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<br /> payments may na tonger be requited,at the aption of Len�er. i!mortgage iasurarice coverage(in the umount und for ti�e period =
<br /> that Lender requires)pro�ided by an insurer apprQved by[.ender asain becom�avuiEable and is obtaiaed. Borra�vice sGall pay �..
<br /> the premiums required to maintain mortgnge insursn9e in effcct.or to provide a loss reserve.until the rcquimmcnt for mongage -
<br /> insurance ends in accardance with any written agreement bet�+een Borroiver and Lender or appiicabie law.
<br /> • 9.Iaspection. Lender or its a��nt may make reasonable entries aUon and inspertions of thc Praperty. Lender shall give
<br /> - Barrower nar.x at u'te tin�e of or p:ior to aa'snsp�tion spec�fYit�reasaTM3bSe c;w.�e for the inspectian. _—
<br /> 10. Coademnation.The proceeds of any award or claim for damages, direct or consequential, in connection witi� any _
<br /> oandemnarion or other taking of any part of the Property,or for conveyance in lieu of condeYnnation, are hereby:usigned and _.
<br /> shall be paid to I.ender. _
<br />- In ths eveni of a tota!taking of the Fmpert}r,the proceeds shall be applied to the sums secured by this Security Insirument. s_
<br /> �vhether or not thea due, with any exc�ss paid to Borrower. la the event of a partial taking of the Property in which ahe Fair _
<br /> market value of the Properry immediaielY before the t�kking is equal t�or greater than the amount af the sams secured by tius _
<br /> Security Instrument imme�iaiely before tttg cakinb,unless Borrower and Lender otherwise agree in writing,the sums secured by —
<br /> this Se�vrity Instrument shall be reduced by the amoant of the pracecds muluplied by the following fraction: (a) the totnl
<br /> aznnunt of the sums secured immediatety tsefora the taking, divided by(b)the fair market value of the Property immediately _
<br /> � befoce the taking. Any fsalance shall be paid to Borrower. In the event of a paraal taking of the Pmperty in which the fair _
<br /> . markei vatue of the Property immediately before the ta�ing is less than the amavnt of the sums secured immediately before the
<br /> talang,unless Bortower and Lender otherwise agree in writing or unless applicabte!aw otherwise provides,the pmceeds sl�a1! r
<br /> ��'f be apptied t�the sams secured by this Security Instrument whether or not the sums are then due.
<br /> If the Hroperty is abandoned by Borrower,or if,aRer notice by Lender to Batrower that the condemnor offers to maEce 2n _
<br /> award or settle a claun for damages.Borrowes fails to respund to Lender withia 30 days after the date the notice is given,
<br /> Lender is authorized w wlled and apply the prac�ds.at its option,either to restoration or repvr of t6e Property or to the sums
<br /> : setured by this Security Iasuumeet,Bhether or not then due. _
<br /> Unl�ss Lender and Borrowez otherwise agree in writing, any appiicarion of praceeds to principal sriall not extend or _
<br /> , postpofle the dae date of the monthty payments referced w in paiagraphs 1 aad 2 or change the amonnt of such paymems. -
<br /> ' 11.Bosrower Not Reteased;For�earan�vz By Leader Not a Wai��.��:ension of the tuue for payment or�nodification €
<br /> ' of a�crti�aion of the sums secured hy this S�,vrity Instrument granted by IIr��;.r to any successor in interest�of Bormwer shaA _
<br /> ���� not c�erate to release the liability of the original Borceiwer or Borrower's suacessors i�Wterest. Lender shall nat be required to _
<br /> � t co�aence p�ings agaiast any successar in interest or rz�se to extend dme for pa}r.�at ot otherwise modify amertization =_
<br /> �f, of the swns secured by this Ssx�iry Instrumeat by reason of any demand made by the original Borr�ower ar Borrawar's �
<br /> :4=t< �,��rc !n inrereci. Any forbeai^�.ace by i.es�er in exetcising any right ot remedy shall not be a n�ver of or preclude We �
<br /> exercise of any right or remedy.
<br /> . !Z. Sa�sars snd Ass*',���doint and Seee�!Liab3lItg;�:o�igners. '9�e covenants and agreeme�s af tlus -.
<br /> •.:• :;. Security Instrument shall bind z�3 t:�enefit the saccesso�s and assigas ef I.ender and Borrower, subject to the pmvisions af _
<br /> parngragh 17. Bes•rewer's wver.�.,~� and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> ' ' Insuument but does�at execute the Note: (a) :s co-signing this Secur.cy- �ment only to mortgage.grant and canvey that �
<br />. " Borrower's interest in the Property under the¢ar�ns of this Security Instr'.�aent;(b)is not personally obligpted to pay the sums
<br /> . sPCUred by this Security Instmment;and(c}agr�s that Lender and a�sy othe'r Borrawer may agree to extend,modify,forbear or , . _
<br /> , mafce any uCcommodatioas arith regard to the terms of this Security Instrument or the Note without t6at Borrower s consent.
<br /> r��� 13.Loan Chuges.If the loan secured by this Security Instrument is subject to a law which.sets maximum loan charges.
<br /> ' and ihat[aw is finally interpreted so that the interest or other loan charges collected or ro be colleci:d in connection with the _
<br /> • loan exceed the pecmitted limiu,then:(a)any such loan chazge shall be reduced by the amount neces,s�ry co reduce the charge . _
<br /> `'{.: to the permitted l;mit;and(b) any sums already wllected fivm Borrower which excceded permitced'2h�its wlll be refunded w
<br /> +, Borrower. l.ender may choose to make this refimd by reducing the principal owed �nder the Nute or by makiag a direct
<br /> ��=s- � pqym�nt so l�oae�xes. If a refuad re�ces principal, the reductian will be treated as a partial p:epayment without ariy '
<br /> ��� `�� prepayment ctiarge uader the Note. �
<br /> � '� 14.Noticcs.My notice to Borrower prnvided fos in this Secarity Ya�st�ument shall be given by deliverins it or by mailing
<br /> :, •,: it by first class mail unless applica9�le law requires use of another method.The notice shall be directed w the Property Address
<br /> , ,��: or any othee address Borrower designates by norice to Lender. My aotice to Lender shall be given by first class mail to
<br /> :�; Lcadcr's addrr�^^,,�stated herein or any other address Lender desianates b;nodce to Borrower. Any notice provided for in this _
<br /> t � Security Insuument shap be deemed to have been given to Boeower or Lender when�iven as provided in this paragraph.
<br /> �� i� i�.Goveming I.aw; Severabllity. This Seasrity Instnuneut shall be govemed by federa! law and the law of.the
<br /> � - �srisdiction in wErich the Property is lacated.Tn the event that any provision or clause of this Securiry I�sttumern or the AIote
<br /> � oou�icts with applicabte law.such conflict shall not affect oiher provisions of this Securiry lnswment or the Note u�5ich can 6e
<br /> • g;�►�.�effect without the conflicting provision.To this end�,.provisions of this Sec�rity Insuument anti the Note�e declared
<br /> � to be severable.
<br /> . �'��: lb.Bosrower's Copy.Bonower shall be given one canformed ce�,�of the Note and of this Securiry Instcument.
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