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<br /> ���, = ' ;�ay;nPnc;may no longcr be requireci,at th�cDrion o1"?.ender,if mcx��gage ir�srrar►ce rnverage�(i.�the amount and for 8;e pe:r.ri
<br /> � .�='� tF�at I.�.�d�r requi:es}�:ovided by an�ns�uer a�:ove<.�.by Ler,der a.ga:n becomes availab�an�is obtair►ed.Borroa�er shall pay ti�e
<br /> �:�-�r�.�r �� p:cmiur�s requirer3 ic� maintain mortgage insur2nce in effect, or to provide a ioss :EServe, u.��l the raquirement for mortgage
<br /> '�•. irsuranc�end:;in acr.cr;azice crith az,y writien agrc�ement betwean?3arrcu�er ated T..�+.der or applicab{e law.
<br /> �.Inspe*_tion. Lend�r or its agent may r�;c� re�onabte e�7ies ugon a►,� ins;+ectioa5 r�f the Property. I.ender shall give
<br /> � � BorroNer notics at tt:e t�me o:ee prior to an inspec[ien specif}�ing reasonabk cau.v;fo:the ir,spertian.
<br /> " 1�?.Condemnatiou. 'Ilie procecds of any award or c;aun for damages, direct or consequential, in conna:tion with any
<br /> ' � condemnation cr oher ta}d,ig oi an; part of Lhe Property,ot for conve}�ance i� liau of cos►demnapon,are hereby �ssigned and
<br /> shail be pai�to Lender. �
<br /> 1n tt�e event of a toal taking of tt�e Preperty,the procee3s shall be apF2ied to the sums secured by this Saurity Instrument,
<br /> a�h�ther or rsrx then due,wiG`�ar.y ezcess gaid to Borrower.In she event of a paaor�tial taicing of the Prap�ty�which the fair market
<br /> �•aiue of the Propemj immediateSy before the taking is equal to or greater than the amount of the s�uns sec+.ired hy this Security
<br /> Instrur�ent immcdiaiely be�ere the taking, ,mless BocTOwer and I.ender otherwisc. agree in writin,;, ihe sums se�ured by this
<br /> S�u-ity Ins�ument shal?be redurcd by the amaunt of the procoeds mul:i Lefl b the followin fraction: a the total amount of
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<br /> "�"��'"" c�e suris s�cured immed,iately before the taking, divided by @) the fair market valae of the Proprsty imn-�ediately before the
<br /> �" � talcing.An�ba9ance sral'.b°paid to Borrowes.In the event of a pa�ai*aking of the Property in which the fair maricet vali�e of the
<br /> P:o�er!y immediateiy bafore t�he taking is Iess tihan the amount �f the sums secured immediately befure the taking. unless
<br /> � , BorrcwQr and I.�.ndes ctherwise agree in wr,"tinng or vnless applica�?e law oL'�erwise grovides.ihe proceeds shall l�a�li�w the
<br /> snms s.°�urec bv t};is Security Instrw�ent whether or not thn sums ase then dae.
<br /> ;f��c Property is sbandoned by Borrower, cr if,after no[ice by I.cnder to Borrower that thc conuemnor of�ers to make an
<br /> award or settie�clair.� for damages,Borrower fails to ra-�ond w Ler.der wi8�in 30�iays after th�dats the notice is given,L.ender
<br /> '� - is aut.�orizui ta coll�t and appiy ehe proc�ds,at its op�oa,either to:e��tora�on or repair of the Property or tn the sums securul
<br /> by this Security Instrument,wheLhr:r or not ihen due.
<br /> Unl;ss Lender�d Borrower o=her.�ise ag:ec in w-riti,.g,aay applic.�on of groceeds to�rin�ipal shall not eztend ar postpone
<br /> !he due date ef the monthly paym�nts referzEd to in garagraphs i a*rd 2 or change Zhe amoun:of such payments.
<br /> li.Borraµ•er tVUt Releas�d;,orbearance Sy Lender N�t s�aiver. Extension of t1�.e time for payment or modification
<br /> of amortization of the sums secured by ihis Security Instrucnent gra.r►ced by Lender to any saccessor in interest of Eorrower sha11
<br /> � not eperat^ to release the liabilir� of;he eri�inal Sorrower ot Bcrrc,wrr's successors in interest Lender shall not be requ'uPd ta
<br /> commenc�pra:eecJings against any succF�SO:in intErest er refuse�o ez;end tirr.e fcr payrnenc o�othernise modify zunorti�aiion of
<br /> ,.�., � the sums secured by ;iii� Security fnstr�ment by reason �f any der,�.sr:d rti:de by sne o*igi,za]Botrower or Bormw��r's successors
<br /> '�"�`,`�,P;�= in ;nterest. AT�}� forbear;.nce by Lende� in ex:.rcvin.ar any right or r�ma3y shall not be a waiver of or greclude the rz;a�cise of any
<br /> �,� ` right or remedy.
<br /> �s��� . 12.5�ccessors�nd Assi�nc Ao��nd;3oint and Savera!Liah�lity; �Co-sigr.ers. The covena�ts and agre�men�s of this
<br /> �`�� `�j Scxurity Instrument sh21t bir�d �,z3 be;nefii fhe svccessors a:�d assigrs of Lenrler �.nd Borrower, subject to the provisions of
<br /> "n�� par�ap,i I J. $!;:TpWCr�S co��en,�ns a�d agreements shalI t�e joint ar.d se•eral. Any Borsower ;�ho ca-sigiis this Secuz�ry
<br /> �� - in:strumer,t bLt doe,s r.o: e�:�.ute th� Note: (a) is co-signing this Securiry Instrumeat oniy to mortgag�, gTant s�nd convey that
<br /> �' Sarr,�wc.*'s ir,t�rest in the Progerty under �he term� of this Security Inswm�nt; @) is not personally obii,rated to pay the s�ms
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<br /> �~ secure�9 by this Security In;wment:and (c) agm�,;that T�nder and any cehe;Eorrower may ag:ee to eztend,rnodify,forbear or
<br /> make any acconmodaticrs wi.h regar�:o�he f�,rms o`t�cis Sxiuity Ins�.ir.�erit or the h'ote without that Borrawe�r's consen�
<br /> 13.Loan Char�es. If the loan s�curzd by LSis .iec;uity Ins7urnent is subje�t to a]aw which sets mazir:�um loan charges,
<br /> -. f`°� �nd that law is finaa.ly int°rpreted so th2i Lhe in�erest e=oth:r Ioan chsrges;o:lect;�cr to be collecte3 in coanection wiLh ihe loan
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<br /> �,���; �� e�ceed the�-,�r.�itted limits,1'�en: tz; �ny such Ioa�charge sh�Il be reduc�by the amount necessary to redu�e the char�e tq:he
<br /> ������',��� �� rermitted lir;iit;and(b)any siams a!rr;ady cailecte�from B�rrov,�er which ezceeded peimitr.ed iimiis wi:f be reYunded to Borr�v;er.
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<br /> ,�T�� . L,ender ma} choose to mak.e this refund by reducing the prir:;.ipa] owed under the Note ar b} making a direct payment to
<br /> �`E; Borrowe:. If � r�;uad re�!uc:es p,•incipzi, the redur.COn�r.il be �� as a partial prepayment withaut any p;egayment ci►arge
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<br /> � 1a.No4ices. Any nei9ce to Bo:TOwe:gro�idc;� for in this Security Ins�:ment shali l�e given by delivering it or b}� mailing it
<br /> �� ,� by firs,clats mzil uniess applicable law requie;��se of an�Lier method.'Ihe notice shail tx:direc!ed to the Property Address or
<br /> ��.,,'� any othc�ad:iress }3orrewc:desibnates by noti�c to Lender. Any noticc to L.ender shall be given by first cla�s mail to Lender's
<br /> �` :fi'�" address stated herein or any other aduress Len�er designates by notice ;0 5orrower. Any noace provided for in this Sec�uity
<br /> ����� Inss2ment shali be d;.cnled ta have been give:�[o B�rrcwer or Lend�when given as provided in thfs paragraph_
<br /> ; �,� � 15.Governing I.a�H;Sev:rabilitl. This Ser_r.erity instnuncnt shxll be govemeci by federal aw and the law of ¢he
<br /> N'��'°` �` jurisdictien in wnich ehe :�ropem,� is located. In the event that any provision or cla�of this Security Instrument or the r`ote
<br /> conflicts with anplicable iaw,;ach canflict shali not affect other provi�io:�s of�l+is Securi,y Instrumeni or the No:e which can be
<br /> ,-. _ i giver, effe<;t withcut the coaftic:ng n;ovisior,.T�Lhis end the provisions of ti.is Security I:tstrument and�he Note are declared to
<br /> be srverable.
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