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<br /> � :i papments may no longer be required.at the option of I.ender.if mortgage insurauce coverage(in the amount and for the period `�
<br /> . that l.cnder re�uireg)pmvided by aa lasurer approved by i.ender again becomes available and is obtained.Bonower shall pay ��
<br /> x�. the prcaaiwns requitwd to maiawin mortgage lasurnace�u effett,ar to provide a loss reserve.unttl We mquirement for naongagc u
<br /> insurance euda ln axordance aith any written agtternent between Borrower aad Lender or epplicable law. --
<br /> ' 4. Inspectton. I.endor or Ite Fzgent may mske reasonable entries upon and inspectiona of the Property. Lender�ttall give —
<br /> � Borm�v�r aotice at the time of or prior to au inspertion specifying reasonable cause for the inspeccion. _
<br /> :.�` 10.Cond�atEon.Ttte proceeds of any awatd or claim for damages. direct or consequeatial. in connection with any
<br /> ooademnation or other tatdng of eny part nf the Property.or for canveyance in lteu of coademnation.are hereby assfgned and =
<br /> .�� shalibe patd w L.ender. �
<br /> "�� Ii►the event of a totel taking of the Pmperty,tlie proceeds shall be applied to the sums secured by this Securiry Iastnunent,
<br /> =�r wheWer or aot thEn due,wiW any excess paid to Horrower. Ia the event of a partIal taking of the Property in wWcb the fair _
<br /> market value of the Property immediately befaro dae taking is equal to or greater ibaa the amonat of the sums securetf by this
<br /> _.- Securlry lnstiument Imtnediately beforo the takina,unless Borrower and Leader othetwIsB agree in wrltWg,ttte sums secured by
<br /> . : �, this Secusity Instnuaent shall be reduced by We amnunt of the pmceEds muldplied by the following fractioa: (a)the total
<br /> amount of the sums secured immediately before the taking.divided by(b)the feir market value of the Pmpeny immediatety °
<br /> befar�tha taking. Any balance shall be paid to Bomnwer. Ia the event of a paitjal takiag of the Property in which �he fair
<br /> mazket value of tbe Property immedlately before the taking is less than the aanount of the soms secured imme�fately before the
<br /> - taking, unless Borrower aad Lender otherwise agree in wrtciag or unless applicable law othenvise pmvides,the prooeeds shall
<br /> Y _ bx applied co che sums secured by tbis Securiry Insnvment whether or not the sums are then due.
<br />��F,?.���" • If the Pmperty is abandaned by Boreower,or if,aRer notice by Lender to Borrower tbat the oondemaor offers to make an
<br />-- . award or settle a claim for damages.Borrower fails to respond to Lender within 30 d�ys after the date�he aatice is given,
<br /> �"'� Lender is authorized to coIIect and apply the proceeds,at Its opflon,either to cestoratIon or tepair of the Property or ro the sums
<br /> ;"',:'"���; secured by this Ser,�.dty lnsnument.whether or not then due.
<br /> Udess Leader and Borrower othetvvise ag�ee in wrldng, a�yy applicatIon of pinoeeds to principal shall not eauend or
<br /> ':-°�'���' postpone che due date of the monthly payments referred to in paragraphs 1 and 2 or change the amouat of such paymeats.
<br /> ~;;�'���,� 11.Bormwer Not Released; Farbe�a�.ce By I.eude�r Not a Waiver.Extension of the Hme for payment or modification
<br /> -,ss";31 ;• Qf a�nirsxization of the sums securod by this Sccudry Instnunant granted by Lender to aay succe.ssor in inurest of Bonower shall
<br />-:n:;�;�� no:•opsrate t4 rel�ase t6e liabiliry of the orlginal Boaower or Sorro�ver's successors in i�uerest. Lender shall not be required to
<br /> - - '.' .. ,'.•. oommence'Piaorxdings against any►suoc�ssor in iaterest or refiue to extend time for payment or othera�ise modify amorti�ation
<br /> '' �d '�� of the sums a� by this SecurIry Iast�uan�t by reason of any demand madc by the originai Bosrawer or Borrower's
<br /> _ 'Y"C"`':r '� � �
<br />��:-�:�.�°" suooessora in interest. My foibearance by Lender in exercising any right or nmedy shatl not be a waiver of or preclude the
<br /> �a r�,
<br /> ,a a y,;, . • exetcise�of any dght or remedy.
<br />'.:.SI��fI�f?ryF?{ � � if�.�.�r,rn� iwd As�� P,a.�'.�;��ipt and werrs!II.LbWty, Cv��e�s.1he coveaents and oQ�men�.c oi rhis .
<br /> � S�cudty Insttume'at.sj�au bind and beaefit tY���nocessors aad assigns of Lender and Borrower, subjecx to tho provlsions of
<br />--�-�-=-�'s ,
<br /> _��`,-��-�--y' paragraph 17. •�anower s covenanis aad$gq�cementa shall be joint aad several. Any Bormwer who casigns this Serudty . .. .
<br /> . Insuument but does not execuu the Note:(a) ls co-si�ning this Security lnsm�meat only w mortgage,grsat a�t toavcy that
<br />-�;:�;%� Bair�wer's interest in the Property vnder the tetms of this.3ecurtty Iasuument;(b)is not petsnnally obligazed to pspi the sums .
<br />- se�tuet�.tiy tlils Suurity Iosuvment:and(c)agras th�t�nder and any other Bon+owes maY a�e w extead,xnodi�y.forbear or
<br /> --- ma1c6 a�acoommodations with regard to tha t�nos of th�ts Secudty Inst�ument or the Note wIthout that Bomower's conseut.
<br /> -':„°�"--. 13.Laa�o�fiaiges.If the loan securad,�y this Securlty Insuument is subjoct to a law which sets maxtmum laan charges,
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<br /> :L�,r:� and thai iaw ia linatly intcYpreted so chat ihe 3�eres!or otha loan chargea collxted or to be collocted in oonnecaon with the
<br /> ';`:��< toan exc�d the permittad lumita�rtt�en:<a�a�►Y ancb loa�►cbarge shaU be redaoed by the amount aeoessary to re�use the charge
<br /> -= ��J`' to the peimitted Wait;and(b)'any stims alseady coAxted fmm Bomower which e�cceeded p�rmitted ljmits will be nfunded to
<br /> . Borrower. Leader may choose.to make this•nfiind by redudng the principal owod uader the Nota or by maY3ng a direct
<br /> ----� : Payment to Botrawer. if a reil►nd e+educes,�priacipal, the reduction will be ueated as a partlal prep�ymcnt wIthout any
<br /> P�PaY��'Se under the Note.
<br /> __.--.-.-.---.— ,,14.Nottoes.Any notice w Borrower provided for in tbis Secudty Insuumeat shall be given by deliveriu�it or by mailing
<br /> - It bp��'irst class mail unless appllcable law requ�es use of another method.The notiat shall be dL�ected w the Pro�erty Address
<br /> - o;.:Any other address Bo:rower designaies by notice to Lender. Any notice w L.ender shaU be given by ficst class mail to
<br /> � Lpi�er's addr�4s stated herein or aay othet address Lender desIgnates�iy aotice to Bcirower. Any aotioe provided for in thia
<br /> __ Securlty Insuument shaU be deEmed w hav�b�m given to Borrower ar 1(:�ad�r ahen given as provided in this paragraph.
<br /> — � 15.Gov�ning Ltiw; Severabilit9• "fh�s Secudty insaumeat ahall be governod by fedcral laa and the law of tbe
<br />-�e°��+.� jarisdiction in which the Propeity ia located. In the event that any pmvlsion or cisuge of this Security Insriument or the Note
<br /> „�,:,
<br /> —_---` confli�a with appllcabie law:suoh oonflis¢sha11 aot affect other pmvisions of this Sect�rity Insa�vment or the Note which caa be
<br /> ------��� givea effxt wiEliout the oonflictiag prov�sion. To this end the pmvisfans of this Security Insuumcat and tha Note are declared
<br /> ��- ' w be severabte.
<br /> -_----= 16.Borrow�'s Copy.Somower shall be given one oonformed vepy of the Note and of this Secucity Instiument. �
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