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<br /> Ipaymen4s may no longcr bc rcyuirccl,ut thc ap�ion of Lc�idcr,If man�ugc insurur�cc coverage(in thc amount and far the period –
<br /> 1 ihat Lcndcr rcquires)provided by un inyurc�r uppravrJtl hy l..cnckr wgain bccama9 avail�ble and is abtained.Borrower shall pay the . ��-
<br /> � premiums required to rnnintain mortp,age invurtutce in effact,nr to p�ovldc a loss reserve, unti]the requirement for mortgngc I �•--
<br /> � insurance ends in accardnnce with any wntten iign:cment Ix;tw��n F3ortuwer und Lende,or applicaUle law. � � :
<br /> 9.InapecNon. L.cndcr or its agcnt may make rc.t►scmable c»tries upon and inspections of the Property.Lcndcr shall givc .� �' __
<br /> • ""`� aorrower noticc at�he pme af or priar w nn inspccUan s{xxifying rcasonable cause for the inspection � r� � •• ' '
<br /> 10.Condemnatbn. The proceeds aP any awtvd ar clsiim far damages,direct or consequenpal, in cannecuon with eny � -���:f
<br /> condemnauon or o�her taking of ony part of the Propcny,ar for conveyence in lieu of condemnation, are hereby assigned and � _ �R`
<br /> ,'��
<br /> shall bc paid to L,endcr. . ;;�"
<br /> In thc cvent of a wtal tnking of the Propcny, thc pruccetls shall Uc applicd to Ihe sums secused by this Securiry Instrument, � ,;�r:�.�,_!='-
<br /> whethcr or not then dua,with any excess patd ta Horrower.In Ihc evcnt of a partial taking of the Property in which the fair market j� ~:;:�=..:___
<br /> value of ihe Property immediately beforo tha taking is equal to or grcuter than the amount of the sums secured by ihis Security Q , ;�;-••
<br /> . , ..
<br /> �� �• • Inswment immcdia�ely beforc thc taking, unless Barrowcr and i.endcr othenvise agrcc in wridng, the sums sccurcd by this
<br /> �� Security Instrument shall be rcduccd by tha amount af the praccecis muluplied by Ihe foUowing fracuon: (a)the total amount of ��'
<br /> �� ' the sums sccurcd immcdiatety bcforc thc taking, dividcd by (�) thc Cair market valuc of thc Property immediately befare thc `�� �
<br /> ,�r.,.
<br /> :.Y��•:-
<br /> taking.My balance shnll be paid ta Barrower.In the event of a partial udcing of the Property in which[he fair murket value af the M'
<br /> Propeny immediately beforc thc taking is less than thc amount of tho sums sccured immediately before the taking, unless ,���
<br /> Borrowcr and Lendcr otherwisc agrcc in writing or unlax�Applicablo law othcnvise provides,the proceeds shaU be applied to the i-4
<br /> ;:., ,, sums secured by this Sccurity Inswment whether or not the sums azo than duc. _
<br /> _ If thc Property is abandoned by Borrowcr,or if, a(tcr nopcc by Lc:ndcr to Sorrower that the condemnor offers to make an �.'
<br /> , � award or sculc a c�im for damagas,Borrowcr fnlls t� resp�nd to Lcndcr wilhin 30 days aftcr the date the nodce is given,Lender ?�''��-•,_
<br /> Ml.j..
<br /> is suthorized to collcct and apply thc procccds,ut its option,clihcr w restoration ar repair of the Propercy or to the sums secured •�'•��'-
<br /> � � � . by this 5ecurity Insuument,whcther or not Ihen due. .:�":`'�`
<br /> Unlcss Lcnder end IIorrower othcrwisc agrcc in wridng,any npplicAtion af procceds to principal shall not extend or postpone '�',:;;'`•`�
<br /> the due date of the monthly paymcnts refccrcd w in parugrephs 1 and 2 or changc thc amount of such payments. --
<br /> . I1.Borrower Not Released;Forfse�rAnCe By Lend�er Not A Woiver. Extension of thc time for payment ar modific.ation -
<br /> of amortization of�he sums secured by this Securiry Inswment granted by L.cndcr to any succcssor in interest of Borrower shall ,.-.
<br /> •• not operate tn relcase thc liability of thc ortginal Horrowcr or Borrower's succcssors in intcresG Lendc�shau not be requtred to �;r�;�=
<br /> ,,,:.;;.,
<br /> ' . commcnce proceedings against any succcssor in intcrest or rcfusc w cxtend time Cor paymcnt or othcrwise modify aunordzzdon of ...i,;v
<br /> ;. . •• the sums secured by this Sccurity Instrumcnt by rcuson of any dcmand madc by thc orlginal Borrowcr or Borrower's successors �`'--
<br />- , in interes�Any forbearancc by I.endcr in cacrcising any right or remcdy shall not bo a waivcr of or prcclude the exercise of any '
<br /> . � , right or remedy. `'
<br /> 12.Successoreand Assigns Bound;Joint And SeverAl Li�bility; Co•aiRners. 'It�c covenants and agreements of this
<br />�• Security Instnunent snall bind and beneCt the successors and nssigns of Lender and Borrower, subject to the provisioas of %v
<br /> ���I paragraph 17. Borrower's covenants and agreements shall be joint end several. Any BoROwer who co-signs this Security —
<br /> Instr�ment but does nat execuu: the Note: (a) is co-signing ihis Sxurity Inswmcnt only to mongage, grant and convey ihat "'�
<br /> Borrower's intcrest in the Property under thc tcrms of this Sccurity inswmcnt; (b)is not personelly obligatcd to pay the sums
<br /> ;.,.-_
<br /> _ ' sccuccd by this Scx�uity Instrument;and(c)agrces Ihat Lcndcr end any other Borrowcr may agrcc to extcnd,modi[y,forbear or .i,.};�•=-
<br /> - � make any accommodations with regard to the terms of this Security Instrument a the N�te without that Borrower's consenG '��;':;_-
<br /> . 13.Loan Charges. If tho loan socured by this Security Insuument is subjcxt to a law which sets maximum loan charges, �` "�=
<br /> � and that law is fin�ly intcrpreud so that the intemst or other loen charges collxted or to bc collceted in cqnnecbon with lhe loan �'�'''�
<br /> � exceed tl�e permiited limits,then:(a)any such loan charge shall be reduced by the emount nocessery to reduce the charge to the --
<br /> � peimitted limit;end(b)any sums already coAectcd From Borrower which cacee�ed permittcd limits will be refunded to Borrower. "���'.;
<br /> ' •° � . Lender muy choose to make this refund by reducing the principal owed under the Note or by making a direct payment to � �`r�'�;
<br /> � Borrower. If a refund reduces principal,t�e reducdon will be treated as a partisil prepuyment without eny prepayment charge
<br />-__ �:; +�•- ' under the Natc. ,��;°}�-
<br /> ..,.j�.. . r.:..�,�__
<br />. • - 14.NoNces. My norice to Borrowcr provided for in this Sccurity Instrumcnt shNl bc givcn by dclivcring it or by mailing it •.�:;_w-
<br /> - ` by fust class mail unless applicable law requires use of another method.'Ihe notico shnll be directed to the Property Address or " ��' ---
<br /> � .�,:, :,, any other address Borrower dcsignatcs by notice to Lender. Any noticc w Lcndcr shull bo givcn by first cless mail to Lender s �� �``��
<br /> . r h , ���:;;;._
<br /> - ' address stated herein or any other address L.ender designates by notice to Borrower. Any nodce provided for in ihis Security � � ��"•�,:•�.�`�°'
<br /> ar11GC.���.�'_
<br /> lnstrument shall bedeemed to havc bccn givcn to Borrowcr or Lcndcr whcn givcn uv providcd in lhis�aragrnph. '� " �:��'''"'°°`�'"i=
<br /> 15.GoverningLaw;Sevcrability. This Security Instrumcnt shall lx: govcmca by fcdcrel law and thc law of thc • ��.��>;,,"z ,,7:`;�'-
<br />. ' jurisdicdon in which the Properry is located. In the event that any provision or claux o!this Sa:urity Inswment or the Note � �` '��. ,,,�;:����s��-
<br /> �'���<�'•�'' •� s�s+• -.
<br /> conllicts with a licable law,such conflict shell not affect other rovisions of Ihis Securit Insvument or the Note which can be �• � ' °°��+"��'�
<br /> PP P Y �:�,_., !�:"'�;:
<br />- given effect without the wnflicdng provision.To this end the provisiorzs oF this Security Instrument und the Note nre declarecl to • '•"��'' �'�'���
<br /> be severable. � � . .°c:�';
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