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<br /> "' pnyrftenta m�y no longtr tsa rcc�uircd.at thc'Bption of[.ender,ef mo�tgage Insuvoncc covcr�e(in the umaunt nr:d for the p.riad �-__
<br /> that Lender eequlrc�}pravidcd by an insurer opprovcd by Lendcr ngnln�scoir�c�nvntichle us�d is obtaincd. [�orrawcr ehnli pny [-_�
<br /> - the prcynium�rcquirsdta �ik�intain�nortgage ineurnrice in cficct.ar taproa+IGo�r lo:�s reserve.undl tha requirenicnt far nioetQaBe �:�
<br /> inaumnGC ends in nccoraanco�•�ith nny written ngrcemcnt betrrcen lie�tro�vcr nttd Lcadcr or apnlicablc law. o-_-_.
<br /> 9. AiL4�JCCtton.len�cr�ss tu►agent may mnkc rcasonn6le cntNe�u�nn ttnd Ir�fi�CCtiona of ehc Peopcaty. l.cndcr RhnU�Ivc [,__,-�_
<br /> �# Bonower notice at trio timc of or prior to an InspecNan epeclfying reuaeuu5te cuusc �or t ie inspsction. -
<br /> Y0. Condcm�.�tlose."Ihe y�rocecds of nny nward or cinim for dnm�ges. dire�:t or conscquential, in �onnastion with nny r.:
<br /> condemnatlon or other tuking of any part of Ueo Froperty.or for conveyancc in lieu og wn�eiruiatioi�.aee iiaraby�dSSI�IIt�Q�u�d �
<br /> = '"`"�`� ahail be p�td ro Lcnder. -•-
<br /> _� !n t2�e eventof atotal takiag of the Property,the procci�ls shall be applied to�e sums secured by tbin Securlty sustrument, _
<br /> whether o�uat ttx�due, wlth eay ezcRSS paid to Borrower. in the event of a partiel teking of the Pmperty ia.which the fuir
<br /> b raarket value of the Prapeity imme�ately before the taking is equal to or greaur thaa the araouat of the sums aecured by thls Y_
<br /> `r. $. Secnrity Insuuaneat im�aediately before the taking.ualesa Borrower and L.endexotis�nvise agree in wrfting,tho suma srxured by --
<br /> �= thfis Secur�ry Instrumtnt shatl be redacefl by the amount af ti►e proceeds�n�itip5ied by the following fractton: (a) the tou+l �-
<br /> � amount of the sums se�ured immediately before the[aking,divlded by (b)the fan:market value of thB Progerty iramediatety
<br /> . �
<br /> . '� before the taldng. �►ny balence shall be paid w Borrower.In the event of a paraiel taking of the Proparty in,.which the fair
<br /> •� - market value o8 the Progerty imme�iately before the taking is less t6an the aaioun�L of the sums secured immediutely befare the
<br /> .: takin8,unlesa�orrower and Lender otherwise agree!n wridng ar ualess appliaibIl.lavu othervvise pmvldes.t�w,pracseds suall
<br /> �•��•�r"•" be applied to tDae swns secured by this Securiry Insuvment whether or not thee sucic are then due.
<br /> ' - � If the A»perty is abandmned by BQ:rower,or if,after notIce by Lender to Boxrower that the conde�nnor offi�s to make aa
<br /> ";, awacd or settle a clai� for damages,Borrower faila to res�ond to Lenda wltsin 30 days after the date the notice is giveu.
<br /> -�•''���� • Lender is authorized to caUeci and apply the pmceeds.at its opuoa,either to r�storedon or repair of the Propatey or to the suma
<br /> • secured by this Seauiry Instru+ment,whether or not thea due. �?F��
<br /> ,'-'k�;���. Unless I.ender and Bormwer othenvise agree in wridng�as►y a�plicatian mf gmceeda to psincipal s�,ull•aot exterul or �;;,
<br /> •;^^'s�`� s ne the dme dam of the monthly p�yrrieats refeired to in para�ap4s,1 aad 2 nr change the tu�ount of such paymenta.
<br /> �.•�:�� Po�
<br /> �: ti�,.�c 11.BOT[�WC='NDL RCIC�lSElI�FOY�E�iRIICC By LeA�'NOt�'W1l�`f�Pl.E�uei�aion of the time for payme�t or mastiLcarieai
<br /> ,_-�,-. ,, ti.,
<br /> '�.:; ' of amortiza t ion o f t he s�uus s e c u r e d by t h i a S e c u n't Y I n s t 9 v m e n t g r a n t e d b y L e n d e'r w an y successor in intems�cF�orrow�lr�3a11 _
<br /> :;��,f�: ��no�uperate to release tb.e linbiliry of the orlginal Borrower or Borrower's aucc:essmzs Ia incerest.Lender sh�{!�wat-be requic+ed co
<br /> -,�s��� � ainst any successor in interest or refiue to extend tirne•for payment or othexwise�d`��iit�+amortjzaiion
<br /> -- ":x,�.,,�v� commence pretcedings ag
<br />—.:,�,.m.�_�
<br />�.,,��� � .of the sums seared by this Sc�urity IInsuument by reason of any demand made by the or�glnal Borcower or orrov�rrr s
<br /> �success,ors in intex+est.Amy forbearance by•Lender in e,zen�ising any dght or nmeedY shall aot be a waiver of or preclude•�he
<br /> TM=:-�;�,� eaercise of any dgiztor remeciy. •, = -
<br /> `"`=`�� 12. Suacesso�ara�A�sign�a Bound;Joiut and Several L�tabUi4y;Caslga�eas.The covenants and �'3�r,xments ef this °_
<br /> =---� Secudty Instrument�haU bind and,b�efit the successo�s and assigns of Lendea�and Borrower, subject ta•�tr provisions of v��
<br /> --°""�°'-- paragraph 17_ Borrower's covenants aad agreements shall be jouu and severa�.Any Borrowrs who co•si�ia this So�a��!iy
<br /> -- Instniment but da�s mot execute the Note: (a)is co-signing this Senuity Insnur�eat only to mortgage, graut•,aad wnvey�at
<br /> _:-�"------ Bcmower's launst in t7ie Property under the terma of tl�is Secudty Instn�enr(b)is not personally obliIIflted w pay the�snms
<br />--��°� sccured by tLis 5eeauiry Instrument;aad(c)ag�rees thai Lender aad any otDer Borro�ver may agree to extend�wodify.forba�r or
<br /> _���� maYe any axomiaodationa with ngard to the terms of thia Secudty L►strumcnt or the IoIote wtthout that Borran��r's eansr,nt, -
<br /> s� _ 1�.Loan C�es.If the loan socttted by this Secvslty Insuument 1s subj�t to a law�►hich s�s nuv3nriiat la2tt clts�rga.
<br /> -°-- and that law is finaUy inutpnud so chat the intere�t or ether loan charges callocted or to be coll�tcd in cotmectton with the
<br /> loan oxcud the pena[tted lirnits,then: <o)anY such loaa chsrge sLaU he reduced by the ainount aecessary to a�Pdua the charge
<br /> - -- - to the permitied limt: and(b)az►Y aw�s already collxted fc�m Bonower wbdth �od Permitud Umita wiU be rofunded to
<br /> �orrower. t.enaer ma3► choose to maks ti�is nfund by roducing t6e prlds�pal owed uuder the Not� or�hy�making a dirxt —
<br /> ..,_� paymeat to Bomoaer. If a nfund reduas principai. �he rcdusdon will �e arated as a partial pmpuyn1ant r�ithout�any
<br /> - - — pi,epayment�rg�under the Note. ,
<br /> - ------- 14.Not�a+. Any nod�e w Bornu�ver provtded for in this Secuciry Instr�'cat shall be givea by delivertng�it or by�nilit►g
<br /> -- it by first clas�mall nnlas applicable law�equ�res use of enother method.'�e noti�oe ahaU be directed to tLd�F,ro�erty Addcess
<br /> --- or any other addres+PJucrower designates by aoda to lsad�r_ Any noti�to Lea�der shell be given by���'irst class mail w
<br /> L,endsr•s address sutad heoein or any other addnss Le�der designates by aztda3 10 Bonower.My notica Qlrovided for in this
<br /> - — Securlty Insu-nms�t ahall be dcemed to have ban given to BoRrower or Lend�r ar�xn given as pmvlded ia thN paragi'sph.
<br /> 15.Govetnfng I.aw; ScverAbElity. This Security inshument st�ll .'be goveaaed by foderal law mnd the 1aw of the
<br /> -� jurisdicdon in aLich the Property is located.In the event tbat any prnvieio�or ctau,e of this Sccurity ta�c^ament or the Note
<br /> --- - aonflirts wi�sp�licable law.such oonAict shall not affect other pmvisions a��thi�Security Insm�mem or ehd�Nat$which can be .
<br /> —=.:;:� given effax vuithout the waflicriag provision.To this end the pnovisions of ihis Secur�ty tn��^t and tha�Note are declmr.d
<br /> _-°""°-----= to be sevenble.
<br /> --�'—� 16.Borrower'a Gpy. Bomrnver�aU be given ome oonformed�py of tht LVo:e and of this St�curity Sn�",rumsnt.
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