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<br /> " '''��. �' at the option of Lender. if moetgage ir�surance coverage (in�the amount and for the period tAat LenBer requires� <��;.�:_-;:
<br /> � :„ ' . pr�vided by att insuter approve�by l.eader again be�omes evailable and is obtained.Borrowet shall pay the premiums �- �
<br /> � s e qu;ted Zo tnaintain moregage insurance in efifect.os ta provide e toss reserve.untii the tequirement for mortgdge �
<br /> � insurance ends in accordance with aay Nritten sgreement betwe�n Borrower a n d L e n der or app fi c a b l e t a r. �``:�
<br /> .-°��::-1;�i' �, 9,laspeccian.l.ender or its agent may make reasonable entries upon astd inspectioms of the Property.Lender shall �
<br /> __ ___ _ �v�Dorrower notice at che time ot ur prior to an inspection specifging r�sonable cause for the inspxdon. � _
<br /> �� �Y 10.Condemaation.The prnceed.4 of any award or cfaim for damages.direct or cas�quential.in oos►nectioa with `
<br /> , ��� any condemnation or other taging of any part oi the Property.or for conveyance in lieu of condemnation.are heceby
<br /> • . . assignrd and ahat!be paid to Lender. �..``-
<br /> ` '�`� � I n t he even t o f a t o t a l t a k i n g o t t h e P r o p e t t y.t h e p r u c e e d s s h a l l b e a p p l i e d t o t h e s u m s secured b y.this Security ��'=-r��
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<br /> ' � � instrument.whetAer or not then due.with any escess paid to Bortower.In the event of a partial taking of the Property in �
<br /> cvhicli the fair market value of the Pmpercy immediately before the talcing is equal to or greater ahaa the amount oi the _
<br /> _ -- - - - sums secured by this Security Insttutnent immediately be4ore the taking,unless Bormwer as►d I.euder oEhernrise egree �_�,
<br /> �,��,'.-� � . . '., in writing,the sums secured by thia S�urity lnstrument shall be reduced by the amount o4 the peoceeds multiplie�by -
<br /> - . " the following fractio�(a)the wtal amount oi the sums secured imreiediately bePore the taking,divided by(6)the fair !-_
<br /> • � - matket value of the Property immediately betore the talang.Any balance sl�alt be paid to Borrorrer.In the event of a r..
<br /> .^�� �::�.. �r..:�.'�� • partial tatciag o4 the Property in which the fair market value ot the Praperty immediately beture the taking is Iess than _
<br /> the amount of the sums secuted immediately before the taking�llJl��B017'ONCC 2tld LCi1�eT OtI1CfHiSC 8gCCC 1D Nfitltig
<br /> ` "��'.��,�:' or unless applicable law nthernrise provide.s, the proceed.s shall Ue applied to the sums se�ured by this Security ,-
<br /> � ,: tnstrument cvhether ar not the sums are then due. �
<br /> .� �� ��:,� ' If the Property is a6andosted by Borcowec,or'st.after notice by Lender to Borroaer that the oondemnor offers to -
<br /> - " '° '"`�"`' � fiake an award or settte a ctaim for damages,Borcower fails to tesPpnd to Lendet within 30 days after the date the
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<br /> � ��,.'� ' �;L,�;� . notice is given,Lertder is suthorized to collect and apply the proce�ds,at i�ogtion.eitlser to restotation or reQair of the _
<br /> ,'�'�•�,.: Property or w the sums sec�sred by this Security Instroment,whether or not thea due. _
<br /> " '� � • Uniesn Lender and Borrower athetwise agree in writing.any applicarion of pmceeds to grincipal shall not eatend or
<br /> _ -.,�, • postpone the due date o�the manthly paYments referred to in P�B�Phs 1 aad 2 or chanl�e the amount of sucb --
<br /> . �._.'.,.�.�.'�`' paymenta . . . .
<br /> � , �.���,: ' il. 8onower Not Released;Fotbearaace By i.ender Not a Naiver.Eateti.sian of ttle dme for paqment.or
<br /> modification of amortizatian af the sums secured by tiva Security tnstrument graated by Lender to eny succe�or in
<br /> �,���: �'' t''" interest of Borrower shaU not opetaLa to reteaae the liability oP the origiaal Bq�ri�awer c►r Bbmnwer's successors in -
<br /> ..,•:�,=: intetes�Lendet sha11 not be required to commence praceeding�against any saccessor in iaterest�or refuse to estend
<br /> � � ` time 4or payment or otherwise madify amartization of the aums sprcured bp thia Security Iastrument by reason of any
<br /> ' �.:'.r��' demand made by the oriAnal Borrower ar Borsawer's successors in interest.Any forbearance by��ender in esetcisiag ----
<br /> :. . �.,; �� . �..,•:�. � any sight or remedy shall not be a waiver o4 or preclude the eaercise of any right or remody. - -_
<br /> _. IZ.Saccessora aad AssIgns Bound;Joint and Severfil Liabilitq;Co-signere•'ftie covenants a:td agreements
<br /> � � � ;:."� of this Secutity Instrument shaU bind and benefit the successoss an d assigns o f I.e n d e r a n d H o r r ower,ssib�c t to the
<br /> ;:., � '. . .`�.;�: provisions of paragraph 17.Bosrae►er's covenants and agreements sha11 be jo�at aad saveral.Any$orrowec wt►o co-siga's
<br /> = " this Security lt�stniment but does not eserute tha Note: (a)is co-sigaing this Security Instnjrnent only to mortgage.
<br /> � � ' grent and convey that Borrower's intecest in the Progerty under tha tetms of this SECUrity lnstrumeat; f b) is not
<br /> ,'� personally obligated to pay tha sums secused by this Security Instrument;end (c)agcee.s that Lender and auy other
<br /> ' . ' . �.'� Bonower may agree to estend,modi4y.forUear or make any axommadations with regard to the�erms of this Security ___
<br /> � •�`:.�� Instn�ment or the Note without that Barrowet's cot�sent.
<br /> � �� ���<� � � � 13: l.oan Chatgea.If the loan secured by this Security lnstrument is subject to a law which sets maximum toaa
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<br /> ' . ���.�.;: charge�. and thai law ia finally interpreted so that the interPSt or othec losn charges collected or to be colfeate�ia �
<br /> �� connection with the toan esceed the permitted limita,then:(a�anY such toan chasga shall be reduced by the amour�t
<br /> . r"., � • ' : nece�sary to reduce the charge w the permitted litriit; and (b) any'sums alc�ady wllected itom Borrower which
<br /> �`.� s.��`';�, esceeded permitted limits will be reYunded to Horrower. Lender may choose to make this tefund by sedttcittg 4he
<br /> � ' � . ' principa]owed undet the Note or by making a direct payment to Sorrower.If a rePund reduces principal.tha reducticm
<br /> � • �� ' wilt be treated es a partial prepayment without aay prepayment charge under the Note.
<br /> i:�`� ,� • ' �_,;� � 14.Ndtices.Any notice to Borrower pmvided for in this Secusity Instrumentshall be g'iven by detivering it or by _
<br /> • mailing it by first class mail unless applical�le law requires use of another method Tha notice shaU be directed to the
<br /> � Praperty Addtess or any other addtess Borcower designates by notice to Leitdet.Any noiice to Lender ehall be given by . __
<br /> � '��' � ' �� +��;: first class mail to Lender's address stated herein ot any other addr�s Lendet de�sfgnates by notice w Horrower.Any _
<br /> '��'''%� notice provided for in this Security Instrument shall t�e deemed to have t�en given w Botrower or Lender when given _ _
<br /> � as provi8ed in this pasagraph. °-
<br /> � � ' ' t5. Governing l.aw:5everabitity.Thia Security lnstrument shall be governed by federal law and the law of the � _
<br />— � • �° 't • jurisdiction in which the Propetty is located.ln the event that any provision or clause o4 this Security In�trument or tha =_ _
<br /> � G �� ''� ` Note conflicts with applicable taw,auch wnflict sl►ail not affect other provisions o4 thia Security lnstrument o*•ha Note ,�__
<br /> ' which can ba given effect without the oonfiicting provision.To this end tlia provisions of this Security Insttument and 'r'_�-
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<br /> .. � . ''�`�:.; - the Note are declared to be severabta. . E- ..
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