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<br /> - Ag `�t3r�r1 �
<br /> re uircd�ae the o tion of Lender,if ntartgage insurat►ce coverage(in the amount and for the periad �
<br /> pny�ne��ts may nn tenger be q P
<br /> titat Lcndcr requfres)proviQcJ by t+n in.rurer approved by Lcndcr ugaln becomes awailublc nnd is obtuined. Borrower shall pay
<br /> the pmmiums rcyuired tu maintnin mortga�e in�urc�nce in effect.or ta provide u loss reserve.until the rEquirement for moRIIage
<br /> Insurunce ends in accordonc�with any written agteement between Barrower und Lender or upplicabte luw.
<br /> 9.Insp��rtlon. Lender ar its agent may m�ke rea.sanable entrfes upan and inspectfons of the Property. L.endcr shnll givc
<br /> 0nrro�ver nattee nt the timo af ar prior to nn insp9etinn specifying reasonable cuuse for the inspection.
<br /> 10. Condemnatton.The pmcc�eds of any A�v;ud or claim for damages, direct or consequentiul,in connection wtth tiny
<br /> condemnation�►r udeer tt►king of:u�y part of the Pro�sgrty,or for conveyance in lteu of candemnation,are hercby ussigned c+nd �
<br /> shall ix:paid ta l.enci¢r.
<br /> In thc event of�tatnl taking of the Property.the proceecls shall bc applied to the sums secured by th�s Security Instrument.
<br />' whether ar not ihen due.�vith uny excess pa�d to Bonower. In the event of u partial tulcing af the Property in �vhich the fuir
<br /> markei�alue of the Property immedtutcly before the caking is equa!to or greuter than the umount of the sums secured by this
<br /> Security Instrument immodiately before the taking.unless Borrower and Lender othenvise agrce in wrttin�,the sums sesured by
<br /> this Security I�uGua�ent shal! tse ceduced by the amount of the proceeds multipliat by the foflowing fraction:'a��ia el� —
<br /> amount af the sums secured immediat�ly befon the taking.divided by lb)the fair market vulue of the ProPertYhich the Ceir
<br /> before the takins. Any balance shall be paid to �orrower. In the e��ent of u parttal taking of the Propercy
<br /> � market vulue of the Property immediately before the tuking is less thun the ncnount of the sums secw�c�l imn►ediatcly befare the
<br /> taking,untess Borrawer and Lender otherwise agree in writin�ar unless applicable law otherwise�tmvides,tfl�B�dS shall
<br /> be npplied to the sums serured by this Secur�ty Instn�nc��rf�ezher or not the sums are c[2ers due.
<br /> If the Pro�is ubandoned by Borrov�er,.or Efi.a[�er notice by I.ender to Borro�Yer. tbac tL'�e c�md��r o�ers Co make an ,
<br /> uward or settle a clai�n for damages. Borcovrer tai[s �o t�sPond to L.ertdes�vithtn 30 days after tt►.�date the�Qi o jthe swns ��
<br /> I�ender is aut�.aeized to collect and apply the�roc�eeds,at ies option.either to restoration or repair of the Property
<br /> secv�.�ed by this Security tnstcument,whetteer or sot t�en due. ����on of rooeecis to principal shalIl nuII extend or
<br /> Un[ess Lender and Borrower othemis� agree in d+ceiting. any sipp P
<br /> postpone the due dute of the monthty pay�mxnAs referned to in paragrapl�s 1 and 2 or change the amount of such pay�nts•
<br /> 11.Borrower Not Released;For1�v��By 1.cnde�'Not a Watver.Extension of the d�ne ffmr payment or modificade�n
<br /> af amortization of the sums secured by this S�txiry Instrument granted by Leader to any saccessor i�e interest of Bonower shafla
<br /> rtot opernte to release the liabillty of the original Borrower or Borrower's successors in interest. Le��er shall not be required ta+
<br />� rnmmence proceedinBs againse a�'Y successor in interest or refuse to extend time for payce�ent or otherwise modify amo►tizati�m `
<br />"— af the sums serured by this Serurity Dnstcanmt�nt by reason of any demand made By ahe original Borrower or Borrower s .
<br /> successora in intemst. My forbeatance by D:��er In exercisiag any right or remedy shull not be a waiver of or preclude th� ��.�
<br /> exercise of any rignc or remedy. � �
<br /> — 12. Successors and Asslgns Bound; Joint and Several Y.tubility; Co-signers. The covenatets and agreements of tt�is�,,:.
<br /> Secutity Instcument stiall b[nd and benefit the successors and assjgas of Lender and Borrower, subject to the prDVisions of
<br /> paragraph 17. Borrower's covenants and agrcements s h a l l b e j o i n t a n d s e v e r s i l. An y Borrower �vho co-signs this Securlty
<br /> Instrument but does aot execute the Note: (a)is co-signing this Security Instrument only to mo���e.�rant and convey thax .
<br /> Borrower's interest in the PropertY w►der the tea�ns of this Security Insuument;(b)is not persona6Qy i,�iligated to pay the sucns? �:,�.
<br /> secured by this Security Iastrument;and(c)agr�xs that Lender nnd any other Borrower may agree ra�ztend.madify,forUear or;•� .
<br /> p��e�,y a��odations with regerd to the terms of this Secwity Insuument or the Note without that Borrower's oonsent. ,
<br /> 13.Loan Cliarges. If the loan secured by this Security Inscnunent is subject to a law which sets maxtmum loan charges.
<br /> — and that law ls finally intetpreted so t1►at the interest or other loan charges collected or to be collectad in conmction v+Id►the
<br /> loan exce�d the peru�iued limits.then: (a)axqy such loan ctiarge shall be reduced by the amo�ttecessaz7��wi�u be mfund�e . �:
<br /> t o t h e p e r m i e t e d l i m i t;and(b)an y sums alrzudy collected from Borrower which exc�ecled pe
<br /> Borrower. Lender may choose to make this refuud by reducing the principal ow e d u n der t he No t e o r b y m a k i n g a d i r e c t
<br /> payment to Borrower. If a refund reduces principal. the reduction witl be treated es a partial PrepaYment without any
<br /> — prepayment char�e under the Note. ,� . •
<br /> 14.Notices..Any nofice to Borrower provided for in this Securiry�Ap�rument shall be given by delivering It or Ay mvlin8
<br /> it,b�y first class mall unless appiicable law re.quires use of another rtcethocl.The norice shall be directed to the Property Addc+ess
<br /> — or �ny other address Borrower designates by nodce to Lender. My norice W Lender shali be given by fitst class mail to
<br /> I,ender's address stated herein or any oth�r address I.ender designates by notice to Borrower. Any not�ce provided for in this
<br /> gecurity In�tmment shall be deemed to have been given to Borrower or Lender when given as provided in tlils paragraph.
<br /> 15.Governin� Law; Severabiiity. This Se.curity Insuument shiaU be govecned by federal law and the !sw of the
<br /> jurisdiction in which the Prope �s tocatecl.In tlie event that any pr�svislpn or clause of thi�SeCa�rity��nt or the Note '�
<br /> , cqntlicts with applicable lativ,.�v���iCY shall not affect other provisipns of thls Sacuriry lnsuuaa►etn.or the Note which can bo
<br /> gtven,effett without the wmfiBx��ng ptovi�ian. To this en�the provisions of this S�urity Instcument and the Note are declax+ed
<br /> to 6��everabl�.. . '�. ;
<br /> -- 16,Borro�yer's Copy.Boaower sha114.be;given one confo�em�s,p of the Note and of this Security Instru�t.
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