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<br /> pa}n�.nts nuy nu lunger be tcyui�ai. :u tjK uption of Lxnclzr,if nwnb:�c i�t.ur;uicc cu�crag lTn the �nww�u r. . �xria.l _
<br /> tlut L.e�xkr r��uic�s)�ro�i.�i.�ci hy u�ti in�:urcr:�rasal by I..rtulcr aga�n t+erames a�•:iilable�ui isot�tainai. lic�rrower xtu�li{wy -
<br /> thc prenuun�rcyuireJ ta nuint�in nuuts:�e incur.ance in effect,or to pravi�le a los�rc�e��•e, until the reyuirem�t tiir nr�rt�,:t6e
<br /> i�uur.uxe cndc in;a:runi�ce with;u�y wriuen:�reentient betw•ccu Born�w•cr attd Letxler itt�pli�able IJK'.
<br /> 9. ��•.:tw. Lctw3,.r or i�c;�cnt nuy �i�::ri�o:.ablc entries upon uiu!ii�.s�tions uf the Prnpert�•. L.cnder stiall ei��e
<br /> ^---•- • . t_ • _ �inn.w.:F.' n 1�. u f.► h� ncw•
<br /> u�n�aiwi:i iiihi�i d�i�w ii�ir.OF�n —iiOi i��:J'i SI2::^'^ . !T^T'.$,`...:L:�.` �.r::`.. L � !... 1�n�•
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<br /> 1Q. Condetuusllat. The proc�ls uf ;uiy award ar cl.iim F�r danuges, dir�t or.o��.�c+�ucntial, in conneition with uny
<br /> cwxf:nuuiiun or�uher tal:inr of:u�y pan of the Property,or for�on�•eyance in lieu uf co�rlem�ution,:.re herc�y ;usigtx*41 and -
<br /> shall be paid so Le�cier.
<br /> In the e�•ent of a tota!tal:i��of ttx�Prc►�+erty. the prrxti•eds�hall he applicd to the wmc�ecured by thic S�xurit� I��.ctrun�eni.
<br /> w�hcther or nat tlxn due, wiih u►y exresc paid to 8c�rrawrr. ln the cvent uf a partial tali��of the Pm�etiy in w•hich the fttir
<br /> market value of the Propeny inuncdiatcly before the aal;ing is equal to or�rcater than the airuwnt of thc sums sccurcd by this
<br /> Security lnctrument imnxxliately before the t�i:ing. m�iess Barrower and Leudcr otherwise agne in wciting, the sums secured by
<br /> this Security 6utrunxnt sl�all be reduced by the amount af tlx proceeds multiplied by the fallowing fr.ution: (a) the total
<br /> amount of the suins securod inw�ediately before the ta{:ino, divided by (b) the fair n�rket value of the Prc�perty immediate{y
<br /> before the taicing. Any balznce shalt be paid to Borrower. In the e�•ent of a partial talcing of the Praperty in which the f�ir
<br /> market value of thc Property inunediately before the taling is less than the amount of the cums saured imnx�ii�tely before the
<br /> taki�,unless Borrow�er anl Lender otherwise agree in writing ar unles.�applicahle law othenvise pravides,the procoafs st�all
<br /> be applied to the sunu secured by this Security ia�trument whether or not the sums�re.th:n due.
<br /> If the Propeny is aba�xbnal by Borrou•er,ar if,aRer noticc by Leruter to Borrower tF�t the m�emncu offers to make an
<br /> awud or seale � claim for datn�ges, Borrower fuils to tespond tu l.eoder within 30 days after the date �.ie �tice is •iven,
<br /> Lender is authorized to colle,:i and npply the proceods,at its option,either to restorsuiw�or repair of the Property or to thc sums
<br /> secured by this Sacurity irssuument,whether ar nat then due.
<br /> Utiless l.ertider :.ni Ba�rower oiherwise agree in writing, any �pplication of procecds to principal shall not extend or� '
<br /> poupane the due date of tite m�onthly payments referrdd to in parrgraphs 1 and 2 or change the anaunt of such payments.
<br /> 11.Borrow•er Not Rele�al;Forbearance By Lender Not a Waiver.Extension of the iime for payment or modification
<br /> of aaiorti�atian of the sumc secured by this Security inurument granted by Lender to any successor in inierest of Barrowez�;hall
<br /> nw operate:o rele�se the liability of the original Borrower or Bottou•er's successors in interest. Lender s1�E0 nc�t be r�;uir�to
<br /> co��ce proceedings�,gainsi any successor in interest or refuse to extend time for paytr�ent or ahenvise modify anwrtization
<br /> of tho wms secured by this Security Inswment by reason of any demand made by the origioal Borsow•er or Bom�we;'s
<br /> successors in interzst.Any forbearance by Lender in ezercising any right or remedy sh�ll noc 6e a wai�er of or p�;a:�e th;
<br /> exucisc of any right or remcdy.
<br /> l2. Suacessors aud Asst�ns Boupd; Joiat s�Seveml LiaWlity; Co�as. 71se co�•eaanu an�agrcemenu of this
<br /> Security Instrument st�1L bind and benefit the succ�sson and accigns of Lender and Borrouer,subject to the provisions of
<br /> paragraph 17. Borrower's mvenazus uul agreemenu sl�ll be joint and severi]. Any Bcxtawet who co-signs this Security
<br /> Ir►swment's�stt does not execute the Ncxe: (a)is ca-signing this Security Instrument only ta enatgage. gttint �nd coaveg tt�at
<br /> B�rower's interest in the Property under the tertns of this Secucitu tnstrument;(b)is not pe�on�lly oblig3ted to pay the�mc
<br /> � se�,red ey tn�securiry�nswmene:aid(c)agraes tl�at Lender�aQ any ottaer tiorcower may agret to extetxl.modity.fos�tar ar
<br /> m�ke any aecommod�tions with regard to the tertns of this Security Tnstrument or rhe Note without that Borcower's consent.
<br /> 13.Loso C6arg�s. If the lo�n securod by this Securiry Iastr�umeni is subject to a law which sets maximum loan charges,
<br /> and that !aw is finally interpreted so that the interest or other loan charges collocted or to 6e collected in connoc.�tion wich the
<br /> loan exaed the pem'rilud limits. then: (a)any such loan charge sAall be reduced by the amou.-�necessary to reduce the c6uge
<br /> to the permitted limit:aad(b)any sums already collected from Borrower which exceedad peRnitted litnits will be refuntjed to
<br /> Borrowu. Lender may ci�oose to malce this refund by reducing the prineipal owed under the Note or by maicing a diroet
<br /> paYment to Borrower. YE a nfund reduoes principal, the rediu�tioo will be tm�ted as � panial PrepaYment without any
<br /> prepayment charge under ihe Note.
<br /> 14.Notkes.My notia to Borrower provided for in this Securiry Instnunent si�all be gi��m by del'nvering it or by r siw►g
<br />. it by fint clau msil unless�pplicable!Aw requires use of another method. '[7�e ratice shap be dirxtod to the Proputy�tcesc
<br /> or any other addre�s Borrower designates by notice to LetKler. Any notice to Lxnder shall be given by fi�st clau mail to
<br /> Lender's�ddress st�ted herein or any other address i.ender clesigc�ates by notice w Borrower. Any notice provided for in this
<br /> Security Instrument stull be deeir+ed to have be�i givea to Borrower or Lender when given�s pro�ided in t�►is paragraph.
<br /> 15.Gova93a�{ Law; Ser•era6ility. This Securiry Inslrument shall be govemed by federal law and the I�w of the
<br /> jurisdiaion in whic6 the Property is iocated. In the event that any provision or clause of this Sauriry IRStiucnrnt or tE�e Note
<br /> conflicts with applicabte taw,such oonflict shall n�t affxt other provisions of this Securiry Inurun�eru or tht Note which can be
<br /> given effeet without the 000flicting provision. To this end c6e pro�•isioac of d�is Seeurity Instrumnt and dx Note are declued
<br /> � to tx severable. �
<br /> 16.Borrower's Copy.BorroK er sball be giveu oae coaforsned cepy of d�e Kote aud of this Socuricy Insuunsent.
<br /> . Form 3023 st90
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