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<br /> . puyments may no longer bc requircd,at thc aptlon of Lendcr,if rnortgag�insurance coveragc(in thc amount and for the pertod ,
<br /> that Lender reqtdres)provided by an tnsurer approved by l.euderegaia becomes avail�ble und is obtalasd.Horrower shall pay • ,
<br /> the premiumsrcquiredto maintainmortgage i«surance in ctfect,ot to provide a loss rescrve,until the requirementfar n�ortgage _ .
<br /> l insurance ends in accordance with any written agreement betweea Borrower and Lender or applicublc law. ��
<br /> . 1 9. Inspection. Lenderor its ngcnt may mnke rcnsanablcentrfesupon and inspections nf thc Praporty.l.ondcr�hall givo
<br /> Borrowcr notice at the time of or prior ta nn inspcction Rpecifyi►tg rcasonable cause for thc inspcctian.
<br /> -• !0. Condemnwtlon. Thc procecda nf nny uwnrd or clnim for dnmagc�,dlrcct or conscqucntiul,In conncction with any
<br /> candemnutlonor othcr tuking of nny pnrt of thc Aroperty,ar for wnvcyuncc in licu of condemnntlon,are ucreby nssigned and
<br /> shnll bc p�id to Lcndcr. `� � ' ' �
<br /> [n the evcnt of a totul taking of thc Property�thc pracccdsshall bc apnUcdto the sums secwedby this Security Instrument,
<br /> whcthcr or not¢bea due,with any excess peid to Elorrower.ln tho event of a partial taking af the Property in�which thn fnir •• : > ��r���.;�.•-
<br /> markct valuc of the Property immediately bcforc the taking is equd to or greater Wan tLe nmount of Ihc sums secured by this , .. �''�``�y''��-�
<br /> Security Instrumeatirnmediatelybefore ehe taking,unless Horrawerand l.ender o�horwise agree in writing, the sums securedby _�:M:., ��__
<br /> this Security Instrument shall be reduced by the amount of tb.�proceeds multiplled by the following fsactian: (a)the total .. ,,�.;=�:7-u-=
<br /> amount of tbe sums secured immediately before the taking, dividcd by(b)the fair market value of the Property immediately " '''-'-R
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<br /> , bcforc the taking.My balanse shal!be paid to Borrower.In t�ne ewent of a partial tuking of the Property in wluch the fuir � -- ,
<br /> matketvalue of the Propert}+immediately before the taking is less than tlne amount of thc sums secured immediatelybefore the __.
<br /> taking, unlrss Honower and I.ender otheraise agree ia writing or unless applicable law otherwise provides, the proceeds shall ,.:�;,;:�__ _
<br /> be applied to the sums secwed by this Security Instrtssnent whetmer or not the sums t►re then ciue. •"' �'
<br /> If the Properry LS ubandoncdby Borrower,or if, after nodce by Lender to Banower that the condemnoroffers to make an •u,: ='�"��
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<br /> �� ' � award or settle a claim for damages,Borrower fails to respon=3 to Lender within 3U days after the date the notice is given, ,:.,.�
<br /> ' � a.. Lenderis authorizedto collect and apply the proceeds,at its opdon,either eo restoradonor repair of theProperty or to the sums :•,�'�1,;;�
<br /> •�, secured by this Security Instnwient,whether or not then due. ��'�`•'�'
<br /> Unless Lendec and�o,aower aWcrwisc agree in v�idng, anY application of proceecis to principal�hall not extend or .'��'��„�,�':.,;,o,,,,� -.
<br /> � postpone the due date of the monthly payments referred to in parngraphs 1 and 2 or change the amount of such payments.
<br /> Il. Barrawer Not Ateleased;Forbearance Sy Lender No� a Watver. E�ensiou of tho time for payment or modification
<br /> _ ;;._.� ag�������q�p S��g�r,�rP.�by thic Secwity Instrumeatgarentedby Lenderto any successoria iaterestof Bonowerahall , _ '•_
<br /> : not operateto releasethe ltabiliry of the original Bonower or Bonower's successors in interest.Lendershall not ht requiredto :� ,
<br /> "�`� commenceproceeding�agai�cst any successor in interest or refuse to extend time for payment or otbernise modify amortization ;
<br /> � of the sums securetl by tlus Security Instrument by rearon of any demand made by the original Bozrower or Honawer's '• �
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<br /> successors in interest.Any forbearanceb}�Lender in exercising any right or remedy shaU not be a waiver of or preclude the �
<br /> . . exercisa of any right or remedy. �
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<br /> � �� 12. Sucxeasor�Rud Asslgna Bound; J�t and Several IJtbWty; Ca�lpers. The covenaats and agreements of this
<br /> ' ' Security Instrument shall bind and bene8t the successors and aasi�s of Lender and Borrower,subject to the provisions of ���
<br /> paragrap'h 17. Bonowcr's covenants and agreements shall be joint and several. Any Sorrower who co-siAns this Security '::
<br /> -� Instrumentbut does not execute the Note:(a)is co-signing this Sectuity Instrument only to mortgag�,grant and convey that ;
<br />= Bonower's iaterest in the Property under thc terms of this Sect�sity Instrument;(b}is aot personalty obligated to pay We sums ��H�,.-� �
<br /> ;� securedbythisSecurityInstxumeat;and(c)egeesthatl.enderandanyotherBorrowermayagreeto extend,modify,forbearor �"�
<br />- ��� �' •�- ; make any accommodations with regard 2o the terms of this Security Instrument or the Note without wat Bonower's consent. __
<br />-' - y, ' 13. Loan Ch�rges. If the loan secured by this Security Instrumentis snbject to u law which sets ma�rimum loaa caarges, _
<br /> '""'� �• .� �,;1. . , and that law is finally interpretedso that the interest or oW�r loan charges colleded or to be colleded in connection with the __—__
<br /> =� � ' loan e�cceed Uae permittedlimats,then:(a)any such loan chazge shall be reducedby thc amount nccessary to reduce the chazge =��.
<br /> .�! . to the permittedlimit;and(b)eny sums already collected from Eorrowerwlrich exceededpermittedlimits will be refundedto =-� �
<br /> � Bonowcr.Leader may clioose to make this refi►nd by reducing the principal owed under the Note or by making a d'uect F.��
<br />',•...�`, ` payment to Bonower. If a refund reduces prinapal, the redudion will be treate.d as a partial prepayment without aay 6?=_
<br />-_- - • prepayment c�arge under the Note. � �_
<br /> ., • 14. NoHoea.Any notice to Bonower provided for in this S ecuriry Inscrumentshall be�iven by dtlivering it or by mailing
<br /> " •• . it by first elass mail unless appHcable law requires use ef anothermethod.The notice shall be direetedto the Property Address -----------
<br /> �'M'`'"'� or uny other address Borrower designates by notice to Lendea.Any norice to I.ender shall be given by first class mail to ..°�_— __
<br />- � , `t � �} Lender's address stated herein or any other address l.eader desigaates by nodce to Bonowar.Any no6ce provided for in this �_a�-----��
<br /> - � �1 Security lastrument shall bc deemed to have been given to Borrower or I.ender when g'�ven as provided in this paragraph. `:======� —
<br /> � 15. Govereing Ls�v; Severabllity. This Security Instn�nent shall be governed by federal law and the law of the � -�
<br /> +�j ' jwisdiction in which the Property is located.In the event Wat any provision or dause of this Security Instrumentor the Note c5"�`+��'=-
<br /> r�; conflicts with a licable law, such conflict shall not affect other provisions of tlus Security Instrumentor the Note which can be -''���- �._-----"'^
<br /> `�) givcn effect without the conflicring provision. To this end the provisions of this Security In�trumeatend the Note are dedazed �:��;;.�� � :s~+_
<br /> ' to be severable. 'k''`'.t� ""'."'`�
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<br /> �� 16. Borraorer's Copy. BonowershaU be given one conforn�ed copy of the Note and of this Securiry Instrumen� �`'•�"•�''�i:!r.f" •
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