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� ..,"`.'"�.'�..: __ __ _ _ _ _— _. ,V.� .+re.ipv..a. '�i.. _ °-- pMymentR rn�y nn Ictin�er be requirai,at the option of Lerxkr, if nx�rtg�►g�inzuruncc covcrugc(in thc�i�u anjil�r Ihe pericxl lh�t L.e�xler royulrexl providal by sn insurcr uppruvc�l by Lender ay��in beconx.r• uv�ilahle arxi is i►b�Ainal. �rmwcr shall ps�y �he prcmiunt�rr,yuiral w maint�in mortgage insurance itt effec:t,or t�pravidc u I<�xs rc.scrvc,until�hc rcquircment for monQaQn i�isuratt:e cnds in�c:roniance with any wriuen Agreement t�elween Bc�rrower arxl l.��xler or upplicuble law•. 9.Irupecllon. Lender or its agent may make re+i.�n�krle entries u�x�n arxi in+�xxtion�of the 4'roperty. Ltncler shall give Bc�nower ncuice at the lime of or prior to an inspection specifying reasonable e•ruse for thc inspc:clion. 10. Corwle�n�Non. Tix procaJ� of any award or claim for Junages, Jirect or conseyuential, in connection with any candcmnation or nther taking of any pnrt of thc Property, ar for convcyuncc in lieu uf eonJemnution, ure hcrehy asxignnl uixl slwll be preid w Lender. In the event of a total taking of tht P►operty, the prc>cac6s shalt be applied ta the sums secural by this Security Instnmxnt, whether or not then due. with uny axcecx paid to Bormwer. In the event of a partiul �s�lcing of the Propeny in which tlie fair r►u�rket value o[the Pmperty immediately before the�eking is equal to or grcater than thc�mount of thc sums sccured by this Security Irutrumene immaliately t►efore the�aking. unl�ss Borruwer and I.snder othenvisc ugree in writing,the wm.r•securod by this Security Ins�rument shall be recluced by the amount of the pmcoods multiplied by the following fractiun: (a) the tat�l Amount of the sums sxural immediately beforc the taking,divldai by (b) the fair market value of the Property i►nmaii�tely befare the taking. Any balsnce shall be peid to Borrower. In the event of a partial taking of the Pmperty in w�hich 1he fair market valuc of the Property immodiately beforc the taking is less than tt�e amount of thc sums securai immaiiately before the taking, unless Borcower and t.ender otherwise agrce in writing or un�ess Applicable law otherwise provid�.a, the proceods studl be appliat to the sums secured by this Security instrument whether or not the�ums are then due. lf the PropeRy is abanduned by Borrower,or if,efter notia by Lender to Bormwer th�t the condemnor ofkrs to m�lce an awud or �etde a claim for damages, Borrower fails to respond ta Lender within 30 days aRer the dAte the mtia ia yiven, L.endcr is authorized to colloct ard apply the procoods,at its option, either to restoration or rcpair of thc Property or to the sums xcured by this Security Instn►ment,whether or not then due. Unl�ss Lender uid Borrower otherwise agree in writing, eny application of proc,�ads to principal shall not extend or postpone the due date of the monthly payments rcferrod to in paragraphs 1 u�d 2 or change the sir�wunt af such p�yments. 11.Borroecr Not Itelcnaed;Forbe�rance By Lender Nat a Waiva. Eztension of rhe[ime for payment or modification of�mortization of the sums secured by this Security Tnstrument grantcd by Lender to any successor in intereat of Bortower aiull �wt openite to release Ihe liability of the original Borrower or Borrower's succcssors in intercst. L.ender shAll not be required to rnmmence procaedings against any surcessor in intarest or refuse to eztend time for payment or otherwise modify amortization of the surru sscurod by this Socurit�� Instrument by reason of any dern�nd made by the original Borrower or Borrow�r's eu�ors in intaeat. Any forbeaniice by I.ender in exercising any right or remody shull not be a wtiver of or prec7ude the exercise of any xiRht or remody. 12. S�ocemors�nd Mslgne Bouad; .lolnt and Several LlaMllty;Co-signers. The covenantn and agreements of thia Sxuriry instrument shall bind and benefit the successors u�d assigns of Lender and Aorrower, subject to the provisions of p�agnph 17. Bomower's mvenants and agroements shall be joint and severel. Any Borrower who oo-signs this Secvrity Inetrumau but does not exxute the Note: (a) is co-signing this Security instrument only to mortgage, grant and convry that Borrower's interat in the Pnoperty under the terms of this Security Instcument;(b)is not personelly obligated to�ay the uura � a�xurod by this Securiry Instrumenr end(c)agrees ttut Lender and any other Borrower may agroe to eXtend,modify,forbeu or ' � m�lce a�p aoo��mx�duions with cegiud to the terms of this Securiry Instrument or the Note wilhout that Borrower's consent. 13.La�n CMwrtts. If tlie loen.securod by thia Security Inatruma�t is subject to a lAw•which saa maximum lan ch�rga, a�d tfut la�is finally intetpreted,�a:dtat the inte�tat or cHher lown ehnrges c;ollected or to be ealleeted in eonnection with the . !wn exoeed th�permittod,limits,then: (a)rny such loan charge shall h� raduced by tht amount neoessuy to raduue the clwr�e � w the permitted limit;and(b)any,sums already collxtai frorn Borrower which exaad4d perntitted limits will be�+efurded to 8orr+ower. Leada rn�y choose to.m�ke this refund by reducing the prircipal owed under the Note or by makia� a dirocx p�Ymrnt to Borrower. If a refunil reduas princip�l, the rod'uction will be treated es a �r�CtiiJ P[ep{yinenc without any Prepayment charee undcr the NaC.' `� • 14.Noticea.Any nolice to Borrower pmvidod for in this Security Instrument shall be given by deliyering it or by m�ilir►� it by fitst cl�as m�il unlesa spplicable law roquires use of anothcr methad.Tht no[ia shall be diroctal io the Property Addreas ' or any other wddress Borrower designates by notice to Ltnder,.,Any notict to I.ender shall be given by fint class mail to • Lender's addreas stated hercin or any other adciress Lenc�er d�signates by notice to Bocrower. Any notice providod for in thia Securiry Inrtrumrnt sh�ll be damed to h+rve ban given to Borrower or Lender when given as providod in this puagnph. 1.5.Coverd� I.aw; Severabl0ty. Thic Security lnstrument shall be �overneci by fakrsd law �u�d the law of the jurisdictan in which the Property is located. �n the event that any provision�.at.clause of this Socurity Tnsiiumeat or the Ncxe oonQicts with a�plicable law, such oonflict shs►II not affact other provisiona of'this Security Instrument or�he Note wdich can he giveii eiiect without the c�ontlicting provision. To this end the provisions of this Security Instrument and the Note arc dcclared to be xverable. � lf.Bun�ower'a Copy. Borrower shall be given une confomiai wpy of the Note and of this Security Instrument. ro.m aoxs sno ►q�aofe . ' • •