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<br /> prymerNi m�y no lonpa be tequirod,at the aption of L�ende�.if mort��e inwnu�ce oover�a qn the arrwud and for the perlod
<br /> itut l.ender roqulRS)provlded by an fnsurer app�ti►vad by Lendsr�ain becomes evail�blo ud is abWned.Borrower sh�ll p�Y
<br /> tho premium�roquirod a m�fnWn mort�e inwranoe in effact,or t�provide a la�re�erve.umil the roquinement fut mot��e
<br /> inrura�oe ands!n�acord�noo with any wri�ta�a�anent betwan�orrnwer�nd Leoder or appllabk law.
<br /> !.Iwpecliou. Laider or iu�cnt msy m�ke m�wruble e�qries upon md In�pection�of ihe PmpoRy. I.a�de��hall jive
<br /> Bomnwa��tioe u tMe dme of or prior to�n inspection specffyfn���ble cruue fer the ins�ection.
<br /> 16. Coadesastioa. The proc�aeda of'nny awaod or cldm for d�un�a, diroct or c�n+�eque�tipl. In cauiedi�,n wi�h my
<br /> co�demn�tfon or other uking of�ny part of tho Pmperty.or for co�vry�ttcx in Neu ot oademnation.ue heroby aW�ned�ad
<br /> _ ' �b�lt be paid to L�ncle�.
<br /> In�he evern of a tdal taking of the Property. Ihe proceeds sFwll be Appl�od to the aum4�ccurod by this Securi�y Instrumeat.
<br /> wi�ther or rat then due. wfth any excesa paid w Borrower. In the event of a�rtial taking of ttie Prc�eny in which Ihe fiir
<br /> market v�luc of the Property immediataly bcfom the talcing la oquol to or greater thon thc amaunt of the sum�secured by this
<br /> Security Instrument immediAtely 6efore the t�lcing.unless Bo:rower and Lender otherwise agroe i�writing.1ho sums cecurod by
<br /> �,- this Suu�ity In�u:rnat .•.ha!! be rcduc� by the amount of the proocr.dR molUpiied by �he f�llowing Pndion: la) tha tota!
<br /> Arnount of the sumc secur+cd immodiately beforc tho wking, dividal by(b)the fai�market value oP the Prc�perly immediately
<br /> beforc the taking. Any balance shall be pa�d to Barrawer. In the event of a partial taking of tha Pnq�erty i�which tlw fdr
<br /> market valuc of�he P�operty immediately befan[he taking is less than the amount of the sums securod immedi�ely befoR the
<br /> taking.unlas Horrower and I.ender otherwise agree in writing or unless appllcable law oiherwise provides,the pr0000di slu�ll
<br /> be npplied to the sums secured by dus Svcv�rity Instnunent whether or not the sums are then due.
<br /> If U►e Propaty is abandoned by Borrower,or if.afler natioe by i,ender to Bormwer that�he oondemnor offers to m�ke ui
<br /> - award or settle a claim for damages, �ornower fails ta respond to Lxnder within 30 days after the date Ihe notice is given.
<br />.�?,. Lender ia suthorized to callect and apply the praceads.at ita opbn,either to restoration or repair�f the Property or to the sum4
<br /> securcd by this Socur�ty instrument.whether or not thcn due.
<br /> Unless Lender and Bomower otherwise agree in writing, any application of praceeds �o pri�cipal shall not extend or
<br />==2 postpone the due dete of the monlhly payments referned to in paragraphs I and 2 or change the amount of such payments.
<br /> -����'�`` 11,Borrower Not Released= Forl�rance By Lender Not A WAiver.Extension of the time for payment or modification
<br /> }�
<br /> ?� of amotlization of the sums serured by this 5erurity Instrument grentad by I.ender to any succxssor in interest of Borrower shrll
<br />�;�.� � � not operate to release the liability of the original Borrower or 8orrower's successors in interest. L.ender shall not be requircd Io
<br /> • r :f}. commence proceedings against any successor in interest or refuse to extcnd time for payment or otherwise madify amorti�ntion
<br /> s��� � of the sums secured by ihis Secudry lnstrument by re,ason of any demand made by the originel Borrower or Borrower's
<br /> _ j�
<br /> successors in interest.Any forbearance by I.ender in exercising eny right or remody shall not be a w�iver of or p�eclude the
<br /> - exercise of any right or;emedy.
<br /> 12. Successors And Assigns Hound; Jolnt And Several I.lability= Co-signers. The rnvenents and agrecments of this
<br /> ;q Security Instrument shall bind and benefit the successors and assigns af L.ender and Bnrrower. subjcxt to the provisians of
<br /> ': • t paragraph 17. Horrower's covenants and agreements shall be joiM and severnl. Any Borrower who caxignx this Serurity
<br /> -�'�Ts [nstrument but doesz nat execute the Note: (a) is casigning this Security instrument only to mortgage,gr�u�t and convey Ihat
<br /> :'�r. - � Borrower's inlcrest in the Propeny under the temu of this Security Instrument; (b)is not personally ablisatecl to pay the sums
<br />-' !"' �'� secured b thir Securlt l�sirument;and(c)e rees ihat l.ender and an ather Borrower ma a ree to excend,modif forbear or
<br /> '� �`' v;;w'i:�:��� make any accommodatlons with reRard ca the erms af tbis Sccurity In trument or thc Note wi hout lhat$onower's consent.
<br /> � 'i�"��' 13.l.oan Cbarges. If the laan secured by this Security Instrument is subject to a law which sets ma�cimum loan charges.
<br /> and that law is finally in►trpreted tio that the interest or other laan charges collected or to be collected in connection wllh�he -�_
<br />�,�• � loan ezceed the permiued limits,�hen: (a)any such loan chnrge ahall be reduced by the amaunt necessary to reduce the charge -
<br /> • '�'`���``";�".�r ,,• to the permitted limit;end(b)any sums nlreudy collected Gom Borrower which exceeded pennitted limits will be refunded to —
<br /> ` � ^Y°a �' Borrower. L.ender nwy ctiiwse ta nu�ke this refund by reducing the principal owed under the Note or by malcing a dircct
<br /> ,•
<br />, :+'. payment to Borrower. If a refund reduces principal, tBe reduction will bc treated ati a partial prepaymed without any =
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<br /> �,.;,- prepayment charge unde�the Note. —
<br /> ;� ���;.,�,, 14.Notices.Any nadce to Borrower provided for in this Sewri�y Instrument shull he given by dc{ivering i�or by mailing �
<br /> ,�.;.,t ,,�,, it by first class mail un�ess applicuble law reyuires use of unolher method. The natice shull be directed ro the Property Address _
<br /> `�'�,,,�.�V� �,•' or uny other uddress Bunower designates by n��dce to Lender. Any noticr to Lender shull be given by first clacti mail to
<br /> L.ender'x address stuted herein or any othe�uddres.Lender de�ignutes by nMice lo Borcower. Any notice provided for in this
<br /> � ``� !°'`'=i1 Security Inxtrument shall be dcemed to havc been given�o&�rn►wcr or l.ender when givcn ax providcd in this paragraph.
<br /> � ' ���'`�•� 15.Governln I.nw; Severebilit 7'his Securit Ins�rument shall be ovcrneJ M federal law an�! the luw of�he
<br /> ,; , �ti..�,�r,�,, R Y• Y 6 Y _
<br /> _• � ..�:.. . : jurisdictinn in which ihe Propeny is locuted. In the event ihpt any provision or cluuse uf this 5erurity Tnstrument or the Note
<br /> :�°.�"' con0icts with applicable 1uw,such contlict shall nat uffect other prrnision,of thi�Security Instrutmnt ar the Note whinc�an be
<br /> ��,,:a �-:� � a:'
<br /> ..��, _. .�qr , given effect without the ronflicting provision. To this end the provisionx of�his Srcuriry Instniment and the Nate are declared
<br /> - � '� .. . t�t►e severnble.
<br /> _ �� :�� ,_a: � 16.Borrower's Copy.Burrower shull tx:giveo one cwJamied rupy of the Note u�xi of thiti Security lnstrun�ent.
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