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<br /> .`' if a�o��insutaace wverage(in the amount aad for the pe�iod
<br /> ' � �'`� pay�neats°�ay ao longer be tequited,at the option of Leader. :
<br /> . � � thai Lender cequires)Pmvided by an iasurer appmi►ed bY Iender a�aia beoomes available and is o6miaed.Borcawer shall paS+
<br /> `�-�'�� to maintmin mottgage iasa�anr.e ia effea,ur to provide a loss reserve.until the requirement for mortgage ,
<br /> • the premiums requued hcable law.
<br /> _ .., insurance snds in acoo�ce with any vrritten agceem�.at between Bamawer aad Lender or.aPP�
<br /> , L^ Lender shalt e �.
<br /> �,{� ':, ' 9.Tnspectton.l�nder or its ageat m�v make reasonabie eauies upos�aad insFearons of the Progerty. . �
<br />_ '�R- go�mwer notioe at the time of or prior to an inspe�ion sPectfyinS reasonable c�wse for t6e inspaetioa. .
<br /> � - . . - iQ.Conde�t�oa.'�'he pro�ds of aay awaid ar�aim for damages.dir�t or cna��ssndal. in wnnection with any �.
<br /> _ �- wndemnation or vther taldng of any part of the Pmperty.or for oonveyance in lieu of condemnattan.are heteby ossigned aad �:
<br /> • , shal!be paid w Leader. _
<br /> .'`.� la thc evem of a tot�l taking of the FmpettS+,the pruceeJs shaU be applied to the svms s�by this Secnrity Insu�te�. -
<br /> ° ,::`�;..r' � whethef or uot then due,with any excess paid to Borrower. In the�event of a partiat taldng of the Property ia which the fair �
<br /> -` � -'= �' roarkei vatue of the Pmgerty Immediat+ely befaie the caking is equa!W or�eater than the amount of the sums secaueA by tl�is _—-
<br /> ; ,� •, -. :..
<br /> . . ..� °:- S�uit�►Insunment immediatelY before the taIdng,unt�ss Borrower and IraWer othenxise agcee in writing.the sums secured by _
<br /> . '..:`.•�• ;.' this Security�Instrumeat shall be reduoad by t6e amamnt of the prac�ads umltiplied by the foIIowing'fiacxion: (a)t6e wuJ� • _
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<br /> �- amoimt of the sums secuied immediately before the taking,divided by(b)the fair market value of tt�PropertY imm�iscelY --
<br /> ; 6efore the tating. My balanc�shall 6e paid m Soaower.In the eveat of a partial taking of ihe Property in which tlte fair �._
<br /> . ��,: __
<br /> , .� market vaIue of tfle Property�ediately befoie the.takin8 is less tban the amonnt of the sams secured immediately befo�the. �.-
<br /> � taking,asdess Eorrower aad I�der othernise agree in writing or.unless applicab2e law otheiwise p'rovides,ti�e proceeds shall , s
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<br /> �. ?. � . be spplied to t6e snms s�bJ►�s Se�it9 Insu�unent wh�her or not tt►e snms are then due. _.
<br /> ns unent
<br /> ��",t=� ff thr property is a6andoned by Eorrower,or if.a�r not�ce hy Lender to Borrower that the wndemnar a�Grs ta makE an _
<br /> " _ ..y;-,.".:._:"- award or se,ttte a ciaim for damages.Borrqwer fails to�spond w I.ender arithin 30¢ays after,t�date ths notice is�ven,. __
<br /> ':` lxnder Is authorized w coIIect and apply.�+4°�gjroceeds.at its optioa,either N teswratioa or repair�'ti�Y�roperty or m t�e'srz�s , �-:•
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<br />: :;:- . ';. � secured by this 5ecurity Inss,m!�cent,w��ni not ttten due. ' i.�., �-._-
<br /> . . �.. `i��_ Un�ess Lender attd&�•.�'er o�iye ag�ee in writing, anY eFPliration of proceeds to prmc�pal s5a11 not exte�ca; ..,�F•
<br /> __ . _ .,_�� postpoae We due date of��stHlY PaYr�nts refernd t°ia parag�apl�1 and 2 or change the araount of sach payments• • �:: � s_
<br /> e• � �.''� 11.Rorrawer Not Re�eased;For$�`$ate By I.ffider Noi a Waiver.Eatension of the time for payme�t or modificati�:. , , -_
<br /> �''/r•.•' .� � - of amosti7ation of the sums secut+ed by thi���ec�n'iry Instmment gtauted by Le n der to any successor in i n t e r e s t o f B o r[o�u e r s�,
<br /> • aot opecate w rete�asc the liahiTity of the original Bormwe�or Bo:mvver's successoss in inte�est.L�nder sha11 not be mquire�to . --
<br /> . ' � . ' comrnease pmccediugs a�'.�.anY surces�°r in interest or refuse to extend tinae for payment oz otherarise tpodify amortization ,.
<br /> of the suins secured by t�bis�S�ority Iastrument by reasan of any demsnd made by the original Bormwer or Bortowet's
<br /> . . . ` s�ccessors in interest.Any forbeazance Isy I.ender in exercising arcy right or iemedy shall not be a waiver of or preclude the _
<br /> . ' exenise of any i�,a.ht or remedy. -�. . � .
<br /> ,•� (•; , ,lZ. Sucee�ors and Asstgas Bo��Join! and Several Iaahititq;Caslgneas. The cac�ts and agreemeats a£a?;,:s
<br /> • ' Seca�rlty Iaswmeat shal! bind and benefit the sacc�ssors and assjgns of Lender and Borraarer,sub,�ea W the provisia�a�` _
<br /> � , .. paragrapD 17. Horcower's covenants and agreem�nts shall be joiat and sevetal. Any �mrower wfso oo-signs ttus Sec.uriry --
<br /> " � � �asorument but does not execute the Note: (a)is co-signing this Security Iusuiunent only w mortgage.grant and conve3+thai
<br /> � ' ;;�., Bormwer's interest in the Property under tha tenns of this Securiry Instrument:(b)is aot personally obligated to Pay We sums •
<br /> � � seaued by this Security Insmuaen�aad 4c�agrees that i.ender and any+ether Barrower may agree to extend,mudify.forbear or -
<br /> �;';�����;.;r.� ma&e any accommodations with regard to die tem�s of Wis Ser�uiry Insuutnent or the Note without that�Borrower's conseat. -�-
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<br /> � I3.Loan Chatgcs.If the loan secured by this Seaurity Instrument is subject to a taw which sets maximt►m loan ciiatges,
<br /> . •� •;� aad that law is 5nalIy interpreted so that the interest or other loaa charges coAe�ed or to be coU�eted in wnnettion with th� •
<br /> , •" '. � - loah exceEd the permItted►imits,Wen:(a)anY sucti Iaan charge shall be reduoed by the amount necessary to reduce the charga
<br /> �,, . � �::};
<br /> . . ..,:°� to the p„�rmitted limit;end{b)any stims al r e a dy o o llect e d fr om Burrow e r w l�c l�e x c e e d e d p e m n i tt e d l i m i t a w i l l b e r e f u u�m d,t o
<br /> ` � �- Borrower. Lender may choose to make this refuad by redacing the principa2 owed under the Note or 6y maldng a�nx
<br /> re a
<br /> .. . •�.,�`�� . Dal+ment to $oaower. If a refund re�uces principal, the reduction wiU be treated as a partial PmPaY!r►ent adthoui any .
<br /> , . . ` prepaymeat chazge under the Note. .
<br /> ' � 14.Nottees.Any na��to Bomower pmvided for in this Securlty lnstcument shall be giv�n by delivering it or by miaillng _
<br /> . . '• �� 5t by fust c�:�s mail�unless appiicable 1aw requires use of another msthad.The notice shall6e�uted to the Praperty Address . --
<br /> � or any other address Bormwer designates by aotice ta Lender. Any notice to l.ender s1�aE�1�given by first class m:u�uo __
<br /> � . �.eader's adQress stated her�in or any other address Lender designates by notice to Borrower. Any motice provided for in�this
<br /> � � ` ..� �curi Ecuttument shall be deemed to have been given to Borcower or Lender when�ven as pmvfded in this paragaph. . _
<br /> � . :; � l�,C�verWng 1�aw; Severability This Security Instrument�shaU 6e govemed by federal !aw and the law of the � �
<br /> � ; •.• � jurisdic�on�n which the Property is toratecl. 1n the event that eiry provision or clause of thls Security Insttument or the �ote _
<br /> ���;` � ? caatlicts with applicable law,such coat3i�shall not affect othet provisions of this Seeurity Instniment or the Note wh�ch c�a be _
<br /> •�_:° ..:� given effect without the conflicting provision.To this end the provisions of this Security Instrament and the Note are declared
<br /> ao fie severable.
<br /> • � 16.Bon�ower's Copy.Boirower shall be given one conformed copy of the Note and of tivs Security Instrument. • —
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