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<br />-'.�i`,..": � . paymcnts may no longcr bc rcquircd, u�the option of Lcndcr,if mnrtgugc insuruncc covcragc(in thc anu�unt und fi�r thc period
<br />�;�•..r;•. thut l.cnder requireti)pnivided by an insurer upprovcd by I.ender uguin becamc+avuilublc+md is obtaincd. Rarrawcr shnll puy
<br />- =n�tt< the premiums reyuircxi to maintuin mortguge insurance in effect,or m pruvi�lc u lotis rescrve,until the reyuircment for mortgugc
<br /> � � insurance end.in�+ccordnncc�vith uny wriuen ngrcement hetw�cn Borrowcr un�1 l.cnder ar applicxble law.
<br />:���'�u;., •� 9, h�.cpectton. L.endcr or its agent may muke reas�mable cntrics upoii und inspcctions of thc Prc�perty. Lendcr sliull givc
<br /> ' � Borrnwer notice at the time of or priar ta un inspection specifying reasonable cause fur the inspcction.
<br />`��'�' � 10. Condemnation. The pruceeds of uny awurd c�r cluim for dumages, direct ar c�msequentiul, in rnnnection with uny
<br /> condemnati��n or other taking of any part of the Pmperty, or far canveyunce in lieu��f e�ndemnation, ure hereby assigneci und
<br /> _ � shall be paid to L.ender.
<br /> `'� In the event of a total tuking af the Property,the proceeds shull be applied ta the sumh secured by this Securiry Instrument,
<br />. �'.,:,;}�' whether ar not then due, with any excess paid to Barrower. In the event ��f a partiul tuking of the Praperty in which the fnir
<br />.:-_� '��. market value of the Property immediately before the taking is equul to or greuter than the amount of tho sums securcd by this
<br /> i<<'^�=�*r.� Security Instrument immediately before the taking,unles.r•Bormwer and l.ender othenvise ugree in writing, the sums secured by
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<br /> --��.•.,• this Security Instrument shall be reduced by the umount of the prcxeed� multiplied by the following fraction: (a) the total
<br />_�r��a�:•�� amount of the sums secured immediatel�� before thc taking, divided by (b) the fuir mnrket value of the Property immediately
<br /> x±+.��.�,�r, before the tal:ing. Any balance shall be paid to Borrower. In the event of a partial taking of the Aroperty in which the fair
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<br />.� •t: market value uf thc Properry immediutely before the tuking is Icss than thc amount of the sums secured immediately heforc t e _
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<br /> ,,+,s�,.-. taking, unless Borrower and Lender otherwise agree in writing or unless applirable law otherwise pravides,the proceeds shall
<br />�```•��;�"��� be applied ta the sums secured by this Securiry Instrument whether or not the sums are then due.
<br /> _W:�• :- If the Property is abandoned by Borrowcr,or if,aftcr notice by Lendc�to Borro�ver thnt the condemnor affers to make un
<br />:ti,�'�,�-,-E'°� awurd or settle a claim for dumages, Borrower fails to respond ta Lender within 30 days after the date the notice is given,
<br />` ': ` i.ender is authorized to collect and apply the proceeds, at its aption,either to restoration or repair of the Property or to the sums
<br /> =�'�`.� secured by this Security Instrument,whether or not then due.
<br /> 1i�' Unless L.ender and Borrower otherwise ugree in writing, any npplicution of proceeds tu principal shall nat extend or
<br />_"''``�-'` postpone the due date of the monthly payments referred to in paragraphs 1 und 2 or change the amount of such payments.
<br />--;� 11.Borrower Not Released;Forbearence By Lender Not u Waiver.Extension of the time for payment or modification
<br /> -_�� of amortization of the sums secureci by this Seeurity Instrument granteci by L,ender ta any successor in interest of Bonower shal!
<br /> � - not a�rat�t:,rcicasc th�c I1��aSllliy Oi L�7C Dflbiti�I BO^CTt:'CT OT SDSlO:ver's�ttczess�rs in in�cres!. l�nder chxlt not be recauired to
<br /> "�- commence proce�,dings against any successor in interest or refuse to extend time for payment or ottierwise modify amortizution
<br /> of the sums secured by this Security Instrumcnt by reason of uny demand made by the original Borrowsr or Borcower's
<br /> successors in interest. Any farbcarancc by Lender in exercising any right or remedy shull not be a wuiver of or preclude the
<br /> -- exercise of any right or remedy.
<br /> --� 12. Sucressors and Assigns Bound: Jaint and Severul Liabtlity; Casigners. The covenants nnd agresments of this
<br /> Security lnstrument shull bind and bene�it the successors and assigns of I.ender and Borrower, subject to the pravisions of
<br /> pxragraph 17. Borrower's covenants and agreements shull be joint and several. Any Borro�ver who co-signs this Security
<br /> Instrument but dces not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grnnt und cnnvey that
<br /> ,�,�� Bonower's interest in the Property under thc terms of this Security Instrument:(b) is not personally obligated to pay the sums
<br /> secured by this Security Instrument;and(c)agrees that L,ender and any other Borrower may usrce to extend,modify,forbear or
<br /> make any accommodations with regard to the terms of this Security[nstrument or the Note without that Borrower's consent.
<br /> 13.I.oan Charges. If the loan secured by this Security Instrument is subject to a!aw which sets mnximum loan charges,
<br /> and that law is finally interpreted su that the interest or other loan charges collected or to be collected in connection with the
<br /> -- loan exceed the permittecl limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> - to the permitted limir and(b) any sums already collected from Borrower which excceded permitted limits will be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> r -- �= payment to Borrov:er. if a r�fund reduccs principal, the redoction wiU be treated as a partial prepaymcnt without any
<br /> prepayment churge under the IYote.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instniment shull be given by delivering it or by mniling
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to L.ender. Any notice to Lender shall be given by first class mail to
<br /> = Lender's address stated herein or uny other address Lender designates by notice to Horcower. Any notice provided for in this
<br /> -- Security Instrument shall be deemed to have been given to Borrower or Lender when given u provided in this paragraph.
<br /> -= 15.Governing Law; 5everability. This Security [nstrument shall be governed by fcderal law and the law of the
<br /> -.---- jurisdictipn in which the Property is located. [n thc event that any provision or clause of this Security Instrument or the Note
<br /> ---_ _ _— conflicts with applicable law, such conflict shall not affec;t other provisions of this Security Instrument or the Note which can be
<br />_,;��K�.� given effect without the conflicting provision. Tn this end the provisions of this Security Instrument and the Note are declared
<br />-`�-w���__ to be severable.
<br /> "�''✓-�u:3�?�� 16.Borrower's Copy. Borrower shall be given one conformed copy of thc Note nnd of this Sccurity Inswment.
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