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<br /> �• . . . . ' � . �' � � ` . _ -_ . . , c. .. (. ' �
<br /> ' , t `"_f__��.��.�_ . —�—_--. <_. --.__���� —__ —_— —_'__- — _ _ _._.—__—'_"__—_�—_ _ ' ._ __ _ _ .
<br /> . �. � . �, � , � . . �--�o��e� � � ; � . .
<br /> ("�' If'I.wder nq�'aea mort�e iasurs�as a cQnainan or.a�aicie�thr 1an sx�,:ed by this s�u�iqr In�trunrmt, � ..
<br /> -#� - - f- �arower shall p�y tfu praniwns reqafred to maintain the iastisrmce in e�`ect imtil such a�na u the requirenrtrit fa t6e . . - � 1
<br /> �insnrance te�tac in�nce rvitb Ho�ra�ve�':u�d Leader'a writua agament or applicaDte law. � �
<br /> i. Ii�tt�. I,+eader or.iti a�t may mvice rason�6k�etries upon and inspdetioas ai the Propaty. LRnder �
<br /> ���bi�l Sive Bort��otict at sbe time o�ar priot to an i�Ctioa sperifyiaE r�ble caeise for the ie�sprectioii. .
<br /> � ...� � � . !. �C.aiiewek�. Theprnce�e�s of aay��rd or chim for dams�es,dinct or ooasequmtiat.in coamsctian�vitb � .
<br /> - • a�r ca�damna�on os ai�a��any pa►c oftbe Prnperty.or for coaveyanoe ia lieu of condemnation,are bereby "
<br /> : . �:� a�ii�d�l�baUbepidwl�der.
<br /> � < . tn tbe eveat aF i totsl takina af the Yroperty, the proceods sba116e applied t�e�thc sn�ns socured hy this Socurity
<br /> '- . It�siruemot,`�rbetLer or oct.then da�w►ith any eucess pad to Borrmrer.In thc c�+:�flf a psrtial tafcin;uf tbe P'ruperty. ,
<br /> � � unle�aorTOnver aad La�der a?xs�eise aga ia�rritinny chc avms s•ecarad by this Sacaricy Instrumenc shaU be nduad by '
<br /> . ; , tLe amoum oP tbe peaCeads inu�tipiied by the folla+vin�fiaction:(t)the tota!aihottnt M the sums secured immaii�tely - .
<br /> bdo[+e t�e talcin�.dividod by(D}tbe fair markit value of tbe,Yroperty irnmedistotq bcfore the talcin�My baL�nce slnit be � . ,
<br /> ' . . : Prid to Bwro�er. ` ;.::: . .
<br /> ; , . �the�ropeay�a6�aaanod by Hotro�er,.ar i€,af�rno[ice by Lender io Bona�va that tl�e c�mdq�ros olfas to
<br /> m�ite a�sa�id ot settle s claim for damaaes„8orsa�ver fa�fs to rapand.t�.�.ennder Within 30 da}s.�t,r ihe dste the ttotice is:... .
<br /> , � ;..p+rm.I.ender is wtbasiud W collect and appl�t�ie proceeds.at iu ops��in,.eitl�r to restoraanr�a��epair of the ' °"�:�`'
<br /> �y�:>
<br /> � . �; totheswmsecun+�#ry�¢hisSecurityinstcVmdyt,��rhetherorriocthrndut:;. ; ,
<br /> Uaks�Lender arid Borrower othenvista;ra in�vrit�ng,any apptication of psrocaeds ta principal slull not extend or ,
<br /> :,=,:;.::.-.�._ , patponp t?yc due datc�af the ma�i;3�.�tymmts refertad tonnt par�gr�hs 1 and 2 ar.�aage thtasuount of socttpsymasts.. . - . ....T..- .. . _�
<br /> . "`" 10. Borrnrer�tat R
<br /> �; �t . ' , s� �a�bar�c�e By I.eader Not s Waiter. . Extensian cf st�e time for psyment ar.. .
<br /> � . ' . modi�iqiion of am�tian of the suma soc�nad by tbis Security I�st�umenc grazted by �fiGr to any`successor in �• .
<br /> , . �� � �i�ttrat ot Bosro�er��ail not opente to retcase the liabilitg of the originaZ Horra�exr,r Borma+�r's successors ia interes�
<br /> . i.e�r s�a:3 ac►t 6e roquired to c�mmettce proceedi»gs�inst any successor in a.:terest or r�ase tq ext+e�!wnc for . �
<br /> . � pytrsen[a�r.o�her�vizc modify amortiution of the sums seruned by this Serurity Instrument by reASan of any demand made
<br /> by titie oripnil Borrowec or HorroMer's successo�s in inierat.Any forbearana by Lender in caeres�ing any riaht or remedy
<br /> sluU not be a Maiver oior pmlude the ea�ercise of any risht or remedy. ,
<br /> . il. S�ee�roe�ri AMi�s 8o�k,lot�t ad Setent LWtlity:Co�tipers. The covenartts snd sarainents of
<br /> ' thisSecurity Insaument shsU binduid bene6t tbe successo�s urd usignsof Lender and Borrower.subject to tbegrovisions ' �•
<br /> � � ofp�asraph 17.BorroMer's covenants snd sgaments shsJl be joini and several.Any Borrower who co-signs this.Security , ��
<br /> � Instrument but doa rtot execute the Note:(a}is casigning this Securily lnstrumeni onty to mortgage.grant�nd convey ; _`.
<br /> tbat Boaower's iattrat in the Proptrty undet the terms of this Sauritx Instrusnent;(b)is not personally obtigated to pay �,�;
<br /> � � the sums securcd by this Serurity lasttument;and(c)sgras that L,ender and sny other Borrower may asra to extrnd. ,.
<br /> � modify,forbe�►r or mslce�ny�ccommodstions with reaard to the terms of tbis Secunty Instrummt ar the Note aithnut . '
<br /> � thst 8orroMec'sconunt. ' � "
<br /> 12. LoM t1�■r�e�. if the losn secured by this Security Instrument is subject to a law which sets maaimum toan
<br /> ; char�a,, snd that la�v is finally interpreced so that the interest or other lo�n chuga collected ot to be collertod in �
<br /> • eont�actiorl ruith the lan excc�d the permittod limits.fhen: (a)any such loan chsr6e shall be reduced by the a.mount —
<br /> � ; neea�ary to reducx the charse to the permittcd limit;and(b)any sums already collectod fram Borrower which eaceeded
<br /> ; perndtted limits wi11 be refundod to 8orrower. l.andet msy choose to make this refund by�educing the principal awed � �
<br /> ` ander the Note or by m�icin�a diract psymrnt to Barrower.Iia refund reduces princ�pal,the�editctian will be treated as a
<br /> ! p�rtial prepayment�rithr,ut�ny prep�ymrnt chstge under�he Note.
<br /> � 13. I.� A1�eeti� I,e�ier'� ttl�b. . !f enactmmt or eapiration of applicable Isws has the eRect'oi
<br /> renderin j any provision af the Nqtr or this�5ecuriiy Instrument unenforceabte accardmg to it3 terms.J,,en�er.at its aptian, �
<br /> m�y require immediate psyment in full of a11 sums secured by ihis Security Instrument and may invoice�ny remedies
<br /> � � permitted by puaSrtpA 19.If l:eadu esercis�s this oQtian,I.enda shaU take the steps specified in the second puagraph af �
<br /> partgnPh 17. ,
<br /> 14. .NM(ca. Any notice tn Borrower providod for in thisStcurity Instrument shall be given by delivcring it or by � �.
<br /> ; msilins it by fitst class mail unless applictible law requires use of anather methad The nattce shall be directed to the � .
<br /> ; Propeny Address ot any other addtess Bor�ower designates by not�ce to Lender.Any notice to Lcnder shall be givrn by
<br /> first class mail to L,ender's address ssated hercin or any other addras L,ender des�gnates by natice to 8or�ower.Any notrce
<br /> � provided f�r in this Security lnstrument shall be deemed to have been g�ven to Hnnowcr or l.ender when given as provided
<br /> : in this paraaraph.
<br /> , �S. G�erNiM 4w;5l�enbBlty. This Secusity Instrument shall be govetncd by feckral law and the law of the � �
<br /> jurisdietion in Mhich!he Praperty is fucated.ln[he event that any pre�visinn or clause of this Secunty lostrumrnt or the .
<br /> � Nota con}tiets with�ppticable taw,such eanAict shaA rsot aBect ather prnv►s�ons of this Sec:ur�ty Instrumtnt or thr Ndte
<br /> ' � which can be givto effect without the conflicting provision.To this end the prov�sions of this Security Inslir�rment and the
<br /> � , Nae ue deqlued to be sever�bte. � . � . �
<br /> 16. tbrrower'�Co�y. $orrawer shyl!be given orte canformed copy of the Aioie and of th�s Security lnstrument.
<br /> 17. 7'rarsla ot the Pro�erty or s&nelicitl tntsrtst in Borrower. If ell ar any part oP the Yroperty or any
<br /> � intetest in it is s,ol�or tr�»sferrt���fi if a bcncflcial interest in Eicirrower�s s�td ot transferred and f3orrower is nat a natural
<br /> • person}withaut Ltnder's ppor wruten ronsera,Lender may.ac its apuon.require immediate peyment�n ful!oP aU sums
<br /> � _ � ' secured by this 5ecurity Instrumtnt. HoKecer,th�s option shall noz �e�xerc�sed by I.ender if e�er�rse is prohib�ted Uy ________,_,__
<br /> � fedtrall�wasofthedateofthisS�xaritylnstrument. "
<br /> . IE t.ender exercises this aptri�n.t.ender shall give�artouer nor�sc of accrte;s�.�.�n.The notice shall prc»��e a period �
<br /> of not bexs th�►n 30days from the t�.t:e 9he notice is ddiverc�cr mailcd wrthin wh,c£�C3�;.rrouer must pay ali sums secured by '
<br /> _ s�is�:.��st3-trs3tr�m�~nt:�€�s�oa�er€a;is i6��i i#�t-s�surt�s{�sr tv�y�Eli�iifotiirii i�€tt�s�esi�:tc�tcirr�nap u�vuicc any _ . . "_
<br /> remedies permitted.by this Security lnstrumenc witl�ouf further nnure cs demand rn Bonnwer.
<br /> la.Borrowee•s�t to�Rtiastrtt. If Barroaer metts certain conditions.�vrruwer shall have the nght t��have . �
<br /> � enforcement of this 9ecurity instrument discontinued at any iirne pnor to tl�e earher oP:(a'I 5 days(ar such other pen�i su
<br /> � ' � applicable law rttay specify for retinstatemmt)beforesale of th=Property pursuant to�ny pow�er of sale conta�ned m�his
<br /> 5ecurity tnstrument;or{b}entry of a judgmtnt enforCiag this Stturity tnstrumenl thcne cnndiuons arr that Borrower:
<br /> (a)pays Lender all sums whicb then wdutd be due undet this 5ecurity Instrument eaei the Note had no acceleratton -e.
<br /> , ctceurred;(b)Cures�ny dtfault of any othet eavenants ar agreemrnts:(cl pays all eapenses mcurred �n enfotCtng thts �
<br /> 5scurity lnstsument.inrludmg. �ut not l�mited ta.rtasonable attorneys'fees;�ttd fdt�ffkes sueh arttt�t�a4 l.�tsdc;m�y �
<br /> ' rtuonably rcquire to assu.re that the firn of this Sccurity lasirument, t.ender's nghts �r, the Pruperty and Borrower's �.. s�
<br /> . ohligsltio�! to pay,the sums steurtd by tM� 5ecuqty Mstrument shal) canl»tue uncha»R�ei Upu�r re�ns[atement by
<br /> �� � 8ono�rtt.this 5ecurity Tt�strument and ehe ubl��ations secured hereby shb{t rerriain fully efTecu�e fss�f nri aeceieratrc�s had
<br /> . accurred.However,this right to retnstute shall nnt apply tn the caseof accelerat�on under paragtaphs 1 i�rr 17 .
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