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<br /> paymenu may no longer be required,at the option of Lender. if mongage insurance coverage 1in the amount and for the period :� , . �
<br /> �-t-
<br />� --- ttx�t Lender requiresl Dmvided by an insurer approved by Lender again becomes available and is obtained. �onower shall pay ° �'�:�; .�;,,.' -
<br /> the premiums required to maintain mortgage insurance in et�eri.ar iu pror•ide s!o�,r�r"e.iantil the requirement for martgaae •:`��� -' �_,'!"'f�
<br /> ,�.,,�..
<br /> . insurance ends in accordance with any wrinen agreement beaveen Bormwer and Lender or applicable la�v. ,,__,__
<br /> 9,liupection.Lender or iu agent may make reasonable enuies upon and inspections of the Propeny. lxnder shall give -;.._��,
<br /> pec '' '.`. :"4• � .
<br /> ' Borrower notic$ac the time of or prior to an inspection specifytng reasonable cause for the inspection. _; ,
<br /> 10. Condem�arion.The procceds of any award or claim for damages. diren or���I�ential. in conneccion with any _,��.,���::•
<br /> condemnation or other takina of any par[of the Property.or for conveyance in lieu of condemnation, are hereby assigned and "P"�--� {W
<br /> . T r•.�
<br /> shall be paid ao Lender. �i��a�e s�s��by chis Security Ins[rument. - � y` - - �--
<br /> � In thc event of a total taking uf the Property.the prdceeds shall be app� •'.� ' �.:i�_.._�:�-•
<br /> whether or not theri due,with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair � Y ���
<br /> �K-,;.,.Q:, �....,...-.,�...,,.
<br /> � m a rket value of the Progerty immediately isefore the talcing is equal to or greater than the ayno�ant of the sums serured by this r, �•- �;�
<br /> ,.z.,. ��.:
<br /> . Security Instrument imsnediately before the ral:ing•un�ess Bonower and Lender otherwise agree i n w ri ting,the sums secured by �*
<br /> �is gec�rity insirument shall be reduced by th�e amount of the proceeds multiplied by the following fraction: la) the total �-`.:'��f ,J_� �_.__ ,
<br /> amount of the sums secured immec#iately before the taking. dividtd by(b)the fair marlset value of the P�pe �c1°}°�e f i '�,�u� " :`� °`.-�'°'_
<br /> - before the takin8• Any ba!?nce shaIl tre Faid to Borrower. In the event of a partial takinS of the Property .�,��n_�._.-�_-�`_,__- `
<br /> market value of the Property ecnir.eciTately tsefore the takin�is less than tt►e amount of the swus secured isnc•"•�iate(y before the �F��;=._ .
<br /> taking,unless Borrower and Lender otherwise agrce in writing nr unless a�plicable Inw otherwise provides. the proceeds shall
<br />• � be applied ta the sums secured bY this Secun4y Inshument whether or not[h�sums are then due. - _�.
<br /> . . If the Property is abandoned by Borrower.or if,after na�ce hy Lxnder to Borrower that the condc�mn3r offers w make an �`.r-
<br /> award or settle a claim for dama�es. Borrower fails to res�rsi to Lender within 30 days after the datp �+-e notice is given, ,•.`�i���',,_
<br /> Lender is authorized to coltect and apPly the proceeds.at its�-tion,either to restoration or repair of the�"roperty er tr tit�SUIIi$ C li�s�.r�� w_
<br /> s e c u r e d b y t h i s S e c u r i ty Insvument.whether or not then due. �}� �' `, t�'=: ;
<br /> - Borro�ver otherwise a�rce in wriUng, any app licarion o f p r o ce e d s t o p r i a�a l s h a l l n o t e x t e n d o r �. ,�?�,,•``�
<br /> , Unless L.ensEer and .���'0"�''`V"�''-'-,°��z�?�,^'`
<br /> �c�:ferred to in paragra�phs 1 ar►d 2 or change the amount af such paymeats. ��' F,-,:-
<br /> postpone the due date of the inonrhly paym_ `�"'
<br />- � 11.Borrower:�lot Ael��'�By�d�xOL a W�ver.E�ctension of t.he time for payment or modification •'°'-5•�
<br /> r�s��t�a r. . .
<br /> � - of amorti7ation of the sums secu���y t�"s�'�ty�me°t granted hy Lender to an�a �+�:c.essor in interest of Borrower shall ��., _;,;. ._�__
<br /> not operate to release the liability ef the ori�l Borrower or Borrower's successois ia c�:rest. Lender shall not be required to `��.t.:,�,, _., .": -
<br /> cummence proceedings against�y successor in interest or refiue to extend rime for pay�ment or otherwise modify amortization
<br /> . of the sums secured by this Serusiry Instrument by reason of any demand made br� 3�e original Bortower or Borrower's _
<br />' suaxssors in interest. My fvr�nce bY Lender in exercesing any rig6t or remedy��.:3:1 not be a waiver of or preclude the _
<br />� �.' exercise of any right ar remedy. eements of this i`•� ' �-
<br /> 12. Successo4 s aud �ss���a�d; JoIn3 sutd Several Liability; Co-signe►s. '[7ie covenanu and agr . ,.,
<br /> . Security Inswmeat shall bind and benefit the successors and assigns of l.ender and Borrower, su�ject to th� prov�sions of ' � '�•��'
<br /> • h 17. Borrower's covenants and agreements shall be jaint and several. Any Borrower v��� 6TS-s�Sns this Security ��`.�'' �'
<br /> _ P�BT�P y �n ��t��canvey that �,:,'-:-.-- ,
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument oni to mo ., i��� 6F'Ct. _
<br /> y fr'::.':`.
<br /> under the ternis of this Security Instniment; (b)is nat�ersonailp os!�gated t�pay the sums +�;�A+y��;{->�-•r;'�:='_ `�
<br />' " Borrower s interest in the PropertY 7a'''�''`�f�'''';•,,�� �
<br /> l�(��n��
<br /> : , secure�by this Security Instniment:and(c)agrees that Lender and any other Borrower rr•;.agree to ex".�-nd•mod�fY�forbear or �s�v���;,. � .;�. .Y„�. .
<br /> � make any accommodarions with regard to the terms of this 5ecuriry Instcument or the Ncw nitkeua�Y;�.IDorrower's consent. e�E ,� l =
<br /> '• � 13.Loan Cha►ges•If the loan secured by this Security Instrument is subjed to a:�'.:whia'�s�s:na�cimum loan charges. 'r, �� ���
<br /> � and that law is finally interpreted so that the interest or ot her lo a n char ges co11ected�s ta be�°11ected �°�[�ce°�e h �e � t, `
<br /> S:'. . s; ' `�.
<br /> ' , loan exceed the permitted limiu. then: (a)any sach loan charge shall be reduced by the amount necessary �€ ����'' ` _
<br /> � � ta the permitted limir and(b)anY sums already collected from Borrower which exoeeded permitted limits wiU be refunded to q�:��_
<br /> Borrower. Lender may choose to make tl:is refund by reducing the principal owed under the Nate or by making a diret� � � . ��� __
<br /> payment to Borrower. If a refund red�= principal, the reduction will be treated as a partial prepayment without any ,P,.�,,,�•
<br /> �-,, . ;_
<br /> .. ptepayment charge under the Note. • '"�� �r`="" ,-�
<br /> 14.Notices.Any notice tr�Bottower;�ovided for in this Security Instrument shall be given by delivering it or by mailing M�` ��"..�..,.
<br /> • it by first class mail unl�s.:�i�:xble ls-��r,�,.ires use of another method.The notice shall be direcx�d to the Property Address _____'.� . t
<br /> or any other adda� Barro�er des��rates ��i notice to Lender. Any notice eo Lender shall be ��+en by first class mail to �"�:+�;,�„�
<br /> � Lender's address sta[ed reni::or any other address Lender designates by notice to Borrower. Any notice provided f�or in this _�:��, ,
<br /> � � Security Instrument shall be u::med to have been given to Borrower or Lender when given as provided in this paragraph. . �*
<br /> "-1 15.Governing Luw; Severability. This Securiry lnstrument shall be govemed by fe�leral law and the law of th� ^5,:, �. --
<br /> . � jurisdiction in which the Property is located. ln the event that any provision or clause of this Security lnstrument or the Note _�,`i��'.
<br /> • conflicts with applieable law,such conflict shall not affece other provisions of this Security instruc�rxr.os the NIote which can be �,�,,_�;.___-�.
<br /> .°�.�' r•:.::
<br />, . '' • given effect without the vonflicting provision.To this end the provisions of this Security lnstrum:r'.and the Note are declared �a�;�V
<br /> to 6e severable. ''` �. •
<br /> e
<br /> 16,Borrower's Copy.E��r-�r�f:er shall be given one wr:formed copy of the Note a�d of this Security lnstru�erz• „
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