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<br /> �,'9 5- i06709 .
<br /> paymente muy na longer be myuirad, ut the option of Lender.if mortgage lnaurance coverage(in the amount end for the period
<br /> that[,ender requlres)provided by wi insurer approved by Lender again becorues available and is obtained.Banower ahall pay
<br /> the premiuma required to maintain mortgagc insorance in effect,or to provlde a loss resen+e. until the requirement for mortgnga
<br /> ii�surruice e�xl�in accordanca with w►y written ugreement between Borrower sucd Lender or appNca6le aaw. --
<br /> 9.Inspection. I.ender or its agent may malce reasonable enMes upon and inspectiona of tho Property. Lender shall give
<br /> Borrower rtotice at the time of or pdor to an inspectton specifying reasonable cause for the inspection.
<br /> 10.Condemnstlon. The proceeds of eny award or claim for demages. direct or canseguencial,in connertion with any
<br /> condemnutlon or other tuking of any pert of the Property,or for conveyame in lieu of condemnation,are ltereby asalgned and
<br /> shali be p�d to l.ender.
<br /> In the evcnt of u total taking of tho Property,the proceeds shall be appHed ro the sums recured by this Security Instrvmeat,
<br /> whether or not then due. wlth any eacess paid to 13orrower. In the event of a partist taking ot the Property in whicb the fuir
<br /> market vnlue of the Property immedlately before the taldn� is equal to or greater than the amount of the swns secuted by thia
<br /> Securlty Insttument lmmediately before the taking,unle.ss Borrower and Lxnder otherwlse agrce in wrldng,the sums aecured by
<br /> this Securlty Insuument shall be reduced by the amount of the procceds muldplied by the foAowIns fracdon: (a)uie wtal
<br /> amaunt of the sums secared immedistely before the taking,divided by(b)the fair market value of the Property+ immediately
<br /> before the taking.Any balance shall be paid to Banrower. In the event of a partjal taking of the Property in which the fair
<br /> market v�luo of the Property immaltately before the taking is less than the amaunt of the surn�secured ium�ediate{y before We
<br /> taking,unless Borrower end Lander otherwlse agree in wrlting or unlesa applicable law otherwise provtdes, the proCCeda ehall
<br /> be applied to the sums secured by this Securiry Instrument wuether or not the sums are thon due.
<br /> If the Property is abanduned by Bomower.or if,after notice by Lender to Bonower that the candemnor offers to make aa
<br /> award or settle a claim for damages. Borrower feils to respond to L.ender withi�n 30 daya sfter the dat�the notice ia given,
<br /> L.ender Is authorized to collect and apply the proceeds.at lts option,e.ither to restoration or repair of the Property ar to the suma
<br /> secured by this Sccurity Instrument,whether or not then due.
<br /> Ualess Lender and Bonawer otherwise egree ln wdting. any application of procceds to pris�cipal shall ceot extend or
<br /> postpona the due dete of the monthly paymeats referred to in paragcapha 1 end 2 or chanse the amount of such payraenta.
<br /> 11.Bo1't+ewer Not Releasedi Forbearance 11y Lettder Not e Walver�Rxtension�f the Hme fc�r Ixtyment or modtfic�tion
<br /> of amartiutdon of the sums secured by this Security Inatrument granted by I.ender to any successor in interest of Bonower shall
<br /> aot operate to rclease tha iiabiiity of the originai Eiarrower or&�rrowu m su� svis in i�ier�si. Leszz3er shal2 siai b:,�quiscd ta
<br /> comtaence proceedinga against ciny successor in InYerest or refus�to extend time for payment or othetwise rnodify arnortJzation
<br /> of the sums secured by this Security Tnstrument by mason of eny demand made by the original Borrower or Borrower's
<br /> successo�s in interest.Any forbearance by Lender in exercising eay dght or remedy shell not be a waiver of or preclude the
<br /> exercise of any r3ght or remedy.
<br /> 12. Sua�ssors and Assigna Boua�Joint and Several Lisbility;Co�stgners. The covenenta end egc�eements of thie
<br /> Security Instrument shall b[n� and benefit the successors end assigns of Lender and Borcower,subject to the pmvistona of
<br /> paragraph 17. Bomower's cavenants and agreementa shall be joint end several. Any Borrower wlu� casigns this Se�urity
<br /> Insuument but does not execute tbe Note: (u)Is co-slgning tthie Secwity InstNment only to mortgage. grent and ooavey that
<br /> Borrower's interest In the Property under the terms af thls Sor.udry Instrumenr,(b)is not persondly obligated to pay the sums
<br /> sxured by this Se�urity Insmiment; and(c)agrees that Lender and any oxher Aorrower may agree to extend.modify,fo:be�r or
<br /> malce any acoommodadans wfth regard to the terms of this Seecuurity Insmiment or the Noto without that Bormwer's coasent.
<br /> l3.Lo�n'Clw'rges.If the laan secured by tbie Secwity Instrument ia subject to a!aw which sets maximum loan charges,
<br /> , end that law is finelly interpreted so that the interest or other loan charges wAecte�or to be coUeCted in conctection wIth tha
<br /> • loan exceed the permitted limits.ehen:(a)uqy such loan eharge ahall be reduced by the emount necessnry to neducc the char$e
<br /> w tbe permitted liaut;and(Is)a:sy sums already coilected fmm Borrower whtch exceedat permtttod limits will be refunded to
<br /> Banawer. I.ender may choose to make thia refund by reducing the principal owed under the Note or by makIng a dir�cx
<br /> paymenit to Sorrower. If a refunct reduces princ�pal, the reduction will be heated as a partiai prepayment without nny
<br /> prepayment charga under the Note.
<br /> 14.NoNcxs.Any notice to Bornower provlded for tn this Secur�ty Insuument siuill be given by delivering it or by mniling
<br /> it by fin�t dass mail unless agplicable law r�quires use of another method.'f'he notIce sheil be directed to the Property Address
<br /> or any other eddress Borrower designates by notice to I.ender. Any nodce to Lender shali be given by first class mail to
<br /> Lender's uddress state�hereitt or any other addmss Lender desiqnates by notice to Borrower. Any notIce provided for in tlils
<br /> Security Instrument shail be deemal to luive�een given to Borrower or Lender when given as provided in this para�raph.
<br /> ' iS.Goveratng Law; Severability. This Security Instrument shaU be govemed by federal law and the law of tha
<br /> jurfsdictton in whIch the Property is loctited. In tho event that any pmvision or clause of this Secvslty Instrument ar the Note
<br /> conflicta wlth applicable law.such conflict shall not affect other pmvlsions of this SesurIry Instrument or the Nnte which can be
<br /> given effect without the�.onflicting provision.To this end the pmvisions of thIs 5ecurity Instrament and the Nate are declared
<br /> w be severable.
<br /> 16.Borrawer's Copy.Borrowcr shall be given one oonformed copy of We Note and nf this Securtty InsUUment.
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