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<br /> � �'�'' payments mny no longer be Yequired.nt the option of Lender,if mortgage iusutaace covernEe(in the amouat and for the per[asi F�-
<br /> � thnt Lender eequires)provided by su lnsurer approved by Lendet s�nin becomes avtdinble aad is obtuined. Bflrm��er ahu11 pay __
<br />. � . • .= the preraiums required to maiatain mortgage lneumnce in effect.or co provide a loss rzserve,untit the requirement for mortgnge _
<br /> -� ;. ,� imsuraar.�eads in aecordr,nce�vit�any�vritten�gte�m.ent lsatv�cen�orrower and I.ender or�pplicable lu�•�. N�ti;=
<br /> _'° _'`' 9. IagpecNon.Lender or ite egsat may aaake reasonablo entries upaa and lasspeedona of the Property. Lender shull give
<br /> Rormrier notice at tBe time�f or pdor to aa ln�tectiaa s�secifyt�tg tsasonable cu�ase for the{nspzction. _
<br /> ..�.�;��� 10. Condemnatton.Tho prece�ds of ony uward or ciaim for dnmages,direct or consequea�tiut. in wnnection with any `f.
<br /> • condemnadon or oiher Wciang of eay pan o4 the Froperty.or for eanveyunce in lieu of condemnation, ara hereby assigaed and
<br /> .. . shall be paid to Leader. -
<br />������� In the evem oA a total takin�of the Preperty,the prooeeds shall be applfed to the su�s secured by this Securlty lnstrumeat.
<br />;_ � whether or aot then due,with any e�ccess paid to Bortower. In the event of a partial taldng of the Property in which the fair
<br />-'�"p`""?�� market value of the Pcoperty immediately before the tukiag is equril to or�reater ttaan the amount of the suma secured by this
<br /> .r.;: Ss�urlty Insmiment immcd�ately before the taking.nnlesa Bormwer and I.eader otherwise ag�+ee in writing.the sums secured 6y
<br /> � `' this Securlry Instrument ehall ha reduced by the umount of the pmce�ds muldpUed by the following fracttoa: (a) the toaal
<br /> ,:•..�.�.�:�-. amouat of the sums ser,ureal iinmediately before the taldng.divided by(b) the fair mazket vatue of the Pcoperty immediately -
<br /> r=r:�;'��'T`, before the taking. Any balance shall be paid co Bornower. In the eveat of a pardal caking of the Frapezry in which the fair
<br />=':�,�"' mazket vatue of the Propetty imme�iately before the teldng is less than the amount of the sums secured immediately befo�e the
<br /> --:r�u.; takin8,unless IBorrower artd I.ender otherwlss agt�e in wrlting or unless applicable law ott�erwlse provides.the pmceeds shall
<br />,`�,.i"�,� be appfied to tlte snms��.v�ed by tWe Se�udry Tnstrument whether or not the sunos are then due. -
<br /> If 4he peoperty is abandoaed by Bonower.or if,aRer notice by Leader to Borrower t6at the oondemaor offers to ms�ce an
<br />:-;,�r��%;t,r • award�or settle a claim for damnges, Borrower fails to respond to L,ender aiEIl�in 30 days after the date the nodce is given,
<br /> t-;:_s`°��•� Lender Lv authoria.ed w collect aad apply the preceeds,at its opttoa,either to resscoration or c�galr of the Propeity or to the suma
<br /> _`�s�,�._
<br /> -.���—,• —= s��by this S�uityr inst�umens.whet�er or not then due.
<br />- �.a��� Unless L.eader aud Bomower oth�erwise agc�in wrltin8. anY aPPlicatima of pinceeds to prIncipal shall noi eatend or
<br /> -- postpone the due date of the monthly payments nferred to in paragraphs 1 aad Z or change the amauat of such payments. -
<br /> " - 11.Borrower No!Released;�orlsearrt�uuce SY Leades Noi a Waiver.�ctension of the dme for payment or modific�tion _
<br /> _-=� of amordnrtivn of the swns socured by this Security Inattument gr�ur.�!bY L�nder to any successor in interest of Boxcower shall
<br /> _ ---= not epeaato to release the liability of the orlginal Borrower or Bon+ower's sucoessors!n interest Lendei'shaU not be mquina,�eo
<br /> — - commence piooa�d�ngs against any sucoessor in iaterest or refuse w eatend dme for payment or otherwLse modify amorti�nion
<br /> _ _ - --� �y�t� a,�u uxurPd by thla Sewrlty Insuument by reason of any demand msde by the or�ginal Bomower or Baaawer's
<br /> - sucacssor�1n intetest. Any forh�earance by Lextder in exercisin8�Y�Bht or temady shaU aot be a waiver oi or preciude t�e
<br /> _,::i`.� exeicis�Qf�amy rig$t oi le[nedy.
<br /> 12.��ccrssors and Assigos�ommzit doint end Several IJ1abiUty, Co-signr�. T�e �uepants and agreemeats mf.this
<br /> -- Securlty In�a�nent shall bind and�6eu�tt the sucoessois and assigas of Le�ler and Bar�vJr�. subject ta tha provision:s of _
<br /> - - paragaph 17. Borrosv�r's covenants and�ents shall be joiat and seve�l. Any Bornower who oo-signa thts Sec�lrlty
<br /> --- -- Iusaumem but does not execute the Note:(a)is co-signing this Seeurlty Inst�ment only tn mortgage,grant and coavey that .;._.
<br /> __.,,� Borrower's�iXiterest ia t�e Pcoperty undea the urms of this Secutity Insuuine�nt;(b)is not persoaally obligatod to pay the sums „ ,
<br /> sacared by tbia Saurity Iastn�ent;and(c)agrecs Wat Le�der aad eny ather Borrower may agree to e��tead,ffiodifY,fm�B°�ar
<br /> —�— make any accommodauons with regard to rhe terms of chis Securlty Insuwnenc or the Note without that Borrower's oonsr.�4:
<br /> 13.I.oan C6arges.If the loan secured bY this S�curlry Insnu�ent is subje�to a law which sets maximum loan�ge5, -
<br /> and that!aw is finaliy iat�pteted so that Qte intec�est or other loan charges ooY�ea�d or w be oollecte,d in�avection with the
<br /> :_,� l�an eaoad the p�rmitoed limits.then:(a)anY such loan charge shall ba rednceQ.3►y the amount nece.ssary'¢o�rtlttce the�chha;8e
<br /> - -- to the pem�ittcd limit: and(b) an7►susns already oollaxed fcom Borrower whtch exceedal ge�rnitted limits wIll be reft�des�,w
<br /> -- go�,a. Lender may chaose w m��?cd ihis refimd by reducing the princtpal owed under the Note or by maidng a.d�a�c
<br /> pay�..nt w Borrower.if' a refund reduces Prfnc�Pai, the r�uction wUl tse treated as a partta! prepa3rment withouf�ny .
<br /> pnpaymeat charge under r�e Note. � � . � `:
<br /> 14.Notic�v.Auy notice w Borrower provided for in this Sea�rlty tnstrurm�nt shal!be given 6y delivering it oi by m�iling : ,r
<br /> tt by first class mail unless appllcable law cequires use of anothe�mcffiod.The notice shall be dir�cted to the Pmpeny At�csmss
<br /> — or any other addt�ess Borrower designates by uotice to Lender.•A�r no i lce w I.e n der s h a l l b e g iven b y fi t s t ciass �p 3 to
<br /> L+�icr'a Rciu�ss siaied'ueielia vi�i�r ,�'w�x�:.idc".,�L.°�ti°:t�i�"s b;�*e?tn un�rn�sr:i. Atsy su�ticr rmvid�fcz in theo . . -
<br /> _ _ — Se�rtty Inst�umtnt shall be deemed w have beea�dvea to Borcawa ur I,c�r wheu glv�ss pra:rid�t ia ti�a i�"-3��•
<br /> 15.Governing Law; Se�ere6Wty. 'Itia Securlty Instrumeat sLall be governed by fedeaal law nT]d the law of the
<br /> _..'� ju�isdiction in ahlch the L°mpertY is locuted. In tha event thai any pmvision or cla�ue of tt�sis Socu�ty Inssr�ment or tho-Ne�e �
<br /> oonflicts with epplic�ble law�such oon47ict shail not affect other provisions of tbia Sewrity B��trciment cu the Note which e�'if'e
<br /> _..� given effoc.t wttltout ttu conflic�ing pmvision.To t�is ead the prnvisions of txtis S��tY��t and ehe Note ane declared
<br /> w be severa6le.
<br /> _�.___.�_ !6.Borrower's Copy.Borrower shall be gtven one oonforaaed aopy�Ythe Note and of diis Security pnstcumea�
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