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<br /> ��'' " �' P��Y aa loage�be requi�ed,at the optfoa of Leader,if mortgage insntance vaverage Cm the aawunt uad for the Periad ��.,;,:
<br /> ".`�«� - �'" � u . that i.endes requins?a���Y�n ins�trer apptave�by L�ender again l�eopmes available and is Qbtaieed.Borrciwrr shai!pay f
<br /> � . the p�emiams re9ui�d m maintain mmtgag�insw�nce in effect,or w provide a loss Rserve.uatil t�e res�air�nent for�or�gage ;����,
<br /> , .`.,.s�:''`.,;; iasurance ends 6n arcordance wlt6 anq wriuen ag[eement betnve�eea Borcower and Lersder or agplfsable law. . . '�.4.`�F
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<br /> � �� - . 9.YnspecSon. L�ender or its agent may inaice�so.nabte eatries cipon anc!inspecxio�s of the Pmge�ty.i�der si�aU give � �-,�r
<br /> . °t-�, •. : . ���-:
<br /> "':4 •' Borrawernotioe at the time of ar p�or to aa inspeMloa spe�fytn�reasnnable savse for the inspedFan. �,L,.,,
<br /> � , , <;;-., : lU Condemaa�foa.'14ie gmceeds of aay award or�IaPm far damages. direct or consequeailel. in oonnedian with ur►Y �;°;�.-.
<br /> � .'',.�� ooudem�ation or other 9aking of aay gart of the PruperEy,or for co»veyaace in lieu of condemnatinn.are herebY ass3gned and < �;:.�:
<br /> __ s 5 a 1!6e g3itd to I,C n d e r. �ment � -
<br /> I n t h e event of a totel t a l a n g of the PropertY,We proceeds shaU be spplied W the s�ms sec�sr+et!hY t6�ia S��rit!►In�_. ,
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<br /> „ .'. wðer ar not then due,witti any eacess paid to Bomawer.In t h e eveut o f a p a r t i a i t h k i n g o f t h e P ro p e rt y i a w h i c l t t h e f a i r „ �"�';
<br /> � masket v,alue of the Prapetty unmediaieiy 6efore the taldng is equal tu�or greater than We amourtt of tbe sums secured hy this. �:=-•-`.
<br /> � �:-
<br /> : , ., t %, g�uriry insut�ent immetiately befare the taldng,unless BoTrower and t.ender otherwise agree in writing,the sums secured by , __
<br /> � �.�. tI�s Seauiry �nstrument sttsll be re�uced b die amonnt o�the pmceeds mnttiglied by the followiag �racoioa: (a) the tatal r
<br /> ' Y �mme�iqtely �:,'��-
<br /> ,•�.y''.�..`:.-��� amnurd af the Sums securecl immediatety befate the taking,divided by(b)t6e fair market va!¢e af the ProP�Y� ', . . �:s.�n:--
<br /> � ' 4 6efor�the taking.AnY ba�ance sfrail 6e paid to Bormwet. In the event of a pariial taking of We Yropeaty in wtucti thc fair -
<br /> • marlcet vatue of the Property immediately befo:e tt►�e takin$is tess than t�e amAt�nt of the sums secuted imm�d�a�1Y 6efare the �i `_
<br /> - taking, a�less Bormwea and Lender otherwise ag�in writiag or untess apglicatsie!aw othe�a+ise provides,ihe proceeds sha�l �
<br /> ... - be appliedYO the ss�ms seaued by this Securiry h�saument whetIier or Qot the s�uns ase then due. .
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<br /> � .If the PropertY is a6andaned by Bonvwer.or if,afcer nouce by Leader m Borroxrer t6at the wademnor offezsTo make an � �
<br /> '� `�r';� award or sBttle a ctaim for dama,ges. Bortower fa�s to respond to I.ender wtti�m 30 days after the clate the notice is gtven, _ _
<br /> . . " :. Lender is auttwrizal w collect and apply the pmcee�ls.at its.option,either to restorat�on or cepais.of the prope�ty�r w the simos,, . ' ------
<br /> ,�E ' �;, � 4. wh�ther nr not then due. . ----
<br /> .,� � secur�d by"this Secarity InstrameAt, Sication of ceeds to AnciPal sha�l not_extend or �:-�---
<br /> .: °.°` Unless Lender and BOrrower othe�a+i�ag=ee ia writing, anY aPp PD0 p
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<br /> � ....f' postpon�tite dus daie of the monthly paytnenis referred to In.Pa*ag[aPhs 1 and 2 or c6aage tfle amount of sach payments• �- -_
<br /> =''`�-' ' ' ' 11.Borsower Not Reteased.Forbeatauce�Y.Leuder l�toi a�1Va�v�.Extension of the tune for payment'or modific�tion � __
<br /> ' of amortization of the snms secureb by tt�is 3ecarity Iasommeat gcanted by Y.ender to any successor in interesc•of$onower shall , —�
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<br /> _ �.._ .. not ogeiare to release 4he liability of the orig'tu�ll Borrow�r or Bortower s saccessa:s ia intetest. F.ender shall not 8e reqaired to �u_
<br /> " �` ' commence proceedings against anY suoressor in tmterest or rcfuse to extend time for paynaent ar aWen�vise modifyr amotti7agon _o--
<br /> � � of the swns secu�f by this SecuritY Insa�amemt by reason of aay dea'naad made by the originai Bomnwer ar Boaower's . _---
<br /> �'•..;� susxessors in interest. Aay fo�tseaca�tce bF Iender in exercising any rigtit or seatedy shall not 6e.a waiver of aT P�Iude ttte =
<br /> ..� :. � ` ' exescise�of any+right or remedy. • ' . ----
<br /> �.��;�• �:�,�, 12. Saccessors and A�igas� ��;.Joint and Scverai LiaDility,Eo�tgneis.The oavenants and agreements of ttis
<br /> ' _ : !�'�:�, Sequity Inmument shall bind and benefit the saccessors and assigns of L.eader aad Bomower, subject to 4he provisions oP ' --_:
<br /> •�'• . para$raph 17. Borcower's covenants aad agreements st�all be joint and seveial, My Boaower�v&o co-signs d�is Secutitq ,„,,.�,
<br /> .,. ::: --._._
<br /> '' ' . � Instrument but do�not execute the Note:(a)is co-signing tlus SecurIty Iastcnment oatY to monSage.8rant and oonvey that _
<br /> • ' • °•'.', ,; Borrower's iaterest in the PropertY under the terms of this Security Instrument:(b)is not personally obligffie�to pay the sarns =__--
<br /> ���',�'� t6at L.ender and an other Borrower may agres W extend.modify..forb2ar or _
<br /> .. . , , secun�d by this 5ecurity lnstrnment:and(c)ag�es Y :�-,
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<br /> • - make any accomrrtodadoas with regard to the terms of this Security Insnument or the Note arithout that Borrower's conseat.. . R_.:�-
<br /> ' '�3.Loan Charges.If the loao secnred this 3ecari Insuument is snbject to a law which secs raaximum toan charges, �_'�.
<br /> . and tuat law is finally i�ecpreied so that the�fnterest or other toan c6arges co3tected or to be co ll e c t e d.iu cann e c�lon'w i t h t h a . �.`-
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<br /> . loan excad the permitted limiu.then:(a)an}+such loan charge sha116e redaced by the amount necessary ta reduce the charge �� '-
<br /> ' . • � to the pennitted limit;and(b)aay sums already collected from Boaower which exceeded permitted limits will6e�refunded to ' �---
<br /> �" � Bortowes, I.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct __ -.
<br />- : � � payment to Born�wer. If a refiind reduces principal, the reduction will 'be treated as a partial prepayment vuithou+t aay __- -
<br /> ��repayment charge under the Note. ' • :
<br />- . � •' ' 14.Notices.Any notice to Borrower pmvided for in this Security Iastrume�t shall be given by delivering it or by mailing �-__-
<br /> : � it by first class mail unless applicable!aw requires use of another method.The nodce shall be d�rected to the Property Address �;::
<br />- .. or any other address Borrower designates by noace to l.ender. My notice to Lender shall be given by firet class raail to� �:__
<br /> ` ' � � Lender's address stated herein or any otl:er address Lender designates by notice to�orrower. Any notice provided for in this . �-�=
<br /> � 'Secvrity Instrumeni shall fs°,deemed to have been given to Borrower or Lender when given as provlded in this paragraph• � y
<br /> ' 'l' 1 5.G o v e rn i n g i.a w,.S e v e r a��l i t y. T h i g S e c u ri ty I n s a u m e n t s h a i l b e govemed b y federal law ar,�.the .[aw of the �
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<br /> . '"' jurisdiction in w6ich the Property is loqted. In the event t h at any provision or clause of this Securi t y L�sttctm�nt or the Note '
<br />' . ' � . conflicts arith applicable law,such conflict shail not affect other provisions of this Security Instrumcnt or the Note which can 6e .
<br /> ;, . . ,,.., y given effect without the conflicting provision.To this end the provisions of this Securiry Instrument and the Note are��c�ated �:'
<br /> —• � ;, '.: -
<br /> . � to be severable. •
<br /> • . 16.HorroHes's Copy.Borrower shall be given one canformed copy of the Note�and of this Securiry Instrument.
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