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<br />_ . ' 'er isF mort e insurance coveeu�e(i�t�►��a�muuaE'����ad . --
<br />- , paymeata may no longsr de requir�.at the option of lxnd . g�
<br />�; ��tbat L�n,der r�uiac�?Provtded by oa insurer approved by i.ender aga�n becagies availabte un�is o6r.tined.Bnrtu�nrer shai!pay . _
<br />'- the Fremiums requi�d co mainwen mortgc►ge inswpnse in�effect.ot to provide a loss r�eserve.until the requirefient for moR�e `
<br /> - � insumnce ends Fa accordance�vith f+nY i'rr�tten ag,reement bet�veen Borro�ve�and Lender os appticable la�v. �.
<br />- � . 4.Y�.Lender og�ts s�ent�rra3r ma�e rea�on�t�eaines apo»a�u�spections of'the Property.Lender shall give� --
<br />-- �mrav�er aouce.ax the ame of or prior to an insp8ction sPeci�yiag reasnnuhle cause for the iaspection. �
<br />-= .. 10.Condemn34�an-'ft�c Fmceeds of any award or claim fflr da�nages.direct or oonsequential,in conne�ion vritti�ssy �:.
<br /> _ ' condemna¢ion or other tatting of any part of tlis Property.or for conveyanee�n lie�+of condeau�ation.aIe hereby assignai aiW ,—
<br />_- sbali be paid w LeBder. —
<br /> � In the event of a total taking of the Pmperty+.the proceeds s6all 6e appiied W the sums se�ured by this 9ec�irity Iasteaune,nt� ' --
<br /> • whether or not th�n d�e,witb any e�ccess Paid to Barrower.Ia thc evei�t of a partial taidng of the Ptoperty in whicfi the fair '
<br />= market vatus of We Pc+nperty irhmediately before the salcing is equal to or greater t�n the amqunt of the sums secured bj►thi�
<br /> - . Se�u£ry Instrument immedi�ely 6efore the tai�ng,unlesa Borrower,and L.ender otherwise agree fn wrIting.the sums seaired try -
<br />_ this Seauity Insqvment shaU be reduced 6y the slnount'of tlis pmceeds maltiplied by the following frasaon: (a)the tatal
<br /> amount of the sums secvred iannediateiy before the taking,divided hy(b)t6e fair market value of t�PropeRy immediatetY -
<br />— m wturh the f2ir
<br /> �f�the t�in�. pny balanoe shall be paid to Borrower. In the event of a partial taking of the PmpertY '
<br />— market'vatue of the Pr��rty In�diatelY 6efore the ta�ing�is tess d�a�q the amount of the s�ms sewred im,+,ed;�y before the� —
<br /> talda8,untess Boirower and I.ender otherarise agres in writing or unIess•applicable law otheiwise provides;the proceeEs s�af1 —
<br /> = be apTrlied W the sams senued by this Security Iastnmiem wh�her ar uot the sum.g are then due. .
<br />..,
<br /> _ ...- - -
<br />-.� � ._If tlie Piap�ty is abaadoaed by Borro��er,-or if;a�'ter natice by Lend�r�w Eorrower.that_the cosuIemnor o ers�o _.. _an ..
<br /> � award or seale a ciffim for da�nag�s,Borrower fai3s to iespond w Lender witt�in 3U days aRer the date the aotice is givea, �-
<br />— L�euder is authariaed to collect aud epgl y the Fmceeds.at its option,either to restoration or repair af the Pmperty or w the snms '
<br />-- secured by this S�auity InsUuacem,whether or aot then due. �
<br /> � ` �Unless L�rcder.and Borrower othecwise ag�ee in writing, anY aPPlicatio�of proce+eds to prindpal sha11,not extend or
<br />-- postpcsne the dn�date of the montiilY Paymet►is referred to in pasagtapbs 1 and 2 or ohau�tlie amount of such paymedtts. . •
<br /> � � il.Borrawer Not ReIeased;Forbearauce By I.ender Nnt a Wsiver.Ex[ensioa of the time for payment or madiS�tiaa
<br /> of amortiza6on af the sums secured bp this Security�nsimaneant grante�i by I.eader to anY successor in.inietesc of Horrower sha11 .
<br /> ° . :�ot operate to re2ease t�liability of tha ariginat Bo�Yater or Borrower's suocessos�in interest.Lendra sh,a�!not he reqi�ired to
<br />..; -�5oauneace praceed'mgs against any succe.ssar in inte�or refuse to exteu�t�q�.f�F FaYment or ptheruvise tinudifj►amoniration ,
<br /> H . of the saxe�s sewred by this Sec�riry Instrament 6y reason�of zus.v demaad�i'i'sde isy the original Borrbwer or Bomn�ver's • ,
<br /> i_ ° succ�s�i�a interest. Any forbearst�toeTby Lender in exercisit�g,�•right ur iemedy sbaU rwt be a waiver of or preclude the �
<br />-� exercise of aay.right or remedy. . ` - . � � u
<br /> -- 12. 5n�ors sud ASSigas Bou��;doini ar.�.Sevcrat �.iabll€ty3 ��►� The wvenants u��.agre�tne�ts of.this
<br /> = Security Instrument sl�all 6ind and 6enefit the suocessprs and assitSos of Lender and Borrower,subjec�i�the pmvislaas o� �
<br />� parugrapB'17:Borrawer's cavenanu and agreements shall be Jo1nE and severni. Any Borrower who co-signs this Securiry .
<br /> -- Insuument but does nat execute the Note:(a)is ca�signing this Secariry Instiument onty ta�attgage,gra�and convey that �
<br /> _ � Borrower's interest in the Froperty under the tem�s cyf this Security lnstrument;(b)is�mt��rm.�l[y oWigate4 2o pay the sums
<br /> — . . sec�ued by this Security Utr�strament;and(c)a&rees 8�iw=Ltuder and any other A¢zrower may a�e to extenr,�madify.for6ear oT
<br /> — � malce any accommodations vrith regard to the terms of this Se�urity€nstniment��tie,Note without ti�at 8���:a's consent. ,
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<br /> ' ' •f�;$qsn Chatgt�.Yf the loan seccured 6y this SecurIty Instsument is su�;;a:K to a law wtuch sets ma�^.,.;�".:m io��.
<br /> — and tha¢,l��r qs fiaally intetpieted sa rlhat the interest or other fazn charges wliected or to 6ie clolleste�d in oonnecxia�,���� ' �
<br /> loan exdeed the pertrtitted limiu,then:{a)any such loan charge shall be reduced by the an�ir�tt.eecessary m reduce th��sharge
<br /> � to the permiued limit;and(b)any sums already oollected from Borrov�er wfuch exeeeded petmitted liatits will be iefunded to .
<br /> Bormwer. Lender may chflose to malce tLis tefri�Uy reducing tfle.prineipal owed under.the Note a�by making a dired
<br /> . paymeat ta Borrower. If a refund reduces priac�pal, the reduc�on wiU he treated as a partiat prepayment aithout any
<br /> prepayment charge uader the Note. • • •
<br /> 14.Notlo�.My notice ta Borrower provid�c!for in this Security Inswment shall be given by delivering it or by mailing .
<br /> — it>by first class raaii'untess applicable 4�►w require�sASe of another method.Th�aorice shail be directed.�t�e Praperty Address•
<br /> or an}+ other address Bonower designates by aotFce to I.ender. My noflqe��I.ender shal! be given(5�r fisst class mail to ,
<br /> ' Lender's address atated her�in oi any other address Lender desigaates by nodce to Barrowcr. My notice pruvidQd for in this �
<br /> Securiayt Rcstrument shatl be deemed co have bcen given to Borro��r or Lender when given as provided in this pa:a�rraph.
<br /> 1,5;�uverning Law;�Severability..This Secaarity InsWment shall be govemed by'federal law and the taw of the
<br /> jurisdiction in which the Propesty,is lacated. In`�event tliat any provisiun or clause of this Secudry Instrument ar the Note
<br /> canflicts with uppticable law;such e�ntIict shall aot affect ot�cer provisions of this Security Instmment vr¢�Nota wbich can be
<br /> — given effest without the canflictin�provision.To this end�the provisions of this Security Insuument and�4e Note are declared
<br />-- to be sevemble. •
<br /> -- , : 16.Borrower's Copy.Bbrrower shall be given one conEonned capy of the Note aad of this Security Insuument.
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