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<br /> � prynxnts�ay no tonger be required.at thc aptlan at�.encler. if mortgagc insurnnce covtmge(in thc'�n�aunt au�d-fQr the perlod
<br /> ! thut l.c►uter rcquires)provided by an io�`ucer c;pp�avul by Lc��der+��tiiin �ecoanes nvnilnblc hnd is uhtut�xed. Bnrn►wcr shal�pay
<br /> � tiu pre�nlums requJre<t to maint�in mortgaga insurnncc in cffcct.ar W pravide a toas a:erve,untll tiu roquire�mnt for r�x„rtgage
<br /> ' fnrura000 endA in aceordat►cn with any writtcn agcament ixtwern Bormwer and Lendcr ar�pplicabla I�w. •
<br /> � 9. �nepeettan.L.e�cier or its egent may make reuson�ble cn�F9 u�n and inspeetione uY tl�e Propetty.l.e�xler atwll�ive •�
<br /> Bomawer natice at thG Nmo of or pdor ta�n inspxtion apecif�rEn�reasoi�s►61e F.xuse far thre lnap�nction.
<br /> � 10. Condemrutton. The paviceed�of any swat'd or zlaim for d�mLges.diact or rnn�oqueqtbal, in cx�nnection v►�ith�ny ,
<br /> � canda�v�aUan or other teking of itt►y pert of the Y'�o�rty�tli{�l1Y C1)AY6��lUCO�Ei IIEU O�6di1t�E:tYHiiiilUit�Ni'J�iGi'�y++:+�I�+w+1+u�si
<br /> shali bo paid to l.ender.
<br /> � [n theevent af n touil takfng af tho Pneperty.the procxeds shafl bo applied to the sums sectsrod by th�is Sxnrity Jnatrurpeat�
<br /> 1 wheth�er ar nat then due,wtth any oxcesw pafd ta Barrower. In the event of a partia!taking af the Pmperty In which the ftlr
<br /> market v�lue c►f thc Property immediately before tho ta�iAg is cqual to or greuter than tho amount oP tha aums sxured by this
<br /> i Sectu�ity lnstrunxnt immodiately befarc tf�taking,unless Borrower utd T,.ctxtcr otherwise agt+ee in wdting,the sums socurod by
<br /> � this Sectulty Instrurt►ent shull he reductA by the amount of thG,prex�tis uiuttiplied by th�foilowlag fraciion: (a) the tat�l
<br /> j amount of the sums secured immodiately.befure the taking.dividcd by (b)the fair murlcet value of the P�+operty lmmediatrly
<br /> ; before thc tnking. Any balanco shall be paid to Borrower. In the event of a partial taking of the Pro�erty in which the fair
<br /> ` mnr�et vulue uf th�c Property immediateiy before We taking ia less thnn the umouat of the sumg sccured immadiately before the
<br /> tAkiag;unless Borrower and Ixnder otherwise�gree in wrWng or ualess applicable law otherwise pmvtdes. the pmceeda shall
<br /> be epplied to the�ums securai by this 5ecurity Instrument whether or noi the sums are then due.
<br /> 1 If the Property is�bnndoned by Borrower,or i,F.aflter noticc by Lender tp Borrowcr that the condem�wr offers to m�ke a�
<br /> award or settle a claim for damuge�s, Borrower feils to respond to Lender within 30 d.�ya aftsr the date the notia is given,
<br /> Ixnder is uuthorize,d to�Ilect nnd apply the procecds.at its option.eithc-�to restamtion or repair of the Property or to the sums
<br /> secured by this Secudty Insuument,whether or�uot then due. , ���
<br /> lJnles� Lender and Borrower othenvise agree in wriUng� tury-appiication of proceeds tv principal sball not eatend or
<br /> postpane the due dute of the monthly payments referred ta in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Boreower Not Released;Forbwrance By I.ender Not a We[ver.Extensian af the tirae for payment or modificatton
<br /> of amor�i�ation af the sums secured by this Security Instniment g►anted by Lender to uny successor in lnterest of Borrower shall
<br /> not operate to releuse the liability of the originul Aorrower ar Borrawer's suc�cessors ln Interest.Lender ahull not be requlred to
<br /> commence proceedinss ugainst any successor in iatersst or refuse to extend tlme for payment or otherwlse modify aatortization
<br /> of the sums secured by thia Security Instrument by reason of eny demand made by the original Borrower or Borrnwer's
<br /> succasors in interest. Aay forbeArat►ce by Lender in ex�rcising any right or remedy shall not lse a waiver of or precludo the
<br /> exercise of any right or remedy.
<br /> IZ. S�ccessors and Assigas Aouad; Jotnt and Several Liubility= Ca-signere. Tho covenunts and agreements of tWa
<br /> Security Instniment shall bind and benefit the successors and nssigna of Lender and Borrower. subject to the pmvislons nf
<br /> paragraph 17. Horrower's covenants snd agreements shall be joint und several. Any 8orrower who co-signs this SecurIty
<br /> instrument but does not execute the Nota: (a) Is co-signing this Security Insuument oniy to mortgage. grant end wnvey that
<br /> Bonower's intcrest in the Pruperty under the terms of thls Secudty Instrumenr, (b)is not personally obligated to pay th$swns
<br /> secured by this Secudty Instrument;end(c)ugree.v that Lender nnd any other Borrower rnay agree to eatend.modify.forbeaz oe
<br /> make any accommadatIons with regurd to the term9 of this Secudry insuument ar the Note wiehout thet[iorrower's consent.
<br /> 13.Loan Cherges.If the loan secumd by this Security I�trument fs subjert to a!aw wh(ch sets maximum loan charges.
<br /> and that law is finaUy interpreted so that the interest or ather loun charges collected or to be collected in connection with the
<br /> loan exceeti the permitted limits. then: (a)uny such loan charge shall be redaced by the nmount necessury W reduce the charge
<br /> to the permitted Iimit: aad(b)any sums already collected from Borrower which exceeded permitted limits will be refnnded to
<br /> Bomower. Lender may choose to make thjs refund by reclucing the principal owed under the Note or by roakIng a dlrect
<br /> payment to Borrower. If a refund reduces pr�ncipal. the reductlun wil( be treate� as a pnrtial prepayment without any
<br /> ���� prepayment chazge undcr the Noto.
<br /> 14.Notices. My notice to Borrower provided for in thls Secuary Instrument shall be gjven by deliver�ng it or by mailing
<br /> � tt by first class mall unless applicable Iaw requires use of another method.The notice shall be directed to the Property Address
<br /> or any other. address Borrower desigaates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> I.ender's address stnted herein or nny other address L.ender designates by notice to Borrower.Any notice provid�for in this
<br /> �,;q►M. Securiry Instrument shall be deemai to have been given to Borrower or Lender when given as providal in this pnrngraph.
<br /> �;��;r�.��: 15.Governing Iatw; Stverubllity. This Securiry Instrument shall be governed by federal law and the law of the
<br /> }',?,•;r, ,. jurisdiction in which the Properry is(ncated. In the event that any provision or dause of this Security Instnunent or the Note
<br /> , } ,;yt conflicts with applicuble la�x,such conflict shall not affect ather prov3sions of thts 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 declerod
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<br /> �- ,...•:�,,�,.::. to be severable.
<br /> �r��������;'`�;:r:., 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note und of this Securiry Instrument.
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