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<br /> � . PaY��3►nn longer be requi�l.ai the optian of Lender.if mortgage�cflverage(in the'amoua���or the�iod � . . ,
<br /> ' � ' that I.ead�reci�es)provided by�insmre�approved by Leader again becomes ava�7able and is ob�ed.Bomnw�r shall pay the .
<br /> . ' � premu�required tn maintam mo�ge in.�tuance in eff'ect,or m provide a loss reserve.uatil the iequirement for mortgage '; ,
<br /> . -� insuiance euds ia accordance avitb�y wriusn agreement beiwee,�Bomnwer amd Ixnde�ar applica6le 1aw. 4 .c . .
<br /> � � � 9.Inspe�ion. Lmder�itc agent may make reasoaable enuies upon aad'mspecrions of the PropertY.Y..ead�shall�pve ,
<br /> �' �"---�;�� � Bouower notice ai the time of or prior tn�mspeaion specifyin8�easaaable cause tor the inspaction. . � `.
<br /> –,-y F�; ���`--`- 10.Coademnation. 1Tte proceeds of aary awara or cla� for damages,duect ar oonsequendaZ,m cannec�on with any --_ -_,
<br /> �. ` �'�• '. � coad�an or other taFdng of any part of the Rnpeaty,or far conveyance in lieu of condemnaiian,are h e r e by assign e d a n d .
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<br /> � . shaIl be paid w Lendea. � .
<br /> ' In the eveat of a tnffi1 tat�g of the Pmperty,the pmceeds shall be applied tn the sums seGUed b3+diis SeauIty 1nst�ument, .
<br /> - . wfl�thea or noi then due,with any excess paid oo Bomawer.Tn the event of apartial taldng of the Praperty in whic6 the fair market . � •• .
<br /> . ' .' vatue of the prnpzaty imrnediatet9 befoie the taldng is equal m or g�rater than the amo�mt of the s�ms secured by t4is Se+c�uity , • _�-
<br /> - � Insuame�t unmediatelY befa�re the takmg,� Bormwes and Lendec otheawise agee u�wriring.the sums sec�d by tLig - - --
<br /> . . . ,": Secauiry Insuament sha116e redaced by[he amoimt of the pmceeds multiplie�by the folfowing ftaction(a)�e wtal amoant of � � ' _
<br /> , • .� the s�ms seaued immediatel3►befare the takmg,divided bp N)the�market vaIue of the Propeaty immediately before the �.° .:+:j,
<br /> �`; �g.pny balance s6all be paid to Borrower.ln the eve.nt of a parlial taldng of the Propedty in which the fau mat�ei valne of the " _ _
<br /> � ' = prnpeny immedia�ly before the talring is less tt�n the�►ount of the sums sec�ed �nnmed�iately hefare t6e raking,wiless ; �" :' :
<br /> � ' � ,` Bormwer amd I.e�d�otheearise agree in wri6ng or imtess a�plicab2e faw otherwise pmvides.th�psooeeds shari be applieA to tI►e �4 t--�-
<br />; � .. saatis s�aed by this Secarity Iacnumeut w6ethea ar not the sums a:e then dae. .
<br /> .. If the Pioperty is abendoned by Ba�rrower.or i�after notio.e by Lenda to Boirow�that ihe coIIdemnor offers to malce an ' . ;;=' –
<br />_ ' - awand or seule a ctaim for damages,B�r+ower fails to respond to I.endea aitbin 30 days after the datc We norice is given,Leuder G.:�..:__.`'=-'-
<br /> �. . - is authorized ro coUect aud apply the proceeds,at iB oprion,eit�tn restoiatioa or repair of the Pmperty or w the sums sec�med ` �---
<br /> . .. by this Sectuity Insuum�tt,whedter or not then dac. ' �::��
<br /> ` Ualess Lender and Bomuwa oU��wise agree m writmg.anY aPPlication of pioceeds to priacipal shall not extend or posqoone ' �::;;�r
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<br /> � ' .` the dne date af the monthly payments refeeed m m paragraphs 1 and 2 ar cLange the amount of sacb paymentg. ,�
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<br /> . .� � �� �.-. 1L Borrawer�iat Iteleased;For6esranae By Lend e r N o t a W e i ver. Extension of the time for paytneat or m a d i f�c a ti on ' . �_ ::-;� _
<br /> :;; , of amasn�ration of the sams seuued by this Secaiity Instrumea�t�anted by Leatdea to any succe�sor�inte�st of Borrower shari .. o=�,
<br /> not opeaate to reiease the liability of the origmal Bnaowe.r or Bormwer's sacc�ssors in mterest.I.endea shall not be required m . _—__
<br /> > comm�ce proc�d�gs aSainst aay successor in inteiest mr refmse to extend ume for paym�t or othe=wise modify amo�ion of F�`.. . ---_
<br /> . � the sums seaued by this Seciaity Instmmeat by mason of aay dernand made by the origi�at Borrower ar Bonower's successmrs .�'�:=-
<br /> : . , in iateac.st.Any fo:bearance by Lender in exer�ising any rigdt or ree�edy s5all not be a waiver of os preclude ttte ezercise of any • ---
<br /> �'', . right or nmedy. ..�`�,
<br /> � � 1Z.Snocessors and Assigas Bannd;,ioiat and Several Lia6iSity;Co�siguea'i9ie covenants and agreements of fhis . ,a�''�
<br /> � � Sec�iry Inswment shall bind aad ben:fit the successors sud assigns of Lenda aad Barrower, subject to the pmvisons of `"�"�'�
<br /> `. ::�..__�
<br /> f�; . .' .'_ • paragraph 17. Boaowds cove.nants and agreements shall be joiat and seveaal. Aay Bmrower who co-signs this Setauity �=`
<br /> � � Insarument but does not execute the Note: (a)is co-signing this Secauity Instrument onty w mortgage,grant and coavey that , � ,_
<br /> ' Bosrower's interest in the Property under the terms of this Seaairy Instrumen�(b)is uoi pasonally obligated to pay the snms ��:�•:�
<br /> seaued by this Se�auity Instrumen�and(c)agcees that Lender and any athes Bonower may agree w eaeter�,modify,fo�or . .�•__-
<br /> ' � make any accommfldatiaas with regard to the terms of this Secwiry Insuument or the Note without th2i Borrowea's consent • �_
<br />� � � � s 13.Loan Cbarges. If the toan secured by Uus Secwity Instrument is subjecc to a taw which sets maximum loan charges. .., . --_-
<br /> . • � and that!aw is tmally iatapreted so tbat the inusest or other loan chazges col2ected or to be coliected in connection with the toan ..:,.��..-
<br /> • exceed the pertmtted Wnits,t�en:(a)any such loan charge shall be redaced by the amount nece.ssar�►to rednce the charge to the . ��s:`
<br /> , . permiued limii;and(b)any sums alrearly collected from Borrower which exceedeA pea�nived limitv w�71 be refunded to B�rrower. _
<br /> � Lender may chaose to make this refund by reduc�g the princepal owed under the Note ar by making a direct payme�.to . --.
<br /> -, � � Borrower. If a refund reduces principa3,the reducaon w71 be trcated as a partial prepayment w�thout any pre�ayment cf�arge - � -�
<br /> .. � andcr the Note. '
<br /> 14.Notices. My no6ce w Bormwer yroviQed for in thl�Securiry Inst�ument shall be given by deliveaing it or by mail�g it . , �
<br /> by fust class mail unless appliab2e laa+nyuires use of another method.'IUe nodce sha116e directEd to the Property Address or . . . .
<br /> � � any othea address Borrower designates by noricc to I.endcr.My nodce w l.cnder shall be given by fust etass mail to Lender's � �;;:
<br /> �•. . . . . ., address stated herein or any other address Lender designates by nodce to Borrower.My notice provided for in thls Secwity . ,�-�.. .
<br /> . ' Instrument shaU be deemed tn ha,ve been given to$orrower or Lendea when given as ptovided in this yaragraph. . �
<br /> � IS.Cov�eming Law;Severabiltty. 7fils Stxuriry Inswment shall be govemed by fcderal taw and thc law of the . . •
<br /> �� ` jurisdicdon in which the Propeny is located. In the cvcnt that any provision or ctause of tUis Security Instrument or the Note .
<br /> ' conticts with applicable law,such conflict shall not affect other provisions of this Security Insuument or the Note which can be " .��
<br /> .• � � ' given effect without the wnflicdng provision.To this end the provisions of this Securiry Inswment and the Note are declared to •�
<br /> �� be severable. � •
<br /> • Fo�m 3028 9Jtl0 .
<br /> , ' � �•9H�N�tB2t2!•oi Pagvao�e Inttlal�: . • ..
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