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<br /> '�'� paymentR may no longer be required,at the option of Lender,if mortguge insuraACe coverAg�(in tho amount aad Por thc pezlo�! :�:
<br /> __ ���Q��t� .�..t:���*.,�1�i by ea insurer approved by Lender uguia bewmca�vuilablc uttd is obtu�neci.Honowee a6ull pay �
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<br /> � , ��, thopremiumarequiredto maiatainmortgugeinsurancein effect,or to provide u Ioss reservo,uncu ina requucmcuu�. .�.��,.�ag.. 4_
<br /> . ..:t. y insuruaca ends in uccordance with unY written ag�eement benveen Bunower und Lcnder or appllcable Ir�w. _
<br /> . �� 9. IaspecWon.Lender or its agent may maFte reasonAbleentrles upon aad in5pections of We I°roperty.I.snder s6aU�ive _
<br />___-•° �y �onower aottce�at the tima of or prior to an iaspection specifyln�reusonable caus�for the inspecflon. _
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<br /> • � 10. ConL�zm�nnUon.The proceeds of any dvrara?or ciaim far damages,direct or cQnsequent�al,ln a�nncction wlth uay �--
<br /> ="�?�, wndemnadqnor nther taking of aay part of the Properry,or for conveyance in}ieu of condemnution,see S�ereby assigacd and �
<br /> `_�� shell be paid to I.ender. _.
<br /> y,�: `� In the event of u total tatdng of the Property,the proceedsahall be applied to the sums securedby this Securiry Instrument,
<br /> y� whether or not then due�aith rmy excess paid to Borrower.In tme event of a gaxtisil taking of the Property in which the fair
<br /> market v�alue of the Property immediately before the talci���S equal to or gceater then the ataount of the suma securedby this
<br /> ;5,-.� Security Instcumentlmmediatetybefore the t�idag,unless Borrower and Lender ot6erwise agree ia�vrlting,the sums securedby
<br />,_�``r'�'•' this Secwity Instrument e1ia11 be rrrdu�ed by the amount of the proceeda multiplied t�y Asa following fractton (a)the total _
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<br />-=�T�' amount of the awns secured immediatetS►before the taldng,divided by(6)the falr market value of the Properiy immediatcly
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<br />_��;.,�, before tDie ta,king. Any balance shall be paid to Bonower.In the event of a gardAl taking of the Property in which the
<br />__w�=�� ffiarketvalueoft�ePropertyimffiedlatelybeforethetaking�slessthantheamotmtofthesum�secured'ammediatelqbeforethe
<br /> _.`"'°c taking, onless�uacower and Lender otheiwise agree in writing or unless applicable law otherwise pravides,ths praceeds shail
<br /> -_-:�.� be applied to tha sums secv�eedl by ttds 5eciuitY Instrumeat'uhether or aot the sums are then due.
<br /> ��'�;'� tf th�Progeitpis abaa���by Borrower,orif, afternoticeby Lenderto BorrowortLatthecondemnoroffeis to maltean
<br /> :'l, a�v-�ard or settle a claim for�..���es,Borrower fa�s to sespond to Lender within 30 days after the d�te the notice is given, =
<br />-- Lender�s authorizedto colled and applv t�a proceed.s,at its option.either to restorationor repair of the Properiy or to the sums
<br />-�-.''�"� secured by this Security Instr�ment,BvheY�es or not then dae. -
<br /> � Unless Leader aad Bonower otheiwiso��i��S� �Y aPPlication of proceeda to prindpal shaIl not extend or
<br /> =-�''7°' pucIIpone the due dat$af the monthly payments refe�eed to ia paragrapl�s 1 and 2 or change the emount of sucli paymeats.
<br /> 11.Borrovrer Not Released;Fort�earance BY Y�m��t'Not a Waiver. Extension of the time for payment or modificariun
<br /> _=— of amoztizationaf the sums securedby this Security Inshvwent�cantedby I.ender to any suecessor un ialerestof Borrower shall
<br /> � not operateto r�Ile:�sethe li�b�ity of the or�an�Borroaer ar Borrower's successo:s in interest.Lender sbaU not be reqUiredto
<br /> commenceproc��:�ngs against any successo:in interest or refuse W effiend time for�ayment or othe:cvise modify amortization
<br /> -.- of the sums secured bY this Se�i�p�s���Teas°a of any demand made by the oiipjnsl Borrower or Borrc�wer's
<br /> ,�,� �„��'�rP.rext.Anp fc�b�aaceby J,ender in em�acising any right or remedy sball not be a waiver of or preclude the
<br /> :;�� ex�adse of any right or remedy '
<br /> 12. $oaxssors and Assigas Bouad;, .�Jmint and Severat Ilabiltty; Co-si�ers• The covenants and a�eementsof this
<br /> S��y��e���ll bind and benefit��a snccessors and asSigns of L,ender and Borrower,subJed to the provisians of
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<br /> �. �.,�i�ph 17. Borrowee's wvenants and�,+ro�mentss�all be joiat and severaL Any Boaawer who co-sigas this Secnrity
<br /> °.�,�,.�entbnt does not exe�ute the Note: (a)is co-sig�v.Z�tivs�ec�ity Inst�entontq to mortgage,grant and convep that
<br /> ;,`'�.Iiitl�ower"s iaterest in the Property under the terms of��ecuritq Instrumenh(b)is not personaIlq obligated to pay the avm�
<br /> . . 6����;.���ty����d(�)a�reestmat Lettderaad any other Banowermay agreeto extend,modify>forbsastfr
<br /> - ' make anq acsa'mianodatians with regard to tha torms of thiq Securit�+Instrtunent or the Note without tbat Borrower's wnscnt. ;.:;'` .
<br />- � �3.Loan Char�es.If ths lopa securedby this Securitp Insdruimentis subject to a law wluch sets ma�muue loan chacges,��:.,'
<br /> ;:',� aad that law is finalty inteips�¢edso that the interest or aYh¢r loaa cbarges collected or to be coll�cted in connecbion with the '
<br />,�:��.
<br /> ��excecd�he permittedlumits,then:(a)any sach loan�i.�ge sha11 be reducedby the amouataecessary to reduce the aharge
<br /> , to the p�rmittec�limit; and @)aaY s�s a9a�ady collede�from Borrawerwluch exceeded permittedlimits w$1 be Yef�aded to
<br /> Bonawer. i.endcr maq rhoose to make t➢na�.'�efirad by reducing ahe prinatpal owed uader the��Tote os by makjng a dired
<br /> payment to Borrower. If a refnnd reduc�s�r3ncipal, t]►e redueti�°u'w�1 be neated a� a parY�al gxepayment withvut any
<br /> p�paymGnt cbarge fmder the Note.
<br /> � i4.Notices.An�natice to Borrower Frovide�for ffi this Security Instrument�haIl be gg�iven bq delivering it or'by ma�m8
<br />-- --- -- -- it by Srst class�ai1 unless aPPlicable law xe�3�.s use of anothei method.The notice shall be direded to the PropertyAddress
<br /> or eny ather�►iltlr�ss Borrower desigpates bY nohce to Leader.Anq norice to Lender shatl be.given bp Srst class vnail tQ:.•
<br /> . I.enda�s addre�s stated herein or any ather address I.ender desigpates 1sY notice to Borrower.Apg�otice provided for in this'.:�.
<br /> Security Instmm�ent shall be deemed to Lave lseen given to Borrower or Lender w�ea�qn+en as protilded in this ParaSraFh
<br /> iS.Governing Law; Severx6ility. This Seciuity Instrument shall be go�r.��l bq federat laa and the law of tha
<br /> - jurisdiction ia wtdch the Properly is loeated.In the event that amy provision or clause af this Securlty Instcamentot the Note
<br /> conflicts wirh applicablelaw, snc�►conflict shall not affed othe,rprovisions of this Security Inshusaentor the Not�w�icii ca�u be
<br /> ������o�t the confii,diug provision. To tbis end the provisions of this Secarity Instrahar�i4aad the Note aze de,clared
<br /> -- — t�be severable. '
<br />�� 16. �orrmwer's Copy. Bonowershall be giv�n o�e wnformedoopp of the NoYe and of tbis Security Fras4s'�c�nka�
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