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<br /> —_—_-- = pAyments may no longer be requireA, At the uption af L.endcr,if martgagc insurencc covcrugc lin the amuunt und for thc period
<br /> ��,�zx;.t;;� thot l.ender rcquirea)providod by an insurer approvod by L.et�der aguin b�runxw uvAilublc wul is ��bWinat. &rcmwcr tihull pay
<br /> -,_.� tho prcmiums rcquired to mnintnin mongnge insurunce ln cflcxt,ur io providc a losx re.rcrvc, un�il the reyuirement f'ar mortYage ��
<br /> inwrance enda in uccordance with ony written agrecment between Borrower wul I.ender or�pplicable law.
<br /> ;.;� 9. In�pectlon. Lender a�ils agent mny muke reasa�uble cntrlcr upon u�ul in.rpcctiona oi Ihe Propeny. Lcnder shall give
<br /> "'"'� BoROwer notice at the time of or prior to un inspocti�n apeciPyln�rcuumahle cause fi�r�he inspection.
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<br /> "'��} 10. Condemtwtlpn. The proceeits of uny nwarJ or cluim fiir dumugrti, dirccl ur con+cyuemful, in cunnectioi� with ony
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<br /> condemnoHan or other taking of any part of Ihe Properly,ur 1'ar conveyunce in licu uf ronJemnation, are hereby asr�igned und
<br /> : - �' ' •�':-� � shell he paid to Ixnder. —
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<br /> ,�':`"' In the event of a total taking of the Prapeny,�he procceda shull be opplicxl la the sumti sax:urcKl by thi,Security Intitrument. -
<br /> �- �------'-�• � whether or not then due, with any excess paid ta BuROwer. M the event uf u puniul taking of the Property in which the fuir
<br /> =��g���:���:,; murket volue of the I'ropeny immedis►tcly befare the luking is eyuol tu��r grwter thun the umount oF thc xums �ecurecl by this
<br /> :••�::��ss.s�;� � Securiry Instrument immediately before the tnking,unless Bormwer und l.eixier otherwi�e•agree in wri�ing,the surn�secured by !
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<br /> ���,,,:_._-,�,,: , this Secu�ity Inxtrument shall be reduced by the umaunt af the prc�cceds multipliecl by the follc�wing iruction: (u) �he tow
<br /> �°,-°�"��.-�,...�;: •; . amc�unt��f thc suma secured immediutely before the laking, divided by (b)the fair mnrkct vplue af the Property immedintcly r
<br /> :�:.,t,�;t; � �,��• before the taking. Any balunce ghull be paid to Borrowcr. In the event of u punial taking of the Proper[y in which the fuir
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<br /> 4�,i�; y � ; market value of the Propeny immediatcly befare the tuking is less than the umount of the sums secured immediatcly bcforc the
<br /> �'�'�'�'''" ` taking,unless Borrower und Lender dherwise ugree in writing or unless upplicable law otherwise provides.the praceeds stiall �_-_
<br /> -�`�!'�-.'�. be applfed to the sums secured by this Secu�ity lnstrument whether or not the sum.c Are then due. �
<br /> �T Y�°"". IF the Propeny is abandoned by Borrower.or if,after notice by l.ender to Borrower that the wndemnor offers to mnlce un _
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<br /> -� - '� •'=� " � award or setde a claim for damagex, Borrower fails to respond ta L.ender within 30 Jays ufter the date [he notice is given,
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<br /> �_- �_=.•: . �.:.,� [xi�ler is uudmrized to collect and npply thc praceeds,at its option,eiUter to resror9tion or repui�of the Pmperty or ta the sums �
<br /> '"'c'"•�s''r':' secured b this Securit Instrument,whether or not then due.
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<br /> -�'�'"'•' '•' � � Unless Lender and &�rrower otherwise agree in writing, �ny npplicutian of procecds to principul shall not extend or _
<br /> -��! �� ' „, .; postpone the due dutc of the monthly paymems referrcd to in parngraphs I und 2 or change Ihe nmaunt of such payments. ��`;
<br /> � �->""-:%�a'�' • 11.Barrower Not Released;Forbearnnce By Lender Not p Wuiver.Extensinn of the time for payment or modification
<br /> ---- — . -_-��-lm�ca._ , of umottizntion of the sums�ecured by this Security Instrument grnnted by I.enJer to uny successor in interest of Borrower shall �x�,.
<br /> -°__� � . • . not operate to releuse tiie linbility af the original Borrawer or Borrower's successors in intereat.Lender shall not be required to
<br /> --_ �� �ix • commence pracx�iings ugainst uny successor in intereat or refuse to extcnd time for puyment or utherwi�e modify amortiu►tion �°'�``
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<br /> - — u �r � �� of the sums secured by this Sewrity Instrument by rca.eon of uny demand made by the original Borrower or Borrower's ��,�,:
<br /> -�_;' �6:.f_,.,,,;:::, successors in interest. Any forbeLrunce by Lender in excrcising nny �ight or remedy shall not be u waiver of or preclude the —
<br /> --- ' exereise of any right or remcdy.
<br /> �` r�:� ' •-� !2. �ucccssors and :�.cslgsu Saussd:dolnt and Severe! l:lsblllty, ('o-+�igners. The rovenants und ogrcements of this
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<br /> •• . ' , Security Instn�ment shull bind and t�ne�t the successon and as�ignw of I..ender and Borrower, subjeci to the provisions of
<br /> - •�~ ` � ' . pArngroph 17. Borrower's covenants nnd agreements shall be joint und several. Any Horrower who co-signs this Security
<br /> ��;:�a_ - � Instrument but does not exewte Ihe Nate: (u) is co-xigning this Securiry In.rtrument only to monguge, gr�nt und canvey that
<br /> " ' Borrowcr's interest in thc Pmpeny under thc temu of this Security Instrument:(b)is nat personally ahligutttii to pay the sums �="
<br /> ��� secured 6y this Securiry h�strumcnt; und(c)a�rees thut L.cnJcr und uny otlxr Borrower may agrce In extcnd, modify, fbrt�car or �•-�°
<br />.•�� • � � ,� muke any urcommoda�iom with regurd�o the ternn. of this Security In�trument or the Notc without thut Bnrcowcr's consent.
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<br /> _ 13. Loan Chary�es. If thc loan secured By this Securiry Instrument i�subjert lo u law which sc�s maximum Inan churges,
<br />- ` , ' und thut luw is(inally interpretcJ ui ihat the inlerest ur other lo:m rhurges cullectixl or to t�e collected in connection with the d�` :
<br /> �� �� �,: ' I�wn excc�xi dx perniittcd limitti,Ihcn: Iu1 uny ,urh I��un ch�rgc,hull hc reducul by thc amuunt necc+�up• to reducc the churge -
<br /> " r"`' w�he permiucci limit: •rnd Ibl uny sums nlready cull��hJ 1'ram liorrower whirh excc��lcd permitted limi�s will bc refunded ta ____
<br />`".� Borrower. l.ender muy chcxi�e �o muke thi. refunJ by rcdurin�t U�c principal owed under the Nute ar by muking u direct ��-
<br /> _� ^ " . � ���' payment to &�rrower. If u rel'und reduce+ �xiixipal. Ihc reduction will hc treuteJ ac a partiul prepayment without uny ---
<br /> -,A.• , ��„�_��,;',,,, prepayment chargc under thc Nu�e. �
<br /> . 14.Notic�.Any nnticc to QorroK•rr pr�ivided for in Ihi.Seruri�y Inswment.hull bc givcn by Jcliverin� it ur by mviling _
<br /> � . ' . �� ., it by first cliws muil unless applicublr luw reyuire. u+e of anothcr mcthuJ.The n��ticr.hull bc JircrtcJ to the Property Address
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<br /> or any othcr uddre�. Borri�we� Jetiignatc� by ixi�ice tu LenJcr. Any nutirr to Lrndcr >hall bc given by first cla�s mail to
<br /> _ " •. h i�nicc ai BurroN�er. An noticc rovidcxi for in this �'
<br /> l.ender'x adJress .rtu�cd hcrein ur uny othcr adJrc.ti IAnJcr dc.ignut� y i Y p
<br /> _ . �.� _ Security Insttum�nt shull lx dr�nxd ta havc hccn gi�•�n lo Hurruwcr ur Lendrr N•hcn givcn u�providcd in thiti paragraph. __
<br /> • 1S.GoverninR Lpw; tieve�bility. Thi. Sccuri�y In+irument .hull he gaverned by tcdcral law anJ the law uf the =�
<br />- ' }urisdiction in which the Property i. lixut��l. ln the rvrnt tha� any provi�ion��r clausr ul'thi�Sc.tiuriry h��trument or�hc Note •
<br /> � • • cuntlicts with upplicablc law,sunc�ontlict�Ball nu�affccl c�thcr provixium uf�hi.Scrurity ln�trunknt ur thc Ninc whi�h ran Ix
<br /> .. . � '�"- given effect without�he cemFlicting pr�wi,ion. T���hi.rnJ �he pruvi�ii�m uf this Security In.trument•rnJ the Nute ure deelared
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<br /> to be severahle.
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<br /> .. 16.Borrower's Cupy.li�irruwcr yhall hc givrn unc runli�rm��l ci�py of thc Notc anJ of thi�Sccurity In+trumcnt.
<br /> „ " Form 3018 8180
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