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<br /> _��``'�. _• Qayments may ao langer be required.at the option vf Lender.if mortgage insurance ca�age`(in the amouat and or ttie period _
<br /> �5�`_'= , '''� _
<br /> ;�_ •� �=,. t�tiat I.ender ie9uises)Provided by an insuter approved by Lendsr again becomes availabte and is obtained.Bortower shall pay ,n.-_
<br /> -- <°.�'f � the pr�miums reQuired to maintain mortgage insuiance in e�t'ect.or w provide a loss reserve,aatil tIse requirament for martgage ' ' 'r �*3�h�
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<br /> - ,. � . .' .,�;,: insurance ends in accordance ait1i any writtes�agrezment between Borrower and Lender or applicable law. ,;. : ..•,-,: -
<br /> -• , 9.IagpectTon.Lender or its agecd may.make reasonabte entries ugon and inspections of the Property Lender s1�a11 give < _
<br /> �` $osrower aotice at the tima o€or�mr ta an inspectian specifying teasonable causs for the inspection. . ' _
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<br /> - "�- _-�^� 10.Condema�on:The proceeds of any award or claim fac da�nages. direct or consequential. in connection with any rt ,} ,` -
<br /> --��' � �'�,' condemnation o:other taking of any part of the Pmperty.or for conveyance in liw of condemmtian.are here6y assigned and . - � k ��,"'
<br /> `" �� : shall be paid to Lender. � • �'-t•�-��� �-
<br /> —_-� �' �' � In the event of a total tafsing ofthe�coperty.the pmcee.ds sha116e applied to the sums secured bY this SecuritY inswme�°i• r -.-��- °
<br />_ `t=��`- -+ � � . whether or not thsn due.with a�+excess paid to Borrower. In the event of a partial tatang of the Property in wluch the fair -=����� _
<br />� ` `�v "' • market value of the Property imu�ediately before the taking is�ual to or greater than the amount of the sums secured by tlus � t_�-�°�-
<br /> �,,..:"�,'}��::-�T:.i JS . --: —_
<br />���• > '-=. Security lnstrument immediatety before the taking, unless Borrower ana I.ender ot6erwise agtee in writing,tha snms s�by -
<br /> '� ` dus Security Insmimert shatl be reduced by the amount of the procee�s muldplied by the followiag fiacdon (a) the total -
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<br /> ;.. . amount of the sums secured immediately bsfore the taking, divided by(b),the fair market value of the Property.immediate[Y =-=_
<br /> r before the taking. Any 6alance shall,be paid to Sorrower. In the event of a partial taldng of the Property in which the fair ---
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<br /> �` t•-„`��'� ' maricet value of the Property immediately before the talang is Iess t6an t he amoun t of the sums secured iamiediatel y 6efore the _ _
<br />��.. .*cr_ .
<br /> .' . °_�:...- saldng,unless Barro�ver and Lender atherwise agree in writing or nnless applicable law otherwise provides,the gtoceeds shnII �__-
<br />�"�''��'`�`�`""''', be appliea to the sums secured by this Security Inst�umem whether or not the su�ns are t1�en dae. `=
<br /> ,. . .:. .
<br /> ''� � ;: �.__. • If the Property is abandoned by Eorrower.or if,aS'ter notice by Lender w Borrower Wat the condemnor offers to mafce an �
<br />_ _ ,., , •
<br /> - • ' - -�-------- award-or-settle�a-claim-for-damages:-Barrower-fails�to respond�o_I.endez�tithi�130 days after_t1�e date the ttOtice is g�ven, _
<br />�?-`: � � -
<br /> ,, � �,� Lender is authorized to wllect and apply the proceeds,at its oprion,either w restoration or tepair of tiie Property orto th�sums -o_._
<br />_�-�-' ' '�� � .
<br />�:.: .�. �,, secure�!by this Security Instrument,whether or not then due. •
<br /> � . �.� Unless Lender and Bonower othenvise agree in writing, any applicauon of proceeds to principal shaU not extend or ` �—
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<br />=-�-�:;;, ,,• ., •�,.,. . _ ._ postpone the due date of the monthly paymenu referred to'sn paragcaphs 1 and 2 or change the amount of such paymeats. �.��,�
<br />�-��;� 11.Borrower Not Reteased;Fort�earance lijr I:ender Not a Waiver.Ext�nsion of the time�for payment or modification �
<br /> ' � ,'.�.. . -- _
<br /> �~�' •• • 7''� of amortization of the sums secured by this Security tnstnunent granted by beader to any successor in interest of Borrower shall,
<br />��' not operate to release the liability of the original Borrower or Borcower's successors in interest.Lender shaU nnt 6e reqaised eo .
<br /> �:° ., , �.
<br /> � � commence proceeciings against any successor in interest or refuse to extend time for payment or othenvise modify amorci�a?ion
<br />�� •� � of the sums secured by this Ses.'urity Instrument by•reason of any demand made by the�original Bormwer or Borrower's
<br />_:�! '~�� ', successors in interest. Any forbearance by I.ender in exercising any right or remedy shall aot be a waiver of or preclade the
<br />__-- � .� � �� exercise of any right or remedy.
<br />' 1Z. Sutcessors and Assfgas Bouad;Joint aad Several Lia611ity;Co-signers.The covenants and agreements qf this .�
<br />�,I: ' � .. - ' Securiry Instrument sbaU bind and brnefit the successors and assigns of Lender and Borrower. subject to the provisions of
<br /> ��_; ` _ � ' paragraph 17. Borrower's covenanu'and agreements shall be joint and several. Any Borrower who co-sigis this Secnrity
<br />�?'�- . ''"r Insuument but does not execute the Noie: (a)is co-signing this Securiry Instrument anly tv mortgage.grant and convey that ."`:y�;
<br /> --= ., � Borrower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay the sums f�R„� i
<br />.`i". ��-, , � serured by this Securiry instrument;and(c)agrees that I.ender and any other Boaower may agree to extend.modify,forbr,ar or ��<;c acj�. ;��-
<br /> 'a�._���n.�,.:.::. ••. . �. . .
<br /> i��; make any accommodatior�s with regard to the terms of this Security instcument or the Note without that Borrower's consent. ,.1,�,��
<br /> �^,�, :', t r _ _ 13.Loan Charges.If the loan secured by this Securiry Instrument is subject to a law which sets.Fna�cimum[oan charges, ,
<br /> and that law is finally interpreted so that the interest or other toan charges collected or to be collected in connection with the nz;-�"��,_
<br />�"''���` loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount nerxssary to reduce the charge :; � __
<br /> to the pertnitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to. �"`-"
<br />�:.�. ��� '• ' � , Borrower. I.ender may choose to make lhis refund by reducing the principal owed under the Note or by making a direct � -���-
<br /> '��'� ,' " . payment to Borrower. Tf a refund raiuces principal, the reduction will be treated as a partial prepayment without any ' • *�.` -:.�',
<br /> ,' �_.•. � �
<br /> , , �.,. prepayment charge under the Dtote. �. �`��°
<br /> _�.' •� . ,;,;.; . 14.Nottces.Any notice to Borrower provided for in this Security Instrument shall be given by dclivering it or by maiting q�
<br />-� _1::."�._. �� .' it by first class mail unless applicable la�v requires use of another method.The notice shall be directed to the Property Address :
<br /> � ,• " ' � or any other address Borrower desigt►ates by notice to Lender. Any notice to Lender shall be given by first class mail to � . .
<br /> • �.:
<br /> •.-':'�: • Lender s address stated herein or any othcr address Lender designates by notice to Borrower. Any notice provided for in this . , .,,.
<br />��''•'�y'� � ' . Security Instrument shall be de�med to have been given to Borrower or Lender when given as provided in this paragraph.
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<br /> �?.� ..,. ' 1 5.C ov e rn i n g I.aN; Severa6ili t y. This Security instrument shall be govemed by federal law and the law of the
<br />�I�;���4�� `: � ' jurisdiction in which the Praaerty is lacated. In the event that any�provisian or clause of this Security Instrument or the Note �
<br /> . ._^:
<br />- �� '�' �r� conflicts with applicable law.such conflict shall not affect other provisiony of this Security Instrument or the Note which can be ,
<br /> —'s::":r�;_.;.;;, , :�;i� � given effecc without the contlicting provision.To this end the provisions of this Security Inswment and the Note are declared • _.
<br /> �'=r -�.` . •' to 6e severable. . .
<br /> ,.�:•: •,
<br />�'•: • ' 16.Bosro�ve�s Capy.Borrower shal!be given one conformed copy of the Note and of this 5ecurity Instrument. .
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