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.sa •�}FS'�<<��y��p�� ._ 'i 1'I'.:,'�i` 1 .,�.s;<<�;,. .. r,.,.5,, �i: ' ►��1�.�.�'+'�;`.. _ _ - - - - _ _ ____.___—_�_�__..------- ----- - --__ _ 9�~1t�� payntentx may no longer bc required.at tho optian of l,ender.if mortgage insurnncc covcrngo(in the amount und for thc period that Leraicr requires)pmvided by an insurer approved by Lender agaln becomes uvnilablo und is obtained. Barrawcr shall pay the prerniums requined ta mnintaln mortgage insurnnce ln effert.or to proeride e loss reserve.until the tequirement far moMgese - insurance ends in aeconiance with any wdtten agceement betweEn�ormwcr nnd Lender nr applic�uble law. 9. Inspectlon. I.ender or its ngent moy makc reasonablc cntdes upon and inspectIons of the Properry•1.$ndcr shall give Borrower��utice st the time of or pdor to an iaspection specifying reasonuble cause for the inspection. 10. Condenmatbn.The pmceeds of any award or claim for dumages. dlrect or consequent[nl. in connectlon with any condenmat:pn or other taking of s�ny part of the Property.or for co�iveyance in lieu of condemnadon.ere hereby assig��ed and ahall be patd ro 1 ender. [n the event af a total taking of the Property.the ptoceeds sh�ll ba applIed to the sums secwrd by this Secudty I��stru�i�ent, whether or not ihen due. wlth uny eaass paid to Borrower. In the eveat of u partjal taking of the Property fn which the fair market value of die Property (mmediauly before the taktng ia equal to or greater than the amount of the sums secured by this Securlty Instiuxnen►immediately before the taking.uniess Borrower und Lender otherwtse agree in wridng,the sums soCUre�by . this Securtty Inauument shall be reduced by the mm�uat of tbe procxeds mu!dplied by the follow[ng fract�on: (a) ths wtai ' aawunt of tha sums secured immediately befare the taktng,divtded by(b)the fair market value of the Property immediately � before tha taldng. Any balauce shaU be paid to Borrowe.r. In the event of a partial taking of the P��operty ln which the fair . mazket valuc of the Ptoperty immediately before the taldng is less than the amount of the sums secured irnmediatcly befom the teking.unless 8orrower end Lender othcrwise agrec in writing or unlcss applica6le law atherwise provides,the proceods shall be npplted to the sums secured by this Security Insuument wheYher or not the sums ara then due. � If the Prapeny is abandoned by Borrower,or if,after notIce by Lender to Borrower that the condemnor offers to make an awaM ar settle a claim far demages. Borrawer fails to respond tn Lendex withln 30 days after the date the nottce is given. Lendar is authorizod to collect and apply the pmceeds,at its aption,e3ther to restoradon or�+epair of the Property or W the sums , secured by this Security Instrument.whether ar not then due. Ualess Lender and Borrower otherwise u�ree in writing, aay appllcation of proceeda to princlpal ehittl not eatend or postpone the due dat�af We monthly paymenta refen�W In paragraphs 1 and 2 or change tho amouat of such payments. 11.Borrower Not Rdeased;Forbearance By Lender Not a Waiver.B�ctension of the time for payment or modific�tion of umottizatIon of the sums seciued by tlils Secur�ty Inst�ument granted by Lender to anyr successor In intemst of Borrower sf�a11 not operate to nlease the liabil{ty uf the originsl Borrower or Horrower's suooessors in intenst. Lender shall not be requirad to comraence proceodings agdnst any successor in interest or refuse to axtend dme for payment or otherwIse modify amortizat�on , of the �ums secured by thIs Security Instrtunent by mason of any damand mede by the origfnal Borrower or Borrowcr's � succxssnrs in interest.Aay forbearanca by:Z.ender in exercisIng any dght or remady shait not be a waiver of or preclude tt�e exercise of any dght or remedy. 12. Sw�crs.9ore and Asstgns Bonnd; Jotnt pnd SEVerAI Lfability; Co-slg�teis. The covenants and agr�e�ments of tUia Secudty. Tnstcument shall bind and benefit the sua�ssors and assigns of Lencler and Borrowor,subjxt to the pruvisions of paragraph l7. Bornower's covenants and.a�nents shalt be joIat nnd several. Any Borrower who co-signs thIs Security Instiument but does nat oxocate the Note: (a)is co-signing thts Securlty Instrunxnt only to mortgage,grant and convoy thnt Bormwer's interest in the Property under th�terms of this Secudty Instrument; @)is nat personally obligatod to pay the suma securod by tl�ls Security Inshvment;ai►d(c)agrces that Lender and any other Borrower mny agree to extend,modify,fnrbear or u�ake any acoommodadbna with regurd to the teirns of this Security Inst�ument or the Note wlthout tUat Bornower's c;onsent. � 13.I.otn Chat�m.If tha Ioan savred by this Socurlty lnstrument is subject to a)aw w4ich sets ms�c[mum la�aa charges, and that law is flt�elly inurpracd so that the interest or other loan charges oollated or to 6e collected in connection wfth.the loan exceed the pertnittod lirni�s.then:(a)any such loan chnrge shall be reduced by the amount nocessary to reduce the charge . to the permltted Iimit:and(b)any sums already coilected fmm Hontowee which exceoded permitted limits wUt be refw�dad to , Borrower. �nder may choose to make this refund by reducing the principal owed,uadr.r the Noto or by making a direct _ payinent to Borrower. If a refund reduoes pr�ncipal. the reduc2ion will be treated as a partial prepayment wiWbut siny prepaymcnt charge w�dcr the Note. li.NoBc�es.Any notice to Borrower provided far in this Secur�ty Inst�ument sh�ll be giv�n by delivering It or by mailing . it by Rrst class mail unless appltcable law requires use of another method. The aottce shaU be directed to the Propeny Address or any other address Borrowtr designetes by notice to Lender. Any noilce to Lender shull bo given by first class maii W [.tnder's address statcd herein br eny other address Lender designates by notIos to Borrower. Any noBce pmvided for in this Sccvr[ry Tnstnunent shaU be damed to havs bae�t given to Bormwer or I.ender when glven os provide�in this parngtaph. 15.Governing Law; Severebility. Tlila Secucity Tnshument shnll be governed by federal law and the law of the Jucisdictton in which the Property is located. In the event that any pmvision or clause of ttds Security.Instrumem or the Nou conflicts with appticubte law,such canflict shall not affect other provisions of thIs Security Instrument or the Note which pn be • given effixt wlthout the conflicting provision.To this end the pmvisions of this Secudty Instnunent and the Note are declered to ba severablc. '� 16.Bore+ower'8 Copy.Borruwer shall be given ane conformad copy of the Note and of this 5�curity Instrument. �Orm 3028 8J80 v,oesas