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<br />- 7� � ' . , � - payments may no tongeF be ceqaited.ai the aprion of L,eader.if mortgage insuraaoe coverage('in the amonnt and for the period ; '�.
<br /> �t� tLat Lender requires)Provided by an insurer approved bp L�ender again becomes availab2e atW is abtained. Borrower shait pay � . . �
<br /> . . � . the preminms required to maiatain mortga�e in�uance in effect.or to pravide a lass rsserve.�ntil the requic�emenc for mortgage � , . "
<br /> iativrans�ends in accordance witb aay vvritten agreement 6etareen Boirower and Lxnder or applicable law. � �, '. v.=
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<br /> . • • 9.Iaspediaa.I.endet or its agent may matce reasonable ennies apon an�iaspections of the Property. Lender shall gve � ,. . .f.
<br /> . -,_.�-- Borrower nouce at the time of or piior w ar�inspeaion sgecifying reasomble cause for the inspection �. - . .:�--:-
<br /> . - - 10.Coademnattoa The pmcee�s of an}r award or staim for damages,dimt or coasequential. in connecdon arith siry � ..
<br /> • . , condemnarion or other taldng of any patt of the Property,or for comrepance in lieu of condemaauon.are henehy assigued and � �- �-
<br /> f — - shall be paid to Lender. � `� -
<br /> ` In ti�e eveni of a wtal taking of the PropenY,the Pmoeeds shall be applied to the sams seia�red by d�is Secarity Insuument. � �`:$ .
<br /> . � whether or nat then due,wIth any eacess paid to Bonower.In the event of a partial taldng of the Property in wluch the fair ` � " - -'.
<br /> ,•�" ,-
<br /> . . ' mar?net vatne of the Property immediateiy befoic the taldng is equal m or geauer draa the amowu of the sums seeiued by this �•M..���:�';`«..�,.
<br /> ` ` � . � ` � g� incn+±n+enr immed'iatel before the tatnng.untess Borrower and I.ender otherwise agcee in wriring,the s�s sec�u�od by -
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<br /> • � � this Se�vrity Insuument shaU be reduced by die ammmt of the proceeds mnldplied by the foltowing fcactiun: (a)the total •�,:
<br /> _;`' ' ° amount of the sums sec�d immediately before the tatdng.d'ivided by @) the fair market value of the ProPenS►m�mediat�lY �y �`=='---_-
<br /> , , ` befare the taking. Any balance sbaU be paid ro Borrower. In the event of a paroal tatang of the Property in which the fais ��=�.""r
<br /> -;��, ' market value of the Pmpertq im,,, ;a Ply before the talnng is less thaa the amaant of the s�s secuied immediately befoie the ,�.,:5,�.-.;' `---
<br /> -<< . , ='� taking,nnIes.v Borrower and I.ender othecwise agree in writing or unless agplicable law otheia�ise provides, the pmcceds shall ` '�.-.;.�:s
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<br /> `� 6e applied to the sUms secazed bp this Se�a�ritp Instntment arhethet ar not the sums are then dne. - --
<br />_`s�., , . Tf the Propertq is abandaned by Horrawer.or if,afte�natice by Leader w Barrower that We condemnar offe�s w make an _ ' --
<br /> ,� � award or settte a claim for damages, Borrower faiLs to zespond to Let►der within 30 daqs after tbe date the notice is given. ;•
<br />_ � ' .`:.,�'' I.ender is.anthorized w col�Ct and apply the pmceeds,at its ogtiwi.either to ieswradon or repair of the PropertY or to tbe sums �-� __
<br /> - �- - _ seca:ed by tbis Security Instcument,whetuer ar not then dae. �-.�- -_-_
<br /> . .. Unless Le�ter and Honower othccwise agree in wririnS. �Y aPPHcadon of proceeds w principal shall not extend or ,��'•; � _-
<br /> _ - . ' postpone the dete date of the monthlY PaYments referred to in paragtaphs 1 and 2 or chaAge the amount of sach PaYments• ` _ ,•.:�';�-=
<br /> � � il.Sorrower Not Reteased;ForUeaaance By I.�der Not s Waiver.Exteasion of the time for payment or modiHration .-�;�.v-
<br /> '�. ' af a�mnrtization of the sams secured by dds Security Instmment gcanted by Lender to any succ�sor in interest of Baaawer shall .._ _
<br /> � . .`�,.
<br /> _ � � " not opeiate to mle�se the liab�ity of the origimal Bormwer or Boaower's saccessors in interest.Lender s6a11 not be reqnired to . ..;�=-�.��_
<br />_ , commence pmceedings agaias�t aap successor in interest or nfnse to eatend time for paymeat or atherwise mndify amorti�adon ,. �' .;;__-
<br /> - � of the sams secu�ed by this Sec�uity Iastramenc bq rason of any demand made by the original Bouower ar Bomnwer's ,., _- --
<br /> � ` � saccessors in intetest. Any forbea�ance bq Lender in exercising anq right or remedy s6a11 not be a waiver of or preclade the � • ��•.-
<br /> - • �. eaercise of any right or neme�p. t. ,�,. � ,. ° r_
<br /> . • l2. Saccessors and As�igns Sound;Joint and Severa] Iaa6ilIty; Co-siSne:s. The covenants and a�ements of tbis :`;:�-
<br /> ` Sec,aritq Insuameat shall bind and benefit the saccessois and assigns of Lender and Bormwer, subject to the pmvlsions of � {.�`
<br /> paragrap6 17. Boaower's covenants and agreements shall be joint aad sevesal. Any Boirower who co�igns tfis Seauity . __ -
<br /> , , .;' r�cc.mne.�.but does not esecate the Note: (a)is co-signing tLis Security Insuument only w mortgage.6rant and convey that . - .
<br /> . _. •' '.} Borrower's interest ia the Property nnder the terms of this Security Insunment;(b)is not personaliy obfigared w paq the sums ���
<br /> , . � secuied by this Security Insaument;and(c)agc�s tLat Lender and any other Borrower may agee to extend,modify.foibear or '<'"!=:=
<br /> • make any accommodations with regard w the cerms of this Security Insaument or the Note without that Boaower's consent. . � "!�'
<br /> '.,+ � '. 13.Loan Charges.If the loan secured by this Security Insuumeni is subject to a law wldch sets maximum loan charges, • ' _ ;.��_
<br /> ;�,: � � ' and tbat law is finaily inteip�ted so tLat the lnterest or ather loan charges wllected or to be collected ia connection wit�the , __
<br /> •t: , toan exc�d the permitted limits,then(a)any such loan charge shaU be recluced by the amount necessary to reduce the ct�arge ` . ;_ ..
<br /> � . : w t6e pem�itted limit:and(b)any sums alt+eady colletted fmm Borrower wluch exceeded permitted limits will be refuaded W ---
<br /> ' � ` Boaower. Ixnder may choose to make this refund by mdacing the principal owed nndet the Nate or by maldng a direct . . . -
<br /> . . • paqiuent to Borrawer. If a refund reduces priacipal, the reGaction arill be treated as a partlal pnpay�aent without any • . .. .,,-;
<br /> -: . ' prepayment citarge under the Note. ••, �
<br /> ��� � � ' 14.Nottcc.w.Any notice to Borrower provided for in this Security Insmunent shall be given by delivering i�or by maitins , � -
<br /> it by first class mail unless applicable law requires use of another method. The nodce s6a11 be directed to the Property Address ;
<br /> '' � = or any other address Borrower designates by nodce to Lender. Any notice to I.ender shaU be pven by fust class mail to . • '
<br /> � Lender's address stated herein or any ot�er address Lender des�snates by noace to Borrower. Any nodce provided for in this • : •.
<br /> j '; . • gec�ity Instrument shall be deemed to bave been given to Borrower or Lcnder when given as provlded in this paragraph. . •
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<br /> "�' 1S,Coverning Law; SeverabilIty. This Secudty lnstrument shail be govemetl by federal law aitd the law of the
<br /> ;�.,;' � jadsdictioa in wluch the Property is located.1n the event that any provision or c2ause of this Security Instn�meat or the Note � .
<br /> wnflicts with applicable law.such conflict sl�all not affect other proWsions of tlus Security I�uaument oi the Note which caa be � ,
<br /> givea effect without the waflicting provision.To tLis end the pravisions of this Securiry Instrument and the Note are declared � ` . ,,'
<br />� to be severab2e. �
<br /> � 16.Borrower's Copy.Borrower shall be given one waformed wpy of the Note and oF this Secnrity Insuument.
<br /> ' Form 3�28 /9 . '
<br /> ' . ��-6RlNB1 ta2ts�.o� va�a oi e n,�o.n-,�� • .
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