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<br /> r"" ." paymeats may rto tongcr bc r�quimd.at thc opdon af Lender,if�aartgage insurance sdcerage(in the amou�tmd for the period
<br /> '`° � � �', that Le�er requires)Provldod by an insurer appmved by Lender again Qecomes avaitabte and is obtained.Borrower sSiall pay
<br /> "•' •�• the pccmiums required to maintain mortgage insuranoe in effect.or to provide a[oss reserve,umil the requirement�far mongage -
<br />- ; ��" r, •` insumnoe ertds in acoordanp�with any written agreemene 6etwe�n Bvrrower and 18nder ar applicable taw.
<br /> :.. °�,`';. � , ' . _ 9.it�ttoa.Lender or its agent may ma4ce r�uonabte entdes upon and inspec�ionc of the Progerty. I.ender shall�ive
<br />- .: '�,f�;,- . Botmwet noti�nt the rime of or pt�or to An ir�peaion specifying reasonable cause fos the inspection. _
<br /> 10.Caadeanoation. The prooeeds of any atw.ui!or ctaim for damages. direct or oonsequentiel. in connectivn with any '
<br />- . oondemnatian ar otheet2kis�g of any part of the Property,ar for conveyance in lieu of condemriatian.aze t�teby assigned apd =.
<br />__ --- --'-- shatl be patd tQ 1.,�der. .
<br /> . �.�`� ,_ - !n the event of u total taking of the Property.the proceads sha116e applied to the swas sesare�by this Security Irutmment.
<br /> ' ' whether or aot then due.with any eaccss paid to Hotruwer.ta the event of a paKiat taking af the Prnperty in which.the fair
<br /> . • maril•et value of the Property immediateIy befoce the ta�ng is equal to or grester th�the amount of the sums se��by this _
<br /> Security Itutnimeat immediateiy 6efot�e dte taldna,untsss Bomawer and I.e.nder otherwise agree in writmg,t�e sams secused by
<br /> - �' ' �`' this Securiry Instrument shall be reducod by the ataount of the proceeds mis[tiplied by the following&actiou: (a)d�e total =
<br />= '';:_ �`;:`'_;;�_ amou�of the sums sectued immediatety before tAe taking,divided by @)the fair ntar&et value of die Property.ammediatct
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<br />=? _,`<� -,%, �'�:r: 6efaie We takinE.A�r balaac�shalt be paid to Borrower. Ia t6e eveai of a paniat iaking of the P�aperty in wfuch the fair _
<br /> ` . � :>��; martceet vatae uf the Progerty immediately before the.taldng is less than the ammmt qf the s�mas secured immedi�tely before the _
<br /> � ' `_;:_• taJwtg,unless Sorrower and Leader otherwise agree in writing or nniess appficabie law otheswise pmvides.the prooeeds shall =
<br />__ ' _�� ,� 6e app9i�to the sums s�u�ed dy tbis Sec�uiry Insuumem whether os not dte sums are then dae. _
<br /> , If the Prope�ty is ebandoaed by Borrower.or if.aRer notice by Lender to Bomower that the condermtor offe�s to make an
<br /> ` �..�: awazd or sdtIe a clsim fos damages.Borrowes fails t� r�ond to I.e�fer within 34 days aRer the date the notice is givea, '.
<br />- �. "�fi= IBndex is authorized W collect and apply the pmoeeds,at its opHon.eit�er to reswration or repair of the Property or to the sums �
<br /> ' ';-� °'?�� secumd by tt�s Seauity Insaument.whether or not then dae. -
<br /> ' � ��r Untess Lereder aad$orrower odierwise in writir� l�satioA of to shall aot extend or
<br /> '- � S• �3+ �AP P�S Pn�P� -
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<br /> � .. postQone the due date of the montkly payments teferred to in paragraphs 1 and 2 or change ttte�ouat of such payments. _
<br /> �'• `�� f -: 11.Bormwer Not Rcdeased;Forbeaisnce By Leader Not a Waiver.Extension of the time for payment or mndification -
<br /> "_` ��.. •,�. '�. �` of amorti�alion of the svms secared by this Security Ins�ment g�antsd by Lender w azry' successor in inte�est of Bomowu shall
<br /> ,� ; . no!aperate to release the liabUity of the origiaal Borm�✓er or Batrower's s¢oeessors in inte�est.Le�cter sltat�imi be re�ait�ed to .
<br /> �V`� ���V..` `j oommence�proceedings against ariy saccessor in iqte�est or refuse to extead ame for paymern ar othe�wise modify amordration -
<br /> •�- '���'•. � .,; � of the sums se�vr�d 6y t8is Secnrity Instrumeat by reason of any demaad made by the originai Snrrower or�or�owe�s ' -
<br />. suroessors in imerest.Any forbear�ce by I.end�a in exercising any dglit or r�uedy shall not be a waiver of or pr+eclude the
<br /> �-t ..exerc�se of a�ry rigf�t or��dy. . ' -
<br />-:_. ,:,' ' ;,,:' �; . � 1Z.SuaoeSSOis ak3 Assigns Bmmd; doiat aad 5everal Liab�ty: f.�rdgnee�s. The covenants and agccements of this
<br /> � � ��:• '�� �Secnritg insisument shall bind and �t t6e saccessors and assiga�s of Lender and Bomower. subject to the provLsioas of
<br /> . `...'�'i�::� ...:� 3 . . __.
<br /> y!�`%�'::' pazagtaph �'8r.Bonvwer's cavenants a� a�re�mans shall be joint and severaal. My Bombwer aho oasigns this Sea�idy
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<br /> , • ° ��s Instn�meni hat�does not execute the Note: (a)is co-signing this Securiry tnmumeht oniy W mortgage.gca�aud oomey ihat
<br /> . _'� Borrow�r's intenest in th�.Property w�der the terms of this Seauiry Instrumert;(b)is not peisooal�y a6ligated to pay the svms .
<br /> •� • •� ` = � secured 6y this 5ecairiry Instrament;and(c)agree.s thai Lender and any other Bormwer may agree to extend,modify.forbear or
<br />- - ` ; ���: make any acaommndations arith regard W the temns of this Securiry lnstrument or the Note withom tt�at Borrowe�s oonsent. �
<br /> • � ' '•'?t 13.Lnan Ct�siges.If the taan secvred by shis Secprity Iasuument is st�bjea to a law wluch seta maximum loan�es.
<br /> _ ' .: : � •j artd that law is finalty inte�preted sa that the imerest os other toan charges eolleded ar to be aollected in connection anth the .
<br /> . ;�;� loan exc�ed the pem�itted timits,then:(a)aay su�loan charge shall be redua:�d by the amauat necessary to redace the charoe
<br /> . , �.'•; w the permitted limit;and(b)airy sams already coltected from Borrower which exoeeded permitted llmits arill be refuadea;,o
<br /> _ �� : . �8orrower. Lender may choose to make this refiu�d by reducing the principal owed undes the�iot� Os i�y.maldng s direct �
<br /> :���';.- ' � ' Payment W IIorrower. If a refiiad ca�cee� prindpal, the red¢ctian wlll be trrated as a F� P�PaYnaent without�y .
<br /> ' .:a:•,� "t . .
<br /> t.` �.�: � prepaymeni.c�rge�mder the Note. •
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<br /> � ' -�'� 14.Noitces.Aay avtco,�to Borrower provided for in this Security Inscn�x s�ali 6e given by dg9iverir�it oi by mail�ng .
<br /> - `' � • •� it by first ctass mail ao±�;�;:�pplica6le taw requires use of another method.Ttie r.utice shall 6e directed to the Property Addr�ss
<br />� �.� �'�• '� or airy other nddress �:oQ+er designates by noti,ce to I.ender. A�r aotice to Lender shall 6e given by fitst ctass m�,i�.w
<br /> �' .�: . . ��V; Lender's address stated herein or any other address Lender design�es by notice to Borrower.My notice providad for i�t;titFs
<br /> k ,' • .`� i Ses�rity Ir.s�tanem shall be deemed to have been given to Borrower or Lendes when given as provided in this paragrapb. •� -
<br /> • , � 15.Gaveratng L�w; SeverabWty. This Socuriry Instn�ment s1�a11 6� guverned by federal law and the law of the -
<br /> . _ .� , jurisdidion in which the 6�operty is located. In the eveai thaz any prvvision c�clavse of t�is Secarity Instr�ent or the Note � _
<br /> � � +ennflIcts w7th appficabie law.such conflict shail not affect other pr�visloas af this Security Instnunent or the Note whlch can be -
<br /> ;�._ ;�;1;� . � given effect without the wnflicting provision.To this ead the procziions of this Security Instrumem and the Note are declar�ed
<br /> �.,';` y to 6e severrb7e. , • � -
<br /> : ' �� 16.Bon�o�e�s Ca�.Borrower shall be given one oamfor�ed copy of tt�e NaiQ and of this Security Iasttument.
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