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<br /> P�Y�+�Y no lon�a be rarylred�it the oplfon o;P l,enda�.if mortpge inwranca cove�e(ia tbe amoud�nd tor the paiad
<br /> tlut i.endar rnqufre�)Pro�'Ided by�n inwoer�ppr+uvad by Lcntbr a�dn beooma�vd4�ble�td it obtoined.Borroaor ihaU pnr
<br /> the pre�aiunu roquirod W m�intaia mort,�e i�uurmoe in ef�ect.or w provWe�lou raerve. until�he requirm�nt far mo�e
<br /> iawranoe adt in woorduioe with any wriuen�teemait betwea�Borrower and LeMer or�pplipbl�law.
<br /> 9.I�pecl{oa. t,c�ier or iu�ent may mulce rmw�ubla cntria upon and inspoctia4 of tho Pnupaty. [.a�der�If�ive
<br /> Borrowu notioe at tho dme of or prbr to�n impa:tio��pecifyin��on�ble cause fcr�F�a inrpenion.
<br /> !0. Cuadamo�Haa. The procerds of any awud or cl�m far dan�a, dircrl or consequaKid.in oauweplon witb�ny
<br /> - _. condemnation or ather mlcinQ of any pa�t of tha Pro�xrty.or for codvoyanoe in lieu of eondemtation.u�e hereby aa�igned ad
<br /> �hall bo psid to I.endrr.
<br /> In the event of�Wq!t�lcinQ of the Property,tfw proceoda thaJl be�ppliad W�he wrtu savrod by this Savrity lnstnumnt.
<br /> - wh�tl�er or not then due, with �ny cxocu paid to Borrower. In the event of a prrtid t�king of thc Property in which tho fair
<br />-- ^ morkd valuo of tha Properly immedGUely beforo the toking ls equal to or grwter ttwn the wtnoant af Ihe wms�ecurod by thi�
<br /> Securiry tncuuman fmmedluely befon�he caking.uNas Hocmwu and Ladei n�hmwice igret in wriHng, �he RumR�ecurd by
<br /> — tdls Security Insuument shall be redua0 by tbe amount of ti►e ptnroods muldpliod by the following fiaction: (a)tl�e WUI
<br /> anwunt of the aumr securod immediwtcly befbrc the tdcing. diWded by(b)thc fefr mar�cet v�lue of the Property imrrodiaWy
<br /> -" btforc the taldng. My balanx shall bc puid to 8ormwer. In thc event of a p�ol talcing of thc Property in which tUe falr
<br /> mulc�et value of thc Pnoperty immediotely befor�e the takfng is lesa tiwn thc wnount of the sumq savrod immediwely beforo tho
<br /> '��- t�king.unles�Bnrrower wxl Leader ott�envise ag�e in writing oc unless applicable low dhenvise provides.the ptnc�oodt s1�1!
<br /> _ be applied to the wuns ceeurod by thia Securiry I�nurnrnt whether or not the sums ar+e then due.
<br /> If the ih�nperty is abaMoned by Borrower,or if.�fter notice by Lender to Borrower thet the oondemnor of�'as w malce ao
<br />.;r�;�� award or settle a claim for danwges. Borrower fails to respond to i.ender within 30 deys after the date d►e notica is givea,
<br /> - Lender is au�harizad to colloct a�nd Apply the pro�oeods.u its opt�on.either to ratoration or rcpatr of tha Pnnperty or to tbe wins
<br />- �� � cxurod by this Security Instrument,whether or nott then due.
<br />- �^ Unless Le�er and Borrower ahenvise r�gree in writing. anY application of prooaeds to princfpal shell not ext�! or
<br /> � postpone the duc datc of 1he monthly payrn�nts rcferred w in paragrnphs 1 and 2 ar chonge the amount of such p�yments.
<br /> _ 11.Borrow�NW ReleASedi Forbwrana By I.endcT Not A Wplver.Eatension of the Ume for payment or modific�tlon
<br /> ;,:..•:�:�<<'.':�, of amofization of�he snms securod by this Security Instrument gntnted by Lenc9er to any successor in itnerest of Hormwer shall
<br /> - ;�``?�c�:±�.�. not operat�w release the liability of�he original Bomuwer or 8omower's sucassora in intercst. Lender shall not be rcquired W
<br /> . ',i.�.,;: ,_ .., .
<br /> , ,.,,,,,;.„�:� oomma�ce proceedings against any successor in interest or refuse to extend time far payment or otherwise madify amurtiz�ion
<br /> -',. " ''�'`�,}'�"' of the sums secured by this Secu�ity Instrument by reason of any demand made by the original Borrower or Borrower'�
<br /> -� " ' successors in interest. Any forbea�by Lender ia exencising any right or remody siwll not be a w�lver of or p�erlude the
<br /> °Mi:z;�,�•: .;!��.-� ex�cia�of any iight o� �iiin�iy.
<br /> . • �:�';i:';.� , 12. Sua�r� wid Assi�os Ba�ad; Jofat and Several 1.iaWlity; Co-sigoe�. The oovenants and agreements of this
<br /> � �;���t:.'i•' Security Instrument sh�ll bind sind beaefit the successors and assigns of Lender and Borrower, subject to die provisians of -
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<br /> • . , :'',f`s r'' paragrnph 17. Bornnwer's covenants and agreements shall be joint and several. Any Bornower who co-signs this Savriry
<br /> instrument but does not execute the Note: (a) is co-sigoing this Security Instrum�nt only to morigage,grant su�d convey dtat
<br /> „ � �� Borrower's interest in the Propeny under the terms of this Security Instrument; (b) is not persnnally obligated to pay the sums
<br /> ° secured by this Security Instrumenr and(c)agrees that Lender a�any other Borrower may agree to extend,modify.forbe9r or
<br /> -_ , make any accommodations wfth regard to the terms of this Securih�Instrument or the Note without that Borrower's conser►t.
<br />__ . ,� 13.Loan Ciwrges.If the loen secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br />`-- r: " • , and that law ia finally interpreted so thut the intarest or other loan charges collected or to be collacted in connection with the
<br /> � ' �` - loan exceed the permitted limits,then: (al uny such loun churge shall be reduceci by the amount necessary to reduce the charge
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<br /> 4� ��� - . to the permitted limit: and (b)siny sums already collected from Borrower which exceecled permitted limits will be refundod to
<br /> , .,'��;�;:,��.;.; Borrower. Lender msiy choose to make this refunJ by reducing the prinripal uwed under the Note or by making a direct -
<br /> `����' �wyu�cui w Borrower. If a refund reduces pnncip�l, the nduction will be treated as a partial prepayment without any -
<br /> , '" , '�(!rc'��i, w _.
<br /> : - .• , • . prepayment charge undcr the Note.
<br /> • 14.Notk�es.Any notice to Borrower provideci tar in this Security Instrwneot sholl be given by delivering ft or by meiling
<br /> � ••� it by first clu4s mail unles� upplicable law requires u:e of another method. The no»ce shall be directed to the 1'roperty Address
<br /> ' or any aher addrcss Borcower de�ignates by nutice to l.ender. Any notice to Lender shall be given by first class mail to -
<br /> ,. • Lendcr's address swted hcrcin or any other:uldres�l.ender designate�by notice to Borrower. Any notice provided for in this
<br /> �° • Security Instrument shall be dcemed to huve tx:en gi��en io &mower or Lendcr when given as provided in this paragraph.
<br /> '`"' : j �f' 15.Governing IaM•; Severabi8ty. Thia Security Instrument shall be governod by federnl law and the law of the
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<br /> . "• jurisdiction in which the Property is loca�ed. In the event �hat •rny provision o�clause of this Security Instrument or the Note
<br />'- � ° conflicts with npplicable luw,such contlict shnll not affect nthcr pr�witiions of this Sc�urity Insln�men�or the Note which can be �
<br /> '; • " �•�•' given effect without the mnflicting pmvi�ion. Ta this end the pravi,ium ol'�his Serurity Ins[rument and the Note ere dec�ered
<br /> :i ;';� to be severable. -
<br /> �•� � 16.Borrawer's Copy.Born►wer shall be Fiven one confor►ned copy of the Nate und of this Security[nstrumient. F`
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<br />, , . " :,�'. Form 30�8 9180 �'
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