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<br /> :�_ - --.-. - � 93- 1102T�
<br /> paymentr my no lon�ar be royuirad,�t the option af l.ender.if nx�rtgaRc Ir�urancc covera�e(in the amount and for the perlai
<br /> _�-_=--- --�
<br /> thu l.raKier requlnw)providaf by an inwrcr Approved by Lender y��in becames availoble And i►dNaiued. Horrower shrll pay
<br /> the pranfun�roquired tc�maintain nwrt��e incuranue in effect.or to provide a ias rr.�ecve,untii the rcquirement ur��wi7r+y�a
<br /> inwramx endc in�:ordxnce with rny wrltten r+�reement between&►rtower�utid Lender or applicxble law.
<br /> -�_�� f� lnpect{op, Lcnder ar its e�ent may m�ice rca�orwble entries upon And inspections of the Property. Lende�slWl Qive
<br /> _- �.s 8orrower�xMia+�t the time uf nr prior to an inspectian spocifying rcasanable cuuse for the inspection.
<br /> �! � !0. Ca�domnatbn. 'The Procoeds af�y awant or claim for dwnrgu, dircet or rnnscquential, im m�nection wlth any
<br /> '"��+'f � conciemnatinn�x other taking af any p�rt of ttu Property,nr for comeyance in lieu of wndrmnution, tue hereby acsi�nod and �
<br /> n: stwli he pvid ta I.ender. �
<br /> � ;:� In the cvent of a totrl tukiag of thc Property. the pracceds shull be applied ta the sunu serured by this Socurity lnstniment,
<br /> - - whcthcr ar not then due,wfth uny excess p�id to Bonower. In the event uf a partial taking of the Property in which the fuir
<br /> - ""� muket vulue c�f the Property immodiately bcfore the taking is equal to or greater thu►thc amount af the sums secured by this -
<br /> � Saurlty lnstrument imnxdiately 6efore thc taking. untess Borrower und Lender otherwise agree in writing,the sums secured by
<br /> __ � s..r � .��. this Securlty Instniment shall be reduced by the amount of the procoods multiplied by the following fraction: (a) the total _
<br /> ��"��'�'' amount uf the s�ums secured immc�liately bcforc the tuking. divided by(b) the fair market value of the Property immediatcly
<br /> �`�"'°=`�=''"--`� before the taking. Any balance shall be paid to Barrower. fn the event of a partial tuking of the Property in which the fair
<br />- ,.�:T.
<br /> ' :�� , ..,'� . market value of the Property immcdiately beFare the taking is tess than the a�tioum of the sums securod immediutely beforc the
<br /> taking, unless Bacrower and Lender otherwise ngrce in writing ar unless vpplicablc luw otherwise pruvides. the pra�ads stwll
<br /> ' •-
<br /> - -���::�..`--,�Y�s be appfied to the sums r.ecured by d�is Security Instrument whether or�wt tbr,uma u�c lGan Jue. -
<br /> � :,t;,•� [f the Praperty is ubandoned by Bonower,or if,ufter notice by Lender to Borrower that the condemnor offers to make un
<br /> ,:'�•:, •,'�•J'�` ,
<br /> , ,. �:.,. K � ;�: uwa�•d or settic a claim far damages, 8orro�ver fails to rcspond t� LenJer within 30 days aRer the dute the notire is given, _.
<br /> ,�� : �i Lender is autharized to collect and apply the praeeds,at its aption,either to restoration ar nepair of the Propecty ar to the sums
<br /> s,"..�:�ti:�:��...,.��.�• .�
<br />- ,. : ,.. secured by this Securlry Instrument,whether or not then due.
<br /> �.�>.-.. • -
<br /> Uniess Lender a�id Borrower otherwisc: agree in writing, any application of proceeds to principal shall not exte�xl or
<br /> �F_:--:.: • �*-�n• postpone the due date of thc monthly ps►yments referred to in paragraph�1 and 2 or chunge the amount af such paymcnts.
<br /> x„i;,;;;;,;,�,s;,�.,w*,.,` ll.Bocrowe�•Not Released;Forbearance By Lender Not a Waiver.Extensi�m af the time fiir p•ryment o�moditicuti�in
<br /> �-�`�� . "•�� -•. : of amortization of the sums secured by this Security Instrument grunted by Lendcr tu Any successor in interest of&�nower shall
<br /> � �''- '� not operate to rclease the liubility of the original Burrower or Borrower'�succetison in interest.L.encler shall not be required to
<br /> ,. ��,$�"`,.v��::;;.�;�:1�::. _
<br /> , � cammence praceedings against•rny succeswr in intere�t or refuse to extcnd time for payment ar otherwise modify umurtization
<br /> , �, .•::� , .,,,,.
<br /> . , of the sums secured by this Sccurity lnstnament by rcuum of any dcmand madc by thc original Bonowcr or Borrower's �
<br />;f,.. �,:� • ..,. �
<br /> _: ;;.r �,;,.�,,,� �•;,�: successors in interest. Any forbearance by L.ender in exercising uny right or remedy shall not be a waivcr af or preclude thQ
<br /> . .,i�►i'rrnRl.f���.t..
<br /> ,�-b,. .:�. tzerci:x of any d�h!or ttmedy.
<br /> �.<<.:.����.',:;•••� •� l2. Successors and Assigns Bound;Joint �nd Several I.tabilit,w, Casi�ners. 'fhe covenunts and agrrement� of thit�
<br /> t'' � Securiry instrument shall bind and benefit the succe,,ors and assigns of l.cnder and &�rrou�cr. subject to the provisions of
<br /> � .;,_��•���; �.
<br /> ,; `; r'�:' L i parrgruph 1%. Bonower's covenants s�nd a�reements shnll be joint and severul. An� BurroW�er who co-.igns this Security
<br /> c;� ��; Instntment but does not execute tl�e Note:(al i. co-signing this Securiry Instrument only to mortguge, grant unJ convcy that �
<br /> ;'..,.. Borrower's interest in the Property undcr thc terms of this Security Imtrument: (b►i�not penonally nbligated to pay the sums --
<br /> ' ��'�,- " � � seeurai by this Security Insirument:und(cl agrces that Lender and any uther&ircc�we�may agree ta extenJ, modif'y,fartre:►r or "
<br /> . �1� •� make uny accommodation�with regard tu ihc tcmis af thi�Securiry Instrun�ent or thc N��te w•ithnut thnt&�rrowcr's romcnt.
<br /> 13. I,w�n Char{�es.If thc loan sccurcJ by this Sccurity Imtrunxnt is zubjcct to u luw which,cts maximum loan charges,
<br /> -; � ,• end thut luw is finally interprrteJ u�that ihe intere�t ur uther luan char�;e�cull�t;ted��r to be colleetcd in connecticm with the
<br /> `__ :�.:�:o•::==•� -'i+�
<br /> .-�,• : loan excecd the permilteJ limilti. then: tal any surh laan rharge,hull br redured by the amount nece.�ary t��reduce the charge =
<br /> � . . . to the permittod limit: anci (b) uny wms alrcaJy rollected frum F3�irruHCr whirli uxcerdeJ permittai limit.will tx reSunded to _
<br /> � Burrower. Lender m►y ch�x�se ta makr Ihix rcfutxi b�� rcduring the principal ow�ed u�xler the Note or hy making u dirert °
<br /> � payment to Borco�ver. If a refu�xi reduceh princip;�l, the reductiun will tk trrated a� a panic►1 prepayment withaut un�•
<br /> ' . �����- �P' prcpayment rharge undcr thc Notc.
<br /> ,;:,,;,;�� . . � 14. Notices. Any noticc to&xrci�►�crpri���ided tiir in thi�Scruriry Instrumcnt +hull tx piven hy dcli��cring it or b�•mailing -:
<br /> � � it by first clasti mail unle.ti applieahle lua•reyuireti uk uf unother meth�xl. Thr notice,hall hr dir<cted t��thc Pr��prny AdJress -
<br /> ur uny othcr :Kidre�� Einrrowcr dc�ign•rtc+hy nutirc tu LcnJrr. Any nuticc tu I.end:r shull hc given by tiryt da.�� n�:►il to -
<br />"` "`�r Leixler's:ridress,tat��ci hcrcin or any utlxr udJre.s L.enJer dr.ignutc.by nutirc tu F3��rrnw•�r. Any notfoe providcd for in this -
<br /> �,..•.`,. -.w�..= " , � Sccurity Instrumcnt�hall be decmcci tu havc lxcn given ta BorroWcr or Lcndcr vvhcn�ivrn a�provided in this parrgraph. _
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<br /> '" •i ' •f�� ` � 15.Cm•erninR I.aw; 5rverNbility. Thi. Sccurity In�trument �hall tx gu�•�rnrd h� titiicral luw and the law uf thc
<br /> �_ '� ��N�..:� jurisdiction in whirh the Property i�I�xutcd. In the e��cnt that any pr���•i.ian��r rlawr i�f thi.Serurity In,trument or thc Note
<br /> �"' ��µ•�. • - � confiic[s w•ith upplicablc law,wch contlict,hall rnx affect��thcr pr��vitiiun+uf thi+Scrurity In.tn�ment or thc Notc K•bich ran hc '
<br /> a�. =.. T�.:iwuay,. . .
<br /> �;' +',�::'":���� °' givcn effext withcwt the eonflicting provisinn.To thi�crxl the provi�ion�uf thi�Srcurity Intitrunknt und the Note are declarc�t -
<br /> f:.' . .� . . to be severable.
<br /> �_'� •��:,.i+� 16.Borrow�er's Copy.Borrower�hall bc given onr c�mfarmrd r��py oF thr NcKC arx�of thi�Sccurity Instrumcnt. "_
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