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<br /> paymcnts may no longcr bc requirr,d,at th�optlon of I.cndcr,if mangugc insurcu�cc covcr�e(in �hc nmount and for thc perlad ____
<br /> � that[�endcr requires)providcd by en insurcr approved by Lcndcr again�ocomcs avallaSlo end is obtainrxl.a�ruwer shall p�y thc .. „ :
<br /> „ -� ° premiitms m�uired ta rnai*�Un mort?age insuroncc in efCoct,or tn provido a loss reseave, untll the requuement for nta�r�age �� °=
<br /> ., insurancc cnd9 in sccordance with any writta�sigc�ocmet►t between IIortnwu a�d Lcnder or e�pUcublo law. i. __
<br /> , 9.Ins�pectbn. Lender or i�s agcnt may maice ceusanabia uuries upan end inspocdon� of iha Propcny.Lcndcr shall glvc � , �
<br /> � Borrower notica ut the dme of or prier to an inspecdon s{x�;ifying rcasonabla cause:for thc iospecdon. �
<br /> " � 10.Condtmnatlon. 'if�e proca�s of tu►y award or claim foz damages,direct ar consdquentiaf,in amnacdan with ony • •� .�
<br /> i cc�ndemnation ar other taking of nny paet of the PropeRy,or for conveyanee in l'acu af condemnndon,nm hsrcUy�nssigned And � _��.
<br /> I shap be paid to Lcndcr. I �,
<br /> In the event of a total taking o€the Property.�he proceeds shap be applied to the sums accurad by this Socuriry Insuument, t-'
<br /> whether or not lhen due,with any excess paid to Borrowcr.In thc evcnt of a partial talcing of Iho Froperty in which thc fstir maricet . ,,:�,,,'�`
<br /> , value of Iho Property immc�dlately bofore the tnlcing�is equal co or gr�ater tha.n the amount af the sums socured by tltiis Security �:
<br />. fusuument immedisuly beS�re �he talcing,unless Borrower snd L�der otherwisa agra:in wrEting. the sums sacural by diis •
<br /> � Sec�uity Instrument shall tx;reduced by ttw amount of tho prnceods multiglied by the following fPaction:(a)the tntal�monnt of .�.:""'"`u'---
<br /> _ the sums se�uccd immediauty bcforc thc taking, Aividcd by(b)the fair ma�ei �alue of the P,roperty Lnmodiately beforc Ihe �•�-�'��"""`�---
<br /> ;.,� . t�i,�g.My bala,-�ce shnU t�pr�d u�Carrov;�.In the event of a^ � ta�ing af tke PrQ sry en�hich ths felr m.,i+�et aal��ef thc � ��`�"`y'"-�:'.._
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<br /> '�� ° Prop�xty immediately bcforc thc tairing is less than thc amount of the sums sec�ed immediately before the taking, unk,ss ' - �
<br /> -� Borrowrr and Lendu otheswise agree in wdting or unlcss applicabk law atherwise pmvides.tiw pma�ds shall be apEtliod u►the '' "�'�,•�--;�L
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<br />°�._ .:. __ sums socur�d by this Security Insuument�heiher or rrat the sums are then due. �:��=::,._
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<br />-_ ' lf the Propeny is abandoned by Homnwer.or if. after nodce by i.ender[o h�rrower u�ai tiie can�nrxu ofirrs to�ca an 'Y-Y;,r, �A��W
<br />: awatd or scttle a claim for dcmages,Boerower fails to respond to Lender within 3Q days aftea ttra dute the notice is given,Le,nda � .F:�•'�=_-
<br />� ,. is authoriz$d to colloct and apply the proceed9,at its option,either to reswradon or rcpair of tfi��roperty or ta the sums secural � `•'-�-�'�r„=-
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<br /> by lhis Security Instrument,wiiether or noi then due. ;a;:'�Ga`_�::
<br /> . Unkss Lender�nd Borrower otherwise�groe in wripn ,any application of rcyceeds to rinci 1 shatl not extend or � �'� —
<br /> 8 P P Pa Pos� :;,S�r��=..,..�
<br /> the dwe date af the r�xnhly payments refe.�rcd lo in paragrr�hs 1 and 2 cr change tha amount of s�ch payrt�cnts. ,':;;�� T r
<br /> 11.Borrowrr Not Rek�sed;ForbexrAna By Lender Not r+�i►niver. &aunsion of t1w dme for payment or mali9icetion '"`
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<br /> , f 8t��''..i7:�f L's:,outi:s a,.,ut�b• tS:'L°c..ECl83.^'ISLi*!!i�"-"•[ t��i T�nrirr tn anv 5i�r�rccnr in intr�_r.n nf Anrma+r.r chall ° ``£'•'-��°�'"
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<br /> not operete w rekasa the liability of the ori�inal Bonrower or Sorn�wcr's sucxessors in interesG Lcndcr shaU not be required to `� ' "`�
<br /> , . oommence proceedi�ngs slgainst any s�cceswr in intenest or refuse W cxtcnd tima tarr payment or�lherwisc malify oawrtizAtlon of �
<br /> • the sums socwrw by th9s Socurity Instrument by ceasc,n of any dc:mand made by Ak�e odginul B�rrower or Bomower's suceGS.wrs � �
<br /> ,.,r in intcnes4 Any forbcarance by Lender in exercising any right or remedy shall no�t�e a waiver of or precWde the cxercise of any ,•*,��
<br /> 'a.•;'�`�:: rightor remedy. t.
<br /> 12.Suoc�sors�ad Assigos Boand;Joint and Several Liabillt,�; Co-signers. 'Ylie cavanunts and egreements of tttis ', .
<br /> '' Security Insmimena shal! bind end benefit the successors su►d assigns of l.ender end Borrower.subjoct w the provisions of " ` .
<br /> ,: . paragraph 17. Bonuwer's covenants and�rcements shall be joint end several. Any Barrower who co-signs this Securiry '� *�
<br /> " Instn►muit but dacs not caecute tt� Note: (a) is ca-signing this Sa:urity Insuun�cnt only m moxtgage,gzant and convey that l '
<br /> Borrowcr's interest in It►e Property und�the ter�ns of�his Soc�uit�j Instrwnent;(b) is not personally obligutal w pay the sums
<br /> secured by �his Secudiy Instinmcnr and(c)agi�ees that Lcz►der and any Atfi�r Borrower may�ree to catend,modify.forix�r or �• ..�
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<br /> ,- maka any accommodadons with regord to t�e te�ms of this Security Instxument or the Note without that Bo�rower's consent ���:���r
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<br /> _ ' 13.I.oau Charg�. If thc loan sccaircd by this Security Insuumcnt is sub;jcct to a law whtch scts ma�cimum in;,n chargcs, ''�"�.,n_
<br /> � ond that law is Cu�ally interprete�so d�at the interest or other loan charges collected er to be collectal in connection with the loan i: ' ���'�����''�
<br /> cacccd tha ilied limits,then:(a)any such loan charge shall be m,�iucod b th�amount n:,� to reduce the c ` • `' ° '••"r
<br /> � :t',,; � Y zssac�' har8c w the c . �'',n'�:�::.. r. ..�:,
<br />' :� pertnitted limit;�nd(b)any sums aU��dy coltect�d from Borrowcr which eaceeded perrniucd limits will be rcfanded to Sorrower. I . . ';.'�i�:;;�,��, . ,.• •�
<br /> " �� Le.rtder ma y choase to mnlce this refund by ceducing the principal owed undtr the Note or by rnaking n direct payment to � ,� �
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<br />'� :� Borrowef. If a refund roduces principal, the reducdon will be treuted as a pn7aial prepayment without any prepayment charge ! -�'��t
<br /> under thc Notc. i `�• �;°��.
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<br /> ... 14.H�tias. My notice to Borrower pn�vided for in this Security Instrument shall be givcn by dclivering it or by mailing it I " ` -
<br />_ , . by fust class mail unless applicablr,law requires use of another method.'Ihe nodce shall be directed W the Property Address or
<br />_- , any other address Ban�sver designatcs by nodcc to LcndFr. My nodce to Lendrr shall bc givcn by fust class mail to L.cndcr's • •
<br /> • address s�heacin mr any other oddress L.ertder designates by nolice to Bonower. Any nodce provided tor in this Securiry i ,
<br /> � � „ Insuument shnll be deented w havc bf�n giv�n to Borrowcr or Lender when given as providcti in this par�gtaph.
<br /> �. ;. , 15.Governin�Lawi Severabflity. 'I7�is Security Instrument shall bc govcrncd by fedcral law and thc law af the .
<br /> `a ����:� J juriscliicuon in which the Pmperty is located.In the event tlwt any pmvision or clause of this Security Insuument or the Note �
<br /> '' 1 oontlicts with ap�licable Irxw,such c�nflict shall not affect other provisions of this Security Inswment or the Note which can Ue �
<br /> � � given eff,xt without the cr�nflicGng pmvision.To this cnd the pmvisions of this Security Insuument and the Nota are doclamd so
<br /> -�' . bc scvcrable.
<br /> — . . Form 502� 9�00
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