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<br /> ';t�' • .,• . • paymentr rnay no lon�er be rcquiral, �t the aption of I.cnder. if mangagc insurancc covcragc lin the amoum and for the period
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<br /> '�� ,y.,,�;��N• �, that L.ender rcquirea)providcd by an insurer upprovcd by l.ender ag�in becomc.avuilablc wk1 iti obtaincd. ��rrowc��hall pay
<br /> .�.�,_:• � �-'h.
<br /> the premiums roquiad to maintain moRgege insurancc in e1'fxt,ar to pruviJe a loss rescrvc.un[il thr myuiremem fur mort��e _
<br /> �".� inwrancro edla in accordu�ce with my written agrcement betwcen Borcower and I.cnde�or applicable law.
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<br /> , r.T,; 9.I�wpe�MWu.Lcnder or its agent mey make reasanable cntties up�m and inapcctions uf thc Property.Lend�:r stwll give
<br /> � • : Borrower notice At the Hme of or prior to Ao inspection spccifying reasonuble c•ruse fe�r the ia.peciiun.
<br /> � .- :•� 10. Ca�demttatloa. The procceds af any award or claim for durtwges, direct c+r cunseyucntiul, in c�mncrtiun wi�b uny
<br /> •• • � condemiwtion or othcr trlcin�af any part of the Property.ur for conveyancc in licu of rondemrwtion,are hercby�iynod and
<br /> °• .... •.°.' ' ctwll 6c puid to Lcnder. - - __
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<br /> .;�:�,;:,u � ' . In th.:eve�t af A total talcing of the PropeKy,�hc procoeds shall 6c applied tu thc tiumv MxureJ by�his S�xu�ily Instrumcnt,
<br /> � •"".>��r,:;��d;','� �'.� whether or not �hen due,with any excess paid ta Bam�wer. In the event of a pani�l toking uf�he Propeny in which the i'air
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<br /> � � ' '' r`.' rrwrket valuc of the Property imn�ediately before the t�lcing is equul to or greater th�n the umoum of thc sums se�ured by this
<br /> .--_��.�..• ' � :, Securiry Insttument immaiietely before the taking,unless Bonower and l.ender otherwise agrec in writing,the sums secured by
<br /> ''• thia Security Instrument shall be reduced by the Amount of the procceds multipliod by the follawing fraction: (a) the total
<br /> ',;,�e� '_ �' ""''' - �, amount af the sums socurcd immodiately before the tuking, divid�!by(b)the fair markec value of�he Propeny immodi�tely
<br /> - . ': ' _ before thc t�lcing. My balance shall be psiid to Bortower. In the event of a partial wking of the Property in which the falr �
<br /> . '•!� market value of the Property immediately befare Ihe taking is less than the anwunt uf[he sums secured immediately belore thc - -
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<br />__ ;,��.: , talcing,unless Borrawer end L.ender otherwise agree in writing or unless applicable luw atherwlse provides,the prace0ds shall
<br /> �,; be r+pplir.d to the sums secured by this Securiry Instrument whether or not the sums are�hen due. �,�,,_
<br /> ;,!!": 1f the Properry is abondaned by Horrower.or if,after notice by Lender to Romower that the condemnot oFfers to make an �
<br /> �-'�. •'�;io:'� award or settle a claim far damages. Bormwer foils to respond ro [.ender within 30 days after the date the notice is givcn.
<br /> � "'�Y; � Lender Is authorized to collect end apply the praceeds,at its uption,rither to restoration or repair of the F'roperty or to the sun�c 6�-f--�-- -
<br /> �" • secured by this Security Instrument, whether or not then due. �`
<br /> .'=1., Unless Lender and Borrower otherwisc agree in writing. nny upplicatiun of prceeeds to principal shall not c�tend or '_`� •���
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<br /> •-+����,i'�' postpone the due date of the monthly payments referred to in paragraphs I And 2 or change the amount uF such payments. a-��
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<br /> �,. al. Bomower Not Released;Forbearance By I.ender Not a Waiver.Extension of the time for payment or modi6cation
<br /> � �`}': of amortization of the sums secured by this Security Instrumen�granted by Lender to Any successor in intercs�of Borrower slwll
<br /> � �;j, � � '�y�� , not operatc to release Ibe liability of the original8ormwer or Borrower's successors in interest. Lender shall not be requirad to �'��-"�"
<br /> �• .�_ � . -
<br /> "> > ��"•'��:'1;;'�:�.`:� �;� commence proceedings against any successor in interest or refuse to extend time for payment ur�therwisc madify amonization k ���� `� -
<br /> � � '�'�`�',`�,�'i,'� ' � oi the sums secured by this Securiry Inst�ument by reason of any dcmand madc by �he original Borrower or Borrower's � -_
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<br />• � 'id.�, successors in interest. Any forl�earance by Lender in exnrcising any right or ren�edy shell not be a waiver of or preclude the � -
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<br /> eaercise of any right or mme�y. ��-
<br />. -- — 1Z. Su�x�u�,�i�i rlssi�ns �wr�.3otnt suid �e1ess! !.l�b!lity: Ca-s3�m�ss. The covenents and agr�tmsnts of this - �-'- --�, -
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<br /> , `"'° '�• Security Instrument shall bind and benePit �he successors and assigns of l.ender and Borrower, subject to the provisions of � •• ��'`°
<br /> � � '`'��`�'�`� paragroph 17. Borrower's covenants And agreements shall t►e joint and several. Any Boirower who co-signs this Security T::.
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<br /> .,�,� , lnstrument but dces nat execute the lVate: (n) is co-signing this Security Insttument only to mortgage, grant and convey tlut ��••••'a::«�=�. �_
<br /> Borruwer's interest in the Property under �he tern�s of this 5ecurity Instrument;(b)is not personully obligqted to pay the sams '�
<br /> • secured by this Secu�ity Instrumenr,and(c)agrees thut Lender ond uny other Borcower may agree to extend,modify,forbear or �.•.,._�,__.
<br /> make any riccommodutions with rcgard w the tem�s af this Securiry Ins[rument or the Nute without that Bonower's runsent. �`r'�
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<br /> • 13. l.oan Charges. If the loan secured by�his 5ecurity Instrument is subject to a law which sets maximum loan charges. ��!�R.�
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<br /> „ and thet law is finully interpmted so that the interest or other loan charges collextvd or�o be collected in connection with the �`'";;
<br /> • loan exceed the permittecl limils,then: (u) any such loan churge shall be rcrluceJ by the sunount ncxe.�ssary to reduce the charge � •
<br /> , to the permitted limit; and(b)nny sums almady collecteJ from Borruwer which exceeded permitted limits will be rcfunded to
<br /> -� Borrower. L.ender mny choose to makc thi.r refund by reducing the principal owed under the Note or by making u dircct � ., .,_:.;-: _
<br /> � paytnent to BoROwer. If a refund reduc�� principal, the reduction will be treuted u. a partial prepayment without any � , .� ._�i;
<br /> prepayment chnrge under the Nu�e. �: -r��';-'{�
<br /> � 14. Notices. Any noticc to Borrower provided for in this Security Instrumcnt shall ik given by delivering it u�by muiling � �{ '�A--`;;:-^
<br /> ` it by first class ms�il unless applicable law requircs use of annther mcthal. The n�nice+hull be directed to the Property Address � �� .��:=��'^�m_
<br /> � or any other address Barrowcr designates by notice to I.cndcr. Any nuticc t�� l.cndcr shall t+e given by Pirst class mail to _..�•;.1S"`�___
<br /> I.ender's addrcss stated hercin or uny ather addrcsx Lender Jexignates by nutice lo&irmwer. Any notice provided far in lhis • �- : `'�-
<br /> � Security Instrument sh�ll lx dcemcd to havc bcen given ta Barcower��r Lcnder whcn given us providcd in this pursigraph. , ""���•• `'=_'= ,,
<br /> � 1S. Governing Law; Sevenbility. This Serurity Instrument shall he guvern�Y1 by icderul law and the law of the ' •~*'Y'•��-'--
<br /> jurisdiction in which the Property is I�xat��l. tn thc cvent that any pruvision ur rlause oi'this Security Instn�ment or the Note ' • � _-
<br /> � , ._
<br /> • • ,, cunflicts with s►pplienble luw,such con0irt .hull nut•rffect other pmvi,inn.of this Serurity Instrument nr the Note which can be , •
<br /> given effeet withoW the contlicting provitiion. To this�nd the provisicros nf this S��euriq lnstniment and the Note ure deelared �
<br /> .,
<br /> • to be sevcrublc.
<br /> 16. Borrower's Copy. Borrow�r shul I bc grvcn onc confomud rupy uf thc Nutc and��f thi�Sccurity Instniment.
<br /> . Ronn 302� f/!0
<br /> • '- MG3019-NE14 P��•��6
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