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<br /> payments may no longer be required,at thc aptIon of L.ender,If mortgagc insurencc covernge(in thc amount and for the perioc�
<br /> ' •��� •� � -���`� that Lendcr requires)provided by an lnsurer approved by Lender ugain bccomes�vuilablc and is abtelned. 6orrowcr Fhnll pay --_-- _-
<br /> �> • • >, v d loss rescrvc until thc r uircmcnt far mart u e ���_--==���"``�'�-""
<br /> s ired ta msintain mari a c insuranca in cffect ar ta ra i c a . 8 8
<br /> �r the nmlum r u . �l
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<br /> � ' `••�` j„ -. : �� insururtce ends in accatdance wlth an written a reement between Banawer and Lender or a licable Inw. —°
<br /> � ;�„_ .. 7. � Y � PP ---�-
<br /> a aM1 ;r�.�:` .` :; � 9. Insp�tion. L.endar or its agent may make res�onable entriea upon and inspections af the Property.I.ender xhall give --
<br /> Bonower notice at the time af or priar to an inspcttion specifying reasonable cause for the inspectian. ���_---
<br /> � '�",d����.f�:��' 10. Condemnadon. The praceeds of any award or claim far damages, dlrect ar can�equentiul. in conn�ction with eny —
<br /> . . � . . �. candemnation or other takin�of uny part of the Property,ar for canveyance in licu af cnndemnution, are hereby ns.signed and �'1;:<•rae�_±�.-----
<br /> ' ' ., , ::.: shalt be paid to Lender. � -
<br /> ����� In the event of a total takIn of the Pro rt the roceeds shaU be a lied to the sums secured b this Securit insttument, ,,,P�°
<br /> �� . , B Pe Y� P PP Y Y
<br /> j " �� ,. whether or not then due. with any excess paid to Barcawer. In the event of a pnrtial taking of the Property in which the fair ` �`�'T`�r"r;��-`
<br /> • ., �� market value of the Propeny immediutely before the taking Is equal to or grcatcr than the amount of the sums secured by this °��"�f'�.-
<br /> � Securlry Instrument fmmedistely beforc the taking,unless Borrower and I.ender atherwise agree in wrlting, the sumx secured by . ,'�.�,,��k;::
<br /> � this 5ecurtty Instrument shall be reduced by the amount of the proceeds muldplied by the foilowing fraction: (a) the total " . '�''; °
<br /> , amount of the sums sec�►rcd immediately.before the wlcing,divided by (b) the fair market value of thc Property immediately '� :.�".'`���
<br /> before the taking. Any balnnce shall be paid to Borrower. In the event of u partial taking of the Property in which the fair " ',:�•;:r�,�;'�;°: :_
<br /> � • market value of the Prapeny immediately before the taking is less than the amount of the sums secured immediately before the - � '"'��� �
<br /> , " taking,unless Horrowar and l.ender otherwise agrec in writing or unless applicable law otherwise pravides,the proceeds shall � •''�'�'� ;
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due. �; � . '�',�s,..�,;_
<br /> . If the Propeny is abandoned by Borrower, or if,after notice by Lender ta Barrower thst the condemnar affers to make nn ��'�'��"""' '�
<br /> � �,�.:.
<br /> award or settle a claim for demages, Borrower fails to respanG to l.ender wlthin 30 days nfter the date the n�tice is given, � ..�'�'`=-��w`'
<br /> . Lender is authorized to collect and apply the procceds,at its aptian, either to restaratian or repair of the Property or to the�ums ' �:��._
<br /> ' secured by this Security Instrument,whethcr or not then due. � :" ''�°-'��" +`-
<br /> ' Unless Lender and Borrower otherwise agme in writins, any applicution of proce.eds to principul shull nat extend or ` =���R�
<br /> „ � postpone the due dute of thc monthly paymentti refcrred tci in purugruphs 1 und 2 or chungc thc umuunt of such paymentti. ' ..�a � ...
<br /> 11. Borrower Not Releatied;Furbcurunce By Lend�r Nc�t a N'uiver. F.xtcn�iun of thc timc fi►r payment ur maliflcation
<br /> � ' � of umnrtixution of the xum+recured by this Sccurity lntitrument gruntcd hy l.cnder tu uny xurcc+xor in intere+t uf B�mower tihull .`��.
<br /> not�perutc t��rcicu+c thc liubility of Uir ariginui ��rruwcr��r k3��rruwcr'ti+uccesuir+in intcrc�t. l.�ndcr tihalt�xn hc rcquired tu ° '-'"--
<br /> a�mmenre pr�xcc�ling�aguintit uny,urce��ar in interetit ur rcfuhc t��extcnd time ti�r ruyment ur�ithrrwitic nuxiify amunirution '• �'�
<br /> ° � ��f the ,ums secured hy thiti Scrurity Intitrument by rca�im ��f uny drnwnd mudc hy thc uriginul Borrnwc� ur Hurrowcr'h
<br /> surres,on in inten+t. Any ti►rbcuruncc by L.�;ndcr jn cxen ising uny right ��r ronudy .rhuli not hc u wuivcr of or prcrludc the
<br /> ` ' .�..' exercf��•al'imy ri�ht i�r rrmedy. `> ,
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<br /> ,- 12. SucrG+x�►rx und A�ctiiun!� Boundt.loint und Sevend l.lubilityt L�htii�ners. The covenunts anJ agrcrnxnts of this ,
<br /> Security Imtrument +hull bind und benefit thc ,ucce„��r.r anJ u+�jgm uf L.ender un�' Burrc.wer, subject tu the pmvisiom of •• ° ,� ,
<br /> � purugruph 17. &>rrow�r'ti cuvenuntx unci ugreenknt� �hull he jojnt und several. Any Horrower who rc►-�igns this Security •
<br /> ;� Imtrumcnt hut doe+ not exccutc the Notr: (a> iti co-�ignin�thi,5erurity Instrument only to mortgnge, grant and mnvcy thnt . �� ,
<br /> Bnrrowcr's intcretit in thc Property undcr the tcrmy c�f thi�Sc�:urity Inrtrument; (b) i,nc�t personully obliguted ta pay thc sums ;
<br /> ` secured by this Securiry Instrument:und(c)ugrccs that I.cndcr und uny othcr Bwrowcr may agrcc to extend,modify,forbeur or ���
<br /> mnkc any accommcxiations with regurd ta thc terms of thf�Sccu�ity In.trument�r the Note without thut Borrower's consent. �� ' "
<br /> " 13. I.oan Charges. If the loun secureJ by this Security Instrument is subject to a luw which sets maximum loan charges. ' ° r••`�
<br />-.,• und that luw is finally interpreted tio thut the interest or other Inan rhurgcs r��llected or to be mllected in cannection with the "�" � �
<br /> + Ic>un caceed the permitted �imits, then: (u>any �uch Inan charge�hull br reduced h�� the umount necessury to reduce thc chArge ,���f.�=,���-
<br /> /• ' ° to the permitted limit:und th)any sum+already collected from Borrnwer which exceeded pennitteci limits wili be refunded to ,�<�"
<br /> ' Borrowcr. Lcnder may choo.c to makc thi, refund by rcduring thc principul owcd under the Note or by making a direct ,���iFtr'�
<br /> payment to Borrower. If a rcfund reduces principal, the rcJuctiun will bc treuted ati u paniul prcpayment without any '
<br /> prepayment char�e under ihe Notc. , �
<br /> • 14. Notices. Any notice to Borrowcr providcd firr in this Sccurity instrument,hall tx givcn by dclivering it orby mailing . .
<br /> ° it by first rlass mail unless upplicablr luw reyuire,u.c of un��ther methexi.The nc�ticc.hull be dirrcteJ tc�the Prope;ny Address , •
<br /> , � • or any other addres. Borrowcr dc�ignates hy nuti�c tc� Lc:ixlcr. Any naticc to LenJer �hall be given by first cla�s mnil to „ .
<br /> '.. I.ender'ti uddresx .tatcd hcrein or any othcr uddre+� I.enJer Je�ignutcs h�-nutire a� B�irruwcr. Any notice provided for in this �' �
<br /> ° Securiry ln,trument shall Ix dcemcd tci havc bcen givcn tu Borro«•cr cir Lcndcr w�hcn given a.pru�•ided in this paru�r�ph. '
<br /> � • 15.Govern6n� I.uw; Se�•erability. Thi.r Se�urity Intitrumcnt .h�ll tx guvcrncd hy lcdcral luw and thc law of thc
<br /> jurisdiction in ahich thc Pn�ixrty i. IixatcJ. In th�c��rnt that any provi+icin��r clau.e af thi.Scrurity ]n.trumcnt ar the Note
<br /> �` ` contlict.w•ith applicublc law�. �urh r�mtlirt+hull not atTcct othcr provi.iom uf thi.Scruritp Imtrumcnt or thc Notc whinc�an bc
<br /> givcn effcrt without thr cantlictin�prori.ian. 'I'o thi,end thc provi�ium ot'thiti Sccurit�� In.rtrumcnt and thc Notc arc dcrl:trcd
<br /> � to bc scvcrublc.
<br /> . 16. Borrnwer'ti Copy. Burro��•rr�hall hc gi�•cn onc coo(urmcd rop�•of thr Nutr and of thi+Serurity ln.trumrrn. �
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