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<br /> paymcnts muy�tu Inn�er iZU rey�dred,�u thu��ptlt►t�.uf�I.bn�ttir,lfi tnniq.�Aan insurance covera�e(in the amaunt and for ths period
<br /> thut l..ender requircv)pmvfdc�l My an in4urnr u���►mv.a�i�by��lwncttrr n�uln hecomes available and is obt�i�ed. �orrower shall pay
<br /> the prcmiums rc<{uireA w iusrlutqla unrri�lt�e,�Intcit�►u«In�wffrmt.ar to prAvide a toss rescrvc,unN!the requirement for mortgage
<br /> Insuriuice ends in accurd�uic�with siny a�rlttfn�,tp�tr�entir+nt Isatween Borrower and Lender o�appl!cable law.
<br /> 9.it+�pcctlon. L.cnder ur it�;ngutH�ins�)���t�a,�fU,rrsiasonable cntrles upon and jnspections af the praperty. Lender shall gtve
<br /> Borruwcr noticc at tl►u timc nf��r prior t�►tut�in9���ii��t��perifjring reasonAble cause for the tnspeption.
<br /> Y0.Co�tdrnutuilot►. �{tC Ni'tkCCtIY/1��t�l)\�E�1YAn3 ur c{uim fa-dcunages, direet or conseyuential, in�annection with any
<br /> condemnation or other tuking af uny pnn nf tlie'Pmpeny. or far conveyance 1n lieu of condemnatian,are hereby assigned and
<br /> shnU be puid to L.endcr.
<br /> ln the event oF a tatul tukin�of thc Propcny.thB procceds shell be applied to the sums serur�ci 8y this 5ecurity Instrucnent,
<br /> whethcr or not thcn duc, with uny exccss puid to Borruwer. In the event of a pariial taking of the Property in vvhich the fair
<br /> market vutue af the Properiy Immedfutely befare tho tuking!s equnl to or gr�eater than the amount of the sums secured by this
<br /> Secuc[ty instrwnent im�nedtate{y befi�re the takin�,unless Qorrower end Lender otherwise agree in wNting,the swns secured by
<br /> thts SExurlty instrument shull be raiuced by the amount of the praceeda multiplied by the following fraction; (a) tha total
<br /> emaunt of the sums secured immucitutcly beforc thc taking.divIded by(b) the fair market value of the Property immediately
<br /> before the taking. Any bulance shnll be puld ta Borrawcr. In the event of a partial taki»g af the Fropeny in which the fair
<br /> market vulue of thc Property�mmediutely befare thc tukins ia less thun the amount of the sams secured immediately befare the
<br /> taking. unless Horrower and f,.ender athurwt:;c ugree in writing or unless applicable law otherwtse pmvides, iho proceeds shatl
<br /> be applied to the sums secure�by th{a Security Instrument whether or not the sums ar+e then due.
<br /> If the Pmperty ts a6andoned by Eorro�rer.or!f. utler notice by Lender to Borcower that the condemnor offerfi ta�nahe an
<br /> award or settic a claim for damages, Borrower fuilx•to respand to Lender within 30 days after the date the notice is given.
<br /> Lender is authorized to callect a»d upply the proceede+.ut itR option,either to rEStoration or repair of the t'ronerry or to the sums
<br /> secured by this S�cur�ty Instrument,whether or not thun due.
<br /> Unless Lender und Borrower othcrwlse a�ree in writing. any applicution of proceeds to prinelpa! sha11 n4t extend or
<br /> postpone the due date of the monthly payment�referred to in paragraphs I and 2 or change tho amottnt af.sueh paymants, . •
<br /> 11.Borrower Not ReleASCdi Forbearancc By I.cndcr Not a Walver.Extenston of the tfine for paym�nt or madif3catIon
<br /> of amortizstt�on of the sums secured by thix Securlty Instrument srnnted by Lender to any successor in interest of Harcawer�shall
<br /> not operate to nelease the liability of thc orlglnal Botrowcr or Borrower's successots In interest. I.ender shal�not ba�recjuir�l�to
<br /> commence pt+pcee�ings agninst uny saccessou in interest or rettise to extend time for payment�r ofherwise modify amortizatiaA
<br /> of the sums�secured by this Security Instrument by reason of uny dcmand made by the origine! Boirower or Boirowot's.
<br /> successor�ln intetest. Any torDearance by Len�er in eaecri�ing su►y rigfit or remedy shail noc be a waiver oi or preclude the •..,
<br /> exerclse of eny rlght or remedy. � .. �
<br /> 12. Successors and Asslgas Bound; Jo1nt and�Several Lfablltty; Caslgners. Tha covenants.aiid n,greem�n"ts:of thi�' . ,
<br /> 5ec�uity Instcument shall bind and benefit the successoro and essign�of Lcnder and Banrower. subjecf:to tlit:�provisions,pf , �
<br /> � pacagraph�17. Bomower's covenants and agreements shall be joint und sevetal. Any Bortower who cas9gps this�.SCairity•.
<br /> _ inshvment but dces not execute the Note: (n)js co-sjgning this Securlty Instrument only to mortgage. gr.aqt and coi�vey that �,.
<br /> '� ' ��`Bonower's interest ia the Property urtder the terms of this Securlty Inatrument;(b)is not persontilly obliga'teki ta•pay the�iim's .: ,�
<br /> seeuced by this Security Instrumenr and(c)agrees that Lender nnd uny other Borrower may agree to extand,rr'iodif�J,forb'e�ir,iar' ':• '
<br /> make any a�ooanmodadons wlth regerd to the terms of this Securlty Insuument or the Note w(thout that Bonawer's:conr�nt.... �"
<br /> 13.I.oan Clmrges.If the loan secured by this Security Instrument is snbject to a law whfch sets rqaxiMuin Iaan�har�ea, •
<br /> and thnt law is finally int�rpreted so tltiat the intemst or other loan churges callxted or to ba_collected in:conttectiOq vi!i(h:ths . .-'<;:
<br /> loan excxsd.the mutted limits.then: (a)any such loan ch o shWl be reduced b the amount necess ' `� '
<br /> 1� � Y axy'to reduce�tlie.sl�r$e':':-;�. .;. .
<br /> to the}semaitted-limit:and(b)any sums already wllected�m Horrawer whIch exceedod permitted 1lmits wI•�l�:b�iet'u,{�ded�th 1:,..,�.�.�.:,
<br /> Borrower,�I;sn¢er,may� choose to make this ceti►nd by reduoing,tho princip�l owed under the Note or•iry' uv�king�.a._�irec4 ,::���;'�.�
<br /> payment to�Bcfrrower. If a refund reduces principal, the reduntion wlll be treuted as a partial prepaymeni ,without,,aay,. ': .
<br /> P�PaYment charge under tho Note. ,: ,�'�' .. ��t:�: .�. .
<br /> �. 14.Notices.Any notice to Borrower provide3 for in ttiis Security Instrument shalt be given by deliveting.it ar,.by,.,tpa#{iiig . .'�� ��
<br /> ���':�It;by first class rneil unless appl�cable law requires use of another method.The notice�haif be direcied to t}��i'ropeity�Addi?�s's, ;, �
<br /> :'�: �Rr any other address Borrower designates by nodce to Lender. Any notice to Lender shull be given by firat•,eTaSS�mail:to>..,'�`. ."
<br /> � `:'�,:..L�nder's address stated uerein or any other address Lender designatea by noitce to Banower. Any notice provfde�i fbr.1»�t�ii'S '� .:.:r�:�.
<br /> '���S�uriry Insmiment shall be deemed to have been given to Aorrower or Lender when gjven us provlded in thIs paragr�ph:;, :;;��•. .�, �
<br /> 1S.Governing Law; Severabiltty. This 5ecurity Instrumcnt shall bc govcmod by federal law and the 18w�of;4he • '
<br /> "• ��.'.jycladicuon in which tlie Property is located.In the�event that ar:3 provixion or clnuso of this Security Inswment ot the I�o�e � ;.:.,�'�. ..
<br /> ' ;:ct�nflicts wtth applicable Iaw.such conflict shalt not affect other provlyions uf thia Securlry Instrument or the Note which s�ii;be �` .,�� '• �'
<br /> '� " ::���gfKen.effect wIthout the aonflicting provision.To this end tho provisions of thie Security Ir_suument end tha Note are 8ee1 .area '' _;,
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<br /> ' •�to��ie�r�e,verable. • • �'�
<br /> � �6.Bortower's Copy.Borrower shatl be given ono ooaformed wpy of thc Natc nttd of this Secudty Instrument. � ,.
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