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<br /> �'-IC��I S�� ���
<br /> �::
<br /> payments may no lon�er�e required.st the option of Letuier,iF aiart�e i�surance coverage(in the amount and for the peeiod �,,��
<br /> � th�t Lender rcquires)provided by an insuner approved by Lender again becomes available and is obtaircd. Borrower s!►all pay -.
<br />, the premiums reyuirPd to mvntain enortgage insurance en effoct, or to pmvide a lass reservg.until the requirement for mortgage �.
<br /> insurance ends in acrnrdance�vith any writtsn agreement bet�aeen Borrower and Lender or applicabte law. "'�'°'
<br /> 9, inspecllon. L.ertder or its agent�y make reasonable eniries upon:uid ins�xtinns of the PropeRy. Lender shall give
<br /> Borrower notice at the time of or priar to an inspeciion specifyin�re3sonabla cause f�r the inspeceion-
<br /> �_.
<br /> 10. Candemo:ittoa. '['he proceeds of any award or claim for damages, direct or�ronsequential, in connection with any �:
<br /> coademnarion or other taking of any pa�t of the Prapeccy.ar far conveyance in lieu of rnndemnation,are hereby assigned and
<br />•, _ shall be paid to Lender. '''
<br />�, �,``_,.._,`�
<br /> In the event of a total takin�of the Property,�i►e proreeds shall be appiied ro thc sums securc�by ttus Security insaument. �___:==
<br /> • whether or not then due, with any excess paid to Sorro+.ver. in the event of a partial tatcing of the Property in which the fair �'q,_:
<br /> - cnarket value of the Property invnediatety befare the taking is equal to or g�ater than the amnunt of the sums secuced by this ---
<br /> Security Instrument itnme�iately before the takic�g.u�less 8orrower and Lender otherwise agree en�vrit3ng.the sums secured by 1��:':r�.;
<br /> ' ehis Sacurity Instcurr.ent shall be reduced by the amount of th�prnceeds mulliplied by the foL!�awis� fraction: (a) the total �'
<br /> • amount af the sums secured immediately before the taking,divide+i by ib) ttie fair martcet vali;e of the Property immediately �.�.,:.�--.
<br /> �:?•�_
<br /> befom the taking. Any balatcce s4iali be paid to Borrower. In the event of a partial t�king of t�e Property in �vhicd the fair �•.
<br /> maricet�alue of the Praperty imu'.ediately before tha taking is less than the amount of the swan secured imm�iately before the
<br /> taking, anless Bncrower and L.ender othenvise agee in writing or unless applicable law othenvise provides.the pmceeds stiall �';.
<br /> be applied co the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Progerty is abandoned by Boaawer,or if,after notice by Lender to Borrower that the vor►demnor offeis to m�lce an
<br /> . avrard or setde a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notioe is given. �__'_'.
<br /> ' Lender is authori7ed to collect and apply the praseeds.at nts option,either to restoratian or repair of the Property or to the s�ms �-�",;�"
<br /> s�red by this Sec�rity Ins��ent,whether or not then due. ���
<br /> " Unless Lender and Borro�ver ot8erwise agtee in writing. ar►y aFPlication o€proc�eetls to pdncipal shall aot ext�nd or �'=�-�
<br /> postpone the due dzte of dr:monthly payments r�eferred to in paragraphs 1 and 2 or cbange the a�otant of suth payments. .
<br /> rA
<br /> I l.Borrav►er No3 Yteteuseaf;Forbearanoe By Lender l�tot a Waiver. Extension of the tis.�e for payenent ar modification ��•�__
<br /> o€�ortization of the surts secured by this S�urity[nscrument g�a.ated by Lender to any successor in interest of Borrower shall �,:r
<br />. c�s Q�erate co release the iiab<tity of the o�iginal Borrower or Borrower's saoaessors in interes�. l.ender shall not be required to � u
<br /> oo�r,mence proceedings agaic�st any sucxessor in interest or refuse to ext€n�time for payment or otherwise madify amortization �':--�
<br /> ' st
<br /> f%, of the sums sacuced by this Secunty Instn�met►t by reason of any dearas�d made by the origin�sll Borrower or Borcower's ___
<br />;,:s:' saccessors in ir.rrx�t_ My fo�arance by Lender in exercising ttny righl.or remedy shall not be a waiver of or precfu,de ths �.�=�.
<br /> ��°
<br /> eac-scis2 of any rigtet or re�3_ ___
<br />, '. 1Z. Succe�oss am�� Bonn�;JoMt and Sever�l l.iabdlity; Co-sdgne�s. The covettanu and agreements of this �•
<br /> •:�`• Sec�rity Insuw�^s-�e: shali bircd end benefit the sucressors and assigns of Lender and Borrower, subject to d.$ provisions of _
<br />�:.t�t;�} �``'-..
<br /> .Azf�� paragraph 17. �araosver's covenants and a�menu shall be joint and severnl. Any Horrower who co-signs this Security e•••:��;:'_
<br />'��:���, Insuument but d�r.nt execute the Nate: (a) is co-signing this Secur'.'� t�strument onty to mort�..8�aud ceAVey that !i T
<br />�<<%' Borrower's inierest in the Pcopercy under the terms of this Securiry In.�tstur�.zt:(b)is not petsoaalix rPs�igated to pay the sums _ .
<br /> ,.:'•�.
<br /> secured by this Securiry instrument;and[c)agrees that Ixnder and any c�.irea'Bonower may agree co ene�d.rteud'sfiJ•fo�ear or �t"'°n�'
<br /> ;•:.,: make any accamr•_.odati�ns with regard to the terms of this Security Insu�r:nt or the Nota without tt;�Borrower's consent. ' ��.�
<br /> ����' 13.Lnaci Qfa�r�t•If the toan serured by this Security Insvum:�:is.�ubject to a law wiuch�:ts maximum loan chargcs., • �_,_.
<br /> :,``{�f• and that law is t'i�;ly inteipreted so that che u►terest ar other loan cI„���:collected or to be coIIected in connection with the �
<br /> :..�';; lo�n exceed the permitt�l lim.�is,then:(a)�}� such loa.z charge sha14�rc cuiuoed by the amuunt neoessary to reduce the eharge __
<br /> � -!: t�t':P permitted limit:and(bp:xs-}� swns already collectai fn�ss►Borrower which exceeded pemiitteA limits will be refuaded to
<br /> �•. $�,�rower. Lender may choosrr r:d ,nake ttus refimd by n.�Ling tPte�rincipal owed under the Note or by malcing a direct _
<br />``F`���1 ' payment to Borrovler. if a refund re��� principal. the reduaiors �i'.1 he meated as a partia! prepayment without a1ry
<br />:�V��`.:
<br /> •�t ,. prepayment churge under the Note.
<br />��• •� 14.No3ices.Any nouce to Borrower prorided for in this Security!�.�trument shall be given by delivering it or by mailing
<br /> � it:Gr�first class mail un3ess applicabie law requires use of cinother method.The notice shall be dizected to the Properiy Address �-���
<br /> '�, or�any other address Borrower designates by nouce to Lender. Any nouce to Lender shall be given by first class mail W � : �:
<br />�:ir�;�{,'. Lender's address stated herein or tsny other address Lender designates by notice to Borrower. Any notice provided for in this �`;' �
<br /> �:};�`�� Security Instrument shall be deemed to have Isc�n�iven to Borrower or t.�:nder when given sis proviQcd in this paragraph.
<br /> 'ft�'•� 15.Governing Law; Severabilitg�. T11ss•Sewriuy lnstrument shall be governed by federal law and the law ofthe ._
<br /> �+s,-isdiction in which the Property is located. In the e��ert rhat any provision or clause of this Security Insm:trr�t or the Note T'-•
<br /> er:::licts with applicubte law,such conflict shatl rtot zft�sa�oti�er provisiors of this Scxurity Instrument or the I��NSe�x.hich can be �°t
<br /> ' given effect without the conflicting provisinn.To this���i c�:e provi�i�r�s of this Securiry Instrumers and the;��:�,r are deciared �
<br />::i�^Z:�,-� to be sever�Ie.
<br />`��"`: 16.�o��.*r's Copy.Borrower shnli be given cr�a:�formed:r.p j•of the Ncrte and of this�4�:�ity Instrr:J�^.t.
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