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<br /> �°'� at the option ot Lender, if mort�a�e intur+�qCq covar��e (in the smount tnd tor the�perlod a
<br /> . _ —_---_e.—� • �-Le1i�'requiree)
<br /> �� �� orovidd by an inwnr:pQroved by I.at►der ag�in 6ecome�available u�d ia c►bt�in�d, i�xcr�wtr ehell qy the grsrnturYSa -
<br /> - requieod to mainuin mort��e insuance ln etiqyt,or to provide s loee reeorvo,until the roquirement for mort�a�a
<br /> — --- _ insuranoe ends in uxordmce with�ny Nr�ttan,��t�eement between Borrower and Lender or�pplicable l�w. —
<br /> � - 9,laspection.Lender or ita�¢ent m�y m�kp re�aonablo enutev upon snd inspecdons of the Propeny.Ler�der�hall
<br /> * �ive Borrower�otice it the t{me at or�xior to�n it►ip�don specityin�re�sonable cauee for the inspection,
<br /> � �'' 10.Condomaation.Tho procoode of�ny�w�qrd or claim for dama�es,direct or consequentiil.in connxtion with
<br /> " '� �-..?;..s- �
<br /> � ;�.; . .< .�. any condemnation or other alcin�o!�ny part of the Property, or for convey�nce in lieu of condemrution,aro heroby
<br /> ����i . , assiQned and shail be paid to Lender. �-
<br /> ,*,.w..,._ : , jn the event oi a toqf uirin�of the Propersy,the proceede shsli be applied to the sums exured by this Socurity
<br /> '� Inauument,whethec or not then due. with tny exc�s id to Bottowet.In the event of• rti�l takin of tha Pro rt �n
<br /> .t�:�:. . .,, ;�. : P� P= Y P� Y �
<br /> '_ which the[tir markot valua at the Property imme�ii�tely betore the ukin�is oqual to or�reater than the amount of the
<br /> ^ . � ��Y�.' sums exured by this Security Iru;trument immaSii�tely before the takin�,unless Bormwer�nd Lender otherwie�a�r�e
<br /> . . in writinQ.the sums aecured by thie Security Instrument sh�(1 be re�duced by the amount of the proceede multiplied by
<br /> � � - the followin�fcaction:(a)the tottl amaunt af th�t suma secured immediitely before the taking,divided by(b)the fair
<br /> ;Y� .�,�• muket value oi the Pcoperty immediately beforc�the takin�.Any bal�na sholl ba psid to Bocrower. In the event of a �'�
<br /> ;,� � �: :�• � • - . psrtial ukin�of the Property in which tha f�it mnskot value of the Property immediately before the taking ie less thsn
<br />��_�«�. �� . the imount of the sums secured immaliately brforo the takine.unlesa Borrowor and I.endar pthorwise a�cee in writing
<br /> � �, � , or unless applicable law otAecwise pmvade�, thq proceeds ah�ll be applied to the surqs axured by this Security
<br /> , Instrument whotho�or not the sums aro then d�x+.
<br /> • s� • . . If the Proparty is abndoned by BorroNar,or it,afur notice by Lender to Borrower thst the condemnor otfets to
<br /> • maka an award or seitle�claim tor d�mA�ea, $acrower fails to respond to I.ender within 30 diys after the date the
<br /> � ' � .� notice is given,I.endar is wthorized to cc�IlaCt t�nd�pply the proceeds,at its option,either to restoration or repair of the -
<br /> Property or to the sums securod by thisSecurity Instrument,whether or not then due.
<br /> Unlxa Lendec snd Bocmwar otherwisc agroe in writin�,any application of proeaeds to principel shall not extend or -
<br /> postpone the dua date ot tho monthly pqymanta roferrod to in pan�r�phs 1 and 2 or chan�e tha amount of such ��`"
<br /> . MYments.
<br /> l 1. Bonowar Not Rolased; Porba���nce By Leader Not a Wsiver. Extension of tha time for payment or
<br /> .. • madiiication nf amortization of the sums secured by this Security Instrument grantod by Lender io any successor in
<br /> � interest af Bormwer shall not operate w relase the liability of the origintl $omower or Borrower's successois in
<br /> inureat.Lender shall not bo requit+ed to commence proceedin�s aQainst any successor in inunst or rcfuse to cxtend --
<br /> time tor payment ar atharwise modify�rnattiz�tion of the sums securad by this Security Inatrument by reason of�ny
<br /> demtnd made by tha ori�inal Borrower or Borrower's succesrx�rs in interest.Any farbearance by Lender in eYerciein�
<br /> _ any ri�ht or aemedy shell not be a wni ver of ar preclude tho exercise of any right or remedy.
<br /> " --- - -----� 12.Succetsars And Assi�aa Hound;Joint�nd Severd Liability;Co-ai�ers.The covenants and sgraemrnts _
<br /> � of thia Socurity Inatrument shap bind and benefit the successora and assi�ns of Lender and Borrower, subject to the � ;�:.
<br />. provisiong of pare�raph l7.Borrower's cavenants and aQreements shall be pint and several.Any Borrower who co-signs F �•,
<br /> � thia Security It�atrumrnt but doea not ezecute the Note: {a) is co-signing this Security Instrument only to mortgeee,
<br /> " � gront and convey that Borrower's intereat in the Propecty under the terms ot this Securit}• Instrument; (b) is not
<br /> : � I parsonally obligated to pey the sums secured by this Security lnstrument; and (c) a�rees that Lsnder and any other -=
<br /> � Bocrowet may agree to extend,madify,forbear or make any accommodationa with re�erd to the urms of this Security �°'`'
<br /> . ' Inatrument or the Not,e w�itAout that Borrower's consent. -
<br /> i13.Lo�n Charges. It the loen secured by this Security Instrument is subject to a Iaw which sets maximum loan �'=
<br /> - ch�►r�es,end that law is tinaUy intarpteted so that the interest or other loan charges collected ar to be rnllxted in �=,f4�
<br /> '•' connection with the loun excced the permitted limits, then: (s) any such loan charge shall be roduced by the amount �--
<br />-- nacessary to reduce th� charge to the permitted limit; and (b) eny sums already collected from Bc�rrower which �:�°"
<br />: ' eYCeoded parmittod limits will be refunded to Borrower. Lender m�y choose to make this refund by roducing the ' �
<br /> ' principal owed undar th�Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction Q,---
<br /> ' wHl be treated as a penial prepaymcnt without any propayment charge under the Note.
<br />' ' 1�.Noticec.Any notice to Bocrower provided for in this Security Instrument shall be gi�rn by delivering it or by p"`�-
<br /> . mailing it by first class m�il unless applicable law requires use af another method.The notice shall be directed to the - '
<br /> 3 Proparty Address or any other address$orrower designates by notice to Lender,Any notice to Lender shall be given by ;;-;.;�
<br /> ficstclass mail to Lendars address stated herein or any other address Lender designates by notice to Borrower. My n.��-.
<br /> _ � notica provided tor in this Se�urity Instrument shall be deemed to have been given to$orrower or Lender when�iven i�
<br /> ,j�x. as provided in thie pangraph. "..
<br /> ' 15.Gov�arniA�L�tw;Severability. This Security Instrument sholl be governed by federal law and the Iaw of the f'-.�..
<br /> ��" j�risdicdon in which the Property is tocated.In the event that any provision or clause of this Security Instrument or the "'�•-
<br /> '� % Nou eonflicts with applicable law,such conflict shall not affect other provisions of this Security Inatrument or the Note `„
<br /> • �"�� whioh can be givea effxt without the conflicting provision.To this end the provisions of this Security Instrumrni md
<br /> i , � ' ' tha Nota are declata!to be sevenble, il'
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