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<br /> "'� , '�"'' substantially cyui�•alcni mongagc in�urancc ri�verugc i; nnt av��ilnhlr. Nurri���er�hal I pay� lu Lcnacr rach �nnnth a sum cquul tc�
<br /> • � • 'r��t oitc-t�vclfth ul� thc y�arly mortgagc in�urmrr premiunt hcing p:iid hy B��rru«rr���hcn thc in+ur:�nr¢ruvcragc I:tpti�d ttr rci��Cd t�t
<br /> ,. bc in cffc�t.I.cnd�r �aill .�rccpt. u,�und ret�tin[hctic paynunh a, a lu,ti rc,rrvc in licu uf murtgagc inturanrc. l.�n� rc,rrvc
<br /> paymcnt. may nn lun�:cn c�rcyuircd. �U thr upti�,n nl I.cndcr, if mort��ul:r insuranrr rovcr.igc(in ihc :unoum and fur Ihc period f
<br /> thal I.cnJrr r�yuire�l prm•idrd hy:in in•,urer,ipprnvcd hy l.�n�lrr a�uin h,cumc� avaflahlr�inJ i, uht;�����.i.ii���•���,��-rr+h�dl pay� _
<br /> - - -- -- thr�a•ntium� r�quira�d tu m;iint:�im m�r�n;��!�in�nrtmcr ist eltccL ur lu�,n�viele:t kr�� resert�r. until thc:req:tireittent lur m�,rtgage
<br /> insiu•ancc cndti iu:iccordanc�with uny�vripcn a�rc�mrnt hctwccn Burruwcr:md I.cndcr ur appliciiblr la��.
<br /> ., , 4 9. �ns�xcdnu. lAn�cr nr its u��cnt nmy makr r�asonuhlc cntric+ upun:md in�p�ctiun�of Uic Prop�rrty�. Lcndcr+hall �:iv�
<br /> [iun�u�ecr nnticc;u Ihc timc uf nr priur to an in,pertion ti�rify ing r�.�,�,m�hlc r;�u,c ti,r thc in.pcction.
<br /> � 10. Condcmnudnn. Th� pnucrds af uny award ur cluint I��r dicma�c,. ilirert ur run,cyucntiul, in cun�irrtiun with an}�;.�
<br /> ,. a rundenmatiun c�r uther taking uf'cm�• p:u�t �+t the !'mprrty.�n� fur c��nveyvirr in lieu ��f candcmnatiu�i,arc hereby uti,igned an� -
<br /> . ,hall h�p:iiJ lci Lrncirr. ,
<br /> . ; �� In thc cv�nt ul.�tutul Inking uf thc Prupsrty, thr proccedr shall hc upplicd tii Ihr+um++c��urcd ny dii� Scruriry In,trumrnt�
<br /> ..,•-:� . wl�cthcr ur nut lhcn Juc. ��ith uny rxresti paid ta Aurruacr. In thc cvctu uf a partial takin�; ul thc F'rupcny �n whirh thc t'uir
<br /> . - } m:uF.ct vuluc uf ihc 1'ruprrty i��im�di:dcly hcfurc thr taking i+rqual lu ur gmatcr than thr amuunt�►f thr tium• ,rrurcd hy thi,
<br /> • ,��� Security�[ntitrumeiu imnudi;nely hefur�thr taking.unleti�l3arruw�r anJ l.cnder uthenti�iu a�xec in wriung. the ,um��ecured hy
<br /> siryr,b °f this Scrurity Imlrurn:nt �h;dl hc rcdur4�l by thu amuun� i�l' lhr pr�nrcJs multiplird hy Ihr fnllo�ving t'ractiun: lal thc t�ual
<br /> ' ', � amount ot�Utc ,wm ,crtu•eJ imrncJiutcly hctiirc thr r,iking. dividrd hy (b) the iair niarket �alur ut thc Prup�ny immrJi:urly
<br /> hctiire Ihe Iaking- Any Nulanre tihall hr paiJ to Rrn'r��wcr. In thr �vrnt c�f a partial taking uf the Property in a•hirh thi t�air
<br /> � markct value uf ihe Pn�prrty immediatcly hcti�n the taking iti Ies.tliun thc amuunt uf thr +um,secured i�yinkdiatcly hafnre thc
<br /> taking.unlcs� Bnrrowcr und Lcndcr�uhcn�f.c agree in writing ��r unlesti applicahlc law uthenvi�e providcti,thr prncrcd��hall
<br /> ' � hc applic�.f ta thc+ums sccurcil hy th�ti 5cruriry Instrumcnt�+�hethcr ur n�u Ulr.umti arr thrn Jur.
<br /> ' I(tlu:Pruperty is abanduncd h�• Durro«�cr,ar if. :�ftcr noticc by Lcnder to Bi�rm�vcr th.0 thc cundcmnor uffen ta makc:ui
<br /> awan!ur setde a claim fur Jumugca. Burcower I'ails tu respond ro Lender within :�0 days after the date the notice i� given.
<br /> -__ '%r,: I..ender iz authurized to collert and apply the prc�eerds,at its opticm,either to restoration or repair of the Pruperty or to the sums
<br /> ° , secured hy thi�Security Instrument,whether or nnt then dtte.
<br /> - ' Unlcss Lctxler and Bnrroa•cr �therwise agrcc in writing, any application of prorecds tn principa! hhul! not extend or
<br />';; ,,,�.: '�t pi�stpone thc duc dute of the monthly payme»ts rcferred to in paragraphs I and 2 or change the amount of such paymcnts.
<br />=��t-��•�.:�.1;. ll. Borra�ser Not Released;Forbearance By I.ender Not u Walver. Extension of the time for payment or modification
<br /> ut'.unorirition o(thc sums secund by this Security In�trument granted by [.ender to any,uccessar in imeresi of Borrc,wer shall
<br /> . .,:.�i � not operrte to rclease Qic liahility of the original Borrower or Hurrower's successors in interest. Lender shall not be rcquired to
<br /> '�`` 'i rnmmence proceaiings against any successor in intere5t ur refuse to extend time for payment or atherwise mndify amortization
<br /> - ••'� of thc sums securcd by this Serurity In�tniment by rcason of any demand made by thc uri�inai Borraver or 8orrower's
<br /> "�''",• . , surcessors in in[erest. Any forbcaranre by Lender in exercising any right or remedy shall not be a waivcr of or prcclude the
<br />_ � '•Sr:,°. cxcrcise of any right ar reinedy. -
<br />-�"s�� 12. Succe.csors and Aasi�ns Bound; Jolnt and Seversl LiablBty; Casi�nen. Thc covenants and agrzemcnts of this
<br />-°'='-° Security Ipsnument shall bind und benefit the successors and a+signs of l�nder an d 0orrower, subject ro the provisions of
<br /> �'�`�"�•" ara*ra h 17. BoROwer's cavenants and a recments shall be oint und several. An Borrower who co-si ns this Securit -
<br /> - -. •�. P' b'P S .1 Y � Y
<br />-•����=.�,,•� Instrument but does not execute the Nnte: (a) is cu-signing this Security Instrument enly to mongage,grant and convey that
<br />-����+`'r= o.. .• • a �.� s' • c ' i � 11 61' r 1 �n n v�{�`c�
<br /> _ uvilYinCP'i ii�La:iili iIi i�i�; S'ifiNCiiy iii'iu�i 2u�iCtiuS u� i�iS.a�Cuiii� Ti�iiiuiTi�iu: (�I i:;�O. �.^^..S'.`�LSii.9..� L`...lb«.::. �.3� .lS:`.,`. -
<br /> �='�",� � secured by this Securiry[nstrument;and(r)u�recs that L.ender and any other Bon•ower may agree to cxtend,modify, forbeur or
<br />°_ ��;'�'�.� mukc any accummadutions with rcgard to thc terms of this Security Instrument or the Noce without that Borro�ver's consent.
<br /> =����"•`��*iZ�� 13. Loan Chut�es. !f the loan secuct�d by this Security Instrumenc is subject tc�a law which sets maximum loan charges,
<br /> -�M��� and that law is finally interprcted so [hut [he interest or other loan churges collected or to bc collected in connection with the
<br /> ___�-� luan exceed the pennitted limits, then: (a)any such lonn charge shull he reduced by the amount�ecessary to reduce the chnrFe
<br /> - ---- — to the pennitted limit and(h) any sums already collected from Bo�TOwer which exceected permi¢terl limits will be refundecl to
<br /> Borrower_ Lender may choose to muke this refund by reducing the principal owed under the Note or by making a dimet
<br /> _ payment to Borro�ver. If a refund reduces principul, the reduction will be treated :�s a panial prepuyment withaut any
<br /> ___ __ prepaymcnt charge under the Note.
<br /> __ l4.Natices.Any noticc to Borro�vcr providcd for in this Security Instrumcnt shall be given by dclivering it or by mailing
<br /> - it by first rlass tnail unless applicable law reyuires use of another method. The notice shall be directecl to the Property Address
<br /> - or any other address Borrower desi�nates by notice tc� Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated henein or�ny other uddress Lender designates by notice to Borrower. Any notice provided fur in this
<br /> Security Instrument shall be deemcd to have bccn given to Borrowcr or[.cndcr when given�.s provided in this paragraph.
<br /> 15.Governing LnvY; Severnbility. This Security Instrumcnt shall be governed by federal luw and the law of the
<br /> jurisdiction in which the Property is locrted. In the event that any provision or cluuse of this Security Instrument or the Note
<br /> conflicts with avplicable law,such conflict shall not affect nther provisions of this Security Instrument or the IVote which can be
<br /> given effect�ti�i¢hout the conflicting provision. To this end the provisians of this 5ecurlty Instn�►r�ent and the ivote are declarod
<br /> - to be severable.
<br /> 16.Borrower's Copy.Borrower shall be given oue conformed copy of the Note und of this Security Instr�ament. _
<br /> 17.Transfer o�F the Property or a Beneftciul Inter�t in Borra�ver, if all or any part of thc Property or nny intcrest in it
<br /> is sold or transfeRCd (ur if a beneficial interest in Borrower is sold or transferreci and Bonower is not a natural person)without
<br /> -_ Lender's prior written consent, Lender mt�y, ut its option, require immediate paymcnt in full of all sums secured by this
<br /> �_-= Security Instrument. Howevcr. this option shall not be exercised by Lender if cxercise is prohibited by fcdcral law as of thc datc
<br /> . of this Sec�irity Instrument.
<br /> :T,,,�.��� If I.ender exercises this option, L.ender shall give Borrower notice of acceleration.The notice shall provide a period of not
<br /> -�'a� less than 30 days from the dute the notice is dclivered or mailed within which 8orrower murt pay all sums securcxl by this _
<br /> -'��*;� Securiry Instrumcnt. If Borrower fails to pay thesc sums prior to the cxpiration of this period, Lrnder may invoke any remedics
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