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<br /> � � : paymeuts may ao tonger be required.at the option of Leader.if mangage insu:ance coverage(in the amount and for the period €. ;`.` • , _ ` . .
<br /> .. � . � that Leader�ea4uires)Frovided by sn insumd apPraved by l.ender again becames ava�7able and is abiained.Bonower shall pay the � . . .
<br /> ;. � piemi�uns requIIed to roaintain mmtgage msoraace in efl'ea.oz w provide a loss reserve,unt�tha req�eaaent for mortgage � �� `._ ` .
<br /> : � insu:ance m�s m acxosdance wuh anY���t betweea Boaowea and Lender or applicabte 1aw. 4
<br /> _ . - � 9.Inspectton. I.endea or its ugent a�y make reasonahle�taes upon and iaspections of the Property.L,cader shall�ive � ' - -- - ,
<br /> , . � ` Boaowea notice at the time of or prior m an inspecuon sgecafying reasonable ca�se for the inspectinn- � �� , < _
<br /> ' � r,� 10.Condemnatioa The proceeds of any aw�d or claim for damages, duect or conse�luential.in connecaon with any l . V � `.•,.
<br /> � � '• condemuatian or other taking of any pait of the PmpeRy,or far oonveyance m lieu of condemnation,are hueby assigned and � .
<br /> " . shali 6e paid tn Letider. �
<br /> ' In the event of a to�l taIdng of the Ruperty,the pmce�ds shall be apptied w the s�ms sec�red by this Secaa�iry L�strmnent, ; . - .
<br /> --- whether or nflt then due,wit�anY eaccess Paid to Bormwer.In the event of a parrial taking of the Propeaty in which the fa'u market i ' .
<br />._. _._.—.—-- - vatne of 1he Prop�tp am�►ediatelY before the�king is eqaal to or geater than the amoimt of the sums seciued by Wis Secauity -`-_,—_- -.
<br /> .. Ius�umeat immediai�lY hefore the talang,nnlcss Bomowu and Ixuder athFSwise agcee in writiug, the sums secured by this . .
<br /> � ' . Securit}►Insm�mea�t sLall be rednced by the amomn of the proceetLs m�ltiglied by the folIoaring frastion:(a)the tntal amownt of . . .
<br /> � : � tl�sums secaued immediatcly 6efore the tatang,divided by(b)the fair market value of the Prope�tty+� ;arply befote the _ �,� ._
<br /> : � taidng.Any balance shaII be paid to Bonawer.In the evee�tt of a pardal ta�g of the Property in which the faa market value of the :...r:: .. ;. ..
<br /> - � � �P�Y ��Y befare the �ng is les4 than the arnount of the sums sec�med 'm�mediately before We taldng, untess .
<br /> � Borrowe,r and Lender othecwise agree in wribmg�untess applicable law otheawise grovides.the pmceeds shall 6e applied to the . .
<br /> sams s�by this Securiiy Insbromeat whether or not the stJms are then due.
<br /> If the Propeaty is abandnned by Botmwer,or if,aftei notice by Lendcr�o Bonower that the candemnor offers to make an :�:i`�.:
<br /> award or sa�a cta�for damages,Boaower fa�s to zespond ta Leader tvahi.n 30 days aftrr the date the notice is given,Ler►d� � `,�."',�'";.
<br /> ' � . is aathoriud to coIIecx and apply the proceedg,at its aption,eit�er tn restorstion or rxpaa of the Properry or w the snms sec�aed _ •.': ;q.:--.
<br /> . 6y this Sec�rity Insoc�t,wheth�or not ihen due. � ,•+'�,`_
<br /> , . . Unless I.euder and Baaower oiherarice agree in writung,any appticatinn of pmceeds to prmcipal shall noi extead cr tsastpone �. ,,
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<br /> �..; die due date of the montiily paymeats refeared w in paragrapbs 1 and 2 ar change the ammmt of sach payments. • • ;:,�,.�-.
<br /> �� Yi.Borrawar Noi Released;Forbearance By Lender Not a Waiver. Eatea�sioa of the tune for payment oz modi�arion �` �_'
<br /> . _.' of ammrtuation of the sums se�ured hy this Secmrity Instrument g�anied hy I.eader to any succ�ssor in interest of Barmwer sball � _ :�`�.�
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<br /> � �• not opetate to release the liab�ity of the origi�►al Borrower or Boaowa's s¢ccessois ia interest I.ender shaD not be�qused w � ��,.;;�:,
<br /> .�'`� wmanence piaoeedings agamst aay successos in amt�rest or refuse w extend 6me for paym�nt or othe�vise madify am�zaaon of '}.<,,�,,:
<br /> � :. ,.� the sums sec�ed by this Se�arit�r In.4trume�tt by reason of any deanaud made by the original Banower or Boaowea's ss.ocessois : :�::; .:%'°"-.
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<br /> : _ .'" `:'j in int�sL Aay fo�'bear�ce 1sY Leader am eaeccisinS any right or mmedy shall not be a waivea of or preciude the exercise of anY ._.. , ....
<br /> ,. l right or�aedy. ,��..�:
<br /> 12.Saccessors and Assigns Bovad;Jaint and Several Ltabilit�9t Co-signera.'i7ie covenants and agreements of this ; : �w'�
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<br /> Sec�aity Insaument sdali bind and beaefit the successors and a�signs af Lender and Bormwer,suh'ect w the pro�isioas of �s-,�-`.
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<br /> . - pardgtaph 17.Boaowea's cavenants and agreements shail be joint and sevaaL My Bonawar who co-signs this Secmrity �:�:��-•
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<br /> _ � � 1ns�ument but does noi ea�ecate the Noie: (a) is co-sigaing this Sea�rity Ins�trument only w mortgage,g�ant�d convey tbai �.�.�;,`
<br /> ' Bamnwer's interest in the Anpesty under the terms of this Sectuity Instrumeai�(1�)is not pasonaliy obligated to pay the sums •.�_.>,�:
<br /> � secused by ihis Se�rity Instramenx and(c)agrees thai 1.ender and any other Borrower may agree to extend,modify,foibear or -� .
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<br /> . make mry accommadatioas with regard to the te.rm4 of this Secisity Insuument or the Note wid�out Waz Bomuwer`s consent _�- =} ,.�
<br /> _ - 13.Loaa Ci�asges. If the loan sec�ued by thig Secmity Insuument is subject w a Lar which sets maAimum loa-�charges, �.�:;��' _.�.r 1.';
<br /> . ' and tLai law is fmally intespteted so that the interest or other loan char�es collected or w 6e coIIected"m conneqian witb the loan ".^'';."'
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<br /> - • ' exceed the peamiued limiB,then:(a)any such to�cdarge shall be reduced by the amaunt necessary m reduce the cbarge ta t6e - - `' ;�'-.-;
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<br /> . .� p�ived l�i�and(b)any sums already callected from Bonower which exceeded per�niued lirnits will be refunded to Boaower. , �,�`_:
<br /> � � . �' I.ea�der may chaose to make e�s�fund by reducing the principal awed undea t5e Note or by makmg a direct payment w —
<br /> � Bormwer. If a refumd redaces principai.the rednqion will be tteated as a partial prepayment without any prepayment charge --
<br /> .� . aader theNote. , ' '-
<br /> � 14.Notiaea. Aay nodce w Bosrower pmvided fos in this Security lnstrument shall be given by deliveaing it or by mailing it . �!'R`'_'
<br /> , ; .� by fisst ctass mail unless applisab2e law requires use of anothea methad'If�e notice shall be dIIected to the Property Address or n �`,.•
<br /> . any othea addr¢ss Borrower designates by notice to Lendea.My notice to L,ender shall be given by first class mail to 1.endea's .: .. .q
<br /> '` ' address stated herein or any other address Lender designates by not�ce to Borrowea.Any notice provided for in this Security .
<br /> ' Instrument shaII be deemed to have been given to Borrower or Leader ahen given as provided in this paragrapb. �
<br /> � 15.Gove(d:'�B.aw;Severa6�ity. 'Ibis Security Instrument shall be govemed by fedaal law and the law of the . .
<br /> � jnrisdicdon in whica the Property 1�lacated. In the event that any provision or clause of this Securiry Instrument or the Note • . , ,
<br /> conflicts with applicable law,ss:c5 conflict shall not affect othcr provisions of this Sec�ffity Instrument or the Note which can be . . .
<br /> � � . given effect arithout ihe wnflicC�;provision.To this end the pnovisians of this Securiry Instnunent and the Note are declared w • � ' •
<br /> be severable. � . •
<br /> � Form 3028 9190 �
<br /> � , �-88(NE)co2�zLO� aaaeso+e �nroais: . .
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