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<br /> � .�� paymenta moy no longer be required,at tbe optton of l.eader.if mortguge inaurauce coverage(in the a�nuunt and for thc pertod �_`
<br /> �� thnt Lcnder requtres)provided by en inaurcr approved by Lender ngain becomea available and is obteined.Borcowcr shall puy � `-,
<br /> . 4� thc premluma rcqulrcd co mnintuin mortgege inaurancc in effect,or to provide u loss reaerve.until the requtremcnt for mortgAgc �
<br /> ineurAnce ends in nccordanso wfth any written agteement brtween Bonower fued Lender or upplir,�ble I�w. �
<br /> ue
<br /> 9.Inspection. Lendc�ar ite agent mny mako rcusonnble ei�ulce upon and inspectiona of the Propeny. l.cndcr ehnll give �,�_
<br /> � ? Borcower natice at tho timo of or prior to nn inspectton spccifying reasonablo cuuse for the ina�:ction. �,_
<br /> t0. Candemnation. The proceeda of any award or clafm for damages. direct or consequentiu�, in ccs�ectlon with any K�:�-=
<br /> � �.� condemnstion or other taking of any part of the Property.or for wnvey�nce in lieu of condemnetian,aro horeby assisned and _
<br /> ahnil b�patd to LSnder. �i' `
<br />;,:;AU� In tqo event of a rotal taking of tlte Property,the proceeds shaU be applied to the sums serured by tt�le SecuNty lnsttu�nent.
<br /> whether ar not then due.with any excess pald to Borrower. In the event of a partial taking of the Propecty la whisb the fair
<br /> mazket valuo of the Property imraediately before the takiag is equal to or greater tban the amount of the su�m sccuaed by thts
<br /> 1� .� Secur[ty Instrument immediately before the taking,unless Borrower and Lender otherwise agree in wrlting,tlie eums secured by
<br /> •%• ' this Securlry Iasttument shall be redut�d by ttte amount of the pmceeds multtplted by the following ftaccfoa:(a) the total
<br /> •�� amount of the suma secured iYan►ediately before the taking, divided by (b)the fair market value of the Propeny immedisrely
<br /> � befote the taking. Any balance shall be paid to Borrower. Ia tho event of a partial taklag of the Property la whish the fair
<br /> ':'..,� markct valuo of the Pcoperty immedtately before the taking ia less than the amount of the sums secured irnndedis.tely before the
<br /> . taking,unless Borrower and Lender otherwise agree in writing or unless applicable law othe:wise pmvides. �he pmse�ds�shall
<br /> � �� be applied to the sums secured by this Secudty Insuvment whether or not the swns are then du$.
<br /> � '� �-� If the PrQperty is abuudoned by Borrower,or if.after nodce by Lender to Borrower that the oondema�r offers to u�atce an
<br /> _ �_'.,�"�� award or settle a claim for danfages� Borrower fails to respond to Leader within 30 days afcer the date the uo►ice is given, �
<br /> : :�°�:`'�� Lender is authorized w cottcct and apply the proceeds,at its opdon.either to restoration or repair of the Propaty or to the swns _
<br /> • �..��•. se�ured by thts Securlry Insuumeat.whether or aot then due. _ .
<br /> ?+'•• ��- licadon of roceeds ta. rinci shall not extend or
<br /> Unless Leader and Borrower othenvIse ags�ee in wrltia8+ �►Y aPP P P P�
<br />�T; ,.,•� postpone the due date of the monthly paymeats refercetl to ia parageAphs 1 aad 2 or chan$e the amount of aucL payments.
<br /> --r�• 11.Borrower No!Retts�.�Forbearance By ERm�er Nat a Waiver.ki�ctension of the time for p�yaaau ar modificution
<br />- "�' ` •� of amo rt i z a t ion o f t h e sums s e c u r e d by t h i s S e c u r l ty I n s u u m e n t g r a n t e d b y l.e ri d e r t o a n y s u c ce s s o r i n i n t e r e s t o f B o r r ower sl� . u
<br />°'�k"�� not oporate to release the Ilability of the at3ginal Borrower or Borroweir's successors in inter�t.L•ender shall nos be requit:d�ta „
<br />=�k.:�,- commeaoe prc�eedings against any successor in interest or refuse to extettd time for paymalt or o t h e c w i s e mod�i y amostii�►don
<br /> °-�'.. of� sums aecured by Wis Security Instrument by reason af ns�y demand made by the qrlginai Bo:rower or Hona�ver's ,
<br /> :�A,'*�r successors in iatere,st. Any�'otbearansx bY Lender in exercising aqy ri8ht or remEdy shall aat�be a waiver of�r proclude the _
<br /> °� _ �- exercise of eny right or remedy. . � -.
<br /> ":-��;� 12. �ss s�!��s !4���1�.�aint end Several LlabWtYi Co-siBne�. The covenants and egree�nents of this, � -
<br />=-?:=;`�`;�,�' Sxudty Insavment shuU�biad and beneRt the successors and assigas of Lender and Bormwcr. svbjecx to�ks pravisis+ns ot� -
<br />;�-:�` para,graph 1T. Bomower's covenante and agreementa s h e ll b e joint and several. An y Borrower who co-�gns this 5ecurIty'• .
<br /> -- =.� Insuum�nt but does not eaceeute the Note: (a)is cb-sigaing this Securlty Insuuanent only to mortgag�,Srant and oonvcy iliat
<br /> �—,- Son�ower's inteiest in the Pmperty under the terms of tbfa Seceidty Instrument:(b)is not personaliy C►bl[gatad io pay the sums
<br /> _���.�,�; ��yy thie Secndty Insuvment;and(c?e8rxs th&t i�andcr and any other Boirawer may agtoe to e�steu�,ma�d�fY.forbear or
<br /> :�.1 make any a000mmodatlons wlth regard to the terms of this Securtry Inst�umem or the Note withow Wa2 Borraw�a'a oonsent.
<br /> � — �: 13.I.oan C6arges.If the loan securcd by thia Saurity Insuument Is subjoct w a law which sets a�xiar�tn loan charges.
<br /> —_-==.�' aad that law is finnUUy inteipreccd se that the interest or other loan charges collecud or W be collate:l i�► counation with the
<br />—_.._,._,.,,�, loan exaoed the permitte�limits.then:(a)any sucb loan charge shall be reduoed by the amount ncassary' to redux the chuge
<br /> �....__ - to the permitted limit:aud(b)anY sums alreadY oollxtal from Bomowet which exaedcd pemiitted limits adU be nfi�aded to
<br /> --- ' Borrower. I.ender may choose to make thls nflutd by rcducing the principal owcd under thc Not�e or by malcing a direct
<br /> : Payment to Borrower. If a retuad reduas priacipal. the reductIon wIll be treatod as a paninl prepayment wtthout aay
<br /> __�._._ p�py�t�e nnder the Nou.
<br />—_—� 14.Nottc�.Jmy norice w�Sorroaer provided�or:W�thia Sccudty Instmment shall be glven by delive�ing It or by mailing
<br /> -- - it by fiist class mail unless applicable�law requires use of anorher method.The notice shatl be directed to the Pcopeity Address
<br /> Y:�y:�;���.:j or any.other address Bomower designates by aotlac to Lender. Any nottce to Leader shaU be given by first cla4s mail ta
<br /> _-__�� I�ender's address stated 6erein or siry other address I.ender designates by nodce w Borrower. Any aodx p[ovtded for in tt�s�
<br /> ---- �_, Sauriry Insavment shall be deemed w have be�n given to Bomower or Lender wh�n given as pmvIded in tbh paragraph. �g
<br /> ----_= 1S.Goverdng Is�vr. Severabll[ty. Thts Seaariry Instrument shall be govemed by federal law and the law of tl�
<br /> _,��„���; j���a in wluch the property�S locazed. In the event that any provision or clause of this Saudty Ins�uument or the Note_
<br /> --- --- wnflicts wtth applicable law,such oonIIicx shall not affect other pmvisions of this Sewdty Insm�ent or ttfeNote which can 1�
<br />-.�.��; givea effect without the conflicting pnovision.To thLLs end the provisions of this Security Tnstr.uasnt and tbe Note are deslared
<br /> ��,��� to be severable.
<br /> -----�, 16.Barroacr's CopY.Borrower shalt be given one confo:med capy of tha Note and of this Security Insaument.
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