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<br /> paymentc may no IonQer be roquirod, �t the optinn of Lendcr,if mortgage insurancc rnverx�e({n the Amoun►and for the pe�iad
<br /> tlwt I.ender requires)providod hy a�insurer approvod by l.crKler rg�ln bocomex available^�l la�bwinai.&�rrowcr stwll pay
<br /> the premfums required to m�intain martgege insurancc in offect,or to provldc a loss rescrve, until th�rcquinment for mort�aQe
<br /> — Inwrancs enda in xcordance with any wdtten agroement betwxn Borrowcr and Lender or appitcable law.
<br /> 9.Iuopection. Lendcr or its �gent tnoy makc ru�wnablc�ntries upon end inapections af the Pmpeny,lxn�fer sludl�ive
<br /> . Barrower notice at the time of or prlar to an inspectton spetifyin�re�sanablc cause for thc inspection.
<br /> 10.ContlernnnNon. The procet�s of any award or cluim for dartutgcs, direct ur canuqucntial, i� cnn�ction wfth any
<br /> condemnation or aher talcin�af nny part of the Propeny,or far conveyance in lieu of condemn�tion, xre hereby asxignod and
<br /> _— --_� shall bc p�id to Lcndcr.
<br /> - In the event of a tatal taking af the Property,the proceods shall bc upplial to thc sums accurcd by this Security I�strument.
<br /> _ = whether or not then due, with any excess pwid to &►rrower. In the event of a pactial tsiking of the Propeny iri which the fair
<br /> market vniue of the Property imnu�diately befbrc the tukins is eyual to or greatcr than thc amount of thc aums uxurod by this
<br /> Security Instcument immediately before the tuking. unless Borrowcr und C.cndc�atherwi.r•c agree in writin�, the sums secured by
<br /> - this Securlty Instrument shall be raiuce� by the amount of the praceeds muttipliai by the following fruction: (a> the totul
<br /> -- _--- - ---� amount af the sums secured immediately before the taking. dividcd by (b) the fair nuirkM valuc of thc Pruperty lmmediately
<br /> - — beforc the taking.Any balance shs�ll be paid to Borrower. In the event af a partial taking of thc Property in which the fair
<br /> market velue of the Property immediatcly bcfore thc taking is less than the amount af thc xums secured i�nmcdiatcly bcfore the
<br /> taking, unless Borrower and L,ender otherwlse ngree in writing or unless upplicable law otherwise provides,the pracecds shall
<br /> �,.. be applied to the sums securai by this Sccurity Instrument whethcr ar not the sums arc then due.
<br /> "+ ` If the Praperty is abandoned by Borrower,or if',after�aticc by L.endcr to Bonowcr thAt the condemnor offers to make un
<br /> ,, ' award or settle a claim for damages, Iiormwer fails to respond to I.ender within 30 days after the dute the notice is given,
<br /> i.ender is autharized to collect nnd apply the proceeds,at its option,either to restoration or repair of the Property ar to the sums
<br /> � secured by this Security lnstrument.whether or not then due.
<br /> ,.,r�;�s:°- .. Unless L.ender and Barrawcr otherwise agree in writing, any application of proceeds to principal �liuit not extend or
<br /> �e���4�-�--�-�•��� � postpone the due date of the monthly payment�referrcd to in paragraphs 1 and 2 or change the amount of such payments, -
<br /> ; ••...�t; 11.Borrower Not Releaised; Forbearance By Lender Not a Waiver. Extension of the time fiu payment or mcxiification
<br /> :• �• <}k,.•, ,t.;,.;�
<br /> of amortization of the sums secured by this Sccurity Instrument grantcd by Lender to any sucreswr in intcresi of Borrower shall
<br /> y�,�� •.R�, not operatc to mlease tlie liability of thc original Borrower or Borrower's successars in intcrest. l.encler.r•hall not tx rcquired to
<br /> �•'":�'�-�D'"�".�•� ��.:':` commence roceedin c a a�nst an succetisor in interest or refuse to extend time far a ment ar otherwise rn�xlif am��ni�ation
<br /> ,....{,.�{�., P S� B � � Y � P Y Y
<br /> ;F::•y,.�,•,,; :,. ;�.r of the sums securcd by this Security Instrumcnt by reason of uny dcmand mudc by the original Borrower or Borrower's
<br /> `�:'`'� �•" '':� successors in interest. Any forbearance by I.ender in exercising uny right or remedy shall not be a waiverof or preclude the
<br /> ��.�•.S� �``�• . �r exercise af any right or cemedy.
<br /> - ��"�`'E'j`'"'���� i2.Succes.�tr� �iiit� I4atilKity 8uunci;3uiu[ and tarverui Liabiiity; Co-.r•ignen. The covenunts and agreemen[s of this
<br /> • • Security Instrument shall bind and henefit the wccexsor, and ati+igns of[.ender and Bnrrower, subject to the provisions of
<br /> paragraph 17. Bortower's covenants und agreements shall be joint and tieveral. Any &�rrower who co-�igm this Security
<br />:° , Instrument but dcx� not execute thc Notc: lu) is ro-signing this Sccurity Instrument only to ro«rtgagc, grant und corney that
<br /> ' Bonawer's interesi in the Propcny under thc tcrmy of thi�Sccurity Instrumcnt: tb)is not pcnunally obligatcJ to pay the tiums
<br /> ' ticcured by this Security Instrument;and (c)agrces that Lcndcr und any other Borrower tnuy ugrcc tu extcnd,mcxiify, farbear ar
<br /> make any•rccommadations with regurd to thc terms af this Serurity Imtrument nr the Note without that&�rrower'x coment.
<br /> i 13.I.oan Clwr�es. If the loan secure�hy this Security Instrument i�subject to a law which xty maximum loan churges,
<br />,_�., .,4.:,..,,,,..._,�., nnd that law is finally interpretcd tio that the interetit or othcr luun chargc.rollected or tu tx:c�illected in cnnnection with the
<br /> ._ �' loan exceed the pcmiitteJ limit�,thrn: (a1 any wch luaa charge ,hall Ik�rJureJ by Ihc umount nccestiury to rcdu�e the chargc
<br /> .� � m thc permittcd limit:und(h)any +ums ulrcady collcrted fr<�m Borrowrr whirh exrecJrd�xrmiacd limit�will hc refundeJ to
<br /> • _ � •• Borrower. I.ctxier may chi�sc to makc thi� �cfund by rcducing the prinrip;d owcd undcr thc N��tr or hy making a ditect
<br /> � .� paymcnt to &�rrower. If a rrf'und redures principal, thc reduction will hc trratcd u� u paniul prcpuyment H�ithout any
<br />� ' - prepryment chargc under the Notc.
<br /> , 14.Notices. Any noticc to&�ttiiwcr pr��vided tiir in this Srcurity Intitrumc�u tihall lx givcn by dclivcring it or by mailing
<br /> it hy tirtit class mail unlex�applicahle law requires u.c uf anothrr mcthixl. Thr nutier�hall br dircrtcd tu the Prupercy Addresti -
<br /> • ur uny cuhcr aJdre�� &�rrawrr de,ignatcti by nutirc tu I.cnJcr. Any nuticr to LcnJcr shall Ix givcn by firtit clati� mail to
<br /> - .. [.cndcr'.aJdre�s �tatcd hcrcin or uny othcr addrrs, Ixnd�r d�tiignat�.by nutirr to &�rruwcr. Any nutir� pruvidcJ fiir in thi.r -
<br /> r, . . Sccurit�� In.trumenl tihall tk dcrnx�f to have lken givcn t�i B��rrciwer ar LcnJcr whrn givcn•r�pru�•iJ�d in this puragraph. _
<br /> I5.Govcrning I.AN'Q kverability. Thiti Scrurity Intitrumcnt �hull hi gu�crnrd by fcJrr.d law anJ thc lu�• of thc
<br /> �-�. ��^.:� jurisdiction in which the Prup�rty is likatrd. In thr rvcnt that uny provi+ion or claux uf tlii,S�cw�iry In.trumcnl ur thc Ncitc -
<br /> y���.
<br /> coniliets with applicable law.such cimtlict+ha)1 nut atfert uther pr�witiiam uf thi.Srwrity Intitrumenl nr thc Nute w•hirh ran be �
<br /> givcn cffcct withc�ut the cimtlieting provi+icm. To thiti end thc pruei�iun�uf thi�Srrurity lnrrrwnrnt anJ thc Notc arc dcclarcci �.
<br /> - � to be+evcrablc. _
<br /> � ' � ' 16.Borrower's Cup�•.Borz��wcr+hall l+c givcn unc contiinncd cop�•of thc Notc and of'thi�Security ln+ltumcut.
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