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<br /> ' et tho optian o! Lender, if mort���o inAUrance covers�e (in tho emount end [or t o parlod th�t Lo�dec roquiree) -
<br /> �...!; provided by�n inauror approved by Lender���in bocomee�vallable md(e obtalned.Borrower eh�ll p�y the premiume
<br /> '. required to malntain mortgtgo inaurenco in ef[nct,or to provide a lase reservo, until the roquirenient for mortgage _
<br />-:��f ineurmce ends in accordinco with�ny writun��roement betMOen Horrower snd I.onder or�pplicsblo l+�w,
<br /> _ - 9.Iarpoction.Londer or ita agent msy maka reaeoruble entries upon and inspections of the Property.Lender ehall _
<br />"J:�r �ive Bormwer notice�t the time�f or prior to�n inspoction epecityin�rason�blo cause fur the inapection. _
<br />-3•� 10. Coademn�tlon.Tho proceode oi any aw�rd or el�im for dim�gee�dlroct or c�nsequenti�l,in connxtion with
<br /> uny condemnation or othor tAking o!any part oi the Propaty,or for convoyenco in ltou oi wndomnetion,are heraby
<br />„�::;� assigned and ahall be paid to I.endor.
<br />_x+.y� In tha event of a wtal uking ot tho Property.the procxds shall be npplied to the eurns eocured by thie Security
<br /> Ynstn►ment,whotha or not then due,with any oxcese paid to Borrowor.In tha event oi a pertial taking oi tho Property in
<br /> which the fair markot vidue o!the Prc�perty immodietely botore the t�king is equal to or greater thiut the amouut of the
<br />;;��;.�, flvms secured by thie Socurity Instrument immodiately beforo tho taking,unless Horrower and Lender otherwteo egree
<br />-�,� In writing,the sums exured by thie Security Instrument sh�ll be roduced by the emount of the pracaeds multiplied by
<br /> tha followin�tnction: (a) tho toul�muunt oi tho sums Becured immodi�toly beforo tAe taking.divided by(b)tho falr
<br /> -- msrket v�lue ot the Property immediately before the uktng.Any b��ence sha11 be paid tu Bomoxer. In the event of a
<br /> "'�""� partial tnkin�ot tho Propercy in�vhich the lnir mnrket value of tho Pro�erty immediauly before the taking ie lese than
<br />-�=y� tho amount ot the eume r�ocurod immaiiately before the takin�,unlese HonoNer and Lender otherNise agree in writing
<br />-�s^� or unlese applicable lsw otherxise provides, the proceods ah�ll be applied to tho eums secured by thie 5ecurity
<br /> ���� Instrument whether or not tho eume aro thon due.
<br /> - = It tho Property is ab�ndoned by Bonowa,or it,aftar notice by Lender to Borrower that tho wndemnor offers to
<br /> -� make an awud or settlo s clnim for damages, Borrower taile to reapond to I.ender within 30 days efur the dete the
<br /> — notice ie�iven,Lender is wthorizod W collxt and apply the proceeds,at ite option,either to nstontion or rcpair oi the
<br /> _— Property or to the sums exured by thia Socurity Inauumeat,whether or not then due.
<br /> -- Unlese Lcnder�ad Borrower otherwise agree in writing,any epplication ot proceale to princip�l ehell not ertsad or
<br /> poatpono tho du� dato of tha monthly payments ref�rrod to in p�ngr+phs 1 and 2 or change the �mount of such
<br /> � p�ymcnte.
<br /> � I1. Bonower Not Releaud; Porbearance By Len�er Not�W�ive* Ertension of th�dme f vf pa��'*in
<br /> = -� modiiicaiion oc amuruiau�i�vi uiv ou►i�o m.�sc'.,3 hy .htv,,.,,.urit'� I.�izsm�t.�t'atli��;L�x_ct'._ �o, �!______ ___
<br /> ,' interest ot Bonowa ehall not operau W release the liabIlity of tho origind Borrower or Bormwer'e succeaeore in
<br /> � interest.Lender s.ball not be requirad to cc►mmence proceedinge ag�inst my aucer,eeor in intereat or refuee to ertend
<br /> time for payment or othorwise modify amortlzadon of tho suma eecured by thie Security Inatrument by raeon of any
<br /> dem�nd made by the ori�intl BotroMer or Borrower's succeseore in inteceat.Aay fnrbcaranco by I.�nder in ezercising
<br />`��-�- ' �ny riQht or remedy shall not be�waiver of or preclude tho exercise oiany right or reniody.
<br /> ' 1Z.Suaxsoore and A��j=as Bouad;Joint and Sever�l Li�bility;Co-sitnere.The covemnte and��reemonte
<br /> of thie Security Instrument sh�ll bind end benefit the eucceeaora and asel�ne of I.ender u�d Borrower,subject to the
<br /> provieions ot p�ragnph 17.Borco�a'e covenants and agreement�eh�ll be joint aad eeverel.Any Horrower Nho oo-ei�ne
<br /> �+ thia Security Instrument but daa not executo the Not�: (a)ie co-sigair�g thie Security Inetrumeat only to mort�a�o.
<br /> � ennt and convey that Borrowa's interest in the Property under the terme of this Security Iiutrumeat; (b) te aot
<br /> ;� pereondly obligated to pay the sums aecured by thie Security Instrument;and (c) s�reoe tlut Lender and any other
<br /> BomoNOr may a�roe to ertend,modify,forbear or make eny accommodations with regard to the terme of thie Security
<br /> , Instcumeat or the Note without that Bonower's conseat.
<br /> 13. Lorn Cliu�ee.If the loan eoaurcd by thie Security Instrument is subject to a law which e�te ma:imum loan
<br /> � charges, and that l�rv ie tiaelly interpreted eo that the interest or other loan charges wllocted or to be collxtod in
<br /> � ooaaootion Mith tho loan eYOeed tho permittod liniite,then:(a)eny euch loan chnrge shall be reduoed by the amount
<br /> nxeesary to redua the chuge to the permitted linntt; and (b) any sums aiready collected from BOftONCl' NI11C}1
<br /> �,. excaxlod permittod limits Nill be cefunded to Bornower. Lender may choose to make this refund by roduciag the
<br /> "' ptincipal owed under the Noto or by meking a diroct pnyment to Barrower,I[e rofubd reduces principel,the roduction
<br /> : � will be ueated�e a p�rti�!prepayrttent without any ptep�yateat chargo under the Nota.
<br /> ' 14. Noticei. �lny notice to Borrower ptovidod for ia thia Socurity Instrument ahall be given by delivering it or by
<br /> mailin�it by tirst cl�ss meil unlese applicablo Inw roquirea uso oi another method.The notice stull be dirocted to tho
<br /> Property Addrtas or nny othor eddrese Bonower designates by notice to I.�nder.Any norice to I.ender ehall be given by
<br /> �:•,, [irst cl�se meil tc�Lendex's addrcee stated herein or eny other address Lendcr designntea by aotica to Borrower.Any
<br /> notice providad ior in thia Security Instrument sha11 be deamed to have been givcn to Borroaer or Lender when given
<br /> es provided in this p�ra�raph.
<br /> — IS. Governin=L�e;Seve�rabiltty.Thie Security Instrument ohall be governod by toderal l�w and the law of the
<br /> juriedIction in Mhich the Property ie loc:ated.In the event ttut any provieion or cinuse of thie Socurity Inatrum�nt or the
<br /> Noto conflicts with�pplicablo law,such oonflict shall not aftoct other pr�vieions�of tliie Socurity Instrument or the Note
<br /> _�-� Nhich can be given eticet without the canilicting provision.To this end the provisions of thie Security Instrument end
<br /> -=1� .
<br /> tho Note aro declared to b�severablo.
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