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<br /> � paymcnts muy no long�r 6o rcqulrcd,ot thc opUon of Lc:ndcr.it mang�o insiirnnco covcrugc pn thc nmount and for Iho�rlocl ' �
<br /> that Lend�r re<Juire.�)providccl by n.�insurcr Fpprovecf by Lcndcr;�;iln becoj;ics uvailablc tuid is obwincd.Borrowcr shull pay 1ho "
<br /> ' , prcmiums rcquired to melntein mortgugo lnsurancc in cffcct� or to pr+ovldc a loss rescrvc, until tho rcquircmcnt for mongagc
<br /> „ lnsurance�nds in accordancc wlth any wrlttcn ngrccmcnt bctwc�n 9orrcDwcr nnd i.endr.r or appllcubic lew.
<br /> . 9,Inspectbn. Lcndcr or its egent muy makc rcb,onablo entrics upon tu�d inspccdUns of tho Propcny. L.cndcr,hnll givc �
<br /> , Aorrower nodcc et thc Wnc of or pdor to un inspaction spccIfying reasonablo cr,usc for the lnspecdon. -
<br /> ,, 10.CmndemnAdon. 'Ilic pr�occcds of any nwsud or ckiim f�r clmm�ges, dircct or consequential. in connecdon with uny
<br /> condcmnadon or othcr t�klnB of nny part of ihc Propecty,or for convoyonca in licu of condcmnabon, urc hcreby ussigncd tutd � -
<br /> . shall bc paid to I�nder. ..
<br /> � In the event of a tolal taking of�he Property,t1�e procceds shull be appl�ed eo the sums secured by this Security Inswment,
<br /> whether or not�hen clue.with nny eacess pald to aorrower.In tho event of n partlal Wcing of!he pr,operty In which tho fuir market �� •;� ,. �-
<br /> � � valae of the Property immediutcly beforc thc taking is equal to or great,er than the amount of ihe sums sccured by this Sccuriry �""'8�'"`"'�"
<br /> � Inswment immediately bcforc tho taking, unicss Dotrowcr and L,cndcr othcnvisu agree in writing,the sums socurcd by thls =;;�5=:,,�-
<br /> Security Instrument shall be reduced by the amount of the procoeds muldpHed by the following fracdon: (a) the mW amount of "°"''-�
<br /> the sums secut�l immediatcly befom the talw�g, divided by (b) tt�e fair market value of the Propc�ty immedletely beforc thc
<br /> taking.My bal�nce shall be paid to Borrower.In the eveat of a pa�tial taking of thc Property in which ihe falr market value of the I � �--
<br /> " Property tmmediately before tha tt�ing is less th.aa the amount of the sums secured immediately b�fore the seking, unless � """-
<br /> Borrower and Lender otherwise g apPlicable law otherwise pravides,the procceds shall be applied to the �������^
<br /> r�gree in writin or�nSess ��. .-�-
<br /> sums secured by this Security Instrument wheiher or not the sums ere then due. �°�__
<br /> � If the�;��rty is ubandoned by Bwrower,or if,aft�r notice by Lender to Boirower thae the condemnor offers to make an � �'.,__, _
<br /> award or sEt3?e A claim far damages,BQrrower fails co r¢spond to L2nder withlt►30 dnys afe:,r the date the natice i�given.Lender �
<br /> is authorizer�to coUect and apply the proceeds,at its option,either to reseorataon o�repafr of the Proyerty or to the sums secured ��
<br /> � by this Sec�uity Instrument,whether ar not then duc. .. ��. ,
<br /> Unless I.ender and Borrower otherwise agee in wridn8,anY aPPlkation of proceeds to principal shall not extend or po;tpone :'��'�-��'=�
<br /> • , d�e due date of the monthly payments referred w in paraaraphs 1 and 2 or chango the amount of�sch payments. `'
<br /> --°.:.°-:-__� ::.�a;o�"�:r:st�e��;;ri,rF,au�nce ny i.endxr Not a iA►atver. Hxtension of the ame for payment or moditicadon �,
<br /> , of emortitadon of the sums secured by this Securiry I�strument granted by Lender w any successor�n interest of Bocrower shai!
<br /> not operate to r�eleasa thc liabllity af th�original Boarower or Bomowcr's succes��s in interest I,ender shall not be roquired co
<br /> commence pcoccedings ageinst eny successor in inter„st oT refuse to extend tune for�ayment or otherwise modify emo�don of
<br /> tde sums scxaued by th�s Security Instruumment by reason of any demand mede by the original Balrowcr or Bornawer's sur,cessors �
<br />_ ., in Interest Any fnrbearance by Len�s in exer�ising any right or�nody shell not be a waiver of or preclude ihe exea�cise of any ?�
<br /> . dght or mmedy,
<br />_ . � 12o Sucrrssors swd A�aslgns Bound;Joint and Several Lta6iGty;Casignere. 'Ihe covenants and � � �
<br /> - Seciuity Instrument shall bind and benefit the successors and assi . ��ents af this
<br />_ 8ns of Lende_ and Borroaer. subJect w the pmvisions of
<br />. paragraph 17. Bomnwer•s oovenants and agrcemcnts shall be joint and sevcrnl, pny gamower who co-signs this Security �
<br /> _ ,„ Instrument but does not exocute the NDte: (a) is co-signing this Security Inswmcnt only w mortgage, gcant and convey that
<br /> :• . Borrower's int�erest in the Prroperty under the t�rms of this Securiry Instrwnent;@)is not personally ob l i gated W p a y the sums --- =- „`
<br /> ._ ,'�'`; secumd by thi�Security Inswmen�and(c)ag�ees that I.ender and any other BcNrower ma . _'-°
<br /> , �malce any accommodadms�s with z�egard to the t:e�ms of this 5ecuri�y Instrument or t3�e Nou witho�az Bomnwer's consen��or
<br /> 13.Loan Charges. 9�tho loan secur¢d by this Securiry Ins�mcnt is subjact to a law which selg maximum laan charges. —
<br /> and that la�is finally interpreted so that ahe intezest or other loan charges collected or w 6e collocted in co�ection with trie loan �
<br /> , excoed ttse r,permiuod llmits�then:(a}ang such loan ctaarge shall be�etuced by the amount nece.ssary w reduoe the charge to the
<br /> . pe,�nuurd limi�and(1b)any sums elready c�llected&om Borrower wriich e�cceeded pe�miued limits will be refunded to ltozrower. �• 4:- --
<br /> -. . �� �Y ���sE � �. this rcfund by reducing the principal owed undez the Note or by maldng a direct payment ro `� -
<br /> Bomower. If a rcfund m,duces principal, the reduction will be aeaned as a part�al prepayment wid►out an � �''
<br /> under the Note. Y Pl'�payment charge —
<br />— � . :.::;.-�----
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<br /> _ 14.Notk�es. My notice to BoiroweY provided for In this Security Instrument shall be given by delivcring it or by mailing it `�` ��:
<br /> ` �u:s,��..•--
<br /> . by firsa c.lass mail uuless applicable law requires use of another method.The notice shall be directed to the gropercy Address or � �� � -
<br /> � . • � any other address Borrower designates by notice to I.ender.Any notice to Lender shall be given by first class m1W to L�ender's ''�'"
<br /> .. addmss stated h�rein or any other addmss I„ender designates by notice to�orrower. Any notice prwvided for in this Security ."'` _-` . •�= ?A�
<br /> Inswmcrtt shall be dcemed to Itave t►een given to Borrower or Lender when given�provided in this paragraph. .' �-'r:•'� ` 'Y ���•.
<br /> , XS.Goverain LAw; .:.��'�;��.�-:...;:. _
<br /> 8 Severability. 'Ihis Sacurity Insmuncnt shall be govemed by fedaal law and the law of the :r...,3j.:a��r,� •
<br /> j�visdiction in which the Propecty is located. In the event that any pmvision or clause of this Security In�trument or the Note "'''`�� � -'`'=� `
<br /> contlicts witA npplicabk L3w,such coMict shall not affect other provisions of this Security Instrumen;�r the JJote whicl�can be � ' " ' "`�
<br /> Biven effoct without the coMicting pmvision.To this end the provisions of this Sec�vity Instrument aind the Note ar�e declared Lo �''�,.,;�,�,'•��`
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