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<br /> .. � y,,` ': `'` 4 snbstanrially e�ivate�t mortgage insurance oovera�e is not avaitable,Borrower shail puy_to Leuder each ra.flnth a sum equal w -•- `F� ' , -_
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<br />� ,. �. ,�. •o�-twelfth of th�yearly annrtgage ic�s�uance ptemium he�ng paid by�omowet w�ea the i�sivau.ge covetage tapse�or ceased to� ' � . - :-
<br /> --. !�e is►e�ac�.Leuder cv�I a c ce���ase and mtain these p aycrtents•as a loss res�ve in iieu Sof,cnortgage insurartce. Loss �+eserve . � � •� _
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<br /> � ` pnyatents maY ao tQnger be�quired.at tt►e option of I,ender.if martgage insurance�v�e(in t h e�no�nt sn d f or We peri a d�� . -
<br /> - ' t6at I.eader requires)Brovided by an insorer approved by Lender again bemmes avaitabie anA is abtaiaed.8orroa�er st�ll pay�� , r _
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<br />-:� t:: ,;:<.�`;. :�`�� ttie premiums required to maintais�mortg�ge insurance in effECt,or W prc,vide a lass reserve.unt11 the requiremerit for inoYtgag� .�� �---
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<br /> y:.2,., , .- iasurance ends in ascordance with any�vrii[en agreement 6etween Borrotiver and[�eader or applicable iaw. 0 .�4�. `, �
<br /> . ''4;�i 9 Inspecttaa. Leasfer.or its agent may maise r�asonabte eutries upon and n"rsspections of the i'NFert}i.Lender shall giv �'e`•.. .'
<br />- �r�. ,- ` • . Bnrcuwer notice at the time of or prlor to an inspectiort specifying msomble ranse for ttte inspection• °` -'�
<br /> �:.. � ' 10.Caualem�atlot�.lRe prooeeds ot any award os claim for d�mages,di�cc or consequential. in conneGtion with an � �-
<br /> •.�.';�`� ' , coademnation or other takiag of�y pats of the Ptoperty.or for convey�ce in liea of condemna�on,are hereby assigned an . • • •; '��
<br /> z ;: _ . shall be paid to Lender. .�
<br /> � t :- In the ev�t ofi a total taking of the Pcoperty,th�proceeds shall be applied Io the sums'secaxed bg this Secur[ty instr�e._�� r - � =
<br /> ;���....� whetmcr ar nat t6en dae, with a r ry exoess paid co Eorrower. In the event of a partial taking of the P►operty in whicb the fair ` °� �
<br /> �` ° :' market value af the before the takin is to or than the amount of tl�sums secvred by this . «' .- `�-
<br /> Pro�ertp immediateiY 8� equal g�e� ,
<br /> �.�;'�� �' :• �' Security Insuument immediately before the tatdng,unless Borrower aaA IBnder othernise agree in Rr=iting.the su�s seWrad hy . , °_,•.-x
<br /> - this S�urity Instrurneat sha11 be red�ced by the amomu of the procceds multiplied by the foIlowiag frsction: (a)the t��:i • � ' • �.=°
<br /> ' � ��-� .. :' � � <, �;�.
<br /> - �.=- -f -,__ _ . amonnt of ti�e sams secared immediateiy before the taicing,divided by(b},*.he fair market value of tke Pmperty immedi�e:y _�.' h _
<br /> . _ . _ -�6e�ire tTie ta�ng.-Any bafance svatl ise•paid to Sorrower. tn'the event of a-�iai�af-the-t�mperty�whic�tae�s -- _ _;
<br /> `• market valae of t6e FmPenY imm�iatelY 6efare the taldng is less than ths amaunt of the sums sec�ed m�edrately Uefare tae �. �-. �, r�.� r�-
<br /> ' ` ` ' taking.unless Borrower and Yx,ader atheiwise a�ee in wndng or unle�s applirable law othenvue provides.the pmceeds sF:�II �.,,.'�r� . ._
<br /> ' b e a p p l i e d t o t h e s a m s s e c a r e d b y t h i s S�c u r i t y I a s tr u�E n t whether or not ffie sams are then due_ �`.r e� ''`_
<br /> ; • � � :`�' If ti�Fro,perty is abandoned by Borrower,or if,after aotice by Lender to Borrower that the oondeinaor eff'ers to make an • `�`��� --
<br /> aarar+d ut settle a cla�m€ar�mages.Bormwer fails to respond to I�endet withirt 30 days after the daze��notice is givm, �.�����`'_-`
<br /> ' " , �nder is authoiued to c.mllect aad appiy the pmceedc.�its option,either to restoration or repair of the Pca�:ty or to the sams , � '��
<br /> ,. • •^ •'� sec.�red by tdis.Security�Fm-aument.whethe�or not thea due. ��i� .--
<br /> M::.,r�-.,:y: Un!�s II�ader"aad Borrawer otherorise agree in writinp, zaY apPlication of pmce�s t�p4incipat �TM.,.�11 nat ext�or • '� '�� _
<br /> —' L� � g05[�FOriC iQS tlilE d8t2 O�2�iC D16�2WY�f3YlIICIILS t2fi:ifl,a LO ID���LS Y�Z OI CEt3IIb8 iF�E'P.TQQIIL 4f s*..��aym�ats: � -_-
<br /> '__.,-lT--__-_ ,;�r 11,Borrower Nart Retease�;Fosbeatance BY I�end�ivot a Watver.Exteasion of the time for pa�or mod�f�ation �'�--------:
<br /> � � of amortiTation of the sums secured by t6'ss Security Ic�nunent granted by Leuder to any successor in inter�¢arf Borrflwer shall '��-
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<br /> . � not operate to release the liability of ths original Borr��er or Borrower's successors in interest.Lender sha1l not be required to • "'�:-�----
<br /> ' �= ' • commence proceedings against any sucoessor in intetes't or refase to extend time for payment or otherwise madify amartizat�on °$i—
<br /> f'�`' � '`M�=f of the sums seaued by tivs Secuiity Insttument by reason ot'any demand made by the originat Borrower or Borrower's ���
<br /> `. •��' sucoessors in iaterest.Any forhearancs by Ixnder in exercising arry right o•r remedy shall not be a�raiver of or prectude the - --_""`_�
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<br /> � ' + � ene�i�e of arry right or remedy. . • � �
<br /> . � -- - :�-�ev���.�.�5���;a�int and Several I.iabilitv:Ca�nets. Th�covenants ard a�m�nts of t1�is ��'-�.;;-
<br /> ' '' Security Instmment shalt bind aa�benefit the successors and assigns of Lender and�orrawer. suT�jeet to tfie pravis�ons o�-�— ;;�
<br /> . ' . : ,.;:�.� paiagraph 1T. Horruwer's covenants and agreements shall 6e joint•and several. Any Borrow�r who co-signs ttus Secariry -,�,Q
<br /> � :��''„ Insmimesa2 iaLrt does not execute the Note:(a)is co-signiag this�urity Itu-uunnent only to�ortgage.grant and comre�7 4haa
<br /> '' . '�:��i,. Sorrower's ir�eresf in the Property ander the terms of this Seci.asi,}��nstnunent:(b)is aot penuually a6ligated to pay tIie s�ms
<br /> : . • •.r::. secured by tIus Secariry Insuvment:and(c)agrees t6ai ixnder and any other Boaower may agi�co exteud;madify.for6ear or
<br /> � �. ' �aue any accommodations with regard tn the ter�s af�fris Security Instrument or the Nate without that Borrower's wnsent.
<br /> . ,:: 13,Loan CLasges.If the 4oan secured by this�riry Insuument is subject ta a law which sets ma.�;mnm loan charges. _
<br /> '" � and that iaw is finally inierpreted so ttiat the interest+..r ather toan char�es collected or.to b�colleeted isi,�nneciion aith the •,
<br /> _ � .' . ��,���1�'y°; loan exeeed the permiaed limits,then: (a)any sacb toan charge shal!6e reduced by the amount necessary to reduce tiie charge _ `�%.
<br /> ' � • :":;�i�!1r, to the permitted limit;and(b)anY sums already collected from Borrower which exceeded permitted limits will be refunded to ,
<br /> .,..�,. ' " Borrower. Lender may chaose to make this refunc! by reducing the principal awe� under the Note or by making a direct
<br /> �:�'::`�-: . � payment Eo Borcower. If a refund reduces prir..i�*aE. the redcction will be treated as a partial prepa���raent without any `,- . � c'
<br /> �!`t;�`°;� � �. ,_._ prepayment charge under the Note. .
<br /> ;.;,;,:; - _ ..
<br /> •'� 14.NollCes.My notice to Borrower p:ovided fzc�in this Security Instrument shai!be given by defiverin�'st or by mailin� '="-`�
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