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<br /> � ; pay;,jEais nu.y�to l�:�ig:z 1�;,tzquire3.su thc aption of Lende_s,iF mor�;e�e insurance cnverage(in tha amount ut►d for the pesiod
<br /> �'',� ;•. ''' that I.encler requlrw)Pmvided by+en insurer ep{�roved b�Lendu again becomcs availnbla end is obtained.,8omower shall pay the f , .,`,� Y
<br /> ' r premiums requlred tm malntaln mortgaga insurance in effect, or to provide a loss resuve, unW the requlce�nent for mortgage � ��"'..`� _ _
<br /> �� • . .•" ,� lnsu[anca tnd�in aecordune�with any wtitten e�oemea�t between Aorrowet and Lender or applicable law. Lender shall give , . �•-
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<br /> .. ,,r..,;;;�:�:-. 9.InapectbA, Lendcr or its agent may meko reasonable enMes upon and inspocdons of the Property.
<br /> . ':;� .-�t."" Boaowu nodce at tho dme of or prlor to on inspo�dan specifyin8 ret�sonable cause for the insp�caon.
<br /> . " 10.Caademnadoa. 'It�e proceeds of any award or claim for damages, direct or conse�uzntial,in conneci�tr� wi'?e sinF � -_
<br /> condemnatk�n or otha taking of any part of the Property.or for conveyana in tieu of condemnatiQa,are h�reby�ssigbaa�sm� -
<br /> . shail be patd co Lenda. , -
<br /> �� la the event of a wUad taking of tho Property�thcs proceeds shnll be upplied to the siuns sccured by this Sacurety Instrument, , .. . "i
<br /> whr,ther or not then duo.with any cxcess paid to Bo�+ower.In tha event of a partial taldng af the Propeity in which the fair markot :
<br /> ' � value of tha Proputy immediatefy before the taking is equal to or greater than the amount of tha sum9 securod by thls Securlty ,;'.;�?�,;.t�,"
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<br />;`�. Instrurnu�t immedlately befae the taking. unless Barower and Lendu otherwisc agree in wr+dng,the sums socured by this `'«�+��:��.��..-:�._.
<br /> � Securtty Insttument shall de reduced by the amount af tho praceeds�itiuitiplted by tha followi7g fr�ciion: (e?the total emount of � •:�t:!'�"�'3�
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<br /> � :he sums securcd immediatcly beforc the taking, divided by (b) tho.fair market v�fua of the Property immed3atciy befbre the °� �:�-:r:._
<br /> ' tafdisg.My balance shall bc paid to Borrower.In the everit of a partial taking of die 1'.ro�esty in which ihe fair ma�lcet value of t!� ; �'�s�^°_=-
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<br /> .: �,,,,;� p�opaty iauned3ately before the taidn� is less than the amouna of the sums secured immerliately before tho taking. uuless _;��,�,
<br /> • :''i:�;•� � H9rrower r�3?snder oth�twise naree im�vrising or unless epplicab�r���a otherwisa provides,t�e procceds shall be applic�to��e . .-�,�;.ry.,:
<br /> � , -. ' :,,,' s�rns�secun:rl by this Se�us3ty Insuument waether or not Ihe sums ur�e�hen due. '��`�'-===
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<br /> _•..� IF t�o Property is abara�luned by Borrower.or i£,afftea notice by L.ender to Bomower that the conde�r.a�r�ffus to make an °�;�.:.--
<br /> , _�, aqvard or seule a c]aim f�r clnmage.�.Bonower fails to respond to Lender wiUiin 30 days after the dame ihe uori�:.is�Iven,f..endu :,,�������.
<br /> . is autiwrizal Uo cauect and apply tha pm�ec+ds.at its oprion,elther no restoration or repair of the Prope�ty c�2s�4hz sums sccumd � ., �,.�}�,
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<br /> Sece�ai Instrument,wh�ther or nat then due. , . .iKr;;,,�; s.,,�
<br /> . „ Unless Y.ender and�anraower othe�rar'is;.agroe in writin8��Y BPPUcaHon of proceeds to�in�ipnIl sha73 rot¢.�'t:nd or postpone � r.s�.�
<br /> �� ��1. �_ � ,a n �6.o y+.na.nt a�f o�r navmaM�] fi:
<br /> � ,�y�: tho due c1�te of the montn�v PaYmcnts ieicmxi iv in�ua�nN�,� .�+R.�:.r:.l�t:g�.,�..^...............s...�,,..,---�• .
<br /> �''�'' ' '''�` 11.Bor�r►wer�Iot R�k�sed;Forbearance By Lcnder Not o W�aiver. Excen�imn of the eime��r p��Rnea�4 or mnditicadon � t:
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<br /> � ' of amoctilation of ttw siuns securcd by this Sec�uiry Instrument gr�amed by I.ender to any suoe`ssor 'v►interest ef Borrow�s shall
<br /> , ' not operat�W relc�se tha liability of the originnl Bonower or BQrcvw�:'s s�ccessors in inter�:c-f�.end�r shall not be requirod to : � _•
<br /> �mmsnoe proceedings against any suocessor in interest or refuse to extend timc for payment or orherwise modify amoitiTarion of -
<br /> ' - the surtis secured by�his Securiry Insuumem by rca.5on of eny deniand made by tho origlnal Boamwer or Bormwu's successors . �' '
<br /> ume •
<br /> in intuesi.My fo�fiearance by Lender in onercising enY ri8ht or remedy shall nat be a waiver of or procludo tho eaercise of any
<br /> , , ' tight Or c�Cmody. �, �^
<br /> . 12.SdeceseorR nd Asdtas Bou�d:JoLnt Wod Several Li�bi�ilyi Ca�ere. 'R�e covenan�s and n�nr,�ts of ►his ;'.' .
<br /> � • Sccuricy Ins�ruma�t shall bind end bcnsfit thc sncasso�s end assi8ns of Lcndcr end Borrower. sub;�t w the provisi�►9 of . ,;�
<br /> paragraph 1T. Bormwer's coven�►ts end ogra.ments st�all be joint and scverel. Any Socrower who co-s(gns this 5ocurity � ;,
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<br /> , . Inwumcnt but docv noi eaxute 1he Note: (a) is ca-signing Ihis Sc�urity Instresr�s:e.^.!; '^ mo='�°-ge.P,rnnt and mnvey thai : .�_: `
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<br /> . „ ' Bom�wer'e intcrest in the Property under Ihe t�ms of thL9 Security Inswmcnt;N)is not Pccsonally abligatod to pay tho sums � '�"' "
<br /> . . . ��by���ry���nt;and(c)agrees that Lender ond ony other Boirowcr rtwy ogrea to exccnd.modify,forbcar or � .
<br /> • � �ke any a�ommo�ions v,ntt�regard tn tho temis of this Sec�uity Instrumeat or the Note without that Bom�wa's consen� �
<br /> • �,',:v; 13.Lws Ch�r�es. If th�losn sccurcd by this Secauity insdrument is subjoct to a law which sets maaimum loan chargos. �
<br /> � , � .�. and Ihat law is fmally intccpretcd so that the intecest or otlxx loan charges coUected or to be collected in connection with thc loan ;
<br /> exceed tho permiued limits,then:(a)any sach loan charge shatl be teduced by the atuouni necessary w reduce tht chargo to t h e ;
<br /> . .� pamiucd limi�end @)any sums already collxt�ed 6ro�n Boaower which eaccoeded permivai limits will 6e refunded to IIomower. ! ���..
<br /> a,�, l�x�r may cFaos�:w a�aice t►hIs refund by re�ucing �hs grincig�l owesl under the Note or by making a direct payment w �
<br /> Barowa. If a refund reduoes p�incipal�the eCductan will be treatod as a partial PrepaYment withaut anY P�Yment charge ;
<br /> , under the Nnte. �
<br /> . • 14.Na� Any notia%to Bomnwer pmvida!foc in ihis Socurity Instrument shall he given by delivaing it or by mailing it
<br /> ' by fust d�s mail unlcss app[ipb{e luw requires usc of anothcr method.TTie noticc shall be dirt�cted tn the Propcny Address or
<br /> any�ad�iress Bomowu desigt►atcs by notioe to L�ender.Any notict eo 1.ende�shall be given by first class mail to Lender's
<br /> addcess sttitod herein cr:�y othcr adGtcss Le.ntirt dcsignatcs by notice to Bonower.Any notioe providtxi for in this Security '
<br /> � Insaument shail be d��to havc�CCn given to Damawrr or Lendc�when given as provided in this para,�aph.
<br /> 15.Govaroins I.�w;Severability. 'ihis Sccurity YnsUrumea�t shaU 6e govemod by fed�ral law and thcs law of the
<br /> ��P�iC�u�n in whi�h tho pmpc�ty is located. In flte event lhat nny(�mvdsion �r clause of this Security Insuumcat or the Note
<br /> - I.��' �.... conflicts with appiiable law.suct�conflict shail nol affixt othtr�ruvisians of this Securiry Inswmcnt or the Note whicls can be
<br /> given effoct without ihe conflicong provisnan.To this end tha p�ovisions of this Seceuity inrtrumcat md the Note are declated to
<br /> _ ��:�� bc seveaabk.
<br /> . Form�040 9100
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