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<br /> RE R�Cdl�OEQ 98� ��p'Gi� A�n�n ._
<br /> •.�vww
<br /> ���t tho optibn ot I.endor, it mort���o insur�nce caverage in tha arnount errd for the peri�t�at Lander requira+)
<br /> F,.,,vt.�,.�h�����a»��r Annrnved by I.endnr ae�in becomes eveilsble end ifl ahtained.Aarrower shnll pey the prrmiume
<br /> . required to mainuin mort�R�o inaur�nce in etteot,or ta provide� lac� r�rve, until the roquiremon�ior murir.xo
<br /> � insuranco ends tn�ccord�nco with�ny written a�cxment hetweon Horrow�r end l.ender ar epplicebin law.
<br /> 9.IAYpCf.1tOA. Leadat or its s�ent m�y mAke re�sanable entries upon end ina�ectiona oi thn rraperty.I.ender�shsll
<br /> giva Sorro�►ver notice it tha time of or prior to en inapection epecifying rea�na►ble ceuse for the inr�ctian.
<br /> 10.Condema�tion.The procxda of any ew�rd or olAim forda►me�es,direct ar consequenti�l,in connection with
<br /> eny c¢�ndemnntion or other takinr of eny part of the Pr�perty,or tor convayance in (itlu of candemnrtinn, are hereby �
<br /> easi�ned�nd eh�ll be(uid to Lender.
<br /> In tha ovent of n totul takin�ot the Propetty,the procads shell bn applied ta the aume sa:ured by thia Security
<br /> Instcument,wliothe+r or not then due,with any excess paid to Borrawer.In the event of s partiel taking oi the Property in
<br /> which thn fair merket value af the Property immediately b�fore the taking is equal to or greater than the am�unt ot the
<br /> auma secured by thie Seaurity Inatrument immadiately before the taking� unless Borrower and I..�snder othenvlse ngree
<br /> in writing,the aums secured by thie Seeurity Instrument ahall be reduced by tha nmount of the procoeda multiplied by
<br />� the[ollowing irsction:(a)the tatal nmount oi the sums secured imrnedlntely before the taking,divided by (b�the fair
<br /> market valua of the Property immediatety before tha taktng.Any balence ehaU be paid to Honrawer.In the event of n
<br /> puti�t ttking o8 the Yraperty in which t1�a�e�is et�arket velua oP ihe Property immediately beCox�e the taking ia less thiu►
<br /> tin�arrAOUnt ot t�e svms secu�rod immediateiy�efare th�tnking, unless Borrower and I.endar vr.�eewise agreo i.n writing
<br /> or u�neP.e� applicib�e law otk►orwise ptovides, t!►,e gtoce�3s shall �epplied to the sums secured by thie Sacurety
<br /> Insu+�.tinse�tt whether or not the sums ar�then due.
<br /> If the Property is nbandoned by �orrower,or if,atter noticeby l.e�rder to Borrower that the condemnor offers to
<br /> makc an a�vara3 me sattle a claita� foe�clanr�a�;�q Rorrower fails ta respor�d ta Lender within 30 days after tha date the
<br /> notice is given,�.�e�der is authorized to cat!!ec•�and apply the procad�,at nts option,either to restoration or repair of the
<br /> Property or to tbe a�me secured by this SPCtar;ty Iastrument,whether or not than duo.
<br /> ' Ualess Lon,c���ead Borrower otherarasa s�gree in writing,eay npplicatioa of pr�as,eeda to prinoipal shall aot extend or
<br /> gostpone the c�o�e �ate of the monthly :wp�n�►t�a rofernd to :n pareqraphs 1 and 2 or chan�e the amount of such
<br /> paymente.
<br /> 11.Borr�a��r Not Rcleased; �ormre�¢�enrm By Y.endor Not a Waiver.Extension of the time for payment or
<br /> modificatlon at'amortization oi the suma sLCUrpd by thia Security Instcument gcsnted bq Lender to any auccessc�r ia ,
<br /> interest of Borrowei shall aot aperate to relwso the•liAbility ot the orlginel Bortowar or Bonower's successors ia .
<br /> interest.Leader iahall aot b� tequired to com.m�nco proceediaga ngaiaat ay euccessor ia interest or refuse ta extend
<br /> time for paym�tat ar atherwise modi[y araQrtizatloa oi the snme sxured by t6is Security Instrumcnt by reason ot any
<br /> demaad made b�'the orlgiaal Borrower��Borrower's successore in iatenst. Any forbearanca by Lender ia exercisias
<br /> aa��ight ar re�xu;^hs!!aoi Lr a waivrr���,�s gr�±c�l!u1e th��xer��ae�f eny righc or romedv. �
<br /> � 12.Successora and As�iLns Hounal; Joiat aad Sever�l Lia6llity;Co-s�t�ere.°fhe covenenta aad ag[eements '
<br /> of thie Seaurity Instrument sfiall bind a,nd benefit the successors aad assigas�aQ�Lender and Borrower,sai;�jeot to the
<br /> pro�*isioas of r�graph 17',Lotsowor a Gavensnte and agreemeats shall be joint a¢��sm eraL Any Bc�rtowdr�vfia cn'�ign�
<br /> . �a x�uritY��rt�mcnt buY d��not�ttecute the Note: (e)is rn-4ignIng thla S�w'itY Inatrument on[y t�•�orteage, • '
<br /> ��,n pnd co�vEp thit Botroa�r's intrrest in the Property undec zhe t�fess nf�tbis Securi¢s Instrument� (b) is not �
<br /> '. �xsonnlly obligatod to pRy tha sums accurad by tt►ie Sccurity Instxumant;a��l d�� agrxa that I.ender aud��y other
<br /> �traaa may aYre�e to extend,m�y,forbur or make any�ccommac3atiar�q N3�h re�aard to tho terms a�!Qfiis Socurity
<br /> Instrumentor tt►e Note without that Borrower e coaaent. �
<br /> 13.Lan Cb�xt��.��e lwn secured by tlus Socucitp Instrument is subjoct to a law which sets m�ipsum l�aa ,:• ,'
<br /> chu�es,and ttut laM is finally interprexed so that the iatanst or ather foan ahargee collxted or ta be cc�llected in
<br /> conaaction witl�the toan nsceed tho permittod limits,thea:(a)�ay suoh lunn oharge shall be rod�xxd by ;the amouat :
<br /> ziecxesary to red�ce the chu� to the permltted limit; aad (b) any swns Airr�dy collectod fram Bortower phich
<br /> erceeded permitted limite will be refunded to Borrower. Lender m�y chooa� t� meJce thiB n�und by rcduein; the
<br /> • priacip�l oxed nndet tho Nou or by maktag�direct paymeat to lionowet.It a ref�a�d reducee princip�l,the reduction
<br /> w;�l be trwted a�a p�rtia(pcepayment without tuy prepayment eherga under the Nate.
<br /> 14,Notice:. aainy aotice to Borrower pmvided for in this Socurity Amstslunent el�all be given by delivarin�it or by
<br /> � me�lin�tt by tiret cl�ss mul unle�o applicable IaM requires uee of snother mettiod.'T6e aotico shall be dlrected to tha
<br /> property Address or my otha adds'eae BorroNer desiQnstcs by not(ce to I.,e�der. �nq notice w Lender sha�4] be�iven by
<br /> first cl�as m�il to Lcnder's addreas stated hereia or aay other add�cess Leader dcsignates by notice to&�,rrower.Any
<br /> notice providec]tor in thie Secwity Instcucneat shill be deamed ta hasvo been given to Borc�wcr ot I,ender wh�n given
<br /> �s provided in'tTis P�'=EnPh.
<br /> 15.Gavernin:Law;Severabiltty.�'hia Socurity Iastrurnen�c;hall be governed by feder�I laN and the law ut tih�
<br /> jucisdiction in�tuch the Propecty is locatod.In tho avent th�t any provi�ion or clauso oi tlue Security Insttv�noat or tAe
<br /> Note wnflicta�vith�pplic�ble la�,such wnfltat ehall not dfxt oth�r ptovisions of th9s Secvrity lnstrum�in�•or the Note
<br /> - which car►be givea effeatNithout the cw,r►lioting provisioa.To tius ead t�e provisiona of this Security L�n�srcrumeat uiel
<br /> the Note are decl�red to be severable. .
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