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<br /> _ ��� � 92—��'�° � 92- 1oso�►�
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<br /> ������'�,', WY���Y���Eer bc requirod,At the option of Lender, if manga�e insurance covera�e(in the a�wunt and far the period
<br /> .;�„��.�,��_o� th�t Lenrkr rcquira)provlded by An i naurer approv��d by L.ender Again isemmea avuilablo w�d is obtained. Bon�wer slwll pry
<br /> _���,��,��,wt.� the�memiums rcquiral t�malntain mortgage insurancc in effix.K,or to provide a loas reserve,until thc requirement Por mort��o
<br /> :;i — __ ipwnukx end9 in�ordance with Any written ag�ement bctwetn Borrower and I.endcr ot applicable law.
<br /> :?o_ ;t"? 9.In�pecdon. Lendcr or it�agent m�y make rcasonable enMes upon and inspectionx of the Propehy. l.ender�iwll�ivo
<br /> ,��-''� Horrower notice at the time of or prior to an inspection specifying reasonable cruse far the inspection.
<br /> _ 10. Condannwtlon. The praadc of any award ur cfaim for damages. direct ur consequential, in connecllon with any
<br /> '� condemnatioo or athcr hdcin�of any paR of thc Pmperty.or for conveywkc in lieu of condemnAtion, �hercby�sei�ned and
<br /> ° � :.. :'4i• . shell be paid to Lender. �. - -
<br /> ��' _" In the evcnt of a total taking of the Property,the prnceoda shall be applied to the sums securod by this Security Insttument.
<br /> ` `'l'�,� ,�.� whether or not then due�wfth any excess paid to Borrower. !:�the event of a partial taking of the Property in which the fair
<br /> .��`.,-"'°°'%� rtwrket value of the Propecty Immediately before the wking is equol to or greater Ihan the amount of the sums se,cur+ed by this ---
<br /> �l'` Secu�lty lnstrument immediately befo�+e the taking,unless Borrower and Lender otherwisc ogrce in writing,thc sums secured by
<br /> '� .,•••••'�•• ' ` �' this Secudty Inatrument shall be reduced by the amount of the proceeds multiplied by the following fmctian: (a) the twal - -
<br /> a.- �� � ��` _ atnount of thc eums securod immedletely before the talcing, divided by(b)the fair market valuc of thc Property immediately _,
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<br /> =�'''�._��.�:_-_`'_b_�::. before the ta�ng. My balance shall be paid to Borrower. In the event of a paniel taking of the Property in which the fAir �
<br />�w,.,,• - - -� ' m�uket value of the P'ropeity Inunediwtely befor+e the taking is less lhan the wnount of the sums secured immediately before the �;;;
<br /> = . �_:. °,. - taldng. unksa Horrower and I.enderotherwise agree ln writi�g ar unless applicable law otherwise provides. the proceeds chall =-
<br />�'`r,t,'w,fj;;�;�,;:�:,.c.: be applied to the sums secured by thia Secu�fty Instrument whether or not�he sums arc then duc. �
<br />�==`"`�"�-°`�="�^=-=�° " If the PropeRy is abandone� by Bormwer,or if,after notice by Lender to Borrower that the condemnor offecs to make nn
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<br /> . .6"- ' w:.11'-''�. • award or cettle a cl�im for damages, Burrower fails to respond to Lender wi�hin 30 days after the date the notice is given, �;
<br />�..��:� �� -. : Lencler is authuri�d to collec:t anci apply the pnx�eds,at its option,either to re�toration or repair uf�he Pro�rty ur tu the suans -�
<br />�_��:. ;;,;,,;,.,�.�. � serured by this Security lnstrument,whether or not then due. �.;'
<br /> � � Unless l.ender and Borrower otlurwise agree in writing, any appiicatian of praceeds to principal shall not eatend or
<br />�. ' postpone the duc date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. ��=
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<br />�� � . ,•.:, ' 11.Bomnwer Not Rdeased;Forbea�nce By l.ender NW a Walver.Extension of the time for payment or modification �.
<br />:T�� ' � of amoniwdon of the sums secured by this Secu�ity Instrument granted by I.ender to any successor in interest of Borrower shall �;.
<br /> a��;, "��0it'y'."�:"' not operate w release the liabiliry of the original Borrower or Borrower's successors in iMerest. l.ender shall not be required to �_
<br />�f�-f "`'�``'""� � oommence praxedings against any successor in interest or refuse to extend time for payment ar otherwise modify amortization e �
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<br />�-"��..�� •,,: of the sums zecured by this Security Insttument by reason of any dertwnd made by the original Borrower or Borcower's ,,;
<br />',Il�,'."' '��• ° successors in interest. Any farbear�nce by Lender in exercising any right or rcmedy shall not be a walver of or preclude the �
<br />���� � oxercise of any right or rcmedy.
<br />��`' ="�""'�-�'`=�;`'� 12. Sur�orc �d�ss! Baund; 3olai a�srl �eyeral Lfabfii -;Ca-si --
<br /> • �ac ty �ers. Tt� covenanis and agr�rr�nts of this
<br />;'��� , Security InstrumeM shall bind end benefit the successors and assigns of l.ender and Borrawer, subject to the provisions of -
<br /> paragrarh 17. Borrower's covenanls and agreements shall bc joint annd several. Any Borrower who co-signs this Security
<br />` � ; � • .. • =•`�%�'" Instrument but does not eaecute the Note: (u) is casigning thia Security Instrument only to mortgage, grant and convey that �
<br />;`., � "` Borrower's interest in the Property under the terms of this Security Ins�rument;(b)is not persanally obligated to pay the sums "�
<br /> v . �����;`� secured by this Security lnstrumenh and(c)agrees that I..ender ond any other Borcower may agrec to extend, madify,for6ear or �-_
<br /> ".� , make any uccommodatiuns with regard to the terms of this Security lnswment or Ihe Note without that Borrower's consent. --�`--
<br /> 1�_�� '� ���,; _, • �� �� • • 13. I.oan Charges.lf the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. �-
<br /> i� ��'�`� and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connecdon with the �-
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<br /> , "`�;: ; loan exceed the pertnitted limits, then: (a)any such loan charge shall be reduced by the sunount necessary to reduce the charge
<br />�'n • % : to the pertnitted limit; and(b)any surns already colltxted from Borrower which excceded permiltc�d limits will be refunded to "
<br /> s; ' „ , � • . Borrowcr. Lcnder may cMoose to malce this refund by reducing thc principal owod under thc Nae or by rrWcing a direct
<br />� ' payment ro Borcower. If a refund reduces principal, the reduction will t�e treated as a partiel prepayment wlthout any �y�
<br />?'_ . ., prepayment charge under the Note. �
<br /> - , 14.Notices. Any nodce to BoROwer provided for in this Security Instrument shall be given by delivering it or by mnlling �,�
<br />=- it by first class mail unless Applicable law requircs use of another method.The notice shall be directed to the Property Addrcss r'°``
<br />�"� � ° or uny other addness Bonower designetes by notice to Lender. Any nuticc to l.endcr shall be given by first class mail to �' -
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<br />= Lender's oddress steted herein or uny other address Lender designates by notice�o Borrower. Any notice provided for in this j�:i-'__
<br />_� _ ... Security instrument shall be dcemed to huvc b►•en given to Borrowcr or Lcnder when given as provided in this paragraph. ��"-=-
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<br /> 15. Governing Law; ScverAbllity. This Scrurity Instrument shall be govcrncd by federal luw and the law of the �;..�,;;
<br /> z , jurisdiction in which the Property is lacated. In the event that any provision or cluuse of this Security Instrument or the Note -
<br />" „ conflicts with applicable Inw,sucb conflict shAll Mit affec��Kher provision�nf this Security Instrument or the Note which can be �
<br /> ' �., given effect without the conflicting provision. Tu this end the provisions uf this Security Instrument and the Note are decleral
<br /> � to be sevcrablc.
<br /> � . 16.Borrower's Capy. &�rruwer shull be given one conformed copy of the Note und of this Security Instrument. �
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