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<br /> ; paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, �__
<br /> ` paying reasonable attorneys' fees and entering on the Property to make repalrs. Although Londer may take r
<br /> action undr�r this paragraph 8,Lender does not have to do ao. ,
<br /> � I Any amounts disbursed by Lender under this peragraph 8 shall bec�me additlonal debt of Borrowers •
<br /> 1 secured by this Security Instrument. Unless Borrowers and Londer agroe to other terms of payment, these .
<br /> .�..•.�� amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with . y • �
<br /> � interest,upon notice from Lender to Borrowers requesting payment. • ---.
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<br /> If Lender required mortgage insurance as a condition of making the loan secured by this Security ; ,. ._;�
<br /> Instrument, Borrowersshallpay the premiums required to maintain the insurance in effect until such times ,' •'"' {��';, .�x.,;�_-
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<br /> as the requirement for the insurance terminates in accordance with Borrowers' and Lender's written .��.�:�^?�' �•%-.-
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<br /> � agreement or applicable law. '' "�
<br /> 7. Inspection. Lender or its agents may make reasonable entries upon and inspections of the • __
<br /> . Property. Lender shall give Borrowers notice at the time of or prior to an inspection specifying reasonable _` ;"1:.__�
<br /> cause for the inspectioin. T' ��
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<br /> � ' 8. Condemnation. The proceeds of any award or claim for damages,direct or consequential, . . ,...
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<br /> � in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu �;�'yr�.
<br /> uf condemnation, are hereby assigned and shail be paid to Lender. ''���r'"�
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<br /> . In the event of a total taking of the Property,the proceeds shall be applied to the sums secured ���.
<br /> ' � by this Security Instrument, whather or not then due, wfth any excess paid to Borrowers. In the event of �,',.,�:°-
<br /> � y a partial taking of the Property,unless Borrowers and Lender otherwise agree in writing,the sums secured �-�r.A�
<br /> t by this Security Instrurnent shall be reduced by the amount of the proceeds multiplied by the following �
<br /> � � fraction: (a) the total amount o f t he sums secure d immediatel y before the taking,divided by (b)the fair __ _
<br /> . � market value af the Property immedfately before the taking. Any balance shall be paid to Borrowers. _
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<br /> - � if ii��n F�vperiy is abandansd b�� Burru�erc, �r if, nher notice bv Lender to Borrowers that the —
<br /> � condemnor offers to make an award or settle a claim for demages, Borrowers fails to respond to l.ender _
<br /> within thirty 130) days aker the date the notice is given, Lender is authori:ed to cotlect and apply the _ --
<br /> '` proceeds,at thair option,either to restore or repair the Property or to pay the sums secured by this Security
<br /> - � � Instrument, whether or not then due. -�_
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<br /> i Unless Lender and Borrowers otherwise agree in writing,any application of proceeds to princlpal
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<br /> ��; shall not eMend or postpone the due date of the yearly payments reterred to in paragraphs 1 and 2 or
<br /> ,... change the amount of such payments. _
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<br /> �' 9. Borrowers Not Released;Forbearance by Lender Not a Waiver. Extension of the time for
<br /> �' payment or modification of amortization of the sums secured by this Security Instrument granted by Lender
<br /> � to any successor in interest of Borrowers shall not operate to release the lfability ot the original Borrowers
<br /> � `• or Borrowers'successors in interest. Lender shatl not be required�o commence proceedings against any -
<br /> �� . successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums
<br /> •�� secured by this Security Instrument by reason of any demand made by the original Bon•owers or Borrowers' _-----
<br /> successors in interest, Any forbearance by Lender in exercising any r(ght or remedy shall nut be a waiver
<br /> � � of or preclude the exercise of any right o►remedy.
<br />- s' � 10. Successors and Assigns Bound;Joint and Several Liability;Co•signers. The covenants and w._ _
<br /> • � agreements of this Security Instrument shali bind and benefit the successors and assigns of Lender and �����:
<br /> - ` � Borrowers. Borrowers'covenants and agreemants shali be joint and several. Any Borrowers who co-sign �:
<br /> •. this Security Instrument but do not execute the Note: (a) are co-signing th(s Security Instrument only to
<br /> � mortgage, grant and convey that Borrowers' interest in the Property under the terms of this Security �'r°"`�'"3-����"'
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<br /> � j Instrument; lbl are not personally obligated to pay the sums secured by this Security Instrument; and Ic) `� :�r e, ��r._�.,
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<br /> agree that Lender and any other Borrowers may agree to extend, modiiy, forbear or make any T:'�
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<br /> j accommodations with rega�d to the terms of this Security Instrument or the Note without that Borrowers' .�„-,,, ,
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<br /> � consent.
<br /> � 1 1. �egislation Affecting L9nder's Rights. If enactment or expiration of applicable laws has
<br />� the effect of rendering any provision of the Note or this Security Instrument unenforceable according to
<br /> - its terms, Lender, at its option,may rec�uire immediate payment in full of all sums secured by this Security
<br /> ' Instrument and rnay invoke any remedies permitted by� paragraph 17. If Lender exercises this option,
<br /> � Lender shall take the steps specified in the second paragraph of paragraph 17.
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<br /> - 12. Notices. Any notice to Horrowers proviaed ror in inis Sncu��iy uwatun�o�n.���..••....�^-^ r
<br />- � by delivering it or by rnailing it by first class mail unless applicable law requires use of another method. �
<br /> The notice shall be di rected to the Property address or any other address Borrowers designate by notice
<br /> - to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any
<br /> • other address Lendor designates by notice to Borrowers. Any notice provided for in this Security
<br /> Instrument shall be deemed to have been given to Borrowers or Lender when given as provided in this
<br /> - ' paragraph.
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