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<br /> payEnents caay na longer be required.at the optioa of Exnder.if mortgage insurance oovera�e(ia the amount and for the peeiad -
<br /> , that I,Ender rcq+�ires)psovtded by an insur�cr nppmved by Lender again 6esnmes avsiilable and is obtain�.8orrowet's�all�PaY _
<br /> the ptemiums requimd to mairtt,zim m�r¢g�e insurnnce in effecc.or ta provide a 1�ss nsecve,unal the crquirement for mortgage
<br /> inswance ends in actordnnce�vith anY vrritten oSrc�meni I�etween Borro'a�er and Lender or applicable law. �-.
<br /> . g,Inspedfa�.L.ender or is Agent au3y rna�se reasonable entries upon and inspections of the Property i.ender shall geve �'
<br />- Bnrrower natioe as tue time of or prior to an inspectton specifying reasonable cause for the inspectian. —
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<br /> 10. Cundemnattan.l�e proa:eds of any award or ctaim for damages. direct or consequemial. in coiu►ecti�n with eny
<br /> oondemnation or other taking of any pan af the ProgeRy,or for rnnveyaace in tieu of rnndemnaYion. are hereby assigned and -
<br /> ` st�all be paid�o I.er�dee. _
<br /> � �� In the event of s total takiao of the Property.the Rroc�s�hal�be appGed to the sums securesi by this Security Instmm�nt, _
<br />� �vhethet or not then due,with tu►y etoess paid to Borrower.In the eveait af a ps►stiaf taking uf the Pto�rty 'sn which the fair --
<br /> market vafue af the Property immediasely i�efore the t�Idng is equal to or greater than the amouat of the sums secured by tHis =
<br /> � Security Instnunent immediately before the tak'snd,unless Bomo�ver and Lender otherwise agree in�vriting.the sums secured bY =
<br /> �,is Security rn�+,,,mPr,t sl�a11 be reduced by the amount of the pruceeds mulriplied by the following fiaaron: (a)the tota!
<br /> � amaunt of the sums secured immediatelK before the takiag,dividea by(b)the fair martcet value of the Property immedinta3y
<br /> before the taking. My balance shali be paid to Sorrower. In tl:e event of a partial taking of the Property in vlhicb the fair --
<br /> market vaIue of the Property immediately before the talcing is less than the�unount of the sums secured immodiutuly befo�'ttte
<br />:,�.,�.. taldng,unless Borrovrer ans!Lender otherwise agee in writiag ar unless appliczble law otherwise provides.tha praceeds shall i
<br /> • be applied to the sums secured by t6is Security Instcumeat whether or aot the sums are then due.
<br /> If the Property is abandoned 6y�orrawer,or if.after notice by I,e�er co Borrower that ths condemnor offers to make an -
<br /> award or settle a ctaim for darnages. Bnirower fails to respond to I.znder within 3a dtty;after the date the no�ce is given, _
<br /> ` Leader is authorize�l to callect and apply the pro�eds,at its option,either w nstoraxion or repair of the Property or to the sums -'
<br /> securect by this Securiry]nstcument.whether or not then due. :"
<br /> ' Lintess Lender and Bartower otherwir,e agee in wtiring, anY aPP��tion of ptnseeds to principa.] shall not extend or
<br /> ' postpone the dae date of tfie montWy payments referred to in paragrapbs 1 and 2 or change the amount of such paysnents.
<br /> �1>Bor►�ower No!Relcased;ForDear�nce By LQnder lOtat a Wafver.Ezt�nsion af the time for payment or modifisation
<br /> ` �� of a+��n�on of the sums secured by t[us Security Insomment grnnted by Lender to acry successos in interest of Bormwer shall
<br /> not operat�e to releasE c�ie liability of the originat Borrower or Borrower's successors in interest. Lender shall not be req�vred to
<br /> commence proceedings against any successor in iaterest or refuse to extend time for paym�nt or otherarLse modify amorti�ation
<br /> of the sums securul by this SQCUrity Instrament bY �ason of any demand ma�e by the original Borrower or Banower's _.
<br />" suocessors in interest. Any forbeazance by Lender in exercising any right or remedy shaU not be a�vaiver of or preclude the
<br /> �� Wcercis�of any dght or remedy.
<br /> 12. Suc�ssors rznd AsdSns Bonnd+doint antl SeQeral UabiUty;Ca-�gne�s. The covenants aIId agreements of this
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<br /> �� Security Insuument s�sil bind and bensfit the s4ar.essors aad assi�ns of Lender and Borrower, suby�ct to the provisio�s of
<br /> ' paragraph 17. Borrou��r's covenants an� agreem�-�ts sha11 �e joint and several. Any }3orrower who co-signs this Security . -
<br /> • Instivme�but does not execute the Note: (a) is co-signiug this Security Insuument only to mortgage,grant and convey Wat
<br /> . Borrov��ir's interest in xhe Property undeY the terms of this S�ra�ty Instrument+(b)is not peisomally obligated to pay d�s�s.
<br /> . $ecared by this Secur;,,�y Lishument;and(c)agrees ahat Lender and any othes Borrotiver may agree to extem�,modifY+g�uz
<br /> make any aceomm��aans with regard to the tercr�of this Security Instrume�'c��r the Note without that}�o;zower's cunseat.
<br /> .. 13.Loaa Cl�arg�s•If the loan sec�ued by tqis Securiry Iustrument is s�b]ect w a!aw wluci�set�maxtmum loan cltarges, .
<br /> � aad that law is finally interpreted ssa that the inten�st or othes tean c6arges col2ecced or to be collected in oonnecaais aritt►the
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<br /> loan exceed the permitted limits.t�en:(a)any sucb toan chazge shall be reduced by the affiount aecessary to reduce the cLarge ,
<br /> �.. to the pezmitted limit:aud(b)any svms already collected from Borrower which ea�oeedec3 pYrmitted limits will 6e nfunded to
<br /> Borrower. Lender may chaose to malce t6Is refund by reducing the principa3 owed under the Note or by making a direct
<br /> payinent to Boaower. If a refund reduces principal. the red�ction aill be treated as a partial r�`�yment withaut any
<br /> pre�aymcnt charge under the Note. �
<br /> . • L4��atices.Any nottce to Bornower provided for in thLs��urity Instmment shall h��iven by.deliveriag it or by mailisg
<br /> .. , , it by�frst class maii untess applicabte!aw requires use of ana:��r method.The notice stu??le direa�ed tp tlte Pmperty Address
<br /> ' or any other addres� �orroNer designates by no6ce w Lender. Any no8ce to Lender sliaU be giv�'y L�y first class mail W
<br /> Lender's address sta"_�'�herein or any other addnss Lender designates by no2�ce to Borrower. Any aa,�u:pruvided for in tfus � _ _
<br /> Securlty Insuument shail be deemed to have been given to Borrower or iRnder wheu givm as provlded in this patagaaph.
<br /> �S,Gpwerning 1,uw; Sever�s��iltty. 7bis Security Insvument.shall be govemed S�y federal !aw and the law of the
<br /> : . jurisdiction in v�hich�he Property is loa'�te�. In the event that aay provision or clause of�is Security Instrumsnt or the Note
<br /> • . conflicrs with applieable law,such conflict shal�not affect other provisions of tbis Security Instcumrait or the Note wiuch can b$
<br />. � give,n effect without the conflioting provlsion.Ta this end the provisians of this Security Instniment�d the Nate are declared
<br /> � � � to be severable.
<br /> � � 16.DorroRer's Copy.Eorrower shall be given one oonfcmied copy of the Note an�x�5 this Security Instrum.,�m:. .
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