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<br /> paymenta may ao longer be required.at the optlon of Lender, if mortgage inaurance coverage(ia the amount and for the period -
<br /> that Lendor requirea)provtded by an insursr approved by Lender again becomes available and Ia obtained. Borrawer shall pay �
<br /> ..r the premiumm�s required to malataln mortgage Insurance in effect,or ta provide n loss reserve,until the requirement for mongnge �p i�
<br /> . ' insurnnce ends la accordance wiW any wrltten agreement between Bonower end Lender or applicable law. C� j'
<br /> �' 9.Inspectton.l.ender or ita agent may maka reasonabie cntrles upon and inspections of the Property.Lender shall give � -
<br /> ` �onawer notice at the time of or prior to an inspection specifying reasonable cause for the inspectioa. � °
<br /> . ,;•� 10. Coad�natlon.The proceeds of any award or claim for damages,direct or wnsequential, in connectba with any � �
<br /> coademttatlon or other taking of any part of the Propecty,or for conveyance in IIeu of condemnation, are hereby assigned aad j�
<br /> • r ' shall be paid to Lender. �
<br /> .�.�?f�� In the event of a total taking of the Preperty.the proceeds shall ise applied to the suma secured by Wis Securiry Instrument. �
<br /> ����.- whether or not then due, wtth any exccss paid to Bonower. In the event of a partlal taking of the Piroperty ia w6icb the fair �
<br /> market valua of the Prnperty immodiately bafore the taking ta equal to or�reater thaa the amount of the sums sea►re�f by this -
<br />-°'"'"""` Securiry Inetrument imme�ataly before the taldng,utiless Boaower and Lender othenvise agree in writ�ng, the sums secured by =
<br /> �* this Secudty Insmiment shall be reduced by the aznount of the pmceeds multipUed by the following fractiou:(a)the total
<br /> . � amount of the suras secut+ed immediately before the takiug,divided by (b) the fair market value of We Property Immediately -
<br /> � � . }� before the teking. Any balance shall be paid to Borcower. In the eveat of a partial takiag of tbe Property in Whi�hh che fair
<br /> � market valua ot the Propetty immediately before the taking is less thau the amouat of the sums secured iramediatdy before the
<br />- taking,unless Borrower and Lender otherwlse a�ree iq wciting or unless appltcable Iaw otherwise provides.the pm�erilss shali -
<br /> � � . . ' be applied to the suma secured by this Securlry Insm�ment whether or not the sums are then due.
<br /> _" ` � ` � If the Property ia abandaned by Borrower.or if, after notice by L,ender to Sormwer that the condemnor of€er3 Yo make an -
<br /> award or settle a ciaim for damages. Borrower fails to respond to LendBr within 30 days after tba dace che nodce ls given,
<br /> � L,eader Is authorized w collect and apply the proceeds.at its option,eithet to restoration or repatr of ttte Propeny m tm the sums =
<br /> . . secuned by this Securlty Insuumant.whether or not then due.
<br /> • Unless Leader and Bomower otherwise agree in wridng, any application of proc�ds to princIpal sLall mt e�tend or
<br /> -;;,,v*�� postpone the duo date of the monthly payments refemed to in paragraphs 1 and 2 or chau�e the amount of such paymenu.
<br /> � 11. Borrower Not Released;Forbearaace By I.ender Not a Watver. Factensioa of the time for paymeat or r�odificatioA
<br /> of aaiorti�ation of the awns secured by this Secudty Instrument granted by L.ender to any successor ia intetest of Botrower sball�
<br /> not operate to release the IiabiUty of the orIginal Bonower or Bomower's suocessors in interest. Lender shall not be sequired to
<br />- "�''.� commence proaedings agalnst any successor in interest or refuse to eatend time gor payment or othorwise modi�ar.nortizadon
<br />�7�:::�.��.. of the suma secured by thia Security Insuument by reason of any demand made by the or�ginal $orr4wer a Borrower's
<br />�;:�,�,.��;. _.
<br /> ryx��'r successors in �nterest. Any forbearance by Lender in eaercising any dght or remedy shaq not be a waiver of�c7t piceclude the
<br /> exercise of any dght or remedy. •. _
<br /> ��.f� 12. Suce�asois and As�,ins Bouitd;Joint and Sevezal Ltabilityi C:aslgaers. 'l�c covenants aud
<br /> •„ �'� agreemeats of this
<br /> ..�,;�.,,.�,; Security Insm�ment shall bind�and benefit the successors and assigns of Lender and �.Rorcower, subject to the pr�a�3sions of
<br /> N;;' ,�:'� ' ' Paragsaph 17. Borrower's oovenants and agreementa shall be joint and several:Any bormwer who co-signs this Secudty
<br /> —=-=_ _ tnsuts�cnt but does not execute the Note: (a) is co-signing this Securiry In�tn�eat only to mortqa�t�,Rrant and canvev that .
<br /> �-- Borrower's tnterest in the Property under the terms of this Secudty Instniment; (b)is not personaUy ti'bligated to pay the sums
<br /> ---_--- secured by this SecurIty Inetrumani;and(c)agrees that Lendar and aay other Borrower may s�gree w eatend. modlij', forbear or
<br /> --- �' malce any aocommodetlons with regaid to the terms of this Security Insmunent oe the Notc without that Borrower•s aongent.
<br /> _-_--_— 13. Loan Chsrges.If the toaa secured by this Securtry'�Inscntment 3s subject to a law which sets ma�cimum ban charges.
<br /> —� and tbat laa is finally inuepnted so that ttte inte�est or other loan chtuges�coltected or w be collected ia conaealon with the
<br />-- -��+� laan�zoeed tlie permitted limits,then:(a)aay such loan charge sbalt•be teduaed by the amount necessary to ndux tl�e charge
<br />� = to the permittsd limit:and(b)ar!Y�sums aiready coAectad frota Borrower which exoeeded permitted limits wiU be r+�innded co
<br /> - - Boamwer.[.ender may choa5s to make thts refuad by redue[ag the principal owed u�er the Note or by ma�dag a direct
<br /> " paymtent to Bomower. If a �fuitd�i+educes principal, the reductioa wiU be treated as a partIal prepaymeat without aay
<br /> _•:s`� PnPa7m��c,Laiga�tuMer the Notc.� �
<br />�-='-''`_�'"�� 10. Notias. Any i}otice to Borrower pmvided for in this Securlty Insnvment shall be given by d¢livering it or by maiiing
<br />- =�11� it by first class ma{I untess agplicable taw requires use of another raethod. The nodce shall be directed to the Pnoperty Address _
<br />,.��n;;��' or aay other a4drt;ss Borrower designates by nodce to I.encler. Any notice w Leuder shall be gtven by fust class mail to
<br />_�-��� Lender's address staud hereia or any other address Lender desIgnates by nodce to Borrower. Any notice pmvided for in this ';:
<br /> -"-" _ S�urity Insuument shall be deemed to have been gtven to Borrower or Leader when given as provided in this paragraph. �,+a
<br /> —�`'"�" 1S. Govemta�Law; Severnbllity. '!t►is•Securtty Instrument shall be govemed by federat law and the law of the :L
<br />__ -- jurIsdicrion in whbo�;he Property is locate�l.'Iin t�e event that any pravislan or elause ef thls Securlty Insnvn�entor the Note �`�.�_
<br /> --���-�-- conAiqs with applicable law,suah conAict shalI not affect other provisions of this Sccurity Instrument or tlte Note w�lch can be '�" '
<br /> a
<br />_,,;�' givea effect without the oonflicting•pmvision. To this ettd the pmvIsions of this Seca�rity Iusnument aad the Nou ar�declared �
<br /> �—�,� to be sevembl�. . :
<br /> �-�'�`--� 16. $ot�oa�r's Copy.Borrower shall bg gtven oae oonformed copy of the Note and of this Security Insdument. .
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