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<br /> � � ` � !on er be uired.at the option uf L�nder.if mon�aae insuran�cuvetage�(i1�a'�tount and for a�en'a! -----------
<br /> . . . paymeats may ao g �4 . —
<br /> "' •` • t�Ixctdet requirsl ptovided by an insurer approved Dy lxnder again b�comes avml�bie and is abiained.�orrower shail gay —=- -
<br /> `. , . ►. �p�iums required w�a:nt�mo�tga�;e insuranc��n effect.or to Rrovide a loss reserve.until the�uicement far mortgage ---- _vY.
<br /> -` ' insw�tce ends in ac�rordauze with a�►y written a�ment between Bomnwer�Lender or applicable taw. - --
<br /> .. . ' . � 9.Ia�ecifon.Lender or its agent may make rea�oaable eatries ugon and inspe�ioas of the Property. Lender shall give --
<br /> ,. . � Barrawer aotice at the time of or prior to an inspection specify[ng rasonabte cause for the iuspaction. .'n���on with sn
<br /> " � � 10.Condaanatimn.The prnoeeds of any award or ciaim foi d�mages.direcc or c�n�ur�tial.� Y
<br /> ; „ � i condemnation or other taking of any part of the Properry.or for conveyance in tieu of rnndemnation.a�re heieby assig,aed antl
<br />_•_� : shall be paid to L�ender.
<br /> .�.• . . . � 'r: � In th�event of a totat taking of the Property,the pracceds shall be appGed to the sums secured by this Seourity tnstr�teni.
<br /> r�.. `. ' whether or not then due,with any excRSS paid to Sormwer.in the event of a partiat talsing of the Pmperty in which th@ fair _
<br /> - , �. , � market value of the Pmpecty immediatety Before the mking is equal to or greater thar►the amount of the sums securad by tlns . --
<br /> ^. . ,., � �ecurity Insuument immediateiy 6efoie the taking.unless Borrower and i.eader otherwise agree in writing,the sums secau�d by
<br /> this S�.vrity Insuvment shall be reduced by the amount of the proceeds muitiplied by the foliawing fraction: (a)the tatai
<br /> � ��� '. '��r'.. , .
<br /> • amount of the sums secvred immediately 6efore the talcing.divided by(b)the fair markat value of the Pmperty �mmediat�lY _ _
<br /> �",.' before the taking. Any 6alance sha11 be paid to Barcower. [n[he event of a partial taldng of ttie Pmperty in which the fair
<br /> ,�., ;� .,
<br /> .�.,__,. .�: " .' cnarget v�Tue of the Property immediatety before the taking is tess than the amaunt of the sums secured immediately befare the
<br /> - .: -. .: .. . .
<br /> _ , .--.�---°- --�- -�- �king unless��ortower•aud�i.eadero�herwise agee�iQ�vriung nr�nles.s.apPlicalsl�.taw_utherarise_pravides.the pr+oceeds shall.-------
<br /> .� , ' � 6e applied to the sums secured by this Securiry Inswment whetfter or not t6e sums are then dae. � ____
<br /> [f the Property is abaadoned by 8omower,or if,afcer notice bg I.ender to BorEOwer that the condemnor offers to make an
<br /> , award or settle a claim for damages. Bnrrower fails to respond to Lender within 30 days after the date the notice is given.
<br /> �-"�'""'" ' ' _ . [.ender is authorized to ooilect and apply the proceeds,at its option.either to restoration or repair of the Prope,ity or w the sums __�
<br /> . ` •• ' . .. secured by this Sewrity Instrumant.�whether or not then dae. _ - . �_
<br /> Unless Lender and Borrower otherwise agree in writing. any application of procePds to principal sha11.not eatend or � _
<br /> ' � " postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. . - ��—
<br /> � '� 1l.Bflsroticer Not Reteased;Farbeareace BY 1.ender Not a Waiver.Fattension of the time for paycnent ot modification �'•
<br /> ' ` � � ' . � . of ama�tization of the swns secured by this Security Instrumeni granted by l.ender to any successor in interest of Borrower stitill , _�
<br /> not opr�rtte to release the liabiliry af the original Borrower or Borrowei s suxessors in intetest.Lender shall not be cequired to .
<br /> ' ' commeleee proceedingc against any successar in interest or refuse to extend time for payment or otherwise mcdify amortization �_°:
<br /> � � � of the sums secured by this Security Insuument by reason of any demand made by the original Borrower or Borrawer s ,,,r�
<br /> . .` � � . sascessors in iaterest.Aay forbear,u►ce by Lender in ezercisiu�any right or remedy shall not 6e a waiver of or preclude the ,._��
<br /> � � exeni�x of any rig6t or remedy. �•° ' _-
<br /> • • �� l�. Saocessois and Asgigns Bouad:Joint and Several Liability;Co-signers. The covenants and agreements of this �, s
<br /> ' � . " Security Instrument shalt bind and benefit the saccessors and assigns of L.ender and Borrower, subject to the provisions of .•
<br /> �� � paragraph 17. Borrower s covenants and agceea:enu shall be joint and several. Any Borrower who co-signs this Security �. ;�,i�:
<br /> � Inst�ument bu►does not eaecute the Note:(a)is co-signing[his Serurity Instn�ment only to mortgage, grant aad convey that ' � _'^"•.
<br /> � ' � Borrower's irtterest in the Property under the terms of this Security Instrument:(b)is not personally obligated to paY the sums f��
<br />� . 1Y..''::.. - .
<br /> ?-:�;�:-�.,. ,-;:. :�� secvr�d by this Seeurity Instrument;and(e)agree.s that i.ender and any other Borrower mny agcee to extend.madify;forbear or .��,f�%�.
<br /> .���:
<br /> � :' make any accommodations with regard to the tem�s of this Secnrity Instrument or the Note without that Bortower's wnsem. " : _
<br /> '`�'.. . � • 13,���es. If the loan secured by this Security(nstrument is�:�bjett to a law which setti cnaximum taan charges. .-r
<br /> ' � ' and thst law is finally interyreted so that the.interest or other loan char�es collec�.ed or to be collected in connectian with the y,::;'•:;,_;�'��_a�.�.
<br /> -` loan exceed the permitted limits.chen: (a)any sueh loan char�:sha11 be reduced by the amount necessary to redace t2te charge e-'--. " -
<br /> ;�'��.. .
<br /> � to the permitted limit;and(b)azy sums already collected from Borrower which exceeded perm►tted limits will be mfunded to ��,��": ;,�'+��
<br /> � Borrower. Lender may choose to make this refund by reducing the principal owed ander the Note or by making a direct � � ':��,
<br />�,�, ,'�.. ` � a ment to Borrower. If a refund reduces pr6ncipal. the reduction will be treated as a partiai prepayment without any �.��..',
<br /> P Y �"
<br /> ,.. •
<br /> : �: •. � . � � prepayment charge under the Note.
<br />_,:� � 14.Not[ces.Any notice to Borrower provided for in this Security Instrument shal!be given by delivering it or by mailing `.
<br />- � • . it by first class mail unless applirabl�!aw requires use uf another meihod.The natice shall be directed to the Propetty Address
<br /> :�� � : or any other address Borrower designates by notice to Lender. Any notice to Lender shall 6e given by first c[ass mail to �_ �� � ..
<br /> ' Lender s:.ddress stated herein or any other address Le�er designates by notice to Borrower.Any notice provi�ed for in this �:•'.� .:
<br /> '-��,,�• � �. . . Security[ns[n�ment shall be deemed to have been given to Borro�ver or Lxnder when given as provided in this paragraQh. a �
<br /> :.�___ �`. : , . IS.Governiag I.a�v: Severa6Nt5'• 'I7��s Security instrument shall be govemed by federal law and the fa+v of the ��
<br /> ��. •
<br /> .=-,� : • jurisdiction in:vhich the Property is lacated. (n the event that any provision or clause of this Security instrameni or the Note • , ,a
<br /> ' : eonflicts with applicable la�v,such rnnflici shall not affect other pruvisions of this 5ecurity instrument ar the Note�vhich can be '�'��
<br />�..�-,• . . . �..
<br /> �_�. � givea effeet aithout the wnflicting provision.To this etM the provisions oF this Securiry Instmment and the Note are declared
<br /> - , '. to 6e sevenble. i�
<br /> - � . 16.Barrosser's Cop�.Borrower shall be given one conformed eopy of the Note and of this 5ecurity Instmtrtent. `�+M��
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