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<br /> payments may no longer t►e required,at the opdon of l.ender, if niortg�tge lasurunce cyve.rnge (iu tluc nn�r,arnt�uxl far the pedod °
<br /> that Leuder requira) provided by nn iusurer approved by Lender ag�la becomes ava'vlabl�n�ul i��c+br,�lraecl. Bonower sliall pay
<br /> tLc premiuma regulred to m�3ntaiu�ortgage iasurance In effect,or tu providc a loss reservc,Unt�l diiu r�q►t5tetttent far mortgage
<br /> ' insurance ends 9t�ac�,c5rdatux v�lth a�iy wrltten agrecment U;.twezu Aorrower iuxi Le�x.l�r or�pplicxbla Inw. •
<br /> , 9.L►spection. Lender ar it�ag�nt may makc reasonable eutrlea upon and l�rrpecdons of t�e Fy�apr,ery. Lender shall give � �
<br /> � Bonower notice at the time of or prlor to an inspecdon specifying reason�tble cause for the insgeccie�n.
<br /> �"'� 10. Condemnatlon. 'I9�e proceeds of any award or claim for dawages, dirext or con5equaruhal, ira wnnecdon with any ;.:y�._
<br /> condemnadon or ather taldag of any part of the Property, or for eonveyance in li�u of condemnatc�an,ar.e t►�reby a.SSigned and �•• ''�
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<br /> � shall be paId to Leader. r, ,�,;•�=�:
<br /> In the event of a tu�tl tald of the Pm °��'-��-'-
<br /> t n� Perty�the proceeds shall be applied to�ti�sums sec:urecE tny t1�iq SesurIty Insaument, _;:-=--
<br /> whether or uot then due, witL any excess paid to Horrower. In the event of a pa�dal taktag of tlae Fro}��rty In which the fair ^°-�T
<br /> marl;et value of the Property immecllately before the taldng is equal to or grentes thasi the�mount af d��s�uns secured by this �� ��?+..-.
<br /> Security Iasm�ment immediately before the takina,unless Borrower and I.ender othetwise agree iri.�+rlcKn�,st�e s�uns secured by �```"-��
<br /> , this SecvrIty Instrument shall be reduced by the amount of the proceeds multiplled by the foll:ovy4��� ftucdon: (a) tli� toeal ,...'�`R.-
<br /> amount of the su�s secured'upmediately before the taldng, divlded by(b) the f�lr mark�et vulue cti'�th�e l��operty immediately -_
<br /> .,� �� before the taldng. Any balance shall be paid to Borrower. In the event of a paati�l tc�lcimg off tr� FrnPe�y in which the fair =�=-��
<br /> %`�;';•.,: ;� • market vaiue of the Prapert}r i�nraecliately befor�e the taking is less than the a�ouut of the sums sec�Wd ivamediately before the ,%���.;�%����.
<br /> ��';`!•_�:�{(!;,' �, unless Borrower and Lenc�er otheiw3se agee in�vrit�ng or unless applIcable law c,ttiervNise�u:ov'sc�:x, the proceeds sbntl ��r?���11�--:..
<br /> ^�'�:��� be applied to the sums secumd by this Security Inswment wLether or not the sums are then due. -_ --
<br /> _. • � If the Property is aban�ioned by Borrower,ur if, after notice by I.ender to Do�rower that tFic cc�wwar.r�r offers to make an �'�`���
<br /> " award or settle a claim for damagea, Borrower fails to respond ro Lender wi2hin 30 duys afe�r t�O:e d,at2 the nodce is glven, �}:--
<br /> Lender is authorized to coll2ct and apply the proceeds,at its opdon,either to restorndon or rep�ie of Uae Fropercy or to the rums
<br /> secumd by this Security Insteument,whether or not then due. ° —
<br /> � :' • Unless Lender and Horrower otherwise agree in wridng� any applicadcu�of pmcc�ds to pziIIr.i�1a3 shall not extend or
<br /> , - , postpone the due date of the monthly paymenta referred w in paragraph.g 1 and 2 or ct�age the amaunt ot.i�ch gayments.
<br /> � Il.Bomower Not RdeaSed;Forbearanc.e By Latder Not a WRlver.Bx.tensian of tlie tn�n¢fc�pny¢nent or modificatlon ,,:
<br /> of amorttrat3on of the sums secureci by thia Securlty Instnunent granted by l.eur3cr to any succe.9sor i�i�wsrest of Horra;ver s6a11
<br /> - . �wi opernie io ieIe�se ine tiabiliry of the ariginaf�sorrower or Bonower's succes.tiorn in intereNt. L,eadur et�all not be nguired to '
<br /> � - cammeuce proceeciings against any succe.s,sor!n inte�est or re5�.se to eatend dm:far payment cu oL'tecwlac niodify smortltitdon �.`
<br />- of the sums secu[Yd by this Secudry [nstrumevt by reason �f any demancD �xiacle by t�ie origi�u�ti E+:�rower or Bomower's ��`
<br />- " successore in intenst. Any forbeseauce by L.ender in exercisiug any riglit or romqly slwq not 6c a waagtr of or preclude the E�-
<br /> � �� eaerciae of any dght or remedy. ��'�
<br /> _ .. . 1�. Successore and Assl� Bound; Jolnt a�id Several L�abllityt Ca•si�s. The cmvennn�� a�agramente of this
<br />^ Securlty Insuument ahall bind ansl benefit the successors and assign9 of Ixndcr and Borrowcr, suUjec¢ to tho pruvisions of t'
<br /> �_�" paragraph 17. Borrow�r's wvenants and agreements shall be Joint and se�;rAl. Any Borrower wi►o casigas ttue Security
<br /> Iustrument but does not eaecute the Note: (a)is ca-signing this Security Insetameat only to naor��aIIe, g�ant ancl eonvey that �,`
<br />-T � B o r r o w e r's i n i e r e s t i n t he P r ope r ty u n der t he tenns o f t l�s Securiry Instiumera; (b)is not perst�nnity abligated to pay thc sums
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<br />"- . • secuied by this Sec�uity Instiument;and(c)agrees that Lender and any other Burrower may agr�e to eatc�d,modify, focbea�r or �_•�,'
<br />-`�-.��:� . make any accommodations with regard to We team.g of tlus Security Instrument or the Nou wit�cut tlmt IIqarower's coiuent. b::�
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<br /> 13.Loan Cl�r�es.If the loan secured b alus Securi Instrument is sub�t to a law which seha m:iaximum loan chaz es, � "
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<br />��_--,�,,,., , and that law is finatly interprated so that tve iucerest or other loan charges colle�tsd or to be cotl�co¢d in connection anth�Le � .�-
<br />��,.; :.. '�.; loan eaceed the permitted limits.then: (a)any such loan charge shsll be reduced by the ninount vecessx�y to roduce the chazge �;::`-
<br />—_ • to the�emritted limir, and(b)any sums already collected from Borrower w1ucE�exceeded rmiaed lim3ts will be refunded w ���---
<br /> - � � �:��-.
<br /> - ���•� Botrower. Lender mag+ choose to make this refund by reducing tl�e principa9 owed under tt�.e Nr.�; or by mallcing a ditect ��-'
<br /> - � "' .��� paynient w Borrower. If a refund reduces principal. the r�edncdon will be acated as a �tnranl p,:,�ayraent �vithout any [`ri.-;-
<br /> ` � '�t prepayment charge uader the Note. °���''
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<br />,,,;;-�.�'•'�: 14.Notices.Any nodce to Borrower provided for in this Security Insuu�uat shnll be givea by delinrering it or by mailtng r'��'
<br /> � '"""'`�` it by first class mail uuless applicable law mquires use of another method.17ie�todce shali be�irecdtd t�the Property Address �,�`'"``
<br />'-`�'����` ' or aa other address Borrower desi -
<br /> _ y gnates by nodce to Lender. Any notice ta I.enoler shull be givea by first class tt�ail to '"`s..—_
<br /> � -' �•�•� Lender's address stated herein or any other adciress l.ender designates by nntice ro Borrowcr. P,ny nic�rx provided for ia tlus
<br />�� Security Instrument s6all be deemed to i�nve been given W Borrower or Leader witcn givcn as pr�vid�td in this paragraph. �
<br />- 15.Governing Law; Severabllity. This Security Instrument shall be E;overned by fedcral lu�. and thc law of the - ---
<br />- jurisdiction in wlnich the Property is locateci. Ia the event that any provision or clause of 81in�ecurit�Instcuiuent or the Note �
<br /> _ conflicts w3tli appllcable law,svch conflict shall not affect other provistons of ttus Securiry I�ment or t1�e Note which can be ���
<br />- ven effect withoux the conflIc , ' ���:��-
<br /> 8i dng provision. To tWs end thc provisions of this 5ecurity Instrum�nt an�8 the Note are declared ..�.y_!_.
<br /> . to be severable. ,. , �.__,_
<br /> 16.Borrower'6 Copy.Bortower shall be given oue cc�nfonned copy of tlie Nate aad of thi3 Security Instrumeat. •'''�','`�_
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