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<br /> , payments ntay no langer bc reyulrcd,at the opdon of l.ender,if mortgagc iasurauce coverage(In the amount and for the perlod :, , _
<br /> that Lendee eequires)provided by aa in�urer epprovecl by Lender again becorne�avnilable and ls obtaine�l. Bonower ehNl pay
<br /> ' '� the�nmf�ums reqnlred eo maiate�m°rtgege insurnnce in effect,or to provide a loss rcsetve,untU the nquinment for mortgage
<br /> tnsivance eads in accordance vvith enY writtea agrament betwe�n&orrower r�nd Lender or appltcaole law. Uaaer shall ive
<br /> :;:z. � 9. Ia��xction.Lender or ita agent raay malce reasonable enulea itpua and Inspectione of tt�e Propeity. B • . , -
<br /> " .„: � Borrower noda at the t�x of or prlor to an lnspection specif�ing reasonable ai�rx��c o�coaseq�uencial, in connxtton with any ;
<br /> „ � 10. Condemnation.The proceeds of auy award or clatm for demages.
<br /> condewnetion ar other taking af any part of the Froperty,or for convayance in 1leu of condemnation, are hercby assigned and
<br /> sha11 be paid to Leader. �,;-:. .-:
<br /> In the avent of a totel taking of the Property,the proceeds ahall bc upplIod to che sums s�curcd by tt►!s Sec�����* ._`., ��'�+'w::.
<br /> whether or not then due� witb a�ny eacess paid to Bosrower.Ia the cvent of a partial taking of the Property .�,_;�;,�:� _
<br /> - markct value of the Propercy immedlately�efore the taking is equai to or greater than the awount of the sums secured by this :;_�_
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<br /> ' Secu�ity Insuument immedIauly befare the taking�unless Borrower and L.ender otherwise agree in writiag,the sums sxured by �-�.�_
<br /> � thi3 Security Insm�ment shall l�c reduced by thc aznount uf the pra�eds multiplied by the following fraction: (a)the tot�l '.���:�.T�.
<br /> ° emount of tha sums socured immallately�efor thc ta�cit►s,divided by (b)the fair market value of the Property immedlately -
<br /> befon the talcing. MY balan°°eh�l b�p�d to Bornower. 1n the event af a partial caking of the Property in which the fair
<br /> � market value of the Property immediately before tbe taklag is less than th�amount of the sums secured itnmedi¢el�shall -_- -- --
<br /> t�ing,unles�Bornnw�r and Leader othannisc agree in wcitin8 or unless applicable law otherwise provides, p
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<br /> ' be apPHed to the sums secural by this Se�uitY Iustcume°t whether or not the su�an then due. •-,�.�_.,�==
<br /> � If the Property is abundoaed by Borrower.or if. aft�r notice by I.�nder to Borrower that the wndemnor offers to make an ,_,•.,a�
<br /> t• award or settle a clalm for dama�es. Borrower fails to respond to I.ender withia 30 days after the date the notice is given. ,,,;r�:�.
<br /> Lender is authortzed to coAect and apply tt►e procads. at lts opiion,either to restoradon or npair of the Property nr to tt�e sums ' `��?�.
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<br /> �by�is Secudty Instrument,whether or not thEn duc. lication of rocccds to rinci al shell not exund or �y�''
<br /> :; . Unless I.ender and Borrower otherwiae agrx in writing, anY aPP P p p '
<br /> posqwne the dva date of the montlily payments nfemed to in paraSraPhe 1 aad 2 or chaa�ge the amount of aar,h payments• r
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<br /> il.Bormwa i�os Tcdc�:i �•�n�T.��p�r1�t a Woivrt.Hutension of the dme for payment or awdiflcation _
<br /> ` of amort}�tton of the sums socured bY this Secud�l'��°t 8�'BIIted by Lender to any euccessor in inte�st of Borrower sbali
<br /> .. � not operate w nlease the liability of the oxiginal Borrower or Bonower's successors in iaterest. Lender shall noi ba�equlred to
<br /> ���p�Q88�gainst any aucassor in interest or refuse to extend time for paymeat or othenvise modify amordzation
<br /> • �. of the sums secund bY thi8 S���Y ��nt by reason of any demand made by the original Borroa+es or Bonower's
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<br /> sucressore in inurest. Any forbeacance bY I.ender ia exercieiug any d81�t or n�edy s'ha11 aot be a waiver of os g�nclude the �
<br /> .'�'}` ' eaerciac of aay reght or nmedy.
<br /> � iZ.Successore onil As'�iga�Bou°d;Joint and Several Ltability; Co-si�ncrs. 71ie covenaats and agamenis of t6ia
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<br /> ���}r Instrumsnt shall bind and beneRt the successors end assiBns °f I.endsr and B°nower. au�bject to the pmvisions of
<br /> . ._ g;,xr,�sgh 1T. Eo*cowe*'s eovensnts ancl agc+oementy shall be joint and several. Any Borrower who co-signs thle Secudry
<br /> (nstniment but does not execuce the Note: (a) is co-si�ing this Security lnsuumEnt only to mortgage, graac an3 wuvcy ihat _
<br /> � .. Bornnwer's intee�est in tba ProP�'nS'under the terms of this Sxvdty lnstrument;(b)ia not persoaally obligated to pay the sums ����
<br /> ' securcd by this Securlty Instr�ment:and dc)e8ra�that Lemder and any other Borrower may�groe to eatend,modify.forbear or ��'
<br /> ti,�,,`,,'.,�� ` ��Y accommodntions with ngard to the term�of this Secur[ty Inssniment or tho Note without tbat Bomower's wnseat.
<br /> ;��:,.: 13.Loan Ch�u�ges.If the loan sceured by this Secudey Ins�ment is subJect w a law wbdch sets maximum loaa charges.
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<br />:J,;:;��,;�,.�:, and¢hat law ia Snally inucpreted so that the interest or other loan charges collected ma to be vollectal in connectioa with e -�__--
<br /> - ' " loan�xcad the parmitted limita,thea: (a)any auch lom cbuge shall be raluad by�$amount neoessuy to mdLSe the chnrge _
<br />-' ��;' to the permitted timtt; and(b)anY sum�already collectal finm Borrowes whtch exooeded peraiitted limits wlll be refvnded to -- --
<br /> Borrower. LeMer may clioose to malce this nfuad by redu�iag the principal owal under the Note ora Y n�it�hout aqYt --
<br /> ''" ' payment to Bomower. If a refwid reduces prtncipal, thc reduction will be ueated as a partlal prep Yme -
<br /> -' h�`•� propayment charge under the Note. — _
<br /> t"J��~'`. :�� ' 14.KoUces.Aay nodce to Bornnwer pmvidal for in this Sxuiity L�suvment shall be given by delivcring it or by malling -------
<br /> � .� -*�� it by ftrst class mail unless aPPlicable law requlres use of another method. The aotice ahall be directal to the Peoperty Address = ----�:.,,.
<br />���`,"� ^� • or any other address Borrower designates by notice to Lender. Any aotice to Leader shall be given by first class mail to °'� �;�._.;_
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<br /> � � L,ender'e address stated he�etn or aay other address Lender designates by noQce to Borrocrer. Any aotics grovidod for in this ��,:� �_„_
<br /> . , � gc�urtty Instrument shall be deemed to bave been giveu to Borrower or LendGr�vhen g3ven as provided in this paragragb. � ';;;�:;-,�;�;;_
<br /> �"�;'� ' 15.Govan[ng I.sx'; Severabtlity. This Securlry Iastrument shall be governed by federal law and the law of the �:�`�•TE��
<br /> � �` is located• In the event thai any provision or clause of Wis Security Insctument or th�e Nou �.�.�r
<br /> - • jurisdiction in wbich the PropeceY .�,.t- .,v._�
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<br /> . conflicta w[th applica�le law,such cbnfltct shall not affect other provisions of thia Security Instrument or the Note which c.�n be ;..•...-;-- - :;_
<br /> � rovisian. To ttus end the provisions of thls Socurity Instnunent and the Note are declared � '-"� :�
<br /> given effecc without the oontlict3ng p .':�,Ft,� i,,?
<br /> ' • ' � to be stverable. ... `` �.+�
<br /> 16.Borro�va's Copy.Borrower shall be given ane conformed copy of the Note and of this Securiry Instrument. ;��' ; :,�,••-
<br /> , : i r-«m ao 8! /�/7 ` '�:r;.:art.
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