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<br /> i paymcnu may no longcr bc rcquircd,at thc option of Lendcr,if mortgagc insurancc coveragc(in thc amount ond for thc period .,"}y
<br /> that Lcndcr requires)provided by nn insurcr upproved by L.cndcr again bccomcs avnilablc and is obtt�incd.Borrowcr shall pny �hc
<br /> i prcmiums rcquucd to maintain martgage insw�ance in cffect, or ta pravidc a loss rescrvc, unul �hc rcquinmcnt for mongagc . _
<br /> '�4 .• _
<br /> insurancc cnds in accordancc with tmy writtcn agrccmcnt betwcen Bocrawcr and Lendcr ar applicablc law. � �r�. ,
<br /> � �.
<br /> ,,,,� 9.Inspection. Lendcr or its agent may makc rcasonable entries upon and inspections of the Propeny. Lender shaU give • • • 'M' '-
<br /> � Bocrower notice at the time of or prior to an inspecuon specifying reasonablc cause far the inspccdan. ��, -' ��•:��`�,ti �
<br /> � 10.Condema�tbn. The procecds of any awazd or claim for damages, diroct or consequenual, in connecaon with any :�:��;�L��"�;-•4�'-
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<br /> condemnatian or other takit►g of any ptut of the Propercy.or for wnveyance in lieu o f con de m n a t i a n,a r e h ereb y assl g ned and � .,..{e�t�___
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<br /> � shall bc paid to Lcnder. a=°..:'—__`—_
<br /> { In thc cvent of a total taking of thc Pro ���r
<br /> � perty,ihe procecds shaU be applied to the sums secured by this Security Instrumcnt, ,� °��
<br /> whether or not then due,with any excess paid to Borrower.In ihe event of a partiel taking of the Property in which the fair market �f�. _
<br /> Ivalue of the Property immediate(y before the taking is equ�l to or greater than 1he amount of the sums sccured by this Securiry -•,;L-�
<br /> � Instcument innmediately beforc the taking, unless Borrower end Lender otherwisc ag�ee in writing.the sums secured by this _
<br /> . I Security Instrument shaU be reduced by the amount of the procceds muldplied by the following fracrion: (a)the total amount of -__ Y:-
<br /> ' the sums sec�ued immedi9tely be€aae ths teking,dividecl by (b) the fair market value of the Properry immediately before the _ _
<br /> � taking,Any balance shaA be paid to Borrower.In!he cvcnt of a partial taking of the Property in which the fair market value o€the '�-:��
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<br /> Propertyr immediately bcfore the tnking is lcss than the amount of the sums sesured immcdlately before the taking, unless -�.�___._
<br /> Borrower and Lender otherwise agrec in writinn8 or unless applicable law othcrwisc provides,the procecds shull be appGed to the "'�';..
<br /> �;.�_-
<br /> • snms secured by this Security Instrument whether or not the sums are tlien due. ='-
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<br /> If the Property is abandoned by Borrower, or if,after notice by Lcnder w Borrower ihat the condemnor offers to make an s •
<br /> 1�;_
<br /> award or seule a claim for damages,Bocrowcr fails t,o respond to Lcndv within 30 days after the date the notice is given,Lender
<br /> • is suthorized to collect und apply the procceds.at its option,either to restoradon or repair of the Property or to ihe sums securW �;�__�=_
<br /> • by this Soc�rity Inswmer►t,whether or not then due. `�-�"�"�"'
<br /> Unless L.endet and Borrower othcrwise agree in wripn&�Y aPPlicauon of proceeds to principal shall not extend or postpone �'_=
<br /> the due date of the monthly paymen�s cefeaed to in paregcaphs 1 and 2 or change the amaunt of such payments. _
<br /> 11,�t�r�w��Nnt Released:Forbwrance Br Lender Not A Waiver. Extension of the time for payment or modification -
<br /> of amorti7atlon of the sums socured by this Securiry Instr�ment granted by I.ender to eny successor in interest of Borrowu st�aU --
<br /> not operate to nlease the liability of ihc original Borrower or Bocrower's sucoessors in interesG Lender shall not be required to _
<br /> commence procadings ageinst eny successor in�interest or cefuse w extentl timc for payment or otherwise modify amortizadon of �
<br /> the sums socured by this Sxurity Insuument by reason of any demand made by the original Boaowu or Borrower's succe.�sors
<br /> in interes�My forbearance by I,endcr in exercising a��y rigM or rcmedy shaU not be a waiver of or prxlude the exen:ise of any
<br /> right or remedy.
<br /> 12.Successors and Aasigos Bound;Joint and Several Listbillty; Co•si�ners. 'Ilie covenants and agroemenis of this
<br /> Security Instrumcat shall bind and bcnefit the successors and assigns of L.ender and Borrower, subject w the provisions of '` ''T
<br /> paragraph 17. Horrower's covenants and agreements shall be joint and sevual. Any Borrower who co-signs this Sxurity �
<br /> Instmma►t but does not eaecute the Note: (a) is co-signing this Security Insttument only to mortgage,grant and convey that �:
<br /> Hocrower's lntuest in the Propeity under the tcims of this Security Instrument;(b)is not personally obligated to pay the s�uns �?-
<br />-• ' • secured by this Security Inswment;and (c)agrees that 1.ender and any atl�Borrowu may ap�ee to extend,modify.forbear or =:.
<br /> make any accommodations with regerd to the terms of this Security Insuument or the Note without that Borrower's consent
<br />" � 13.Loan Charges. If the loan secured by this Securiry Instrument is subjoct to a law which sets maximum loan chae�es. ��^_
<br />- , end tt►at law is finally inte,�preted so that the interest or other loan charges co l lec t e d or to b e co ll e c t e d in connecuon with the loan -
<br /> e�ccood tho permitt�ed limits.then: (a)any sach loan charge shall be reduced by Ihe amount nocessary to reduce the charge to the - _
<br /> permiaed limit;and(b)any sums already collected from Bocrower which exceeded pe�miucd limits will be refundcd to Bomowu.
<br />— I.ender may clwose to make this refund by reducing the principal owed under the Note or by making s� dirxt payment to _
<br />- ' Borrower. If a refund reduces principal. ehe reduction will be treatod as a paetial prepayment without any prcpayment charge '_
<br /> •�-
<br /> = undu the Notc.
<br />- � . � 14.Notices. Any norice w Boerower provided for in ihis Security Insuument shall be given by delivering it or by mailing it __ —
<br /> by first class mail unkss applicablc law cequires use of another meihod.'it�e notice shall be directed to the Propc�ty Address or ___
<br /> • � any other addre,cs Borrowu daignates by notice to Lender.My notice co Lender shall be given by fust class mail w Lender's �_��;;�;�.�_
<br /> address steted herein or any other address Lender destgnates by notice to Bortower. My nodce provided for in this Sacurity ?:�;�-,�,0._:
<br /> Instrumcnt st�aU bc doemcd to have becn given to Borrower or I.en�er when givcn as provided in this paragraph. =��+�'t'_
<br /> 15.Governing Lyw;Sever�tbility. 'Itiis Security Inswmcnt shall be govemcd by federal law and the law of the z�:Y::
<br /> jurisdicdon in which the Propecty is locaud. in the event tt�at any provision or clause of this Security Instr�ment or the Note �''
<br /> �,;:,:..
<br /> contlicts with epplicable law.such conflict shall no�affect othcr provisions of this Svcurity Instrument or the Note which can be ''s:t%�'
<br /> given effect without the conflicting provision.To this end the provisions of this Security Insmiment and the Note are declamd to • � .x�
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<br /> be scvcrablc. . �'•+�",�F�'t:
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<br />- Form 302! 91�0 .
<br /> - �-�R(NE)c92+21.0+ rap.sot8 �nniau: � .. ` ..c-,
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