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<br /> 1 paymentg may no longcr bc rcqulred,at d�c apdon of Lcnder,if mortgage tnsurancc covcrngc(in thc amou�nt and for thc perial �`
<br /> that Lcndcr rcquacs) providcd by nr►insurcr e.npravyd by Lcndcr again becomcs availnblc and is obtained.Honower shall pay thn I
<br /> 1 premiums requimA to maintain mortgagc inaurance iu cffcct,or to providc a loss rescrvc, until the rcyuiremcnt for mor¢gage I . _
<br /> insurance ends in accordence with any writtere ageeinent between Bonower and I.ender Qr npplicable law. (
<br /> I 9.Inspection. Lender or ita agent mny niake rcasonablo enaies upc�,i and 'uispections of the Property.Lender shaU �ive . ,_-
<br /> Bonowcr nodcc at tlhc timc of ar prior to nn inspccdon spccifying rcasonable causc for thc in.specdon. �
<br /> . 10.Cond�mnation. 'ltic prceccds of any nwerd or claim for damagcs, dlrect or conscqucndul, in connecdon with any , _
<br /> � � condemnation or other taking of any part of the Property.or for conveyance ij►lleu of condemnation, nre hereby assigned and t • ,
<br /> shaU bc paid to L.cnc�er, � �
<br /> I In the event of a rota!telcing af the Property,the procecds shall be applled to the sums secured by this Security Insuumen�, t , _
<br /> whether or not then duu,with anY excess F;�d to Borrower.In the event af a partial takina of the Propercy in which the fair mnrket , -
<br /> value of tha Property immediat�ly before die takinB is equal to or greater than the tunount of the sums secared by this Secutiry ; �._:;�:;,•`";:��,.. . .
<br /> Instrument immediately before thn teldn�,�anless Borrower and L.ender otherwise agree in writing, the sums sccwed by thia ' , �;' `�=
<br /> � Security Instrument sha116e reduGed by the amount of the proc.ceds muldplied by the following fracdon:(a)the total amount oF ��,,: ,.I�_j,�z,�,,,,.
<br /> the sums secured immediately bcfore lhc talcii►g,divIded by (b) ihe fair market value of thc Property immediately beforc tha ., �,��-:;:,;:�-��'y'�
<br /> takL�g.My balance shall ba paid to Borrower.In the event of a partlal teking of the Pcoperty in which the feir market value of�ha <<::�-'"'''��'�'
<br /> _st�...
<br /> ' Pao{.+erty immedintely tsefore the teking is less than the amount of �he sums secured immedtetely before the taking, unlnss "� "'"�
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<br /> Borrower and I.ender otherwise agree in wcitinK or unless applicable law otherwise pravides,the proce�ds shall be applied to th�s ��
<br /> sums secured by this Securiry Instrument wliether or not ttic sums are then due. •' w`=-~=
<br /> If the Property is abandoned by Borrower,or if,after nodce by Lender to Borcower that the condemnor offers to make an :T�-�=�;;-:.._ _ -
<br /> ' ' awerd or scttic a clair�for damages,Borrower fatls to respond to Lender within 30 days after the date the nodce is given,Lender �. ,,;,;��,r��,_
<br /> `��` is authorized to rnllect and applp the procee,ds,at its option,either to restoradon or repair of the Property or to the sums secuTCd � �, .;,,:..
<br /> by this 5ecurity Insuvment,whelher or not then due. ' �k ��
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<br /> � Unless Lcndcr and Borrower otherwise agree in writing,any application of proceeds ta principal shall not extend or postp�na �, •
<br /> the due date of the monthly�ayments referred to in paragraphs 1 and 2 or change the amount of such payments. -`{`�f�° ' ,
<br /> 11.Borrower Not Itelea.sed;Forbearance By Lender No!a Waiver. Extension of the dme for payment or modi�ication ��",�4� � "�� ,.,+
<br /> * ' of amordza�on of the suma secuned by 4his 5ecuriry xnsawnent granted by Lender to any successor in interest of Borrawer shxll ; ��s. '
<br /> nrn onerace to release the llability of the original Bonower or Borrower's successors in interesG L.ender shall not be required to ? , ��r M:
<br /> -- _-;_� , - --
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or ofherwise nivdiiy amo�iion�� ��-------�--^�;;. �=
<br /> ;, the sums secured by this Securiry Instr�ment by reason of any demand made by the originel Borrower or Bonower's successora �" `"
<br /> in interesG Any forbearance by I.ender in exErcising any rlght or remedy shall not be a wei�er of or preclude the exercise of any � '��� '.•
<br /> .. ,S:!, 'ti .,��
<br /> �� , right ar remedy.
<br /> 12.Successors and Assigna Bound;Joint and Several Lia6iUty; Castgners. The covenants and agreements of thts � ; ��(t"'
<br /> ' Sec�rity Instrumeat shall bnid and benefit the succ�ssurs and assigns of Lender and Borrower, subject to the provisions of � ;'�
<br /> •• para�sph 17. Borrower's covenants and agreements shaU be joint and severnl. Any Borrower who co•slgns this Securir� s
<br /> " Insuument but does not execuUe the Note: (a) is co-signing this Security Instrument onty ta mortgage,giraT►t and convey thHt .
<br /> ; Boaower's intemst in the Praperty under thc terms of this Security Instrumenx(b)is not personally obligated to pay the suma _ _ _
<br /> �= secuxed by this Security Instrument;and(c) agrees that Lender and any other Boaower may agree to eatend,modify,forbear or
<br /> rnake any accommodadons with regerd to the terms of this Security Insuument or the Note without that Borrower's consenG �_ ____:�
<br />� �' Y3.Loxn C6arges. If tho loan secured by this Security Instrument is subject to a law which sets maximum loan charBas.
<br /> " and that law is fmally interpreted so[hat the interest or othar loan charges collected or to be collectecl in connection with the loan "' �
<br /> ••�i�� exceed the p�.rmittezi limits,then: (a)any such loan charge shall be reducei!by the a�nount necessary to mduce the charge to the � ._
<br /> " �o- , petmittsd llmlt;and (b)any sums already callected fcom Bomower which exceeded pennitted limits will be refunded W Bocrowcu.
<br /> , �� : 3.ender may choose to mnke this refund by reducing the principal owetl under the Note or by making a d'uect payment to �;- --
<br />'�• Bnrrower. If a refund reduces principal,the redaction wiU he treated as a arual prepayment without en prepayment cha a - �-
<br /> P�r� � y � ��'AR-F--�=°.
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<br />' undes the Note.
<br /> !�`� 14.Natices. Any nouce to Bonower paovided for in this Security Tnsuumcnt shell be given by delivering it or by mailinn it -_—- ------
<br /> ; � � by first class m�l unless applicnble law requires use of another method.The nobce shall be d�rected to the Property Addn:ss or �'�`�„�;,,:__
<br /> • nny other address Bomower designatrs by nodce to Lender.Any nodce to L.ender shall be given by fust elass mail to Lender's , �{������
<br /> � �ddress stated herein or any other address Lender designates by notice to Borrowrr. My notice provided for in this Security ,%j� `''�. �,r�;
<br /> � h Instnimsnt shall be deeened tx►havc been givcn w�lorrower or Lender when given es provided in this paragraph. � ?� .�?'�c �•,�����-;�
<br /> ' 15.Govea�aing I.nw;Severab�i 'Ihis Socuri Inswment shnll be ovemed b federal law and the law of the :`�`:��� ,`�r'.;�•�p���
<br /> tp• �Y 8 Y ... .' ,� �re�,,.�,
<br /> jurisdiction in which tho Prope.rty ls located. In tha event that any provision or clause of this Securi�}r Instrument or tho Note .>t�_C;^:� �.�"'�.;,,�":
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<br /> ati ts witto a licable lnw,such contlict shall not affect other rovisiuns of this Securiry Instrument or the Note which can bo - '
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<br /> . gaven offect without tho conflicang provision.To this end the provisions of this Security Insuument and the Notcs are declnrad w : •.:`.',:
<br /> • tw scvcmble. � `ti?=.----
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