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� . . �' . ,-..r,�� ;:«,��. .q 96�- �I p�yment�m�y no la�er be roquirod, at the up�ion of Lender, if mon�a�e inaur�ixc cuveru�{o(in �he anxwnt��ni�fio�r�i�od th�t L.axfer roqulra)PwvWai by rn inrurer rppruvai by l.rncier a�ain bcc�umes nvril�ble wxl I� ubt�ineecl. Burruwcr uhall psY Ihe premlums roquired lo mainlain nxm��e Insure�ce in effect,nr ti�pmvide e Invs rc�erve,undl Ihe rcyuiroment for mortgsge in�wnnoe rnds in�ccordance with u►y wriuGn��reement bnwan Born�wer wrnl l.enckr ur Applicable law. !. Irop�ctbn. I.ender ar i�K a�cnt nwy nwke rearumeble entrirs u�xm and ins�tion9 of thc Praperty. Lencier xhall Rive Hurrower nwia at the time af or prior to�n i�upe�Klon xpec{fyin�re�nable c�uue ior�he in�pation. 10. Condemwtlon. The pnxeaix uf any �wrnl ur rlaim lor JamugeA, Jircct ar ainscyuen�iai, in cunr►ection with any co�ticx�or�xt�er takir�af rny port uF�t�e Propeny,or for cnnveyance in lieu uf coixlemnation, �re hereby avei�nai and siWl be p�id to Lender. in ths event uf a tMal t�lcin�of tt►C Property, the proceecis shall be applia!to the sums secure�i by ihis Security Instrument, whether or not then due, with any excaa p�id to Aorrower. In the event of n putial �aking of the Pmpeny in which the fr�ir muket valuo of the Propeny immedi�tely beforc the tYking it eyual to or grcatcr Ihon the enxwnt of the Eums socurod by this Socurity Inatrument immediately lxfore the taking, unless&�nowcr and Lendcr utherwise agrcc in writing,the sums.recured by thi: Security Instrument shall be reducod by the �mount of tlx prc�avdx multiplial by the following fraction: (a) the toql amount of the sums socurcd immedirtely beforc the taking, divided by (b) Ihe fair market value uf the Property immodietely boforo the takin�. Any balanca ahall be paid �o Borrower. In the event of a pxrtial �uking of the Pmperty in which the fair rnark�vdue oF the PropeKy immediately beforc the taking is less than the xnwunt of the sums securod immodiately before the taking, unlas Borrower and Lender otherwise egra in writing or unless appiicable law othcrwise provides, the pra:ads shall be applied to the wma sKCUrod by this Security Instrumcnt whether�r ixx the sums are then dua. If the Prnpeny i�ahanctonod hy &►rmwer,nr if, aRer notice by I.�r�der to Bormwer that the cordemmr offera to malce an awud or aettle� cldm for dama�a, Borrower fiils to rcspond to Lender within 30 d�ys afler the date the rotia is �iven, [.enAer i�authorized to oollect snd�pply the prooeeda,at its option, either to ratorotion or ropair of the Property or to the wme secured by this Security Instrument,whether or e►ot dun due. Unleac L.ender and Borrower otherwise agroe in writing. u�y �pplicuion of prooeods to principai slWl na extad or postpone the due dale of the moothly psryments referred to in paragraphs 1 and 2 or change the wnount oY such p�yrnnet�. 11.Bore�ower Nd Reie�ed;Forbairance By Lender Not�Wdver.Factenaion of the time for p�ymed or modification of amorii�tion of the sums secured by this Securiry Instrument granted by Ltnder to any successor in interest of Borrowor ehall not opentc to rclr.ase tho liability of the original Borrower or Borrower's sucressors in interest. Lender shall not be required to oomrtKnoe pr0000dinga against sny sucassor in intercst or rcfuse ro eztend time for payment or otherwise modify amortiruion of the wma eecurod by this Sa:urity lnstrument by rrucon of�ny demend made by ihe original Borrower or Borrower'� sua�aao�s in inter�st. Am forbearar�ce bv Lender in exercisinR anv riRht or remody shall nc►t be a wuiver of or pr�eslude the exerciae of�ny dght or remod�. 12. 3�ooea�ors and A�� Bo�nd; Jdat and Sevasl Li�WUty; Co-al�nrrs. The ooverwnts ud a�rcemenu of this Sec:utity Imarumau �hall bind u�d benefit the succeagora and auigna of Lender and Bortower, subject to the provisionc of par�r�ph 1�". Borrower's covemnts ud agreanents sh�ll be joint and several. Any Borrower who oo-sigr�a thia Security lrotrutnait but does not execute the Note: (e) is co-signing this Security Instrument only to moRgage, grant and comey thtl �rrower's interest in the Pmperty under the temu of this Security Inctrument: (b)is�vx persaially obligatad to pay the wm� eecured by this Securiry Irntnima�t:ad(c)�greea that I.ender end any other Borrower may agree to extend, modify,forbe��or m�ke any�000nunodationa with regard ro the trnns of thia Securiry instrument or the Note without that Bomow�u's oon�K. 13.I.o�n CA�Ra. If the loan savred by this Securiry lnstruma�t is subject to a Iaw which sets muimum lan ch�rtd, 'und that law�is fin�lly iMeryretod so that the interest or aher loan chuges oollected or to be oollected in aoroeaioa wid�the •M�n eaoeed the pemtitted limits,then: (a)any such loan charge shall be rcducoci by the amouM neaasuy to reduoe the clrrse to the pmniued limit;atd(b)any Rutns alrady collectod from Borrower which exoeeckd permittad limits will be retunded w Horrower. l.eoder enNy chowe ro malce thia refund by cedueing the prineipd owod urder the �Ia1e of'1�,�ni • direet paYma�t w �orrower. If a refwd reduces principal, tiK°reduction will be treated��s a putW prep�ymeot widiout any pTep�yataN cfyr�e under the Nate. , 14.Netla�.Any notice t�Borrower provided for in this Security ImUtiment shrll be given by ddivarin�it or•by tmilit� it by fiM claes mail unlese applicable Irw requires iue'of uiother method. The nWia stull be dire+�.qed to the Property Addn�n or any otha sddras Borrower designates by notia to I.urier. Any notia to L.erder sh�ll bc,�ivm by fint cLea mW 'ia I.erder'c addrea stated htnin or�ny ottKr sddreaa Lerder deaignwcea by notia to Bonower.�Ai�,y notia provMed for iqtF�u S�urity Inaruma�t dull be deemoc!to havc ban given to Borrower or Lader whu►,given�s pMvided in this pora�nph. . 1S.Covenlnr 4w; SevenblNty. This Searaty InstrumerN shall be govornod by faderal law aad the law of the ' jiuisdiction in which the Prope�ty is IoGftod. In the evedt that any provision ur clause of thi�SCCUrity Inetrument or the,Note rnnflicts wiih�.applicable law,such conflict shall not affect other pmvisions of thi�Securiry Ir�trument or the Note which an tie given etfect without the contlicting provision.To this end the provisions of this Securiry Instrument and the Notc aro docliutid w be uverabk. � . , lf.Sanvwa�'�Co�y.Bo�rower shall be�iven one oonforn�ed oopy of the lVote ud of this 5ecuriry Inatnunent. � , �aor� s�o � �.o.4wa• ' • .