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<br /> at the optlon nt I.end�r. 1� mortQa�a ineura�co oovora�e (in the amaunt and for the period hat I..a►de� requirae)
<br /> provided by�n�nwror�p�xaved by La►der�in beoomeo av�il�ble and is obuinal.Borrower ehall p�y the premtuma
<br /> raquired m m�int�in mortp�e inwnnce tn efteot,ar w provlde� tae� raerve, until the requiroment tor mort�a�e _
<br /> — iruuranoe a►d�in i000rdsnoe �rlth iny written a�roement between&,rroWer md Lender or�pplicable I�w.
<br /> 9.rawpectioa.l.onder o�ita��nt m�y mako reuonabla entries upon md inspectione ot the Property.I.ender ahall
<br /> - �ive Hom�wer notloe nt thetime ot or or to an itupectlnn specityin�re�sonable cau�e for the inepecdon.
<br /> 10. ('ondema�tion.The o�an���w�r+d or cl�im t�rdam��ee,direct nr conseq�bntid,in c�►nnectinn w�th
<br /> - any condemn�tion or other ta�in�ot�ny part of da property,or for oonveyance in lieu ot condemnation, aro horoby
<br /> � +WOi�ned�nd shall be pid to Lenda�.
<br /> � !n the event ot�tot;�l t�kin�nf dw Prc�p�rty,ti�a proceexl8 et►�11 br a�lidcl eu thtl�ums ew:urexl by thia Sw;urity --
<br /> Inatrument,whether ar not then due,with my eYCOe�paid ta linrrower. In the avent of a pwrtial aki��of the Pro�ierty in
<br /> �^�•_-�--:-.;��n„n:.:m which the fair market v�lue of the Praperty immodiately beforc the takin�ia equal to or�reatcr than the�mount ot the
<br /> ------�:�: �- - sums aecurod by this Securtty Instrument immodiately betoro tho ukin�,unlesa Borrower and I.ender oth�rwiec a�r«
<br /> "-4 t-'''�;';'� in writin the sums sxured by this Security Instrument shall be roduced by the amount of the proceeds multtplied by
<br /> �����`.° ��
<br /> �,��_�_� ��;�=. tho followin�laction:(�) the tot�l amount of the aume necured immediRtely before the akin�,dividcd by(b)the tair
<br /> ,�, ,�,, � market value of the Property immedi�tesly bctore the taking.My bal�ncs shall be paid to Borrower.ln the event ot a ___
<br /> ���,�...,.;, . .. .;Y partial takinY of the Property in which the fatr market value of the Property immediately betore the Ukin�is leas than —
<br /> � ,qp�.,;,;�,:,w,� , the amount of the sume saured immodiauly before the takin�,unlesa Bc�rrowec and I.ender otherwise aIIree in wcitin�
<br /> � ;;• • ar unlesa applicable ltw othecwiee provides, the proceeds ahall be �pplied to tho sumB securcd by thia Security �_
<br /> -.��y�. ' ` lnstrument whether or not the eume sro then duo.
<br /> - �,��:�.L:�� �., lf the Property is abandoned by Botrower,or ii,afur notice by I.ender tci Aorrower that the candemnor otters to
<br />- ;:_�. �,�,,,�; r.;�;�,,,. ma ke an awar d or settle a cl�im tor dtm��es, Bortower la{Is to n�pcmd to I.ender within 30 days�fter the date the _
<br /> � �-- notice ie�iven.I.ender is authorized to collect and apply the proceeds.at its aption�either to restoration or repair of the
<br /> Y ' Property or to the sumasecural by thiaSecurity Instrument,whether or not then duc. -.-
<br /> � Unlesa Lenderand Borrowerotherwise a�rae in writinQ.any applicatianot procceds to principal shall not exund or
<br /> � `'"�"�� ne the due data of the monthl �...
<br /> _ P�Po y peyments referned to in pangrapha I and 2 or chan�e the amount of such
<br /> . payments.
<br /> • 11. Borro�ver Not Rcls�sed; Forbearance By I.ender Not a Waivcr.Extension oi the time tor psyment or
<br /> " , .�. moditiption of amortization of the sums secured by this Security Inatrument granted by Lender to any successor in --
<br /> , • inurest of Borrower shall not operau to release the liability of th� original $orrower or Bortower's succese�rs in -
<br /> . inurest.Lender sh�ll not be roquirai to commrnce procoodinga�Yainst any succasor in interest or refuse to extend �
<br /> time for payment or otheraise modify amoctiution of the sums securod by this Security Instrument by rwson of any
<br /> demand made by tho original Borrower or Borrower's successors in intenst. Any forbeannce by L.ender in exercisinE _
<br /> '' any right or remedy shall not be a waiver of or preclude the ezercise ot any right or remedy. _=
<br /> _______ _ _ _ 12.Successors aad Assi�ns Bound;Joiat aad Several Li�bility:Co-siftners.The covenants and agreements `"
<br /> - - -- ----� oi thie Security Instrument sh�ll bind�nd benetit the successors md assigns of Ixnder and Borrower. subject to the =
<br /> provieions of paragraph 17.Borcower's covenants and agreements shall be joint and several.Any Borrower who co-signs
<br /> � this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, E"-•
<br /> gant and convey that$orrower's inurest in the Property under the terms af this Security Instrument; (b) is not �,.-•
<br /> � pecsonally obligate� to pay the sums secured by this Security Instrument;and (c)agrces that Lender and any other �
<br /> Borrower may agrce to exund,modify,forbear or make any accommodations with regard to the terms ot this Security
<br /> ` Instrument or th�Note wi thout that Borrower's consent. ��•_'.
<br /> �'' 13. Loan C6�r�es. If the loan secured by this Security Instrument is subjoct to a Iaw which sets maximum loan
<br /> �� i charges, and that law is finally interpreted so that the interest or other loan charges collected or to be coUected in �
<br /> '' � conrtection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount �
<br /> i�� ; iux;ea�ary tu rexiucC tho ctierge to the permitted limit; and (b} any sums already coliected [rom tiorcower which �
<br /> • j exceeded permitted limits will be refunded to Bocrower. Lender may choose to make this refund by reducing the ;
<br /> , ' principal owed under the I�ote or by m�king a direct pa�ment to Borrower.If a refund reduces principal.the reduction �
<br /> , � will be treated as a partial prepayment witi�out any prcpayment charge under the I�'ote.
<br /> !4. I�otices. Any notice to Borron�er pro��ided for in thisSecurity� Is�.trument shall be gi�•en by deliti•ering it or hy�
<br /> mailing it by first class mail unless applicable law requires use of another method.The notice shall be directed to the �
<br /> Property Address or any other address Borrower designates by notice to Ixnder.Any notice to Lender shall be given by t
<br /> first class mail to I,ender's address stated herein or any other address Lender designates by notice to Borrower. Any �
<br /> ' notice provided[or in this Socurity Instrument shall be deemed to have been given to Borrower or Ixnder when given �
<br /> as pcovided in this paragraph.
<br /> .. IS.Governin� I,�w;SeverabIlity. This Security Instrumentshall be go�•erned by federal laN�and the Iaw•of the �
<br /> jurisdiction in which the Property is located,In the event that any provision or clause of this Security Instrument or the
<br /> ; Note conflicu with applicable Iaw.such conflict shall not affect other pro��isions of this Securit�•Instrumentor the I�'ote �
<br /> ; which can be gi��en effect without the cor:�`licting pro��ision.To this end the pro�•isions of this Security�Instrument and
<br /> �.
<br /> the Note are declared to be severable. �
<br /> � ' �
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