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<br /> that Ixnder rcyuires)proviikd b•an imurcr uppruvrJ by l.rndrr utiuin I+rruim. uv+�ilubla nnd i+��+hiuincJ. Nonuwrr,hnll pay 'r��;---- -. .
<br /> , , ' the premiums mquired tu muinto�n mort�tagc in�uranrr in cffc�t,ur�o proviJe a I�►,.rc�rrve.until Uu rcyuirrmenl litt murl�uE� -• - -
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<br /> in�umnce enJs in uccordunce wi�h uny wrinrn a�:r�emem F+rtweru Hurrowrr amd 1_cndrr�tt applicublr law. { ..�,�
<br /> .. " 9. InspecUon. Lende�or its ugcnt m•ry m�d:c r�uxunuhlr rnlrir�u(wm and in�:�x•clium iN'die Nra�xtly.Lcixlcr yh�dl •�,'�.w7r�±!���+��
<br /> ' give Bo�rower nn�ice at Ihe tirne of ar pri��r�o an inx�cti�m+�x:cil'ying reu�imublv cuur:c�I�►r thc in.�xcNon. '' '"'"''° `
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<br /> � 10. (;undemn�liun. TI�� pwcccd�of:ui7 aH.ird ur�laim fix d:►ma�,�s.direct o�r„m�•��urn�i�d. in rnnnrrii�m w i�h
<br /> uny condemnotian or other taking of'nny part oi'the Pn�perty.ur fur c�►nveyuncr in liru uf condemn;�tiun, nre hcrehy , ,,<<,•..q.._.._ •
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<br /> assigned and xhall be puid�a l.ender. , °
<br /> In the event of u tatal iuking ui�the Property,the pnx:eed� +hull Ix upplieJ ���the .um��ecurcd hy thi�Securily , �:-�t�'Fz�
<br /> � Instn�ment, whether or nw then due, with uny exces.puid to ���nower. In Ihe cvem of u paniul iui;in�t of�hr Pro�xrty in " _
<br /> �� which thc fs�ir murket value of ihc Prapcny immediutely beinrc thu tuking is cyuul to ur greutcr thun thc umount��f ihr sum+ •
<br /> � �ecured by this Security lnstrument immediutely before the luking,unlux���►rrowrr unJ I.rnder olh�rwise ugrce in wriling. •• _
<br /> thc sums scwred hy�his Securiry Instrument shall t+e reduccd h�- �ha umoun� uf the pr�kceds multiplicd by 1hc following .
<br /> fraction:(n)�I►e tatal arnount of the sum+srcured immediutely l�foM thc taking.JividcJ by Ibl thc tair murkct valuc of the
<br /> ;;_ . Property immediately beforc the taking. Any balimce shull Hc pnid�o BoR��wcr. In thc event id' a pahiul laking of thc _
<br /> Praperty in which the fuir marke[ valuc oP the Property immediu�ely befoR ihe tuking is ksx[hun thc umount of the.ums _
<br /> , �•.`�;r�• eecured immediately befara rhe taking,unless Bnrrawer and Lcnder othenvise a�erer in wri�ing or unlrss applicublc luw � . "�,� .
<br /> I�:''� , othenvise provides,the proceed�shall be applied ta the sums securcd by this Security lnvtrument whether or not Ihe sums urc
<br /> � then due. �
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<br /> !f the Property is abandaned by Borrower, or if,afler notice by L.ender�o Borrower that the condemn�ir nffers to k >., :,
<br /> muke an awnnd or settle a claem for damnges,Bormwer fails to rcspond to l.ender within 30 duys ui'ter Ihe dute tlx�notice ix # �"'°s=�'r°
<br /> ��•�,��, given,L.ender is authori•r.ed to collect and Apply the praceeds,ut its op�ion,eithcr to r�storation or mpuir of the Property or to , , ,
<br /> thc sums secured by thi s Security Instrumenl,whether or not then due. „
<br /> Unless Lxnder und Bormwer otherwise agree in wri�ing,nny applicutian of praceed,k�principal shull not extencl or 4
<br /> postpone the duc date of the monthly pnymenu referred to in paragraphs I und 2 or ch+inge the amount of such payments. � • � _.;:.;?;'
<br /> ll, Borrower Not Released;Forbearance By 1.ender Nat a Waiver. Ex�ension af�he time for payment ar .. '_,.,�—
<br /> madificalion af nmortizatian of the sums secured by this Securit�Instrumem granted by Lender to uny succesxor in �merest � ,�.'!�
<br /> of Borrower shall not opemte to release the liubility of the origmul Borrower ar Borrower's succeti�ors in imercs�. l.ender
<br /> rhall not be reyuired to commence proceeding�aguinst uny 4ucces�or in interext or refuse to ex�enJ time for payment or `��
<br /> '+` otherwise rnod�fy s�mdnization of the sums secured by this Security Instrument b� reu,an of uny demand mudc bp the -
<br /> original Borrower or Bortowei s successors in inlerest. Any forbeuronce by Lender m exercising any right ar remedy shull .�..
<br /> , not be a waiver of or precludc�he exerci+e uf any risht or remedy. � '�"'` '
<br /> 12. Successors and Asslgas Bound;Joint and Several Liability;Casigaers. The covenantz and agreements of this •'`��.�
<br /> � � - � Security Inswmcnt xhall bind and txnefit the surcessors nnd s�����ns of l�cndcr und Borrowcr. subi�ct to Ihc provisions af �'�?�
<br /> para�raph 17. Burcower's covenan�s und agreements shull be joint und severul.Any sorrower who co-signs Ihis Security
<br /> Instrument but dces not execwe the Nole. (a)is co-signing Ihis Seruriry In.trument only w monguge,gront und cunvey Ihal .
<br /> Borrower's intcrest in the Property undrr the ternis of Ihis Security Instrunxm:(bl is not penonally ohligulcd to puy thc sums _
<br /> secured by this Securiry Inurument;und!c)agrees thut l.ender und any o�her Borrower may ugree to ex�end,modity,forlxar or , . .�
<br /> , m�ke any uccommndations with regurd�o thc termti uf Ihis Securiry Instnimrnt or the No�e wilhout Ihat Borcower's con.em.
<br /> 13. L�wn Charges. If the lu•rn�ecured by thi,Securily Instrument i,,uhject to a luw which tietti muximum I��un r '
<br /> " charges,;u�d thut luw is finally interQreteJ so thut�he intere+t ar othcr loun rhurge�collec�ed or to be collected in connrction �'
<br /> wilh the loan exceed the pem�itted hmils,thcn:l•r)any such I��un chargc.hull tx reduced by tlx:umuunt necessary u�reducc � � �� ;
<br /> the charge to Ihe permitted limit;:+nd(h)uny sums ulreudy collu�cJ from Burrowrr which excerded permitted limitx will he 1 .
<br /> mfunded tu Borrowec Le►Mler muy rhaose to m•rke this rcfui�l by reJuring Uk principal owed under thc Nolc or by making u i , , !�
<br /> dircet payment 10 BorroWer. If a refund reduce�priacipal,the reductiun will tx irwteJ us n purtiul prcpuyment withaut any � -
<br /> prepuyment chargc under thc Note. ! •
<br /> ' � l4. Nolices. Any nuticc w Burrower provided 1'ur in thi,Serurity Instrumcm,hall txe�iven by delivrring it or by _
<br /> mailing i�by fint cluss muil unlesx upplicuble luw reyuires u+e of anothcr methuJ.Tlx nutice shull be dirccted to the Propen�
<br /> Address or any Mher uddress Bunower desiFnutex by notire tu Lender.Any nW ice 10 L.endrr shall Ix� given by first cl•rss ma�l ; ;
<br /> . to l.ender',address stateJ hemin or uny olher aJdress I.rndrr J�.ignutc�hy nutirr�o Burrower.Any natwc prc�vidcJ for in thi� j
<br /> Securiry Inslrument shull Ix deemcJ to havc 6ecn givcn tu B�xruwrr or lAnder when givcn as provided in thi+paragroph. �
<br /> IS. Governin�G Lew;Severabillty. Thi.Sccuri�y Instrumrnt shall Fx gnvcrncJ hy trderal law and thc luw of 1hr
<br /> jurixdiction in whirh thc Propc�rty ix I�xateJ.In the c��em th�t any provisiun nr clauu al'Ihi.Serurity Imtrumcnt ar�hc Notc .
<br /> cunflicts wilh.�pplicuhle luw.wch conflirt shall nut affrct uthcr provi�iunx of thi�Srruriiy In,trumrnt or the Nutc which can ,�
<br /> be given effect withoul Ihe cantlicting provision. To�hi.end thr prnvi.ions af thi� Srcurity In+�rumrnt and the Note are !
<br /> , declaredtu be�cveruble.
<br /> � 16. Borrower's Copy. Borrowcr shall bc Eivcn otk runfunnrd rupy i�t'Ihr Nutc and ol'Ihi� Sccurity lnxtrumcin.
<br /> � l7. Transfer oFthe PropeMy or a Reneficial Inlerest in ISnrruwcr. If all nr any pan uf Ihr Pro�xny or•rny intcrrst •
<br /> in it i��old or tramfernd(��r if u ixnetirial inler�xt in Burrnwcr i�s�ild ur�ransfcncd•rnd Borcuu•cr is not u nuwral penonl
<br /> without Lender's prior writtcn conxent.LenJcr muy,ut itti optiun,rcyuirc immedi:nc paym.nl in fuU uf all swm scrurcd F�y
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