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<br />° ••-•- •� R3ym�nt9 m!�y nn longcr ba neqnireA,at the o�don of Lendet,If mortgag�insatence covcmBc in tho tunount and for tha pedod , � �;:"° _
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<br /> � .j� {Y. . dut Leader roquires)pmviclod by an insurer appmved by Lcnder agaln bocomr,s availablo and is obtaincd.Borr�wcr shalt pay�he . .
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<br />;,-;:A1 ,•.,,;;, , pnmluma reqoi�d to maintaim m�rtg�go insuranca tn cffect, or to providc a loss reservo, until tho roguiremeni for mortgaga . .._ ��,�,,
<br /> ;=.��`b�►�.=° ' in�urance ends in ncccxdanco wi�h any writte.�agnxmGnt betwecn Borrowcr and Lcndcr or applicablo law. ..
<br />-_��� 9.Inspectbn. l,cndu or its axent may make roasonabb entries upcm and in�pocdons of tha Pmperty. Lcndcr ahali giva �� `�
<br /> """��'�'�• Hixrbwer notico ut tho dma af ar pdor to en inspocdon�cpocifytng rcasort�ble cau�o iar tho inRpecdon. . � --
<br />.:�``� � ' 10.CA��u►tbn, Tho pcoccr.de of eny awud or claim fer efamagca,d3rect or consoqucntlal,ln camxtiun with any � . . , -
<br />-�'•,,:. rl�,•:`:_• } condetnn�tlon or other u�cing of any pert of tho Propcny.or f�r convoyenco in IIcL of condemnation,uo hercby usslgned and � . _,
<br /> _ . � � . �. �fu�ll ba p�id to I.et►der. � • �r::';•��, ,
<br /> - . .. .. : In thc cvcnt of a total taking�f�hol�roperty,tho procccds ahall bc a�plicd to U�c sums secured by this Socurlty Iagtrumcnt, ,:'•:,�'''•.�:.^ti�'•'
<br /> 'Y �' '#'�`� whcUxr or not thcn duo,with any cxc,ass pafd W Bamwu.In tho cvent of a puniel taking of thc Pc in which Uic falr market �'�'�"''�'' �
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<br /> { ;,,�k� v�luo of the Property immediately beforo Iho tslclnq lg equal to or grcatcr thun the amount of the sums securod by this 5ecurity -_ �*�,b,
<br /> ""' ""`` •''°'� insuumem immcdietely bciore Ihc teking, unleas Borrawu�nd Lsndcr othc�rwisc agroo in wdting, the sums sxuccxl by this . � -
<br /> ;� Socurity Insiruri�ent�i�all be r.�ducrd Cy tha sunaunt of thc pnscads muZtiglles!by thc fallowing ftt!c�on:(a)thc totel aunount of ':F,��� -=�_
<br /> -- .`• � tho sums secund immodiatcly befoea the taking, dlvidcd by (b)tha fair markct velue of the Pro�xrty imm e d i ate ly b c fore thc �'�°'�� -�____ ___
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<br /> ��^�'`` • talcing,Any balance shall bo paid to Bo,�rower.In the event of a�a�tial taking of the PropGrty in whIch the falr markGt valua of the =-------
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<br /> proputy immcdiatcly befom the taktag is lcss than the amount of the sums secured immediately beforc thc taking, unlesy �����,
<br /> � Horcowu and Lcnder oittenvisc agree in writing or unless applicable law othemise provid�,s,thc procecds shall bc appiicd w�hc ;,'r',;:,..---._--W.W
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<br /> , ., sums securcd by thls Security insuument whether or not thc sums nrc then due. '. �`���..�
<br /> • ���`°c If the Property is abandoned by Bomnwer,or if,aft,er notice by L.endu.to Borrower that the condemnor offus to makc an _�-
<br /> � '!�� award or settlo a cltum for damages,Horrower fails to respond to L.endcr within 30 daya efter the date the nodce is given,L.ender '��"l'�''_ _ - .
<br /> • . � is authori�ed w collect end apply thc procecds,at its opdon,cither w restoradan or repair of thc Properry ar to the sums secured �. ,�
<br /> � ? by this Security Inswr.�ent,whether or not�}sen dae. `r
<br /> � '''� Unic.ss L.ender and Borrower olherwise agrce in wridng,nny applicadon of praceeds w principal shall nat extend or posqwne - :";•'
<br /> -r . .n '':,y�; i 'u`w ua�tisio af i;t�stscssilti3�Ytrscsst:Tsfetr�!So in gars.�h�1 an�!2�r rhang�the amrnmt of such oayments. _, :^•, :
<br /> � . 11.Borrowe�Not Rekased;Forbearsu�ce By Lender Not a Waiver. Extension of the ame for payment or modificadon �''•''``'`'
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<br /> �.,� of amortizndon of the sums se¢nred by this Socurity Instnunent�anted by Lender to�u►y successor in interast of Horr�wer shall :��`..:.
<br /> >, not aperatc W reieasc the liabillty of the originat Borrowc�or Bor.rower's successors i�n intemst Lendcr shall not be required to � :�
<br /> wmmcnce ptaceatings against eny succcss�nr in interest or refuse to extend timc for paymcnt or oil�crwisc modify aanvrsizati�on of ,.;�;t�'; �
<br /> tha sums sa:ured by this Scsurit�Instrument by reason of any demand made by the original Boaawer or Bomnwer's successors • ;�t�s}��
<br />_;��,a:.i�..�:,• :. in interr.s�Any forbearence by Leader in exercieing any rlght or remedy shall nQt be n waiver of or preclude the exercise of eny .� !.� ,,
<br /> ,,..,�..'... . right or remcdy. �,, . .'S
<br />, ,� :,�::,,. 12.SIICOlSSOi'9 A�IJ A53igA9 BOUII(I�Jolnt and Several Lisb�it'; Co�signere. The covcnsmts and a�eemcnts of U�is ,,, �• ,;,
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<br />�•;�:��•�'�"" Socu��iy Instmment shall bind and benefit the successors und assigns of Lender and Bonower, subject to the pr�visIons of
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<br /> ;� .�•�,,;:�;- pa�agroph 17. Borrower's covenants and agreements sha]1 b�:joint and several. My Bonowa who co-signs this Sec;urity ',��� ' . �a A
<br /> - •� Instrument but does not execute the Note: (a)is co•signing this Sccurity Insinuncnt only W rnortgage, grant and convey that � �i''4• `.*R�
<br /> �.�,•,:,•; . . _, Borrower's i��tcrest in the Properry undcr the terrns of this Sccurity Instxumen�(b) is nat personully obligated w pay the sums . ���•�:."'-.
<br /> , `,:,;„� ., securccl by this S�curity Instrument;and(c)agees thad L,cndcr and any other B�aower may agree to extend,modify,fort►car or `'�!��+t�'r
<br /> . •'• make any accommodadons with regerd to the terms of this Security Insuument or the Note without thnt�orrower's consenG '""""�
<br /> � `i�� 13.Loan C6arges, If the loan seciued by this Secui3ry Instrument is subjoct to a law which seta mnximum loan charges, i � , -
<br /> and thnt law is finally ineerprsted so that the interest or other loan charges collected or to be collecteti i�connecdon with the loan � ; �
<br /> : � ;�. exceed tho permittcd limits,then:(o)uny such!oan charge shall ba reduced by tho amount necessary to reduce the charge to the ._
<br />_ pc�mitted limit;and(b)any sums nlready colltxtcd from Borrower wh:ch exceeded permiued limits will bc refunded to Bomower. . '�:��
<br /> � .°;"� Lcndcr may choose to makc this refund by rcducing the principal owed under the Not�: or by maf�ing a direct payment to I
<br /> . _ . '� Borrower. If a rcfund reduces pdncipal,the reducdon will be treatcd as a partial prepaymcnt without any prepaymcnt charge f
<br /> �" � . �. under thc Nate. � ,
<br /> �-'""''� : 14.Notkes. Any notl.e to Bortowcr provided for in this 5ecurity Instrument shsill be given by delivering it or by msuling it � ,
<br /> •» � by fust class mail unlcss npplicable law requires usa of another method.T1�c notice shall be dircxtcd to thc Property Address or `
<br />" � ' any other tuldress aorrovJa designates by notice to Lender.Any nodce to Lcnder shull be given by first class mail ta Lender's I
<br /> � � „ :r�• address sutted herein or eny other address Lender designates Uy norice to Borrower. Any notice provided for in this Security � .
<br /> . •� Inam�mcnt sliall be dcerc�ed to 6avc becn givc;n w�orrower or Lcnder whcn given as provided in this paragaph. .
<br /> ' 15.Govera3ng Law;Severability. This Secudty Instr�ment shull be govemed by federal law and thc law of thc ;
<br /> "�•;:�:.�. • jueis�ic6nn in wl�fch the Property is locnted. In tha event that nny pmvision or clause of tl�is Security Insm�ment or the Notc ;
<br /> � . •� COflElltit8 W�tll 3j)p11CIIb14 IllW.such canfli�t shnil not affect other provisions of ihis Security Instrument or die Note�vl�ich can be '
<br /> - .. , ; .:', ,j: given ef'foct without tho ccmflicting provision.To this end the provisions of this Securiry Inatrw►ient and the Note ar+a declaned to
<br /> � :;� Ue sovuable. .
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