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<br />' _ paymenss may no longer 6e required.at the aption ef Lender.if umrtgage insur3nce coverage(in the amount and for the prriod �_
<br /> ehat Lender requires)provided by an insurer approved hy Lender again beoomes avrulable end is obtained_ �orrovrer sHafl pay �
<br /> the premiums required to maintain inortgage uuurance in effe�.or to provide a loss reserve.untit the requir2ment for mortgage
<br /> ��/'` ins�rance eads in accordanse�vith any written agreement b�zrween Borrower and Lender or applirahle law. �_
<br /> 9.Inspect�oa. Leader or iis agem may make rc�sonable entries upon anc!irtspections of the Properly Lender shall give ;-
<br /> : Borrwver ancice as th�time of or priar to an inspection specifving reasonable causs for the inspecrian. .
<br /> 10. Cosd�na4ton. Tfre pmceeds of any a�vard or cia�m for damages. direct or cansequenaal. in coautectian with any
<br /> oondemnation or other taking of any part of the Property,or for conveyance in tieu of candemnation,are hereby assigned ar.d �
<br /> `�., shall be paid ao L.eader. �
<br /> _.:.,`"` In the event of a total ta�cing of the Property,the praceeds sh�ll be applied to the sums setum�by this Security Instrument,
<br /> wi�ether or aot thea due, wiih asy exc�ss paid to�orro�er. In the event of a parriaf taking of the Property in w6ich the fair
<br /> market value of the Fropercy imrnediately before the taking is equa!ta or grea�er than the amount of the sums secured by this
<br /> , Seqttity Instrument immaiiately befoYe the taking, unless Borrovrea and I.ender otherwise agree in writing, the sums secured by
<br /> Wis Serurity insuvment shall 6e reduced•by the amount of the praceeds multiplied by the folloaring fraction: (a) the total
<br /> mmount of tlne sums s� immediaiely hefnre the ta&ing,divided by(b)the fair market value of the Property immediately
<br />�.�`y. 6efore th�ta[�ng. Any balance shall 6e paid to Bornnwer. In the event of a parual taking of the Property in which the fair
<br /> market vaiue of the Property immediately 6efare the talsircg is less than the amaant of the sums securzd immediately before We
<br /> �� L�ing, unless Borrower and Len�er othernrise agree in c+�riting ar ualess applicabte lsiw othe�ra+ise provide9. the proceeds shall
<br /> �..�s}I tie applied to the swns secured by this S�urity lnsuum.`at ovhether or Qot the sums are then due. .�
<br /> '�' If the Property is a6andoned by 8arn�zr.or if,after notice by Lender to Barrower tflat the condemnor offeis to malce an
<br />;;'_�;t
<br /> y,�f � . aAvard or seStte a claim for damages, Boyrower fails tQ respond to Lender within 30 days after the date th�aotice is given, :_
<br />�'�`_°� ,II�..er is authoeized to co9lect and apply the proceeds,a<iss opiion.either to restoretion or repair of the Prap�s:�ur to the sums =_
<br /> .''�; s�ss,.�d by this S�ity I�mea�whciher or noi th��se. °_
<br /> .:�,��;;. -
<br />.;���� •.' Unlss f:�der and Boaawer otherw3se agree in writ�g, any spplication of proceeds to priacipal shali nnt extend or --
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<br /> postp4ae t��t7��ate of th,°.montlily payusr��-s refemd to in paragr�h�1 and 2 or change th��imt of such payments.
<br /> • � Yl.Bortower Not RetPased:For6�:ee I3Y Leu�er Ma2 m�'t�.'ver.Extension of the time.fi�r Qaymieat or madff�r,aq'�n
<br /> .�..:, .
<br /> r;fs�aortiration of the sums secured by this szcurity in�..n�,t grant�by Lend$r to any successc�r Yn Interest of&orrow�sinall a._
<br /> ' 'r;r4t oper^�te to release the liahility of the original Borruwer or Borrower's successo�s in interes�I.�der sh�ll at���'fev�aiTed to =
<br /> oommence pmceedings against any suocessor in intea�.��refuse to extend time for payment ar��eiwise mod3fy amortization
<br /> ;':� of the suins�seciued by this Security L�^rs�em �y:'easan of any demand made by the orig�r� Borrower or Banuwer's =
<br /> •1, successms in iaterest. My forf��rance L;�.lC;rader ir��sec+cising any� right or remedy shail not f�_a�vaiver of or precivd�;� �
<br /> i �4�rcise af any right or rem�dy. ' . ., �,
<br /> . >'` � 12.Sacecssors aad As(�Bannd3 �aint and.�everal LlabSlity, Co-signas. Th�wvenants and �m:.nts of�3� _
<br /> ' `�: Security Instiw�ent shall bind and benefit the sua�ssflrs aad assigns oF Lemier and Borrowe�, snbjert to the provisi�:wd' �
<br /> ����`' P�BTaF� 1T_ �orrower's �venants and m�eement�shall be joint and several. Any Sorraccr�,w�ho co-signs chis Sestui�9 ,
<br /> ,�'�;�?Y� tnstrament but does not execatte Qhe [Vot� i;a)is co-signing this Secoriry Iasnvment only to m:rscl�age,grant and comey fi�x� _
<br /> Borrower's intezest in the Propesty under�►e terms of this Security insmiment:(b)is not pers�::.IY obGgated to pay the sums -
<br /> `'.' secvred by this Seturity Irasuument;and(�)ag�es that Lender and eny other Borrower may agrez to eatend,modify.foi6ear or -
<br /> ' ` • malce acry aocammndations with regard to t�,e tem�s of this Security tnstiument or the Note withnut tt2at Borrower's eoasent.
<br /> ' 13:l.oan CGarges.If the toan seau��::by this Secarity Insbnment is subject to a!aw v�b��i�sets maaimum ioan c6argea,
<br /> , '�;_ and that law is finalIy interpreted sd itta�riu:interest or other loan charges oollected or to b�ac��e�ad in conne�tion with the
<br /> �:�F loan exoeed the permitted limits.them:(;P,r:�y such loan c6arge sha116e raduced by tft�amount.necessary to reBuce the charge __
<br /> .. • to the permitted limir,and(b)anY sums almady collected from Borrower which e�ed penniued limits�iil�6e refuncled W -_
<br /> Bolrowet. Lender may ehoose to make this refiutd by redueing ttte prineipal o�ea un8er the Note or ��making a dic�cx
<br /> . paym�nt to Btia'rower: ff a cefund re�luass principal. the redvctian will be treated srs a p�ti,�sS PreFaYmem withovt rtny .
<br /> ptipaymem�e undcr the Note. . , : :�' . ;,;..
<br /> . P4.Aloti�.Any notice w Barrower prnvided far in this Security Instrument shall 6e givi�a�.•:I�,�.�eliverin�r'it or by .:�°�'i^.�
<br /> : , it by�icst e7ass mail unless appficabi�law requir�e5 usr r�'•anoEher method. The notice shall 6e dir�^',,�,�ed to tf�.e i.�i,�erty AddtQSs
<br /> . or any other address Borrower desagrtates by notice��r9 i.ender. Any notice to Lender shal! i;:�iven Psy:�*class mail to
<br /> ' Lender's address stated herein or any ottte�...�ress Lender designates by notioe to Borrower. i.1�tz}?notice pmvided foT ia rl3is.
<br /> Security Insttument shall be deemed to huvice f.:ean given to Borrower or Lender when givcn as ptui�ftied in this pa:agap2t.
<br /> . . ' 15.Goceming Law; Severabilitg�.:'�iis �i�u�^ty Instrament shal! be govemed by fecbral law a�d the !aw of the R
<br /> " juvlsdiciion in�hich tha Pro�;erty is located.In the��e;ot tt�t any provision or clause of this Security Insuu�ent or the Note --
<br /> • ' conflicts with applie�ble l�tu�such conflict-shall not at��t other provisions of this 5oairity Instrument or th�lti�te wIuch can be
<br /> ;;,zfl¢��,: given effect without the conflicting provi?4on.To this end tbe provisians of tius Security Instrum�t aad th�Note are declared
<br />_-»:u.�r,� to be sevemhi�,
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<br />.;,�{,,�.; 16.T3ur.r�t�ir�r's Copy.Borrower shall be given one conformed copy af the Note and of this Seatrity Inswment.
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