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<br /> • ''�.<<;; payaunts maY no longer be requircd.at ttte option of Leader.if aiortgage insura�ae coverage(in Me amount and for the petiad _
<br /> � • ' that I.endxr cequi�s)providsd bryr an insuner appmved by LenQer agaiu becomes awaUable and is abtained. 8ormwer s4ialt�y -
<br /> '�� 4� ' `' � J the premi�nss req�ured to maintain mortgage insurance in effea.or to pmvide a[osv reserve,until the requirament for mortgage -
<br />: �ti... � -
<br /> :"•'�,� iasFaanoe eu�s in atoordal►oe witb a�ry written agseemeat between Sonower and tender or applic�le law.
<br /> � F..•: ':.. 9.Inspas#oa.Lender or its agent may matse reasonable enuies upon and iaspections of the Property.Le�tder s6all give `
<br /> �` `� Bosrower nu�ts�e at the time of or prior to an in�Ction specifying reasonabte cause for the inspection. _
<br /> `�::��' L0. Can��nnatton.7'he pmcee�s of aay awar+� or claim for damages.diiect or ooasequeatial.in oonnetxion with any _.
<br /> "':�.�; .`��':;:`4 oondemnation or other taking of any part of the Pmperty.or for oonv�yrance in lieu of wndemnatioa.are hemby acsigae6 an�
<br /> , ` ` sl�al9 be paid to Iaader. _-
<br /> "'.',;: .� `,..,.y . In thc event of a tota!taldng of the Pc+openy.the proceeds shail be apptied to the sIIms socurad by this Security tasnument. �-
<br /> . '`",'-+.- r'`:�� whetbes oz�ns then due.wiW -
<br /> � ,r , .. ; . anyr e�ss paid to Borrower. In the event of a partiat tala�tg of the Pmperty'in wluch the fsir _
<br />_ .>',.�` �. . marke�t valaz of the Pcaperty imaudiatety hefore the taking is equat to or greater than We amount of the sums s�dy this -
<br /> • Se�uity Insuumeat imcaediazely 6efore thQ taking,untess Bonower and Lcmder atherwise agree in writing.the s�sec�ed bY =_
<br /> . ,:�.;:;,, .:_�- i�s Secnritq�astc�a�ent shall 6e rednoad by t�amnunt of the pmoeEds mnftiplied by the fouowing fiactinn (a)the total °=
<br /> " amo�nt of the sums se�arred immediateJy before t5e taking.dvided by(b}the fait mar7cat watue of the Piaperty immedi�t�lti'. -_
<br />, . . ,_ �.
<br /> '-`��•:"°•• �� 6efoie ihs taking. Any balance shall be paid to Botrower. In the�event af a partial talring of the Prtiperty in wtuch tGe fuiti
<br /> .j�``_„ �:r`•� mark�valus of the Fmperty immsdiateJy befort the takiag is less than the amonnt of ttce sums secored immediateiy before t� =-
<br /> , .''•,: `. ... �ing,unlesS Borrower and Iznder otherwise agne in writing or un�ess applirable law atherwise gmvides.tke proceeds s1�l1• -=
<br /> `- ��,�'� ��:�.applied to the suros secarad by this Secvrity Insuumem whether or not the suuas are then due. --_
<br /> :`'� _ ; . ::,�� �. . if the Pra�pecty i�abandoned by Bom�wer.ar if.after notice hy i.ender to Borrower that tlte candemaor offers to at�A'e an� -
<br /> .,. . �;
<br /> ' , award or settte a ctaim for damages, Borrawer fails to respond to Lender within 30 days after the date We aatic�e.is�.giveai.. -
<br /> ,�`�_.�.'' .,;�5�. , • . . Lender is anthorized to oollect and appty the Qro�eQs,at its option.either to�storation or�pair oY the Propeny m�ta�sums �t
<br /> � 'r` '��`' secarRd by this Se�rity�ent,whethes oT not then dae. F
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<br /> .'• ' •". '•' � Untess L�nder and Borrower utherwise in wtitin , any application of mceeds w r`
<br /> •°., � $ P Prinsipal s�aSl na6te��tead�o�:
<br />. pnstpane the dne date of the uwnthly payments refemed to in paregraphs 1 and 2 or c6aage We amoaat of sucD paym�ems:: ��
<br /> ��,.��, .',`::'�� � 11.Bor��acr Na!Released;Forbearanoe By I.end�Not a Waiver.Extension of the time for payraent or ma�iiticatian °�
<br /> '� � ��� of amartir�tic��f the smng secared by this�Sec�ity instrame�granted by Leuder w ai►y successor in iiucrest of Btitrav.�er,st�all� F
<br /> .. ` ;{: 4r.��apelate to seleas�the li�.,"t�ity of the origiaa!Borrower or Bomnwer's saccessois in intenest.Leader st�a�l,*►xa:be teq�ued to• f�
<br />- ''. -�'�meat�proc�ed'u�gs�'t�.any successor in iute�est or r�fuse to eatend time for payment or otheiwise t��,•:amr:adtatioa�: _-
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<br /> . ._,��`� •:�.2he sums secared��:. c`ta�-�rity Irs�ument by reasan of at►y demand made by the origu�l Bo�a�t�ar Bosrovret's «:.
<br /> , r t, successors in�esa:.�g�fi��der in exercising atry right or remedy shall aoc.��a���vaiver•3i'i:ur.prec�a�tE� =°
<br /> - '. �; exercise of�;��;�.4r r�ee�}. �. , � � `
<br /> `' :.�', 12. Su�r� aFd Bow¢d; Joint and Several I�abit�
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<br /> ,,S; �Sign� tY, Co-slgaeis. The covenanis and a�Oaen�.�.of�t�ia +_
<br /> � � Secvrity Liswment shall 6�ir�and bene5t the suaessoss and assigas of Leader and Bormwcr, sub}e�w tt�e�p�rnvisio�s of
<br /> , . , `:.�': -
<br /> ...a.� para8raph l7. Bomower"s covenants and agreements shall 6e joint and sevetat. My Borrower who co-sign3.tt�4,S�uity; �_
<br /> � " Instrumeat but does nut execute the Note: (a)is co-signing this Security Inspwnent only w mortgage,grani a�d�poiav�y,t6at� �_:
<br /> `� :+�; Barrawer's interest in the Property under the terms oF N�is Security LLSwment:(b)is not peraonalty obligated td p�r.thit sttms �:�-
<br /> - �` ' secured this Seaui Lsd�vment;and(c)agrees that Lender end an oiher Bomv�'�,r ma a L���
<br /> h}► ty y y g�ee to extend,modifye foQb'eat�oa�
<br /> ' ��; :•,.:� � �any zcoommodatIons+�5th r+egard to the tetmv of this Security Instnunent or t�EVote wlthaut that Bonovrer'9:oo�senW --`
<br /> ". �-� 33.Iaan Chaeges..�1�.�loan serured by this Security Instrument is subjec¢tv a!aw which sets maxima�lban�ch'aeg2s,. -
<br /> - � ' ` �and tha�taw ia_fra3ly i�;�eted so that We intemst or other loan charges collected or w be c�Hected in coaaection,,vui9h tDe .�-
<br /> •' �;����i laan exceed tT��Q�.+9d•timits.then:(a),any such loan charge shaL�l i�e reduced.by the araoyr��ssary to mfiaae rL�cpar� --
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<br /> :�,r , . _ � to the permitt����C�)anY su�ns atre�dy coltecte���c�U.�:r which err.�c!ed pernuicEd tiarits will�tia refar:dr.d-w ==.
<br /> � Bon+awer. I.ensler�sraq �e to make ttris refund Qs�zs� t�e�prlacipal_��+!under the Note or by�r��ttain�,�a�ditect -
<br /> -_ . payment to Borrower. �,`��a sefund red�ces principal, thx red�aron will be � as a P� P�P�pA�vait�omII�any: __-
<br />--___ .. � Preyaymeat ch.�a under(he Note. _-
<br />_-_ � ,t. !4.Na�er�.My�dce to Eorrower provided for in this S�.tnsuament shall be given by dellvering ft�ob;I�y�lnailiag� -
<br />-_ . . • it.by first ctas's r.iail untess applicable taw reqnires nse af another�rad.The not�re sha116e directed w the Prm��erty,'A'ddiess :.:�:.
<br />---__ '• � c�a;�sy other address Berc���:r designates by Rotice to I.enQer. Aa� �otice t� �i,einn:e= shaU be given by fnst�c�2ss•.mnil�tq� =-
<br />_ -- � � ' T,ac;der's addtess atated h�^.ai;�or atry other addness Lender designates L.r,�a�t�tt�a Fannwer. Aay nodce pr�v�t1�l��ov�Ica�tA:s. -=_
<br />- � ..�,� , �_ Security Instrument shall.be�fieemed to have 6een given to Borrowe�ca Ii.�a^.�er arae»grven as pro�vided in this paragap�� ;�:-
<br />= 15.Gov¢rning I�w; 5everability. Th9s Secvrity insm►mer.t: �1! be govemed by Ea��til taw and the tav�,:afnQ+r ; ;
<br /> , jurisdiction ta,wfi.:ch the propeny is tocated.ln the event that any prc-:ision or clause of this S�.,vrity/nstnunent or tkie��Nt4�v '`=
<br /> - '. k oonflicts witb c�pUcable�,�.:sach confllct shal)not affect other provis#nns of this�rity Instrument or We Note whictr pp bi�
<br /> . • � '.�, •; given effect without the a�f�'�xing provision.To this end the provisions of t&is SK:r.urity Instrumeat and the Note are d�claro6� , '
<br />_- . ; tQ be severable. ��.,
<br />---`•.�;�� � . ,�� � ; 16.Iimnm�ft's d'opy.Bflrtower sh:�`:1::+e givCO olt6 Confolmed cQ.�Sp af[h8."Ii�G�Sttd of 1(Iis���curity Instrument. -
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