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<br /> z���� payments may no langer be required.at tha opdon of Lender.ff mortgago insurancr�cavcragc(in ihc oTu�t end for the perlod __
<br /> that Lender reqair�s)provided by an insurer approvcd by Lcnder ognin bocamas uvnilnblo and le �btuinad. aorrawer ahall pay the ;`
<br /> "`�"� premiums required to maintain mortgage Insurances In effect,or W provtdo o lass reserve,untJl Iha tequirement for mortgage �:
<br />_��"`"�� insurance ends in accordance witb any wriuen egrecment bctween Borrowcr and Lcndct ar oppllcubio luw. -
<br /> ° �" 9.Inspec�on. Lender or its agent may maka re�sonublo cnUies upon and inxpcciiana o�' Iha Property. Lender sha11 give =
<br /> �' Borrower noflce at the time of or prtor ro an inspec�on specifying reasonablo cttuso for tho inspr.ce.ton. -
<br />,,.,; ,,�' _ 10.Condemnadon. The proceeds of any award or claim far damaga9, dircct�r conaec�uentitil,in conncxtion with eny _
<br />— condemnation or other taking of any pert of tho Property.or for convayance in Itou of condernnation,are horeby essigned snd
<br />.��r�i, shalt Isa puid to I.ender. �
<br /> �
<br /> v_��� 1n tha avent of a total taking of the Praperty.the proceeds sl�aU be appHcd to tha aums socurcd by this Security Inswment, -
<br /> � whether or not then due,with any excess paid to Borrower.In the event of a pacdal taking of Iho 7�roperty in which the fair market
<br /> valuo of the Property immediately before tde talcing ia equai to or greater than tho emount ot tl io sums seeuced by this Securlty
<br /> Insuument immedlately before the taking,unless Horrower and Lcnder atherwise agrce in wsWng,thes aums secured by this
<br /> .,�,;� Security Insaument shalt ba reduced by theamount of the proceeds m�ldpAod by�ha following tractioa: (a)the total amouat of
<br />:�;��. the sums secw+exl immediately 6efore the taking,divided by(b)the faIr market value of the property immediat�ly before the _
<br />�,„t;�;, taking.Any balanc�aha11 be paid to Bonower.In the avent of a pardal�king of tha Property in wh�h tha falr merket velue of the
<br />=�: Pmperty immedlalcly b�fom the taicing is less than the amount of 1he sums secured immedietely befora the ta{3ng, unless . _
<br /> ��::�:� 8orrower�atd L.ender otharwisc+aAree in writi�g or unless appllcable law othenvlse providcs�tha proceeds ehall be applied to the ' _
<br /> "°`. swnss secured by t h i s Sec u r ity Insuument whet�eer or not tho sums are then due. _
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<br />�'r:i�. If the Pmperty is abandoncd by Borrower.or if.after nodce by Le�tder to Borrower that t�o oondcmnor offees w make an
<br />-ti'-���', award or settte a cIaim for dameges,Borrower fails w respond to Lender within 30 days after Ih�date tho nodce is given,Lender ,
<br />-~'�:c��;<�1 is eurhrnized a coUecc and apply�he pecx�ls,at its opilon.csither to ratoradon ot tepnir of�te Ymyt�ty ar to Wo aums se�ured _
<br />'.�''r '�� by tl�s 5ecurlty Insuumsnt,whether or not then due.
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<br />�;:,`�``�'�;f Unless I�ender and Bonower otheiwise agree in wridng,any application of proceeds to ptinclpnl s6ali not extend or postpona
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<br /> :;,�� the due data of tde monthly payments nfem�l to tn paragraphs 1 and 2 or cheage the amount ot such puyments.
<br />�:��r;� 11.Boi�rower Not Re�easedi F�bearance By i.ender Nnt a Waiver. Sxtsnsion of tho tirne for paymesnt or modiflcadon
<br /> ``:'=`� of amorti�adon 4f the�ams secured by this Security Insuument granted by Lender w any sucCessor in interast of Borrower shall
<br /> �' not opeiate to relea4e the Nability of the orlginal Bmmwer or Borrower's successors in interost Lender shaU not ba required ta
<br /> ,�'s`� commence pmceedings against eny successor in interest or refuse ro extend dme for payment or aharwlae modify amortimdon of
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<br /> �`'i:�t_ - the sums secured by this Seaurtty Insuutnent by reason of any demand made by�ho orl�tnal Borrower or Bomower's aucceasors
<br />-��}:<;� in interest Any farbearance by I.ender in exercising any right or remedy shall noi be a waiver of or ptoclada ttte oxercise of eny
<br />_.,.rt`;': rightor remedy.
<br /> - _ 1Z.�s�so nnd A«,�gas�QUS!!;JoSssi aad Sevprs!��L+f�ty;(:�-xlgnerA. The caven�nts aad agroements of this
<br /> _ Security Iustrument shall bind and banefit the successors and assig�a of Lender and Bonower,suDjact to tho provlslons of
<br /> Pa�agcaph 17. Borrawer's.aovea�ants and a�rcements shaU be joint and several. Any Horrower who casigae this Socur[ty
<br /> Insuument but does nat execute the Note;(a)is co-signiag this Securlty Instrument only to :ao�tgegs.grant and convoy tt�at
<br /> Borrower's int�'est�n the Proporty ander the terms of thjs Securlty Instrumeat;(b)ls aot personally obligated to psY the suma
<br /> secured by this Se�W3ty Inswmen�;aad�(a)agrees tliet I,ender and any othar Boirowar may sgrc4 w axtend.moditY.forbear or
<br /> make any accommodarions with regard to�the feims of th�s Securlty Insnument or the Note without thai Borrowu's eonaeat
<br /> . � 13.i.oan Ct�'��s. If tfte ioan socured by this Security Insnuntent is subfect w a law w�kh sets mmtimum loan chargd.
<br /> _ and that law is 6aaUy i�iteipreted sa that the interest or other loan charges collectcd or ro be caUoaed ia connection with the loan
<br /> '= exseeci the permiued 1i�nits,then:(a)emy such loan cd�arge shall be reduced by the emount neeesse�y to reduca tbe chargo w the
<br /> pe�miued 1imi�mid.(�)any swns already coltected fmm Bo�rower wbicd e�cceeded permitt�d llmit�w11t be refundod w Borrower.
<br /> Le�der may choose w make tbis refund by reducing tho principal owed under t&e Nota or 6y making a dictet payaneat w
<br /> � Borrower. If a refund reduces psincIpal,the ralucdon wlU be treated ag a P�P�Y�t wIthaut anY P�Yn►e�►t cherge
<br /> unde3 the Note. . • .
<br /> __—_.� 14.Natkes. My nodce to BorrowerpmvIded for in thls8ecurIty InsOument shall be givenby delivering itor by maiWg it
<br /> :,z� by 6rst class mail uNess applicable law requires use of anather mett�ad.The nodce shall he disected W the Propar�y Address or
<br /> any other adckess Borrower deslgnatoa by aodce W�.endet.Any nodce to Lender shail be given by fust class mail to Lendor's
<br />------ address stated herain o:any ather�nddr�es.s Lender designates by notice w Borrower.Any notioo gmvided for in this Securlty
<br /> Insinunent shall he Seemed to�have been glv�n to Hoirower or I.ender when givea as provIded in tdis paragcaph.
<br /> 1S.Governtng Law;SiwerabiHty. 'fdls Securlty Iastrumeut shail be govemed by fedaal taw and the law of Iho
<br /> jw�sdicdon in which'the Property is located.Ia the event that any provisIon or ciause of this Socurity Insuumens or tha Nou
<br /> conflicts with applicable Iaw,such conflict shali uqt affect other provisions of this Security Iaswment or the Nota which catt ba
<br /> — given effect without the canfliccing provision.To thls end the pmv3sions of this Secutlty Instn�ment and the Nou are daelsred to
<br /> be sevetable.
<br /> Form�0��9/YO
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