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<br /> "'`'"' s�','� paymen�s may reo lon�er�requjred.nt ihe apQan of I.ender.if martgago insurnnce cove�mg�pn theii�Re�Mr eho perlod _ 1: c
<br /> �:��-�.'?'"'�'�; t�ut Lender requires)providal by an insurer�pproved by Lensier cigain becomes ovAilablo nnd ie abt�inad.B�rr�wer ehnll pay �.,_ _ _ �" °
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<br /> ,:•°'t��'>? •��";°' �� �1►e premium.g r e quired w mainu�in rrtortgage insura�ece in effect.or to provide o loss ressrve.until the requicement for mortguge _�__. _
<br /> '�� ':� . �; iasurnnce ends in nxoedance with any written agreement batween 8orrowcr und I.ender or upplicable law. ,
<br /> .�.,;ti;,,,.,,.,.�,;�,t1= 9.IttspactQon.Lender or its agent mny muke�soru►ble entries ugon and inspECuons of the Praperty. Lender ehall give ,. ;_
<br /> �.x�������Y'��-, Borrower nottce at the dme af or priot to un inspECtion spesifying reasonable c�use far the inspoctian. ';:.�;',�_;,�;:,r__f'Y-
<br /> � ' . ' 1D. �;ottdcmnaYlon.The prooeed� af a�y award or claim far dtunmges, direct or consequentiW. !n eoruiection wlth tu►y . � .:
<br /> �'=:`;�����..•='�,.� condemnatton or other tsking of any part of ihe Property. or for oonveyance in peu of condemnation. are hereby ussigned nnd � �-�;�__
<br /> .,�;�.,
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<br /> . _ ': shall be paid to Lender. ° . :',
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<br /> �.-- _- - - In the event of�total taking of the Property.the proceeds shall be applle�t to the sums secured by this Security Insuument. �. .1�..:._ -
<br /> " whether or not then due. with any eaoess paid to Borrower. In the event of n partlal taking of the Properiy in whIch iha fair ''.,•.u�:,.:. -
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<br /> market value of the Property lmmediately before the taking is equal to or greater than the amount of the sums serured by this ,, , i A—
<br /> , a> S�urity Instnureent immediately before the ta�Cing, unless Borrower and I.ender otherwise ageoe in writing,the sums secured by _
<br /> �•�� this Security Insuument shall be reduced by the amount of the proce�s mutdpiied by tRe foElowing fcaction: (a) the totat � ,_
<br /> a�ttouat of the sums s�cured immedietely before t�se taki.ng,divided by(b)the f�ir►narket va[¢e of the Pcopercy imme�iately .1' ; ��
<br /> . � before the taking. Any bnlance shall be paic4 to ]�orrower. Ln the event of a paitial tatcing of tite ff�rope►ty in which the fair .. •. ---
<br /> � :t's�;:� �rartcet vatue of the Property immed�ateCgr DeEore ehe takir�g is less than the ainount of Yi�e seims secuend imm,edia8ely before tPr.e . .
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<br /> --�•,�'.��, : ,: c�[ting.e�ntess lBorrovrer and Lettder otpcenv�se agree in writing or unless applicab�e lavr otherwise p�ovides, t�e praceeds sbaii , . . '
<br /> ,;,;, �'� � ' ' be applied to t�te snms s�x.va�ad DY�.is S�cuaa�r Ic►stniment whedier or not the sums are t[ten due. `L=
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<br /> ^.� If the Property is a6aadoned�y Ba�ri�ow�r,or if.aRer natice by Lender to�osrower tPrat tY�e candemno�offers to make an -_-:---..�
<br /> ; � ,,r,!:cf award or settle a claim for damages.Sorrower Fails to resportd to I.ender within 30 days after the date the nodce is given, ., �v:=•-
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<br /> ��:;',�::" • Lertder is authorized co rnllect and apply the proceeds,at its option,either to testoration or repair af the Property or no the sums , :�:�;:�::
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<br /> • •�, 's�1. secured by this Security Iastrument, whether or not then due. � . ..._
<br /> ' � Unless L.ender and l3ornower othenvise agree in w-riting, any appliration af proceeds to principal shall not exte.nd or {,; {,�.:
<br /> �' �' '' `. postpone the due date of the monthly payments referred to in paragcaphs 1 and 2 or change the amount of such payments. , . ��
<br /> � 1D.Borrower Not Rdeased;Forbearance By Lender Not a Waiver.E�tension of the time for payment or modification �;a�, _
<br /> . � ' of ainortixation of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrower shall ,
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<br /> • .,s'',�'�'� f not operate to release the tiabiliry of ihe original Borrower or Borrower's successors in interest. I.ender shall not be required to �
<br /> ; .;{�, .
<br /> , , .. commence proceedings against any sucoessor in interesc or refuse to extend time for payment or otherwise modify amortization �•`�„a�.,
<br /> ` of the sumc secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's ,��` ��
<br /> ;:� � ' ��t5 ifl liit2i25t. AtSj� fOf�Tiiace by Lenc3er in espmising any right or remedy shail not be a waiver of or preclude the --- ' ' �,•:
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<br /> .,.�.},.;�.,.; exetrlse of any right or remedy. ; a;�!� �� �,
<br /> � '� '. •; �;,.,:••`���` 12. Succ�sors aad Assigns Boannd;
<br /> . ..,.,,..,,.� doint and Several L9ability; Co-stgners. The covenanu aad agreements of this �. • 1,,,;,,,,;�..A
<br /> . � � � Security Instrument shall bind and benefit the succe.uors and assigns of L,ender and Borrower, subjece to the pmvlsians of • . ;:i�i��'
<br /> .. :,.�,,:.
<br /> ';`'1.:..''.. • paragraph 17. Borrower's covenanu and agreements shall be joint and severai. Any Borrower who co-signs this Securiry �.r,';� �;� �
<br /> �� ' �' �� Insavment but does not execute the Note; (a)is co-signing this Secur�ry Instrument only to mortgage,grant and convey that ` '' , �� ��.• ;
<br /> ' ` Borrower's interest in the Property under the terms of this Security [nstrument;(b)is not personaily obligat e d to pay t he sums -�•''�� �
<br /> � secured by this Security Instrument;and(c>agrees thut Lender and any other Borrower may agree to extend, mc+dify.forbear or • ;{�'°,�,�,
<br /> � make any accommodations with regard to the terms of chis Security Instrument ur the Note without that Bort'ower's rnnsent. j/"�%�
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. , �`'1
<br /> � • and that iaw is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the ''. , . ��;
<br /> `�•.•'!,3,��:� loan exeeed the pemutted limits,then: (a)any such loan charge shall be reduced by the amount neeessary to reduce the charge ' �'?;}�;,;..;: ��
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<br /> : ;,1;,;� to the permiaed►imit;and tb)any sums already co1►ected fmm Borrower which ezceeded permitted Iimits will be refunded to ��;;*.���=.
<br /> " . ' Borrower. Lender may chcxise to mal:e this refund by reducing the principa] owed under the Note or by making a direct Y'���� �
<br /> 'j:, . •' .•� .
<br /> � payment to Borrowec If a mfund reduces principal. the reduction will be treated as a partisl prepayment without any ��,. . '�,,�. �,
<br /> t� prepayment charge uader the Note. �'' ` ". • °°
<br /> • 14.N�ot3ces.An�• notice to Bortower pmvided for in this Security Instrument shaU be given by delivering it or by mailing ,;,f�•` '�
<br /> it by first elass mail unless app{ieable law requires use��f another method. The notice shall be directed to the Property Acldress ;'ii:;���.�, .�
<br /> or any other address Borrower designates by notice to Lendtr. Any notice to L.ender shall be n•en b first class mait to -,.�`°-��•
<br /> b'� Y ,�:;��'.;-J �r.�.
<br /> I.ender's address stated hercin or any other address Lender designates by notice to Buttower. Any notice provideci for in this �"`"'�E' '
<br /> •..,<< -�.
<br /> " ' Security Instrument shail be deemed to have been given to Bonower or Lender u•hen given as provided in this paragraph. � .
<br /> �;l�.;,;' 15.Governing Law; SeverabiliLy. This Security Insttument shal l be governed by federat Inw and the law of the ;,;_, . .
<br /> .�, .
<br /> • ��;��� • jurisdiction in which the Propeny is locatecl.In the event that any provision or clause of this Security Instrument or the Note ?,•'.f J
<br /> �;�,,:;; rnnflicts with applicable law.sueh contlict shall not affe.�t other pmvision,of thiti Serurit�• Iastrument or the Note which can be `�,' -�
<br /> , given effect withou:cF�ca�nflicting prrnisic,n.To this end the provisions of thi�Security In.crument and the Nc�te are declared ;
<br /> to be sever�t�lc. , .
<br /> � Il(�.CDa���er s Q:�r}�+p.BurroWer shall be gi��en oae mnConneJ ropy of the Nute and of this Securit}•Instniment. ;,
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