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<br /> payments n►uy co ltstsger�regnlm.d,et the ontion of I.ender, if mortgage Insuevice�cAVCrage(in the amount and for tlie pcelad �;__
<br /> that[.end�r requlres)provided by an insurcr approved by Lender agaln bccomes uvaliable ano is uLtained. Earro�ver sh�ll��ay �:_
<br /> ihc premiums requirul t�ii�als�tain mortgege insurancz in cifcc�,or to provida a loss re�crvG,until the requirement for murtgnga ��,_
<br /> insurancc ends in accorclencc with any written a�reement�etwecn Borrower and l�nder or appltcable law.
<br /> 9, ics�x:�iLa:�.Lcndcr or its agent m�y mAke reasonsble entdes upon and Inspectians of the Property. l.ender shall give �� :;
<br /> Etorrower notice at the dme of or prtor to an inenecdon apecifying reasonable cause for the inspection. _
<br /> 10. CondemnAtton.The praceeds of any award or clain� fnr damuges,clirect or consequential, in connection wlth any �__
<br /> condemnallon ar other taking of eny part of the Property,or for�onveyance in lieu of condemnatton, are herehy assigned und �_
<br /> shall be paid to Lender. '
<br /> In the event of a rotal taking of the Propeny. the procads shutl be applteA to the sums secure,d by tids Security In�uument, _
<br /> whethsr or not then due. with:u►y ezccaa paid to Borrowor. in the event of a partial takiag of the Pcoperty in whtch tho f�ir _
<br /> market value of the Property imnsediat�ly before the taking is equal to or greater than the nnwunt of the sums secured�y this �
<br /> Security Instrumcnt immediat�ly befores the taking,unles�Borrowcr and L,cnder otherwisc agrce in writing,the sums secured by
<br /> thts Security Insuument ehall be reducc4 by the amount of the pracads multiplied by ¢he following fraction: (a) the total
<br /> amount of the sums secured imracdiately beforc the takiag, dlvided by (U)the fair market value of the Property immediately
<br /> befora the taking. Any balance shall bc paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market value of the Praperty immediatcly before the taking is tess than the amouat of the sums secuml immali2tely before the
<br /> taking,unless Bonower and l.ender othen�vise ngrec in wtitiug of ualess applicable fau othern�ise provides, the pra:eeds shall �
<br /> be applicd to the cuins secured by this Securlty insnument whether or not the sums are then due.
<br /> If the Froperty ie abandoned by Borrowcr.or if.aft�r netice by Lendcr to Eorrower that the condemnor offcrs to make an
<br /> awatd or sttde n clafm for �damages, Boaawer faila to respond to Lend.e.x within 3Q days after thc date the notice is givca,
<br /> Lendor Is authoriud to cqller,t aud apply the procoals,at ita optton,cither to restoration or npair of the Property or to tl►e svms
<br /> secu►r�d by this 5ecurity Instrument�whother or not then due.
<br /> Unler.s Lender and Borrowcr othenvise agree in writing, any application of procetids to principal shall not cxtond or
<br /> �sostpone the due date of tha monthfy payments referred to in paragraphs 1 and 2 ar change the amount of sr.ch paymcnts. _
<br /> 11. Son'uxer Not Rdeased;Forbearaace By I.ender Not s Waiver.Eztension of the time for payment or mod[Rcatiou
<br /> of amoni7ation of the sums secured bY this Securlry Instnu�ent granted by Lepder to any successor in inteiesc of Borrower shalt
<br /> not operz�e to nlease the liabilitp of the origiaal Borrawer or F3�nower's successors in interest. Lender shall nat be tequired to
<br /> comt�aence proceetlings against any sucasso�i�,u,te�w-t zr r:,a.�ta�xt�ts!l�ms f^r�-'Y'�--"-'Ilt nr pthenvise madify�tnortizgtion
<br /> of��y�� ��nd by thi8 Security Insuument by reason of any deman� made by the original Bonower ar Bai`c�ower's
<br /> succ�s.sors in int�rest. �Any forbearanco by Lender in exercising any right�r nmedy shall not be a waiver of or preclude the
<br /> ewrcise of any dght or remedy.
<br /> 12, guceGCSOrs and Asstgns Bound; Jolnt and Sevr_tal Lisbflity;Co-stgnen9. The covenants and agramenta of this
<br /> Securiry Instnuneut shall bind and beaefit the sucr.�sso�and assigns of Lcnder and Bonower, sabject to tlie ptavisions of
<br /> puagr�ph 17. &,rrawer's coveaants and agreements shall be joiat aad several. My'Bnrrowar who co-signs ihte.Security
<br /> Inssxument bui does not exesute the Note: (ay ia co-signing this Securtty Iusaument only to mortgage, grant and convcy thgt
<br /> Borrower'a intec�eat in the Paaperty under ttse torms of this uecuriry Insaument;(4)is not personally.:obligated to pay the sums
<br /> secured by this Sec►ulty Insuument;and(e)agrtes that Lender and any other Borrower�nay tt�roe to eMend,modify,forbear or
<br /> malc�u►y ac�;ommodations with regard to the ternis af this 3ecurity[nstrument or the Nota without that Borcower's consent.
<br /> 13. Loan Cturge�. If the loan secured by thls Sxuclty Lnsuument is subject to a law which set�maxtmum loan chacges.
<br /> u�d thu law is ifnally intarpretal�that the in3erest or other louu chazgea collected or to be coliceted in conaection with the
<br /> 10�[L OECGGd�1C()C[U1I[t0d llfNtf� WCII:\aJ AIIJ�S4lII 1VALL 1iU111�G D1fYCi`vi.iwv:��••'h•^'^^••^s n�.vcaani tn rrtltt�e,fhC Chu'H!
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<br /> io the permitted limit; and(b)any sumv already collectod from Borrower which excaded permitted limite will be refunded to
<br /> Aornower. L.ender roay chooso to m�1ce this refund by reducing tt�e principal owed under the Note or by m9ldng a dirxt
<br /> paymcut to Borrowor. If a xeft►nd reduce.v principal, tli� reduction will 6e treatai as a partial prepayment witliout any
<br /> prepayment chuge unAer the No.e.
<br /> 14. Notices.Any uotice to Borrower providxd for iu thla Sxurity insuumeat shall be given by delivedng it or by mailing
<br /> it by first class mall unless applicable law requi�rs use of aaother method.The notico shall be c1lreGtal to the Pmpony Address
<br /> or any other addreas Borrower desigaates by notice to Lender. Any notioe to Lender shall bc givea by first clnss u�ail to
<br /> Leader's address stated herefn or aay other eddnss Lender designates by notioe to Borrower. Any notice provided far ia this
<br /> Secudry Instnu�ent shall be deemed to have bcen givcn to Bomower or Lendee when given as pruvided in Ihis paragraph.
<br /> 15. Govt�rning I.aw; Seva�bil(ty. Thns Security Instrument s?�till be govema! by fixiex�al law and the !aw of tt�
<br /> jurisdtctinn in which We Pwp:rty is loeated. 7n the event that any provision or clause of this Security inst:ument or the Notr
<br /> oonflicts with applicable l�w,such conflict ehall not affect other provlsions of this Sectu�ty Ihstrum�ent or the Note ivhich can be
<br /> given effect without the cunflicting pmvisioa. To this end the provisions of this Securiiy Instrument and•the Note are dxlared
<br /> to be sevem6le.
<br /> _ 16. Borcower's Copy.Borrower shall b�given o»e confom�ed copy of the Note and of this Security[natniment.
<br /> Fam 302A 9�
<br /> aIYIACM•CMS.0283.NE leli0p Waga 4 ot 0 Mitiai�
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