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<br /> ' pnymcnts muy no longcr bo required,at th�opNon of L..cndcr.iF mongago insw7u►co covcraga(in U►¢amount nnd for tho period
<br /> thut L,endcr rcquires)providcd by an lnsurcr appmvcd by[.cndcr again lxxomes availnblc and Is obwincd.Borrowcr shaU puy thu .
<br /> .. premiums requircd to muintnin moitgago inRUr�ce in cffact, ar ta pravldc a loss rescrvc. until thc rcqujrement for mortgaga { .
<br /> inauronoe cads in accordancc with cu�y wriucn ngrcxmGnt bctwccn Sarcawcr and l.cndcr or applicabla luw. ' �
<br /> ; � S►.Inspection, [.endcr or it� agent moy ms�lce rcASOneblo entries upon nnd inspecdons of tha Property. Lender shall give f
<br /> Sonower notirr.�ss at the Umo of or prlor to a�insp�xdon spocitying reasonable causa for tha inspocti�n. I
<br /> � 10.Condemaation. Thc pracccds af any award or cWm for dartwges,dlrcxt ar conscqucndaL in connocdon with any f
<br /> condemna�on or otha taking of any part of the Propeny,or for conveyanca in Ileu of condemnatlon.arc hereby a4signed aad �„ , .
<br /> shali bc�pa�d w Lender. '
<br /> In tho avent of a totai takjng of the Property�the proceeds shall be applied to the sums sccured by ihis Securlty Insuument� �
<br /> whether or not then duES.with any eaccess paid to Borrower.In the event of a paNel teking of the Property in whlch the fair maricet
<br /> vNue of the Property immediately before the taking is cqual w or g�eater than the araount ot the sums s�ecurcd by ihis Secudty •
<br /> Instrument immedlately before the taking� unless Bomower and Lender otherwise egrce ln wridng. tha suma secure�by thia ' .,
<br /> � � Securlry Inswment shall be reduced by the amaunt of tha proceeds muldplied by the following fracflon:(a)the totel amoant of ,
<br /> the snnu secured immediately before the taking,divided by (b) the fair maricet value of the Property immedlutely before tho -
<br /> taking.My balance shaU be pa{d to Rorrower.In ihe event of a partiel tallcinng of the Prope�ty in whlch the fair market velua of the ' •-
<br />- Progeity Lnmediately bsfare the takla� ls less Ihan tho amount of the sams secUred immedlately beforo the takinB, �m1eR.s �
<br /> Borrower and I.ender othawise agree in wrldng or unles3 applic�ble law otherwLse pmvides.the proceeds shall be appHed m the '.
<br /> .. � sums socured by Uiis Security Instrument whether or not the sums am then due. •.
<br /> . If the Property is abandoncd by Borrower,or if.after nodce by Lender to Borrower that the wnderaa�or oft'ers to a�ake an
<br /> award or settle a claim for damages,Bo:rower fails to respond to Lender within 30 deys aftea the date We nodce i�glven,Lettder .
<br /> is suthorjzed to collect and apply the proceeds,at its opHon,either to reswradon or repair of tbe Pmperty or to the sums secured :�ti
<br /> by this Securicy Insnvment,whetLea or not then due. � ,``,� "._
<br /> - Unless Y.ender and Horrower otherwlse agree in wridng,any applieadon of pmceeds to prineipal shell aot eactend or postpone ��
<br /> the due date of the monthly paymenta refe.tted to In paragraphs 1 aad 2 or change the emount of such payments. `�'
<br /> 11.Borrower Nat Reteasedi Forbearance By Lender Not a Waiver. Extension of the dme for payment ar u«odificadon �" � �
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<br /> � of amordzation of the sums secured by thls Security Insaument gcanted by Lender to any sua�sor in interest of Borrowea ahatl ���, ''•� r ; ..
<br /> ., ----- n42�`_r9te i4�l�s�hi l�iibllity�f ih�?ori�inal B�rmwer qr Bc�rmwet'c cuccessors in int�test.I.ender shall nat be res}uired to r � ' _ .
<br /> comnneuce pmcecdings against any auccessor in inter�st or refnse te extead time far payment a othetwtse modify arao�iZation of ' � �,y ., i
<br /> ., . .'.'�,1.;, the sums seciued by this SecurIty Instrwnent by reason of any demand mede by the origlnat Borrower or Bo�rowes's stcccessors '., �� ,.
<br /> . � �.°;,�� ., in interest.Any farbearance by Lereder ia eacerc�s�ng any right or remedy shell not be a waiver of or precluda the e�cen�se of any �,; ;�,s�{ .
<br /> dght or remedy. •, ' A;��
<br /> 12.Successors ead Asaigns Bouad�Jotat and Several I.iabllity; Casigners. The coveaants and a�ments of this �`� �r�
<br /> �„ ' Securlty Inst�uneent shall bind and bei►�t the suocessors and essigns of Lender end Borrower.subJect to the provlsiona of � r � �
<br /> � . . paregraph 17. Bamower's covenants aad agceements shall be joint end seveaal. Any Horrower who co-sigas this Sec�rtty � °n
<br />. . Instrument but dces not execute the Notc: (a) is co-signing this Secucity Insavment only W moitga�ge,grans and convey ihat
<br /> �� Bwrawca's iaterest in the P�roperty uader the terma of this SecurIty Insuumea�(b)is not personally obligfued to pey the sums ;..-___�
<br /> � secured by this Sacurlty Instrumeru;and(c)ag�es that Lender and eny other Bormwea may ag�r�ee to extend,modify.forbear or � . ���
<br /> ��, �-_.
<br /> ., �• make any accommodations with regard to the tec:ns of this Seciuity Iastn�meat or the Note witLout that Bomower's conseat "' .• t`�=°�
<br /> 13.Loan CLarges. If the loan secured by this Securisy Insuument is sub}oct to a law which setg maaimum loan charges. .�
<br /> �� . and that law is finally i�te�preted so that the interes�or other loan charges collecced or w be cxllected in conuoctlon with the loan _ <� ...,, �o,,��
<br /> ';:,,;, eaceed the permiried limits�then:(a)eny such loan charge shall be reducad by the araount necessaiy to reduce the chesge w the : �
<br /> ' �:;,'�',�" �ennitted limit;and(b)any sums already colleaed from Borrower whlch exc.eedod nern�iued limits wW 6e refunded�u Bomoaer. . :��;' ''''�:;
<br /> • �;:`'`;;'; Lenda ma choose to malce this refund b reducin the rinci owed under the Nots or b malcinn a direct �, �1..Y��
<br /> ,� • y Y 8 P Pal Y mal 8 I�Yment to . �:f.,,�.,..
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<br /> `:,•', ; . .,,;,.���,; Botrower.If a refund reduces principal,the reducdon wiU t�e treate�ag a P�P�Yment wid�out anY P�PaYment charge . ���� :•
<br /> • . .�,,:i;�:t�.;",.:; oadertheNote. , � � '.;:,'"�`-`.-`
<br /> � ����� x4.Notices. My notice to Borrower pmv:ded for in this Securlty lnstrument sball be glven by dellve.ring it or by mailing it `'�;�?;�.�,��
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<br />°°, : -1 by fuat cla�s niaU untess appIIcabtc 1aw requires use of anothcr mcthad.'Itte notice siuutl!be dlrected to!he PrQgerty Adaress or .. . _ .
<br /> _ . � any other address Bosrower dealgnafcs by noflce to I.ender.Any nodce to Lender shall be given by t'ust claqs mail ta Lender's . � .' .
<br /> . ., t address stated herein or any other address Lender designates by nopce to Bonower. Any nottce provlded for in this Security
<br /> ! Instrument st�all be deemed to have been glven to Borrower or D.ender when given as provided in this paragrapb. _
<br /> " � 15.Governing I.ew;Severabll(ry. This Securlty Insuument shall be govemed by federal law and the law of the
<br />- •. judsdtetion in which the Property i�located.In the event that eny provision or clause of this Security IresVument or the Note
<br /> = � ' conflicts wlth appllcable law.such wnfl{ct shsll not affect other provLslons of thls Sec�ulty Yns�umens or the Note wtdch can be
<br /> , � given effect without the canflicdng provision.To this end the pmvisions of this Socurlty Insuument and the Note nre declarat to �
<br />- ' � be sev�able.
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