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<br /> ` pym�nu�y po b�x w�quind;at the optba or 1�wnd�c. ir mat�e i�wrancse cavar�e cln U�e rmount and tb�die period
<br /> �t t�dmr relNira)Prov{ded bY�n inarar�ppruwd bY L,erida'Mtiio be000ia�r�H�bM wd i�obtal�ed.Banvwec eh�U pry
<br /> th�P�'�aiun��equiiad to inaimin iaortp/�ina�no�e in eqect,ot'b provide�b�e ra�erve.und!the rpuir�nM►I lror�a�N
<br /> ia�ueaoas�ad�ia�ooad�cc rrkh a►Y wrMao+�peemait bet�Baro�wr aad La�du a�pptic�b4e law. �.
<br /> . !.Iw�ecde�.Lader or its�nt m�y m�k�e r�awAle mtrfe�upoa md in�pectioo�of tbe Propeccy. L.ader�hall are
<br /> Borrower nodce u the ti�ne of or pdor to an impeetion tpecifyin�n�o�wble awe ta t1�e inipectioa.
<br /> 10. Co�deroMloM.The pmoeoda of w►Y tw'+u'd or cldm for damt�ea, dlroct or coruequemid. in oo�ux.ctlon with any
<br /> Qondenwtioe or ott�a takin�of a�r pet of tbe Property.ar fcx ca►veyanoe fn Ibu of oo�dm4artloa.uo t�ereby asti�ned aad
<br /> `l�all be prld to i.cndcr.
<br /> In the event of a totil taking of tha Propeciy,the procaeds�hsll be appliod W the sumi�ocuced by thiY Socurity In�uuroa�t�
<br /> whalxr or not then due,with any excas paid w Hocrower. In the event of a pu�tW t�king of the Propeny in which the fdr
<br /> m�rlcet vAlue of the Propaty immaiiately befon the talciny is oqwl to or g�ta thm the�nt of the wmc�ecured by this
<br /> Securiry Insuument immcdiately before the taking.unlcss Borrower u�d Lender othe�wise agra!n wdtin�.the wma sxared by
<br /> this Sa;uriry Instrument shnll be reduced by the amount of the proceads muldplied by the following fnetion: (a) the tdal
<br /> artwunt of thc sums secured immaiiately beforc the t�lcing,divided by(b) the fair market valtu of the Proparty inunediuely
<br /> before the tilcing. Any b�lana sholl be p�id to Borrower. In tt�e¢vent of a putW tafcing of the Property in which the fair
<br /> madcet value of the Propeety immodiatdy before the taking is less thac►the amaunt af the sums securtd immediately beforc the
<br /> tafcing,unlas Borcower and Lender otherwisc agrce in w�iting ur unless appliceblc aw otherwise providca,the procads ct�ll
<br /> bc applied to the sum4�ecurcd by this Secur�ty Instrument whether or not the sums are ihen due.
<br /> If the Propercy fs abu�doned by Borrower.or if.aftcr notice by L.ender to Borrower that thc condemnor offers to m�lce an
<br /> award or settle a claim for damages. Borrower fails to nspond to Lender within 30 days after the dAte the notice is given,
<br /> L.ender is authorizod to colleet and appiy the prc�ceecls,at it9 option,eittier to restoration or repair of the Prnperty or to the swn�
<br /> secu�+ed by this Sccurity Instrument,whether or nat then due.
<br /> Unless Lender and Borrower otherwise agree in wrlting, any application af proceeds to principal shall not eatend or
<br /> `- postponc thc duc dAte of the monthly payments referr2d to in paragraphs 1 and 2 or change the amount of such payments.
<br /> - 11.Borrower Not Released;Forbearance By Lender Not a WAtver.Exunsbn of the time for payment or modifia►tion
<br /> �%= of amorti7ation of the sums secured by this Security instrument granted by L.ender to any successor in interest of Borrower shall
<br /> -=,;,.
<br /> -,-.,. not operate ro release the liability of the original Borrower ar Borrower's successors in intercct. Lender shall not be rcqut to
<br /> ,:�=; commence pracerdings againu any successor in interest or refuse to cxtend time for payment or otherwise modify amortiz�tion
<br /> - of the sums secured by this Security Instrument by rcason of any demand madc by the original Borrower or Borcowcr's
<br /> . :
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shell not be a waiver of or preclude the
<br /> „�., exercisc of any right or remedy.
<br /> � i2. Succeswra�wnd r'�,i{���Sound; dolni and �c�cr�!L3sb3!lty; �u-slgnew. The rnvensnts anci agmrnents of ihls
<br /> Security Instrument shall bind and benefit the successors and assigns of I.ender �nd Bonower, subject to the provisions of
<br /> � paragraph 17. Bonower's covenants and agreements shall bc joint und seve�al. Any Borrower who co-signs this Security
<br /> � �" Instrument but does not execute the Nate: (a) is co-signing this Security Instrument only ta mortgage, grant and convey that
<br /> � , Horrower's intcrest in the Praperty u�der the tcrms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> =**' - n•+;•-� �•� secured by this Security Instrument:and(c)agrees that I.ender und any other Borcower may agree ta extend,modify,forbear or
<br /> — :'ii;�t`a:r:{::ri�tp;.:�
<br /> _ � f"+�;y��'.,;��� make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> '•'* '•.��•`:�""°�".�-�' � 13. Lostn Charqes.If the loan secured by thi�Securiry Inatrument is subject to a Isw which sets maximum loan charges.
<br /> ' sind that law is finally interprcted so that the interest or other loan churges collected or to be collectc�d in connection wlth the
<br /> '�" toan excecd the permitted limits,then: (a)any such loan charge shall be reduced bp the amount necessary to reduce the charge
<br /> :�
<br /> ��'�+'s•;...,�.,..�F
<br /> ,n,�;• ��,,S ^} , .� to the permiued limir and (b)any sums ulready collected from Borcower which excec:ded permitteci limits wiU be refunded to
<br /> .•� "^�'��- •• Borrower. Lender may chcx�se to make thix refand by reducing the principal owcd undcr the Note or by making a direct
<br /> . ..; .;,,;,..,...:_.' ;,
<br /> ,�;eT�_.��_ : .�,,,. •` payment to Borrowcr. IF a refund reducer principul, the reduction will be treated as n partiut prepayment without any
<br /> ��,.�3 . _..�,,,,.,, prepayment charge under the Note.
<br /> • � • ' 14. Notices. Any noticc to Borrower provided for in thix Serurity Instrumcnt�hall bc givcn by dclivcring it or by mailing
<br /> „ - it by fir.t class mail unless applicaNlc luw requires uxe of another mcth��d. The noticc shall t+e clirectcJ to thc Propc:rty Address
<br /> . or any other addretis BnR�wer designat��, by n<nice to Lrnder. Any noticr to Lendcr shall be given by first class m;►il to
<br /> ' '.,.�- Lcndcr'.r adJresc stated herein or any othcr uddrc+� Lendcr designateti hy nutirc tn B��nowcr. Any n�nicc provideci for in this
<br /> _��4 y� , . Sccurity In�trumcnt�hall lx:dccnxxt t��havc becn given to Borrower�x l.cnder whengivcn ax providcd in thi�paragraph.
<br /> ��. . I5. Governing I.aw; Severubillty. Thi, Scrurity Intitrumeut shull he gr.vern�b by trdrrul luw and the law of the
<br /> � ��`�a.•� jurisciiction in whirh thc Pmperty iti I�katui. In thc evcnt thut any pru�•isi�m or clau�c of thiti Scruriry Instrumcnt or thc Natc
<br /> ,�, . conflicts with applicablc law,such contlict shulf not affcct othrr prnvi�i�m.��f this S�tiurity Juxtrumenl or thc Notc which cun bc
<br /> ; �'� , given effect H-ithout the a►nflirting pruvision. To this cnd the prrni.rians of this Security In+trumcnt anci the Note are declured
<br /> 3 . to bc,evrrablc.
<br /> 16. Borrower's Copy. Burruwcr shull b�given unr conti�rmed cupy eif the Nute:tnd of thi�Srrurity Instrument.
<br /> ` - Pam 3028 8180
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