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<br /> - pr�ymcn�v may no longcr bc rcquircd,at the opda�of Lcndcr, if mortgagc insuruncc covcrago(in thr,nmount and [or thc pcdod �
<br /> thrat Lcndcr n,quiruv)�rovidcQ by an insurcr appravcd by L.cndcr again bccomag avnilablc nnd i.c obtnincd.Boaowcr shNl pAy thc =
<br /> prcmiums rcqulrcd to muintein mortgage insuwance in cffect, or ta provide a los9 rescrvc, unt)J thr, requircmcnt for martgege
<br /> insrmnce ends in c�ccordnncc wid�nny written t�ecsm�nt betwcen Borrower nnd Lcndcr or upnliaablo law.
<br /> 9.Inspectbn. Len4cr or its agcnt may make rcasonablc envics upon and inspccUons of the Propercy. Lendcr sha19 �ivc;
<br /> �Qrrower notico at th�Umc of or pdor to en inspec�On specifying reasonable cause for the inspectlon.
<br /> �,, 10.�ondemn9tton. Tho proceeds of eny� award or cicwn for dam�ges, direct or ec�nsr,qur,ntlal, in connecdon wit!►nny
<br /> - "' ,� con�demnudan or other tsking of any part of�hc Propeny.or for conveyence in liau of conderr�nation,ara heseby assigned end
<br /> " shull be pa!d to Lender.
<br /> 1n the event of a tntnl taking of the Propcity,�h�procecds shall be applIed to thc suma securcd by this Securiry Instrumcnt,
<br /> wtia�her or not then duc,with any eacess paid to Homower.In the event of n pardal mkL►g of the Pcopcccy in which t�c fair market ,
<br /> " vsilao of tho I'ropcny immediately bcfore the talcing is cqual to or grcatcr than the nmount of ttu;sums securcd by�his Security r.�: -
<br /> Ii�:�arument immedieteiy before thc taking, unles�Boaowcr and Lender otherwisc agrce in wriun3, thc sums secured by Ihis '" ` �a,s'�'�;:
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<br /> .�, Security Instrument shall be reduced by the emowt of the pr�ceeds muldplicd by thc followin�frncdon:(a)the w t a l amount of - _ -�--
<br /> iho sums secir,red immediately before the taldn�,dividcd by (b) thc fair market value of the Praperty immediate�Y beforc thc _��_
<br /> taking. Any balanco shaU be paid to Bo�sowcr.In V�e event of a partial taking of the Pcoperty in which the fair marYct value of the �' t k�_-
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<br /> � . . :". �1,upert�, immcdiatcly b;,forc the t:.�xir►g is less��the emount of tho sums sccured immedlately befom the teking� unless
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<br /> �'� Borrower end Lender othenvise a�ee in writin�a unlcss appllcable law otherwlse providcs,the proceeds sh�)]be applled to the °��- -
<br /> Q n_ • •. 1. �6.r wn� i.e m.mo ura thnn �tP ` ..
<br /> ' S117115 SCCUIGII Oy Ul�odwtij jTmuuT'v."S�::..:n....�.fK»...L._..._...._----^C�-" —_-- .'- -�_-�_
<br /> � If the Property is abandoned by Boaower, ar if.after notice by I.ender to Borrower t�.nt xhe condxmnor offeca to make an . .--
<br />' .;';.,,;,:�� awsud or settle a claim for damages,Borrower fa�1s tn respond w I.ender within 30 days eft�r tlze date tho notice Is given,L.cnder --_;;: "
<br /> '•`�1� is au�horizod to collect attd apply the proceeds. at i�s opuon,either to restoration or repsur of Ihe Property or to the sums secured jII �°.���
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<br /> ��'� ��''� ' by this Socrrrty Instrument,whether or not thcn�u�, �t��.
<br /> ' U�ass i[.ender and Borrower otheiwise a�e in wddng,any aPplicarion of procceds to principal shall not eatend or postpone 2�;�
<br /> �� the due date of tha monlhly payments referred to in p3ragraphs 1 end 2 or change the amount of such paymen�. .��l�y
<br />. ;�• 11.B�arower Not Rekased;Forbeamnce B�Lsnder Not a Weiver. Sxtension of the time for payment or modiFcatlon
<br /> of arno��T�on of the sums secured by U�is Secwily Instrument granted by Lender to any successor in interest of Horrower shall
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<br />- : ;,f�,�- ' :,.�2�..�•�to;�l�She +� �lEL�gf thr.nriroainal Ac�rmwer or Bor[owe•t's suCCesso[s in utlCies�1.eRde�shsll 1tOL 68[equired[o
<br /> � � r,ommence proceedings egainst any successor in imec�est or refuse to eatend time for payment or otherwLse modify amortlzation of
<br /> � � the sums secured by this Security Instrumcnt by�ason of any demand made by the original Borrower or Bosrower's successors
<br /> " in intemst Any forbearance by Leader in eaerc:ising any r�ght or remedy shall not be a waiver of or precluda the exercise of any
<br /> ,-.�.. • right or remedy. t
<br />� �;.;;;.' 12.Successore and Assigns Bound;Joint a�Several L�abiiity; Casigners. The cove�'�nts and agreemenLS of this
<br /> ' Security Instnunent s6aU bind nnd beaefit the auccessors end assigns of Lender and Bam�1er, subject to the provisions of
<br /> - � pacagraph 17. Borrower's covenants and egr�cme�ts shall be joint and several. My Bomawer who co-signs�his Securi�ty T
<br /> -�� Ir�st�ument but dces not execute the Note: (a) a co•signing this Security Instrument only to mortgage,grant end convey that •�_
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<br /> D�orrower'a interest in the Pcopecty under the tem�s of this Security Instnunent;(b)is nat personally ob1igated to pay ihe sums
<br />_ + secured by this Securlty Instrument;and(c)ag�rro�s thec 1.endcr and any other Borrower may a�ree to ea�cend.modify,forbear or
<br /> -- . .=-� make any sccommodadons with regard w the terms vf this Security Instrument or thc Note without that Bnrrower's consci►L ��_
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<br />�:1:'- .". �` ..� 13.Loan C6arges. If the loan secured by�his Securiry Instrument ls subjoct w a law which sets maximum loan charges, � -
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<br /> :_ .s.,�,.,, and that luw is finally lnteipreted so that the int�enst or other loan charges collectcd oz to be collected in connection with tho loan
<br />�`��.1,`.�.. . excced fl�e pe�miued limits,then:(a)any such l�n cherge shall be reduced by the amount necessary to reduce the chacge w the _
<br />��:�`"�`�'�`�f;'h � iucd Gmlt;and(b)eny sums elceady collectod 6rom Horrower which exceeded permiued li�rnits wlll be refunded to Borrower.
<br /> -=-!r"��,.,.i,;.:c. , �ndar may choose to �nako thls refund by rodueing the pr3ncipal owed under Ihe Noce or by making n direct payment to _
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<br /> --- • Bortowa. Tf a refund reduces principal, the r4duc�ion wlll be treated as a garaial Prepayment without anY Prepayment charge - --- -
<br /> -��"�:�:. � undcr thc Note. _ --- --
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<br /> -_ 14.Notias. My notice to Bornnwer provided for in this Security lnstrument shttll be given by delivering it ot b�r mailing it
<br /> _ ;�:��' ,i. ' by first class mait�nless applicable law requires use of another mes�iod.'Ihe nodce shall be directed to the Pcopeny Address or _
<br /> ' -+�""'" . any ozher address Horrower designatcs by notice to Lendcr. Any notice to Lend�r shall be given by Cust class mail to Lender's _
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<br /> --_�,�+. , .� address stated herr.in or any ofher address Lender dcsignates by notice to Borrower. My notice pmvided for in this Security '_._--_ --_
<br /> —'�''�;�� :< � . Inswment shall be deemed to have bcen given to Bc�rrower or Lc�►der when given as provided in this paragpnph. �_�_ - �
<br /> ' • 15.Govern�ing�.aw;Severabil�ty. T61s Security Insnument shall be govemed by federal law and the law af the �°.__.,�__..��__
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<br /> �� �• jurisdacdon in which the Property ia locatal. In the event that an provisinn or clause of this Securit Instnument or the Note �`°��°���-�_-- -
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<br /> � conilIct9 zvith applicable law,such conflict shall not affect other provisions of this Socurity Inswment or the Note which can be ���-�����=-
<br /> - 3 given effect without the conflicting pmvision. Tothis end the provisions of this Security Instrument and tha Note are declared to ,,.�������r�;r:
<br /> Y bc sevcrablc. � " `'���
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