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<br /> r__--.�� `-:' , ' suastss��ai3y eqtuvatent&artgsge insusance cw:erage is aot uvailabte.Borrar��er sh�11 p�y to[.ender eash montli�sum equal to � - --
<br /> ::�;`k:°:� '. � � ��'"� aas-twelftb of the y�rly mortgage insiaiance premium Deing pai�t hy Barrawer when the in.5.uance coverage[apsed ar ce�ed to ` .
<br /> :,�..` '• •�` ` . be in.:ffect.I.en�er�+ill accept,use aQd retain these payments s�s A loss rc.sewe in lieu of martgage insurance. Loss re�rve ` :
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<br /> "` ";�. ` . b � P�Y���Y�tonger ber�quimd.at the opiion of Lender:if maR�age ins�raace caverag�tin the amount aad for the pariod ., � �-'.f.
<br /> - � � . ' � that Lender requires?p�videcl by an insurer agproved tiy l.e�der agaia becomes avail�ble ana is obtai�ed. Borrotiver st�ll pay �
<br /> `•,=:r:.. '` , th$p�emivms�u�red to maintaim m�rtgage insurauce ia effect.or w provide a loss resene.until the ret�t►irement for mortgag�
<br /> - � ` ` � insuianee ends in aocordaace wlth any wrttten agreCment hetween Bomower aud lender or applicabie luw. . `:..' .t•:
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<br />-- �.` .." � 9. I�tectIou.Lendes or its agei►t may make masopahte emrtes upon and inspections�of the Property.Lender shall give
<br /> �:{: ,`.�.:.':<°s, Borrower notice at the time of or prior to aa inspertion specifying res�.sonabJe cause for the ins�ertiun. � ,
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<br /> . 10. Co�de�ation.The proce�ds of atry awazd ar ciajm for damages.dir�xt or consequential.in coiuiectioa with any �
<br />_ _ ,.; `•,.•k� '(.< coIIdemn�tion or other taking of any part of the Propetry.or.for conveyance in tieu of coridemnation.are hereby assigned and . �
<br /> shaU be paid to Lender.
<br /> �-�- i ��=,.=� Ia the eveat of u wt3t taking of ttve Propetty,the pmoeeds shall6e appli�to the svms stxured by'this Security Insaument. .
<br /> _ '. ;'.���, whether or not ttrrn due.with any exc�ess pud to Borrawet. In ttte event of a partial taking of the Property in Svhich the fair ` :�:�
<br /> - '.:-���"' market value of the Property immediately 6efoie the tatdng is equal W or grenter than the amount of the stuns secured by this
<br /> �' � '-% 3ecuriry Insdrument immediately before the taking:�u�less Borrower an d L.en der o t hernrise agree in writin g,the sums secared b Y ,
<br /> ..:.r"�: .`,, � '.��•;` ;;..`:� .this SeCUSity Tnctn�mer►t shall be [educed by the amount of the proceeds multiplied by the foUow'ing ftaCtion: (a) the wtal ..
<br /> 'F,".'.� . � amount of ttte sutns secured immediatety before the tafdng,divide�6y(b) the fair market value of the Pmperty iauaediatety .
<br /> - "` '� befoie the taking. Any 6alance shall be paid to Borrower. In the eve�of a partial taging of the Property in wteicl�the fair . �
<br /> _ �r_.,;., • mark�value of the Property immediately before the taking is less than the amount of the sums secured immediatety 6efore the
<br /> taking,unless Borrower and Lender otherwise agree in wri6ng or unless applicable!aw otheiwise provides,the praceeds sh�a "�`"'
<br /> — � , , be applied to the snms secured by this Security Instrument whether or not the sums are then due. . •
<br /> if thc Property is abandoned by Borrower,ar if,at�er uatice bX Leader to Borrower that the oondemnor offers to malce an ��.
<br /> • awand or sei�te a claim for damages, Boaower fa�s t�r�ond to Lender within 30 days after the date the notice is given. '�::
<br /> •' � Lender is authorized to colled and apply the prnceeds,at its oprion,either to restoration or repair of the Property or to the sums
<br /> . . . secuced by this Securiry lnsuument,whether or not then due. ��:;;-;.
<br /> - � � Un2ess l.cader and Borrower ot6erwise agree-in writing, any applicatioa of proceeds to principal shall not e�tead or
<br />__ ' � ' � postpoqe tt►e due date of the inonthly payments referred to in parageaphs 1 and 2 or change the amount of sach payments. _
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<br />_ `�``' 11.Borrower Not lfeleased;Foabearaac�B�Lender Piot a Waiver.Extension of the time for payment or modifrcation
<br /> -.,:'.:-.,-F-..-` . . . Lender to ' ' of
<br /> :,- ._.. of amorpizanon of the sams secured by ttus Secvnty Instrument g�anied by any successor m uiterest Bomower sGaIl
<br />: '" °;.,'�.�.�.`..;�. nat operice to release the liability of the onginaT fformwei oi Boirowei s successors in iatet�st.Leader shall norbe a�equired�ta�: .-- - �
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<br />_ ;•..`;;;.�.�.., c�m��Proceedings a8ainst any successor in�nterest or refus$w extend time for payment ar otheiwise atodify aatorti7a4on �.��,
<br /> •_�y•; of t�e�s secured by this Sewmy Instrument by reason of any demared made by�the origiaal Bomnwer or �imwer's —`�-
<br />=`'� , ' ' ?��' �� successors ir�interest. Any forbeataUse tYy Leader in exercisiag any right mr remedy shall not be a wa#ver of or p�ade th� �":�
<br />-- _ _--= exercise of any right or remedy. • _ � � ` � �'-
<br /> � y 1Z: sa�sso��a a���uaa;ao�nt ana s�e�r.���cy,�i�sig�s• 1Yie mvenants�and agreEm�•og-this � °'
<br /> _ ..�; � Security Instrument shall bind and benefit the saccessors aad assi�s of Lender and Barrower, subject w th�pravisioas of ��
<br />-_• , � .�• paragraph 17. �orrower's covenants and agr�ements sha!! be io tat a u d sev e r a l. A ny B orrower w ho c o-s igns t h i s Securi ty __
<br /> �°:;. � • Instnuneni bat daes not execute the Note:(a) is co-si�ning tliis Security I�..sm�ment only to mortgage. and convey that =_
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