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<br /> payments may no longer be required,at the option of Lender,if mortgage insarance coverage(in th:�noan:and for the p�riod —
<br /> that Lender requiresD p�v��by an insurer approved by[.ender again becomes availabte and is o3�inx1.Aorrower shall pay �_
<br /> .- the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve.until tt�:req.iite.�nent for mortgage =_
<br /> � .; insurance ends in accordance with any written ag�cemens between Borrowcr and Lesidef or agplicaNle law. _
<br /> _ 9, InspectFon. Lender or its agent may make reasonable entries upon and inspections of th�Pro}►:rtg. Lende�sha11 give —_
<br />' Borcower nouce at the time of or prior to an inspection specifying reasonable cause for th:inspection. —
<br /> � I0. COA�P.Il1II34I0A. The proceeds of any a+vard or claim for damages, direct or consequentiai. in rnnnection with any —
<br />�. rnndemnation or ot6er taking of any part of the Property.or for conveyance in lieu of condems►a.tian.are h:raFSy assigned and __
<br /> -. st�all bc paid to Leuder. -
<br /> In thc event of a total taking of the Praperty.the proceeds shall be applied to the sums secuied by this Scc��riay lnsuument. E
<br />� whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Prope.��in which the fair =°
<br /> market vaiue of ihe Property immediately befo:+e the taking is equal to or greater than the aTr�nunt oi tin�sums secured by tlris _
<br />� , Security instruinent immediately befoTe the taking,uniess Borrower aad Lender otherwi�e agree in�v�itin�.th�sxuns secw'ed by '
<br /> this Security Instniment shall be reduced by the amaunt of th: proceeds multiplied by the follo��ing fra�im: ;ul the total =
<br /> amount of the sums secured im�uediately before the taking, divided by(b)the fair mar�et value of th. Prop:sty imrnediately F
<br /> ' tsefore the talcing.My balance sball be paid to Borrower. In the evert of a partial ta�ng af th�Propeety ia whic6 the fair
<br /> market value of the FrG�rty immediarely before the taking is less than ttce amount of the sums secured imm�irJ.e�Y before the t_
<br /> taking.unless Eorrov�t and[.ender otherwise agree in writing or unless applicable law oth:awi�e pmtiides.thn pmceeds shall �
<br /> � ' be applie�to the sums�tsy this Se�urity Inswmeat whether or not the sum5 are thefl due. -
<br /> If the Psuperty is ah�nsioe�i�i.hv Borrotiver,or if,after notice by Lender to Borrower thzi th�a.rn��nn�r offers w make an —
<br /> award or settie a cL;im for dam:�;es.Borro�ver fails to respond to Lend�witLin 30 days after tha�te the notice is given, °
<br /> L.ender is authorized to coilcr[:�.'apply the praceeds,at its optinn.either tn restorapon or repair ot ths Property or W the sums =
<br /> secured by this Security I��rm�st,whether or not then due.
<br /> Unless Lender and �ire•���therwise agree in writirt�_ any atrptication oi pttr�a�cts m principal sha11 not e.ztend or
<br /> postpone the due date of tfse�:arsti3ly payments referred to in p�� f hs 1 and 2 or ch..n�r Ehe amvr�n3 of such payen�ts.
<br /> 11.Borrotver Rrese fT.r�r��;Forbes�sace By Leuder NoY a�Wui�«:.�xtension of d,e tim°for payment or modification =
<br /> of amortiTation of th�su*as�u::�d by this Securiry Insvument granted Fry Jac.nder to any successor in interest of Borcower shal! _.
<br /> .,�, not opetate to retease tfie liasi�ity-of the origina!Borrower or Barrower's successois in int.sest. Lendet stiall not be tequi�+ed to �
<br /> commence proceedings agaeti.�t�y successor in interest or refuse to ezeend tims for paym:nt or otfi�nvise madify wrn:rtization
<br /> . _ of the sums secured by this �i:ity Inswment by reason nf any demand m3de b�y the urigin� Borrower or Br.rivwet's
<br /> � ,..' sucoessors in interes¢. Any forbearance by Lender in exercising sny rigM crr rem���sh�ll mt b�a waiver af or preclude the -
<br /> i�:, exercise of any right or reme�y.
<br /> ` ' IIZ. Suocessois aad Ac� Sonud;Joi�et and SevPrr�l E.tab�ilq;Co-sfgn2rs. The cove.nants and agreem�.ts of this
<br /> • '. Securit'� In.shument shall bind atsd benefit the successors eux�.rssigns of Lendar and Arnrower, subject to the pJr:i�ions of
<br /> �,� par^�s�� 17_ Boaower's ca�:�sau�s and agreements shall t��joint and sevesal. A�y Horrower who co-signs this Securiry
<br />, �. Instr�:t�ent but do�.r,At execate ine Note:(a) is co-signing this Security(n�tnuneat au:y to u»rt�e, grant and convey that =
<br /> ;4;, Borrower's interest in the Property under the terms of this Security Insttnmr.nt:(b)is not persanatl�•obligated co pay the snms =
<br /> , secured by this Security Inswment;and(c)agrees that Lender and any other Bnrrowes rn�y agree to extend,modify,forbear or
<br /> ; �•, make any acoommodations with eegacd to the cerms of ihis SECUrity Inst�vment or thr•Ncr9 without that BorroNer's consen� _
<br /> 13. Loan Cha�ge5. If the loan secured by this Security Instrument is subj�:t to a law which seu maximum loan charges. _
<br /> and that !aw is finally interpreted so that the interest or other toan charges colle�cted or to be collecte�in connection with the
<br /> �. ; ;.'• laan eaceed the permitted limits. then:(a)any such loan charge shall be tedi�:ed by the amount necessary to ceduce the chatge =
<br /> ° to the permitted limit;and(b)z�y sums alreamy collected from Borrowea whi:h eaoeeded permitted limits will be refunded to
<br /> Borrower. Lender may chaose tn make this refund by reducing the principal�o�red �uaier the Note or by making a direci
<br /> :,��..,<: payment to Borcower. If a ►�fn� reduees principal, tfi. rcifuction wiU be treate�i ,�5 a partial ptepayment without any
<br /> : prepayment chazge cr�der the Note.
<br /> � 14.Notices.Mary notice to Borrower provided for in thi�Secudty[nsta�+•nsnt shall be given by delivering it or by mailing
<br /> � it by first class maii unless applicable law requires use of sur,�t.r metha.i_�ie notice shall be directed to the Property Addcess
<br /> � or any other address Borrawer designates by notice to Lr�c�i�. Any notice to Lender shall be given by first cl�� inail to
<br /> �' Lender's address stated herein ar any other address L.ende�r�l�::cgnates by notice to Borruwer. Any nodce providui 6rr in this
<br /> Security Instrument shall be deemed to have been gesren to Br,sZsower or Lender whea given as provided in this parag�aph.
<br /> 15.Governing I.aw; Severabllity. Thi:� Security Instrument shall be govemed by federal la�u and the law of thc
<br /> .:.3;�Z;� jurisdiction in which the Property is located. Tn��e event that any provision or clause of this Securitv Inswment or the Note
<br /> '�".y:���< conflicts with applicable law.such conflict shati aot affect c�er provisions of this Security lnstrumem or the Note�uhich can 6e
<br /> �, :.��;� given effect without the canflictiis�•,provision. To this ecut if�e provisions of this Security[nstrument and the I�lote ai�declared
<br /> to be sevetable.
<br /> �',��` 16.Borrotver's Copy.Borrower shall be gi�er�one caN�armed copy of the Note artd of this Security InsWment.
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