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<br /> ' '� • tsma no be atthe of Lender,if mo insuranceoaverage(in the amountaadfor the eriod E : � : Y <°.;
<br /> _ ' . : PaY� Y I�r �4� oP�°a rt�g�e -.... . _
<br />_=�:�:`, .:�: that Lender reqvites)Pro�ded hY an�uer aPWavedbY Lenderagaia becomesava�7able aad is a�riained.Borrawersha I pay �. ' <
<br />� -� . _ . `�' the premiumsrequiredto maintammortg,ageinsurancein effe�x,or to pravide a toss reserve,�mtil the requirementfor mortgage . "
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<br /> �.`` . ` t iasurance ends m acrnrdance wii6 any c��rttten a�reement bstween Bosrawer�d LQnder or applicable law. � s
<br /> �',- { 9.Inspe�4ton.Leuder ar its agent may make reasonableenuies upon and inspedions of the Property.I.ender shall eve `_"'._
<br /> �+ _;� Borrower notioe ai the time af or prior to an inspection spe�ifjring seasonable cause for the iaspedion. ` .
<br /> --'- - ----- -- �
<br /> _,�:_ • ��� 10. CondemmaHan. The proceeds of aay award or daim for damages.d'uect or coasequez►tial,in connedion with any - -_.-_ - _
<br /> �'� `-: - `�,- � �'- wademnationor otlier taking of any part of the Property.or for conveyauce in lieu of condemnaEion,are hereby assigned and `
<br /> `'�'.- �` `-�-...``'.-", -:1 shall be paid to l.endee. . '� `�
<br /> � .
<br /> �.- -< -. In the eveat of a tatal talQng of the Property,the proceedsshall 6e apptied to the sums securedby this Secuciry Imtrument, , . -
<br /> T-�; • �`� whether or aot thea due,with an}r escess paid to Borroaer.In ihe event of a partial talung of the Praperty ia whsch the fsrir �_� � �
<br />' '�;` . _ ' =:� marketvalue of the Property imme�atetybefore tt�e ta3�ng is equal to or gceatertf�an the aneooat of the sums sesaued iry Wis �.:�:�.�_ : `;�.
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<br /> - =;,=r. ..��� ' `�: Securit�rinsuumentimmediatelybeforetbetakin�,�essBoaaweraadl.eaderotheiwiseap�reeinwriting,t6esumsseauedbY .
<br /> � �� " ,f this Securii�r Instrumeni shail be reduced by tfie amoimt of tlse praceeds mul6prsed by the following fradion: (a)the wta! .
<br /> amount of t6e snms secured immcdatelybefore the ta[sing, divided by(b)the fair market vatae of the Property imm�diately �" -
<br /> � n. _ ---=°+ ociasc tae ia�cieg..�+a�r�sium i�puiu ar iw,yuwr,,.L,:L�z:�w uf a�.-Ga: -i.�'::yy:,,f:�:.°:,�cfi�ia N�•�°� .
<br /> ��h; '_ • �_ :
<br /> $� _ - . , - �"f:€`; marketvatue of the Propertyimmed'rateiybefarethe tatting is tess thanthe amo�mtof the sums seauedimmediatelybefore t6e ^ " `,.
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<br /> < <� f _ anless Borrower and Lcader otherarise agcee ia w ri ti n g or�s applicable taw otherwise provides.the praceedsshall � ,
<br /> 6e app�W the sums sec�ed by tlris Seauity Instcament arhether or aot the sums are ihen dae. ` ���:
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<br /> 'Q' :: . If the Property i�abaudauedby Borrower,or i�aher nntice bq Leaderto B�rowertLat the candemnoro�e s s to m a k e a n _';.�,,,�-'
<br /> ';� i-- . . , award or setde a daim for damages,Borrawer fai�to respaa,d to I.ender within 30 days aftes the daie the notice i�given, - - - ` -
<br /> •'r'":.�.
<br /> .. • Lenderis authorizedto coIled andapgly the praceeds,at its option,either ta restoratio�sor repair of the Propertyos to the sums �:,
<br /> .,�;' • . secnred hy this Security Instiumeni,whether or noi then dae. _: '.' ' .%'�;,�
<br /> , Untess Leader and Borrower otherarise ag�ee in writing. anY aPP�ication of proceeds to principal shaU noi e�ead or , r ' ` f
<br /> -- - ....,. _ ,_ gostpoae the due date of the montWY PaSm'�eats referred to m paragrapLs 1 and 2 or c6ange the amount of such paymenLs. T ,�`
<br /> �. ` - � ', IL B o r r o w e r Not R c 3 w s e�Fo r b e a r a u c e B y L�n d�N o t a W a t v e r.F s t c n s i o n o f t h e ti i m e f o r p a�m e m a r r a o d i fi c a t i o n '`
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<br /> .�,: . .�;'' of amortrzarionof thesums seWredby this Securi�r Instrumentg�rantedby Lenderto airy sacoessoria ieterestof Bomuwershall F�'.
<br /> .�,L• _ ..
<br /> uot operaiew rekasethe liab�ty of tbe origmal Borraweror Bormwer's sncoessors iu interest.I.e II d e r s h a ll no t 6 e req�ir e d t o , ->:�;;�,�;:'=ry,,;
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<br /> � ,; �. •� oommenc�epraceedin�ag�uagt an3►saccessor in i�pterest or m,�nsew eatend time for gaym ,
<br /> � -.. . . «:
<br /> � ` • of the sams secared by t6is Seaaity Instsomeni by season of any demand made bry the ori�aal Banower or Borrowe�s :. .
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<br /> � ,. � � sncceswrs in intes+est.Anyr forbearanceby Lender in exercising anY right or remedy sUali aat be a a+aiver of or preclude the _ .':'+�' %.:-.
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<br /> _ e�rcue of aay right or remedy. L� .�
<br /> � �`; l2. 3aca�essorsaad Asstgas Bo�d: Joint aad Sereral Lia6iltty; Co-slgaes's. Tbe covenants and ag�eementsof this '1 ..-
<br /> ,, , . . .
<br /> : - Securiry IaSb ument shall bind and benefit the s�ccesso�s and assigtLC of Ler�der and Barrower,subject to the provisio�of u •-� ;
<br /> �''" paragaph iT. Bonawe�s cm�enants and ogreements shalt be joint and several. Any Borrawer who co-ssgns tbis Securiry •
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<br /> �,�:,': � � Instrumentbut daes not execute the Not�(a)u co-signiag this Secarity Instrumenton[y to mo t and con t6at :
<br /> Bonower's i�erest m the Property under the tecros of this Security Instrame�(b)is Qot pessonally oblig�ted to pay the sums ';;:
<br /> .��:��Y,"! , . � � sec�uedbyt6isSecuritylnstrument:and(c)a�teesthatLenderandanyotherBorrowermayageewe�end.madifj►,foTbearar - . :� �;-.;
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<br /> make any acoommodatioas with re�ard to the terms of t6is Security Instrument or the Note without that Borrower's consen� , .-
<br /> .�;I^,. . , � 13. iAan Cha:ges.If the Ioan secur�dby this Security Iastrumentis subject to a laa which sets ma�dmam toan c6arges, •�.�;:::
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<br /> 8�;:'.:, � . and that!aw is 6nally intespretedso tbat the interest or ottier loan cLarg�s cotleded or to be callected i a c o n nedioa�vitL tbe �..;i�. �� _ `-
<br /> ��' , - toaa excced the permittedtimits,then:�a)an3►such toan c6arge shall be reducedby the amountuea,'ssary to reduce the char�e ._ ; . '. �''.
<br /> ::'_� . . to the pesmiitedl'�aut;and(b)anY sums atready wlleded from Barrower ahicL exceeded permittedlimits wilt be refundedto
<br /> �i' ;. . .
<br /> , . Borsawer.Lender may cLaose to make this sefund by reducing the prinapal owed under the Note or by making a direct
<br /> R.:;;...;.� . `.� payment to Bmrower. If a refuad reduces princi�al, the redustioD wiU be treated a5 a partial prepayment withoui suy .. . .;
<br /> 1 piepayment cbatge under the Note.
<br /> ��>,•�>� , � , ,� 1Q. Notiaes.Any+notice to Borrowerprovided fos in this Secnrity InswmentsLall be given by delivering it or by mailing ..
<br /> �-��`' ' ' it fust class mail ualess a hcable law re uiresuse of aaothermeWod.The notice shall be direcxedto the PropertyAddress
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<br /> y�3:. � . or any other address Borrower designates hy notice to Lender.Any notice to Leader shall be given lry first class mail to
<br /> �• , � � Lender's address stated herein or any other address Lender desi�ates by notice to Bonoarer.Any notice provided for in this .
<br /> ��:=: ' Secarity Inswment shall be deemed to have been given to Borrower or Lender whea given a5 provided in t)�is Qazagraph.
<br /> 'DI:-3 _. :� . . . -, iS. Go�erning [nw; SevembUity. This Security InsErument shalf be gov�rned by federal law aad the !aw of the . _ . �
<br /> ���1'`'�`�� . . � jurisdiciion in whic6 the Property�s located In the event that any provision or dause of this Security lastrumentor the Note •,
<br /> �•- � _� coajlicts with aQplicable law,such conflict shall not affect otherprovisions of Wis Seeurity Instrumentor the Note which can be
<br /> � ';• given cffed�vithout the coaflicting provi5ion. To this end the provisioas of tLis Security 1nsWmentand the Note are declared :
<br /> ;��u': • to be severable. ,
<br /> ` � `'� .�. • 16. Borrower's Copy. Bonower shall be givea one conformedcopy of the Noie and of this Securiry lastrument.
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