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<br /> `� ��_'.* paymenta may no longer be requireE� at the option of Lender,if mortgege insurance coverage(in tde aaaouat or f�o gerIa� �:�
<br /> - - , thni ixnder requirea)Pmvtded by aa iasurer approved by Leader again becomes nvaiilleble aad is abteined.Borrower sLnll pAy �.:
<br /> , �o p��ums required to mainta;n mortge,ge fasumace in effect�or to provide a loss naerve�until the requirement for martgaga .
<br /> ins�r�ace ends in accordaace witt�any written�m�onuble nules u on aasl�tns�sect[one o theBProperty. Lxnder shell give
<br /> � 9.�pectton. Lender or its agent iuuY P
<br /> � . Sorrower notica at the time of or prior to an�P�ard or�ai�mBfor demaBes.direcs or�co��tial, ia conaection with any
<br /> - � °� 10. ?:a;�sic�4tbn.The proceed Y
<br /> ;s
<br /> � , condemaatlon or other taking of any part�f the P'mpertY.or for wnveyance ia 11eu ef condemnstion. ere hereby assigaed au
<br /> .��...� shaU be pald to Leader.
<br /> '�'��--"'"�': In the event of a total taldng of tlte Property. the pmce�eds ahaU be appIied to the sums secuned by thia Sec�uity Insavment. -
<br /> '� � whether or not then due.witlt any excess paid to Bormwer. In the event of a paittal taldng of the Property in which the fair =
<br /> ::c{�,,,�w�: itnmediately before the tak�ng ia equal w or gceater thaa the amount of the sums aeeuc+ed by this _
<br /> �,z „ market value of the Ptoperty =
<br /> .� Secudty Inshvment immcdlatelY befare the taktng.unless Borrower en�Lender otheswlse agree ia writing.the sua�s secu�ced bY �
<br />-�:��;���:`d..,�� tbia Secudty Instrument shall be reduce� by the azaount of the p�s raultlplied by the following fraction: (a) the wtal _
<br /> . ., �`'� e m o i w t o f t he sums secured immedistelY before the teking,divided by(b)the fair market value of the Property immediatelY
<br /> , �._',�.. : before the takjng. Any balance shell be paid to Borrower. In the event of a patdial tek�nS o f t he P r o p eriY i n w h ic h e l t e f a t r
<br /> ,.`��'. .k, market value of the ProperiY imm-�ately before the taidng is lesa than ttee amount otthe aums sQCUred immedltttely before the
<br /> -- :�.��� t a k i n g,u n l e s a B o r m w e r a n d I�ender otherwIse agree in wrttia8 or unless applicable law othenvise provides.the proce�s sha11 _
<br /> '�"'� t• ` � Insuument ahether or nos the suma arethen due.
<br /> �";. ,¢-��; �. be aPPHed to the sums secure�by this SecuritY
<br /> :. � � If the PropertY is abandoned by Borrawcr,ar if,aRer aodc�by Lender to Borrower that the condemnor offera to maks aa �-
<br /> -�r�=�,l�•-�� � award or senle a claim for damsBe�.Barrower fails to respond to Lender witl�in 30 days aRer tite dau+the notice ia gtven, __
<br /> da
<br /> `� '•�'� � ; Lertder is suthorjzed to collect and apP1Y the Pmceeds.at ita option,either w resWrati�or rapair of the Pn►perty ar to the sums
<br /> ,�3 - ,,�t ��by this Sewdty Tnsuument,whether or aot then due. �
<br />. %�•; .,; { , Unless Leader and Borrower othecar3se ag�c� in wrItInB. enY aPPlication of prarReds to princlpal shall not eatead ur
<br /> *'*' poatpotte the due date of the monthlY Paymenxe Teferre�t°ia parag�pl�1 aad 2 or chtnge the amount of such payments. �
<br />�;�:'L�;� or madifica4Ion
<br /> �'=���,�:.�%=v • 11.Borrower Not Released,F�arbeArance By Lender Not a Waiver.E�ctension of tha time for Payment
<br /> :�=„. E�, of amortization of the sums secural by this Secunty Insuvment g�anted bS+Leader to any succeasor in iatenst af Bormwer sball
<br />�-.�� :: not oper�ate to retease the liability of the original Borrower or Borrower's euccessors in interest. Lender sba11 noi bo t+aluired to �_
<br /> -'?-`:'`,�?`!' commeace proc�dinge 88�t aay successor in intes�est or refuse w extesd dme for payment or otherovlse modiFy amortiza3ion
<br /> .';'���:��' of the sums sxund by this SecuritY tastcument by reasoa oY any demead mede by the orlginal Banrower or Borrower's
<br />_--_- "-��� �������f. �� ����.r�e�cercising any right or remedy shaU aot bA a waiver of or prcclude the
<br /> - *�a-i.�.�:�!'
<br /> ._:�r:;:, . exenlse of eny dght or rsmedy. ts oY tltis
<br /> �.-='-"�`�"3" 12. Suoeessors end As�18os Bounds Joint and Sevenl LiabWti'i Caslgme�e. The cavenatnts aad agcamen
<br /> --- -�"'; Securtty Insm�ment ahall bind and beaeflt the suaxssors and aaslgaa of Lender and Borrower. subJect to ttte provlslona of
<br /> --�"'�`y��A paragraph 17. Borrower's covenents and egnemeate ehall be jolnt aud seve:ai. Any Bonrower who co-signa this Sccudty
<br /> - ,-�-.__.���
<br /> - ,:r'-,;r_:.�" ' &Ad COIIV LbBt
<br /> .....=.:-- Insaument but does not eacecuu the Note:(a)ta co-signing this Security Instrument only to mortgage� grant Qi►
<br /> --°������ Borrower's iaterest W the PropertY under the terms of this Secudty Insm�cnt:@)b not personally obligetsd w pay the suma
<br /> �.==�r=!� securcd by this SerudtY Insaumsnt; and(c)agoees that Lender and suy other Hocsowa may agree to eatend�modif�r.forbear or
<br /> .°°�z�.'�`�:���� make aay accommodattons with regard to tha terma of this Securlty Iasuumsnt ortheNote adthaut that Bon�ower's oonseat.
<br /> - _---__�_� 13.Loan C1me'Ses.If the loan secua�ed by this Securiry Inatcument ia subjcd to a law whfch sets mautmum toan charges�
<br /> .�z._ --.--l� and that 1aw�a RnaUy interpreted so fl�at the interest or other loan charges collaetcd or w be aollaxed in conaection with the
<br /> --, loan exceed the permitte�i limits.then:(a)aaY such toan c�rge ahaU be reduced by the amouat necessarY w rcduca thc cLarge
<br /> -�-----_�=�� to the permitted llmit;and(b)anY sums already collected from Borrower which eaceeded petmitted Iimits wW be refitnsled to
<br /> "==`�==~�'�'�' Borrower. Lender maY choose W �ke tbLs refuad by teducing tlie PrindPal owal uader the Nou or by makiaB a direc�t
<br /> --- li--�� payment to Borrower. If a reli�imd reduces prlucipal, the reduction aiU be treatW as a pa:dal PnePayment without eny
<br /> PnP�t charge uader the Note.
<br /> --��� 14.Notlas.Aay notice to Borrower provlded for in tbis Seeudry instcument shall be givea by delivering it or by mailin8
<br /> �-��� it by STSt class mai►wiless applicsble law requires use of another meihod.The notioe ahall be directed to the Pc+eperty Address
<br /> -- - - or any other address Borrower desi�by nodce to I�ender. Auy nottca w I.eader shall be g[ven by ficst class mail co
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