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<br /> � pay�cnts iaay no longer�required,at the optioa of Lender,if mortgoge insurance coverage(in.the nmount and for tbe periad
<br /> � . y . that Lxnder requlres)provided by sw insurer approve�by Lender ugain beaomes av�ilnbie and is obtained. Borrower shall prsy
<br /> ' t the premiums tequfred to mnlntatn mortgage insutence in effect,or to pmvide a loss reserve,until the requIrement for mongage
<br /> � `� insurance ends in a000rdancc with any wdtten agreement betweeA Borrower and Lender or applicable law.
<br /> �• 9.[►bspection. Lender or ita agent mz�y m�ke rensonuble enutea upon and inspections of We Property. Lender shall give -
<br /> Bonower noltce ut the time of or pri�r to an inspxtion specifying reasonable cause for che inspecUo�a.
<br /> � 10.Condtmnatton. The procceds of any awrazd or claim for damages, direct or consequential, ir►conaection with any �
<br /> ' condemnatton or mher taking of any part of the Property.or for conveyarcce ia lieu of candemaadon,ere hereby assigne8 aad __
<br /> ' shali!se paid ro l.ender. �
<br /> . ,qr��, Ln the evPnt of a total taking of the Property,the proceeda ahall be uppliaf to the sums sec�nred by this Security tnstrumenc, f�.
<br /> � whether or not thea due. with any excess paId to Borrower. In the event of a partial takiug of tke Prope�ty in which the fair `�
<br /> ;cti�� m�rkee value of U►e Property immedIately before the taking ta equal to or greater than the a�oant of the swns secured 6y chis e-.f
<br /> � Security instnuneat immediately before the taking. unless Borrower and Lender othenvise agree in writing,the swns secured by �'
<br /> '' � this Securiry Insmunent shail be redncod by the amouat of the pmceeds mWtiplied by the foUo�a+ing frac[ion: (a)the total
<br /> araouat of the sums secured imntedlately before the taking. dlvided by(b)the fetr market value of tde Property immedIacely
<br /> " before the taking.Any balanoe shall be paid to Borrower. In the event of a partial taking of the Property in wluch the fair °
<br /> �� mazloet value of tde Property immediately before the taking is less than the acn�unt of the sums secured immc�iiaately before the —
<br /> , ;�„ tatdng,unless Borrower and I.ender otherwlse agree in wrlting or unless applicabte!aw otherwise pmvides. the proceeds shall
<br /> • :;� be applied to the sums secured by tLis Securiry Insuument W+hether or uot t4�e sums are then due.
<br /> . ,. �" If the Property is abandoned by Borrower.or if.after nodce by Le�c3er to Borrower that the condemaor offers co make a�a
<br /> � �� suvard or settte a claim for damages. Borrov+er fails to respoad to l.ender vrithin 30 days aRer the date the aatice is given.
<br /> . �� Latder is authorFzed to colIect and agpiy the g�ceeds.at its option.etther to restoration or repair of the Propertyr or to the sums _
<br /> secured by Wis SecurIty Instnuneat.whether or not then due.
<br /> 'R Ualess I.ender and Borrower othetwise sgcee 1n wclting. anY aPPlic�don of proceeds to priucipai shall not extend or
<br /> �` postpone the due date of the monthty paymeats mferred w ia paragrapbs 1 and 2 or change the amoupat of such payments.
<br /> - il.Borrower Not Releaced;�brbearaace By Lende�Not a Weives.Faueasion a€the time for payuient or naodificatioa
<br /> - of amo�iZatton of the sums secvred by tids Securlty Insuument grantod by I.ender to any successor in intxrest of Bornower shall --
<br /> • ;� not operate to release the liabi�iry of the original Borrnwer or Borrower's suocessora in interest. L2IIdCl BA811 IIp4 bC ICyllitCd t0
<br /> •° � cominence prooeadiugs against any successor in iaterest or refuse to exteud tirae for payment or atherwlse mod�fy aaaortixatloa
<br /> � • • of the aums se�ad by this Secudty Insuument by mason of any deroand made by the orlglna! Borrower or Borrower's
<br /> - • -�-r suocessors in intae.st.Any fozbearaace by 1�ender ia exercising any rlgh¢or r+emedy shall not be a waiver of or preclude the �
<br /> 3� exercise of aay right or remedy.
<br /> _-.� ��� . 12. Succe�sors sad Asslf�os Bound;Jotnt and Several Liabillty; Co-signe�s. 'I'he cbvenaats and agreements of this
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<br /> - Scxurity instru„iwt shati biad and Is�nefit t1le sRC�cessors and assi�of Leader and Borrower,suDject to the provisions of _
<br />-� : ::'.,�; P�B�Ph 17. Bomower's oovenants and'ageeements shail be joiat and several. Any Borrower Who co-signs this Secudry
<br /> �
<br />.�=s:iN�=��,' Insuument but does not execute the Note: ($)la co-sigaing this Seatrity Inscc�ument only to mortgage, grant and convey that
<br /> ^"'�"?'�r;��'. 8orc�wer's iaterest in the Property under We terms of this Securtty Iastn�ment:(b)is not personaUy obllgated to pay the sums
<br /> ;{���;:''.x a�:: seeused by this Sccuriry Instruiment;and(c)agrces that Leadcr aad any other Sorrower may agree to extend,moalifj►.forbear or
<br /> '.•'•i°_ ; ritake any aocommodations with tegard to the terms of this Securit�+tnstsuauat ar the Note withom that Borrower's cansent. , —__
<br /> ''�°"�.':�" 13.Loan Ch�rges. If We loan secured by this Securlty Tnsm�ment is aubje�w a law which sets maximum loan chazges.� —
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<br /> _:;�:* �^ and that law is Rnally interpreted so that the interest or other loan�harges colle�l or to be coAocced in wnaectlon with tHe --
<br /> "'"`'�`�'" toan excced the permitteci linraits,thea:(a)anY such loaa charge shall be reduced by the amouat necessary to reduce the charge
<br /> -':4,:'���%;��,�. W the permitted I(mit:aad(b)a�►Y
<br /> swns aiready volleceed from Borrower wluch e�ccoeded permitted limita wfU be refunded to
<br /> ="-=:::.'�,�,�:_ Bomower. Lenda may choose to make_this refund by reducing the prinapal o�ved under the Note or by maldng a direct
<br /> - ��-� PaY�t to Eosower. If a reflmd reduces FrincIpal. the reducttoa will be ueated as a paniai prepayment wIthaut any
<br /> �-.�'`ti,���,� prePaYment charge under the Nou. �::•
<br />=___-= 14.Notices.Any nodce to Borrower pruvided for in this Secudry Insuument sball be given by delivering it or hy mailing
<br />--�� it by first class mail unless�plicable law requires use of suother method.l9ie notice shall be directed to the PropBrty Address =
<br /> R-.,'�`�.�� ot aay oiher addiess Borm�var desigaates by aotice to L�eader. Any aot�ce w L�ader shall be given by fixst class mail to _
<br /> `'"`""'�'. , norice to Borrower. An not�ce rovided for ia this --"
<br /> ... Lender s address stated herein or any other addtess Lender desigaates by Y P
<br /> ,�"�°,�� Socudry Instn�ment shall be deemed to have been$iven to Borrower or Leader when given as prov[ded ia this pata�raph. .. �
<br /> -'-'�"°='�v 15.Goveruing I.aw; Seve�ab�litq. 'Chis Secunry �m t ghall be govemed by federsl 18w aztd the law of the
<br />��=' jurisdiaion in wdtch the Pcope.Ay is lacated. ln the event that any provtsion or clause of this SecurIty Instrument or the Note __
<br /> `�-�arn] oonflicts wiW appltcable law,such oontlict sha11 not affect other pmvisions of this Sa�urity Insuument or the Note wtdch can be • - _
<br /> ' -- �' given effect wtthout the conflicSng provision.To this endl the provisions of this Secudry Instre�c�t aad the Plote arc deal�.. -.
<br /> °-�_`` to be severable. ' � �
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<br />_=-=-:��.;�r. • 16.Borrower's Copy.Borrower shall be given one confuraced copy ot the Note aad of tbis S�cu=iry Instrument. —
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