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<br /> - - - 98-����oss�9
<br /> p�yniGntx may no longcr bc required.nt the option af LeRder.if mortgage insumncc;coveru�e(in the nmount nnd for thc period
<br /> . thut t�nder requires)provided by an insurer approved by Lendcr agnin besomes uv�ilnble and is obwlned. Borrower s6�ll pay
<br /> the pmmiums requic+e�t w maintain mortgage iasurance in effect,or to provfde a loss reserve,until the re�uir+einent for mortgage
<br /> irtsurance ends in accordurtce whh nny wrftten agrcement bctween Borrovvor and Lender or npplicuble Inw.
<br /> 9.Inspecttone Lender or its cagent mny makc reasarwhtc entri�upon nrtd lnsgections of the Property.Lender shnil give
<br /> Hqitawer rtotice at the time of ar prtar to an inspection specifylna reusonable cnuy0 for the inspectIon.
<br /> 10.�ondemnatton. The pmceeds of any awcuul or duim far damuges,direct or consequent�al. in connectton with any
<br /> cotixlemnatIon or other taking of any part oC the Property.ue for conveynn�in lieu uf ucmdemnation.brc heteby ussigcted artd
<br /> al�nll�be paid to Lender.
<br /> 1n the event of u total talrin�g of the Property.the proceeds shalt be applied to the sums secured by thia Secur�ry /nsuument,
<br /> w�pther or not then due. wlth any excess paid W Barrower. In the event of a paRial taking of the Property in which the fair
<br /> mas,kei vulue of.ihe Property immediately befose the teking is equal to or greater than the amount of the sums secwed by this
<br /> Security In�ttumant immediately before the taking.unless Borrower and IxRder otherwtse agree in writing,tbe sums secured by
<br /> , this Secvrity instrument shall be reduced by the amourrt of the proceede muldplied by the following fraction: (a)the total -
<br /> nmaunt of the swns secured immediately before the taking, divide�by (b)the fair market value of thB Property immedIately
<br /> Is�fire the tnki�g. Any balaACe shall be pa3d to Borrower. Jn tke event of a partial taking of the Property!n which the fair
<br /> titut4cet v�tlue of the Propeny icnmediately before the talcia�g is less than the araount of the snmv secured immodiately before the
<br /> � t�latng.unless Borrower and Lertder othenvise agree in wdtin�or unless appGcabte!aw otheiwlse provIdes.the proceeds shall
<br /> be appliad to the sums securod by this Security Instnunent whether or not the sums are then dne.
<br /> � If the Propeity is alsandon�d by Bormwer.or if.aRer notice by Lender to Borrower that the candemnor offers w make an
<br /> awuM or settie a claim for d�am�ges,Bomower faiis W respond to Lender wIthia 30 days after the date the notice is given.
<br /> L�nder ia authorized to oolle�a�d apply the prnceeds.at its opdorrt,eithet w�+estoration or nepair of the Property or to the sums
<br /> , secured by this Secusity Instnicaent,whether or noi then dne.
<br /> s Unless i�eader and Borcower otherwise agree in writing. any application of prooeeds to principa! sdall not extend ot
<br /> ' postpone tha due date of the montiily payrnents neferred to in para�raphs 1 and 2 or ct�ange the amonnt of sucb payments.
<br /> 11.Bormwer Nat Rdcs�d;�'orbearanoe By I.eader Not a WeDver.Extension of the tt�ne for paymNae or rrr�odification
<br /> P��nortlzatton of the suars s�uxed by this Secnrity Instru�eAt granted by L.ender ta any successflr in interest of Bo�ruwer shall
<br /> iYOi operate to release the lia�i�ity of the origiaal�orrower or Borrower's su�oessots!a interest.Lender shell not be requued w
<br /> ,, commenoe pnnceedings agairst,any successor�n interest or refuse to exteaid time far payment or othenvise modi!'y amortizatiun
<br /> of the sums saured by th?s �ecurity Instcument by c+eason of any demand mada by the or�ginal Bornower or Borrower's
<br /> . �uccessois ia int�resi.Any fa�fiearance by Lender in exerrising any right or retnedy shaU aoi be a waiver of or prxlude t!u
<br /> exeirise of atry right or�y. .
<br />: 12. Snooesots and Assig,�Bouad;Joint 8nd Sev�al I.ixMtety; Casigaeis. The covenants and agr�eements of thls
<br /> Security Instnunem shall bind and benefit the sucoessors and assigns of Gender und Aornuwer. subjea to the provisions of,
<br /> p3ragr�ph 17. �csrower's oovenants and agreements shalt,be joint and,several. Any Borrower who oo-sigas thia Security
<br /> Iasuvmeni but dces not execute the Notc: (a) is oo-si�tiqg,ihis Seatdty Insdument only to arortgage.gra�nc.and_cvnvey that
<br /> B�,trower's interest in the Pro�erty under the tem�s of thes Security Instrument;(b)�s not personally obligated�IIO�xa�r the sums
<br /> se�uaed by thia Security Icstr�,cx�ent;and(c)age�ees that S..ender end aay other Borrower may agree to extend. m�.forbear or
<br /> matce any accommodado�s with begazd ro the teims of this Secwlty Instrument or the Note without that 8omower's consent.
<br /> 13.Loaa Chatges. If the loan secured by t6is Security Insuucnent is subject w a law which sets maximum loan charges.
<br /> and that taw is finally iaterpc�eied so t�at the inserest ar other loan charges oolleded or to be ooltected in oonaactlon witd the
<br /> toan exceod the pemutted limits.then:(a)any such loan cherge shail be�uced by the amount ueoessary to reduce t6e charge
<br /> to thc pennitted timit:and(b)any swns already oolle�ed from Borrower which exoeeded pemnitted limits vrill 6e nfunded to
<br /> Bormwer. Lender aury cl�oose to make this �fund by reducing ihe principal owed under the NPte or by making a direct
<br /> nayment r� Rnrmwer. �f � refi►ncl rr�t��es nrtn�3�l. tl�x r_�u� w�l� �e tr:ates! as � Fart�al prega�m s:�Ith�t as�•:
<br /> prepayment cha�e tuxter+d�e.Note.
<br /> !4.Nottoe.�i.My notice w Borrower pmvidod for in this Security Inshument shall be given by delivering it or�y mailing
<br /> it 8y first class amil unless agplicable Iaw ra�uires use of another method.The notice sbalt be di�rected to the Pmope�ty Add�ess
<br /> or 3ny other acidmss Bomower designates by notFce to Lender. Aay nofloe to Lender shalt be given by first class mail W
<br /> I�ender's addaess stated heiePa or any other address I,eader desigt�ates by noSce to Borrower.Any noti�e provided for in tlris
<br /> Se�urity[nsuument s2�a11 be deemed w have been given to Bozrower or L.eader wheu given as provid�in this paiagraph.
<br /> 1S.GovaNng Law; Sever�M[ity. 1t�is Savriry Instrument shaq be govemed by fed�ral law and the law of tho
<br /> j�isdiction in which the P�vperty is locuted.In the eveat that any provision or clause of this Seairity Inst�uuneat or the Note
<br /> �iaflicts wiW applicabls law.such oonflict shaU not affect other p�vLsions of this Securiry Instiume�or the No�ie which can be
<br /> given effect without tfie oonflict�ng pxnvision.'f'o thIs end the p�visiona of this Security Insuwnern aud the rtote are declared
<br /> to 6e severabk.
<br /> 16.Bor�+�rra's Copy.Bortower shall be given one u�onfotmed aopy of We Note and of th[s Seairity Instruxe�ent.
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