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<br /> - � payments mny no longer ba aquired,at the optioa of Lender�if mortgage i�sureuce coveruge(in the umount nad for the periad �
<br /> �. ' ?� that Lender requires)provided by an insurer upproved by I.ender aga�r►beoomea avuilable nud is obtaiaed. Boaower shull pay -
<br /> --- � ---�� the premiums required w mainWn�nortguge ias�u^.stce ia effect.or to provlda a loss reserve.unti!the r�uimmem for mortgage •�
<br /> ° lnsutance ends in n�xbidaace with any wdtten agrearaer►t between Borrower ead Lender or applicable law.
<br /> �� � 9. Ingpectlo�.Lender or tts agem raoy make c�easonnble entrfes upon aad inspections of the Property. l.ender ehali glve
<br /> � Borrower ao�ice nt the time of or prior to an icsspestiaa specifylug reasonable cause for the inapectloa. �:.
<br /> ����� 10. Condemnation.'Il��pmcada of s�ny award or ctaim for damages. dinxt or consequential.in conaection with nay
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<br /> ., condemnatien or other takin�at nny part of the Pmperty,or for conveyance in lieu of condetnaation.are hereby asslgaed and �
<br /> " . �i shall be paid to Lender. !"
<br /> � -`Y± In the event of a totel taklag of the Properry.the proceeds shall be appliai to the sums secured by thts Security insuument. f°
<br /> . ��"�`� whetaer or aoi then due. with any excess paid to Borrower. In che event of a partial caking of the Property ia which the fair �=
<br /> , mntket value of the Pmperty immediately before the taking is equal to or greatcr than the aaaouat of the sums setured by this =
<br /> ,,•. � 5e�uriry Insuument immediately before the taktng.unless Borrower aad L.eader othecwise agree ia writiag, the sums secvred by
<br /> _ this Secudty Insuument shall be reduccd by the amount of the proceeds mWdplted by the foUow�tg fraction: (a) the total ._
<br /> . �,. amouat of the sums secured immediazely before the taicing.dfvided by(b)the fair mazket valne of the Property imcnedtately
<br /> , � . 6efore the takjng. Any balance shaU be paid to Bornower. Ia the event of a paztial taking of the Property ia which We fair
<br /> mazket value of the Propeny immediately before the takiag is less than the a�couat of the suras secured immediately before the
<br /> � taking,ualess Borrower and Lender othecvvise agree in writing or unless applicable 1aw otherwise pt+ovldes.the proceeds shaU
<br /> . be applied to the sums secuce+id by Wis Sea.vrity Inst�ument whether or aot the sums are�hen due.
<br /> =•o"..'� � If the Property is ahandoned by 13ormwer.or if,after notioe by l.ender to Borrower that the coademaor offers to make an
<br /> . awazd or settle a ciaim for damagea, Borrower faiis to respon�to Lcnder wlthin 30 days after the datB the notice is glven.
<br /> l,,, , .. � . Lender is suthorized to ooAxt and apply the pmoeeds.at its optton.either w restoration or repair of the Property or to the sums
<br /> � ,� secured by this Security Insuument,whether or aot then due.
<br /> • Unless Lender and Bomower otltetwlse agree in writIng. aaY application of pmceeds to principal shell aot extead or �
<br /> ; � , {' � postpo�tLe due dau of the moathly payments referred w in garagraphs 1 aa�12 oa change the amount of s�cli payments.
<br /> 11.I�onruwer Not Rdeased;Faa�bearance By Lender Nm3 a Welver•Extension of the time for payment or mediS�tion
<br /> . of amortia�tei�n of the sums serured by tbis Sxudty Insuument gr�nt�d by LQndr-r w any succes.aor in interest of Borrotver�ail
<br /> �,:_•,:. �'� aot operate�.o nlease th¢Elabiliry of[�origlnal Borrower or Bo�arowcr's successars in interest. 1.eader sh,ali t�ot be tequinxt to
<br /> _a_T`.,.,::� commence proceedings�a4nst aay sucassor in inurist or refuse w extead t�em Yor paynient or ot�ercviss i�c�dify amortization
<br /> - _., . of the sume secured by ttus Security Insuument try t�eason of any demand made by the orig[nal �orrower or Bormwer's
<br /> °``'�''�"';'�" sucoessors la interest. An}r forbearauas by Lender in exercising any right or cemedy shall not be a waiver of or preclude the
<br /> --{ ,_� r.x�Iss Qf eay rIgtti nz�;. _
<br /> ;,R-:�,:,;��-- 12. Succes�o3s�n�!Asstgns Bom�; Jo3ut and Several LlabWty: �o-stguas. The coereae�tts and�g�+eements of this . .
<br /> "�•j�:'���: ' � SacwrIry Iasuument sl►t�l blad and benefit the su�oasso�s aud assigns of I�end�er,and Borrower,suDjoct-ro she prov9sIons of �
<br /> "�"'��y�� ,;=�=;:, . patagraph 17. Borrower's oaveaanss and agreemcnts shall be joint aad severa�. Any Borrowu who c�-st�ns this Secudty
<br /> %R3�!tr�'F..r.;t:
<br /> .,�� Insaument t�ut does nog ea�ecute the Note: (a)is co-signing this Security In�u�eat only to mortgage,gr�nz'and coavey thai •
<br />�i''�'�`""'� Borrow�'s�terest itl Uie Ftoperty under the terms of thls Sxu�lty Tusp�;tb)!s not persoaaUy obli,�a�t in pay tha snms .
<br />---�n��+7;� secund bq tais Securily IInstn�ent;and(c)agrees that Leader amd any�other Bd#'rower may agcee to extead;.►�adifj►,t��,heasr or
<br /> �.��,-�;�� malce any acoommodatiiins with cegard to the urmg of this Security Tnsmimem Qi the Note without tbat Bozx�'iver's aDZ�:
<br /> -Nj:z���u:raw 13.Loan Charges.If the loaa secured by tlils Securlry Insavraent is suDject w a law which sets ma.�cimum loan charges,
<br />-��'�`"�"� and thai law is finally inurpieted so that the iatereat or other loan charges oollected or to 6e collected ia oonnecdon wIth the
<br /> �-"�•.-T��',' loan exoced the permiued limits.thQn:(a)anp such loan charge shall ba ralucod by the a�iciunt nccessarY to reduce the cd�arge
<br />_�'"'''y,-— w tha permitte�limit:and(b)aaY stlms a1r�dY o4llected from Bomower which exceeded pemniuetl limits wW be ref�edsfl to
<br /> _ Eormwer. L,ender may cJ�oose to make this re$ui�by roducing the princip�l owcd uader the Note or by making a d'u+ect
<br /> -�- •, paymcnt to Borrower. l'f a nfimd reduces princ�pal, the reducdon wiU tx.matod as a partial pnpayment wlthout atry
<br /> _ prepayaxnt charge oader the Nou. !��
<br /> --_ � ��a ia.•N�rttses.Any not[ce to Borrowu pmvided for in ttris SECUrlty Insu'uineat shall be gtven by dellvering it or by utailing -
<br /> =-;1::�� it by fu�a�4�ss mail unless applicable laa reyulres�se of another'method:'1`�i��noda shal!be dirccted w the Pcoperty�Addcxss
<br />�=,�,t�1�„t� or azry oi�rt add�s,�oirower designates by notice to Leader. Any aotioe'to.L+ender sLall be givea by firat class maU to
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<br />"__{�;� Leuder's address s7ated herein or any other address Lender designates by aorice to Borrower. Any aodoe provided t'or in this •
<br /> - '.__ -�'� Secudty Inst�ument shall be decmcd to 6ave been gtven to Borrowss or L,endar when given as provided in this pazagraph.
<br /> w�...,_.�'-�t�� 1S.GoverWng I.aw. Severs�bUIty. '1lds Security Insmiment shall be goveraed b�jt federal law and the law of the
<br /> -- -__�''�'``� jurlsdictton ia which the ProPertY�s Ioeated.In the event that any pmvisIon ar clause of�3is:5auriry Instmment or the Nate
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<br /> � "'� .. conflicts wIth apglicable law.such conilict shall aot affect other pmvisions of tbis Security idstn�ment ar tkee Aiou which c�n be
<br /> = r-�,.��� • �� given effcci withop�tbe obnfltcting proWsion.To this end the pmvisions of thiq$ecuriry Ia.auument�d 8�e Note are dxlaresl� ,. ...
<br /> _��:=�-,,,� w be severable. ' �: � • . .
<br /> - 16.�►ampaez`s�opy.Borrower shell be given oae eonfora�l copy of the Note and of ttus�uiry�suument.
<br />__�:��;<�<:° .,t �. . . . . Fam 802fi 8180 •:,.
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