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<br /> "-�'�� • � '`�''+k+��� � psyment�nwy no Ionger be roquirad.ot thc option nP I.endet,if mongAge lnsurencc coverage lio�he�mount nnd far the periud
<br /> ; . � , ;;°n ' ttwt i,ender rcquires)providod by an insurcr uppr�wc�.l My Lender again hcromes available and ia ubtoinc:d. &►ROwcr shall pey
<br /> ;�,... . .;a�,:,,.. ,._ .
<br /> _ �.,�ry YtirA z,,, the premiums rcquired to maintain mortgage insurancc in cifcct.or tu prnvidc u loss rescrvc.until�hc requiremcnt for nwn��e
<br /> �"`�. .:r : . inwrance enda in accordance wFth uny written a�recment hetween Borrawer ancl Lender or applicablc law.
<br /> ` �?°�'"'''°"�`."'`...� - 9. leqkrtln». I.ender or itr agent mAV ma1u rea�onablc entries upon suid inspections of the Pn►peny. Lender�hell �ivc
<br /> a �- �Y; ' Borrower notia at the time of or prior to an inspeaion specifying neasanuble cause far the inspectwn. � --- �
<br /> • •� • 10. CondemtwUoa. The pmceeds oF any uward or claim for dnrnagew, direct ur cunseyuentiul, i�a►nnectiun wi�h any
<br /> ', o.r%fr� -"�`"' condemnation or othcr talcing of any part of Ihe PtapeAy. or for conveyancc i�i licu af concicmnation.arc hercby assi�nod wid
<br /> � —• ----=�- .' d�all be paiJ to Lender. °�-°°�_°-----
<br /> _ ;,� ���D � ln the evcnt of s total wUng af the PmpcRy,1he praceeds sha��be app�ied to thc sumx rcxurccl by ihis Sccurity Instrument. _
<br /> .
<br /> � ; ,� �,: , whether or not then due, with any excess pald to Borrower. In Ihe cvent af a partial tuking oi thc Propcny in which thc f�ir
<br /> �"—'"-� msuket value of the Properly imn�ediuely before the taking is cqual to ar greatec th�n the umount af Ihc sumv�ccnrcYi hy this
<br /> _ -----
<br /> - ° ` Security lnstrument immediately before the tal�ing.unless Borcower and Lender othenvise agn;e in writiny�, the sumx secured by �
<br /> '�l� „ • • this Security Instrument shall be reduce� by the amount ot the praceeds muhiplial by the fallowiog fraction: (a1 the tota!
<br />;._;�:� ' an�ount uf the sutn� secural inmectiately Netore the tnking,divided by(b) �he fair murket value ui the PrAperty immediately �_
<br /> �-� • before�hc�aking. Auy balWnce shall bc paid to Borrawer. ln the evenl of a paniul taking of thc Property in which the f�ir
<br /> i�� � muket value nf the Properry immed'uue�Y bcfore the�aking is less than Ihc amaunt of'thc sums secured immediutely before the
<br /> ., talcjng,untess Borrower and Leridec othenvise agree in wrlting or unless applicablc luw othcnvise provide�. the praceeds sholl
<br /> be applied to the sums secured by this Saurity lnstniment whethe�or not tbe sums ure then due.
<br /> • - . � , If the propeRy is ebandoned by Borrower. or if. dter notice by Lender to Borrawer that the condernpo�affcrs to rrwke an !;_
<br /> _ ,, � awud or settle a claim for darn�ges, Borrower fails W respund to I.ender within 30 dxys after the datc the notice is given. '�_„�_
<br /> �..- .��.=-
<br />_ � i.ender is authorized to callect and apply the proceeds,at its optiun.elther to restoration or repair af the Praperty or to the sums =� ---
<br /> � � • secuced by this Security Instrument.whether or not tlun due. ; �•� �_.
<br /> Unless Lender and Borrawer otherwise agroe in wriling, any application of procce4s to principal.shall n�t ex�end or �
<br /> �, postpone 1he due date of the monthly payments refercod to in paragraphs 1 and 2 or change the amount of such payments. ���;•��
<br /> 11. Borrower Not Releaced; Fo�t�es►rance BY I.eader Not a Waiver.Ea�ension of the time for payment or modification �=.--x�-^
<br /> �.�,..__
<br /> • � of amoRization of the sums secured by this Security instniment grantecl by Lender to any successor in interest of Borrower sh�ll ���
<br />, not operate to releasc the liability of thc original 6or�rower or Borruwer's successors in interest. l.ender shaU not be required to � _ _-
<br /> ' commence proceedings against any successor in intere�or refuse to extend time far payment or otherwise mudify amortization �"'`'-""'`�° _.
<br /> � of the sums secured by this Security lnstrument by reason of any dcmand made by the original Borrower o� Borrower's � _�
<br /> �• successors in interest. Any forbearance by Lender i�exerciaing.aqy right ar remedy shall not be a waiver�f or preclude the !=�—
<br /> �• w ezercise of any right or remedy. _ �
<br /> _- —..—.^ 12. �ucceasors aad A�igroi $owai; 1u:nt prid.�ver.� I,4abf!#iy. Cu-sigstcrs. The rnties�anss artsi agreements of th'ss .�.�„�,� ,-
<br /> . Security Instrument shall bind and bencfit ihe succcssars and assigns oF Lender and Horcower, subject to�he provisions of � - �� - - �
<br /> i ;.�: � paragreph 17. Bonower's covenar►ts s�nd agreements shall„be joint and several. Any Borrower who co-signs this Security -��_ �
<br /> Instn�ment but dces nM eaecute the Nma; ta1 is co-signing this Security lnstrument only tu mongage.grant and comey that ":;,n;��T.,,r.,.
<br /> roperty unde�the terrnc of this Securit Instrumenr,(b)is not rsonAll obli ated to a the sums ` �"�`�' �-�
<br /> Borrower's intecest in the P Y Pe Y 8 P Y ,-'±53�
<br /> . ,,.�, secured by this Security Instrument;and(c) agrees that(..ender And any other Borrower may agree lo extend. modify,forbear or ��•�.�•�i_:
<br /> ' make any accommadations with regord ro the temu af this.5erurity Instrument or the Note without that Borrower's consent. �Y�:•�•;;.z,,
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<br /> � l3.I.oan Charges. If the loan securcd by this Securiry Instrument is subject to a law which sets m:ucimum loan charges. .,.;_�F•�r;:�.:�.__.
<br /> and that law fs finally interpreted so that the interest ar ather loan charges rollected or to be collected in connection with tha ` • . . -� °
<br /> � , . loan exceed Ihe perminod limits,then: (o) any such loan charge shall be reduced by the amount necessary to reduce the charge y , ,. : ••
<br /> , . ta the pertnittsd limit;and(b) uny sums alrrady collected from Borrower which exceeded permittal lirn�ts will be refunded to
<br /> �•ti�,���� � '-
<br /> ' Borrower. l.ender may„chao�c to muke this refund by reducing �he principAl awed under the Note or by making a direct Y ,���:��:-�•=�
<br /> �.,. j..s.
<br /> . payment to 8orrower. If u refund reduces p�incipal, the rcduction will l+e treated os a partial prepayment without any � ;' �`j�:�:f?:::.-_
<br /> ' prepayment charge under the Noto. R �� -3__
<br /> � , 14.Notices.Any notice to Bonowec providcd for in Ihis Security Instn�ment sh�ll bc givcn by delivering it or by mailing ,
<br /> • °.� it by first class tnail unless applicable !uw requires use uf another method. The noticc shsill be directed to the Property Address ► �;�
<br /> ' , or any other uddress Borcower desi�nates by naicc to Lender. Any notirc to Lender shall be given by first class mail to � ��
<br /> L,ender's addrcss stated herein or any ��Iher xddress Lcn.icr designales by n�tice to Borrower. Any nutice providcd for in B�is � � :-� �_�
<br /> - ..t•y.
<br /> �� Security lnstrument shall be dcemcd to havc bcen gi ven to Borcowcr or L.rnder whcn given as pruvided in this paragraph. -` � -�_
<br /> l5. Governing Lew: SeverAbility. This Secun�y lnstrument shnll lk govemcd hy federul law and the law of the ``;" � �'�•
<br /> ', ° jurisdictian in which �he Property is located, In Ihc evcnt th:�t any provision or clausc of this Sccurity Instn�ment or the Note
<br /> conflicts with upplicable lnw.such conflict shall nut affert nther pravisionc ot'this Security Intitrutm:nt or the Note which cnn be
<br /> given effect without the contlicting provision. Ta this end the provisiuns uf this Security Instrument and the Note are declared �
<br /> to be severablc. '
<br /> 16.Rorrower's Capy.Borrower�hal(be given nne conf'urmed cupy of the Note und of this Security Instrument.
<br /> .. Farm 302� !1!0
<br /> ' Peya�ut 6 �
<br /> MC-3019�NE/�
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