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<br /> �i�` - �` payments may na longer he requi�ed,at the optioa of Leuder.if morcgage insucance coverage(in the arrwwu and far the periud :Y: �" .ry =�`..�
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<br /> .4.�., `,`.:?z that Latder zequires)Provided by an insurer approved by L�der again beromes avaitabte and'u obtaiaed.Borrower shall pay ° - -�.� .
<br /> , �. � :_,F..:,� the pnemiums requiied to maintain mortgage insurance in effect.or w pfovide a Ioss reserve.imdl the requi:ement for mortgage ,;n�`i�:::s���:�;��:L
<br /> F � �`� insutaaoe ends in a000rdaace with aay wtitteu ag¢eement betaew Borruwer and Leader or appllic�bte law. C� �o o-: � �
<br /> < �`'� ' �° t 9. Inspec�ioa.l.�der or its ageut may make reawnabte wtries upan and inspectionn of the Prope�ty. L.ender shall give � � ��r u !
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<br /> `�Z �`=�• B o r m a v e r n o t i ce a t t h e ti m e o f o r p r i o r t o an m s p e a i o n s g e c i f y i a g r e a s o n a b l e c a u s e f o r t h e i n s p e�t i o n. .. .°, .�.`
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<br /> � _ - 10. Coudemnatlnn.The proceeds of any awatd or claim(or damages.direct or wnsEqueatial. in caanecxion with aay � :`"r`;- �.- : ..._.
<br /> : 'f.; .4a-,•.4�.
<br /> .. `� ;; condemnation or other taldng of any part of the Propecty,or for ooaveyance in lieu of coademnation.are heteby assigued and �., � �` °i;
<br /> 4'� st�ail be paid w Laider. � �
<br /> _y— `= In the everu of a wtal taking of the Progerty.the proceeds sI��all be applied to the s�ims sec�ued by this Seauiry r ,me.�r, � �.- ` ` "
<br /> �. �; '�
<br /> <:";..�,�...�-�:� whether or not then due.a+itd any excess paid to Bomuwer. ln the event of a partial taking of tite Properry in whicb the fair =� F =
<br /> ' .`°. < market value of the Propert�r immediasely befom�tte taking is equat to or g�qter than the amouut of the sums sec�ed by this � � �:;_� ,;,-_
<br /> � ~ f ,° 5eauity Iastcument imme�iately before the tatang,ualess Bornower and[.�ada otherwise agree in writing.the sums stxuted by ` �' -
<br /> � °� �his Secarity �ostmm�em sbatl be� by the ama�mt of the pmceeds mul�plied by the following fraaion: (a) �he eo� < � `
<br /> , 4,.,: _ .
<br /> - ' amount of the sums se�vned immediatety befoze the�akin divided (b)ihe fair�value of the Pco erty immediately °'_- ',;``:`''.:'.
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<br /> , . � �- befote the taking. Aay balanoe shall be paid to Sorrower.In the eveut of a partial taking of th,e Property ia which the fair , � ''
<br /> . .s-�`- market value of the Pm befon the takln �s less than the amount of the so.ms secnied immediately before the ,...,�-... :F. :�:
<br /> • PertY immediatetY 8� :,Y;;•.: �, -
<br /> - w�'�� raldng,unless Bomuwer aad Londer ottserarise agree iu writu►g or untess applicable law otherwise pmvides,the pmceeds sdall .,�.��,.<:'�: � '�
<br /> y I be applied w the swns secured by this Securiry lnstrament whet�er or not the s�ms are then due. '�` -`.
<br /> ` If tlte Propetty is abandoned by Bonowec,or if,aftEr notice by Iender ro Borrower tbat t6e condemnor offers to make an `� ''' ���''
<br /> - � ..._ ._4 .
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<br /> :.,` ,���. - award or seuie a claim for damages. Borrower fa�s to respond to Lender withm 30 days aher the daze the notice is given, -- ''�`v��,-
<br /> i,:_ � , '.��`` Lender is amhoi'ved to ooBect aad apply the proceeds,at ita option.either w[eswration or�pair of the Propecty or w tlte sums -�''
<br /> secuied by this Secariry Instrumeat.arhether or not tHen ctae. '
<br /> . .- . ._ Udess l.eader and Borrower othecwise agre� in writmg, az►3+ aPPli�ioa of pmceeds to principal s6all not extend or ' ,�„�:.;::,�:=.:..---
<br /> '''.".` ' ' �'t ponpoae the due date of tt�ee monthiy paymeats referred to in ga�raphs 1 and 2 or c.ttange the amoimt of sudi payments. i''".�, �=
<br /> ` 11.Borrower Not Rdeased;Forbesuaace By I.��er Not a Wafv�.Eateauon of tt�e time foc payment or modification �h � ` "
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<br />..:<< :`• . �, •"y ' of amomratian of the sums sesvred by tl�is Secority Insuome�graaaed by Lwcyet to a�r successor in interest of Bomawer shati �-!�•... —
<br /> :t: . . , ,.;'
<br /> _ � aot opesate w 4elease tlte liability of the original Borrower or Butrower's succESSOis in interest.Lender s0all not be requi�ed'w ,; . . .
<br /> �;'.� . � :.:, e �: �. _-
<br /> x:...�;:! �,...T-`�;= commence proreediags a8amst a�r successor in iaterest or refnse to extead ome for paywent or othe�ise madify amortization .,..:.�. :�
<br /> `�.�_:��;-
<br />_ - . :..,`�-;�t'•- of the sv� seaued by tLis Secority Insaume,ac by z+eason of a�r demand made by the original Bomawer or Borrower's - •.-��f`--
<br /> '• - sucoessois in interest. Aay forbCaraace by lender ia exeicising any right or remedy s6a11 not be a waiver of or preciude the _ :_..:-
<br /> + execcise of any rigbt or remedy. r`'��`
<br /> _ . lZ. Saeecxsuss aud A�Boand:Jotat aud Several I�abfltty, Co�ignws.The covenants and ag�aneats ai this
<br /> T . _ Serauity Instrameat sLall bind aad beae8t[Ae successors aud.a�.sigas of Ixadcr and Eormwer. subject to the provisions of . ,
<br /> , • �.
<br /> , . . � paragrapL 17. Bormwer's caveaauts and ag�eemwts s�aU be joint and several. Any Boirower wLo oo-sigas this Security `.` ��
<br /> Iastmment but does not ex�ate the Note: (a)is co-si�niag tbis Securiry Instrument onty to morcgage, 8rant aad convey that .:`��w�`:`�: ..
<br /> -- .•`��� Borrawer's interest in the Property under the[erms of this Secaritq Insuumeat; (b)is not petsonally obligated w pay the sisms ,:u�: :``i _ _
<br /> `>:��w.�:�.. • sec�ue3 by this Secariry Insts�meat:and(c)agrees tLat Lender and aay other Borrower may agee to extend,madify.fosbear or - �.-,4 ;;�;_�,�
<br />,;tt`. - :.>�``� make any aa�ommodatiaas witb regard to the terms oi this 9ecurity Ia�sament or the Note tvitho�ibat Botmwer's consent. . ���t., ���
<br /> �,�. , • I,:. _ 13.Lamn Chaiges.If[he loan sec�ed by this Secority lasuumeat is sub}ect to a laar wtuch sets mazimum toan charges.. . '':".•�:�`
<br /> - . �' aad that taw is twally iateryreted sfl that We iacerest or other to�c�arges aulteaed or to be wllecud in oo�ection with the ' :, :; ���-
<br /> - . ' ..��,.4. '�Y:� '
<br /> . toan ekceed the permitte�limits,then:(a)anY sach to�c6arge shall be redoced by the amoum uecessary to reduce We charge _
<br />:,;:��.� � . • :; to the peimitted amit:and(D)anY sums tilready collected from Bmrower whIch e�[ceeded permitted limits ariU be refiutded to .• —.-
<br /> � `�. . - Bom6wer. Lendec may choose to make t6is refund by redueing the principal owed mider the Note or by making a direcx • '� --
<br /> } ' ...;'�'� payment to Borrower. I!a refund reduces priucipal. the reductioa wiU be ueated as a partial prepayment without any �; ;��4�
<br /> ' ' :>�'� P�DaY��&e uader tLe Note. , - ,��
<br /> 3 �:•,:�' 14.Nattces.Atry notIce to Boaower provided for in this Secartty Insuumwt sha11 be giv�by deliveriag it or by mailiag . �
<br /> . . . �.� • it by fiiss class mail unless applicable law requires use of anather methud. The notice shatl be dinected to the Property Address . �. " . �, _
<br /> -- � , . ar anyr oil�er addmsv Bor�arer d�sig�ates by aotice to Leader. Anyr notice w Lender shaU be given by first ciass mail w ',. " . •
<br /> _ .;... �''`� Leader's 2dd�ress stated hereln or any other address LeBda desigaazes by aotice to Borrower.I1ny mttce provIded for in tbis .
<br /> `�` � " 5�uiry tnstrument shall be deemed tn ltave been given to Borcower or Leada when given as provided in this paragrapb. , ...:�;����,...-
<br /> ;ti�. . �:�. 15.Govemtng Law; Severability. This Security Instrument shall be gwemed by foderal law and the law of 1tt� ,
<br /> `: :' . : -''�= jarisdiction in wluch the property is tocated. In the event thaz aay provisian or claase of eDis Security lnstn�ment or�ke Note .. . � :< <�.
<br /> �;=� ..'•. ' � � coaflicts with licable law.such conftict sdall not affect other provisions ot this Security fmstrument or the Note whisb can be . . - ...>�:,
<br /> `•'� � �' � ,y givea eNett��thoui the wnAicdng provisioa. To this eud the provisioas o!this Secnrity�*+�me^+aad the Note are declared ' '�
<br /> ;- . .. ...,•�:.�t .. ._. .;: .
<br /> .. <.� to be severabie. .
<br /> �;��•',� . :'f 16.Borroaer•s Copy.Borrower shall be given one confommed wpy ol�he Note and of Wis Security Insnument. • . .�
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<br /> :� Fortn 3028 4:90 •�� . ;�
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