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<br /> pwymeats rrwy no longer be reqnired�at the option oY Lereder.if mortgage inaurance coverage(in iho tmount AnQ for tbe pr,riod��
<br /> thut i.ender rtquires)provIded by an insurer apgroved by i.ender aguin becomes nvuilabie und is o6tai►eod. Rarrovrcr shdt pay
<br /> the prcn�iiums rcquircd ta maintain mc►rtgage irtsui•ancc in cffcct,or to�rovidc a foss�cscrve,umfl ef�c rcqufrernent for nlort�a�e
<br /> ins�imncc ends En accordaace�vtth ony w�itten usreemsnt between Ac�nower ru►d J.cnder or appticnble Imv.
<br /> 9.Inspnctbu.L.etxlcr or itx agent may mnlce c�eua�sarit�hlc entries upan futd inspectians af the Ptoperty. Lcndcr sheil g�vo
<br /> Borruwer natice at the time of or pttor ta s�n inspection speclfying re�.sonable cuuse far thr Inspection.
<br /> 10.Condemnatbn.'1'he praceeds of an}�award or claim for dan�ages, dicrct or consequer.tial� in connation with any
<br /> cornlemnation or othcr taking of any purt of the Property.or for convcyance!n lieu af condemnatfon,ure hereby assigned at�d
<br /> shell be paid ta I.ender.
<br /> In the event of o total taking af the Property.the praceeds shall be applied to the sums securod by this Stcurity Instnttnent.
<br /> whethcr ar not then due,with cury eacess paid to Borrowcr. In the event of u psutial tnking of thc Property in whtch the fair
<br /> market vulue of the Property immedfutely before the teking ls equal to or gre.lter thun the arnount of the sums securdd by this
<br /> Security Instcument immediately before the taktng,unless Bormwer nnd I.cnder otherwise agree in writing,the sums secural by
<br /> this Security Instcument shull be reduced by the umount of the pro�eeds multiplied by the folluwing frttetion: (u) the tatal
<br /> amaunt af the swns secured immediately befare the taking.dividad by(b) the fair m�uket value of d►s Property Imniediately
<br /> befo�the wking. Any bnlancc shall be paid to Borrower. In the evsnt of a part�al taking of the Property In whlch the fair
<br /> market vniue of the Propecty imn�iately before the teking Is less than the aatount of the swr^.s secured immedintely before the
<br /> wking, uNess Bomower and Lender otherwise a�ree in writing or unless applic:tble law otherwlsa provides. the ptncecds shap
<br /> be upplied to the sums securod by this Secur�ty Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrnwcr,or if.after nottce by L.ender to Borrower that the cundemnor offeES to make an
<br /> awnrd or settle n claim for damages.Borrower faiis to respond to Lender wIthin 30 days after the date the notice Is given,
<br /> I.ender ls authorized to coilect and apply the proc�ds.at its optlon,either to reswration or repair of the Property or to the sums
<br /> secured by this Secudty lm3tnuneat.whether or not then due.
<br /> Unless Lender and Borrower otherwlse egrce in writin�, any applfcatIon of praoeeds to principal shall not extend or
<br /> postpone the due date of the ronnthly paymants referred to in paragraphs 1 and 2 or change the amonnt of such payments. �
<br /> 11.BormwPr Not Released;Forbearance By I.emder Not u Waiver. Extension of the¢Ime for pay�nent or modificatloa
<br /> of amortization of the sums secured by this Securlry Instn�ment�ranted by Lender to any successor in intemst of Borrower shali
<br /> not opernte to nlea�e the Itabllity of the original Borruwer or Borrower's successors in interest.Lender shall not be required to
<br /> commence prooeedings agninst any successor in interest or zefuse to extend time for payment or otherwise modify:unordTatlon
<br /> of the sums r�ecured by this Security Insuument by rration �f eny demand sraade by the origlnal Borrower or Borrower's
<br /> sucaessors in interest. Any forbearnnce by Lender in exercising any ri�ht or remedy shall not be a waiver of or preclude the
<br /> exercise of any dght or.remady.
<br /> 1Z. Suaces�ors and Assigng Baund;Joint and 3everal Liability;Co-slgneis. The covenants and u�ceements of this
<br /> Security [nstrument shall bind and benefit the successors and assigns of L.ender and Borrower. subject to ttie pra��islons of
<br /> paragraph 17. Borrower's covenants and agreements shali be joint artd several. Any Bomower who ca-s'sgos this Serurlty
<br /> �nstnsment but does not execute the Note:(a)is eo-signing this Securiry Instn�nent only to mortgage. grna�t and convey that
<br /> Borrower's interest in the Property under the terms of this Security Insuument:(b)is not personally obligeted to pay the sums
<br /> secured by this Secudty Instrument;an�(c)agrees thnt Lertder and any other Borrower may agrce to extend. modify,forbear or
<br /> make any aocommodatiuns with regard to the terms of this Security Instcument or the Note without that Bomower's consent.
<br /> i3.Laan Chargcs.If the loan secured by this Sec�rity Instrument is subject to a law whlch sets maximum loan charLes.
<br /> and Nu►t law is finally interpreted so that the interest or ather loan cher�es collected or to be coll� in cannection with the
<br /> toan exceed the permitted limits,then:(a)any such loan char�e shall be ralviced by the umount neccssury to reduce the charge
<br /> w the pecrtrrnued IimSt;and (b)any sums already collected from Borrower a aich exceeded permitted limits wiU be refunded to
<br /> Borrower. Lertder may choose to make this refund by reduring the principal owed under the Note or by makin�a direct
<br /> payment to Borrower. If a r�efund reduces principat, the reduction will be treated as a partial prepayment without any
<br /> preRayment charge w�der the Note.
<br /> 14.NoHces.Any nottce w Borrower provided for in this Security instrument shall be given by deliverins it or by majling
<br /> it by first class mail unless applicable law requires use of another method.The nottce shali be directed to the Property Address
<br /> or pny other addre,cs Bocrower designates by notice to I.ender. Any nodce to [.ender shall be given by first class mail to
<br /> Lender's address stat0d herejn or nny other�ddmss i.ender designates by nottce to Borrower. Any notice provtded for in this
<br /> Sezurity Inswment sh�7 be dee�iad to have been given to Borrawer or Lender wh�n�iven as provided in this para�raph.
<br /> 1S.Governing Law; Severability. This Security Instniment shall be govemed by federal law and the law of tbe
<br /> jurisdiction in which the Property is located. In the event thut any provislon or cluuse of this Security Insuvment or the Note
<br /> conflicts with applicable law,such conflict shull noc affect other pr�,visions of this Secudty Insteument or the Note whneh sar►be
<br /> given effect w�thout the wn0icting hrovislon.To this end the�rovisions of this Security [nstn�ment und the Note are declanad ���
<br /> to be severabic.
<br /> 16.Borruwer's Copy.8orro�ver sh�ll be given one rnnformed wpy of the Note and of this Security instrument. `�
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