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<br /> . � payments may no longu bo requircd.et the opdon of Lcnder.�f mortgage insumnce covernge(in thc nmauat nnd for the period ;
<br /> • that L.endct rec�uires)provided by en insurcr approvod by Le�tder again bccomes available aftd is ablained.Honower shnll pay ihe ` '
<br /> • , , ,_�,�, premiuma requircd w maintain mortgnge insi�ronce in effect,or to provide s loss reserve, until the requirement for mortgago I
<br /> •'.'.-=-� lnsurance ends In accordanee with nny wriaen agreement between Boaower end Lender or applicable law. I .
<br /> "�""'�� 9.Ia9pection. Lcnder or its agent may ma3ce reasonable entries upon and inspections of the Pmpeaty. I.ender shall givc
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<br /> � ' Bwiavler noti�e at the time of or prior to an lnspacdon spe�cifyin�reasonable cause for the inspecdon.
<br /> „ 10.Condemm►Hon. The proceeds of aay award or claim for damages, direct or consequeadal, in connecdon with any I
<br /> ^ " condernnation or other taking of any part of 1he Propacty,or for conveyr�r�ce in IIcu of cond�nn3tion�are[iercby ss.gignai nnd
<br />- - � shatl be pa�d ta Lender.
<br /> ,^; In ihe event of a wtal tnking of the Property.�he pcoceeds shall Ue applied to the sums s�ured by this Sccurity Instrumcnt,
<br /> . , whether or not then due.wi�h nny excess paid tn k�3oROwer.In the event of a partial taking of the Property in which tho fair market
<br /> ;� valuo of the Propecty ImmediatoIy lyeforc the taking�S equal co ar greater ihan the amount of the sums se�ured by thls Secueity
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<br /> - insnume.nt immediately before [he t�lanB, nnless Borrower and I.ender alherwise a6racs u� wYit�►g, the suns securzd by this .
<br /> ° • Security Insaumeat shall be reduced by the amount of Wa prncee�s muldplied by the followirig fi�cdon:(a)the toW umount of . ., , _-
<br /> ,,,� the sums securod immediately before the tabng. divided by (b) the fair market value of ths Property i�rtacl�iatsly before the • , x
<br /> '� ralring.My balance shall be paid to Sorrower.In the event of a partiaal talxing of tbe Property in which the fnir mari�et valuo of the ;
<br /> _-- Pn�perty immediately before the taking Ls less thun the etnoua►e of the sums socured immedlately bcfore tlie takinE, unless 'x•� ��arr•`'`
<br /> - � Bocrower and L,endex othenvise a�ea in writing or unless applir,�b3e�a�v arherwise providr,�,ti►e proceeds shall be�pli:x�to the •+ .. .. °.••�;:
<br /> . -�: �1•'.°�s="`�-:
<br /> ' , sums sec�ared by this sa.W;:y Instn�rnent whether ar not the sums are then due. i�iSk:�i.�►w,_
<br /> ����=y If the Propeaty is abandoned by Horrower�or if,aftcr noticc by I.ender to Borrower that the condemnor offers to make an '"'-'_``-°-`_
<br /> " �lS4 award or settle a claim for damages.Borrower fiWs t�respoud to Lender within 30 days after the datc the norice is given,Lender ._,,, -
<br /> � � is outhorized to collect and apply the proceecls,at irs option,aither w restoratian or repair of�he Pro{►erty or u�lhe sums socura�l ...� �
<br /> � ;i;,,. by�Seciuity Instrument,whethcr oz not then due. �',`;s��� .� ,
<br /> - liniass I�eaidu end isonowcr oinctwisc ugcce 6�wiitu��.i�,Y u�,�,liu�iiui,�f N«,�.00ds x p�C,`��`s:�naf�:c:sd aA�i�a.'. �;�'��
<br /> ' ' ��,,, the duo date of the monthly payments eeferred to in paragraphs 1 and 2 or change the amnunt of such p3yments. -� :
<br /> • � 11.Borrower Not Released;Forbearance G�Lender Not a Waiver. Eatension of the time for paym�nnt or modificadon ';' ��`
<br /> of esnorai�&tion of the sums secured by this Seanriry Instzument grnnted by Lender to any successor tn interea2 of Borrower shall Y
<br /> . not opurate to rclease the liebility of ttie oriqinal Borrower or IIoiaower's succcssors in intecesG Leader shall nut bo requlred W '<<
<br /> commence proceedtngs agjtinst any successor tn intetest or refuse to extend timo for paymeat or othecwise modify amortizntion of
<br /> , .., the sums secured by thi�Security Instrument by rct►son of any demand mudo by the origlnal Boerower or�orrower's succ,�ssors
<br /> � , ° � iu inicrest My forbaarance by Lender in cxercisin6 any right or remedy shall not be a waiver of or pr�chide the exercise of ony ,•
<br /> � ' right or recnedy.
<br /> 12.S�ecasors and A�slgn�Boued;Joint And Several Li�biUty;Co-signere. 'Il�e covenants and egreemeats af this '�
<br /> � �,:i'.is�� Sccurity Instrument shall bind s�nd benefit the successors and assigns of Lender and Brnrro�ver. subjoct to ihe provisi�ns of '``'
<br /> . `''` • paragraph 17. Borrower's covenants and agrcements shall be joint and sevual. Any Bornower w6o co-aigns this Sacuriry •
<br />'" . lnsuument but does not executc the Note: (a)L5 co-signing this Seciuity Insirument only to mortg�e,gtant end convey that �;-
<br /> .. ., . Bo�rower's int�cst in the Pmperty under the terxns of this Security Instrument;(b) is not personally obllguted to pay the su.�ns •:��=_
<br /> :;..,,_ . securp�l�+;this Security Instrument;aad(c)aRree.s that Lender and any other Borrower may agr4e to exteaxl,modify.forbear or �-�"�= -
<br /> ' make any accommodadnns with regard to the tenns of this Security Instrument or ttie Note without that Bc�rrower's consen� _=-
<br /> .`� 13.I.oan Chirg�. If thu loan secured by this 5eciuity InsUUment is subjec�to a iaw which sets maximum loan charges. `;="�---
<br /> , �• and tiiat law is finaliy Inteipret�d so U�at the intenest or other loan charges collectsd or to be collocted in connecdon with tha loan ���_,_^�--- -
<br /> ,.. ;. exceed the pe�miuod limits.t6en:(a)any such loan charge shall be reduccd by the amount necPSSary to reduce the charge to the ��=�a-��--�
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<br /> , . ;u. permitteci limi�end(b)any sums aireody collected from Socrower which exaxded pe�mitted limits will bo refunded w Borrower. �=,�-��►t`
<br /> " • � �� Lender may choose ro make diis refnnd by roducing the principal owed under the Noto or by making a direct payment w '�?;5'="'-"''—�"
<br /> Bomower. If a refund reduces principal,the reduction will be trcuted as a partial prcpayment without any prq�ayment chargc �;�';-,r:-""""�_---
<br /> , '� -- --
<br /> under the Note. �`• ., �':
<br /> 14.Notkes. An nofice to Borrowe.r rovided for in�his Se�ur[ Instr�ment shall be ven b deliv�dn it mr b malling it "'`'''��'�r�:. �`` �',
<br /> Y P ry � Y S• Y �1�.�7+o�s;...R,�:
<br /> by fust class mail uNess upplicuble law requires use of another method.'I�e notice shall Ue direcuxl to tt►c Property Address or ': __.
<br />- ." _ any othcr address Borrowcr dcsignates by nodca w Lcndcr. Any notioc to Lcndcr shall Ue given by fust class mail to Lcnde�'s •
<br /> . . address srntcd hercin or any other address Lcnder designutes by noticc to Bomower.My nopce provided for in this Se�urity ". .
<br /> Instrument shall be dc�emed to havc becn�iven ro Bonowcr or Lcnder ahen given as providal in this pa�rmph.
<br />- �;� � 15.Govcrning Lawi Severability. 71�is Security Instrumcnt shall bo gover�x�d by fcdcral !aw and �h� lnw of the � '.
<br /> �• � jwisdiciion in which tha PropGty is locau:d.In tha event tluu any{�rovisian or claus�of thi�Security instrumont or the Note .,
<br /> .. � coMicrs with applicab2e law,such coMict shall not affect othc�pcovisions of ttiis Security In�crumcnt ar tha Noto which can bc I
<br /> given effect without the conflicting provision.To this cnd tho provisions of this Secucity Inst¢umaat and the Nous are declared to "
<br /> �' a" � be scverabk.
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