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<br /> paynX�.s may ru�langer be ccquiral.at the cy�i�n��f Lcncicr.if nwrtgagc i�uur.uue caveraQe lin the anxwnt a�x1 f�u the peruxl
<br /> that Lcixler requices)provWecf by an insurer approvcd by l-ender+�ain becomes availablr a��J is obG►inal. Bc�rrawer shsll{�xY
<br /> the prentiw�u n�quirexl ta m+iittain ntortg�e insurance i�t eifaci. ur to protiick:a lass rc.sene.until tiu rc�uire»�2►u far�»oriB�:
<br /> inwrance ends in accordartice with uny written ugreement belu•een Barrow•er sutid Lender or upplicable law.
<br /> 9. xu�pection. Lende�or its�etu may mal:e rasanabtc cntrics u�x►n«nd �nspe.tions of th:Praperty. Lentter shall give
<br /> Borrowe�notice at the time of or prior to an inspeciion specifying reasonable cause for the iacpection.
<br /> 10. Coede�uas�tlou. The prc�cceds of any award or cl�im for damages,direct or consequential, in canneccion witi�any
<br /> condemnation or Wher tai:ing of any part of the Property.or for oanveyance in lieu of condemnation. ara hereby assignod and
<br /> sft�ll be paisl to Ltnder.
<br /> In the everu of a totrl taking of di:�ropecty,t�r procceds shall be applied to the sums secured by this 5ecurity Inswment.
<br /> u: •�,hec,zt not tben dae. with any ex,::�e paid t,ftoaower. In the avcnt of a p�tial taking of the Propc:¢y� �n which the fair
<br /> marl-c�c�:��a:of the Pcopeny imnx�'.ivtelv t�f,�iha tnl:itLQ is eyual to or gmater than the�tnouot of the sums s�'ured by th�s
<br /> Security Instrument inuneQiatr:y t+e`_'i�r�t�e tai:in�, unlass Ear�c��.�r:�d Lender otherwise agrte ia wrir=r.g.tb:.sur�s secu�'ou by
<br /> this Security Instromenc shall be re�:..�i bY the amouat �G'�e proceeds muldpfied by the iollowing fraraavn: (a) the total
<br /> anwuc►t of the sums secun�i �n�xiiatcly before the taking, divided by (b) ttu fair ma�'kei value of the Property imnxdiatdY
<br /> before the t�lcing. Any balance slwll be paid to Borrower. In the event�f a partial taking of thc Property in which thc f�ir
<br /> rnar{cet value of the Property immodiatdy before tt►e taking is less than the�ount of the sums securod imrnodiauly befare the
<br /> t�king. un(ess Borrawer�nd Lender otixrwise agree in writing or tuilcss applic�ble law otherwise provides. the procads st�ll
<br /> be applied w the wins socurod by this Sec�rity instivment whether w not the sums are then dut.
<br /> lE'the Property is abandoned by$orrower,or if,after notice by i.ender W Bartinwer ths�t the condemnor oPfor�to nw3ce w
<br /> award or setde a claim for dan�es. BoROwer fails to raporxl to L.erxfet withln 30 days aitu the date Qsa twtice ir�iven.
<br /> L.ender i�wthoriud to colloct and apply the pracoedy,at its opti�n,either ta rcstoratioa w repair of the Pn�pctty U�to the swru
<br /> securod by this Security Instrurnent.whether ar not tlKn due.
<br /> U�las Lender and Borrower oth�erwisc a�rce in writir►�. wry upplic�tian of proc�ds: tu principsl sh�ll n�x extand or
<br /> pastpwu tt�e due d�te of the monthlY paYments refCrrod ta in pnrayrnphti I And 2 ar chan�e the amount oi wch pryuunts.
<br /> !1.Borro�ra�Not Iteia�d;Forbarance By l.eadcr N�t�Wwlver.Facteaslon of the time for p�ynxnt ar modlficatian
<br /> of�nortirstion of the sums secural by this Sea:rity Iastnunenc arwued by l.a�dcr co ony suceessor in ioterest of Bocrowu slWl
<br /> not uperate to releise the lisbility of tbe original Borrnwer or Borrowu's successorx in interest. Leodtr stwll not be cequi�'ed w
<br /> ���prooeedings against any successor in int�erest or refuse to extend tiroe for payment or ottrsrwise modify amonization
<br /> of the wms secured by this SocuritY Instrument by reason of sny dem�nd m�de by the arigicwl Borrower or Bor�owar's
<br /> sucasson in inurest. My forbearaoce by L.en�ler ia eacercisin�aaY right or remody shal!t►ot be a waiver of oc preclude the
<br /> txercise of aay right or rw�edy.
<br /> 12. Succwoe� �od Assigoc Bwtind; Jaat aod Scweral Liability; Co-slgeers. The oovenants �ad stgtrements of tlus
<br /> . Security Tacttw�ttu s'�i'vind aad'oaicfii ii�r su�icnau.a ;�.� w:� �F:.�st� ar.t3 p.....••;s�:•;��, a�,ti�•rr t!►.l� pmvisic�ns of.
<br /> n..ror�nh 1T. Bor�n�rer's covcouus aad agra�enu slull be joint �nd several. Any Bormwer aho casigns dils Security -
<br />. I���t does aoi ezxute tlx Kote: {a)is co-signing tl�is Security Iastxumcat ody to mortgage.grast aad com'eY wsi
<br /> Borrower's intaest in the Pcoperty under the temis of this Securiry Insu�u.zxr.t:(E)is not pcxsonally obligated to pay tbe suu�s
<br /> savred b}tbis Sec'�ritY Instnunent;and(c)aSrces tLat Lender and ar,y ott�er B�rrower rruy���stie to extwd,modify,fodxar or
<br /> mn4e�};��,,,�—==-+�_=�with regard w the tenns of this Security Inununeac or i.he Note witlw�ut tl�at Borrowu's cons�at. .
<br /> �3.i,�('�.If the loaa secural by tl�is Security Lutrument is sub}ect to a law which seis mveia�wm laan�twrg�s. .
<br /> and that L'aw is final.v interpretod so that t1u interest or other lou�charges wllected or W be collected ire�vunection vrri�h tltie
<br /> lo�n ezceed the permitted limits.then: (a)any sueh��charge shall i�e reduoed by the�nount nocessarY W reduoe the ehatge
<br /> to the permitted limit;aad (b)anY wmc already calkcted from Borrower which eaca�ded pemiiued limits will be refunded W
<br /> Borrower. Leader may choose to malce this refuad by raducing the principa] owod under the Note oc by making a ditexi
<br /> � payment to Borrower. If a refund reducts pri�a1, the rod�ction will be ueatod as a parcial Dtrpays�eat without �ny
<br /> prepayment chuge under the Note.
<br /> 14.Notieec.My notice to Bonowu pmvided for in this Security Insirument shall be�;even by deli�ering it or Fsy mailing
<br /> it by fitst class mail unlas applicable law requires use of another method. The notice s1�11 be diroctod to the PropertY Addras
<br /> or any other address Borrowu design�tes by notia to I.ender. My notice to Lender s1�11 be giveu�y+ first class taail to
<br /> I.eader's addrcss statad henin or any other�ddress i.ender desigmus by nolice to Borrower. My notice providod for ig t�is
<br /> Secwity Inswment shall be deemed to have been given to Borrower or Lenda when given as provided in this paragrapb•
<br /> 15.Govemio� I.aw; Sevuability. 'This Security Instrumeat shall be govemed by federal law and thc l�w af the
<br /> jurisdiction in which:he Property is located.In the cvent that any provision or clause of this Security Insuum�nt or the Note
<br /> ooaflicts with applicabk law,such oonflict shall xtot affect other provisions of this Secutity Instrument or the Note which caa be
<br /> given effax wiihout the conflicting provision.Ta this end the provisions of this Socurity Instrument and the Note are deelat+ed
<br /> w b�severable.
<br /> lb.Bormwer's Copy.Borrowu shall be givea one coaformed copy of the Note and of this Security 1�utiumenc•
<br /> r•o�ar,�a stsv
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