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<br /> - �• payments may nu longer be required, at the option of Lender. if martgaBc inaurnncc covcrnge(1n the nmouat and for�he period
<br /> that Lendcr rcquires)provIded by aa insurer approved by Lendcr ngnin bccumLa nvntlable nnd ia obtained.Borrower shall pay _W
<br /> - ,� .���. the premiums required ta malntain mortgage Inauraace ia effect,or to pravidc i�ianh rexrvc,until thc re�uireraent far mongage
<br /> � insurance eada in accordance witb az►Y wrttten aBr�ement between Borrower nnd l.ender ar nppltcuble law. ._
<br /> ,� r" g.Iaspectton.Lender or its ageac may matce tenaonable cutrlca u{ion tutd lttNpcctlot�of the Pm�eRy. L.ender shall give ;��
<br /> _ 'Y� gomower nodce at the time of or prior to an iaspect�on specifytng reas�nublU snus�f'or ihc inepection.
<br /> -� 10. Condemnatlon.T'he pracceds of aay award or claim for dtuno�ca, dirc�st ar rnnxequcndal� iri conuection wi�h any
<br /> .:��-�:�'. coademnation or other taking of any par�of the Property,or for wnveyunw fn li6u uf cundcmnnttan, are hereby auigned and
<br /> �_ shall be paid to I.ender.
<br /> _;�,_ , In the event of a total taking of the Property,the proceeds a�ali bo applied to tho Rums sccurcd by this Security Iascnun�nt,
<br />__ "--� Ft� whether or not then due,with aay�acess paid to Hoerower. 3n the event of n pnrtlal taktaa of tho Pmpeny in which the falr .
<br /> �., _ market value of the Property immediately before the takiag is equal to or grcuter thun the nmouju aP thQ eums secured by this
<br /> ' � Security Inscrumenr+mmediately before the taking,unless Borrower a»d Lender otherwlso apr�w in writing,the surns secured by
<br /> ,� "° this Security Insuumenc shall be reduced by the amnuat of the proceeda multipitcd by thc faltowing fractiou: (a) tbe total
<br /> �, amount of the sunae secured fmmediatety before the takLig, dlvlded by(b)thb fnlr markct vuluc of tho Fraperty Iramediate1Y
<br /> ��i`-`'�"� `��` befare the taldag. Any balaace shall be pald w Borrower. In the event of u purtial tnking of tho Property ia whtch the fair
<br /> � " ` f�t�� market valse of the Property lmn►edisul9 before the tekiug is less than the amouat of the eums sccur�:d tmmcdiatcly befor�e the
<br />�'��'�;� •`-�`� taking,ualess Borrower and Lender otberwise agree in wdting or unless agplicable iaw nth��rwlae provides.ihe proc�shaU
<br /> ��:��'S i":� be apPlied to the suma secured by this Se�.uiry InatruQ►eat whether or aot the aums are then duo.
<br /> If the Property is abandoned by Borrower.or if,nfter nodce by Leadcr to Bonower thnt the wndemnor offits to tuake an �.:
<br /> ;�, =�- ---�'�� award or settle a cleim for damages. Borrower fails to respond to Lender wtthin 30 days after tho dato tho nodce is given, _
<br /> � "�'{��'! Lender is authorized w colle�t aad appty the proceeds,at ita opdon,either to cesroration or repatr ot tho Ptoperiy or to the sums =
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<br /> ;s}��5r secured by this Seeurlty Insuun►ent,v�+hether or not then due. ;._
<br /> Unless Leader and Horrower otherwlse agree lsa wdting, any applicatioa of proceeds w pdnclpnl ehnll nat extend or �;>:.
<br /> ��a��, , postpone the due date of the monthly payments referred to in para�rapha 1 and 2 or change the amount of euch�aymcnts. C.r:,`
<br /> :s,��, 11.Borrower Not Releas�Farbesrnnce By Lender Not a Watver.Extension of the time for puymcnt or modlflcatioa __
<br /> �-��� of amortization of the sums secw+ed by this Securlty Inetc�unent Breu�ed bY Lender to eay suceessor!n intecest of Borrower shall �
<br /> ----:�s�--..�� not operate to release the liability of the original Bortower or Borrower'a aucce.asora ia interest.L�,mder Phalt aat bo requtred to _
<br /> commence proceedings against eny swccessor in interest or refuse co exiend tji:ia f�;�ayuSettt ar at�ess:�i•w ss:�lf;sa�s �nr�n �
<br /> of the svms secureci by this Security lnsm►mea►t by reason of aay den�and made by the odginal Dorrower or Sorrower's
<br /> --- - euccessors in interest. Aay forbearance by Lender in eaercising eny riBht or remedy sha11 not be a wnlver of or precluda the
<br /> _ —�� exercise oP any dght or rcmedy. --
<br /> `_-- - 12. Successors and Assigns Bound;Joint and Several LisbIDty; Caslaners. The wvenante and agrecmente of this
<br /> ;.-=-
<br /> _ Securlty Insuument shaU bind and beuefic the sucsessors and assigas of Lender aad Honower. eubJect to thu ptovlatc�ns of
<br /> paragraph 17. Bormwer's coveaar►ts end agreemente shall be joint sad cevernl. Any Borrower who co•aigi�s thie Sea;udty
<br /> Iasuumeat but does not execute the Note:(a)is co-siAaing this Security Iasttwrtent orily to mortgnge,grant and convoy tha3
<br /> --- Borrower's interest in the PmpertY under the temas of this Se�urlty Iastcumear,(b)is not personully oblf�atcd to pay th�autns
<br /> secured by thts Secudty Inst�ument; and(c)a�rees that Leader and eny other Borrower may agreo ro extsnd.moclNy. focbesu or
<br /> make any eceommodattons with regsrd to the telms of thia Security Insuument or the Note witdout that Borcowcr'�cuxuent.
<br /> 13�Loan Chargc9.If the loan secured by this Security Inem�ment is subJoct to a law which eeu tnaxiraw�n loan ch�rpcs.
<br /> aad that law is finally i�uerPreted so that the intereat or other loan cherges caAected or ro bo collccted In wnttesilan wlsh tho
<br /> loan exceed the permitted limits.then:(a)any such loan charge ahall be reducxd by the nm,ouut neceseery to reduco tbo cherge
<br /> _-----_-- to the permitted limit;and(b)anY sums already collected fr°m Borrower whtch excceded peamitted limite will bo�eilinded to
<br /> Borrower. Lender maY ehoose to malce this refund by reducing the principal owed uadcr tho Noto or by mticing u dkect
<br />_ _�_ payment to Borrower. If a refund ndvces priactpal, the reducdon will be treated as a parttal ptcpayttlent wlthnut atsy
<br /> - - __ _�� prepayuaent cLarge nndei the Note.
<br /> -- - �d. r?.�c�.Aav a��ce to t3nrrower provided for in tlus�c;uiity i,istrutn�'ni sk:.tl he;iv�t 1_►y��livprinn �1 ne hy ttm(IiR�:
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<br /> it by first oIass mai:ualess applicable law cequires use of aaother abetha�d.'I'h@ aouce sttau bo aimc�i iu uz6:=a�'r:�:::+wo.�.
<br /> ;°°�---� or a�ny otb.er address Boaawer des�BnaYea by nodce w I.eader• AnY aotice w Exnder shail be givea by firat claa9 m�il to
<br /> Lender's address stated herein or any other addre�ss I.ender desigaates by notice to Bormwer. Any nottce provlded for In tMs
<br /> � Security Instruraent shall be deaaed to have bcen given to Horrower or Lender when given as provtded iq tbie psu�graph.
<br /> 15.Goveradn8 Law; Severab�ity. T�is Security Inst�ment�ehall be governed by federal law and iho IAw af tho
<br /> _ -:,,� jurisdictiori in whtch the Property is located. In the event that anY Provision or cisuse oY this Socurlty Jneuuit9cnt ot th�Nota
<br /> � -= contlicts with applicable law,such conttict shall not affect other provieions of t6is 5ecurity Instrument or the Noio wi�lch eun tw
<br /> =M -- _ gfiveu ef.�ect without the contlicdng pmvidon.To this end the pmvisions of this Security Insusunent nnd the Noto aie d��cl�rd�d
<br /> ��� to he severable. � of the Note and of this Securlry Ineuvmcnt.
<br /> °'_;;:l�f;;, ti 16.l3ormwer s Copy.Borrower sbsu be given one oonformed coPY
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