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<br /> �:`�=s'. -�,: • 'PaYmenis mfiy no long�a be required,sst the aptiaa a�Leades.if mo ----
<br /> ._,.: .��:; rtg�e insvr.�ace cc�uernge tm the anmuat uad for the pr�$�d� .
<br />-=:`;;,=;.� �rx.� .� t�L�nder rovided g ' p y • --
<br /> - � �:=�;:�u .. zequires)P by an insurer approved by Leadu a a�n 6ecor�•avaiiable and is a5tain�d.�otcawer'sfiall a .
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<br /> -�-<.��; �,�: :,� � , the premiums,requirad to maintain mortgage insurance in tffect.or to provids a toss reserv,e.unti!the res�uiremcat foA�tart�aae ---
<br /> �=-;,,�_.;k�... : '-° insusance ends in axordance wit6 any wriiten agcee�nt between Bnrracver aad l:end�r or applicabie law. . ---
<br /> �'"'��I.L�t:.�fi Ya�•':'�'.'
<br />, .._,�-LM,;... .,::w:,... . 9.�uspet�on.Lender oi its agent may ma�Ce a�easonab2e eatries apon and insp�ciions of t�e Progerty.Letcder shal!give
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<br /> -'" ' . Barrower n�tice,ai t6e time of ar prior to aa iit�ecaion speafying xeasonabte cause for the ins�seaion. ; � � -
<br />-';r.'�'. `, � , lU. Condeffinaifoa.The praoeeds of any award or ciaim far daaiages.d'uert ar wnsequential,in canneaion witii any --_
<br /> =}£ , .�,�.� ;.��.�y` caridemnatian or other taiang of aay part of the Property:o�for wtiveyartce in lieu af ceondemnation,are hereby assi�ed and . —
<br /> _ • . shall ba paid to Lender. ' ; --_-
<br /> ' •- 4 .j-T .- In the eveQt of a total tatdng of the Property.the proreeds s3�aI1 be applied tQ the sums s�ured by this Security Ias�zime�t, ' -
<br /> .� .'. ` , , whether or not then dae,cvith any excess gaid to Borrower.In the eveai of a partia!tar�;o:the Progeaty in evhiah tke fair
<br />;�:. '_ : ..�k< < ., maricet vatne of We Pioperty immed;�ly 6efore the taldng is equat7n-or greafer ti�an t�e��t of the�srss secua�zd bp t�is
<br /> : 'f;;-.'� •,_::,c.�-;��. Security Iasuvment immediately before We taking.unt�s Borrower and Leader r��rise�,.,.��wtit�g.s��s.img secured b�_--
<br />:��`<� � .:•<'' .': this Securiry Instmment shaU be redacerl [ry ihe amonm of the proceeds cr-�'t��:e� 63:�a�Itv�ving �'r`a�� (2)the Wfal i_
<br />"�i_.�'��� ' ;-;�� amount uf t6e sums secvred immedi�tely 6efore We tatriag, divided by(b)th��air marke3�ra�?ae of the Pt�prity i��isteiy —
<br /> -_ "�� ;�`�t:`:�"��� 6efore the talaing.Any halance shall be paid to Borrower. in t�e event of a partial taking of the Pmgerty i�i arhich#tie fair
<br />�'"�`�` �' �� """'` market value of the Pro e �mmediatel before the tafdn is Iess than the amncmt of the s�s secured imme�atel 6sfare the
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<br /> - . .� �:��: � taking.unless Borrower and Lender otherwise agree in writing or tnilcss apgf'�le!aw oWerwise provides.tlie procr,eds sbaU .--
<br /> n,_+�. ', ' ''",�`� be applied to the sums secured by this Security Tnsuumeni whet6er or not th�s�s are theo dne. . � .
<br />:•�-'�i.� �` %'/ i:,�,. .. ' .
<br /> �� .:;.<.�. . ; :, If the P�vperty is a6andoned by Borrower.os�after notice by L,ender ta Boaower thai ihe coadeumor bffers to r�e aa
<br />:�'-;�.�:.,, .�.��', �s;�� award or settle a claim for damages. T�ee�ro�ver fails to msgond to I.�nder aitiun 30 days after the date the notice is'givea. ,
<br />::�;.;. ; :.,. _::.�� ..• Iender is z�rized to caUecx and apF.s c�e pmoceds,at its opaon,either ta�essoraus�n or repair of the Property dt to the sutas .
<br /> .�;� secure�by c�is Securit���t�strument,a�,y.i:er or r.�t ti�r�n dne. . , �
<br /> `= t7niess�t.etcder�r�L,�:arawar c��rwise i*�'writip lic��+•t.•of ceeds to sLall not eatend or
<br /> �f� r .: . a-rs:' . 8. anY aPP Pro li��q . .
<br /> ��f � ,j �}�, t •' ` postpoice c�wdue date o�'t�e�nr�-,J.w�;�e�ts ret�r:ad to in paragraphs 1 ard 2 cr change t�.:amount of suchpaymznLs. ' •
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<br />-- • -. ;.�•,(�.r/�,��•�t.� �• l�:�csrower Not ReleaseQ;�'ai,i�raace�y Lender lYoi a Waiv�.Exrznslaa ef tt�-j5"�e for payment oF modifcatiou
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<br /> �: :. . .`,��,.,��r,';#;, of amorti�arion of the sums sec�red��w.r�is Secnr?��uument granted by Len�zr ct��;�nai.,�r in intenst of Bomower shall
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<br /> ` '� �,-�5�, not operate to release the liability of the origina�Ih�rs�Wer�r Borrower's succra,3zs ia i:�+x,-:�:.3..ender�.ai)not be reqnired to„ _;�
<br /> �;.,�.,.,... ,,.�.: -
<br /> _ ��..-,- � commence prbcePdings�ainst any successor in i�s'.��t or refuse to extend t�`�r payme..�.��aRherw',se�dify amortizatlon
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<br /> � jf� }��I�,.. � of the soms seaued G_ ttais Security Insuument by reason of any de�,*x��3'e 1Sy ��¢��naJ Borrower or Borr��'�
<br /> "� ��''`f'��7 t"�rs":�' successa:s s�interat:A�y forbeaiaace by I.ender in exenisiag,�� c4;:��r�y sltaii�:be.a waiver af or prect��te 4
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<br /> ., .�,c,�t....,. eaercise of any right or c�:iedy. .
<br /> . 12. Su�nis a:�Wssi�as Bound;JoieII�Several Liabllity; C�tts• The covenanu aad agreemenis of�this
<br /> � �� �: � Security Inmument shall bind and benefit the successors and assigns of LenG_r and Borrower. subject to the provisians of
<br /> `� , paragraph 1'l. Borrower's covenants and agreements shall be joint and several. My Borrower who co-sigus this Security
<br /> - . _ . . � Instrument but does noi eaecute the Note: (a)is co-signin� this Security Instrument only to mortgage, gramt and camey that.
<br /> ' ` • Borrower's interest in the Praperty under the tercns of this Securicy Instruanent;(b)is not personally obligated to pay the sums
<br /> , . ' . • ' � secured by t6is Security Instrument;and(e)agees that Lendec and any ather Borrower may agee to eatend.madify.forbear or -
<br /> • � make any accommadations with regaed to the terms of this Security instrument or the Note without that Borrower's consent. --
<br /> • � � !3.Lann C6tuges.If thc toar secured by this Security instrument i5 subject to a law which sets maximum toan charges,
<br /> ` ' . ' and thai law is finally interpreted so that the interest or other loan charges collected a�to 6e collected in connection with t)te
<br /> ��. • • loan exceed the pecmitted limiu.then: (a)any such loan charge sha116e redaced by the amount neressary to reduce the eharge _
<br /> ; ..' ° . to the permitted limit:and(b)any sums atready collected from Botrower which exceeded permitted limits will be refundeQ to ---
<br /> = �•"-�� �' • Borrower. Lender may choose to make this refund by reducing the princiPxl owad under the Note or by making a direct .
<br />= � �`�� I���� payment to Borrower. If a refund reduces principal. the rcduction will be treated as a partial prepayment without any
<br /> -�7- --:-. .,._:�`,
<br /> � ' � prepayment chargo under the Note. -
<br /> r � . � � 14.Notices.Any notice to Borrower pravided for in this Security instrument shall be given by clelivering it or by mailing _"_.
<br /> �� � � : „ . it by first class mail unless applicabie taw requires use of arcother method. The notice shall be ditected to the Property Address �'_ __
<br /> �, ". or any other address Borrower designates by notice to Lender. Any notice to Lender shal! be given by first class mail to =
<br /> _� • . - _ Lender s address stated herein or any other address Lender designates by notice to Borrower. Any notice provideA for in this
<br /> c.�: , � Security Instrument shall be deemed ro have been given to Borrower or Lender when given as provided in this paragraph.
<br /> n#: � � � ' . 15.Goveming Law; Severa611ity. This Security insuument shall be govemed by federal law and the law of the �
<br />_",� �- jurisdiction in which the Property is located. in the event that any provision or clause of this Security Instrument or the Nox
<br /> _ . wnflicts with upplicable law.such conflict shall not affect other provisions of this Security Inswment or the Note which can be :
<br /> � � given effect without the conflicting provision.To this end the provisions of this Security I�crument and the Note are declared
<br /> � `�''� � � to be severable. �
<br />� �. � �.. •,�k'�Y��:;;• � 16.Bosro�ver's Co Borrower shall be ven one wnformed co of the Note and of[his 5ecuri lnstrument. ••
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