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<br /> 2-'��`'c,�•� paymenLg may no tonger be required,at We option of 4ender.if martgage insurattse coverage(in the smaunt aad for the periad -
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<br /> .'-�R '��•4 •'`��' that Lendei ceqtdres)Provided by en insurec sgproved by t,craier agaia beoosn�avaitabte affi is obt8ined.Bama�ver shall pay . _
<br /> �,.:; :.,�:.: ;: the premiums requirad to�taia mortgage inswance in effect.os to pmvide a loss reserve,until t6e requiiemeiu for mortgage _
<br /> ° �:.����� ` idsur�nce ends ia acwrdmice with any arittea agreement betwe�Burmwer aad Lender or apglicable taw. ��
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<br />- .� ` � . ..• 9.Inspeetiun.LEnder or its agent may mak�reasonable entries upon and inspecnons af Me Praperty.Lender shatl give :,�,
<br /> ` � " Bosrower notice at the dme of o:prior to aA�nspectl�n spec[fying c�+sonabte cause for the iasgecdon. ""
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<br /> '"..���3_ • 10.Coad�on.The pmoeeds oi aay award or claim for daimages.direct ar wnseqaendal,in onnaect�on wit6 any =
<br />_ '''�u'�,-� -.�;"� condemnation or other taking af any part of the Property.or for comeyance in I�eu of co�demnafsoa.are here6y a.4signed and �
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<br /> :.;•r.;:. � ;.•.....�; •� shall tse paid to I ender.
<br /> �•;.. , in the eve�of a cotal taking of the PropertY.the pmceeds shall be ap�p43ed to the surn�sectued by,this�S�ity Iasuument.
<br /> �'-� ; , ` '' whethes or not tflea due,arit�any eaoess paid to Borrower.In the event:of a pactia[talong of the.Pro�tty in wiucb the fair
<br />':;..�;�`��"^. ��1',• �iatel before the taking,is equal to os greatsr tt�an the amnnai oftti�swus sec+uPd by this -
<br /> .' , ,., �. . . market valae of the PcaD�Y� Y --
<br /> .�'.: �� ���". . Seauiry.instr�meut immediatety bcfore tbe taldag,untess Borrovrer and Lender othenvis�agree in wridng.the sums sec�ued by
<br /> '� ;"�k� �°. this Se�ity Iasavment sbelt he red�ced by the amnunt of the proceeds muhiplied by tfle foliowing fradion:(a)th�mtal .
<br />:�` �, •';:� �maant uf t6e sums secared imnrmdiately Defore the raldmg,divided by (b)the fair markei vatue of the Property immediazelY
<br /> - ::�'�l>-`_�,` 6efore the�ng.AnY halance s�atE.be paid to Bors+ower.In the eveat of a parttal talcing of the Pmperty in whicd the lfair �
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<br /> , `.+" �.: mark�vatue of the t'toperty�Y before the tatdng is less thaa the amount of the sums secnied immedintelY 6efo:e the __.
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<br />-- • '" taking,unless Bomawer and Lender atherwise agree ia writing�or aW�s applicable law otbera+ise pravIdes,ttis praaeed�shall
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<br /> : `'..,�,��,�%,:,:`, be applied w d�e s�ms secured i?�:d�is Secorit�r tn�nmgnt whetAer or not the sums are theo due.. _
<br /> -' • ��'�'� �_, ..: t�� ' If the Pcapecty�ns:a[t�ndoned 6y Bortower,os if.aRer notice by L,eXtder to Barrower that the tanac�cmnor affens to matce aa
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<br />. . `� �,�,�. . award or 5ettte a cFaiinn:f�r daaiages. Botmwa.fails to iespond to I.eiti�r arit6in 30 days after.the date tite notice is given,
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<br /> : .. .�..;.:�:;�•� Leadez is awlw�.tri oolIeet aad apply the prooe�ds.ai its option,eitkei'4a mstorados or tepa'n of the Pcoperty os w the sums —
<br /> < • ....� , sesvred by thfs Se�vidty Insuu�sa.whether or not then due. _
<br /> � � IIn�ess Lender�nd Borrnuer odierwise ag�ee in writing, any agpliration of ps�nceeds to princigal shall aot eatend ur.
<br /> �...�{ '-,�..�: postpone the due date of the monthly paymeiuis refe,med w in paragraphs 1 and 2 or change the amount of such payaiemts. . --
<br /> --- - 11.Bon+nw¢r Not B�leasc�Forbem�srrce 1BY,1.eader Not a WaiQer.Extension of the'time for gayment ar modifcration
<br /> -�--- , `���. - °;`'} of amarti7ation of tt�e sums secured by this'��q.TnstrUment granted by Lender tu any s�ssor in iaterest of Bormwer shall
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<br />- � �``^;;;t:;;;':iwt a�serase tO reteaSe the liaW'�iEy,af the or��-Hiittpwer:oz Borrnwer's suooeasors in intaest:Lender sBall nat be required .
<br /> .. �;r:.��Pl'oceedings against,an',��ccessor in:i�its�rst:qcq��se w eatend ttme for pay�nt or otheiwise modify�tnorti�at�on
<br /> . . .�,, 'of the sum4�secus�3.,h���s..�i'.y Instcumi�ni`,by`�S?�:'±a�any......dcmaad�m6a,de 6y the origtnal Bmrower or �urrawer's .:: —_
<br /> shaU nat be a�vaives�of�or p�lude.the e�;
<br /> � « . forbeafaace ia�-. , �. �nY'M�����Y '
<br /> suc�Gors In ir�.:�.#t..ry. �Y,;L��=; �'�,.'��an
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<br /> ,7 � eaercise of any rigD�qrr�edy. � • . , T .:
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<br /> ..�, � ' Seca�s�r Instrument shatl bind..�r,�enefit trie`�i7���a��s of Lender and Borrower, subject to ttie provL�ions of
<br />- _�� � ��;- � �,; Paragraph l7. Borrower's mv� and agreements sha�I�be joint.and several. Aay $orrower who co-signs�is Secutity
<br /> �' ' �''.`.�'��� Insuameat but does not execute the Note: (a)is co-signing dvs Secaiity Inswme�t un(y to mortgage,Braat and canvey tbat
<br /> �'•� . . Borrower's interest in the Pra�serty.under thr.tenms of this Sec�rity Instrument;(b)is aat peisonally obligated to gay,the aums
<br /> �:' .,. ';-. ,: � . setured by tAls Security L�suuc�;and(c)�that I�ades arxl any other Borrower may a�ree ta extend.modifX..fotb�r or -
<br /> •'�� � make any accommodations witit;t+��td to the teams of this:��curity Instniment or the Note witt�out thai Barrower'�;�sent.
<br /> �F�'�� �'�,� l�.Loa�Ciu�es.tf the��,r�secured by.�,�bfs Se�iiu±r.Instrnment is subject�,a L'aw whicb sets maaimnm��ipn char8es.
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<br /> , and tbat law is fima�,,� int so tbat tlit;i�t,ue:Gt�i;s loan charges coll���:ao be collested in connect�on with the
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<br /> .#: ` ' . ��:�;��' ,. ioan exoeed the��limiu,then: (a)"�p. ii�ivc�'e�rge shall be�.�t+Y t[ie amawit net�sba�Y to reduce the chairgG,,;:;��
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<br /> � � ':iy� .,�' tm . tted tia�i:�and(b)any sums a1��crl�,�m Bormwa`r�cv?uch exceeded.peimitted:��'�nu�',ts will 6e nefanded cd� �:
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<br /> �. . ,. . ;., . • ° the rinci owed under the No4�;os�hy t��i;,g a di�eM
<br /> ,Bciritt�ii�r: Lender may choos�;:ta������'��!�'�g P P�
<br /> '�:` ' _.. •��G�is.to Horrower. If a re5'i�d redaces principal,;ff�,Feduction will be treated as a P�rtia1 FrepaYmec'.�%� �►y :
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<br /> � :'... :�. � p�rssent charge under the Note. :�; .'
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<br /> ,. ^;'y��4i� :,' - � '�:��•�Piotto� Any notice W.Bormwcr piayicled for�n t6is Secarity Instniment sdall be'given by delivering it or by mailiqg _
<br /> ' t��%. ��t , f�rst class mail uNess appl{�jab�e!aw req�i�es nse of another meWod.The nodce sbaU be diren��.�},''ta the Pmperty Add�ess
<br /> . `��'� firSt�dass wail to
<br /> �^�.:.':'� _ .� ;��� . .�rp` ,+�ther add�,s BorroWe}���Idsignates by'natice M�der. Airy notice to Lender shall be�:��by . -
<br /> � -� �'1 L�t�r;3 addr�ss stated tierein'G��ty�h�*��s���?'��tes by notice to Sos�rower.Any.noxice Pra1'I�l�Cflr�ia this _
<br /> .� S�umy Ins�ument shal�be de�med to have been givea�ta��ower or Lender when given as pmv�d.ju tEis Q�Fa. �
<br /> . � `�' i;
<br /> ::; �: iS�Gove�aing Law; S�vei'rabflity. This Secusity Insaumenc shall be goveraed by foderal�7,�w aad the law oftke :�,,
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<br /> � � ' � ', '` �' jurisdiction in which the Property is located.ln the event�hat arry provision or clause of this S�u��?�����Nnt�e';� ' —
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<br /> $. ,, :;,o,:: , #z wufli�ts with applicable law,sttch conflict sh3ll not ut�eq o'�tet provisions of this Security InsUurtient ar the Note w6ich can ba�`
<br />� : . . ,:.� given effect withwi the conilictin�proviston.To th��s�siie provisions of this Se�uriry Instnuneat end W.Not�,are deetared :
<br /> .to 6e severabie. ..� . � '
<br /> � ° '` 16.Sorrotvcr'e Coyay:Borrower shal�•be given one wnformed ou,py of tAe Note and of this S�uity I�a!n�m�i.
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