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<br /> ,y�.;•. :t,,� p�ymente may no longcr he requlred.ut thc optlon af l.ender,if martgagc insuranco cavcrage(in the a�naunt c+nd for the pedad `_^
<br /> ,. �,� that l.cndcr r c yuirc:i)providcd by un in4urer appmved by I.c�ider uguin becomc�avuiluble anJ is obtuined. Borrower Ehull pny �
<br /> � the premiums rcyuired ta mu{ntain manac+ge inaurAnce in c f fcct,or to p ro v i d e n l a s s r e s e rv e.u n t i l t h e r e q u i r ement for mart ga�e �
<br /> �=i insurancc endr►in urcoednncc with nny writtcn agreemcnt bctwecn Rorrower aid Lendcr ar c+pplicubte law.
<br /> � � ' �� 9.Ingpcctlon.l.cndcr or itx ugcnt may makc reasonablc entrics upon und inspectiong of the Property. I.ender shull give � —
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<br /> � .�� Barrawer npdce at the time of or prior t� an inspection+pecifying re.�.SOnnble cuuse far the insgect n.
<br /> 10. CondemnuU�n. The proceafr: at nny award or claim for dnmages, direct or cansequentinl, i�connection wlth anY 1�'
<br /> .,r.,� condemnaeion or utiiee tukin�uf:u�y part of the Praperty, or for canveynrtce in lieu of condemnetian, ure hereby assiIIned und � �
<br /> ' shall lse paid ta I.crtdcr. �
<br /> �� In the event of a tatnl taking of the Property.the proceeds shall lse nppfied to the sums sccurcd by this Secudty Instrument. �
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<br /> :-�= whether or not then due. with uny excess pald ta Banower. ln the event of u purtiui tnking of the Property in which the fair
<br />��'�..�i market value of the Property immedlutely befare the tuking is equal to or grenter thnn the umaunt of the sums rtcurod by thls
<br />_-—_�-�_�►` Security Instcuniettt immediatcly beforc thc talcing.un le.s.v B orrower an d L e n d e r a t h e r w i s e u g�+ee in wr�tin g,the sums secured by
<br /> ��.. �; , this Security Instrument shall be re�uced by the nmount af the proceeds multiplied by the fdlowin� fraction: (a) the total
<br /> �=::��:; , amount of thr sums secured immedintely befor�the taking.divided by(b)the fair market value of the Praperty immediutely
<br />- 4"s�g bzfore the taking. Any bulunce shall be paid to 8orrower. In the event of n partial tnking of the Property in which the i'air
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<br />--•�-� �: market vnlue of the f'ropzrty immediataly before the wking is Icss thAn the amount of the�ums secnred immediutcly before e
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<br /> --�'�,• utkins� unles's Borrower and l.ender othenv�se agree in writing or unless uppticable law otherwfse provides,the praceeds shall
<br /> =- be applied to tho sums secured by thia Security Instrument whether or not the sums ure then due.
<br /> ---- If r,}►e property is ubandoned by Borrowet,or if.After nodce by Lender to Borrower that the condemaor offers to make an
<br />•:-.�;��� a w a r d o r settle a ctu3m for damnges.Hortower f�its ta rzspond to Leeder�ltthin 30 days after the cinte the notice is given.
<br /> — = Lender is authorized to cullect and apply the ptnceeds.at ita�tion,etther to restom t ion or rep a ic o f t he P r o p e r ty o r t o t h e sums
<br />�'```���,���` sacured by this Securiry Inst�ument.whether or rtot then due.
<br />'-�'�'_¢'��'"�--�-� Unless L.ender and Dorrower othenvise ngces in writing. any application of pracoad.b to prinaipal shall not ex��,��or
<br />_-•�=�s��• postpona ttie due dute of the monthly ps►yments reterred to in paragraphs 1 and 2 or change Uie amount of such payments.
<br /> "``='""�� if,Borrower Not Released;Forbearnnce�y 1.euder 1Vot a Wniver.Extenstan of the dme for payznent or modtficadon
<br /> �"�"�'�'� of aur►ortization of the sums secured by this Securlty Inswment�tantod by Lender to any successor in interest of Bunnwer shall
<br /> --_=- not opernte to release the liability of the orl�inal Bomower or Borrower's successors in inten�t.Lender shall not be requfred to
<br /> ---� conunenc¢proceedin�s aguinst any successor in interest or refuse to extend time for puyment a atherwise maUfy amortiuiuon
<br /> = of the sums sec� bA �forbearancetby I.e der in exe�ising any right or�eyb hall�not�beal�ver of orrprc�cludeethe -
<br /> suca�sors in Y •
<br /> - � exerc3se of any nght or remedy. '
<br /> �`",',;��e �, Sua�ois and Asslgas Boimd; Jotnt and Sevem�.9.iAbiitty;Co-signere. The w�enants end agreemems��this
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<br /> --= Sosurlty Instcument shall bind and bene6t the sucxessors and assi�ns of I.ender und Botrower. subject to th0 provisiana o
<br /> . --.-- parngrnph 17. Bornower's cavenants and agrcements ehail be Jo9nt and sevecsl. Any Borioaer who ca-signs this.'�ecutityr
<br /> Insuument but does not execute the Nou: (a)is co-signing this Sexudty Inst�ument anty co m�rtgu$e,gsant and convey ehat
<br /> Horrowei s interest in the Property under the terms of this Secudry Insc�ument;(b)is nat p�rsonally ablf��zed to pay tho suma
<br /> ''�� secured by thi�Secudry Instcument;arid(c) age+ees that I.ender and aciy other Borrower may�ee to eatend.modlfy,fo�rbenr or
<br /> -=--- �e any accommodations wlth regard to the terms of this Secu�ity Insuvment or the Note wiQhout that Borrower's oonsont.
<br /> 13.i.oun C�rges.If the loan secw�d by this Securlry Inatcument is subject to a law which sets maa3mum lowa charges,
<br /> und thut law fs finzl�� interpleted so that the interest or other loan c harges collocted or to be ct�llected in cumiecttoa with t1►a
<br /> �oan e�coeed the pemalitzd limita.then: (a)any such loan charge shall be reduoed by the sunount n�cessary to rr�duce the cimrge
<br /> to the pemdtted limir.a�id(b)any sumsalrrady oollected fim►n�orrower whtch exoeeded permitted limica Will be e+efunded to
<br /> Bortnwer. Lender mqy choose Ao make this refimd by mducing the princip�l owed under the Note or by malsin��di�Ct
<br /> payment to Borruwec. If a refund reAnces princigal, the mcluction wNl be te+eated ns a paNal prepAyment wi45��c�ui uny
<br /> , prepay�nent charge under the Note. �
<br /> 14.Nottces.A�►Y notice to Borr�wer provided for in this Security Iasuvment sha17 be�ivcn by dnliv�rfng it or by mailing
<br /> it by 4"irat class mflii unless npplicabte law requires use of another method.The notiao shalt be directea tca¢'�e Pinpert�''Add�resg '
<br /> -:.��� or wty other address Bornower desi�mates by nonce to Lender. Any nouce to Lender stinll be given by firs� ���'�� fo
<br /> - I,ender's address stnted he�neein or nny other nddress I.ender designates by notIce co Borrower.Any nodca provldai'far in thie
<br /> — Securityr InstrUment sha11 be deemed to�ave been given to Homower or Lender when given sts provided in thia panigraph. ,
<br /> �g,Gov�rntng Law; Severabitity. This Soc�uiry Insuument shatl be governed by faderal law and the luw of the .
<br /> --;;��� jarisd3�tlon in which the Property is located.In the event that any provision or slause of this Securlty Insmtment ot She Note
<br /> __—_.:=;:�R�—���-- cot„`i;,,-ts K�th��licslsl�lstiti,ss^4�^^^flkt sMnll not uffect othea ppavisions of ihta Securiry insttument or the Noi�w1�i�e�be
<br /> --___ given effoct�vtUtout the oonflicting provision.'1'o thia end the provlsiuits of this Sccurity Ia�tntmeat�n�����61e�`�`�"`�
<br /> ----- to be severaale.
<br /> 16.Borrower's Copy.l3orrower sha11�e�Zdsen one aonfonnad wpy of the Note and af thts Sec�arity Instnu►ieau• ,
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