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<br /> l& CONDEMNATION.Grantor will givc Lcndcr prompt notice of any pcnding or thrcatcned acticm,by privatc o►•
<br /> public entitics to purchase or teke any or all of the Praperty through condemnution,eminent domain,or any othcr
<br /> meuns.Grantor authorices L,ender to inter+ene in Grantor's name in any of the nbove described nctions or clsims,
<br /> Grantor assigns to Lc;nder the proc,�:cds of any�iward or claim for d�ma�es conncctcd with a condemnation or other �
<br /> taking of all or any part of thc Pruperty.Such pr�xeeds shell bc considercd paymcnts and will bc�+pplicd as provided
<br /> in this Security Instrument.This assignment af procecds is subject to the tcrrns of arry priar moKgnge,dced of trust,
<br /> sccurity agreement or other lien document.
<br /> 19. INSURANCE.Grnntor shall keep Property insured against loss by fire,flc�od, theft and other hazards and risks
<br /> reasanably associated with the Property dae to its type and loc:ation. This insurance shall be maintaincd in the
<br /> amounts end for thc periods that Lender requires,T'he insurancc c:arrier providing the insurancc shall bc chosen by
<br /> Grantor subject to L.cnder's appraval,which shall not bc unrcasonably withhcld.lf Grantor fails to maintain the
<br /> coverage described atwve,Lender may,ac Lender's optian,obtain coverage to protect Lender's rights in the Property
<br /> according ta the tertns of this Security Instrument.
<br /> All insurance polici�s and renewals shall be acceptable to Lender and shall include a standard"mortgage clause"and,
<br /> where applicable,"loss payee clause,"Grantor shall immediately notify l..ender of canceUation or termination of the
<br /> insuran►:e.L.cnder shall have the right to hold nc�policies and renewals.If Lender requires,Grantor shall immediatcly
<br /> gi��e to L.ender al!receipts af paid premiums and renetival natices. Upon loss,Grantor shall give immediate notice to _
<br /> the insurance carrier and L,ender.Lender may make proof of loss if not mAde immediately by Grantor.
<br /> Unles�otherwise agreed in wr.ting,all insurance proceeds shall be applied to the restoration or repair of the Propedy
<br /> or ta the Secured Debt,whether or not then due,at Lender's option.Any application of proceeds to principal shall
<br /> not extend or postpone the due date ot the scheduled payment nor change the amount of any paymcnt. Any excess
<br /> will be paid to the Grantor. If the Property is acquired by Lender,Grantor's right to any insurance policies and
<br /> praceeds resulting from damage to ttie Property bcfore thc acquisition shall pass to I..ender to the extent of thc
<br /> Secured Debt immediatcly before the acquisition.
<br /> 211.ESCROW FOR TAXES AND INSURANCE.Unless otherwise providcd in a separate agreement,Grantor
<br /> wilt not be required to pay to Lender tunds for taxes and insurance in escrow.
<br /> Zl.F7NANCIAL REPORTS AND ADDI'I'[ONAL DOCUMENTS.Grantor will prc,vide to Lender upon request,
<br /> �;�;�n��,��al x�A�P�„ent nr information L,c;nder may deem reasonably nccessary.Cirantor agrees to sign,deliver,
<br /> and Gle any additional documents or certifications that I.ender mny consider necessary to perfect,continue,And
<br /> preserve Grantor's obligat'sons under this Security Instrument and Lender's licn status on the Property.
<br /> 22.JOINT AND INDIVIDUAL LIASILITY; CO•SIGNERS;SUC�ESSOR5 ANB ASSIGNS BOUND. All
<br /> duties under this Security Instrument are joint and individuul.If Grantor signs this Security Instrument but dces
<br /> not sign an evidence of debt, Grantor does so only to mortgage Grantor's interest in the Property to secure
<br /> payment of the Securcd Debt and GrAntor docs not agree to I�c personally liable on the Secured Debt. If this
<br /> Security Instrumenx secures a guaranty between L.ender and Grantor,Grantor agrees to waive any rights that
<br /> may prevent Lender from bringing any action or claim against Grantor ur any party indebted under the
<br /> obligation. These rights may includc, but are not limited to, any anti-aeGciency or onc-action laws. Grantor
<br /> agrces that I.ender and any party to this Security Instrument may extcnd,modify or make any change in thv
<br /> terms of this Security Instrument or any evidencc of debt without Grantor's consent.Such a change will not
<br /> release Grantor from the terms oF this Security Instrument.The duties and benefits of this Security Instrumcnt
<br /> shall bind and benefit thc successors and assigns of Grnntor and I.endcr.
<br /> 23.APPLICABLE LAW;SEVERABiLITY;INTERPRETATION.This Security Instrument is governed by che
<br /> laws of the jurisdictiun in which Lender is located, exccpt to the extcnt otherwise required ty the laws of the
<br /> jurisdiction where the Property is located. This Security Instrument is completc and fully integrated. This
<br /> Security Instrument may not be amended or modified by oral agreemcnt, Any scction in this Security
<br /> Instrument,attachments, or any agreement related to the Secured Debt thAt conflicts with ap�licable law will
<br /> not be eff�ctive,unless tt�at law expressly or implic;dly permits the variations by written agreement. If any
<br /> section of this Security Instrument cennot be enforced according to its tcrms,that scction will be severed and
<br /> will not affect thc enforceability of the remainder o�this 5ecurity Instrurncnt. Whenever used,the singular shall
<br /> include the plura{ and the plural the singular, The captions and headings of the sections of this 5ecurity
<br />- Instrument are for convenience only and arc not to be uscd to intcrpret or definc the terms of this Security
<br /> Instrument.Time is of the esscnce in this Security Instrument.
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