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<br /> .�'�`� `` '�� �� meats raa no t er[ie required.ut the optton af Lende:.if mortgage i�asurance ouvzrage(in the amtumt sin�for the peria� - _-
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<br /> ,�:� .< : ,�, _'� tt�t i�ader tequlres)prQVidstl by an instarer approveA by Lender agaitt 62oomes availabie akd is abtain�.Borrq�ver s9a11 paY
<br /> �. � . .: �.• �� � `� che premiurnss requice�l to cnait�tafn mortp,�ge insu�nce,in effecx.or to provida a lo�s resenre,unti!the reqvi�e►�e�tt for mort�e W
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<br /> -Y-��":�� s:','.� insurancg ends in accardanoe with a�y�vritten a�teement between Horrower and Len@er or applirable taw. �
<br />:!;F, -:`�;r �': ,-:`� �u 9.Insp�tian.Lender or its ageat may make reasonuble entries ugon and inspections of the Property.I.eader s�alt give . —
<br /> • Y`•i Borrower nodce nt the eitrx of or priof�san insPection sge�ifying r�asonaBle cause for the insgectiaa�.�` _ —
<br />_ � . ' �` � . I0.Cond�niaaBaQ.The proceeds of azsy arvard or daiaa for damages.di�or con5equential. in conaection with any
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<br /> Q,� .r ..,'t,`�� ::� condemnatlon or ot�er taking of ai►y part of the F�operty.ar t'or conveyance in lieu uf condemnatiqn,t�re tte�eby essig�ed sa� -
<br /> — - :' � shali be p�id to txnder. ' �
<br /> . � In the event of a tota!ta`fang af the Pr+op$rty.the�mceeds shall be npplieQ to the sums secure�by this 3ecurity lastram�t,
<br /> � t � ' whether ar noI ther►dtte.with any exce�s paid to Borrower. In the event of a paraal taking of tlie Property en oituch the fair
<br />--s'.,.._`si:�,,`R_`.•. � � martcet vatue of the Property immediatety before�the taking is equal to or�eater tuan the amount af Ehe sums sec�cl hy this
<br />-s;�' . , • Seauity iastnuuent immediate[Y befoce the r�sing.�utes.s 8�rrower aad I.enaer otherw�se ag�in writing.the stuns secured by
<br />..�'.;' ` V .'` ,::` ` ihis SerusitY Insuument st�li 6e reduced�by the amnunt of the pmcceds mulriplied by the foltowing fractian: (a} the mfa!
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<br /> divided b (b?the fair market�alue of the Pro�oerty imffi,edisteIY
<br /> =_:r�f..r - �� amount Af the suins sec�ued immediately,l�fo:e the ta�ing. Y
<br />�'��-.:.��r�. -,��.�€,::,- ( before the Saking. Anyt balance sfial!be p,dd w Borrawer. Ia the event flf a partial tEking of the Property in at�ieh che fair,
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<br />- �_.�.: ;: marlcet value of the Propert�imm�diately �ote tha taking is less than tbe atnount af the sums sccured immedia�slY 6e:'ore ths�
<br /> :uR:- � - .,�- � taking,,uniess Horrovrer and l�znder othe��ee ia w7itiag or unless applicable taw otherwis�provid�,the pmc�eds shall
<br /> '�.��� .'�.��E"•�.. , � Ue app3ie8 to the sums secured by this Secruiry�meat v��ether or aot the sums are th-..ra dus. .
<br />'���':`"_-� � __:,_:.,. if the Property is abaadoneQ by Borrower.ur if,after notice iry Lender to Borrower that the condemnnr offers to ma�an
<br /> �:�;j f�,�,,��,;_��,.;';�� award or settte a claim�for damages.9naower fa�s to respand to Lender within 3Udays after the date tha ndtice i4�given, , .
<br /> � ` • Lender is 3nthori7ed to callect aad appfy the proceeds,az its opiion.either to restoration oz r�pair of the FcapexEy or to the sams ,
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<br /> =�;_.-,• _•-_:,- .: secared by this Se�uriry Inc�u��eat.whether or aot theri due. - .
<br /> �r-- , . Unless Lender and Bo�rer otherwise agree in writing. anY aFPlicadon of pwceeds to pri�cipaf shalt not�i�tend.mr
<br /> -� � postpone the due date of the moathly paymems referred w in paragraphs 1 and 2 or change the amouni of such paymen'•s• �
<br /> ~,��;7.Y,�' .. ,4 lY.Borro�er No!R��d;Forbearance By I.eader Not a Waivea'.Extension of tPrt time far payment or mod�cadon •
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<br /> _-"�•�_:._ of amor67adon of the sams sc-r�zed 6y this Security Instniment graated 6y Lender w aay suxessor in intcnest of�orrowes,§6all
<br /> ,'a'"": • . not aperate to release d�e li�L�y of the original8orrower or Borroarer's suooesso�in interest.i�nder shaU rs�fi.t�reqnired.to , .
<br /> . commence proceedings agai�st sny�uccessor in interest or refuse to extend time for payment or otherwiss mod=s'�c�ortiz.�tiar�
<br /> � � of the sums secured by.th:$Secusity Insnument by reason o€any demand made by the odginal Sorrower or Bosro�icer's ' ' .
<br /> ' f. ��;s,�,,.� � ' saccessors in imerest. Any�:�earance bY Lender in exercising airy right or remedy shall not be a waivet of ot preelu[te ttte ,
<br /> .f�, �:�• . , • . .
<br /> %•t;���; .��. . , es,r cise of any right or rer�ir�_
<br /> •.�l�%;'r:;;� ,`. 12. Suc.�ssors aad-"#.��gns Bound;Joiat and Several L{ability: Co�sl��•The wvenants aad a�ents of this
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<br /> �!�'�r� '�� : Security Instrument shall bind and benefit the saccessois and assigns of I.ender �i'�rrower, subje�ta��rovisio�s af
<br /> . ,�::G�;;,,.
<br /> - . :�: . . •:�t:,• paragraPh 1T. ��rawer's covenaats and�,;eements shall be joint and several. AIIy BOfiONEl WttO CO'SIb'O9 It►��Securit3+
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<br /> Instn�men4 but L��aot ex�cs:fe the Note:;�)is casi�ng this Secariry Instrument only to u��.;,�;e,graat and convey that
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<br /> • '�.;���.; _ Borrower's interest in the LAreFerey under the terms oi;��Secnrity Inswmen�(b)is not persoualIy obligated Ro pay the sums
<br /> � secured by this Security lnsr�u...�-,ent;and(c)agees that�der and any other Soaower may agree to extend.a�,�cAY.fori�eat or
<br /> , ' � ' , malce any accommodations with regard to the terms of this Securiry Instrument or the Note withont tita:�ormw c�sr'�consenY•• •
<br /> � 13.Loan Charges•if the toan secured by this�ecurity Iristn�t is subject to a Iaw which s:ts maxlmi�Toan charges.
<br />-- � and that luw is finally interpreted so that the interest or other loan c�arges collected or to be col�:wsd in co�an With tF�e
<br /> � ' � loan eaceed the permitted ti�its, then: (a)erry such loan charge shall be reduced by the amount ne.�:�y co t�'ruoe the ehatg+e� �
<br />— �- • to the permitted limit:s►nd (b)any sums already collected from Bomower which excceded pemiitt�:i��s ni�a 6e r�funded to
<br /> - �`'L�� ��=��•�� ��,� Bprrower. Lender may chaose to make this refund by redncing the prineipal owed under the?�cie or by �nS a d'uect
<br /> ' ��'"``� payment to Eer:�ower. If a refund redua� principal, the reduction wi11 be treated as a p��;:!i prepayment without anX
<br /> . ' .�i�V�';i
<br /> '� ' , � :{�x' prepayment c�e under the IVote. '�
<br /> � 14.Notices.Any notice to Barrower�ra�ided foz in this Securiry Instrument sha116e given 6y dettvering it or by mailir,g
<br />-:_;' � t�� • it by first class mail unless applicable law requires use o5 another method.The notice shall 6e directed to the Ptoperty Address
<br /> _ ., ot any other address Borcower designates by rtotice to Lender. Any notice to l.ender shall be given by first class mail to
<br /> ,L � . Lender's addresg stated herein or any ather address Lender designat�s by notice to Borrower.Any notice p:ovnied fur in this
<br />''�;,�� .-
<br />-� � •. � •� Securiry Inst�rent shall be deemed to have been�iven to Borrower or I.ender when given as provided in this paragraph. �.
<br /> .-� _�� " • 15.Governln� La�v; SeverAbflity. This Security Instnrment shall be govemed by.federal.law and the law 8€�e
<br />;;a ' ��_ jprisdicdon in which the Preperty is located. ln the event that any provision or eaause of this Security Itutrv�rent or the Note
<br /> +.:.; ''` . conflicts with applicable law,such wnflict shall nat affect other provlsions of this Security Instrument or�!rla�e whicA pn be
<br /> ' ��•�., •• , given effect without the confticting provisian.To this end the ptovisions of this Security Instrument and�e Note are dectazed
<br /> � to be severable. �
<br />_• ••� ' �. ' . lb.$orro�ver's Copy.Borrower shaU be given on�conformed capy of the Note and of this Se,cnriry[nstrument. .
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