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<br /> ' menta ma no longer be required,at the opdon of Lcnder,if mortgage lnsurauce covetage(in che azno�un Bo�owtr shAll pay F���'
<br /> pay Y — ---._
<br /> that 1..ender requires)pravided by an insurtr approved by Lender ag�in becomes available and is ob �>�,�,
<br /> ' die premlums required to maintain mortgage insurance in effect,or to provide a loss reserve,uatil the requirement for moagage
<br /> ituurai�ends in accnrdance with any written agreement between Borcuwer and I.ender ar applicable law.
<br /> ; g, In�p�t�uq, Lender ar its agent n�ay make reasonable entries upon and i��si�ections of the Prc�perty. Ixnder shall give
<br /> ' Borrower n�tice at the time of or priar to an fnspecdon specifying reasonable cause for the inspecdon.
<br /> . i0. Condemnatton.Th of an ee xrt of the Prapeny, or iforf conv ylaance�in ilieut of caademnadan, are hereby sig d ancl :'
<br /> I condemnadon or other taldng y p
<br /> shall l�e puid to Leader.
<br /> ��. + In the event of a toutl takin8 af the Prapeny,the praceeds shall be applied to the sums secured by d�iy Sec:uriry Ii�stnunent, --
<br /> ..,s•; whether ar not then due,witli anY eacexs paid to Hoaower. In the event of a partial taidng of the Property in wtuch the fair
<br /> . warket value of the Property immed�atety before the taking is equal to�r greater thun tlio amount of the swns secured by tbis
<br /> Security instrument itnmedlately before the taking,unless Bonower and Lender otherwtse agree in wrldng.the sums secured by
<br /> ^ this Security Ii�suument shall be reduced by the amount of the praceeds multiplied by the following fracdon: (a) the total
<br /> y a�nount of the siuns secured immediately before the taldng, divided by (b) che fair market value of the Property immedlately
<br /> before the taking. AnY balance 5hall be paid to Honower. In the event of a partial cakin8 of the Property in whi�b the fair
<br /> � market value of the Properry immediately before the cakin8 is less than the umouat of the sums secured im�nediatety before the
<br /> taking, unless Hoaower and L.ender otherwise agree ia wtidng or unless applicable law otherwlse provides, the proceeds sball
<br /> he applied to tl�e sums secured by tLis Security Instniment whether or not the sums are then due.
<br /> If the Propecty Is abandoned by Bonower.or if,after notice by Leuder to Barrower that the condem�or offers to make az►
<br /> � award or settle a claim for damages, Bonower fails to respond co Lender witbin 30 days after the date the nodce is given,
<br /> Lxnder is authorized ro wllect aud apply the proceeds,at its opdon,either to resroradon or repair of the Property or to the sums
<br /> �' secured by tius Securlty Instrument,wl�ther or not then duE. �i�aon of roceeds to principal shall not extend or
<br /> Unless Lender and Borrawer otherwise agree in wridng, anY apP P
<br /> ,;� postpone the due date of the monihly paymenGS refei�red to in paragraphs 1 and 2 or change the amount of such payments•
<br /> 11.Bonower Not Released;Forbearance BY Lender N°t a Wal�u'• �x��ion of the time for payment or modification
<br /> of amortizadon of the swns secured by t}us Security Instrument granted by Lender to any successor in itttetest of Borrower shxll
<br /> , ��• not operace co release the liability of the original Borrower or Honower's successors in interest. Lender s1�a11 not be reclu��°
<br /> comruence proceeclings againsc any suecessor in incecest or refuse to extend tuae for paymettt or otherwlse modifY amord�adoa
<br /> � of the sums secured by this Securiry Iastrument by reason of any demand made by the original Borrower or Bonower's
<br /> successors in interest. Any forbearance by L.euder in exercising any right or remedy sLall aot be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> - -- — ii. �uccesso�n ���a +�}k� ���� 1�l�'t �ntl Gveral Liabilityi Co�Signers. The covenants and agreements of thls
<br /> gecurity Insuument shall bind and benefit the successors and assigns of I.ender and Borrower, subject w the provision�oi
<br /> paragraph 17. Bonower's covenants and agreements shall be jaini and sevecal. Any Bonower who co-s t��ve that
<br /> Ins m i m e n t b u t d ce s n o t e xecute the Note: (a)is w•signing this Securiry Insuument only to mortgage, gran Y
<br /> Honower's interest in the Propeny uader the terms of tlus Security Insuument(b)is not I�crso n a l ly o b l lga t e d t o p a y t h e s u m s
<br /> secured by this Security Instr�ment;and(c)agrees that Lender and any other Bonower may egree to extend,modify,forbear ar
<br /> make any accommodaduns with regard to the terms of tl�is Security Instrument or the Note wlthout that Bonower's consent.
<br /> � 13.Loan Ctwrgcs.If the loan secured by ttils Security Instrument is subject to a law which sets maximum loau chatges,
<br /> �' and that law is finaUy interpreted so that the interest or other loan charges callected or to be collected in con�ecdon with the
<br /> loan exceed the pemiitted limics, then: (a) any such loan charge shall bc reduced by the unount necessary to redace t1►e ctwrge
<br /> to tbe pem�itted limit;and(b) anY sums already collected from Borruwer w}ilch exceeded permitted limits wtll be refundal to
<br /> Borrower. Lender may choose to make ttris refund by reducing the principal owed under the Note or by maldn8 a dinct
<br /> payment to Bonower. If a refund reduces princips�l, the reducaon will be ueated as a partial prepaym�nt wlthout any
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any nodce to Borrower pravided for in this Security Insuument shall be given by delivering it or by mailing
<br /> ,, it by first class mail unless applicable law requires use of another method. The nodce s6a11 be directed w the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender st�all be given by first class mail to
<br /> � ,g;�. Leader's address stated herein or any other address Lender designaces by nodce co Borrower. Any nodce provided for in ttus
<br />_' ,� Securlty Insuument shall be deemed to have been�iven to Bonower or Lender when given as provided in tl�is paragraph•
<br /> � 1S.Governing Law; Severabiltty. This Security Insmiment shall be goverued by federal law and the law of the
<br /> - jurisdicdon in wluch the Propeny is located. In t�e event that any provision or clause of this Security Instnunent or the Note
<br /> • ; conflicts wlth applicable law, such conflict shall not affect other provisions of this Security Instnuneut or the Note which can be
<br /> � given effect without the conflicdng provision,To this end the provisions of this Security Insuument and the Note are declared
<br /> . r co be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instn�ment.
<br /> ' . Form 30 �
<br /> � P�g�4 0l 8 INtI .
<br /> ��BAlNE1�es�si.os •
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