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<br /> puymc��tc;muy no I�mgcr be rcquiral,ut thc optian af I.enJcr, if mortgagc insurancc cavcragc(in thc umaunt und for the periad
<br /> that I.eiHlcr rcyuirc�l pmvidcd by un in�urcr appravcd hy L.c�dcr ug+dn hccomes uvuilablc and is obtninod.Borrowcr sball pay
<br /> �hc prcmioms rcyuired to nuiintuin m��rtgugc insuruncc in cffcct,or tu providc a li�ss rcticrvc.until thc requircment for mortgugc
<br /> insuru�xc c�Kls In uccaJuncc with any wdttcn ugrecmcnt betwcen[iarruwcr anJ I.cndcr or upplicublc Inw.
<br /> g, Inspcctlan.l.cnder c�r its agent may makc rca.�nnublc cntrics up�m imd inspections af thc Property. L.endGr hhull give
<br /> [i�►rr�iwcr nntirc ut thc tinx of ar prinr to un inspcctiun s{►ecifying rcu�unnble cuuse for the inspecti�n.
<br /> 10. Cn�demn�tlon.The proceeds of uny uwurd or dc►im for damag�:s, direct or can�equentiul, in connection with uny
<br /> ra�xlrnn��itinn or othcr u►king uf iiny purt of thc Property, or f��r cunvcynncc in licu of condcmnatian,urc hcreby ussigncd and
<br /> shull tk p:►id to l.cnder.
<br /> In the event uf a tutal tuking af the Prupeny,the prcxocds shull be upplied to thc:Eums ucural by this Secudty Instrument,
<br /> whethcr or nut then duc,with any exress paid to Burrower. ln thc event af a partiul tnking af the Property in which the fair
<br /> murket vuluc of the Prc�perty immediutcly beforc thc tuking is cqual to or greatcr thun thc amount of the sums secure�i by this
<br /> Security Instn+mcret ImmaSiutcly beforc the taking.unless Borrowc�und[.endcr othcrwise ugrce in writing,the sums sccured by
<br /> this Security lnstrunxnt shull be rcduced by the amaunt af the proceeds multiplted by the following fructian: (a) the total
<br /> umount of thc�ums securcd immediately twFare the tnking, divided by (b) tl�c fuir n�arkct valuc of thc Propeny Immediately
<br /> befare the taking. Any balonce shall be paid to Bc�rrawer. In the event of n partial tnkins of the Property in which the fair
<br /> market vnlue of the Property immediutely befom the taking is Icss than the unwunt of thc sums se�:ured immediately before the
<br /> taking, unless 8onower and Lendcr athcti�wise agree in writing or unless applirable luw otherwise provtdes, the proceeds shall
<br /> be applied to the sums secured by this Sccurity Instrument whethcr or not thc sums nre then due.
<br /> If t6e Property is abandancd by Borrower,or if,after notice by Lender to Barrower that the candemnor offers to make un
<br /> award ar settle u claim for dnmoges, Ba�TOwer fnils to respond to Lender within 30 duys after the date the notice is siven.
<br /> Lender is authorizod to collect and apply the procceds,at its opsion.either to restoration or ttpair of the Property or to the sum�
<br /> secured by this Security Instnrment,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in w�iting, uny appltcation of proceeds to princtpal shall not extend or
<br /> postponc the duc date of the monthly puymen�s rcfcrred to in para�raphs 1 and 2 or rhange ttic amount of such paymeuts.
<br /> 11.Borrower Not Relea.xd;Forbearxnce By Lender Not�W�dver.Extension of the time for payment or modification
<br /> of amortizution of the sums secured by thjs Security Insuument grunted by L.ender to any successor in interest of Borrower shall
<br /> not opernte to releiue the liability of the original Borrower or 8onower's successors in interest.I.ender shap not be requirod w
<br /> commence proceedings ngalnst any successor in interest or refuse to extend time for payment or otherwisr,modlfy amortization
<br /> of the sums sxured by this Securlty Instrument by reason of any demand mada by the originul Borrower or 9orrower's
<br /> successors in intenst. Any forbearance b,y L.ender in exercising any right or remedy shall not be u wuiver of or preclude the
<br /> axerci�.�of a._ny n.ghtnr remedy.
<br /> 12.Sua�,ssors an�1 AssiSnc Bo�nd;Joint end Severxl Lia6fltty; Co-signere. The covenants and agreemenis oi ti�is
<br /> Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-sjgns this Security
<br /> Inshument but does not execute tlie Note: (a) is co-signing this Security Instnunent only to mortgage. grant and convay that
<br /> Borsawar's interest in the Propaty under the tem�s of this Secudty Instrument;(b) is not personally obligated to p�y the sums
<br /> sccurad by this Security Insaument;and(c)agreES that L.ender and�any other Borrower may agrx to extend, modify,forbear or
<br /> make any accommodations with�egard ro the terms of this 5ecurity Instn►ment or the Note wIthout that Borrower's wnsent.
<br /> 13.Loan Clurges.If the loan secured by this 5ecurity Instrument is subject to a!aw whtch seu maxlmucn loy►�charges.
<br /> and that law is 5naliy interpreted so that the interest or other loan charges collected or to be collected in cannectlon with the
<br /> loan excad the permitted limits.then: (A)any such loan charge shall be��educed by the xmount neassary to redua the charge
<br /> to the p�m►itted ILnit: and(b)eny sums�lready co��ected from Borrower whtch exceeded pexmitted limits will be rafunded to
<br /> Borrower. Lend�r may choose to make this refund by reducing the pnncipal owed under the Note or by making a dlroct
<br /> payment to Borrower. If a refund rtduces principal. the reduction wiU be treated as a partial pnpaymant without any
<br /> prepnpment charge under the Note.
<br /> 11.Notias.My notice to Borcower provided for in this Security Instnunent shall be given by delivoring tt or by matling
<br /> It by first ctass mail qnless applicable law requires use of unather method. The notice sh�ll be dl�ected to the Propeny Addross
<br /> or any other addras Bocrower designates by notia to I.ender. My notice to [.ender shall be given by first class mail to
<br /> Lender's addrcsS stated herein or eny other address Lender deslgnates by notice to Borrower.Any notia provided for in this
<br /> Secur�ty Insttument shall be deemed to have ban given to Borrower or I.emler when given us providod in this patagtaph.
<br /> lg,Governin{ I.�w; Seve�biltty. This Security Insuument s6a11 be govetncd by federal law ancl tlx iaw of tho
<br /> jurisdictiun in which the Properry is locatod. In the event that any provision or cluuse of this Security Instrument or the Note
<br /> conflicts with applicu'ble law, such conllict shall not affect other provisions of this Security Instmment or the Note which can be
<br /> given effect withax the conflicting provision.To this encl the provisions of this Secudty Instrument and the Note are declereJ
<br /> to be severa6le. � of the Note und of this Securi InstNmcnt.
<br /> 16.Borrower e Copy.Borrower shull be g9ven one confom�ed copy t3'
<br /> Form 302e 9ID0
<br /> Pp�4 ot e
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