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<br /> �t the option ui I,ender, if mort�a�e inaurance cover��e (in the amount �nd [or the rperiocf that I,ender requiroe)
<br /> provided by en insurer�ppr�ved by I.ender a�ain becomes�vailable and is obuined.Borrawer eholl pay thn prerniiimR
<br /> requircd to maintein mortQa�c ins�r�nce in eftxt,or to provide s lose re�crvc, until thn reyuircmCnt f�r rnort���o
<br /> insunnco enda in accorciance with�ny written aQreement between Borrower and Lender or appiicehln law,
<br /> 9. lnspection,Lender or ita aQent m�y make rasonable rntrira upon and inapdcti�r►a of the 1'roperty. Ixnder,hall
<br /> eive Sc�rrower notice at the time of or prior ta a�inepection epecifying rosean�ble ause tor the inspecti�m.
<br /> l0.Condemn�tion.The Qroceeds of sny award or claim tor damaRes,diroct or consoquential,in c��nna:tion with
<br /> any condemnation or other Uk�n�of�ny p�rt of the Property,or ior conyoy�nce in lieu ot condemnation,era hereby
<br /> easignedend eha11 be Paid to l,ender.
<br /> In the event ot� total akin�of the Property,the proceeds ahall be�pplied to the eume eecured by this Security
<br /> Instrument�Nhether or not thcn due,with any exceee paid to Borrower.In the event of�partial takin�of tho Pr�perty in
<br /> which the fair m�rket value of the Property immedintely be[ore the takin�is equal to or�rater then the smount of thc
<br /> sumR wxured by this Security Instrument immediately betore the takinQ,unlese BorroNer�nd I.ender otherwise sgroe
<br /> in writing, the aums eecured by thie Security Inetrument eh�ll be reduced by the amount af the proceeda multipliod by
<br /> th� tolloNin�fraction: (a�the total amount ot th�aums secured immodiauly before the uking,divided b3(b)the(air
<br /> market v�lua o[the Property immadiately be[ore the taking. Any balanct stiall be psid to&�r�uwer. ln the cvent oi�
<br /> p�rtiel Utin�of the Property in which the hir market value oi the Property immediatelp beforo the takin�is less than
<br /> the smount ot the aumR r�ecured immediately before the taking,unlesa Borrower a;id Lender otherwise aQroe in writin�
<br /> or unleee applicable law otherwiAe provides, the proceeds Ahal1 be applial to the suma sxured by thi� Security
<br /> Instrument whether or not tho suma are then due.
<br /> If the Property is abandoned by Borcower.or i[, after notice by L.cnder to Borrower that the condemrx�r ottera to
<br /> make an�w�rd or settle� cl�im tor dama�ae, Borro�a fails to respond to L,ender within 30 days after the dato the
<br /> notia is�ivrn, L..-nder is suthorized to collxt and apply the proca�,at its option,dthr to ctistnration or repait of the
<br /> Property or w the sume sxured by this Sxurity Instrument,whether or not then due.
<br /> Unless Lender�nd BorroNer otherwix agree in writing,any application of proceede to principel ehall not e�tend or .
<br /> postpono t�e due date of the monthly ps}�ments referred to in paragraphs 1 and 2 or change the amount ot such
<br /> P�Y menb.
<br /> I 1.Borroaer Not Rele�sed;;�'orbearaace By Lender Not a Waiver. Exfetuion of the time for pnyment or
<br /> moditic+tion at smortization ot.'the aums secured by thia Security Irwtrumont erarst�ed by Lender to sny euccessor in
<br /> intercst ot Borrower shall nat operatc to release the liability of the ar;�inal Bonoiver or Borrower'e succeseore in :��''
<br /> interost.Lender ehall not be roquired to obm'mence proceodinge �eainst any suecer�aor in interoet or reiuee to ertand•;'.`:�:;�':•;,�
<br /> time[or psyment or othaxieo modify amortizttion of the suma eocured by this Security Insuvment by re�ec�7 af�ny '
<br /> dem�nd msde by the ori�insl Borrower or BorroNer's succeseora in inttroec.Any forbearu►co by Lender in a:orci�ing
<br /> my ri�htor romody ehall not bo a Haiva of or�roclude the exetciee 4i•Ony rieht or tenpedy.
<br /> ii.v•�••••�••••••ii�uS�i a�o'Sf^�Tii p'J::T�L��:IIii3��'3�.C.'v1CZL��.i���i�%7'i�CS'o�'�"�}v�-L.�SL 'L.1'l'.'.ii:il�^IIR..'�."y�wS�i.'.Tf�..^ -
<br /> ot tWs 5ecurity Inst�ument slull bind snd benetit the s�icc�re and'sesigne of Lender and Borrower,subject tc�the ',�•�,`.�:
<br /> pravieions ot para�ph 17.BorroNer'a oovenante and a�reements ehall bo joint and eeveral,My BorroMer who ca�ipus ��;,`:• .
<br /> this Security Instrument but doea not execute the Note: (a) in co-eigriin�thia Security Inetrument only to mortp�e., ..�,-. :
<br /> �ant and convey that BorroMer's interaet in the Property under the terme ot thi's Security Instrument;(b1 is nqt .
<br /> paraonally oblipted to py the sums eecurod by thia Security Instrument;and (c)A�reea that Lender�nd.:any athec
<br /> Borrowra m�y a�ree to e:tend,madify,forbar or mako any aaommodRtions with roprd to thc�erma ot thid•'Security .:
<br /> Instrumnt or the Note�rithout tlut BormMar s coneent. � '" .
<br /> 13.Loao C6u�es. lf the lan securod by thia Security Inetrument is eubject to i Is�Mluch seta maaimum lwi► '
<br /> charEs,a�d that law is findly interpe+eted eo that the intorest or other lwn chv�ee volla.-oed or to be oollected in
<br /> oonnection with the Iou�esoeed th�permittod limius.thon: (�) any auch loan char�o ehall br�reduoed by tAo uhount
<br /> neoe�e�ry to reduce the charje to the permitted limit; and (b) any sume alro�dy cdlected trom BOH�ONOt M111CI1
<br /> ecceeded permitted lirr�its w�ill be refundad to Borrower. Lender may choae to m�lce this ro[und by redudn� the
<br /> princip�t owed under the Note or by makin�a direct p�ymant to Borraaor.It a rdund reduc�e principat,the reduction
<br /> rill be tnated as r p�rtial pr�ep�yment Mithr�ut�nY P�'�PrYment ehu�e�n&r the Note. . .
<br /> 14.Notiow.Any noti�e to $orroMer provided tor in thia Security Inatrumeetahdl be�iven by ddiverin�it or by
<br /> mailin�it by tiret cl�ss m�il unlees appliable la� roquiree use ot another method:�3`.lie notioe a1u11 be dira,�t,ed ou tho
<br /> Proper+ty Addreee or any other ddreee BorroMer deei�cutes by r�otice to Lender.At�y;rwtioe to Loader alul l be�ivon by
<br /> firat clas mail to L,ender's addr+ees st�ted ha�ein or any othar addroee[sender deei6nater by notice to Borrow+er. My
<br /> , notia provided tor in thie Security Instrument etull be daemed to lwve'been�iven to Borrowrer'or�Lender Mha�pven
<br /> d provided in thie p�rv�raph. .. � ..,
<br /> IS:.(3overoin�Law;Severability.Thie Security Inrtrument ahell be�overned by foderal law and the-li}w of the
<br /> j�rciedic+.ion in w�hich the Property is located.ln the event that any provieion or clauee d thie Security Inamiment or the
<br /> Note ec�ntlicte rvith�ppliable law,eueh oonflict ehall noc atfect other�itavisione of thia Seeurity lnsttument a the Note ,•
<br /> Mhich c�n be pvon sHect Mithout the oontlictin�provieion.To this e�irl>'the provisio�of thie Socurity Inauumaot snd '�
<br /> the Nota ue declarod to be seversble. '
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