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<br /> � puymcnts m�y no longer bc rcquircd,at thc option of L.endcr,if niartgagc insuruncc covcragc(in thc umount und for►hc perind
<br /> . tliat l.cndcr rcyuires)provieic�d by an insurcr approved hy Lcnd�r agaitii becotncsnvnilable and is obtaincd.Borrower shall puy
<br /> .l lhe.premiums reyuircdto mointain m�rtgAge insurance in effect,or to providc A(oss rescrve,until thc requirc�ncntfor mortgugc �
<br /> , i insurHnce enils in uccordauce witu any written a¢reement between Horrowet and Lender or applicat�lc Inw.
<br /> ,���I �. InsNectlnn. l.cnder or its ngent may make rcasonableentries upan and inspections of the Propc�ty.Lendershall give
<br /> �� ���a�, Borrower notice at the time of or prior to an inspection specifying reasonable caase for the inspection. �•
<br /> 10. Condemnatlon. The proceeds of any award ot claim for damages,ditect or consequential,in coanectian with uny
<br /> ' � condemnationar other taking of any part of t0e Property,or for conveyance in Geu of car.�amnatioa,are hereby assigned und , =�
<br /> F shall be paid to Lt:nder. '`�-
<br /> A In the event of a total taking of the Property,the proceedsshall be appUed to the sums secured by this Security lnstrumant, _• ���
<br /> whcthcr or aot then due,with any excess paid to Bonower.In the event of a pardal takiag of the Praperty in which the fA'u �,ti
<br /> �' market valuc of the Pro er unmediatel before the tal�.in is e ual to or eater than the amount of the sums secured by tivs �'��=`
<br /> p tY� Y B 9 Br �a.�
<br /> �� Security Instrumentimmediatelybefore the taking, unless Borrower and Lender at�erwis�agree in writing, tlio sums secured6y e:�
<br /> , this Security Instrument shall be reduced by the amount of the proceeds muldplied by the foUowing fraction: (a) tha total '�:
<br /> q; amount of the sums sccured immediately beforc thc tal:ing, divided by (b)the fair mazket value of the Property immcdiately �'
<br /> � before the taking. Any balance shall be paid to Borrower.In the event of a partial taking of the Property in w�ich the fair ��,-�_.
<br /> _ ; markstvalue of the Praperty immedi�telybefore thc taking is less than the amount of the sun�s secwed immediatelyb�fore the
<br /> `' taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otlienvise providcs, thr proceeds shall �.:;r=-
<br /> ' ' .,�'�<; be applied to the sums secured by this Security Instrument whether or aot t6e sums are then due. =-
<br /> �;�;� If the�roperty is abandouedby Borrower,or if, after notice by Lender to Boreower that the condemnoraffers to u�uke an
<br /> �-�
<br />- awatd or settle a claim far damages,Bonower fails to respond to I.ender within 30 days after the date the notIw is given,
<br /> • � I.enderis authorizedto wUect and apply the proceeds,at ita option,either to restorationor repair of the Property or to fche sums =
<br /> � ��� secured by this Security Instrument,whether or not then due. �_
<br /> Unless Lender and Borrower otherwise segree in writing, any applicution of proceeds to principal shall aot extead or _
<br />'' ' � ost one the due date of t4ie monthl a ents referred to in ara a hs�and 2 or chan e the amount of such a ents.
<br /> Y P Ym P B� P S P Ym
<br />- . .j ,,�,` .• P PaI. docrower i�vi ncicd5cu;�v�.a�� �,i�-�--°��N4t�Wp,�yP�, R.�P�l�n�f thr time for nayrr�ant or modi6cadon
<br />°�' .� of amortizationof the sums securedby ttiis Security Instrumentgrantedby Lenderto any successor in iaterest of Borcoyver shall
<br />:>•;' not operateto releasethe liability of the original Bonower or Borrower's successors is�interest.Lende.r shull not be requiredto
<br />'�'`� � conimenceproceedings against any successor in interest or refuse to extend time for payment or otbonvise r�odify amortization
<br /> ���y�,.���.�.,_ ' of the sums secured by ttus Security Instrument by reason of any demand made by tbe original Barrower or Bonower's
<br /> �'^ successors in iuterest.Any forbearanceby I.ender in exercising any right or remedy shaU uot be a waiver of or preclude the
<br /> .�':a.c �,::. �
<br />�i..`��'{�;�':r . excrcise of any right or remedy.
<br />:;t',�;,�.;: �2. Su�cessors and Asstgns Bound; Joint and Several LiablUty; Co-stgners. The covenattts and agreemcntsof this
<br />�r-�,: Security Instrument shall bind and benefiY the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> _.,�:�., �,>,
<br />;�;;+M•,• , paragraph 17. Bonower's covenancs and agreements shall be joint and several. Any Borrower who co-signs tLis 5ccurity
<br />='�---OY�''`°��: Instrumentbut does not execute the Nnte: (a)is co•signiug this Security Instrumentonly ta mortgage,grant and convey that
<br />=��-i-� l3onower's interest ia the Property under the terms of this Securlty Instrument;(b)is not personally obligated to pay thc sums
<br /> -�-�;,`��-�•-� secuxedbythisSecurityInstrument;and(c)agreesthatLenderandanyotherBorrowermayagreetoextend,modify,forbearor
<br />�'`�'"w4'"�'`'�� make any accommodations with regard to the terms of this Security Instrument or the Nota without that Sonower's consent.
<br />'� �;f� 13. Loan Chaiges.If the loan securedby this Security�nstrumentis subject to a{aw which sets maximum loaa chargcs, _
<br /> � '� and that law is Rnally interpretedso that the interest or other loan charges collected os to be collccted in connecboa with the
<br /> _;;=�`;�",;�� loan exceed the permittedWnits, then:(a)any such loan charge shull be reducedby the amountnecessary to reducetha charge
<br /> • � tu dic:permitted limit; and(b)any sums already collected trom Bonower which exceeded permitted limits will be refundeclto
<br /> —""''�'w�� Bonower. L.ender may choose to make this refund by reducing the prinapal owed under thc Note or by making a direct
<br /> u=.�� payment to Boreuwer. If a refund reduces principal, We redttcdon will bc treated as a partial prcpayment without uny
<br /> ,._=.r�� prepayment chargc under the Note.
<br /> -,,;��:��� 14. No�ces.Any aodce to Horrowcr provided for ia this 3ecurity Instrumentshall be given by delivering it or by mailing
<br /> __��`�?�'� it by 6rst dass mail unless applicablc law requires use of another method.Tbe notice shcill be directedto the PropertyAddress
<br />—"�=�=�€-;� ■ or any other address Borrowcr designates by notice to Lender..Any notice to Lender shall be given by first class mail to _
<br />�s�.-
<br />_=�-``;'�'"":*, Lender's address stated herein or any other address Lendcr desi�ates by notice to Bonower.Any notice provided for in this
<br /> � T�...:�,��;�-.� " Security Instrumsnt shall be deemecl to have been given to Bonower or Lender when given as provided in this paragraph.
<br /> •-�.� ' 1S. Govcruing Law; Severnbility. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located.In the event that any provision or clause af this Se�urity Instrumentor the Note =
<br /> , cunflicts with applicable law, such conflict shall not affect other provisions of this Security Instrunuentor the Note wluch can be -_
<br />- given cffect without the wnflicting provision. To this end the provisions of this Security Iastrument and the Note are declared �:-�
<br />— . " '. ; �, to be scvcrable. �`_:
<br /> 16. Borro�rer's Copy. Borro�ver shall be given one conformedwpy of the Nate and of this Securiry Instrument. :`��
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