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<br /> —�T---� ----- - � at the option o� I�ender, i# aiort�i�e ias�ui�noe coven�e (ia�the amou�t u�d foc tfie periad thas Lendet raltrires�, �.
<br /> --__ . p[�avided by an Insurer approved by Lender s�ain becoraes avu'tahle and is flbtsined.Borraxer shill py the p�emiums .�
<br /> . � required to muatain aiortp�e ingwance in etfect,or to provide a lo�ceserv�,until ti��quirement ioc mottp�e�
<br /> - -- - i�enda ia accordance with aay Writun agroeei�ertt bet�rcae Bocro�rer and Len�ler or applicabla la�►. - -
<br /> _- 9-Inapectio�.Lender or its agene inay maka rasomble entriea upoa aud inspcctions of the Pr,operty.Lender shall _---
<br /> a-'«� '� give Bonowec notice at ttie time ot ar prior to an inspection spxifyin�rcasonable cause for the inspecdos�. °�
<br /> -�� to co�a�n.tto�.�p�oi�uiy axard or clum for dama�s.direct os coasequential,in connection with �',��''
<br /> , � 't�" any�eundemnation or other taking of any part of the Property,or for con�eyance in lieu of condemnation.are ttereby� ;�_;.�";`�-
<br /> . '�'4`� ``':= asi�ied and shaft i�e d w I.ender. : •� . ; ;�:� •="`
<br /> _� :cx���4.r:� P� u--��=':
<br /> In tiie event of a total iakia of thc Pro pp y ty �-r`�'"
<br /> 3 � � r=F:��: , , g perty,th�praeeeds shall tx a tied ta the sums sec�red�b this Securi : .. ,,� }�:�_
<br /> ,-������__. ..�,»: _- - -Instn:m.'cEt.whether or not t1�due,w��►any eaasg gsid to Borro�rer.In the eYent o�a p�s1 ta�g of,th�Pt�p�aty ia�. E�-�{- _ '-
<br /> '°- �' ��-• ' which the tair marYet value of the PYoptrty immediauty befora the taking is eqaal to or grester than tha amount a1 the '� ``�''�`�-
<br /> . •:' `•" '.��<:� ' sums secured by this 3xurity Iasuumeat immediauly before the taking,unless Barrower and Leader otherwise agnx . ` . :"
<br /> ;.;..� ���� - ���' in writing.the sums seennd by tttis Seeurity Instrumeat ahsll be redwaod by the smoont of the proceeds multiplied by � • .�*.
<br /> . "���'"'� J '� the followiag fraction:(aj the wtal atnount of the sutns secuted immediataly ixfore tha taking,dividod by (b)th�fair ,_, ,
<br /> _� � ;�`"�`�'`��,'; :�_t'"� marker value of tt►e Propercy immediateiy before ti�e taking.Any balance sha11 be paid to Borrower.ln the event of a �
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<br /> ��•'.�- '-".` '. partial taking of the Property in�rhiclr the fsir mar�t value oi the Ptoperty imtnediately ixtore the taicing is less than t
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<br /> i; _=-'_., _ the amount ot tha sums sccured immediauly before the taking,untess Borrawer and Lender otherovise agre,e in writing � ,- •. . ;
<br />"`f ���: - ,. = - - or untess applicable law otherwise provides. the �coeeeds ahall be appliod to the sums_secured by this Security s: .:,':._-�. _...�
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<br /> , � _. . Instrument whether or not ttie sums are then due. ,;'; { '.. .
<br /> " ' ' � � ' " If the Property is ab�andonod 6y Borrowet,or if;after noti�x by Leader to Bortower that the condemnor offers w �;' '
<br /> � .F;`t�, `:::�;�..:.';: malce an award or settte a clsim for dams Horrower faits to nd w I.ender within 30 da s after the dat�the
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<br /> � ,`� _ : :�;:,_ ��a.:�' ��'t.:�. notice is given��.endet is sutboriud to collect and apply the ptoceeds�at ita option,either w restoratiotl or repaiT of the �.`�`
<br /> - - ._�,s.: ,_' ,� Property or to the sums sxured by this Security Instrument,whether or not then due. � � ,',-,'� � -
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<br /> Unteffi Lender and$orrower otherwise agra in ariting,any apptication of proceeds to principal shatl not estend or ' �a
<br /> �._ : _ ' �� postpoqe the due.dsu of the montWy payments reterre3 to in psragraphs � ind 2 or change the amount of such • .:�-
<br /> - _ � payments. , ., • ,' ,
<br /> . . ' . � I1. Borrower Not Ra2ased;F¢+s4reaaace By Lender Not a Waiver.Estensi�of the time for gayment or �_ - '
<br /> • � �odification of amortization of the saias�:si�d by this Sxurity Instrument grartted.;H�'3.erlder to any successar in � `
<br /> _ __�:._... , .. _ inttrat of BorroNtr sha11 tsot operafe t�rs:�asc the liability of the ori�'�. Bonowet vr�Bomnaer's sucoes�ors in ` : .
<br /> � ------ ---- -- - - intetest.Lettdet shali not be uited to coinrn�ce `�`; �'�
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<br /> . . req proceEdings against am�succes�sor in•intetest�r refuse w eater►d ?;,..r .
<br /> .�- time for psyment or otherwi§e modify amartiaauon of.the sums secured i�r�r�s Security.Ir�.strumenf by reason of any �;;`',�� ..
<br /> . . . demand r�tade by the originat Borrower or Barrower's successors in interest.�,ny forbearance by Gender in exercising j'; '. '�
<br /> ' . . � , . .•. ,
<br /> � . any r�ght or remedy shall not be a waiver of or preclude the esercise of any righr ur remedy._.._. _. __.. ;� . . _ �
<br /> �--- ��-�' . T-- 12.Successors and Assipis Hoond;loint snd Severaf Lisbility;Co�iYaers.The coveriants and agreements -- � -, _�
<br /> �" , of this Security Instri�ment shaU bind and benefit the successors and assig,s of l.ender and Borrm�arer,subject to the �i';;';: • '�
<br /> . . - � Provisions of paragraPh 17.Borrower's covenants and agreements shall be joint and several.Any Bo:soaer who co signs :�'?• ' , :
<br /> �" this Security Instrument b�t does not egecute tfie Note: (a� is co-signing this Secwity lnstrument onTy to mortgage, • � �
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<br /> ; ., . � , grant and convey that Borrowers inxerest in the Property under the terms of this Secarity Insts►irnent; (b) is r_��� r � �
<br />-' -._ �__-----._..----_-.--;:,':__ Y 8a PgY bY this Securify Instrument;and(c� ae ees that I.ender and an ot�-�rt' -�---- - -- .
<br /> . - :;�i;:,j•.< • personall obli ted to the sums sz�.vred y `�, . .
<br /> .,..� ' Bonower may agree to extend,modifs,forbear or make any accommodations with regard to the terms of this Security � •
<br /> • '���t lnstrument or the Note withovt that Harrower's consent. � j` ° ° �
<br /> '� 13. Loaa C6arges.If the loan secured by this Security Instrument is subject to a taw whieh sets maximum loan ;;r' :` ' �
<br /> - _ � - '•} charges, and that law is finally interpteted so that the interest or other laan chasges coltected or w be collected in ` :� '
<br /> • • • connection with the loan exceed the permitted limits,then: (a�any such loan charge shall be reduced by the amount •,.'';;
<br />� ' neoessary to reduce the charge ta the permitted limit; and (b) any sums already collected from Borrower which �. � . ,
<br /> . • . • esceeded permiited limits wiU be refunded to Borrower. Lender may chaose ta make this retund by reducing the • , �
<br /> principal owed under the Note or by making a d3rect payment to Borrower.If a refund reduces principal,the•reduction • .
<br /> �- • --- wilf be treated as a partial prepayment witnout any prepayment charge under the�ote. - -
<br /> . . . . • 1�. Notices.Any notice to Horconer provided for in this Security lnstrument shali be gi�en by detivering it or bp - , , ,
<br /> '. mailing it by litst class mail unlest a�Sipble law requires use of another method.The r,otice shall be directe�l w�S: . ,
<br /> � . Property Address or any other address�onower designates by notice to l,end�;.�ny notice to Lender shal!be given by . . .
<br /> � . �rst class mail to l.ender's address stated herein or any other a8dress l.ernder designates by notice to Borrower:Any ��
<br /> �.� • • _� � ---� � �-� � nbtice provided for in this Security Ir,strument shall be deemed to have been given to Borrowes or Lender when given ' � . -� - �'
<br /> � .. "=^=.... ... .•... as provided in this paragraph. � � �
<br /> . �• �`:,-� 15.Govetnin�Lsw;Severa�iIity.This Security Instrument shall be govemed by federal taw and the laW ot the �
<br />' ' • jurisdiction in ahich the Property is��cated.Jn the event that any provision or clausa of this 5ecurity lnstrument or the ' ' �
<br /> ; ;,�� "" ' ' Note conflicts with appticabte taw.such conttict shall not atfect other provisions of this Security lnst�ument or the Nate ' ' '
<br /> - � _ wh�ch can be given effect��it!�out the conllicting provision.Ta this end the provisions oi this Se�urity tnstrument and •
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<br /> - � the Note are declared to i�se'��b1e. '' �
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