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<br />, s ma n�i Iwi�cr lic rc uircd, ut thc uptiunot'l.cnd�r, if'mortg+►gc insuramrc cuvrr���r Un'thc umumu .u�i'�,�i���iid _
<br /> p�rytncnt y b 4
<br /> thut L.cnJcr rcquirc�)providcd hy an insurcr apprnvcd hy l.cndcr ugnin hcanncs uvmlublc nnd i.r uhtah►cil. l3��rr��wcr shall pny —
<br /> thc prcnuums rcquircd tu maintaiu mu�tgu�,c in+uran�c in et'fcct.or to providr n I��„rc�rrve. until ihc requiremcnt f�ir murtgngc r
<br /> . insurancc cnds in ucrorda�ncc with imy wriucn ngrcc�ncnt bctwcen Hc�rra�vcr und L.cndcr or nppliciihlc Iliw. __
<br /> � 9.Inspccttun. I.cndcr ur its iigcnt muy makc rea+onuhlc entrics up�m und impections af thc Property. lAndcr shull givc _
<br /> ,;a:w�+�'+`� Bonowcr noticc iU thc timc of or prior to un inspcction sperifying rciisonahlc.uuxc for thc inxpcction. _
<br /> • '�!'' 10.Condemnutton. Thc pmcccds ut' uny nwiud or claim for dunmgcs, direct ��r ronscyucntiul, in cunncrtion with any _
<br /> condemnativn��r other tuking of uny piut of'the Pmperry, or For conveyunce in lieu i�f rondemnatiiin, urc hcreby ussigned iind —
<br /> shull hc paid to I.endcr. �
<br /> In thc c:vent of u totul inking��f the Prc�perty,the prcueeds shull bc upplied to tlic sums scrurcd by this Securiry Gistrument,
<br /> whcthcr nr not thcn duc, with any cxcess puid to Borrower. In the cvent of n partiul tuking af thc Property in which thc fair
<br /> markct valuc of thc Prop�ny immcdintely before ihc tnking is cyuul to or gre��tcr thun thc iunoum uf thc sum+�ccured by chis �
<br /> ,� Security Instrument inunediutelf hefore the tuking,unless Borrower iind l.ender otherwise agrec in writing,the sums secured by _
<br /> this Security Instrument shull be reduccd by the amount af the proceeds multiplied by the followirg fruc:tiurr (a) the total
<br /> . �• amount of the sums sccured i�umediatcly before the taking,dividcd by (b) the fair market value of thc Property immediately
<br /> � 1� before the taking. Any bulancc shnll be puid to Borrawer. In the event of a punial taking uf the Property in which the fair =
<br /> '�� murket value of the Propeny immediately beforc the taking is Icss than the amount uf thc sums securcd immediutely bcfore the
<br /> �� taking, unless Borrower und [.ender otiierwise ugree in writing or unless upplicable I�w othenvise provides, the praceeds shull _
<br /> be applied to the sums secured by this Sccurity Instrument whether or nut the sums urc then due. �
<br /> `• If the Property is ubandoned by Horcowor,or if,nfter notice by Lender to Borrower that thc condemnor offcr�to►nuke an �
<br /> • award or setdc a claim for damAges. Borrower(ails to respond to Lender wi;hin 30 days after thc dute thc notice is given, _
<br /> : L.ender is authorized to collect und apply the proceeds,at its option,either ta restoration or repair of the Property or to the sums _
<br /> sccured by this Security Instrument,whethcr or not thcn due.
<br />`�� • ' Unless Lender and Borrower atherwise agree in writing, any applicution of proceeds to principal siiull not extend or
<br /> postponc the due date of the monthly puyments rcferred to in paragrnphs l and 2 or chunge thc amaunt of such payments.
<br /> � 11.Borro�ver Not Reles�sed;Forbeurance By Lender Nut a Wnlver. Extcnsion of the time for payrcient or modification
<br /> K�N�; '� of nmortization of the sums secured by this Secunty mstrument granteci by ie:ndcr tu�c�iy�uc.:�s�a:'u^�1fi�CM`�L Cf�`n^`•vPr�h���
<br />_.,.- ;s...��Le.
<br />`<�-i::>`'.•. not ope�ate to release the liability of the ori�inal Dc�rrower or Borrower's successors in interest. Lender shall not be required to
<br /> �x'�-'�:;�'.' commence proceedings against any successor in interest or refuse to extend time for payment or otherwise mudify umortization
<br /> �:jtn"_•
<br /> ��-������ . ' of the sums secured by this Security Instrument by reason of uny demand made by the original Borcower or Bonower's
<br />�rr'??li�. successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a wuiver of or preclude the
<br /> ��r���;tix,:` exercisc of any right or remedy.
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<br /> 12. Succeswrs and Assigns Bound; Joint and 5everal i.iability; Co-slgners. The covenants and agrcements of this
<br /> "��a`'��� Securit Instrument shall bind nnd benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br />:-;a�;;�lyy,�. Y
<br />-�;.a;:� ' paragraph l7. Bonower's covenants and agreements shaU be joint and several. Any Borrower who co-signs this Security
<br /> -=µ��,� Instrument but does not execute die Note: (a) is co-signing this Security Instniment only to mortgage,grant and convey that
<br /> a,.,� aorrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br />----� " _ secured by this Security Instrument;and(c)agrees thnt Lender nnd any other Bonower may agree to extend. modify,forbear or
<br /> _-�;�„�_;;� make any accommodations with regard ro the terms of this Security Instrument or the Note without that Bonower's consent.
<br /> 13.Loan Charges.If the loan secured by ihis Security Instrument is subject to a Inw which sets maximum loun charges,
<br /> ___.._._�_� and that law is finally interpreted so thnt the interest or other loan charges collectal or w be collccted in connection with the
<br /> � loan exceed the pern�itted limits, then: (a) any such loan charge shall 6e reduced by the amount necessary to reduce the charge
<br /> �„�,�i_�� to the permitted limit; and(b)any sums alreadycollected frcm Bonower which exceeded permitted limits will be refunded to _
<br /> - -- � Borrower. Ler.�ler may choosc to make this mfund by reducing the principal owed under thc Note or by muking a direct
<br /> t��� payment to Borrower. If a refund reduces principal, the reduction will be treated as a partinl prepayment without any
<br /> ��� prepayment charge under the Note.
<br /> � 14.Notfces. Aiiy noticc to Borrower provideci for in this Security Instrument shall be given by delivering it or by mailing
<br /> � .—.�_�!� it by first class mail unless applicable Inw requires use of anoth�:r method. The notice sSall be directed ro the Property Address
<br /> -___T-�'�i or any other nddress Borrower designates by noticc to L.ender. Any notice to Lcnder shall be given by first class mnil to
<br /> "` '"�`�'—' Lcnder's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> ����—
<br /> - -:' •x: '` Security[nstrument shall be dccmed to have becn�iven to Borrower or Lender when given as provided in this paragrap .
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<br />�°r:;n����_. 15. Govcrning Luw; Sever�tbllity. This Security Instrument shull be govcrned by federal law and the law of the
<br />'�`- � ';'=,;x., jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> ��•� _ - � contlicts with applicable law,such conFlict shall not affect other provisions of this Securiry Instrument or the Note whieh can be
<br /> • •`� ��;� given effect without the conflicting provision. To this end the provisions of this Sec:urity Instrument and the Note are declared
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<br /> �, " '" ' to be severable.
<br /> ''���'����° ,�� 16. Borrower's Copy. Borrower shaU be given one conformed copy c�f the Note and nf this Security Instrument.
<br /> �',z' -• . Form 302B 9/SO
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