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<br /> pay�snb may no longer be nquited• at the option of[.ender,if�tactgage insurance ooverage(in the amannt aad for the p�iod < < `. ,
<br />. [hat L�der requires)Provided by an ias�erer approved by Lxuder again becomes availabl�aad is obtained. Borrower shau PaY -v —
<br /> th�premiums required to�aintain mortgage inc��.�++cE in effect,or W grovide a loss reserve,until the requesement for mor�gage , . '` _
<br />' inswrance eads in ar�cordanse wiYh azry�vri�e°ag�nten�betareen Borrower and Lender or apglicable law.
<br /> 9.Inspes!lon. Lender or its agent�ay make reasoaable entries upon and inspections of the Property. Lender shall give . >
<br />•- Borrawer�tix az the tims of or prioz to an insgeaion specifying reasonable cause for the ir.specxion. � .
<br />�` i0.Coad¢mnatton. The proceeds of any award or claim for damages,diaecc or aaascx�ueariai, ia coaaecuon wit�a aay �-�:-°—.;- -,-----�_-=-;-
<br /> condemaation or other taking af any part of the Properry,Qr for conveyance in liru of cocde�aiioa,are�erebY assig¢ed�1 r :`` . ,
<br /> shall be paid to I.ender. lied to the sums sewred by this SecuritY i*s.���*•��, ' - � � < �. . .
<br />� � In the event of a totai taking of 3he Progerry,the proaeds shail be app uu wIuch c�faiz ..:. . , '.:�. , �;
<br />. whether or not theu duc. with any raccess paid to�orrower. In the event of a gardal taking of the BrapertY � . ,. -- . '
<br /> marlcet vaIue of the Pmperty immediately befote the taking is eqaal to or greatcr than the amount of the sums securrd by ctnis _I , , . :�., . =
<br /> ' �ry inq.r•,�ment immediately befote the taking�unless Borrower and I.ender otherwase agree in wriang,t3►e snms scxase�by �;;.:
<br /> . -. ..:�:'
<br /> lie� the followin fia�xioa: (a) t�se tfltai �:,::. • ,
<br /> this Secutityr Instrumeat shall iu reduced by the amount of the praceeds multip bY g �mme�'!�ar.b: , ?; '.";�`: ;: _
<br /> • amount of the sums secured immediately before the taking,divided by tb)the fair masket value of the Froperry ' Y . '`_ :�:t"=.r `' ..•
<br /> before the talvng. Any balance shail �e paid to So:rower. In the ev�nt af a partia!taking of the Propeity in which dr.�f�r �- a���r--
<br /> :w,.:..
<br /> market value of the Property immediat�Iy before the taking is less than the amount of the sums sewred immediately 6efc�*�e ;`�-���:�_:-..
<br /> talting,unless Borrower and Lender a�erwise agree in writing or nalesv applicable law othecarise provides,the Pmce�-z� ._ •��=�;.,;�
<br /> :�:*h..=�.��: ;-
<br /> be appiied to the sams sec�ued by thls 3ezurity Insaument whether or not the snms are then due. . '�-�';r,�p�:;
<br /> ��prop�r is abaadoned by 8orrower,ar if,after aotice by Lender to Bormwer that the condemaea offers to a�3�� '.;:' ` t;,•"��—•
<br /> -. s after the da��e notioe is 2Y+�. �'=�"_ —
<br /> - awarc!or settle a claim for damages.Bormwer fa�s to respoad to Leader within 30 daY ___"�--``-_- T-_:. -�.._..
<br /> L.endsr is authorized w collxt and apply 4he pmce�ls.at iu option,either to iestorarion or�air of the ProPertY or te�:�s _ `� „�. --
<br /> • , seouted by this Secutity�natmme±±r whether or uat ihea due. `�' .°�`— _
<br /> U n l e s s I.e n d e r a n d B o m o w e r o t herutise a g r e e in writin�, anY $PPlication of proceads t�principal shall not exte�d or ;,-,�t.., � r,.
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<br />,- -• goy�tpone the due date of the m�snthly payments referred to in paraBraPhs 1 and 2 or change t h e amoun t o f s u c h p a y m e u u. ;-;a•-��,���,� .};,
<br /> ���� � 11.Borrawes Not R e leas e d;F o t b e a r a n ce B y L e a d e r N o a a W a i v e r.F.x t e n s toa of thetiu�ne for p a y m e nt or modificatioa ��...,#
<br /> ' of amaitir.arion of the sunos ser.�ued by this Secvrlty Insmimeat granted by Lender w aay�sor in interest of Bortower shaU ' _ '� :� .
<br /> t0 "�1' "._,. •..
<br />• nat operase to release the llab�iity of the original Borrower or Eorrower's successors in int��t. Lender shall not be mquired .�_.,. , • `�,.
<br /> .. commence praceedings a�ainst any successor in interesc or refuse to eMead tiar�for gayme�i or otheravise modify amortizatioa � .r�,: ;
<br /> �f' of the snms se�ured hy this Secauity Instrument by reasoa of auy demand made by the ori Borrower or Boirower's .. .;,>,'
<br /> ginal "�X"�, ,..., ;v
<br /> .. ,' successazs in interest.Any forbear�nce by I�eader in eaercising any right or remedy shall not be a waiv�of or pr�lude the '�.+: ��`-j, 'I-
<br /> ' exerci�eaf:my right or remedy. . • . �•�, .
<br /> � fl2. 4accessats an�Assl9rs IIa�ed;Joint an�Seve�al I.labWt9; Co-slgneis- '17t�coveoants and aareemem� ��this •�:.•.
<br /> Security Inst�ament shall bind anct. L�:.efit the successors and assi�ns of Lender and Borrower, suhje�t to the pmvfs��s of •. Y . `��t." �
<br /> .. Paxagraph 17. Borrower's covenagts aad agreements sLall be joint and several. Any Bonower who co-sigas this SesuritY � ,:
<br /> Instr�ment but dces not execute ti�Note: (a)is co-signing this Sec�ultY �^1e"t only to mortgage,grant and wavey that � �fl �;•
<br /> .. •�:��.�,�_
<br /> Boaower's interest ia the Property f�der the tetms o f t h i s S e c u r t ry I n s u u m e n t;(b)i s n o t p e r s o n a l l y o b Y i g a t e d t o p a y t h e s u m s .�s�(;.; y;�_
<br /> seaued by this Seciuiry � + w extend, forbear or
<br /> �•�:, :. insmimEm�aa�(a)a that Ixnder and any other Borrower m� :�ee , ,.�'''-;; ;.
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<br /> ��,.�. � make any accommodatians with re�rd to the terms of this Securlty insuument or the Note e�?"ront tLat Bosrower's conseat. ' �_�-
<br /> 13.a.a�n�ttur�.If the loaz�secur�d 6y ezis Securiry Insuument is suL•.;s�t to a law wluc]i stts maximum loaa charges, ' �J —
<br />� and that law is finIIllp i�stp�eted so�hat the iuv�.st or other loan charges caiiected or to be eollecud ia connection with the ����
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<br /> . lo�e�rd the pea���limite,r7u�ta)�Y s.�loan charge shall be rednced by the amouni necess�Y to reduce the charge �: .._
<br /> '• to the petmitted liatit;an�(b)anF �s alreadY collocted from Bortower whicb eacceeded permitted limits will be te�:.ded t,� • �'s,
<br />. . � Borrower. Lender m...r,. choose to make tbis re�d by reducing ttie principal owed under the 1Vote or by maltiII�� direct �°�_-_-�.::�:-:
<br /> � ' Payment to BoaoRr.�. �a refuad reituces pcUn�al. the r+eduction will be treated as a partial prepaYment without a�+
<br /> � :� [.;!`�.
<br /> � P�P�ent charBe�eii�the Note. �?•..
<br /> �'�� 14.Notices.Any aoflce w Eam�wer pmvided for in this Security Insttumcnt shall be giv�by delnsring it or by Amailin8
<br /> ::: it by first cla,s mail unless appUcstsle taw requires use of another method.The noace shall te dire�xed to the Property �.
<br /> or an}�other address Eoirower d�;r,.�ates by �tice to Lender. Any notice to l.ea�er s::all be given by first clags mail w
<br /> .'. `i' Lender's address ctate�herein or any other z�:ss Lender dasignates by ne�ce to Borrower. Aay aot�ce pmvided fot in this , -- _
<br /> s Securdty,Instrument yUail.he deem�d to i�ave t�s�ven to Borroaer or I.endr�when given as pmvided in th9s paraBraPh•
<br /> 15.Governing T,.�c�; Sear�r,DIlitY. This Securlt3' Insuument ahall [r�° governed by federal law aud the law of the
<br /> _ jurisdir,t�on in whicli tYte PrapecuE �located. In the event that any provision or clause of tLis Security Instmment or the Note ,��:
<br /> ...�,:: .�
<br /> ' conflicta with applicahIe[aw,sucls wnflict shall not affect other provisions of this Securiry Iasuument or the IVote ahlch can be :_ ,�,,,,,�,;,,,.,�.,,,.,
<br /> given effect�vtthout�e eon�llcdng provislon.To this en�d the provisions a�shia Security!� 1iie-^-r and the Note are declared �-,_{1Y+*_•_•�•.�•*.�.:-
<br /> �-��+qe+�..,w�•�n,�:-,—
<br /> to be severable. ��
<br /> 16.Borrower's Cmpy. Bomc�v�tr shall be given one conformed copy cf t'�e Note and of this Securt��insttument. �'*�s�;
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