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_.� . . . .. �l�r �ns..._ . _ _=.. <br /> -- � � � ��� ,. _ - _ � - _ <br /> ;� f� ::-. <br /> �, ��,��. .. <br /> �J -�---« <br /> . _._.'___ _—� . <br /> -------- � � ��,_ ��15z�D2 . <br /> - paymen��may no tongcr bc rcquircd.at the option of l.ender,if mc►rt�ngo insur.mce coverago tin the amount wid far the period <br /> thut i.cnder require9)pravidtd by on insurtr ppprovcd by L.endcr ognin bacomcs avuilable and is obtatnecl.fd�rruwer Fifail pAy <br /> ' thc pncr�dums requircd to ma.intnin rtx�rtgage insurance in effect.ar to providc a loss reservc,until the requirenxn4�ar martgage <br /> iusuranc�ends in actordance with any wretten agrament betwe�n Barrawer und l,endar or uppticubfe law. <br /> 9.Im►pudon.Lender or Its agrnt may mnkc rcasonuble cntric.g upcm nnd inspectiona of the Prpperty. Lcndcr shutY givc <br /> Bamawer mtice at the time of or priur ta nn inspoction speclfyfng reasanable causo for the inspectton. <br /> -- __—� 10. Cau�:rama!lan. The pr+oceedv of nny mvard or clufm for damages, diroct nr rnns�quentiul. in wnuecdon with any �__ <br /> oondemnation or other taking of aa►y part nf the Property,Qr for conveyurtce in lieu of cottdemnati�n, nrc hereby assigtted and <br /> shal!be paid to I.e:�der. . <br /> Iu the event of u touil taking af the Property,the proceeda shall be npplied t�the sums secured by this Security Iastcumcnt. <br /> whether or not then due,wlth any excess paid to BoTrower.In the event of a pactial ta;ia�of Ihe Property in wh�ch the Pwir <br /> murket vulue oi thc Properiy inunedIately beforo the talcing ia equal to or greater than the nmaunt of the sutns secuced by this <br />-_ � Serurity Instrument immediately befote the tn3cing,unl�Borrower nnd Lender othenvise agrae in writing.the sumc secured by _ _ <br /> - this Secudty lnstrnment shall be reduced by the umoant of the proceods muldpltod by the following fractton: (a) the total <br /> amount af the sums secured immedtately before the teking.divided by(b)the fair mnrket value of the Pmperty immediately <br /> - before tha talcing. Any balance shali Nc paid to Borrower. In the event of a partiat taking of the Property in which the fair <br /> _- market value of the Propery inwu�diately before the taking is Icss thctn the amount of the sums secured immedIately before the <br />--- — taldag, unless Borrower and l.endet atherwise agree in wdting or unless appllcable Iaw otherwise provides. the procreds shall <br /> be apalted to the sums secured by this SecurIty Insttument whether or not the sums ar+e then due. <br /> If the Property is obandoned by Burrower.or if,after notice by Lendcr to Barnnwcr that the coedemnor offers to make asi . <br /> - — award or �ett1e a clsim for damages. Borrower fails to respond to Lender within 30 days after the date the nodce Is givea, <br /> - I,ender fs euthorized to collect and apply the proceeds.at its option,either to restoratIon or rcpair of the Propetty or to the sums <br /> secured by thls Security Insuument,whether or not then due. <br /> Unless Lender and Borrower othen�vise agrae in writin�. any appllcation of proceeds to principal shall not extend or <br /> - ' postpone t�e due date of the monthly payments referned to jn paragraphs 1 and 2 or change the amount of such puymenu. <br /> - 11.Borrower Not Released;Forbearaace By Lender Not a Wt;iver.Bxtension Af the time for payment or mudiferation <br /> af ama�4azation of the sums secured by thjs Secudty Instrum�nt grunted by I.ender to any successor in interest of Borro�ver shall __ <br /> i not operate to release the liabillty of the original Borrower or Borruwer's successors in interest.lxnder shall not be required to <br /> � oommen�:e praceedings ags�nst any successor in interest or refuse to extend time for payment or otherv�ise modify umortiTatIon — <br /> ! of the sums sc+eured by thfa Secudry Instrument by reason of any demand made by the original Borrower or porrower's -- <br />� - . <br /> _ ,��; sucoess�rs in iutariat. Any fartxarance by f.c:xtcr ia az�rcEsing�y siglss or rentesl;�shs!!not be a�aiv�r ef or gr!�lu�e ihe <br /> exercise of any right or remedy. . <br /> 12. Successors artd Asslgns Boand;Joint and Severnl Llabll[ty;Co-sigaens. The covenants and agreements of this �_ <br /> . Securl [nstrvment shall bind und benefit the suocessors and assi�ns af L.eceder and Borrower. subject to the provicions of "` <br /> _ <br /> tY _ <br /> - .paragrnph 17. Borrower's wvenants and agreements shall be joint and severai. Any Borrower who casigns this Secudty -.____ <br /> Instru�ment but does not exetute the Note: (a) is ca-signing this Secudry Instrument only to mort�a�e, grnnt and com•ey that �` <br /> �_-;�_- <br /> ` Borrower s interest ln the Propr.rty under the terms of this Serurity Instrument;(b)is not personally obli�ated to pay the sums -_ <br /> secured Gy this Secudty Instrument;and(c)agrees that L.ender and any other Borrower may agc+ec to extend, madify, forbear or '' �- <br /> ' � make any accommodations wlth regard to the terms of this Security Instrument or the Note without that Borrower's consent. yv� <br /> ; 13. Losin Charges.If the loan secured by thjs Security Instrument is subject to a law which sets maximum loan chtuges. <br />_ and thut law is tinally interpreted so that the interest or other loan charges collected or to be collected in connection with the <br />= � loan exceed the peimitted limits. the�e:(a)any such loan char�e shall be ceducai by the asnount nocessary to reduce the charge . <br /> ; to the pemutted limit:and(b)any sums already cnllected from Bornower which exceeded¢ernutted limits will be refundai to � <br /> � � Borrower. Lender may choosc to make this refund by reducing the principal owed under rhe Note or by making a direct <br /> paymeat to Borrower. If u refund reduces principal, the reduction wlll be treated as a partial prepayment without any <br /> - prepayment charse under the Note. <br /> �• 14.NaNaes.Any notice to Borrower provided for in this Security Instrument shall be given by dcHvering it or by mailing <br />, it by first class mail unless applicable law mquires use of anothe�methad.The notice shall be directed to the Propeny Address �: <br /> or any other address Borrower desisnates by notice to Lender. Any notice to Lender shull be �iven by first class mail to <br /> Lendcr's address stated hereia or flny othcr address Lender designates by notice to Borrower. Any notlme provided for in this <br /> -: ��,�.� . i Security Instrument shal!be deemed to have been given to Borrower or Lendcr when given as provided in this paragraph. <br /> " � 15.Governit►g Law; Stwena9�iUty. This Security Instrument sh:�ll bc govcrned by federal law and the law of the <br /> . jurisdiction In which the Property is located. 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