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<br /> • ' �'�•RECOROEU
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<br /> , . �9-�4��.�s�� ��-�
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<br /> � LOAN NO. 9769903 �g,Q��� �
<br /> � 8.Mortgoge YnsurAnce. If l,ender required monBoge insurancc as a wndition of m:ikinQ thc loan sccured by this ;
<br /> � . �ecudty Instcument,Borrower shnll pay the pmm6ums required t9 maintuin the mortgoge inaurance in effect. If,for uny
<br /> [easoa.tho rt�ortguge insurance caveruge required by L.cndec lupses or censes to be in cffcct,Bomower shull pay thc
<br /> ,: � � � premlums rcquire�to obtain coveraga aubatantlully equivalent to the mor[gs�e insurance prevlously in cffect.at u cost �;.
<br /> substnnti�lly equivalent to ehe cast to Borrower of tYte raloR�age lnsurtu►ce pteviously in�tfect, from an altemute
<br /> , rttortBAge inaurer apprnved by Leader. If subswntially equivulent monguge insurnnre rnvero�;e is �iot �vailnble. �_
<br /> � � � Bonower shall pAy to Lender euch month a sum equal to one•tweltih of the yeurly mortguge insurunce premium being
<br /> patd by Sormwer when the insurr�sice covemge tapsed or ceased to be in effect. Lender wltl accept, use nnd mtuia
<br /> ���^� these paymtnta ns n loss reserve in lieu of irtortgn�e lnsurena. Losa reserve paymeats may no ton�er 6e eequired,at �•_:``
<br /> �� ths option of Lender.if mongage insurance covcra�e(in the amount and for the period thut l.ender reqaires)provided E.N
<br />• � by an insumr uppmved by Lender agnin becomm�s uvatlable aad is obwined.�orrower shall pay the premlums cequired �,-°
<br /> . , to mtiiintain mortgu�a insurance in effect,or to pmvtde u Ioss reserve,until the requiremeat for mortgaQe insurance -
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<br /> enda in acoardance wlth any wrIttea nBreement between Aorrower�rtd I.endcr or appltcable luw.
<br /> 9.Iaspectton. Lender or its a�eat mtiy malce reasonablcs enMcs upon and iasgectjans otthe Property. Lender _
<br /> � ahatl give Borrower aotice at the time of or pdor to aa Inspecttoa specity[ng reasonable cuuse f4r ttae laspection.
<br /> 10.CoademnatEon. Tke pmceeds of aay uward or claim for dfunages,direct or conse uendal,in coanection witb
<br /> unat
<br /> • .,: ':+ aay condemaadan or other taking of rsny part of the Propeny, ot for conveynnce in lieu a coademnatioa,are hereby �
<br /> asslgned and shall be paid to Lender. --
<br />. � In the event of a tatal takiaa of the Property.the procaecis sball be applied to tbe sums secured by tbis S�urity --
<br /> . Instrument.whether oe not thea due,with any cxcas gaid to Borro��er.In the event of a pattial tnking af the Prug�rt�v �___
<br /> � in which thB fair market value of the Property immediately before the tntcia�is equal ro ur greater thnn the amouat off -
<br /> the suros secured by Wis 5ecurIry Instnunent jmnaedlately before tt►e taldr►g. unless Borrowerand Le3eder othenvise
<br /> - agree in writiag. tke sums secured by this Securtry Insuument shall be reduced by the Fuaount of t�e proceeds _
<br /> . � multiplied hy the following fr2�ction:(a)the totel araouttt of the swas secured immediately betore the takiag,divIded by
<br /> (b)the fair market value of the�avperty imme�ately befare the taking. Aay balance�!�dl be paid to Borrower.In the
<br /> - - event of u partlal taking of the�vpercy in which the fair�nerlcet value of thc PropeTty immrxliately before the taking is
<br /> "' less than the amnunt of the swns secured immedlately before che taking,unless Borrower and Leader othetwise agree
<br /> �' in writing or unless applicable faw atherwise pmvtdes, the proce�la shall be applied to thA swns sec�red by Wis
<br /> Secudty Inauument whether or not the sums ere then due.
<br /> ' if the Peoperty is abandoned by Borrower.or lf. after notice by Lender to Borrower that thE coademnor offers to
<br /> ,;.,t';;: make au award or settle a claim for demages.B�oimwer fails to respoad to I.eadcr within 30 days after the date the
<br />-- noflce Is ulven.Lender is authorized to collect and apply the pmceeds�at its option,either to restotation or repairr ac�
<br />�-�°����� . the Propcity or to the swas secumd by thia Securiry Iasaumeat.whether or aoc ihen duo. �
<br /> ' '"� � °`� Unless Lxnder And Borro�ver othenvise agree in writing, any applicadon of pmceeds to princtpal shall aot eRtend
<br />''"��'�� � ''� or postpone the due dt►te of che monthly paymenta refetred to in pFUagraphs 1 aad 2 or chenIIe the amaunt of such
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<br /> .,,,�.�<�.,�,� paymente.
<br /> °��`."`'. •;,�"' 11. Borrower Noi l3eies�s�l; Forbearanse By Lender No! u Weiver. ExtcasiQn of the tiuce for paymen3 or
<br />-=_�j;',(ti?�,i:�;..
<br /> _;;?;,;�. r z¢a�34Icutioa of umortization af t,hz sums secured by this SecurIry Instrument granted by I.ender to any successor iw
<br /> =°-.���;�,-�F�� interest of Bonower shail not opernte to release the lia�Sliry of the origic�al Borrower or Borrowsr's sncccasors i�1
<br /> -�:•_=�` , interest. Lender sh�il not be required to comxnence pracee�dings aga€ast any sucoessor in intere++t or reflue to estend
<br />_ °���� tiAte for payment or othecwise modify amortizat[on of the auzas secured by thia Security Iastnu�ent by mason of any
<br /> ~ 1� de�tsnd mude by she a�iginai Borrower ar Bonower's sucsessors ia 1nte�st.Any forbearance by I.ender in execcisins
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<br /> ��:�;,";', � any right or remedy s�all aot be a waiver of or preclude t6.e exercise of aay righc or remedy
<br /> _%`•���� 12.Successore und 1�ssigns Bonnd;Jotnt aad Several Ltability;Cast�ers. 'l9ie coveaants and agreements
<br /> - - of d�ia Securlty Instcument shell bind and benefit the successo�s and assigas of Lender and Bomower.subject to tho
<br /> --�;Y,�,�� pmvIstons of paragraPh 17. 8orrower's wvencints and agrceaaeats shall be joint aad acveret. Any Dorrower who
<br /> �,_z,�,�� co.s;gns this Securlty lnstrument but does nat execute the Nou: (a)ta casignLig thia Secwity lastrument only to
<br /> ,_-:�; , mortguge.graat and canvey that Borrower's interest in th�Property under the tem�s of this Securiry Gnsuument;(b)[s
<br /> JY_ `�t.�:� ' not personaliy obliguted to pny Qfie sums secured by thts Socurity Instrument:aad(c� agcee�that Lender end any
<br /> �s-���`;�' ofAer�orrower roay agree to ettaend�madiPy,fosbear or mnke any o.xommodations w^34h regecd to the terms of thts
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<br />-��_�u,."�r� g�uriry lastrutaYnt or the Note without that Borsmwer's consent.
<br />='-=•,�;;u.m�� 13.La+n�CB�u�es. If tho loFm serucat by thls SYCUrity Insaumene Is subject to a law whtc4i secs anaxlmum loan __
<br /> =-z��� chacges. and tma¢�aw ia finalty intecpreted sca ahat the interest or other Ioan charges collected or tm'bt ootlected in
<br /> - ---'=� oonnectton wlth the loaa eaceed the permitted 14mlts. thea�:(a)aaY such loan charge sha11 be mduced by the omouat
<br />- .y��?rs�� nECessary to redu�e the charge to the perm[tted limit; a�nd (b) any swns alraady collectad from Bortower which
<br />--�*..��_:r�..e �exceeded pern�itted limtts wtll be refunded to �omower. l,eader may choose to make this refund by reduciag e�:e
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