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<br />' T"�' paymenta may no longer be reyuired�ut the optton of Lender,if mortgage insuraace coveca�e(ia tho vnoum�at►d fnr sue gcrlod r°
<br /> that I.ender requires)provlded by un insuter approved by Lender aguin bccoraes uvntluble und ia obtatned.�arrov�er ahnll pay =-
<br /> - • the premlums required to maintain mortgaae lnsurr�nce in cffect,or to provlde a loss reserve.untU the mquirement for mortIIage
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<br /> insuranc�ends in uccordnnce evlth nny weitcen aBreement between Horrov�er and Lender or applicable law. ,�__
<br /> �`� 9. Irtspectton.l,ender or its ngent may meke reasonuble entcies upon and inspecttons of the Praperty. Leudor shnll�Ive �
<br /> � • �orro���ex n�tice aa che time of or prior to un lnspection speclfyIng reasu�able causo for the inspecdon. . ���
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<br /> 10. Cottdemnation.The pmceeda oY any awn�d or claim for damages.direct or consequentinl, in wnuectton witli any _
<br /> -,:� conde�nnation or other taking of any part of the proporty,or for conveyance in lieu of condemnutian,are hareby assigned and _
<br />` =:-�� shall ba Qaid to Lxuder.
<br /> :� . Ia the event of a total u�king of the Property,tbe prece�ds sbsll b�applied to the s�uas secured by this S�utlry Iasuument.
<br /> ;�� whether or not then due,witb eny excess paid to �3omo�ver.in the event of a partial tnkin�of the Pcoperty ia which the fair
<br /> � market value of the Property immediately befora the taY.ing i�equel ta or greater than the anaaunt of the sums secured by this
<br /> � r Securlry Instrument imraediately before�he taking,unless Boreower aad Leader otherwlse agree ia wrtting,th�eums secvmd hy
<br /> : . this Security Insaument shall be reduced by the amount of the proc.eeAa multiplied by che followIag fracdon: (a) the tatul
<br /> �.�.:`:. . ainount of the aums sscwed immedIately before the taking,divided by(b) the feir mnrlcet value of the Property immedlately
<br /> :•-'.t;�'�-,; before the taldng. Any balance shali be paid to Horrower. In tho event of a pattial taking of the Progerty in wblch tba fait
<br />- :=�in` ' market valua of the Praperty immedtately before the takiag is less than t6e amount o f t he sums sec u r e d i m c n�d i a t e l y b e f o r e t h e
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<br /> -- ° _. � taking.uatess Borrower and l.ender otherwise agrze in wrlting or unless agFllcable!aw o�envise providcs, tLe proceeds shall
<br />-�"��'r'�� ��` be applied to the svms sccu�by this 3ecurity Ins�rument whether or not the suaas are then due. .
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<br /> =1�5�-_=• If the Pmperty is�bandoned by Bormwer,or if,after notice by I.cnder to Borrower that the condeunnor offers to make aa
<br />?��,3�r award or settle a clai�t for damages. Borrower faUs tv respond w L.ender wlthin 30 days aRer the date the noticx is given�
<br /> �s.;�,;;;-;., � Leader is auWorIzed to collect and apply ttte Praceeds+at j�s option,either to restnntion or repair of the Pro�erry or to the sums r
<br />-=- +�'`:� secured by tl}is Security Inss�vment*whether or not then due.
<br />� ..i•.�;�:t• � Ucation of roc�ds�to rincipal shall not eatend or
<br /> �,;��,r�;a�: Unless Lender and Borrower otherwise a ia wdttng, aaY aPP 1� p
<br />¢-__�*-_ postpone the due date of ihe montlily payments referred w in paragrapbs 1 aad 2 or change tDe aulount of such payments.
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<br /> .,:�;-:� 11.Borrower Not Released;Forbearance�y Lender Not a Watver.Fs�tension of the time for payment or moditicatioa
<br /> -- � of amor4ization of the sums secus�sl by this Security Tnstrument gcanted by Lender W any succ�ssur in intetest of Borrower sHall
<br /> --�=�� not operate.to nzlease the liab�ity pf'the original Borrower or Borrower'a successors in interest.Lender shall aot be required to
<br /> - comnnemc��mceediags against apy�successor in interest or refuse w e x t e n d t i me for p�y ment or othenvise modifY sueor�lzation
<br />--__- - af i�e 's�nss s�� �y t�iR s�urin' Insuvment by reason of any demiand made by the o�igtnal$onower or Bamower's .
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<br /> --= successa�s in interest.�AnY forbearance by Lender in exercIsiag aay rigiu or remaly shall not be a waiver,vi or p�c;Iu�ia t� .
<br /> __--_��, exercise.of.anY dght or remedy. � .. ..
<br /> 1�.,Suocessons and Assfgos Ban��Joint and 3everal Uab�lltts'i Co�st�ers.The oavenanis and ageemeais,of tb�4 ,
<br /> � 5ecudry Itisuument shaU bind and beneAt the suocessors and assigns of Lender aad Boaower. subjea ta the prov3si�s o�. '� .
<br /> — PazagrapD 17. Borrower's covenaats and agreements shall be joint anA severa1. Any Borrower who co-slgns this.5e,cvi1ty : ;
<br /> -- Insuument but das not axecute tho Note: (a)is co-signiag this Se�udty Insuumen�on1Y�mortga�e,grant and conveY�hat
<br /> -�--� Bonovu�er's i�terest in the Ftoperty under the terms of this Secudty Insanment:'(b)is aot persoaally obllgated to pay the sums
<br /> �� secure�ay.th�s Security Instrument;and(c)agrees that Lender and any other Bonower may agree w extead, mociify,forbear or
<br /> --°= make ar�y�accom�nodations with regacd to the terms of this Seaurity Instnunent or the Note without that Borcower's wnsent.
<br /> 13:Loan Chnrges.If the loan secured by this Se�urity Instrumeru ts subjea to a law which sets ma.zimam loan charges.
<br /> ��.�-:.and that law ts finally interpnted so thaz the interest or other loan c2�arges oollocted or to be ceA�ia.eunae�don with ttte
<br /> •loan excaxl tha pern�Itted limits,thea:(a)any such loan charge shall be reduoed by the amount nece.ssary��o redua the charge .
<br /> to We�gErh�tte�limit;and N)�Y���Y eoUected from Bomower which exceeded permittal limius wW be refttaded to ;. ..
<br /> _-�---- Borrovver. 3.ender may choose to make this refund by reducing the principal owe�t under the Note or by making.n.dlr.ec! .
<br /> paymeTrt�•to•Borrower. If a refuad reduces principal. the redurxion will bs treaud as a pariial PrePayment withou�.auY ,-••:
<br /> prepaym�rii charge under the Note.
<br /> _ .- —�_ 14.Nott�s.Aay nodce w Borrower provided for in tbis SecurltY Instrument shall be given by deYivedng it or bY mailin8 :..
<br /> it by i�ast class mail uNess applicable law requires use of another method. 1�a nodce shall be dire�ted to the Property Addne�
<br /> or an}i other address Borcower deaignates by nodce to I.ender. Any notioe to Lender shall be given by first class mail to
<br /> Lender's address stated hereia or any other address Lender designates by nodce to Borrower.Any nodce provid�f�r�Ia this
<br /> Securl�yr Instr�mem shall be doemed to have b¢z�given to Borrower or Lender ahca given as provided iu tbia pare8raph• • ,.
<br /> 15.Governing Law; SeverabWty. Tt►is Sxauity Instrument shall be govemed by federal law aad the law of thb ..;;'
<br /> jurisdicdon ia wbic6 the Property is located. In the event that any pmvisaon oa clause of this S�rtty Insuument or the Nou �
<br /> ----= oonfllcts with apglicablelaw,auch coro�vision To�th'i�s end the pm ston of this Sec�uity Insaument and the Noto are d lared
<br /> _"4"'""""" given effect withoat the cor�itieting P
<br /> ___ --= to be severabie. � �. .
<br /> - _------ 16.Borro�er's Copy.Borrower shall be givea one conformed copy of the Note�and of this Security Insuuraeai. ..
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