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<br /> nt tho optian a� Lend�r, iP mnrtgn�o inaurnnca covero�o (in tho amount nnd tor the period thet Lender requires)
<br /> providcd by an innu�er appPOV�d by l.ender a�uin b�co�nes availnblo nnd is oUtained.Horro��rer ehnll pay thc�promiumn
<br /> �� required to rnainU�in mortqaQa ineurence in affec:t,or to provido u loss re�orvo. until the requirernent for mortEsga
<br /> . " inyu,�sn�e e;tde ia accardnnrA�vir.fi ony aritten agreement botweon B�rrower and Le�nder or aePEicnbte law. �
<br /> . � 9.InA�ctiAn.I.,and�r or ir,�Agent may mako reasonablo entrtes upon nnd inspcctions oi the Property.Lander ehall _
<br /> �. give Borrawer nGtica st thct time�f or prior to an inspection aper,Ifyin�reasonnble cn�e 4or the inepection. _
<br />' �"i� 10.Condom,nnti�an.'fha pt+or.eede of eny award or claim for damage.9,direct or consequentiel,in corznection with
<br /> � nny condemnatiQn or other t��k{n(��*f eny part ot the Property,or for conveyancr,in lieu oi condemnatian,nrc�hereUy L
<br /> ;� asslgned and ehsll be paid to Lvndar. _
<br /> In the evant of a total tnkin�of th� Property, the proceeda eh�ll bo appliad to the sums secured by thie Security �
<br /> Inetrum�nt,ahathar or nat tban duc�,with any excess paid to Bonanrer.In the event of u p�3rtiel taking of the Property in ;
<br /> '°'� which tha fnir merkot vnlue of tbn N'r+oparty immediatoly befare the taking is equal ta or greAtar than the amount oi the ;•
<br /> >� sums secured by tl�in Seour�r,y i»t�u�urnent immcdiately before the taking,unless Borrowe:and Lender othernise agree �
<br /> '�•�`;�� in writina,tha sumc�sccured by thfA Security Instrument shall be reduced by the amount oi the prc�ceeds multiplied by _
<br /> �'�°:,��,- the follosvina fractian:Gs)t1�R tatnl amount of the sums secured in�medietely bePora thc taking,divided by (b) the fair �
<br />-=�`` mar�Cet valvo af th�Frogerty irnmsdiataly befare the taking.Any balance shall be psici to Borrower. In the event oi a
<br /> ��"� partial wl�nQ of tha Prce�Brty in cvhich tha fair markot valu�of the Property immedintely bafore tha taking is less thnn
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<br />-=��!'� tha amount oi tha Ruma�ecu�d iinmedintelY befare the taking,unles.v Bonower and I,ander otherwisa egree in Nrittng
<br /> ��v� or unless applir,ablo law atbesrwise provides, tha praceeds sholl he npplied to the sums secured by this Security
<br /> -„��� Inetrument whathar ar not.ta�n oums are then due.
<br /> ���9 IL'tlxr:PmpBrty ia abnndnnnd by Borrower,or if,after natice by Londer ta Hona�er that tha condemnor offers to
<br /> -�`�;�3 make atx��v�rd ar sattle�a clnim for damages, Bosrower faits to r�pand to L.�ndor �rit�h'in 34 daye after tho dete the _
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<br /> __�� notice is�;even,x-.endar ia authorized to collect and apply the procceds,at its option,either to restor.►tian or repair of the
<br />;;���� I=ro�rty ur to tha stims srcured by thie Sacurity Instrument,whether or not then due.
<br /> _-- - Unless I.e+ndf�r and�rrower otherwise agree in�vriting,any applicntian of praceeda to principnl ahall not extend or
<br /> postpcnne tlaa du� dnt�i ot the monthly payments referred ta in paragraphe 1 and 2 or change tho amount of euch
<br />==�=� paymons,�,
<br /> - 11. Dmrrower Not Released; Forbe�ran:e By Lendltir Ndt n W�sivex. Bxtensian of tha time for paym�nt or
<br /> - rnadificatian of umartizntion of the eums eecured by this Sacurity Instrument grented by Lender to nny successor in
<br /> -_---_; interest of Borrawer shell not operate to release the liabitity of the ori�inal Borrower or Borrawer's euccessore in
<br /> -.��� interest.I.endet ohell not be required to commence proceedinge againsi any successor in intere�t or refuse tc�extend
<br /> � time tor payment or otherwise modify�amortization of the eums secured by thia Security Inatrument by reaso�of any
<br /> -uf?r� demand mada by the artginel Borrower or Borrower's siiccessore in interest. Any forbearance by I.ender in eseroieing
<br /> :s''S� any right or remedy shell not ba a wniver of or preciude ti►e exerciso oi any rig��i or ioi.iouy.
<br /> -� °—' 1Z.Successora and Aean�ae Hound;JmBat and Soveral Liability;Co-sitnore.The covanaats and agreemente
<br /> =-- of thie Security Instrument ehall bind and Uemeri4 thc successore and ossigne of I.endor and Borrower,subject to tho
<br /> � provi�ions oi paragraph 17.Borrower's covenants and c�greemeuts ehell be joint and several.My Borrower who co-eigns
<br /> :::�:;�f� thie 9eci��ity Instrument but doce not execute 4he Note: (n) is w-eigning tlue Security Instrume�nt only ta mortgage,
<br /> "�""�� grant and convey that Bonowcr'e interest in the PmpectY under tha terme of ttis Secudty Instrument; (b) ia not
<br /> pereonelly obligated to pay tho sume secured by t}US Securlty Inntrument;and (c) agree�that Lander and eny other
<br /> � Borrower may agroe to oxtend,modify,forbear or make eny accommodations with regerd to�the terms o!thie Security
<br /> Instrument or the Note without that Borrower's consent.
<br /> 13. Loaa Cf��r��s. If the loan secured by thie Security Inetrument is eubject to a law which sets inagimum loan
<br /> chnrges, a:►d that law ie finelly inLerpr�ted eo thnt the interest or other toan cherges colleatal or to be wltoctad tn
<br /> connection with tho loan oxceod the permitfed limita. then: (s) any such loan chargo ehnll be reduced by tha Amount
<br /> - noc�ssary to reduce the chnrge to the permitted limit; and (b) any sums al�eady collectcd from Borrower which
<br /> axceedod permitted limite will be rotundad w Bormwer. Lendor may choose to mako thie rr4und by reducing the
<br /> - princi�sal awed undar tho Nate or by meking a d3roet paymeat to iionower,tz n roiuna reauces princiF.si,cae reduci;ian
<br /> -_ witl tw trontcd as n partiel Prepaym�nt without eny pre�sayment chnrgo under the I�Toto.
<br /> ---- 1$,lmToticea.Any notice to Bon�ower provided for in this Security Instrument ehall bo given Uy dolivering i2 or by
<br /> mailing it by firet cless mail unless npplicablo lnw requires use of anoth�r mothod.The notico shall bo direated to the
<br /> Property Address or eay other address Borrower designates by notice to L.cndar.My notice to I.eYader�hell ba given by
<br /> - first cless meil to L,ender's address stated hcroin or any other addrese Lender designates by lotica to Bosrower.Any
<br /> - notace provided tor in thie Security lnsttument ehell Ua deemed to have boen given to Borrower or Lendor when given
<br /> __— sa provided in thie paragcaph.
<br /> I5. Governnxa�Law;Seves�bility.Thie Security Insuument shall bo governcd by fcderel law nad the law of the
<br /> jurisdir,tion in which the F'ruperty is locatal.In ihe avent thax eny provieioa or clause of thio Sectn.i2y Ins4tument or the
<br /> - -�—�-- Not�contlicts with applicable Inw,auch conflict shall not a��ect other provieione oi thia Security Ia�str�ment or the Note
<br /> whlch can be given effxt without tho conilicting provisioa.To thie end the provieione of this S:c�rity Instrument nn0
<br /> _ tho Note are declared to ba soverable.
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