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<br /> ' � � . 7. ProtecUon of Lender's Rights in the Propert�/- i} eorrower raus w ae�rm me wvenancs ena aareemerna � `-• `: � f:-��,'� �:.
<br /> ''�t. �. � < <
<br /> , ,�-i� � cortte�ed in thts SeCUrrty tttstrumen�or there is e tegat Draeeeding that m8y signiflcentty etfed L.�ders righfs fi the Pro06+h(SUCh 85 :,+,`', :ti��.�
<br /> ' `• `` - a procee�ng in Cantauptcy.Probata,for eondecmaUcn ar forPe�ue or to eritoree laws ar ragufeSWns�,then Lender may do 8nd pay tor : �
<br /> '. ..= ,'� whatever is necessary to protect the vefiie o}the Property and Lenders rtghts in the Property. LenQer's acttons may(ncNde paying ;_�;4:...`:
<br />- any sums secured by o Gan whtch tias priordy over this Sea+r37f tnsdument. aDPeartn9 in cowt,PaY�g reasonabta attome�s fees and
<br /> D . . �. . °
<br /> � . • entering on the P�operty to make rePatrs. Ashough Lender may take actton undar this para8reph 7.Lender does not Mave to do sa .:.,, ..,4;�: ,:.
<br /> ' Any emounts dishuised by Lender under ttds paragraph 7 stiall become add�tonal debt ot Borrower Secwed by this Sc3cur�l
<br /> �,<�•� � .�•L insaumen� Unisss Sorrawar a+td lender agree to other terms of payment, these emattnts shsll bear tnterest trom fhe daRa of � 2
<br /> ' disbursement at U�e Note rate end shaD be payabte.w�h e►terest.upon notk�irom LenQer to Borrawar ceques�9 Oa7R►�e�L ..Y : .'
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<br /> °, ` . � 8. Mortgage [nsurance. Ii Lender reQuked moRga9e insurartce as a eonddion of making the toan secured bY thls SecufilY - . ., ... �
<br /> tnsuument, Borrower shail pay the premiums requtred to matntatn Me mortg8ge fnsunance ta ett8at- U. fot etry Bascn, ttte mortgag0 `� .'
<br /> � . `_�--.� insurenCe Covetag3 teQu6ed by Lender Ispses ot C88Ses W be fn etfeCt. BOr�wer Sh811 paY the P��requtred to Obffih CoverBgs Q�._. �
<br /> ' substantialy equivatent to the mortgaSe tnsuranee previnusy tn eNect.et a cost substantfal►l►e4�lvslent to the cost to Bormwer af the . ;
<br /> mortgaSe �surance previousry In ettect.irom an elbemata mortgage tnsurer approved by Lender. I!subs�tanttally equfi�t�t mortga8e � � ,:: ,.
<br /> . . - insurance coveraSe Is not ava0abte. Bortower sha0 pay to Le�d�eaeh mor�th a snm eQusi to ona-iweiRh o! tte�geasty masigaga "�;=c.i . `�:, `.
<br /> � <: msurence prem6�m betng patd by Borrower when the insurance a�verage lepsed or ceased to be in effecL Lender wi0 e�t,use and � ,,. �. � ,
<br /> � : retafn these payments as a toss reserve tn I?eu at mortgage Insuranee. Loss reserve PaYments may no Wnger tse reqtsU�ed. at!he d .�.. �:;..�, '
<br /> - opttan ot Lender. d moRgage insurance coveraga (fn tl►e amount end tor the partad tha! Lender tequUes) provi�ed by en insurer � .`;:,`,_o 't
<br /> ' .� . �; apProved by Lender again becomes evai�bie and is obta►ned. Borrower sAa9 pay tAe premTums cequtred to mffir►ffiin mortgage � `:
<br /> . � . inwranee (n effee4 ar to provlde a (oss reselve. untD tha requirement tor moRgage fisuranee ends tn acCOrdanee r�Bh eny wfttten � `-�
<br /> , , agreement between Borrowet and Lender ot apA�eb�Iaw. -�.�F,;,�i,r_,
<br /> 9. Inspectton. Lend�or 8s qgen!may make�ason a b l e en t r i e s upon a n d i n s p e c t i o n s o f!h e P ro p e rt y. Lender shsU glue � . ,,,_ }` .
<br /> Bartower notice at the Ume of or prtor to an inspectfon specttying reasonabf�cause tor the insRecUon. � - -
<br />- 10. Condemnation. The proceeds ot any award or ctaim for damages. dVect or consequential, in conneetlon w8h any }
<br />� ' •• � � •� condemnation ar other tatcing of any part of the Property,or tor comeyance in Geu ot condemnatinn,are hereby asslgned and ShaU be , : �
<br /> s ..'": pgtd to Lsrtder. � -
<br />� ' � In the event o! a total tekin� of tha Property� the praceeds sRaD be apy�d to the sums secured by tAis SecuritY Instrument, ', �f•' —
<br /> whether or not then due,wnh eny excess pafd to 9orrarrer. tn the event of a paRial iaktng of the Prop�rty 8n which the tetr merket , ',_�
<br /> � vatue of the Property immediatey betore the takin8 is equal to or greater than the am0unt ot the sums secured by thfs Securd�r ``=��
<br /> ' ' the sums seCUred by this SecurHy � � �
<br /> . < - instrumeni LmnediateN before the takfn9. uniess Bortower and Lender othervvise g9ree tn +�n9. _; ��.
<br /> � � '�"" InsWment shafl be redu�ed by the amaunt ot the proceeds muQtpQed by tAe faUowing iractton: (e) the totel emou� at tAe sums • . _ —
<br /> secured immediatefy before the takin8. divtded by(b)Me tair maAcet vafue o}the Property immBdiatery beiore 1�8 tElc6ig. My batence ; y
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<br /> � , shall be petd to Bortower. tn ths e+rent ot e pertiat takfig oi ihe PropeM1y tn whtch the(ab matket vatue o!th9 PsopeRy Imrt►edfat�Sy �:• -_�.,=g`'
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<br /> • . 6efore the taking is less than the amount ot the sums secured immediatey before the taictng,untess Borrower and lsnder othervvise • _�__..
<br /> _ . _ _ 8$�e in wrfttng or uniess apDik;abte taw otherwtse pmvides, the proceeds sha0 be appQed to the sums s�ured by this Secur3y _ _ .�s�_
<br /> - instrument whether or aot the sums are then Qua �"�`
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<br />� - •• If the Property is abandaned by BoROwer,or rt.after nottce by Lender to Borrowet thai the condemnor ofters to malce en eward or :� .-
<br /> ' `' settle a clatm for damages,Bortower tai(s to respond to Lender within 30 days after the Qate the notice fs ghren.Lender is authorimd • -�f,�;
<br /> �.� ��::'i W colled and apDN 1he Proceeds.et its opUon,either W restorat'on or repatr of the Property or to the sums secured by this Securdy ,. . _____
<br /> ' tnsuument,wt�ether or not then due. . �.
<br /> � Unless tsnder and Borrower otherwtse agree in wrWn9,enY aAPlkatbn of pmceeds to prtncipal shall not mdend or pos�one the
<br /> due date of the manthty payments referred to in paraBraDhs t and 2 or change ffie amount of such payments. � �'� �
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<br />- "�. � 11. Borrower Not Released: Forbearance By Lender Not a Wafver. �enston ot �ne cune tor paymenc or ,�• :;�,�`.--
<br /> �` ' modfiicaUon of amorNmtion a!the sums secured by thfs Security Inshument grar►ted by Lender to any successor tn interest ot Borrower , a�
<br /> - --� �� - � - shali nut operafe to retease the Ifabifrty of the odgfnal Bo�ro+�er or Borrowets successors in Interest LenCer shati not be requEred to '�;�;:T-:-
<br /> .;: ` ? �1�-�.
<br /> , .,,,..; commence proceedings agah�st any su�cessor tn tnterest or refuse to extend Ume for payment or otherwise modtfy amortimtton ot Me _ '��,„=
<br /> , ', r. � sums secured by this Security Instrument by teason ot any demand made by the or�tnal Bar�ower or Bortower8 successors in ; -_ .�y:;j..__
<br /> � • interes� Ar�y torbearance by Lendor in exercising any rt�ht or remedy shall not be a wa�ver ot or pcecNde the exercise of any rlgM or ;:�"��.:;;.
<br /> � . `�lit;=
<br /> � � � remedY• • `:�r�_-
<br /> 12. Successers and Asslgns Bound; Joint and Several Llabitity;Co-slgnera 7ne covenanw ena . :. �;��_
<br /> • agreements of this Security Insuument shatl bind and beaefd the successors and assigns of LenQer and 8orro�ver, subject to t�9 ,�_
<br /> ; • � provistons of paragraph 17. Borrower's covenants and agreements ahall be jolnt and sever8l. MY 8orrowar who casigns this Secur(ty • ,•;�.-_
<br /> � ' trtsUrument but does not execute tAe Note: (e) is Co-s�nfn9 this SeCUrityr Instrument ony to mortgag� g�rant. end Convey that __ --
<br /> � � Borrowers interest in!he Property under the terms ot this Security InsUumen�@)is not personalry obRgated tv pay the sums secur�d � �
<br /> � by this Securlty Instrument; and (C)agrees that Lender and any other 8oaowar may agree to extend,modity, tot6ear or make erry
<br /> ' � � ' accommodations wRh regard to tertns ot this Security Instrument or the Note wBhout that 8ortowe�'e coasen� =— -=�^'—`-�-�--_
<br /> ' � 13.Loan Charges. 11 the loen secured by tnis SeCUrlry Instrument is subject to a Iaw which sets m8�ctne.�n �oen chafges, ,- •'
<br /> � ' ' , � en0 tha! law ts Malty interpreted so that the tnterest or other toan charges cotlected Or to be cattected In Connection wRh the foan •�• _
<br /> • � exceed the pertnitted limfts. then: (a)any such loan charges shall be reduced by the er�+ount necessary to reQuce tha charBe to the ,
<br /> ` permitted limit; and(b)any sums etready colfected from 8onower whbh exceeded permitted IUnfts w�l be retunded to BoROwer. Lender : }:�
<br /> . • may choose to make this refund by reduCing the prirteipal owed under the Note or by making a dheCt payment t0 Bortower. If a .
<br /> retund reduces principal.the reduction w111 pe treated as a partial preDaymen!wfthout any prepayment charge under the Note.. . . •
<br /> 14. NOtiC@8. My not�e to Bonowar provided tor in this Securityr tnawment shaU 6a given by deBvering it or by mafiing d by
<br /> • tirst class ma11 untess eppl'icebte 1aw requires uso of another method. The noNCe shall be a�ected to the Property Address or eny � . •
<br /> other aQQress Bonower designates by notice to Lender. My notice to Lender shall be gtuen by tlrst ctass ma0 to lendefs adQress :,��
<br /> ' , stated herein or eny oiher address Lender deslgnates by not�e to BoROwer. My noUce provlQed for in thls 8eeurily Insbument shaB , �
<br /> ' be deemed to have been given to 8orrower ar Lender wt:en giwn as provided in thts parag►aph.
<br /> 15. GoverMng l.aw;Severabltity. Thi9 SeCUrity InsWment shell be gavemed by fe08re1 IBV� 8nd the I�w 01 the �
<br /> Jurisdlctlon in wh�h the Property is located. tn the event thet any provislon or C(ause ot th19 SeCUrityr Instrumen!or the NotA COntlicts
<br /> •• � " with appllcabte law, such conftict shatl not aNecf other provistons of this Securlty InSVUmeM or the Note which cen be glven eHect .
<br /> � without the confucting provlston. To this end ihe provisions of this Security tnsUUment and the Nate are Qectared tc be severahle. - . •
<br /> ..� 16. Borrower's Copy. 8orcower shalt be gNen one contortned copy o1 the Note and o!this Security InsUument.
<br /> 17. Transte�of the Property or a Beneticial Interest in Borrower. it an or eny part of the Property or any
<br /> " ' ! interest in it is sotd or trans}erred tor if e beneticial interest In Bortower is sotd or VBnsfened and Borrower Is not a naturai petson)
<br /> � • . � wdhout Lender's prlor writtert consent,Lender may.at its option,require immedlate payment�n full of all sums secute0 by lhis Security
<br /> , • � instrument. However,this option shail not be exercised by Lender il exercise Is prohibRed by lede►al law as of the date of this SeCUr'�ryr
<br /> Insuument. �
<br /> N Lender exere(ses th�s option,lender shen give Bonovter noUca o} actefaratlon. The nOtiee shau ptovide a period ot not Hss :
<br /> � than 30 days from the date the notiee is delivared or maited within wh�h the Bortower must pay a0 sums secured by this Security
<br /> ' , Instrument. If Bortower lails to pay these sums priot to th9 exptration o1 this period.LenQer may Imroke any reme6ies pertnitted by this
<br /> , 3ecurity InstNment without further notice or demand on Borcower. Fo�m so�a vroo • �
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