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<br /> tr.ly`rt�rtt�:i��ay rio lo���cr izc ti'aloircd. et Citc�qiUin►uf 1.�iulcr, if iauu;s+;;c eu•.wautc eovcru;;c,�c.i 5„�; inuw�F ru�.i�tur ni,:tz::;icc.i
<br /> '- ==_° -'"-TM-� thae I..�:ndcr requires)provided by m�i�isarc�•nppf•ovcd by Leudcr ngaiic bccomcs nvc�ilable nnrl 4s cibtc�inc�. Tio��r,>wcr sliall pay
<br />,w,,,,��,���t;� tlic preroiumv requiPed to�nuintnin mart�agG lnsurancc in cffect,or ta E�rovi�ic n lass rc�cevc,until the rcqtdremcnt G�r mart�ago
<br /> —�-----� insumnce ends in uccordance with uny wriuen agrcemcnt betwcen L3arrawcs and I.ender or applicable taw.
<br /> - rK;��;�;;:,;,�,,,�,��� 9. Inspecllo��.l.cndcr or its n�cnt m�y mu!<c rcr�sannblc cnu•ics opn��and fnspcctions af thc Pr�perty. Lr.ndcr Sf11I) sIWC
<br /> � ----_- � flm•iuwer uutic�ut iiie tiuie u�'a•��iur[u nn in�pcciioi►speti+iyins reas•l��ub.a ui�+se fo�the iusyx;c.4iun.
<br /> 10. Condeme�niton. The proceeds of uny awnrd or claint far dantn�es, direct or consequentiul, in camiection with any
<br />--_ _ _— condemnation or other takins of any pnrt of the Propeaty, or for conveynnce in lieu of condemnation, nre hereby nssigned�r�d
<br /> shall be pa9d to I.ender.
<br /> ---—= In thc cvent of n eota!tuking af thc property,thc procecds shall be npplied to dic sums securr,c!by this 5ecurity Instrument,
<br /> __-- -�=-= whether or not thcn due, with nny cxccss paid to Horrower. In thc evcnt of n parti�l tnking of the Property in which the fair
<br /> ' - =— = roarket valuc of Qic Prapeity imuiuliAtcly befbre tl�e t�ilciug is cyuul w or greuter than the n,mount of thc sums secured by this
<br />_ �°-'_�'—°=_� Sccurity Instmment immediately bcfore the taking, unless Borrower and Lender otherwise agree in�vriting,the sums secured by
<br /> _ �;�,;;��� this Security f�nstrument shall be reduced by thc amount of the proceeds multiplled by the following fraction: (a) thc tutal
<br /> D;:�-��s�.ii�: umount of thc sums securcd immediatcly 6efore the taking, divided by (b)thc fair :nurket vAlue of Ihe Propcny immediutcly
<br /> �-�`�''�'"�"�'� t�efore the taking. Any balance shall bc paid to Iiorrower. In the cvent of a partial k�tki�g of thc Property in which the fair
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<br /> __--`___= market value of the Property imrnediately before the taking is less than the amount of'the swns secured immediately before the
<br /> _ ��.�' taking,unless Borrurver and Lendcr otherwise agrce in writing or unless applicable law otherwise provides, the procecds sh111
<br /> --�-;r:�l=K2 Q�;'" be applied to the sums secured by this 5ecurity Instrument whether or not the sums are then due.
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<br /> =�'`^�t���'���; If t4�e Pro rt is abandoned b Honower,or if,aft�r notice b I.ender to Hurrower thnt the wndemnar offers to make an
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<br /> _. • . � „, , award or settle n claim for dam�ges, Borrower fails to respand to L.ender within 3Q days :�fter the date the notice is given,
<br />__=�"�?•��c'��,�.,��� I.,end�r Is authoiized ro collect and npply the proceeds,ut its option,either to restomtion or repair of the.Propeny or ro the sums .
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<br /> `�•�'� '=��'7':� ' secured by this Security Instrument, whether or not then due. °
<br />�;�µi•%°i��i,�+,f,i?..; Unle,ss Lender and Barrower uthenvise agree in writing, any application af proceeds to principul shAll not extend ar
<br /> `t'�7:•�','-.: ���,,a postponc the due date af the monthly payments referrcd to in paragraphs 1 and 2 or change thc umounr of such payments.
<br /> - "'~�''`' � `"`�t�`''•'���'� ll. Barrower Not Reles�sed;Forbenrance Ay I.ender Not u�'Vaiver.Extension of the time far payment or modification
<br /> , . .
<br />-�.tit�: .=:-.�s.�:�-,; , of amortization of the sums secured by this Security instrument granted by Lenderto any successor in interest of Horrower shall
<br /> �':;;,>" •• nat operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> � ` �`•'' commence proceedings ugainst any successor in interest or refuse to extend time for payment or otherwise modify a�nortixation
<br /> �. �� ._
<br /> ; �'� • ` -.- of the sums secured by this Security Instrument by reason of any demand madc by the ongmal i3orrowcr or �torrowcr's
<br /> : , , successors in interest. Any forbearancc by Lendcr in exercising any right or remedy shall not be a wAiver of or preclude the
<br /> .; ' exercise of any right or rcmedy.
<br /> ° � 12. Successors und Assl�ns Bound; Jolnt und 3evcral I.iubility; Co•slgi�crci� 1'hc covemants and agrccments of this
<br /> t° " Sccu[ity Instrumcnt �hall binJ und 6cncfit thc succctison nnJ ussigns of l.cndcr und Borrower, subjcct to Ihc provisions of
<br /> , " paragraph 17. Aorrower's covenants anJ ,�greements shall be ,joint and sevcral. Any Borrower �vha co-signs this Securiry
<br /> .. . . _,. . ,� Instrument but docs not exccutc thc Notc: (u) is co-si�ning this Sccurity lnstrumcnt only to mortga�e, grant and convcy that
<br /> • . E3orrowcr'y intcrctit in thc Propcny under thc tcnns of this Sccurity Instrurncnr, (b) is not persunu�ly obligutecl to pay thc sums
<br /> • • •• �n :. • � sccurcd by� this Sccurity Instrumcnt; und(c)agrccs that I.cndcr and any othcr Borrowcr muy�igrcc to extcnd. modify,fnrbcar or
<br /> •� � � make uny nccommodations with regard to the ternn of this Security Instruntent or the NoU:without that Borcower's consent. -
<br /> . 1J. I.unn Chur�es. If the loan securecl by this Se�:urity Gistrument ic subjcct to a lu�v which sets m;iximum loan charges,
<br /> '' ` `"":" and thut !aw is finally interpreteci so that the interest or other loan charges collected or to be col�ected in connection with the
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<br /> . , � �•...,,r�,,.. loan exce�:d the permitted limits, then: (a)nny such loan charge shall be n:duced by thc amowit nccessary ta reducc the charge
<br /> . .�-.b:s.= to the permitled limit; and (b)any sums already collected from Borrower which exeecded permitted limits will be refunded to
<br /> • � • Borrower. Lender may choose to make this rcfund by rcducing thc principnl owed under the Notc or by making a direct
<br /> •��� payment to Borrower. If a rcfund reduces principal, the recluction will be tre:ited as a partial prepayment without any
<br /> ' prepayment charge under the Note.
<br /> � „ l4. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> -:� it by frst class mail«ntess applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> • ar any other address Borrower dcsignate�s by noticc to Lendcr. Any notice to Lender shall be given by first class mail to -
<br /> a Lender's address stated herein or any other address Lender designates by notice ro Borrower. Any notice provided for in this _.
<br /> � Securiry InstNment shull bc deemed to have been given to Borrower or Lcnder when given as provided in this paragruph.
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<br /> I5. GovcrnMg Law; Severnbility. This Security Instrument shall be governcd by fedcral law and thc law of thc
<br /> r ' jurisdiction in which the Property is located. In the cvent that any provision or clause of this Securiry Instrument or the Note
<br /> � , conflicts wedi applicablc law,such conflict shall not affcct othcr provisions of this Security Instrumcnt or th� Notc which cnn bc
<br /> i • given effect�vithout the conflicting provision. Tu this end the provisions��f this Ser•urity instrument and the Note are declared
<br /> to bc severable. _
<br /> � 16. Borrower's Copy. Borrower shall be given one conformrd copy of the Note and of this Security Instrument.
<br /> " Form 3028 91J0
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