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<br /> � puyments may no longer be required.ut the option of Lcndcr. if mortgagc iasurancc covcrage(in the umount unJ fur the perlod =_
<br /> , ..'• that l.ender requi�es)provtded by tui insurcr upproved by l.ender agnin i�c:cames nvailable und is obtained.Botrower shsill pny �_
<br /> , � �� . the premiums rcquin:d to ms►intain mortgu�e insumncc in effect,or ta providc u lass reserve,untii the requireinent far cno�tBug� �,�.•
<br /> fnnu�unce ends in accordunce with any written uFreement between Bonower and[.ender ar applirable law. �_
<br /> . . 9. insRtctt�n. Lender or its agent may makc reasonebte er�tries upon and inspectians nf the Property. [.cnder shull Qivc __
<br /> � � Borrawer natice ut the time of or priar to nn inspection gpecffyin�reu.sonable cAUSe far the inspection. �_
<br /> . Y:�' 10. CondemnAtlon.The praceeds of uoy a�vucd or claim fot damuges. direct or consequentiul, ln cannectinn wlth nny __
<br /> � . candcmnatian ar ather t�king of any part af the Property,or f�r canveyance in licu af condcmnation,are hereby e�ssigned and �
<br /> •�' �• �.� shult be paid to I.ender.
<br /> ��'"�� In the evcnt of o tatal ts►k(n�of the Praperty,the proceeds shsll he applied to the sums secured by this Security Instrument.
<br /> ��� whether or not thcn due,with nny cxcess paid to Hottowcr. In the event of a pnrtial tukin��f the Property in which the fuir
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<br /> �:•�a��� murket vutuc of the Property immediately befare the taking is cqual to or greater than the amaunt of the sun�.s secured by this -
<br /> �� ' Secudty Instrument immediately 6efora the taking, unl�ss Barrower and Lender otherwise agrec in wdting,the sums secueed by
<br /> ���' this Security Instrument shall be reduced by zhe umaunt of the prooeeds multiplied by the following fraction: (a) the total __
<br /> � ' ' nmount of the sums secured immediately befote tha taking, divtde�l by (b)the fair market vulue of the Propercy lmmediately � _
<br /> ' �+� befare the ttilcing. Any balancc shall be paid to Borrower. In the event of a parti�i taktng of the Property fn which the fuir
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<br /> � ��, . market v�lue of the Praperty imrnediately beforo the tsking is less than the smount of the sums secumd immediately before the � -
<br /> • �'; taking. un(ess Borrower nred Lender other�vise agrec in wrItin�or unless appllcable law otharwi�e provides. the pra�c�s shall � �
<br /> be appltcd ta the sums secured by this Secudty Instrument whether or not the sams are thcn due. _
<br /> _ � If the Propsrty is absndoned by Borrower,or if.nfter notice by Lender 2o Borrower that the candornnar offers to mnke un�
<br /> . awucd or settle a cleim for demuges,Borrower fails ta respond to Ixnder wlthin 30 days after tho dt�te the natice Is�iven, .
<br />_, .,,` ,�'.. L.ender is suthodzed to collect and apply the proceeds,at its aption,etther ro restoration or repair of the Proputty ar ta the sums
<br /> - � '.� srcure�by this Security Insttument.whether ox not then due. �i���on of raceeds to rincl al shall not extend o�
<br /> � Untess l.ender and Borrower otherwise agree in wdting. any app p P P �
<br />=s:'��'!C'� postpone the due date of the monthly payments refermd to ir�pacagrephs 1 and 2 or cl�ange the mnount of such payments.
<br /> ;� 11.Bormwer Nat Reteased;Forbearance By Leuder Not a Waiver.ExtensIon of thc time for payment or madificution
<br /> •� � of amortiwtion of the aums secni�ed by this Secudty Instrument granted by I.endor to any sua:eswr in interest of Horrower shall
<br /> Y^'' not operate to release the liability af the originul Bonower or Borrower's auccessors in interast.Lender shap not ba required to
<br /> �� c ommence pioceedin gs against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br />�'����3`'''� of the sums secared by this Securlty Instrument by reason of any demRnd madc by the o dg ln a l Burrower o r B o r r o w e r'F
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<br />•�,,,�� � sucxessors in interest. Any fotbearance by Lendar in exercising any t�ght ar remedy shall not be a waiver of or preclu e e
<br />;:.;;�►..s�zw; Pxet�i�e of any el¢ht oi femCdy.
<br /> r�:,�':... : 12. Succersors tu►d Assipins Boufld;Joint and Seversio Llnb1[tty; t�:o-siRneis. Tne corc,imitr an3 agrc�:z�zss.°�f th� �
<br />'-"�'�'=�� Secudty Instrument shall bind and benefit the successors and assigns of Lender and Aorrawee, subject to the provisions of
<br />��"=�'='�"� paragraph 17. Borrower's covenanGa urtd a�rcements shell be joint and several. Any Ho*rower wha co-signs this Securlty
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<br /> Instrument but does nat execute the Note:(a)is co-si�ning this Security lnstrument only to mortgage. grnnt and convey ut
<br /> �'::;ti.s,r,��' � Borrower's intemst in the Property under the terms of this Securiry instrument;(b)is not peesonally obligated to pay the sums
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<br /> ,M1_;.;,.:; .Nyt secured by this Serurity InstN�nent;and(c)agrees that Lender and uny othar Barro�ver may aIIrce to oxtend. modify.forbear or
<br /> -+*�" ma[ce nny accommodations with regard to tbe terms of ttils Securlry Instrument or the Nota without tbut Borrower's wnsent.
<br /> -•:-sa-•,�-�-'"��� 13.Loan Chna�es. If the loan secured by this Security Instrument is subJect to u law which sete muximum loun cht�rges.
<br /> -�.r���r�.�o�a nnd thut law is flnaily interpreted so thut the intarest or other loan charges collected or to be collected in canaection with the
<br /> - '��'����`y'� lot►n excEed the permitted limits,then: (u)any such laan charge sha(l be reduced by the amount nexe.ssary to teduce the chargo
<br /> ���.'-�''�'f to the permitted limir and(b) any sums alreudy collected from Borrower which exceeded permlRted limits will be refttnded W
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<br /> _���� Borrower. Lender may choose to make this refund by reducing the princlpal owed under the Note or by maicin� a dln.ct
<br /> .-__-:=� payment to Boaower. If n cefund reduces pdncipal. the reduction will be treated as a partial PrePayment without any
<br />_ �z_��: prepayment cherge under the Note.
<br /> __ --..� 14.Nottces.Any notice to Barmwer provided for in this Security Instn►ment shull be given by deliverinA it or by maiiinB
<br /> _:�,;;� it by firat class mail unless appiicablu Iaw requires use of anot�her method.The notice shall bedirected to the PropEtty Address
<br /> — = or any uther¢ddress Borrower designates by notice to Lander. Arty notice to Lender shall be given by first�:Inss mail to .
<br /> _�---°"�'`° L,ender's rtddresa stated hecein or any other address Lender desi�nntes by notice to Horrower.A»y natice provided for ia thls
<br /> `- =r;y..�� SOCUdty Insmiment sholl �oe deemed to hove been Biven to Borrower or I.ender when�iven ns prov�ded in this P�E�Ph.
<br /> --°, I5.�ove�nf� La�; S.°�rerubtNly. This Securiry Instrument shall be qovemed by fedeTal law :ind the law of d►e
<br /> `�"`�___�� juriadtction in which the Prope�ty ls located.In the event that any pr�nvision or clnuse of this Securtty Inst�umeut or the Nate
<br /> -�-�----� conflicts whh upplicable law,such con4lict shall nat affect other provisions of this Securiry Inswment or the Note whfch can be
<br /> -==����'��' �iven effect without the c�ntlictinE provision.To this end the proviaiuns of this Securlty Insttument and the Note ure declered
<br /> _� ^�'�"""� to be severable.
<br /> ""����r'��'� 16.t3oreower's Cogy.Bocrower shuli be given one conformod copy of the IVote and of thia Security Inswment.
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