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<br /> _'��- , -, `� np - bc � ��ed.at tbe aptioit oi ia�der.if mort�ge iasmranae anvaage(in th��anoupt and for the paiqd�� � ��.
<br /> Pq�*�Y � �
<br /> � tlrt I�endei t�riresl pinnvidod 6Y an ins�trer�PRwed b�►L�der�eia booames ava7abte apd is dxainea.Batowa slulR py �
<br /> Ihe Piemimes rnquired,to m�inain tnartp�e iaw�ee in effect,or w pcovide`a toss ersave.wuil the�equiremer�fur mart�e `
<br /> iirun_r�oteads in a000NaeQe�vitb aay writtta aaree[nait betw�eee Bortawe��ad ltnder or appiicabk ls►w. _ -- -- - -- _ -
<br /> ---- — -- � --__ ._ __ y _ _....._--_ _._._-. - _ -
<br /> ` Bomu�tr nntke atthdiime of nr prso—r-i"o an inspection�ecifying�eawtubte cause for ttu inspoctioa •• - � �
<br /> � _ 10 C�d�o�.'�l�e p��ac�eods of any awud or ctaim for damages. dircct or oonsequential.ia copnection with any
<br /> . oo�dac�or d6er taking of aay put of the Propercy,or for rnnveyance in tie�e af oonJertu�tion.-u�her±eby�sigood�1d
<br /> :al�st!be p��a E.arler. -- : , � �. � ..
<br /> In tLe evait o[s Wt�l'talcin8 of the Property.iC�e pmceeds sball6e apptied to the swns savred by this Secnrit}r Is�saua�ac.
<br /> �rl�etfxr pr nnt thm duc.w'ith any exass paid tn Bormwer. in.t6e event of a Qattiat tatciag of the Pmpeity in whicb.the fur ' ,
<br /> muket value of the Property'iaunediately 6efore the t�ing is oquat m or g�eater tl�a tf�e amaan�of tLe sums secarod by this
<br /> � Sayritjr tt�trutoent.immed'�tety before Wc tatdng.uNess Bornawer�d Eeeder athecwise agroe in writing.the surns secuted by . .
<br /> this Savriry Iast�umeat shwtt be nedu�xd by ti�e amonnt af t6q proceods auiltiplio� bY tTie foltowing fracaan: (a)the totet
<br /> = 9mo�mt of tt�e sutas se�vrrd immediately befoce_the talcing,divided by(b)the fair markct value of ihe PrvpeRy ima�ediatdy
<br /> befo[�e the t�king.Aay b�t�noe shall be paid to Borrowu. In tho Fvent nf a pazti�l takirfg of the FropeRy Ia wl�ich the fair �
<br /> matket value of t6e Property im�nediately 6efore the t�ing is less than the�muuat of the sums secured immed�iately beforo the
<br /> - t�Idng,unlesv BoRavrer aad Lender otherwise agm in writiqg ar unless applicabte!aw otherwise provides.the,praceeds sl�il �
<br /> -- be apptied m the smns sa�ured by this Sxurity I�t wbelher or aot tlx svms arie ti�en due. -
<br /> = If the pmpaty.is abandoned by Bomuwer.ar if.after notice by I.ender to Bartower that tl�e coademnoi'offers w inatce an
<br />- - awud or settle a ctaim for dunages. Bormwer fails to respond to L�erder within 30 days aRe�tbe date the t►ot�ce is given. ,
<br /> . Le�der is authoriu3 w coUert and apply ttu procads.at its option,either m restoraaon ar iepaQ of the Pruptcty or ta tbe sivac
<br /> _-_ - savned�y ttis Searity insauitiau,wt�ether or nat then due. .
<br /> UWess Lender u� Borcrnwer M1Krwise agnee in writing. anY $PPlicuion of proaods to principal shatl not e�ctend or
<br /> _ postpaie the doe date of�he moruhly paymaia referred to in parrgraphs I and 2 or change the amount of such�ymeats.
<br /> -- - . U.Horto�ree Not Released;FoeDarnnce By Leader NM a Ws�[r�:Fxtension of the time for payment or madifccation _
<br /> of amortiz�tloa uf the sums sxured by this Security Instrument grantod by l�der to any succ�ssor in interest of Borrawer sUall �
<br /> -- Ilp��C�Q[EIdISC tI1G I18NIIf[�f O�u1C 0i�$tt18�BOifOWCi UF B(1[NWCf'ss�oces.wrs in iaterest.lcader sLali not be required to --
<br />'T' : oome�nee pcoceedings against any successor in interest or refuse to eatend time far payment ar otherwise modify amortiration =`�-
<br /> �a__
<br /> of the svms securod hy Wis Secuciry Instrument by reasan o€any demaz�d made by the ariginaf Bonawer or Borrower's �-=-..
<br /> .� successors in imetzsE.Any forbeararice by Lender in exercising any rigtit or remedy shall not be a waiver of ar prerlude the ��
<br /> m ar c g
<br /> exacise of auy rigietor�mody. ��'�"�'-
<br /> . 12.Sae6e�ois aad As�gns B000d:Joint and Sevecal Linbilit9. Co�ignas. The covenants and ag�eetnents of this `2��'''�=--
<br /> , Sect�rity Iastr�ma�t shall bind and beaefit tUe successors and assigns of Lender and Borrower, subjoct to the provisions of - __�-�
<br />. , paragragb.l7. Borrower's covenar�ts and ageements shait be joint and several. Any Borrower w1w co-signs this Security �_�=�-
<br /> 0 S
<br /> . " Ir�t�t bat does not execute the Note: (a}is eo-signing this Security Insuum�nt only to mortgage,grant aad convey t6at =___
<br /> Bor�+nwer's interest dn the Prapetty uader the terms of this Security Instrument;(rn)is not personally ohGgated to pay the sums =_-__
<br /> r�` sectued by this Security Instmment:and(c)agrees that l.ender and aa►y other Borrower may agree to estend.modity.forbear or �'��..�.-
<br /> � malrearry accommadations with regard ta the terms af this Security Instrument or the Note withovt that Som�wer's consent. -;;�`��'
<br /> . '•� • !3 Lopn Char6es.Tf the loan secured by this Security(n.strument is subject to a law which sets maximum loan charges, ,-"_-•'-`"'--��'.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or ta be coltected in connection with the _-
<br /> • ' toan excead the pernlitted limits.then:(a)any such loan chazge shall be redneed by the amount necessary to Teduce the charge - -_
<br /> to the permitted Glirit;and(b)any sums already collected fram Borrawer which exceeded permitted timits will fie refunded to -. - __
<br /> Sornamer, l.ender may choose to make this refund by reducing the principal uwed under the Note ar by making a direct ; . __
<br />: ;,. t . pay�� to Boaower. if a refund reauces principal, the reductian wiil be treated as a partia! prepayn�ent withaut any . � __
<br /> , � ; prepayment charge under the Note. �
<br /> - I4.Notices.Any notice ta Bar.ower prove3ed for in ihis Security lnstmment shall be given by delivering it or by mailing
<br /> ,' ' it by first ciass mail unl�s applicable law requi�es use af another method.The notice shall be direct�d ta the Prapetry Address -
<br /> : � ar any other address Borrower.d�signates hy noticc to Leader. Any notirc to Lendcr shall be given by fir�t class mail to �
<br /> 1,ender's address stated herein or any other address l.ender des�ignates by notice to Borrower. Any naNce prorided for in this ,_ '"�'
<br /> Security Instrument shali be deemed to have been given ta B�irower ar Lendcr when given a�pravided in this paragraph.
<br /> ' 15.Goveraing Law; Severability. This Security lnstrument shalt be govcrned by federal law and the'l�w �f thc � :
<br /> -,t! .- Jutisd�etion in whiu!►the Property is lacated.In the event that any provision or clause oi this Secucity insirument or Ihe Nate , .
<br /> `: , .y�: ° •wnt�icas with a�pfs�ytc law.such�canflict shafl not affect other pmvisions of this 5ecurity lnstrument or the Note which can be ..�
<br /> ; � �"•�� ' gives►�'fect without the confli�ia3 provisio�.T�this end tR��provisions af this Securiry ln.irument and the Note arc declared `%�`
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<br /> . ,� to be severable. . ���
<br /> � -..,,. 16.Boerowee's Copy.Barrawcr sh�ll be given one canfartned copy��f thc Note:snd oi'this Serurity Instrument. • __._
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