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<br /> ' � puyments muy no lon�cr be required, ut the option uf Lendcr, if'nwrtgugc in+urnncc ruvc�e(�i t��1HIfM'lffi�for thc pericxi
<br />- that Lender requirex)provided by un insurer upproved by Lender ubuin bccrnneti uvuilable imd is obtuined, Dnrrower shull pay
<br />�,. _ � thc prcmiums rcquircd to muintain mongagc insurunrc in eflcct,or to pr��vidc a loss rc�crvc,until thc requircmcnt for m��rtgu�;c
<br /> � , insw•ance ends in accordunce with any written ngreement between B��rro�vr.r und l.ender or upplicubie luw.
<br /> - 9.Inspectfon. L.cnder nr its ngent may make re�������«hle entries upon and inspcctions of'Uie Propeny. Lender,hall Five
<br /> � ��� Borrower notice at the timc of or prior to an inspection specifying reasonuble cuuse for thc inxpection.
<br /> ��"'�` ' 10. Condemnution. The procceds of uny uwurd or claim for damugcs, direct or consequcntiu�, in conncction with any
<br /> �;,,_ .. condemnution or othcr taking��f uny pan of the Pro�xrty, nr for conveyunce in lieu c�f condemnution, ure hereby ussigned and
<br /> - -- - shall be puid to Lcndcr.
<br /> ' • In thc event of a totul taking of the Propeny,the proceeds shaU be applied w the sums secured by this Security lnstrument,
<br /> whether or not thcn duc. �vith any excess ptud to Borrawer. in the event of a partial tnking of the Property in which thc fair
<br /> � '�^• �� market value of the Propeny immediately before the tuking is equal to or grcater than thc amaunt of the sums secured by this
<br /> " ""�•�. Security Instrument imn�ediately before the taking,unless Borrower und Lender otherwise agree in writing,the sums secured by
<br />' '`• y~ this Security Instrument shall be reduced by the amount of the proceefls multiplieci by the following fraction: (a) the total
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<br /> .i;�� � amount o'f the sums secured immediutcly before the taking, divided by (b) the fair market value of the Property immediutely
<br />-°• ��'��� ' before the taking, Any balance shnll be puid to Borrower. In the event of a partial taking of the Property in which the fair
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<br /> ,.,.: ,�j,., market value of the Property immediatcly before the tuking is less than the amount of thc sums secured immediately befarc t e
<br /> � :�:�-�.�. taking,unlesx Borrower and Lender otherwise agree in writing ur unless applic..yle 'zw othc wise prc•id�e, the prueeeds shttU —
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<br /> �,,;f,�,�., . be applied to the sums secured by this Securiry lnstrument whether or not the sums ure then duc.
<br />_ � � *••�• lf'the Property is abundoned by Borrower,or if,after natice by Lender to Borrower that the condemnor offers to make an
<br />"�.'❖,-y;.�•'�' ' award or setde a claim for dumages, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> '��w•"���` Lender is authorized to collect und apply the proceeds,ut its option, either to resturation or repair of the Property or to the sums
<br /> '���� � secured by this Security Instrument, whether or not then due.
<br /> g"��'��-•• " Unless Lender and Borrower otherwise agree in writing, uny application of pracceds to principal shall not extend or
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<br />'° �� postpone the duc date of the monthly payments refened to in paragraphs 1 and 2 or changc the amount of such payments.
<br /> �`�-' 11. Borrower Not Released;Forbearance By Lender Not a Waiver. Extansion of the time for payment or modification
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<br />��t;��,: ; of amortizution of the sums secured by this Security Instrument granted by Lcnder to any successor in interest of Borrower shall
<br />—,.;�-;_�,-'R,�;��: not operate ro release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br />��---�����. commence proceedings agains[any succe�s��r in i�dC�c�i vi rafUS�ta�xt�r�timc for gaymcr.t ar othe:�:�isa ntodif;amcrt':z^.Tion
<br /> — y of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Bonower's
<br />�?'!"��',� successors in interest. Any forbearance by Lender in exercising uny right or remedy shall not be a waiver of or preclude the
<br /> -- —= exercise of any right or remedy.
<br />_�,,,�,;,� 12. Successors and Assigns Bound; Joint and Several Liabtlity; Co-signers.The covenants and agreements of this
<br />-�°� Security Instrument shall bind and benefit the successors and assigns of Lender and Bottower, subject to the provisions of
<br /> --- paragraph 17. Borrower's covenants and agreements shall be joint and severul. Any Borrower who co-signs this 5ecurity
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> Borrower's interest in the Propeny under the terms of this Security Instrument; (b) is not personully obligated to pay tlie sums
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