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<br /> f� ` . ! Borrowet rray cure such a defauft end reinstate, fls provided tn paragraph 18. by causing Qhe actloo or proceed'mg ta De �`.� �` �`
<br /> • 3 dismissed v+ith 8 rufmg that,in Lendei's goad fa�th detertn(naNnn,precNdes kfrfe3ure of the Bortower's interest in the Property ot ;_-�� •
<br /> � � ` c'�� ather materai irt�qa'sment ot the Gen created by this Secur3yr instrument or Lender's secur�y fnterest Bortawer shall also be c� �.` , s :
<br /> ,•:.� . . � default if Borrower.during tAe[oan appGcatian process.gave rt�aterialtyr tatse or inaccurate infom�iion or sffitements W Lender{or `
<br /> � �_. ' .i ffi i t e d t o prov l d e L�n d e r w a h a ny m a t 9 r i a t i n t o m�B U o�) u� c onn e c t i on w�h the Ioan evidenced b y the Note.hctud'm g. but not (� �, ' „r°
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<br /> ` �nnited t0. representatlons cancemfng 8ortowers accupancy ot the Proparty es a principal residence. lt this Secutdy � `
<br /> ' ` _. � tnsbument �s on a lessehotd, Borrower shaU comply with ell the provistons of the 1ease. it Borrower acqu3es t�tdte to tti9 t � � �� ' ,
<br /> j �� � Properry,the teasehotd and the fee t�te sha0 not merge unfess Lender a�ees to the merger in w�tng. , -. .
<br /> < 7. Protecuon of Lender's Rights in the Property. �r eorrower te7s to perform the cavenants and agreements � ��.
<br /> T.� , con�ceed in this Secwlty Instrument, or there is a tegal proceed'ng that may stgn�iCantty aNect Lsndefs rtghts in Ne Property � <
<br />�, ; . � ; (such as a proceedmg rt� banlwpocy. probate.for cortdemnatlon or tarteiture or to entorce Iaws or regutaUans),then Lendar may�A-
<br /> " ,� � do end pay ior whatever is necessary to protact the vahie ot the Propecty end Lenders rigMs rt� the Property. Lender's scHons� ��. 'S.' "
<br /> - , . ��� may mc�ude paying any sums sscured by a fren which has priority over this Socurdy Inshument,apP�g � �u� PaS�9 -
<br /> = reasonabie attomeys'fees and entering on the Property to make�epahs.ARhough LenQer may take acUon under this para�ap h�: _, . .....
<br /> - �,—--� 7,Lender does not have to do so. ° `- �
<br />- , My amounis disbursed by Lender under paragr,aph 7 Sha�become add3ional debt of Borrower secured 6y this Socurly .`� ♦`� ,
<br /> - - _ � instrumertt Untess Bortower and Lender agree to otAer terms of payment,these amounts shall bear interest trom the date of , "
<br /> .y � , disbursement et tho Nate rate and ShaO be payahls,wdh interest,upon notke from LenQet ta Botrovrer requestlng paymen� . : _
<br /> .:; � ;� 8. Mortgage Insurance. If Lender requrted mortgage insurance as a cond�ion ot making the Ioan secured by this ' ,
<br /> =�; . 3eCUrty tnstrument,Borrowar shaD pay the premFums requhed to matntain the moKgage Ensurance in effect If.for any reason,the �- f " ..
<br /> • '.`j martgage fnsurance cover�qe requhad by Lend�ispses or ceases to be rt�eftect,Bormwer sha0 pay the premiums required to �
<br /> '��` • ) obtatn coverage substanti�yr equivalent to tfie martgage insurenCe P�ausry in effect,at a cost subsffintialry equivelent w the � ' `�.`'.`
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<br /> .:; � � cost to Borrower of the mortgage insurance pravfousy m effect,fram an aftemate mortgage insura� approved by Lendec. lt . ' �5���`
<br />-•z�.. , • substentiaty equivatent mertgage a�surance coverege is nat avaifable, Borrov�er shaU psy to Lender each momh a sum equal to �_"
<br /> .:�i. " � onanvelRh of the yearly mortgage tnsu�nce premium bea�g patd by Borrower when the insurance coverage Ispsed or ceased to ,
<br />-'-i`.;- ;'6 be tn e8ect. Lsnder w�11 accept,uss end retatn these payments es a loss reserve(n Geu of mortgage insuranrs. Loss teserve —
<br /> !�;: � � payments may no tonger be�equ6ed, at the opfion of Lende, �7 martgage insurence coverage(� the amount and for the period , � . __
<br /> ��;'� that Lender requires)provided by an tnsurer approved by Lertder again becomes awalabfe and is obtained. Barrawer sha0 pay . }::;""_
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<br /> - • the prem4,ms requtred to maintatn martgage insursnce In efte�t,a to provtde a tass reserve,untD the requirement for mortgage =_
<br /> . � ' insurence ends in accordance wfth any written agreement betv►een Borrower and Lender or appitcable law. � __-
<br /> �:�, 8. Inspection.Lander or its�qent rttay make ceasoneDte enUies upon and inspections of the Property. Lender shall give � `� � ��.�
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<br /> �^ r Bortower rtotice at the 6me of or prior to an inspection speci(�ring reasonebfe ceuss tor the tnspactkn. �---
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<br /> ,;._ 10. Condemnatioa.The proceeds of eny award or claim for damages,drcect or consequential, in cannecUon with any
<br /> ;,;:� , �� condemnation or other takmg of any part of the PropeRy,or fot comreyance fn Geu ot condemnaUon, are heceby asstgned and • `�,'�,-
<br /> i•� • �' sfiefl be paid to Lender. .. �
<br /> �y� -_ ' �� In the event ot a total taking ot the Property, the proceeds shatl be appQed to the sums secured by thts Securiry • '..�o:�;,Y`
<br /> f;j:: �, fnsuumen�whether or not then due,wEh any excess paid to Bartow�r. In the avent of 8 pertlal teking of the PropeAy in wh(ch `"�`"- "�:
<br /> � • � the talr mancet vatue of the Property immediatey 6efare the faking is equal to or�eater than the amount ot the sums secured '"�.�
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<br /> , by this Security InsVument unrt�ediatery before the t8king, un(ess 8orcower and Lender otherwise egrea in wrfting,the sums , �,�.�`__�-;,
<br /> ;;-:`:t • secured by this Securiry Inswment sha0 ba reduced by the amoun! ol the proceeds muRlplfed by t�e toilowing fraeUon: (a)the .. , ����;-
<br /> totai amount of the sums secured immediateiy before the feking,divlded by(b)the faU meAcet v8fue of the Property Immedi8tetyr ,. ;�-=��
<br /> ��`. � betore the taking.My batance shall be paid to Borrower. In the eueni ot a partlal taking ot the ProDerty fn whbh the faU maAcet , • '�"��-
<br /> ;�'.' value ot the Property immedi8tety befOt6 the tekhtg is less tharf th9 6m0urrt of the sums seCUred'cntnediately 6efote the tEking. �: :�—
<br /> _ -' � uniess 8onower end lender athenvise agtee tn writing or unless appltcabie taw othenvise provtdes, the proceeds sha0 be :'-,��. • -.-_-
<br /> appiied to the sums secured by this Secur�lyr insUvment whether or not the sums ate Nen due. a Y, ��'�
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<br /> , , If the Property ts abandoneC by Boaower,or H,after nottce by Lender to Borrower that the condemnar ofter's to malce an ' �r�� .
<br /> ;`::� . award or settle a elaUn tor damages, Borrower faas to respond to Lender wRhin 30 days efter the date the naUce is glven. . `�'�,T,-;
<br /> �� Lendar ts sulhorized to col�ect and appy tha proceeds, at Rs option,either to restoration or repaU of the Property or to the ' `
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<br /> ' • sums securad by thts Security Instrument, whether or not then due. -+�
<br />_ , , . Untess lender and 8orrower aiherwise agree in writtrig, any applk;ation ot proceeds to princfpal shall not extend or ��� � �`��;�-:
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<br /> . . postpone the due date of the monthty payments referred to in paragraphs 1 and 2 or change tt�e emount ot suCh payments. :t,.;; : . R-
<br /> �, � 1 t.Borrower Not Reteased; Forbearence By Lender Not �Waiver.Extension ot the time tor payment or ' � '�-
<br /> . . modiBCaUon of amort(�atton of the sums secured by this Securityr Instrument granted by Lender to any successor b tnterest of ,�_' ' -
<br /> 7,.�., ' Bortower sha0 not operate to release the Iiabtlhyr ot the original Borrower or Borrowa�'s successors in interest Lender ShaO not � ` �'-
<br /> r-.::. , be required to commenee proceedtngs sgainst any successor b interest or refuse to extend thne for payment or otherwise � .�''�'
<br /> ' modiy amortimtian of the sums secured by thls Security Inswment by reason of eny demand made by the orfginal BaROwer or
<br /> • , � Borrowers successors U► fnterest. My torbearance by lender in exercistng any rlght or remsdy shalt noi be e waiver of or -.-=-;�° `"`�=
<br /> ::� � :r precluQe the exerclse of any rlght or remedy.
<br /> ��� � 12. Successors and Assigns Bound; Joint and Several Uabil(ty; Co-signera 'rne covenants and • �
<br /> �.�;_�. agreements of this Security InsVumant shail bind and benefd the suecessors and assigns o}lertder and 8orrower,subJect to the ' '
<br /> provisions ot paragreph 17. BoaowErS covenents 8nd agreements shell be Joint 8nd SevefaL Any Bonower who casigns this �
<br /> • • , Securityr Instrument but dees not execute the Note: (a)is Co-signing this Security Instrument onty to mortgage,gr8nt end corrvey • �
<br /> : � � , that Bartowers interest in the Property under the terms o(thts Security instrumenk (b) is not personelty ob�gated to pay the �
<br /> ' . sums secured by this 3ecurityr Instrument; and(c)agrees that Lender an0 any other Bortower may agree to extend, modify. '
<br /> .�,'`• ' fofiear or make any accommodations witfi regard to the tertns of this Security Instrument or the Note without that Borrowefs , �
<br /> consent.
<br /> '` � . i 13. L08D Charges. If the loan seCUred by this Security InSUument is subJeCt to a law whbh sets meximum loan �
<br /> . , Charge9,antl that Iew Is finaly interpreted so thet the Interest or other toan charges Coltected or to be Collected in ConneCtlon -
<br /> . . • � with the loan e�cCeed the pertnitted Omris, then: (e)any such loen charge ShaO be reCuced by the amount necessary to reduce � . �
<br /> the charge to the pertnitted limil; and (b)any sums aUeady cottected from Bortower whkh eocceeded pertnitted �onits will be
<br /> � '• refunded to Borrower.Lander may choose to meke this refi,nd by reducing the pMcipal owed undel the Note or by msking 8 • . •
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<br /> ; .. . d"uect payrrent to Bortowet. H a relund reduces principal, the reduCtton wiil be treated as a peRial prepaymen!without eny
<br /> � : prepayment charge unCer the Note.
<br /> i '' 14. NoUcea a�y notice to 8ortower providetl tor In fhis 6ecurity Instrument shatl be gNen by delivering it ot by m8fling it �
<br /> � ;. by ftrst class mail unless appticabte taw requUes use of another method. The notice shall be directed to the PropeRy Address �
<br /> �, � • � or any other address Borcowei designates by notice to Lender. Any notiCe to Lendar shall be given by fust ciass m&(I to
<br /> ; �r, j Lenders aCdress stated herein or any other address Lender designates by notice to 8onower. My notiCe provided tot in this
<br /> � ; SeCUrity Instrument sheil be deemed to h8ve been given to 8ortower or Lender when gNen as ptovW9d(n this paragreph. ,
<br /> .! 15. Governing Lew; SeV8f8b1U�1. This Security InsWment shail bA govemed by federal law and the law o}the .
<br /> �' ' ! JurlSdiCtion �n whiCh the Property is toCeted. in the evenl that eny provision or C1au59 ot thiS SeCUrity instrument 0►tne NotO � . � .
<br /> . � � conflicis wi�h applicable law.such connict shall nat aftect other provislons ot this SeCUrity Instrument or lhe Nofe whkh can be •
<br /> � � given eNect withaut the confliating provision.To this end the provistons of this Security InsWmen+and the Note ere declared to
<br /> - : be 5everabl9. ° ' .
<br /> ;� :. 16. Borrower's Copy.Borrower shall be given one conformed copy o?the Note an0 of this Securityr Instrument � ,
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