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<br /> payments may no longer bc requlred, at the optlon of I.�nder, if murtgage Insuia�icc coverage(in thc amount and for the Fxriod
<br /> thet I..ender requirca)provl,ded by an insurar approved by Lender again becomes available and is obteined. Borrower shall pay
<br /> the premiums requirod to meintAin mortgage inaurance in effect,or to provide a loss reserve, until thc requirement for mor�gagc
<br /> in�urance ends in accordance with any written ngreement between Borrower and I..ender or applicable law.
<br /> 9.inspection.I.cnder or its egent may m�lce reasonable entri�s upon and inspections of thc Aroperty, L.ender shall givc
<br /> Borrow�r notice at the time of or prior to an inspection apecifying reasonable cause for the inspection,
<br /> 10, Condemruition. The praccals �f any award ur claim for damages, direct or consequentisl, in connection with any
<br /> condemnation or other tuking of any part of the Propeny,or far conveyance in licu of condemnation, are hereby assigned and
<br /> sh�ll be p�id to i..ender.
<br /> In the event of a total taking of the Propeny, the proceeds shall be appiicd to the sums seGured by this Security Instn�mont,
<br /> whether or not then due, w{th any excess paid to Borrower. In the cvent of a panial taking of the Propcny in wliich the fair
<br /> market value of the Property immediately before the taking is equal to or greater then the amount of the sums secured by this
<br /> Sccurity Instrument immediately befure che taking, unless Borrowcr and L.ender otherwise agree in writing, ttu sums secural by
<br /> this Security [nstrument ahall be reducul by Ihe amount of the prceeeds multiplied by the following fraction: (a) the total
<br />- amount of the sums secured immediately before the taking, divided by (b) ttie fair mazket value of the Propeny immediatcly
<br /> befor� the taking. My balance shall be paid ta Borrower. In the event of a panial taking of the Property in which thc fair
<br /> market value of thc Property immediately before thc taking is less than the amount of the sums secured immediately before the
<br />- taking, unles�Borrower and l.ender otherwise agra in writing or unless applicable law otherwise provides, the procecds shall
<br /> be applicd to the sums secur�d by this Security Instrumant whether or not the sums are then dua
<br /> If the Property Is abandoned by Bonower,or if, after notice by Lender to Boaower that the condemnor offers[a make an
<br /> award or settle a clalm for demages, Ronower fails to respond to I.ondcr within 30 days after thc datc the notice is given,
<br /> Lender is authorize.d to collect and apply the proceeds, at its option,eithor to restoration or repair of the Property or tn the sums
<br /> secured by this 5e.cudty Instrument,whether or not then due.
<br /> Unless L,endcr and Borrower otherwise agree in writing, any a}�plication of procceds to principal shall not extend or
<br /> postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Reles�sed;Forbenrance By Lender Not a Weiver. Eatension of the time far psyment or modification
<br /> of unorti�atlon of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not opetate to releau the liability of the original Borcower or Bonower's successors in interest. L.endcr shall nnt be required to
<br /> aommence prcrceodings against any successor in interest or refuse to extend time for payment or otherwise madify amortization
<br /> of the sutns secured by this Security Instrument by reason of any cfemand made by the original Borrowor or Bonower's
<br /> successors in interett. Any forbaarana by L.ender in eaercising any right or remedy shall not be a waivcr of or preclude the
<br /> exercise of any riRht or remedy,
<br /> 12. Suceeseon and Assigns Bound; Joint and Several Liability; Casigners.1'he covenants and agrccmcni� of ti��s
<br /> Security Instrument shall bind and benefit the successors and assigns of Lcnder and Bonower, subject to the provisions of
<br /> paragraph 17. Borrower's wvenants and agroements shall be Joint and several. Any Borrower wl�o co•signs this Security
<br /> Instrument but does not exxute the Note: (a)is co•signing this Security Instn;men[ only to mortgage, grant and convey that
<br /> Borrower's intenst in the Propeny under the terms of this Socurity [nstrument; (b)is not personally obligated to pay the sums
<br /> secured by lhis Secudty Instrumont;and(c) agrees that Lender and any other Bonower may agree[o extend,modify,forbear or
<br /> mako any accommodations with regard to the terms of this Security Inatrument or the Note without that Borrower's consent.
<br /> 13,Loan Cl�nrges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally inte�pnted so that the intenst or other loan charges wllceted or to be collxted in connection with the
<br /> loan excad the permitted limits,then: (a)any s�ch loan charge shall bo raluced by the amount necessary to redua the charge
<br /> to the permitted limit; and(b)any sums already wllected from Borrower which exceeded permitted limits will be refundal to
<br /> Bonower. I.onder may choose to make this refund by reducing the principal owal under the Note or by making a dixect
<br /> payment to Bonower. if a refund roduces principal, the reciuction will be treated as a partl�l prepayment without any
<br /> prepayment charge undor the Note.
<br /> 14.NoNces.Any no[ice to Borrower provided for in this Securlty Instrument sh�ll be given by delivering it or by mailing
<br /> it by first elass mail unless applicable taw requires use of another method, The notice shall be directed tu the Property Addreas
<br /> or any other address Borrower dcsignates Uy notic:e to Leuder. Any noticc ta Lcnder shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designates by noticc. to Borcower. Any notice provided for in this
<br /> Security instrument shall be deemed to have beea given to Bonower or Lender when given as provided in this paragraph.
<br /> 15.Govera�ing Iatw; Severnbl�lty. This Security Instrument shall t+e governvl by federal law and the law of the
<br /> jurisdiction in which the Propeny is located.In the event that any pruvisi9n or clause of this Security Instrument or the Nota
<br />_ con8icts with appllcable law,such conflict sh�ll not affect uther provisions of this Securiry Instrument or the Note which can be
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and ch;,Note are declared
<br /> to be severable.
<br />_ 16.Borrower's Cupy. Borrower shall be given one conformed copy of the Note and of this Security Instrument,
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