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<br /> . PaYmenCs may no longer be required.at ths opUOn of Lender.if mortgagc ins�uancc covcrage�(in�e acnau�iTo7't��riod f - -- �'.;.--
<br /> that Leader tequses)Provided by an msurcr a}�proved by I.ender aga�becomes availabie and is ebtainod.Borrowcr shatl pay ttie '' .
<br /> premiuinc required to maintain mortgage inswance iw effect.or to pmvide a loss reservc,until thc requiremeni far mongage � . ,
<br /> insutance eads in accordance with any wriuen agreement betweeA Borrower and I.cndcs or applicable taw. � •
<br /> — . .� 9.InspeMion. Lender ar it5 agent may make reasonabie entries upon and inspections oi the Fropeity.Lende,�shali give : � .
<br /> Borrowea nouce az the tima of or prior to an inspection specifyiag rea�amble cavse for the inspecdon. I �� ..
<br /> 10.Cond�nation. 71te piocceds of any award or claim for damages, direct or consequeatial.in coanection wifh.an;r . '
<br /> . condeismation or oWer raking of any part of the Property,or for conveyance in Geu of condemnarian,are hereby assigna�!ttnd t��•.,; {: .:
<br /> shall he paid m L,ender. , ,
<br /> � 1n the eveat of a mtal raking of the Prapeny,the p�ocCeds shall be spplied to the sums secu[�a b1111is Seciuity IaStrttmeul, ':'':,..•� .
<br /> whether or not then du�with any cucess paid to Borcower.ln the event of a Qartial taking of t�n Prop�tjr in.which the fair market ��;�::� .
<br /> i;,-� ':1iF�:.
<br /> ' + value of the Pmperty unmediately before the tak�cg is eqaal tn or geater tban the amount af th�smas sccumd by this Secanity .
<br /> , Instrameat immediatety befaie the taking. �miess Bomawer and L�ender otherwise agree in writing, the smns secured by this � . . ' .
<br /> . � Seauity�asurumeat sdall be redased by We amount of the proceeds mulD�plied by the faIIowing fiactinn:(a}ihe total amaunt of ` . �
<br /> � the sums secau�d immediately befare the taking,divided by (b)the fair market valas of Uce Property immeaiately before the . . ' .
<br /> , • j tal�g.Any batance s6aU be paid to Boimwer.M the eveau of a gactial taking of the A�operry in whicb the fair marlcet value af the � � .. .
<br /> - ' ' �D�Y immediatcly befoie the tat�g is 1es� than the amaatrtt of the sums secured �mediarcly before the takmg. � , , <.> �. . '
<br /> . . � Bormwer arid Leadea othe+rwise agree in writing or unless applicable law otherwisc provides.the procee�s shall be applied tn tha . - • . . .
<br /> sams secvmed by dus Sectvity Ir�sunmeut whether or aot thc smas are thea du� F .
<br /> If the Pmperty is abandoned by Boaower.ar if,after notice by Lend�to Borrow�t1�at the condemnor offeis to make an ! ;<�,' '
<br /> t } . :����F'� �
<br />_ award or seule a claim far damages,Barrower fa�1s oo respoad tfl Lead�a+ithin 30 days afta the date the norice is given.Leadar � � '
<br /> �: �� . is authorucd W cal�t and apply the�ceeds,at its option,eitP�ei w reswraaon or repair of�ie Property or w the sums seaired � .�';�: .�` }
<br />.; , by this Seaairy Instrumeat,whether ac¢at then due. �. .�-:`-�`
<br /> � Unless Lend�and Borrower othawase agre�in wri6nS,aaY aPP�tion of pmceeds to prmcipal shaU not exteud or posEpone � `';: ��:' •
<br /> � the dae date of the manthly paymeats refemed m m yaragraphs 1 and 2 or ct�ange We amount of such payments. •
<br /> � ll.Borrawer NoY Ae�eased;Farbearana�By Lender NoY st Waiver. Estensioa of the time for paymeut or modificarion � ; •�'��' �•
<br /> of aQ►a�oa of the sv�s secaaed bp this Security Insaum.ar graated by Gendcx w any sacaessor in iateiest of Boimwer shall
<br /> � noi opaate to re2ease the liab�ity of the orig�al Bairoarar e�s.i�,i��var'�suaoessass in inter+est.Lende�shaU not be req�aed w � - �
<br /> .�: commauuoe proceedings against any s¢ocessor in i�te�esi or refuaz w e�ctead time fc�payment or otheawise modify amart�ation of _ . �'� =�.'�
<br /> th�s�ns secaucd by t2�S�ai�la�ument 6y!r�an of aay deawnd made bF+¢he original Borrower or Barrower's svccessors �` �. "�:
<br /> ' ?H , in i�aet.My farhe�m�z by Leatles in exenv�g any right or remedy shall nni b�a erai��er of or prectude We exenise of anY � .�,:.� . ` '� .
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<br /> ;, ;,�.�� � dght m r�nedy. , • ..ir- � ;
<br />-- •' . . .� ',.�; 1Z.Snoc�SSOrs and Asstgns Bas�;•Soiat a�d Several Lia6�7ity; Casigaera'tiie co�re�nis and agreeme�nts oE thls � ��='`- - �';�:•
<br /> � Seauity Instrument shall bind and bca�efit the s:�xssors and assigns of Lende�and B��r,su6jact W the provisioas of � ' �.' . '• '','r��::
<br /> � b 17. Bonower's wvenants and ` .s-
<br /> �r�{gtu� ag�:�s� shall be jo�t and severaL Asiy Borr�mwer who co.signs tl�is Se�rity . .,
<br /> ` Ia4trtument bnt does not execute the Note: (a)is a�igaing this Sewrity Instr�ment only to mortgage,�t and convey that ' � -��'�"
<br /> -:;, Borrowec's interest um We Propeity under the terms of this Sec�rity tnstrament;@)ic not p�sflaally obligated to pay c'dee sum4 • . .' . f�:-:,�
<br /> " secaued by t?iis Seauity Insaumen�and(c)agee.s that Lender and any other Borrowe,r may agree w eatend,raodify,fac�ear or • .. ' "• .
<br /> ���;• � make xn}r aceommodarions with reg�d to the tenns of this Security Instrument or the Note arithout ihat Borrower's cor�sect. . "
<br /> ;� i 13.Loan Charges. If�he toan secured hy rBis Seciuity Instrument is sabfsct to a law a}uch seis maxunum toan ct�ges, ..;�� . ,� --�•,
<br /> . } and Wai law is fmally�rerpreted so that the ir�tor�i or othe.r loan charges coli�or io be collectcd in canncaron vvith tAe laan �, , .. ;� ,�-�:
<br /> j exceed ths permitted limits,then:(ay a:.y such taa�cl�ge shall be reduced by the amount neressary w rcduce the charge to the . � � _
<br /> "± .! permit[�d limi�and(b)any sums alr�dry wIle�ed from Borraw�which eacceded pamiued timits will be refundcd to Borrower. � ,;;�•�. :• . �•:',:�:
<br /> . ! I�ender may chaose w make this refund by reducing the pria�al owed under 1he Note or by making a direct payment to ;��..;:_
<br /> • Bomoaer.If a refund reduces principal,the r�dvaian will be treated as a partial prepayment without any prepayment chazge •'•-'.,-
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<br /> ; ' �mdea thc Note. � . '�ti�::=.�:1�;.
<br /> �'i ���7 �. �����r(r:i.
<br /> 14.NoL4eea. My notice tn Horrower provided for in this Sec�rity Instrument shall be given by delivcring it or by ms'�!iag it - .':;�.��:,:<�,.'.�`;,;.•.._�_
<br /> by fust class mail untess applicable law requires use of anottur�ethad.'I7ie notice shall be directed to the Property t�dfa..�r.�s or ':;�;';;�:":. �: .,'•i;?�
<br /> �' � any other address Borrowar designates by notice to Lender.My notice to Lender shaU be given by first class mail to Lers�ex's .. • �::.c���;:
<br /> :�' address shated derein m any other address Lender designatrs by notice to Bo:rower. My notice yrovided for in this Security . . `.;.;j_
<br /> _� � Iasmun�t shaU be deaned w have been giver�to Borrower or Lender when given as provided in this paragraph. k . '�:'.:;
<br /> " ! 15.Governing L�cv;Severability. 7his Sccurity Instrument shall be govemed by E'ederal law and Ihe law of the ' ' :
<br /> jurisdiction in which the Propeity is locateA. In the event that any provision or clause of�,'tils Secwity In.strum�nt ur th�Note �
<br /> � coafliets wiW applicable Iaw.such conflict shall not affcxt olher provisions of this Socurity Insaument or the Note whic�can be ! . . • '
<br /> - i . ; given eKect withwl the conflicting provision.To this end the pmvisions of this Setutity Instrument and the Note aze deciared to 4 �� �`���-
<br /> . � be severable.
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<br /> ' Form 302�J�
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