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<br /> - . • ; Pa►Ym�cs may uo longer be reqaired,at die ogtiQn of Leade�if moitgage ros�aance wvecage(ia the amount and far the peliud ` ` .
<br /> tl�L�der requues)Provided bY aa msnrer apg�ov�by Lender aga�n beoomes available aad is obtaiaed.Boaower shall pay the �, • � ,�;� `
<br /> ` '� . ` premiums�loued w mamtam mortgage ms�a ia e�'ecx,or to piaride a toss reseave.nntil tbe requaemeat for rnartga�e Q� �"`. .
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<br /> . '.1� ias�nance emds in accordauce with�►y wrif�n agc+�aemeat betwcen Boaawer and Lendea or applis�b3e laiv. � • :.;: �:' ` �
<br /> ; .,. 9 Inspectsnn. Leudcr or as agent may make reasonable eaurks apon�d mspec�ons of the pcopeny.t.eade,r shall�n+e� . .
<br /> .. _�` Boaower notice at the 6me af ar prioi to an wsp�tion specifying reasonabi�cause far the m�p�on.
<br /> � IO�ondemnatton. 'Ihe psoce�ds of aay award or claim far damages.d'uect or wnsEqueatial, iu connection witL any � �
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<br /> __-- - �_��� wade�ation ar ather t�aag of aay pait of the Rope�ty,or far oanveyance ia�ieu of condemaation,aie ha�by asvgued and� _ ._
<br /> • " . :�,.�� shali be pand w Lender.
<br /> . In the eveut of a total tat�g of tLe Propeaty,the proceeds shall be a�plled w the sums secaured by dus Seauityr Insaumeut,� � t.. � .
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<br /> � ' n �w6ethea or not�dne.arith any excess gaid w Botmwea.In the eveut of apartial taking of the Propaty in wdich the fair market •� ., ,,.'Y ' ..
<br /> . , valnc of the PiogeaR1►immediarety before the ta&ing is eqnal w or gmalra th�the amount of the sua�s seaued by this Se�auity ..�. � • :
<br />� -- _ Ins�nmeat unmediaiety befare the taking,un1�Bomawea aad Leuder othera�ise agree ia wriUng,the su�ns seaued by this � �=�, :4�: t:-;,� .
<br /> '- Sec�aity Iasuament s6a11 be redvoed by the amo�mt of the pioceeds mai�plied by the foltowing ftat�inn:(a)the total amouut of. � -. -
<br /> . ' ` ��z the sums se�aued imme�diately befane the takmg,d►vided bl►N?the fair market valae of the Pioperty immediateIy before the ---_
<br /> :"-'r , ` .� �' �aking.Anyr batancc shall be paid m Bormwea.In the event of a paitial�lCing of the pioperty in ahich the fair market valne of the � �.�� ._
<br /> . � " - �P�Y �Y t�et'aie ti�e takmg is less tban the amamt of the sums seaaed immediafety befare the tal�g,unless �'� � �,J ----
<br /> �.<` Baaowea and Lee�der othe�wise agi�ee in wri�ng ar�mtess applscable law othecwise gmvidcs,We pmceeds shall be applied to the -_
<br /> �. �" . smns sec�ed by tlris Secmiry ImsWment wdether or not the snms�then due. ._
<br /> . If the Paoperty is abandoned by Soaawer,ar i�after narice by Lender to Boaowpa d�at the condemnor offers Eo make an �;;`,�1;;',:,.,:,.-i
<br /> ':',: ;'`: award or seale a ciaim for damages,Barrawer fa�s to respand oo Leader wit�hin 30 days after the dase the nouc�e is given,Ieuder - —
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<br /> ' .� "'� is aatharized m anilect aad a�ply die pmc�ds,ai ilss ogtion,either to reswraiinn or repair of the Arapeity ar m the sums seciaed ;��-�.--
<br /> :' � '`'�" by fl�is gec�y,L�suament,whetLca oraott��s due. . _ ''�':�.
<br /> Unless Lendar and Brnmw2r otitawise m writia ,an lic�tina of cceds w shall not ext�d or : '���.-
<br /> , �`�.� $�'� g y� � �� ���IIE !t. $'.r�,.
<br /> _. • �;, the dae date of the awnthiy paymcmts refe�ed to in pa�ag�ag�s 1 and 2 or ct�nge the amount of suct�paymenta . �:: . �:x.' ,,_�,-�
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<br /> `� � � ll.Bormwer Not Betease�;For6earanae By I.eader Not a�Vafv�r. Exteasian of the time for paymeni or modiScaiion ;:t;�r;% :���'a
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<br /> ;��. . - of am�an of the sams sec�ed by thiv Seauiry Instrum�t graated by I.ender to any suc�essor m inL�est of Borrowa shall _ '_ �:��
<br /> .;_ . . not operare m release the liab�lity of the originat Bo�rowu or Boimwer's suoce.s.�ats m inteaest.I.eadea sLall not be s+equired w � __�_
<br /> ' � commeace Pr'nceediAgs again.st anY saooessor w inte�t or nefuse tfl extend taae for paymeut os otherwise madify mttasti�ation of _ :.-;�_�i4.,
<br /> ' the sums secared by this Seaaity InsUUment by rcason af any detnand made by the original Bmroacer or Borrower's successois ,.
<br /> in inte�,st.Aay fo�bea�ance by I.ea�dea�exacismg a�y rig6t or remedy shall nct be a waiver of or preclude the eaea�ise of any ``�°'°��-'
<br /> r3ght m rnmedy. • - _ -
<br /> . ^ �; 12.Saccess�ps and Asgtgos Boaind;.Tofnt aad Several Lfabillty;Ca�igaers.11�e wvenants and agreemeats of this � � °
<br /> Securiry Insaument shall bind and beaefit ihe successors xnd assigns of Lendea and Borrower, subject to the provisions af �'
<br /> . _. � �` ;:�_ , para�rap H 1 7. Bmrow c r's covenants an d agreements s h a U be jo i nt an d sev w a l. My Bormwer w ho ca s igns t h i s S e a a i t y �. " --_
<br /> Iru�ume�t but 8oes aot execute the Nate: (a) is co-signIng this Security Tnswment onty to mortga�ge.grant and oonvey thal ` -"',,. ` .•fµ=
<br /> .__ ._ _ -r: Bo�rower's interest in thc Propcity undeJ Q�e temis of this Security Instruumeat;(b)is not persunaUy obligated to pay the swns , . --�
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<br /> .. . . secured by this Secarity Inswmett�and(c)agrees that T.ettder and any other Bonower may agree to e�ttead,modify,forbear or :���..-
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<br /> � .. . make aay accommodadons wilb reg,ard w the terrns of this Security Ins�ument or the Noie without that Bosowea's consent ,�l . ' ++�!"---'
<br />-� � � 13.Loan Chargea If the Ioan sectued by this Security Instrument is subject to a taw which sets maxlmu�toan charges, � �� �"°
<br /> ; . . �,,
<br /> . • , ', and that taw is fmally inteipreted so that We interest or other loaa ct�arges couea�d or to be collocted in cannectian witb the loan � , ry r
<br /> .�,:' . exceed the p�mdued limits.then:(a)any such loan c6azge st�all be reQucea by the amount necessary w reduce the cdarge to the �� . -
<br /> �;��'., . '' .� peainitted limi�and(b)any autps already collected from Bormwer wdlch exceeded peamiued llmitg w�l be refunded to Boaowe�r y ' •, ';�"�
<br /> -_ '. Lendea may choose to make tlds retand by redacing the principal owed under Qie Note or by making a dire�payment W • �=�:�.��°
<br /> ' Bormwer 1f a refund rednces prirtcipal,the redacdon will be treated av a paitial prepayment without anY PreP�Yn►ent charge � .
<br /> � nnder d►e Note. . � . ..
<br /> �. 14.Notices�. My nodce to Ba�sower provided for in this Sec�riry Insuument sUaU be given by deliveslag it or by mail�ng it
<br /> � � � by fust class mail unless applicabte 1aw requir�es use of another method'Ibe noSce shall be directed to the Prope�tyr Address or„ `� � ��
<br /> ,. . �
<br /> ' `� . ` . . any othea address Borrawe�designates by noricae w l.endea.My nodce w Lender shall be given by frrst class mail w Leaider's..; .. .
<br /> addre�stated heae�or any other address Lender designates by no6ce to Bo:rower.Afir aotice pravided for in this Secmity,;�: •. . ,
<br />. .. . � • . Instrumeat shall he decmed to have been given to Borrower or Lender whea�given as provided in lhis paragaph. _ � .
<br /> . I5.Caverntn�Law;Severa6313ty. This Security Inswment shall be govemed by fedeaal law and the 1aw of the .
<br /> . � jurisdiction in wGicb the Propeny is located.In the event that any pmnrision ar clsuse of this Security Inswment or the Note W . `j . .
<br />: . � conflicts with applicable 1aw,such conftict shall not affect othea provlsions of this Security Instrument or the Note which can be :
<br /> • ' • given effect without the coMicdng provisIon.To this end the provislons of this SecurIry Instrument and the Note are declared w .
<br /> � .� � . � be sevetabte. . �
<br /> ''�� � Form 3020 9190 . .
<br /> ..:i. ��8R(NE�cs2+2f.o� Papedol9 mmair. • _ . ..
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