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<br /> ---3�--= - _- at the opti a[L�ender, if inott��e iasuraitoe covers�e (in the ainaiu►t aad for the period thas Lendec roq�ires)
<br /> - �e�ovided b�an insurer�pprov�by i:ender ag�in bxonias availibte asid is obUined.Borto�►er s1��i!qy the p�emiums _ T
<br /> required to munt�in.rnort�a�a it�suranoe in ettect.or•to provide a toes resecve. until the r�quicemrnt for mort��e __�
<br /> insuranoe eada in accordmce xith�ny r�ritten a�reement betNan Honnxer and Cender or spplica6le lax. � � =_- =
<br /> =�� 9.Intpectttm.Lender or its a�eent may make aason�ble entries upon and inspections of the Property:Lersder sh�l{�,1 �"`��T r�=
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<br /> '� � `>�'•�* �ive Bormwer tiodca at the time ot or prior w an in4pcction spcciiyin�sasnnable catrse i�r the inspection. : 1 �:•,;_�'',�'�;:
<br /> " ��'p� � 10:Condema�t�oo.The proaeds ot any a��rd or claim fos dam��es.dirxt`or cansoqoenti�f.in connection Witt� �
<br /> 4 � - ��'�� any condert►natian or other ulcin�o!any part ot the Propecty.or fot conveyance in lieu of condemnstion.are henby
<br /> r ���"� assi�ned and shaif be psid to[�endar. g � �--- .
<br /> ¢;���''z r�� tn the event of�wtat takist�oi the Property�the pcnaeds shaii be sppiied w ti�e snms securad by this See�rrity �- _- --`•�
<br /> _ �tnstturnes►t;wtse�ernr nat then dua,wtth any�pwd w$onower:Itrt�e�-ent ef-a partial taking�si thaPrupert�in� C-:--
<br /> >;_;:_�:r^;s�� �-"' ..':r:'.
<br /> - - which the faer markat vatue af the Proptrty irtmedisuly fxfore the taking is equa!to or greaur tha�the smount of the�
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<br />- �, sums sxured by this Security Instniment immedistely befare the talcing,uatess Borrower and Lender othtrwise agree - �
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<br /> � . ���-:""�'::�-� ia writing,the sums secured by th+s Security tnsuument shall be reduced by the amovat of the proceeds muhiptied�bY , . - ,
<br /> '_�,'.I.":.,
<br /> �r :°: -a-:f;�.; the follaw�ng faction:(a)tha total s�nount of.the sums secured immedistety befor�the taicing,divided by(b)the fair ..
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<br /> s �,�;r}-;��;;-; masket valoe of the Propetcy iminediately before the takin�.Any balance shall be paid to Borrowet.In the event of a ��
<br /> ��� ��-«�- partial taicing of thn Property in ahich the fair market valua o!the Propesty im�nediately befare the taicing is less than
<br /> tha smount of the sums 9ecured immediately before the takiag,unless Bortower and Lender otherwise agtee in wrifing �•:� ; .`', ����`
<br /> :`i _' ': . , .
<br />, _ .".��;:'`_'� ar unlGSS applicable taw othecarisc provides, tha psoceads shs l l b e app li e d w t h e sums s e c u r e d by t h c s S e c u r i t y �..�. . ;
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<br /> ��'=.=� Inswment whether or not the sums ate then due. . '.� " '� ���� ..
<br /> . ' ```:"'�'"•'�:'` . If the Property is abandoned by$ornower.or if,atter notice by Lendet to Borrower that the condemnor offers to- � '::
<br /> �;-j',;. : :.;:�-�:,, '� _ .:....
<br /> ��{,•.:., �,� make an award or settle a claim for damages.Botrower tails to respond to I.ender within 30 days efter the datc:the �, :., .�:
<br /> h D I/. r y _
<br /> , s i : rtotice is given.Lender is suthor"s2ed to collect and apply the proceeds.at its option,either to restoration or r�epair oi the. � ; . ' � s x,; :.
<br /> ` . ` Praperty or to the sums secured by this Security Instrument,whetha or not then due. `�'
<br /> ' ."��.:•,:.. �::=:: `: ; _.r:__....,. _�:..�,
<br /> �- - ;� �;-�, Unless Lender and Borrower otherwise agree in writing.any application of proceeds to principal sl►all no;est.es�d oc.. .. .�.,;,�,:�,
<br /> �#�i= �+ ' postpone the due date of the i+s+santlily payments refened to in paragcaphs 1 and 2 or chaage the amount of stich'• " � �f '
<br /> �.;;;-- �;'`��* PaYments. ..':;. ... . t h � �
<br /> ' `�= "�"��'��� l l:Aonower Not Released; Forbesnnc�By Lender Not a�Vaiver.Batet�sion of the time far pa meat or `�'�T��'`'`
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<br /> . �;f'1`��';; "�' modi�cation of amortization oF the sums secured by this Securitp Instrument granted by I.ender to any s�u:ces�or in . . :.;;,:��:;,�.:;F. .
<br /> - •�'• _ .._;.�.:.:-._.:� interest of Bonower shalt not operatr to r+ekase the tiability of ihe original Boccower oc Bortowec's successars iu '�. . . --_
<br /> 5 ' t` , � � interesi.Lendet shali not be required to wmmence proceedings against any stxcessor in interest or refuse W extend ��}'.
<br /> i � �' time far payment or otherarise madify amortization of the sums secured by this Securtty Instcument by reason vf any `: • j E�.:.
<br /> ``:.��F''� ,'� demand made by the.original Borrower or Borrower's successors in interest.My forbeatance by Lender in exercising � . '+� �i,.
<br /> _ `' L'--`.���h r' any cig}►t ar remec3y s h a l l no t b�a w a i v e r o f o r p t e c l u d e.t h e a g e r C l&e a�a n�g h t o r r e m e d Y,,, ,` ` , � .. F �"
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<br /> r � •<� �;,,.... ' 12.Succeasazs;�.nd Assigns Bound;Joint and�everal Lisbility.Co-signers:The covenaitts and agreements �
<br /> � � �'..' s',`,; `' ��' ' oi tlus Security T�stsument shall bind and bene�t the succe�ors and a�gns of I.endec and$oimwer.subject to the E . �
<br /> ,..::, .,,,,.,,�..•. .
<br /> ' �' provisions of paragraph 17.Boreawer's covenants and agreements&hall be joint and sevetal.Any Borrower aho ca-signs � ! ..
<br /> - ` - _. this Security Instrument but dces not execute the Note: (a) ia co sig�ing tlus Secucity Instrument oNy to mortgage. 4
<br /> " � grant and convey that Bon'ower's interest in the Property under the terms of this Security Instrumenr, (b) is not r �� - �
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<br /> ' -�- �-"- �-''�� - --" ��-- personally obligaud to pap the sums secared by tfiis Sec�srity Instrument;and (c) agsees that Lendar and any other
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<br /> . � Botrower may agree to extend.modify.forbear or make any accommodations cvith reg,ard to tha terms of this Security '
<br /> ' • Instrument or the Note without that Borrower's consent. � �
<br /> _ �� � 13. Loan ChasEes.If the loan socured by this Security lnstrument is subject to a Iaw which sets maximum loan ' ' '
<br /> � � �� � � charges. and that law is finally interpreted so that the interest or other loan charges coUeeted or ta be c�llea:ted in �� �
<br /> - i �:' • • connection with the loan exceed the permitted limits,then: (a)any such loan charge shall be teduced by the smount �
<br /> . . �• necessary to reduce the charge to,she perrnitted limit; and (b)any sums already colteetr,cl irom Borrower which
<br /> � � eaceeded permitted limits will be refunded to Borrowes. I.ender may choose to make this refund by reducing the
<br />. . . �� principel owed under the hota or by making a direct payment to Rorrower.If a reiund reduces principal.the reduction s
<br /> �• �� �� '� �-� - �-�- -��� '� �» ment charge undec the`'ote. ` - . � -
<br /> w' be treated as a partial prepayment without any prepay ,
<br /> - • � . � � 14.Nottces.Any notice to Borrower pn�vided tor in this Security Instrumentshalt be given by delivering it ot by � ' .
<br /> � . � � • mailing it by fitst elass mail unless applicable law requires use of another method.The notice shaQ be directed to the `. . ,
<br /> ' � Property Address or any other address Borrower designates by notice to Lender.Any notice to l.ender shall be given by �
<br /> • ' . ' first class mail tu l.ender's address stated herein or any other addrwss Lender designates by notice to Borrower. Any �
<br /> ; .� ,�,,��':.;;;•, : �' notice provided for in this S�curity Instrument shaA be deemed to have been givtsn to Borrower or Lender�r•hen given , , _ .�
<br /> � ...., ,•, as pravcded in this patagaph. � ,
<br /> � `��`{ iS.Govetain=I,aw:Severability.This Security lnstrument shall be governed by federallaw and che laa af the � `�'
<br />- •�,:t_..'�R.\.� � .. . .
<br /> jurisdictinn in whieh the Ataperty is iceated.In the evrnt that any provision or cla�ue of this Security lnstrument or the�� ,
<br /> �� Note cvnflicts with applicable law,such conflict shall not affect other provisions uf this Security Instrumem ar the I�ote � , :
<br /> : `;,.;.... _ . : which can be given effect withuut the conflicting provision.To this end the provisions of this Security lnstrument and �
<br /> � �� the Nots are declared to he severa6le. `i��.,,�•
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