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<br /> ' payments may no tonger be requined.at the option of Lend�r.if mon�age insurance mverage(ia the amouta tind,far the perFod �►
<br /> `� '. that Lemder i+eyuirress)provided by an insurer approved 6y�.eader again beaomes available und is o6iairced.Bormwcr shall pay �
<br /> . i
<br />_-_--�-�'::-'�, �p�s�s seq��r,�to�ain�sia nmrtgage insuraac�in eife�,or to provide a[nss reserve,nntii the requir�mant Fot mort�age �
<br />' iasurance ertds in accordaace with any written ageement 6enveen Borrower and[.eudar or applicuble ta�v. �;
<br />-�,'. 9.Imspectton.txnder'or its agent may mak�rc�anable entries upon an�inspertions af th:P�aperry. A.ender shall give _
<br /> ' �flrro�ver natice ut the time of ar prior to rin inspection epecifyit��easomble cause fot ehe inspection. —
<br /> _:,� e
<br /> ��:�N�. 10.Cottstet�t�tian.The procecds of any aw�d or ctaim for dartwges,dirert or come�uential._in wnttettion with any , _
<br /> ' f �.
<br /> :, ��°r�- , cdndrmni�tinn or ather taking of any part of the Property. ar fqs wnvcyance in iieu of caademnazion.are hereby assigr�ed and --
<br /> . �
<br />`:�--''r=`is,`�`, � 5htt11 be paid to 1.eMer. ' �
<br />��"''r°�� In thQ event of o tot�l laking ot the Propeny.the pmcetds sha11 be appls'ed to the sums secur�by this S�eurity Insuumeat.
<br /> "-r, ._
<br /> ::'-`�.� wttcther or acoi then due. witti uny eaees.s paid to Borrower. In the event af a partial taking of tlie Pruperty in whii:l�the fair _
<br /> _.:��:.�''�� �rket vsilue of t�c PcopeRy immediatety before the tuking is e9guai ta or gmater than the umount of the s�nms secured by this -
<br /> Securfty inswmxnt immediately before the taking.untess Borrower and Lender othetwise agree in writing.the swns secured by _
<br /> °_��3y� . this Securiey Instr�ment shall be reduoed try the ainount of the pmceeds multiptied by the foUowing fiaction: (a)the total
<br /> ���:;_=. atnovnt of tIte sums s�xrued immgdiately before the taking,divided by ib)th�fair mazket value of the Pc�e.ry,immediately _
<br /> �-�`�-r,. � lrefor�tke taking. Any 6alance shall he paiJ to Borrowes; In the event of a partial taking of the Pmperty in wl�ich the fe'u =
<br /> "`�� ' �' �aricet valus of ihe Progerty iwacediately before the taking is less than the anwunt of t6e sums seaued immediately 6efose the �
<br /> --1-�--—
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<br />:,,,��;�: : . . _.ttikin�;�unless Boriower and-i:endes othernise-agr�ae-in writing or anless applicable.law.otherwise provi�b�,the proceeds._.. _... _ ..._. ..
<br /> �"�� be applied to the sums secumA by this Securityf Instnunent wt�etfcer or not the sums are then due.
<br /> ;���, . .If the Property is abandoned by Bormwer.or if.aftet notice by Lender to Borrower that tlte candemnor affers to make an
<br /> 'award or settle a claim for damages. Enrrower fails to respoQd to Lender withIn 30 days after the date the aotice is given.
<br />=�:�•s, ' . _.Lender.is authoti�d to collect and appiy the pmoeeds.at its oprion,either to restorntion or repair of the Propertg or to'tbe sums —
<br /> 1� - secured by this Security Inswment.whether or not then'due.
<br /> ¢�� Unless�Lender aad Borrower otherwise agree in writing, atig applicatian of pmceods co principa!sha11 not exten�or
<br /> -- -•'��'� postpone the due date of the monthly payments�efemd to in paragiaphs 1 and 2 or change the amouni of sac6 payments. '
<br />,���'r� 11.Barrowee Not Reteased;Forbearaace By i.ender Not a Waiver.Excensian af the time for pa}mient or aw�ifrcation .
<br />--�a�;:��,�_.. �
<br /> -`—.�1.vs.,. ,
<br /> �,. ., . of amortization oF the sums secured by thic Security Instrurnem graated by L.ender to any successor in interest of Borrower sh .
<br />��`'`�"`T'� � not operate to ietease the lia6ility of the origintil Borrower or Borrovser's saccessars in interest L,ender shall not 6e iequired to
<br />'�""`'°'a`'��' ' commence procaedibgs against any successor in interest or refuse ta ehtend time fas paymeut or othenvise moaffy amorti��..tion
<br /> :-n����.� of the sn�secured by this Secunry Instrume�t by reason of any demand rnade by the origna! Borrower or Borrawer's
<br />--�--- su�ccessnrs isi�atetest. Any.forbea�anre by Ixnder in eaercisinp any right or remedy shall not be a waiver of oT preclade the
<br />___%"�,f_-,'sa�� ' exercise of x���c��t or.�-�y. •
<br /> __-�,_� u. gar���as'a�s��igas$ouad;Jaint sud Several I.i�tc"�"nty; �o-siguetis.'ffie covenanu and agrecments of this
<br /> �_,���� Security, Ins��nt shall 6inti and b�,fit the successors and assiga�s of Lender and t3otirower.subject to the provisia�of
<br /> --___=''� ' parag,raph 17. Borroarer's coveaaats and agnements shal} be joim and seveml. Any Borrower who oo-signs this Se�urity
<br /> -------° IInsWment but does not execute the Note: (a)is co-signing this Security Instrument only to rtiortgage,grant and�onvey ihat:
<br /> -------- Boaower's iaterest in the Property under t�e tem�s of this Sectuity Instmment;(b)is nai.perso�atly obligated'to Qay ihe s�mS
<br /> ' , securer�ts����tir�Security Inswment:and(c)agm�es that 1.ender aud�y other Borrawer may agree to extend.modify,forbear nr
<br /> _ �Jce i,nk,;ssra�i�modations with regard tothe terms of�his Security Ln;r,svment or the Note without thaf Borrower's conse�.
<br /> ' , a3.��C�arges.If the toan secured by thi's a�urity Instrw-n�xnc is�ubject to a!aw wiuch sets maximum toan chasg��. ,,
<br /> and that!aw is fmally interpreted so that the inte�Y.or other loan Fharges m��cte�1 or to be callected in cont�ecilbn witb the '`�,,.. ::
<br /> -- loan exceea the permitceA limits,then: (a)any such foan charge sha11 be reducai by t�e amaunt neressary to reduce the chnrge ,
<br />-- --- — to the pemiit�ed limit;and(b)ciny stia�s already collected fram�rr�wer which exceeded permitted limits will be t+efunded to -
<br /> - - �' Borrowc�. (�;.nder may choose to make this refund by reducirtt.lifi� principal owcd under the Note or by making a direct
<br /> - _ �paymem'ta,Borrower. If a refund reduces princip.al, the redu.�fix�n will foe treated as a partial �repayment without ady
<br />--- - _- prepayment charge under the Note. "?'. . �
<br /> ---__-= 14.1yp�ces.Any nptice to Borrower Qrovided for in this Sa��rity Insmunent shal!be glven by dyfivering it or by mailing •
<br /> --s�--�� it by fi�t•cf�s mail untess applicable taw requires use of anota,:�rx�tftod. The notice shall be direeted to the Property Address
<br /> __ - or any otts�address 13orrower designates by notice to Lender.•�y noHce to Leader.shall 6e given 6y first class e�ail to
<br />----- -- Leader's address stated herein or any othet addrrss L,�rtder desi�',ateg by norice to Bnrsower, Any nodoe pmvided fbr¢n this
<br /> ---__-- --_ � Security Insuument shall b�`deemed to have been giv�t�SolroweY or l,ender when given as provided in lhis patagzaph.
<br /> - 15.Gqveming Law; Se�+era6ility, TAis Secur."ty Instro�'.ent shall be govemed by .federal taw and the law of the
<br /> --r ti�� jurisdictlan.in which the Property is Iacated..In the event that any provision or clause of thts Seatrity Insmiment os:�io•Note
<br /> -_=-_����� conflicts�iriti3'applicab2e law.such w�,f Cr ict shall not affact other pi�nvistons of this Secnriry tnstivment o�the Note wh�.',h s�n be
<br /> :_-_°=y`�.'� given effed�without the conflicting provlsion..To this ertd the provisions of this Secutity Insttument and the Note are dBClared
<br /> u= -=�� to be severable. � � .
<br /> ''���� 1Qf.Borrou+er's Copy.Borcower sha114e given one confarmed copy of the Note and of this Security Instrument. `
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