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<br /> ��=�=■� paymenta may no I�nBor be rcquired, at thc optinn of l.ender,if mortgage insurance coverage(in the amount and for thc periact r�
<br />�'`±�� that Lender requires)provided by an insurer ap�rovcd by l.cndor again 6ecomes available and Is obtained. Borrowcr shall pay �-
<br /> �:.
<br /> -;'�.. the premiums reyuired to maintain niartgagc insurance in cffect,or to provide a loss reservo,until the requinraent for mortgage -�
<br /> --`""---� insurance ends in accardance tvidi aa;�written agreement br.tv�een Borrower and Lender or epplicable law.
<br /> �;,`,;,;� 9.I�upecNon. Lender or its agent may make rcasonable entries upon and inspections of the Properry. Lender shall give �'
<br />"=�� Borrower notice at thA ttme of ar prlor to an inspcccion apeclfying reasonablc cauae for the inspection. ��
<br /> 10. CondemnAtiop. Tl�e proceeda of any award or claitri for damages, dlrect or cansequentlal, In cannection with any o=
<br /> condemnation ar other takiag of any part of the Properry, or for conveyance in IIeu of condemnation, are hereby assigned aad �
<br /> ;_ ." ; shall bc paid to Lender. —
<br /> _ �;_' In the event of a totnl taking of the Property,the proceede s6n11 be applicd to the sums secured by this Securiry Inatrument, �
<br /> �a"�"�'`k whether or not then due, with any excess pald to Bonower. In the event of a partial[aking of the Property in which the fair
<br /> �,.�,�;�,
<br />:�;=��;�1�' ' market value of the Prope:rty Immediately beforc the taking is equal to or greater than the amount of the sums secured by this
<br /> _�:'`� �° 5ecuriry Instrument immedistely bafiorc the taking,unless Bot�ower and Lender otherwise agree in writing,the sums secured by
<br />_.. >:.� �,
<br />;�'�;;:i:;:{;�� this 5ecuriry Instcumeat shall bo mduced by the amotutt af the proceeds multIplied Uy the following fraction: (aD �e total _.
<br /> '`"`=��t�� amount of the sums secured immedintoly before the taklag,divided by (b) the fair market value of the Froperty im.*nediately
<br />---- ° before the taking. Any balance sh�ll be paid to Boaower. In the event of a partial talcing of the Froperty in which the falr
<br /> _u��� mazket value of tbe Ptoperty iuumdiately before thc takin�is icss thaa the amount of tLe suu�s secured iaunediatety baFore the �
<br /> - taking,unless Borrower and Lender otherwise agra in writLig or unless applicable law otderwise provides,thc pmcaeds shall
<br /> .��� be applied to the sums secured by this Security Instcument whattter or not the sums are then due. _
<br /> �-� If the Property is abandoned by Borrower,or if, after notia by Lender to Borrower that che condemnor offers to make an
<br /> �;�� award or settle a cl�im for damages, Borro�ver fails to respond to Lender within 30 days after the date the notice is given,
<br /> �- Leader is authorized to collect and apply the proceeds.at!ts option, either to restoration or repair of the Property or to tho sums
<br /> -=--•=� • secured by this Securlty Instrumtnt, whether or not then due.
<br />'°�:�� Unless Lender and Bonower athecwise agrer. in writing, aay appllcation of proceeds to princlpal shall not extead or
<br /> -=_— posipone the due date of the monthly payments refernd w in paragraphs 1 and 2 or change the amount of such payments. —
<br /> � 11.Horrowa Na Rdwsed;Forbearance By I.enda Not�Watver.Exteasion of the time for payment or mociification
<br /> -e of emortiiation of the sums secund by thIa Secur¢y Insnvment granted by Lender to any successor ia interest of Bonower shall
<br /> �_ not opera[C[o celCase the liability o�thc origiuui aunvwcr Or Su[[�wci'S biiu.c55iras iii IaZict'w-t. I.��s3:>r�a;t n.,^t w r.,�uir�t�
<br /> --_�= commence proceedings against any successor in interest or refuae to extead time for payment or otherwise modify sunortlzwtion
<br /> - of the svms securcd by this Securiry Instrument by reason of any demsnd made by the origiaal Borrower or BarnowePs
<br /> -�� ' . successors in interat. Any forbearance by Leader in exee�cising any r3ght or remcdy shell not be a waivtr of or preclude the
<br /> - exercise of wy right or remedy.
<br /> � 12. 3ucceaeois �nd Msigro Boued: Joiat and Several Ll�bllity; Co-slaners. The wvenants and agrameats of this
<br /> — . Sxnrity lnatrument shall b3nd and bcn�fit tlie successors and assigus of Lender and Borrower.subject to the pmvisions of
<br /> -=
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