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<br /> p�yme�u m�y n�lon�er be required,at the option of i�ea�der. if monQqQe ituunr�ce cover�Qe(1n the unount and for the perlad
<br /> _ _ - - th�t i.ander req�irca)Providad by�n inwror�pproved by l.ender�in becomea�vail�ble�nd i�ubt�nod. Borrower�hdl P�Y
<br /> the proncium�requirod to m�nuin mort�e inwraoce in effect,or to providc a ior�rurrve.uiuii tho r.�uf�tor saost�e
<br /> inwnr�ce endr�in acoord�ncc with u►y written a�rament betwan Borrower and T.e�du or appNcabk law.
<br /> 9.Ia�pection. Lender ar its�ent may make roswroble cntda upan u�d inspatiau of the Pruperty.Lenda'�11�ive
<br /> Borrower notice at the time of or pdor to an impCCtfon specifyinQ re�uorublo awce for the inrpoction.
<br /> 10. Condemaatba. The proceodt�f�ny aw�rd or claim for dam�e�, direct or con;equentid. in oonr�ection with �ny
<br /> :_ ��____._�,�_.____, oondemrwtion or other takin�of any part of the Propccty.or for conveyancc in lieu of wndemnallon. ua hercbY usi�ned�nd
<br /> -_ slwll bc pAid to Lender.
<br /> In thc evcnt of a tatal taking of thc Propc�ty,thc proc�ds sha�l be applied to the eums securod by this Secudly inttruntant,
<br /> whether or n�t then due. with any exccss paid to Borrower. In the event of a partial taking of the Praperty in which the f�ir
<br /> market valua of the Property immadiately before thc taking ls equal to or greater than thc artaunt of thc sums�ocurod by thi�
<br /> Security Instrumcnt immodiatcly before the taking,unless Rorrower and I.ender otherwise agra in writing, the sumc sawred by
<br /> this Security Instrument shall be reducod by the emaunt of the proca�ds multiplied by tha fallowfng fractton: (a) che totAl
<br /> f��P� anxwat af the wmc r,ecured immediately beforc the taking. divided by(b)the feir market value of the Rroperty immodi�telY
<br /> ��,�.���• beforc the u+king. Any balancc st�all be paid to Borrower. In thc ovent af a panial talciog of the Property in which ehe fair
<br /> �: markct valuc of the Prc�peny immediately before the ta{cing is less than the amount of thc sums secured imroodiately bcfure thc
<br /> --___== takin�,unless Barrower and Lender athenvise agree in writing or unless applicable law otF�envise provldes,the pr0000ds st�1�
<br /> �� � '��•��-'%�+� be npplied ro the sums secured by this Securiry insc�ume�t wtied�e��ue not the sums asc thcn due.
<br /> If thc Property�is abwidoned by Borrower,or if,after notice by Lcndcr to Borcawcr th�t the condemnor offers to nwlce an
<br />"`�"' uward ar sr.ttle u cla9m for ciamages. BorroNe� falls to res�nd m L.ender within 30 days after the dtue the notice is given,
<br /> Lendcr is autharixed to collect and apply thc prc�ceeds,pt its optian,either to restarution or repair of the Property or to the suma
<br /> . secured by this Security Instrument,whether or ncx then due.
<br /> .-v� ��; . Untess Lcnder and Horrowrr otherwise agrce in writing, any application of proceeds to pdnclpal shall not extend or
<br /> '''''� st ne the due dnte of the monthl mcnts referred tu in aru hs 1 and 2 or chan e thc amount of such ments.
<br />- ��� P� Po Y PaY P ST�P B PaY
<br /> � � ���`' 11. Borrower Not Released;Forbearunce By Lender Not s►R'Aiver.Extension of thc tin�e for payment or modification
<br /> - � . of amortization of the sums secured by this Securiiy Instrument grantal by Lender to any successor in interest of Borrower sfiall
<br /> r�,_ , f not operute to release the liability of the origin:+l Borrower ar Borcower's succcssors in tntet�est. Lender shAil not be rec�ufrod to
<br />� _ .��`�'�i.ti � commcnce praceedings against uny successor in interest or refuse to extcnd time for payment or otheru�isc modify amortization
<br />_ •y,�ti,,.< of the sums secured by this Securlry Instrumer�t by rcason of any demand made by the original &�rrower tit Harrower's
<br /> � "� �`•' ° ° successors in interest. Any farbe�rance by Le�d�er ia exercising any rjght or remedy shall na be a waiver of or preclude the
<br /> - a�� txtmis?of eny right�r mmeily.
<br /> _•��"`�r`"'�"""���a':.�, 12. Succes.cors and AssiQns Bound= Joint and Severnl Li�bility: Co-signers. The oovrnants and asreements of this
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<br /> � „ Securily Instrument shaU bind und benefit the successon and assigns of I.ender and Borcower. subject to the provisions of
<br /> ' , �� ' paragrnph 17. Bonower's covenants unJ agreements shull be joint and several. Any Borrower who co-signs this Security
<br /> '•.i _,.^ . �, " . . . Instcument but does not execute the Note: (a) ia co-sig�ing this Securiry Instrunxnt only ta mortgage,grant and canvey that
<br /> " ��� • . -.. Bonower's interest in the Property undcr the tcrnu of this Securiry Instrument: (b) !s not personally oblfgated to pay the sums
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<br /> • secured by this Security lnstrumenr und(c)agrees that[.ender und uny ather Bormwer may agree ro extend,moeiiiy,futbea�or
<br /> � ` ���'���'' � � , make any accommodations with rcgurd to the terni�of thi,Security Imtrument or the Note withaut thut Borrower's consent.
<br /> "`� ` ' '� '' 13. i.oan CIu�rRes. If thc lo•rn suured by this Scrurity lnstrumrnt i,suhject to u law which sets maximum loan charges,
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<br /> , .. nnd that law iti finully interpretrd,u tha�t the intrrc�t ur uthcr luan rhurgc�cullrcted or to t►e collected in connection with the
<br /> --�-! � . loan exceed the permiued limit�, then: la1 uny wch luan rhargr�hall he rctiluced by the am�wnt neceswry to reduce the charge
<br /> �, f ��y yy�Y�.+.. y to the pern�itted limit:und(hJ any tiumx alrcady cullcrtcd frum E3�irr<�wer whirh exreecied pennittaf limits will be refurxiod to
<br /> • �� - ' , . � Borrowcr. L.cnder may rhewK tci makc thi� rrfwxl hy reJuring thr prinripal ow�d u�xier thc Note or by rrwking a direct
<br /> � �� . - ' payment to Borrower. If a refund reduce� principal, thr reduction will tx; trratc�i a� u paniul prepayment witi►out any
<br /> " � � '' ��`i' ' prepaymeat ch�gc under thc N��tc.
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<br /> IA. Notices.Any notirc tu&�rrnwcr pmvideJ ti�r in thi.Scrurity Imtrununt �hall hc givcn hy dclivcring it or by mailing
<br /> • ' . it by fint class mail unless applirahlc IaN�rcyuire.uk ot'anothrr nuthai. The natiu,hall tk directeci to the Praperty Address
<br /> .�. or�ny othcr adJrexti Borrawcr dctiignatcs by notirr to Lcndcr. Any n�nicr to L�ixlcr .h•rll be given by first class mail to
<br /> ��q Le►xier's uddres� statcd hercin or any other address Lcndrr dcsignate� hy n��tirr tu &urow�r. Any ni�tice pr�widai for in this
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<br /> -�;'- . `�;�,.,.•,. .,, Sccurity lnstrument shall be dcemed to n�ve becn givcn tu Burruwer ur I.rnder whcn�iv�n a�pmvidcd iu this purugr�ph.
<br /> 'j t5. Cuvernin� l.aw; Sevecability. This Sccuriry In,trutncnt .hull he gu���rn�Ki by fccicr:d 1•rw• und thc I•rw uf the
<br /> ���:<r�. ,.,� jurisdiction in which the Property is I�xatcd. ]n the event that uny pro��i�ion or clautir of thi�Security Instrument or the Note
<br /> x���6 •`'`•' eonflich wkh applicable law,surh ronflict�hall not:�ftect�uhc�pro�-ision,of thiti Sccurity In.trunxnt ur thr Note whinc�an be
<br /> �� -:��`� °+� given effcct withaut the contlicting provi.ion.To this cnd thc pru��isi�m.uf this�rurity In�wnknt an�i [he N�ite are decl;ued
<br /> �.•. •�-':�"'�+��.'�' � to bC sevcrablc.
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<br /> ``'. �.�y".;i;;'•:� :•:-,' 16. Borrower's Gopy. Borrnwer shall be given one�ti�nformeJ copy uf thr Nutc and ul'this S�tiucity lntitrumrnt.
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