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<br /> ` �' � P��Y�I�S�b��N�•ai the opdon of I,.eader,if moktgage auvraace cmrerage(in the amoum and for the period :�'`.. , ,.
<br /> � � � � tUai I�nder requires)Provided isy an ins�uer appmved by Lender agaia becomes ava�abie and is obtained.Bosmwer shall pay the . �_ .
<br /> , � . prem�s�to maintaia mortgage m�P in effea, or to pmvide a lass ceserve,imril the require�neat for mortgage .. _:.r �..f-.:.
<br /> , � insu�ce eads ia accoxdanoz with any wriiten agreement between Borrower and l.eader or applicable iaw. , ,. . � .
<br /> . , . ` g,Iasp�tton. Ix,nder or iis agenc may make nasanable enui�.c upon and�spections of tLe Pmperry. Lender shall give •
<br /> ��� , , Borrower nodce at the t�e of or prior m an�pearan sP�i�ng teasonable c�se for the inspeaiva � �<• 'c� .
<br /> _ � , ;�� 10.Coadem�n. The pmceeds of any award or claim fot damages,direct or consequential, in cennecdon with any ,
<br /> , .-' carndemnation or oiher taldng of an}r part of the Property.or for cam�eyance in lieu of cande�atian,are 1�er�by assi8ned and •
<br /> • . .; sir�ll 6e paid to Ixnder. 4 � °
<br /> � � In the event of a wtal taldng of tfle Pmperiy,tbe Pmceeds shall be applied to the sums sewnd by this Secauiry Isut�evt, � . _
<br /> ' '� wbedier or not then dne.with any excess gaid to Bormwer.Ia the event of a parbal taI�g of the Pmperty m which the fair market _
<br /> T - . `�; valne of the Pmperty immediaiety before the talang is eqval to or greater than the amoumt of U�e sums s�by this Secarity . .
<br /> ,� ,_
<br /> `� Insunnaent �diately before the talrmg, imless Bormwer antt Lender othetwice agree in arrumg,tfle sums sew�d by this , . ..
<br />' Senuity Instmment shaD be reduced isp the amount of the proceeds mmiitiplied by the foltowmg fraaron (a)We total amo�t of «_' t y .. �
<br /> ' We s�c secaced immediatelY before the talm►g, divided by(b1 tlie fair markei watue of the Pcnperty imm�diatelY before the ��,. :, �, .
<br /> . taI�g.A�r balance shall be paid to Boaower.In the event of a partial taton8 of the ProPertY in which the fair marlcet vatue of the < .. ' . ,.
<br /> • , praQerry immediiately befon the �aiang is Iess t6an tbe amonnt of the snms secated immelt;arPiy before the ta�g, tmtess . ' � _ -
<br /> Boaower and I.een$er otLeiwise agiee m writmg or uaiess applicable law athernrise provides,tbe proceeels shaii 6e applied to the • -
<br /> . �,'.,� • , •
<br /> . sams sec�ed tsy tfiis Secattity In�e�t wbether or not the sums are then dne. .. _- _
<br /> ' . If tve pmpeaty is abandoned by Bacmwer,or if,after notice by Leader to Bormwer tbat the coademnor offers to make an -_
<br /> ve
<br /> ' award or seale a claun for damages,Boaower fa7s to respond to i.ender wiihin 30 daqs aftzr the date the notice is given,I.ender _--__
<br /> . � is authorized to coltect and agply the pinceeds,at its option,euher to testorstion or repair of t�e Praperty or to the s�s secuted =
<br /> . by t6is Securiry I�unme�t,wbether or not tben ch�. -�.,._._
<br /> . ' Unless Lender aad Boimwer othsnvise agree in wrrtmg,anN aPPbc�nn of pmceedc w prmcipal sLaII not e�tend or postQone .__. _.
<br /> � � ; ` the due date of tl�e monthly paymenis ieferred w ia paiagraphs 1 and 2 nr change the amain�t of such payments. • .�
<br /> . . - li.Borrnwer Noi Reieased;�'orbearance By Lender Nai a Waiver. Extension of ti� pme for payment or m�on - - .'_`.
<br /> � '�` of amorti�ation of the sams secured bq tius Security�n ,,,,Pm granted by Lender ta any saccessor in mierest o f B omower s h a l l � .. ._
<br /> d.—--
<br /> nnt operate to retease the liab�l'ttq of the ori�imial Boaower or Borrower's sarcessois in intecest. Lender shall not be requiced to __
<br /> � ',." coamaence pmceeclings againsY aay successor in�terest or refose to extend time for payment or otheiwise maiify amoniration of
<br /> ' '_�:•,
<br /> the sams s�by Wis Securiry tnsaument bY�azon of anY d�and made hY the originat Borrower or Borrower's successors .. •��
<br /> . - ' � ia intenst. Any fosbea�ance by i.ender in exercismg anyr right or remedy shaA not be a waiver of or prechtde We exeicise af a�r .. , c.�.�-
<br /> • ` , right os remedy. � �`.��3-
<br /> ' 1Z.Saccessois and Asstgas Bnund:doint and Several IdabOity; Co�s. The cuvenants and agreements of this ��.�.:
<br /> .' Se�ait;, Tnsuument shall bind and benefit We successors and assigas of I.ender and Bomawer, subje�ct to the grovisions of .� ���.-,�a
<br /> •- +; . �
<br /> : . ' paragragh 17. Bormwer's covenants and agreemears shati Ue joint and sevetaL Any Borrower who co�igns this Secarity � �5��
<br /> bosp�ument imt does not execate the Note: (a) is ca�sig�ing this Secarity tnstra�ent only to mortgage. 8�aut and co�ey that ',::=�s;�
<br /> .� Boaower's mterest ia ehe Property under the teims of Wis Security rncunmJ-n!;(b)is not pe�sonally obligated w pay the sams �; .' ,.c.�'-.
<br /> _.t �'.-.:�,-wn,—
<br /> - . � � secured by this Securcry�nm��and(c)agees tbat Leader and a�+other Bonower may agree to eatea3,modifY,foibear or ' _ �;�r'`';F-,'
<br /> _ ... . . , malce any accommodations with ngard to the terms of this Seca�rity Insttument or the Note without that Borrower's cons�t. ' A J:�
<br /> ���::�s�d_Y.�-
<br /> 13.Loan Chaiges. If the loan secared by this Securiry Ia�tcument is sabject to a 1aw which sets max�loan cbarges, •>„�,�x�-
<br /> . � anct that law is fmally mteipreted so that We interest or other loan charges callected or to be co]Iected in com�ection with the loan ' �'•.��;+.���
<br /> ' exceed the pemutted lunius,then:(a)any sach toan charge sball be redaced by the amaunt necessaiy to reduce the etiarge to the : , -•�".'
<br /> "�_
<br /> � peimitted limit:and lb)�Y���Y col2ected from Borrowet which exceeded petmitted limits will be tef�ded to Bosower. �- , �'' ,-'�:�••�
<br /> mitt �,�'a'"c
<br /> , - .--.--- Leader may chnose to make thic refimd by reducing We principal owed under ttie Note ot by maiQng a Qim,ct payment to �'�*
<br /> � ' Bormwer. If a refund reduces prmciPal, tLe reducdon will be treated as a partial prepayment without anY F�P���8e . _. , ;`�:, ,
<br /> � tmder the Note. �i: •-�'�`"�'
<br /> 14.Notices. Any notica to Borrower provided for in this Security Insuament s1�a111�e Biven isY delivering it or by maiting it ;`:'��,�'•�� �
<br />.. by fast class mail untess applicab2e 1aw reqaires use of another method.'f'he uotice shall be directed to the Property Address ar . •, `.':>
<br /> � • any other address Borrowet designates by notice to Lender.Anyr nodce to Lender shall be pven by fust ctass mail to Lender's '`�,� �
<br /> . adAress stated herem or a�r oWer addtess Leader desi�ates by natice to Borrower. An}r norice provided for m tlris SeWrity
<br /> . . � Insuament shall be deemed to have been given to Borrower or I.ender when gtven as pmvided in this paragraph. . • �� ;.�
<br /> � 15.Governing Law;Severa611ity. This Securiry lnstn�ent shall be govemed by federal law and tl�e Iaw of the . • _ ;,.
<br /> _ jurisdiaron m which the Property is located. In the event that an}+provLsion or clause of tLis Seauity Instmment or the Note , . .,_
<br /> contlicts with applicable 1aw,such co�licx shall not affect other provisions of this Seca�riry Insuument as t�e Note which can be . . '' , .
<br /> . . . �ven effect without the conflicang provision.To thls end the provisions of Uvs Security Insuument and th:Note aze declazed to ' •
<br /> . � . • be severable. .
<br /> � Form 307,�9l90 . .. . .
<br /> �� ' , �..�Htr1L'l t9am�.oi v,se�ore mta,�:�.l —.— _ . .. ,--
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