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<br /> _ E,.������ payme�s may uo longer be cequited,at the option o�Leader.if mQrtgaSe ims�uanoe covcrage(in tIle amount and for the periad .
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<br /> .,: . � `�' that Iender requires)pmvided by an iasuner appmved by Lender again beoomes availab2e and is obtained.Borcower shall pay
<br /> '. , iasu e :
<br /> . `" ��,.�.; the premiums�to maintaiu mortgage insurance in effect,or w pmvlde a loss reserve.umil the requirement for mortgage �<�'.:
<br /> �`=�. � ms�camce enrls in aac��oordffice whh aay writtea agreement between Bomower and Ixnder or applicable law. -.
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<br /> - 9.L�spedton.Lender oi iu agent may make rea�onabte enuies apon aad inspectlons of the P�roperty.I.ender shall give , .� ;_.
<br /> �..;-' ` Botmwer aotice at tIle time of or prior to an insge�dnn specify�ng teasonable cause for the inspecuon. .�``">�.
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<br />_ 10.Cond�aa The pmceeds of any awazd or ciaim for daa�ages,dire.ct or coassquendal, in connecxioa with any `:;=4};:
<br /> `. ,'::.. ;',�` condemnatian or other takiag of any part of the Property.or for oonveyanoe ia tieu of cQademaazion,are hereby assi�od and .. �
<br /> shall be pa�d to Lender. � , ''� f,
<br /> In the eveat of a total takin8 of the Froperty,tt�}►raeeeds shall be applied to r3�:"s��fiY��e�urlty Jastcwment, :;t�z;�`
<br /> . pe�.���f°at��'topeicy�Ct which the fair .
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<br /> ` a�"ieri�er or not then due.a+itb any excess paid to BoF►nwer.u►t he event o f a i�t � rr��
<br /> F��,,' �atiset value ef the Pmperty immediatelY 3�efaYe the taking is eq�m or gtea�ee�,'i�a��t�,f the sums secured by this i:; -
<br /> � .' �fi`� � SeC�r[ty F�meut imm iataty befole tII�'t�g.imiess Botmwer aac!LeIldsc o��'�:w 3 i t i ng.t h e s u l q s s e c u t e d b Y `: -
<br /> .,.r. �`.�t,,�`: .t�is Secwiry inst�umeat shaU be ieduced k�,�amount of the p�ceods n�irip�ed bY tr��C�Ilawing fiaction: (a)the total y,,,�u..
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<br /> {. . „'+, � ;'�i'4uat of the s�s secured immediately b�va����dng,divided by N)the��arket va��of the Prop�ty�nmect'eately ,�. _.
<br /> r ,:,- . ..,<&�re the taking. tlny balaace shall�re�au��� ...�� W the eveat of a p�t t�ng of ghe�icoperty in whicb the fair � t _� _
<br /> �s tess c1�the am.o�vf the su�s�.vred im�ateiy bofore t�e • V
<br /> ��iarket valne of the Property immediatei�16e4f��l�� _-
<br /> - - . . _ taking,imiess Eomawer and.l.ender etti���a�g aa aa�Ft�applIcable law oth�ise provides,the proc�Ln sltall, ,� �-
<br /> �� wbet�C�;not t�e sums are then dir�.� �' . . , ' - F
<br /> �:: be applied to the sams secured bY Uus Secr,iiry�: ` � � ' c f�".F -.
<br /> r;��,� If the Property is abaadoned by Borrower,or i�;aJ'a�,c`noaee 4iy•3.ender to Boimwer thaz ttue condemunr,qffeta to tna�,�n: s�: �::
<br /> • a�vard or settle a claiu►far dauiages. Borrower fa:T�:!�:�Pand to�Lender within 30 days aft�r the date:i'F�i"►.ottce is given. �"
<br /> �' 'Lender Is authorized w collea aad appIy the pmcee�5��fts optian.either ta restoracton or regair�of the Prbpe.�rty or to the sums 6' '
<br />- , ' . � `'��: secured by thia Securiry instrutn�.wttether os aot t�t due. .. . . ,.:. , . . _.
<br /> F� �;. Unless Lendec and Boirawer other�vise agc�in writing. af�t'!aPPlicatiun o.f praceeds tp Prjncipal shall aot extead or
<br /> - :�*.-ostpone the dae date of ffie monthlY Payments refi�r�i;�i in p��ts 1 aud 2 oz change t6e amouat of sacE�paymenta.
<br /> ,. ' ,� i � i!.�orrower Not lteleas�;Forbearaac�,gg�'3�r Nat a.tl6raiver.E{�itct�sion of the wne far pay�rt or modification
<br /> :";; ' ..' _-::`t_' �,�+�rri +�of the sums secuied by[bis Secmic��.�iment 9�n.�d bY l.ender�aay successor in intemst pf Bunower sball.
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<br /> � ;.• ,> -,� •�sir�f o�er��.r�tease the tiab�ity of ti�orfginat$er�saer or Bomaw�r's succesaor's tn interest.Leader shaU not bc�to
<br /> .,.,. . . . �.;'c��ence�ngs.a�aay su�ssor in€ntc�est or ref�se to extend time far payment or ot�era►ise qiodify amost�adoa .. ---
<br /> . - . ��•;;''.��the sums secured b�,ii�as�seciuity tnsmuneut Dy�t+eason of a�r demand ma�de by the original Eomower or Eomnorei's ,-
<br /> ' .. successors ia i�erest.Asi9 gatheaiauee by Lender iu.exerc�sing az►Y t�F,ht or ieiaedy shall not 6e a waive�+af ar pzeclude the ---
<br /> �. �:;'�� , exeicise of any rigfat or�y. . —
<br /> � '� 12.Suoeessars and Asslg�s Boimdi Joint aad Several Liab4lity. Co-stgneea. The covenants and agreemeuts of this --
<br /> .. .,".�'.;'o, Seauity Insmimeat shal�bind and benett the saccessors arW assigns of Leader and Borrower,subjecc to.tl�e pmvlsions of .
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<br /> , , >..i; paragraph i?. Bomower's oovenants and agreements sLa11 be joint and several. Aay Bormwer who oo*s�gas.tLia Securfry E'-`--
<br /> ` ,Insuwnent but daes not exetute the Note:(8)�S CO'S1�$thiS SCCUrity i^atn'm�t OAIy t0 m0Eg8g6,Aaat and canvey that �._--
<br /> . . .. '"'';�' � 8orcower's intecest in the Pcoperty unde;•the tetms of this Seeuriry Luswmenr,N)is not personaliy oblig�.�d to paY the sums =---
<br /> ~ . . ':...,�;;�.` se�uied py tbla Securiry Insm�ment:aad<e)agree.v that Lender and aqy otAer Borrower may agree w extend.�¢odifY,forbear or =-_=
<br /> �:. :. : . ';;:,.;::r tpatce any atxOmmodallons wtth regard ta the terms of thIs Security iasRntme�or the Note aithout that Bomower's conse�:� .:ti__,"
<br /> �`�'"'�� n3.Lbs�Cda�es.If the loan secnced by this Sesuiiry Insuument is subject to a taw wh�ch sets maximom loaa c�. -:
<br /> " ° ;:�rer: �'=--
<br /> :.�:. �atW that law is finally interpreted so that the interest or ot6er loan cAarges coltected or to be aollected in cow4�an wlth the �__.
<br /> -.--. ..,,"�. � �loaa exceed the permitted limits,t�en: (a)auY such loan cbarge ahall be re�uuced by the amount uoces.sa�+w redace the cbarge --
<br /> ..::,.��:zl; , co the permitted limit;and(�)any sums already coueaed from Borrower whtcb exce�ded permitted timits wlll 6e refund�to � • Q_:�
<br /> ' � ,,, Borrower. Lender may choose to make this ref�ud by reducing the principal owed�mder the Note or by making a direct , °:_'
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<br /> . � ' �ir� f.�, paymem to Borrower. (f a cefiuid reduces priacipal, the redu�n wUl be ueated as a pardal prepayaaent without any . ��-�..
<br /> . ., '`•�'�.�� prepaymeat cDarge under the Note. , ��;:
<br /> � .. :.;�r i�. 14.Nottces.Auy nodce to Borroaer provided�or in Nis Secutlty lnsttument sha11 be givan by delivettng it or by mailin$ � �=�°;-
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<br /> . �, �i it b y fust class mail ualess appiicabie 2aw requires nsx�of anot�er,method.The not�ce sha11 be directed to stra�to�erty Addre�ss ,�:;_
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<br /> �, i t?;: t�.. or arry other address Botrower desigt�e�tes b y no t i c e to l.e n d e�r.�A ay no t t c e t o L e n d e r s h a l l b e g i v e n b y fi r s t c l a s s a�i l t o
<br /> " _t.,v �}U:r; �-'
<br /> ," ,,�'t;,n•�. Lender's address stated herein or aay other address 1.ender desigmates by noflce to Borrawer.Any noSce pmvlded for in this -
<br /> � :� F Secusity Iastrument shall be deemed to have beea given to Borrower or l�ender v�hen given as provtded in this paragrapb• �-
<br /> . ''.�,,,'�: � 15.Goveming Ifen; $everabllity. 7'his Sec�riry Iasuument shall be govetned by fadecal law aud the taw of the �._�;=
<br /> . ,��.s�:::�,%: � jniisdicdon in wh�the Prnperty is tocated. La the event that aay pm�vlsion or ctause of Wis Securlty lnstumeut or the Note _
<br /> .:,,,,.,.;., _
<br /> �''`'�'`•`"' oonflias vdtb applicable law,sucL comflict sball nflt affect other provlsions of ttds Seauiry Iastnament or the Note whict�can�be
<br /> : ' ;'+?;�ti':�;�' given effeq vritlrout the oonIIic[ing provis4oa.To thts end the provLions of thLs Securiry lnswmettt and the Note aie declared ..':.
<br /> _ ,..._f� w 6e severable. `=
<br />- � • 16.Hormwer'e Copy.Borrower shall be given oae conformea capy oY the Note aad of this Seauity Iasttument.
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