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<br /> l at the a tion af l,ender, il"�o t ��coverage (in the amount and 4or the period that Lender requires) +
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<br /> provided by an inaurer approved by I.ender again becomes availabla and is obtained. Borrower shall pay the premiums
<br /> � required to maintain mortgage ineurance in effect, or to provide a loss reserve, until the requirement for mortgage '`_�,
<br /> insurance ende in accordanco with any written agreement between Borrower and Lender or applicable lativ. �__ -
<br /> ^ �. � 9. Inapection.Lender or its agent may make reasonable entri�s upon a�id inapections of the Property.Lender ehall . `'�' -_
<br /> .r.9;_�•�''_--
<br /> �''""'� � give Borrower notice at the time of or prior to an inspection specifying reasonable cause tor the inspection. -. �.� •,�_
<br /> • '°"'' �0. Condemnation.The proceeds of any award or cleim for dameges,dir�et or consequential,tn connection with ,_i�;r`+;_��c���
<br /> ` any condemnation or other taking of sny part of the Property,or for canveyance in liau of condemnation,are hereby _,:•�;�--
<br /> . � assign�d and ehall be paid to Lender. ,,, '�'�_
<br /> � In the ovent of a total taking o4 the Property, the proceeds shall be applied to the sums secured by thia Sceurity _ _
<br /> ;� Instrument,whether nr not then due,with any excess paid w Borrower.In the event of a partial taking of the Property in
<br /> � which tha fair market value of the Property immedistely ixfora the taking is equal to or greater than the amount of the :,;;;`
<br /> �.-.:_:
<br /> •� suma secured by this Security Instrument immediately befora the taking,unle..cs Borrower and L,ender otherwise agree ;��_;w.
<br /> in writing,the sume seci�red by this Security Inatrument ehall be reduced by the amount ot the proceeds multiplied by �:��-
<br /> , � the following iraction:(a) the total amount of the aums secured immediately before the taking,divided by (b)the fair •��+,�°'°
<br /> . � merket value of the Property immediately betore the taking. Any balance shall be paid to Borrower.In the event of a _�
<br /> partial taking of the Property in which the feir mArket value of the Property immediatcly befora the taking is less than
<br /> . �I tha amount of the sume secured immediately before the teking,unless Borrower and Lender otherwise agree in writing ;LL--
<br /> or unlers applicable law otherwiso pruvides, the proceeds ehall be appliecl to the sums secureci by thie S�curity ''_;;_.y
<br /> Inatrument whether or not the sums are then due. `�:�
<br /> If the Property is abandoned by Bonower,or if,after notice by Lender to Bonower that the condemnor offers to _�_,_
<br /> � make an award or settle a claim for damages, Borrower fails to respond to I,ender within 30 days after the dato the �=;�,—_^�
<br /> notice ia given,l.ender is authorized to collxt and apply the proceeds,at ita option,either to restoration or repair of the ,,��..
<br /> � Property or to the aume sceured by this Security Instrument,whother or not then due. �•�;�:�
<br /> `Jnless Ltnder and Borcower otherwise agree in writing,any application of proceeds to principal shall not extend or ��,���
<br /> postpone the due datc of the monthly paymenta eeferred to in paragraphe 1 and 2 or change the amount of such _`�"_--_
<br /> � paymenta. � "
<br /> 11. Borrower Not Released; Forbcaranco Hy Lender Not a Waiver. Fxtension of the time for payment or ��_� _
<br /> i r,zodifisation of am.�r:iz:tion at ihe�ums reeured �y ihis Securiry 1nAtrument eranted bv Lender to any auccessor in �;�,,,,�-
<br /> interest oi Borrower ehall not uperate to release the liability of the original Borrower or Borrower's successore in — _
<br /> �� interest.L,ender shall not be required to commence proceedings against any successar in intarest or refuae to extend -
<br /> .�' time for payment or otherwisa modifiy amortization of the sums secuced by this Security Inetrument by reason of sny �_
<br /> � demand mada by the original Aorrower or Borrower's successors in interest.Any forbearance by Lender in exercising _
<br /> any right ar remedy shall not be a waiver of or preclude the axercise of any right or remedy.
<br /> 12.Successor�s +�ad Assigna Bound; Joint and Several Liabillty;Co-signers.The covenants and agreements _
<br /> � of this Security Inetrument shall bind and benefit the successors and assigns of Lender and Borrower,suhject to the _
<br /> ��• provisions of paragraph 17,Borrower's covenants end agreamenta ahall be joint and several.Any Borrower who co-signs _ _
<br /> w this Sxurity Inetrument but does not oxecute tha Note: (a) ie co-eigning this Sccurity Inatrument only to mortgage, _
<br /> �' grant and convey that Boaower's interest in the Property under the terms of this Security Instrument; (b) is not —T ^
<br /> personally obligated to gay the sums secured by this Security Instrumant;and (c) agrees that I.ender and any uthet -
<br /> �• Honower may agree to extend,madify,forbear or make any accommodations with regard to the terms of this Security -
<br /> � Instrument or the Note without that Borrower's consent. _-
<br /> ;i 13. Loan Char�es. It the loan secured by this Security Instrument is subject to a law which sets mnximum loan _---
<br /> cherges, and that law is fint►lly interpreted so that the interest or other loan charges collectecl or to ba collected in �
<br /> � connection with the loan exceed the permitted limits, then: (a) any such loan charge ehall be r�duced by the rsmount =...
<br /> necessary to reduce the charge to tha permitted limit; and (b) any sums already collxted trom Aonower which ::_
<br /> � excer,cied permitted lirnits wiU he refunded to BorroAer. Lendcr may choose to meke this refund by reducing the --_
<br /> , principal owed under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction �
<br />-- C will be treated as a artial re a ment without an re ayment charge under the Note. �': f �
<br /> , , �, P P P Y Y P P __ _--
<br /> 14. Noticos.Any natice to Borrower provided for in this Security Instrument s ha l l b e given by de livering i t or b y
<br /> mailing it by first cless meil unless applicabla lew requires use of another method. The notice shall be dicected to the �,���=-
<br /> Property Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given by ��_---__
<br /> first class mail to I,ender's address �stated herein or any other addres5 Lender designetes by notice to Borrower. Any -
<br /> notice provided for in this Security Instrument shall be deemed to have been given to Borcower or I,ender when given � --__--_
<br /> as provided in this paragraph. _ _:�-;-�._
<br /> 15. Governing Law;Soverability.This Security Instrument shall be governed by federal law and the law of the `�'��-_---__r'
<br /> jurisdiction in which the Property is locuted.In the event that eny provision or clause of this Security Instrument or the „n �=
<br /> Note conflicts with applicable law,such conflict ehall not affect other provisions of this Security Instrument or the Note ' . ,., _
<br /> which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and • . �''�:
<br /> the Note are declared to be severable. .
<br /> Form 902Y�9/�0/
<br /> �-6RINE1�9:�2�0, v�o. 4 0�a �n�t�e�e: /f/l'�
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