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<br /> paymenis mny no lorsga bo rcc�utreci,At tho opdon of l.ender,if marigc�gc insumncc covcrngc(in thc amoi� or d�c pGriod ,
<br /> that Lender rquires) providcd by an insurcr approved by Lcndcr ngain becomcs av�ilablc and ia obtalncd.Borrowcr�hall pay thc
<br /> prcmiums rcqulrcd to mnintaie� mortgagc insurancc in cffcct,or W provide a los.s rescrvo, undl thc requircment for mongago ,
<br /> insurance ends in accordznce with any wrltten agreement between Borrower and L.ender or eppllcable law.
<br /> 9.Y��sp:.ttla:�. b.endrr or it,n�ent mny r.:�!4e re.+�mnnhle envles upon and i�spectinns of the Propeny.Lendcr shall give ��
<br /> Barrower nodcc at the tlmc of or priur to an[nspecdon specifying rcasonublc cause for tt;c inspecdan.
<br /> 10.Condemnatfon. '[t�e proceeds of any awnrd or clnim for damages,direc[or con�rquentiial. in connecdo�n with uny
<br /> • '� condemnation ar other taking af any part of the Propeny,ar for conveyance in licu of condemnadcn, are hereby assigne� nnd
<br /> ~ shall bo paid w Lender.
<br /> In the event ot a wtN utking of the Propeny,the proceeds shall be applied to tho sums�ecured by this Securiry Insuument,
<br /> whether or nat then due,with uny eacess paid to Borrower.In the event of a partial teking of the Property in wh?ch the fair market ,, :
<br /> vffiue of the Property immedintely before ihe taking is equal to or greater than the wnount of the sums secured by this Security ..,?.=rr'`_`
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<br /> " � Insuumcnt immediately bcforc the taking, unless Borzower and Lender otherwise agree in writing,the sums scxurcd by this '::;,���_�
<br /> Security Insuument shall bo reduced by the smount of We proceecls multiplied by the following fr�acdon:(a) the total amount of ,f,,-._
<br /> the sums secured irnmedisuiy before the teking,divided by (b) thc faie market vatue of tSie Property immedIatcly iaefore the � �
<br /> ••:-,..
<br /> taking.Any balance shaU ba paid to Barrower.In the event of a partial taking of the Property tn which the fair market value of the ;;��W
<br /> Properry immediately before the trking is less than the amo�int of the sams secured immediutcly befo� the teking.�nless ',�;_:_
<br /> � . Borrower and Lender othenvisc agree in writing or unless appliceble law otl�enviso provid;s,thc proceeds shall ir�applied to the __
<br /> � ; sums secured by this Securiry Instnunent whether or not the sums are ihen due. ._:;.__�-_
<br /> If the ProFerty is abandoned by Borrower,or if,after rtotice by I.ender w Borrnwer that the condemnor offers to make an =;�=,,...,
<br /> award or seffie a claim for clamages,Borrower fnils to respond to Y.cnder within 30 dgys after ihe date the nodce is given,Lerider , .. ..'.'
<br /> . is authorized to collect and aRply the proceeds,at its option,eithes w restnradon or re air of the Pro rty or to the sums secured �,'•;:`''r.=�—
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<br /> by this Scc�rity Ins�ument,whethcr ar not then duc. ,..4"
<br /> � licadon of roceeds to dnci nl shaU nai eat�nd or s ne �'' -7�
<br /> Unless Lender and Borrower atherwise egree in writinB,�Y aPP P P P p° �° ,.'��:�,,;�:
<br /> '�; the due date of the manthly payments refeaed to in paragraphs 1 and 2 or change the amoont of such payments. . f��-•
<br /> Il.Borrower Not Relea.ged;For6exrance By Leader Not w Waiver. Bxtension of the pme for payment or modlficadon ��='�-'
<br /> of emorti�adon of the sums secured by this Securlty Insuument granted by Lender to any successor in interest of Borrowei shall ;�'3�'��
<br /> `� not operete to release�he liability of the original Borrower or B�nower's suaessors in intcres�Lender shall not be required to �__
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<br /> -- -"-� CORI[IIC�jl[OC�PdII1$8 8g1lIIISt BiIY 511�i li�"u��''wicSt GP I�fit"oC LO Cn2.'�iu w�L fOT jJ°�til�liL L!OLh.P�.iSe IL��ui�amprfi�aficm Af _
<br /> ?�; the sums secured by this Securlry Inswment by reason of any demand made bq the original Bumower or Borrower's succes.sors _
<br /> �� �`� in inter�s�My fabearance by Lender in oaercising any dght or remedy shall not be a waiver of or preclude the exc�+cise of any �� _
<br /> � ` dght or remedy. ;`--�'��=.
<br />- t� , 12.Successors sind Asslg�s Bound;Jotnt and Several I.iubility; Casi�aers. Tt�e covenants and agreements of this �
<br /> Security Inswment ahell bind and benefit the successc�rs and assigns of Lcr►der and Boirower, subject w the provisions of __
<br /> parAgrnph 17. Barowar's covenants ar�d agreements shall hc joint and several. My Boerower who co-signs this Socuriry -
<br /> • Inswment but daes not execute the Note: (a) is co-signing t�is Secudty Instiwwnent onll� to mortgage,grant and wnvey that �_
<br /> ' gorrowu•s inteseu in the Property under the tem�s of this Securiry Instmpnenr (b)is not personally obligated to pay the sums
<br /> secured by this Securiry Instrument;and(c)egrces that Lender and eny other Borrower may egree w extend,modify,forbear or :�_
<br /> . malce any accommodedons with regard to the terms of this Securlty Insirument or the PIote without thei Borrowe�'s consenG _
<br /> . 13.Lwn Char�ee. If the loan secumd by this Security Insmiment is subject w a law which sets maaimum loan charges. �--°
<br /> ' and that law iv finally intccpreted so tliat the interest or other loan cherges collected or to be collected in connecdon wiil�the loan .--
<br /> : . •� eaceed tho pesmittecl limits,then:(a) any such Ioan cluirge sh�ll ba reduced by the amount necessary tQ reduce the eharge to the _
<br /> �xnniued llmit;and(b)ciny sums elready colLected from Borrower whicb exceeded permitted IimiLS will be refunded to Borr�wer. =
<br />- i.endu may choose w make th�s refund by reducing the principal owed under the YVote or by making a direst payment to
<br /> � Borrower. If a ref�nd reduces princiDal,the reduction will be treated es a paititil prepayment without any prepaymeat charge -__
<br /> � under the Nota. ���
<br /> �=_ -.
<br /> � • ,� 14.Noticea. My notice to Barrower provided for in this Secueity Instrument shall be Aiven by delivering it or by mailing it
<br /> " by fust class mail unlcss applicable law rcquires use of another method.The nntice shall be directed to the Property Address or �,,;�,�
<br /> `� '� any othor address Bmrrower designates by nodcc to I.ender.My notice to I.ender shall be given by first class mail to Lender's __
<br /> - address stated herein or any other address Lender designates by notice to Borrower. Any nodce provided for in this Security =
<br />;'•' �• .•. Instrument shall Ue deemed to have becc►gtven w Borrower or Lender when given as provided ln this para�aph. ���y-
<br /> . 15.Governiug Lf�w;SeverabIlity. This Securlry Instrument shall be govemed by federal law and d�e law of the :;���.,;,,„
<br /> jarisdicaon in whlch the Proparty �S locatsd• In the event that any pinvlsion or clause of thiu Securi�ty Insuument or the Note ;�t,'''-""`
<br /> conflicts with applicable taw.such conflict shaJ not affect other provisions of thi�Security Instrume�t er the Note which can be -_,:..__
<br /> � given cffect without�he conflicting pxovision.To this end the provisions of this Security Inshument and ihe Note are declared to ^:i.�.�_
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<br /> be severable. ,, .,'t:•�_
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