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<br /> paymentR may no IanRe�be requi�pd, �t t�:,aption of Lender.if mongu�e insuran�e ccwcrotgc lin�he vnx►unt and for the periad
<br /> that LeMkr rcquirca+l p�vidod by an �tt�}I'�t wpprov�d by L.ender a�oin becumc�avAilable u�d is obwined. Borrowe�slwll poY
<br /> the{ttr�rdunn n�quired to moint�,m�i�ls,iucurance in e(fect.ar lo provide a loss reservc:,until the requiceme�u for m�ut�e
<br /> insurYnco ernls in uccordarK�e wilh�Y.�Ite,pn�recment betwcen Borrower a�xl Lendcr ur s�pplicablc Inw.
<br /> — 9. Ia�pecfiltw. Leoder oe its pge{M�ta�.nwke rc��able cntrks up�n and inspectians uf thc Property. i.arier sdall give
<br /> = Borrowcr nwic�at the�ime of ot�ttiqr qi�n�p`pection cpecifyinQ reaco�wble��auye for the insp�x;tion.
<br /> ��� Cood�plqWbo, The prc�aada pf qn�+, uwiud nr claim far dsu�es,direct or cancequential. in connocpon with any
<br /> Q__-=---- °-; rnnetemnat�nn ar other talcing��f Auy ptut Ot'iht Property,or for ecxweyunce in lieu of condemn�+ttian. ure hereby assi�rod and
<br /> stwll ba paid to I,.ender. �
<br /> � - In the even{uf a total wlj�of the Pmperty.�hc pracoeds shs�ll be npplied to the sums se�ured by this Socurity Instrument.
<br /> -�� whether or not t�en due. wi�!► q�►�,�x�,YSS paid,4u sorrower. b thetwent of a pa�tial taking of the Prapeny in which�he fair
<br /> -� msukM v�lue��i�he Praperty irn�[�pdi�te�y befor�ti�.tak,ipg �a equal to or greater tlwn the amaunt af thc sums secured by this
<br /> -c ---�-`,-� Security It4cuumFnt immediately lxfore thr W�cing,unt}�r Horrower and Lender otherwlse agree in writing. the sums secured by �
<br /> this 5cxurity It►s�trument shall be rcdtupd by the amou,�l,!�f the praceods multiplied by the following fraction: (A1 the toWl
<br /> anwunt of the sums securecl immGdlat,g�y.t�eta�G_th�tafc���,divided by(b> the f�ir market value of the Property immediatcly
<br /> -'°"°"�"�""�7 befare the talcinR. A�y balwrce sh�ll be paid tU Born�wRr; in the cvent of a partiul taking uf the F�opercy in which the fair
<br /> �-,::� market v�luc of t�e Propeny immqcliatqly t�efore�h�u�Cipg.jc less�ha�the wnount af the sums secured immediately befare the _
<br /> � taking.unleas &►rrower end Lenckr ahawisa ugree in pyritiqg or unless applicable law otherwise provides,the praceedc s6aU
<br /> � be�pplied to the�ums secureJ by this Saurity lostrumcnt}�•het�er or rx�t the sums are then due. _
<br /> �-__;.,� �f the prope�ty is abandonql by pomowcr. or if,uft4�np�i��e by L.ender to Bormwer thst the condemnor offers to ma�:e an
<br /> -----_,;,� award ur settle u claim for danw$ec� Borrower fail4l� le�q�+d.to lxnder withio 3Q days nfter the dare the notice is given, _
<br /> —�_;�;`:., Lender is au�hadzed to callect and ap�ly�he prc�eais.at i��pp�ipn,either to rcstomtion or repai�of the Property ar w ttie sums
<br /> �;�n`�': "� sccurcd by this Security lnsuurncn4 whnher ar�at,then due.. -
<br /> -='-"+�•_"' Unless I.ender wui BoROwcr atherwisc Agr�e in wrilin�,.uny applicution oP prace�ds[o principal shall not extend or
<br /> —__=-_•'$`�. postpone the due daue of the monthly payinents referned tn in p�r,,�rAphs I und 2 or change the amount of such payments. °-
<br /> �..�,�"�;��� U,Barrowc�r NM Releareds Forbeat�nce By I.ende�',Not.p Ws�iver. Eatension of the time for payment or modification
<br /> �"�''"'�"" af amottization of the sums secured by�his Security IastrurtKpt$raNecl by l.ender to any succescor in interest of Barrower shall
<br /> " _:?�=- not opert�te to relwse the liabiliq�of thcoriginW Rnnqwer or Rorrowe�'s suc�essors in interes�. Lender shall not be required to
<br /> �..+�';_�F`'�•° cammence procoedings uQainst any successor in interest or refus�ta extend,t1me for paymen[or athernise modify amortiu�tion
<br /> ��'��`''�`' `� of the sums secured by this Security Inslrument by rea�►n qf uny demurul made by the original Borrower or Bortower's
<br /> --�:��i���; �' successon in i�ten�t. Any fbrbuuance by I.ender in eaercisiq�any right o��medy slwll not be a waiver af or preclude the
<br /> -_".`;;.�.�`v�,«'�:+��_ txen'ise��f nny right or remedy.
<br /> - _ _:yx,._ IE. Suocess�on�and Assi�as Bouad;Joint and SeverAl Liobilily; Co-signe�s. TF�c �rovenants and agrcements af this
<br /> `�I�J------ Security Instrument �hall 6ind und benefit the cuccecson und Assigns of L.ender anJ &,rrower, subject to the provisions of
<br /> '�-=`^"�r'•:•••• � paragrnph 17. Barrower's covenants und agr�ments Khul� .be joint tuid sever+�l. Any Borrower whu co-signs this Socurity
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<br /> ;_;�. Instrument but does not ex�rute ihr Nate: (u1 is ca-signin�„Ihis Security Insuument only to mongoge,grant and c�nvey that
<br /> �--- . Borrower'c interest in the PnipeRy under thc terms nf this.�urity Instrument; (b)is nnt personally abligute�l to pay thc aums _
<br /> ��.�� secured by this Securiry Insuument:und(�:)agrcxs th�t I..ender and any other Bormwer may ngree ta extend,modify,forbesu or
<br /> m�,-_,-�� � make any accommalatians with regard�n the�erms of this Security Instrument or the Notz withaut�hat Borrower's consent.
<br /> 13.I.a�n Chaiges. If the loan sctured hy this Serurily Instrumen�is subject to u law which sets muximum lo�n charges.
<br /> � w�d that law is finally interpreted w that the interwt or Mher loan chnrges collected or to be collected in connection with the -
<br /> .�"�"'��� .. loan exceed the perniiueJ limits. �hen:la> any such Ic�n churge shall be reduced by the:umount necessnry to reduce the charge
<br /> r�;_;_,.:�., . tu the permitted limit:and fb) any +ums alre.ady coller.ted from Borrower which exceeded permitted limits will be refunded to
<br /> - • Borrower. Lender muy chua+e to make this refund by �ciucing �he princip:d owed unckr the Note ar by making a direet
<br /> =�;��__,,:�,; Payment to Borrnwer. If u refund reduccx principal. the�.redudion will he treated as a partiul prepayment without uny
<br /> °-`n b• PrepaYment charge under the Note.
<br /> ��-, • '°�.�~ 14.Natic�.Any n�itice tu l3orrower prnvidc�l for in thi�►.,'4ecunry Instrum�:m xhall begiven by delivering it or by muiling _
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<br /> � F' -- p " it b first clws muil unles�a hcable law r uires usa of an��ther methoJ. Thc nwicc.rhal l be direrted to the Properry Address -
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<br /> ,,�s' ° ....•._ or uny other uddrexs Borrowc:r design�we, l►y notic�s to l.ender. Any notice to LenJer ahAll be given by first cl�.ss muil to
<br /> `�x��;�'����'='' Lender's address stnted hcrein ar uny dh�r•rdd�e,rs l.enJer designateti hy n��tirc to Borrower. Any notice pmvided for in this -
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<br /> �` �'�;�� Securiry Instrumc:nt shull be deemed tu have bean given to&�rrower or l.cndrr when givcn ar provided in thic par�grrph.
<br /> ��''. `� '=~ � 15.Governing Law: Seve�biHty. Thin Secarity Intiln�mem �hull be governeJ by f'�ler.d Iaw ;uNl the law of the
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<br /> -.., jurisdiction in which the ProFerty i�. lau�ed. In ihe event that ,�ny pruvi�ian or rlaux:uf'�hi� Sccurity lnstrumeot or the Note
<br /> '•�����'�`� conflicts with upplicuble law, ,uc„con0let 5ha11 not affcct uthrr pruvi�iom af�his Sccurity In,trunknt or the Note which r:ui be
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<br /> • , given effecl without the cimiliaing provisinn. �'o this end the pn�vi+ium uf this Securi�y Instrument and the No[e are declared ��
<br /> ., , to be severable. =
<br /> ., �. �. 16.Borrower's Copy.Borrower shall t+e�tivrn�me c��ntixmrJ c��py uf thr Nutc and uf thi�Suurity lnatrument.
<br /> ' � Form 30Z8 9190
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