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<br /> � at the option of I.ender, if martgage insurance coverage (in the amount and for the penod that Lender requires) �
<br /> provideci by an insurer approved by Lender again becomes available and is obtained.Borrower shall pay the prcmiums
<br /> . rquircd to maintain mortgage insurance in efiect,or to provide a loss resen+e, until the requirement for mortgage , .
<br />-� iasurance ends in accordance with any written agreement between Horrowet and Lendar or applicable law, t
<br /> � q,Inspectioa Lender or its agent may make reasonable entri�upon aad inspections af the Property.Lender shall ; , . , ,
<br /> ; give Horr4wer notice at the dme of or prior to an inspection specifying reasonabte cavse for the inspection. � � , �
<br /> 10.Condemaetion.The proceeds oi any award or claim for damages,direct or consequential,in connection with � �
<br /> ` . any condemnation or other taicing of any part of the Property.or for conveqance in tiea of condemnstion.are herebq ; , -�
<br /> � a�igned and shaSl be paid to Lender. !` �
<br /> In the event of a total taking of the Property,the proceads shall be applied to the sums sec:ued by this Security ,
<br /> Isestrument,whether or not then due,with any eacess paid to Borrower.I�n ttee event of a partial taising of the Property in �
<br /> �hich the fair market value of the Property immediately be€ore the taking is equal to or gceater t�an the ameunt of the .
<br />_ s+:ms secured by thia Security Instrument immediately before the taking,unless Borrawer and Leader other�is�agee � ,
<br /> • ;n writing,the sums secured bg tbia SecUritp Is.�trument shall be redua�.by the amount af the�vceeds multipliad by �� , . .
<br />'� ti�following fraction:(a)the total amount af she suma sacured imsae�"istely before the takiag,diti-ided bp(b)the fair �: ._ , ; •t
<br /> market value of ths Property im.�reediatelp b�vre the taki.ag.Any ba'.aacs shall be paid to Borrower.In the event of a i
<br /> ' pqrtial taking of the Fr�petty ia*�.ich ttte fair market�ue of tlta Fropertq immediately before the taking is less than �-:._
<br />- � ths amacrut of the sum.s secus+�ini:aediately be#ore the:a.�ng.ualess Borto�rer and Lender otherwise agr�e ia writing s `:�;��;;:;;:`..��'.
<br /> ` or unIe� appIica6le Iaw other�ise provides, the proceeds shalt be applied w the sums sec.vted by this Security '�:_�"' ` ,-_
<br />= �� . Instrument whetherar not the sums are then due. � `.."�..:. �,_;:_
<br /> - a If the Propercy is abandaned by BorcoR..r>ar if,a£�aotice by Lender to Ha��ec that�he condemaor offers to � -
<br /> � • '.� ce�ake an award or settie a claim for damages. Borrower fa.�e to respond ta I.e�der nithia 3Q dags after t3�date the ;,,r, r:
<br />.:�. sv�tice is given,l.endet is at�thari�zd to collect and app1�t�c proceeds.at ite optia�•either to restoration or repair of the E �.1;`;� .``=.T:t
<br /> � � ptoperty or w the sums secvred�this Security Instru:nerx,whether or not then due. �-'•' '----'
<br />:i.�: .. �' i�'}Yi'.
<br /> Unless Lender and Borrower otherwia°agree in writing,any applioation of proceeds to principal shall not estend or €
<br />-':� -�'� postpone the due date of the monthly pap�ents refern�d w in paragraphs 1 and 2 or change the amouat of such � �'.'',.1�'�.
<br /> � . P3Yments. . .. _'� �;
<br /> 11. Borrowes Not Released;Forbeerance By Lender Not a Naiver. Eatension of the time for payment or �'K'�"f�
<br /> moditiration of amortization of the sums secured bq this Security Instrument graated bq Lender to anq successor ia ' `".`; ; .';�`
<br /> � :� imerest of Horroarer sha11 not operate to:e:esse the Iia�ili.y of the ori�inal Borrower or Bonower's succe�ors in _ . `
<br /> ;...
<br /> interes�Lender shall not be required to cam�ence ptao�dings againsi any successor in interest or refuse to eatend �,:;,.�;,:
<br /> - tima for payment or otherwise�adify amac�zatioa of�:.�e sume secumd by this Security Instru�ieat by reason oi any _ �• x �:,,:
<br /> �:mand made by the original�ar-oaet or Borroc�er's auaoessors in interest.Anq forbearance�Lender in esercising `j'�'����'�;
<br /> atsy right or remedy shall not�a waiver of or ptecluda the egercise of any right or reraedq. ��'' ''� ^ '-�
<br /> �t ::1r:;sl:'i�'' :.�r.=:
<br /> 12 Successors aad Assigas Baund;doint and Several Liabilitq;Co-siguers.�COVP.I18IItS S11H 8�.A1CISt8 '.' !t,,1 ••" rf,,.ti;
<br /> ` af�this Security Iastrument s6a11�bind end benefit the successore aad assigns oi Lender aa@ Barrower.subject w the ;': .J%=-!:
<br /> '` pcnvisions oi paragraph I7.Borrowcr's cavenents aad agreements sholl be joint and several.Any l�orrower who co sigas � �:'�`'%;-'
<br /> ' td:s Security Instrument but does not�esecute the Nota (a}ia co-signing this Security Instrument only to mortgage. -�'-�� -,:������`�
<br /> :+' g�ant and wnvep that Borrower's iaterest in the Propertg uttdet the terms of tlus Security Instrument; �b) is not � � ' '�' � �����
<br /> , persoaally obligeted to pay the sume�cuned by ttus Security Instrument;aad (cj agrees that Lender sud any other �; ;�::'
<br /> � Hanower may agree to estend,modifp,farbear or make anp accommodations with regard to the terms of ttus Securitq ,� . : � �:`',�
<br /> �E Instrument or the Note withaut that Borcvwer's consent. . . `��''"'.�`
<br /> �- L3. Loan Charges.If the loan s�ecurpd by this Security Instrument is subject to a law wfucPs sets masimum loaa ,� •�����r=
<br /> .:• . _;:�-
<br /> ct�, sitd that iaw is Pnally interpteted so that the interest or other loan chu�s collected or to be collected in '' � ,
<br /> . .�;-� � cassn�tion with the toan esc�the pesmitted limits,then:(aI any such loan chs�e shall be reduced by the amount �r s`�� �: .�
<br /> �rf�,
<br /> necessary to reduce the char� to the permitted limit; and (b) any sums alreasEy collected from Bonower Nhich ;�,,.�M�: � :�
<br /> , �t'. es ce e d e d permi t t e d limits wi 1 1 b e r e fun d e d t o Borrower. L e n d e r m.a, c h a o s e t o m a k e t h i s:L f u n d b y r e d u c i n g t h e .'':,;:,::;i.�'.: ..��.
<br /> r ' p:incipal owed under the Note or by malcing a direct payment to Bor,ra�rer.If a refund rednces principal,the reductiop �'� �"�'� �:, ;�'
<br /> �� wiU be treated as e partial prepayment without any prepayment charge under the Note.
<br /> 14.Notic�s.Any notice to Horrower providad for in this Securitq Instrnment sha11 be given by d�livering it or by . , ��,..� ..
<br /> . `.� mailiAg it by first clas�s mail unless applicable law requires use of another methad.The notice shall be directed to the . . �.
<br /> : �; « P'roperty Address or any other addresa Borrower designates by notice w Lender.Any notice to Leader shall be given by • �'`:
<br /> `:: 4 j first class mail to Lende�s address etated herein or any other address Lender designates by rac:ce to Borrower.Any ' •�<<-
<br /> aotice provided for ia thia Security Instrument shall be deerned w hava been given to BorroRer or Lender when given
<br /> ; ; as psovided iA thia paregraph. .
<br /> �� � � a 15.Governing I.ow;Severability.This Security Instrument shall be govemed by federal law and the law o4 the , �. .
<br /> ��� ' j�ntisdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or tha , � . � '
<br /> "';.� � Nate conflicts with zpplicable law.such confiict shall not affect other p:ovisions of this Securitg Pnstrument or the Note .
<br /> ' ,� whieh�be give*�e_°fect without the wnfIicting provision.To this er.d the provisions of this Security Instrument and � ' ,
<br /> • ! the Neta ate declared to ba severable. � .
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