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<br /> -- - ° p�ymenu nu�y ro lon�cr be requinaf��t the c�don of Is�.it mon�ye irMUC�nce wvenr�e(in the unoual�ad fa th0 Perbd
<br /> thet Lender requlra)FmvWad by an Inwror appraved by l.a�der�In becortw ovdl�ble md i�obWnad.l�orrowar�hil pry
<br /> �he promium�nequirod w rnv�rain mo�t�ye inur�nce in eflact,or to provide• lat ro�erva,untit the roquiranent for moetryo
<br /> inur�noe endt ln�caootdmc�with�ny wripen yreemant betweai Borrower�ad l�or�pplk�ble lrw.
<br /> — f. Iwpecllo�.L,ender or iu�a�t m�y m�e rauc�abk enuia upan md inspadoa�ai 1he Fropeaty. laid�r�U�iw
<br /> Borrower rwtia u the time oP or prkx to m inpectbn�pecifyin�r+ara�able awk fa�he i�pedion.
<br /> 10. Coadem�tbn. The pr000eds of any�wud o�claim for d�nu�a,dlroct or oon�oquential, in connxtion with my
<br /> c«Kkmrutla�or othcr Wcfn�of any part of the Property,or for oonveyaaco i�Ibu ot ooadMno�tion,are Iwraby wip�ed�ad
<br /> _�-�--- - :hall be p•rld w 4atidtr.
<br /> In the event af�toW takir►�a6 the I't+opetiy.the pra�eeds�hali be apppad to the wms secured by thi�Sacurity In�ttummt,
<br /> whether or not then due, with any exoa�p4id to Borrower. In the event of� pctial talcin�of the Pro�xtty in which ihe fdr
<br /> ,_.�.. muket value of the Prope.�ty immediately befoc�c the aking is oqual to ar�rcater ttw�the u�xwnt of the wms socurod by ihi�
<br /> Socurity Instrument immediately beforc the taking.unlesc Borrower ond Lender otherwlee�rx in wddn�,tt�c wcnc�xurod by
<br /> this Socuriry Instrument shall be coducal by the wnount of the proceeds mu idpliod by the foliowin� fr�etion: (�) the wtal
<br /> �rtuwnt of thc sums secural immodlately beforc the tuking,dividal by (b)ihe t�ir nurket valut of the Property immedlately
<br /> beforc the taking. Any balancc st�all be paid to Borrower. In the avent af�putial takin�of the Property In which the fdr
<br /> merket value of dx Propeny immediatcly bcforc the taking is less ttwn tha�nount of thc sums securod imrnedi�tely beforo the
<br /> tAklag,unless Borrower und Lender otherwisc agroe in wdting or unless applic�ble law othervvise provjda, the pmcoodi�full
<br /> be applied ta the snms secured by this Security Instrument whether or nat the su�ns nre then due.
<br /> If the Property is abandoned by Bormwer,or if,after notice by Lender to Borrower tiwt the oondenu�or offers to rtNke an
<br /> _ award or settlo a claim for danutges. Bormwer fails to r�espend to Ltnder wlthin 30 days after the date the notia is�iven,
<br /> _ Lendar is authorized to calloct and appty the proceeds.at lts option.either to rebtoration or rcpai�of the Property or to Ihe sumc
<br /> - sccurcd by this Securiry Instrument,whether or not then due.
<br /> - Unless Lender and Borrower otherwise agree in writing, any application of proceals to pr�ncipal shall not extend or
<br /> postpane thc duc date of the monthly payments referred to in pa�agraphs 1 and 2 or change the arnount of such payments.
<br /> ' 11. Borrower Not Released;Forbearance By I,ender Not a Waiver.Extension of the tirne for payment or modification
<br /> �•�:r of amonization of the sums secured by this Securlty Instrument grantcd by I.ender to any successor in interest of Borrower shall
<br /> not operate ta release thc liability of the original Borrower or Borrower's suaessors in interest. l.ender stwll not be requirod to
<br /> - � commence praccedings aguinst any successor in interest or refuse to extend time for paynxnt or otherwise modify amonization
<br /> -- 1`` of the sums stxured by this Security Instrument by reason of any derr��d r»ade by ttte original Borrower or Borrower's
<br /> •�� " � successors in lnterest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or proclude the
<br />_ F'` exercise of any right or remody.
<br /> . ���{�,1zr�:,�, IZ. Su��x.+ors wnd Assigns Bound;.ioint and Severai Lipbiiity; Co-signera, 7he covenants and agrcements of this
<br /> =``=�s`'���.;+r�; .. .� Security Instrumcnt shaU bind and benefit the successors and assigns of Lender and Borcower, subject to thc provjsions of
<br /> .,.�.,.... .,�,�.:•..,..�_;�
<br /> : • � paragraph 17. Borrower'c covenants and agrecments shall be joint and xveral, Any Borcower who co-signs this Security
<br /> .,;x„a,.:,,.:�;� '
<br /> ;��-�: •,. Instrument but dues not execute the Note: (a) ix co-signing this Security Instrument only to mortgage, grant and convey that
<br /> - �`""'.''`'" `�' Borrower's interest in the Property under the tcrms of this Security Instrument: (b) is not personally obligated to pay the sums
<br /> . ��
<br /> - : secured by this Securiry Inst�umcnt;and(c)ugrees that Lender and any other Borrower muy agree ta extend,modify,forbeac or
<br /> � • rtutke any acc�mmodatious with regard to thc tcrms af thiti Security Instrument o r the Note without that Bonower's consent.
<br /> , 13. I.oan Charges. If the loan secured by this Security Imtrument is subject to a law which sets maximum loan charges,
<br /> ��it. , _ and that law is finally intcrpreted re� thstt thc intcrest or athcr loan ch•rrges wl�ectcd or to bc collected in connection with the
<br /> ' " loan exre.:d the permitted limits, then: (a)any such loun charge shall he reduced by the amount necessrry to reduce the charge
<br /> ��� , ' to the permitted limir and(b)any sums already collecteci from&�rrowcr which excecded permitted limits will bc refundod to
<br /> � , Bon�wer. I.enJer muy chexise to make this refund by reducing the principal owed under the Note or by making a dircxt
<br /> ;.. .
<br /> p•ryment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment witiwut any
<br /> pmpuyment rhurgc undcr thc Notc.
<br /> .{. 14. Notices. Any noticc tu&ttn►wer pruvidcJ tur in this Security instrum�nt shall be given by delivering it or by mailing
<br /> it by fir,t class mail unlcs.applicahle law reyuires use of annthcr me:hocl. Thc naticc shall be directed to tha Property Address
<br /> • • or uny uther addrr„ Borrower detiignatcs by notice tu l.ernier. Any n��tice tc�I.�:nder tihall bc given by first class m;iil to
<br /> '~'` , Lendcr'�aJdres.st;�ted herein or any otlur adJreti� L.enJcr de�ignutes by niNice In &rrrciwer. Any ncNice provided for in this
<br /> • ,. Security Imtrument shull bc dccmed to havc becn given to Borrowcr or C.cndrrwhcn given u.pnwided in thix paragraph.
<br /> ;,:,:.�, 15.CoverninR Luw; Sever�bility. This Scrurity Intitrument �hall bc gnvcrncJ by fc�cral law and the Irw of the
<br /> ` •"" juriscliction in whirh thr Property is kxated. In the�vent that un�• pruvi.iun or dau.e nf thi.Security In�trument or ihe Note
<br /> �!� �• conflict+with upplirablr law,tiunc��mflict sl�all nnt uTfcct othcr proei.ion�c�f ih i.Srcurity Inrtrumcnt or thc Natc whinc�un bc
<br /> } i given cffect without the wntlicting pruvi�ion. Ta thi,end the provi,ianti of thiti Serurity Instrurnent and the Nate are declured
<br /> :;
<br /> -• to bc kvcrubtr.
<br /> ��.� , � � 16. Borme•er's Cop��. Burrower.rhall bc given onc cunliirnxJ copy uY dw Notc anJ i�F thiti 5ecurily Imtrumcnt.
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