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<br /> �•� payments may no tonger be tequlred,at the option of Le=tder. if mortgage inswancc wverage(In the amounc and for the perlod -
<br /> " t + that Lender requires)pmvtded by an instuer appraved by Lendcr ngaia becomes avuilable und ia obtained.�arrower shati pay __.
<br /> the premiums requtred to matntafu mortgage iasurnuce in cffect,or to pmvide a loss reserve. until the requirement for mo»gage
<br /> • ��� fasurauce eads la uccordana with any writtea agreement between Bormwer und Lender or epplicabte law.
<br /> 9. Inspecdon.Lender or tts agent may make reasoaabie enuies upon and inspections of the Propeny. Lender shell�ive
<br /> � ' Borrower notice at the time of or prlor to an iASpection specifying reasonable cause far the inspecdon.
<br /> r � 10. Condemnatlon. The proceeds of eny award or claim for damages, direct or coasequential. in coiu►ection with s�ny =
<br /> condemnution or other talc�ng of any part of the Property,or for conveyance in lieu of condemnation, are hecehy aseigned and
<br /> � shall be pa�d to I.ender. �
<br /> :,�r:�� In the event of a total tekiag of the Property,the prooxds shall be applied to the sums secured by thia Securlty Instrument, _
<br /> r---•-t whether or not then due, with any excess patd to Boaower. In the event of a parttal taking of the Propecty ia whicb the fair =
<br /> .ti mazket value of the Property immediately befa�the toking is egual to or greater than We siaount of the sums secured by tbis �
<br />, - ^ �u Secudry instnament Itnmedietely before the takiag,unless Borrower aud Leader otheiwise agree in wtlting,the sums secured by
<br /> this Securlry Instrument shsU be reduced by che amotun of the proceeds multiplied by the foltowing fiactton: (a) the tota►
<br /> �` amount of the sams se�ured iuunediatel y before the taking, dlvided by(b)the falr market value of the Proge�ty+immediately
<br /> , ° � , before[he taking. Any balance ahall be paid to Borrower. In the event of a partial taking of the Propecry in which the fair
<br /> . ,� market value of the Property immediately before the taking is less than tha amount of the sums secured imrnediately before the
<br /> �. taldng, unless Borrower and Lender otherwise agree in wdting or unless applicab)e law otherwtse provides� the pmceeds shaU
<br /> � �r• be applied to the sums secured by this Securlty Inauument whether or not the sums are then dv.e.
<br /> ;,, , ` "•�`" If the P�operty is abandoned by Bvreower,or if,after aotics by Leader to Borrower that the condemnor offera to make an
<br /> ��� "�5�}�'J`'���� award or aottle a claim for daraages. Borrower fails to «spond w Lender w[thin 30 days after the date the aodce ia gtvea,
<br />-''n n�4'aeVy`t,� .
<br />"��"�f� ,�`' Lender is suthorfzed w coAe�t and apply the pioceeds,at i�a option,either w reswration or repair of the Property or to the sums
<br /> " secured by this Sec�uity Insuument.whether or not�hen dre.
<br /> '�1 � Uniess �::ender aad Bomower othenvise agee in writang, any application of pmc�ecds to pr3ncipal sha11 not estend or
<br /> � "� postpone che due date of the montLly p$yments refen�ed to U► puagraphs 1 and 2 or chazige the amount of suc�payments.
<br />�'°���°'�`. 11.Borrower Koi Released;Forbearance By Lend�r Not a Waiver.Extension of the time for payuient or modification
<br />--;,�;.,:�. of amort�ZatIon of the sums seeured by tl�is Securiry Iasrivinent granted by Lender co any successor in interest of Bornower shall
<br /> • � not operate to release the liabiltry of the orlginal Borrower or Borrower's successors in interest.Lender shalR not be requir�d to
<br /> - � • commence proocedings against aay suooessor in iaterest or neflue w extend time for payment or utherwIse madify azaortization
<br />;Ya�.:: :•�• of the sums secured by this SecurIty Instrument by reason of any demand made by the orlgi�al Borrower or Borrower's
<br />��,.•.�,,�'` su�ssors in interest. My forbearance by I.sader in exerctsing any dght ar remo�y shall not be a waiver of or preclude the
<br />'"�`�:�- exercise of�y a�nc or remeay. � _
<br />�'�=�=;--�— i�. S�sece�e+nn n���Bt��sd;3� as�t �t:cxa! Ll�tt3lit�. �E�9.T�1£ z4YCT3EAt. 3IIQ �.�*£�CIIt9 4f LIl�.4 � .
<br /> rr��.. -
<br /> �`�'�"��'�`� Seciuity Instzument shall biad aad be�agflt the succ�son and asaigns of I.ender and Bormw�r, avbject to the pmviaions,of -
<br />�,�,�.;��
<br />-��:=:''`��` paragraph 1�. Borrower's covenanta anci agreem�anta stiall be joixU and several. Auy Borrower who co-sigas ti�iis SeFUtlty .
<br /> --.=�a��:�
<br /> ��=�=�=�:a I�suumern but does aot executc the Notei (a) is co-slgning tlds Secudry Insuvment only to mortgage, grant and convey�.t'hat
<br /> ---�—� ' `8orrower's:interest ia the•Arpperty under the tem�s of tbis'S�1l�tj�l�+C-t"'m�t;(b)is nat personally obligated to pay the sums r
<br /> �''�`��l secured y�y th�s 5ecudry Instrumeat:and(c)agnees tDat Leuder and any other Borrower may agree to extend, modify.forbear or �
<br /> __=r���.] � make any accommodatioas with regard to the tenns di tta�eSewdty Instrument or the Nou wlthout that Borcower's oonsent.
<br />--Y<;�=��1 13.I;oan Charges.If the loaa secured by this Socurity Iastniment is subjoct to a law which sets maximum loan chargea.
<br />==='�'�'•� and that law ia fuially intetp�so that the inte�st or other loan chatges coll�or to be coll�in conntxdon with the
<br />��"���_.� loan exoad the permitted limits,then:(a)any such Ioan�harge shall be reduced by tho amount neassary to teduce the charge
<br />•�.°°,•�" to the permittcd limit:and(b)aay sums already oollected from Bornower�vhich eaceeded permitted limits will be refunded to
<br /> gorcower. Lender may �hoose to malce this reti�nd by roduciug the prlac3pal owed under the Note or by making a direct
<br /> -------- Payment to Bomower. If a nfund reduxs principal, the roducdon will be mated as a paztiai prepaymeni without any
<br />-���■ prepayment cliatge under the Note. •
<br /> -- - 14.Not�tav. Any aotice to Borrower provided for In this Security Insuumeat shall be given by delivering It or by mailIng
<br /> �--•�-:�� it by firat class mail unless applicable law requires use of aaother method.The notice shall be dire�ted to the P�operty Address �
<br />�;:'ur y� or auy► other address Bnrrower designates by nat�tre to Lender. Any nodce W L.ender shall be given by 'fusi class mail w
<br /> ;��,��;���� Leader's address stated herein or any other address I.tnder designates by aotice to Borrower.Any notice pmvided for in this ••.
<br /> �=ti.,��� Secudty Insuvment shall be de.�med ta have been given to Borrower or Lender wh�given as providal in tlus paragraph.
<br /> �'�-�. 1S.Govemtng Law; Severab30�1¢gr. This Securit3'Insuumeat shall be gcrvcrnai by�federcl law and ffie Iaw of the
<br /> �� jurisd{ction in which the Property is loeated. In the event tt�at any provision oT clause of this Security Instsrament or the Note
<br /> -- - -- eonflicts wIt6 applicable law, such contiict shall aat a�eu other provisions of this Secudty Insdument or the Note which can be
<br /> given effect without the confticxing provisioa.To tLls end tt►e prswisions of this Security Insumnent and the Note are declaied
<br />�=:.�na�-.,,ckY� to be sevcrable.
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<br /> ����� 16.Borruwer a Copy.Bomnwer shall be gtvea oae confomae8 eapy of the Note and of ti�is Secudty Insmunent.
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