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<br /> pay�v;qr.g may no longu be rcquiccd.at thc opaon of L,cnder. if mongegc Insurancc covcrage(in th97ouniin-d TaiUl�'p�riod ' ' .`.
<br /> . thflt U..nd�.r rcqulres)providcd by an insu�er epprovcd by Lcndcr again bocomes avatlable and is obtainsd.B�rraw�r shall pay�ho „ '{-%;� :,
<br /> ' + pr�ni��;n5 reyuir:;cl to main�ain mortgage Insurancc in cffect, ot to provide a loss reserve, until the rcyidremcnt for mortRaqe �
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<br /> inauxw�r,r,eadg in accordance with any written agroement between Borrower and L.ender or applictible law. , ��:►,x'''�_
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<br /> ' 9.NRSplClIOA. I.ender or its agcnt may makc rcasonabic cntrics upon and inspccdans of thc Property. L.cndcr shull give � ; •r -�,.,�,:�
<br /> :�,;,,,�r- Apc�pvrcr nodcc at thc timc of or pdor w en inspccdon spcclfying rcasonablc cause for thc inspocdon. SF,�����::_
<br /> . . '. �.a iQ,Co�ademnatbn. Ttte procecds of any award or claim for damages, d'ucct or consequendal, in connectian with any ������,r,,.��
<br /> � cAn�ttir�atrion or other taking of any part of thc Properry,ar for canvcyancc in licu of condcmnation,are hcrcby assigncd vnd .,';k����'"
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<br /> In the Gvent of a tatal taking of the Property,the proceeds shall be epplied to the sums secursd by this Security Instrument, �`��".a:.
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<br /> wh��hu or not then due,with ony cacess paid to Horrowcr.In thc cvcnt of a partial taking of the Properry In which the fair market -- __
<br /> � ' val.tir af the Property immediately before the taking is equal to or greater than the amo�nt of the sums sccured by this Sa;urity � '�''�
<br /> ' Insuument immodiately beforc the taking. unlcss Borrower and Lcnder otherwisc agrec in writtng,the sums securcd by Uus '' r--
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<br /> 5c,r.urity Instrument shall be reduccd by�he amount of thc procccds multiplied by the following fracdon:(a)the total amount of .�-
<br /> ' tha sums secured immedistcly bcfore�he taking,divided by (b) the fair market value of thc Property immediuely beFore the ''"�
<br /> ' tal.�ing.Any baktnce shall be paid to Boaowcr.In the event of a partial taking of U�e Property In which tha fair mui:ct valuc of tAe �- -
<br /> Propc�ty immaiiately before thc taking is less then the amount of the sums secured immediately befarc thc taking,unless "'��—
<br /> �� $orrower and Lendcr otherwisc agree in w�iung or unless applicable la�v otherwisc provldes,the procceds shall be applied to tAe ;y; . ,
<br /> �'����'��: sums secured by this Securiry Instrument whether or not the sums are then due. '_�-` "`��'
<br /> � lf the Property is abandoned by Borrower,or if,after nodce by Lender to Borrowor that the condemnor offers to make an
<br /> �'' �` award or sculc a claim for damnges.Boaowcr fails to respond W Lcndcr within 30 cit�ys after the datc the notice is given,Lender � =�__..
<br />- � � � ic anthorized w wlle�t and apply the procecds,at its opdon.either to restoraaon or repair of the Property or to the sums secured � � �
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<br /> r•�''' by thls Security Instrument,whether or not then due. ?•--.
<br /> , � Unless L.encler and Bo�rowcr otherwise agree In writin8��Y aPF��n�n of procceds to principal shall not cxtcnd or postpane . a`-"�
<br /> � the due date of the monthly�ayments re fe r r e d w in paragrap hs 1 an d 2 or c hange t h o a m o u n t o f s u c h p a yments. '=-
<br /> . � 11.Borrower Not ltelr��;ForbwrAnce By l.ender Not o WAlver. Bxtension of►he time for payment or modificaUon �'�_-_
<br /> - - --- ai amortization of the sums sec�ieu by ii�i�,Sci;�Ity Ins�ut;tetti gr"atticd�y Lc.^.3.:u asy oi3CCC�Of ii!1!liCLC°S 4P H4li^`.YC!�� '�:
<br /> � � not ope,rate to relcasc the liability of the or+ginal Borrowtr or Botrowes's successors in interesG Lcnder ahaU not be required to �-_'
<br /> - �� wmmonce procecdings aaEtteinst any successor in interest or refuse to eatend time for payment or otherwlsa modify amortlzauon of
<br /> � ''�`',� lhe sums secured by this Security Instrument by reason of any demand mnde by the original Borrawer or Borrower's successors
<br />_ � in interrs�My forbearance by Lender in exercising eny right or remedy shaU not be a waiver of or precluda the eaercise of any
<br /> ,. dght or remcdy.
<br />�;; f2.Su��;w+sors�t:tid Ass:g�Baund;�oEat sed Severnl i.lnb+litp; ('o-Figners. Thn covenants and aRrecmonts of this -�
<br />�;' . Securiry Inatrument shall bind and benefit the successors and assigns of Lender and Borrower. subjoct to the provisions of
<br />=��� paragraph 17. Horrower's covenants and agreements shell be jaint and several. Any Borrawer who co-slgns this Security
<br />:;:`' Inswment but does not eaccuu the Note:(a) is co-signing this Security Instrument only to mortgage,grant and comey that
<br />"',` Borrowu's interest in the Pro�erry under thc tums of this Socurity Inswment;(b) is not personally obligated to pay the sums
<br />�;�:;,•;,_;;: °�. seciued by thls Securlry Instrument;and(c)agrees that Lendu and any other So�rower may agree to extend,modify,forbear or
<br />=�,., ., .,„t., r� make any accommodadons with regacd to the terms of this Secudry Instrument or the Note without that Bocrower s consent
<br /> �:..�����:• ..�� � ;, 13.Lown Charges. If thts loan socured by this Securlty Instrument is subject w a law which sets maacimum loan charges,
<br />�;�',`;.:I,".;':,.,�' ' and that law is Cmelly lntecpretcil so thet the intr,rcst or other loan charges collested or to be collected in connecaon with the loan
<br />�:'=: •� �"� cxcced the permtued Wnits, then:(a)any such loan charge shall be rcduccd by thc amonnt neccssary to rcduco tho cherge to Ihe
<br /> = � permitted Wnit;and(b)any sums already collected from Borrower which exceeded permlued limits will be refundad w Borrower.
<br /> ' �' Lendu may choose to make t�ds reiund by mducing the principel owcd undx the Note or by making u direct payment to —
<br /> =;el� •�� � Bocrower. If a refund reduces principal. the reducdon will be trcated as e partial prepayment without eny prepayment charge _
<br />� � under the Note. _
<br /> "'" "� 14.Notices. My nodce to Borrower provided for in this Securiry Instrument shall be given by dalivering it or by mailing it
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<br /> ;�,. .. . by first clats rnail unless applicablc law requires use of another method.'Ihc nodcc shall be dirocted to the Property Address or -
<br /> - ° eny othcr address Borrower dcslgnates by noticc to Lcndcr. My nodce to Lendcr shall be given by C�rst class mail to I.ender's
<br /> "'' '!',�,;�; eddress stated herein or any other address Lender designates by notice to Borrower. My notice provided for in this Security =_
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<br /> • t'��.; Insaument shall ba doemcd to have bocn fiivcn to Borrowcr or Lcnder when gtven as provided in this paragraph. —
<br /> `; 1S.Governieg Lww;Severabtlity. 'Il�is Securiry Instrument shall be govemcd by fcdcral law and tha law of the -.
<br /> jurisdicdon in which the Property is located. In the event thnt any provision or clause of this Security Insnumcsnt or the Note =-___
<br /> ' ' conflicts with applicable law,such conflict shall not nffect other pmvisions of this Security Instrument or the NoLe which can be �-_��_
<br /> ��'�:�" given effect without the conflicting provision.To this end the provisions of this Securiry Instrument and 1he Note are declared to . ..�;:_..___
<br /> � . be severabla '+Y�-',.
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