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<br /> � . � Rg RECO�DE[� �� ��� ��°�����'� � E-; �
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<br />.: • . � at the-option of Lender, if mortgage insurance coverage (in the amount and for tlie periad.that Lender requires) ,. _�-------
<br /> roved by I.ender 2�t�1��►�s a�ble and is obtained Barrower shall paY the premiums
<br /> �. , prov:cl�by an instirer aPP ent for mort � `'�
<br /> „ � E, � °��°' . • required to maintain mortgage insuraace ia effect.or to provide a 1�r�serve, until the requirem �� _ . ._ . .
<br /> �;,"�,.,;,.-,� .�ce ends in accordance with any written a8reement be�ween Borrower and Lender or applicable law. ,., 4 --
<br /> �'^�'"`' 9.Inspection.Lender or its agent may make reasonable entries upon and inspections of the Property.Leader shal! , �
<br /> -- i'"- gi�e Borrower aotice at the tims of or prior to an inspection specifYing reasonable cause for the inspection_ -
<br /> 4
<br /> 10.Condemnatia�n.The proceeds of any�f ttu Pro laim for f�c�onveyance in lieu of�con�ndemnaho�n,are her�bp � .
<br /> G` any cxindemnation ur otiner takiag of any�rt P�3'� ?__�
<br /> `• assigned and sball be paid to I.ender. . ceeds shall 6e applied to the sums secured bp this Securit� '� � = -
<br /> T n t h e e v e n t o f a t o t a l t a k i n g o f t h e P r o p e rt 9,the P ro o f t he P r n i a -_ �" .
<br /> . Instrumen4,whether or not ihen due.witii any escesa paid to Borrower.In the eveat��a F� than the amwn �o�the � � � '-:°
<br /> • .:,`'i � w h ic h the fair market value of the Pmp�rt'9 immediately before ttie taking is equal gt�
<br /> . soms secured bY this 9ec�ri,t5'Instrument immediately before the taking,unles�s Borrower a a d L e n d e r otherwise a g r e e , ' _=-
<br /> .. . in writing,the sums secured bq thia Securit9 Instnimeat shall be reduced by the amount of the prosxeds muldplied by - ;,,- -_ -
<br /> y divided bp(b)the fair '
<br /> � �`.� the follo�iag fcaction:(a)the total amount of the sums secvred imsnediatelF bef°re det Ban'ower.Ia tl�e event of a -- ' -
<br /> � . 5'� market value nY the Property immediately before the taking.Any balsnce sball be pai . `%'�."•
<br /> . . � partial taking o4 the Property in tvhich the feir markeE value of the Propertq emmedigtefy befote the taking is less thaa '.:`
<br /> ' • the amount of the sums sectued iss�mediateip before the tekiAg.unless Borrawer and Lender otherwise agree iu writing t f, �.
<br /> �'• or uniea� applicable law otherwise provides. the praceeds ahall be applied to the sums secured by this Security .,ay�,.
<br /> � � • lnauument whether or aot the sua�s are then due. ; ..
<br /> If the property is abandoaed bp Borrower,or if.after notice by Lender to Horrower that the condemnor offers to � ,.
<br /> _. . ..�.�_,:'.,;.; make an award or settle s clsim foi dama�an�d a�ly the procceds,at its pLead eithes to restoratioa or repair of the � v
<br /> ��• . . . ,;•: notice ie givea,Leader is suthonxed to PP �_
<br /> � property or to the sums secured by this Security Instrument.whether ar not then due.
<br /> '� � Unleas I.ettder and Borrower other�ise agree in writing�aaY application of proceeds to principal shall not eatead or � ��-y-.
<br /> '.t � • ments refened to in paragcapbs 1 and 2 or chaage the amount.oY such � `�
<br /> . . '�, pustpone the due date of the monthlY Pa9 _ _:,;:• .=-._�,�,
<br /> • �__.
<br /> • .,,'r,�..�':...�: papmenta -
<br /> ' ' !l.Bonower Not Released;Forbearance BY Leuder Not a�Vaiver. �S�oa of the time for paysnent os
<br /> � . `� modificatian o4 emortization nf the sums secured by this Securitq Inatrument granted by L�nder to any successor ia -•;��."—_
<br /> � intetest of Bonowar shaU aot operate to release the lisbi}ity of tite ori�nal Honower ar Bonawer's saccessora ia ':`� , ---
<br /> an successor in iatereentt or refuse w eatsnd ;�
<br /> - • interest.I.eader shall not be required to cammence proceediap agaiAS� Y ina[ntment bp reasoa of any �.'r_f _.
<br /> time ior paYment ar otherwise modify amortizauon of tfiC su,r,�se..-urrd b,ihis SecvritY- _
<br /> � demand saade by tfle original Earrower or Bonower's succe�sors in interest.Any forbearaace 1sY Lender in egercising .�:--.
<br /> �' ' '� . � anp right or remedy shall nnt ba a waiver of or preclude the axercise of any right or remedp. '',
<br /> : ': ��h.� ... —
<br /> �:4`. : . �',�-� 12.Snccessors and Asaigas Bound;Joint and Several Liabi2ity: Co-sigaers.The cuQ�n�n��a���� ;,:_�...'-�-�_"
<br /> ' � oi this Securit9 Ir�strument shall biad and benefit the successars and easi�as pf Lender and Bosrower,subject to the _�: ;�
<br /> , provisiotis of paragrePh 17.Bonower's covenants and a�ceements shall be jomt aad several.Aay Borrower who ca sig� -•.>,;= ;. t_ =.-
<br /> , `,::��` � �
<br /> this Sacurity Instrumeat oaly to mortgage. : ��=.
<br /> , t h i a g e c u r i t y Instrument but daes aot execute the Note: (a)is w signing _.a,,�:_--
<br /> •. ' ' grant and canveq that Borrower's interest ia the Property un der t he terms o�t h i s S e c u r i t 9 I n s t r u m e fl t; (b).i s a o t : ,,,.__�_
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<br /> . . ,.;:. pei�sonally obligated to psy the sums secured by this Security Instrument;and (c) agce�s that Lender and anp other :" �.... ' __ �''
<br /> � Borrower raay agree to extend,madifp,farbear or make any accommodations with regard to the terms of this Security __-
<br /> ���: • . ''; I�strument or the Npte without that Bonower's conseat � F -
<br /> �'• �• '� 13.�.oan Charges.If the loan secured by this Security Iastrument is aubject ta a�law which sets masimum loaa
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<br /> , charges, and that law ia finally interpreted so that the iateresc or other loan charges collecteB os to be collected ia
<br /> � � � connection aith the loan exceed the permitted limita,then:(a)any soch loau charge shaU ba reduced by the amount �.�,,� _�._
<br /> � aecessary to reduce the charge to the permitted lirait; and (b) anp aums already collected from Borrower which s��,„
<br /> �,Y�==- =
<br /> , ,. , � ', euceeded permitted limits will be refuaded to Bonower.Leades may cLoose to make thia refuad bp reducin�,the _ _ __._2__ _.
<br /> principal owed under the Note or by making a direct payment to Borrower.I4 a refund reduces principal,the reduction s �
<br /> � ' - will t�e treated as a partial prepapment without any prepaymeat charge under the Note. : ' �
<br /> ' - 14.Notices.AnY notica to Bonower provided for ia this Securiry Instrument shall be given by delivering it or by � ; . ' � . • : ,;
<br /> ' mailing it by firat class mail uales9 applicable law requirea use of another method.The notice sha11 ba directed to�e ,.,;;;,�.�_ ;.,�_ .
<br />_�!.�'� . Propertp Address or any other address Borrower designates by notice to Lendet.Any notice to Lender shall be givea by �
<br /> ' ' � fisst class mail to I.ender's address stated herein os any other address Lender desigaates by notice to Bonowet.Any
<br /> . � notice provided for in this Security InStrument shaU be deemed to have been given to Barrower or Lender when given .
<br /> , � as provided in this paragsaph. ��.":.�.`.
<br /> � � ` ' 15. Gaverning Law:Severability.This Security Instrument shall be govemed by federal law and t�e law of the .
<br /> � � , j urisdiction in which the Property is located.In the event that any provision or clause of this Securitp Instrument m the � � :
<br /> �.:, � ' Note conflicts with applicable law,such conflict shall not affect other provisions ot this Security I n s tsument or t he No ta ��� �
<br /> v�hich can be given effect withont the conflicting provision.To this end the psovisions of this Security Instrument and
<br /> ��'. � � the Note are declared to be sevetable. �
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