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<br /> � ' et tha nption of l.c:ndar, iI mortgego ineurance coverego (in the amount and Por the period that L.ender requires) � -
<br /> provided by en insurer approved by I.ender egain becames aveilabla end ie nbteined,Aorrawer Ahall pay the premiume ��-,',�_
<br /> required to maintain mortgego innurance in eYtect, or to provido n losa rescrvo, until the requirement tor mortgage •,,_.
<br /> ; insurance ends in accordenca with eny written agreement banvsen I�urrov�er and l.ender or applicable lew. •�X r;
<br /> . 9. Inepec�ion. I.endcr�r itr.aqent muy malce reu�nahle entries upon end ins�tions of tha Proporty�.Lender ehnll
<br /> givo liorrowor noticoet tho time of or prior to an inepection specitying rcasonable cause tor the inspection, , 1`�
<br /> � � 10. Cond�mr.otica.'The proceed9 of eny a�vard ar cleim tor demages,direct ar consequential,in connection with ��_�_
<br /> ' y eny condemnetion or other taking ot any part of the Property,or ior c.onvey�nce in lieu o[candemnation. are heraby ..,y:,K
<br /> � �' essigned and shall be paid to Lender. ;��`�_—
<br /> In tha avestt of a totel teking o[ tho Proparty, tho pra:eede ehell be opplied to tho eume secureA by thie Security .j�
<br /> lnstrument,anc�ther or not then due,witl►any exccss paid to Borrower.In the event ot a partisl teking of the Prop�rty in --
<br /> �vhich the 4eir rnerkot velue oi the Praperty immediately before the taking ie equel to or greater than the emount ot the _ .--
<br /> , aume secuced by thie Security Inatrument immediately betore the taking,unless Borrowar and Lender otherwise agree • _
<br /> � in writing,the sume secured by this Seeurity Inetrument shall be reduced by tha amount ot the proceeda multiplied by _
<br /> •; the tollowing frection: (e)the total amount oi the sums securea immedietaly before tho taking,divided by (b)tha fair
<br /> � �i markat value oi tho Property ixnmediately before the taking.Any halar;ce a1ia11 be pnid to Horco�ver.In the event ot a __
<br /> . -'r, partiel taking ot the Property in which the fair markot value of the Property immedia�cely before tha taking ie less than ,. y,_
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<br /> the amount of tha sums securcd immediately before the taking,unlese Borcower and I.eader otherwise agree in writin� :. .. .
<br /> �� • or unless app�ica�la lew otherv�ise providea, the proceeds shall be applied to the eums sccurcd b}� this �ecurity
<br /> ," Instrument whether or not tt�e sums are then due. - ::''"
<br /> If the Property id abandoned by Borrowor.or if,after notice by L.ender to Borrower that tho condemnor offers to ,;:_��_
<br /> � make nn nward or sottle n claim for damages, Borrower Pails to respond to L.ender within 30 days after the date the ____t._•-_
<br /> notice is given.Lender is authorized to collect and apply tho proceeds,et ite optiun,either to reston,tion ot repair of tha '�'_`
<br /> Property or to the sums secured by thie Security Instrument,whether or not then due. ••.>�
<br /> Unless Lender and Borrower otherwi a�n rete trnd�to n para�raphe f lpand 2 or chengep the amount �f su h 'r°Ya��
<br /> � "�, postpono the due date ot the monthly p y � `_�
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<br /> � paymonte. __.`-
<br /> �� 11. Boreower Not Released; Forbcarance By Lender Not � Waiv�r. Extension o£the time for payme�nt or �
<br /> �f modification ot ernortization of the sume secured by this Security Instrument granted by Lender to any successor in
<br />- i ;.,*P,�r �f Rnnower shnll not onerate to release tha liability of the original Bonower or IIorroaer's suceessrn's in
<br /> '� inter�st.I.ender shall not be required to commence proceedings against any successor in inioresi ur raiu�i�:.e't..'ss,a. -
<br /> " � �' time�or payrrsent or otherwisa modify amortization of the sums secured by this Socurity Instrument by reason af any
<br /> � demand made by 4he original Borrower or porrower's successflre in intecest. Any torbearnnce by Lender in exercising
<br /> • • any right or temedy shall not be a waiver of or preclude the exercisa of any right or ramody. -
<br /> `. D2.Successore aad Assigne Bouad;Joint and Several Liability;Co-siguers.The covenents end aEceements _
<br /> �°'�`�- of this Security Inetrument shall bind and benefit the successare and assigne of Lender and Bonower,subject to the _
<br /> , '�"� �•� ' provisione of paragreph 17.Borrowor's covenants and agr�:mente shall be joint and several..At►y Boaower who co'si�na � �
<br />- - , thie 3ecurity Inatrument but does not execu�the Note:(a) is co-signin�thie Security Instrument only to mortgage, '�`
<br />-. grant and convay that Barrowes's interest in the Property under the terms of this Security Inatrument;(b) is not
<br />=� personally obligated to pay the sun�e sec��d by this Security Instrument;and {c) agree.s that I.ender and any other
<br />�� ; Borrower may egrea to axtend,madify,forbear or rnake any accommodations with regard to the tetms oi thio Security -.
<br />'`�-``-�•- � � � Inatrument or the Note without that Bonower's consen4. �"`�'
<br /> - ,''� ' '''' l3. Losn C6uges.If tha loan eecured by this Security Instrument is subject to a law which sats maxim�m loan
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<br /> _:., , , charges, and that law ie finally interpr�ted so that the interest or other loan chnrg�collected or to be collected in �_ _
<br /> j�+x`` connxtion with tl�e loan exceed the permitteci limite, than: (s) any such loan charge shall tso reduced by tha acnount _
<br />'�.�� � ��� -'* neces�ary to redua tha charge to the permitted limit; and (b) any sums alresdy collected from Bonower which �_
<br />�"" ' ' oxce.�ed permitted IimitE will be refunded to$onower. Lender may choose to rnnka thie refund by redtncing tha
<br /> ��•... . ` principal owed under the Note or by making a direct psyment to Bon�wer.If a retund reduces principal,the reduction �_��
<br /> r �,. g will be treated os s partial prepayment without tu►y prepayment charge under the Note. _
<br /> -- 14. Noticea_My notice to Bonowar provided[or in this Security Instrument shall be given by delivering it or by _
<br /> ;"°s.:�.,.
<br /> .�.a�-.4�' meiling it by ficst class mail unless applicflble law requires use of another method.The notica shell be directed to the =_
<br />�• "`'�� ,�* Properiy Address or any other addres3 Borrower designates by notice to Lender. Any notice to Lender ehall be given by �;,.__ _ -_
<br /> !:t'L�:v� '.
<br /> fi'�: '� firet class mail to Lender'a sddtess stated herein or any other address Lender designates by notico to Aorrower. Any _.__.—„-____
<br />- notice provided for in this Security Instrument shall be deamed to have been given to Borrower ar L.ender when given ��,st;=._s__.�--�--
<br />- as provided i n this paragr�ph. ���°"�`-°�"'�w�;
<br />_ ' �. 15. Govern�dng Law; Scvorebility.'fhia Sccurity Instrument shall be governed by federal 1aw and the law of the — _
<br /> - jurisdiction i n which the Property is located.In the event that any provision or clause of this Security Inetrument or the '�� �_,�'S'�'
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<br /> Note contlictsrvith applicable law,such conflict shull not affect other provisions ot thie Security Inetrumentor the Note '.:._r��.r` .,� �:�,
<br /> • . � which can be given effect without the conflicting provisiun.To this end the provisions of this Security Instrument and 4 ._
<br /> the Note are decl�red to be severable. �"�;��..°.n;,z.�'>r.�
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