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<br /> - -. -_-- _ st,the�on at Londer� It mort�e inautinoe ooven��e (in the�mount*nd tor the ��d�th�'�r�r�ej
<br /> p+avidd by�n InRUror�p�pr�ovad by L�nder yain MoontM�v�il�W�rnd io ol+t�inid.HurnaMat�t�ll p�y th�pewt�lutn�
<br /> e�quind to m�inaln n►artpp inara� in�ft�ct,a to provld�� lar�+e�erva uRdl th�rpuit�m�nt tat�nartp� :
<br /> Iw�+ala��nd�in a000rdma Nlth�ay Mdtbn��ewm�at btM�BorroMK�nd Lw�KMr ar�pp�tloabl�laM.
<br /> 9.I�s�otiou.Gnd�r or lu�jent m�y m�ke e+won�W�entrlM upaai�nd imp�odon�of ebi Prop�rty.t��d�r�11
<br /> dw HorroNa�notla�t tiM t1m�olor or to�n In�evtlo�sp�oifyi�nMOn�ble auM fo�thelrop�otlon.
<br /> 10.CooA�me�tloa.7'M� ot mq�a�M or aldm fnr dam��,diroot or ooirequent�a�in oanMation Mith
<br /> uqr oor�enn�don oe otfier ng ot aW P�����Y�or Ior oonveymoe in�11eu ut oon�rnn�don�u�e•h�nby
<br /> �ipMd and�Iwll b�p�id to l.ender.
<br /> - " � in ihe evatt of� wtal ta{cjnR ot the Property,the praaoeda elu�il be opplitld to the gume oecurod by thie Seaurity -
<br /> _ � Irotrumeni,Nhether or not then due,�►ith any exoea�paid to Borroper.In the event of a p�etial ukin�of tho Pe+operty in
<br /> - - -- Mhich the t�ir m�rket v�lue of the Property immedi�tely beforo the takin�ie aqwl to or�roster th�n the amount of the
<br />- eum�eeourod by thie Seaurlty In4trument immedi�taly betoro the akin�,unlees BorroMar and Lender otherwiee a�roo
<br /> ln MdtlnQ.the eume eeaurod by thie Seaurity lnstrument ohall be redurxd by the amount ot the proceede multiplied by
<br /> -- the fallocvin�iraation:(a) the tatn!amoient ot the aume aeaemd tmmedtntely betoro the tekjng,divided by(b)thn f,�ir �
<br /> � � muket wlue of the Pmperty immadiately befora the taking.My bd�nce ehall be paid to Borrower, In the event of a
<br /> p�rti�t t�IcjnQ ot the Property in Ml�ioh the f�ir market value ot the Pro�tty immedtately beioro the takin�is laes tfun
<br /> the amount of the sume securod immedi�tely before tho taicjr�.w�lees�orrow�er aad Lander othdwviae�aree in wrltinQ
<br /> _-= or unlees �ppltcable laa othenvise pmvides, the procaeds d�ail be applied to the sums aecw+od by this Sacw�ity
<br /> ' In�tcument Nhether or not the sume u�o then due.
<br /> - Ii the Prope�ty is ab�adonod by Horcoxer,or it.�ftor notioa by I.ender to Borrower that the condemrwr ofteta to
<br /> -- -- malce an a�ar�or soxtte a ctaim tor d�ma�es. Borroxor tails to rospond to Lender within 30 d+iys aftar the date the
<br /> -�� natice is�evan.Lender as authariud to oollect and apply the pincoeds,at its opdon,either w nawratian or repair of the ,__
<br /> �r i' - Property or to the aums axurod by this Socurity Instrument.whether or not then due. �
<br /> Unlese l.ender�nd Bornower alherMlse��roe in writing.any apptication�af�rocada to principal slull aot exterad�
<br /> � poatpone the due daee uf tfie monthly psyments ret�re� to in p�ra�ra�s 1 and 2 or ohsnee d�hs �mount af m�ah .
<br /> p�yments.
<br /> � ;;•�'' 11.Horrower��;�os Releaoed;Forbesnnca By Leader Not a Wsivm. Bxteneion of the tnr�ne for psymal�t ar•
<br /> moditiation ot amortiz�tion ot the sums sx�ered by thia Sscurity Ineq�ument granted by Lender to sny suecessar in
<br />;,�,,: intareet o?Borroaer alult not opetate to rolase the liabllity oi the oriQinal Borrower or Borrower's eucc�ssors in ' Y
<br /> >;�c�, interaet.L.ender elull not be required w commenoe ptooeedln�a a�ainst uny n�oceseor in interost or retusa to�rtend _
<br /> ��'� 'K�r!! time tor paqment or otherwise madi[y�mortization of the aums secured by thjs Security Instrument by re�son of�ny _
<br />-:sT'�' � ' demand m�de by the ori�i�ul Borrower or Borrower's succes�ors in int�resc.Any torbearmce by I.ende�in exercisin� —
<br /> � . f>,�: ° ..
<br /> r ;: ��}' , ; +ny ri�ht a�r remedy ahall not be a w�iver of or praalude the axan�fse of any ri�ht or remedy.
<br /> �• �r�_. IZ.�iiocos��s ind Auisn�Houod;Joint and Several Lbbility;Co�sisnera.The covanants and�groements
<br />::'�;;i' , - �!S��`;�'�", 'of this Secwity Inst��ament ahell bind �nd ben�tit the successars end assigna of I.onder and Homoaer,subjeat to the
<br />` � '� ;�,� -s. � �wF'�.":;:�. provieions of p�ragraPh 17.Borrower's covenants and�greemente sh�ll bB joint and several.Any Borrowec who co sl�ns
<br /> '��'�: ;��^;.• , '� � thie 3ecurity Instrument but das not eAecute tfie Note: (a) ie co slg�ning tbie Secur�ty Inetrument only to mort�a�e,
<br /> .;�. �:��.�;:;��`.�;, ..`�. �rant and convoy that Borrowa�'s intercst i� the Proporty under the terms ot thie Security inatrument;(b) is not
<br />:_as. ,, � ; .P y.7.�,ek� ,..
<br />-_.� �,% ��:w�!� pereotully obli�atod to psy the sums eecured by thia Soaur�ty Instrument;and (c) agroes thet Lender and any other _
<br /> -;.}�., Borroaer may a�ree to axtend�modify.torbear or make any a000mmod�tione with r+e�ard to the terme ot thls Security
<br /> - �' ' ;���,,;,,;�„„. Inetrumentor tho Note without that Borrower's wnsent.
<br /> �- ;�„i,.. ' 13.Lwn Ch�r�es.Ii the loan securod by thia Socurity Instrument ia subject to a law which aets m��mum Iwn
<br />__ chuQee,and that law �s ti�ully interpnted so that the interest or other Iwn ciwQes c�llected or to be collected in
<br /> � � connaction with the loan exueed the permitted limits,then: (a)any auch loan cturQe ehdl be reduoed by the amount
<br /> - � � necassary w reduco the clur�a to tho permitted limit; and (b) any eums al�+eady collxtod irom Borrower which
<br />, i:•. . �:*..;_.',. ; ,
<br /> . ` � �•;,,.:.,�,; .;: exceeded pocmitted limita will be rofunded w Borrowar. I.ender may chooae to mdce this rotund by reducin� the
<br />�;j �� ��.;�.� ' ° , princlp�l owed under the Note or by m�king a direct p�yment w Borrower.If e retund roduxs princlpel,the roduetion �.�`.�:
<br /> -- -- �c;��•�� �. will be treated as a partial prepeyment without any prepoyment chsrga under the Note. :.�—
<br /> '�'��"'�" "`� "''': 14.Notices,My notice to Borroaer provided for in thie Security Instrumentahell be given by delivering it or by ==
<br /> ��
<br /> ,5�`'��'�x� � �� ' mailing it by first c�as9 mail unlesa�pplicable Iaw requires use o!another method.The notice shall be diroctod to the ---
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<br /> �;�:.;� Property Addreas or any other address Borrower designates by notice to Lender.Any notice to l.eader shaU be�ivrn by
<br /> +•:.*�---.•- - , � .
<br /> • �,�;._ , tirst class mai) to I,�nder s address staud herein or any other address I.,ender designates by notice to Borrower. Any �f:�
<br /> ��. , notice provided for in this Security Instrument shall be deemed to have been�iven to Borrower or l.ender whrn�ivrn ��;x
<br />- ' '''„���. �; �e ovided in this ara h.
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<br /> x•'` ' 13.Governia�I.aw; Severability. This Security Instrument shall be governed by federal I�cv�nd the la�v ot the
<br /> � � .���..� juri�dicti�n in which the Pmperty ia loc�ted.In the event that any provision or clause o!this Security Instrument or the -- -
<br />_- � ' Note conTlicts with applicable laa�such mnflict ahall not attxt other provisions oi this Security Inatrumentor tha Nou
<br /> �.'� ;;'��`*�+'�".•�� +�' which t� be�iven etf�ect without the conflicting provieion.To this end t3ee provieions ot this Security Inatrument and ��-:
<br />�.+'•' ;+�;���, . � the Nok sre declared to 6e severtble. :�,�.�;
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