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<br /> ` PaYmenis maY no longer be iequired.u the option of I euder.if saortgage insurance coverage(in the amount and far the period � < t:
<br /> . g� that l.eoder requires)Provided by an insuier a�rpmved by I.endet agau►becwm�s ava�lab2e and is obtained. Borrower shall pay x�
<br /> -- ' �d�r= • " - t6e premiums tequired to mainrain mortgage iasura�nce in effecc.or w pmvi d e a loss teserve,u u t i i t h e i e q u i r e m e w t f o r m o rt g a r,;e r"`=-.�._-;,.��
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<br /> � `' " � �� iasuraace ends in accordanoe with any wriaen agi+eement benveen Bomnwer aad Lender or appficable law. � t ,
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<br /> � «_ ,. � ,- ` g,Ias�eatioa Icnder or iu agent may make reasonab�e entries upon and inspeaions of the Property. Leader shall give �
<br /> y � �.i -" Borrower notioe az the time of os prior to an inspecxioa spacit}+ing reasonable c�use for the iagpection ,� r -- r�-
<br /> -w��� �., � r.�:
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<br /> - lU.Caadem�oa.The proceeds of aay award or ctaim for damages, direcc or consequential, in conneccion with aay � ;f �
<br /> ,- �F. � °._ co�on or other[aking of aay part of the Properry.or for conveyance in lieu of coademnation,are hereby assigned and � c:° `
<br /> � � - `�F� sball be paid to Lender. � -
<br /> ��= �' ° `' In the event of a wtal taldng of the Propeny,t h e pm c x e d s s h a ll b e app l i e d to t h e s�s s e c v r e d b y t h i s S e c u r i ry I n s t r u m e n t. @� !
<br /> —;r' . `-;..�°^¢=`��= whether or not then due.with auy eace�paid to Borrower. In the event of a partiai taking of the Property ia whicb the fair � `•�L<_:.`':;�
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<br /> �f�` ,� .., � market vaiae of the Property imme�a�lY before the tabng is eqaal w or greater than the amount of the sams secuzed bY this � � � _
<br /> �-, - �- • S . :
<br /> .- -x.�- . .�4 • ��-t�� SeWrity Insarument immediately before the raging,untess Borrower aad Lwder othsrwise agree in writing,the sum4 secured by �m • i-`'.: ,.
<br /> -� �:�, ,�-,:-; : �T ttiis Security Instrum�t shaU be reduced by the amount of the p r o c e e d s m n ltip t i e d by d se fo i lowing fr a c�o n: (a)t h e t o t a l � ;'�:.;��-.
<br /> '�; ' ` amount of the s�ms secured immediatetY befoie the taYiag.divided by(b)d�fair market vaiue of the P�oper►Y immediatell' � ;F-.S ',
<br /> 6efore the ta�ng. Aay balance shall be paid to Bosrower. In the event of a partial taking of the Proper[y in which the fair . .-;`z:..;.:
<br /> E - market value of tht Praperty immediately before the tat�g is less than the aznount of the sumc secured immediaoely befon the • , r
<br /> �' ��� i talong,untcss Borrower and I.eader otherarise agree in writing or unless applicable laar otherwise provides,the pmceeds sLall �
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<br /> x-.' "` -- : � oe appjieri w�Sre swm s�-wu►uy U,;s Secu��ry;�:�c��c�r�r�:�.��°W*��se. _ ` _ ,
<br /> s� :i l --^� If the Propetry is a6andoned by Borrower,or if,after notice hy I.eader w Borrower that the wndemnor.offeis to make an . i(
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<br /> award or seule a claim for damages, Boaawer fails w nspond w Leuder withia 30 days after the date the notice is given, `�'r;,,.-
<br /> � `�� . . . °� Lender is authorized to oollect and apply the pioceeds,at its option,either to restoration or repair of the Properry or to the sums �. - -�z:
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<br /> _; '.�� , :c '^ S2CUTC(��Zt11S.SCCUT1l}I�S�U�I+wflCtjlC[OI IlOt ulCd�IIC. .':r.r�,
<br /> : a.�`' . � ` lic�ation of raceeds w al shall not extend or `� .°
<br /> '�_,-T., � '..�:�:.;:� Unless I.�det and Borrower ofhe�wise agrce in writing, anY aPP P P�P •.._�°;
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<br /> Qostpoae dte dae date of the monthly paymenta refer�ed to m paragraPhs 2 and 2 or c6ange ttie amount of sach payments. •`
<br /> �,. , � .,•. , 11.Bosmwes Not Seleased;Bor6e�ance BY Le�tder Not a�Vaives.Exceasion of the ame for payment or modificauon h<�� ��`
<br /> t�y�� � '�- � of azn�on of the sums secuned by this Security Insuvme�granted by Leader w any succe.ssor in i�etest of Bormwer shall '-
<br /> .�:�.� '�' not opente to zetease the liability of the original Borrower or Boirower's successors in intercat• Leuder shail aot be required to
<br /> �: :��--••: :.1 :- <.'.7•�:. Cpmm�!reeP p��p�against any successor in intecest or refuse to extend time for payment or otherwise modify amorti7attan '.-''
<br /> �i ';;�`_'� ` . - of the sau�s sec�ued by t�is Se�urity Instrumcnt by reasoa of any dewaud made by the original Borrowar or Bormwer's
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<br /> .:.,:!' � saocessors in�nur�t.Any fosbeazauce by Lender in e�cerc�s�ng anY right or re�nedy shall not 6e a waiver of or precluds the ,.�;
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<br /> '° ��` • execcise of a�r right or remedy. .• '
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<br /> • ;L:. • . 12. Saoces.sors and Assigos Bonnd:doiet aad Severa!Lia6flIty: Co-stgnees.The covenaau and agreements of this �. `•�
<br /> :1•:�,�;,;;. � Secatity Insuument shall bind aad be¢efit the successors and assigns of Leader and Borrower. subjecx to the provisions of ;` .; :`�.
<br /> :`:1':-:� . . ` h 17. Borcmver's coveoants and agreemeats shaU be joint and sever�l. Any Borrower who co-sigas tt�is Security ..�;;.,...ff�`
<br /> .it�:.:: . .. _ P�S�P �_;-r::Y
<br /> _ =;:• � ,.�c..• ; Instnament but does not execute the Note:[a)is co-si8ning tltis SecuritS+ Instnttnent only to mongage,Sraru aad canvey Wa1 •_ „-
<br /> ��`"''� under the te:ms of tUis SecarIty Iascrument;(b)is nai personaUy obligated to pay the sums :�: :-s,.
<br />�:' ;J.. . ,'. -' ; Bormwer's interest in tLe PtoP�Y � .
<br /> ti.•` �;., ', - . . sec�u�ed by this Se,curiry Instnttnent:and(c)agrees that L�e n der a n d any o t her S osower may a g r e e[o e x t e n d,m o d i f y,f o r b e a r o r ; . ' :.
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<br /> ` � '� � ``� make suy accomanadations with regard to the termg of this Securi Inmument or the Note without thai Borrower's consent. `�,i•
<br /> • � , erm ty ',,::;,:: .�.
<br /> •','��� � � I � 1 3.L o a u C b a t g e s.I f t he loan secured b y[his S e c u r i ty Iastrument is subject eo a law which sets maximum toan charges,
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<br /> . .•��.•- �.. .. . antt that law is fiaally inteipreted so that the inteiest or other loan charges collected or to be collected ia coanection with the
<br /> .?i'#:•.;•1 ' _ _
<br /> ,:..�:,:, loan exceed the permitted limits.thea: (a)any such loan chazge shall be reduced by the amount nectssaty w z�duce the charge
<br /> ��,:�;;:�;� �. .� . to the permitted limit:aud fb)an3►snmg already collected from Barrower which exceeded permiaed limits wW be refunded to . .
<br /> .�r:,.� .. . ' .. Borrower. Lender may choose to make this refimd by reducing the p�cipal owed uuder the Note or by ma�ug a direa
<br /> � payment to Borcower. jf a refimd rednces principal. the rednctioa will be ar�ted as a partial preQayment withont any ��; �
<br /> .":�'':'��;, ._ '.. PrePayment charSe under the Note. . "
<br /> �.��..�.. : � .
<br /> � � � 14.Nodees.My notice to Boaower pravided for in thig Sec+irity[nstrument shall be givea by del'svering it or by mailing
<br /> .•�.:;�,: . �. : . .'; � licable!aw r ires nse of another methad.The notice s6a11 be dire�ted to the Pcvperty Address a; •
<br /> it Dy fsrst ctass mail uatess aDP �N
<br /> 1-� � i or aay other address Bosower designates by notice to Lender. Aay notice to Lender s6a11 be given by fuat clags mail to s� ..
<br /> ` j Lender's address stated hcreia or any other address Lender designates by notice[o Bonower. My norice provided for in this '�'� , .•
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<br /> ' r;�`; ' SecUrity Insttumeut shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. -_
<br /> � � � . _ I5.Governiag Law; SeverabilitY. Ttiis Security lnshument shall be govemed by federal law and the law of[he � � ,
<br /> �.�::..: : • jurisdiction in which the P{opercy is locat e d. I n t he eveiu t h a t any pmvision or c l a u s e o f t h i s S e c v r i ty I n s t r u m e n t o r t h e N o t e
<br /> . � � � � confl�icta with applicable law,such conllict shall not affeci other provisions of chis Security Instrument or the Noce which can be . � .
<br /> .� �,� given effect without the conflicting provision. To ehis end the provisio�s of this Security Instrumeni and the Note are declared . •
<br /> t , � ; ; to he severable. � •., .
<br /> • . . 16.Borr�ower's Copy.Borrower shall be given one conformed copy ot the Note and of this Security Insmiment. . .
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