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<br /> � puymen45 may no longcn c�requtrcd,at th option uf Lcader,if martgagc insurance coveragc(ia t6e amouat su►d for thc period _
<br /> that L�:ndcr requires)provided by aa insurer appeuvudby La:nder again bccomes nvailablc and is obtained,Bottower shall puy -
<br /> � the premiumsrcquircdto maintuinmortgageinsuraaceia effcct,or ta provldc a loss reserve,uaW t6e requirementfor mortgage
<br /> insurunce ends in accordance wlth any vvrttten agreement betwcen Bonower and l.ender or applicable law.
<br /> ;�: �r.. 9. lnspectlon.Lender or tts ageat may makc reasonableentries upon and inspecdo�u of the Properry. Leader shaA give _
<br /> Borrower aotice at the time of or prior to an inspectioa specifying reasonable cause far thc inspection. .
<br /> 10. CondemnAdoa.The proceeds of any award or claim for damages,direct or consequeatial,in cc�nttection with any :_��'
<br /> condemnationor other taking of any part aF the Property,or for conveyucce in licu of coademnation,are hereby assigned and �;'
<br /> shall be paid to Lender. Instrument, �
<br /> In the event of a total taking of the Properry,the proceedsshall be applied to the swns secucedby this Securiry
<br /> whether or not then due,with any excess paid to Sorrower.In the event of a pardal taking of the Property in wluch the fair
<br /> marketvnlue of the Property immediately before the taking is equal to or greater than the amountof tlie s h s�securedby =
<br /> � Security Insuumentunmediately before the taking,unless Borrower and Lender othecwise agree in writin8,
<br /> thi, Security lastrumentshall be reducedby the amaunt of the proceeds muldplied by the following tracdon: (a)the total v
<br /> •.�•.;� amount of the sums secured immediately before the talung,divid�:d bY N)t1'e ja�r°larkct valuc of thc Property immed�ately
<br /> ' �''''''� �' before the taking. Any balance shall be paid to Bonower.In the event of a pardel ts�king of t6e Property in wluch t�e fair
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<br /> marketvalue of the Protxrty immediatelybefore the taki�g is Icss than the amount of tbe sums secured immed►atoly befare e _
<br />=; ,�,��%:;' � taking,unless Boaower and Lender otherwise aBrec iu writin8 or unless applicable law otherwise provides, the proceeds shaU --
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<br /> �r'i�-,. be a Led to t!��sums secured by this Security[nstrument witetl�er or not the sums are then due. �
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<br /> .•��; If the�ropertyis abandonedby Bonower,or if,aftecnaticeby Lsnderto Borrowerthatthecondemaoroffers to makeaa
<br />_ . .{ award or settk a cleim for demages,Borrower fails to respond ta Lender within 30 days after the date the nodce is g'cven,
<br /> � �,,, ' l,enderis authorizedto collect andapply tLe proceeds,at its opdoa,eitherto restorationor repairof the Propertyor to the sums
<br /> secured by itl�is Security Instium�at,Whe�er or not then due. li�uon of roceeds to principal shall not extend or
<br /> ,.,� Unless Leuder ar:d Borc�wer otherwise agree ia writing, anY aPP p ents. -
<br /> � ' �+��trone the due date of the raonthly payments refened to ia paragraphs 1 and 2 or chaage the amount of such paym
<br />�,` `- ;``�'. 1 1.Borrawer Not Itelaise�Forbrarance By �en�er riot a'rini•ee. �:.�ioII of 2l1L ttsQr f�r na;rtnent ar mOdi�lCatiOn
<br />-s�.;.����'� of aznortizationof the sums securedby this Security Instrumentgran te d by I.e n d e r t o a n y s u c c e s s o r i n i n t e r e s t o f Bonowerehall
<br /> � ' �ra� � not operateto release thc liab�ity of We ortginal Bonower or Borrower's successors in taterest.Leaderehall not be rcqulredto
<br /> ~" �`''' •'` t an successor tn interest or refusc to c�Read time for paycacnt or otherwise rnoditY amoKizadon
<br />--.°:-'�:�"•,m_ commeace proceediag,s agains Y
<br />{��yw=„�,� of the sums secured by thu Secur�ty Iastrument by rcason of any demand made by the origlnal Borcower or Bonuwer's
<br /> -==�s"; successors in{nterest. Any torbearanceby Lcnder ta cxercising any right or remcdy ahaU not be a weiver of or preclude t6e
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<br /> -���5:1�__�� exercise of any righc or remedy.
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<br /> ,:;a�;°� 12. Suocesaore w�d As�lps Bound� Jdat ��d Sevec�l CJabtlttn Ic.e de�d Borr wernsubjedt�a prmr�sioas of
<br /> ��� Security Inauumentsh�ll bind ud benefit the successors and assigas
<br /> �``�";�� paragrAph 17. Borrower's cov�nants and agrecmcntsshall be joiat and several. Any Borcower who ca-sigits tWs Security
<br /> v� t Instrumentbut does not eaecute the Note: (a)is castgning this Security Iastrumentonly to mortgag�,�ant eu►d wnv�y tbat
<br /> _ - Borrower's intcrestia the Prnperty under the terms of this Security Insuumenh,(b)is not p��saaaUY obUgated to pay the sums
<br /> -��-� securedby this Security Instrumcnt;and(c)a�rees that l.eader and any other Bonowermay agree to eatend,modify.forbe�r or
<br /> make any accommodaduns with regard to the terms of this Security Instrument or the Note wit6out that Bonower's wnsent•
<br /> ---- ��R`�� �3�i o�n Chxrgp.If the loan secured by this Security Instrumentis subject to a law which sets maximum loan charges,
<br /> —'_"� an d t ha t law i s f i n d l Y iate r pretedso that t6e interest or other loan charges callected or to be collected ia connedion wlth the
<br /> ---- - loan excoed th�permitted limits,then:(a)any such loan charge shall bo reduced by the amountnecesauy to re duce t h e c h u g e
<br /> -��+� to the permittedlimit;and(b)any sums already callectedfrom Borrowerwhich e�ceeededpermittedlimits will be refundedto
<br /> _=°=="�-°��■ Bonower. Lender may choose to make this refund by reducing the principal owed under t6e Note or by making a diced
<br /> � payment to Borrowe:.If a refund reduces pcincipal, @►e reductioa will b� traated as a pucial prePaYm�nt without any
<br /> ■=��:� prepayment charge under the Note.
<br /> �=�:`:j 14. Notices.Any notice to Bonower provided for in this Security Instrumentshall be given by deliveriag it or by mailing
<br />�_.JM�'0.A� it by Grst class mail unless appllcable law requires use of aaothermethod.The no6ce shall be directed to the Property Address
<br />"�;i:°�.�: or any other address Bonower designates by notice tn Lender.Any notice to Lender s6all be �ven by first class mail to
<br /> '�`'.:�;�.�- Lender's address etated herein or any other address Lender desi�nates by notice to Bonower.Any notice provided for in this
<br />';'"•••';�'::�;�� Security Instrument shal!be deamed to have beea given to Bonower or Lender w6en given as provided in this para8�aph.
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<br />�:_ ".',:;��;�; IS. Governing Lawi �Brerabll[ty. This Security tustrument shall be governed by federal law and the law o the
<br />= � jurisdiction in which the Property is located.In tLe uveut that any provSsion or dause of this Security Instrumentor the Note
<br />�`� �'° conflicts with applicable law, such coaflict shall aot affect ather provisions of this Security Instrumonror the Note which can be
<br />__ ' . "• given effect without the coallicdng provision. To this end the provisions of this Security Instrumentaad t6e Note are declered
<br /> - • . • � to be severable.
<br /> �-',-. 16. Bor��ower's Copy.Bnnowershall be given one conformedcopy of the Note and of tbis Ssc�uiry Instruu�ent.
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