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<br /> - � -�� a at the op4ion ot L.ender, if mo:tga�e inbvrance covdrego (in tha emaunt and tor the periati thnt Lender rac�ui��) ,.
<br /> • psavic�ed t�y a�ti insurer nppravac� by 1,enc�er a�uen bsrorrsea nvc�ilnblo nnd is ubtaincc�.Borrower�=h�11 Pay the��rcrraiiuia� �--
<br /> rcqi�ii•uol tc� iar.intnin r�aart4n�� nn�ur�nco in ef�cc3, ar tn p;nvicl.:; n lv��� r::�avo, ibntil thc� rcc�uircr�lcnt for Y-�iosf,�a�;� �• �
<br /> . is�cupans:c cndc in a�r�oedc?nco r�i4G�cny e�rit4cs►n�;rc�r�zcnt b:Y��rr,cn F�nr��r�cr nncl Irnctcr or agsplioablo Incr. k` �
<br /> , �' 9, �a�gsc8�on.Londer or i4�egent casy muka reasonablo cntrics upnn nnd Incpc;cduno of thc Yeu�er2g.Ir;idcr r.i�al1 �
<br />^ •�� � � giva norrower notice ot tSia 4ima of or p�rior ta an inepection speciqylns�easonablo caus9�or tho incpe�tian.
<br /> ,�� 10.Condomnation.'�he p�acecda of any eward or cleiml tor dameg�s,diroct or co�isequentiel,in connectian with
<br /> .'�;�:�y"'��'�''-'`�°�'^`�� eny condemnntlos�or other teking ot any taart of the Pmperty,or tor wn��eyance in lieu of conclemnatio��,ero hsreby
<br /> • � �si�ned nnd ehall tsa p�id to Lencfor. : --
<br />- -�y? �J�:;;�, a�,�� In the event of s totel Uking of 4he Property, tho�Sroccede ohell be applied to thc sums secured b}�this Soaurity
<br /> .:-f;��......Sta.
<br />,_:�T`.;.•• -.. •. • � Inatrum�nt,whother or not then due,with an�y excess paid ta Borrower.[n the avcnt otd partial taking of tho Yroperty in
<br /> � whioh the tair market value ot the E'roperty emmedietely be4ora th�takin�ie equal to or graater than the amount oi tho
<br /> -'•'�{� �' - suma secured by thin�ecurity Ina!n:ment immodieuly before tt►n ceking, unless Borrower and Lendor ot�erwiee a.groo
<br /> • . ." �� in writing, tho aums secured Uy this Security Instroment ehall bo reduced by tho nmount of the proceeda nwltiplied by
<br /> -�-{'.- �„ . �• � Ehe follnwing fraction:(a)the 4ota1 amount at ttia Qtims secured immediately ixfore thc tnking,dividcd by(b)the fair
<br /> � ,� merket value of tha Pmperty ir�zrnediatelq bo:tora tho tal:ing. Any balance chall bs paid to Borro��er.In tho event af e --
<br />; .'��� ' �'' � partial teking of the Property in which tho fair merket value o�tha Property immedietely betore the taking�s lesd thxn
<br /> � ' � tha emount ot tha sume secured immediataly before the taking,unlcs�Dorrowor and Lender otherwise agrx in a�riting
<br />� �+ or untess applicablo law otherwise provides, the proceeda ehell be applied to tha sume 6ecured by thie Sa:urity
<br /> ' Inatrument whe'�her or not tha sums ere th�n due.
<br /> ,,���__ If tha Property ie abandoned by$orcowar.ar if,after notice by Lancier to Borrower that the condemnor oifere to _
<br /> . maka nn award or settla a claim for demages, Borrower faile to respond to Lender within 30 deys aftGr the date the
<br /> �' �� � � notice ie given.Lender ie authorizc@ to coller.t and agply the prac�, at its option.either Yo restnral�on ar reg*�ir of the
<br /> Proporty or to tha suma secured by thie Security Inetrum�nt,whether ar not then due.
<br /> �' � Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shell not ext�nd ar
<br /> : ,� ' �� postpoae�he due dnte oi the monthly paymente re4erred to in paragtnphe i and 2 or change tha amou�t of such
<br /> paymeazts.
<br /> . . 11.Borrower Not Rolo�sed; Forbearance By Londer Not s Naiver.Bxteneion of the timc f�r payment or
<br /> � • � � �� modification o4 nmortization of tha sume secured by thie Security Instri3ment g�anted by I.ender to any successor in
<br /> • • `� interes¢of Bosrower shall not operate to release the linbili4y of the original Horrower or Borrower's successnse in
<br /> �_. interest.Lender shall not bc required to commence proceedings against any euccessor in interest or ref��se to extend __
<br /> � time for psyment or otherwisa rnodify amortizatinn of the sur��s secured by tlus 3ecurity Instrument by reason ut eny �
<br /> demend made by the original Barrower or Bonower's successare in interest. Any forbearance by I.ender in axercising —
<br /> any right or remedy shr�ll not be a waiver of or preclude tha exercise of any right or remecly. --
<br /> „ _ . . . � . . . . ... _�,.,.-- • -----
<br />- 1Z.SIICCC9S0le�II�ASSlgns �souIIO; aout�ana.�ovcral Liawauy;�v-bi�iaoiy. �tio wvonAi,w aTi ag'i'w,:i�� _
<br /> of thia Security Inetrument ehell bind and benefit tha succe.ssors and essigns of Lender end Borrowar, aubj�ct to tlie
<br /> "'� • provisions of paragreph 17.Borrower's cnvenanta nnd agceemante shall ba joint end several:Any Borrower who co'signs
<br /> this Security Instrument but does not execute tha Note: (a) is co'signing thie Security Instrument only to nnortgage, --
<br /> - erant and convey thnt Borrower's interest in the I'roperty under the terms of thie 8ecurity Instrument; (b) ie not `_ .
<br /> �� " personally obligated to pay the eume secured by this Security lnstrument;and (c)agrees th�t Lcsnder nnd any other !��_-
<br /> ' Borrnwer may egree to extend,rnodify,forbear or rnake any accommodations with regard to the terms of this Security ---
<br /> " •� Instrument or the Note without that Borrower's consent.
<br /> � , 13.Loaa Charges.Ii tha loan secured by this Security Inetrument ie subject to a lew which sete mexi�-:�um loan
<br /> �� chnrges,and thnt !nw is finally interpreted so thnt the interest or other loan charges collected or to be collected in �-
<br /> connection with the loan exceed the permitted timite,then: (a} �y such loan charge shall be reduced by the amount -
<br /> necessnry to reduca tha charge to the permitted limit; and (b) any sums already collected from Borrower which
<br /> . esceeded permitted limits will be refunded to Bono�:.r. Le;,der nusy vlw��c tu muke this refund by reducing thc ,
<br /> principal nwed under the Note or by making n direct payment to Borrower.If a refund reduces principal,the reduction
<br /> � will be treated se a pnrtiel prepayment with�ut any prepayment charge under the Note.
<br /> 14.Notices. Any notice to Borrnwer provided for in this Security Instrument shall be given by delivering it or by
<br /> mailing it by firet cless mail unless applicable law requires use of another method.The notice shall be directed to the •
<br /> � •`.•:,, , � . Property Address or any other uddress Bonawer design�tes by notice to Lrnder.Any n�tice to Lender shnll be given by
<br /> ` �`• '�r�';;:;�";i�.;,, first class mail to Lender's address atated heroin or any other address Lender desY�nates by notice to Borrower. Any
<br /> J�� � • .,�,�i�' notice provided for in ttua Security Instrument�h�ll be deemod to have been given to Borrower or Lender when given
<br /> as provided in this paragraph.
<br />-,�,� _ IS.Governing Law;Seversbil�ty.This Security Instrumentshall be govemed by federal law and the lnw of the
<br /> _�� jurisdiction in which the Propersy is located.In the event that any provision or clause of this Security Instrument or the �
<br /> � ;. ., .� Note conflicts with applicable law,such conflict shall not affect other provisions of thie Security Instrument or the Note
<br /> . •� which can be given effect without the conflicting provision.To thie end the provisians of this Securiiy Instrument and (
<br /> 4 the Now tire declared to be severable.
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