrowefs occupanCy ot the Proparty as a prirtctpal residenee. tf this Sec�rity ,
<br /> ` • . tnshument is on a Ieasehold. Borrower shaU comply wRh a0 the provisions of the tease. If Bortower acquuss tea titJe to the < � �
<br /> • • • Property,the leasehotd and the tae ttte sl�all tfat merge unless Lender agrees to the merger in writu�g. ,� , � . „ . ..
<br /> . � . 7. Protectlon o!Lender's RigF�ts in the Property. if eoROwer fa�ls to perform the covenants and agreaments � -
<br /> , contained in this Security Insbument, or there is a tega:proceeding that may sign'd'icantiy eHect Lender's rights in the Property � ` . �
<br /> _ � . (such as a proeeedmg in bankniptey,pro6ate,for condemnallon or tode�hue or to enfaree taws or regu�tions?,then Lender may � .
<br /> � � do and pay for whatever is necessary to prBtect the vafue at the Prope�ty end Lende�s rights tn the Property. Lenders actians ' � � � ' �
<br /> , � may inc4�de paying any sums secured by a Iien which has priority over thls Securny InsUUment, appearng in court, paying r �
<br />_ � -_ reasonabte attomeys'fees and enterhsg on the Property to meke repaus.Afthough Lender may teke action under this paragraph , k -:�_'�_��_._�-:i_
<br /> �- ' T,LenQer does not have to do so. `� � '°
<br /> " � My amourtts distursed by Lend�under paragr�aph 7 shaH become addi�onai debt of Borrower secured by this Securt'ty �
<br /> �v
<br /> �. Instrumen� Un(ess Borrower anA lender agre9 to aiher tertns of payment,these amaunts shall bear interest from the date of � ' -
<br /> � .. .."p!.- '��...'..
<br /> disbursement at the Note rate and shall be payab6�,wfth fiterest,upon notice from Lender to 8orrower requesting paymertt. ' �
<br /> 8. Mortg8ge InsurBrtCe. If tsnder requhed mortgage msurance as a cond�d'on of making the toan secured by this � . . , -
<br /> Secur�lyr tnstrument,Horrower shall pay the premiums reqaued to maintain the maRgage insurance in effec�if,for any reasan,the " " �" :.�
<br /> . mortgage inswance coverage required by Lend�Iapses ar ceases to be m effect,Bortower shaU pay the premvms requtred to � �`�'T"'
<br /> � obtain coverage substantlally equivatent to the mortgage insurance previousty m etfect,at a cast substantfaRy equivatent to the ` ��`.;`.`�,`
<br /> � cost to Borrower of the mortgage tr►su:ance previousty m eftect, irom en eRemate mortgage uuurer approved by Lender. If ' `
<br /> :..,�ta�,
<br /> ' ., substanUally equivalent mortgage insurance coverage is not ava�abls, Borrower shaU pay to Lender each monM a sum equal to • ' ='�a
<br /> ' � �� one-twelfth of the yearly mortgage insurence premvm bemg paid by Barrower when the insurance coverage tapsed ar ceased to � . �,s�=-�
<br /> � be in eHect Lender wi9 accept,use an0 retain these payments as a foss resenre fi fieu of mortgaga irs�srartc� Loss resenre � _ =---
<br /> i:
<br /> • • payments may no longer be requirsd,at the aptlon of Lender, 3 mortgage rt�surance coverage(in the a�ount and for the period � - _ -�
<br /> i �.; that Lender requtres�provlded by an Insurer approved by Lender again becomes avai7abfe and is obtafieC. Hortarver shau pay �
<br />- • � the premtums requ6ad to maintafi mortgage insurance in eNect,or to provide a loss reseive,untl the requ�ement tor mortgage �--� � :�;—�
<br /> • insurance ends'v►accordance with any written agreement between Bortower and L.ender or appl'�cabis law. 'i�_
<br /> • "��:� 9. Inspection.Lender or its agent may make reasonabte er►trtes upon 8nd inspections of the Property. Lender st�all give � �
<br />, ' • Bonower notice at the time ot or prior W en inspection spec�Tying reasonable cause for the inspectlon. �. � ;•. ;:.:�
<br /> '`�� 10. CondemnatIon.The pro�eeds of any award or ctaim for damages,d'aect or consequenttal, in connecttan wfth any -
<br /> ' condemnation or other taking of any part oi the Property,or tor eonveyance in I'�eu of condemnaUon,are hereby esstgned end ,[y.�,�;�€'
<br /> , � � shail be paid to Lender. �L"-�°-�
<br /> .. � In ths eveni of a total taking of the Property. the proCeeds sh8{I be eppGeO to the sums secured by this SeCUrdy .�, ,� ,'�'•"�'��":
<br /> � instrument, whether or not then dus,w�h any excess paid to Bocrower. tn the event ot a partlai taking of tha Praperty in whlch - � ��"'��"
<br /> :, . the fair market vaiue of the Property immed�atety befoce the taking is equal to or greater then the 8mount of the sums SBCUred � ;:_�=
<br /> by this Security tnsbument immediateiy before the takmg, untess Borrower and Lender othervvise a�ee in wr�Tbig, the sums � ����
<br /> . •, .:r�A:
<br /> ' . sacured by this Secutity tnsUUment shall be reduCed by the amount ot the proceeds multip0ed by the foliowing fracUo�: (a)the � ;._��
<br /> . , . ' total amount of tt�e sums secured hnmediatety betore fhe taking,dlvided by(b)the tab martcet vatue of the PropeRy unmedratey ` -
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<br /> i hefore the tak�g.My 6atanCe shall be paid to Borrower.In the event ot e pertiel ffiking of the P�opeRy in whicb t�e fa�maAcet . '�'�'�''
<br /> � . } vatue of the Property trnmediatety before the taking is iess than the amaunt ot the sums secured fmmediatsy before the taking, - � `. �! '��="
<br /> , • unless Borrower and Lender otherwise agre9 in writing or unless appiicabte Iaw otherwise provides, the proceeds shall be ' ��-�'''
<br /> ... appUad to the sums secured by this Securly instrument whether or not the sums are then dua �'�'=
<br /> ;.�J..»,�.._.
<br />, If the Property is abanQorted by Borcower, or M, after notice by Lender to Bortower that the condemnor oBers to maAe an ?',';�. . ',�-�'=
<br /> r-�.:--
<br /> - . " award or settte a ctatm tor damages, Boaower faUs to respond ta I�nder withfn 30 days after the date the notice ts given, ����:`'`•�' �'•,=$�
<br /> ' � Lender is suthoraed to collect end apply the proceeds,at Rs option,eRher to restoratfon or repau o}tt�e Property or to the • � `�!�'?°
<br /> . sums secured by this Security InstrumenL whether or not then due. • . • - �° •
<br />' Untess Lender artd Borrower otfierwise a ee in writ6i , an a piicaUon of ��`�°
<br /> gr g y p proceeds to principal shatl not extend or ;' �,_=-__
<br /> , p05tpone the due date of th0 mOntnty payments rBferred to in paragraphs 1 end 2 or Change the 8mount ot Such payments. ' . �.' ,r�_��p�'
<br /> : - � 11. Berrower Not Released; Farbearance By Lender Not a Waiver.6Rension of the time for payment or • � , :_- j;y
<br /> • . ' modiEicatlo� of amorti�tton of the sums secured by this 3ecuriry Instrument granted by Lender to eny successor In (nterest of :- ��
<br /> t 8orrower shatl not operete ro release the ItahDity ot the original Borrower or Borrowers successors in intetest. lender sha0 not � � ` �-
<br /> be requtred to commence proCeedings against any successor tn interest or reluse to extend time for payment or oMervvlse � , , � .
<br /> modi(y emortiratfon of the sums secured by this Secur�y InsUument by reason of eny demand made by the o8g(nal Bortower or .�•�;
<br /> , '� BoROwe�s successors in interest My forbearance by Lender In exercisfig any right or remedy shall not be a waiver of or .' . .
<br /> preciude the exetc(se of eny right or remedy. '� �•
<br /> . ! 12. Successors and Asslgns Bourtd; Joint and Several Liability; Co-signera Tne covenants and � .� "
<br /> � . 1 agreements of this Secur�yr Instmment sAall bind and benefit the successo�s and essigns of Lender and 8ortower,subject to the . � , ��;
<br /> provisions of paragreph 17. Bortower's covenants and agreements shail be)olnt and severai. My Bonower who co-sigr►s this . • � .
<br /> ' Securiry Instrument but does not execute the Note: (a)is co-sfgntng this Securiry Instrument ony to mortgage,grant and Convey � •
<br />_ • '� that Bortower's Interest in the Property under the terms of this Secur�y Instrument; (b) IS not personallyi obifgated to pay the , �.: ti�
<br /> � sums secured by this SecurRy InsUument; and(c)agrees that Lender and eny other Bortower may agree to extena,modihr, • . •_ _,
<br /> forbear or make any accommodetions with reg8rd to the tertns ot this Securily tnstrument or the Note without that Bortowar's
<br /> consent. .
<br /> } � � 13. Loen Chargea it ma ioan secured by tnis Security Instrument Is subJect to a tavr wh�cb sets maximum roan
<br /> ."' � charges,end thet law is finalry interpreted so that the Interest or other loan charges coltected or to be collected in connection . . �
<br /> � wfth the loan exceed the permitted limits,then: (a)any such loan cfiarge shall be reduced by the amount necessary to reduce � � � �
<br /> ; � the charge to the permitted 11md; and(b�any sums atready cotlected trom 8orrower whlch exceeded permKted Ilmits wfil be .
<br /> refunded to Borrower. Lender may choose to make this refund by reducing tha principal owed undei the Note or by making e
<br /> -��,� direct payment to 8orrower. I} e retund reduces principal, the reduction �viil be treated as a paRial prepayment without any
<br /> . � prepayment charge under the Note. '.
<br /> � 14. NOtiC@8.My notbe to Bonowar provlded tor in this Securiry lnswment shall be gNen by de�ivering it or by mailing it �
<br /> . � by tirst class mail unless appOCabte law requires use o}another method. The notice shall be directed to the PropeRy Address . , .
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first C►ess maii to � �
<br /> Lender's eddress stated herein o�any other address Lender designates by notke to Bortower. My notice provided tor In this • �
<br /> � Security Instrument shall be deemed to have bean given to Borrower or Lender when given as provlded in this paragraph.
<br /> ' i' 15. Gaverning Law; Severabllity. This SBCUrity tnSVument shsll be govemed by f8detel law 8nd th9 I�w ot the
<br /> � JurisdiCt�on in which the Property is lOCated. In the event that any provlsion or Ciause Of this SeCUrity instrument or the Note
<br /> � � canflicts with appllcable law,such contlict shall not aNect other provisions of this Security Instrument or the Note whieh can be
<br /> gaen eHect wrthout the conflicting provision. To tAis end the provisions of this Security Instrumsnt end ths Note are dectared to � � �
<br /> �; be severable. .
<br /> 16. Borrower's Copy. Bortower shall be given one confortned copy ot the Note and ot this Security Instrument. � �
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