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<br /> I payments may na lonacr be rcnuired,nt iho a��Uo�� af I.�ndcr, if moetBagc:insueance covcpaBe(in�ie�nount nnd for thc periad
<br /> that L.cndcr rcq�lres)providcd by nn insurer Approvecf by l.cndcr�±g�in becomcs nvallnblo nnd is obtnined.Rorrowcr shaU��ay tho
<br />, prcmlun�s requircd w malntNn mortgagc insumnce in sffect, or w provide a loss rescrve,undl thc rcquirement for mortga�c
<br /> insurance cnds in c�ccordanso with a�iy writtcn ngrcement between Borrowcr end Lender or npplicnble law.
<br /> 9.Inspectlon. Lcnder or its egent mny mak�rcasanablo onvics upon and inspecdons of the Property. Lendcr shtill givc
<br /> 8orrowcr nodce at thc timc of ar prior to sn inspoction specifying roasonablo cuusc for the inspection.
<br /> �, 10.Caad:..a�aQ:an. 'I�c procccds of W�y awacd or clalrn foP daes��ages. cflrcct or consequential, in connecdon with any , .
<br /> . condemnadon or othcr taS�ing oF ruiy part of tho Property,or for conveyancc in lieu of condemnadon,arc hereby assigned and .
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<br /> . shull be paid to Lender.
<br /> ,;�:�_«�=� ' In the event of a total roking of Uie Froperty,the procecds shaU be applie�w the sums secured by this Securiry Instrument,
<br /> -7,-::- �� � whether or nat then due,with any excess paid to B�rrowsr.In tho cvcnt of a partlal taking of the Proper�y in which the fair mnrket �
<br /> , vnlue of dio P,rc►perty immediately befmre the Wking is equal to or grcatar ihan the amnunt of the siuns sacured by this Security .
<br /> : i Instrument immcdiatcly baforc tho teking, unlcss Yiarrowcr and Lcndcr olhcrwise ngrcc in writing, the sums secured by this
<br /> �. Security Inswmont ehnll lxi reduced by the amount of tho procceds multiplled by the foUowing fraction:(a)the total amount of �..,�:�.;:�.:._�..
<br /> � ihe sums securcd immedietely bcfare the taking, dlvided by (b) the fair mnrket vnlue of the Pcoperty Lnmediately before the '�`�r'��•��s:�.r-_
<br /> tnking.Any balance shall bo paid to Dorrower.In the event of a purflal taking of the Property in whIch the fair market value of the • ��'����'::
<br /> Property immediately befora tho teking is Icss than the ama�mt of the sums sec�ued immediately beforc the taking, unless : ��`;x,..�::��,
<br /> �' Rorrower and Lender otherwise agree L*►writing or unles,g applicable!aw otherwise provides,tho proceeds shall be applied tu the y� .�c,�'�°`' '
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<br /> ' � sums securad by this Securlty Instrument whether or not the sum9 are then due. • �,�M__
<br /> ' '` If the Propeny is abandoned by Borrower,or if,after notice by Lenda to Bormwer that the cnndemn�r offers to make an •���;�s..�
<br /> • � award or settle a claim for damages.Borrawer falls to re,�pond w Lender wi�hin 30 days aftcr the date the notice is given.Leadcr F ;,
<br /> '� is uurhorl�ed ro collect and npply the pmceeds.at its option,either to restoratian or rcpair of the Property or to the sums secum.�l :�.'i;�:,=
<br /> ` by this Security Instn�ment,whelher or not thcn due. ,��,:
<br /> Un9�ss Lcnder and Borrower othetwise a m writin ,an '-_
<br /> . gree' g y epplication of proceeds to principal shell not extend or postpane ,,_
<br /> , tho due date of the monthly pAyments refcrred to in paraRraphs 1 and 2 or change the amount of such payments. _�-�"'`'`=�
<br /> , 1 1.Borcower N�t I te k a s e d;For b e aranee By L en der Not a Wa lver. fi xtension o f t he time Cor payment ar m o d i f icapon �_�'-�-
<br /> • y'� of amo�on of the sums secured by thLs S�xurity Instiument�ranted by Lender to any succrssor in interest of Bomnwer shall F3_
<br /> not operate w release the liabiliry of the originel Bonower or Bonower's saccessors in interes�Lender shall not be required to °
<br />=-�' ' commer�ce proceedings against any successor in interest or refuse to eatend drrte for payment or otherwlse modify amorti�ation of
<br />� � , �� the sums secure4 by this Security Instrument by reason of eny demaad made by the or�ginal Bocrower or Bomnwer's successors -
<br /> . ---;,w• • in interest Any forbeatgnce by Lender m exercic�ng any right or remcQy s�aii not be a weiver oi or preciune me exercise oi any
<br />-,;. . right or xemcdy.
<br /> �'� � 1a.S+nocessors aad Assigns Bound;Joint pnd Several L�bUity;Co-s ere. 'Ihe covenants and
<br /> Iga agreemerits of this
<br /> T�,��,r•��l` • Secur3tlr Rnst�ument shaU bind and benefit the successors nnd assigns of Lender and Borrower. subject to the provis+uns of
<br /> '"'"'�`� h 17. Botrowec's covcnants and egroemr�ts shall be int and severaL M Borrower who co-si this Securi
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<br /> - _-- ==ti,� � Ins�ument but does not execute tho Motc: (a) is co•signing this Socurtty inst�umeat only w mortgage.grant and convey fhaz -
<br />-?;'�'";��,:..�` Bo�we�r's interest in tha Pco under tha te�ms of this Socurl Instrument;(b)is not nall obH w -
<br /> _��.. . P�Y �Y P� Y 8� l�Y thc stun3
<br />-==�°���c�."' socuas�by this Security Inswment,aud(c)agroes that L.ender and any other Bocrower may agree to eatec►d,modify,forbear or
<br /> ''°`�'.-':�• malce en accommodadons with re
<br /> _ - _ y �aM to the t�ms of this Securiry Insuument or U�e Note without tt�at Borrowu's consent
<br /> �-_��,�-�.r i 13.Loan Ciutrdes. If the loan wxured by this Securlty Instrument u subjact to a law whkh sets maximum loan charges.
<br /> smd thaf law is finally inie�preted so that the interest or other loan ct�argas wtlected or tv be collected in connecdon with the loan
<br /> --�Y���=-� excecd the pamiued limits,then:(a)eny such loan charge shall be reduced by the amount ne,�cessnry u�roduce the charga to the —
<br /> -�����`�-' pcm»ttcd Wni�and(b)any sums aimady collcctcd from Borcower which exceeded pe�miucd Wnits wIll be refundcd to mar,tower.
<br /> °--��`�� Lender.ntay choosc w malce this refund by reducing the principal awcd under the Note ur by malcit�g n dIrect ps►�.rn�nt to
<br /> -_---°=== Barowex. If a refund red�ces piincipal�th�reduc�on wiU be tneated es a pzutial prcpayment without enY P�PaYment charge _
<br /> - _==- under the Note.
<br /> "''�'^'�?�'� 14.Notkes. Any notice to Baxrower provldod for in this Socurity I�... .v�ent shall be given by delivering it or by mailing it -
<br /> `:���:;r� by fir�t class mail unkss applicablo law req�ires use of another medhod. 'It�e nodce shall be directed to the Property A�ldress or -
<br /> .�, any ot3aer address Sarowcr designates by noticc w Lei►da.Any notice Lo I,endex shall be given 6y fust class mail to Lender's
<br /> -� ----� address swced ha�ein or uny other address Lenda desiEnates by notioo to Sorrowcr. My notice provided for in this Security -`-
<br /> __ - -_' Insuument shall be docmed to have been given to Barower or Lende.c when gi�en es ptovided in lhis pategraph. -
<br /> �°=��'�``'�'`L"li``p° 15.Governtng Law;Severability. This Security Instrument shall be govemed by federal law and d►e law of thc --
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<br /> -.-.-��=_:�� jurisdicrion in which the Roperty is locatcd. In the event that any provi�siom or clause of this Security lnstrumcnt ar die Note _�—
<br /> ="'�'�'��' conflicts with applicable law.sucl�conflict shall not effect other provisions of this Security Insuument or the Note which c�n be F=
<br /> -��`��� given effect witt�out the conilicdng provision.To thls end the provisions af this Socurity Instrument end the Note a�declared w �"-- -
<br /> �.�:..�..,�„ - - --
<br /> r�;-- bo�everable.
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