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<br /> �•���1 ���� If L�ender raquired morl{a�e insura�a s condilion af m�kiop 1he(wn�cured by thi�Secu�ity Inttrumenb _
<br /> _�,;'�����-"�,�:, - Borrowe��hdl p�y�he pnmium�requ�rad to m�inain the inwr�nce�o eKec�umil such�im���Ihe requiromeM for Ihe _
<br /> �:s , � ,° . , io�umnce temnimta in�ccord�nco with Bonawer'�and l,ende�'�wMt�en aa�amem ar�pplic�ble I�w.
<br /> • �r�t-;''.,°_ '„ � Y, i�tp�cdw. Lender or iu a�mt may m�ke rauon�ble enmes u�n �od impocUonr of the Prapeny. Lender -
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<br /> ' �hdl�ive 8orcower natice�t the�irt�of or pria�ta�n impeclion��cilyin�rea�on�Me c�►u�e for�he in�poction. __
<br /> � 9. Co�d�wiutloa. The procoed�of Any awa�d ur cloim for�magcti,dircct�r cun`equcntiwl,in connxtian wilh �_:-- _ =--�-�-
<br /> �ny condemn�tion or other t�kinR of Any pan of the Propeny,or for conveyance m lieu oi condemn�lion,are hereby °-_-
<br /> � �{j:.� aai4ned�nd�h�ll be paid to Lender. ... —
<br /> . In the cvrnt of�tot�l t�king of thc PropcKy,the praceeds shdl be applied to the sumt aecurod by thi�Secu�ity ""`"`� -
<br />;,;; ,-,:,..;,:'.,._ Inatrument,whether or not then due,aith�ny cacets paid to Borrawer. In the avent of a p�hi�l t�king of the P�operty. ---
<br /> unless Borrower�nd Lend�r athervvik agrce in wnling,the sums secured by this Secu�ity Imtroment shal)be reduced by �`` .._��..�..,.�,.,;;._
<br /> • tho amount at the pracaods multiplied by the followin�fisction:(al the total amount of the�um�cecu�ed immedi�tely I,l� �.V.,�,,;;,,�;���, _
<br /> • before the ukinQ,divided bY(b)the i�i�muket value oi tAe Property unmediately before the takin�.Aoy balroa�hall be ,,:'
<br /> '`' "' pid toBorrower. --
<br />'. • lf the Property is�bandoned by Borcower.or i��fter notice by Lrnder to Borrower tbat the condemnor oA'e�s to �'�°=� �.
<br /> •• • m�ke aa swud or setlk a claim ior dama�es,Borrower fi�ils to rapond to Lender ari�hin 30 d�ya after the date the notive is . '��'�=
<br /> .. .. •
<br /> ' . given,Lender is aut6oriud to collect and�pply the proceeds.At its option.enMcr to restorstioa or repair of the PropenY or j,,:;;�;,;;�. ` _
<br /> � .' " w the swns socurod by t6is Security lastrumem.wheiher or not thrn due. ' l. _
<br /> Unkss Lende�and Borrower aherwise a�roe in writing.any Application os pracads to pnincip�l shall not extend or �.'°'- '�. .:�
<br /> � , , pcxtpoae the due dste of the monthiy paymentx referrad to in pYragraphs 1 Ami 2 ur change�hc smoun�of such paymrna. ����•�- .�=�
<br /> �'^���' `' 10. Borrowet Not Reld�ed;Forbearaace By I.eade� Not� Wauiver. Eatension oi the time for
<br /> ;.,.,��'}:.i: P/Y01t111 Of v.u-�;�. ---
<br /> . �• m o d i 8 c a t i o n o f�m o r t i z a t i o n o f t h e sums secured b y this Securit y Instrument gra�ted b y L e n d e r t o�n y s u c c e s s o r i o - _
<br /> " �� .' interest of 8orrower shall not operate to�elease the IiAbility of tha original Borrower or Borrower's successors i�imerat. .. :•:_I.f' ;_,�`-
<br /> " '_ .,,•, �'. ,�,.,.-. �,:,:,
<br />.i;`:�� „ � ..•.,,1; Lender shdl not be requirad to commence proceediogs against any succasor in interes�or refuse to extend time for . .��.�_
<br /> �. � - •,:,,.,; p�ymrn�or otherwise modify iunortiz�tion of the sums secured by�his Security 1 nstrument by reason of any demend made ( fi—�--
<br /> :+�" � • .. by the origind HorroNer or Horrower's succasors in ieterest.A�y forba9rance by Lender in e�e�cisina any ri�ht or remody `-
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<br /> . shall not ba a wuver of or preclude the exercise of any right or remedy. ;� ''� �� .'.
<br />;;M1�. , 11. Succsuors a�d Mdps Bowdt Joiat aod Se�eral Wbillty:Co-itgnen. The covcnants and agrcementa of ; '�'
<br />;:��,t , ,:.;,, this Security Instrummt ahall bind and beaest the successors and Assigns of i.ender and Borcoae�.�ubject ta the provi�ions , ',`�,. �
<br /> ;�.� ,,: . .'.,�:,;i oPpar�graph 17.Borrower's covenants And s�greements shwll be joint and several,Any Borrowcr who casigns thi:Security f' ��,. J;, ,.
<br />'i�� . '�a��t:'�' ��� � � '��'. In�t�ument but doa not exaute the N01e:(a)is co-xigning thix Security Instrument only to mangagG grant And convev Y;�,?{;t�';� .�
<br /> L.�, �� •� •..�..�•�e�.k�37r�.. . �:�'��� ��• �
<br />���, - -:�;r<<; thot Sarrawer's interr�t in t!u Prap:.rty undes sr:t�^ts�of this Secnrity lnssrua:er.;:tb)ia�ot�rsonslly�iigascd ta pay. : ;.
<br /> �� ' '���`��'� the sums secured b this Securit Instrument;and qc)a ras that Lender and au�c ather 8orrower ma a Pce to eatensf, . � f
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<br /> ;_�,+ madify,forbear or make any Accommodatjons with regard to the terms oi ti�is Szcur�ry Instrument or the Nate wiahoui . �.• „
<br /> ���•'' � • that Borrower's consrnt. ,. ��`e..�;_
<br />��;;;°'"� ' � 12, Lo�n CbrrQa. If the loara secured by this Security lnstrument is subject to a law which sets rnaximum l�wn �;. • �•:�.�,,.,��
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<br /> chuges, and that law in Rnally interpreted so that the interest or other loan charga collected or to t�e collected ln '�� . ;'.�.�ll�r�_°
<br /> � • �� connection with the loan exceed the permitted Grnias, then,(a)ony such loan charge shall be reduced 'by the amaunl � '' ;.;� ;�
<br /> neces.gary to reduce the charge to the permitted limit;and(b)any sums already callectod from 8orrower which eacaded �+''� ' �--
<br /> " '�����• rmitted limits will be refunded to Borrower. Lender may chonse to muke this rcfund by reducing the principal owed � � ���'
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<br /> • ,} under the Note or by making a direct payment ta Aorrower.If a rcfund reduca prineipal,the re�iuction will be treatod ac a . c,l�,��:•;•: .
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<br /> � ,'%;{�.�;��,, partia)prep�yment without eny prepaymmt charge under the No�e. 'ti>.�R.�;�i�`�{�
<br /> f �,�• ���t'" 13. I.egi�btion Alfecting I.endera Aights. If enactmem ar expiration of applicable laws has the etf'ect of � �s::
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<br /> , .S ''`'�'� ' � renderin �n rovision of the Note or this Security lnstrument unenforcenble accordin to its terms,Lender,nt its o tion, I ��'
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<br /> ' ,,;,��..;�,�; .' ',��t!�;�•; may Tequire immediAte pnyment in full of all sums secured by thi�,Secunq Insuumrnt and may invoke any remedits � ��
<br /> ' ,':''�.`a`, � rmiued b a ra h 19. If Lender exercises this o tion,I.ender Shall take the ste c s ified in the sccond ra ra fi of '
<br />_""..� .� • � •,..i,.,,_rti.. Pe YPu B P P P• P� P� B P .,;,R,�.�:�
<br /> ,..;,,.. ' r�,, ..,,:.' P�nBraPh 17. I ' .+�.:v —'
<br /> • � ' �'��,t�`.�.;;.� 14. Nodces. Any notice t�Borrower provided for in this Security Instrument shnll he given by ddivering it or by ! �i;•.;�� �;::�
<br /> � , � � � mailing it by 8rst class mail unless applicable law requires use of another method. The nouce shall be directed to the j � " ��
<br /> �� � Propeny Address or any other addras Borrower designates by notice to L.ender.Any notice to Lender shall be given by , �•"!'.�
<br /> i ��, • 8rat class mail to Lender's address stated herein or any other addres�Lendcr dcs�gnates by�otice ta Borrower.Any notice � �
<br /> ? 'ti �' ' provided�for in this Secunty Instrument shall be dcemed to have been grven to Bnrrower or I.ender when given as providcd � • �
<br />_ `'f` . inthispara�reph. ! ���'�•�`"•?"',,
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<br /> �� � IS. C.�eraiag Lw;Se�erxbllity. This Security Instrumenl shnll he govemed by Pe�leral law•and the lav:of the � ' �'
<br /> .;.�.':•:
<br /> ,�:��'�' jurisdiction in which the Property is located.In the event that any prnvisian or claur.e of this Secunty lnstrument or the i ; '
<br /> •�.;', .
<br /> � . f'"• • Note conflicts with applicable law,such conflict shall not aflect other prin•�sionr of this Security Instrumen�or the Note ,
<br /> �• , which can be given eflect without thecon8ictmg provision.1'o thi�enJ the rrav�sion+of th�s 5ecunty Instrument and the I '� . ..
<br /> Note arc declared to be severable. ' , .
<br /> 16. Borrower's Copy. 8orrower shall be grven one ronfi�rmed ropy of the Note�nd of�his Secunty Instrumeot. ,
<br /> 17. Trwncfer ot the Property or a Beneflcipl Interest in Horrower. If all cx any part of the propeny or any . �
<br /> interest in it is sold or transferred(ur if a t+eneNrial intercr�ro Harrower�s+ald ur t ransferred and Borrower i�not a natural
<br /> person)without Lender's pnor wntten ronsent. Lender muy,a����opuun,reyurce immcKi�ute�ayment in full of all sums ''.-
<br /> secured by th�s Secunty Instrumenl. Huwever. Ihi�opnun�hall n��t t+e exercixed by Lrnder if exercise�s prohibited by
<br /> � federal law ps of the date of this Secunry Instrument. I
<br /> If L.ender exercises this upunn,Lender shall gi�•e Rnrrnwcr nnuce of arrelrrnuun.The noUce shall provide a penod �
<br /> of not less than 30 days from the date the notice iti delwered or mailyd w�uhui u•h�ch liurrowrr must pay all cums�ecured by
<br /> � - - � � this Security Instrument If Borrower fads to pay these sum�pnar to�he expir:iuc�n of th�s penod,Lender mey invake any
<br /> remedies perm�tted by this Secunty Instrumen�w�thout fur�her nouccur demand un Harmwer.
<br /> 18.Borrower's RiQht to Reinstate. If 13urmwer meetti cenum randiu�rn..lk�rrower�hall have the naht ta have
<br /> '� enforcement of th�s Secunty Instrument dncununued li�any nme pn��r tu thr rarher�+f.la!S day�(or wch uther penod w
<br /> � applicable law may specify fnr rem+tutement 1 t►efore+ale of the Property pununnt�c�any�wwer of sale contamed in th�s
<br /> Secunty Instrument,or Ib)entry of a�udgment enfiircing thn Serun�}� In+trumrm Chutic condnwns ure thot &►rrower
<br /> ( (A)pays Lender all sums v►•hirh then would t►e due under[h�s 5erunty Imtrumen� and the Note had no accelrration
<br /> . .. �; oceurred: (b) wres�ny defnult of uny other covenents or agreements. Icl payti all eapen�e+ incurred in enforcmg th�s
<br /> • 5ecunty Instrument,mcludmg, but not limited �o, reasonable uttorney�' 1'ecw,anJ Id)e�ke++uch acuon as Lender may
<br /> � reasonably reqwre to assure that the I�en of this 5ecun�y Imtrument. Lcudcr'� ngh�s in the 1'ropeny and Elorrower's
<br /> ' obligation to pay the sums �ecured by th�s Secunty Instrument rhall conunue unchnnged. U�n re�nstatement by
<br /> ' �' Borrower,th�s Secunty Instrument nnd the c�bl�gations secured hereb}��hall rem,.��n fully effei:tive as dtr�.��:ctlerat�ort had
<br /> ' �' ��'� aceuned.However,this nght to ransl4te shall not apply m the case of acceteffacu,�under�aragtaphs i?or 17
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