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<br /> __ - puyments muy no longcr bc rcquircd, at thc aption c�f L.cndcr,if mortgugc insuruncc�c�crngc(in thc amount und tirr thc period
<br />='��:s�`• that I.endcr rcquires)providcd by an insurcr upprovcd by I...cndcr uguin bccomcs uviiilablc und is obtaincd, Borrowcr shall puy
<br /> - ��.
<br /> � , thc praniums rcquired to mafntuin monguge insurancc in cf'fect,ar to providc n loss reservc. until thc requiremcnt fur mortgugc
<br /> `.�� insurance ends in accordunce with any written ugreement between Horrower und I,enJer or appliruble law_ ;
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<br /> -==- - � 9. InspecNon. L.ender or its agent may make reasanable entrics upon and inspections of thc Property. l.,i:nder shuU give
<br /> .�:-�:''• .�� Borrower notice ut thc timr.af or prior to un inspectian spccifying reusonuble cause for the intipection. '.
<br />-''?�'''•'�i� 10. CandemnAtion. The praceeds of any award or daim far dumnges, direct or ennsequcntial, in connection witl�any ;
<br /> �� condcmnatian or athcr cuking of any part of thc Property, or far canveyance in lieu af condcmnation,are hcreby assigned nnd �
<br /> shall be paid to Lender.
<br /> ��1� In the event of a total taking of thc Property,the proceeds shall be applied to the sums secured by this Sccurity Instrument,
<br /> :,4.�': `.; whether or not then due, with uny excess paid to Borrower. In the event of a partial taking of the Property in which the fair
<br />:v'Y,1.` `'-' market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this
<br /> ���-'�`� %�'� Security lnstrument immediately before the taking, unless Bonower and I.ender atherwise ngree in writing,the sums secured by
<br /> ._��..
<br /> _d"��.:, this Security Insttument shaU be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total
<br />:�:.',.'�'�",' nmount of the sums secured immediately beforc the taking, divided by (b) the fair market value of the Property immediately
<br /> . ��• ` • before the takins. Any baluncc shaU be paid to Borrower. In the event of a partial takin� of the Property in which the fair
<br /> ;° °• � market vulue of the Property immediatcly before the taking is less than thc amount of tlie sums securcd immediatcly before the
<br /> _��„�,;;;';.• '
<br /> �`"'• � taking, unless Borrower and L.ender otherwise agree in writing ar unless applicable law othenvise provides, the praceeds shall
<br /> ���"�;��.:�`'` be npplied to the sums secured by this Security Instrument whether or not the sums ure then due. -
<br /> '�`�' ''�i' If the Property is abandoned by Horcower,or if,after notice by I.ender to Borrower that the condemnor offers to make an
<br />��':�_.1r��j��:F:�` .
<br /> nwarcl ar settle u claim fo�damages, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> :� Lender is authorized to callect and apply the proceeds,at its option, either to restoration or repuir of the Property or to the sums
<br /> � � "' secured by this Security Instrument,whether or not then due.
<br />_-�:��k=l d
<br />=�„k�?i Unless Lender and Borcower otherwise agree in writing, any application of procceds to principal shall not extend or
<br /> _ -'"' postpone the due date af the monthly pnyments rcferred to in paragraphs 1 and 2 or chunge the umount of such puymcnts.
<br /> '��'R�� 11.Borrower Not Released;Fort�earance By Lender Not a Watvea Extension of the time for paymcnt or modification
<br />'�;�r� nf amortizntion uf the,ums secured by this Security Instrument granted by Lender to any successor in interest of Borrawer shull
<br /> . : i.�..
<br /> �r=��,=� not operate to rclease the liability of thc original Borro�ver ar Borrower's successors in interest. [..cnder shall not bc rcquircd to
<br />°'°S''�-'�� cornmcnce rocceciin�s u ,i�ntit an tiuccctisor in interest or refusc to cxtcnd time for a mcnt or otherwise mociif amortizution
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<br /> .�--°-m,—=---� nF Ih� �:umc cec��md hv thic Cr�iirity In�tn�inrnt h; CC:lS�tl Of 2!]y i�Cllt1!?�.� !i!,r C ti� I�:: 4[l0lll�! &�I'TOlYi'! �?T BL�TlQWCl�S
<br /> -�==�-1ar�� suceessors in interest. Any forbearance by I.ender in exercisin�any right or re;neciy shall not be u wniver of or preclude tUc
<br /> ���
<br /> ___.,•-;F� exerdse of any right or remedy.
<br />—""'��'�� l2. Successorq and Aissigns Bound; .lolnt and Several I,iabtlity; Co•signers. Thc covenanu and ngrecmcnts of this
<br /> ° _=—=- Securily Gt�Uumeiri sl►ull binJ anJ beneGt Ait �uccessors und ussi�;ns of Lender and Borrower, subject to the provisivns of
<br /> -._.��'v� pnragraph 17. Borrawer's cavenants and agreements shall be joint and several. Any Borrower who co-signs this Securiry
<br /> _���:;;,,p� Instmment but does not execute the Note: (a) is co-signing this Security Instrument only to moiKgage, grant and convey that
<br />_ _,z;�= Borrower's interest in the Property under d�e tcrms of this Security Instrument; (b) is not personally obligated to pay the sums
<br /> -;;4,a:� secarcd by this Security instrumenr and(c)ugrees thut L.ender nnd any other Borrawer may agree to extend,modify, forbear or
<br /> _-=-�-'�� make any accommodations with regard to the tGrms of this Sec:urity Instrument or the Note without that Borrower's consent.
<br /> ___�_�� 13.Lonn Chnrges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> ---=��� ana that luw is finally interpreted so that the interest or other loan charges collected or to be collccted in connection with the
<br /> ,,,,�,,,.,,.,,�• loan exceed the permitted limits, then: (uj uny such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> -_,;,�� to the pennitted limit; and (b) any sums ulready collecteci from Borrower which exceeded permitted limits will be refunded to
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