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<br />:°u��,� p�yments may no longer be requlred, at the opdon of Lendcr, if mortgage insurance caveragc (i»[he amount nnd for thc period
<br />�•�';" that Lender requires)provided by an insurer appravtd by l.ender again becomes availsble and is obtained. Borrower shall pay
<br /> - �'}�
<br /> -_ - the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve, until the requirement for mongagc
<br />.,y'.;:q=�,; - insurance ends in accordance with any written agree►nent between IIorrower and Lendcr or applicable law.
<br /> �•• 9. Inspection. l,�nder or its agant rnay make reasonable entries upon and inspcctions of[he Prapeny. L.ender shall give
<br /> '������''� Borrower notice at the time of or prior to an inspection specifying rcasonable cause for thc inspection.
<br /> �;_.,:.. _ .
<br /> •.�, '• 10. Condemru�tbn.Thc procceds of any awazd or claim for damages, direct or consequential. in conneccion with nny
<br />"�i'����' condemnation or other�aking of any part of the Properly, or for conveyance in Ileu of condemnation, arF hereUy assigned and
<br />,.,�.�.;�•;.
<br /> shall be paid to I.ender,
<br />_- --- In the event of a total taking of the Propeny, the proceccls shall be applied to tl�e 9ums secured by this Security Instrumcnt, �
<br />•_;.,,�„�. whcther or not then due. with any exass paid to Aorcowcr. In the event of a partial taking of the Property in which the fair
<br />- =�' mazket value of thc Propeny immediately beforc the taking is equal to or greater than the amount of the sums secured by this
<br /> -:���i' Security Instrument immediately beforc the taking, unless Borrower and Lender othcrwise agree in writing, the sums sc�cured by
<br />:'�`���?_�; this Security lnstrument shall be roduced by the amount of the proceeds multiplied by the following fraction: (a) the total
<br /> '�'''�'- am�unt of the sums ucured immediately beforc the taking, divided by (b)the fair market valuc of the Properry immediately
<br />•_��;�i 4 before the taking. Any balance shall be paid to Borrowcr. In the event of a partial taking of the Property in which thc fair
<br />===�s'� market value of the Property immediately before the taking is Iess than thc amount of the sums secured immediately before the
<br />�-���4 taking, unless Hnrrower and Lender otherwise agree in writing or unless applicable law o[herwise provides, the proceeds shall
<br />--•�:�&:_�:
<br />��=!s�. �" be applicd to the sums secured by this Security instrument whether or not the sums are then due.
<br /> -���` If the Property is abandoned Uy Borrower,or if,after notice by l.ender to Borrower that the condemnor offers to make an
<br /> award or settla a claim for damages, Bonower fails to respond to I.ender within 30 days after the date the no[ice is given,
<br />----�_� Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair af the Property or to thc sums
<br />--"`���'• sceured b this Securit Instrument,whether or not then due.
<br /> -�•_�_.�. y Y
<br /> - Unless Lender and Borrower otherwis� agree in writing, any application of proceeds to principal shall not eztend or
<br />:;-{;;.�� postpone the due date af thc monthly pnyments referred to in paragraphs 1 nnd 2 or change the amount of such payments.
<br /> -_- _.� 11.Borrow�r Not Rde�sed; Forbee�►r�nce By Lender Not A Waiver.Extension of the time for paymcnt or modification
<br />,:�y,�;��;,� of amortization uf the sutns secured by this Security Instrument granted by Lender to any successor[n interest of Bonower shall
<br /> ___+�� • not operate to release the Uabiliry of the original8orrower or Borrower's successors in interesc. Lender shall not be required to
<br /> - commence pra:eedings against any successor in interest or refuse to cxtend time for payment or otherwise modify amortization
<br />_ __r--:��j of the sums secured by this Security Instcument by reason of any demand made by the original Borrower or Borrower's
<br /> _� " successars in interest.Any forbearana by Lender in�exercising any right or rematy shall no[be a waiver of or preclude the
<br /> �''- ezercise of any right or remaly.
<br /> �,�.~`���! 12. Successors and Asslgns Bound;Jolnt and Seversd Liwbility; Ca-slgners. The covenants and agreements of this
<br /> � Stcurity Instrument shall bind and benefit the sueassors and assigns ot i,entler and ksorrower, subjec� co cnc provi�ious �i
<br /> _�= paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Eonower who co-signs this Security
<br /> Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> _- Borrower's interest in die Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> stcured by this Security Instrument; and(c)agrees that Lender and any other Borrower may agree to extend,modify, forbear or
<br /> mnke any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent
<br /> -- 13.Loan Charges. If the loan secund by this Securiry Instn►ment is subject to a law which sets maximum loan charges,
<br /> W—ffi'� and that law is finally interpretal so that the interest or other loan charges collected or to be collected in connection with the
<br /> � �F� loan excad the permitted limits, then;(a)�ny such loan charge shall be roduced by the amount necessary to reduce the charge
<br /> to the permitted timir and(b)any sums already collected from Bonower which ezcceded pertnitted limits will bc refunded to
<br /> Borrowcr. Lender may choose to make �his rcfwid by reducing the principal owed under the Note or by makins a direct
<br /> �, payment to Bonower. If a refund reduas principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> � " 14.Notices.Any notice to Borrowerprovided for in this Security Instrument shall be given by delivering it or by mailing
<br /> �':��,��; it by first class mail unless applicable law requires use of another method.The notice shall be directed ro the Property Address
<br /> v ===�� or any other addr�ss Borrower designates by notice to l.ender. Any notice to Lender sha11 be givcn by first class mail to
<br />--- -�! I.ender's address stated herein or any other address l.ender designates by notice to Borrower. Any notice provided for in this
<br />=.'�1==?':�r�1 Security Instrument shall be deemeci to have been given to Bonower or L.endar when given a.s provided in this paragraph,
<br />-- -`���'�� 15.Governing Law; Severability. This Security instrument shall be governed by federal law and the law of the
<br /> �-�"�=���' jurisdiction fn which the Property is locatui. In the event that any provision or clause of this Security instrument or the Note
<br /> ��:_���
<br />=° conflicts with applicable law,such conflict shall not affect other provisions of this Securiry Instrument or the Note which can be
<br />��_s����; , given effect without thc conflicting provision.To tliis end the provisions of this Security Instrument and the Note are declared
<br />�"��... to be severable.
<br /> _ ;,► ,
<br /> .��%�;• 16.Borrower's Copy. Borrower shall be given one confor►ned copy of the Note uid of this Securiry Instrument.
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