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<br /> payments mny no loager be rcK�uired, at thc optian of i..endcr, if mortnage insuranre coverage(in the a��punt ar�d f�r the�criod
<br /> that t�endcr requir�es) providcci hy an insurcr appirovc..i by T.,cnc!er again b�crime.s avgils�lc and is obtaine�i. Sorrower shali pay
<br /> the premiums rcquired 4o mai►rtain mortga��insuranz�in effa:t,or to provide a loss rzserve,until the requiremGnt fvr mortgagc
<br /> + insu.�ance ends in accnnlance with any written agrecment betwe�Borrowrr and l.ender or applica�le law.
<br /> �. �nspection. L:ender or it,� •zgcnc may make rcawnab'ie entri�s u�mn and inspectinns of thc Property. L.cndcr shtdl give
<br /> $orrower notic�nt thc time of or priar tr�gn inspection specifying reaspr�abl�causc for the inspection.
<br /> l0. Condemn�tinn. The prc>ceeds of ac�y award nr �Inim for dama�e.s, direct or conseouential, in connection with any
<br /> conaemn�d�on or other taking of any part os the P�operty, or tnr conveyance ir. lieu af rnn+9emnatinn, art hereby assign� a:�d
<br /> shall 6e.paid t�Lendtr.
<br /> In tlic event of a total taking of Phe Property,the prac.�eeds shall be upplied to tht su;n,ucvred by this Security Instrument,
<br /> whcther r�r not then due, with any �exre�s paid tn Borrower. Irt the even� �f a partial taking of tht Property in which the fair
<br /> mar4ct v�lue oi the FropecYy immeciiatc�y beCorc [he taking is equal to or gmater than the a�noant of the sums securcd by this
<br /> Seculity➢nstrrament immediately berore the taking, unlcss Bnrrower and Lender otherwise agre�in writing, thc sums sc�ared�by
<br /> this Security lnstrument shall be reciuc� by the amount aF the proceeds multiplie� by the follawing fraction: (a) the edta!
<br /> . amount af the sums secured imm�iatei;y hefore the taking, divided by (b) the fair mark�t v�tuo of the Property immediately
<br /> befare tiic: taking. Any balance shali be pzid to d3orrower. In thr event of a partial taking of the Property in which the fair
<br /> market ua]ue wf Ihe Prpperty im�nediately befpre th�taking:�s Itss than the amount of the sums secured immediately beforb trte
<br /> ta�ing, unlesc F3orrower an1 L.ender otherwi�.agr� ire writ ng or unless appliCable iaw otherwise prmvidts, the proceerls shall
<br /> be appGed ta the sunu secured'�y this 5a.urity ins[rumtnt witcthe�or na�t the sums�re then duc.
<br /> If the Property is abando°.ied by t3o�rowtr, or if, after notice by Lender to Bc�rrower that ihe condemnar offers tp makt am
<br /> awarv� nr sr.rcic a claim far damages, Bnrrower fails tc� res�pond to I.ender within 3U duys aRer the date the natice is given,
<br /> Lcnder is authori��d to c2�Elec.t and apply the procceds, at iGc�ption, either to restor.►tion or repair of the Property or tp thc sums
<br /> Gtx.°ure�by ti;;s Secur�ty Inst�vment, whether or nat then due.
<br /> Unfes� i.,en�icr and B�rro�ver othenvise agree in wri2ing, any application of proc�eds to principal shall nnt extend nr
<br /> postpone thr,due date of th.monthly payments referred to in paragraphs 1 and 2 or change the arnount of such payments.
<br /> 11. �iorrnwer�Ivt �.elca5ed; Forbeara�nce ,By T,ender Not a �Vair•er. Extension of the tir.�e for payment or modificatian
<br /> vf amortia_ation of the suris secured by this Se4urity Instn•�ment granted by Lender to any suCCe.ssor in interest of Borrower shall
<br /> not operate ta relea_re the liability of the original Bprrow�sr vr•I3arrower's successars in interest. Lender shall not be required to
<br /> cnmmence �,roceedings:sgainst any successor in intercst or refuse to eatend time far payment or otherwisC modify amortization
<br /> of thc surns secure�l by this Sccu�iry In.strurm:nt by c-eason of any demand made by the original F3orrower or Borrower's
<br /> successmrs i�i interest. Any farbearance hy Lender in ��zcrcising any right or remedy shall not be a waiver uf or pr�clude the
<br /> exer�ise of any right t�,r remedy. •
<br /> P2. Succ�sors and Assigns BouRd, .�oint ar,d Se�eral Liabiiity; Co-signers. The covcnants and agrcPments of this
<br /> Securit.y Instnament shall bind ar�d bexietit the succ�ssors an�d assigns oF L.ender and Barrpwer, subject to fhc provisipns Of
<br /> paragraph l7. Bar•ower's cc�ven�nts and ,agreemerds shall i�e jaint bnd several. Any Borrower whq �o-Sign!, this Security
<br /> 'nsCrumcnt but dor^s not ea;ecutc the Nnte: (a) is a�-signing this 5ecuriry Instrument anly to mortgage, grant a�xl convey thaa
<br /> Bc�rrower's intere�.t in the Pre�perty under the ternr; pf this Security Instrument: (b} is npt per;sonally o6ligated t�� pay the sums
<br /> �ecurcd by this 5xirrity Instru�.me.nt; and(c)ugrces that l.ender and an,y other Borrower may agrcc to extend, mality, forbear or
<br /> make any�r.cnmm�daiions with regard to the trrms of this 5ecurity Ittytrument ar the tVpte withnut that Borrower's cansent.
<br /> 13. Lp�n Chutges. Ii the Ivan secured by ihis Stcurity Instr'urr�ent is subject to a law whieh sets maximur� loan charges,
<br /> aa7d that law is finally inter�rcird su that the interest or other Ioan �chu�l;es cat4eeted ar to be collectcd in connection with the
<br /> lo�.n exceed tf,e permitted limits, thcn: (a) an,y <uch loan char�e skual► �e reduced by the amount ner�sary to reiuce thc chargc
<br /> ro th� permitted �imit; and (b) any sun�s nlread'p �ollected from licrrrourer w!iich exreeded permitted limits will be refunded to
<br /> Borrqwer. Lender may choo��e to ►viake this refund by re�iucing the princip�! owed under the Note or by �naking a direct
<br /> �ayment ta BoiTawer. ►f tt rcrund recluCeS r�rincipal, th�� reduction wiil be trcated as, a partia! prepayrrH:nt without any
<br /> prepayrnent charse under thc Note.
<br /> 14. Npticcs. Any notice to Bprrower p!-c vid� far in this 5er:urity Instrument shall be given hy delivering, it at by mailing
<br /> it by �rst ciass mail unless applicable law reouires use of another method. 'C'he notic�shall be directed to the'Property Address
<br /> or any other address Borrower design�tes h� noticc tc> I..cnder. Any notice to L.ender sh�sll be given by Cirst class mail tn
<br /> Lendcr's a�dress st�tea herein r�r any othcr f.ddress I.cT�der desir;nates hy notice to Horrowcr. Any n�ticc provided fnr in this
<br /> Security Iristrument shall bc decmal to have(�ecn given to Borro�uer or I..ender when given as provided in this para�raph.
<br /> 15. �vovernin� Lawr Severabdlity. T iis Securiry InsYrvment shall be gnverned by fedcral law and the law of thc
<br /> jurisdiction in which thc Property is locatcd. In thc �.�ent tht�t tmy provision �r clau.se of this Sc�urity Instrument or the Nate
<br /> r.onflicts with appiic�hle law, such conflict slinll nnt•��ffiect other provisions of tl�is Seeurity Instrument or the Nate which can(x:
<br /> given cr(cet withnu� �h�cunflicting pro�isio i. To this end the provisians of this Security lnstrumcnt and the Note arc declarcd
<br /> to l�severab(e.
<br /> lG. Borrnwcr's Cop�. E3arrnwer shnll �e giv��n one rnnformed capy of the Natc and of this Sacuriry In�ctrument.
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