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■�� l :`" 'S•1'��:' .<'f�i+I�f -__.. . _. �- ._...�_:-- - ----- ...� �.. . ,. . — ��---.-.—-.— __-'--__----. .. .:. � .�... .�:n.'•' ._";}y4?.:;'._...,� _._..._.___. .. w• —=— __ � ,� [�j � p�yrtKnte nwy�a longer Ix rcquirod,at 1hc aption af l.rixicr.If nwngagc fnsuru�xa cvvcragc tin thc anxwntiniT�`r�od th�t Lcndcr reyuires)provldod by wn insurer approvod by Lcr�der aguln becomes xvailable nnd is ubtainCd. Hanower shAll pay the prcmlwnx r�quired to maintain nwrtgAge insurance In effect,ur to provide a lass reserve. until the roquiremtnt far morig�ge in.rurmce ertds in accoM�nce with any wrltten ngroement betwan Elorrower�ud I..ender or applic�ble lsw. 4�.In�pesl(on, I.�mi�r or its ii�ent mAy mxkc rea�ruihle entrfcs upan and inspcctlons of thc Propcny. Lcncler shail give Barrower notioe Rt the time of or prior to an inspocdon spocifying tcasonxble cause for the inspectlun. 10.Condemn�tion.The procads af sny award or claim for danwges. dirxt or consequential. in cannectian with any condemnatian ar other taking of any part of the Propeny,or fi�r conveyar►ce in li�u of condemnation. arc hcreby ussignod and shall be pxid ta Lender. In the event of a total taking af the Pcnpeny,the pro�eeds sh�ll 6e�ppllod to the sums securoci by this Secudty lnsuument. whether or not thee duc,with any cxcess paid to B�rrowcr. In dx event af a partial taking of the Property in which the fair market value of the PropcRy immaiiately before the taktng is eqwl to or grcater than the amount of thc�sum.g securcd by this Secudty Instrument immediately befare the taking,unless Bonower and L.endor Wherwise agrx in wdting,the sums securocl by this Socurity Instrument shall be roducal by the amount of the prckeeds multiplied by the following fractlan: (a) the totd amowu of the sums secured immediately befurc the tuking. divided by(b)the fair market value of the Property immedistely beforc the taking. Any balence sha�l be paid to Borrower. In the event of a pactial taking of thc Property in which the f+iir nwdcet v�lue of the Propecty immediatdy befon the taking is less than the amount of the sums secured Immedjately before the taking. untess Borrowcr�rxl Le�der utl►erwise agree in writing or unlcss appficable !aw o�teerwise provides, the procteds shrll be applied to the sums secured by this Security Instrument whether or not ttie sums an then due. If the Property is abandoned by Borrower.or if,after nc�ice by Lender to Bormwer that the oondemnor offers to m�ke�n awerd�r settla a claim for damages, Borrowcr fails to cespond to Lender within 30 days after the date the notice is given, Lereder is authorized to colloct and apply the proceeds,at fts option,either to restoration or rep�ir of the Property or to the sumg securod by this Socurity Instrurtxnt.whcther or not then due. Unless Lender and Borrower�therwise agra !n writing. any application of proceeds to pdncipal shall nat extmd or postpone the due date of the monthly paymcnts referrod ro in ptragraphs 1 und 2 or change the amount of such pQyments. 11.Borrower Not Rdeased;Forbeamnce By i.ender Not t VUdver.�xtension of the time far payment or modification of amartizadon of the sums secured by this Securlry Insuument granted by Lender to�ny succ�sor in interest of Borrawer sh�ll not operAte to rclease the liability of the original Borrower or Borrawer's successors fn interest. I.ender shall rat be required W wu��N,�iir��s aga��st any sucr,�sor ia intcr�t or rafsso;,so rzisr.d t�ate fur Fs;m►n�2r�heny�v�xtify amortIntion of the sums secured by ai�is Securlty In�trument by rcason of any demand made by the original Borrawer or Borrower's sucassors in interest. Any forbearance by i.ender in exercising any right or remedy shall not be$wxicer ori or perclude the extrcise of Any dght or nmody. 12.Suooeesons �nd Asslgns Bou�d;Jotnt and Sevenl Liability; Co-stdners. Tha ooven�nts anA agroemeau of this Socurity Insuument shall bind and benefit the successors and auigns of L.ender and Bornnwer. subject to the pmvisions of patagcAph 17. Borrower's covenants and agroements shall be joint and several. Any Borrower who ca-signs this Socurity Insnument but dc�es nat eaccute the Note: (a) is co-signing this �ecurity Insavment onty to mongage. g�ni wxi wuvcy tiwi Bnrrower's i�tcrest in the Property under the te�m.i of this Sxudty I�strument;(b) is not personally obligated ta pay the sums sxurod by this Security Instrument;and(c)agcrxs that Laider ar�d tu►y other Hortower may agrx ro eatend. modify,forbar or msike any acoommodations with regard to the terms of this Secut�ity�nswment or the Note without that Borrower's consei►t. 13.Lou Ch�rgea.If the loan secured by thls Security Instniment is subject to�law which sets meFimum lou�chuge�. and that law is fin�lfy interpreted so that ttie interest or other laan cbarges collectod or to be cotlected;in connoction with the loan oxceod the permitted limita,then:(a)any such loan charga shall be reduad by the�mamt nec�s�y to rcduce the charge to the permitted limit; and(b)any sums alrc,ady�olixted from Borrower which excxded prcrnittcd limlts will be refunded to Horrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a diroct payment to Bomower. If a reftind reduces princlpal. the roduction wiU be treated as a parti�l prepayaxnt withoat any prepayment charge undcr the Not�. 14.Nolkea.Any not�ce to Berrower providod for tn this Securiry Inswment shall be given by delivering it or by m�iling it by fi►st class mail unless applicable law requins use of a�wther method.The notia shall be diacted�o the Property Addness or uny othcr addass Borrower designates by notia to Lender. Any notice to �.eader shall be given by 6rst class m�il to 1..ender's address stated Ixrein or any other addr�s Lender designata by notice to Borrower. Any ratia provided for in this Security Instrument shxlt be damed to have ban given to Sorrower or Lender m�hen given as pmvided in this paragraph. 15.GoverninE I.�w; Sevenbility. This Security Instrument ahall be govemed by federal law and the Iaw of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Inst�ument or the Note uonflicts with applicable law.such mnflict shall not affect other pmvisions of this S�x.�urit}� lrtstrument or the Note whlch can be " givrn effect without the conflicting provision. To this end thc provisions of thls S�,cudty Instn►ment and the Note are declared to be seve�able. 16.Borrower's Copy.Borrower shall be given one oonforn�ed oopy of the Note and of this Security Instrument. ' Fon»ao2e si90 � � Vpr�M6 ' . — ----