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<br /> payracnta may ao longcr b�s rcqui►r,d.at tho optlmn of I.;.ndcr.it mortgugo insucanco covcmga(in tho amoun od
<br /> � ! thnt Lcndcr ra�ulrca)provided by an insurcr approvad by[.cndcr agNn become.v uvnilablc nnA ix obtnlnod.Borrower Rhall pay the ° '
<br /> I premqums required to mninwin mong�qa Insurance!n cff�t�or to provtde u lnss rescrva. undl tho�equirement for martgoga
<br /> ' � jnsurnrtco eads in uccoidance wlth any weiuer►aBraement beiwecn Bonawcr and l.ender or applicuble luw. , .
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<br /> - 9.Inapection. Lender or its agent may moke r„�onabla entrles upan and inspoctiona of tho Property.l.ender shaU givo ,,
<br /> Somower noUce ut tha drtea of or prior to s�tnsptxtion specitying reasonable cuuw far�tee inspcctinn. °
<br /> � !0.Condemnattoa. 'I9�0 pmcec�s ot uny uwrud or claim far damttges,dir�xt or conseqaentiai. in cannecdon with any ��
<br /> •� condemnadon or ather tnking of any part of tho Propeny,or for conveyonce in Ueu of cortdemnadon.am hereby assigned and
<br /> shell be paid a Lendcr. ��
<br /> In the event of a total taking of tha Pmpert�r�the proceeds ehall be appUed w the suma sex�ued by this Socurlry Insuument� . .
<br /> whether or not then duo,with any exa�s paid to Horrower.In the event ot a paNal taking of tho Prope�ty in whtch the fair madcet
<br /> vtitue of the P�operty imcrtedlately before the taking is equal w or greater then the emoueit o51he sums securod by thia Socurhy
<br /> � Instrument immediately before the �akLig�unless Borrower arid Lendcr othP.nvise egree in writing�the sums secures! by this
<br /> Security Inswment shall be ceduced by the emount of the proce�is muldpUe�by the followtng iracdon:(a)the toml amoant of
<br />, the sums setured imneediately before thc taking�divlded bY N) thc fsir market value of the Prnperty immediately before tha ," r
<br /> ' mking.Any balance sball be paid to Bamower.In th$event nf a part�al mking of the Prope:ty In whtch the fair market value of the , .. ..�
<br /> pro�ty lmmedjately before tho taklag i s less t han t he amount o f t he sums s e c u r e d i m n t e d i a t e l y b o f o r e t h e t a k i n g.u n l e s s . . .
<br /> ' Borrower end I.endex otherwisa egree ia wrldng or unless appllcable law otherwLse provides.tho prococxis shaU be appLted to the , '
<br />� sums secured by this Security Instrumeat whethcr or not the sums are ther►due. :
<br />� ' If ths propeaty is abandoned by Borrower,or af.after no�ce by Lend�r to Borrower that the condemnor offe�s w make an
<br /> award or seWe a claim for damages.Bomower fetls w respond to Leader witi�n 30 duys eRer the data ttte nodce is given.Leader � . h���-
<br />. � is auUeo�ized to collect and eppiy the proceeds.at[ts option,eithea to mstoradon or mpair of the Property or w the sums socured �
<br /> by this Sec�rlty Ins�ument,whether or noi thea due_ .+�
<br /> �~` ', U n l e s s I x a d e r a n d B o r r o w c r o t h e r w i s c a g re e in wridn g,an Y e P PlicadOn of p�ceeds to princi�al shall not eutend or posqwne ' .;�"
<br /> � the due date of We monthly paymeats refearod w in parag�aphs 1 and 2 or change the emount of such payments. �--
<br /> � 11.Borrower Noi Released;Forbear�nce By Lender No!a WAiver. HatensIon of the dme far paymeat or mc�d�ic�ttoa • •`:��..i
<br /> . ., of amorti�adan of the sums socured by this Security lnswmeut granted by Lender ro any successor ln interest uf Bo:rowe.t shall � .�.�,��{
<br /> -__— not operats s�rPle�e��he l�bili.ry of ihe odginal Borrower or Borcowcl's successots in inteaest.Lcader shall not be required to j,
<br /> � � O n � • 1
<br /> ����P��Sg�st�►Y successor in interest or refuse to extend time for paymeat or otherwLse modify amartizadon of ��
<br /> � We sums secumd by tbis Securlty Ins�ument by reason of any deaiend made by the original Bonower or Bomower's successora , �� ' `: '
<br /> . ., ,. � in inta+est.Any forbearance by Lender in eacercising any dght or remedy shall not be a waiver of ar pteclude the exercjse of any �; �; .
<br /> ,. �� " dght or reatedy. � ,� ,
<br /> 12.Suooessors and Assigns Boandi Joint end Severat LlabWty; Co-signera. The cove:wats and a�en►enb of this ' ;• :� ;
<br /> � ' Security lnsaument shall bind aad benefit We successors and assigps of Lender and Bomnaer. subjax to the provLstoas of { .;�' i
<br /> ' Paragraph 17. Bornower's covenants aad agceemeats stiall be joint and several.My Bomuwer who casigas tbis Securiry .
<br /> � „ Insuumeat but dces not execute thts Note:(a)h castgning this Securiry lnsuument only to mongage�gi�ttt and convey thet
<br /> .. Borrower's interest in the Pcopaty uudea the tem►s of chis Security Insuumen�(b)is not personally�obligated to pay the sums , ,...,..�. �
<br /> ' secured by this Securtty Iasuument;and(c)agcees �at Lender and any other Bo:rower may agree u►extend.modifY,foibear or ,. +�,�---
<br /> ' � inalce any uccommodadons with regard w the Lesms af this Securlty L�stivmeat or the Note wlthout that Bomower's consent ����"--°""
<br /> 13.I.oan C6arges. If the loan secured by this Seca�rlty Insuument is subject to a law ahlch sets ma�cimum loan cdarges� �:--
<br />. .' and that law is tivally fnte,�pmted so that the interest or oth�loan charges coltected or to be collect,ed in oonnectton wIth the toan ,.:. i�.
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<br /> � ,.� exceett the p�mitted Iimits.then:(a)any such loan charge shall be ceduced by the amount necessarJ�to reduce tho charge to the . ..°°• .-,
<br /> � ::,: pe�mitt�IImit;end(b)any sums already colle�ted irom Bmmwer which euceeded permiued Wntts will ba refunded to Horrower. ,,��`�
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<br /> , . , Lender may choose to make this refund by reducing the principal awed under the Note or by matiing a diract payment w •
<br /> ., . Borrower. If a refund reduces prindpal,the reducdon wUl be treated a� a partial prepaym�t wIthout eaY P�Y�t ct�er88 -,�,.-'~�•-
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<br /> ,:�;..;:•;,�� � undertheNote. �„+;:` •; ' ,.;�:
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<br /> 14.Notioes. My nodce m Bozmwer provIdetf for ia this Security Ins�ument sbatl be gtvcat by dellver�ng it or by mailing it ' "
<br />_ . - by tirst class mail uniess epplicubte law c�aquires use of anothea meihad.'t�e notice shalt b$dfrected to the Pcogerty Address or - •--,�,_ _
<br /> � . �� any ottu�r address Borrowca designaus by nodce to Lender.Any rtoHce ta L�der shail be given by fust cla4s mail to Ler►der's .
<br /> . address smtad herein or any other address Lender designates by nodce to Borrower.Any nodce provided for in dils Security ,.
<br />- � Instiument ahall bo deemetl W have been given w Somower or Lender when given as provIded in Ihis paragreph. ° ..
<br /> iS.Gc►veraing Law�Severebil[ty. 'mis Socurity Insuument shall be govemed by federal law and the law of the
<br />-= jutisdIction in which the Property is located. In ihe event that any pmvision or clause of this Security Inson�ment or the Note ,
<br /> . „ contlicts wuh appllcable Iaw.such contlict shall not affect other provisions of this Securtty Instmment or the Note which qn be ^:';:���. .
<br /> iven effect without the conflictin iirovision.To this end the rovisioas of this Securi Instrumeat and the Note ar�declared w � "'" :"'
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<br />_ ' be severable. �
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<br /> ' Form 8048 9/!0 �
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