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<br /> paymenu may no longer be requind,at the option of Lender, if mortgage insutu�ce covenge(ia e amounc and for e period ,
<br /> that Lender requires)providcd by�n �nsurer approved by I.�nder a�ain becomes available and is abtaineai. Botrower shall pay
<br /> , � the premiums rec�uired to maintain mortgaga insurana in efiect,or to provide a loss reservo,until the requircment for mottgage
<br /> �+� iasurana ends in eccorMnce wlth aay written egreement betwGea Borrower aad I.Gnder or appltcable law.
<br /> 9. Wpecdop. Lender or iu ageat may makc reasonable enMa upon and Inspxtiom of the Property. Lender shall give
<br /> Boaower notice nt the ttme of or pdor to an inspcetion apecifyiag rezwAable cause for tAs inspetcion.
<br /> 10. Coademaatlon•'I'he Pmceed�of any award or claim for dam�ga. direct or consequ�ndal, ia conneccion with aay
<br /> � ooadsaanatIon or other taking of any part of the Properry,or for conveyance in lieu of condemnation, are hereby assignM aad
<br /> shali ba p�id to l,eader. -�
<br /> "'' � In the event of a total t�ldng of the Property.the proc�ads ahall be applied to the sum�secural by thts Sceuriry Instrumeat. �,�`'
<br /> wdether or not thea due. with any exass paid to Borrrower. In the event of a partial taking of the Property i�uu which the feir �._;
<br /> market value of the Pcopaty immediazely before the taking is equal to or greoter then the anaount of the sums secured by this _
<br /> gr
<br /> Security Iastcumeat immediuely before the taking,ualess Borrower smd Lender othervvlse�gra in writtng.the aurns aecurcd by =
<br /> �s ��uity Insuumenc ah�ll be reduad by [he amount of t�e pmoeeds muldplIed by the foAowing fr�ctioa: (a) the toul
<br /> amount of the aums secund iuunedistelY before the taking, dlvided by ib)the fair maskee value of ths Pro�whi��r L
<br /> before the taking. Aay b�lance ad�ll be paid to Borrower. In the event of a putial takinB of the Pr°P�rt}'
<br /> market value of the Property immediuely before the[aking ts las than the anwunt of tbe sums secured immed�uely before the _
<br /> �:
<br /> taYing�unless Borrower aad Lender othecwise agree in wctting or nnless applicable law othenvlse provides,the procads sha11 _.
<br /> f be applied to the aums aocured by t6is Security Instrumeat whether or not the sums are then due.
<br />- If the Pronerty is abwdoned bY Borrow'er.or if,afcer nottce by Lender to Borrower that the condemnor offers w m�lce�n �
<br /> ' awud or settle a claira for dam�ges. Borrower fails co respond to Lender wlthin 30 d�ya after the dase tbe notice Is Biven►
<br /> ` 1 Lender ia authorized eo collect and agply the pmcads,at its ogeion,eIther to nstoradon or repalr of the Property or to the sums
<br /> - aecund by thia Securlty Insuument.whether or not thea due.
<br /> Ualess L�ender and Borrower othenvise agra la wrttiag, anY aPPllcation of proo�eds to princip�l ahsll not eaund or
<br /> postpone the due date of the monthly payments refernd to in par�graphs 1 aad 2 or chan8e the amount of auch paymeats.
<br /> �� � �3.. 11.Bosoqa l�lot itda.�e3i rorbearsoce By;.c.-.�2:��::r�:.':.P.�sfQa of�t t4�fos payment or modific�ttioa
<br /> � of amoitization of the sums secund by thla Sxuriry lnstrument granted by i.ender to aay suc�cesser ia laterest of Bormwer sh�ll
<br /> '�;'.�� ���'' �� not operate to nlease the liability of the original Bormwer or Borrower'a successora in intenst. 1�ender shaU noc be required to
<br />='"�''�'� '�, �� �oma�nce pmcadings against any successor in intetest or refuse to extend time for payment or othezwlse wodify�mortization
<br />'^��.�y'•�� of the sums secured by this Security lasaument by reason of any demand made by the orlginal Borrower or Borrower's
<br /> '=;,';''. i.' auccessors in intenst. Any forbearazice by Lender in exercising any right or c�emedy ahall aot be a waiver of or preclude the
<br />�=..r':-a••.::.� eurc�se uf any dght or remedy.
<br />�=i^::`�.. �� 12. Sncoeasors aud Assi$ns Bowldi Jo1nt and Severai l..iabWtyi �5��. T6e Covruyuie rL�d agc'�.�.-�.^riis of thfs _
<br />-�-�'- .p; Secudty Inauument ah�ll bind and benefit the suocessors and asslgns of Lendar and Bori+nwer. subJect to the provia[ons of
<br />�:-Ta;»• _f
<br />:.�` �� � Pu'+SnPh 17. Borrower's cflvenaats and agreemeau ah�ll be jaint and several. Any Borrower who co-signs this Sxurlry
<br />'-���=�`__.--� Instrumeat but does not execute the Note: (a) ia cast�ng thfs Socurity Instn�meat only to mortgage. gcant and convey that
<br /> �"� Bormwer'a inkrest in the Pmpeity under the terms of tbis Saurity Instrumenr. (b)is not PersoneUy obligated to pay the aums
<br />_-=�Y�� � aecured by this^aecurlty Insavment.and(c)a8c+xs that Leader and any other Borrower may ag�+a to extend.mod[fY,forbear os
<br /> m�lce any socoanmaledons with ngud to t�e texaos of thls Security Insnvment or the Note wIthout that Borrower's consent•
<br /> ==m�`—� . 13.Lo�n Chsr6n.If the loan sccurad by this Sswrity Insaumenc is subjax to a l�w which seta msximum loan charges,
<br /> �'-=� and thst law is 8nally intec�nted so thac the interest ur other loan charges collectod or to be oollected ia connection with the
<br /> `-=��-'�� loan exoeod the pera�itted limiu.then:(a) any such loaa chazge shaU be reducod by the�mount nec�sserY to roduce the chuge
<br /> _,,,,.�R�;,� to the perm�itted llmit;and(b)aaY sums already�°lleaed fT'°m B°n°wer which exceedcd permittod limits will be nfunded to
<br /> ---�''� Borrower. I�cler may choose to make thia refund by roducing the princtp�l owod under the Note or by maldng a direct
<br /> ,��::��_'"� a t without any
<br /> -"-_____ payment to Bomower. If a nfund ceduces principal, the nducdon will be treated u a pardal prep Ymen
<br /> _��,� prepayment chuge uader the Note.
<br /> - �=.�.,a7 14.Notic�+.Any nodce to Borrower provided for in this Securiry Instrument shall be 81vea by deliveting it or by mailing
<br /> _�:.��;;;�?,. It by Srst clau mail unless applicable law requires use of another method.'IUe nodce shall be dirxted to the Pro�rty Address
<br /> --;�;��i;<:_ or any otha addc�ess Borrower destgutes by notice to I.ender. I�y notia to Lender ahaU be given by first class mail to
<br />�;�;1:_^:���.:: Lender's address statod henin or any other address Lender designates by nodce co Bacrower. Any notice pmvided for in this
<br /> � • � Sec�uity Insm�ment a6�11 be damod to have been given to Borrower or Lender wheu given as prnvided in thL�par�graph.
<br />—_ , - , I5.Gorerning I.aw; Se►aabUitS'. This Socuriry Insaumeut shall be governed by federal law and the law of the
<br /> _ jurIsdiction in which the Property is locaud. In the event that any provision or clause of this Securiry Insuument or the Note
<br /> - - conflicts with appllpble law.snch conflict sha11 not affect other provisions of this Securiry Insttument or the Nou which pn be
<br /> given effect without the coaflicdng pmvisioa.To this end the provisions of this Security Inatcument and d►a Note are decl� _
<br /> to be severable. —
<br /> � 16.Bo�mxer's Copy.Borrower shall be gfven one conformed oopy of ths Note and of this Security Insuvment• —
<br /> � Fortn 3020 9 —
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