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<br /> � ,. � paym�is may no longer be req�ared.at d�e uption of I.ender,if mnrt�ge ias�ance caveaage(in the amo�mi and for the periad . .
<br /> ' ` tha�.Iender requires)Pr�nvided by an inslaer approved by LeQdea agam l�ecomes awa7able and is obtaiaed.�omnwer sball pay the .
<br /> � ` _� P��[�to maintain mortgage insarance in effect.�to provide a loss resecve.unW the requsemeat for mo�tgage •`� � � , .
<br /> _ , � a�anoe eaids in accordan�e w�ith any writtea a��t betweea Baaawer and Leader or applicable law. � < < • .
<br /> �_ :
<br /> , �. . - 9.Inspectton L.ender or its agent may make�eason�eble entries apan and 'mspections of the ProPerEy Lender shall give �� , � � ,
<br /> ` ' '� ' Boaowa aorice at the time of or prior to s�n inspecxion specifymg�sonable cavse for the mspection. � � ,
<br /> _-- - ,s 10.Caudeminatioa 'Ihe praoeeds of any award or claim for damages>dicect or consequeuaal. in conuectioa wiiL suy � < `.
<br /> � •� condemnasinn or other tahing of any part of the Pmpeaty.or for oonveyance in lieu of oondemnauon,sre hereby assigaed and . �« `
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<br />_ •� ' . ' sball be gaid to La►der. � • ,
<br /> � . • Ia the event uf a Lotai ta�g of the Property,the pmceeds sha11 be apptied w We svms secured by this Secarity Instrumeai. .. .
<br /> � � whether or not t6ea due.with anY exoess Paid u►Borrower.In the eveat of a pafial taking af the Property in wlucA the fair market - . � . . �.-.;-
<br /> �`� �� valae of the Piopati►�mediatetY before the taking is equal w ar greater tban the amonnt of the sums secuced by this Seasity � • ' .
<br /> '` ' InsOrament immediately before the taking,�mlesg Bamwe,r and I,e�der otherwise agree in wrinmg,the snms seaaed by this .
<br /> ;, . � Seauity�t shari be re�uced by the amomit of the proceeds muliiplied iry t he fo l l owing f r a c ti on:(a)t h e oo t a l arnonnt o f �� . . .�';.,
<br />.;�� , the sums secared immedia�ely 6efare the pldng,divided bY(b)the fair markei valne of the Prope�cy immediately before the ` ��_--_
<br /> . . taking.Any balance shall be paid to Bomuwer.In the eveut of a pamal tal�ng of the Property in wluch tha fair warkct vaWe of the � • --
<br /> �S� :� pm�y �a;arPty befoTe the takmg is 1� than the amoaat of the sams seaued immediaiely before the taldng, �1ess ; ___
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<br /> . Borroaer and Lender otherwise ag�cee in a�g ar�mless applicable law otheawise provides.the proceeds shall 6e applied w the
<br /> � . ` � sams sec�e�by this Sea�rity Insonmmeni whether or not thse sums arc then due. � :,.`
<br /> � ,. '�� If We Propetty is abandnned by Barmwea,or i�aftes notice by Leudea to Bo:raw�r d�at the conde�naor offers tn malce an ' � - �z'.���
<br /> ._ , _; award or seule a claim for damages,Bm�aower fa�7s to respoad to L�sde.r wahai 30 days afta the date the aorice is givea�.Lendea .�.�.°.:-�:.i.;_=;-
<br /> . � is auihoiized m collect and appiy the proceeds,ai its opIIOn,either to restoraSon or r�paa of the Property or to the sums seaffed ---- - ��
<br /> �` , „'� b this Securi Insuaoment,whedier or nnt thea due. ea ':�,:^r_
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<br /> "` Un2ess Laader aad Bwrower otheawise ag�ee�writirtg,any application of praceeds to principal shall not extend or postpone •
<br /> .� 4 • . �..`.�, the due daze of the�uond�lY Paymenta iefeared w iu paragrapbs 1 and 2 or change the anaouat of such paym�tg. , '.. �_ n�_�;,
<br /> 11.Borrower Not Reixaseri;Forbearance By Leader Not a WaIver. Ext�s�ion of the t�e far payraent or modifcadon L �•°�� ° --
<br /> `�� . of amartIzadon of ths sums seaaed by this Seauity Instrument granted by Lendea m any sucre.ssor in inte�est of Bormwer shall --
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<br /> noi aperate ta rclea�e the liabi'ht'y of the origmal Bmrower ar Bormwec's successcus m mteaest I.ender shaU noi be required to ���:
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<br /> . epmmence pioeeediAgs against any successnr in u�t�esc or refuse w aaend time far payment ar ot6�wL4e madify amortization of --=
<br /> - . the sums secured by tlus Seciuity Insmiment by reason of any de�nand made by the origmal Borrowea or Bormwer's suocessars � � `���-
<br /> . . , in intetest.My forbearance by Lea�da in esercising any right ar remedy s6all aoi be a waiver of or preclude the exencise of any :'''_'�
<br /> . . right ot remedy_ ` ..��,
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<br /> { 1Z.Saccess�re an�As�tgns Boimd,Joint and Several Liab�ity,Co�stgners. The coveoants and agreementv of this .: T—_
<br /> �� Seeauity Insuument shaU bind and be�efit the successars and assigns of Leaider and Batrower, subject to the pmvi�ons of . _ _
<br /> : . para�aph 17. Borrower's covenants aad agreemea►ts sLail be jomt and sevaal. My Bosrawer who co-signs this Securiry � `�. ?:�:-
<br /> Uunwnent but daes nnt eaecute the Not� (a)is co-sign�g this Securiry Ins�me,nt only w mortgage,grant aad canvey thaat ' - f`':
<br /> 8oaowcr's interest in the Property under the terms of this Security Ins�nmsent;(b)is not peisonalty obligated w pay the sums , �ti ,:°�'
<br /> . securcA by this Sesuriry Instrumenx�d(c)agrees that Lendea and any olhea Bairower may agcee to exteitd,modify.faIbear or . `.' ;:�-
<br /> , � • mako any accommoda�tions with regard to the teams of this Ses�uity Instrument or the Note withoni Uiat Borrowea's conseni �� • '" �' _
<br /> � ' 13.l.oan Charges. If the toan secnred by thi4 Security Instrument is subject w a law which sets maximvm loan et�arges. � � --
<br /> � . � , � and thut 1aw is finaAy in�rpreted so that the interest or othes loan charges couected or w be collected in wnnection with the toan _ _.-. -
<br /> eaceeA the prami¢ed funits.then: (a)any such Ioar�ci�ge shaU be reduced by the amount necessary to reduee the charge to the
<br /> '-'I,�: . •� permitte�limit;and(b)anY sums a]ready collected frum Borrower wlrich eaceeded p�miued limits wiU be refunded to Bonowea. � � _' -�-:
<br /> . Lender may choose w make this refiutd by reducing the principal owed under the Note or by making a direct payment to
<br /> '��;•� �� , �� Borrower.If a refand reduces princIpal,the reduction will be oreared as a pardal prepayment without any yrepayment cdargc . '���: .
<br /> , undc�the Note. ,
<br /> !4.Notices. My notice w Boaowed provided for in this Security Instrument shall be given by delivering it or by mailmg it � '
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<br /> �� � • i by 1'Ust cls�s mail uNess appllcable law requires use of another method.'Ihe notice shall be directed to the Property Address or � ,
<br /> � . • � any other addcess Bonower designates by notice to I.ende,r My notice to Lender shall be given by first class mail w Lender's . �,
<br /> � I aQdress stated hacin or�y other address Lender designates by notice to Borrow�. Any norice provided for in this Security ,
<br /> � � In.ctrument shall bc dcemc.d m have becn given tn Boaower or Lender when g'rven a�provided in this paragraph. : • •
<br /> . `.� � 15.Coveming Lew:Severability. This Sccurity Instrument shaU be govemed by federal law and the law of the . _.� �
<br /> �. � jurisdicdon in whiCb the properiy Is located. In the event that any provision or clause of this Security InsUUment or the Note ,. � .
<br /> • wnflicts with tspplicable taw.such conflict shall not affect olher provisions of this Security Instrument or the Note which can be � � . .
<br /> . ' �iven eftect wilhout�he conilicting provision.To this end the provisions of this Security Insavment and the Note aze declared W � � �
<br /> .. ,. � � Fsc sevednbt�. .. . .
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