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<br /> p�yments mny no 1nuy,eK I�re�{uitc.d, at the optian ot l.ender,if mc►ngage insurance coverage(in the amaunt and for the perlod
<br />� thu I.ender rcqui�es)pmvidtd by aa intutrr cpproved by Lendec�gAin becames availublo and is abtaiaed. Barmwer shall p�y
<br /> the prcmiumti requirr.d to mvintain rtnn�;�rr insurAnce in cifect,or to pmvide d lass reserve,unR9l thc requirc.a�ent for mortgage _
<br /> insu�xnce ends in AccordAnce wich�u�,y writitn agic�nknt L•ctwe:n Borrotver and Lender or appl�.a6!.c la�v.
<br /> g, [aspectbn, Lender�r it�agent tnty m�ke rcasonablo entries upon and inspection9 of tt�Property. Lender shdl give
<br /> Barmwer notice at the time of or prior co an i►upectia�specifying reasonnblo c�use for the inspectton.
<br /> 10. Condemnwtlon. The procads of any awa�A ur claim for dam�ges, dimt or wnsequential, ia connection with any
<br /> condemnuian or other tekin�of any put of the Property. or for conveyance in lieu of condemnatioa, are hereby assigned end
<br /> sh�ll be p�ld ta l.enckr.
<br /> In tt�event ut'A tot�l taking of thc+Propetty, che procads shall bc appltal ro the sums sxusod by this Securiry Instn►aaxnt, -
<br /> whether or not then dtix,with any oxctss p�id to Bomower. [n the eveat of a parti�l taking of th� P�opercy in which tha falr
<br /> muket value of the Ptc►pcRy�immedlue�Y b�fore the takiag is equal to or greater tban the amoustt of the sums secu�+ed by this
<br /> Security Ynstn�ment lmmniiuely before�ht taking,unlcss Bomower u�d Lender otlxrwisa egree in wridng,thc sums secured by
<br /> this Securitp [nscn►ment shal be rod►�xd by �!►e unount of�he proceeds multiplied by the foUowing fraction: (a) �hc total
<br /> amount of the sums secuned immodiud�'lxfora che nlcing, dividal by (b)the fiir mxrket value of the Property immediatcly
<br /> before the taicing. My bat�aoe sh�ll be paid to Bormw�r. In the event of a putial taking of thc Propecty in which the fair
<br /> marka v�lue of che P:op�rty immediuely before tlr.talcing is less th�n the amount of the sums sccured i�i�tely before the
<br /> taking. unkss Bomower u�d Lender othenvise�gree in writing or unl�s applicable law othclwiu pmvides, tbe procads shnll
<br /> be applild ta tlu sums secured by this 5ecurlry Insuumtnt whether or not the sums are then due.
<br /> lf the Propccty is�baadonod by Barrower.or if,after notice by Lepder to Iiorrower[hxt the oondemrwr offen to malce an
<br /> awud or settla a cl�itn fnr d�m�g�, Rorrower fails to respond to l.ender witk�?�n 30 days after the date the notice Is given.
<br /> Lender is authorixod ta oo1ler.t wd s�pply the proceeds,at its option,either to r�stanuion or repair of the Propeny or ta t6e sums
<br /> secured by this Security Ir�sm�ment,whether or aot then due.
<br /> Uthless Lender and Borrowa M?vsrwise agra in wridng, eny application of procoeds to princip�l sh�ll not extend or
<br /> postponc ct�due dace of the monthly payments►�eferrod to in paragraphs 1 and 2 or chsu�ge the amouAt of such paym�nta.
<br /> 11.Bwrower Not RdeaSed;Forbeara�By I.eader IVot a Watver.Eatensioa of the time for paymcnt or modificuion
<br /> of amortitation of tbe sucns securcd by this Security Instnimeat grantod by Leader to any successor in interest of Bomower shall
<br /> not oper�te to release the liability of the origin�l Borrower or ftomower's aucceuocs in imecesc. Lender sLaii nvi`vc iaj�u�d i�
<br /> comaKnc�e proceodings against any successor in interest or refuse to extend time for payinent or othecwise modify aawrtization
<br /> of tbe suan secured by this Socuriry insuument by reason of any demand msde by tt►e original Borrower or Bomower's
<br /> suocessors in interest. Any forbeuarx.e by Lender in exercising any right or remedy shall not be a waivcr of or preclude the
<br /> execcise of u►y rig�c or ccmedy.
<br /> �� Suoc�o� w�d Aseips Eo�nd; Jolnt and Severwl L+�bUtty; Co�eer�. The ooveauns aad agreemeats of this
<br /> Soc�rity Lutiument shall bind wd baicfic the successors and assigns of I.ender and Borrawer, subject to the proviaions of
<br /> paragraph 17. BOI[OWCt�S OOVCIWILS � 8$PCC�11I5 SI18II bC jO�Ilt �tI SZVGTBI. Aay Bomowar who w-signs chis Secudty
<br /> •� Insaument but does not execute the Nae: (a) is co•signing this Socuriry Instiumeat only to mortg�ge,graat and coavey that
<br /> ; ' Bomower's interest in the Property wider the tem�s of this Securiry Insuument;(b)is not person�Jly obligued to pay tt�sums
<br /> �u�by t�is Socurity Inatnimeat:and(c)agnes that Lender and any other Bomower m�y�gra to extead.modify, fo�bair or
<br /> m�ke any axommodations with regard to the terms of this Securlty Instrumeut or the Note without th�t Botrower's cowent.
<br /> 13.I.o�s Ch�r�es.If the loan secured by this Securiry Iasaument is subject to a law which sets mulmnm loan chuges.
<br /> . and thu law�is fin�lly intecpretod so that thc interest or o�her loaa charges collxtal or to be wlloCted in connxtion w�th the
<br /> , �wn�x�od tl�e permittt,d Liaoa�ts�then: (a)any such loan charge sh�ll be neduc.�d by the anwunt nocessary to roduce the cJ�arge
<br /> to the permitted limit:wd�b)any sums�lready collocted from Bomower which exocedod permittod limits will be nfundod to
<br /> ' go�wr�. I.tadcr m�y e,hoose to make this refund by roducing the principal owod under the Note or by m�king a dlrect
<br /> � paymeat cu Bornowrt. If a refoad reduas principal. the reducdon will be ueated as a putlal PrepaYment witlwut any
<br /> ; prepaymer+t et�arge uader the Note.
<br /> 14.Notkes.Any notice to Borrower pmvided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail uniess applicable law requires use of another method.The notice sh�(1 be dlrected to the Property Addnss
<br /> or any othet address Borrov►'er designates by noda to L.ender. Any nodcc to Lender shall be giv�n by fust clas�mail to
<br /> Leackr's adtl�+ess stated herein or any other address Lender d�signates by aotice to Borrower. Any notice providod for in this
<br /> . Secvxity Instrument shall be deenxd to have ban givcn to Bornower or Lender when given ac provided in this patagraph.
<br /> 15.Governfag I.*w; Se.werabiltty. This Sauriry Instrumcnt aha11 be govemod by federal law and the law of the
<br /> jurtsdiction in which the Propecty is locatod. In the event that any provision or clause of this Secudry Instn�ment or the Note
<br /> conflicts with applicable law,such conflict shall not affect other pmvisions af this Secudry Instrument or the Note which c,�n be
<br /> given effect without the conAicting provision.To this end the provisions of this Securiry Instrument and the Note an declaxed
<br />- , to be sGVCrable:
<br /> 16.Eora�ower'a Copy.Bomower shall be given one confonned wpy of the Note and of this Secoufty Is�uument.
<br /> Fann 9025 9/
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