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<br /> , � � payments may no longer be teqnirad,at the aPtion of Lendet.if mortg�,e insurance coverage(in the amflvnt and for the period � �
<br /> � thay L�nder requites) providPd by an cnstuer agproved by I.ender a„�aia 6xcomss available and is obtain,ed.Borrower shall pay �
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<br /> , , �e p���u��p maintain mprtg2ge insurance in effect,or to provide a ioss reseive.un�l the requirement for mortgage �rl ��
<br /> � ` insurzace ends in 2aordaace with any written agreeatent between Boaower and Lender or applicable law. � �-:
<br /> • 9. Yaspesidon.l,e�der or its agent may ma�e reasonable eauies�pon and iusp$ctions of the Properry. Lender shall give s,:
<br /> ' �. ` Borrower aoace at the tim�of or prior co an insgecrion spzcifying r�asoaable cause for ihe insgection. � �-.
<br /> . . R I 10. Coad�nnation.'The praceeds of any award or claim for damages, direct or conseguential. in connecuan with �ny � �,;.
<br /> -. � ca�dc�nxtion aa ather ta.king of anyr past of[he Progerty,or for conveyaace in lieu of wndemnation, are here�sy assigned aad
<br /> . r�L Sh211�E�31d LO�.fDdEI. �-
<br /> ��- Ia the event of a tatal taking of the Pmperty,the pmoe�ds shall be applieci to the sums secured by this Security Insuument,
<br /> _ ,i��":. whether or not then 8ue,with 2uy+excess paid to Bosower. In tIie event of a partial taking of the Propeny in wluch the fair �'
<br /> ��.�•�� market value of the Pnoperty imm�diazely bEfom the ta�ng is equat to or greater thxn the amount of the sim6s seaired hy this �
<br /> .. . r` SECUriry IiutnimQnt isnmediately befare the taI�ng,unlcss Borrower an8 Iznd�r otheiaise agree en writiag.the sums sec�sred by
<br /> • ' this Securiry Insuum:nt sha11 be reduced by the amount of the pms�eds multiplied by the following fraction: (a) the total �-
<br /> < ' � aaicunt of the sum3 secured iauuediately before the taking.divided by(b)the fair raarket value of the Prop$rty imm�liately -
<br /> . before the taking.Any balanre shall bs paid to Bomower. In the event of a pattial taking of the Progerty in which the fair n
<br /> • % maaket value of the Property immediatelY hefore the taking is less than We amount of the sums secured im�a°�.�ately before the ;=_
<br /> � ' •�' taldng,unless�osower and Lendez otheiwise agr�x ia oniting or unless applicable law otherwiss provid�.�i:.�prooeeds sha11
<br /> � be app]ied to the sums secured by this Security Instsum�whether or not the sums aze then du�. -
<br /> If the pmperty is abandoaed by Borro�ver,or if.after aorice by Lender to Borrower that t�,�rasl�nnnor offers to ma�se an
<br /> � award ar ssttle a claim for damages, $ar'rwer fails:.o resFond w Lender within 30 days aftc��^�d�e the notice is givess,
<br />- ., Lender is au[horircd to aw'.�aad apgil.':�e Proce�c•�iu option,either ta reswration or regair�::�E Frcperty or co the sums
<br /> - . s��by��,.r'..r;•L�,��eat,whethsr or not r��:ue. -
<br /> -. .. Unless -�,� �`- ir-,xower ashsrwise agre��writing, anY aPPlication of pror,eeds tn 1�:--.:..�..�' ��:noi extend or -_
<br /> poscpone t��;,�e�',.��c`�x monthlY Paymenu referred to in paragrapbs 1 aad 2 or change the�s�..:�of s�.Yaymenu. -
<br /> _ i _��-;-� � il.B��wer Not Releascd;Foabearaace By Lender Not a Weiver.Extcnsioa of the tim:e:�i gay�nt or mu�iffr..au�a
<br /> of amortization of the su�s sec�ued by this Security �+++ t granted by Lender Lo any succ�•�finte:�^f Bo�m�'��
<br /> - �:-_� not opeiate to releass the riabiliry of the original Berr.+��ver or Borrower's saccessors in interest.l.endea s'�:i��t be re9uired�° .
<br /> . .' com�.r,�proce�diags against any successor in int_�:or refuse to extend ams for payment or athetwis:��::�y amortiration ..
<br />°y�:'��.��:,�� � of the sums securad by [his Security �nument by reason of any demand made by ttse original Boms:�;.;, or Borzower's
<br /> `` „� snoae.csnrs ln interes4..My forbearauae by I.ende�r in e�cercising any right or remedy shall a�t�.a waiver of or preel�she
<br /> -�'u:..�:f_
<br /> �-,r-"�_ _:., e�ercise of any right oi re�ed}+. _
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<br />-,�:. 12. 5accessors end AssEgus Bouud;Joint nad Sevezal Lla6iltty. Co�si8n2�s.The ¢ovenants zn�s���menu af thLs
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<br /> --- �:. '��urity, Irsirument shaU biad and beneSc the srux��:�s and assigns of Leader and Bomawer. subject�:s��:provisions of
<br /> :�-��_:-: :
<br />_��;�:x��'=t:��; P�B�P`-' i:T.. Borrowez's covenanu and agreeme�t� �hall be jaint aad several. Any Borrower who ��`.s this Sars.-'�w .
<br /> ,.,..i i aad conv�� t�:,t
<br />-=-y:':��;� Inswm��rc does noi execute the Note: (a)is co-signing this �.:rity Instnunent only tv mortgage, grs�
<br /> _ �T•,x�.;�,��• • Boaower's int�rest in th�Prog�rty under the terms c�ihis�ECUrirS�a.suum2nt:@)is not Fer�✓aaally oblig�cl to pay the s,�ms
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<br /> --�Jy�� serured by this Securiry L�iav�eat;and(c)agre�c��:I.ender aad any oth�r Bem:ti�:r may agae�to exterri.�fldify,foibear or
<br /> ==�SZ�-� make any acoommodasions with regard eo the terms ar rhis Security Insuvmsnt o1 L.Note withnut that Horr:-+er's c�nEent.
<br /> ----.1�,:�;� 13,Loan Ct�sges.If the loaa ser.nred by tbis Security Instniment is subject to a law which sets maxi�m loaa chazges,
<br /> � ��'--'=!p�' and tha:law is finaUy inteipreted so that the interest or other loan charges collected or to he m�eaed in connearon with the
<br /> �;��t:� ....
<br /> .._ _��,:� loan eac,xPd the permiaed limits,then:(a)any such loan r.harge shall be m,riuced by t�e amonat e�ecessary to reduce the charge
<br /> -.,�mR_ r,�the p�miued limir,and(b)any sums almadY w4ected from Boreower whirfi exeeEded permitted limits will be refund�to
<br /> _. -�#�;�
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<br /> __ isk;r:r�+r.;r. Lender may ctioose to make this refu::i i�y reducing the prisE�ipal owed under the Note ar bl• making a dit�ct
<br /> __-�-�= ��y��; rr_ HonowEr. If a refund rediices priatr.,�ul. the rednction wi11 be treated as a pa�tial pre�aj:nent without any
<br /> _-= prepay�::n�r rs'�arge under the Note.
<br /> -- 14.lh�.t{�bes.Any aotic�to Borrar.-�grovided f�r in this Secv..*�ty Instrument shaU be givrs.:by deliveriag it or hy muiling
<br /> _�___= it by fiYSt class mail nnless applicable laar m.qu'ues u:.cc�f another method.'The a,�.ice shall be directed to the Property Ar3dress
<br /> _=_-- or any other address Bartcwer designates iry rzc�:.+: �,�Lendez. Any notice to �ender sliall be�iven by t'ust class mail to
<br /> Lender's address stated herein or any other addreas::.ender desisnates by aotice to Boaower. Aay notice provIdeA for in this
<br /> -°-- Security Insuument sLail be deemed ta 1�.�.-�e been given to Borrower or Lertder when given a:.pr=vidzd in this paragraph.
<br /> -- I5.Govemiag Law; Seve�s�il5�_ This Securiry Instniment shall be govemed by �r,�leral law aad the luw of the
<br /> ._'�L'r"a� jurisdiation in which th:'roperty is tc••.w:�. In the event thas any provision or clause of this Security[nstrument or the Note
<br /> �,�,�r•ss
<br /> —�=� �oafiicys with appltcaL•ic.ca�,such con.`3ict shfilI ast�fax other provisions of this Securiry Insmrment or the Note which ran e
<br /> �="'�'�'-°�� given et'fe�«rithout thx:,anflicting pr���sia�.T:�'a�,�end the provisions of thie Security Insuuiaent and t�w_i�'nte are daclared
<br /> _:_�'�r.���r�� t�besevc��sLt::.
<br /> -�`'�-;''`��� 16. �Urra+��er'�CopY•Borra�ccr ctis�.7 be�iven oae eonformed wpy of the Note and of this Serurity Instn�ment.
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