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<br /> ( {snymcnts may no lon�cr bc r�yulrcd,nt thc optipn af Lcnder,if mort�ngc insuroncc covcragc(in thc amaunt und for tha pericxl •• '�
<br /> ., ,. that I.cndcr rcquires)providcd by nn insurcr uppsovcd by Lc��dcr a�nin becomes avallablc and is obt�incd.Dortowcr shall pay d�c ,
<br /> pr�cmiums requircd to malntaln mongngc insurrsnco nn cffcct,or to provtdc a lass rescrvc, until lhc requircmcnt for mongagc -�
<br /> I insurnncc ends in t►ccc�rdancc wilh any wtictan agrccmcnt bctwccn Borrowcr pnd Lcnder or applicnbic law. E •.
<br /> ` 9.Inspest�on. Lcnder or i49 agent may make rcASnnable Gnuics upon und inspocpons of the Property.Lcnder shull give
<br /> � Borrower nodce at dte time of or pdor to an inspection specifying res�sonable cause for the inspecdon. � -
<br /> � 10.Conrkmnatbn. 'Il�e procceds of nny awt�rd or clnim for damages, d'uect or consequenwil. in connecuon with any
<br /> ' conder�natian ar other taking of any part of thc Pro�crty,or[or conveynnce in lieu of candemnadon. �re hereby assigned snd � -
<br /> ; shall bc�.�id co I.cndcr.
<br /> � In the event of a total taking af the Ptoperty,th�proceeds shnll be applicd W the sums secured by this Sccurity Instru�ncnt, , ., , • '
<br /> whcther os no1 thcn duc,with any exccss paid to Bomnwer.In the cvent af u partial Iaking of the Pnnperty in which thc fair market - ��+��:.
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<br /> value cf the Paoperty immediately beFore ttee teking is equal ta or greater than the amount of the sums secured by this Securiry - ,_;��.
<br /> ; Instruincnt immediutcly bcfore thc taicing. unless Borrowcr and I.Gnder othcnvisc a�rec in writing, thc sums sccurcd by thls �'��^����,.�
<br /> . Security Inswment shall fx:reduced by the iur►ount of the proceeds muldplied by the following fraction:(a)the totsil amount of :.'.�r�,�:���=
<br /> � the sums secured immediately before the taking,di�►ided by (b) the fair mar3cet value of thc Property immcdiately bcfore the ;'"_
<br /> ' u�ktng.Any ts�lance shall iw paId tn Borrower.In the event of a partial tak;ng of the Property in which the[air market value of tfie • "__ _ ,
<br /> Property im�raediatcly beforc the �aking is Icss U�an the umount of the sums securcd immediately before the taking ��n4�,ss --
<br /> .� Borrower artd Lender otherwise agree in writing ar unless applicable law otherwise�rovides.the proceeds sha!1 be applied to the �'�'
<br /> sums secured�y this Security Instrument whedier or not th�e sums are then due.
<br /> � � If the Property is abandoned by Borrower, orif. aRer nouce by L.ender w Horrower that the condemnor offees to make un . �� _
<br /> ' award or sctt�e a claim for dam�ges,BoROwer fail+to resgond to Lender within 30 days after the date the notice is given.Lerecl�r ,_ , �-,
<br /> ::;,,i� ,; is authorized w collect and apply the procecds,at i�s option,either to restorr.UOn or repair of the Property or to the sums secured �,',�
<br /> :;, � by this Security Instrument.whether or not then due. '°�� �` �
<br /> � Unless Lcnder and Borrower otherwise agree in writing,any application of pracceds to prineipal shall not extend or postpone `r;.
<br /> �` tha due date of the monthly payments referred to in paregraphs 1 and 2 or change the amount af such payments. �" ` '
<br /> ,y, 11.1Borrower Not�teksossed;Forbea�ramce By4ender leiot a Waiver. fiatension of the time for payment or modification •'`�' '
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<br /> __ __ of arnortizavan of the sums secumd by this Security Instrument granterl by Lender to any successor in interest of�orrower slsall ':�`.�' � � � �
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<br /> nat operate Qo relcase the llabiliry of the o:-i�lnal Borrower or Aonower's successors in interesG Lender shall nat 6e required to
<br /> • commence proceedings against any successor in in�rest or refuse to extend time for payment or othenvise modifry amortizauon of '
<br />- ' the sums secured by this Security Insdumeut by masfln of eny demand mude by the original Botrower or Borrower's suc.�essors 'r r ' �
<br /> � , in interest Any f�rbcarsrnce by Lender in exercising any right or rr.medy shall not be a waive,r of or preclude the exercise of any ,�`•�.. �'' � .
<br /> ; right or remedy. �
<br /> �� 12.Sucoessors and Assigns Boond;Joint and Scveral Ll�bfltty; Ca�igaere. 'I1ie covena�u and ag�eements of this `h
<br /> ' t. } Socuriry Instrument shaU biad and banefis the successors and assigns of Lendes and Barrower, subject w the provistons of �':y
<br /> � � j paragraph 1'l. Borrower's covenants and agreemcnts shall be joint and several. Any Hoirower who co•signs this Security ��)f
<br /> � Inswment but does not execute the Note: (a) is co-signing this Security Inswment only to martgage,gr•ant and convey Rhat _
<br /> Borrower's interest in 1he Property under the terms of this 5ecurity Insaument;(b)is not persanFilly obligated to pay the sums
<br /> � securori by thls Security Instnunent�and(c)a�rcx��taat Lender ar�d any other Borrower may agree to exund,mmtlify.forbe�tr or ����
<br /> make any accommodations with regiurd w the terms of this Secueity Insuwttent or the Note without that Borrower's consent '�--- �
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<br /> 13.Loan Charge�. If the loan secured by this Security Instrument is subjcxt w a law w{�ich sets maximum loan charges, �""_
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<br /> . and that law is finally inte�preted so that the int�erest or other loan charges wllected or to be coltected!n connocdon with the loan �+-_- ----- _
<br /> excced thc permIped Ilmits,then:(a)any such loan criargo sl�all be reduccd by the amount neccss�try tn reduce the cha�ge to the =-___
<br />� „ pem�iued(lmit;and(b)any sums alrcady collected trom Bocrower which exceec}cd pemiitted limlts wUl bc refunded to Sonower. __�.�
<br />- .. : Lender may chuose to make this refund by reducirsg the principal owed under the Note or by making a direct payment to ,�.��— __ .
<br />� Sorrower. If a refund reduces principal,the redixrion will be treated as a pardal paepayment wlthous any prepayment charge - -�
<br />'' - x under the Note. -_.
<br /> � 14.Nottas. My notice to Boaower provided for!n this Security Instnunent shall be giveai by delivering it or by maili�$it ` �—.�
<br /> ' � ,� by first class mail unless applicable law recjvires use of another rrtethod.The nodce shnll be dieocted to the Property Address or �^'-�.'°°��
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<br /> " ' any othear address Borrowcr designates by nopce w Lender. Any nodce to Lea�der shall l>e given by f'vst class mail to Lender's �'�°�'�_-�~'"
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<br /> •'_'` �ddress stated herein or any nther eddrest Lendetde�ignates by norice to Borrower. My nodce nrovided for ;n �hic Ce���riry :�,��?Q.�'�f�is�
<br /> ; Instrument shall ba deemed to havc been given to Bomower or I.ender whcn givcn as providcd in�his paragraph. ��;r°�"� � '
<br /> . 15.Gove�ning Law;Severability. '[his Security Inswment shall bo govamed by federal law and the Iaw of U�e -�- � -; �7=
<br /> , j u r i s d k Gon in w hic h t he P r o p e r t y is l o c a t e d.I n t h e e v e n t t h a t a n y p ro v i s i o n o r c l a u s e o f t h i s S e curi ty Ins tr umen t or t he No t e =_ `'� �:�%`;, >"
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<br /> , . ' �� conflicts with applicable Iaw.such conflict shall na 3ffect othcr provisions of this Security Insuu�nent or Ihe Note which can be ° � ,,;:. . ° _
<br />; ' given effixt without the conflicting provision.To�his cnd the provisions of this Security Insu�vrr:n2 and the Note are declared to � ' � ���
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<br />: ' ba severable. .�•�.'
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<br /> -. I Form 3038 91�0 • � •
<br /> - ' ' �-el9(NB)tvz+sJ.as Pap�4a10 Initlsq:...._ - .-
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