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<br /> ��� ' R payms:ntn u2ay no ionger be required,at the aptioa of Lender,if reortguBe insuranoe coverage tin the amount nad for the periad
<br /> � n
<br /> " that L.ender requlres)Pmvided Isy na iasurer approved by Lender again becomes avNleble aad la obwiaed.8orrower sh�ll ps►y k'_-
<br /> the prEmiums required to mainwL►cno�tgu�e Inauraace in effect.or to provide a loss reserve,uneil the reqWrement for mortgqge -=`
<br /> m n
<br />,=i4��=_,U;�� insuraace ettEs in accord�nce with nay wrltten ugr�ement between Borrawer and Lender or applicable luw. �=
<br /> 9.Yuspectdon. Lender or ita nBent mAy malce reasonable enutea upon nnd inspecdona of the Property. Lender ahall give
<br /> " BOIIOWCI QOtICC 8t thC tliAC Of OY(1YIOP IQ 8a 1119�fCt{Oil 6pCCIfYIY1g PCa.,01lIIbIC G:13�C fOP t116�AS�LKIOri. ��`
<br />- �-° _� 10.Condemnatlon.The pmceeds of any uward or claim for damages,direct or consequential. it1 connectinn wlth aay
<br /> condemnation or other taking of any part of the Propexty� or for conveyance in lleu of coademnation,are herehy agslIIned nnd -
<br />,<pti� �heU be pa4d W L.ender. _
<br /> - Iu tho evsat of a totnl taking of the Property,the proceeds shaU be npplied co the sums aecured by this Securlty iasuucnent. _
<br />- whether or aot then due.with any excesa paid to Bomower. Ia the event of a partiul takIag of the Property in whtch the fuir =
<br /> �'°°�'�'•s market value of the Property Irsa�edlat�ly before the taking is equal to or greater than the amount of ttte aums secured by this .-
<br /> '�'-� Securicy insm�ment immediately befo�the taki�g,unless Borrower aad I.eader otheiwise agree in writing,the sums se�uced by _
<br />- .. Wis SECUrIty InsKUanznt shall be reduced by the amouat of the pmce�da multlplled by the following fraction: (�the touil
<br />_.'�,:;"� '��,, amauat of the sums secured immediaiely befone the takL��.divided by (b)the fair market value of the Property immediatcly
<br /> -�•��.� bafore the tt�lcing.Any balance shaU be paid to Borrower. In the eveat of a parttal taldng of the Pmperty in which the fait
<br /> :�_t�•,� .
<br />-�.�,��;, market value of the Property immediately before the taking ia less tban the amount of the sums secu.�ed immedtately before the
<br />�-�?.�'•,�'�'.,,'R tnldu�,unless Borrower aad L�tder othervvlse agree in wrltIng or unless appltcable law otherwIse provides. the proceeds shali
<br /> ..:;:x:�;..
<br />'r..:. be applled w the sums secured by this SecurIty Instivment whether or not the sucns a�na then due. .
<br /> ....�..�,. ,�
<br /> �:���;� Yf the Property is abandon��by Bflmower,or if,aRer aotice by I.ender to Borrawer that ttte condemnor offers to m e an
<br /> ,;;�'��_�.�:� award or settle a claiffi for dameges,Borrower faila to reslwnd to Leador wlthin 30 days aflter the date the aotice is given,
<br /> ''-�`==�- I.encler is author�Zed to callecx aad apply the proceeds.at its option.either to reswration or repair of the Propetty or to the sums
<br /> .'i+����i��it�:;.� . secured by this Secusity lasuument.wheth�r or not tlten due.
<br />...T.:"��� Unless L,ender aad Boaower otherwise agtee fa wriHng. ei►Y eFPlicatien of proc�eds to principal shall not extend or
<br />--°`�='"`-"� postpone the due date of the monthly payments referred to in paragcaphs 1 and 2 or chauge the amount of such payttir.nts.
<br /> ----_� il.Boarower No!Ite]eused;Forbeaa�ance By Lender Not m Waiver.Batension of the time for paya�ent or modllication
<br /> af amortlzadon t�f the sums secured by thi�Secutlty Iastrument granted by Leader w any successor in interest of Borrower shpli .
<br /> --- - not operate to release the Uability of the original Borrower or Bomower's succes.gors ia interest.Leader shall aot be required to
<br /> -_- commencs proa�ings against aqy successor in int�rest or refiise co extend time for payment or othesw[sa modify amortizaflon
<br /> -,-,� of the sums securea by t�is �writy insuumenc iry ieason oi airy efcmiuic�in� try the ��igi�at °asrc--.r�ar Eams�.:�'s •
<br /> - - -- successora in iatergst. Any► forbearance by lender in eaencIaing aay rlgbt or cemedy shatl aot be a waiver of or preelude the
<br /> --v--- exercise of any right or nmedy.
<br /> — 12. Suceessors and Asslgps Bound:Jaiat and Sevepai LiabiUtyi C�e:s.The covenants aad agrxments of�his
<br /> - - � Secu�c�ity Iasmiment shall bind and benefit the successors and assigns of Lender and Boirower� subjea to the pmvtsiona of
<br /> ptvagraph 17. Borrower's oovcAants and agceements shaU be joi�and several. Any Borrower who ca-sigas this Sec�axity
<br /> .�� Instrument but doeu not exe�a►ta the Note: (a) is co-siguing this Securlty Insuument only w mortgage.grant su�canvey that
<br /> - Bomower's interest in the Property w�d�r the terms of this Securlty Instanmenr.(b)i�not personariy oblfgated w pay che sua�s
<br /> _v=_= secunad by this Security Iastcurnem:and(c)agrees that Lender and any other 8orrower may agree to exund�modify.forbear o� .
<br /> -��`��` make any aaommodations with re�ard W the terms of ihis Securiry�nstrnmsat or the Note witttout that Borr�wer's wnsmt.
<br /> :_� 13.Y�oan Charg�v.If tt�e Joan secured by this SeCUrlty lasmuuent ia subject to a law which seta maximum lou�charges,
<br /> •',� and that laa 3s�na1Dy incerpretad so that the imerest or other loun chatgxs coller�oz W be collected in oonnxxlon with tbe
<br /> - loan ea�ceed the penanitted limits�then:(a)aay such loan charge shaU be reduced by the amount necessary to reduce the charge
<br /> to the permittal limit:and(b)anY sumg alteady oolle�i from Borrower which excealed permitted 13mits will be iefundc�w
<br /> � Borrower. Lender may choosa to make 2�1s refuad by reducing the prladpal owed under the Note or by m�aking a dlrax
<br /> �"!,tt�o�� �3!ment to Boriawer. If a�r.eibad reduces p�incipal, the reductioa wIll he tc�eated as a paztial PrePaYment without any
<br /> :;��:. . Px'�p�,yment charge unner tne riou.
<br /> :,'� 14.NoNces.Any notice w Borrower pm��ided for in this SecurIty�ast�em shaU be givea by del3ver�ng:�e.or by mailiag
<br /> it by first class mail unless appiicable law roquires use of aaoticer metiiod.The aotIa shali be directed to the Property Address
<br /> - - or smy other address Borzower desiguatcs by notice to I.ender. Aay n�utice to I.ender shall be'given by firsa class ma�l to
<br /> -- -- t pnt,��a r+dd�a stated A�s+ein or any other�ddress Leader designatea uy nouoe to u�:rower. iwy aouce pravided ioz in�his -
<br /> - Security IASaument shaU bo.dcemed w have bcen given to Borrower or I.ender when.given as Zn+ovtded in this paragraph.
<br /> -. 1S.Governing Law; Soverability. This Secudry Insnument shall be gov¢seted Dy fcderal law and the law of the
<br /> � jw4sdicdon in whlch the Property ia la�ated.In the event tbat any prowision or cla�ise of this Securiry Insorumeat or the Note
<br /> conflicts with applicabie law,auch conflict sha11 not affe�t other provIslons of tbia Securtty Insunm�nt or the Note wbich caa be
<br />- - -- given e�fect without the c�z�lictin�pravisivn. To this ead tiie provisiona of this Secur[ty Insnvment aad the Note are rloclarcd
<br /> _.._.__- to be severable.
<br /> —_ = i6.HorioWer's Copg*.Borrower shall be gtven one vonformed aipy of the Note and of this Security Insmimeat. .
<br /> Form SOZB 919D
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