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<br /> puyments mny no longcr bc requiral. ut the option af Lender,if martgc�gc insuraacc coveragc(in thc nmount and for the peric�d
<br /> that I.ettdar �equires)provided by m�Insurer appr�ved by I.ender ogain becames avnilable und is abtuined.Horrower ehall pay
<br /> the pre�niums required to mafntuln martgagc lnsumnco in effect.ar ta provide u loss rcservc.until thc rcyulrement for mongugc —
<br /> lnsurnnce end»iu uccordattce wilh any written ngrcement bel�vcen Horrower and Lender or�pplicnble law.
<br /> 9. I��spectt�n. Lender ar tts agent may mms�kke rcasonublc entrics upon und inspections of the Property. Lende�shall give
<br /> Bonower natice ut tlie time of ar prior ta an inspectian F�sccifying reasonable cuuse for tfie insp�ctian.
<br /> 10. (.'undemnation.The proceeda of nny uward ur ctaim for durttages. dimct or cansequential. in cannection witb any
<br /> condemnation or other tnkin� of any pen of tho Property,or far cunveynnce!n lieu of cundemnatian,nrc hereby assigrtai and r
<br /> �hali be puld ta L.ender.
<br /> In thc cvent af a tata!taking of the Praperty,the proceeds shall be upplied to the sums secured by this Security Instrument.
<br /> whether or nat then due. with any excess paid ta Bonower. In the event of u partial taktng of the Prap�rty in whlch the fttfr
<br /> murket vniue of the Property immediately before the takinB is equal ta or grr.uter thun the amount af the sums secured by thls
<br /> Socurfty Instn�ment immadiately beforc the taking.unless Banowec and I.ender othenv is�agrec in wdtins.the sums sccwed by
<br /> this Secur[ty Instn�ment shail be reduced by the amount of the pruceeds multiplied by the fallowing fraction: (a)the total
<br /> umount of the swns secured immediately before the talcin�.divided by (b)the fair rtuuket value of the Property immediately
<br /> before the wking. Any balance shal! be patd to Borrower. In the event of a partial taking of the Propecty in which the fair
<br /> merket value of the Property immediarely before the taking is less than the amount of the sums secum4t immediately before tho
<br /> takins. unless Borrower anJ L.ender otherwise agree in wrlting or unless appllcable law othen�vise p�vides, the proceed.4 shall
<br /> be applied to tite sums secured by this Security Inatrument whether or not the sums arc then due.
<br /> If tl�e Property is abandoned by Borrower.or if,nfter notice by Lender to Borrower that the condemnor offecs to make an
<br /> award or setde a ciaim fur daraages.Barrower faits to respond to L.ender�v!lhjn 3U dQys efter the date the eotice is gtven,
<br /> Lender is authorized to colleti and apply thc prooeeds,at its option,either to cestoradon or repair of the Property or to thc sums
<br /> secured by this Security Inswment,whether or not then due.
<br /> Unless Lender and Borrawer otherwlse ugree in wdting, stny appticatIon of proceeds to pr�ncipal shall not extend or
<br /> postpone the due date of the monthly payments teferred to in patagraphs 1 and 2 or cfutnge the amount of such payments.
<br /> 11.Borrower Noi Reteased;Forbrarance By Lender Not a Waiver.Extension of the time for payment or modificauon
<br /> of Amortization of the sums secured by this Secudty Instrument granted by Lender to any successor in lnterest of Borrower shaU
<br /> not operate to release the liability of the original8orrower or Borrower's successors in interest. Lender shall not ba raquired to
<br /> commence proceedings agninst any successor jn interest or refuse w extend time for payment or othenvise modify amortizatIon
<br /> uf the sums secured by this Securiry Instn�ment by reason of any demand rnade by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any rlght or remedy shetll not be a wuivtr of or preclude the
<br /> exanisa of any righi or reaiecl3.
<br /> 12. Suocessors and Assiga�Bound;Joint and Several Liablldty; Co-stgners.The covenants and agreements of this
<br /> Security Instrument shall bind and benefit the successora end assigns of Lender and Borrower, subject to the provislons of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint aad several. Any I3orrower who co-signs this 5ecurlty
<br /> Insuument but dces not execute t6e Note:(a) is co-signing this Securlty Instruraent anly to mortgage. grant aad convey that
<br /> Horrower's interest in the Property under the ternss of this Secur[ty Insdwaent;(b)Is not personally obligated to pay the aw�q,s
<br /> secured by this Sscudty Instrument; and(c)agrees that f.ender and any other Borrower may agrce to extead.modify.farbeas at
<br /> make any accommodations with regard tn the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.Laan Charges.If the loan secured by this Secudty Instrument 3s subject to a law wh(ch sets maximum loan charges,
<br /> and that taw is finaUy interpretad so that the interest oc asher loan charges collected or to be coltected In connection with the
<br /> loan eaceed the permitted limits. then:(a)any such loan churge shnll be reduced by the amount necessary to reduoe the charge
<br /> to the perm[tted limit:and(b)anY swns alresdy collected from Borrower which exceedod pereuitted Itmlts wtll be r+efunded to
<br /> Borrower. Lcndor may choose to make this refund by reducing the principal owed under the Note or by meking a di�+ect
<br /> puyment to Borrower. If a refund raduces principal. the reducdon will be trrated as a partial prepayment wtthout any
<br /> prepayment charge under tho Note.
<br /> la.NoHces.Any notice to Borrower provided for 9n this 5ecurity Insuument ahall bs gtven by deiiver�ng It or by mail�ng
<br /> it by first eless mait unless applicable law requires use of another method.The noticc shnU be dlsected to the Property Address
<br /> or any other nddress Borrowcr designates by notice to Lendcr. My notIce to Lender shali be given by tinst class mail w
<br /> Lender's adclress stated herein or eny oLher address Lender desjgnates by nodce w Bomnwcr. Any notice provided for in this
<br /> Security Instniment shaU be deemed so have been�iven to Borrower ar Ixnder when given as provided in this paragraph.
<br /> 1S.Govern[ng Law; 5everability. 'Phia Security Instturaent shaii be governe+i by fixleral law aed thc law of the
<br /> jurlsdIction in which the Property is located. In the event that any proviaton or clause of this Sec'uriry Inswment or the Note
<br /> conflicts with applicable law. such conflict shall nut affect other provisiona of th[s Security Instrument or the Note which can be
<br /> given eftect wicfiout the conflicting proviston.To this end the provisions of this Securiry Instrument and the I�iote are declared
<br /> to be severable.
<br /> 16.Borrower's Copy. Burrower ehall be given one conformed copy of the Note and of this Secudty Instrument.
<br /> Wtm 80�8 8J80
<br /> Papo 4 af 8
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