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<br /> . � s;�:�•-�; nts rta na ia er 6e at the o an of lsnder.if m�rt a e in.wrance rnve e 1 in the amaunt and for the period 4, �' F �`� �:
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<br /> -".�«°'l;�,. . `',•.-,-"::f that I.ender cequires)pro��ided by an insurer appmve@ by Lender again becomes avaitabte and is obtained. $orrower s6al1 pay ;_:,�,.,,f,;:-:. .
<br /> ,' ..�• r �:'�. thc p�iucns i+equired to maintain mortgage insurance in ef€e�,ar to provide a loss reserve.untit�he requirement for mortgage ; ;,:F..
<br /> '� `� � .� �: insu�aztce ends in a000ndanre wiW any wriuen agreement between Bormwer and Lender or applicable taw. � „, _, n�
<br /> �" 9.IaSpectIon.Lender or its ageat may make reasonable entries upon and inspectioRC of the Property. Lender shaU give � ='•'`
<br /> t �: ''_ cy G-f h �
<br /> _ �� Bonuwer notice at ehe time of or prio�to an inspection specifying masonable cause fur the inspection. � ;
<br /> ` 1Q.Cond�nnatton. The proceeds of any award or claim for damages, direct or mncequeatiai, in conne�ction with any ,. ,
<br /> �•` condemnation or other taking of any part oi the Property.or for conveyance in Iieu of rnrtdemnation, are hereby assigned arsd � c�,� � ��q a-
<br /> �s i � � t
<br /> = �,-'•_ shall6e paid to Lettder. � _��:;
<br /> '` � ; ��: In tha event of a�o�a:taking of the Property,the proceeds shall be applied to the sums sedued by this Security tnstrument, � .�, �
<br /> ��• - - -, �. -
<br /> - - '�x"�'w'°:' whether or not then due. with any excess paid to Borrower.In the event of a partial tnking of the Propefty in which the fair � � �:�..,-�{: "�
<br /> ° � t c. � market val�e of[he Property immediately before the takin�is equal to or greater than the amount of ShP sums secured by this dV ��. ,
<br /> �t ` � ' Security Irtu�nent immediately 6efore the taking.unless Borrower aad I.ender otherarise agroe in writing.tite sums seatred by � �' •
<br /> ��-��� � ; x • �
<br /> � ti � this Security lnstrament stiall be redaced by the amount of the proceeds multiplied by the foltowing fractiou. (a)ihe wtal � ,;i
<br /> F••.�' , . 'ti `�`�;, amount of the sums secused isnmediately before the taking.divided by (b)the fair market value of the Property immediately `�. �
<br /> ,� : - m ' `-
<br /> ``•.' , <;, beFore the taking. Airy balanoe shaU be paid tn Borrower. In the event of a pactial taking of the Property in which the fair "�.: •
<br /> `'' r= � °; market valae of the Property immediately 6efore the taking is iess tban the amount af the swnc secured immediately before the .�J � .: x `�
<br /> ': ' ` '-_; '.;.``;;.� taking. unless Borrower and I.ender othenvise agree in writing or unless applicable law othetwise pr+ovides. the proceeds shaU e. -,.::::�`.,:
<br /> �-� � i :- be applied to the sums secured by this Security Insuumeat whetttet or not the sums are then due. �`�
<br /> ,_ f3 �.0 : ,:`_ < v If the Property is abandu�red by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an ; ` n ,-��.'''�
<br /> ,: ��, . :.'>=:..
<br /> �r�;z awazd or sdtle a claim for damages. Borrower faits to respond to I.ender within 30 days after the date the notice is given, � ,•�._`-
<br /> �,�
<br /> i`�: '� � `' [.ettder is authorized to collect and apply the proceeds,at its optian,either to restoraaion or repair of the Propecty or w the sums -
<br /> __ �`� secured hy this Securiry instnunent,whether or not then due.
<br /> �� � '•'� Unless Lender and Borrower othenvise agree in ariting. any appli�tian of procceds to Rrincipal shall not eutend ar -` s
<br /> � ,� �' � •��'�'� postpone the due date of the monthly paymenu referred to in paragiaphs 1 sud 2 or change the amount of such paymerrss_ � ;; ,-�--
<br />_ -.��c, �. r�d"..r:'e:.n._.:� . .
<br /> � •;��.� 1 t.Borrower Not Released;Forbea�aace By Le�der Not a Waiver.Entension af the tune for payment or modification •` �,:��
<br /> � -,y . -� . � � of amort'uation of the sums secured by this Security Instrument graneed by Lender to any successor in ircterest of Borrower shall �'<, ��°`_
<br /> ,,,..,-;;._:,;_<,:.� nnt operate w release We Iiability of the original Horrower or Bornower's successors in imerest. Ixnder shall not be required w _''�,:.�;;;,
<br /> :R,�- '. commence proccedings agaic�st ar►y successor in interest or.refuse to extend time for payment or citherwise modify amortizateon . „ -�.:
<br /> r j�, � r ,';; of the sums secured by this Securiry instrumene by reason of any demand made by the original Borrower or Borrower's ` � >.
<br /> � �' '� sucr.�sors in imerest. Any forbearance by l.ender in exercising any right or reanedy shall not be a waiver of or preciude the �h--°-
<br /> ..},:. � F^.-_.
<br /> < : . exercise of any dght or remedy. r --
<br /> 12.Saaessors end Ass�gag Bonnd;Jofint and Severai Lia6ility;Co-signe�s. 7'he covenants and agreements of this r. ��•
<br /> ' ` Security Instrument shall bind and beaefit the successors and assigns of Lender and Borrower, sab'ect to the iovis'sons of � "`=`
<br /> : '.,�•�:.�•.'. . J P �`,rtr;:.:
<br /> .����: �: ,. ��, paragraph 17. Borrawer's covenants and agreemenu shall be joint and several. Any Borrower who co-signs this Securiry • '
<br /> t�`• ' . Instrument but does not execute the Note: (a)is co-signing this Security Insuument only to mortgage.grunt and convey that +�-
<br /> �,' .� . „ ' _ Borrower's interest in the Property under the terms of this Security Instcument:(b)is not personally obGgated to pay the sums ,
<br /> �f , ' secured by this Secvrity Instrument;and(c>agr+ees[hat Lender and any ather Borrower may agree to extend,modify.for6ear or '
<br />„ ,�.'.;;. �. make any accoirm�odatioas with regard to the terms of this Security Tnsuvment or the Nate without that Borrower's coasen� ,�_ .'
<br /> .�r_,! .. '•� .. 13.Iman CLa r ges.If the loaa secured by this Security Instrument is subject to a!aw which sets maximum loan chargcs, • : :
<br /> th ;= � . �;; and that law is finally interpreted so that tfie interest or other loan charges coUected or to be collected in connecxion with Ihe ,�
<br /> - toan exceed il►e pemutted limits,then: (a)any such loan charge shall6e reduced by the amount necessary to reduce the charge �-
<br /> �� : . � , - to the pemdtted limit:and(b)any sums already collected from Borrower which exceeded permitted limits witl be refunded to ;{. , ;,� �'
<br /> . . ,, •. . . ,. ,. •
<br /> • . Borrower. L.ende�may choose to make ti�is refund by reducing the principal rnved under the Note or by making a ditect . ��.�
<br /> ='� -. -•..� .� - �',;� payment to Borrower. If a refund reduces principal. the reduction wi0 be aeated ac a partial prepaYmeat a+itkout eny =�.`--;'�:'� _
<br /> . ,.y. ._. .
<br /> • =,-� �. prepayment charge under the Note. `�� .�
<br /> . ..,.:.. � ,
<br /> � : . : , 14.Nottc�.My notice to Borrower provided for in this Security Instrument sha{l be given by del'svering it or by mailing _
<br /> :.' ,��.� � ' it by first class mail untess applicable law requ'ues use of another method.The notice shall be directed to the PropeRy Address
<br /> '�"'�` ''.'•r?. ,'; or any other address Borrower design2tes by notice to i.ertder. Any notice to l.ender shall be given by fitst clacs mail to � • _
<br /> t • . f '� Lender's adchess stated herein ar any other address Lender desigmtes by notice to Bunower. Any notice provided for in this
<br /> ;� ; • . ' Security lnstrument shall be deemed to havc been given to Borrower or l.ender�vhen given as provided in this paragraph.
<br /> s.:'•=: . 15.Governiag L aw: S t wera b f li t y. T his Securiry Ins[rumen t s h a i l b e g o v e m e d b y f e d e r a l l a w a n d t h e l a w o f t h e 4�-. .,
<br /> ;.�;� :
<br /> :_{,�=�,.: ,,•. . . ;,. � ? jurisdiction in which the Property ii located. ln the event that any,provision or clause of this Security Instrument or the Note . .
<br /> � " conflicts with appl;cabte law, such conflict shall not affect ather provisions uf thia Security In�trument or the Note which can be
<br /> � � gi�•en effect�vithout the cantlicting provision. To this end the provisions of this Security instrument and the Note are declared �
<br /> �•��'�° . ..
<br /> l , � to be severable. ,
<br /> =��'•= � ; 16.Borrotiser's Copy.Bonower shall be given one conformcd a�py of ihe Note and of this Security instmment.
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