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<br /> payments may no to�gzr D�required.at the option of Lectder.if mo�gage irssurance coverage(in the amount and for the pz�iod �
<br /> .� that Leud s requizes)provid�d by an insure�approved by ixnder again bECarnes available and is ol�taiaed. 6�rca�ver shall gay =_:
<br /> ° the r�miums uer�d to m�.iatain mort e insuranze in effect.or to rov�de a loss r�.serve,antii ttte uirement for�uort e ��
<br /> P �1 €� P �t � �e:=
<br /> iassirance en�s in aecardsuice with any�ara�itten agreement beriveen Bormvrer�Lender or applicable law. --�-
<br /> 9.[ns�sttoa.lsa,�ler or tts agent tn�y tnake reasonabie�uies upon and insgPCtians of the Property. l.ender shalf give �,.;
<br /> Barro�er rzo2ice at tI�tiffie of or pri�r to an insguxion specifyin�masonable cause for the inspection. �-�
<br />' 10.CcsndemnatIOn.The proceeds of any nward or cinim for damages, direct or oonseqa�ntial, in connecoion carith any �``
<br />' , ooademnadon or other taking of any part of the Progerty.or for conveyanoe is�lieu of oondemnauon,are hereby assigac�d and �
<br /> •��°. slu�116e paid to Leatdet. -- .
<br /> In tlze event of a totai talcing of the Propertgr,the prooeeds shal!be applied to the sums secured by this Se�vrity Listrumen�
<br />--�� whether or aot then due, with any escess paid to 8orrower. In the event of a partial ta�cing of tfie Properly in�vhich the fair
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<br /> . m�rket vatue of the Property im�n�fist,ety 6:f'on tiie ta4ing is�to or greater thz.�the amouat of the sums securrd hy ihis �.y.�
<br /> ` Seqtrity Instru.�tent immuv�i�tely�fore ihe t�n�.unless Barro�ver aad[�der ntlierwiss a�ee in writing,the sums secured by =�.
<br />- this Senuity Instniment shalD be eeduced by the siuount af the praceeds muluplied by the fallov�ing fraction: (a) th2 tosa! ���
<br /> amount of the sums secured immediatety-befare th�takina.divided by(b) the fair market vaiue of the Pcoperty immediateiy
<br /> . . ` hefore the taking. Any•3alance shal! be paid to Bomnwer. In ths event of a pariial taldng of the Property in which the fa'v �
<br /> mark�value of the Proprrty immediate]y befosa the t�ldn�is tess ttzan the amount of the sums secured immzdi�tely b�fore tise =..
<br /> ta�ng,untess Borsower and Ilender otherwise agrce in writing or unless appiicable!aw othenvise provid�,the prac�eds shall �.-_-
<br /> . be appiizd m the sums secured by this Securiry Instrument whetl�r ar not the sums an then due.
<br /> >,.;. IIf the Froprsty is ab3ndoned by Borrotver,or if.after notice by Lender w Borrower that th�oondemnor offers to make an i`
<br /> • award as seWe a claim for damages, Bo�rower f�ls to respand to Lender within 30 days after the date the notice is given, ��
<br /> • L.endes is authorizeci to call�t and appty the prooeeds,at its optia.n,either to restoration or ceQair of the Praperty or tu the sums
<br /> ;��.•� ser.vred by this Security Ynsuume�t,whethes or not then d�e.
<br /> .�f) UnIess Lr�'er and Hamnrrer otherwise agree in�vriiing, any agptiratios� of praceeds to principal shall not extead ar '�
<br />:AhhN' �y���e�e�3ate of the monthty payments referre�w in p�ara�apt�s 1 and 2 or change the a�ouns of sach Payments• --
<br /> - 11.8orru�er Not Reiease,�;Forbeaa►ur�e 13y LcndPr NmY a Waiver.F.��teusion of the tirae for paymeat ar modifcation ��'
<br />��� of amortiTation of tlis sums secured by t4�is 5eturity Irstrumcnt granted by Lender to any sucaessor in intemst of Borrower shall �%,
<br /> �•operate to release tAe fiahi!ity of the original Eomutivar or Barrower's succe.sso�iFC inte�est. LQnder shall not be requfred W y�-::�_:
<br /> ,��nce praccedings a�t aay successor in intemst ar refuse W extend time fa�psyment or oWenvise modify amortization �,�:
<br />•••:';• af the s�uns c�szd by this Serariry Instrament �Sy mson of atry ��u►and made by the ori�l Borrower or Bottower's __
<br /> successors in i�ittrest. l�ny fori�earance by Lender in exercising azry�'�t or remedy shaIl not�a wniver of or preclude the
<br /> exercise of any right or remedy.
<br /> �:• iZ.Successoss and Asstgas Bo�d:Joint aad:+�•�t�f U.'rJ'�sitiiq:�Co-slgness. The coveaants and agreements ot this �
<br /> � Security Insuument sriali bind and benefit tlie suvicessors;�d assi�s.of Lender and Borrower, subject to th�pmvisions of� ,
<br /> ;�,�.` parngtaph 17.:.'�c�rrower's coveaants and sgreemenu shall 6e joirs:m�� severel. Any Bormwes who co-signs this Sacarity '--
<br /> `,% lnstrument b�.�not execute the Note: (a) is co-si this �r Instrument onI to ,:_ - ' --
<br /> ..=�.s�� 8�S Y ���, 8��d oonvey t�at
<br /> ���� .`.Borrower's ust�in sha Property uader the terms of this Securitg f�*.:�znt;@)is not pe�s:���obGgated to pay We suras , Yi
<br /> _. ;_� noct?..-ed by this Seca�:t�y�it���ent;and(c)agm.es that Lender and any aiher Borr�awY�:c�ap r,���3 extend,modifY.forbear or �.
<br /> mz�i�e�any accomacndatissa¢v,:e�h regard to the terms of this.5ecurity Insaniment ax u',�r.'�^'.n.�;�wi����z.t�rowc�a consc-�w --
<br /> ":�'��� . . 13.Loan.�arges.lf tfre toan secured by tlris Seca�ity Instm�r�is su�ject to a ia�v wh:�'s.�s maacimnm taan char�, ___
<br /> ' �* and that law�:,fnaUy interpreted so that the interess or othcr toan d��es collected or to be ca'.r,��ced in wnnectlon arich t�:
<br /> .� �`. loan ext�cl c�:peranitted limiu.then: (a)aa3+such loan charge shal!be reduced by the amonnt necessary to reduce the charso •
<br /> to tfs�:p2rntitted limit;and(b)any swns already coltectad fram Borrower whish exceeded permittod limits aiU b�refunded to
<br /> ' ;;. Bvri'on�cr. LQ�may choose to make thls r�fund 6y ratacing the principal o«:r1 under the Nooe or 6y m3lung a direct �
<br /> paymen3 to.�,r�ra+�l�cr. If a xefund redaces principal: the reduct�an wi11 be �`,ed as a pardal prepayment without•anY... ,�.....
<br /> .�. P�Y�t dhi�r,g�,�inder the Note. �, � , : . .
<br /> � , :� 14.Noti�es:Any uatise to Borrower proovided fot in t6is Security�.rura�i.�anJ be giue^��d�tQVedn�g it or by maitlag
<br /> . �t by first c[ass mail ontc��;.t�qpticable!aw re�guires ase of�..�ther methfld.TI18 ilfSilf�r�bxll be 4irected to the Property Addrrss ���'�
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<br /> : �•f cr.�y uther addres�Bcrn�i�s designates by natioe Um ��a�er. Any notice ta L�:c3mn shall 6e given by tirst ciass mail to ,����'`
<br /> �.Qer`s address stated heriein or any other address Len�designate,v by notice c�r i�emwer. Any natice provided for in this __..
<br /> ..,��.;'� Securiiy IaStiu„'t�x�t shall he daemed to have b�n glven to Borrower ar d.ender when given as provided in this paragraph. '
<br /> ..;� 15.C�1r+uri�ng I.aw; Severa6ility. This Secuaty Insuument •�11 be govcmed by federal taw and We lnw of the .
<br /> ' j�r�i�,,diction in which the Praperty is located.In tRe eveat that any�yisian or ctai:se of this Security Jfnstrument or the Note `r
<br /> � � a,���icts with applicabls law,such conflict shall not affect r�zher pravesians of this�ecurity Instrument or the NaYe which can tse ��,,f -
<br /> � ' giveo effect v+ithoui the canfllcxing provision.To this end the pivvi�i��r6s of this Security Instrament and the Note are declared '�'"'��.
<br /> ,:��,,��;:" to be severaUl�, �
<br />,;;�:�'�-', 16.Eorr��vte's Copy.Borrower shall be given one confora3ed a�,�of the Note and of this�ocurity In�tniment. � � ��
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