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<br /> �_—� - -��� a„_v��EiS� �• t• �`=-i=--�r:--.�'—e' t .�_ --�£,s�w . ___�J_.r . � �� �•-s---� .'G' .
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<br /> `• ` ': ` . ' substanteally equivaieat�rtga;e instnranoe oaverage is not availa62e,Bosrowcr sd311 pay ta Ixnder eash mox►th a sum equal tp . -.
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<br /> °`:�F;�r:.. one-twelfth of the yearty mortgag@ insw�are O,�tiWl��bein�paidby Eormwer crhen the msuiancc coverage lapsed os c�ased co ` .-
<br /> ` `,`' be in efkct.Lender will accept.gce and�tstain thes����sas a�oss reserve in iieu of mortgssge ���,•��•�. Loss reserve �_
<br /> ,���•-' .. °. payiaeats may nm longer Be requi�ed,et th�apdar�of LeQdet.�f mnrtgage insurance coverage(in,the acaount and for the�oeriod� _.
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<br /> �` "� �`< "� t�t Lertder requites)Pmvidat�y an insarer sypraved by l.eader agaia becom�s svailabie and ic obtaiued,ScNmwer shall pay_ _
<br /> �.< � � � the prea�ium�reqwred to maiattun mortgage ins�ranoe in effect.or t�prov�de a loss reseive,umtit the�quirement for mortga$8�a _
<br />.:�.� �`' � �'� • iasw�auce eads in ac�oraance witi�aay amYten agreement bet�v�Bflrrower and Le�tder or applicabie l.�w. �j =
<br /> ":,`�:�":�,�`.'��� q.Ins�oa.Lender or its a$ent naay make►Easoaabte entries upoa aad inspedions af the Pm�erty:�er sha!!�gi�e� _
<br /> ''� ' n m reasonabie caiase for,the ins�eCtioa. � =
<br /> , ,:k:::. ` �rro�vea�natise at the tim�af or psiorto an ins�2ctIn sP�ifj+� g . �
<br /> . ' 10. Cand�natEan. The proceeds of any award or clsim fo�damages. d'uect or ounsequeatial. ia oonaecdon�vith arry� �
<br /> • . `• condemnation or other 4a�ng of any part af the P�operty.o�for oonveyance in Itet�of oondemnaaon;are heteby asslgued utnd� �
<br /> - _ �.:`�:4i `'" shall be g�aid to I.ender. . • . . , • �,�` �:
<br /> .,�� ' -� in the event of a total ta�ng of the Property.the pccceeds shatt be apgSied to the sums sect�red t�y tFus 5c�srity Im4tn�m�3,q� -
<br /> .����.` � ' whether or not then due,w�th any eacess paad w Borrawes.f�n the ereat of a partiai tsiking of the PropeRy in whicb the fais�,g
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<br /> �,;,�,�:; . m�ket value of the Property im�m�.e,,d`�ately before dt�e�,,m�,,k,,,i.ng is eqaal ta or gceater than the aasount of the su�1m,,�s seCUreB by ttus ' --
<br />_...�.c;.-�:-::::."__`�.. � '--.-:�' '.7�I�3��iTi"R1�i^[n�sr��i��..�A�p.iii[:�.:�CIIQR�.°'!`��t.P�[tEF OI�EILV1Se.8�t.',�111 Wtl�.W.s&U�Lg SEAIIE��.. �... �.
<br />-K--� ,`" ;�: t�is �e�ity Insuument sh�ll im reduced by the amount of the praoe�ds mutriplied by the follav+ning !`iat�� (a) ti�fotal =
<br />..,�s ,,�_:;..;c;' ', amd:.at.of the stims secured immediatetY befare[he tatdag.dividad by @)the fair market valne of the Fropeny irnrnediately _
<br /> �.:�.;;`�.�' �+��_: 6efore the t�ing. Auy balaace shall 6�gaid to Borrawer. In the eveat of a pn6a1 talring of the Properiy ui w1ucA the fair
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<br /> .,'.;,:'. _;::, market v�iue of the Propeay iramediately before tfie tatsiAg is tess than the amaunt of the sums secused immediately befare 4he _
<br />' "; ;�.s-':'�x:: taking,ualess Eorcower and Lender.ot�erarise agsee in wriEing or unless applica6le law othervvise provides.tfle pmc�eds st�aU =
<br /> .. ise applied to We sums secured by this Seauity Instmment w6ether or aot the sums a�e then due. . _.
<br /> ::'�.';�;�:Y;Y: If the prapetty is abandoned by Borrower,or if,after notice by L�nder to Barca�ver that the wndemnor offeis to make an , --
<br /> ,. :..;. .
<br /> ��� � award or s�ule a claim for damages, Borroever fails to respoitd to Lender witi�in 30 days after the date the notice is given, _
<br />._,i.�,'I�_Y.�. �..,-
<br /> �, �s�.�g. 18ader�s authori�m oollGd and apply tl�e gmoeeds,at its option,either to restaration or tepair of tfie Praperty or to the sums -
<br /> _ : .�;i . s�by this Security lnsuument.whether os not then due.
<br /> Unless t.ender and Borrower otherwise agree in writing,�ry•apptication of prooee�s to prlacig�a1 shall not extend or ,
<br /> . �` s' � postgoae Lhe dt�z daie of tt�mouihl pa��referred w in paragraPhs 1 and 2 or cl�ge the amount of such paymenis:
<br />_ .,`�'��- ��'.` , 11.��er Not 8eleased;�o ce By I.eader Nat a 1?VaIv�Ei�ensosi of.the sime for payment az mud�iration"
<br /> �-�.:.-:-z-.-�.,� ert ' .of. _...---._..
<br /> . ,�,. ,.; -�--------of amortir��6i the sums-secu�by�t�s 3�ty Insuuineni g�antedbyi.Isad o.any.sua���a.0 i�tete�c Borr+nwer_..
<br /> `, .`•a��- ;�:. � . nat opera,te w release the liatriCity of the original$orrower'or Bortower's saocessors in inieres�.II�nder sh'all not be i�qiiiied to
<br />`:;:;�:r:.,,. . - commence'proc�din&g a�t.�ny sucoessor in mt�erest or refitse to extend tiffie fsr,�gaymeai or othe,r�rise mndifg amor�aiion -
<br />. . � .+r, ��' of the stmms secace�by ctr�.Sec�nty Ii�strumeni by rea�on of any. dernand.m�'r�by the origiaal Borrov�er or Botmwer's
<br />.,.,. ., ,
<br /> - '��� ri or nmed shall not 6e a waivec of or preclude the .
<br /> .' ".�. • successors.in interest. Any forbea:ance by I.ender in exercising anY ghi Y
<br /> .�;�.
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<br /> �?:.:•:.:;,. �• exercise of ��ri t or�medy. _. � � . . • -- ..
<br /> - - -- -- . .. ._ _ .
<br />::_.>.,-x�i � it� 12. Su�o�rs and As�igms E�und;Joint and Several idabilt ; Co-slguers.The cuvenants and.agneeaients af this
<br />==��'•''''�'`� '� Securityr Inswment shall bind and beaefit the successars and assigns of LenB� and Borrower,subja;t to the provisions of
<br /> .....-.��:��: --
<br />�i��yi'„�,;�',` �' -paragraPb 1�. Borrower's coaenanTS and agreemeats shait-be jnint and several. My-Horrower who.co-signs ti�s.SecusilY
<br /> ena s
<br /> . .:,rr��=:^_-': t and conv tbat
<br />;.;,,�;:. ;9i :.._ u �nstrument but_daes nnt execute tbe Note:(a)is�co-signing tlus SeCUa'ity�Instzumenf only to mortS88e. gcan �y _
<br />'•.�'�' ,':��� � Borrower's�t in the Propeny ander the terms of this Sea�riry Iusdument;(t�p is not pe�naUy obligated to pay tbe sums
<br /> :�,: �
<br />: ��,•_:�_ ...;�,. '•secured by t�s'Securiry Iasm�ment:and(c)ag�r�that Lender and any other Bom�a�may�to extend.modify,for�ir.ot
<br /> - :,� i,�.,,�. ' make ar►y accoma�odations witti regard to the teims of this Security Instrument or t�3��te i *,'. thaz Bormwer's consent. :�
<br /> ^'�_-z�.��� 13.I,Qan Cbarg�s.I€the loan secured by this Securi[y Insn�ument'ss subjee�r.�:a law w�ich sets maaimum loan cnar�:;,
<br />__��x:.;,t�: � and that Daw is finally i�z':tapreted so t6ai the interest or other lo�charges colf�or to be coltected in�a�eetion witb the ..
<br /> _��--�;� toan exceed the pemritte�:L�its.then:(a)at►Y such loaa charge shall ba reducedi 9ay.the amannt necessary tm �ce the char�e ,.., , .
<br /> ' -�,a � to the emiitt�d limit:and'(b)any sums already collected from Borrower which exoeeded permitted Gmits ws,��de'refunded}o . �
<br /> -��=���Y���' Bariv er. Lender may choose to m�lce this refund by reducing the principal owed under the Note or by makiai� a �"�',cm�s .
<br /> --+'=-�•� , paysnent to Sorrower. If a refpnd reduces principal. the reduction anll 6e treated as a partial prepaymeni vinttim�t:i�r•'
<br /> -��-:n;��`�� P�PaY�nt charge under the Note. , .
<br /> -�`�``-;:=--�-� 14.Nottces.Any natice to Borrower p.rovided for e►t�is Security Instrument shaU beg�ven by deliveria�i�or.6y.mailisg
<br /> --= =_ =�� tit by first elass mail unless applicable la�r requires ose of another method.The notics shail be directed to the Praperty Addtess
<br /> -_=-- =_��m or any other.address Borrower designates by norice to Lender. Any notice to�wtder shal! be given by t3rst class��r�to
<br /> -° � Lender's ad:�e�zss stated herein or any other address Lendes desigeates by notice to Barrower. Any nbtice provided fos.fa;t�to:$
<br /> = Security InsL^.:�ment shall be de�med ta have been given to gorroa-�z�or I,ender when given as provided i�this paragragh. . ., ' .
<br /> = lg.Gov�ning I�� ,Sevcrability. This Security Ins��it.sha11 be govemed by federal law aad.the taw oP' the .
<br /> �jurisdict�on in wiucb t�a Ix'�_`�erty is loc�ted.In the event that aay.provision or clause of tlris 5ecurlty Insu�ument ox the Note � ,'
<br /> -_—=-==-a.� . corrflicts arith apPlicable'�r�,'such conflic!sb�11 mot affect other provislons of t5�s�trity InsWment or the Itiote which can 6e ,,
<br /> -_ -= given effect without the contlict�ag pmvisIon.To�this end the provisio�s of this S�curity Instrument and�he;Vote a�declared :
<br />__ �=� to be sever^�le. . '', .
<br /> -�-=-II=�::�� . 16.I�aun�ower's Copy.Bntrower shall be given one cQnform�D!2opy of ttie IJote actd of this Security Instnimeni. �
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