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<br /> at the option of l.ender, if mortgaga Irtsurnnco covcregd (in tha nmouryt and fur tho period that Y,ender requirce) �
<br /> nro��ided by an innurer npprovc�d by l.��r3e�again becomes availablo and ie obteinrd.i�orrotiver ehall Qay tha xsrominmF _
<br /> required Lo meintt�in mortgagn ine�renco in eftect,or to provido a loss reserve, untll the rcyuirement ior martgage <<
<br /> insuranco enda in accordanco wi�h eny written egceamen4 Uatwa�n Roreaaer ana l.endor or appiicabfo lew. ��'
<br /> 9.Ineptction.l..end�r or ita egent mny make reascmablo ontrl�upon and inspa;tione qf the Property,Lender sh�i =-
<br /> givo Borrower notice et the time oi car prior to an inepection specify3ng rea�onablo cnusa Por the inspcction. �
<br /> 1Q. Coado�nn�tion.'�'ha proceods of e�y eward or clnim for demegcs,dtrxt or consequentiel,in canneu;tion with
<br /> any condomnatlon or othcr teking of nny part of the Property,or far convoyence in lieu of condomnetton, ere hereby
<br /> e�igrted and shnll i�a pnid ta I.endar. _
<br /> In th�evont oi a total taking of the Property,tho prceceda ehall ba epplied to the eume socured by thie Security -
<br /> Inntrumcne,whoth�r ar not then due,with any excess peid to Bonower.In tha evont oi a parti�l taking of tha Property in =
<br /> which tho fair merkot voluo oi the Property immr,�3iatoly bofore the taking is equal to or greater then the amou�t ot the __
<br /> su��is securod by thIa�ecurity lnetrvmopt tmmediatoly bofaro thp taking, unless Barrowar and Lcindcr otherwi�agrco �
<br /> in writing,the sumo sccurod by this Security Inotrument shall Ue reduced by the emount of 4he proceeda multiplicd by
<br /> th��following traction: (d) Eha tot,�►1 amount of thd suma se�ured immedintely 6efore tho tekin�;,divided by (b)tha leir
<br /> mnrket value of tho Property immediataly before tho taking.Any balance eh�ll 6e paid to Bonower. In 9he event of n
<br /> purtial taking of tho Pc�operty in which�ho fair murkot valuo of tha Property immediutoly bofore tho taktng ie tess thnn
<br /> tha amount�f tha eume sxuced imrnadi�►tr.ly before 4he takina,unless Borrower and Londer othorwiso agrea in writing
<br /> os unless agpliaebla law oEhorwiao provides, tha procads ehnl! be eppltad to the euma securcd by thie Security
<br />' Is�trurnentwhotharar not thasumo are th�rn due. -
<br /> If the Property is nbandoneci by Aorrowar,or if,siter notice by Lender tm Aorrower that tha candtmnor offera to
<br /> a�ske an nnrerd ar settle a claim,tar dameges, Borrav�et tails to respond to E.ender within 30 dnya nftar tha date the
<br /> nntice ia givvn,Lcnder is authorized W collect and spply tho proceeds, at its option,either to restorution or repair of tha
<br /> P�operty or to the sume secvred by thte Security Inetrument,whether or not then duo.
<br /> Unless I.endar nnd Horrower otherwise agree in Nritin�,any epplicatian of proceeds to principal shatt not exteiic�or
<br /> �Snstpone the duo dnte of tho monthly paymente ce4ened to in pxragrapha 1 and 2 or change tho nmount of euch _
<br /> payments. _
<br /> 1�. Ilmsrawer Nnt Iteleised; Forbouance By I.�nder ATot a W�►ivor. Extc++nsion af tha time for payment or
<br /> modification of amurtization oP tha eume sccured by this Security Inet�ument grantcd by I.endor W any suceessor in
<br /> intcrest of Iiorrower shall not operata to rclnese tho liability oi the originel Borrower or Aorrower'g successors in
<br /> interest.Lender ehall not be required to comma.aca praceaiing,s ngainst any euccessor in intare,st or rei�ee to extend
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<br /> , nmo for paymcni or oinarwiaa mcxiiiy amuruuniiun ui iuo riumc�na:urai o�E�ua acvLri►yi s�'uum��t�y�,�,�a a„r .-
<br /> demand mndo by tho orIginel$orrawer or l�orrowor'�euccessors in intorest,Anp fnrbaeranca by I.ander in axercdsing
<br /> any right or remesly shall not bo a waiver ot or precluda the exoraiee of any right ar reraedy.
<br /> • l2.Succesaars and�9ssi�ns Dovnd;Joint�nd Sover�l fl,�ab�lity; Ca-sl�uere.The covenents and agcementa
<br /> of thia Security Instrumont ahall bind and benefit the succassors and o�igns�f Lendcr and BottoNer,eubject to tho
<br /> '� pmvfsione ofparngrnph 17.Borrowor's covenanta�nd agreemonte ehall Ua jc�iat�nd several.Any Borrnwar who co-eigns —
<br /> th�e Soeurity It�trumont but doea not ezecuto the Nots: (a) ie co-sIgnins tlai��ecurity Instrument only to mortgage,
<br /> grru►t and convey that Borrower's intorost in �ha Proporty under tho krme of this Security Instrumont; (b) is not
<br /> pareonelly obligatud to psy tha sume secured by this Sccurity Inetrument;enel (c) egrees thnt I.ender and any other
<br /> Aonower msy agreo ta eatond,modiiq,forbcar or rnaka any eccommadatione with regard to the terme o!this Sxurity
<br /> � Ia�trumcnt or tho Noto witD�nut th�t Bonower's cott:s�nt.
<br /> 1'3. Loaa Ch�rrea.ii tiio lonn eocurc�Uy thio S�urity Instrumentis subject w e law whlCh scte maximum loui
<br /> , chargea.and that lew ie fin�lly intcsrpreted so that tl►a interest or other luan cherges wltected or ta bo colixted in
<br /> cnnnoction with the loan cYCad tho permitted limits,then: (e� any such lwn cbnrge sluill be rodu,rod by tt�o urnaunt
<br /> nec�eary to �•odu�o tho charge to tt,o pernnixted lim�t; and (bj eny eurne alre�dy oafleated [ram Horcower which
<br />� � ezceoded permitted limits will be setundai to Bortower. Lendor may chooEO W meke tkue refund by roducing tho -
<br /> � priacipel owed under tho 1�Iote or by mekf ng a direct paymont to Bornowe-r.It a refund reduae princip�l,the roduction
<br /> wtll be treated ae a pertinl prepeymFint without any prepayment charge under t�ne Ndte.
<br /> , l4.Noticos.Any notico to Borrower provided for in thin Security Instrument shall be given by dClivering it or by
<br /> msiling it by first clase mnil unless applicabla law roquir�s use of nnother mothod.Tho notice shall bo dIrected to the
<br /> Praperty Address or sny other nddrese Borrower designates by natice to Lendcr.Any notice to Lender shell be given by
<br /> fIrtttt alese m��l to Lender's addresa etatod heroin or nny other Rdd�ss Lender desiqaetes by notico to?Bocrower. Any
<br /> nottx providod for�n this Sxurity Inatrument ahnq 6e deemed to have boen given to Borrowcr or L,or�c�er when given
<br /> as providod in thie paragraph.
<br /> 15.Gaverning L�w; Snver�bility.Thia Security InetrumentstxaU be govarnod by fedaral law and the law of the
<br /> jurisdiction in which the Pcoperty ie locat�d.In the ovent thst eny provision or cinuse of this Security Ir�strument or the
<br /> I�1�ota confiicts with epplicablo law,such conilici ehall not effect other provisione of this Socurity Instrument or tho Noto
<br /> which can be given offect without the conflictin�;provision.To thie end the pswvisions oi this Security Inatcument and
<br /> � tho Noto are dxlarod to bcr soverable. —
<br /> • �^BRR�tlmuio� ►.�.� e�s fwro 90 /10 -
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