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<br /> paymeut�may no Ionger 6e r�u�,ai the option of l�d�.if m�t�ge msurance wvera,ge(u� e auio p '°�� < < : .
<br /> . , that I.e�dea requjres)pmvided bY an insm�er ePFtavc;d by Lx�der aga�beoomes avai�b�e�d is obtained.BoAOwer s6all PaY th� . ti:.°,. . � �
<br /> ' • � �r�inms requued to a�tain moitgage iusu�ce ia effe�x, ar ta provide a toss resecve.imtil the r�u�e�eut for mortgage � ,� ` ,
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<br /> � �� ' in.�aance eads in acc�o�dance with at►y wriuea agceement bemeea Bouower end Lender ar applicabte taw. � .' ` .
<br /> . _.>'.--�.�� 4.Insp�on. Lender or its ageut may make c+easanable�uies apon and inspectioas of the Propecty.Leader shall give :
<br /> -- -=-�- Boaow�nodce at die ume of oi priQr ro�ins�ect�n specif�ng�easonable cause for the inspectian- ' -_."�
<br /> - • ._� 10.Condemnatfon. 'Ihe pmceeds of any award or claim for damages.d'uect or conseq�ential, in oonn0ction aitL any . [' : •.
<br /> condemnarion ar ot6er takmg of any pazt of the Ptopaty,or for coavey�ce in tieu of condernnarion,are t�ereby assigned aad - : � '
<br /> _ � shall be paid to I.ettder. ' F •,' '
<br /> , � . In the event of a mta!ta�ag of the Pmpe�ty,the p�r,ceds shall he applied W the sums secared by this Sera�rrty inslrttment, ', <t.
<br /> _ . - whethea oT noi thca due,with any excess paid m Bonower.In the ev�t o f a p a a ti a l�g o f t he P rop e,c f p in w h i c h t h e€a n r m a r k e t '�.< ` `,,,.,
<br /> � vatae of the Property immediatety befare the taking as eqnal to or greater than the amoimt of tHe sums se�auai by this Sec�ity ' `� 4�`�'��.
<br /> Inst�ument immediatEly befaie the taking, uatess Bocmwer at►d Le�der otheawi.se agree ia v�rriting,the sums secured by this � >,.�-'':ti-='
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<br /> • �. Sec�ity Insnumeat sLa116e reduced by the amouat of the pmcceds mWtip}ied by the foltowing 6aaion:(a)the tatat amount of • , _. ,;+,�:,
<br /> the smns s�immediately before the�ng,divided by @) the faff madcel value of the Pmperly i� ;arPty befoie the --6-
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<br /> � �� "��= taYiag.Ang balmice sLall be paid w Borcowec Iu the eveai of a pai6al taking of the Pmperty a�whieh thB fair market value of the . __^_
<br /> . >�' Fivperty imme�iaLely before the ial�g is less t6aa the au��t of the sams sec�ued immediately befare the taking>ualess
<br /> . . Boaowea and Leader otheavnse ag�ee in writing or unless applicable law othe�wise pm�vides.the gmcecds shall be applied to the , -
<br /> � . _ svms secmred by t6is Seaairy Insuumeut arhet6er ar not the sumc are then dBe. � : . °:��z __
<br /> ` If the PropeatY is abandoned by Boaowea,ar if,afte�r notice by I.euder to Borrowea diat the condewnor offeas to matce an . . ��� s.- --
<br /> ' • � award or settte a claim for damages.Boaower fa�s to resPond m Lendea whhia 3 0 d a y s a ft�We d a t e t he notice is,given.L w d e r _ _'; �'"��
<br /> is aathori7�d w coIIect aad apply the pmceeds.at its option.eid�ear to restoration or repaff af the Pmperty or tn the sTnus se�ured ` " -�
<br /> by iLis Sec�ity Iustr�ment,whethea or aat then dae. `�-
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<br /> ' - Unless Lender and Bomnwez otheawise ag�+ee in writiag,anY aPPlicatiQn of ptoceecLs to prmapal si�a}1 noi e x t e n d or postpone
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<br /> .. . . :: the due date of the monthlY DaY�tefeaed tn m paiagtaphs 1 and 2 or chaage tbe amaunt of such payments. , � �
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<br /> • • 11.Bomawer 1Vot Released;Forbearance By Lead�No�a�aiver. Fa�te�an of the mne for paymeni ar ma�on '�
<br /> � � of amo�ation of the sums sec�red by this Securiiy Iast�ament granted by Lender tn any saccessos in inte�rest of Bo�rawex s�aU � ,
<br /> � � � not opeiate tn release the liab�7ity of the origmal Bonowei or Borrower's saccessms ia inte�rest.lender shall not be req�ined w �;�:r � ,��= =
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<br /> - � .' � . commence proceedings a�ainst aay succ,e.csor in inte�t rnr refiue to extead dme for paymeat or ath�cwise modifyr amord7adon of ,,`:s���
<br /> � the sums secnred by this Sec�uity In�ment by reason of aay demand made by the ariginal Bcumwer or Boiro�av�'s s�ars . ''��;
<br /> in int�r�st.Any farbea�ance by Lendea II►exearcising any right or remedy s1�aU not be a waivea of o�preclnde the exeacise of any '<���_
<br /> " , . rig6torremedy. ... �`. :�i_
<br /> . . . lE.Suoecssoss aad Assigns Boand;Soint and Several Liab�ity;Co-si@cera.The coveaanta and a�ts of this �.�`.��
<br /> _...._.. Sec�ity Insuument shall bind and beaefit the successo=s aud assigns of I.�der and Bormwes. subject w the paovisions of �:., ": . • �
<br /> , - . paragrapb 17. BaTmwer's covenants and agrecanents shaU be joint and seveaal. Any Botrower who co-signs this Security 1.• �. •� ;:£��.y_
<br /> Insmimeat but dues not exerute the Nore: (a)is co-signiag thls Security instnunent onty to mortgage.grant and canvey that �� � ..:�
<br /> � � Bonower's interest in ihe Yropea[y undea the terms of this SeGaity Inst�uraent;(b)Ls not peasonally obligated oo pay the soms ,,�.,�
<br /> � ;� secmed by this Securiry Instrumea�and(c)a8rees that Lender and any othea Borrower may agree to estend,modify,forbear ar � �: �•:,
<br /> � , .' maYe any acoommodations with re�rd w the teams o f t h i s Security I n s u u meat ar t he No t e wi t hou t t h a i B Q r m w e a's c o n s e n t ' , -- .
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<br /> : 13.Loan C6arges. 1f the Ioan s�d by this Sec�uiry Iast�umeut is subject W a law whlch sets maxun�n loan charges, . ,�i..;
<br /> and that 1aw is Snally�nte�preted so that the wtaest or oiher Ioan charges coIIe�ted or w be couected in connecflon with the toan • . .,?!�'��•
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<br /> �� � � ` exce4d the permiued limits,then:(a)any such Ioar�cdarge shall 6e rednced by the amount neccssary to reduce the charge to the . . - __
<br /> __;._ ._ .. . � .< �. peamitted timix atul N)anY sums already colleeoe�from Horrower whicb c�cceeded permiued limits will be refimded w Bouower. � � ' • ,`,;;�-�_�
<br /> . . I.ender may choose w meke thi�refund by reducmg the psincipai oweJ under ihe Note oz by r�ng a direct payaicstt w - -- ,
<br /> .. Bonower. If a refund reduces principal.the reduc6on wil16e treated as a paroal prepayment without anY prr.payment charge . . . �. _.-
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<br /> . .� • under the Note. . . :
<br /> ��. � 14.Noticea Any no8ce to Bqrrowea pmvidesl for in�his Security Insaument shaU be given by delivering it ar iv�r mailing it . .. .
<br /> . . by first class ma'sl unle�s applicable 1aw requires nse of another methad.'Ihe noBce shall be dIIecced to the Pmperty Address or .
<br /> ;� � any oth�address Bonower designates by nodcc W Lender.Any norice w Lender sha11 bc giv�by fust class mail ta Lend�'s � ..
<br /> . address stated herein or a4Y mhed address Lender design�tes by noflce w Borrower.Any notice provided for in this Security � : , •. .
<br /> � Iasmunent shall be deemed tn have been given[o Bomnwea or Lender when given s�s provided in this paragraph. � . ,
<br /> � 15.Governtng Law;Severa6Nty. This Security Inswment shall be govemed by bederal taw and the law of the . _. •
<br /> jurisdiction in which ihe Propeaty is locatcd.In the event that any yrovision or claiue of this Seauity Instrument or the Note • .
<br /> � . contlicts with applicable 1aw,snch wnflict shall not affect othc�provisions of this Sea�rity Ins�ument or the Note which can be . . ;
<br /> given effect without the confticting provision.'to this end the provisions of this Security Instrument and the Note are Qeciared w • �
<br /> � be sevenble. `� .
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