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<br /> ��.paymea�'taay m fa�r be tc�uit�at tt�e'opt�un of Lwder,if moagagt ins�tr�e oovetgge�tbe atnoutu���a��i�tlte period , .:
<br /> `' that Lender_ tirquires)Pra�►idal by an insurcr_appmved(iy�i,enda again beo�es avaifable and is duained.BOrrower slmil pag.
<br /> t6e pn�ium�requir�ed to pnair�in mortgage�++n••a„�,�ra e�aa�or te pnavide a loss resecve.m�il the re�ir�mau fo��nortgage`
<br /> �niwra�x eads in a000rdanct wit�any writoeu agreemau betwarr Borrawa aad Leader.or applicable law. � _
<br /> ` �� < .9.im�.L�eader or its agent may malce rtrsonaMe eacrles upon aid ir�speccions�if d�e Froperty..Lend�r sha(l give ' ------
<br /> - - - ,° Bonvwa eatioe�the time of or prior to an inspecu'`b�sp�Cifying reasooabte cause for the�pecdon. - _ . __- ----
<br /> —. ' • ` I0.Cand�on.The pcoomds of Tay aarar�i ar�m for.da�ages, dirat or coasg�imaal, in•ca�on with aay . . ______--
<br /> '� �eit or�er rokiag of any pait of the Pmperty.or fer ooevey�,in l�i of oonde�tio�.are hereby`assigaod a�sd ---_=
<br /> • shatI Ue paid�t�;�ldet: , _ . - -- � ���
<br /> = In ttn��ent of m t+�omt ralmrg of ti�e�P�ogeny.the prooeeds stiall be appiied m t�sums sae�+ed by tfis Sec�ity�, ��:,-_—
<br /> � wheti�er or tu4t d�rai dae,widr�p s�eess paid to.Bosio� tn th�evec�af a Fmrti�t�lring of the Ptbpecty�irt ahic6 d�e fair' .
<br /> .- � �adra vatue of the Frinpaty immodiand�befoie the taltiag is a�at to or gcrater thaa the a�uit of the sums securod bY tHis �'-=.n� _-
<br /> -_= Seariry trlsarum�t iu�mediarely befim�taYing.nttiess Bomnwer and Lmder o�wise agee in wri�ing.rht sums sceu�d by' --_-�-_
<br />°` 1 this�Saur�tY ins�nau sE�all be t+educed bp the amo�m of�6c procads mddptiod by the foitowing fraccion: (a)the totai- ' - . -___- -
<br /> --- au}cxurc of the swas securod immediatdy befmcie the t�ldng>divided by(b)the fair market'value of tde Pt+apaty ipmxdiatdp -==
<br /> _-�: 6efcm the tatCing. Any balance s1�a11 be paid w Bonower. ta tt��event of a p�i�ciai taking of the Pr`openy in which the fair ��:�;�_r=:.
<br /> �� amrka value.of d�e Pi+npa�ty ima�aoely before the taltiag is less theu the amount of:du sums saurod imme�auly befone du a�,�-
<br />�°; � taltit�g;ualess Borrower.aoci Irender otheiwise agroe in wiiting or nnless applicable!aw otherwise pmvides. che pra.�ealg sl�all ;; -
<br />- 1 bo app]iad w tbe swds sec�d isy this Sa�rit�r Is�arwnatt�vhat�a or aot tDe sums a�t dxn due. . _ �''��=--
<br /> - If tLe Properly is ab�dor�ed bY 8on+�wer.'or i�after�otia bq L,ender w Bormwec that tbe oondenuwr offas w malce aa � -.---_`_-
<br /> �_ awar0 or settte a elaim fes dan�gat;Bormwet faits w ttspoad oo i�ender vvitliin 34 days aRrr the dau the natice is giveo; �`��11.�--
<br /> = L�ender is autborhed oo colleet aad�pply IUe proc�eeds.at its option:ei�her w�scoratioa or repair of t6e Pro�erty or w tde swns' �`
<br /> . s�xv�d by'dus Savrity�t.wbeti�er ei aot d�en�due. - -,.� r:�
<br /> Udess I.ender and Boriower ad�env�se agiee in writia8.ffiY sPP1ic�Rion of pmoeeds w pcincipa! shall not extend or ��.,�
<br /> pastpane d�e dae date of the monhty p�yrt�eeta seferred to in pauagr�ts 1 artd 2 or c6ange the a�mow�t of sach payments. ` �i,=�_�_�=-
<br />_ 11.8orrnwer Not Aelased:Pae�eaeauoe By I.mder Nat a W�iiva.Extension qf the time for.PaYau�t or modification . ``.`
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<br /> �_ -; ' � of amort�on of tbe sw�sacured bry►_this 8ecucity Ias�ruma�u ge�nted by I.ender w aay suooessor in i�ta�est of Bomnwa sball ' _ �. . ...i -
<br /> :=r-�'.-x�,`,�`;�y not c'Per�oe to�+efetse tbe Uability of t6e origim�Bonawer or Sonnwer"s suoc�sors in i�ecest.l�der suafl noi be irquind oo , : -
<br /> ��=�.�:�_ oonuneaoe pnooeedings�any wvoasor in intaast or afase to�uend tuae for psyment or aherwise modify amomz�ion -
<br /> ;,� '� � Y;:�%�i?�� `. of the.wms iec�aeed by tl�s Searc�ty Iroavmau by n�won ot aay dwand m�de by tbe origitttl Bortnwer�or Bormwer's ' . . -=-
<br /> - �". `�=�-'.:- :,� wooa�s in inoarit. Auy farbe�raooe by Lander in botada�n8 mY rigbt or mnedy atmit oot be a aaiver ot or precl►�de the � ��
<br /> :'' =�,i� esa�ci�e of any fi�Lt oc tempdy. . . f =_
<br /> - � ' °'" lZ.8re�+e�ws ar ArIPs Z�d;�t�t ad , 1ba aovemo�a md o�tkis -'' :
<br />-,,. �;, ,:� �a�ee� IL1�it7'Ca�i�eias. ag�ea�s -*t.
<br /> . :�Y��a-�;. Sa�uIry b�onm�at�hat!bi�d ad bmefit tbe suo�eswrs aod �ssigas of L�e+der aad Bormwer.subjea to tbe pmvisions of .._, ,:'� "�
<br /> �` paa�apJ� 1T. Bonower'�oova�ants ud agc�neas shaJt be joiat and seve�l. At►y Bom>wet who co-sigas this Secudty "`-'r�'; =
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<br /> ����• ��", �- In�t 6ut dots aot exaute t6e Note: (a)is eo sigaing tWs Sepuity Iasunnient only w mqttgage.graat and coavry tdat ` � ' �;
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<br /> - - ,,,;�;��;::�`�=,.°<� Bomuaer's iistecest ia dit Praper[y u0der We terms of thfs Security Ias�ument:(b)�S aot persomlly ebligated to pay tde sums : ,�-: :,
<br />- - "-;��: sec�urod by tWs Sopaity Imuumw�and(c)agnees that Lendrr and aoy other Bonower may agnx to eatend.modify.forbear or `�;
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<br /> � .;'�:.�: •. , taabe aay aoeuptdfodatioas with n�tnd to the tern�s of this Seairiry Ima�ettt or t1u Note witl�art d�at Bormwer's consem. �. �. �
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<br /> ; , ..,z.� , � 13.Loa�n C�u�p.(f the loan secura!by this Security Instrumeat is subjxt to a law whish sets ma�ci�loan d�g�. - -- - -
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<br /> ;�'��;.;f,�: ..,:,,�;; aad that law is fi�Uy iaterpreted so tLat the interesc or otlur loan charges colte�or w be aollectad in connxaon with the � �
<br /> - ��::�--;:;::''L`': la�n e�oeed the pamItted limiu.then:(a)any such laan c�arge shall be nduced by the amount nec�sary w teduce the charge � . . `.
<br /> . .`�`�•._-.:::�'��rwr to the permittod llmi�and(b)any sums alrpdY collaxed from Borrower which excoeded permitted limiu wi11 be nfw�ded to � .
<br />� ._�`��'�_:�:,;�='f:`= Bonuwer. i.endtt may choose w make this refund by reducing du priacipat owed under the Note or by maki� a direct i ` � :
<br /> . •- __ . PaYmem ta Horrower. It a�refittd n�uces principal. the reduction• arill be treAted as a p�rdat prepayment arithoin a�ry f ..- ....
<br /> .. , �.i� �•.. � :�.. pf�pgyfll�flt ChiltgC YI1dC�thC NOtC. ' �..._..._.,:�_`__ ..
<br /> ,�;,�, ,: ', 14.Notias.Ar�y notice to Borrower psavided for in this Sacurity tnsaument shall be given by delivering it or by qrailing � �•� .
<br /> � - ' . '.' it by first clags m�il uiiless applIcabk I�w requires use of another method.The notice shall be directed to the Property Address �
<br /> �=� at any aher addtess Bonower dasign�tes by notice to LeAder. Any notice co Lcnder sdntl bc givea�by fint dass mvl to ' ; , ; _
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<br /> . . ^�!`z . .. . l.eader's address wata!herein or arty othcr addre�Lcnder designtes by notice to Borrower. Any notica providod for in this , ' _. . r
<br /> . . . Se�vriry Irtscrue�nt st�i!be Eeett�ed to have baen given to Bo�rvwer or Ltimder when given as providod in tMs pazagra�h. ; ....=-= �.
<br /> •-�^�- � r.:�� 1S.Goveentns Law:.Sevetability. This 5erurity fnsuument shall be gavemed by federal law and the taw of the % .� ' -�
<br /> ' � ' � � Jurfsdiction in which the Property is located. in cha event that any provision or clauce oP this Security Instrument ar the Note � .�' _
<br /> � ?�-��• �'�• contlicts wlth applicabte law.such conflict shail not affeCt other provisions of this Securiry Insttument.or the Nate which can be , i .' . � • .
<br /> - • °' . , ' ' � � -- given effec[without the confiicting provision.To this end the provisions of ehis Security Instrument and the Note are detlared �� " ��
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<br /> 4 M to be'severabie. --
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<br /> . 16.Borrovre�s Copy.Botrower sh�lf be givea one conformed wpy of the Note and of this Security Instrument. ! -��
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