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<br /> , � t�e et the o 3ion af L�er:if taa e i�.�iu¢�ce cave�`r��tL°u�tini an�Fat�p�iob � , - -- -
<br /> F a 3 r c�e n t s e a a y r�b g e r r�t S u u�d. . P � ,
<br /> -_ ---� ' < tiiar d�nder rae�il��Dravid�d iay a�i�svsr,�ugprov�by L�er�ia becom�s avail�b!e c�ad is a��ine�.�nrm�ier�s i t gay�
<br />_—_—_�� t�e pres�ni�as rrqv�Irecl•t�cs�aintuiti martg,a�e�in eff�t,or to provide a toss raserve.aubil td�e requIremcn4�fo=�ortga8e -
<br /> -_ - - - in.�an�e en�s in ascordnc:c��vi�atry writteu�t bats.v��aimwer za�Leuaer dr applirat�le taw. , :
<br /> _�. . 4.Lw�ec�forr.L�nder ar its ag�t mr,y n�ke rtasonable entrirs upon ar,d in..apectians of tt:e Property.Le�ex�shall$ive :
<br /> __---_ _ Borrawer r�otiioe at the tim�of or prFor w au inspectian sye�if�ring�asonabte c�ase for ehe inspectioa
<br /> _-_-- — . 1t?.�'oa��aiFa�. Tbe pmceeds of any acvard or'claim for dam�ges.dir�c�or cun�l. in,oonnec8on with aay --
<br /> -==—=--= condemnatian az oth�r talting af any part of the Propertys a�for conveyaace in lie�a of ooai3emaatioa.aat hr,reby assigaed and —_------
<br /> �+�3��s�9I sball be paid to[.�der. ' . .
<br /> ,,•�.-� ti�e� Fos�s�s slzall be appli�ta the sums securQd bY tbis Secusity Iastrument, -
<br /> -_ ��� €a thL�eat af a tat�!t�3ng of th,°Progersy, F = ---
<br /> ��_�� aheth�r or aai then due: cvith aay exc�s paid to Borrosver.In the event of a partial taking oF the Fro�aty in whic�the fa'u - -
<br />- - '1�'��; mart�t vatae of the Pcoperty;,nn, ;arety 6efore tL�taking is equal ta or gicater tban the a�a�nt of the swns sec�ued 6y thIs. .
<br /> ==-�,.�,�
<br /> —=-�=� Security instro��"imm�iately before the taYing,un2ess 8orrowet and Lr�der ofltettivis$agree�ia wtitiag.dte s�s sacamd by ---
<br /> - --- --= this S�uiry Instnament shall be redna:d by the amount of the praceeds m�fitiplied by th.e faltow'iag ftactlon: (a)tht wtat —
<br />-�'�°�.�� ampua3 of the sums sewted immellFa�y 6efare the tsking,divided bY(6)the fair market va[ue of the Pmgerty im�iatelY -.�__ --
<br /> �=e;:�R��=� __---
<br /> ---= --_= before th�tatcing.Any 6atance shal!toe paid to BormwM. In the event of a partial tat�n�of the Pragerty in svhich tiie fair
<br /> _--_.�:�_ market vaiue of the Pmperty immediately 6�fore the[atdng is tcss d�an tbe amount of the sams secured�n,•,,�;arPty befare tve
<br /> --°`�-:`-�`��� taking, unle�s Borrower and Lender ot�erwise agree in writiag or wa!e�s applicable law otheraise pnavides.the prvoeeds s�all • �___�
<br /> -��� _ _
<br /> 'be appl�td to the sums secured by this Security Instiument wheiher or not We s�s are then dne.
<br /> -"'��`i`� . If the Progerty is abaadoned 6y Sorrawer.or if,aRer notice by Lr:nder w Borrower that the cagdemnnr.offets to maire aa `___
<br /> =''��'�__-'�'__ award or seule a claim for damages. Borrower faiLs to resporul to Lender within 30 days after the date the notice is given, -
<br /> -~��'�``�'-�"`� Le,uder is authmized ta oollect and appiy the proceeds.at its opr�on.either to cestoratioa or repair of tt}e Propertyi or w the su�iis -=---
<br /> ��'� �
<br />�, -- '4 secured by this Security Iostrnment�wheiher or aot thea due.
<br />="�i��'=`�'�;� Uniess I.ender and Borrawer othe�rise ag�e in writing, anY aPPUration of,proceeds to principal shall not extead or G�:;==._.r.
<br />_��-.�.._,�_:. =. _
<br />_-_ -,:�:v� ,�. .pustpune the due date of tiig montLlY PaYmeats iefemd to in paragraphs�and 2 or c6ange the anr�vnt of sach paymeats.. . i _
<br /> ,.�-�.;:, ; •11.Borrow�Not Released;Por6eassuce�y I.euder Nai a Wu�ver.�tension of the time for paymeat or modifirdtion � __
<br /> of amorti7arion of the sunas secured by ti�ts Sewrity Instniment granted by l.�ader to any suocessor in interest of Borrower shall �--._�--
<br /> ,_� � ._
<br /> �,�.�f�'�. not opereL�w retease tfie liability of the original Borrower or�acrower's�sors in interest.I.ender sba1I not be re��W �' -
<br /> - :.ti .;: commearn pinoee�inp,s aoainct anY saccessor in intet+est or�cv extend time far payment or otherarise modify aatactfration Y, � F
<br />- �=,.i��..� . . .
<br /> �:. *�.,; of thc sums secaued by this S'ecurity Instrument by reason o�any demand made by the original Borrower or Borrower's �;� .�"�°�-_:`
<br /> " ' succ�'sots in intet�st. Any forbeatance by l.ender in exencisinb aay right or remedy shall not 6e a waiver of or preclude the ;��:;. .�;,
<br /> .�,�.;�.;�:�'.•, euenciseof any right or cemedy. �.;t; -=
<br />;�';'y`�ff� . _ . �� ,�-
<br /> ;.�.;h� �:'�.: !Z. Saoccssois und As�stgns �a�d:doint aad Se�+esal Idabil�ty: Co-s3gaers. The oovenants�ad agreea�eat�c�f this ,� _
<br /> ;�;��.r�t, . . , .
<br /> .���.��,���. Security{Insh�ment shall bind and�.aefit the sacxessors and assigas of I,ender and �orrower, subyecc ro che psavr�c�s of �'; ,
<br /> v��'�� '� paragr�ph 1�. Borrower's covenants and agrees.�nts shall be joint and seueral. Any Boaower wfto a:-signs this s�aulry �• ?'�
<br /> ��Y�t.��: -
<br /> .�,i•.�. Insttument bnt does ant eaecute the Note: (a) is crs-signiug this Sepuity I��-_ment only to mortgage.�nt and con�ey that _ _
<br /> ''a-•,;, • -. _
<br /> yl,;f•�;� � Borrower's iatesest in the Property under the teres of this Securiry Instrume^�t;(b)is not pecsonally obligafed to pay�e snms
<br /> ' ,.,,, '-�;
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<br /> ��r��,� seaued by this gecuriry Iosttument:and(e)agrees that Lender a�rf any other Borrower may agree to extend,modify,Ecctxar or , ,� _-
<br /> ��{�a.���;,... : .
<br /> _,�,�f�,.�,,�,_; a�ake any axommodations a►ith regard to the terms of this Secu�Insdvment or the l�iote without that Borrower's oon�t. • :� c � -
<br />-- 13.Laan Ctt�r�es.If the loan secured Iry this Sewrity Ins�vment is subjece to a Iaw whicb sets maximum loan charges, ;�.T�:, �
<br />_����;�.' , - � and that law is finalfiy interpreted so that the interest or other loan charges collected or to be collected in connection with the ,r�,
<br /> � r�A,Ay loan exceed the permitted limiu,then: (a)atry such loan charge sha11 be redaced by the amount necessary to reduce the charge �� ' :.�. _
<br /> ;,��; '' •
<br /> a;,;,���:,_ � to the permitted limit;and(b)any sums already coltected fmm Borrower which exreeded pemntted limits will 6e refunded to � 'c��:=::,�
<br />�-?t�.=a' Borrower. Leader may choose ta iaake tlus refund by reducing the principal owed unQ2r the Note or by making a direct ��' �.i -��
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<br /> ----�`��'_.: payment to Borrower. If a refir� reduces principal. the reduction will be veated as a partial Prepayrttent without any � ;?"�+s�'�
<br /> �:`~�'���,. charge a�er the Note. � j� r��t -- — ..
<br /> --�-��=r;;�, Pre'PaY� -.—
<br />' '' , 14.Nodcxw.AIIy Ratice to Borrower provided for in this Security in:�t shaU be given by delivering it or by mailing ��,�^` :c;�t;a
<br /> • ' it by fi..�sF class m�l unless applieable taw requires use of anoiher met5nd.Tite notice shail be directed to the Ptapercy 1�.dSireas � �x��=-_-.._
<br /> ` � or an= vt��er addtess Borrower desi tes b norice to Lendr,-r_ notice to i.end�r shall 6e en first ct�s� �-�:1 W ��=�!'����'��'r��•'°
<br /> f P� Y �Y �' �Y � ,,��,e�:� ;+�,,.�•
<br /> • ' � Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided Cnr i�this �,+'��:' ,,,
<br /> � Secarity insUvment shall be deemed to bave 6een given to Borrower or Lender when given as provided in this paragraph. ��` � �-�%Z=
<br /> . ...--
<br /> . . �. .s�_=--
<br /> �- ..-� 1$.Governing Law; Severa6ility. 'I7�is Security Instrument shall be govemed by federal !aw and the law ofthe ' . ,��m:�•- __
<br /> . ,.. c, . . --
<br /> i;.,� jurisdiction in which the Property is lorated. In the event that atry provision or clause of tliis Security Iasunment or the Note ' `.�5;,�,, : , �
<br />_'.�r•:�:��1� :•�, �f{�.�� �
<br /> , oonflicts with a lica6te law,sucb canflitt shall not affect other pmvisions of this Serurity liz�tsument or the Nate whic�i can be � ,'r,';;;,�,. �°
<br />.= ,-::��'� "` � � '��'�hF",'-
<br /> :. ;;n F�"� given effect without the oonflictiny pmvision.To this end the provisians of this Secority Instr�rtient and thc Note are declazed �*.. �i„==
<br /> '�,�.:'�: �'_: _
<br />_;=ti��?.::;;�,k:,.�} to 6e severable. .."�.'3
<br /> °�,������-'�� '�•.• 16.Borrower's Copy.Bormwer shaU be given one conformed copy of the Note and of this Security Lutrument.
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