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<br /> �� Y - - e • . . If mors insurance cave�ag(���and for the pesiod 4 � o;
<br /> _ • •�,,�. .:. . p a y m e n t�m a y n o t o a g,e r 6 e�g n i r e d.a t t h e o p t i o n a f I x a d e r, g a S E
<br /> -', a ;. ::•. that Latder �equires)Provided$3►aa insurer appmve�by Leuder agaiu becomes awailable and�s abtained.8ormwer s h a l l P�Y .
<br /> . .`�' ,�. _' . requiced to tnaintaia moitg,a8e instaance fat cffect,or to provide a toss resesve,uutil the rzquiremsnt far mortgage ` .`;
<br /> F 4 ��� ti��:. • �he piemiiums . , . �
<br /> �.` ��, . . i„�u.�noe e n d s�in aCrordaace with a n y►written agreemena betweea Bocrow�r and Lender or appticabie latv. ` ,�-..
<br /> °'' ,` � �� �.Insp�im4.Lender or its ageat m�y make reasunable ennies upon aad inspections of the Ptoperty.�Leader shail give � '
<br /> - ' .`°�° ;. ` .':,: . Bqrrower notioe st the tlme of or prIor to an�nspe�tian specifyiag�asonabla cause f or t he i n s p e aron. ' -
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<br /> " �"`�.. 10. Coad�nnatioa Tke pmceeds of any award or elalm for damages.direc�or wnseqaendal,in aonaer�Ioa with aay .
<br /> ,., . �,,��.. .
<br /> � ! n�,;r.�s�_,�.�'- coade�matlaa oi other taking of any part af the PmpertY,or for conveya�c�e ia l�eu of ebndemmatioa.are h�reby ass'sgned aad
<br /> .'.-:�;°F�,,.° — sliaII 5e paid to Lender. - - `—o; �"
<br /> 7 F ` In the event of�a tatal takiag of the Pivperty,the pmcee�s shari 6e applied w the sums seaued by tt�is SeruritY Insaum�t• �
<br />-- _,��', aid to Bormwer.in tt�e event of a partial taking of the Fropert}+.ia wl�ich the fair
<br /> ,�-�--<— whe�er or not the�4 due,with a�r eacess p. sums sec��d b this � .�,�,
<br /> .. ` pna�cet valne of the Proper►Y imm�ate�Y befo�the taktng is equat ta ar gceater ihaa the amount of t3ise Y � .,__�;
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<br /> � �ec�iry�asuumeat�mmedfateIY before the takiag,nWess�ormwer and I�nder otherwise agcee in writing,the sums secured by
<br /> '�'�� `, this SectuIry Instrunueat shall be redueed bS+ the amounE of the proceeds mulUiplied iry the following frac[ion: {al che totat �
<br /> , ` . •:`::' .� 6efore the taking, dn►ided BY N)the fair markec value of the�nupertS►immediatelY �b �
<br /> . . '� amouat of the sums secund imu�di�el7l er _ ""
<br /> ` .�`*..:-. •.'•���.:�., before tIIe taking. Auy balance shall 6e paid w Bormwer. 1a the event of a partial ta�ing of the Property ia which the fa'sr . -,=
<br /> ' y`�` market value of the Progexry�ly be f ore t he t a t c i ng is tess t h a a t b e a m o u n t o f tiie sums secxiced immediatelY befaie the
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<br /> :� t�ing,uNe�Borrower a m d Lender otherovise a g c e e ia writing es unIess applisable taw atherwisti pmvIdes,the gmceeds sball -
<br /> ` �� � • '�`' 6e spptied w tbe snms serured by this Sewrtty+ins�+�e�whether or aot the sums are ti�n dae. —
<br /> -- .. � .-'' If the I�roperty is abaadoned by Boirower,or if:aftet tlotice by Leaader to Bo:rower that t&e cond�or offe�s to maIoe an _ _ -
<br /> .' r. � • � awatd or sc.tUe a claua for damages,Bormwer fa�7s to respond w L.ender within 3Q days after the date Ehe notice is given. _
<br /> " `;.';.`` ' Len'�is auu•ori.�i to r.�ilect aad app3y the proce�s;at its aption,either to restaiation or�pair of the ProPertY or to t6e sums
<br /> � � `�, • secured by ti�is Securiry In..xument,whether or aot thea dne. ��adon of roceeds to.PriaciPal shait not exteud or �-��
<br /> } ' [Tnless Lender and Bbrrower othernise ag�ee ia writing, auY 8FP p �, :__
<br />-'�� �� t � : ". , postpone the due date of the monthlY Payments teferced tv ua paragraphs 1 and 2 or char.ge the autouat of suci�Paym�nts• � -_:,.
<br /> z:..: ........:.�` . or madificauoa
<br /> .°'.,�-_. . ��t;�` ii.Barcuwer Not Rdased;Forbearaace By Lender Not a Waiver.Factensioa of ttte time for payment �•_:-:._
<br /> ted Leader to aa successor ia interest o f B orrower shalt � :
<br /> f � ' � af amorfizati4n of the sams se�aued 1sY tbis Security Instn�ment�ran bY Y
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<br /> nor opera�e to release ttte lia6iliry of the original Bormwer or Borrower's successars in inteiest.l.ender sball not be required co � :_ __
<br /> � .� . ommmease Proceedinga against aaY su�essor in interesc or refuse to extend dme for paymeat or othecwise modifY amor�izai3on� —__
<br /> ' � of tbe sums se�ured bY this Sec�uily tnslnament bl+ reason of aay demand made bY the oriSinal Bonower ur Borrower's � .
<br /> -- . .:.,-�- be a waiver of or� r�Iude the
<br />_ . sac�sors in iatetest.Any forbeatance by I.emdei in exercising anY right'ar semedY shaU 1� p ------.-
<br /> exercise of auyr right or iemedp. �.���������of this
<br /> ' 12.Sucsessors aud Assigns Bo�d.Joint aad Seveisi I.ia6ilfty: �o�Ign �"__
<br /> r .. '..;=-�. .. Security Insuvmc.�t'shall bind and beAeSt the saccessors and assigas of Lernder and Boirower,snbject to the provisions of . --
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<br /> � patagraph 17. Bormwer's caveaaats and a�reemenfs shall be}oint and�:veral. Auyt Borrower wIlo co-signs this Securiry i _
<br /> � ' ' , Instniment but does not exeaue the Note:(a)is co-signing this SecuritY Insuu�ent only w mortgaga. Srant and convey that .. ,�--._ _;,
<br /> _ � . Barmwes's inteiest in the Property under the terms of this S e c u r lty I o s t n�en t;(b)i s n o t p e r s o n a ll y o b U g�t e d t o p a y t h e s u m s ' -- -�
<br /> to euenc�.mo ,fo ear or ��,,,�;
<br /> ° ; r, setured'b y this Securit�►_Instrament;am3(e)ag�a ehai lender and any other Borrower maY a�e �i' � . . t:.�•,..�-
<br /> ,:_ �:. .: � make any accommodadons with regard to the tem�s of this Seassity lastrumeut or the Note w i t h out t ha t Bo r r o w e r's c o II S S e n t. -• t ,� :
<br /> � 13.I,aan Changes.If the toan secured by this Security Insuuuient is sub ect to a fa�v whicL sets maximum loan charges. � -
<br /> � �_° :
<br /> . , . and tl�at law is fma�IY interPreted so that the interest or other loaa cl�g�callected or to be collected ia connection with th'e r,,°���•:
<br /> ... � .��. ,,�.,:
<br /> � � � loaa exceed the pezmitted limits.then: (a)any such loan cd�arge shall be re�iced by the amoi�nt necessary to reduce the charge �_��.�„
<br /> •. " � w the permitted iimit;and(b)anY sums already coltected from Borrower which exceeded permitted limits will be refanded to
<br />�s: . Borrower. Lender may.choose to make tius s�efund by re4uciag the principal owed nuder [he Note.or by�. •n¢a d'uect �•_ ;Y;
<br /> . paytnent to Bormwer. If a refuad reduces princtpal, the reduction will be ueated as a pardal prepayment without. atry . - ;
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<br /> .. ' prepayment charge undet the Note. E - =.
<br /> . � � l4.'Nouces.A�►nottce to Borrower pmvided for in this 5eauity Instrument shall be givea by delivering it or by mailing E - -
<br /> it b p fsrst cla�s mail waless applicable iaw requires use of anothes m e t ho d.'I 3 ie no t ice s h a t l be directed to the Pro perty Address
<br />- ' � or 4.y ather adQt�ess Bortower designates by aotice to L en der. A�r no d c e t o L e n d e r s h a I l b e g i v e n b y t i r s t c?a s s m a i l W. e _
<br />-�>" ' � Lender's address stated hereia or aay other address Lendei designates by notic�to Bonower. Any nottce pzovide8 foz in this
<br /> -' Security Instn�me�t shalt be deemed to have been given to Borrower ar T.e�der v�hen given as provided in th�s paragraph.
<br /> :�i��,., ;. � ' i�Governing Law; Severabilfty. This Security Insuument shall be governecl by federal �aw artd the law ofthe .
<br /> uum
<br />_=�, jw3sd'sction in which the Property is located. In the event t�at any pro'visfon or clm�se of tUis Ser.urity Insmlment or the Note ��
<br /> � wnflicts with applicable law,such confllct shall not affect other provis�ons of Wis Securtty Insuument or the Nate wt�ch can be.
<br />,:�;�,.:.., ,� . . � givea effect wtt�out the conflictin�provislon.To this end the provisions of this Securiry Instrument and'the Note are deciared _ ' .
<br />- •: � � to be�everable. f:�•._:
<br /> ,��, ,., � " ' ' 16.Boarovser's Copy.Bonower shall be given one eonformned copy of the Note.and of tt�is Security Instnsment. — -
<br /> Form 302R�9 .
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