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<br /> ------��- payments may no longc�r be roquired,ut the aption of l.ender.if mortgage insuruncv uouer�e[in the umount an�l far thc period
<br /> ` -``�`���� thAt Lender reyuires)provlde�by an iusurer upproved by I.ender uguin becomcs available and is abusinal.Bp�vowcr shaU pay
<br /> - y=..� the premiums nequjred to mxtinuain mortgage insuranoe ln effect,or to pmvIde a lass�setve.untll the requlrement for mortsago :--
<br /> - wv insurancc ends in accorclan�wlih uny written ag�eement bcrivoen Borrower aad Lender or epplicnble luw. .
<br /> ,� �,, •,�� 9.inspectlon. Lender o�its agent a�y n�ake resyvnabte�nu�les ttpor►snd insgxtions of the Prnp�rty. Ixn�:s�al1�lva =
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<br /> — Barrower nodce nt the time at or prtor to an inspectian specifyina�or.�tsk cause for the Inspection. �
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<br /> ,__�_,����',.'� 10. Cortdemnatlon.The pmoeeds of any t►wnrd or ctnim ft�r damnges. direct ar consequentinl. in coruiectIon w t nny
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<br /> =?�-=-----— condemnation or other tnking af any part af the Ptoperty.or for oonveyurtce in iieu of oondemruiuon,ure h:reby assigned end — - '
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<br /> 1,,:".,,.,�;�� � shall be puid to Lender. —`
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<br /> • *..,�,.�^: In the event of a toW takin�of the Praparty.the ptnoeeds shall be applied to the sums secuta�by thia Security Insmiment.
<br /> �'z3�'."?�'n:=_�;� whether or not then due,with any exoess puid to Bonower. In the eveat of a pactial taWng of the Property in whtch thE fair
<br /> ' � , � market value ot the Property immedlately bafore the talcing is equal to or gr�euter than the amoant af the sums secured by this ' --__
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<br /> '' '-• �� � =�'>` Scxur�ty Instrument immediatcly before the taki�g.unless Aorrower and Lender othetwjse agrEe ln writing,the sums secure�by `
<br /> '° '� � �' ,� this Securiry Instrument shall be reduced by the amount of the proceeds multipliad by tha fottowing fraction: (a) the totat
<br /> �° amount of the sums secuted immediately before the taking,divided by(b)the fair market value of ths Property immediasely — ___
<br /> � before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Prnperty in which the fnir _ --_
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured iramediately before the
<br /> takins, unless Borrower and I.ender oihe�vrise ag�in w�iting or unless applicabte law othc�wise pmvides. the pro�eds shall
<br /> , be applied ta the sums secur+ed by this Socue�iry Acueaursrtnt whether or not the sucas are then due.
<br /> '. If the Pmperty is abandoned by�or�wer,or i�',u�ter nolice by L.ender to Botrowet that the condemnor offers to a�ake an
<br /> ' award or settle a claim for da�urages, �ore+u��er fails to e�espu�ta I.ender within 30 days after the date the notice is given,
<br /> " • L,ender is authorized to collect au�st ag�ly th�pra.�eecls.at its opteon,either to restoratlon or r�epair of the Property or to the sums
<br /> secured by this Security InsIIrument,whether or nat th�n due. �'-*-'-"-'-
<br /> Unless I.ender artd�orrower otherwise agcoe in writing. any application of proceecis to principal shall not extend or =-
<br /> postpone the due date of�he monthly�ayments referced to i�pa�taphs 1 and 2 or change the amount of such paymenu. �,,,,�:=_
<br /> � �'� � 11.�nno�r•er Not Releasaetf;Forbrarance By I.endec Piat�Waiver.Extension of the time for payment or modification --
<br /> of amortization of the sums sec�ared by this Securiry Instrucnent gr�ntc�by Lender to any suocessor in interest of Borrower shall 'P�`
<br /> ��1 not operate to release the liability of[he original 8mrrower or�orrower's succe.uors in interest.Lender shall not ba requirpd to ,��•� ,�.,�'-"
<br /> ;�� commence procee�ings agannst any successor in ie�tcn.�ct or refuse to extend time for payment or oiherwise modify amortizaiion ' �^_ "
<br /> :%f� . of the sums secured b tlnis S�curity Instrument b reason of an demand made b the ori inal Borrower or Borrower's 'r�� '.
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<br /> _,:;;!;��ti s u c c e s s o r s i n i n t e r e s t. A n y f o r t n e a r a e���b y L e n d e r i n e x e r c i s i n g a n y t i g h t o r n e m e d y s h a�A �a t b e a w a i v e r o f o r p r e c l u d e t f t e � `,-�=,�;�„�*:�
<br /> ''`''°�'' exercise of any ri�ht or rennedy. � v ':�*`-
<br /> • f`3'� 12. Successors ao�d Asslgns Bound; Joire6 �ea�al Several Liability; Cm-slgeeers. The rnvenants Ard agreementc of this
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<br /> Securit Insttument chaU bind and benefit the surcessors and assi ns of Len3ee and Borrower. sub'erl to ihe rovisions of '�"`'---
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<br /> ��'�A�� . paragraph 17. Borrower's covenanu and agreements shall be joint and several. Any Borrower who co-signs this Security �.. �,.__
<br /> �� Instrument but doee not execute the Notc: (a) is co-signing this Security Instrument only to mortgage, grant and convey that :�;`y;:`,:�;�_:
<br /> "''�'. Borrower's iuterest in the Pro rt under the terms of thit Securi� Instrument;(b)is not ersonall obli ated to a the sums , �r?>i�_s',�::�`%...
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<br /> ' , • secured by this Security Instrumenr and(c)agree.that Lender and any other Bormwer may ag�ee to extend,modifj•.Forbear or ����si'l�'`�
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<br /> make any accommodations with mgurd to the terms of this Security Instrument or the Note without that Borrower's consent. • � � -�
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<br /> 13. Loan Charges.It the loan secured by this Security Instrument is subject to a law which seu maximum loan chazges.
<br /> �, '���, and that law is finally interpretcd xo that the interest or other loan chargeti collected or to be collected in connection with the ,
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<br /> ^° laan exceed the permitted limits,then:(a):�ny such loan charge shall be reciuced by the amount necessary to reduce the charge
<br /> • �,' ,i;;;i to the permitted limiz;and (b)any sums alrcady coUectod from Borrower which exceeded permitted limits will be refunded to
<br /> Borrow�er. I.ender may chaose to make this refund by reducing the principal owed under the Note or by making a direct , _
<br /> • payment to &�rrower. If a refund reduces principal, the reduction wiU be treated ac a partial prepayment without any E�
<br /> , •' • prepayment charge undcr the Nate. .y�;t,,, .
<br /> �;,,}'.°�:'�' Ia,tiotices. Any natice to &�rr��wer provideci tar in thi:Sr:urity instrument�h�ll be xiven by delivering it or by maiting ': j,'r�'
<br /> ����''%�<" ' it b fir.s:la�s mail unle+s a licable law re uires u�e of'anoih��r��rthod. The notice shal6 hc Jirected to the Pro tt Address ' ` `
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<br /> or am other address Borro+eer de,i€uate� hy notice to Lende�. Any nuticr ta Lender ,ha@3 be given by fint clacs mail to •�•.j• �
<br /> L.ender'.:�ddre.. stated herein ar any other addre•. l.�nder d�signate>hy notire to &�rm��cr. Any notice pro��ided for in this ,; :, ;
<br /> Si�curit� Imtrument shall be d�tirneJ to have hc�en�:��cr.tr Barrt���er or Lender�chen given ax�+ro�•ided in thi+paragraph. ��';yj:r�.
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<br /> ,i j d5.Q;o�•erning Lau�: �e�•erabi3in. I��t� 1�iUi31) i�;::i:�:ent tihSfl hC �uvCfticYl V�t tcQCf11 18�� h11U lI1C iaw ui ittc r,;:::rr_e,
<br /> " � .` t••� uriult�c�:m in u•hich the Pr�� rt i. I�xatc�i. In e':r��trn thac .my re��i.ion or rlau�e of thi:Serurih• In;trument or the Note t��vn
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<br /> � rcmtlict�H•ith appli.a[�:e lav►•,aunc�onflict �h:�3t r.a�•arfect�nhcr pr���•i+ion,af,hi:Securit� In�trununt or the Note u•hirh r:u�be �
<br /> given effert without ctc�•�onflirting pru�•i.ion. '���::i.end the provi.iun�uf t[t:�S��curit� In.trument and the Nute are derlared ,"
<br /> �"::i;f�. to t+e aeverahle. '� .. . .
<br /> 16.Borro�cer's Cop�.&�rru��cr.hall hc�.i�en onr cunf�„•rr.;d rup� u(thc Notr and of'thi�Scrurit� In.trument. ,.:�•:., `�����,
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