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<br /> � • ` `r` � paYme,ats may no langer 6e required.az thc ap�on of Lend�.if mnrtg,age insurance coverage('m the amoant aad for the Feliad . f �
<br /> � t h a t L e a d e r a e q�u e s)P m v i d e d b y a a i n s u r e r a p p m v e d b y L R n d e r a g a u►b e c o m e s av a i l a b l e a nd is obmined.Bomawer shatl p a y the �•, � ..``
<br /> � F��4used to mauttain mortgage�aance in effea.or tn psovide a loss reserve.imul We requuan�t for mo�ag� - . ��• :.
<br /> , ' ` insuraace�ds in s000rdance with�►y wiit�a ag�eemeat betareea Barmwer and Ltades or�Iirable law. � ' ' • • `�`
<br /> .:;.���. 9.Inspedion. Leader ar its ugent may make�onable eauies upon and�pec�ons of the Propeity. I.e�dca shall give � . �, <
<br /> ` � Bonower nodce at the time of or pzior w an ins�ec�on specifyioag rea�onable cause for the inspection. � : t
<br /> , :--. - --- 10 CondemnamTon �e pmce�s of airy award or ch+m for damages,direct or constqueutial, m�cioa vritla at�y � - .. _ -
<br /> condeinnadon or ather latmg of any gart of the Fcopeny.or for canveyanoe in fieu of candemnatinn,are he�eby assi8�� � < �
<br /> . � , shall be paid to Lender. � ..
<br /> In the eveut of a toml taking of the Pm�erty.the praceeds shall be applied w the s�s secured by this Securiry Insm�eat, `
<br /> ` -. - aheWer ar not then due.with any excess paid�o Borrowa.In the event af a partiat tatdng of the Propeny m wttic6 the faa m�rket � ; . -,
<br /> ,�. , : `':.� vaine of the Pmpeity unmediar�ly before the tatang is equal w or�tl�an the amount ef the snms saciued 6Y this Secauity : ` �.i r t,���,
<br /> � . Instrament immediate3y before the�aking,unI� Bmmwa aad Leader othcawise agiee ia writi.ag,thc sums secured by this •.r��„_
<br /> � . . . ,�.• Seaaity Insuumeut shaU toe rednced by the amoimt of the proceeds muitipl'ied by the following 6action:(a)the total amoaat of , °` :+""s.=`--`
<br /> • . � tbe sums scaued immediatety 6efote the taking,divided bY(b)the fatr m�icet valae of the propeny immediateiy be�are the �� �.-�_.
<br /> � taking.Any balance shall be paid ro Bo�rowea.In the eve�t of a partial ta�g of th$Propelty in which the fair marlcet valae of the ``•'`� � �—
<br /> . pmp�ty �trnediatety befo�the tairing is less th� the amount of the sums seciue� immediately before the taking, �iess . . . - _
<br /> `� Bmrnwer and Lender othelwise agree in writmg or m►les4 applisahle law otherwise provides.thE prooe�ds s6at1 be applied to the . . _-
<br /> , .; i swas sea�ed by�fds Seauity Ias�mnait wbether or not the sums ate then dae. s• 6' ���T�.=•'
<br /> ' If the Pcopacy is abandoned by Borrowed,or if,after notice by Leuder to Bomowea that the coudemnor offers w make an i"�•?�•�_-
<br /> � � '--'�� award ar seule a ctaim fm damages.Borrower fails w nespand ro Lee�des within 30 days aftcs the date the noqce is given,Lendea ___:.��
<br /> • � --� is authorized t�n col�ect and apply the ptoceed.�.at it�option,eithea to mstoraii�n or repair of the Propaty ot Lo the sums secased , • ��__..
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<br /> ;y.�� by this Secaurity 1ns�umeat,wdeth�or not then dus. . � �._ _
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<br /> " Untess Lee�der and Bomawea othawise agree�writin&,aaY aPPlication of tn ` `•"�µ
<br /> _��� Proceeds Pric►ciPal shall not extraW or postpoae : ,. -.�:.:��.
<br /> , the dne date of the monthly paqments referred w in pangraphs 1 and 2 ar cbange the amonnt of sach p3yme,nts. �T� "
<br /> ` �� r-c rt 11.Borrower Not Reieas¢d;For6earance By Lender Not a Waiver. Exteasion of t6e dme for payment or modificaCon - -��.•:�`�_
<br /> � of amortvation of the sums sec�aed by this Secauity Inspr�meat granted by L,ender to any success�r in�terest of Bosrowea shall ';r�
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<br /> • aot o e:ate to nlease We tiabi3ity of the ori Bmmwea or Borrower's succes�ois in int�st.L�ndea shall pai be ieq8aed ou �; :;�"
<br /> �, wmm�ce procecdings against any success�teaest�mfuse w eztead ume for paymeat or othawise modify amordration of . �:�.'�=,.
<br /> a�e sams secured by this Serauity Instmme�t by reason of any dernar►d made by the original Borruwea or Barmwea's successors , s.,
<br /> ' m mteiest Any forbearaace by Lendea in exeacivng any right or remedy sGall Aot be a waivea of or preclude the ea�of any ;`i; �' •` ��.^�_
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<br /> . � ' right or rWne�y. ' • ,'��
<br /> 12.Snc�nis and Asstgas Bound;doiat and Several Lia631ity;Casignera'Ihe covenants and agreedne�ts of t�;s . '.:.`�""�L
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<br /> . � � SecUriry Ins�nmeai shall bind and bea�efil the successors and ass�gng of I.wdea and Borrower, subject w the provisions of . " ''�+
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<br /> � p�ag�apb 17. Bonower's wveaants and agreeaeeats shall be joint and seve�al. My Bor�ow� who ca-sigas this Securiry : "`-`
<br /> � � � � Instnunent but does not execute the Note: (a)is co-si Y���,S�t and conve t�ai '� '~��f'°
<br /> � gnmg this Seturity Instrument onI y a �>•, ;;��-
<br /> � . Borrower's mteaesc in the Froperty ander the trams of this Sepuity Insronuueng N)�S not personally oblipted to pay the sams ..: ��`:-i��;
<br /> se.aued by this Secarity Instrumen�and(a)agces that Lend�and any other Horrower may agree to e�ctend,modify,forbear or . .';'': . ;�,r
<br /> � make any accommodations with re�ard w the terms of this Security Inst�ument os the Note withoat that Borrowea's consart • ��`��-
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<br /> . ' 13.Loan C6asgea If the toan seaued by this S�nrity Instruznent is subject to a law which sets maaan�n toan chazges. . , �_��.�
<br /> , . . . � and that law is GnaUy interpreted so thac the inurest or othea loan charges collecied or to be col�Cted in conneaion with the toaa . ��
<br /> , ' exceed the p�mitted Zmrits,then:(a)any such loan charge shall be reduced by the amauni necessary w reduce the charge to the .: •::,:
<br /> permitted limi�and(b)any sums already collecoed fmm Borrowa which exceeded peamiVed limits wi11 be refunded to Bomower. ,i ..
<br /> Lendea may chaose w make this refund by reducing the principal owed undea the NotE or by making a direct payment to '; � •���
<br /> '.. ` �' � �� Borrower. If a rcfnnd redvices principal,the reduction will be treated as a partial prepayment without any prepayment charge � ... �.. '
<br /> under the Noie. ,
<br /> , � � � 14.Nottces. Any notice w Barroaer provided for In this Security Instrument shall be given by deliver�g it or by mail�g it �
<br /> � ' • ' by first class mail unles.s applicable law rquires use of another method.71�e notice shall be dire�tEd to the Propeaty Address or . •
<br /> � � , any othcr address Borrower designates by notice to l,endes.My nodce to I.ender shall be giv�by fust class mail to Lender's . � . � .� ;'
<br /> , • address stated herein or any othea address Lender designates by nodce to Bonower.My notice provided For in this Securiry •, .
<br /> � Instrument shall be deemed to havc been given to Borrower or Lender when givcn as�rovided in this Dara�aph. � .� .:
<br /> '{ � • • I5.Governing Law;Severab�ity. 'Ihis Security Instrument shall be govemed by federal taw and the taw of the :
<br /> • ?• ." jurisdicdon in which the Propedty is located. In 1he event that any provision or ctause of thiv Sec�rity Instrument or the Note - - �
<br /> , conflicts a►ith applicable law,such confli fct shall noi affett othea provisions of ihis Security Insuument or the Note which can be •• �
<br /> � . • given effect without the conflicting provision.To this end the provisions of this Seauity lnstrument and the Note are declared w �
<br /> ' '� beseverable. .
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