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<br /> <� } h 1 b caustng the acUon or proaeed'mg to be .°— ..��,�
<br /> ; _ � 5 f ,Bortawer may cuce such a detaus and cea�state. es ptovtd9d in P�9�A a Y .
<br /> � 1 dismisssd v�dh a ruling U►a�fi Lenders good faGh dstetmmallon,PrecNdes torfedure ot the Borrower's interest tn the Praperty or ' <:� -
<br /> - � '`t I . �� oMer materal unpatm►ent ot the G6n created by this SeCUritY fnsW�t ar l�der's Securty b►terast. Bartower Shali also be o� :
<br /> _ . , I defaua R Borrower.durim9 the Ioan aPPlication pmcess.9ave ma�e�Y�or irtaccurate infoRnaBon or stamments to Lendar(or , .
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<br /> � faited to provide Lender wRh e�ryl materla�intormat�on) in connecUon w�h the loan evlQenced by the Note, inctudmg,but not �:'-a. �_ °.
<br /> . , ._F. � ��. i ot the PropeAY as a PdnCtpai residenee. If th(s Securnl► �.• �°:� .,
<br /> . i , ' • << lanrted to, representatlons wrtceming BOROwer's occupancy �
<br /> ' . Ins�ument s on a leaseho(d, 8oaower SAaD corr�ry w3h afl!he P�tans of the Ieasa If Bortowflr eaQuues fee t�te to the , I .-
<br /> •_ . • Property.the leasehold end the tee trtls sha�l rtot m�ga uniess lenQer e�ees to the msrger fn wrdtr�g. . ;:,
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<br /> ' � � - 7.Protection ot Lender's Rights in the PropeKy.�+eocrower faits to PeAonn ths covenants and agreements � ,-� Y _
<br />'=}'- attect�enaers rigtns tn the Property �.
<br /> ` contained in thts Secu�tY Instrument, or there is a legal Procesd�g thei maY signifipntN �
<br /> � ' (such as a p.mceeding in bankruptcy.probate.for con d emnetion or fode�re or to eniotee taws ar regulBJons),then lender may ,
<br /> ' � do and pay tor whatever is necessary to protect tne vatue of the Properry and l�nders r�hts in tha Property LenQefs aedons � ` °£S� :. ,
<br /> � _— may inc4�de paYing anY sums secured by a lien wfiicA has pdo�itY over this SacuritY Instrumerit. aPPBarin9 tn eaurt. paY�9 � _� -' .
<br /> �-�"`"' � f reasonabta attomeys tees and entermg on the PropeRy to make rapairs•Akhough Lender may take sctlon under this paragraph
<br /> -- - 7,Lender doss not Aavs ta do sa. � - - --
<br /> � .L ` , Any amounts dt�bursed by Lender under paragraPA 7 ShaU become add�ional debt of Bortower secured by ihis Securityl . .
<br />� ! instrumen� Untess Borrawer and lsnder agree to ot�er tertns ot payment, these amounts shatl bear lnterest trom the date of � • •
<br /> disburseme�t at the Note rate end shaU be payab6a.with interest.upon notice from Lender to Bortower request�g pa5m�ent - -. -
<br />,:'_: �< . " . 8. MottgB$e IfiSUf811C2. It Les�der reR�ed mort9a98 insurance as a cand3fon of making the toan secured bY thia � :. .
<br /> ' �� Securihr InsUUment, Botrower shall pay the premiums tequhed to matntafn the moRga$e Insurence in efffact.If,for any reason,the `.^�, ,,,�.
<br /> � ', . " � martgage insurance cover�qe requhe:f by Lender lapses or ceases to be in eHect,Bortower shaii pay the premiums requQed W
<br /> � • obtain cove�age substanttally e4uivaient to the mortgaSe msurance Dravtousy in eftect,et a cost substantiaUY eQaiva�ent to tAe
<br /> < . . cost to 8ortower of the mortgage msurance pceviousry in effeci, from an at�nal8 nwrt9age insurer approved by Lertder. it _ _ -
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<br /> •� , y�ubyKantially equivafent mortgafle msurance coverage is not avaaabSe.Borrower shall pay to Lender each month a Sum e�al to ,.� , -� Y ,
<br />_'<'. ': � . - msurance premlum being paid by Bortower when the insurance ca�erage lapsed ar ceased to . _ ,- -=
<br /> one�tweNtfi ot the year�y mortSaSe�
<br />...2, -�•�ard.---.
<br /> be m eHeat. Lender w�l accept,use and retain these payments as a tass resenre in i'ieu ot moagage inswance• Loss rese^re � � _�- -___.
<br />�:� � payments may no longer be requaed,at the optlon of Lender,ff mortgage�nsurance coverage(in t►ie amount end for the period
<br /> ��, � • � that lender requires)provtdad by an insurer approved by Lender a g a i n becom a s a v a 7 8 bfe and is obiained. 8ortower shaU pay �
<br />��: � .'�;,.: � the premIums requ'rced to malntain moRg�ge insuranCe u►eBecL or W providB e loss reserve. until the recfiiuement tor mortgage . �� '�r-_—_-�
<br /> ' �surance ends rt�accordance with any vm'tte�ag�eeme�t between Bortower and Le�der or appitcahte taw. , . ' ;,__=—
<br /> _ _. . � _ 9.Inspsctton.Lertder or its agent may make reasonabte entries upon and inspsatians of the PropeRy. Lender shaU giue : s,��
<br /> ,._..:._
<br /> - - Bortovrer nottce at the Ume of or prior W en inspecHon specityrtng reasanabie cau59 for Me Insp�tlon• !.�.-;
<br /> ;{:' ' ' 10. CORdE1rifl8U011.The proceeds of any eward or clatm for damages,d�ect or cansequent3al,in connection wdh any �
<br /> ` � condemnation or other taki�g ot any part of the PropeRy.or tor comreyance tn �eu of condemnation, are heceby assigned and �,
<br /> . �",�a
<br /> � � shaU be pa�d to LenQ6r. �'- �"'T,
<br /> � �''."� In the event of a total ffiking ot the Property, the proceeds shall be appQed to the sums secured by t�hts Security ,
<br /> ��;:;%=�-�-.
<br /> ' y InsUUment,whetAer or not then due,with eny excess Petc1 to 8orrower. tn the event of a partial teking of the Proparty tn which ..,. - =°y-
<br /> � � ' tAe tair merket va►ue of the PropeRy fmmediately before the teking is equal to or greater than Me amount of Me sums secured y'�''�
<br />��;.; ' , by thls Securfty Insbument Mmediately before the taking, uniess Borrower and Lender othervvtse agree tn wnTh�g, the sums :__,'v"""'.
<br /> :+ ;` ' ' secured by this Secur(ty InsGument shall be reduced by the amount af the proceeds muitipQed by the toilowin8 fraetion: (a)the �.__:���'�.
<br /> + � •'•;;�� totai amount ot the sums secured immediately befote the takfng,tSiv�de6 by(b)the falr m�uicet value of the PropeRy immediateN • �;'•�';.
<br /> :�.i � ' , , � 6etore the taking.My batance shatl be patd to Borrowar.tn tha event ot e perda�takfi9 0l the PropertY in which the faU meAcet . :--
<br /> vaiue of t�e Properiy immediatey betore the tektng is Iess than the amount of the sums secured immeQiatsy before the tsktng.
<br /> untess Bonower end lender otherwise agree in writin9 or uniess app�fcab�e taw otherwise provides, tfie proceeds shall ba • �=-�•���-
<br /> � ' � applied ta the sums secured by this Securily Insuument whether or not the sums are then due. '' � � F"=
<br /> II the Property is abandaned by Bortower,or 8,after rtotice by Lender to Bonower that the condemnar o8ers to meke an , '�+r+�
<br /> - � -- award or settle a claim tor damages, Borrovrer taSls to respond to Lender wfthfi 30 days after the date the nottce fs given. �^_
<br /> " Lender is suthorized to collect and appN the proceeds, at ns option,efther to restoration ot wpair ot the Property ot to tde _
<br /> ' � sums secured by this Securiry InstrumenL whetAer or not then due. , - -�?
<br /> ••��� Unless Lender and Bortower othervrise agree tn wrkin9� anY eAp�tcauon of proceeds tp principal aha0 not extend or '•`:'�;�:`.
<br /> '`.. � . � postpone the due date ot the monthy payments referred to in paragrapns 1 and 2 ot change the amount ot such payments. � � �:':.`-
<br /> .; � 11. BoROwer Not Released;Forbearance By Lender Not a Watver.6Rension of the thne for payment or " "�-
<br /> " modiBCation ot amoNmtlon of the sums secured by thfs Securiry Inswment�anted by Lender to any successor In interest of R _
<br /> ' � � Bortowar shatl not operate to re!ease the Iiahilityr of the orlginal Borrower or Borrowers successors (n interesG Lender shaU not � .:��:
<br /> � � be requ�rea to eommance proceedings sgalnst any successor in interest or refuse to extend time tor payment or otherwise � �. �
<br /> � modHy amortimtion of the sums secured by this Securfty InsWment by reason of any demand made by the orlgfnal 8ottowar or � . „-
<br /> •'...-�
<br /> . 8ortowers successors in interesf. My torbearance by Lender in exeralsing anY right or remedy sha0 not be a waNer ot or ,.
<br /> ' preclude tha exercise of any right or remedy.
<br /> � � 12. Successors and Assigns Bound; Joint and Several Ltabiltty; Co-stgners.me covanants end
<br /> • , agreements o1 this Securiry Instrument shatl bind and benefrt the successors end asslgns of Lender and Bortower,subJect to the
<br /> • ; . provisions ot paragraph 17. BoROwe�s covsnants anA agreements sh80 be Joint and several. My BoROwar who co-signs this � . . �
<br /> Securiry Instrument but Coes not execute the Note: (a)is co-signing this SeCUrRy Instrument on[y to mortgage,grant end convey
<br /> � � that BonoK•ers interest in the Praperty under the tertns of this Security InsUumeM; (b)is not personairy obUgated to pay Me
<br />- sums secured by this Security instrument; and(c)agrees Mat Lender and any other Bonower may agree to extend,modifyr. : . .
<br /> • forbear or make eny accommodations wfth regard to the term9 ot this SeCUrity Instrument or the Note wRhout that Bartower's
<br />- � . consent ..
<br /> 13. L0811 Chargea. If the loan secured by this SBCUr'Ry instrument is subjeCt t0 e law whiCh Sets maximum loan .
<br />� �. � charges,and that law Is finatty interpreted so that the interest or other loan charges coitected or to bo coltected in connection �
<br /> � � wAh the toan exceed the permitted Omits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce •• . .
<br /> , • � the charge to the permitted Umih and (b)any suma afready cotlected irom Borrower which exceeded pertnitted OmRs will be :
<br /> ��•'�. retunQed to Bortower.Lender may choose to make thts retund by reducing the prficipal owed under the Note or by making a ,
<br /> � direCt payrrent to 8orrower. I} a refund reduces prinCipal, the reduction will be Veated as e pertlal prepayment with0ut any ..
<br /> . , prepayment charge under the Nota. .
<br /> � 14. NOtIC@8.Any notice to Bnrtower provided tor in this Securdy Instrument shatl be g�ven by delivermg it or by mailing it
<br /> ' � by first cla�s mail untess appiicab►e law requtres use of another method. The notice sfiall be dUected to the Property Address '...
<br /> � or eny othvr address Borcowet designates by notice to Lender. My notice to Lender shall he gtven by tirst ctass mall to •
<br /> � � LendaPS acdress stated hereln or any ather address Lender designeles by notke to 8onower. My notice provided tor in this .
<br /> . • � I Security Instrument Shail be deemed to have been given to Bortower or Lender when given as provided in this paragr8ph.
<br /> j 15. Governing Law; SeverabiUty. This Secur"dy Instrument shall be govemed by tederel Iaw and the law of the
<br /> . � jurisdiction in whiCh the PropeRy Is located. In the event that any provislon Or clause of this Security InSWment or the Note
<br /> � con(licts wi�h applicabte law,such eonfiict shall not aHect other provisions o}this Security tnstNment or the Nofe wh�h can be
<br /> - given eNect wRhout the confikting provision.To this end the provlsions of this Security Instrument and the Note are deCtared to
<br /> ' be Severabl3. �
<br /> • . 16. 8orrower's Copy. 8orrov,er shan be given one conformed copy ot the Note and of this Security Instrumsnt. •
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