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<br /> payenents may na lonAer be required, nt thc optian of Lendcr, !f mortgage insurnncc wverage(in thc nmount ru►d for the period
<br /> thnt Lender requires)providcd by an inxurer approved by I.ender ngain bccamcs avuiiablc:uid is obtaincd. Harrowcr shull puy
<br /> ' thc premiuma requlrcd to malntNn mort4uIIe inaurnnce In cffect,or to providc n loas reservs,until►he rcquirement for mortBn�c
<br /> insurnnce ends In accardunce with any�vritten nAreemont between Harrower und Lcndor ar nppHcabic Inw.
<br /> 9.Inspection. Lender or itx nBent mny make rcasonnblc entrles upon nnd inspcctions of thc Property. Lendcr shnll give
<br /> Dono�ver notice ut thc time of or prior to an inapectton specifj+ing reusonnblo cAUSe for thc inapection.
<br /> 10. Cunde�iuwtion. The procceds �f any awnrA or cinim for dnmaQes, direct or consequendtsl, in.connection wlth nny
<br /> � condemnation or other taking af any part of the Property,or for wnvcyunce in Iteu af condemnaNan,are hereby agaiBned nnd j
<br /> ahall be paid to i.ender.
<br /> ".�--� In the ev�nt of a rotal taking of the Property,che proceeds shull be applled ta the sums seaured by thia Securtry Instn�ment,
<br /> � - whethcr or nut thcn due. with any ex:ess p�id to Bonower. In�.hc event of a partiul taking of thc Propeny in which the fair ,.
<br /> markct value of the Property immedintcly before the taking in equal to or greater than the amount of the sums sccured by this ,•
<br /> • Sccudty Instrument Immedlately beforc the takinII,unless Borrower end Lender utherwise�gree in writin�.�he sums ser.ured by .. _
<br /> t6ts Secur[ty Instrument shaU be reduccd by the amount of the proceeds raultiplied by the following fraction: (a) the totnt • .
<br /> amount of the suma secured Immediately bcfore the taking, divided by (b)the fair market value of thc Property immediAtaly
<br /> - � before che teking.Any balance shall bc paid to Borrower. In the event of a partial taking af the Propeny in which the fair .
<br /> � market value of the Properry immediately before thc taking Is Iess than the amount of the sucns secured lmmediately before the >�
<br /> " taking,unless Sonawer and Lender otherwise agree in wrlting or unless applicuble lAw otherwise provtdes,the procecds shatl ` �� •�
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<br /> ! be applied to the sums secared by thia Secudty Inauument whether or not the sums are then due.
<br /> �, ��- If the Progerty is abandouecl by Borrower.or if,aRer notice by Lender ta Bottower that the conciemnar offers to make an ,,��:r..
<br /> � aurard or settle a claim for damages, Rorrower falls to respond to I.ender wlthin 30 days after thc date the notice is Fiven, ,
<br /> . Lender is authorizeci to calIect and appl�thc proceeds,at its optian,either to restoratian ar repair uf the Property or to the sums �'�„L4,.
<br /> . '.', � secured by this Securlty Instrumcnt, whether or not tlun due. -
<br /> Unless Lender and Borrower otherwise agcee In writing. any application of proceeds to pr�ncipal shall aot eatend or
<br /> ..-
<br /> k ',.: z.•, �. pustpoae the due date of the monthly paymenta referred to in paragraphs 1 and 2 or change the amount of such pPyments. �:i:
<br /> Il. Borrower Nat Released; Forbcarancc By Lender Not a Weivcr.Extenslon of the timo for payment or modification ;._�.
<br /> � i of amortizadon of the sitms secured by this Securiry Inatrument granted by Lender to any successor In interest of aorrower shell '.,?����.
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<br /> ��•j not operate to reiease the liabiliry of the originat Borrower or Borrower s succeasors in interest. l.ender shall aot be required to ,n..;�:
<br /> commence proceedin�s agt►lnat any surcessor in interat or refuse to extend time for payment or othenvise modify amottizatton �',;-_
<br /> - �,� of tbe sums secured by this Securlty Inst�ument by reason of any demand madc by the origlnal Borruwer or Botrower's __
<br /> - ,j ,ucc�c;;�,; iu tat�rest. Any farbe,ara�ce b;Lender �n exere{s}ng any rfeht or remedy shall not be a wa{ver of or preclude the -
<br /> � eaerclae of any dght or remedy. ----
<br /> ' 12. Suoccswas nnd As5lgns Boundi Jotent �nd Severnl Liabflity; Co-si�r+e�s. The covenants and agreementa of this
<br /> � Securlty Instrument shall bind and beneflt the auccessors and assigna of l.ender and Borrower, subject to the provislons of
<br /> ,a;�;,,. '� paragraph 17. Borrower's covenants and agrceaienis shall be joint and several. Any Borrower who co-signs this Securiry
<br /> Instmment but dors not execute the Note: (a) ia co-signing this Secudty Instrument only to mortgage. grant suid convey that ___
<br /> : ,``���'���_� Bonower's interest in the Property under thc terms of this Security Inatrument;(b)is nat personelly obligated to pay thc sums
<br /> �, ,� secured by this Securiry instrument; and(c)a�rees that Lender und any o t her Borrower may a�ree to e a t e n d,modi f y, forbear or v
<br /> make aay accomr�odationa with regard to the terms af this Security Inatrument or the Note wldiout that Borrower's consent. _
<br /> ' �� 13.Loan Chur�e.a. if the loan secured by this Securiry Instrument is subJect to a law which seta mnximum loan charges, _.
<br /> • � � �s end that 1aw is flnally interpreted so that the interest or other loan charges collected or co be collected in connection wtth the R�
<br /> _ � loan exc�d the permitted limita,then:(a)eay such loan chargc shall be reduced by the amount necRSSary to reduce the charge F_,
<br /> . ' to the permttted limit;and(b)anY sums already collected frora Borrower which exceeded permttted limita will be refunded to
<br /> , � �, Borrower. L.ender may choose to make thta reflutd by reducing the principal owed under the Note or by mekfng a dtr�ect F
<br /> � payment to Borrower. If a refund i�educes princlpal. the reductton will be treated as a partial prepayment without any _T
<br /> _ ;�.;.,°�„ prepayment chazge under the Note. `__"`___
<br /> : 'l�R�: 14.Notices.Any natice to Borrower provided tor in this Securiry Instrument shall be given by dclivering it or by ra�ailing ____-
<br /> � � ` it by Brst class mail unless applicable law mquires usc of another method.The notice aha11 be dtrected to the Property Addreas `..";_.
<br /> , ': �;,�� os any ather address Borrower designates by notice to Lender. Aay notice to Lender shall be given by ftrat class mail to -__
<br /> Lender's eddress stated herein or any other address Lender designutes by notice to Borrower. Any nottce provided for in this �
<br /> ��,�� Securiry Insteumem shatt be de;ccucd ta havc hc:en given to Borro�ver or Lendr.r when given as provided in this paragraph. �_-
<br /> . �' IS.Goveming Luw; Severabittty. This Se�;urity Instrument shali bc govcrned by federal law and the law of tha —__
<br /> � . � jurlsdiction in whlch the Property is located. In the event tha2 any pmvision or clause of this Secudty Instrument or the Note �.
<br /> - � conflicts wlth applicablc l�w, such conflict shall not affect other provisions of thia Secudty instrument or the Note which can be __
<br /> .. s: given effect without the conflictia�proviaion. To this end the provietons of thls Security Instrumcnt and the Note are dectared
<br /> � to be severable. �-
<br /> � � .; � 16.Borrorver's Copy.Borrawer shall bc given one conformed copy of the Note and of this Sccudty Instrument. �:--
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