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<br /> paymants may nu tonger be re�uired,at the optioa of Lender,if mort�age insurance caverage(in tfne amount and for the pereod
<br /> .. t�s ��?* r�c?���ravi�E�y�irs�.�rns�#s�ved�y�er agaia 6e�aea�.aDle asfct is c�:s�d.�sf�t�y �_
<br /> the premiums required to mvntain mortgage insurance in effect.or to provide a loss resz�ve,until t[te req��+►�m for mort�a�e —
<br /> • Insurance ends in ascorda�tce with any tvritten agreemen2 L+ehveen�orrower and Lender or a�oplica6le(aw. ��,
<br /> 4.Inspecdlon. Lender or iu agent may make reasonabfe entries upon and insp�ctions of the Proparty. Lender sHall give
<br /> ' Bosrower nadce at the titne uf oz priar w an inspxtion specifyiag r�.sonabte cause for the ins�ection. �_�
<br />,�`� ' �Q. ��d2m�€�n. Tlte proc�s of any a�vsrd or clsim fo;dsmsges. ctirecE or oonsequen�a}, in canaeciion with asiy �
<br /> '' condemnation or other taking af any part of Ehe Property,or for conveyance in lieu of condemnatian,are hereby assigned and �
<br /> sIlall be paid to Lender.
<br /> s,�� In tts�event of a total taking of the PrAperty.the proceeds shall b°applied to the sum;secured by this Secnrity Instrument. �-
<br /> ;�� whether or not then�ue, with any excess paid to Borrowet. In the event of a partia! taking of the Property ia��hich the fair ■`,..-_
<br /> ' m3rket value of the Property immediately b,efore the taking is equal to or greater than the amount of the sums seeund by tbis
<br /> Security inst�vmsnt immediately before the ta�ng,unless Borrower and Lender otheiwise agree in wriring.the sums secured by �:_.
<br /> this Security Ia�trument shali be ieduced by the amount of the proce�s muttipHed by the following fiaction: (a) the total ---
<br /> ;, amount of the sums secured imiaediately before the taldng,divided by(b)tt�e fair market vaiue of the Property imm�iately
<br /> 6$fore the talcing. Any balanee shalt be paid to Bormwer. In the event of a partial tatdng of the Property in wfuch the€air -
<br /> ` market value of the Propesty immediateiy before t���-=sir►g is iess than the a�oust o�the sums secumA immediately before the ' �
<br />• tai�ng,ualess Borrower and Lender otherw�se agree in writing or unless applicaEz[�G:w otherwise provides,the proceeds shall
<br /> • be appliad to the sums secured by tbis Security Insuurnent whether or not the sarns are then d�. �`;.
<br /> _;�'. If the Pro�erry is abandoned by Bomru�z,or if,after notice by Lender to Borrower that tf�e sxiademnor offers to make aa
<br /> award or set@e a ctaim for ttamages, Boaa�•er fails to responsi to I.ender widva 30 days ai�r the datc the notice is given, ,�:
<br /> leneier is authnrized to collect aIId appiy the F�.�,��iis option.either to re<toe�tion or repair of the Property o:to the s►�s
<br /> , seeured by this Se�irity Instiument,whether eF�t t�.-,.�:e.
<br /> UNess Leader aud Borrower othecGn:_.�agree in writing, aify �glic�ntion of prooeeds to principaf shail not extend or ' �
<br /> • � postpone the due date af the momhiy gayt�s re�erred ta in p�Fas 1 and 2 Qr change the amouna of such gaymenis.
<br /> !l.Barrower Not Iteleased;Forbears�oe&��nder Not a Waiver.Exte�.ion of the Hme for payme�E op modifc��n a__,
<br /> '. of amanization of the sams secvred b�r this Secur.�r fr�:�ument granted by Lender to any successor in irterest af Ramr,a�sl�ll �x.
<br /> aot operate to retease the liability of the ori�inal Borm��er or Borrower's saccessors in inter�st.L.ender shalt:carr tre rr-�uice�i to �y'-
<br />:,�r;- commence proceedings against any successor in interest or tefuse to extend time for paymeni os otherwise modify a�oati�an
<br /> of We sums secured by ebis Security Instrumeni by reason af an}• demand made by the originai Borrotiver or Bomower's =`-'-
<br /> ' successoirs in ist�eresi. My forbe�uance by Leader in exercising any rig6t or remedy shall not be a waiver of or prectude the
<br /> _ - r-�cisx of am�rcght ar raaed-y+. _
<br /> lZ.S�nocessors and Assfgns Bw�ad;Joint aud �ersZ LIab�a�g; Cfl-si�ys. 'Fhe wvenants tind xgreements of ttus �'
<br /> Security Insttumcnt shall 6ind and benefit the svc,ses.�sts and assi�s of Ler.d�and Bormwer, subject to the provisions of
<br /> � para�rapn 19. Barrower's covenants and agreements shvll be join2 and severat. My Ba�rrawer w6o oo-sigas this Scxurity �'
<br /> Inscrament but does not eaecate the Note: (a)is co-signing ttvs Security tnsmuc;nt onty to mortgage.grant and convey t�at ----
<br /> � )norrower's interest in the P��erty under the te►v�s of this Security Insuument:(b}is noc personally obligator�to pay the sums
<br /> : �� secured by ttris Security In�r•,..ment:and(c)agrees that I.ender and any otfier Borr�•er may agree to extend.�vdify,forbear or , ---
<br /> make any accommodations with regacd to the terms of this 3ecurity Instrument or the Note without that Bonowrer's consent �
<br /> 13.I�n Chatges.if tbe loan secured by this Security Inswment is subject to a iaw which sets maximum loan charges, • �
<br /> .: aUd that taw is finalty interpreted so that the interest or other loan charges�oollected or to be colFected ia connectidn with tlie ���
<br /> ._ r; loan exceed the germitteQ Gtnits,Wen: (a)any such loan eharge shall be[educed by the amount rieeessary W reduc�the eharge �---
<br /> • �; to the permittal limit;an�f(�3 any sums already collected from Borrower which exceeded permiaed limiu ai[a be refunded ta. —
<br /> � ;.:� • Borrow�r. L,ender may choose�w malce this refund by reducing the principal owed cu�der the Nate or by :naking'a direct
<br /> pa}rment ta Eorrower. If a refund rednres principal. the reduction will be ueated as a partiai prepayment without aay . —
<br /> .. . . prepayment c6a�e uader the No2e. . • _--
<br /> _. , 14.Alotice�.Any notice no Bonower provided for in thts Securiry Iiutnimerri shalt ts:glvea by delivering it:or by mailing •
<br /> . it•.by first class mail unless�pplicable!aw requires use of suiother m�thod.The notice shall be directed to the Property Addr�ss �
<br /> � ,' : or atry other address Borrower designates 6y notice to Lender. Any notice to�Lender shalI be given by first class mzi! to . t-�,
<br /> � , LeriSer's addr�ss seated hereio or any other address Lender designates by notice to Borrow�. Any rtoaice provided fnr in this �;;
<br /> �•:`�- � . Securisy Insav�ent shaU be deemed to have Geen given to�orrower or Lender when given as provide�in ttus paragrapP�. � � !_' _
<br /> :�°.�'i; 25.Govere3ng Law; Sever�bflity. Tbis.Security Iastrument sball be govemed by federat 18w and the lav� of the
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<br /> �... ; jr:sisdictioa in which tfte Property is located. tn the ecent that any pmvision or ctause of this SecariCy In�tcuir,��:.or the iVote =
<br /> `' � eon#ttcts with applicable Iaw,such conflict shall not afCvux other provisions af this Securiry I�asttvment flr the FI�,�:�whic4�can be
<br /> �.� given effect without the conflicting provision.To this e-�the provi�i�ans of this 5ecurity Instrume►�t ac�d the Note 0re d�:;�d =—
<br />;;�i'3+.�; to6eseverabte. . ' �.�
<br />��'�' �i;, 16.Borrower's Copy.Borrower shall be given cae conformed oopy of t6e Note and of this Sec�rity In�.;�nent. � ' �
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