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<br /> WY����[a��ired��t the aptlon of l�e+der..lf nwrtp�e ta�arninoe oovar�tl�e�mounti�We pMiod .
<br /> .dMf Ludir rroquitw)pcavkled by�n imurc�'rpgroved by l�mdoc qdo baoor�rs avdl�bie and i�obt�inad.sorrotveF�pq "
<br /> tbe pnemiwm nequfrod w m�ieaaoin mo=e�ye inunuioe in elrad.a tn p�vvWe�laa naa�ve�undl tha requiranait foe� .
<br /> , itMUr�nce and�is a000�nos with any wriqen�anaic batMeen Dorrowar aad Lander ar applk�ble 4iw. .
<br /> . !. Io�p�cflor.Leader or ita�atit ma3►m�lre rnrorwbk er�s upon md inpection�ot d�e Property. l.a�der�bdl.`� "
<br /> Borrowcr nafoo�tue tirae of or pdor to�n inq��ction�pocifyin�rauan�ble aw�e for the inipection.
<br /> l�. C.osda�tloa.The proaeds of any awud or claim for dmu�a,direct or owuoque,nti�l. in connection wlth�oy
<br /> opndeimurdun ot wher Wcin�ot any p�t of the Pro�a�sy.or for aonvey+ioca io Iku of aonda�u�tlon.ue heneby�nipied�rd
<br /> ----- rJw1I 6e peid ta Lender.
<br /> In the eveot of a toW taking of the Property.lha prooeedc ahall be spplied W the sum:securod by�his Secudty IrutnuaaK.
<br /> whether or not�hen duc, with iury esax+e paid to Borrower. In the event af�pwrti�) tpkiag of the Proparty in which th�fiir
<br /> nw1cG value of the Property imin�dfately before t6c t�IcL�g is eqwi to ar g�ta�tlun the�nount of the�ums�avred by tl�is
<br /> — • -- Sawrity Inshumrnt immediet�ly befi+re tf��Alcing,nnkma iLwmwcr and I.a�cier otM.rwirs agme in arlting.tbe wm�securod hy
<br /> tWs Seeurity Instn�men[ shall be reduced by tho�nount of the proeeedr multiplied by the folbwjng fraction: (s)the toW
<br /> annunt pf the sua�s�curod inurrdlately before iliee taking.divided by(b) the fair marl�ct valuc of the Praperty iaunodiatdy
<br /> b�fae the taking. Any b�lurx sJwll be prid ta Hotrower. in �he event of a partial wking of the Pmperty in whia6 tde fdr
<br /> markd vulue of tha Propuiy imnxdiatdy befa�e thc talc�ng is less Ihan tha amount of the sumc soeurod immedi�teJy beforo tt6e
<br /> ea�ing,unt�s Borrowar nrd l.ender otherWise agrw in writing or unless applicabto law otherwlso providea.the pm000ds c1uQ
<br /> be applied to the suma secured by Ihis Secudty Instrument whetlur or not 1he aums Are tix.m due.
<br /> If tht Propetty is a6andonod by Bortower.or if,after notia by Lender ta Borrower thAt the condannor offerc to make w
<br /> awerd or settic a claim for damsges. Borcawer fails w respond w Lencler within 30 days after the date the natice is�iveu.
<br /> �-� L.ender is authodzed to oollect and apply the proouds.�t Its option,either to ratoration or repair of Ihe Property or lo tbe�uan
<br /> — eacured by this Secudty Instrument,whether or not then due.
<br /> UNess [.endcr end Borrower othcnvise agrce in writing. airy application of pruceeds to princiPal shall not extend or
<br /> postpone the duc date of the monthly paymenta mfemed to in paragr�phs! and 2 or change the amount of such payments.
<br /> 11. Bon�ower Nut Rdeased=Forbearance Sy Lender Not a Wolver. Eatension of the time for payrria�t or modification
<br /> of arronization of the sumg serured by lhis Securiry Inatrument gcanted by l.erder to any successor in intsrest of Borrower siwll
<br /> not operate to release the liability of the original Borcower or Borrower's succGC.goB in interest, Lender shell not be requirod w
<br />- commence pnxeedings against any successor in interest or refuse to extend time for payment or othcrwise modify amortization
<br />- of the sums securod by this Secudty Instrument by reason of any dertwnd made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearanoe by Lender in eaet+cisin$any rigMt or i+emody shAll not be a waiver of or preclude tho
<br /> exercise of any right or pemedy.
<br /> - 12. Suocessor�a�id AsstQas Ibund; Jdnt and Severai �.i�biiity;Co-signeis. The covenents and ag�eements af this
<br /> Security Instn�rnent shall bind anc! benefit the successors and assig�s of l.ender and Borrower, subject to tbe �rovisfons of
<br /> paragraph 17. Borrower's covenants and agrcemanta shall be joint and several. Any Borrower who co-signs thls Secudty
<br />'-�. Instrument but dces not execute the Nate: (a)is rn-signing this Securfty Instrument only to mortgage,grant and convey that
<br /> ° , Borrower's interest in the Property under the tetcns of this Socudty Instrumenh,(b)is nW personally obligatod to pay the sumg
<br />- securad by this Securiry Instrument;and(c)agrees Ihat l.ender and any other Borrower may agree to extend,madify,forbear or
<br /> m�ke any accommadetions with regard to the tennr,of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. I.oan Clw�ges. If the loan secured by tMie Security Instrument is subject to n lew which sets maximum loan charges,
<br />- ancl that law Is finally interpreted so that the intercst or other loan charges collerted or to be collected io connection with the
<br /> ���; loan exceed thc permined limits. then: (a)any such I�n chnrge shall be raiuced by tha umaunt necessary to reduce the charge
<br /> to the permitted limit;iu►d(b►any sums alreudy coUected from Borrower which exceedod permitted limits will be refunded to
<br /> ,� �„ 6artower. Lender may choose to make this refund by reducing the principal owed under the Nctite or by making a direct
<br /> ���ia, ' pAyment to Barrowcr. If u refund reduces principul, the reduction will be treuted as a psutial prepayment withaut any
<br /> �" •"�«�: • �� prepayment charge under�he Note.
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<br />- ,;• ,...,�:. .i l4. Notices.Any notice to&�rmwer providod for in this Security Inslrument shall he given by delivering it or by mailing
<br /> � �"`��.`��;'r,:',"!�`•�;is it by first class muil unless upplicable luw requires ul;e ot•rnother methad.The ncnice shull be directed�o the Property Address
<br /> ..;��'i�4��'+;�,'
<br /> or any other adJre�s Borrower designates by n�nice to Lender. Any ncNice to l.cnJer shall be given by first class mail to
<br /> �1i"'�"' L.ender's addresti statcd hcrcin or any othcr addr�r+s Lender detiignwes by notice to BoROwer. Any notice provided for in this
<br />�=�""—���� Security Instrument shall be dcemed to have bcen given tu Borcower or l.ender when given as provided in this parugraph.
<br /> ""��""" 1S. Governing I.aw; Severability. This Security Instrument shull be govemed by feder�l law und Ihe law of the
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<br /> ::•.}f.�,.,�,,�• jurisdiction in �vhich the Propeny is locatai. M thc event thut any pmvision or rlAUk:of thi�Security lnstrument ar the Note
<br /> , � conflicts with ap�licable law, such cuntTict shall nat ut'fect other provisionr of this S�tiurity ina�rument or the Note w•hich cAn be
<br />-- •"� �'�'�' given efPect withnut the amtlicting provitiion. Tn this end the provi+ions of�hi�S�urity Instrument anJ the Note ure declared
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<br /> �.`.;":;'": :� to be scverable.
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<br /> �'•� ���i't:;;"�� l6. Bornower's Cup�•. Borcower shall be�iven onr confiirm��i cc�y of the Ni�te a�x1 of thiti Serurity Instrument.
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