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<br /> � paymcnta may no longer t�rcqulred.at tha option of Lsnder, if martgage insurance cov.erage(in the amount und for the perlad �
<br /> that Lender requins)provided by an in�unr apProved Uy I.cndcr again b:,comes available and is�htained. Borrower shall pay �.
<br /> the premiums reyuired to maintain mortgage insurana in effcct,or to provide a I�ss rese�ve,until[he requixement for martgage
<br /> insurance ends in acc:ordance with any written agmment betweea Honower and Lender or applica�ble law.
<br /> 9.InspeCtton. Lender ar its agent may make reasonablc ontrics upon and inspecttons of the Propeny. Lcnder sh�ll give
<br /> Bonower notice at the time of or prior to an inspectlon specifying reasonable cause for the inspection.
<br /> 10.Condemns►tlan. The procceds of any award or claim for damages,dicect or consequential, in connectton with any
<br /> condemnation or other taking of any part of tlne Property,or for waveyance in lieu of condemnatian, aze hereby assigned and _
<br /> shall be p�id to T..end�r.
<br /> In th�event of a total taking of the Properry,the pxc�eceds shall be applied to the sums secured by this S�curity lnstrunxnt.
<br /> whether or not then due. with any excess paid to BorroHer. ln the eveat of a partial taking of the Property in which the falr
<br /> markot value of the Pcoperty immediately before che taking is equal to or greater than the ameU.^t of the sums secured by this
<br /> Security Instru�aeat immediat�ly before the taking,unless Borrower and Leader otherwis�agree in writln8.the sums secured by
<br /> tl!is Securi�y Instn►m�nt shall be reduced by the amount of the p:oceeds multip�ied by the following frxtion: (a) the total
<br /> a,mount of t:1e sums sre�sre�i immedlately befon the taking, dlvided by(b) the fa��enark.ec value of tiie Froperty immcdiatcly
<br /> bcfore tbe caking. Any b+xlnna shall b�paid ro Borrower. In the evcat of a pxnns� taking af the Property in which the fair
<br /> mlrket value of the Property immedlatcly before the taking is less than the amount of the sums sxurcd tmmediately before the
<br /> taking,ualess Borrow�r and Lendor othcrwisc agree in writing or unless applicable law othervdse provides,tht proceeds shall
<br /> be applied to the sua�s secuced by this Securlty Instnrsaent whether or not the sum�are then due.
<br /> If the Propaty is abandoned by 8orrower,or if.aFcer aotia by Lender to Bonower thxt tt+e condemnor o''rfers to make an
<br /> awerd or settle a claim for damages, Borrower fails ta respond to Leader within 30 days 3Ster the date�h�e nottcx is given,
<br /> Leader is authorizod to collect and apply t�e procecds.at iu option,either to restoratiop or repAir of the Pcoperty or to the swns
<br /> secured by this Securlty Insnument.whether or not then due. �tcation of rocads t� rinci al shall not exttnd �or
<br /> Unless Leader and Borrowor otherwisa agra in writing, any app' P P P
<br /> postpone the due date of tho uaonthly payments refetred to in pangraphs 1 and 2 or c�ange ihe amount of auch paymenu.
<br /> 11.Borrower Not �tele.�sed; Forbarance By l.ender 1Vot a wuver.�censivn vi iue iissre firi ga�'�st ar�a�tf:casioa
<br /> of amonizatfon of tlu sum�secured by this Security Instcwnent grantod by Lender to any succeasor in interest oY Homower shall
<br /> not opemte to relezse tha liability of the odginal Borrower or Borrower's successors in intecest.lxnder shall�not be requiml to
<br /> cocpnx�ce proceedinga ag�inst any succ�ssor In interest or refuse to eatend time for payment or othziwise snadify atnortization
<br /> of the sums secured by this Securlty instn�ment bX teason of any demu�d made by tbe odginal Borrowtr or Bomawar's
<br /> suxesaors in i�nterest. Any forbearance by Lender i,a exercising any dght or nmedy shail noc be a waiva af or precIude the
<br /> exercite of nny right or nmedy.
<br /> 12. Suoce�o��e anid Aad�ms Bound; Jotnt and Severd Llsdbtlityp Co-sl�nety. The covenants and agraments of this
<br /> Socudry Instniment shaU bind end benefit the successors and assi�n.s of Lender and Bocrower, subject to the provistons of
<br /> puagaph 17. Bormwer's covenancs ex�d aSreements shall be joint and sever�l_ Any Borrower who co-signs this Securlty
<br /> Instrument but doa�noi execute the Note:(a) Is w-signiag[his Secudty Insmsexsnt only[o mortgage, grant and convey that
<br /> Borrower•a interest in the Froperty under the terms of chis Security Instruroent;(D)ia not personally ooltgxed to pay the aums
<br /> sxured by this Security Imtrumenr,u�d(c)agras that Lender aiui aay other Bo�rower may agra to ext�nd,modify.forbeu or
<br /> m�ke my accominodatiom with regard to the teims of this Security Instc�ument or�he Note wit2wut.that Borrower's consent.
<br /> 13. Losn Cbsrses.If the lonn secuca!by this Socurity Instrurnent is subjoct to a law which sets awcimum loan rhuges,
<br /> ujd thu l�w is fu�ally inte�pntal w that the interest or other lou�charges colle�ted or to be wllected in wnnxtioa with the
<br /> lo�n exceed the permltted limta.then: (a)any such loan charge shall be reduced by the amount nec�ssary to reduce the c6uge
<br /> to the pern►itted limit; and(b)eny sums elcrady collected from Bozsawer which excaded permitted liatits will be nfwxkd to
<br /> Borrower. I.ender may ct►oox tQ roake thie refund by ralucing t3n principal owal under the Note or by maidng a direct
<br /> paymeat to Bormw=r. If a refund reduces principal. the reduction will t�e treated u a partial prepayment w[thout any
<br /> prepayment chuge nadcr the Note.
<br /> 14. Notices. Any notice to Borrower pmvided for in this Securiry Instmment sh�ll be given by delivering it or by mailing
<br /> it by first class mail unleu applicable law requires use of anuther method.Ttne notiu ahall he directai to the Property Addnss
<br /> or any ather address Borcowa deaignates by noticc to Lender. Any notice to Lcndcr sha11 be givon by first class mail to
<br /> Lender's address stAtai hercin ur uiy other addras Lender designates by notia to Borrowtr. Any notia pmvided for in chis
<br /> Sectuiry instrument shall bs damed to have been given to Bonowef or LenAer when givtn es providal in this paragraph.
<br /> - 15. GOYliplltj I.�R� Severability. Thts Securlry xnstiument shall be govemed by foderal law and the law of trie
<br /> - jurisdiction iu which the Property is located. In the event that any provision or clauu of this Securiry Instrument or the Notc
<br /> - conflicts with applicablo law,such conflict shall not affect other provisions of this Security Instrument or the Note wMch can be
<br /> given effect without the conflicting provfsion.To this end the provisions of this Security Instrument and the Note an declared
<br /> ro be uveruble.
<br /> 16. Horrower's Copy.Bomowcr shall be given une conformed copy of the Notc and of diis Security[nstrument.
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