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<br /> ._ �,.�. '-. � " p�yments rtuy no lon�er be tequircd.w the optioo of LunJc�.if moKQAyc inw�rncc�rovcra�e fln Uic�nount ww!fo�the perfod
<br /> �-�e-rT� that Lcnder requircr)providad by�n insumr apprpv.�l by I,.umt�r��ln b�xun�cs uv�ilablc+�nd is abwinod. Bwrrowcr chall pay
<br /> . tfk prcmiums rcquired ro mwntpin trwngugc in�urarne in eiftxK,ur tu providc L losr rcsrrvc.until thc rcquin�nent ior mort�a
<br /> -� �` iasurance ends in xc�rdwke wnh�.iy wriucn u�teement F►�,ween Burrower und Lendcr ur upplica6lc low.
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<br /> . ..,�� , g, Lcnd�,:�or itr ugcnt may mxkc rcawnvplc cnlrirs upun unJ intipccNons oi[he Propcny. L.cndor slwll Qive
<br /> ���:;;�•� Borrowcr not�a�t tlie[ime of or pr�w to an inkpc�:tion ap�xifying rc�n�blc cau;c fur thc inspcctiun.
<br /> •�r` � 10. Condemaatbn. The procesdc uf uny uw�uJ ur claim fur Junwges, diroct or consequemial, in ��nnectfon with any
<br /> - condemnation or othcr laking of nny �n�t oi�hc Aroperty.ur for rnnvcyunce in licu of condemnation,are her�eby assi�mod and �_ _
<br /> � �hall be paid to Lender.
<br /> �' -�� '' �`�` - In the event of a towl tnking uf the Property.the prixe�.x�sFwll tx:uppii��i ro thc sums sccurcd by this Scru�ity Instrument,
<br /> �����' w�r or nat then due, with any cxccsr paiJ ta Surcowe+�. in the evcnt uf u p:irtiul taking of the Praperty in which the fdr —
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<br /> �:,��.,x market value of the Property inunediately bcfove thc tnlcing is cquul ta��r grcatcr than the stnxwnt uf thc sums�ecuroal by this
<br /> � �4� Securiry laurument immodiutely before thc taking,unless&�rruwcr and Lender utherwise agree in wdting,the sums secured by
<br /> � -H:=:.;==.:�: :'' . this Securiry Inst�nt shall bc reduced by the am��unt of the prarceds multiplied by thc Pollowing fractiun: (a) the total _
<br /> , = s-.. amaunt of the sums secvred immcdiutely before the takin�, dividai by(b1 the fair murkc[ value of the Propen� immediotely
<br /> -��= befote the ta{cing. Any balancc+hnii �x: paid ta I3ana�•:r. Ia the event of u partial tsilcfng oP the Properly in which the fair
<br /> '�' ` market value of the Property immecliatcly befarc�he takin�,is less th�n thc amuunt of the sums secured inunediately before the
<br /> ������ ^ ���„ taking,unless Borruwer and Lender whriu•isc a�c+ee in N�riting or unless applicable Ipw otherwise pmvides.the proceeds st�ll
<br />-'�'�;,,4;,�,�;,,,;�.,;: be applied tq the sums secured 6y this Securiry Instrument whether or not the sumK ure then due. _
<br /> If the Pnopecty is abas�doned by Borniwer,or if,ufler n�Hice by Lender to Borrower that the mndemnor offers to make an e_
<br /> �� - � -� � � award or sett�e a claim fos d�mages.Borc�wer fails to respond to Lendcr within 30 days aher the date the notice is given, `_
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<br /> � a`. Lender is aWthodzed to coil�tt and apply thc pmcecds,at itK option,�ither ta rcslorntion or repair of the Property or to the sums ""
<br /> � - secured by this Security Instrumcnt, whcther ar not then due. _=
<br /> � � � Unless Leider and Borrowcr wtkrwise ugrce in writing, any applic�tion of praceeds to principal shall not extcnd or �.:
<br /> postpone the due date of the monthly pnym.nts refened�u in par�graphs 1 and 2 or change the amount of such payments. °°°
<br /> � �'�' •"�` ' 11.Borrower Nat Rale�sed; Forbearpnce By l.endier Not A Wplver. Extension of che time for payment or modifica[ion =_
<br /> �� - � u'�5' af amorti7ation of the sum�secured by tl�is Security Insl.rument g�+nted by Lender ro any successor in intemst of Borrower shall
<br /> " , not aperare to release the 1 iabilit}•of'the ori&inal Bc�RUwer ur Borrowcr's sucressors in intcrest. Lend�r s!:w�!.^.ot be required to =
<br /> ��'�.��,„ , commence proceedinga against uny su�r�s.5ur in intcrest or refusc ro extend time for payment or aherwise modify air�ortization
<br /> h of the sums secured by tbis Sccurity Instrnmcnt by rcawn of uny dcmand mude by the original Borrower or Borrower's .�
<br />= _ �� successors in interest. Any forbearance by l.ender in�xercising uny right or rcmedy shall not be R waiver of or p�rclude the � -
<br /> — -'..:: =� ` • eats+rise of any right or re•ne�Y =_--
<br /> � '`` 12. Suceessors and AssiQn.g Bound.;Joint pnd Several Livbillty;Casigaers. The cov�mants ond agreements of this
<br /> �� Seruriry Instrument shall bind and ben�fit �he succcswrs and as+ignx of L.ender und Borrower,subject to the provisio�u of —
<br /> .<• �` paragraph 17. Bonower's covennnts und u�reemcnts shall hc joint and sevcml. An� Borrower who co-signs this Security
<br /> ` Instrument but daes nat exa�ute Ihe Nc�tc: (al is��crtiigning thia Seruriry Inst�umcnt only to mongage, grant and convey that -
<br /> • � Borrower's interest iu thc Propeny und�r thc terms uf thi�Scrurity Instrument(b1 is not perwnally obligated to pay the sums
<br /> � secured by this Security In�rument:and�:)ugrces that l.ender und uny other Borrower may agree to extend,modify,forbear or �� ,
<br /> �. make any arcommodations with rcgurd to the tcmis of this Seruriry Imtrument or the Note without that Borcuwer's consent. `'''��
<br /> � � ' 13. Lo�n C6wt�a.w� If the loun�rur<d Ny Ihis S�:writy Iminimcnt is subject to a law which sets maximum loan charges. ' !
<br /> �� ' and that law is tinully interprcted tiu thut�he intc�cst ur other luan rhurge� cullec�ed��r to be collected in connectiun with the
<br /> ": loan exceed the pertnitted limits,then: (al uny auch I��un chargc shall t►e rcJured by the amount necessary to reduce the charge �;;�_
<br /> . .,,q,:, : to the permitted limit;and(bl any �umn ulnudy collected fn►m&�rruwcr whirh exc���ted permit�ed limits will be refunded to `�4'
<br /> � ' � '' � Borrower. l.ender muy rhaoi;c lo makc thi. refund by reducing thc principal owcd under the Note or by making a direct ��
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<br /> payment to Bonower. If a reiund reducez p�{nripal, thc reduction will be trcateci us •r pani�l prepayment without any �-�
<br /> ��� prepayment churge under the No�c. —;..
<br /> � ' . � 14.Notices.Any notice to&�rcowe�providw�d fi�r in thi+ Security Instrunxnt shall b.:given by delivering it or by rnailing `�°'
<br /> X " it by first class mail unlehs applicublc law�cquirc.uk of•ruothcr meth�xl.The n�xice shall be directed to the Propeny Address .
<br /> ' or any other addRSS Borrower desidnatr, by n�xire tu L.emicr. Any n�nice�o Lender sh�ll be given by first class mail to
<br /> � Lender's uddress stated hercin or uny nther:►ddres� l.cndcr dr.ignatc+by noticc to Borrower. Any natice provided for in this �R_
<br />_, Security Instrumcnt shall be d��cmed�o huvc t►�cn givcn to &►rrowcr or I.cnder when given a• providod in this paragruph. ____
<br /> • I5.Governit� I.aw;Seven�b111ty. Thir Scrurity In,trum�:nt �hall bc F��vem�d b�• fcderal Iaw and thc law oi the '
<br /> � jurisdiction in which the Propeny i�kx•rtui. In thr c�•rnt thut uny pmvi,iun ur cl�usc uf thi� Security Instrument or the Note �,�
<br /> wnllicts with applic:�blc Is�w, wch confli�c shull n�it ut'fect uthcr provitiiom uf�hi,Serurity Instrument or the Note which cun be �
<br /> ' given effect withnut the r.wllicting punfsion. To�hi,enJ the pr�►viriun.ot'thix Secunry Inatrument and the Note are declared
<br /> ,, to be scvera6lc.
<br /> 16.Borrower's Copv.Barn�wcr�hull Ix givcn un►�conl'ornxKi copy ot'thc 1`otc c�nJ of this Sc:curity Instrurtxnt. .
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