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<br /> .. � �yinsnts may no lon�er bc requirod,at the aption of Lender.iP mort�e incur�nce covera�c(ia U�es�nmunt aad:fqr�ba p fsdq�A
<br /> .t�t I,end�r roqui�es)Pto�dded by an inaurer appn►vod by I,,endar��ain beoomea avail�ble wl i�ol�Inndr�ornawae��b�l�ptty
<br /> :the pcemitiias naquircd�o.�mpintain moKg�ge incunnoc!n effect,or a prnvide�Iw.r�aavc,uncil�he roqyl�,t0�r,a�pr�p
<br /> �'i�uuraacc enda in acpord.pnce wlth Ar►y�av[itten ajroenletlt betwde1180Trower V1d 1.e11de�o�yfpliqbl0 (Yw. .
<br /> '' 9.:�u+pe¢Ib�p.I.endcr or iw agcnt may nwke nes�omble entda upon wtd inepoctiotw of the E�qIR�q►.l.rtttbc,s{uiFl���ltile
<br /> �orrower nodce at tha tLne of or prior to an incpxtion�peclfyln�maronable c�uce for Iho inupec;tion. �
<br /> 10. Candemnatran. 7'he pr«xods af ony awand or cl�im Por dt►nr�es.diroct or oonRequontlAl, in,connaat{or�:wi�h�+rry
<br /> oomiemoadon or other�kin�of any put of�he Property,or for convayat�ca ia iku uf uondenuWbn,iuv bproby��iyqad��l
<br /> shal!be paid to I.tnder.
<br /> ln the evont af e total laking oP thc Property,the praoeeda slwll bo appliod to the ams ioarod by 11tie l4acu�ty�.inwbvmdnt,
<br /> ,whether ar not then due,with any excesa paid w Bormwer. In the�vent of a partial WcinR of�ha MupaNy�.ip�•wbinb�lha falr
<br /> merket value of 1he Property immediately befai+e the taking is equal ta or grauer tJwn the wnount•of U��sumR r�►aunad by IhL�
<br /> 5ecurlty Inauw�nnt immediately before the taking.ualess Bornuwer und Lender othervvlse agroe in wri�inp�,thp��ecurod by
<br /> ihie Secutlty Instrutaent shaU be reducad by the amount of the proceeda mult�pNai by the PolluwlqQ fcaaliun: (a) the tatd
<br /> umount af the suma secuted immediately befon the taking. dividod by (b)the fair muket value af the Property immediale�y
<br /> beforc tha taking. Any balence shall be paid tu&�muwer. ln the cvent of a pnrtial takieg of the Property in which the fii�
<br /> market value of 1he Property immedlately beforo tho takin�is less fhen tho amount o�tha surns cecu�d immediately beFone the
<br /> teking,unleas Borrowcr and I.ender atherwise agree in writing or unleas applicable law atberwi�e pmvldca. Ihe prooa�s�!!
<br /> � be�►plied to the aums secured by ihis Security Instrument whether or not Ihe sums are then due.
<br /> • - If the�ioperty is abandoned by Horrower.or if,after notice by Lende�to Borrower that the condomnor offen to imk�e wn
<br /> �`.�� awud or settk a claim Por damagas, Horrawer fails to rcspond to Lender wi�hin 30 days after the dwte the notice is given,
<br /> ' *7,i�;?Zw'r;,"-^� Lender is putharized to collocl and appiy the proceeda.et ita optlun.ellher ta re9lorAllon or repair of the Property or w U,e s��oa
<br /> . '�^in,.
<br /> f,���t�"'� <r'�^: socu�d by thie Socudty Instn�ment,whether or not then due.
<br /> � ;�,.,;��,:�••. U�less l.ender and Borrower otherwise agree in writing, any application of praxeds to princfpal shell nat oatend or
<br /> 4� .... �
<br /> ' �*�:L��� poshtane Ihe due datc of thc moa1hly paymeme referred to in paragrapha 1 and 2 or chenge thc amount of such paymenes.
<br /> 11. Borroaer Not ReleaHed;For6eArance By I.ender Not a Waiver. Batension of the tirne for payment or madiflcation
<br /> .,-,�, " ,, ;; �' of mnortizatian of the sum�secured by this Secudty inatrument granted by I.endar to any successar in lMCrest of Bomnwer sAall
<br /> ��I���� not aperate ta release the IiabiUty af the original Borrawer or Horrower's successars in lntercst. l.ender shall not be requircd to
<br /> •�•�'" •d"�''` ; •" commoncc proccedinga against any successar in interest or refuse to oxtend time far payment or dhenvisc madify amartizalion
<br /> �,�� ;,;�,��,;;,g, ' • of the sums cecured by this Security inatrument by reason of any demend mada by thc wiginal Bormwer or Borrower'e
<br /> ,_ : ' successors in interest. Any farbearnnce by I.endor in exercising any right or remedy shall not be a waive�of or ptrclude the
<br /> ' •. � w,,ri;; ,;.° exercise of any right or remedy.
<br /> , . i2. Su�.'cessors a� Assl�ns Bound; Jaint attd Several Llals!!lty;Co-stg�ers.Tha cavcnarsts a�d ag�r�ts af dsia
<br /> • 'i`������"�' 3ecurity Instrumont shall bind and benafit the successors and a4signs of'Lend�r and Burrower,cubJect to the provlsions of
<br /> � � parugraph 17. Borrawer's covenants And agreemants slwll be joint and several. A�y Borrawer who casigns this Security
<br /> �, �• lastrument but dacs nut execute ihe Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey �hat
<br /> ° Borcower'x intarest in the Property under the terms of this Security Instrument;(b)is not persondly abiigaled 10 pay thc swrar
<br /> .°...;., s�ecural by this Security Instrument;and(c)agreea tBa[ Lender�nd eny other BoROwer may agrce to extend,modify. forbear or
<br /> ^ make eny accommadutions with regard to the terms of this Security Inxlrument ar the Note without thut Borrower's consent.
<br /> 13. Lnan Char�es.If the lo�n secured by Ihis Security Instnmient ix subject to a law wbich sets maximum lann char�es,
<br /> �,y�„ ' , anJ tlwt law is finelly interpreted sa thul the interest or other loan chargec collected or to be collected in connection with the
<br /> (� • loun excoed the permitted limits,then: (a)any such loan ch�rge shull be reduced by tho amaunt necessury to reduce the charge
<br /> 9 d'' � ., � to�he perntittal limit; and(b>any sums alrendy collectecl from Borrower which exceeJed �ermitted limits will be refunded to
<br /> ���� • , &�m�wer. I.ender may choose to muke ihis refund by reducing the prinaipal uwed under the Nate or by making a direct
<br /> ,',. paymcnt io Burn�wer. lf a rcfund reduces principul, the reduction will be treoted ns a partinl prepuymem without any
<br /> ' ' � prcp�ymcnl churge under the Notc.
<br /> . � 14. Noticen.Any nndce to Borrower pr�viJed for in�hi�Security Ins�runxnt shull Ne given by delivering it or by mailing
<br /> U hy fint rl�xs nu�il unless opplicahlc luw reyuires use nf another nuthai.The ix►tice shall be dirated to the Property Address
<br /> � ur any uther udJrc«x &�rmwer dexignute� by n��tice to LenJcr. Any notice tu Lender xhall be given by first class mail to
<br /> :n: .
<br /> . l.eixl�r's uddmss�;wtrd hercin cx uny ather uddres� L.cnder de.ignutes by notire to BoROwer. Any notice pmvided for in �bis
<br /> " ' , ti�.�uri�y In.trununt nhull be deemed w huvc been given to Borrower or LenJer when givcn uti proviJ�-d in thiti p�rugtaph. -
<br /> �� IS. Govcrnlnq la�w•; Severs�billty. This Sccuri�y Inurumcnt shall lx g��vcrn�d by 1'��lerul law and Ihe luw of the
<br /> t '�. °,,,. •"'., �� ,�urfulic�iun in which the Pruperty is lacuted. In Ihe event thut uny provi�inn or rluu�c ol'this Security Instrument or the Note
<br /> w F .' . , �'unllirl,witli opplic�blr luw, sunc�onflic�shull nat uffcrl other provisinn�uf thin Securiry Imtrument or the No�e which cunbe
<br /> ti�, � " �tivcn efl'�wt withuul the conllicting pruvitiion. To Ihi+enJ thc pr�wisions nt'thi�Security Imtrunknt and �he Note are declared
<br /> �'� tu I+c .x�crubl�.
<br /> t ° � � 10. Hurrnwcr'K Cupy.B�►rn�wcr shull bc givrn�mc c��nti�rmcd copy of thc Notc und of�hi�:Securily Inxtrumcm. �� •
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