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<br /> ° `" paymcnl�mt�y n�+Io�iFcn c�rcyoirca. ut thc optian uf l.cndc�,if nwrt�;i�gc insun+ncc rnv��ragc lin thc i+muunt nnd for tlw periad -_
<br /> .�� lIL'll I.CIIIICP rr•yiiires) providcd by nn insurdr nppruvcd by l.cnder ng�in hecamcs uvailuhlc und is ubti�ineJ. Ilnrro�ver�I►uli p•ry 4
<br /> _ . f�� thc prcmiums rcyuircJ�o mutntuin m;�rigagc insurunrc in cffcct.or to prnvidc a li�ss resrrvc. umil thc r�quircnu:nt fnr murigagc __
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<br /> insuruncc cnds in nccurdnndc with nny writtcn ngrcemcnt Uctwcen Borrower nnd Lendcr or npplicublc iuw.
<br /> �' 9. Ifiti�lfCllliil. l.�udcr��r its agcnt m:�y m�tkc rcn+anablc cniric�upnn nnd inspcctions uf thc Praperty. Lcndcr �h;►ll givc �.;.
<br /> Borrower n�nice at thr tfine oP or priur to nn inspection specifping reasonable cause fur the inspection.
<br />'":`�'.��-�•---:� 16.Cundemnadon. Thc praccr.ds of nny u�vcirJ or claim i'or danr,aFcs, direct or conscqucnti;d. in camcctiun �vith any __
<br />- cundemnation or other iaking of any part of�hc Property,or for convcyan��c in licu of cundemnatiun.are hcrcby assigncd c�nd _
<br /> ----- shall bc paid to I..eadcr. �:;.
<br /> .�e. In the event of a total takirg of the Pcoperty,the prcxeeds shall be npplieci to the sums svcum�i by this Security Instniment, __
<br /> � �' whetlier ur n�t thcn duc, tivith any rxccss paid to Borrowe�. In the event nf n pactinl toikin�of the Frupeny in which the fuir c
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<br /> �'�.^�- �• � market value uf the Propeny immaliately i�efore thc taking is cqual to or gccaler than the:!ntonnt nf the sums secured by this
<br /> ==` Security[nstniment immeciiately before the taking,unless Bormwer and I.ander othenvisc agrec in writing,the sums secured by
<br />`'����`�'°` � this Security Instrument shall be reduced by the amount of the procee+is multiplied by the fallowing fraction: (u) the tatul
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<br />- �., �-'•` amount of the sums secured immediately bcfore the taking, dividcd by (b1 the fair market value of the Property immedintely
<br /> `»" before thc taking. Any balance shull be paid to Borrower. In the event of a partial tukins of the Pm�rrty in �vhich the fuir
<br /> �:;,^'ii�„� market value of the Prope�ty immcdiately before the taking is less than the amount of thc sums secur�l immediately before the
<br /> _��;ff�;,;� �uking, unless Borrower and l.ender otherwise agree in writing oe unless apptialble la�r athenvise pmvides, the proceecis shall _-
<br />-��;,,P;:� be npplied to the sums secured by this Securiry Inswment whether or not the sums are then duc. _
<br />' *�-' If the Property es abandoned by Borrower,or if,after notice by l.ender to Borrower that the condemnor offer�to make an
<br /> -'`�'``�t�`� award or settle a claim far dama�es, Borrower fails to respon3 to L.ender within 30 days after the date the notice �s given, __
<br />_�;_7^`-� I..ender is authoriu�d to collect and apply the praceeds,at its option, either to restoration or repair of the Property or to the sums
<br /> __ _.� secured by this Socuriry Instrument, whether or not then due.
<br /> -;�__, 4Jnless l..ender and Borrower otherwise agree in writing, any a�plication of proceeds to principal sh.dl not extend or
<br /> J,r���� postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amount of such payments.
<br /> — 11,Borrower Not Released; Forbearartce By I.ender Not a Watver. Extension af thc time for paymcnt or malific:anon
<br /> ��`�� of amortiz�ttion of the sums secured by this Securiry Instrument granted by Lender to uny successor in interest of Borrower shall
<br /> �'�='�'-'_� riot operate to release the liability of the original Honower or Borrower's successots in interest. l.ender shull not be required to
<br /> � commence proceedmgs ngains[any succe�sur iu iutaicac o; rfus�ta�xscn�ti:r.�f�r r3;�?e�r or oiherwise mo�ify amorti�ation
<br /> ----�� af the sums secured by this S�:turity Instmment by rc��son of uny demand made by the original Borrower or Bonower's
<br /> __-_-- saccessors in interest. Any forbearanoe by Lender in e�ercising any right or remedy shall not be a waiver of or preclude�he
<br /> ---- exercisc of any right or remedy.
<br /> _—= 12, Suecessors and Assigns Bound;Joint and 5everal Liability; Co-sigrters. The covenants �nd agreemen4s of this
<br /> "`�"� Security Instniment shall bind and benetit the successars a�id :�ssigns of L.ender and Bonawer, subject to the provisions of
<br /> _— paragraph 17, Borrower's covenants and agreements shall bc joint and several. Any Bormwer who co-signs this Security
<br /> — Inst►ument but does not execute the Note: (a) is co-signing this Security instrument unly to mortgage, grant and convey that
<br />-- --- Bo�rower's interest in the Property under the terms af this Securiry Instrument; (b)is not personally obligatecl to pay the sums
<br /> secured by this Security instrument:and(c)agmes that l.ender and any other Borrower may ag��ee to extend,madify,forbear or
<br /> make any accommodadons with re�azd to the terms of this Security Insttument or the Note without that Borrower's consent.
<br /> 13.I.oan Charges. If the loan se�ured by this Security Instrument is subject to a law wNich sets maximum loan charges.
<br /> and thut law is finally interpreted so that the interest or other loan char�es wllected or to be collected in connection with the =_
<br /> loan eRCeed the permitted limits,then: (a)any such loan chargc shall be reduced by the amount necessary to reduce the charge �
<br /> to the pexmitted limit;and(b)any suins :�lready collected from Borrower which exceeded permitted limits will be refunded tm -
<br /> Borrower. Lencler may choose to make this xefund by rcducing the principal oweci under the Note or by making a direct
<br /> payment to �orrower. If o refund reduces principal, the roduction will be treated as a partial pmpayment without any
<br /> �- pmpayment charge under the Note.
<br /> 14.No48ces.Any notice to Borrower provided fnr in this Security Instnrment shall be given by delivering it or by mailing
<br /> it by first class•mail unless applicable law requires use of another method.The notice sha71 be directed to the Property Address
<br /> or any other address Borrower designR�tes h,y notice to L.ender. Any notice to Lender shall be�iven by first class mail to
<br /> Lender's address statcd herein or any osher address Lender designates by notice to Borrower. Any notico provideai for in tl�is
<br /> —_ Securiry Instrument shall be deemed to have been�iven to Borrower or l.ender when given as provided in this paragcaph.
<br /> -- 15.Governing I.aw; Severabi(ity. This Security �nstniment shall bs govcrned by fcxieral law and the law of the
<br /> -- -- —= jurisdi�tion in which thc Property is located. In d,e event that any provision or clause of this Sc�curiry Instrument or the Note
<br /> -�- --==9C.�:� conflicts with applicable iaw, such conflict shall not affect other provis9ons of this Security instrument or the Note which can be
<br /> - -_-_-,�,�,,,�7 �iven effoct without the ronflicting provision. To this end the provisions of this 5ecu�iry instrument and the Note are doclurec�
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