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<br /> __ paymente may rto longer be required.at the c►ptiou�f L�endet.if mort�egu insuranoo covertsg�e(in ti�G anx+:u�i.ra� pcPiad
<br /> that Lender rec;ulras)provlded by an insti�rer appmv�d by l.cndcr�:tin b�eoomrs availubld an�t i3�btni�sod. ffiasrowsr et�a11 pny
<br /> _______�, the premium9 requlrc4 to msintnin mortg;�o ins��runrc in effect�ar Ia pravlda u loss rescrve.until the reguirc�ent tor�s�o�tgago
<br /> ----- insurnnce ends in ncoordance with nny v�rrltten cigrexnunt hetween Borna►ver and I.e�er or c�pplicabJe law.
<br /> -------= 9.Inspectton.Lender or its ogent may mnke reasonxble ensrles upon un�inspectlons of the Pmperry.l�cnde�shaii glve
<br /> Sorrower nmioe nt the Sime of oa priar to an inspe�,lion specifying reasonable caure fos the in�gpeetion. __
<br /> __._�--� !0. Condemr+atlnn.'I71c proceeds of any n�vnrd or ctaim for dumnges,direra or consequcmini, in connr.ction with any
<br /> oondemnation or other teking of any p.vt of the property.or for oonveyunoe in licu af cor►demnation,¢r�e hereby ax�ig��d and __
<br /> -___=_== shall be paid tu Lender.
<br /> - ____� In the event�f n tott!I taking of the Pra�sty.the procQeds s�!!be c;ppliecl to�he sums secured by this Securiry Insuument. —
<br /> _-�-�� — whether or not then due,with nny exces.g paid to Borrower. In the event of a purtinl taking of the Prupeny in which the feir
<br /> _��� market value of the Pmperty immedisuely before the tnking is equal to or greater than the nmaunt af the sums secured by this �
<br /> ��'��a' Security Instrument fmmediately befor�e the takins.unless Borrower and Lender otherwise agree in�vriting.the sums e�ecured by �
<br /> ``�v��:{q'�� ,�� this Security Instnimera shall be reduoc�d by the amount af the px►�ds muttiplied by the fotiowins fruction: (n)tt�e tota!
<br /> �`;,'::.34.y7.I.
<br /> :�:'�--.:,�rr. azuau�t of the sums securt�d immediutety before thc taktng,dividod by (b1 the fair market vulue of the Property immediately
<br /> •' ' `�� befoz�e the taking. Any balanoe shall be Faid w T3errauer. In the event of a parti�al wking of the Property in which the ft�ir
<br /> 4: ..'�":.���`:,.; ��.uket vatv�Qf the Pnoperty immediatety befcsre cine takzn�is less tUan the ataaet�t a�f tlte�ums sectu+ed immedtutely before tt►e
<br /> . . tatcin�.uctless Bomower attd Lender ot4tervrise agrea in writing vr u�less a$plicab[e Caw a�heevres�ptnv[des.the proce�ds shall
<br /> ' �e a�plied to tke s�ms secured by this S�riry Insuument wheth�oe rtart the su�rrs a�tkere dae.
<br /> - � if thc Pns�cYSy�.r.bsctdoned by Borrower,or if,after notice b�r l�earder to l�mav�er¢6.at tP�¢oondemnor offets to make ate
<br /> �ward or sett�e a clairn for damages. Borrower fails to respond to Ilxatder wit➢tice 30 days after t4te date the notice ns given,
<br /> -����''' � Ilxrtder is authorized to rnllea and apply the proc�eds.at its optidn,ei�Pcer to restoratian or�aaA of ihe Property or to¢Q�e sucns �
<br /> � ;` " � ��� secured by elus Securiry lastrument.whether or not then due.
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<br /> � � ��:'�'�• Untess Il�ender and I3orrower otherwise agrre in writing, aayr �pplicadon of proceeds to principal shall ttot eAtead or
<br />:,,� ,. �ostpane¢1'�e c@ue date of the monthly pavments referresl to in paragraphs 1 and 2 or change the a�ount af sach pay��ents. __ a
<br /> �,° 11.�omoa�er Nof Releasea;Forbearance�q Il.�er Not a Waiver.Extension of the tiene for pay�ut or modification
<br /> '?` ' •�� �,f amortization of the sums secured by this S�ecuffnry 4a�stniment granted by Len�r co�any suaxssor in interat of Borrower shall _
<br /> �;� ",. J%� ':;.•,�:. not operate to mlease the liability of the oeigiral lB��rower or Borrower's suocessors in interesc. I.ertder shall not be requined to
<br /> :_,�� commence proceedings against any successor in dnterest or refuse to extend time for payment or otherwise modify amortization
<br /> - , - of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> _ _— �,;,,��� !n in��t_ qny fnrhearnnce by Lender in exetrising any riRht or remedy shall not be a waiver of or praclude the __
<br /> '" exercise of any right or remedy.
<br /> � �;:�;�. ' 12. Sucsessors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this
<br /> � � Security Inatrument shall bind and benefit the successors and assi�as of Lender and Borrower, subject to the provisians of
<br /> �arngraph 17. Borrower's rnvenants and agreements shall be join8 and several. Any Borrower who co-signs this Security
<br /> finstrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortgage. grant and convey that f},.���a_
<br /> . IBorrower's intecest in the Property under the terms nf this Security Instrument; (b)is not personally obligated to pay the sums i;,�:.;,
<br /> serured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree ta eztend.modify,forbear or �:.n:
<br /> make any accommodations N•ith regard to the terms of this Security Instrument or the Note without that Bornower's cronsent.
<br /> 13. Loan Charges. If the loan secured by this Security instniment is subject to a law which sets maximum loan charges.
<br /> and that law is finally interpreted sn that the intere+t or other lo;m charges collected or to be collected in connection with the
<br /> - loan exceed tfie permitted limits,then: (a)any such loan charge shall be reduced hy the amount necessary to reduce the charge `�•_
<br /> � to the permitted limir, und (b)any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> ��'•)"�.`�� � Borrower. Leoder may chcw�e to make ihit refund by rcducing t6�e prineipal owed under the Note or by making a direct
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<br /> '�,�';�;; payment to Borrower. If a refund reduces principal, the reducti4ia will he trcated as a partial prepayment without any
<br /> , , prepayment char€e under the Note.
<br /> 14. Notfces. Any notice to&�rrower provided fi�r in this Security instrument shxll be given by deliverin� it or by mailing '�,
<br /> it by fint cla.s mail unle„applicablc la�c reyuire.u�c��f an��ther methczd.The not�de shall be di�ected to the Property Address ;':;�r
<br /> or any other addresa &�rrower detignater h}• nutice to l.ender. Acn rtuti:e ¢o Lrnder tihall he given by first class mail to '#G'�
<br /> :��''.:��� I.ender's address stateci herein or am other addretiti Lender de+ignaue� E+� nutice to Borrower. 9ny notice provided for ia¢his �,1�' •�.
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<br /> � `"" Security In�trument shall be deemect to have been g:�•en tu&irrower i�r Lender wh.a gi�-en a�pPCnideci in this paragraph. ;��,-�
<br /> I5.Governtng La�ti�: Se��erabil[t��. Thi, S�tiuriry In.trument tihali br g:��ernccl by f�dcral law ac�d the law af the �^�t�
<br /> jurisdiction in u•hich the Prupem• i�Icxatexi. In the c�ent that am �ro�i.ion.•: :�ause af thi. Szcurity Instrument or che Note ��
<br /> conflict.w•ith applicable laa.�urh rontli�t.hall nut aff�Yt�rihcr�+r�+�..:a�,��t t4:i+Security In.teumem ur the Note��hinc�a,e.he
<br /> given effect w•itheiut the r�mflirting pru�•i.ion.Tu th�+enJ the pr���i�: :�>of�ha.Srcurity In�trument and the I�ote are decl.ar�u�
<br /> rto be�e�•erable. �
<br /> 16.Borrower,Q'ac�a.&�rnraer.hull he gi�cn��ne rnnt��rnt��' cup) uf tn�`��.c and c�f thiti Serutit} Imtrutttent. d.'
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