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<br /> �� 7. Proteetlon of l.snder's&�Ighta In @Bse Prop�er4y. n eorrawer ae+rs eo pertorm cne co,re�,ancs and egr¢ements � . ,
<br /> � cantained in this S9curity Insttumant. or ttt�f Is a I�sl proc�d�g th3i may sfgn�ftcantty atfect Lend�s �lhts in Ma PropeRy(suCh ss .. .. -- - :.�j�
<br /> a proceed�g tr+ bankrupicy,probate. for conCOmnatton or forfaiwre or to enlorco L�ws or requtaUona),then LenEar may do and pay for ,3�
<br /> whatever is n¢cessary to protect the va4,o of tiio Ptoperiy end Lctr►dar's rigPta h the Properry. LenQers aCtl�n9 may inctudo PayhD .
<br /> Lc ►
<br /> any sums securea by o Iien whi�h has prlarity ovet thb Security Instrumant, appatrinp h cowt.AsYho �eesanable atiomey's taes end ,
<br /> enteriny on tho PropeRy to make wyafrs. Although Lendor may take actton untt�thb p�mymph 7,LenCer doos no2 Rave to do so. , ' � -
<br /> My amounts disbursed by Lender under thb psraQraAh 7 ahaJ Eecomo aQQ�bnsl debi of Borruwer secured by th13 Seeu�ly ; ��.
<br />� InsVUment Unicss Bortowsr end Lender a4ree to other tertns ot payrt�snt, thaso amourtts shall Eeu hterest ham the date of ` ,. . '�
<br /> disbuBam6nt at tite NOlY mte end S�sE!b0 p8y8b19,w�h interesG uyon notke hom Lsnde►t0 8a�owet requestinp DaY�� ` ` � ' �
<br /> $. Monga�e In�uranca. If l.endet r8quttCo martQris� �nsuranco as a con6a�an ot making the ben saeurod by �h�s i _ .
<br /> SecurSy Instrumer,t, Borrower shaU pay tne prpmiums requtad to mnintah the mortQ�ye insurence In eff6ct. if, tor any resson, the � �
<br /> mortgape insurance coverage required by Len6ar Lapses or ceases to be b eRact.Barrowar shail pay ths premtums requtreA to obtefn S �
<br /> ' t covere.g9 subsffintiafty oquNSt�nt to the mart�ga ir�.u� C�vgh � e�. at a cost substenttalty equhatent ta tha cost to � . , , _ _
<br /> j Bortower o! the mortga9e hsurance Drevtousry In eftect, trom an aRemate martgspe Insurer eAproved by l.ender. it substantianlr � �,�
<br /> i equMalent mortgsye hsurenca covere9e is not avaifabb, Borrower ShaO pay to Lender each moaith a sum equal to on�twelRh ot Ghe
<br /> � yeeAy mortgaga insuranw prambm brhp patd by Barrower wha�tha insurence coverape lapsed or ceased to tre in eftect. Lender wi1� { s
<br /> accep� use and retain the5e paymants as a tcss reserve in I'ieu ot mortgage insurance. Loss rese�ve payments may no longer be 4 _ __�
<br /> requ�ed, at the opUon of Lendar, if mortgage e�surance coverape (in the amount end far the period that Leffder requ6as)pmvidad by � ,-��
<br /> � an e�surer approved by Lsnder agan becomes ava�abl0 and is obtained Borrower shaD pay the premn�ms requ�'sd to mahta� ' "
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<br /> mortgago inswance in ettect. or to provide a Wss resenre, unUl Me requirement tor moRgage insurence ends in accard¢nce Wdh e�Y , � `�lt''ir�`_—
<br /> .� written agrsertient between Borrowet end lender or eppficabie(aw. . �';;'�
<br /> 9. inspect��n. Lendet or �s ayent m3y make roasOnablB e+�tr4es upon and inspeCtiOns of tAe ProP�Y- ��►ShaN qive -��'_—_, ---
<br /> . � Borrowet notice at ths tma of or prfor W an inspectten specif�►Ng reasonabte cause(m Ne tnspec�On. :� •-� ••� -
<br /> 10. CondemnatJon. The proceeds of any award or ctaim for damfiaes, dlect or cons0qusnttai. tn connectton w@h any .
<br /> condemnation or othsr takt�g ot any part ot the Praperty,ot for canveyanee h lieu of cos�danntatton,are hereby oss�pned and sha0 be �� _�
<br /> patd t0 l.etldef. `, ' �k- +•- . .
<br /> In the event of a total taktrig ot the Property, the proceeds shall be appRed to U►a sums seeured by this SecarRY�nsWme�t, , .
<br /> f whether or not then due,with any excess paid to Bortowsr. In tho event of a Dartlal takinp of the PropeRy in which the fair marlcei
<br /> � value of tha Property immediately betore the tekinp is equal to or graate� tfian the emount of !h9 sums secured by this Sacuritf� r�-- - _
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<br /> Instrument tmmed�ateiy betore the taking, unless Borrawer and Lender othervvise aQ�rae n writing, the sums secured by this SecurRf► . h-" � ,
<br /> �� ; Instrument shali Ce reduced by the emount ot the proeeeds muRlpOed by the fo�ownp haction: (a) the total amount ot the sums - _�;;
<br /> j�`i secured immediately betore the tekng. dkided by (b)the falr maAcet vaLe ot the PropertY ImmedtateN botnre Me faktng. Any batence � ' :_ t-=
<br /> 3 sha0 be paid to Borrower. In ths event of a partial takin9 of the PropeAy in wh�h the iSir marlcet vaiie Of the Property immediately � ,.
<br /> -� Os::�th9 talcing N� bss th3n the art�oont of tfie sums secured immediately bstote the takt�p. uniass 0orrower and Lsndot othawlse - - °
<br /> ? agreB in wtfting or untess ePPlicabie law othe�wise provldes. Ihe proeeeds shaB be apPibd to tha sums securad by Mis Security 4 -"''' �., : . ° �
<br /> Inswment whether ar not th9 sums are ther►ttue- -� E
<br /> . r offers t o make an awerd Or .'��'e: ' `
<br /> If the Pro �s abendoned by 8orrower,or H.atter noUce by LenQer to Borrower that the condermo i� _
<br /> D�N �
<br /> settfe a ciain for damapes, Horrowsr fa�s to respond to Lsnder v�Ptitn 3U days efter tAe date the notice is piven�L.ender is author(zed �;
<br /> to co0ect and appry the proceeds.at Rs opUon,eRher to�estoratton or r�pair of the Property or to the sums secured by this Securih► �.'�r, -``;�, "
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<br /> Ins�rumen�whether or not then due. � • ��
<br /> Untess Lender and BoROwer otherwise aproa �writlnp. anY eAPGCatifln of proceeds to pnc�ipal shail not excend or postpone the �.+ �,:� ��
<br /> ' Que date of the monthy peyments referred to in paraqraphs 1 and 2 or chanpe the amaunt oi such payrt�ents. ,�•�. - �i : • �
<br /> � 11. Borrower Not �letease d: For bearance B y Len d e r N o t a W a i v e r. 6 c t e n s t an of ene t�me for pa y m e nc or .. �.��� �
<br /> mod'dk:atbn Ot amorti�aUan of tha sums secured by tt�(s Securfty Insuument granted by Lender to any succossor In htero5!of Barrower _ :.,,.:., : _
<br /> ' shaU nat operate to release the Gability oi the original 8orrower or Borrowefs successors in hteres4 Lender shall not be required to � ,_--
<br />� commence Oroceedin9s against any suceessor in interast or retuse to eatend 4ine for payment or othervvtse modily emortiratbn of the •--�� �n:,-�
<br /> sums secured by ttsLs SecurRy InsUument by reason of any 6emand made by the a�fyinal Borrower or Borrowers succassora in ' ;.;.��`;�. .�r--
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<br /> hter�t Any torbeac�:ce by Lender in exenefsinp any ri�ht or rert�edy sha0 not�e e walver o}or preclude tt+e exerctse ot any ripht or ��• �- � � ° _�
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<br /> . 12. Successora and Assl�ns Bourtd; Jolnt and Several Liabittty; Co-atgnera Tne covenancs and . ,� ,:� �:�
<br />� -� as►eemen�s o� �n�s sec���y i�►sr�urr►ent sn�o o:�a ana o�+ar�u� s�ssors end ass�s o� �.en�e.ana so�rowe�, sue�e�c co � •, ..:: .,��.�___
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<br /> � pravisions of paragraph 17. Bortowefs Covett8trt5 8nd ayteertient8 SfiSY be j0int etid severel.Any Borrower who co-si�ns thts Secu r i l y _..�.���
<br /> ' InsUUment but �ces not execute the Nofa (ay is eo-sign{n8 4hts Sscurity Instrumant ony to mortyaye. grant, and convel that � - ,_ _. �
<br /> Bortowefs hterest in the Proparty under the te.r.�s of this Secunty InslrumenY, (b)is not personalry obNpated to pay the sum3 secured .• '"`- '���'—
<br /> ' '{�,.''�,��..s. _�
<br /> . " by this Security InsWmen� and (c) a�rees that LenEer and any other Borrower may e�oB to extend, moddyr.torbear or tnalce anY �...,'�.. --. -
<br /> .� aer.ammodatbns wRh reosrd to terms ot thls SacurRy Instrument or the Nou+wRhout that 13aR�we�s consanL �. -�r �
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<br /> 13. Loan ChargeF,ti. If the loan secured by this Security tnstrument is suDject to e law which sets mexfmum Ioan c�arpes. - ,--=��q�.° -
<br /> .� and that lew is iha8y interpreted so that the �:.erest or other ban charqes copected or to Oe coHected h conneation wiV� the ban : _. � `_-•
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<br /> exceed u�e permated rmas, then: (a)any sucF+ loan ohar�es sha0 Ee reduced by the amouM necessary to reduce the chafqe to the ��
<br />� pe�m�ted knih and(b)any sums eteady Co!(ectod tfom BOrrowBr vihiCh tDCCeeded ptxmktod Cm$9 wiB be refunded t0 Borrower. Lende► , � • � .�
<br /> may choose to make this reiund by reduchy the prfnc�al owed under the Note or by makin9 a dUect payment to Bortower. If a _.
<br /> �efund reduces priic�ai,the reductton wi�be trsated as a Fastial Prepayment wfthout anY G�Y�t c�erge under the Nc!e.
<br /> 14. NOtICEa. My notic6 to Bortower R���ded tor in dits Securrty irts�umsnt shaU be piven by deQverinp R a by rtiaIDnp R by . °
<br /> fYst cl�ss ma0 uniess epAlicabte I�w reWtes use ot another metAod. The r.otice shsll be dlrected to the Property Address or any . �
<br /> pthar addross 8orrower desi�ates by notice to Lender.My notice to Lender shaU be gNen by tirst c{ass mafl to Lenders address . : . t�;
<br /> Stated hereh or eny other address lsnder Qesignates by noixe to Bortower. My notice Grovlded tor in this Securityr InSUument shaD
<br /> be deerr�ed to have been ylven to Bortower or Lender when 9iven as provlded in this paragra�h. [ . --
<br /> 15. Governing Lew; Severabiltty. This SeCUrRy Instrument Shell be Qovemad by fedgral taw 8nd the faw of tAe `k • . . _
<br /> jur'sd3ctbn h whtch the Property Is bcated. �n the e+rent that any provLabn or ctause of this Securily frtstrumeot or the Note cOnHicts I . .
<br /> with Appticabls law, such confilct ShaU not eHect other ptovlsbns ot this Secur�yr InSWment or the Nc°3 whiCh cun be gNen effect � �.
<br /> without the contOCtinp provisbn. To tAts end the provh,ions of thi9 Sscurity Instrumant end the Note are deciared to be SevorabtD.
<br /> ; 16. Bonower's C�py. 8orrower shail he piven ane confomied copY o}the Note and of this Security InsWmer►t � • . �
<br /> 17. Trer+ste� of the Propetty or a Beneflcial in3erest In Barrower. i� en or eny p8rt of tfie �o�eny or eny .
<br /> ' interest in it is sold or transterred (a if e be�+eticia�hterasi in Borrower ts so10 or transierted and Borrower is not a nntural person) , •
<br /> , wnhout Lenders prior written consent.Lender may.at its optlon, tequire immediste Pari'nent�n �uB ot ail sums secuted by this Sscurityr i —
<br /> � InsWrt�ent. However.this optbn shaN not be exercised by Lender if aocerclss is prohbRed by todarel IQw as of the date of this Seeurity _
<br /> � Instfutflen4 ; � � � _
<br /> It L�der�ceretsos this optlon,Lr3ader ShaH yive Borrow�noticc�o!oecebraUon.The no8ce shal)provido a perbd of no!IBSS than ;
<br /> � j 30 days hom the date the notice fs dellvereA of ma�ed wit�in which the Bortower must pay eD sums setured by this SeCUrity { . ' • • �
<br /> � InsWment il Borrowsr fails to pay these sums prtor to th9 e��etion of thts period.Lendar may invoke eny remedies permitted by this � � . �
<br /> ' Securrty Instrumsnt without ►uRher r.otice or dsmand on Bonovrer. co.m�ae eieo
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