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<br /> payn�ents may na long�r be reqnired,at the optian�f i..ender,if mnrtguge insumnce covcragC(nn the Amount and far th�pexiocl
<br /> ti�;;t L.cndc:; rcc�uiees)provi�ed by an insurer ap�rovctl by L.e�tda•��ain b�emnes nvailable and is obte�ine.A. Ror��ower slinll �s:��
<br /> ti►c pi�c3��lums rcynirccl ro m:zi�ic.fri r,�of-tgage insuran�in cffcct,ar to pravide a loss rescrvc,untiA Ihc rcquiccmcn�for o�nr►gagc
<br /> insorance ends in Accordance wiih any wriu�ne�rcement betwcen Borrnwer and Lencler nr applicable law.
<br /> 9. Yrwpecifon. I.e�xler ar its agent roay mako reusonable cntriss upon and inspectinns of the Property. lxnder shall glve
<br /> �iarrower notice at the tinx of or prior xo an inspectlan specifying reasonab�e cause for the inspectian.
<br /> , 10. Cpnekmn�tbn, The procoeds of any award or clairn for damages. dirxt or consequential, In connection with any
<br /> ' condtmnation or other tuking of any Fart o��he Property,ar far conveynnce in lieu of condemnation. are licreby ussignec!�nd
<br /> shall bo paid to l.rncier.
<br /> In the event of a total talcing of!hc Aroperty,thc:prc�cex�ds�hall be appliai to the sums secured by diis Security Instaument,
<br /> whether or not then due.wlth any excess paid ta Borrower. In the event of a partinl takin�of the T'mperty in which the fair
<br />- market value of thc Propeny immediately betare the taking is e,qual to or greater than the amount of the sums secured by this
<br /> Security Instninxnt immodiate:ly before the taking,unless Borrower and Lemtcr othcrwisc agrce in writing,the sums secumd by
<br /> this Szcurity Instrunxnt shall be reduced by tlie amount of the procee.ds multiplicd by the followinB fraction: (a) tha total
<br /> amaunt of the sums securM immaliatcly before the taking, divided by(b)the fair mackct value of tl�e Property immedintely
<br /> br.fore the tuking. Any balance shall be paid to Borrower. In tlae event of a partial taking of th� Property in wluci� ilie fair
<br />� mxrk�t value of thc Pinperty immcxiiately before the taking is less th�n tl�e umaunt Af the smns sc;cureci immediately before th�
<br /> taking,unless Barrow�r and L.ender othenviseagrce in writing or unless applicable�law otla�.nv'r,r,e,provides, thc prcee«is shall
<br />: ts�appliud to the sums r,ecured by shls Security Ins�cut whether or not the sums arc�hen ch;a.,: '
<br /> If the Property is aband�nal by Borrower,or iff,�ftcr notice by I.endcr to$orrower th��t}ie co7�tletrinor otf�rs to m�lce an
<br /> awtrd nr settle a clsim for d�nages, Borcowar failc to re,,nond ta Le�xlee with'sn 30 sl�ys after ttee'r".a:c thr notstx is g6stn,
<br />: Lx.t�fer is uuthorizod to collxt and apply the proceeds.at its oplion,cith�r to�rstoration or repair of the Property or to t�e sums
<br /> secvred by,t.i�ta Seeurity Instcument,whether or nix thfn due. �
<br /> Unl�.ss Lencfer arxl Borrow�r otherwise u�xe��;�a,writing. any applica33a:n.of procaeds to principa!;Sh�ll not extend or
<br /> postpone the due date of the monthly paymcnts re�e;rr,:d,e�i in�wragraphs 1 anc3:.�:n1•change the amount of su$��p�yments. .
<br /> 11.Barrower�+Iot Relc�.sed;Forbearanc�e �t}'�,.�1ec N��1.�w W�iver.$�ttsnsion of the tiine for paymtnt�or nxxlificatio��
<br /> of amonization af thc sums securod by thia�aurity Instiument grantod by I.ender to any successor in interest of Barrovwar,shelf
<br /> not op�rnt��[o relc�se the liability of the original Burrower or Rt>rrower's sua;essors in interest. Lei�der sFuill not be requirbd to
<br /> oommence proceedings against any suca�ssor in i atecest or refuse to extenct dme for paymeni ur otherwise modify�mortirAtion
<br /> of the sums secunbd by �his Security Instrument hy reason of. any demar�d saade by the original Borrower or Borcower's
<br />� suctessors in interest. Any forbearance by Luder in exercising any rigdt or o�mpdy shalZ qot be a waiver of or proc{udo the
<br />°, exercise of e�►y right or retncdY. • •
<br /> 12. S`�ia�r�ra �ad Aastgas Bound; Jdnt and Severa! ]G�n�filit�; Ca�(,g.-�ers. '�'1��:c��cnanu anc! agramenta 1`di"this
<br /> Se�urity Ic��meru sha�i bind and benefit the suaes:wm and assigns of LeYtilc.r;and Bortoiver. subject to the provisioa� of •
<br /> p�rYgr�ph ly.,&ireqv,�r's,covenants aiid agca�smta sh�ll be joint and sev�eraf,° Any Borrower who co-signs thia Secudcy
<br />" Inscn�ment irq�;�db�es not��axecute tt►e Nots:(a)is o,r$igning this 5ecurity Instrument oNy to,mortg�e,gront and oonrcy thnt `
<br /> Borrower y 1�n(ectist in tl�e Propez¢,y uncli?if.ihe urens of this Scxttiity irtstrument; (b)is not pur�soe�ally oUligAtc�d to pay t2��sumc
<br /> securod b�•this Securiry Insuument:an@•�e)agroes that I..ender and any other Borrower may�ceo ta axtencl.modify.foitxi�t or
<br /> m�ke any scoonunodaeions with�eganf to the tmns of this Socurity Instrument or ths Note without thst Borrawer's oonsent.
<br /> 13.Lo�e Ckar�. If the loan secured•by t�is�curity Teestrurnent is subject to a law which sUS mazimum lorn ch�rge5,
<br /> and that Isw is finally iaterpcKtod so thae!h�interest or other loan ctuuges colloctai or ta be colloctod in oonnation with tho.
<br /> , loan exooed the permitted limits,then: (a)any such loan chargo�full be reduced by the arrxwnt neoexsary to raiuce�lre churga
<br /> to t!x�exuiitted limit;anr4(b)any sums alr�,ady erollucted fi�om't3umower w0ich e�ceoded permittod iiradts wiU bo reCrFi;ict��'to
<br /> Bo*rowa'.,;�.eoder mry rhoose to make this rcfund by mducing the principnl nwod under the Note oc by mahing �I'8itiocl
<br /> P1�ymait to Aorrowcr. If a refund roduas prirxrjpAl, the reduction will brs tneatod as a P�� P�Y►nent widaut any ��,��r;;
<br /> ' i.S�MYmrnt charge und�n'�t Notr.. . ..,;±•
<br /> �.�r�:' 14.!�lartlem.Any tia�ia to Borro�v;�npruvided Por in this Sex�raty Instrum�nt shall be given by delivuirtg lt or by mellit�g
<br /> it by firyt:cSt�ss�m�il unle�c�pplicrble Ia;cv.requires use of another cner�hod.'dT�e notioe shal!be dirocted to the Propaty�tdd�
<br /> or an5' otb�.'v;+bdrcss Horrok�tr desip�ates by notice to I.ehck�. Any notla to L.ender shall be givp� by fint r,luss mail m
<br /> �.�'•�T.axier's addr�ess stated herein ur Any other addresa Lencler d�sigrwtes by naice to HorroHtir. Any nala prov+:dod for in this
<br /> ' :�ecurity Inatrumont sh�ll be doemed to hztve been givon ta Bocrower or[ander when given as providod in thi�paragraph.
<br /> '�':' 15..Coria�ni� Law; Sever�b{fity. This 3a,�urity Instrumcnt sh�tp be gove�ned by foderal Iaw and the lrw;..bfthe
<br /> :•jurisdktioo�in which the Proprrry is located. In tlu event that ary qroviaion or ciause of this Socurity Instntment�x Nn�'r�.3v�rte.
<br /> a,c�ili�w�J;�h applicabta iaw,5UC�1 COfAfliC�S}18II IIO[9�fCCt 0[}1�t'�70Y.�31(1tLS pFtI17S SCCllT1tSr Ii1S[N111CflL OC II1G NOtC WfIK'P!�i1;jlR Q1C
<br /> ;••",$ivrn effoct without thG conAicting provision.To this end the provisions of liti�5ocurity Instrurnenc and�the Note are dcxlurd
<br /> " ''��TO be sevenible. ..,..." .�. .
<br /> ,` lb.�fort+owet'a Copy.Borrtswer sha11 be giv�erl one confomxd copy of the Piote a�tid�f this Securlty I�.sttut�xnt.
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