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��14�4573 <br /> interest from the da�e�f d�sbursement a�the Note rate and sha�l be payabXe,v��th inter�st,upon nflt�ce fram Len.der <br /> ��S�rro�er reques�i_ng paymen�. <br /> Mvrtgage Insuranc�. �f L�nder re9uired mor�gage �nsura�ce as a cond�ti�n of�naking �he Ioan se�ured by this <br /> Securi�y�nstrument,S�rrower shal�pay�he prem�ums required�o ma�n�ain�he m��r-�gage i.nsurance�n effec�.�f,far <br /> any reas�n, the mor�gage xnsurance cv�erage required�y Lender lapses or ceases ta be �n effe�ti, Borraw�r sha�� <br /> pay the premiums requ�.red �� abtain c�verage subs�antia��y equi�a��n� ta �he �nortgage insurance prev�ous�y �n <br /> effec�, a� a c�s� subs�an�ia��y equxva�en� ta �he c�st ta Barrovver of�he �mor�gage insuran�e prev�ous�y in effec�, <br /> fram a.�.a��ernate m�ortgage�nsurer appr��ed by Lender. �f substant�al�y�qu��a�en�mor�gage i.nsurance co�erage�s <br /> not avai�able, B�rrovv�er sha�� pay ta Lender each m�.on�h a su�m equal �o one-twel�h of the year�y mortgage <br /> �nsurance prena.�um being paid by B�rrow�r when�he �nsurance co�erage Iapsed ar ceased to�be �n effec�. Lender <br /> wi�1 a�cept, use and retain�k�ese payments as a l�ss reserve �n l.�eu af mor�gage �nsurance. Loss reserve pay�men�s <br /> may no ivnger be requ�red, a� �he op���n �f Lender, �f mortgage �nsurance coverage �in �he amaun� and for �he <br /> perivd that Lender re�uires�pra�rided by an insurer approved by Lender again becomes avai�ab�e and�s obtained. <br /> Borr��ver sha��pay the premiums requir�d to main�ai�xi mortgage �nsuranc� in �ffect, or to provide a l�ss reserve, <br /> un�i� �he requiremen� for mE.or�gage �r�.surance ends in ac�ordance w��h any �vritten agreemen� between Borrovver <br /> and Lender or App��cab�e Lav�. <br /> Inspect�an. Lender ar i�s agent may make reasanab�� en�r�es upon and inspec�ions of the Prnper�y. Lender sha�l <br /> g�ve Bnrrower nat�ce at�he�ime of ar pr��r��an��aspection spec�f�ing reas�nable�ause for the inspec�ion. <br /> Condemnat�on. The praceeds of any award or c�aim f�r darnages, direct or cansequ�ntia�, �connect�on w�th any <br /> cand�mna�i�n or o�her�akir�g of any par��f the Pr�perty, �r for Gan�reyan�e in Iieu_af condernn.a�ron, are hereby <br /> assigned and�ha�i be pa�d��,Lender. <br /> �n the e�en� af a�o�ai�ak�ng of�he Prflperty, �he proceeds shall be app�zed�o the sum�s secured b� th�s Secur��y <br /> �nstrument, vvh��her or n�t �hen due, wi�h any excess pa�d t� Borrower. In the even� af a par��al tak�.ng �f�he <br /> Pr�perty �.n vvh�ch the fair mari�et va�ue of the Praperty immed�a�ely befare the ta.king is equal�a ar grea�er�han <br /> �he amflun� vf�he sums secured by th�s Securx� Ins�ru�men� immed�ately �efore �he taking, unless B�rra�er and <br /> Lender o�herw�se agree in v�-��ing,�he sums secur�d by�h�s Secur�ty Instrumen�sha�I be reduc�d b��he anzoun�of <br /> the proceeds mu�tzplied by t�.e folio�ing fractr�n: �a}the�Qta�amount af�the sums secured immediate�y befQr��he <br /> �aking, d�v�ded by �b� the fair rnarke� value vf�he Property arnmed�ate�y bef�re �he �ak�.ng. Any balance shal� be <br /> paid to Bnrr��rer. �n the even� af a par�ia� �aking vf�he Prvper�y in whiGh the fair mark�t �a�ue vf�rhe Property <br /> immedia�e�y bef�re the �a�ing is �ess than �he amaunt of�he sums s�cured immed�a�ely bef.ore �he �ak�n.g, un�ess <br /> Borravver and Lender otherv��se agree zn�r�ting or un�ess Applicable Law o�herw�s�pravides, �he proceeds sha�� <br /> be applxed�fl the sums secured by this Security�nstr�men�whe�her�r not�he sums are�h�n due. <br /> If the Pr�perty is abandoned�by Borrower, flr�f, after no��ce by Lender to Barrov�er tha�the c�ndemnvr�ffers t� <br /> make an avvard or settle a cia�.�m for damages,Borrov�er fai�s to respand�o Lender wz�hin the min�nlum numb�r af <br /> da�s estab�ished by A�pl�cab�e Law after the date�he nv�ice�s given,Lender�s a�.thorized to coilec�and apply�he <br /> praceeds, a� �ts flp�ion, e�ther �o restorat�an or r�pa�r af�he Prop�x�y ar ta �h� sums se�ured by th�s Secur�ty <br /> Instrument,vsrh��her flr nat�hen due. <br /> Un�ess Lender and Borr�vver othervc��se agree ir�v�rrting, any applicat�on of praceeds�o pr�nc�pal sha�Z na�ex�end <br /> or postp�ne �h� due da�e of�he paymen�ts referred �� �n the sect�on ����ed Paym�nt of Princ�pa� and Interest; <br /> Prepaym�nt and Late�harges or chang��he amou�.t of such paymen�s. <br /> B�rrawer N�� ReieaSed; Forbearance 13y Lend�r Not a Waiv�r. Extension of �he t�nze for payment or <br /> modif ca��on flf amartizat�on �f�he sums secured by th�s Securxty �nstru.ment granted by Lender ta Borrflwer ar <br /> any suc�ess�r in znterest of Bflrr�wer sha�I na� �perate to re�ease the ��abiii�y of the flr�ginal B�rrovver or <br /> Barr�wer's successors �n interest. Lender sha��nv�be re�u�red to �o�nmence proceed�ngs against any successar in <br /> interest or refuse to extend�i�ne for paymen�or o�herv��se modify amart�za�xon of the sums secured by this Security <br /> �ns�rument by reason of any demand made by �he �rigrnal B�rrawer or Borrower's successars i.n xnter�s�. A.ny <br /> farbearance by Lender u� exer�ising any righ�ar rernedy shall n�t be a�vai��er of�r preclude �he exercise of any <br /> r�gh��r remedy. <br /> Su�cessars and Ass�gns Bound; Ja�n� and �e�era� Lia�z�ityy Accomm�dat��n S�gners. The co�e�ants and <br /> agreements af�his Secur�ty �ns�rumen�sha��bind and b�nef�the suc�essors and assigns of Lender and�orrower, <br /> subj�c� to �he pro��s�ons af sec�ian tz�Ied Transfer of �he Prop�rty or a Benefi��a� I�nterest in Borrovver. <br /> Borravver's covenants and agreernents sha��be j oint and severa�. Any person whfl�o-s�gns�hxs Se�ur��y�nstru�nen� <br /> but daes nat execute the Note �"Ac��mmodat�vn S�gner"�: �a) i� co-s�gning this Se�urit-� �nstrument fln�y t� <br /> m�rtgage, grant and��n�ey that Accommadat�nn Signer's in�erest�n the Pr�perty under�he �erms of the Security <br /> Instrument; (b� is no�persona��y obX�gated t�pay the sums secured by this Security Ins�rumen�; and�c� agrees that <br /> Lender and any vt�.er Bvrrower may agree t�ex�end,rn�dify, farbear or make any acco�m.mQdations���h regard�fl <br /> the terms af this Security Instrumen�ar�he Note�v��hau��hat Accammada��an Signer's consent. <br /> Loan ChargQ�. If the �oan secured by �his Secur�ty Ins�rument is subjec� to a lav� which sets m�aximum. X�an <br /> charges, a�.d�hat law�s f�na��y in�erpre�ed so that the in�erest or o�her l�an charges co��ec�ed nr to be�ollected in <br /> cannec�ian v��th �he ��an exceed �he permitted �zm.�ts, then: �a� any such �aan charge shall be re�.uced by the <br /> am�un�necessary ti�redu�e the �harge to t�e perm�tted �imz�� and�b� any sums already c���ec�ed fr�m Borro�ver <br /> v�hich exceeded permitted iin�.i�s �v�l� be refunded to Barrower. Lender may chflose �a �nake this refund by <br /> redu�ing �he pr�inczpa� ��ed under �he N��e flr by m�aking a d�rec� paymen� �o Borr�wer. If a refund redu�es <br /> principa�,the redu�tivn v�rz��be treated as a par��a�prepaymen�v��thou�any prepaymeri�charge under�he N��e. <br /> C�24D4-�D13 Gampliance Systems,�nc.9F96-39FA-2413L2.0.721 <br /> Cvnsumer Real Estate-Se�urity�nstrument DL243d Page 3 af d www.campliar�c�systems.cvm <br />