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<br /> �`L`. 9,Inspediva. I.�der or its ag�t may make reasonable�tries upon and'mspecdons of the Fropeay-Leuder sha11 `� ��+ ,.
<br /> r ;' ,. . give Bortower nottce at the�une of or prior to an inspectian spRCifying�easonable c�use for the inspecdon- ��- ' a.
<br />_-�:1:-� .'• . <. ,` �'. s I 0.C u a�t o n. T h e g m c e e�l s o f a n y a w az d o r claim for d a n m d g e s.direct or co a s e quential,in coa�xioa wiffi � L� �' .:
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<br /> ,` 1 a n y condeqnnation or other taking of aay part of the Property. or for conveqanoe m lieu o f cende�auon. ue h e r e by , --'�- -
<br /> �. ti � ,�� the l`�� . ' ��.
<br /> � `� . . 1 assioned a n d s h a l l b e p a i d to L x u d e r.
<br /> in ths ev�t of a total ta&ing of the Propecty,the pmoeeds shall be applied to the sums secured bY this Security �¢ 4 ,' <
<br /> r-�°�—__.t s. 1 ��whethar or aot thea d�.with any excess paid to Eorrower. In the eveflt of a partial tatw►8 of the Pmpr�ty u► �_ '`_
<br /> �� ��` � ' � which the fair markec vatue of the Property i m m e d i a t e lY b e fore t h e t a l d n g is e q u a l W or g�e a t�r than the amouat- ot`We `. ` _
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<br /> '34:; _ � '�-`y'�-� sums secured by Wis Seauity Ins[�i immediacely befoie the taldng,anless Borrower and I.ender oth�wi�e�� ;�.,n ,.
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<br /> t't _ wrltiag.the sams secured by this S�unty Instrnmeat sHall be�ectuced by the amoant of the�rnceeds multip�, b3+ . _.���.:.
<br /> -a= _ , followmg fraction:(a)the tntal amowttt of the sams secared mmediatelY 6efore the taking.divided by(b)the fasr marlcet �:,,� ,�
<br /> ` valne of the Property immediatelY 6efo�+e the ' •Any balance sLaU be paid to Boaower.In the eveni of a partial takin8 - . j,
<br /> � " --; - F of the Pmperty ia wbidt the faa maiket value of tbe Propert5+i�nediatelY 6efoie the taking is less than the amount of the _.
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<br /> � " : su�secured�Y before t6e taking,tmless Botrower and L�der otherwise agree in wrlting cfr onless applicc�b2e -.�4 --;_-��,-
<br /> �z,_ ` laar otbeccvise rovides,die Pmceeds shaU be applied m the sams secnced by this Secority Insuument whether ar not the , ' '_
<br /> 3:�k " y SUI11S 8TC thC��. `.`'`, ._k '
<br /> :k�'':`. .., :. ' `� I f t h e P r operty is a b a n d o a e d b y B o i s o w e r.o r i f,a ft e r n o t i c e b y I x n d e r t o B o r r ower that the coadenmor offers to ,,°.V• <<
<br /> {_ .• . ° u�ake an award or settle a claim for dama�es, Bormwer faiLs to r�pOn�to L�d�wit�30 days after the daU�the notice :;: t�-.4R,
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<br /> ��fr: �•:� t is given.Lender is uathori�d w collect and apply the praceeds,ac us opnon,eiiher w resw�acioa or�air of ihe PcapertY ..,��., _.�.=' :
<br /> or to the sums secared bY this Se�uitY�t.whether or not then d¢e. �not extead or '� ''�
<br /> �� . = Unless I.ender aad Borrower o t h e r w i se agree ia wri t i n 8,anY aPPlicatioa of proceeds tn prntcipal
<br /> ��s ;` � i° a- postpane the due date of the mombly payments refetred to ir�aar�graphs 1 and 2 or chaage t6e amnuat of sUrh payraeuts. '� fr
<br /> ;��,� '. '� 1 1. B anower Not Iteleaxcd; Forbearance BY I.�der Not a ,'aiv�. .'��sioa o'the time for paymeat or ` ,;..��,;
<br /> �.,�; �- modificatioa of amorti�auon of th�sarns s e c u r e d b y W i s Secunt�►I n s t n r m e a t g r a n t o d b Y L r�d e r w a�l+s�s o r i n i k t e r�s c ` .. i
<br /> � � � l�� of Borrower shal!not opecate tn release the liab�ity of the ori p n a l B orrower or Borrower's successo�s ia iuterest Lend�eT 4 � , •.
<br /> �?, • ,. . saccessor in interest or refase w extend time for p �,_ l-
<br /> :�j�: .. __ : shall not be r�aquired to commence p�ceediags agawst anl+
<br /> othernise modifY amorti7ation of the sams seaued by this Secutlty Ins�t bY n�ason of aay demaad ma e by the •.. r. .,�;.•:�_
<br /> �j s , ` ` ' original B o r r o w e r or Botrower's suocessors m inteces�Any fo�bY I.eader m e�cetcislnS ffiY n8ht��y�
<br /> �, ° not be a waiver of or preclnde the exencise ofaay right or remedy ts of 2��*
<br /> �..-•. :_ dp�ps Bound;Joint and Several Liabitity;.Co-�gaas. The covenaats and agceemea =
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<br />�:; . _ . . 12.Suoeessors .. ,_•
<br /> .�.:�;r � � this SecvsitY Ins�u�wt shall 6ind and benefit the successors aad assigus of Lwder and Honower. sub�ect to We '.��;;,-
<br /> �{, .� `, . _ provisions of pazag�aph 17. Bomower's covenants and agreements_shall be joiat and severai.Any Borrower wttfl cw-signs ,�` , �:,
<br /> �' �� � tfus Securiry lnsuameaa but does not e�cecute the Note:(a)is co-s�BninS this�tY�only to mostgage,g�ant -
<br /> ant -
<br /> 4:<�' - ` ' that Borrower's uuerest in ttte PropertY under the tenus of tlus Security t�c;(b) is uut pe�sonally , ,.. .,,�R,.�,.,�,:
<br /> ,, <. :' and couvey that Leuder and any other Boaower may
<br /> G r• � obligated to paY the sauas s�uced by this Seauity Iasuument: aztd(a)aSrees t�:�. `
<br /> �•,i.. .• � agcee w e�ctead.modify,forbear or make aay accommndations with regacd to the�of this Secartty Iasmmne�t or the { �.r- ;
<br /> ``"• � Note an out that Borrower's consent. a ; f•_
<br /> � • �.Loan Chaages. If the loan secured by this Security Instrument is subject to a law which sets u�axi�loan P ; rr
<br /> char ges. and that law is finally inte=Preted so [hat the interest or oWer loan charges collected or to be oolleaed in ;�; a
<br /> :� conaECtion wnh the loau exceed the peimiueG limits, then: (a) any such loan charSe s h a ll b e r e d u c e dwtn�c�eded : .�,
<br /> � ` � � .' r� necessar3+to reduce the chazge to the pemiiued limit;aad(b)any sums alreadY colle�xed&om Bonower ,.. _�,,;
<br /> permittal l�mtts will be refunded to Borrower. L e n der may c l w o s e t o m a l c e W i s refund b y r e d u a n S the P��P�owed
<br /> ` ,.�. ,. t w Borrower.If a refuad�ednces priacipal,the reducdon w71 be treated as a . ;_
<br /> under the Note ar by making a direct paymcn :t^:
<br /> � . : ���'� partial prepayment without any prepayment c h a rge aa der t h e No t e. • �•
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<br /> t ., 14.NotTices. Aay notice to Borrower pmvided for ia this Securiry Instrauuut sball begtvenby delivering it or by , .' ,µ
<br /> �,...,' � mailing it by �irst class mail unlessappIicable law requires use of anmher method. 'Ihe notIce shail be directed to the '.` t.
<br /> f, ; . �P�Y Addre�s or any other addtess Borrower desi�tates by nodce to Lender.An y notice w I.ender shall be given bY • , ., .,
<br /> ,. firse class mail to[.ender's address stated htrein or any other address Lxnder desiguates by nodce to Bortower.Any nodoe �.. ..
<br /> �---- � • --- mvided Eor in this Se�city Instnunent shall be d�to have b e e n given to Bomow e r o r L e n d e r a h e n g ivea as p r ovIded E'._ ,>;._:_
<br /> � .'�: . 4 ��paragraph. '� _
<br /> 1S.Goveraing Law.Severabilitp. Tdis Security lnstr�em shaU be govemed hy federal taw and the law of the °.- � � ,;
<br /> ��'�' • •. ' }urisdiction in �vhich the Property is located. ln the eveat that aay provision or ctause of th9s Seauity Instcu�nt or the _
<br /> ��.-,' r• �'.�� Nate conflicts with ap�Ilcabte law,sucD cantllet shall not affect other provisions of this Seeauity Instrament os the Note
<br /> � - . , .. , .�.� aLich can be given effax without the conflicting provision.To this end the provLsions of this Se�vrity lnstrument aad tbe s:;
<br /> �:�..�� • � Note are declared to be severable. �, r.
<br /> �' :�� � � ' �'" 16.Borrower's Copy. Boaower shall be given one confo�med ooyy of the Note and of tlus Security Ia�trument.
<br /> �j'.�. ,`. �` .. 17.TraasYer oY the Yroperty or a Beneftdal iaterest in Bonower. If al3 or a�+part of the Propetty!or any
<br /> •��'.: . .. .
<br /> .�,, � interest in it is sold or traasferred{o:if a beueficial interest in Borrower is sold or tr�sferred and Barrower�s not a ,
<br /> �'`..:'. .. . ' �, naturaf person)witho�t l.eader's prior written consent.Lender mashal not bete ercisped b Lender�eaery ci etis prohib ed � , '" :
<br /> sums secwed by this Security lnsuument• Hoaever,this option Y
<br /> `;�*�� , � by federa!taw as of We date of this Security Insmsment• '
<br /> F�.., { fF Lender exercises this option,Lender shall give Bonower notice of acceleration.The notice shall provide a period
<br /> :.��°;'•��� .�_ • � � of not less than 30 days from the date the notice is delrvered or mailed within which Borrower must pay all sums secured
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