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<br />. �=�: paXraents may no ionger be required.at the optian of Leader.if mostgage insurance oov�erQ��i�she uffiourg and far the perfod =
<br /> -- th,at�xader xeyuires)provided by aa insurer approvea Dy Leader again 6ecomes available and is obtained.�orrower shal!pay
<br /> _'°y�� tha piemiums iequired to maintain mortgage insuranoe in effect.or to pravide s ioss seserve.until the�equiremem for mortgagc
<br /> ,insurame ertds in�cxartiance�viih any written agreemast b�vreen 8orrosver end L�der or appiicable law. �
<br /> -�`� �• � 9.Inspec��n.Lender or its agent may make reasonabte entries upon and inspec�ons of xhe Property.ixn�er shal!give
<br />_,,�;v� Borrower notice at the time of or prior to an iaspection specifying msonable cause for the it�peMion. f � _ _
<br /> iii �on�tIo�t.T#ie proceeds of t�y award ar cla�m fc3r damages. direcE or co�sscq�sauialf ia�osms�iaa ti:�ith.auy : . .
<br /> � ;� corulemnation or otRer taking of az►y parE af the Property,or far convcyance in li�af oo�emnation.ace hereby ass#gned aud --
<br /> �shal!6e gaid ta L.ender..
<br />='�`� In t&e event of a mtal taking of the Properiy.the pmreeds shall be applied to the sums secured by this Secvrity Insttu�zent,
<br /> - whether or not then due.with any exoess pa£d to Borro�er. In the event of a Qartial taking of the PropeRy in which the fair
<br />°;_.`�-�,�, market valu�of tl�e Ftogerty imme�i+a Pty�befoie the talring is eqaal m or greater than the amoisnt of the sums secused by this
<br /> =`=3� Security Instnimerrt immediately before t6e taking.�uiless Borrower anci I.ender ot6erwise agree in writing,the sums s�ured by
<br /> " this �eatrity Insuument shall be reduce�l 6y thz amonni of tfie giaceeds rmiltiplied hy the following fraction: (a) tlie total
<br />_° arac•.x..�of tha sums secured immediateIy before the aking,divided by (b)tbe fair mz�vatae of tiie Property iaemediaicly
<br />` befare the taking_Any balance shall be paid Eo Borrower. In the event ef a partisil taldag of the Prnperty in wtrich the fair
<br /> `'';:: madcet valae of��L'roperty�*nm�t�arPly before the ra�is less than t��amount of thG sums secure8 imtnediatety bsfore t11e
<br /> �" tatar�.untess Bormw�er and l�nder otherwise agr�in writin;or unless applicable�law otherwise provIdes.the proceeds shall
<br />:-Y_:=;.. be�.�!ied to the snms secuKd by ebis Secump insavmem c`+,,.:.-�er ar not We sums are then dne. '
<br /> if the Propez�rg is abandoned by Borrowes:or if.after rrotice by i.ender to Borrower ti�at the condemnor offeis ta make an
<br /> `-' ' award ar settte a c�:�im for damagQS. Horra�fails to respond to Lende� within 30 days after the�ate ihe notiee is giveni
<br /> .•"� --------�Leudeiisauthori"zedZ6-.FoUect�an�iapplp��the-��;�rit�optitftr.�itherea-restoration-or�pairoft�ePropertyarto�thesu� � � - -.
<br /> ' 'secured by this Securiry Imstrament,whether or not then due. _ -
<br /> • - � Unless i.ender anti Borrower otherwise agee in wriung, any application of Qrace�ds to principal shall act extend or
<br />- .. postpone th;due date of the monifily payments referred to in paragiaphs 1 and 2 or chanr�ihe amount of sucb pay�nts.
<br /> - 1I.Borrower Not Released;Forbeara�cce.By Leader I�Jot a Waiver.Extension of the time fe:�ayment or mndification —
<br /> :�.,,�;.� of asnortizadon of die sums secured by ttus Security Instrument graated by Lender�to aay sucoessor in interest of Eorrower shall ��--
<br /> not oparate to retease the liabifity of the original Boaower or Borrower's successors in i.nerest. I.ender shall not 6e required tv ��'� -
<br /> � cammence proceedings against any successor in interest or refuse to extend tiene for�tir,ent or othenvise inodify�ortizat�on
<br /> -�'� . of the sums secared by this Security Instrument by reason of any demand made(sy the originaP Bonower or�.irnuwer's -
<br /> ' successors in interest. Any farbearance by Lender in eaercising any right or remedy shall not be a waiver of or preclade the. ;,�,_
<br /> exercise of any right or remedy. � —
<br />= 12. Suae�oss sad Ass�gn.s Bannd;Joini and Several Llab3lIty;Co-sigaeas. The covenants and agreements of this -
<br /> Security Instrument shall hind and benefit the succ�ssors and assigns of Lender and Honower, subject to the grovisions of '
<br />'`''-'-� ' Paragraph 17. Rorrocver's covenants and agreemenis shall be joint and several. Any Borrower who co-s�gns tais Security -- =-_
<br /> J . Insuument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage.grant and convey that � ;;,�
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<br /> r L�;_ BorrawePs interest in the Property undcr the terms of thi�Security Instrument:(b)is not personally obligated to pay the sums 9r,
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<br /> =-'`" secured by this Security Instrament;and(c)agrees that I.ender nnd any other Borrower may agree to eatend,modify.forbear ar .
<br /> = make any accommodatims with regard to the terms of this Se�.�uriry Instrument or the Note without that Boaowe�'s consent. �.
<br />-��•- 13. Loan Cd�es.if the loan secured by this Security Inswment is subject to a law which sets ma�cimum loan charges, ;��:•`�
<br />�...�P�n� �_,�_.
<br /> and thae law is�nally interpreted so ehat the iaterest or oiher loan charges collected or to be callected in connection with the -;%-
<br /> �'T-'� loan exceed the petmitted limiu,then: (a)any such loan charge shall bs reduced by the amount necessary to reduce the chasge ��':"�
<br />--- to the permitted limit;and(b)any surr�alrearly coperted from Borrower which exceeded pertnitted limits will be refunded to . �`�-�f�
<br /> �, .
<br /> � 'z' Borrower. Lender may choose tv make this refund by r�ucing the principal owed undec the Note ar by making a direct ��:�"�
<br />_- payment to Borrower. If a refund redaces principal, the reduetion will be treated as a panial prepayment withovt any �±��;.��'.3'�''�---
<br />''�� r a ment c e under the Note. �''�r'
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<br /> �14.Notiets.My notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing. � —
<br /> it by first class mail untess appfica6te law requires use of another method.The notice shall 6e directed to the Property Address �!� `-
<br /> �M• _
<br /> or an other address Borrower desi tes b notice to i.ender. An natice to Lendec shall be �ven b frst class mail to • �"'�"�� �
<br /> Y S� Y y � Y ._�,e�:. . -
<br /> Lender's address staied herein or atry other address l.ender designates by notice to Borrower. Any notice provided for in this . .:
<br /> Security Idst:ument shall be da�e:ed to have been given to Borrower or Lender�vhen given as provided in this paragraph. _ . _tr``
<br /> � 15.Govemiag Lacv; �everability. This Security Inshument shall be govemed bry fedeml law and the law of the .
<br /> •.. .• ,
<br /> - jurisdiction in which the PropeAy is located. In the event that any provision or clause of tltis Security Instrument or the Note ' . _
<br /> mnflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be � � '
<br /> �=.-i givei�effect without the conflicting provision.To this end the provisions of this Security[nstrument and the Note are declared ,
<br />:;�r- to{�e saverable. � '
<br /> ="1. ,
<br /> �'_�` 16.Barea��r's Copy.Borrawer shull be given one wnformed copy of the N'ote and of this Security Instrument. � � '
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