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<br /> :�� ' .� u. Qay�nts may no longer be required.ai'the optiou of Lender;if mos�gage ituutant�wverage(irl the amouni and t'ar�ttte peci�d
<br /> ,4`�'°� ..<.'� that Lende� tequires)Grovided Dy.a.rt insurer appmved by l�.e�rder again becames availabte nnd is obtained. Sorrower shail pay
<br />::�;.•;����.:'�` � the premiums requir�ed to maiatain mortgage insurance in effect.or to provide a loss treserve.u�ti!the requirement for mortgage,
<br /> - �' •'`. ' insuranae eitds in ac�coNanee witi�any written a�t between Borrower and Ixn�r or applicabfe law, � ' �
<br /> `,�`:f`� `` ` 9 Ins�rectlon.Lettc�er or its agent may make reasonable eatries upan and insp�ctions of the Property.Lend�r sha11�ive
<br /> . ;� `�`•Y : Borrower rtatide at the time of or prior.to an tnspection spa;ifying reasottabte causs for the inspeciion.
<br /> � ..� •, � ' �- 10. C�rtatton..�e prooeeds of any award,or e1aIm for damagec. direct or canseqaentinl,in ennnactinn with any �
<br /> ' �--,.��--"'"�.,-- ocmdemn�ion or other takin�of a�r par�of the Property.or 1�or oonveyaace in lieu of wndemnstion.are heteby a�ss�a�
<br /> � '��` shal!be paid ta Lender.
<br /> � '.t..=`-'�".t'• . .. , ,
<br /> � 4:. <•, ` . . .
<br /> . �,� ' _'. � In 3he event of a tatal_taIdn�of the P�rape�cvs 3h£�m�wE+/tc chnli l�g�.!i.°.d fS!I?�:o�i��i e�.�"�f'actf f3}i iSt'L+1.'�'St.Yliliy�; - - = -
<br /> `�-°-- -"'�""'- -- - -�e�ur not t�n due, witb aay ease�paid to Borrower. In ths event of a takia of the in which tbe fair
<br />=-��-,';:_:.;..._ P�� �. �F�Y
<br /> �•`.' ;.;, ` .• ` , ffiarket vatue•o!"the Pro �mmediatet befone the tatdn �s
<br /> .. ark perty ' Y g' equa!to or greater than the amount of the sums seaued 6y this
<br /> '.'���:�"..'�"°:•,' Secarity Insttuptent immediatefy 6efor�the iaking.unless Horro�rer and Lender othe�vise agree in writing.the sums�ttred 6Y
<br /> -';�-`;�•••`"'""`';.'a'�' ' , tlus Secarity Inswmeni shall 6e ieduoed by the amnunt nf the praoeeds multiplied 6y tl�e following fiaction: (a)the tatal
<br /> , _ ,•. �•�y-: t I
<br /> -%��,'�'`� ,:'.:r"� amount of the stuas seruied immediatel 6efore the takin divided b ([s)the fair market vatue of the Pr�operty immediat�ly
<br /> :;�;.::::';: .',�4: ..' y g• Y
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<br /> before tl}e taking. Any batanoe sha11 6e paid to Borroa�er. In tbe eveat of a partial taidng of the Property,in whzch the-f�ir
<br /> '&=��:�•,�,-,. ° ;�� m�rtcet valae of the Pnnperty ua�diateiy before the taking is tess t6aL�the amount of the�ums secured i�„R,�.A�PIy 6af'oie the�
<br /> , . . ,�., ; .
<br /> .;``•-:'�,'�;::• tatcing.ualess Bormwer and�eader otherwise agree in.ariting or uNess applicable[aw othetwise provides, ttte pr�nceeds shaU
<br /> -:;;�,.= _�.,f�� ,•��s� 6e appliad to th��cros secw�d mj this Security Inswment whether or not ttte swns are Ehen due.
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<br />, `"��''�n.` �`��'� � ' if ahe Pr+operiy is abandoned by Borrower.or if.after notic�by l.ender rn Borrower tLat the candemnor offers to make an
<br /> :<;�� � �'`��-'�t award or seule a claim for dama es, Borrower fa�']s to r�pond to Lender within 30 days after the date t�e�tice is givert, �
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<br /> , Lender is authorizec!to coileet and aPPy t!!e Pm�x�t 1ts.o�tiQn.eit6er m.�estoratioa or-regair-of the Prog�ny or-to the sumc..-.. .--- .
<br /> � ..�`,.-.. * �---....... -------.__...----�--- -� -- ---�---�•--- -..._
<br /> hr � �,f.�r�, secured Ery�this Securiry taswment.whet�or not then due. -
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<br /> ���,�;� � • iTatess Lender au►d 8orrower othereaise ' '
<br /> _:;{:� : ag�ee IA �rriting.'any applicaUion.'of proc.eeds to}�rincipal shall nat extead os�
<br /> '.�;.;.,.. .., postFone the due date of the monttily pay�tc referred to in hs 1 and 2 oi chan e the az�vnt,of such a
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<br /> �'';;`'"'�� �, r I l.Borratser Noi P .
<br /> ;__::... _;....• . Ite�rr�.red;Fa�bearaace By Lender No!a Waiver.Fa�tension of 6�e dme for payment or modifca�on
<br /> °-- _:.;...°.1� ; of amortinrion af the sums�md by ti�is-Security Instnur[ent grainted 6y Lender fo arry suceessot in interest of Borrower sliatl
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<br /> --����{:f��. � . noe operate to rrlease the liability of the original Sorrawer or Eorrower's successors in intenest.L.eadershali not be requir�mo. .
<br /> _ �,-�:-::�' �ommence prc�oaadings againss any sucoessSC►s in iatcrzst or refi�se to e�;end dme for payment or otherwise moQify's�,norti�a�2; . -
<br /> �'�'. .��':��" . of the sums s�a.�ed by ihis Security Iastrument,by rc�son of any demaad made Gy the ariginal Borrower.or Borrower's .
<br /> '`">;�i,••°" " suooessars ia interest. My fQUbearutce by l.ec►der in exacising any right or��sha11 not be a waiver of wv:�eclud�the
<br /> -:,'�°���" :. �' ��: exercise of any ri�ht ar rgmedy. •
<br /> -�r`��`.�;:i�`r � . 12: �ttrcessors aad Assigas Boun�;,Jaint tutrl Several Liab ; I . . :-'`:;. • • • --
<br /> , , .�.,.��. : ll�Y ��s. The oovenauts and agceeinents af iii��'
<br /> „ Sec�rity Instranient sball 6ind suid benefa¢t,L�e successors and assigns of Lender and BorraRe��bject to the pravisiv�;�r��
<br /> _-�_�-��`�{'�_-_`� � �reemea4s shall 6e joint�d several. A,�y Bo;rorv�'aho co-signs tIris SQCUr.h:y ,
<br /> ,_, paragraph 17. Borr.awer's covenants and •
<br /> �;V "--!- ; Instrument but does not execute the Note: (a) is co-signinS this SetureiS+Instrum�tt�;y to mortgage.grant and wnvey Wat
<br /> -:,-,_..,..< Borrozver's interest in the Pmperty under the terau of this Seairity Insuuir,er►h,(I�y:i�'�aot�ersonally obligated W pay the sums
<br /> --- __ y.:. .
<br /> __-�;;.��'?��' sec+u�d by triis Sesvriry Instnimeat;and(c)agrees that Lende,r and any�r Bprrower may agree to exteud,madifyr.forbear or
<br /> _':=:'::�:-.;,'mw�,] . make any aranaunodation.c with regard to the terms of this Seaarity I����+t or the ATote without that Botrower's consent. -��, ..•
<br /> __-_�= 13•i.o�n�^harges.If the loan secureil by this Secvriry Jnstivmeat is svbJect to a law which sets maximum loaa charges,
<br /> __.--___-__ aa�l that!aw is finally interpreted so that the irtterest or uther toan charges oollected or to 6e oolles�ed in con�ction witb the
<br /> -=---- -____= ._ .- �'�°.:•"��~-'��.�_rm.�tted linuts.-ii�cu:(a}-�r sua`i�,rar,L�,mrg�-shali iie redac�by the amount neoestiaty to red�uce the chatge---� . .
<br /> to t�e penmitted limit;and(6)any sums already wltected from Borrotver which exceeded perrnitted Iiriuts arill be refunded w
<br /> ___- _ . •Barmwer. Lende: t�say choose to make this refiynd 6y reducing the ��incipal owed uader ta�'.itc.ote or by ma[ting a direct
<br /> _= payatent to Borrower. If a refund reducu� �arincipal. the reductiv� �vilt be treated as a parti�t9 prepayment without za�;fi
<br /> -_ -- prepayrtt�nt charge ander the Note. � • . � '
<br /> =•_��,�� 14.Notfces.Any notice co Bonbwer ptovided for in this Sea�rity Instramena su�,!t be given by delivering it or by mailing .
<br /> ___-___= it by first class mail unl�ss applicable lacv requires use of another meth¢d.The aot�ir�;�hall.be directed to the Property Addr�S�
<br /> __ __— or&ny otlier address Borrar�er desiga�tes:Fjy notice to Lender. An�,ir�tice to�iiQer.shall be given by first class�ti}�it�:�' •
<br /> --�:� � 'Lendes's addr�ss stated herein or any aHier�address L,cnder desi `
<br /> _—__"� gnates'$�aotioe eo Borrower. My noSce pr+�vided for in iliE�"
<br /> __u.�==s:� Security Instrument shall be de�aed tb A.�ve bcen given to Sorrower or l.ender whett.�iven as provid�ed in this para,��►�aph.
<br /> �-�'`�'_-� . 15.Govemlttg Ir.�w; �eq,�billty. .7'his S�c,vrity �i�strument shal! 6e avemed
<br /> _•,,'��,�•�';. g bY federal 1aw aad:yia;,9aw of the
<br /> ---__�� jurisdiction in which the Prop�iqy is locatad.In the event'that any provision Ar clause of this Security Insmuitrait or ttte Note .
<br /> --��."-.�;, � oonflicts�vith applicable law.such wnflict�fiall not.affect other provisions of this Security I�utrumeat or the Note which pJt�tc�;_.
<br /> �-���-`"--�. given effeet without•the oonflicting'piovuiqit.To this end the provisions of this Secvrity Insuument and tAe Note are dectattul;;.:•. ,
<br /> — -—- ' to bc severabie. " � ' �
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<br /> - ='".-;�!`f� 16.Bomn�er's'Copg.,flh�trower sha11 be given one confora�ed capy of the Note and of this 3eourity lnscrument. 1 ?��'I' � '�� —
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