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<br /> ��aynicnts ntay no la�nEcr he re.quir��l,at th�optios of[,ender,if monga�c inQu�ance couer.7ge(in the amount a,xt for tfx peritx!
<br /> that i..c�xttr rtquircw)pruviJnl t�y nn insurer apgroved by Le��der agui�i Uer:amrs evaiiabtA anct iF otK�lned.Barrower ahs11 p�Y
<br /> �he premlutnr rcyufred to mAinutirt mortgage inxurxnoe in efEoct.ur to providc R los�use►ve,until tbc requfrunent for mo�e
<br /> insurance e�la in uK;cuMence wlth eny wr�ttrn agreement betwan.Bonnwer And[.encler or ep�plic�ble law.
<br /> 9.lropectloa. Lerwkr or ita agent hu►y make re+�son�le tn��les upnn and inspectians of ihc Pc�peny.i.ender e,tul!�ive .
<br /> Bormwcr�x►d�e;et the timc af or prlor tn an inspectton spocifying re+�aonabl�ause for the indp�octton. „
<br /> 10. �ancieii�iu�►tiuj�.Ti�;pr-uccdJs wP aay s�uaed ar elaim for dam�gc�, direst or sons!���*ntinl, in eoRneetlun g+tth ttny
<br /> candemnation or othrr taking of arry part of the Property,or for convey�ncc In Neu of eondemn�Uun. are Irenby assigned itnd
<br /> shull bc pitid tu Lendcr.
<br /> ln the event of a total taking of tha Property.the proceeds rhall bo appliM to the sums secured by this Sec�rity losavnYaU.
<br /> whether or rat thcn duc,wRh any cxcess paid to Borrower. in the avent of a pertial tulcing of t6e Property fi which tho fair
<br /> market value of the Pi�aporcy lmmodiAtely befom the taking ia equal to or greaur than the snwunt of the sums securad by this
<br /> Sccurity Instruuxut inui�llate{y before tho ta{:ing.unless Borrower and Lender osherwIse agrce in writis►g,the sums secured by
<br /> this Stx�erlty Insuument shall ba reduced tsy the amount of tha proceeds multiplied by the followlag fracHon: (a) the taW
<br /> amount of thcs Rums secut�ed immedIately before th�e wking.divided by(b�the fair market value of the Property imxr�edi�uly
<br /> before thc tuking. Any balance shall be puid to�onower. In the event of a partial taldng af the I�roperty in whiclt the fair
<br /> market vnlue of the Property immedtutely before the taking is Icss than the amount of the sums securod lmmediately before tho
<br /> wking.unless Horrower and Lender otherwise agree in wrlting or unlcss applicabte IAw othenvIse pravides,the pmoeads sh�ll
<br /> be appfied to�rie sums secured by thia Secudty Instrument whether or not the awns are then due.
<br /> If thc Property is abandoned by Borrower.ar if.after notice by Lender tu Borrower that the oonctemnor offc�to iitalce an
<br /> nward or settle a oluim for drannges. Borrower fails to respand w l.ender within 30 days after the dace the notice is given,
<br /> Lender ia authorized to collect and apply the prooeeds.at its opuon,either to restotation or repuir of the Property ar to the sua�is'
<br /> secured by this Secudty Instntment,whether or not th�n due.
<br /> Unless L.ender and Botrower otherwise agree in wrldng. aay applicadon of pmceods to pr�ncipal shall not extend or
<br /> postpone�he due date of tha manthly payments referced to In paragiaphs 1 xnd 2 or chenge the aeuaunt of such paymeats.
<br /> 11.Borrnwer Not Released;Forbenrance By Lertder Not a Wuiver.Eatension of the time for paymeut or modificaltic�n
<br /> of amortirsition of the sums secured by this Secudty Instrument granted by Lettder to uny successor in iaterest of Borrower snal!
<br /> not operate to rclease the liubility of the original Borrower or Borrower's successors in interest. L,etider shall aot be requirod to
<br /> commence proceadings ngoinst any su�cessor in interest or refuse to extend time for payment or otherwise m�dit�+amort�atlon
<br /> of the sums securc� by thia Security Insteument by reason of any demand made by the originat Bormwar ur Borroyver's
<br /> saccessora in lnterest. Any forbearanc�by t..ender in eaercising arry right or remedy si�aii m�t bc a wmivef 3f�r�c�3r,�Z�s
<br /> exercise of eny right or r�medy.
<br /> 12. Suocessors aed Assigns Bound;Joiat snd Several Llabllity; Co-signers. The covenants and a�reements of this
<br /> Secudty Instcument shali bind and benefit the suocessora snd assigns of i.ertder and Borrower, subjcxt to the provlsians of
<br /> paragrnph 17. Borrower's covenants and a�reeneeats shall be jotnt and saveial. Any Borrower who co-signs this Securiry
<br /> Instrument but does not cxecute the Note: (u) ia co-signing thts Securiry Instrument only to mortgage.grant and wnvey ti�at
<br /> Bor�owcr's interest in the Property under the terms of this Securiry Instrument:(b)ia not personally obllgated to pay the sums
<br /> secu�+ed by this Security Instwnenr,end(c)agmxs chat Lender artd any other Borrower may agree to extend,modify.fmbattr or
<br /> make any uccommodetions with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.Loan Chaiges.If tho loan secwrcl by thls Secudty In�tninient is subJect to a law which sets ma�cimum loan aharges,
<br /> nnd that law is finally interpreted so that the interest or other toan charges collected or to be colle�in connectIon with the
<br /> loan exceed the permitted limits,then:(u)any such loan charse shnll be reduced by the amount neoe.ssnry to reduce the eharge
<br /> to the permitted itmlt: and (b)any sums already collected from Borrower which exceedod pe�mitted limits will be refunded to
<br /> Borrower. i.ender may choose to make this refund by reducing the principal owed under the Nota or by making a direct
<br /> payment to Borrower. If a refund reduces principal. the reduction wilt be treated as a partial prepayment �vithout sany
<br /> prepayment charge under the Note. ,
<br /> 14.Notices. Any notice to Borrower provided for In this Security Instrument shail be given by defivering it or by mailing
<br /> it by first cluss mall unless applicable tuw requires use of another method. The notice shall be directed to the Property Address
<br /> or any other address Borrower desigaates by natice to Lender. Any notice to Lender shall be given by first ctass mail to
<br /> L,ender's address stated here[n or any other nddress Lender desi�nates by notice to Borrower. Any notice provided for in this
<br /> Sccuriry Instrument shall be deemed to have been given to Borrower or Lcnder when given as provided in this paragraph.
<br /> 15.Governing Luw; Severabiltty. This Sccurlty Instrument shall be govemed by federal Iaw und the law of the
<br /> jurisdictton in which the Prope►ty is locatod. In the event that uny provision or clause of thls Security Instrument or the Note
<br /> confltcts with upplicable ipw,�uch conflict shall not uffect other provistons of this Security Instrument or the Note which can be
<br /> �;:,_�� given effect without the mntlicting provision.To this end the provisions of this Security Inswment and the Note ar�declared
<br /> •'� to be severable.
<br /> y���:-"•'• 16.Borrower's Copy.Borrower shall be g(ven one�.onformed copy of the Note and of this Security Instcument. �,rt
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