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<br /> piyenents muy no longer bu requiced.at tho apdon of Lender�if mortgage lnsurana coverago(in the araaunt�nd for the perlod
<br /> � ,,, �wt l.cnder �equjre.$)Pmvtded by an ineurer approve�by Lender again bvcom�s available and�S obtained.Sarrowr,r shall pay the
<br /> � premiwns ra{uircd t�o maintein mortgage Insuranca in effect,or to provIde a loss neserve.nrtdl the rcqu�reraent for mortgage
<br /> •� ins�uanco enda in axordance wlth any wriucA a�ccement between Bosawer and Lender or appllcable 1aw.
<br /> ti:._t.,.:; 9.Iaspectbn, Lcnder or its agent may make reasonable eaMes upon and inspecdons of the Property.LfAdet 311811$IV8
<br /> ,-� Borrowa nodce at ihe Uma of or prtor to en inspocdon spacifyIug reasonable cause far the inspecdan. �:
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<br /> ';w,� . 10.Condemnatbn. 'Ihe pmceeds of any award or claim for damages,direct or cansequeudal. �a connectton wIih any
<br /> ° '�-�"'�"�"" conder�u�atian os ather takIng of any part oP the Propertyr.or for conveyance in Iteu of condenmaHon.are hereby agslBnad and "
<br /> , shaU be paid to I.ettdet. ,
<br /> . Ia the eveat of a total talc�r�g of the Pmpe;ty.the pmceeds shall bo applied to the sums sacuced by this Securlty Ins�ument,
<br /> ".G ,'. whether ot not then due,wttb any a�cess pafd to Boiroaer.Ia the event of a paALal taking of the Propeety ia wblc6 the feir mazicec '
<br /> value of ths prope�ty Immediatcly before the taking ls equal to or greater tbaa ihe amount of the sums secured by this Seciu{ty �F
<br /> . . Iasaucucnt immedletely befare ttte tekWg�unless Bom�wer and Lender otheiwLse agrae in writing�the sums secured by this
<br />' � <.� Sec�uit�r Iasuurnent shall be reduced by the nmount of the proceeds multipiied by the followiag fracdon:(a)the mial smount of
<br /> -_ * .f the sums sewrred immediately before the taicing�divIded by(b)the fair macket value of the Prope�ty imraodiately befam the
<br /> taisIng.Aay balance shall be paid to Borrower.In We eveat of a partiai mkjng of the Prope�ty ia wiuch the fair marlcet value of the
<br /> v; � `�� =- Property imme8ia���ly hefora tt+a�king in less tlmn the muowu of tiee sums secured i.n�t+nr�ay before the taldng.anleas
<br />`.`w. . '.• . i,.+,�� Hoitowa aad I�der owenvlse.y;ree ia�.dti,�or uu�s applicable law othe:wisa provides,tite pracceds shall be applied ta tbe _�.
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<br /> ..-_--_-- . �— smb.:�hy�is Sens:ity Ia�ss�eas c�hethrr or nc.ske muns are tl�st due. -;�'
<br /> . � � � If the Property is abandoned by Borrower.or ff.eftcr notioe by Lender to Borrower that We condemnar a�'ers to mate an .:
<br />->�..�;;�`�;�.�,;° �' �' awaM or seala a claim fos dnmages.Homowa fails m respond to Lender wiJthln 30 daya efter the date the aodca is g,iven.Lsnd� -�'`
<br /> � �L ' is authoriz$d to collect and 1 the at its Son,either w reswradon or rcpair of the Pro or w the swas socwed a""
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<br /> . � ..y� by tWs Securiry Insnvmea�,ahether or not thea due.
<br />��:.. .....,:• c'- Uceless Lender and Bonower otheiaiso agree ia wrldn&aaY ePPW�tion of p=ocoeds m pr3ACipa1�all not eaoead oe poslpone �
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<br /> • ` the due date of tho monthly payments refetrod to fn psua�aq�ha 1 and 2 or c,hange the atnow►t of such payments. �s-
<br /> ';.' ,,��' �� :_ ,` 11.Borrowu Not Rekasesli Forbwrance By[.ender Not a Waiver. Bxtension of the t�me fix paymeat or modifi�n �
<br /> �.`� . � '.� ;, oP amatd�ation of the sums secured by this Security Iaswmeat granted by Lender to aUy suooe�r in interest of Bomawer sl�all
<br /> .:7:; °, ;..;�,.�:'; aoi a�atc to rci�t�e 1lsblllty af!he�Iginel B�wer Qr Bs�we�'s s�+r�in interavc L,ender sfiall not be tequhud to .
<br /> ' n. . com�aence Droceedin8s against any suocessar in interest or refuse to axtemd time far paymeat or otheivvlso mod[fy amort�Zqdon of
<br />.';�.:r . . .��.ti tbe sums secnced by tGis Soctuiry InsWment by rPason of eny dcmand tnade by dte o�iginal Botmwer or�mmwer's sucxessois
<br />,--`a'T-°-.�' ,��:.�� � '. in interest. My fofiearano�by Leader in exercising eny right or remedy shall aot be a aaiva of or preclude tt►re axeiciso of any
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<br />��1•::'� �;� iZ.Suxcesso�s�nd Assigna Bonndi Joint and Severa!I.iab�tty;Co-stgnera 11te covenants ead a�aemeats of thfs
<br />- --�•�;'�°i'- Secnrtty Ins�ument shall 6iad and beneSt the suooessora end es�na of Le�da end Borrower. sub j e c t to We provlsious of
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<br />;•:"'�'j�"~`� paragia�h 17. Bom�wer's covenants and ag�eemenis sba11 be joiat and severaL Any Bom�wer wtto co-slgns fhls Security
<br /> �..:',:.-���... Inswment but does aot execute the Note:(a)is co-�g this Seciuity Insocument only to mort&age.Srent and wnvay that
<br />`=�`;~a:��=t":�.�:. Soaower's ta0erest in the Property under the tama of this Security Iastcumea� (b)is aot personally obllgated to pay tho sums
<br /> ';�:°�:: socured by t6is Security Liswmen�and(c)agrees that Lender end any other Bonower aiay a�es to eatend.modify,forhear or
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<br /> .m�-,��_,.:.�_ mai�e any awo�unodadona whh regard to the teims of this Soc�uIty Instrument or tde Nete vvltdout that Boaower a oonsatt
<br /> .�_�,=_°:-��_�°� 13.Lo�an Chorgea If the toan securod by this SecurIry Instiamment is subject to a Iaw widch�maaimum taan etiarges�
<br /> :_-�>t:=��`"��'� and that law ls finally lnterpreted so that the intaest or other loan charges oollocted oz tu be collectsd in connscdon wlih the loan
<br /> --.__�:Y�� excoed tba pe�rnitted lImits.then:(a)any such loan c6arge sheU ba r�eduoed by the emount neoes�y Oo raduce the cbarga to the
<br /> -l_.a r,,�� pamiued 1imi�aad(1�)any su�ns al�+eady collec�d.from Bomower which eucaoded paYaitted flmits w1U be refi�ndad w Honowa.
<br /> °: --:.,��;�'.:°.- Leudcr may choose to make d�is mtirad by reduc�ng tbe princ�pal owed under the Note or by maldng a direct psymeut to
<br /> i j��;�_;' ao�owa. If a refund reduoes PrindPal.the raducdon will be treated as a pmrt�ai prepayment without enY P�►Y�t�8� —
<br /> �i; � under tba Nota.
<br /> - "'"�"�� 14.Notias. My notice to Boaower provided for in this Security Instrument aha11 be gtvea�by delivering it or by mailing it
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<br /> --=�=�:5=;��=' by fast class mail unIes.s applicable law requires use of another method.The notice shall be dinctod to tha Property Addcess or _--
<br /> -'.'��r��'. any otlw address Borrower desigaates by notIce w Le:►der.My noflce W I.end�a shall be glven by first cisiss afail to LRader's --—
<br /> "�`�""- address alaud herein or any other addre�s Leader designates by noiice to Homnwer.Any nodca provldod for in th3s SeauIry --
<br /> -,"`Y`-''"'�`:., " =:°
<br /> ":�.t.:��,, �- IasuutaWtt sdail be doemed w have boat glv�t to Borrower or Leader when given sg provided in tl�iis paragtaph. =-:�_
<br /> ;"'';","•. 1S.Govern[ng Laa;Severp6ility. Tfiis Securiry Instrument s6all be goverrtod by federal 1aw and the law of the ��=
<br /> :', �� r�;�
<br /> jurisdiction in whlch the Pi�e�ty is located. In the eveat that any provL�ton or clause of this Security Instrumeat ar the iVote F -
<br /> -- , '.::��, oonfltcts wIth appllcable law,such contlict shall aot eftect oiher provisions of this S e c u r lty Inst�ument or t he Note w h i c h can b e �;�_
<br /> - - - :� � glva�effect aithout the contlicti�ng prov�sion.To this end tbe provLdons of this Sacurlty�nsuumeat end the Note ore declarEd to =';:
<br /> . be severnble.
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