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<br /> ,� ' � ' " p�ymcntr mny nn lon�cr ho rcqufrcd,at tha op�ion of l�endcr. if nwirtgwgc in�urom:c cavcragc lin�hc am��uM und fur thc pc�fc�d _�
<br /> ,��' "'~,•",.. '•�' ' � th�� I,cmicr rcyuireH{pravideJ hy An in�;urcr uppruvrd by l.�nder aguin h�w�►nxs avAilablc und i�e�bluin4d. H��rr��war khwll My
<br /> !'�"'''"';' ,''•�'. • • " tho prcmium�rcquirod�n maintain mortgaga insura�x:c in el�fc�t,��r���pr��vide A lor�rerervo, until�hc requiroment for mari�{a�e
<br /> �'� • � • Inruronco endx in oca►rdonce wflh uny wrf��en ag�ccmem tk:�wa:n B��rr��we�and l.cmier��r upplicublc luw. -
<br /> � 9, l�wwpectlon. Lender o�i1w ugent moy muke reusonuhle entrics up�m and inspcctione oi the Property. Lender ahwll �ive
<br /> � �, � ar : � Barrawe�notice ot the t4ne of or priar to an ins�x:ction specifying reu��muble cuuxe for the inspectian. _
<br /> •' �' ' � lA. Condemnpllan. The prcxeedx of uny nward�r claim for dumuges, dircct or cansequcntial, i�a�nnection with any
<br /> ��_ .. �_•_�..�•�;.r . _ . condemnatfon or other�aking of any part af the Pmperty, ar for runvcyance in lieu of condemnution,a�e hereby assigned and
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<br /> :� whall bc paid to L.cnder.
<br /> r •< • ''.�+� In the event of a totAl taking of the Pn�peny,the pruceed�;shall be applieci tu Ilx sum�s�ur�d by this Security lnstrument,
<br /> -' • � whether or not then due, with any exrrsw paid tu Burrowc�. ln the event ui'a punial tuking��i'the Property in which the fair _-
<br /> '" '��`"u���� market value of thc P�opeNy imme�iiately before the ta�;ing is equal to or RrcAte�than the amaunt oi'�he sums secu�ed by lhis :.
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<br /> Security Instrument immediatel;•before thc tuhing,unless Borruwe�and l.ender athenvise agrcc in a riting,thc sums secured by �';_
<br /> � � this Security lnst�ument shnll be rcduced by the amaunt of the proceeds multiplied b}• �he follnwing frnction: (al the total E.,`�
<br /> ..r. , , .
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<br /> � amount of the sums se.cured immedietcly beforc the toking,dividcd by (b) �he fair murket value ai the Propeny immediately '�.�r.
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<br /> •:, :•• ti ;��i;�i�.. before the wking. Any bsilance shall be paid to Bonower. In the eveM af u partial taking af thc Praperty in which the ftiir R'�-
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<br /> � . • -�=�-�=.:�---�-� , maslcet��alue oi the Property emmedintcly before the talcing is less than thc amMm�nf ihr sums �eri�m�i �mmediately hrfom Ihr —_--_,.---_______
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<br /> .;!� ;�y,�;:;;����., taking,unless Borrower and I.ender otherwire agrce in writing ar unless applicuble Inw atherwise provides. the praceeds :twll `,.-�:_
<br /> be applicd to the sums securcd by this Srcurity lnstrument whether or not the sums are then due. r"""' '��-`
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<br /> �-� �• If the Propeny is abandoned by Bonawer,or if,after notice by I.ender to Borrower Ihat Ihc condemnar offers to meke an , .,;;,_,_
<br /> -t��i " .n —.:_���
<br /> .� award or settle a claim for dAmages, Borrower fails ta res�nd to L.ender within 3�days after�he clate the notice is given, nr�••� ._.._
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<br /> `� ° Lender 1s authorized to collect and apply thc praceeds,at its nption,either to resturation or repair of thc Propeny or to thc sum� :���' �,�4:�•�-
<br /> „ �'`"'•i�?��'' ..- cecured by thia Security Instn+mer��,whether or not then due. °}��,,.-
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<br /> � �::�.•• Unless Lender and Bo�rower othenvise ugree in writing, Any applicutian of pnxeeds to principal shall not eatend or y-.:���:���a:'"�
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<br /> .,, postpone the due date of the mon�hly payments referced to in paragraphs 1 und 2 or change the amaunt of such papments. ;�+�.-:.__- _
<br /> ' � ' 11.Horrower Not Relesised;Forbearance By l.ender Not a Walve�.Extension of�he timc for payment ar modification :�.,�.�: _
<br /> �°� �,• of amortizution of the sums secured by this Security Instrument granted by Lender to any successor in interest of Horrower ahall �-��_°_,
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<br /> ' r,�'r I' ' ,r�:;� !;.,;�,,,�•'. ' not operate tu release the liability of the originnl Borrower or Borrower's successors in interest. Lender shall not be required to �=75f—'•""-��"�'"
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<br /> ', ..'��,s;;,�i�;'�.'�i,':;�.,,�.; commence proceedings against nny successor in interest or refuse to extend time for puyment or othernise modify amortizatinn ;,:��' ���
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<br /> of thc sums secured by this Security Instrument by rcason of uny demand made by thc original Borrowcr or Borrowcr s �:�n� ' �q
<br /> �' , >;s�, 'S5`¢i�r ',`�;' successars in interest. Any forbearance by l.ender in exercising any right or remedy shall not be a ws�iver of or preclude the ��',•
<br /> •.��►. �:,'�4a�:;;,;:; •�
<br /> ,�_""1�;;,;�;�"��;_ _ txetcise of r.�sy r�ght or tcme�ty ��i;`,l.�;r;;�,:`;.,o.�:---
<br /> •����:,�p,�� 12. Sueeccsors and Assigns Bound; Joint ond Several�l,ipbility; Co-siRners. The covennnts and agreements of this � � : �
<br /> '• ;��'�i;�: �' � Security [nstrument shalt bind und benclit the succeswn and a�:signrz of Lender and &►rrower, subjcxt to the provisions of �ti,����;::�.��,.•; �
<br /> . . parugm�h l7. Burruwer's covennnte und agrcements shnll be joint nnd several. Any Borrower who co-signs this Security ,�'•.:�rr.�,n; ••,
<br /> • Inst�ument but does na exerutc the Ni�te: (a1 is co-signing this Security Instn�ment only to mortguge. grnM nnd convey that •"�Yf� ��w.�.
<br /> ,., ' , Borrower's inte�st in thc Property undrr thc ternis uf Ihix Sccurity Inr�trumcnr, (b)is nw personally obligated to pay the sums '` � `� `-n
<br /> secured by thi�s Security Instrument;und Icl ugrces thut l.crulcr and uny othcr&�rrower may agrec to cxtcnd, modify, forbear or ���'.}'� '•
<br /> � make any a�cammcxlutiom with rcRard tu the�crmx of�hiti Scrurily Instrumcn�or thc Notc without that&irrowcr'z conscnt. � •� •�°•'��• �' �
<br /> 13.I.oAn Chqr}Rev. If thc luun.rrurcd My thi� Sccurily In.trumcnt is suhjcct U�u law whirh ticts muzimum I�un charges, ` !t
<br /> anJ�hut luw is finully intcrprctcd s�i that thr in�crrx�or�ithcr luan rhorges collrrtcd ar�o bc collcctc�i in conncctiun wilh thc F ,.� `,-?�
<br /> " loan exreed the permiued limit+, then: lu)uny,uch laan churgc.hull tn nduced by the amnunt nerrswry[u reduce the rharge ' -
<br /> to the permittai limit;and Ib)any �um,otready cullcrtcd frcim Borcuwcr whinc �xc��wicd permiucJ limits will be rcfundcd to •
<br /> • '� � Bormwer. L.ender muy chiK�x tu muke Ihi. refunci by rcYlucing Ihr principal oweJ under the Note or by rtwking a direct ; • - .�.
<br /> payment to Borrowcr. If a rcfund reducc. prinripal, thc r�Kluctii►n will I+c trcated ati a paniul prepayment wilhout any � r.,_��__
<br /> prepaymem�hurge undcr the Nutc. � • -a T_.
<br /> 14.Notices.Any nuticc�o&irrowcr proviJcd fiir in this Sccurity Instrument tihull hc givrn by dclivering it or by rtujiling � .r'�``�.
<br /> :i,;-:�;,;
<br /> it by first elnss muil unless applicablc luw reyuires utie oi'ancithrr meth�Kl. The n�xicc,hall 6e directed t�i the Propeny Address i .
<br /> • or any athcr address &�rrawcr dexignutcs by nrnirc to l.�:ndcr. Any n��tirc t�� l.enJrr sh•rll be given by first class mail to , +_�-�-*•��
<br /> • Lender's addre�s stoteJ hercin or uny othrr aJdres.r L.cnJcr Jc�igna�es by n�i�icc �o &�rrower. Any notice provided for in this 4 - - =���
<br /> Security Instrument shall be deemcJ tu havc t+�wn givcn to&�rcowcr or l.�nder w�hcn givcn us provided in this paragr�ph. �� • .: "�'��";
<br /> i::;..
<br /> 15. Governing I.aw;SeverAbfUty. Thi. Sccurity Inrtrumcnt shall t►c governcd by federal law and the law of the � " �
<br /> • jurisdictian in which the Property ix I�xu�eJ. M the ev�nt that uny pr�wisiun ur rluux ai this Security Instn�ment or the Note '
<br /> conflicts with applicablc law, surh ronflict shall n�►t uff�wc othcr provi,ion,uf thi.S�ruriry Instrument or thc Notc which can be �
<br /> „ givcn effcct without thc cunflic�inE pruvi,iun.Tu thi,cnd thr provisions of this 5rrurity Imtrumcnt und the Note ure declared ,
<br /> to be sevcrnblc.
<br /> l6,Horrower's Copy. &►rrower xhall tk�:ivcn one conli�muJ ropy ol'the N�uc anJ of thi�Security Instrument.
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