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<br /> "`"'"�'�—`�""� payn�ents mny no longer Ge rcqufrcd.at ihe option of Lc�cdGr,if mortgaga insw�nncc coverogs(in the nmoant cuid far thQ pe��ad
<br /> that Lender requires)provided by cut lnsurcr approved by Lcrtd�r ugtua becames nvnilubla nnd ia abt�ined.Borrower shall pay
<br /> the prerniums requirod to maintaln mortgage insuranca ln eft�ct.or to pmvid;,u loss reserve,untll the rbquii+e�nent for mongage
<br /> insuranca ends in ac�:ordanoe with any written agrament betwe�n Ho:rower und Lender ur upplicnble law.
<br /> 9.Inspectbn.Lender ar Ite sgeat may m�ice reasonable cnMes upon aad inspectiona of t3ie Propeny. Lender shAU givo
<br /> � � __� Borrower nodco at the ti�ne of or prior to en inspeMion aQrrifytng rc,�sonable cauae for tho inspection,.
<br /> --- 10.Condwnnation.The pmcecds of any award or elaim for damages. direct or caasequential, in comicctlan wIW auy
<br /> candemnition or other taking of any part of the Property+,or for conveyance in lieu of oondemnadon,are hereby asslgnod aad
<br /> shall be paid to I.cnder.
<br /> - In tha cvent of a touil taldng uf the Property,the proceeds shell be appl{ed to eho sums secured by this Securlty Iastrument,
<br /> whether or not thqn dne,with az►y exceas paid to Horrower.In the event of a partlal teldng of the Property ir►whtch Wo fair
<br />_- market value of the Property irtunediately beforo tha taking ia equa!w or g�asitor than the amouat of the aums secured by this
<br /> - — Seciuity Insuumaat immadiately befor�the taking.unloss Borrower nnd Lender atlucwise aKree in writinng,the stuas sccured by
<br /> this Sr.curity Instrument shall be reduced by the amowat of the procxeds muldplied by the following fraedon: (a)the wtal
<br /> amount of tde sums secwed immedlately before the tekin�.divided by(b)the fair market value of the PropertY iramodiatelY
<br /> �•� before the taking. Any balancc sdall be paid to Borrower. In the event of a partlnl taking of the.Property in which the fair
<br /> market value of tha Property Immediutely b0fore the taking ia less Wan the amaunt of the swns secured�r►mediately before thp
<br /> .���� tak�ng,unless Borrower aad L.ender othecwise agre�in wiiting or unless applicable Isw otherwise provides. tha proceeds shtilll
<br /> be applied w the sums secured by this Securlty Instcumeut wl�eiher or not tho sums ure then due.
<br />. If the Property ls abandoned by Borrower.or if.after notice by Lender to Borrower that the oondemnor offers to nu�ke&n
<br /> awazd or seUle a claim for damages,Homower fails ta respend to L.ender wlthia 30 days after the date the notioe Is givCn;
<br /> Lendar Is authoriQed to collect aad apply the pmcceds,at!ts optian, elther to restotntion or repair of the Prop2rty or to tha swds
<br /> secura!by this 9ecurity Instrument,whether or not then due. __
<br /> iJn�ess Gender and &a7awer othe�wise ugree in writing. any application oY proceeds to principal shaU not estend or _
<br /> postpone the due dcue of the monthly p�yments referred to in paragrciphs 1 and 2 or change the amaunt of such paymenuc. °--
<br /> to
<br /> 11.�araaHes Not Released;For6earaace By Lender Not a Waiver.Extension of the tIme for payment or modification
<br /> of amortlxatiaa►of the sums secuc+ed by this Secwlty Instnunent granted by Lender to eny successor in interest of Borrower shal]
<br /> not operate to release the liability of the orliginal Bormwer or Borrower's successors In Interest. Lender sltell not be requited to
<br /> -
<br /> commence pro�edings against eny successor in interest or refuse to extend tlme for payment or otherwlse modify amortizatlon
<br /> '- ___ ,,__ .. ��. , of the sums secured by this Securiry Instrument by reason of any demand made by the adginal Borrower or Bormwer s
<br /> ' successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preciude thc ` -
<br /> �, `� exercise of eny right or remedy.
<br /> 12. Succa�ots and Asslgas Bound; Joint and Several LlabiUty;Co-signers. The covenants and agreemonts of this
<br /> "°'` � ' " ' Security Instrument shall bind and benefit the successors and assigns of Lender und Sorrower, subject to the provlsions of
<br /> �?: � � �' , ara h 17. Borrower's covenants and a ments shall be joint and several. Any Borrower who co-signs d�is Securlty
<br /> -'� '; �;��: Irist iment bot does not execute the Note: (a�co-stgning this Secudty Instn�ment only to mortgage. grant and convey that _
<br /> ;;;•'.: • , s�?T„ _
<br /> . { ''� .,. . Boirower's interest in the Property under the terms of this Securiry lnstrument; (b)is not personally obligated tn pay tha suma `
<br /> ,1 secured by this Security Instrument;and(c)agrees that L.ender and any other Bornower may agree to extend. modtfy.forbear or �
<br /> make any accommadarions wIth re�ard to the terms of this Secudty Instrument or the Note without that Borrower's consent. _
<br /> -; 13. Loan Charges.If the loan secured by this Securi[y Instniment ts subject to a Iaw whlch se�c maximum loan charges. -,_
<br /> ,:;;: and that law is fintillly interpreted so thet the interest or other loan charges collactad or to be collected in conneccion with the �i:_
<br /> -�� loan exoeed the pBmnitted llinits. then: (a) any such loan charge shall be reduoed by the umount necessary to reduce the charge ��,,,_
<br /> • ''r•��,:i �o�e permitted limlt;and(b)any sums elready collected from Borrower whi�exceeded permitted limits will be refunded ta tr_:
<br /> +,`�•. "°• Bomower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dlrect ���;
<br /> hf�i�"''�In. ;�:f�!"'.
<br />_�: ,. ,, �;..,� ^e� payrtsent W Borrower. If a refund reduces principal� the reduction will be treated as a partial prepayment without any �;__•...
<br /> : � ,���� prepayment chargo under the Note. '`
<br /> �,:��; �� � :; .. 14. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by deitvering it or by mailing "'�
<br /> `.,•,•;; � +,�,+�-��..:". it by first class mail unless applicable luw requires use of another method.The notice shaQ be direrted to the Property Address �'_:
<br /> ,ti��'�, •Y`�� °�i:;.: or any other uddress Borrower designates by nottce to L.ender. Any notice to Lender shall be given by first class majl to •-�•._.`.
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<br />�,y,. •1 l.ender s address stated herein or iu►y aher address Lender designates by notice to Borrower. Any notice provided for in this _
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<br /> '�'���- � • Securlry Instrument shuU be deemed to have been given to Borrower or I.ender when given as provlded[n this paragrnph.
<br /> �'} '-:,� ' 1S. Gove�g Law; Severab11ity. This Secudty Instrument shall be governed by federnl law and the law of the
<br /> '•��• !4`�:"'� jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry instrument or the Note
<br /> vj�.�,;J��!'r'.�'" wnflicu with upplicuble la�v.snch confltct shall not affect other provisions of this Security Instrument or the Note which cun be
<br /> ,,.,;,�'-•�.�� : �iven effect without the mn9�icttng provision. To this end the provisions of this Security Instrument and the Note are declared
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<br /> �' �,e.;u„s.:;�.. to be severable.
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<br /> �ti,_;."::�;,:; 16.Bortnwer's Copy.Borrower shall be given one conforn�ed copy of the Note and of this Security Instrument.
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