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<br /> � �. ,�'.0•` '. � Paymeats maY no longer 6�r�red.as the option of l.eader.if mort�ge i�o��„ce ooverage(in the<amount and for the periad � .: °`,�� "-_
<br /> ,'��� • ' that i.eader requims)Provided by an insurer appro�ed by t.ender�ain becomes available and is obtained.Bnrrowea shalt pay 8
<br /> r • � . th¢premiums required to maiatain mortgage insurarice in effect.or to provide a loss r�en e.unti!the requirement for mortgage � } ,��' :�.�: '� .�
<br /> ` ` :
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<br /> � .. . insurance ends in a000idaitoe with any written a�eeinent het�veen Somower and Lender or app9irabte la�v_ ` :
<br /> �` � . 9.ias�aa.Ixrtder or its agent may a�ake rzasonab{e emries upan and•isug�ions af ihe Proyeny.lxnder shali give . ,.2 ` � -
<br /> ' � � • - Bnrrower notice at the tisne of or prior to an inspection spscifying reasonable c�se for the inspectioa. . _
<br /> 10.Condema�atioa.The proc�ts af any awa.d or claim for dam�sges,direct or cansequemial.in wnnection with any '
<br /> . oondeuu�auon or otfier taking of any pari of the Ptaperty,or for comeyance in tien of w�emnation,a�her+eby assigned and ` � . •
<br /> euu a ; ,,
<br /> . .�• shall b.°,pa�id to Lender. • °
<br /> • . . . In the ev�nt of a Wtal taking of the Property.ti�e proceeds shall be applied w the sums secured by this Security t� *ne^t_ ` . ,. � -
<br /> . '' • ' . whether or aot then due.ceith any ea�cess paid to Borro�ver. �n the even4 of a partial taking of the Propesty in afiich the fair • •' .. ,-
<br /> ,'�"'SY-;- -YC _ .
<br /> � marlcet�alue af the Property immediately 6efore�e taking is equal to or greater than the amo�mt of the sams secured by Uvs -•,..,-_ , __
<br /> •. . Security Instrumeac immediately befor2 the taking.unless Borrawer and i.ender otherwise agree in wriang.the sums secured by �'r..._� s_ ,�»�.
<br /> � this Securi Instrament shall be reduced the amnunt of the roc^eeds multi fied b the foliowin frattion: (a)the total '��''"' '"
<br /> , ty b}' P P Y g �_�� `:_.
<br /> �': , .: � • amount of the sums secared imme�iately before the taIdng.divided by(b)the fair m�rk�vatue of the Property immediately tiy��._. -
<br /> ,,�, . , of the u�which the fair :'�.a�:�-._.��__
<br /> . before the taking. Any 6afance shall be paid to Borrower. In the event of a partial taking �P�Y � ..�u�-��=---
<br /> 3`�' ' ' • market value of the Property i�nediately before the taking is less tham the amount of the sums secured i +arQiy before the �` � � -
<br /> '�• �.., � � . taking.untess Borrower and Lender atherwise agree in writing or unless applicable�lnw otherarise provides.the prooeeds shall ,=."«�i�;L�:=-
<br /> ��T• -�.s- � '� ' be applied to the sums secured by this Securiry Iastrumeni whether or not the sums are Wen due. ��.-____--
<br /> _.. : � .
<br /> . .. ... ---. . .. . �z;�--
<br /> �. ; • . 1�the Property is a�iazidon�by Borrower.br if.$ftet�ouce by Lender to Sorrower that the coudemnoR offers to�make aa.. _....- ..
<br /> �'��A __
<br /> ,� award�ar settle a claim for daa��s. Borrower fails to respor.d to Lender within 30 days after the date the notioe is give.a. �;:-=_--°-
<br /> ' ' .` � . I.ender is authoriied to collect and apply the proceeds.at�ts optiQn.either to rrstoration or cepait of the Praperty or to the sums =__-
<br /> ' ' seaued by this Serurity Instn�ment.whether or not then due. �—
<br /> '`� ��� ' � � � � � Unless i.ender and $orrower.othetwise ee in writin . an kcation of aceeds co shall aot ext or ��'° _
<br /> -- : - _ �S* 8 Y aPP� Pr P�� _ � _ =-:��
<br /> � postpene the due date of the monthly payment�referred to in paragraphs I and 2 or chan�e t�e amQunt of such pa}+ments. �„��,�
<br /> " � I1.Bosraser Not Released;Forbearance By Lender Not a Waiver.Extension of the ame for payment ar madifica�tion =-- — =-
<br /> � � . � ' of atnortization of the sums secured by this Security Ins�trument granted by Lender to aay successor in interesx of Borrower s1�a11 �i
<br /> • � . :.. � 9-
<br /> - - • ���' • --� � not operate to release the liability of the original Bonower or Borrower's succcssors in interest.l,ender shall noi be ceqnired w ��__-
<br /> , ' ° �. ' , cammence proceedings against any successor en interiest or refuse to extend time for payrnent or otherwise modify aawrtizatloa ' •'��_
<br /> • of the sums secured by this S�curity Instrument by reason of any demand made by the original Borrower or Borcowe�'s .
<br /> `:•-�`Y',1., '� successors in interest. Any fo�i-a�.ranee by Lender in exercising any right or remedy �h:]1 not be a waiver of or pmclade the •�_
<br /> exercise of any right or remed�. �`
<br /> . �,• -
<br /> � 12. Sacoessens and Asigns Bvaad;Joint and Severai Liability;Co-s�gaeis. The covenana and�a�reeme�rts of this ��-
<br /> � Security Instrum�s shall bind and benefit the successors and assigns of Lender and�arower, subject to the pnuvisians of `�_
<br /> ' ' , r paragraph 17. Borrower's covenanu and agreements shall be joint and several. Any Borrower who oo-signs this Sea�rity =
<br /> � � � � [nstrument but does not execute the Note: (a) is co-signing this Secvrity instrument only to mongage.gtant and convey thai -
<br /> - � .. � Borrower's interest in the Property under the terms of this Security instroment:(b)is not personally ot�ligated to pay tha sums =
<br /> � � . secured by this Securiry Iastrument:and(c)agrees that Lender and any other Borrower may agree to extend.modify.forbear os �-—
<br />� . make any aocommodatians with regard to the t�ms of this Security Instrument or the Note without that Borrower's consent.
<br /> --� . • . � 13.Loan C6aige�s.if the loan setvred 8ry this Se�urity Instrument is subject to a law which sets maxur�loan charges. _
<br /> � �.�`� • . and that la�v is finally imerprx�i sn that the interest ar other loan charges coltected or to be colleaed sn co�e�on�vi[h the
<br /> ��`'` t loan exceed the permitted limits,ri�en: (a)aQry such loan cliarge shall be reduced by th�•�mount necessary to redt�ce the charge -- -
<br /> ' ' to the permitted limit;arui 469 any su�ns alreQdy collected fsom Borrower whicfi excee�:zd pemtitted limits will be refanded to = -
<br /> a� � . Borrower. Lender e�.ay chobse to makc this refund by reducing the prinripal owed under thc Note,or by maldng a dired �,----
<br /> �'�� . � payment to Borrc�er. If a refund reduces principal, the reductiar:_ wili be treated as a partial prepayment �vithout any �°�_
<br />_ � . •. � ' prepayment charge under the Note. . �'��
<br /> . • • 'v d liverin it arb mai�in ��''- .-_.
<br /> � � � . 14.Notice�.Any notice to Borrower provided for in iius Security 3nurument shall be g� en by e g y g , �. __
<br /> '� ' • it b y first class mail unless applicable law requires use of zr.other metiut+t.The notice shall be directed to the Prepe:ty Addmss • `�;�..`.:��%>=`�,
<br /> __,... . .
<br /> _ � • � or any other address Borrawer designates 6} notice to Lender. Atty rn�eice to Lender shall be gi���by first ctass mail to - `,-z�..
<br /> . � "*.°�'��,��_:
<br /> _i .• � • Lender's address stated herein or any other address Lender designates��notice to Borrower. Arry cvtice provided for in this . - :`�° �. ��_
<br /> , � � Security instrument shall be dee�-red to have been givcn to Sortowet ot I.ender when given as protiided in this patagraph. �,.�,.,,, ., . ,:
<br /> , ' 1S.Governiug I.a�v; Sece�ability. 77us Secvrity In�t�vment shall be govercod by federal law and ttie taw ofthe �•r:���'• � : .
<br /> �.�'�� ' .. jurisdiction in ahich the Pre�esry is located. In the event that any provision or clause of this Secuety lnstnunent ur the Note "•�� �� • . _
<br /> : �: ., conflict�with appli�ble law.such conflict shal!not�ffect other provisiorts of this Suvrity instrument or the Note which can be s,.
<br /> � •. , • • given effea without the contlicting provision.To this end the provisior.s of this Security Instrument and the Note aze declazed
<br /> � to be sevenbte. • � � .
<br /> �,=� . :�„ 16.Borme�er's Copy.Borrower shall be given one conforn�ed copy of the Noie nnd of this Security inswment. ,, � , . . -
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