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<br /> �...--..- >>ay��ents may no la�tgce h�rcquirecl.at thc option af i.cndcr.f6 mort�nge in4um�xcc covcragc(in the nmount ard foT tiio peri�d • —
<br /> that l.e�xler cequires)pravided by nn insuxcr n2spraved by Lsnder nguln beca�r�cs avuilublc;nnd is abtalned.HarrowGr shali p�y _
<br /> the pterniama roquirad to maintain mortgage tasurance in effcct,ar to provide a loss restrve,until tho reyuiremont for snortgagp
<br /> insurxnc�cnds!n acec�rdance with nny wrttten�gra:ment between Borrower nnd l.ender or opplic�ble law.
<br /> 9.Io�peclion. Lender or its agcnt ma�y makc nrusonablo entries upan und inspcctians af thc Praperty. Q.cnder shall give
<br /> Bomowcr notice st ehe[imc of or pr�or to an inspoctton specifying rcasanablc cause for the inspertion,
<br /> �- -�"� � 10. Ce►b::i�::u:aiton. Ttte piocc2�s of any ar�ard or clnlm fur dam�e�3,dicect nr cnnsequendel, in comia:tion with uny ,___.,_
<br /> rnndemnstion or other taking af any part oP the Property.ar far canveywxc in I ia►of condemnntion,are hcreby assigned and
<br /> ehnll be paid to l.cnder.
<br /> In tho event of a total wking of tho E�roperty.the proceeds shall be applicdta the sums securecl Isy this Security Instmment,
<br /> whether ar nat then due, wtth any eacess paid to Ao��wer. In the evera of a partfal wkln�of the Praperty In which the fair
<br /> market value af the Praperty immediately bPfore the taking is equal to or greater than the umount of tha sums secured by thls
<br /> Securiry Instrumcnt immediately before the tuking, unless Borrower attd L.ender otherwise ugreE in writing,the sums secured by _
<br /> this Security Instrument shall be roduce� by the nmount of the prnceeds rnuldplfai by the follawing fraction: (n) the totAl
<br /> umount of the sums securad immediately befom tha tnking. d[vided by (b) the fair market value of the Praperty lmmediately
<br /> bcfore the tuking. Any baiance shall be paid co Bomower. Tn the event of a pa.nint tnfcing of the Property in which the fair
<br /> market value of the Property imraediately beforc thc taking is less thun thc sinmunt of the sums securcd immediately before the
<br /> ta{cing.unless Borrower and I.�ender otherwise ugree in wdting or unless epplicabla law othenvise provides. the proceeds shall
<br /> - �
<br /> be uppaed to the sums securod by this Secwity Instrument whether or not the sums ni+e then due.
<br /> If the Property is abandoned by Borrower,or if, after notice by Lender W Bo�ruwer that the condemnar offers to ma e an �
<br /> award or settle a claim for damages,Borrower fails to respand to L,ender within 30 days after the date the notice is 6iven.
<br /> Lender is suthoreze.d to collect and apply the proceeds.at its option,either to restomtion or repair of the Properiy or to tho swas
<br /> secumd by this Security Insm�ment.whether or r�ot then due.
<br /> Unless Lender and Borrower otherwise agrec in writ3ng. any applicadon of praceeds to principal shall not extend or
<br /> � postpons the due date of the monthly puyments referred to in parugrnphs l and 2 c•r��nnge che amount of such paymenu.
<br /> 11.Borrower Not ReleaSed;Forbearance By I.ender Not u Weiver. Ext�a�ion of the time for payment or modificat�on
<br /> of amartiuttion of the Fums secured by this Sesudty Instrument granted by Lender to any successor in interest oi Borrower shall
<br /> — — not operate to releuse the liability of the vriglnai Borrower or Borrower's successors in interest.I.ender shall not be requireii to
<br /> — commence proceedings agaia.ct any successor in interest or refuse to extend timo for payment ar atherwise modify amortization
<br /> of the sums secured by this Securtry inst�urnent by reason of any demand�rwde by the ori�inal BonoNer or Borrower's
<br /> - - --_- • -
<br /> saccessors in interest. Any forbear.�nce by Lcnt[er in Cnuziaieg at�y iibitt o�tcnc'�y sha!!stoi ts�a ss�iset �:'�t p[�Issds lttC •
<br />_ --- -- exercisci of any rlght or remedy.
<br /> l2. Suacessors nnd Assfgns Bound;Joint and Several Llability;Co-sfigners. The co�•enants and agreements of this
<br /> Secudty Instruiment shall bind and beneSt the successors and assigms of Lender nnd Borrower, subjcct ro the provision.c of
<br /> paragrapfi I7.•Bomnwer's covenants and agreements shull be joint and several. Any Borrower who co-sigac this Security
<br /> Instiument but cloes not execute the Note:(a)is co-signing this Security Insnurnent only to mortgage, gr.uit and convey that _
<br /> Barrower's interest in the Property under the terms of this Securiry Instrument; (bl is not personully obligated to pny the swns =
<br /> �secured by this Security instrument;and(c)a�,mes that Lender and uny other Borrower may Agrce to extend. modify,for8ear or e�
<br /> make any accommodadons with regard to the tertns of this Security Instrument or the Note without that Borrower's consent. �
<br /> 13.Loan Charges.If the loan secured by this Security Instrument is subject to u law whtch sets maximum loan charges. G°'
<br /> and�that law Is finally interptete�so that the interest or other laun char�es collected or to be coflected in conneetion with the F-;
<br />,� loart eacxed the permitted limits.then: (a)any such loan charse shuii be reduced by the umount necessury to redacc the charge �_
<br /> to the permiried limit;nnd(b)any sums already collectefl from Bottower which exceeded permitted limits wilt be refwsdecl to �-,-.,
<br />,_ Borrower. L�tnder may choose to make this mfund by reducing the prirtcipal owecf under the Note or by msiking a direet �;�
<br /> payment to Horrower. If a refund reduces pr�ncipal. thc reduction will be trentod as n parti�l prepayment without any �'-.
<br /> „__
<br /> prepayment charge under the Note. °' --
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<br /> 14.Notices.Any nodce to Borrower provided for in this 5cx�riry Instium�nt shali be given by delivering it or by mailing E.;;_-;
<br /> it by fi�t class mail unless applicab(a law reqaires use of another method.The notice shall be directed to the PropeRy Address �;�-=_
<br /> •e
<br /> ar any other uddress�orrower designa¢a:s by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> l.ender's nddress stated herein or any other address Lender dcsignates by notice to Bormwer. Any notice provided for in this �-',
<br /> -- -- Security Instrument shall be deemed to have been given to Bocrower or L.endcr whcn�iven as provided in this paragraph. ;-
<br /> 1S.Governing Lnw; Severability. This Security Instrument shali 6e �overned by fcderAl law and the law of the
<br /> jurisdtetlon in which the Property is located. In tho event that any provision or clause of this Securiry Instrument or the Note
<br /> conflicts wiah applicabie Inw,such conflict shall na affect other provisions of th is Security Instrument or the Note which can be
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared
<br /> ro be severable. �
<br /> 16.Bor+rower's Copg�.Borrowcr sh�ll be given one mnformed wpy of�he Note and of this Security[nstrument.
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