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<br /> � � pry,oads m.y ao.lao�a be �t we of t.eoaer.-if �co �
<br /> ro�uiced• a�ption mort�e� veAge(in tl�e amount aod for the petlod
<br /> . , W�t i�nd� raqiu�ea}ptavided by an L�arr�ppmvad 6y i�eadet�ain�becomes tvulabk aod is obtaiaed.Bormw�ec�haU p�Y
<br /> � tbe poemiums�equi�ad w nnintiin mottEage i�uurarwe in etfect.o�to pr`m�idc s loss rrsave.uutil tbe requiranent for awrtp�e
<br /> � it�surance e�s in aoound�t►ce with any writte��neaneat betvroen Bortower and i.ender ar apptipbte law.
<br /> l..Impeedoa.Ieader or iu�miy m�ke�te�sanabtt eavies;upon and iatpecdons of the Pmperty. trer;d�r s6�q gi�ra
<br /> • Hon�ower adioe at the time of or prior ta an impeaion apecifYing reason�ble rause for the'i�pection.
<br /> , 20.C.00�tlon.The pmc�cls of aay avv�N or clw»for damages. diroct ur axisoq�eixIal.in oonnoctien wid�u�►
<br /> : coadann�tion a dher qkieg of�ry put of the Pmpaty,or for oonveyusa io lia�of co�dann�tion.are haehy ascigmd�od
<br /> s6�11 be prid to l.ndea . ' . .
<br /> In the eveot of a total�aicing of tha Ptnpetty,tbe prueeods s6a11 be apptied to tUe sumc soenoed by this Sac�rity I�um�.
<br /> w6etber oc nat tDen due.v�itb any�xoess•patd to Borrower. In thp eve�u of a putial roting of tLe Property in which tbe f�ur �
<br /> mutet vilue of tl�e Froperty immedi�tdy befae the WdAg is equal to or grcater tl�an tlie amount of tLe sums socu�ed by tbis
<br /> Sxurity iasuume�inimediatety befoe�thc taTcing.unlesc'Borrowcr ud Ixnder att�erwisc agae in writing.the sums secvred by
<br /> dtis Savrity L�ument st�U be rieduced by.the�t of the pmeeeds mnlpplied by the foltowing fraction:•(a)the mml -
<br /> aawunt of the sums sownd imme�i�tely befocr the t�icing;dividad by tb)the fa�r market value of the Propecty immediateiy
<br /> -- befote the taking. Aay t�t�sta11 be ptid W Bornower. In thc event of a putial rofcing of the Property ia w6ich the f�ir = --
<br /> m�cicet value of the Property immedi�tety befarc t6t t�icing is tess d�a the a�t�aunt of the swns sxured iant�ty 6�cT�the �``-`°
<br /> �B• �� �S aPPUcabte law odunxise pmvides:the.�nocoats shaU �'��"�=Y°°'t,"°.
<br /> unkss Bormwer and Leader othawise m wri or unless �;-�-_,�=-
<br /> -•-�_�=
<br /> be�pplied to tbc sur�savned 6y this Secutity insuument wGe[her or not the suuic aae thca due. . ;,.. :.. � �. `�_.�,:�_s_="`
<br /> if tbe Property{s abando�d by18orrowu.,or if,after notia by I�er to Bormwer tbat the oondeinnor offe�s to aiake an '�';`'..'�,--��.�;__
<br /> ----_-_-__ awacd a settte a c1aIm for damages;Rorn►wc�falls tu,respond to LetMdcr within 30 days after thc data the�iat�cp:'is:giiip�, . °�'-.:��':
<br /> --- - - ,..;,
<br /> ---- — I.etder is authorizod m oolleet and appty thc pmoeeds.at�tc optioa.siU�er`.w�estoration or repair af dje Praperty or to`tlic siiips ^,_��,
<br /> - -= securod by this Socurity tactmm�ent,whether or na thta due. �;,` �.';" �
<br /> Unless I.eoder and Bocrowa otderaise agnee in kcatIai.of`roceods to ri '.'.',.�'� �.� � "_
<br /> nee writin8, anY aPP� P P nciPat h6al�.!at.'extead�.�r �,.'=:�,�-°,.
<br /> tbe dae date of the aanthl , : . �-'�: �.".�' -.:'_-
<br /> - _=== P�P� Y PaY��refeared ro in paragraphs 1 and 2 or;chang4 the aa�oant of such payineri�:.::: ._�' -.!.s---o
<br /> �e:.:� ll.Borroxer Not Rekased;Forbarance By I�adtr Not a Waiver.Exunsion of the time for paymqlt or,moi�ttgadoo '.;.°►,,�,'���'.`-
<br /> '�°,a-� of tinort��tion of tGe sums savred by this Security Inmument grantad,by Lender to any successor in intenst of Boriuwer'sii�il - - = —
<br /> - =��n� nat operaRe to rele�se the liability of the original Borroaer or Borrower's succasors in inte�est.Lender sl�al�not b��iieqRiied to �� - -
<br /> �� aonunence procee�ngs against any svccessor in interest or refuse to extend ame for payment or otherwisc rqadify:,auiiirtirrtion -
<br /> '°°'�"r;:- of the sums secvred by this Securiry�nt by reason of any demand made by the original Borruwe�:ai Iio�wer's . `�, —
<br /> ,�: .�:_,:.�.
<br /> � r`�F sucassors in irnerest. An forbearanoc b Lender in exercisin an ri t or remed shall not be a waiver of oi'' txlade`ti� � ��: `
<br /> : �r, r�; Y Y 8 Y Sf► Y P . � •. •—
<br /> eaercise of any right or rranedy. . :�; , '�. _�'::`�'�
<br /> � l2.S�oea xnd Assigt�v Bo�td:�dnt aed Sevenl Liability; C.o�ers. 7f�e cov gtee'tne�s� " ����v
<br /> � � enants and"a "of ihis ���~`
<br /> _-"�`°�".• ��+�;�': Savrity[nsaument shaq bind and benefit ttie succes.wrs and assigns of Lcnder::mu�;Borrower. subject�to;the•p_t+pvisions of "���,�
<br /> r;�.nss,�w�i paragraph 17. Borrower's cavee�ants and agiaements shall be joi�rt•and severat:.;:��ty Borrower who edrsiS�:��E9.� ;:�a��
<br /> �..:: .—
<br /> ���``-�+.`��`..t=�'?``��`�" Instrument but does not execute the Note:(a)is co-si n this 5c�cu�i Jnsuup�erit onl to mort t;.. oamreg sir�t '�"-M� • —
<br /> :-�'�"'J�� Borrower's inteaest in the Pro under the tertns of this Securi Ins umeat: is not t�a U ob l t�� t a� the smns � ' "Y� _
<br /> •� Pe� �Y (b) pe�. Y 8���. AaY '�-
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<br /> _ �.:{K''<A��:��: securod by this Socuriry Instrument:and(c)agrees that Lender and any uther Barrawer may ag'[�e W extecld,'Etiud�fy.forbear or � . _ :
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<br /> ::'::.::; :�..;;�- .:ti�alce atty xcomrtadations with regard to the trnns of this Seturity Instniment or the NAte witlwttt that Barml�cer's ooncent. • • �.a;;
<br /> .:�::_? =...:-c.:._`:f.:,.- : 13.Ltwn Cbarges.If the loan secured by this Socurity Inshument is subject to a law.w1iiC6:sets maaimum loan chargas. � ,
<br /> ., ,�� .,..�,,. . � . .�°:
<br /> ;;•;,. .�,,�, and that law is fiaally interpreted so that the interest or other loaa charges collecte'd pr;to be:cot[occed in conneetion with the E . . �:
<br /> _`S ... <b�..•..-y �,�. , .
<br /> �' : : = • loan eaaed the permitted limiu,then:(a)any such loan charge shap be r�e.�duoed�by`the aruount�a.�ssary to reduce the charge -�F
<br /> 5���
<br /> ... �:��'.�..:�':i�+(. . . .
<br /> j< :. :;: . �.;�.�b the permitted limi�and(6)any sums already collected from Borrower which cxceedad perff.i.:�limits will be refunded to .�,• -=
<br /> , co
<br /> `t;�.. �•4Y�tr:. � 5'
<br /> '1� , •r�a•?. . �r�'.I�#cawer• Lertda may choose to make this refund by reducing the principal owed under the Note os b�� ¢ra(cing a dimt , �:�,.a:,:• . . .
<br /> ';�:;,r.;-;•. '.. '•':;p��inent to Borrower. If a retitnd.reduces principal. the reduction will be tr�atcd as a partiat prepaycrn� without airy � �'r'"" . . �:..
<br /> =� '�'`'-�.. �{ '� i[�ei1[a�ai f e U • `'• .
<br /> :,..,.-: •.• �'�Y S pder the�Note: ,.
<br /> ,•�;:°,�_ ':�-'� 14.NoY�OCS.Any tadce to Botrower pmvided for in this St�curiry instrument shall be given by delivering it or by maitiag �.,_... . ,�
<br /> -�°::�•. ' it by flrst cJass mail unless applipble la�n.quires use ef aaother metGod.7'he notice 4ha11 be directed to the�roperty Address f "
<br /> � -,=;�`' �� �'ma any other address Boauiver designatE�s by notice t�z 1'c,.ender. Any notice to Lender shall 6e given I�a� class mail to t . ...
<br /> ���=''-_ ,� � Letider's address statod herein or any other address Lxnder designates by nolice ta Borrower. Any aotic��r!�i9ded for in this •��:�
<br /> -=°�'- •'� Secnrity Insmtment shafl bc deemed to ha�•c bcen given to Borrower or Lender when given as pre�i+is�t in this paragraph. F �-� ������
<br /> .. � _.
<br /> �.�; °?: IS.Governing Lsw; Sever�Wlity. This Security Instrument shall be govemed by fed� law and the law of the ' ��
<br /> � � � :
<br /> �"��.� ;'; j�uisdiction in which the Property is lacated. In the event that any provision or clause of this Security Instn�ment or the Note : , `F,'�'`
<br /> � �y� � ;:
<br /> �=�-�'' conflicts with appljcable law.such coMict shall not affect ather provisions of this Security lnstrument or the Note which can be �if''i��t;�s,.:•..,.',:; '�.
<br /> �"" •� given effect without the conflicting provision.To this end the provisions of this Security Instrument�and the Note are declared .���?s:''' � ; '
<br /> �� ���'��-'' to be severable. , • .
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<br /> ��'`��= 16.Barrower's Copy.Boaower shall be given one confotmed oa?y of the Note and of this Security Instrument. • �� ' • � �
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