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<br /> _�.�, ��. 98- 1(F�26o
<br /> �"=-- paym�n�c may na langer bc reau'vcd,at thc optlon ot l.cndcr, if mongagc insurancc covcragc(in t�c amount an`�l for thc period
<br /> �;.��� -
<br /> _:���,� that I.,aidu roquires)providod by an insurcx approvad by Lcndcr egein bccomcs availabla and is oUtair�ccl,�atrawcr shul!pap tttc
<br />°;^��� prsmiums roqui�cd ta maintain mortgegc insu►anco in cffact, or w providc a loss rescrvc, undl thc rcquircmcnt for mongagc
<br /> �G��.� insurancc cnd�in accadance with any wriucn agrccmcnt bctwccn Borrowcr end Lendc�or applicabic Inw.
<br /> _,y�� 9,laapection. Lcndcr or i�s agcnt tnxy make rcasonablc cnulcs upon urid inspcx;uonv uf U�c Fr��xety.Lcndcr shall givc =
<br /> F3amowcr notkc at the timc af ar prar w an inspcctian spccifying rcasonablc causc for thc inspocdon.
<br /> �'��� 10.ContlemnAtbn. Thc procccds of uny award or claim fa� damagcs, d'ua;t �r canscqucntial, in wn�cction with any
<br />� condcmnation or other taking of any part of thc Property,or for canvcyance ia liau of candcmnution.arc hercby a.�igncd and
<br />- -_: shall bc paid to l.�ndcr.
<br /> In the evcru of a►otel taking af the Propcny,thc prococds shall be applicd w the sums�ccurcd by �his Sccurity Instrumcnt,
<br /> -"'�j whethu or not thcn due,with any excess paicl ta Borrowu.In thc evenl af a partial taki�g of tha Property in which thc fair markct
<br /> ,t��� valua of the Pro{x.rty immodlately bcforc thu taicing is oqual co or grc�tu�han iho amaunt o[�he sums sccurcd by U�is Sccwiry
<br />:,.r:+��� Insuumcnt immodiatcly bef�ro thc laking, unies.s Borrowa and Lcnder othcrwisc agrx in wridng, tha sums sccurcd hy this __
<br />-���'�� Security Inswment shali bo reduca!by the am�unt of tha proccals multiplicd by the foUawing fraction:(a)�he total amount of
<br />`��� tha sums sccurcd immcdiately bcfore the talcing,divided by (b)the fair mazkct valuc of thc Property immcciiatnly beforc tha
<br /> _---= taking.Any balancc shall be paid to Borrowa.In thc event of a parlial teking of Ihn Property in which tho fau markct velua of thc
<br /> -°-- MfOpCflY IIrYI.��du:iy �FQlC :�:t L!.kinp ic je'cS RhNS! �hc ar.iowit ef th8 Sti:'.'�"..iLCilTiw'� iiTiuiuiiuli.�j °�n".fG�L�f:. L^..�'•fR$, L'.^•I�o,g
<br /> _ Borrowcr end Lendu othcrwlsc agree in wridng or unless applicable law otherwisc provides,the procpods shall bc applicd to the
<br /> sums secural by this Security Instrumeat whcther or tat tha sums acc then duc.
<br /> If the Pcoperty is abandonal by Barowcr,or if,aftcr notice by Lcnder to 9orrowu that the condemnor offers to make an
<br /> award or seule a claim for damages,Borcower fails to respond tn Lenda within 30 days afier the date the norice is given,Lendcr
<br /> s� is suthoruat w colfa;t aixt apply the proceeds,at iu option,eithu to rcstoradon or repair of the Pro�erty or to the sums sec�ued
<br /> by this Socurity Inswment,whcth�r or not then due.
<br />-- Unless Lendu and Borrower otherwtsc agtee in writing,uny applicadon of proceeds to principal shall notextu�d or post�ona
<br /> -- the due datc of the monthly paymen�s referced to in paragcaphs 1 end 2 or change thc emount�f such paymen�s.
<br /> 11.Borrower Not Rekased;Forbe�rxnce By Imnder Not w W�iver. Extaision of thc time for payment a modification
<br /> — of amortization of the sums sacured by this Sc�curity�nstrumcnt granud by Lender to any sacccs9or in interest of BorrowEr shall
<br /> _ not operato to release the liability of the originaS Bormwu or Borrower's successors in interest.l-eadet shall not be royuic�,Q to
<br /> comme,na procadings against any succassor ir�inte�esi ur refus�:to extend time for pay�iie�it or olf�crwise modify amortizrti�on of
<br /> -� the sums secured by this Security Instrument by reason of any demand made by�t►e original Borrawer or Barower's successors
<br /> in intaest,My forbearac�ce by L.ender in exercising eny dght or remedy shall not be a waiver of or preclude the exercise of any
<br /> right or remtdy.
<br /> �� 12.���:s:ar'!�-.��.°�°�i,r�Lr�.n�f�r�ral Liability;Casignere. 'Itie covenants and agrecmenis of this
<br /> Security Insuument shall bind and beneCt �hc successors and a�signs of Lenckr and IIorrc►wr�,subjoct w r,he provisions of
<br /> p�agnph 17. Borrowcr's covenants and agreanenls stWl be joint and sevaal. Any Borrower who co•signs this Security
<br /> Instrument but doea nat eaeecute Ihe Note: (a) is co-aigning this Socuriry Inswment only to mongage, grant and convoy that
<br /> — HOf[�OWC�'S iTl[ClOS[III I710 MOPC[iy UII41Ct YlG ir.iuia vi ui a.°.v�.w,�iw�rnFmw►�t.(Ml 1S flOt I1CTS071�Y Ob�lf[81C(1 IO p8V�1C SU(I1S
<br /> r�� securcd by this Security Instrument;and(c)egras thaT Lendc�and any oth�r Bo�rower may agrce to extend,madify,f�M.nr ar
<br /> _.r��
<br /> m�lce any accommodations with cegard to iho terms of thls Secwiry�nswment or the Note without that Bomower s consent
<br /> 13.La�Char`es. If the loan secwred by tlils Seciuiry Jnstrument is subJect to a law which sots maximum loan charges,
<br /> and that Iaw is Gnally in�upretod so that the Int�erest or other laan charges collected a w be collectod in connxtion with the b�n �
<br /> encoed tha peimitud limits.then:(a)any such loan charge shall ba reduced by the amount necessary m reduce the charge w the
<br /> permlqod limit;and @)any sums alre�dy collocted from Borrower whlch oacooded pamitted limits will be refunded to Borrowa.
<br /> I� m�y choose w make this rofund by roducing the princlpa]owod unda the Note or by making� diroct payment to
<br /> Borrower.If a cefnnct roduces principel,the roduction witl be treated as a pactial pcepaYma►t without anY P�Y�t chnrge
<br /> undcr ttx.Note.
<br /> 14.Notices. Any notic�to Bortower provided Cor in this Securiry Instrurtxnt shall be gtven by dclivcring it or by mailing it •
<br /> by first c.L�ss mail unkss eppUcat►le 1aw requires use of anotha mathod.'Ihe notice shsll be directed to the Propaty AcWress or
<br /> any othor uddr�ess Borrower designates by notke to Lenda. Any notice to L.ender shall be�iven by fust class mail to Lerida's
<br /> �� s� �N a any o�er acWress Lendcr designates by nqdcc w Borrower. Any nodce provided for in this'Sec�irity �
<br /> Instrument shall be doemod W have 6ten given to Borrowu or Lendu when given as providcd ln this paraqrAph.
<br /> 15.Govenin�Law;Severabitity. 'iliis Securiry Instrument shall be govcm�d by fedtral la�' and the law of the
<br /> _.— jurisdktion in which the Prapercy it located• In thc event that any provision a cl�usc of lhig Securlry Instrumcnt a thc Note
<br /> conflicts with applicabk law,such conflict shall not affect other provisions of this Security Instrument a ihe Note which can be
<br /> given effxt without tht conflicting provision.To this end the provisions of this S4�curity Instrument and the Nou are docluod to
<br /> bo severebk.
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