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<br /> ,, ; _... `` L� P��S'ao loager be required.at the option of Leuder,if mortgage imviance covecage(in the amoum and for the periad � ,
<br /> �
<br /> �k �` that I.eader tequires)Pmvided t►Y an insucer appmved by I.�det again becomes awm7able and is obtained. Borrower�alt pay `+-£
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<br /> ° `-�` the preminms:equiml to maintain mortgage ins�uaaoe ia effea,or w provide a toss reserve,until the requiremeut for mort�age �Y °�.
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<br /> .a.'•,� '�-f�' 111311Tdi!'�.CII�.41II acxordance wIth�y.writte�agreemeat betaean Bormwer and Lender or appli�able taw. • `�
<br /> ;.,s< 4. IacpecHon.I.ender or its agent may matce reasonable�i�s t�on and iaspectioas of the Pi+npercy. Lender shaU give .;.<:;---�_��,�
<br /> . gi : �
<br /> -.�: ;::i' Bo:cower norice at the time of ar prior w an inspeaion specifying reasoaab3e cause for the iuspection. :°�•�. .
<br /> `�-F"��� n�Y 10.Coa�on.The pmoeeds of any award or claia► for damages. direct or conaequential. n with any � 4 r;.:4-_
<br /> ; � iu conaecaio ����,`':;'`:
<br /> t� ,C� conde�aaon or other taking of si►y part of the Property. or for ooaveyance in li�of wnderm�arion.aze hereby assigned and ;��,.;, •
<br /> shall be paid w LEnder. �.�-�c� �
<br /> - � b the eveat of a total takiag ot the Pro�tyr,the pruceeds shall be applied m the surns secuted by this 5ecurity Inst�umeat, ,, ._ :
<br /> ` ' " �'"�..`-� d to Borrower.Ia the event of a aRial takin of ttte Pro in wtuch the fair �� , • • ��
<br /> . �„�r.�r;.;�'.� whether or nat then due,with�Y excess pai P 8 P�Y �.._ '.< . .
<br /> ..,�:_ rr� �';oi .,�`.t:.�,,�.-:
<br /> �'"4� �,.���.-: market vatue of the Prnpeny immed�arely befoie th$talong is equal to or greater thau the am�ount of the swns sec�ued by t6is � '�:�:-:� .,
<br /> . � ,K � � xa .
<br /> -` �� Security►Instrumeat immedi�et�r before the teking,antess Bouower�d I.eader od�crarise agree in vu�itiag,the sums secu�i by � �,, .A
<br /> .��-�.` � ,:'� this Security Iastr�ment shall be tednc�tl by the amouut of ttte proceeds mnttiplied by the foltowiag fraixion: (a)the total _ �z`- • .,.,.,;:
<br /> � r`::�.:•. . : �
<br /> .�` . amonnt of the snms seauod immediately before the taldng,d�vided bi+ (b)the fair market value of the Property inanediasely , �. ::
<br /> . ;�` •�.,�,.., ,,,, ..:����
<br /> .f:� � � .; before the ta�g. Aay batamce shall Ue paid to Bormwer.In the ev$nt of a partial talang of the Propeity in wtuch[he fair ` bE` '� s '
<br /> �`� market valite of the ProFenY Immediase1Y befoze tke taldag is less than the amomu of the sams seaued immediatety befare the .� f`' �
<br /> `..: : .••� takiag, unless Boirower and Ix.nder otheiwise agcee in writing or unless applicable law othetwise pmvides,the prnceEds shall ':� .t .;`
<br /> ` � •� �; be agp}ied w the sams sec�red by tius Secaairy r..a,r��n,�,t whether or not the snms are then dae. � F< '
<br /> -...��: . :.,� If the Property is abandoned by Boirower.or if,after notise by i.ender to Borrower that the condemaor off�ss w make an _,. �' �"-`
<br /> • �. award or seule a claim for damages, Boaower fm7s w respoail to Lender withia 30 days aRer the date the notice is given. F�� s f,Q_
<br /> � ' � `�` L�der ia muhorizEd w callecx and apply the pmcetcls,at its option.either w reswration or repair of the Pcapeny or to the sums ':
<br /> _ - u"., �
<br /> f: �.` seQUed by this Secaitlty I�rame�t.whether or aot then due. ��� .
<br /> Unless Lender and Bomower otherarise ag�ee in wribnS, any aPplication of pmceeds to principal sLaU uoi extead ar .� `f,':�.
<br /> _ - .. �. - - posipone the due date of the umnthiy payments�femed w in pa:agraphs 1 and 2 or cbaage the amount of sach paymeats. ..'�'•'`��`�` �_
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<br /> - 11.Borruwer Not Reteased;Forbaseuce By I.ender Not a Waiv�:Extension of the time for paymcnt or mndifuation :: ��
<br /> � ' �°'' : '" ° of amortiration of the sams seco�d by this Seeurity�COmeat granted by I.ender w any suooessor in intetest of Bormwer shall _ ', "� �.°---
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<br /> .. �� not operate to release the liabilin+of the otlginal Bosmwer or Born�wer's suocesso:s in iatesesc. Leader shall noi be requited to ....�:� _
<br /> . .�. .:�°� ��eace Pmo�gs against anY s�ccessor in interesc or refuse w e�uwd time for payment or oth�wise modify amori�auon `��•: ;`
<br /> �. :.•. �:-.-
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<br /> pf 1he s�ms �d fyy this Security Insumaent by reason of aay demand made by tLe original Bonawer or Botrower's `` °� '
<br /> . ;t- .,. ai Y .-:
<br /> • saccessors in intecest. Any farbearance by LeucLer m exercising aay r��ht os retnedy sLall aot be a waiver of or preclude the .: ,r
<br /> _ '` exercise of atry right or remedy. � I' —
<br /> . 12.Saooessu�and Assfgns Bound,doind and Sevesal Llabitity:Ca-�ners.The covenants mid agreEmenrs of this ',., ��.••_-
<br /> _ �..���-:..>�,�=
<br /> Seauity Insdvment shaU bind and benefrt tUe suecessors and assi�s of Lender and Borrower, subject to the pmvisions o f
<br /> _ b'j P��Ph 17. Bosower's coveaants and agreemeats shaU be }oint and scveral. Any Botrower who co-sigas this Security ` f..•�`
<br />.�'�,. . • In�ueat but does not execute the Note: (a)is co-sigavag this Security Instrum�t only to mortgage,gant and camey that �. ;�t._.;
<br /> - - Bormwer's iatecest m the Property under the ternu of this Security I�tzumeat:(b)�S nnt personally obligated to pay the spms �;
<br /> secared by t�ia SecarIty Insuument;and(c)agrees tbat I.ender and�y other Borrower may agree to e�tend,modify.forbeaz or T * �.��
<br /> • � '.:.f make a�r accommodadons witf�regard w the cerms of this�writy Iasaument or the Note wlthout that Borrawer's consent. ,� :..: ';`;:,�
<br /> • -�::.,:'� 13.Loan Charges.If the toan secured by this Secur�ry Insutmieat is subj�t to a law which sers maximum toaA chaorges. "�, .�`:;.�_`"s�,_
<br /> - ' `,} and that law is finally iuteipreted so tbat the interest or other taan cbarges coltected or to be colteaed in connection with the � �.::;,� �'-
<br />, ; � ' '.. :.� ,,, . . ;�s�._
<br /> . . ;; �loan excced We pezmitted limits.then:(a)anY sucb toan charge shall be mduced by the amount necessary to reduce the charge , . - -
<br /> � �.::y{ to the permitted limit;and(b)anY sums alreadY coltected fram Botrower which eaceeded permitted limits wlll be refunded to �f�,
<br /> . ' ,. • � :. . . ' Borrawer. Leuder may cl�oose co make th�s refund by reducing the prjncipal awed under the Note or by making a direct �
<br />- �.7:�•! - '.G���
<br /> .. ' :• �.:: payment to Borrower. If a sefiu�d reduces principal. the nedua3an wiU be treated as a partial prepayment wIthout anyr -.
<br /> - �, _ ne : <� -
<br /> . •:� PRPaYm�nt ch�8e under[he Note. ' �-
<br /> ' �''.:7; 14.Nottas.Anyr notice to Bomawer providcd for in thls Security las[cvment shall be givw by delivering it or bq mailing - - . .-
<br /> ' -° , it by first class mail unless appl�cable law re�uires use of another methad.The notice shali be directed to the Propeny Address :�:';:`.:"'.� _
<br /> "..,. � .';,,;; or aay other address Botmcver designates by notice to Lender. My noace to Leader sLall be given by first class mail w : .,�.;..,.:.•��;::
<br />-- . � . .',•<� l�nder's addness stated herein or any other aQ�ress Lender desigaates by notice to Borrower. Any notioe pmvided for in this : .,..;�..
<br /> . .,_ .
<br /> �. ;.s Socurit3+Iasuument shall be deemed to have been given to Borcower or Leader when given ag pravided'm this p�ragraph.
<br /> ,. '-_',`° I5.Goveming Law; Sev�ability. This Sowriry lat�uwnent shall be govemed b}r federal law and the laa� of the .
<br /> ' " juiiadicnon in wlricd tLe Properry is located.In the eveat that�y provision or clause ot this Se�uriry tnstmment or the Note ��``
<br />_ � • oonfllcrs with app}icable laa+.such conflict shall not affect othes provi'sioas of thia Security instrument or the Note which caa be .` '
<br /> � � given effect wi�hovt the oontlIcting provision. To this ead tte prnrisions of this Securiry lasuument aad the Note are declared �
<br /> � `. . to be severable. . • •� •
<br /> .� „ . ' � 16.Horrower's Copy.Borrower shall be given one coaformed copy of the Note and of this Security Iaswment. '"��'
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