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<br /> � pa�y�stientx may no longer be required.et the optiun of i.endar.if mortg�ge inaura��ce coverage(I�t1i6��un�IM�rJ�perbd
<br /> 1i�at�.rnder rcquircw)providod by en insurcr appraved by Lender again ixcomes avaUable und ie obtalr�ed.�arruwer c�ul1i puY
<br /> tt►c pre�itiums ce+;uired tc►n�lntein�r�ortgago insura�xc in effect.or to pravlde a loss reserve,until►hc reyuiremt»t �'ur ntc�ngage
<br /> insurance ends in uccordancB with any wrttten ug�aement betwetn Borrowcr and Lc�xler or uppticable law.
<br /> 9. Inapectfon. Londer or ita agent may m�al�e rea.goiinble rntr�es upon and inspection9 af the Pmperty!. Lender�lwll�ive
<br /> Alorcawer natice at the time aPor priar to nn inspaction�pecifylnb ressonablc cause foa the ipapectian.
<br /> 10. Condann�tton. 'fho prnceeds of any aw�ud ut clalm for d�uges.dlmct or consequenti�l, in wnaecNon w1tA �aY"
<br /> condemnation or other tnking of any part of the Property.ar fur conveyancc in Iteu of wndemrsatlon.$ro hGnby �sslBnal sond
<br /> ' shaU be patd t�Lender.
<br /> In the event of u Wwl taktng of the Property.the proxeda shall bo applied to thc sums sa�und by thl�Secudty►In�trument,
<br /> whether ar not then duc, witt►uny exc�a paid to Sorrower.In thc cvent of a partis� taking of the Properiy in whlch the fdr
<br /> 1 market vnlue oF tho Praperty lmm�lauly before tRe wking ia equal to or greater than the amount af the sums aocµ�+ed by this
<br /> �tcudry Instrument immcdiately before the taking. untesv Bnrrower and I.endor otherwise agrea in wridng.the euma seoured by
<br /> � thts Secrulty Insnument sh�ll be reduced by the umount of the praa�eds multiplied by tho follawing frxtion: (a) the tote!
<br /> ? amount of the swna secured immediately.before the taking.d�vldod by (b) the fair market veluo of the Pmperty immodiately
<br /> lxfore the tuking. Any bnlance shutl he paid to Borcower. In the event of a partial taking of tho Property in wh[ch thc tiir
<br /> market value of tJ�e Property lmmaliately before thq taking is tess than the amount of the sums securod immodiatcly before the
<br /> taking.ualess Borrower and Lender uthetwise agree in wriNng or unles.s applicable Iaw othetwise provid�, the Pivcceds shaU
<br /> be applied to the sums secw�ed by this Security Insuument whether or not the sums are thsn due. �
<br /> 5 ff the Property is ubandoned by Borrower,or if,after notice by I.ender to Borrower that the candemnor offers co rnaice en
<br /> award or scttle a ciuim for dumages. Horro���er feils to sesgond to Lender within��days after the dato the noti¢e�s���.
<br /> I.ender is aushorized to oollect and apply the procceds.At Its option,eIther to restoration or r�pai�r of tbe Property or w the sums
<br /> secured by this Sacwity Instrument,whether or not then due.
<br /> Unless Lender and Borruwer otherwlsQ agxee in writIn�. any application uf proceeds to pri�cipal ehall not eatend or
<br /> postpone the due date of the monthly payments referred to in parngraphs t and 2 or chmnge the smount of such payments.. ,
<br /> 11.Bnrrower Not Released;Forbearance$y Lender Not a Waieer. Extension of thc time for�t�yym�t or modification
<br /> of amorttratlon of the sums secured by thls Secudty Insuument granted by Leader w any sucT.essor in inte�rese oP 8e�r.�`ower shal!
<br /> not opernte to release the liability of the or�ginal Borrower or Borrowet's successors In interest. L.ender shnll not�required to
<br /> commence pr�ings asa�nst uny successor in interest or[efuse ro extend time for pstyment or athetwise modify amortizat�on
<br /> of the sums secured by this Security tasuument by reason of any demand mude by the original Bartowet or Bortower's
<br /> successors In intemst. Any forbeata�tce by I.ender in exerclsin�any right ar reraedy shall not be a waiver oP or preclude tho
<br /> r.zerclx of say ri�hi Qr.r�medy.
<br /> 12. Suocessors sind Assigns Bonnd;Joint and Several Liability;Co-slgners. The covenants and agrcements of this
<br /> Secudty Instiument sh�ll bind and benefit the successors and assigns of I.ender and Bornower, subject ro the provisions of
<br /> paragraph 17. Borrower's covenants artd agreements shall be joint and several. Any Borrower who ca-signa this Security
<br /> Instrument but das not execute the Note: (a) js co-signing this Security Insawnent only to mortgage,.�rant and convey that
<br /> Borrower's interest in the Property under the terms of thia Secur�ty Instrument;(b)is not personally obliguted,ta pqy the sums
<br /> ; secured by this Secarity Insuument;and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or
<br /> make a»y accommaicttions with•regard to the terms of this Security Instrument or the Note without that Barrower's oonsent.
<br /> 13.Loan Chniges.If the toan s$cu►�ed by this Security Instrument ia subject to u!nw which sets maximum loan eharges.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collceted in conne�tlon wtth the
<br /> loan exc�ed the pernutted limIts. then:(a)any such loan charse shull be reduce�by the amount necessary to reduce the charge
<br /> to the permlaed limit;and(b)any sums already collected from Borrower whlch exceeded.pernutte� Itmits will be refimded w
<br /> Borrower. Lender may choose to make this refund by re�lucins the principal owed under the Note or by malctng u dlrect
<br /> ' payment to Bonower. If A refund reduces prIncipal. the reduction witl be treated as a partial peepayment without uny
<br /> prepayment chazge under the Note.
<br /> 14.Notices.Any notice to Borrower provided fo�in this Security Instrument shaq be given by deiivedng h or by mallIng
<br /> ,,. , it by first class mail unless applicable Iaw requires use of Another method.The notice sh�ll be directed to the Property Address
<br /> 'i�, � .,, or any other address Borrower designates by notice to Lender. Any aotice to I.ender shatl ba givert by first class mail to
<br /> I.ender's nddre5s stated herein or any other address L.ender designates by notice to Borrower. Any notice provided for in this
<br /> Secur�ty Instrument shell be d�med to have been given to Borrower or Lender when�iver+�.s pi�ovided in this para�raph.
<br /> '^� "' 1S.Governtng Lnw; Severnbil[ty. This Soeuriry Instrument shall be governed by fc:derul law end the law oF the
<br /> �°�;�'����-�� jur�sdiction in which the Property is located. In the event that any provision or clause of this Se�uriry Inatrument or the Note
<br /> '' �� �`'� conflicts with upplicable law,such canflict shall nat affect other provisions of this Security Insuvment or the Note which cxin be
<br /> y� ,,v'�' �iven effect withaut the canflicting proviston.To this end the provisions of this Securiry Instrument nnd the Note are dectared
<br /> 3 dR��."
<br /> '=��'��i•' to be severable.
<br /> �::y:�"�,�, 16.Borrower's Copy.Borrower shall be given one conformed cropy of the Note and of this Secudry Instrument.
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