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<br /> _—_ - . p�yments amy�o taa�ger Oa s��yi�Q►���te option af Lender,if mortgage ingurence mvemgc(iu��n�tount ns�d for t�►e perind� _
<br />' t�at Lender recl�i�es)tametded 5�an msurer appmved by Lender agaiir beoames available cuid is obwined.�orrower ahnit gay -- -
<br /> ------- � ttu�p�miums required w ataintaiu moYtgage ins�ance ia effect,or to pmvide a toss reseive.until�the requls�ment ictr enottgnge =__ -__-
<br /> - -—.--��1s.3��idar.s+��t a�w!�.uen.e�__a_eat b�er�een Hnanwer and LendcF nr_a�itc�ht�lmar._. __._-. _ - _- _-_.-- -- -
<br /> . � 9.Ie�pedion.Lenderor its ageat may make reasonable entries upon and Inspections of the Prnperty.Lead2t shaU�givo � �_
<br /> Bo;t�nwer nodce at the tiuie of or prior W an inspection speafying re�soaable causa for the iaspection. ��=�.____
<br /> - -- --- 10.Candeslmatton. 'l4�e prooaeds.o€anY acvard os claim t�r damagea, diiecx or oonsequential,ia wnne�ion witts any �-°�°��� _�
<br />'~ OCK�=`-�:�a-��.�.�.
<br />-_- . oondemnation or other talnng of any pazE of the Pmperty.or for coaveyance in liev of ooudemnation.are hereby assignd and ��
<br /> s� {•.t;," : _�_�._.
<br /> shail6e paid to LeQ3er: . � . .��•�
<br /> � �.�--s---=-==.�� µr.
<br /> x In the event of a toral:[atang oF the Pt+operty.the proce�ds shall be appfled to the snms sec+u�ad by this Seanriry Insttument. Y-„ ..,� .,�,�° �
<br /> ` whether ar not then due.wit�aay e�cess.�aid to Bamoaer. In the event of a partial taTdng of.the Property in wbicfi th$fsir �� f ` g `
<br /> ` '� w =foae tfce ta�ing ig ec�i to or. tLaa the amouat of.the suass secnted by� ,:-�.�-�°a-
<br /> � _ �_ _ market value of t�e�PropertY�y_� �; . . .. ��` � . :
<br /> _ .r �' ��. + ..
<br /> Se�uity Im�traaQi�c immediatetY before the ta�ng,.unless Bosrower am!i,eader otiierw�se agnee�n wnung,the sums sewt+ed by . �- �.y � :_-
<br /> -''::" tLis Secur�t}t Instrameat shai}be•ted�ced by the amount of tlie ptuce�cts multiplied by the foltaiKiag-�Ction: (a)the total � �.: ,��:�•-��-.�,:••.�;�
<br /> - anmutu of the sums secured immediaLdy before the taking, divided by(b}the fair ma�ket value.u'F:the.Ftope�ny immediately a-�a�"i�.�:� F,`-''
<br /> ,� �a
<br />-�' befote the taking. At►y balaace shatl be paid to Ba�nawe.is. ta the event of a partia!tattiag of the Piopeity.u►wl�ich th�fair - ,>:''� '
<br />_'' markd vaIue of t6e Property immediatety before the talang is less Wan the amount of the sums secut�d#ma�etiiatelY before the x° �.T :=���:'-`�
<br /> V� ._ �'•` �.
<br /> .-�Y � Y' talong,unless Borro�rer and Lender othernise agree in writing or unless.ap�►licable taw ot1�erwise,ptovIdes,the pmaeods shall z :;; � �pl�";:
<br /> _`-� � .; 6e applied ta the sums secured by ttis Security instr�unent whether or not the sum4 are tHen due. �}��,�'s � ���N< <:
<br /> ti��.''r "r�'° � If the P�erty'is abascdomed by Borrower.or if,atter notice by Lender to Borrower that the c0ndemnor ofPers to make an �" �, ti_:�- t:
<br /> ,�.:�a�•�...:: '^:.• , . f.. �`'
<br />- :�.��-.. aaraM or settle a ciaim fo�,damragea. Borrower f�ils to c�espond to Leader withi��30 days after the date the notice is given�. t,;:;�-:,�,-�+-��°:�r:=
<br /> �,.kr�:-° �. �.�•.�_.-;�-
<br />- ;:,N;�: •-�;�:: Lender is authorized w cplizict�aud appIy t�e}�rocaeds.at�ts option.either to reseorn'don or re�uir of the Property or to the su�s. ., '- e,--.,.�.�-.
<br /> ' tnc+tmm^_,nt_qr$��pX IIOL tIICII all8. � � ,�
<br /> �$` secuted by this�urity.--.- - . :_ �
<br />_� ;'-°_ ��. ., i3nless�xn�er ar�i�oiiower other�vsse;agn�.e in.Briting. any application vf prooceds to principal shall not extend or < �` �' 3� ���_
<br /> ��,�,, t .,
<br /> . _ �one the dLxe+daEe of t�e�athly pay�..-nt�refe�d tu in pacagraphs 1 and 2 ar�hange the amount of such ga}•ments. _�_ .,`;�__
<br /> � Fft�}z`t, ���;,:�'`�{ � ; 11.l�oaro�Not ReZ�eased;Fo�nce Bp Lenr�er Not a Waiver.F.xtepsimn of the time for paymeu'C or mudification � , a�
<br />� ��� ��� of emorti�tio�of the sums secused by this Se�urity Insirament granted by Lender to any successos in interest of Bormwer shall ��,�,,�;:
<br /> ' . >.���-, u
<br /> '- `,.'k:�'�_`-,:;.``_;$."`:s` � ,.. <. ��'�9.
<br /> � �E ��� not opeiate to�ease the liability of the o�inal Borrotver or Bormwer's suocessors in interest.t�er sl�all not be required to k��.Y;.,:,�.,,{;1,����:�..
<br /> � `' � � ���"i � cammence pmc�ings againsc any successor.ia iiiterest mr refuse to extend time for paymem or oih�wisc modify amonization ,���t:=E J,� "
<br />- • �,,� , . " ; <<� � of ihe sums secnred by t�es Security_Insoivment 6y r�ason of an demand made by ihe oci Barrawer or Borrower's ��;��� F�y� ��
<br /> y 8� z�ti�i; jr o k� �, �
<br />- f�,z�� `` S�`g s�� suaoessors tn intetest.t�ny forbearauce by Lendec in e�E�cising any rig6t or rerfledy shall n�t tre a waiver of or preclade the �,L.L�r s''� ��,�,'
<br /> �_ ��°�°'�i;�w.,�, �,..�t ..f�
<br /> �°2� .r°.'` ;�G exer¢ise of any.r�ght or recuedy. � }�;` s"� `� '` '
<br /> x �.-�
<br /> = � ; .�.:�z'i.,:.� '� .
<br />_„ :;°��„�,:�.,��;�;s�;��;� ' 12. S�tceessors and aec�B�emd: Joint a�c! Sevesal I.iabii'itq; Co-sfgne�s. Thc cov�nantc and agreements of this , rv s` � --
<br /> t`'° Sewrity Iastrument si�alt bind aad�benefit the successors aad assigns of Lender and Borrower, subject to the pmvisions of' �r 5 ,t=�'_-
<br /> �� �,�•� -A - ,e- ` � —_
<br /> .i�i:��:v�.�.`��. ':"�'' Farag�aPt► 17. Borrower's ooveaan�4 and agreemen t s s h a l i�b e j o i n t an d sev erai: Aay EorroKer who oo-si g n s this Secur�ty �_�;:;;:-:, ,,:...;, ,:;
<br /> � Instrument Dut does not execute t�e Note: (a)is ea-signing this Security Instrumera only to mortgage,grant aad convey that t i �' `'.
<br /> .$ , ,; ., .. :+�:.� .
<br />_ }"_,y. . .;.;_ . , Borrower's intecest in the Property under�th'e terms of this Security lnsaument;(b)is not personally obligated to pay the sums k ' '� ��%a; :. `�
<br /> .� '_ ° secured by this Security Instrument:and<c)agrees that l.ender and any other Bormwer may agree ta extend,modify.forbear or , � ' �
<br /> � ; - �,. ;� make any accommadations with regard to the remu of this Securtty Instrument or the Note without that Borrower's coasent. � ' ' �
<br /> 13.l,aan Charges.If the loan aecured by this Security Instrument is subject to a!aw which sets maximum loan charges. y�'�''•`•
<br /> ' -. ;.: .`
<br /> + i. �' � '. and thnt law is finally interpreted so that the interect or ather loan charges a�llected or to be collected in connection with the ' `.,'���.� _
<br /> ' �. � � . • loan exeeed the pecmitted limits,then:ial any such loan ch:uge shail 6e reduced by the sunoum netes.way tu reduce the eharge , � ��,
<br /> �F .� _• . . � to the permitted limit:and Ib)any sums alr�ady collected from Burruwer which exceeded permitted timits wiU be refunded to • • . .
<br /> � � ' Borrower. l.ender may choose ta make this refund by m.�iucing thc principal owed under the Note ar by making a direct .
<br /> ' ?� • ' � payment to Borrower. If a refund reduces principal. thc reduction wiU be treated ati s pania! prepayment without any � .
<br /> ' � `�� pmpayment charge under the Note. � � � '
<br /> � �� � ... .. . 14.1�Iottces.Any notice to Borrower provided for in tAis Security Iacwment sh�ll be given by deliverin� it ur by mailing � �' _'
<br /> �� it by fitst class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address ' _ '� ,�; ': • `
<br /> � ' � ' or any other address Borrower designates by notice to Lender. Any notice to L.ender shall be given by first class mail to •.,..,;•'.
<br /> � �- � " L.ender's addtess stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this ' ' � .
<br /> ..,", � '�.,..
<br /> ��': •;. . Security Insuument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. • ' �'
<br /> ��° � - � - ' ' 15.Governing l.aw; Severability. This Security Inst�ument shall be gavemal by federal Iaw and the law of the , '` � ' �
<br /> - '�� ��': � . jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry Instrument or the Note n a•t.,. ,,.�`.�
<br /> : ;;:,c�•: :,.. •
<br /> '�� *• � .. ', contlicts with applicable law,such conflict shall not affect other provisians of this Security Instn�ment or the Note which can be :
<br /> � �t • „ . � . � gdven effect without the conflicting provision.To this end the provisians of this Security Instrument and the Note are declared
<br /> �:'.;,?�� �. �� � •. ' to be severable. , ' , � �
<br /> <r �:,i 16.Bovrower's Copy.Borro�ver shall be given nne confurmeJ copy of the Nate and of this Security Instrument. . . ,.
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