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<br /> payments Rtuy ao lonber 6e required.at the option a�Lecder.if mortgage insurance caverage(in the amount aud for the period
<br /> th�t LeatdcF reG�tires)provided by an en..n�rr appraved by 9_ettder again becomes available and is obtaiued.Borro�v�r shslt pay
<br /> the premiums reqnired to maintain martguge insurance in effect,or to pmvide a lass rzserve,until tSie�quimment for mo�tgage
<br /> insurance eads in aa:ordance�vith any�+rittcn agreement betwcen Borro�rer and ixnder or applicable law.
<br /> 9.Ynspection.Lender or its ageat may make ceasonab:e entries upon and inspa.�tions of the Property. l.ender s9�a11 gi�e
<br /> Enrrotiver notice at the time of or prior to an inspz�tion spc�ifying rea�onable cause for the inspection.
<br /> 1Q.�indesnnation The procceds of any award or ctaim for da.mages, direct or consequentinl, en rnnnection with t+ny
<br /> rnndemnaaan or other taking of any part of the Property, or for oonveyance in tieu of condemnation,are hereby assigned and
<br /> � shall be pa:d to Lender.
<br /> ` In the eveni of a total tak'sng of the Property,the proceeds shall be applied to the sums secur:,d by tius Secemty Insdumeat,
<br />��� �=rhether or nnt then due,with any eaoess paid to Borrower.In the event of a partial taking of the Property in wSuch the fair
<br /> market value of the Property imrnediately before the taking is equal to or greater than the amount of the sums securai by this
<br /> Security Insuument immediately befo�ths taking,unte�s Eorrower an�Lender otherwise ap�e in writing,the sums set�ur.d by
<br /> this Securiry Instnunent shall be red�ced by the amosmt of the proceeds multiplied by tfi�f.vUowing fra;.tion: (a) tfte cotal
<br /> amount of the sums se�vred immediatety before tLe taking,divided by(b)the fair marlcet s:zue of the Property +m^��r�*P1y
<br /> - before the taldng.Aay balan�e shall be paid to Borracver. In the event of a p�gl takitr�af the PrapeYty in which the fair �
<br /> marktt vatue of the Praperty immadiately before the talang is less than the am�u�cf the�s secured immediately befo�th� ,. -
<br /> taidng.unless Bor[ower and Lender Qtli�rwise agree in wridng cn unless applicabie!aw a�ir.�rcvise provides,We pracc�fsi s�;,i[
<br /> = be applied w the sums securad by this,�rsirity Insmiment wheti��r or not the sums are then�e.
<br /> • If the Ptoperty is abandaned fry P�r�vsver,at s.f,after notice hy Lender to Bormwer t'�ac the condemnar affeis to make an
<br /> awazd or settte a claim for damages, Bflrrowet Lxils to respond to Lender within 30 days after the date the aoti�;e is given, .
<br /> I.ender is auihorize�to collect and apply the proce��.a.•at its aption,either to restoration or�air of the Property or to the sums
<br /> �,° secured by t6is Secnrity Instmment,whether or aot then dae.
<br /> ' Unless Lender and Borrower othenvise agree in writing, any application of proceeds to principal shall not extend or
<br />, ' postpone the due date of the mnnthfy payments referrerl to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Born►wer Not Released;For6earance By Len$er Noi a Waiver.E�ension of the dme for payment or modificaiion
<br /> � of amortizarion of the swns secured by this Securiry Instrument granted by LendCr w any suocessor u►interest of Borrower shaU
<br /> ' not operaie to retease the liabiliry af the original Borrower or Borrower's successnrs ig interest.Lender sHall not be required to
<br /> � oammence procx;ediags against any successor in interest or refuse to extend time for gtiymeat or atherwlse madify amortization
<br /> of tt�e sums secvred by this 5eturity Instrument by r�wn of any demand e►a3e by :�e ori�inal Borrower or Borrower's
<br /> , saccessors in interest. Any forbeazance by I.ender in exe.-cising any right or��edy shs3k uot be a waiver of or preclude tha
<br />, exercise of any right or remedy.
<br /> B�.:�uccesfoss and Assigns II�nad;.Doini and Sevcral LtabiUty; Ca-sIguers. '1C�e cavenants and agreements of tl�is .
<br /> ` Sec+uity:T�rcr,trument shail bind and benefit the successors and assigns of Lender and Bm�+ower. subject to the provisioms of
<br /> paraga��� �T. Borrower's covenanu and agreements shall be jaint and sevecal. Any Barrower who co-signs this Secarity .
<br /> '�,� Instrument but does noi execute the Note: (a)is co-signing this Security Instivment only to mortgage, g�ant and convey that
<br /> Borrower's interest inr�e Property under the terms of this Security Inst�vm�ent;.(b)is not pernonallY obligated to pay the sums .
<br /> • �� secvred by this Setur�ty lnstnunent;aad(c)agrees that I.ender and any other Borrower may agree to extend.modify.farifcar or ��
<br /> . make an�.�ommodations with r�av�ta the terms of this Secvrity Tnstrument or the Note w�thout that Borrower's consi�nt.
<br /> 13.�.�au Chs��.If the loan secured by this Security Insuument is subjeex to a la�v which seis a�imum taan chatges.
<br />'. and thai taw is fina1ly�nterpreted so that the interest or other loan charges sollected or to be coltected incoanection wtth We
<br /> loan exseed the pennitted iimits,theni (a)any such!oan charge shall 6e reduced hy the amount necessary to reduce tho churge `
<br /> � to the�erc'�itted timit;and @)any sums elreacty�llected from Borrower which exceeded perndtted limits wi13 be rePoudecl�to
<br /> �arra�rc�::II.�nder may choose to malce thls refund by reducing the principal owed under t6e Note or by making�tUt�ect. .
<br /> puymem to Borrower. If a refund reciaces principal, the redaction wiU be tteated as a partia! prepayment witttapi any
<br /> , prepayment charge uader the Note. ' ,
<br /> . ' � 14.Notices.Any�otice to Borrower provided for in this Security I�uttument shall be given�by delivering it or by mailing
<br /> . ` .t it by fitst class mail urs�ess applicable law mquires use af another method.T#te notice sha11 be directed to th..Property Addtess �
<br /> or any ather address Borrower des'sg,�ates by nodce to Lender. Any notice to I.ender sha1l b�t given by fusC class�ull to .
<br /> l.cnder's addmss stated herein or any other address Lender desig�ates by noti¢e to Banower. Any notice provided far:�n this
<br /> �.. . Security Instrument s6a11 be deeaied to have been given so Bortower or Lender when given as provided in this paragrnph. �
<br /> . IS.Governins taaw; Severabiltty. This Security Iustruxnent sha11 be govemed by federal !aw and the Law of the
<br /> }�risdiction in which the Property is locatcd. In the event that any provision or ctause of this Security Inszzument oe the I3ate �
<br /> � confli��-with applicabie law,suc1�conflict shall not affect other provisions of this Secvrity In�uument ar tha Note w4ii�can be
<br /> given�f��ct withwt the conflictir�,provision. To this end the provisions of this Security Insirument and tha Note ani dectared �
<br /> to be severabie. '
<br /> ' � 16.$orrower's��syj�.Boaowep shall be given one cazformed wgy of the Na�te and of this Seairity fln�tr�um:nt. �
<br /> Fame 80Efl 9/f10
<br /> Capo 4 0/B
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