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<br /> .-.�.,.: � �: `:��,'. at the option of Lender, i{nnortgage insusanoe caverage (in the amount aad fos the period that Lettder requir�) s, �,?> �. �.
<br />-,n;u��:- Z-:�:�..r. prov'sded,by an insuser appmved by Lender apin becomes avaiiable and is obtained.Borrower shal!pay the precniums �' � .r �:..:?:._:
<br /> . .: .�„=....tr... `��"�=`r"�:::-,--
<br /> �c��_:•4 ,.. ..,. required to ntaintain mort�ge ins�uance in effect.or w provide a lass reserve. until the requirement fas mor4gage t� �:=
<br /> . �..�;.`£ `.< insutance ends in accoidance with any cvritten ag.-eement between Borrocver and Lender at epplicabte law. ,f�, :i:=
<br /> r •> '�' 9.Inspection.LenBer or its ageut may make reasonahle entries upon and inspections of the Property.Lander shall - .,
<br /> k � g'eve Bortocver nuhce at the tiine ofbr prios w an�inspecEioa specifying ressonabte cause fot the inspection. . `�`��T t r;:;
<br /> ``..`' -• :�°���= 1 0.C a n d e m n a t i o n T h e p ro�e d s o f a n p a w a r d o r c l a i m for dam a g e s,direct or c a n s e c}uentia3.in connecciotl rith ° S� �` ,
<br /> '`�-``:�=�'_-`` '�� any condemnatioa or other takinS ot an,Y P�of the Property,or[or conveyance in lieu of vondemr�ation.are heceby R=`.`:`:R.�;6`�T<��'.,�r:,
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<br /> , u ,;, 8�1g[iCd 811d 8T18j��7e p'did t0�ItdCl. ` � �
<br />,:,.;�; .:��:� < ��"r In the event of a total taking oi the Property,the proceeds shall be applied to the sums sectmed by this Sec�rity �;.�` ` �y�
<br /> . - C 41. �• �f
<br /> •� �--t' - lnst,rument,whether or not then due,with any escess paid to Borrower,ln the event of a Bartial taking of the Wnpercy in � _
<br /> ���.� which the fair market value of the Prope�ty immed'iatelq before the taking is equal to or greater than the amount o f t he x� , � - -
<br />- -�� sums secured by this Secuaty In.strumeat imme+diately before the taking,unle�Horrower and Lender otheraise agree t`-�- ,_`"
<br /> .��; -,�-- - ..� �
<br /> `;t � �� in wtiting,the sums secured by this Security Instrument shall i�reduced by the amount of the praceeds muitiplied by �' � �' '.
<br /> � ...-�_��.� the following�'rsaction:(a�the total amouitt ot the sums secured immediately before the telsing,divided by (b)ths fais h,' .!�. _,�.:
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<br /> � markct value of the Ptoperty immed'sately befose the taking.Aay balanae s1la11 be paid m Borrower.In the event of a r _, � .,.��
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<br /> `� ` ,=.�_'.�: .:>. partial taging oi the Praperty in which the�ais matket vatue of the Propercy immediately hefore the taking is less than ::.,r�..,:_`:.,��>_��.�
<br /> ;''-,y`t'�, ..: .` � ,:� the amount o€the sums secured immediately before the taking,unless Borrower and Leader otherwise agree in writing ��.;,u�:�G':�:�'<
<br /> �t or unless a licable law otherwise videa. the Ptac,e�Ls shalt be applied to the sums secured by this Security � °-,4 :;
<br /> , L: f r;`�� Instrument w�hether or not the suens ate then due. � '°`
<br /> �` I{the Property is abandcmed by Borrower,ot if.after notice by Lender to Botrower that the condemnot offers to ` ° °�t�
<br /> .� N�;
<br />,-�`.`..�=.: :..�_,�`�� make ass awasd or settle a claim for damag�, Borrower fails to tespond to Lendec within 30 days after Me date the � _�'�� .
<br /> t�-.
<br /> '. '; :,�:. "°�;�.�;�; notice is given.Lender is authorized to cotle�t aad apply the proceeds�at its option,eitherto re.storatic�n or repair ot the -,".:,-:�;-,-. -
<br /> ' � F, q.`'�' propercy or to the sums secvred by thts Security Instrument,whether os rsot then due. s� f�-
<br /> - �',�._:t�:::.. Llnlesa L.endee aad Borrower otherwise agree in writing.anY apglication of proceeds to principal sha11 not eatend or :: _.,..,<<',
<br /> v t � ''.�'' postpone the due date oi the monthly payments referced to in �rasagtaphs 1 and 2 or change the amount of such :_ � :�
<br /> °�=�.•:,,;,�,:;�. , • _ � F ,
<br /> PaYments. . ,
<br /> ' ' �`-`~ 1i. Horrower Not Released;Forbearauoe By I,eader No1 a Waiver.Extension of the time for payment or : ,;,,,:,�:
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<br /> �=�;�:;,4�.: =`�;:�;rt madi�cation o�amortization o4 t.he sums secured by this Seivriry lnsttument gaated by Lendet to any saccessor in ;,i:,:�::''^::_�
<br /> ;�_�- intetest of Boscower shall not opetate to release the liabitity of the original Borrower or Horrowet's suecessow in f _t•_; � ��
<br /> },.ro :TliMY interesc.Lender shall not be requited to commence proccedings against any aucceasor in interest ar reiuse to eatend , �. t �_T
<br />�<< ' r � :�-` time for psyment or otherwise m4dify amorqr.dtion of the suma secured by this Security Instrumast 6y reason of.any • �,,�,
<br /> � �'�` demand made by the original Borruwer or Borrowej's sucvessors in interes�Any 4orbearauce by I.endec in asercising r� '-`-�'
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<br /> - �: :.:.....::.::1' anY right or remedy shall not be a waiver of o�preclude the esercise of any right or remedq. .
<br /> 12.Successors and Assigns Bouad:]oiat aad Severa l L i s b i t i t q;C o-s�gners•The co�enants aad a g r e e ments ` '�.
<br /> , ' `F .;�,;z of this Security Instrument shalf bind and banetit the succe�ors and assigns of Lertder and Borrower,subject to the ,,.:
<br /> provisions of paragraph 17.Horcower a cavenanta and agreements shall be joint aad several.Any Borrorve�'who co signs _
<br /> � � �:�,r this Secvrity Instrum�nt but does not axecuta the Not� (a) is oo siSning this 5e�uriEy I�stnsment only to mortgage, h � ---
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<br /> gtant and onnvey that Borrawer's intes�est in the Property undet the tertns of tbis Security Iastrumen� (b) ia not ' � .N�
<br /> p�ssoaally oliligated to paq the sums secured by this Secutity Instrument;and (c)a�that Lender and any othee � �r ��
<br /> � �� Bortower may agree to extend madify.forbear or make ar►y accommodationa witfi tegard ta the tesms o4 thia Secucity . `• ;
<br /> � `l� °L Instrumeat or the Note witflout that Borrowec's consen� ' � � '' _
<br /> ' �f. �� �'� � 13.Loan Charges.If the lomn secured by this Secutity Instrument ia subject to a law which sets masimum loan .
<br /> � . . { � ' charges.aad thet law is�inaUY interpreted so that the interest or other toan charges oollected or to be cultected in •• � �;
<br /> �.:. . ,, .�. .i �� -
<br /> conne�tion cvitA the laan exceed the permitted 1im9ts,then: (a)any such toan charge sha11 be recluced by the amount
<br /> - . nece�ary tp reduce�the charga to the perm'stted lirnit; and (b) any sums already cvllected frnm Horrower Nhich .F':� �.:��`-
<br /> `���'�-''' '�� esceeded pesmitted limits will be refunded to Bonvwet Lender may choose to make this rePund by reducing the ':�.�:�:
<br /> �5.:�� ,. :.' '•< principal owed under the Note or by malting a dirert payment to Bonvwer.It a refund reduc�s principal.the reduction •`:, ��,.•-_
<br /> - will be ttratedas a partial prepayment withaue any prepayment charge�mder the Note. :��J� ' �
<br /> � ` ' t4.Natices.Any notice to Bnrrower provided tor in this Securiry Instrument ahall be g'�ven by detivering it or by �':�'�:� --
<br /> - ' � ��',�-.; maiting it by first class mail unless applicable law sequisea use of another naethod Tha uatice�hali be ditected w the - - _-
<br /> _ ."`,.,.: ,. property Address or any other addresa Barrower des�gnates lsy notice to Les�der.Any swtice to Lender shall be given by „`�,�
<br /> `'`'� � � ��- �rst clas.s mail to Lender's addr+��a stat�herein ar any other address Lender desi8nates by notice to Haaocver.Any ��� '
<br /> ����:� .:. . . .. "" :,•,,,.'�.::
<br /> _ � ;'.'�''`. � notice pmvided for in Yhis Security lnstrument shall ba deemed to have been given ta Borrower or Lender when given ,.��.'�%
<br /> ;.. �_ . _ as provided in tAis paaagaph. •
<br /> ;���;- -�� � �I� 15.�Governing l.aw;Severability.This Security lnstrument shall be governad by federal law aad tha law of tt�e „ .
<br /> '' ' °: -�. • jurisdiction'sn which the Property is located.ln the event that any provision or clause of thia Security Instrument or the
<br /> Note cottilicts nrith applicable law.such conflict shall not aff�other pmvisians of this Security Instrument ot the Note
<br />�'t �.� ' •_' which can be given effect without the wnflicting ptavision.To this end the provisions of this Security tnstrurnent and � .. .
<br /> _ , the Note are declared to be sevetable. . � � � .
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