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<br /> -�';�`` �, ` ` .•` � P��S+no longer be required,at the option of I.ender,if morcgage insuiance coverage(in the amount and for t�e peciad ,.r .
<br /> ;:6: y ` � _,r° that Leader �)Pmvided by an msacer appmved by I.ender again heoomes availahle and is ohtained.Bo*rower shall pay
<br /> . ` , the ptemioms requi�ed w mai�na mortgage�in effea,or to piu�de a loss resecve.until the reqoirement for mortgage ` �`"�� ",
<br /> °.�.,: •? r` ' �``•j ins�umnce ends ia a000rdance with any writtea agte�neat betcveen Bornower and Ixnder or agplicable law. '�.-
<br /> - �•`--`' ;�`� ` '� : 9.Insp�.I.ender or its ageat may wake reasonabte e�tries upon and inspecdons of the Froperty. I.ender shall give ' `
<br /> �-� �.; , , , .� `
<br /> ,. , . . � Bomnwer notice at the time of or prior to an inspeaion sPecifyiag reasonable cause for tLe inspeaion. . �' . .
<br /> �tt� ` `. { � � 10.Condemnatfon.The praceeds of any award or claim for damages, direct or coa4equenual, ia oonneaion wi[h any `'='..
<br /> ' � —� � -
<br /> �,,�. ` `� 4 _ -': condemnation or other taking of a�r part of the Property, or for c�nnveyaace ia liea of oaademnation,are heneby assigned and •
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<br /> .7 � �;t � -,..--... shall be paid to l.ender. ` � _
<br /> • ".�� In the evr,nt of a tfltal taldag of the Property,[he pmoeeds shari be appfied w ihe snms secarod by this Secarity Iasuoment,
<br /> . ;�- .��' ' ` •� c `.� .. whether or not then due.wiW am�excess paid to Borrower.Ia the event of a partial tatring of the Pmperty in which the fair
<br /> _ �•?`, ' � _ marlcet value of the Ptoperty�ly before the raking is eqnal to or greazer d�the amouut of the sams sec�ned by this -_
<br /> ` Iastcument immed�e before the taiQn �tess Barrower aad Leader otherwise �in wri[in the s�ms ser�ued b
<br /> .:.�; � .. • � Securit3► �Y 8, � �, ra y ;;_
<br /> ° . _ .,, this SecnrIry tnstrnment shall be reduced by the amount of the gmceeds multiplled by the following fraction: (a)tbe wtat
<br /> �'`-��� _ . r �� amaunt of the sums secuced immrdiateIy befoie the talmtg,divided by (b)the fair market valae of the Property immcdiately t
<br /> F�_�` �� u _` • befo:e the tal�ng. My balance shall Ise paid to Borrower. In the event of a partial Wciag of the Prnperty in whIch the fair ' ;
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<br /> :;�.�r °..: � .�,. '• .� mazket value of the Property immediateiy before the taldng is less th�the amount of the sums ser.�red immsdiately befozc the .,`, ��� ;i
<br /> = ,r.� : �` . � takiaS,wiless Bortower aad Iender otbeiarise agcee in writing or untess appIicable law othe�rise pmvides,the pmceeds ahalI -.
<br /> r�`.� be a�plied to thc sums sec�used by this Seam�ity Insatmaeut whether or not the s�are then due.
<br /> , y��� tf ti�e Pioperty is abaadoned Iry Borrower,or if,after notice by I.ender w Borrower thaz the condeamor offera to make an .
<br /> . �g-,�.: ' � ` `:. � � award ar settte a claim for damages,Borrower fu'ts to respand to I.euder within 30 days after We date the aodce is given, .:,�-� `'
<br />. . � , . y� Leader is authorized w ca}3ect_�tl a P P�Y�e p r+o c e e d s,at its o prion,either to restotatiou ar repair of the Property or to the sams � =
<br /> • '`��� ' . '.� s�by this Seauity lastrume�,whether or not tlien due.
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<br /> �� f , �. Udess I.ender and Boriower otheraiise agcee in writing, a�+applic�ion of pmceeds to principal shaU aot extead or �
<br /> -�� - , � ,`� � postpone the due date of the montblY Paymeats referred to in parag�aphs 1 and 2 or chaage the amouat of such payments.
<br /> :�::�`' ' 4 � `�'�' Il.�orrowes Nat RQ2ease�;Forbearance By Leader Hot a Watver.Euension of the time for payment or mcdific�on � �
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<br /> :-;•"�.r-: .. , of amortiratlon of the sums secuted by this Secority Ia4aument granted by Leader to any successor in interest of Borrower shaU ,:.. .�:
<br /> :F.'.�, : • .- .
<br /> r �' �• � nat operate to release the liabiliry of the origiaal Borrower or Borrower's successo�s iw intemst.Lender shall not be mquired to ,;,:,..
<br /> �V . � -;{ commeuce proceedings against any successor in interest or netuse to emeAd time for payment or otherwise modify amortizatioa �_ �-
<br /> .,.-,y � . ., �
<br /> � � o f t h e s W n s s e�i t c e d b y t h 3 s S e m r i t y i*> >n► t b y r e a 4 on of an y demand made b y We o�i g i n a l Bormwes or Borrower's _
<br /> ` ``:f�: ` . ` ,. � successo�s ia interest. forbeazance b Lender ia exercising anY right or remedy shall not be a waiver of or pr�ectade the �"�°
<br /> Y�� � �. �:�i �► Y . r:.
<br /> ; •�:;t'": `- �` ' - ��,� eaercise of any r�ght or remedy.
<br /> i �<. . • 12.Sucoes�ors and Assigns Bmmd; Joint and 3eveial LiabDil.y; Co�Igners.The covenants and agreements of tdis
<br /> '�' i� ' �� � Security Instrument aball bind and benefit the saccessois and assigas of Leader and Borrower, subje�t to the provisions of ---
<br /> � .�'';'"�'�,:;., .. , - paragrap� 17. Borrower's covenaats and agreemenu shall be joint and several. Arry Borrawer who co-sigos tvis 5ec.�iry -.. `,�
<br /> � , , .- tnstr�+++�±±+but does not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage,grant and convey tbat : --
<br /> �i��,�"'' Borrowet's imerest'sa the Pro under the terms of this Securi Instrumenr,(b)is not onal obll to a the sums ' '`
<br /> 1..'� , • P�Y tY P� tY P� P 3�
<br /> �:�`:�: � seaued by this Secnrity Instrumeat;and(cy agrePS that L�eader and any other Borrower may agree to extend,modify,forbear or
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<br /> ..:;,..�:•:•. � . ` ` ` maIte any accommodations with regard to the ternas of chis Security Instrument os the Note without[hat Bonower's cansent.
<br /> � t,y.:.-:.: . 13.Loan Charges.If[Le loan secured by this Security Instrumeac is subjecc to a law whicb sets maximum loan charges, . .
<br /> _. f<�r.- � � and tUat law is fmally interpreted so tbat the interest or other loan charges collected or to be collected ia connealon witb the � •
<br /> .:�•, :� . .
<br /> �:,:..,.� . . : . loan excee�the permitaed limits, then: (a)any sucb loan charge sha11 be reduced by the amount necessary w reduce the charge �
<br /> '- - . .. to the permitted limit; aud(b)any sums already collected�rom Borrower which exceeded permitted limits wUl be refund�to . .
<br /> •' �..�•`:J��,�� • ' Bormwer. Le�der may chuose to make this refund by reducing the priacipai owed nnder the Note or by making a direct -
<br /> �� ^ ' ' � • • � paymeat to Horrower. If a refund redares principal, tke reduc[ton w111 be treated as a partial prepayment without any �' �
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<br /> .., .::.,_.._ . Prepaymeat charge uader the Note. , ,
<br /> ��•''°�� 14.Notices.Any nodce to Borrower provided for in this Security lnstnunent shall be given by dellvering it or by mailing
<br /> � :,}„,��:, .., .• . . . .
<br /> • j•���:�� � it by fust class mail unlesv applicable law requires use of another method.The notice ahall be directed to tha Prapeny Address • '� �
<br /> i?.=.:' . . . _
<br /> • t. � . .• or any other address Borrower designates by notice to l.ender. Any notice to Lender shall be given by first ctass mail to
<br /> ��:: :�'' Lender's address stated herein or any othet address l.euder designates by notIce to Botrower. Any notice provided fot in this
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<br /> �i:;:_:�•. _ � , �• Security Instrument shall be deemed to have been given to Burrower ar L.ender when given as provided in this paragraph. _ .
<br /> " � ` ' � � 15.Governing Law; Severabllity. This Security Inscrument shall be governed by federal faw and the law of the " � �
<br /> �.'' '�- � jurisdiction in which the Properry is located. In the event that any provision or clause of this Sesurity Instrument or the Note .
<br /> • �' ' contlicts w�th applicable law.such contlict sha11 not affect other provisions of this Securiry Instr�ment or the Note which can be
<br /> � % . given effect without the conflicting provision. To this end the provisions of this Securiry lnsirument and the Note are declared •
<br /> . E,.:�:: ' . to be severable. •
<br /> � �.;'�� : . 16.Horrower's Copy. Bnrrower shall be given one conformed wpy of thc Note and of this Securlty Instrument.
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