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<br />- ,;i,.��,;_ .;:. .,;��;�-. �:�-` PaY���Y no longer be cequired. at the opdon of Lender,if mortgage ins�raace oovera8e(in the amount and for the perio
<br /> :._`` �� tl�at L�der requires)Pmvided by aa iasuser agPmved by Lender again becomes available aad is obiaine� Borrawer shall paY
<br /> � ,"_: ` ` . . . �p��s required w maintain mortgage iasurazioe in eff�t,or to pmvide a loss�ecve.until the cequirem�t for mortgage
<br /> �`�.��_`��° .�` � t betwe�Borrower and Lender or applicabte law.
<br /> ---- ------ �_ _ insuzance eods in ascordaace wiih anY writtea agreemen
<br /> �`��;=r- � r. on and ections of the Property. Lender sLall give
<br /> `� 9.I n s p e�T ion. Leader or its ageat may make reasonable enuies up msP ll
<br /> ��. ' Y ,` .` -'� Borrower notice at the Gme of or priorto an inspeaion specifying�onable cause for the inspecaon.
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<br /> �°;�`°-, '�'-°"_.: ,.�='= 10. CoaBeamat�on. 7�ee proc�eds of aay award or claim for damages,direa or consequential. ia oonnection with any
<br />-_ �.k>.`; - . ._` �. c,2 ooademnalian or other taking af any part of the Pmperty,or for conveyance in lieu of condenu�ation,are herebY�LB�and
<br /> "} shall be paid to lxnder.
<br /> �--�-� �, - `i � - In the event of a wtai faking af thc Pragerty,the Pmceeds shall be applie�i w the sums secured bY this Secauity Insaumen�
<br /> - - `�' `:� whether or not Wen dne, with any excess paid to Borrower. In the eveut of a parrial taking of the PropertY in which the f�r
<br /> =:�r--�:;.� k` ..�. �value of the Property i m m e d i a t c lY b e fare t h e t a k i a g i s e q u a l t n o r g r e a t e r t h a n t h e a m n�t of the sums secvred b y this
<br /> . . =`�:`�_: . �;. Y'."` �tiry Instrament iu�mediaielY before the taidng.nnlesg Bonower and I.euder otherwise agree in wrivnS,the sums secured by
<br /> _ r_,$ -�;�.� ... � ;: -
<br /> i �'`' • ` .:_�•�;:: � _:_� � .. this Seauity Insuament shaU be ireduoed bY the amounc of the procceds mnitiplied by the following fractian: (a)the total
<br /> i '� _::.:i.-"'-�_ . - ---�;=r�' - azriouIIt of the sums Seet�Ted�i21elY befOte 1he Lekiiig,divided by(b)the fair market value of the Pmperty immediatelY
<br /> � . : .- -�.:�� -_ --- : of the Pco in which the f�r
<br /> �.s:..._. . •_ . r..__=�.. before the taking. Any balance sha116e paid w Borrower. In the eveat of a parda1 taking P�Y
<br /> - ``�s�g' ,;. `.� is less than the amown of the sums se�.vred immediately before the
<br /> �: , . �,��;•�:�r` _ f; , tnaztcec vatae of the Property iva�diatelY before the taking
<br /> - -- -;,,_�'F'i.': ..��� �. tatcing,unless Borrower aad I.ender otherarise agree in writmg or unless agpticablc taw otherarise pmvides,ttee Proceeds shall
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<br /> : `;:::•.r j� be app• Insuu�ment whether or nflt the sum5 are then due.
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<br /> - .. • �c;;r.�-: : ,. ' � -- - If the Prapeny is abandoned by Borrower>or if,afttr notice by Ixuder ta Botrower that the coademnor ot�ers to�ake an
<br /> T _� � . . - �:f�-,4` • `�.1 awazd or satle�claim fur damages,Boarower fails to respond to Leuder within 30 days aRer the date the uotice is givat,
<br /> . _ _� -�`���`;�:..--- �:: ; -:.� Leaci�r is authoriud w caltect and apply the proceeds,at its opuon,either w restoration or repair of the PropertY or w the sums
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<br /> � � . a . secuned by this Serurity Instinment, whether or not th�d�u�e. g, �Y aPPUcation of proceeds w principal shaU not eactend or
<br /> �� � ' , �`:1 . � [Tnless Lendet aud Borrower otherwise agree � �1 and 2 or change the amount of sach paycne�ts-
<br /> a,,.�.;�.,rr.t � ��5 � � � ' Postpane the dne date of the mnnthiY PaY���referr�d w in Paragr'aP
<br />_ --°° - � � :',i: � •. .. 11.Borrower Not Rdeased;Forbearanc�B9 I.pnder Not a Waiv�.Extension of the time for payment or modificatioa
<br /> — '.-.•'- b Lender to aaY successor ia interest of Bonower shall
<br />-_=__—- ' j^-`�,,.` ' ' `. of aatortizauon of the sams se�ured by this Sec�ttity Insttument gtanted Y
<br /> _�—==' "�`z,!;:< �� . . v:`,�' not operate w release the liability of the original Bornnwer or Borrower's successors in interest.Leader shall not be reqeiired to
<br /> �.?'�- =:`..'� ..=:°=. cc,mJnrnc�z pmccedin¢s against u►v suxessor in interest or refi�se to extend time for pay�neat or otherwise modify mnoiti�ation
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<br /> �—"—'-"�� Insuument b reason of any demand made by the originat S�c►owcr ar Sar.atcCt's
<br /> —_.�a.� ' ' . , .. . . •_ • - • of the sums se�vred by tbis Secvsity Y
<br /> r�--.< � ��.a-::i.. _ . � • • an ri or remedy shall not be a waiver of or preclude the
<br /> ------ `.* _� . . �- successots ia imerest.Any forbearance hy Lender in exec�isin8 Y Y,�
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<br /> . '� • exercise of any r�g,ht or remedy. �s. The cdvenants and ageements of this
<br /> . ' .,.,.: :` l2. Su�rs end � Bouad;Joint and 3ev�a1 Llabiltty, Caslgn
<br /> _.�__� - � ,. .' .(.. g�ty Instr�ment shall bind and beaefit the saccessois and assigns of Lender�d Borcower. subject to th6 pravisions of
<br /> �;��",..', �`:�'°�='__`'�'_�'' .:.�' paragraph 17. Borrawer's covenanu and agreements shall he joint and several. Any Borrower who co-sigas this Securit7+
<br /> � : • .�;- 8�8 g and conv that
<br /> ` Ins:niasent but does uot execute the Note:(a> is co-si this SecuritY Insmsme°t only to mort age.�rant eY
<br /> �,' -Y . . ` ' . `..':`' Boaower's interest in the Property under the te�s of this Saarrity Insaument:N)�not personatty obligated to pay the suias
<br />`�'``""'`,,... � . ":: • ,. tbat Leader and any oWer Borrawer may agree to eatend,modifY,forbeai or
<br /> 2�n°.,= ' � secured by tlus Sec.�uity Instrument;aad(c)aSrees
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<br /> ��:�'�,,• ' ;.:.. . • .•4;� to the terms of this Security lnstmment or the Note without that Borrovrer's conseut.
<br /> .�y:i.,.,.,• • . , . make any accommodations with regard
<br />:g•.'�,;"' _ .: . 13.Loan Charges.if the loan secured by tbis Sewrity lnsuwnent is subjea to a law wt�ich sets ma�cimum loan charges.
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<br /> •. • '': � . • � and that law is fu�ally intetpr e t e d so t h a i t he i n t e r e s t o r o t h e r l o a n c h a r g e s c o llected or[o be collected in connection with the
<br />.::.:"r-�~��:T.'. '�. � � l o a n exceed the permitted limiu,.then: (a)aaY such loan charge shall be reduced by the amount necessary to reduce the charge
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<br /> - _t:.;�::,,-..::� . `;'`n• : �•, :::,� to the pemritted limit;and(b)any suu�s already coll�cted from Borrower wluch eu c ce d e d pemu u e d l i m i t s w i l t b s t e f u n d e d t o
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<br /> _ . ;�'': . . Hoaowet. Lender may choose to make this refund by the reducrion will be aeateduas a partial tprePaYment w thout any
<br /> °• .=� ' . . ��:.� Paymeat co Bonower. If a refund reduces principal.
<br /> ��-�-�• " - � prepayment charge under the Hlote.
<br /> _'=:?}:'.:;�,�;: " :;�' : . � 1�.Hoticcy.Any notice to Botrower provided for in this Security l�stwneat shall be given by delivering it or by mailing
<br /> •' � °}����` � � it by first class mail unless applicable taw requires use of another method. 77ie noace shall be directed ro the Property Address
<br /> �"�� � �."j:�r."� .:',..• � ,� � or any other address Borrower designates by notice to Lender. My notice to Lender shall be given by first class mail w
<br /> � ��!.� ' ' � ' • ; Lender's address stated herein or any other address�Lender designates by notice to Bonower. Any notice provided for in this
<br /> .'. . " f Security Instnunent shall be deemed to have been given to Borrawer or[xuder when given as provided in this paragTSph.
<br /> ��' ' , 15.Gaveralag Law; Severability. This Securiry Instrument shall be govemed by fedetal law and the taw of the
<br /> ���`�.'�. ".'.,''• ' . ; � }wisdiction in which the Property is located. In the event that any provision or claase of this Securiry Is�stniment or the Note
<br /> � •� � � •. conflic�s with apP�icable law.such cont�ict shaU not affect ocher provisions of this 5ecuriry Instrnment or the Note which can�•_
<br /> ��'', ' '.'� � ' ' given effect without the conflicting provision.To this end the provisions�f this Security lnstrument and the Note ate���a*P�!
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<br /> l� � to be severab2e.
<br /> .•""^''�'', . ��� � 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of th�s Secunry Instrumem•
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