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<br /> payments may no lon6er be required,at the option of i..ender, if mortgago insurance coverage(in the umount anci for thc peciod
<br /> that l..ender r�quires)pruvided by an insurer approved by Lender again becames nvuilable und is obinined. Borrower sl�all p�y
<br /> the premiumc requiral to maintsin mortgage insurance in effect,or to provide a loss reserve,until the requirenxnt for mortgage
<br /> insurance eixls in nccordance with any written agrcement betwcen Borrower aixl Lcnder or applicuble Ikw.
<br /> g, Inapectiorr.l.ender or it�agtnt mAy mnke re�sonabie entries upon nnd inspections of thc Property.l.ender tihnll give
<br /> Borrower notice at tl�e time nf ur prior to an inspection specifying reasonnbic cause for the inspection.
<br /> 10. Condemn�llon. The pr�xads of any award or cluim for dumages, direct or consequential. in comiectian with �ny
<br /> condemnation �r other taking of any pnrt of the Property,or for conveyance in lieu of condemnation, ure hereby assigned and
<br /> shall be paid to Lender.
<br /> In the avent of u totel taking of the Pmperty,the proceecis shall b�nppliecl to the sums securdci by this Secueity Instntment,
<br /> whether or not then duc, with any oxcess paid to Borrower. In thc evr.nt of a partial taking of thc Property in which the fair
<br /> market valuc of tli�Property immediately before the taking is equel[o ur greuter than thc amount of the sums securect by this
<br /> 5ccurity Instrument immediately before the taking,unless Borrower and I..ender otherwise agrce in writing, the sums secured by
<br /> this Securi►y Instrument shall be reduced by the amount af the proceeds multiplied by the following fraction: (a) the total
<br /> amount of the sums secured immediately bc:fore the taking, divided by(b)the fair market value of tlie Property immcdiatcly
<br /> befare the taking. Any balance shaU be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> markct value of tha Property immediately before the G�king is Iess than thc amount of the sums secured immediatrly before the
<br /> taking, unless Borrower 1nd I.ender othenvise agree in writing or unless applicable law othenvise provides,the proceals shall
<br /> be applied to the sums secured by this Security Instrument whcther ar not the sums are then duc.
<br /> lf tha Property is abandoned by Borrower,or if, after notice by Lender to Borrower that the condemnor offers to make an
<br /> awarJ ur setcle a claim for dams+ges. Borrower fails to respond to Lender within 30 days ufter the date the notice is given,
<br /> Lender is suthorized to collect a�d apply the proceeds, at its option,either to restoration or repair of the Property or to the sums
<br /> securod by this Security Instrument,whether or not then due.
<br /> Unless I.ender and Borrower otherwise ngree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due dete of the monthly payments referted to in paragrnphs 1 and 2 or charige the amou��t of such payments.
<br /> 1!.Borrower Not ReleASed;Forl�rs�nce By Lender Not a Walver.Extcnsion of the timr.for payment or modification
<br /> of amortization of the sums secured by this Security Instntment granted by Lcnder to any successor in interest of Borrower shall
<br /> not opernte to release the liability of the original Barcower or I3onower's successors in interest. L,ender shall not be required to
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or utherwise modify amorciuttion
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> successors in inte�rst. Any forbearance by L.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> vX�tCi�O��f2}'lehr 4T T�Srii'�;.
<br /> 12. Succ�s.sors and Asslg�u Bound; Jotnt and Severnl Lisbillty;Co-signers. The covenants and agramencs oi ini�
<br /> Security Instrument shall bind a»d benefit the successors and assigns of Lender and Barrower, subject to the provisions of
<br /> paragraph 17. Bortower's covenants and agreements shall be joint and several. Any Borrower wha co•signs this Security
<br /> Instrument but does not execute the Note: (a) is co-signing this Security lnstrumettt only to mortgage, grant and convey that
<br /> Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligatai to pay the sums
<br /> secured by tbis Security Instrument; and(c)agrees that I.ender and any otlur Borrower mxy agree to extend,modify,forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.I.ostn Ctwrges. If the loan secured by this Sxurity Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges coUxted or to be collected in connoction with the
<br /> loan excced the permittal limits,then: (a) any such loan charge shall be raluced by the amount necessary to reduce the charge
<br /> to tbe permitted limit;and(b) any sums alreEdy collected from Borrower which exceeded permitted limits will be refunded to
<br /> Bonow�r. Lender may choose to make this refund by reducing the principal owed under the N�te or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as u purtial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.Notlas.Any notice to Borrower providal for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first cluss mail unless applicable law requires use of another method.Tlie notice stvill be directed to th� Propercy AJdrcss
<br /> or any other address Borrower designates by notice to Lender. Any notice to L.ender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument shell be deemed to have been given to Borrower or L.ender when givtn as provided in this paragraph.
<br /> 15.G�verning Law; Severabillty. 1'his Security Instrument shall be governed by federal law snd the law of the
<br /> jurisdiction in wliich the Property is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> given effect without the conflicting provision. To this end the provisions of this Securi�y Instrument and the Nota�re declared
<br /> to be severable.
<br /> 16.Bom►wer's Cupy.Borrowcr shall be given aie confornied copy of thc Note and of this Security lnstrumcnt.
<br /> Form 30x8 9/00
<br /> Pge 4 ot 8
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