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<br /> ' � ��� 1�l�.�� t , . ' • .
<br /> ' . r at the option of LEader,if mortgage Insurance cavera8e fm the amouat and far the period .' � .
<br /> ' ' ; PaYm�maY no longer be req�rired. Bosrower shall pay�he � , < .
<br /> � ' ' an insurer approved by Ixader again becomes ava�able and is obtaiaed. ,
<br /> . thu Lender�quires)PTO�i�b3+ for mortgage `
<br /> ----�-----Y=�"'= pI�iums reqeuced to maiata'sn mortgaSe �in effea. or w pmvide a tass reserve.um�the requirement f_ _.:__ --- . --. .-.
<br /> . � between Bormwet and Ixnder or aPPl�b2e law. •'
<br /> . . `,-4 i�uance eads in accordanse wish a�r written agteemeat 6ns of the PtoPertY. Lender shall give � � . •.-.
<br /> � � ' • 9.U�spe�4lon. Leader or its agent maY tnakc reasonable eut�ies upon and insPe�u `,
<br /> �' � reasonable cause for the ingpection. `
<br /> � ` Barrawer notioe at the t�e of or prior w an inspectioa spxifyiag di�ect or consequential. ; " .`� �
<br /> • ,� n. The raceEds of aaY award ar claim for damages• m connec6oa with anY � , •.`�.�.
<br /> I0.Condemnatfn P � •y` �. -
<br /> m lien of conde�adon,are herclsY� � ``- . .
<br /> �. . `? �on or other ta1�8 of anl+4aT�of the Property,or for coaveyance� .. ��4
<br /> } =� . ` . -=_
<br /> t. � shari be paid w Lender. �d w the sumg sec�ed bY this Se�tY��' ': � � ,`�-.;.�-`_.
<br /> In the eve�of a toral takin8 of the PmpertS►.d�e Pmce�sLalt be app' m which tfle fair market `' -
<br /> , of the PmpenY� .` `'
<br /> ' whether or not ihen due.wid►anY excess Paid u,Boaower.In tLe event of a partial r�inS � � �
<br /> . • :r wi � to or g�eater than the amaaat of the suma seaued bY this Security ,.,..,. .^-�
<br /> valne of the Pmpert9 - �-1° 4{`
<br /> � � � be�6ef�the�� ���Lender orherwise agree ia writing,the svms s�d�Y� ��=?s�::r< , -•i;;�N
<br /> } Se�urity Ins�meni ehall be m.d u c e d b Y t h t a m o�o f t h e p r o u e e d s m n l t i P1ied b Y�����a��ediateiY befo�e t h e . --
<br /> �`+ d s e s a m s s e c a r e d i�I Y b e f o r e t h e t a k i n g, �vided bl► (b)the fair market ���w b i c L t h e f a i r m a r k e t v a h t e a f t h e --
<br /> tatang.An}►balance sball be paid to Boirower.In the event of a pataal tal�ng before !he taldnS, �mless , ..:-
<br /> : ..�,,,,�� �nediately befon the t�ng is Iess than the anaount of ttse sums seaued ��Y . •,� __�_
<br />- . �� m wiiwng ar�1ess aPPlicable iaw�etwise pmvidss,d�s Proc�zda e1�all be a�ued w the .,�
<br /> - go:rower au�Lender othetwtse agee� -- :',f.�-.
<br /> . •:'�,. sams saurcd bY this S�amry�°t whethcr or not the sums are then dne. �'•�•,';.�.�i__=-
<br />_ ' . ' ;.<�_ If the Proper[y is abandoned bY Borrower.or if.after nodcc by Lender to Borrower that the condemnor offers to mak�aa
<br /> Boirower fa�s to respond w Lender within 30 days after the date che aotice ia given.Lender ����
<br /> award or settte a claim for damages, � � '-_:`'-"
<br /> _ . _ `i is a�uhorized w coltect and aPPly the�.�°A�•either w resmratioa or repa9r of the Property or to the sums secured . . S 1=_
<br /> . : �r:'�� b y t h i s S e a�r i t Y I n s u��.w h e t h e t o r n o t a l s l�a l l n o t e x t e c d o r p o s t p o n e ,. � ��.�
<br /> lIcatiaa o f pr a c e e d s w P r i n c�P , , � -�'��`
<br />= Unless I.ender and Bonower othecwise agzes in aritin8,an3+aPD . °:
<br /> � the dae date of the momhlY Daymen�refcsred to ia pataSraphs 1 a a d 2 or c h a t�g e 1�e am°°n�of sach payms�s. �-:�_
<br /> � or modiEcation ` r ",
<br /> . :�', ii.Borrawer Not Reteased:Forbearanae BY I.eudei Nat a Waiver. Bxtensioa of�or m mresest of Bosmwer shall ��;�� i'��
<br /> of amorti7aSon of the s�seaued by this SEauitY Inst�ament granud bY�O�s w aay _ ' . ;r� �:
<br /> • � �1�' not ape:aoe w release tbe Iiab�itY of the original Bonower or Boirower's successora ia i�rterest.I�nder shall not 6e tequlted to : :�,:
<br /> ; sor ia i�esest or refuse w extend time for payment or otherwise modifY amor�on of ' :�`A•.._..;
<br /> .: commence Placeedin8���'� Bonower or Bonower's successors . .,;���,',,
<br /> : the aums seaued by this Securiry Insuument isY reason of azry demand m a d e h!►t h e o T a g�n� ,
<br /> • ia interest An3+fosbeazance bp L�nder in e�[ercistng an3+cigbQ���3`�not be a waiver of or pmrtnde the exercise of suy -,�.��
<br /> � � dght or remedy � �� •''';,�`
<br /> ' ��.� 12.Successors and Assl�s Bo�md:Joint and 3everal I.iabW29: Co�slBnere. The wvenaurs and agreem$nts of this • �.
<br /> � '` shall bind and beneSt the successo�a aad assigmq of Ixnder and Boirower, subject W the pmvisions of . ;..;;.�:=-
<br /> ' SaauitY Insu�ent sha11 be joint and several. Atry Bonowes who co-signs tbis Ser�utt3+ . '"-;.:�;,::
<br />_ . + puagraph 17. Borrower's coveaants and a�men�
<br /> and comrey that "�.,;�.�`•
<br /> ", � ' �u�ni but Qoes aot exenite the Note� (al is co-si�iag this Se�tulry Iasuumeat oaty ta more�ge.grant - - ?-._.
<br /> ;�. . . ` Borrower's iatezest ia the Property uader the terms of t�is Secuiiry Instriaoent;(b)is aot personally obiigatcd w p�►Y�� : . •_.,.T
<br /> � and(c)a8�eea that lcnder aad ani►other Borrower may agree w extend.modifY,fotbear or `.��i:•
<br /> sec�ued bp this Security 1n�uument; .��
<br /> . make a�►Y accomm°dations aith regard to the termv of this Securiry Insu�me�or the Note withmrt tbat Borrower's coasent. •;�:,f
<br /> � 13.Loan CLarges. IP the toan secvred bY tbis Securiry Iaguumeus is subject to a 1aw which sets maxtmum loan charges. • r,.
<br /> � and tbat Iaw is fina11Y inteiPreted so that the interest or omer Wan charBes collected or to 6e wllected� educe the cbar$e to the � �
<br /> . exceed the peimitted limits.then: (a)anY s�tch loan char8e sbaU be reduced bY the am°��wllt be refi�aded to BosrowEr.
<br /> ' • permitted llmit;and N)�Y�already colleated from Boitower wtucb exceeded permi . �
<br /> '� . �E y owed under the Note or hy making a direct paymeat to . . •
<br /> Leader may choose to make tbis refimd b reductng the PrinciDal arIthout aaY PrePaYment��e ,
<br /> � . Boaower. I f a re f i m d r e d u c e a princi yal.the rrduction will be ueaoed as a pardal ptepaYmeat . .
<br /> � under the Note. ven delivering it or by mailia8 it � •
<br /> � 14.Notices. My nodce w Borrower provided for ln this Security lnsmiment shall be g� bY .
<br /> � by flrst class mail unless aPPlicahle law requirea use of another metlwd.The noflce ahall be direct�t°��0perty ad`ue�s or .
<br /> , any other address Borrower designates bY norice to Lender. An}r notice w Lender shaU be givea by fust clasa mail to Leade:'s .
<br />�� � � �� address atated hereln or a�►other addcess Lender desigaates by notice to Boirower. llny nodce provided for ia 4us Securiry
<br /> '. � �nsuument abaU be deemsd to have been given to Borrowetasuument shaU b V governed by federalp taw aand the iaw of the • . .
<br />'� � 15.Gaverning Law;Severabllity. 'f�is SecuritY rovision or clause of this Sec�rity Instrument uI 11ie Note
<br /> . � jurisdiction in which the Property is located. In the event that azry p .
<br /> � . contllcts zviih appllcable 1aw.such conflict shall not affece other provisions of tlils SeciuIry Instrumeat or the Note which can be
<br /> � : given effect without the wnflicdng provision.To thia end the provlsions of this Securlty In4uument and the Note are dectared to
<br /> be severable. '
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