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<br />-;�,'r paymcnts may no loi�gcr Uc requircd,at thc optiun of Lendcr, if mon�rigc inwrnncc coveragc(in thc amount and for thc period '
<br /> - -_ .' �� ' that l.cndcr rcquires) provided by an insurcr app�•iwcd by I.cndcr uguiu bccumes�►vailublc and is obtaincd. Borrowcr shall pay ;
<br /> ��`` � ; thc premiums rcquirccl to maint:iin mim�;�gc insurancc in efTect,or to providc u loss rescrvc,urtil thc requircment fvr�nurt�ngc "'•�
<br /> �°'�''���,:;.ut'M��:�.;.,, � insurancc cnds in uccorJance witli�cny written agrccmcnt betwccn Burrowcr und L.,cnder or applicablc luw. � .,.
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<br />-`=�'�� � • 9. Insn��ctlnn. Lcnd�r or it; agent m.ry m:eke reasnnablc entricti upan and inspcctions of thc Pmpert��. L.cnder shall givc
<br />=.�.•; , .• ,. Qorrower notice 1t die time of ur priur tu au inspc:ctiuu,pecifying reu,unuble cautie for thc inspcctiun. � .
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<br /> 10. Condemnntton. Thc prnceeds of any a�vurd or claim for damages, ciircct or consequcntial, in connection with any
<br /> �" ' � condemnation or other taking of any part of the Property, ar for conveyance in lieu of condenmation, are hereby nssigned and ����
<br />-��"'•' . ,, shall bc paid to I..cndcr. �`.:
<br /> �:°' . In thc evcnt of a total taking uf tl�c Property.thc proceeds shall bc applied to the sums secuicJ by this Security Inscrument. ';
<br /> -��+��� - whether ur not thcu due, with any cxcess paid to Horrowcr. [n the cvcnt of a panial taking of the Property in which thc fair •�•``
<br />� �� � markct vuluc of[he Propeny immcdiutcly before thc iukii�g i5 eyuul to oi-greater than u�e.unount of the sums sccarcd 6y this ��
<br /> �'`� - ' • Security Instrument immediately before the takin�;,unless Borrower and Lendcr othcrnise�igree in writing,the sums secured by �"T
<br /> ` � ., this Security Instrument sh:►II be reduced by th� amount of the procecds multiplied by the following fraction: (a) the total �
<br /> ""; . amount of►he sunts secured immediately before the ta}cing, divideci by(b) the fair market value of the Praperty immediately �...
<br /> =�. beforc thc taking. Any balance shall be puid to Borrower. In thc cvent of a partial taking of thc Propeny in which ttie fair -`
<br /> � markct value of thc P'roperty immediately b�forc the taking is Icss than the amount of the sums secured immediately befurc thc
<br /> •� . It�king, unless Dorrowcr and Lender otherwise a�rec in �vriting or unless applicable law otherwisc provides, thc proceeds shn71
<br /> '� f ' ° be•rpplied to the sums securcd by this Securiry Ir strument whether or not the sums are then due.
<br /> ` �•. � , � [f the Property is ahandoned by Borrower,or if,aRcr noticc by Lender to Borro�ver that the candemnor offcrs to makc an
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days aftcr the dute the notice is given.
<br /> � - ` Lender is authorized to collect and Apply the proceeJs,at its option. ei[her to restoration or repair of the Property or to the sans
<br /> ' securcd by this Serurity Instrument, whcther or nat then due.
<br /> ;,; . ° Unless I.ender and Borrower a[henvise agree in writing, any application of procceds to principal shall not extend or �
<br /> postpone the due date of the monthly payments r�ferced to in para�raphs I and 2 or change the amount of such payrrxents.
<br /> � �� 11. Borrower Not Eieleased; Forbcarance By Lender Not a 1Vaiver. Extension of the time for payrrtent or modification
<br /> � � of amorti-ration of the sums sccurcd by this Securiry Instrument grantcd by Lender to any successor in interest of Borrower shall
<br /> nat operate to rclease the liability of the ori�inal Borrower ur Borrower's successors in interest. Lender shall not be required to
<br /> 4, commence proceedings against any suceessor in interest or refuse to extend time for payment or otherwise modify amortization
<br /> � � " of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's �
<br /> „ succcssors in intcrest. Any forbcaran:c by [.cndcr in excrcising any right or rcmcdy shall not he a waiver of or prcclude the
<br /> , excrcise of any right or remcdy.
<br /> � 12. 5ucccssors und Assi�ns Buund; Joint and 5evcral I.lability; Co-signers. The co�•cnnnts :utd agreements of this
<br /> Security lnstrument shall bind and benefit the Successors and assigns of Lender and Borrower, subject to the provisions of
<br /> ' paragraph 17. Burrower's cove��ants and agrecnients shall be_joint and several. Any Borrower who casigns this Security
<br /> � Insnvment but does not execute the Note: (a)is co-signing this Securiry [nstrument only to mart�age, grant and convey that
<br /> • . � Borrower's intcrest in thr, Property undcr thc tcrnis of this Sccuriry Instrument: (b) is not personally obligutetl to pay thc sums
<br /> ' '`"''' secured by this Security Instrument: and(c> agrces that Lender and any other Borrowcr may agree to extend, modify,farbear or —
<br /> .�'�..' � make any accommodations with regard to the terms uf thiti Security lnstrurnern or the Note without that Borrower's consent. =-
<br /> - 13. Loan Char�es. If tl�e I��an securcd by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> • . � and that law is tinally interprete.�i so that the interest or other loan chargeti collected or to be collectecl in connect�on with the
<br /> r��,r•�� �-"` loan exceed the pennitteJ limits,then: (a)any such Inan charge shall be reduced by the amount necessary to reduce the charge --�
<br /> _" ' ' " to the permicted limit: and (b) any sums already collected from Borrower which exceecied permitted limits�vill be refunded to �—
<br /> ', � . 'Borrower. Lender may �hoose to ntake lhis refund by reducing the principal uwui under tlie Note ur by making a direct ��.
<br /> • _:.;,• payment to Borrower. If a refund reduces principal, the reduetion �vill be trwted as a partial pcepayment without any !�;�_
<br /> � .; � prepaymcnt chargc undcr thc Notc. �:-
<br /> ' 14. Notices. Any notice to Borrinvcr providal for in tliis Security Instrument shall bc given by deliverir.g it or by rnailin�
<br /> ;' ;'"'� it by fint class mail unless applicable lu�v requirex uxe of another n•�ethod.The nc�tice,hall be directeci to the Property Address ��.
<br /> �,, or any other address Borrowcr designates by notice to Lender. Any noticc to l.,endcr shall bc given by first cl:us n�ail to °�;�
<br /> " Lcnder's adJress stxted herein or any othcr :�ddress Lcndcr dcsigna�cs by noticc to Borrowcr. Any noticc providcd for in this
<br /> _. �: �•. . .. �
<br /> - �`, �• Sec�rity Instrument shall be deemeJ to have been given to Borrowcr or Lcndcr whcn givcn as providcd in this paragraph. -
<br /> _ fi. � 15. Governing Lntw, Severubility. This Security [nstrument shall be governcd hy federal la�v and thc law of the
<br /> = . jurisdiction in which the Property is locatccl. In the cvent that urn� prrn•ision or dausc uf this Sccurity Instrument or the Note
<br /> : ,,,,, conflicts with applieable law,such contlict shall not:�ffect other pravisions ot this 3ecurity Instnunent or the Note�vhinc �an be
<br /> ,:' � • given cffect�vithout thc c�nflictin� provision.To thi�end thc provi.rions ot'ihis Sccuriry Instrumcnt and thr Notc arc dcclared
<br /> �'�'� [o bc sevcrablc.
<br /> , . 16. I3orrower's Copy.Borcower s3�a11 be givcn one ronformeci cupy of ihe Note and uf this S�tiuriry Inswment.
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