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<br /> p�yma�cs may no lan�er bo requirod.u ihe optlun of Lender. if morl�a�e iruurar�ce+cavora��(II�the�rtiount ru�d fitt tbe per(od
<br /> th�t LerKiec requicra)provided by�n inwrer�ruved by Lender�ain b000me��v�flable pnd i�obtainod.9nrmv�mr�bdl pay
<br /> the pranluaw nequiral to aWntain mort�e lnwrancc in ef�'ect,or W provlde�(ou t+e�ervo.uM11 tho t�equim�e�t�fyR nw�V�M
<br /> Imur�nce end�io acco�dancc with�ny written�roement betwaea BorrowGr md Lender m+ipplipibb law.
<br /> !. Lrpai{oo. Lender or iu agmt rtr�r malce�+e�on�ble ent�upon and i�ion�of the Prape+ty. i.a�dt��wl gfve
<br /> Horrower notfa�t the Utne of or p�ot to�n inspaKion�peclfying rwwnrble causo for the itu+�oction.
<br /> Y0. Condeontion. The proceeds of any swud or cl�im for danuQes.direct or conr�equentiwl.in wnnecelnn with any
<br /> c�nderrmation or other talcin�of pny part of the Property.or for rnmeyance in liw nf condemnWion.are heroby�eaiRned and
<br /> � chWl be paid w Lender.
<br /> In the event of a toW ta�ing of the Property.thc prncooda ttudl bo�ppiled to the aums aocund by thia 3ocurity 1nMrument. �
<br /> whether or not then due. wlth any exvess paid to 6orrower. In the event of p pwtial taking of�he Fropeny in whlch the f�ir
<br /> mu�et vulue of the Praperty immedietely beforc the ukiag is oqual to or grcater than the anount of Iha eums sowrod by this �
<br /> _ Securiry Instrument immediately 6efure the taking,unlesa Borrower ond l.endar othorwlse agroc in wr�tin�,tha sumc secutod bY
<br /> this Secudty inatrument sfwll be reducod by the arr�onat of the proceads multiplfod by tho followlog fractien: (G) � ��
<br /> artiount of the sums socur�d immodiately before the laking.divided by(b)the fafr market vdue af the PropertX inunodiately
<br /> befoK the takiag. Any balance shall be psud to Aorrower. In tho event of a pa�tial taking of tha P�openy in vvhich the fair
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immadiataly before�he
<br /> taking, unless Borrower and I.cnder othenvise ag�+ce in wciting or unless applicablc law othenvise provides, tho procead��iwU
<br /> be applied to tix sums secured by this Security instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Horrower,or if.afur notice by I.ender to Burrower that the condemnor ofPs�a to make an
<br /> _ _ award or setde a claim for damag�c, Borrower fails to rer�ond ta l.ender within 30 days after the dAte�ha natioe ia given,
<br /> .`� f..ender is suthori�.ed to collect and apply ihe pracecds.at its option.either to restaration or rcpair of the Property or•to tha sums
<br /> :.�.
<br />-- - secured by this Security Instniment, whether or not then due.
<br /> Unless L.ender an�! Borrower othenvise agree in writing, any application of prom,eds to principal shall nat exlend or
<br /> postpone the due date of the monthly payments referred to in parngrnphs I and 2 or chunge the anxwnt of such pwyxnents.
<br />�:;;q 11. Borrower Not Re:eased;Fofiear�nce By L.ender Not A Walver.Eat�snsion oi the time for payment o�modification
<br /> of amortization of the sums secured by this Security Instrument granted by l.endor to any successar in interral of Hurmwer ahall
<br /> not operate to release the liability of the odginal Borrower or Borrower's succes.gors ln jntcrest. Lender shall nnt be roquired to
<br /> i�'� � rnmmence proceodings against any successar in iaterest or refuse to extend tima•far payment or otherwise modify umortization
<br />= af the sums secured by this Security Instrument by reuson of any demsind mude by the original 8orrowor a� Barrower's
<br /> " ' successors in interest. Any iorbearance by l.endar in exercising any right or remedy sh�ll not be a w�iver of ar pn�clude the
<br /> ,, exetcise of any right or remedy.
<br />� . 12. Successors and Asgigns Bound; Joint and Several GiAbility; C�igner�. The covenuntF and ugreemenGS oF this
<br /> , Security Instrument shell bind and benefi� the succes�rs and assigns uf I.ender and Bnrrower, subject to tho pruvfsions of
<br /> •,� parAgraph 17. Horrower's covenants and agreements shull be joint and ssevernl. Any Bormwer who co-signs thfs Security =
<br /> - :~� Instrument but does na execute the No�e:(a)is co-signing thiti Secu�ity lnstn�ment only to mortgage, grunt and convey that -
<br /> �.t � ; Barrower's interest in the Property under�he terms of this Secu�ity Instrumem; (b)ia not personally abligutcxi t�pay the sums
<br /> �?�,,.�s�,�;,. securcd by this Security instrument; and (c)agrees that Lender und any other&�rrower may ugree to ea�end,mi�dif'y,forbear or
<br /> z��:, , make any accommodations with regard to the terms nf this Security Instrument or the Note wi�hout that Borroa•er's consent.
<br /> ,•�H .,-
<br /> ;�;t�• 13. I.oan Cha�es. If the loan secured by this Security Instrumem is subjoct to a faw which sets muximum Ic�on chorges.
<br /> and that luw is finally interpreted so thr�t the interes[ or other loun churge+rollected or a� lx collecteJ in conn�rtiva with the !
<br /> � i�..� .. .
<br /> loan ezceed the permitted limils, then: (a)uny such lu•rn chprge shull b►�rrJucecf by tht amount neceswry p�reduce�he charge
<br /> • _n;�e. to the permitted limit;and(b)any wms alreaJy collected from Barrower which exceed��l permiued limits N�ill be refundod[o
<br /> � � ��r, Borrower. L.ender may chrx►�e :o muke this refund by reducinR the principal uwcd uncler�hc Nntc or by making a dircct
<br /> -`�'�'"�,�'4 a ment to Borrower. If a refund roduces iwci ui, ine reductinn will ha treated as a artial
<br /> —?��_:°'-°=�'�^• P Y P' P P Prepuyment w�lhout any `
<br />-:: , +��.�,;„ prepayment charge under the Note.
<br />�:��•"; ���'��;�+�!*� 14. Notices. Any notice to&►rrower pr�wideJ for in thi�Seruriry Instruntvnl�h:dl be given by dcliverin�it �►r by mniling
<br /> �!��;';p^�'� ;';` it by first class mail unless applicablr low rcyuires usc of unothcr mc�hai. Thc notirr sliall bc directeci to thd Propeny Address
<br /> �`F4��'�;��'��; '� �- or any other address Borrower designut�K by mxirc �o Lrndrr. Any nolicc In Lendcr shdll be�Siven b�� lir.rt cluss muil ta -
<br /> � ���;'� , Lender's �ddress stated herein or any other uddre+s I.enJer Jesig�wtc. By notice 1�►Borrower. Any notice pn���idcxl for in this °
<br /> �L;;•�•::.�,.o•` Securily instrument shall be dcemed to have lxcn givcn tu Bc►rr�iacr��r I.rndcr when given u.pn��•idctii in�hi�puru�rrph. =_
<br /> "�' { 15. Governing Law; Severabillty. Thix Sr�uri�y Im�rument tihall Mc govcnkd h�• fcdcral low nnci die Ibw of the
<br /> _ '�'"''! jurisdiction in which the Property is Ioca�eJ. In thc rvent that any pruvi.iun or rluutie uf�hi.5�wurity In+trument��r thc Note
<br /> �y .
<br />-' -.:.a�"'- ��. conflicts with applicnble luw,sunc�onflict shull nut uffert othcr pnwi.iuns��f►hiy S�rurity In,trument or the tiote W hinc�an be
<br /> � ��;�� � ��-arUV � � given cffect without thc conftirting provisinn.To thi�end�hc pnrvi.iemti��f this Serurity Inrtrurnent und the lratc are Jeclured
<br /> �,�,;,,..�..i to be severable.
<br /> f., d, 16. Borrower's Copy.&irrower si�ull tk given one c�►nti�rm.xl r�ipy ul'U�c Nute und nl'lhi. S��uri�y h�atrumen�.
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