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<br /> PaYments may no longer be requin�.az the option of Lender.if mortgage insurance coverage(in the or 9he perrfod - ,�
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<br /> '. �:� that l.euder requirES)Pmvided by an iasunr approv�d by l�ender again heoomes available and is obtained. Bomower shali pay ' .� . _ • . :
<br /> , � ; ti the ptemtums required to maiataiu utortga8e iasutaase in eff�t.or to provide a toss reserve.until the requirement for moagage �.. •` `.�: .: ;::.::..
<br /> insuranoe eads ia a�oordanae witb aay wrtuen agreemeat hetween Borrower and ixnder ar applIcable taw. F�"'.' _. .��. ��`_ �
<br /> `� `. � 9.iaspec8an.Leader or its agxct may make reasonab2e eauies upon aa�inspections of the Praperty.Lander shail give }- ` . .
<br /> : � : Bonower not�ce at the time of or prior to as iaspection sPecifyi�8 reasonabte cause far the inspection. € �. � �`. : ".
<br /> ,'. � �' 10.Coad�t�on.The pmoeeds of aay�a+ard or claim fas dainages. ditect or�ns�{uential. in conneaion with aay � .�. ,
<br /> � . � . ' condemnation ar other caking of any pan af the Fraperty.or for oonveyaace in lieu of wndemnation.ate hereby assi�ed and � ' •
<br /> ` : shall be paid to i.ender. j: � .
<br /> � . In the eveat of a total taking of th�Property,the pmaeeds shall he agplied to the sums secsued by Wis SecurIty Insuument. ; ,
<br /> ..,�-�•_ ; whether or not tnen du�.with ury exoess paid to Borrower. in the event of a pardal taking of the P r n p e rt y ia which the fair ! �; .
<br /> _- -- . --.,-'L� market value of the P�ogen�r imm :atkt�r 6efiie the tak�g is equai co or greazer than ihe amowu of che sams sewred by this � °-.: `� . _
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<br /> $eauity Instrumen[im iarpty bef6ie tfie taking,�tess Borrowet and Lender othe:wise agree ia writing.the smnc secured by f
<br /> tIris 5ec�riry in.Mm+���Irs11 be t�by the a�a�t of the prooe�s muttiglied by the following fracdan:(a)the total R. :.: .::: .: .. ..
<br /> • �i . ,a�unt of the sums s�cu�d�,�'.k�6nre tl�e taIsing,divid�d bY(b)the fair madcet value of the Pmperry ImmsdiatelY - ,.
<br /> i �;1�i�'�eM��aP �i"b��C�;�yu,�,�.�,,u,���•�.�� . In the even�t of a pattial taising of the Pmper[v�:�ir� tue fair � c�F.` .
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<br /> • � . �t.�` ,:;:�����.!�s 1�''�sr����infit���,�rn�aar msIess appli�ahl��aw otheswv��ou�s3es.,t�t��'moaa�s s�>. �},. '� %�`` �
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<br /> � ,•,��.; � If the ss abandc��1�Brr�iouu��r s�,s��:�3`��us IIoccawer t6at tfce coademuor mfl�ssra maYs au: : ��,� f, ",�r��,:=_
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<br /> �;� ;• �;�,;�. . ;.,.:�rard or sett�e a claua far�^�,�ti+aawer faila ta sespond w I�ndet witPiin 30 days after the date the uorioe is givea. .- ,
<br /> ` � Leader is authoriud to coUe�aad appTp t�e prnt;eed,s,at its option.either to restorauon or repair of the Property or to the sums ��;-
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<br /> , secuied by tls�s Secarity Inspumeni.wh�her oc not t�en dae. .` , •—
<br /> ` ' `; Uniess Leader and Barmwer othenNise agsee in wrianS,anY aAPlirat�on of pmaeeda w principal shal! aoi eatead or , ° �:
<br /> ' postpone fhe due date of the monthSY Payments ieferred ta in paragraphs 1 and 2 or change the amouat of such payments. . ;?��
<br /> . . � -- ii.Boee�uwer Na3 R�d;Forbeat�nce By Lead�Not s Weiver.Extension of the time for paymeat or moditication ,_ ; �•:�_
<br /> . � �- of amortizazion of the sums secured by cDis Securiry lasuuaient @rante4 by L.cader to any successor tu interest of Borrower shall --���-
<br /> � .���.' not operate to release the liability of the origfnal Soirower or 8ormwer's successors in interest:Lender ahall not be nequired to ••:��_`
<br /> . _ , ... � �.J� corNnense proceedings against aay successor in interest or refisae to extend dme for payment or othetwise aaodify emonizatloa '. �°�
<br /> of the sums saured by this Sewrlry Iasuwnent by reason of any.deman0 made by �he orlginal Borrower ot Borrower's ''�
<br /> . - sucoessa�a tn iaterest. Aap fo:bearance by lander in e�cercising any right or remedy shall not be a waiver of ot preeiude the .� ��'`_���
<br /> exercise oi an ri t or , ; , �.r=�,t;-.
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<br /> .� ; 12.Suocesso�s aad Assfgns Bound; dotnt aad Sevzral l.ia6tiisyi CO�SS$RClB.�Ri9 QOVEIISffi8 ffi�8$ieCi[!0lti5 Of tbiS ;.;...�°-. �
<br /> ' Serurity tastmment shaU 6ind aad 6enefit �e suace.csors and a9signs af Lendet an4 Bomnwer. subj8ct ta the provisiun4 of ``-' S' �-:---
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<br /> . � � , �'=' paragnph 17. Bornnwer's oovenants•aad ag�ements shail be joint and several, Any Bormwer aho co-sigas thia Sc��urity k. . ;. ..�------�
<br /> ,. Insaument bnt doe.c nm execute the Note: (a)is casigning tbis Security Ingtrument oniy ta mongage.gtant aad coavey that �,;� ': �
<br /> � Borrower's interest in the Properry uader the tenns of this Securi Insdumeat;(b)ia aot nail o b ll e d to a t he sums 4. � '..,:''}��`'
<br /> stY P� Y 8� F Y . . -��:--:
<br /> s secured h3►this Security Insmimsnt:and(e)�a8re�s ffiai Lender and any other Bomawer may agree to extend,awdify,forbear or �:� �:•. � '•,��
<br />- � ' � make any aocommodat�ons witii regard w the terms�f this Security Insuutnent or the Note without that Bomnwer's oonseat. ;�.,:�.;`:, �__�-=�
<br /> _. .._ ., . 13.Lo�n Cf��.If t�e loaa seaued hl►d�s Savrity Instrument is sub�ect to a law whlch sets ruaximum loaa chatges,
<br /> j � _. ...-- -- �d that law is SnalI in r�ed so thzt the�ter�x ar other loan charges coRaxed or co be collecte�in aosn�tion aith the 4 `' "`�.`
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<br /> , :. � , : IQan e�the pelmiaed timiu.t�en:(a)�nY sac&lu�is charge shaU be ieduae+d bij�e affiount�sary ta'�N,.��a the charge r.r �..
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<br /> �. ' '��%2�'':'=. co�he gecmiteed.iimis;and(b)anY samrs aSr�adY oaiterted from BonaAL�r�tde�esc�ge¢arsfaai:tu�irs��:;"r�ref�cd�i ta� �;y �,` _-.
<br /> = t�ciruc�er.,kr��mzY dioose to make this refimd by reQucing the prmcigaD oKc=3 uader�e fi'e�as�y��;a;� . '.� `�� `. --_=
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<br /> . , • � ' �'�p�tt ti���iz�r�.. LE a�refund red�ices priusi��;, rhe r�eductIon will be es�.ed as a partial�p�.�i avitlh.����g . , . —
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<br /> . �'�.�i�..T.�i,�es.,'�3*.�c+xce to Borrower pmvide�P.�m�:�is Seauityr Iast�umeat�shalI be given by delive�,�,n.or hy�Gi�g, , —_
<br /> . � ..`.: ic i���'��;���aPPlicabte law requires use of another methad.The notice shali�e direaed to t�¢� � A�s �
<br /> :"; , �,;�`at�i a��address Bortower desigaates by notioe?�,1�ender. Any notice to Lender ahaU be givea by �ca s mail to � � --
<br /> . .'lfrar�`s adcliess stated herein or aay other address IIr�der desiguates by notice to Borrawer. A�►notice p��ed for ln Wis �._�--=
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<br /> ' {R�iity Instrainent shall be deemed to have beea gn��ia�Borrower or Lender when given as provided ia t&i��b. --
<br /> ' �p�'y�'r, �� . 15.Craverning�Law; Severability. 7'h1s Secw�tii�; I�uument shail be govemed T�y �e�!xal law �►3� �5n tac���flahe � �, -`-
<br /> r,�" ,;� ' ' �uisdictivUnn 3n which the Pro e is locate�.In the event that aay pmvision�r clause of tfi�;���iry�a��re 2Y'�z� : f � . ' `
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<br /> . ��o i�#�� �. ... :"��contlias aith applicable taw.such confli�t sLall not aftiert other provisions of thia Securiry Ins�i,:�nt or tre N��'�:s3�a�m� . , '�
<br /> � �ven effect�vithout th$conflicting provision.To this a�ed the provis�ons of t�'rs��m�^.Ruity Iaswmeat aas�t�I�a:re:a�2�� :.,� ��� �, � .
<br />�i: � ' . � �'.o be severa0le. �• • � :. � .
<br /> ' . L6.8�rro�er's Copy.Borrower sha11 be given o�.°oonfarmed oopy of tfle°�itiye aad of this Security Ias�.a�t. , � ,' .
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