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<br /> . •-�'�' U I,ender requirod mort�ge insuronce ws a condition uf mAking the loan cecured by�his Secu�ity Instrument. . �-;T'-;:�..-
<br /> �-�• • �• Borrower shall pay the premiuma required to mwintain the insurance in eflec�until such time os thc requirement f�r the __„ '
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<br /> ... .--
<br /> ' ' � • insurAnce terminetes in acwrdance with Borrawer's and Lender's writtcn uQreement or applicable luw. �---- - = - -
<br /> � �.�;.i'�. ,. . . ... �",,.�.,,�.,,� . . .�
<br /> , . 8, Inspection. I.ender or its agcnt may make reasanable entries upon and inspeclions of the Property. l.ender
<br /> ��� �hall aive Borrower notice At the cime oPor p�iar lo an inspectian speciPying reusanable cause for the inspection. --�.�"ta-��-
<br /> �+*�'R".'"1'7�Si:
<br /> �• �' �� 9. Condemnallon. The proceeds af any award ar clwim for damages,direct or conscquential,�n connection with ;.r:,�'��e;t::.�,a.n�y'.
<br /> . . ' � ' my condemnntion or�ther taking of any pon of thc Property, or Por conveyAncc in lieu af candemnatian, are hercby >�•;;�j��'�,_;_.�,
<br /> ,. • �ssi�nedandshall be peid�a I.e�der. ' : - =-
<br /> 1 ' • In the event of u total taking of the Propehy, the proceeds shnll i�e applied to the sums secured by this Security �>+ ^-•=:_:. :--�-y�..,,;.,,
<br /> , Ir�stromeot.��hethe�or nat thcn due.with any cxcess pnid to&�rrowcr. In the event af a panial tAking oP the Praperty. � :,:.;';,,}i `�%i4��jti'�+%,,;
<br /> - ' �� unlass Bnrr�►���erand l.ender otherwise ag�a in writing.the sums secured by this Se¢urity lnsi�ument shall be reduced by '".r .,•,, j , ;,-:_„
<br /> Y 1,:5.-.-,�
<br /> the amount af tfie p�oceeds multiplied by�he foUawing fractiam(a)�he total amount of the sum�secured immediateiy 'r�',,���:. .;4-=
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<br /> � � , `„}i`� befort the taking,divided by(b)the fair market value of'the Pro{xrty immediAtely before the taking.Any balance sha11 be ,. iq,,.,>_.,:
<br /> ,.' aid to Harrower. :., '.���•
<br /> �lft: ,.y. ... P :'.;r.tt�a�4'+.�-q--�,--�;
<br /> � .. If tbe Propeny is abandoned by Borrower.or if.aPter notice b Lender to Borrower t hal the condemn��r oflers to � �.t
<br /> Y t�-�Y;s
<br /> �i4� :;�� make an award ar setde a cluim Por dameges�Borrawer fails to respond to Lender within 3nduys after the ds��e the notice is - �
<br /> ',5: .; ;l��.��' , .;�.� given,Lende�is authorized tacallect and upply the proceeds,at its option,either ta resto�atmn or repair oP thc Pru�xrty or _;-�,__ � T" �'
<br /> :;,�:.•..:..�: . �..,'���,,t., . .�.
<br /> , ,... � •. : � ;;�};;t,.. ,,�;�i: to the sums serured by this Security lnstrument,whether or not then due. `�.,a.a�i.a�:�
<br /> , �.'• .,{��`��, ,�`' Unless 'Lender and Borrower ot herwise ag�ee in writing,uny app lica tion o f p r a c e e d s t o p ri n c i p u l s h a l l n o t e x t e n d o r •-�'Y��=r:_—
<br /> �`~'�" '• ��•!`,;;�t'f+`t� ���i ost one ttse due date of the monthly paymcnts rcferted to in paragraphs I and 2 or change the umuunt of such puymenta. . �., � � ,,.=�
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<br /> " '�FI"_;;�;.�• „ 10. BoROwer Not Re le a s e d; For b e a n ace By L en der Na t p W a l v e r. E x t e n s i o n o f the time for pu yment or ' .� . _
<br /> -�Gtl;. „- ;:,,,ti:�;.•:,:.. . �•_�
<br /> . , •, madific:+ti�n of amortization of the sums secured by this 5ecurity Instrument granted by Lendrr to uny successor in ..,,�;t;
<br /> •• •''• interest of Borrawer sholl not operate ta release the liubility of the original Borrower or Borrowcr's successors in interest. • ��!+�i;��;,:�:'� -;;.���
<br /> . �, �C, fp�-',� �. .
<br /> .. , ��:° Lender shuU nd be required to commence prace�.�dings Against nny successor in interc�t or rePuse to extend time for � ;{;,,, ;,;�`s
<br /> payment o�utherwise modify amoniza�ion oP the sums secured by�hiz Security Instrument by reason of any den�and ms�de ,�.r/�';�:�, ----
<br /> <,:r;f..' by the original8orrower or Borrower's successors in interest.Any forbearunce by Lender in exercising any right or remedy <'� ��'• .
<br /> • `+�c-;:.'•�;. : � shall not be a waiver of or preclude the exercise of'any right or remedy. � 1 r�
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<br /> , '''�;',�<`,�,-_ ',;(�; 11. Saceessors and Ass(�Bound;Jolnt And Several Liobiltty;Co-signers. Th�covenants and Agreements of ' . , : ---_
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<br /> 1 �„ this Security Insirument shall bmd and benetit the successors and assigna uf Le��dei aiid 1k�rrou;zr,rubject to the pros-isions - "
<br /> , .. ��
<br /> �`� • �� }'r����� of era ra h 17.8orrower's covenunts and n raments shall be joint and several.Any Borrower who c�wsignx thi�Secu�ity � , ��!`
<br /> , • ,1,,. P B P , S rant and conve , i=•��
<br /> ' " i Instrument but doea not execute the I�ote:(a)is co-signing this Security Inurument only�� mnrtgage,g y .
<br /> that Borrower's interest in tha Property under the tcrms of this Securily Instrumenr,(b)is not�r+onally abligAted to pay � :;�,,,,�
<br /> ;.r" ' the sums secured by this Srcurity Instrument;und Ic) agrec�thut Lender and uny nther Borrow•er may ugree�o extend. . _
<br /> • , �, modify,furt+ear or rnoke•rny accommodations with regard to the terms of this Security Inst rumem or�he Note without F ',�� �
<br /> � �:,:- ;`
<br /> . that Borrowtr'sconsent. E • `' • �
<br /> ' l2, Lopn ChorQet. If�he loan�:cured by Ihis Security Instrument i�subject to u law which Se1s muximum loan .
<br /> eherges, and that Inw iti tinally imerpreted so that the inlercwt or othrr loan charges collecled nr to hc rollected in �1 �
<br /> , connec�ion with the Inan exceed the permi�ted limits, ihen: fal any wch loan chnrge +h•rll M: reduced by �hr amuum „
<br /> • , ne�;eswry to reduce the churge tu the permitted limit;und(h)un��yumti already cnllrcted fmm ti<irruwer K•hich�xceeded � •
<br /> , , permitted limits will be refunded to Borrower.Lender mny rhoo.e�o makr Ihi�refund hy r�vlucing thr pnncipal owed ' ,''
<br /> . ' ' under the Nale or by muking u direct payment to Bi�rrower.If a refund reduc��prmcipaL�he reduction will be treated us a � t�, �„
<br /> �'�• .�y'� paniul prepaymtnt without:my rrepayment cnarge under the Note. � ^�• '�
<br /> � • �,;sl ;,;:,�,.
<br /> -��' • 13. Legislatiun 4freeting Lender's Rights. It'enuctmenl or eapiratinn of upplicohle law�, hus the effcwt af
<br /> � •'.;;;,� ,.
<br /> ,'��,.,. rendering Am prrvision of t he N�te or this Secun ty Instrument unenforcenblc�cc��rding tu n�ttrm�,Lender,ut rts option,
<br /> '\�i�.��. � ' `r i may require immrdiatr �wvmKnt in full of all.umy xecured hp thi�Secunty Instrumenl und muy im•oke an�� remedies ,
<br /> ,�'.� �' " �r' permitted by paragraph 1Q. 1P Lender eterci�esthis option.Lender shall take�he xtep.r s�cifledin the second pnrugrnp6 of f
<br /> ., . `:;r paragraph 17. �
<br /> , 14. Noticess. Am•a���ice t�Horrower providrd for in thi.r Security Imtrumrm tihall t+c gi�•�n hy Jelivrring u��r b�� t
<br /> mniling it by Brct class mail unles+ applicable law requirec use oP another method. 1'he nn�ice shnll be dire�ted ti� the � -
<br /> , ',,,;� Property Address or un}othrr addrrss Borrower designate.b�•natice to Lrndec Any ncnirc to Lcndcr shall be grven by . •
<br /> $nt class maiC t�L�nder s address staled herein or any rnher addrexc Lendrr de.ignAt��b��n��tire to Borroarr.Any noure
<br /> ; - � �'�;;;!'" provided for ia ih�s Szcuncy Instrument shall be deemed to have been gi�en t.�&�rrower nr Lender whrn given a�provided � .�
<br /> .. in thi�paraprapfi. . • .
<br /> • • 15. Gorereing I.aw:Sevcrability. Thi�Srcunry In.rtrumenc,haU t+c Eo,�crned hy fed�:aI Iaw und Ihe 1a�� of Ihe ,
<br /> jurisdictian�n w hirh thr Pro�rty�s lucated. In the e�en�that uny provitium or rlause�f ih i.S.cunty In.t:ument,z thr
<br /> '., Note conflicu w��h appl�:ablz law,such conflict �h�ll nut uflect other pro�i�wns��I th�ti Serunty� In�trumem c�r th�:`.�:z
<br /> which can he given cflerl��uhru�the rnnflirting prav��ion. Tii thi�end thc provi.���m��fihi.Scrurity Inrtruenem nn�d tht •
<br /> � Note are declared to Ix.e�rra2�lr. . .
<br /> 16. Borrower's('�op}. �,�r��urr.hall t,e gi�rn��nr.��nt;,rnti.•.:.�,r.„i�h:\„tr.in.:��i ihi.�rrunt� In��n�me»� ,
<br /> 17. Trnnsfer nt the Wmperty or�Beneficial laterest in Hurrower, ti aL�.�r �r.; p�rt u:thc Yrn��rc� ur rn} , .
<br /> inleres�in u i�x�ld ar tramtiarreJ lur if u benrficial imcrc�st m H��rruw•rr iti.i�ld��r uan,f�err:d �nd I��rn�wc�as rnt•r nutural � �
<br /> penon)wiihuut Lendrr'�pn��r wntten con,ent. Lender ma�•,at u.apt�an. reywrc imm�J��i�Q�}menl in cw����f all tium� '
<br /> secured by thi,Sccuru} In,�rument. H�,wr�cr. thn i�pn�,n�hall rn•r he rxri:�,cd I,� 1_enJ��it �rerri�e ��rr�,h�Mtr�l M
<br /> ' federallawa,��lthedatrol'�hiti5rcunt� ln+crum�nt.
<br /> � If Lrnder exrre�x+�h�+opuun.Lrnder shall g��r k�irruHCr nu�ece ut acc�lrratiae. 1 it�e��eic�+hall pru�►de�{krn�d
<br />_ .,F�.,�Ir.��h�n�O d��.from the d�[r the nute:e�ydeEnerrd rr m.�ded N�thin wh�c6 ii��rruNer mu�t�•ry all�um+�c�urrd by
<br /> � th�ti Secunt} Inctrurnrr�r if&�rroMrr f�d,t��pa4 th��,c.um�pri,�r*,,rhe rxprr�^c.�n �f th«r�•n��.i.I.rndcr ma�:in��►:e�eeS
<br /> remedteti�+rrmittedhy th�.5ecunrs In.r�umen�a�tthoutfunhcr n��r�,:ec�rdcman�tnn ii��rn�u�r
<br /> 18.Brmower's R{Rht to Rei�stnte. If Hittn�vrer meec��rrt,�in r�mJiu��u�. N��r►��uc•r•h:,ll ha�r the n�hr t�� h�4r •.
<br /> enforrrmenl of th��Sixurn��ln�trumenl Ji�cant�nued:u any�nrnr pnnr tu thr r.�rhrr��I 1�i� ,t.���i,�r wih��thcr p�•n.�d.�•
<br /> applicahlc law m•r�,pr�d'� li�r rrm�ta�cmrn�►hrtixr.alr of thr Pr���xrt� rur.uairt �a.�n}�+��wcr.�f�1e..�m�.r:n�.i�n�I���
<br /> �uril� Imtrum�n�.urlb►rnlr�ul'a�udgment rnf��rcu���hi.lccunl� In.uum.nt Ih���c .�•:,.l�i�,,n..�r.-rh�i [i��rr,�w�r
<br /> lal p�)r Lrnder �II wrn+ wh�rh�hrn wuuW hr dur undcr �h��ti�tunt� In�trumrnt .+nd �i�� �.�tr lia.1 n.� .�.�clrrau��n
<br /> I �xcurr�Yi.ihl rur��ai» Jvf:wlt ol an)• uthrr ru�enunl�ur aKny�mrnt�. 1�i pa�.aU r��w•n.c.n�currrd tn enlui.�ue th��
<br /> Setiurn� In,trument,mrluJin�t. hut not lim�ted tu. rra�onuhle.iu�,ruc�,' Irr.. an.f ��U trl�..u�h a�n��n a. I.n�ler ma�
<br /> , ' reaxmably� n�ymre�n a�+urc �hal the I�en��f th�+S�tiurtty Imtrum�•nt. Lrnde�'• nghtti m the Pr�q�rrt} .u�d Hurmwcr'.
<br /> obhg•rtwn �a pu) thr +um� ,rcureJ by ihn Srcunty In.trumcn� .huU �ununuc nn.hanF�cd l'�•rn rrm�tatcmrnt h�
<br /> ' Bormwer,thu�unt� In,trument Lnd the��hbgau��m.r.un�i IirreM .hrll rrmau►lull�cHi.u�r.�.il'nu a�rrl�reu��n ha�
<br /> c�ecurred Nowe�er,lh�ti nght tc�remstute+h�ll nut�ppl>m thr cr�r�d.icrelrrat�uo uuJr�paragraph� I i ar 1�
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