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<br /> pnyments may no lon$cr tre required,at the optlon oP Lrnder.lf martgs�e insumncc rnveroge(in the umnuat nnd for tho perlocl
<br /> thut l.ender rcquires)pmvided by nn insurer upproved by t.ender ugain t+ecomes uvullaGle und ia obtai�tal. 8oerower shall pay
<br /> the premiuma reguired to maintttin martgege insurnncc in effect,or to providx u loss rescrvc.until the rcyuiroment for martgn�c _
<br /> insurnnce end9 in accor+ianer wlth n�y written ogrc�ement betwe�n Borrower and Lendsr or appf icable Inw.
<br /> 9. lnspectian. Lender or its agent mny muke reusonable entrfes upan und insQectians af the PK�perty. I.ender shall give
<br /> Borrawer notice ut the time of or prtar tn cu�in.cpectinn Fpecifyin�reutanubte c;.use for ths inspection.
<br /> 10. Condemnatton. The praceeds of any award or cluim for dsmuges,dimct or canseyuentiul, in connecttan�vith any
<br /> c�un�lemnatio��ur othcr tuking of aay part of the Pm�rty,or for co»vcynncc in lieu uf condemnnttun,nre hereby assisned nnd
<br /> ahui!be paid to Lender.
<br /> In the event of a tot�l taking of the ProFerty.the pr�s shall be upplie�l to the sums secural by this Security instrument.
<br /> whether or not then due. �vith any exccss paid to Borrower.Tn the evcnt of a partiul taking�f the Pmperiy in whtch thc fuir
<br /> market value of the Property.immediutcly Aefore the takin� ia equnl to or greuter thun tho nmount af the sums securest by this
<br /> Securlry Insaument immedintely before the taking,unless Bptro�ver and Lender uthonvise ngree in writing. the sums securai by
<br /> this Secudry Instniment shal! be reduced by the i►mount of the proceods multiplieil by the fallowing fractton: (a) tho total _
<br /> nmount of the sums secured fmmaGutely brfore the tnking.dtvided by (b) the fair market value of the Piroperty immediutely
<br /> before the tuking. Any balunce shall be patd to Borrower. In the event of a partiul taking af the Property i�which the faie
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immedi.atcly befaro c�ie ,
<br /> takjng, nnless Borrower and Lender otherwise agree in wrissi�ng or unless applicable Inw otherwise provides,epee pe�JCeads sltail
<br /> �e appiied to the sums secumd by this 5ecwity Insnun2�n►v�rb�ther or not the sums are then due.
<br /> If the Property is abandonetl by Borrower,or if;a,S�er nodce by�dor ta Borrower that the condemezor offees to make an
<br /> a�vard or settle a claim for damages.�orcower faiis to tespon�to,4.ecoder �vithin 3Q days ufter the date the notice is gtven. _
<br /> Leasier is uuthorized to co!!c�and apply the praxeds.at its opiion,eittr.er to restorac�on or repAir af the�roperty�w'to the sums
<br /> secnred by this Security Ins¢eum�nt.whether or not then duz. l��tion of mviceeds to rinci al shal! rt�t extend or
<br /> Unless Eaac!¢r and bumwer otherwise agree in wridng. nny apP� P � P
<br /> postpon�tln�due c4ate of the monthly payments referred to in paragrap�►s I und 2 or char►�e che�uttaunt of such payments.
<br />= 11.&�c��aa�Not Released;Forbearaetce By Len�er Not a VYm6aer.Extension of the tlme for payment or modlfiratlan
<br /> � of amortization aS'the sums secured by tDis Serurity Insuwnent grunted by Lender to ciny successor in interess of Borrower shall
<br /> not operate to release the liabitiry of the ariginal Borrower or Borrower's successors in interest.Leader shal!not be required to
<br /> commence proc�edings ag�inst any suxessor in interest or nfuse to extend time for payment or otherwlse modify tunortiaation
<br />_ of the sums sacured by this Security Insuument by reason of any demand��y shallenot be a waive ofTOr prec adeethe
<br />:"�� successo�s in interest. Any forbearance by Lender in exercisln$any righ
<br />- exercise of any righc or rematy.
<br />�- 1B. Sucoessors and Asslgns Ba�nd;Joiat and S�veral �.ia�ility; Co-signers• The covenanu and agreem�nts of this
<br /> Security Insuvment ehall b6nd and benefit the successors and assigns of Lender and Borrower. subject to the provisions of
<br /> paragra�ph 17. Borrower's wvenants and agreements shait be Soint atid several. Any Borrower who co-signs this Security..
<br />- Iastrumeat Bu���:9oes not execute the Note:(a) is co-signing thIs S�a�r�r��tasmunent only w mortgage,grant and wnvey thae
<br /> Bors�ower's iq4crest:in the Property under d�e�l�rms of this Secur'sty,IIae.rnument; (b)is not person�ly.obligated to pay the suipu � .
<br /> s�c;ured by tb9s��ecurlty Instnunent;and(c>•pgrees that Lender and uny e�ther Borrower may agree 8o extend,maiify.forbear or
<br /> ¢nxiCcg any acxommodadons with regard to the terms of t6is Security Instmment or the Note withou3 that Boreower's oonsent.
<br /> �1,3.LoAn Charges.If the loan secuned by tl�is Security Instruraent is subject w s�law which sets maximum loan charges.
<br /> ,j nna that law is Rnally interpreted so that the interest or other loan charges coliected oT to be ooll�im oonnection with the
<br /> xos�n exceed tho pemtitted lirnits.then: (a)any such loan charge shal!6e reduced by the amount necessary to ceduce ttce charge
<br /> up',dbe perrpitted limit;and(b)any sums already collected from Borrower which exceeded permjtted limits will be refunded to
<br /> Lis�i�bwer. Lender may chogse�4m make thIs refund by reducing tiie principni owcd und�� tt�:N�cr h3 m�n8 $d�Ct .
<br />— �g,ym�nt,co Borrower. If a;ceTvnd rextuces principal. the reducdon will be ueated as a partial°p'repayment without any
<br /> prepayment c1�g�Q,�der the Npte. '
<br /> �4.AtaoQ4a,e�.+Any norice to BorroWet��provided for in this Security;linstn�ment shalt bx given by delivering it or by wailii►g�' ..
<br /> it by fir�3:�lt�in�il unless applicable lai�requires use of enother melQtac}:The noHce shall be directed to the Pe�operty Addig�:+���.,,
<br /> as,an •.;Qthe.T;&dd�s gorcower designates�bj�•noti�•.fo�li.:eender. Any norice to Lender shatl be given by first class rosii fo .
<br /> ff�emd�s a�dress stated herein or any other.addteas';Il,�ncicr designates by noNce w Borrower.Auy nodce prov�ded for 3n dtis
<br /> Seciuity insmunent shall be deemed to have�,een gii+cx�'tb�Bocrower or[.ender when given as pro�tid�d:in this paiagcaph.
<br /> 1S.Goveraiug Law; SeverablUty:;�'d'iais ��►�Y �nsnument shall be govem�cf by feg�ciul��taw and the law of the
<br /> jurisdiction in which We Property is loca{eci.�]n the event that any provision or clause of this.S2turrl,ty.Inst�ument or the Note
<br /> oonflicts with appiicable taw,�uch oon4jict sh�il not affect other provisions of this SeCurlty Insttu��1�or the Note whlch can be
<br /> given effect without the conflicting prnvision.To this ead the provisions of this Sea}rity Instmment and the Idote are declared
<br /> to be severabl�. . . . � ,• •
<br /> - 16.B��'¢a�+�er's Copy.Borrower sh�6 itr�given one conformed co,�►Y of the Nute and of this•Ss:cu�ity Instivment. ,,' � .
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