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<br /> paymenta mny na longer tx:rcquircd.at tha agtion nf I.cnder,if mortgagc insuranca covcragc(in thc nmount und for the perind _
<br /> � that Lcr►dcr rcquucs)providcd by nn insurcr upproved by L.cndcr agnin becomc.9 nvailablc ond is obtnincd.Borrawcr shaA pay lhc _
<br /> premiums rcqujred to maintnin mortgugc insuranc:c in cffcct, or to providc a lnss rcscrvc. unpl tho reyuiremcnl R�r ma�Iga�c ,
<br /> insuroncc ends in eccordanco with any w�itccn ngreement bctwccn Horrower nnd l,cndcr or applicablc Inw. .
<br /> . 9.Inspection. Lcnder or its agcnt moy mnkc reasonabl�e entries upon und inspccdons of thc Prc�perty. Lcnder shall give �_
<br /> • ' Borrower nouce nt the dme of or prior w an inspecdon specifying rcasonable c:tuse far the inspecdon, � .
<br /> � 10.Condemnation. '[t►� pmceeti.g af nnY award or claim for damages,direct or consequential, in connection with any -
<br /> wndemnntfon or other taking af any part af tha P'roperty,or for convcysnce in lieu of wndcmnadon,ure hereby ossigned und .
<br /> shall be paid to Lender. � ��^��._:; �
<br /> In the ever.t of a tets:taking of the Properry,the proceeds shall be applied to the sums secure:cl by this Security Instrument, " 'F^�n�:�� � '
<br /> whether or not then due,with any cxccss paid to Borrower.In tho cvent of a partial ta{cing of the Property in which tha fnir mtukct , ' , ..,��»`'•'--_`"'
<br /> � valuc of the Peoperty immcdiately before the taking is equal to or greacer than the amount of�he sums secured by this Securiey ' �i ::=:.
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<br /> IInstiument immediately before the takin8,unlcss Borrower and Lender otherwise agroe in writing, the sums securcd by this :���.�-:y--
<br /> gecurity In,trument shcill be reduced by the aznount of the procr,eds multipIIed by the following fractian:(a)the total amount of .,.,,y;_:_
<br /> the s�cros sec�red imme,�iatcly befor€the taking, dividcd by (b) 1hE fair r��kea vAl�e of ehe Property immediately befom rhe � �n�` _._�__ _
<br /> taking.Any balance shall be paid to Bolrower.In the event of a partiel tsiking of the Properry in which the faIr market value of the `��•u,—:�
<br /> , � propeity immediately before the taki�ng is less than the amount of the sums secured immedia¢ely before the taking, unless :�.��„;� _ _'°—�`
<br /> Borrower and Leader otherwise egree in writsn8 or unless applicable law othenvise provides, the procecds shall be upplled to the �_�:
<br /> � sums secured by�his Security Insuument whethet or nat the sums are then due. ::�t�;�.;% —
<br /> If the Property is abandoned by Borrower,or if,aftcr norlce by Lendcr to Borruwer that the wndemnor offers to make an
<br /> • �► award or settle a claim for damages.Bomower feiLs to respond w L.ender withi�30 days efter�he date the nodce is given,I.ender .;,:�, ,� "
<br /> � is autherized to collect and appiy�t►e proceeds.at its opflon,either to restoration or repair of the Property or to the sums secured
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<br /> by this Security Iastnunent,whether or not then due. 'T�" '
<br /> U n l e s s Lender and Bomower otlierwise agtee in writt�►&,�Y APP�'�non of proceeds w principal shall not extend or postpone : � '� ,
<br /> �. the due dnce of the monthly payments refernd to in par�n�phs 1 and 2 or chenge the amount of such payments. , `;�. �
<br /> :_ � 11.R�nn4rer Not Rek�sed:Forbear�noe By Lendta No4 A�'Nativer. Bxtension of the ame for payment or moditicadon _t�; +� '
<br /> �' ��'` � of amordu�timn of the sums secured by this Security Instnunont grnnterl by Lende�r to any su�oessor in interest of Borrowar shait ' •�
<br /> - }�' not operete to nleasa the llabiliry of the original Hoaower ar Borrow�'s suocesso�in intezcsG Lender shall nflt be roquirod to � .a � •�
<br /> ;'•.`� commence proceedings against any successor in interest or refuse to eatend ame for payment or od�awise moclify am�rtiration of , '; •.:
<br /> the sums secured by this Security Instrument bY reason of any demand made by Ihe original IIorrower or Boaower's suocessars ''
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<br /> „ in intemst E1ny forbearance by Lender in eaerclsing ar�y right or ramedy shali not be a waiver of or preclude thz axercise of eny �
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<br /> right or rern2dy. �
<br /> '' 12.Suocessors aQd Assiga9 Bound;Joint and Sevei�ul Liability;Casignera. The covenants and agroesn�nts of this �;;�
<br /> Securiry Instrwnent shall bind and benefit the successors and assigns of Lendex end Borrower,subject w the pzovisf�ns af
<br /> paragfaph 17. Borrower's covenants and egreemenLS shall be joint and several. Any Borrower who co-slgns thls Security �_;�_
<br /> � Instcument but does not caecuu the Note;(a)is co-signing this Security Instrument only to mongage, grant end convey that ;..� ,�
<br /> Bocrower's intemst In the Prop�ty under the tr,rms of this Security Instrument; (b)is not prason�ily obligated to pay th�sums i����-
<br /> secured by this Security Instnunen�and(c)a�s that Lendu and sny other 8onower may agree to eatend.modify,forbear or };_
<br /> -� make any accommodarions with regard to the terms of thls Security Instiumenl ar the Nou without that Bo�rower's conscn� i -;?_
<br /> '` ' 13.LoAn Chargrs. If the loan secured by this Security Instr�ment is subject w a]aw which sets maximum loan chorgms,
<br /> . . and that law is finally intespreLed so ttu►t tho interest or other loan charges collected or to be callected in connec:don wlth t�►e loan `�
<br /> _ ',� e�cceed tPi��cxmiued limits.then:(a)any such loan charge shall be raluced by the air+ount necessary to redua 1he charge to thr �:t':-.
<br /> . per+aait►sd liini�and(b)any sums alreadY wllected hom Borrower which exceeded permitted ]imits will be refunded W Borrowex. ,::^��__- �„v�
<br />_. ' Lender rtzay chonse to make this refund by reducing the principal owed under the Note or by making a dfroct payment w
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<br /> -%r• Bonower. If a ccfund reduces prinaipal. the redacrion will be aeated as n parteal prepayment w i t hout any prepaym�t c h a rga -
<br /> � : � under the I3otc. ,i�,'.�,;i��— —�--_
<br /> •.}:,;�; 14.No2ices. Any noace to Bonower provided for in thi�Security Inswment shall be g�iven by delivering it or by mailin�it ,;; r. ;���`-v�
<br /> � ' by first cls�ss mail unless applicable law requims use of enather method.'Ihe notice shall be directed to the Propesty Address or •.�:, _ t� �,.
<br /> any odier address Borrower designates by nodce to I.ender.Any nodce to I.endea shall be given by first class mail to I.endez's �;,;+; •^,�,_ Y^,-
<br /> address stated herein or eny other address Lea►der designates by noti�e w Boirower. My nodce provided for in this 3ecurity ;.�, �Y'V?1f'� k�
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<br /> Insuume�t shall be dcemed to havc bcen given to Borrower or Leuder when given as pro+ideci in ehi�paragrnph. •.•. ,....��._-.. :•
<br /> 15.G�averniag Luw;SeveraBilIt��. 'Ihis Sccurity Inswment shall be govcmed by federal law and the la�v oP the � ::;�1�:,;.;;';'":; ,:�. _
<br /> jurisdicdon in which the Property is located. In the event shat any provision or clause of this Security Inst�vment or tha N�tc _ , .:'",a� �� . ';:,,
<br /> conflicts with applicable Iaw,such conflict shall nat affect other provisions of this Sa:urity 7nsuument or the Note which can be , . , , �,''
<br /> � given effect without tl►e conflicting provision.To Qhis end the provisions of this Security Inswment and the Note aro declarod to „
<br /> = be sover�►ble. ` ' . �
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