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.ra ' . i : ' ' _.-. le --- .... .. .. . . .. ... . _ __. _. ._-______ -. _—____—___- ._____ _. - .. i_ _ . . . _ _._ . _ _. _____-.... ra:bswntiAlly eQWval�nt martg�e inwru�ac covcr�gc is nat aw�ilsble, Borrowcr sNall�ay to l�sder cacb tnonth a snm cqu�f to - one-twclfth oP the yady mortgage lnsurance pncmium being paid by Borrower when tha insurunoc caverago lapsa!or ceased to be ia effect.LerrSer vs�il�e,use and ntain these payments as a losa reserve In Iteu of mortgage ipsurancc. 1.oss reserve (p paymenta may no tonger ba reyuirai,ut the option of Lender.if�nortgago lesunuxe cavetafia(in the umount end fcrr tho per�ad(n that Lertdcr r�cquircs)pruvlded by nn insurer up�roved by Lender agctin become9 availablc and is obtuined.l3orrower sQuU puy � tho premium9 required to maintain mo�tgngc inswunce in efPect,or to provide te loss rescne.until d�e�equircmtnt for mongage��t ias�mncc enda in accordance wtth urry weitten agreermnt between 6oROwer anti T.endcr or applicable luw. �ii' 9.lnep�tttoa. Lci�der or its agent may make reasanable entrles upon und lnspa�ions of thc Property. I,ender efu�ll giveQ Barrower nodec ut tha tirna off or prior to en inspertlan specifyln$masomble�;tuse fpr the inspection. 10.Coadannatla�u.11ie pr�cce�Ss af any uward ar cl�im for damages.diroct or mnsequentiaf. in coruiection with�ny� condccnnation or other tc►king of uny psut uf th�Property.ar for conveyance In I{eu of wndemnation. are hereby as3igned �c(� shull be paid to l.ender. � In the event of a total tnking of the Property.tha proceedR shall be appllod to the sums scrurod by this Securlty Instrument~ whether or not the.n due. with nrty exc.ess paid to Rorrawer. Ie the evcnt of u purtial taking of the Property in which the feir market valua of the Property immediate!y 6efore the taldng is e8aal tv or greater than the amount of the sums secured by this Security Inshument immedlutely before the taking.unlcss Borrovrer and I.endcr atherwlse agree in wrIting,the sums secured by thia Secutf¢y Insttumeat shall be [educed by the amount of the pmceeda mWdplied by the following fraction: (a) the total a�maunt of the sums secured iminadieiely before the tnlcin�.divided by(b)the fair market vulue of the Propeny lmmcdiately bofore the tnking. Any balance shalt be paid to Borrower. In the event of a partial taking of th6 Property in whIch tha fair market value of the Property imrnedlately before the takjng is less thaa the ataount af tho sums secured immedlately before the wlcing.unless Bomnwer and L.ender otherwise a�rce In writing or unless applicable law athetwise provldes,tha proceeds sfiall be applied to the sums secured by this Securiry Instmment whether or not the sums are then due. If dte Property is abandoned by Borrower.or if.ufter notice by Lender to Bomower thnt die oondemnor offers to make an award or settle a cla�m 8or dstmages, Borrower fails to respond to Lender withln 30 days after the datc the notice js given, I.ender is authorized ta coUect and apply the proceeds.at its option,either to�eswration or npair of the Pmperiy or to the sums secured by this Security Instruument.whether or not then due. _ Unless Lendcr and Borrower otherwise agree in writing, any s�pplicatIon of proceeds to pdncipal shuil not extead or postpone the due data of the monthly payments referred to in puagraphs 1 and 2 or change the amount of sach payments. Il.Borrower Not Released;Tor6earance By Lender Not a Weivcr.Extenston of the time for payment or modificatIon of amortization af the sums se�cured by this Security Instiument grantod by I.ender to any successor In lnterest of Borrower shall - not�pernte ta releuse the llabiNty of the or�ginal Horrower or Bomower's successors in lnterest. Lender shall not be required to oommence proceedings against nny successor ln interest or rePose to eztend t�me for payment or otherwfse modify amortir�don of the sums secured by thia Securiry Instrument by reason of any demand mude by the orIgin�l Bonower or Bornnwer's su�ora in int�rest. Any forbearance by Lender in exercising uny r�ght or remedy shell not be a waiver of ar preclude the exercise of any right or remedy. 12.Suocessore snd Asslgns Bouad; Jotnt ead Several Liabillty; Co-signers. The covenants and agreemenu of this Security Insuument shali bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of para�raph t7. Bc�rrower's mvenante and a�reements shall be joint and several. Any Borrower who co-signs this Security �`" Ittst[ument but does not ezecute the Note: /a) ic m-cignino thi�Cr_r.ul�ii;� fn5t[Ltnc!!t 4nly io moRgBg�.glBAt 8Sla C4AYCy� !hat = Borrower's interest in the Property under the terms of thls Securiry Instcument; (b)is not personatly obli�ated to pay the sums = secured by thls Securit�r Instrument;and(c)agcres thet Lender aad any uther Borrower may agree to extend,modify.forbear or