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<br /> - - - - paymems mAy no langer be required.at the optfon of Lender,if mo��tgage inaura�kc covcrAgc(in thc umount and for thc pe�iad
<br /> that Lcndcr roquires)providod 6y an insurcr approvod by I.ender aguin becomes evailabie and is obtaine�. Borrower shall pay
<br /> thc premipms reyuirod to maintain mottgage insurancc in effoct,or ta providc a loss reserve,until thc requircmeot for mort�age
<br /> � insur�nc�ends in accordance with any wr�tten agreement between Borrower end Lendcr or applicable law,
<br /> �.•_,� 9.Inspection.Lender or its agent mey muke reasonable entrfes upon and inapections of thc Praperty. l.ender chall Qive
<br /> `., Bonower notice at the time of or pdor to an inspection specifying masanable ceuse far the lospec�ian.
<br /> � `" 10. Co�uiemnatlon.Thc proceeds of ttny uwurd or cls�m far dnmages, dlrect or consequential, in connccti�n with any
<br /> --- --- _ -- - �
<br /> �� condemnatlon or other takin�uf any part of the Pmpeny,ur for convoyance in lieu of candemnatian. are hereby ussi�ned and
<br /> ah�ll be paid to I.ender.
<br /> ;,- In the event of a total taking of the Propeny. the praceeda shall be applied to�he sums secured by this Secu�i�y lostrument,
<br /> -- - -'��� whether or not then due. wlth any excess paid to Borrawer. In the event of u partial taking of the Property ic�which the fair
<br /> '�'°'-"'0"--''"`�"�� merket vnluc of thc Property immediately before the taking is equul to or grcatcr than the umount of the sum4 secured by this _
<br /> -�--- -- 5ecurity Instrument immediutely hefore the IAking, unless Borrower and I.ender otherwise agrce in writing. the sums secured by
<br /> f �"°"`°M`"""'`'`'�"� this Secu�lty Instn►ment shall be reduced by the amount of the proceeda multiplied by the fallawing fraction, (a) the tatal
<br /> �.s..�.�,� —
<br /> --`�:" amount of the sums secured immediately before the talcing. divided by (b) the fair market value of the Property immediately
<br /> —.�i;�:� before the teking. Any balence�hall be peid a Borrower. in the event of a partial taking of the Property in which the fair
<br /> -__-__�'�=;_�=��-��i°° market value of the Property immediately befare the taking is less than the amount of the sums secured immediately before the
<br /> —__ taking, unless Bc�rrower and l.ender otherwise agree in writing or unless applicable law otherwlse provides,the praceeds shall
<br /> be ppplied to the sums secured by this Secu�ity InstNment whether or not the aums ure then due.
<br /> If the Property is abandoned by Borrower,or if, after ncKice by l.ender to Borrower that the condemnur uffers to make an -
<br /> �:-' , i•�.= � award or settle a claim for damages, Borrower fails to respand to Lender within 30 days after the date the naic� is given, -'
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<br /> ., y;�, ;L_ .,;-..;,. ,., l.ender is authorized to collect end apply ttie proceeds, at its optlon,either to restoration or repalr of the Propeny or to the sums
<br /> . �;'°:�:� . °:,�,��,;��. secured by this Securiry Instrument,whether ornot then due.
<br /> �` b�.�•%���- -•��`�� Unless I.ender and Horrawer otherwise Qgree in writing, any applicatian of proceeds to principal shall not extend or —
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<br /> __u ��. pastpone the due dnte of the monthly payments referred to in paragraphs I and 2 ar change the amount of such payments. --
<br /> y . .,,j.. �;: 11.Borrower Nat Released;Forbearance By Lender Not a Waiver. Extension of the timc far payment or moditication =_
<br /> -.+ � •:�%�:.�� ��-�� of amortization of the sums secured by this Security Instrument granted by l.ender to any successor in incerest of 8orrower shall
<br /> , �- not operate to release�he liability of the original Borrower or Borrower's successors in interest.L.cnder shall not be required to
<br /> • �:;; ` commence proceedings against any sucxessor in interest or refuse to extend time for payment or otherwise modify amortization
<br /> __ _ of the sums secured by this Security lnstrument by reason of any damand made by uie origlnal Borrower or Borrower's
<br /> ':.�',,. _=_�=T---- .,-� ;�.�° successors in incerest. Any forbearnnee by Lender in exercisin$any righi ur rcnKxly eiiuit uot bz e waiver af or prcrludc tlic
<br /> , �..' ; esercise of any right or remedy.
<br /> ,� 12. Successore and Asslgos Bound; Jolnt And Several Llability; Co-signers. The covenants and ngreements of this
<br /> -� � " , Securlty instnrment shall bind and 6enefit the successors and assigns of l.ender und Bc�rrower, subject to the provisions of _
<br /> ; ;�Y ' � • paragrnph 17. Borrower's covenants and egreements shall bc joint ond severnl. Any Borrower who ca-signs this Security
<br /> � , , . Instrument but daes not execute the Note:(u)fs ca•signing this Security Instrument only to mortguge,grant and convey that
<br /> „., . ,�,,.,,;�f�,: Borrower's interest in the Property under the teRns of this Security Instrument; (b) is not penonally obligatcd to pay the sums r,;
<br /> _ ..:��.�_.. � .. secw�od by this Security Instrument;and(c)ugrees�hat Lendcr and uny other Borrower mnv aRree to extend,modify,forbeur or
<br /> .. b �,:�t.z+:.R-.►��'°�'�' malce any accommaiations with regard to the terms oP this Securiry Instrument or the Note without that Borrower's consent.
<br /> , :±• 13. I,oan Charges. If the loan securcd by this Sccurity Instrument iy wbject to n law which sets muximum loan charges,
<br /> ��;, �:;�;��., ;, !►��� und that Is►w is finully interpreted sc�that �he interest or other loan rhargeti collected or to be collected in connection with the �
<br /> '-'`� " �Tf �.•. • loan exceed the permiRed limits, then: (u)uny wch loan churge shull be reduced by the �mounl necessury to reduce the charge
<br /> .�, ,, ..,., ��,`�; � to the permittcJ limir,und(b)uny sums alrcaJy cullectcJ frum &�rrowcr which excecdcJ perniittcd Iimits will be refunded to
<br /> � �'•.�.�,,,„.. . Borrower. I.ender mny chc►ose to muke this rcfund by ruiucing the principal oweJ under the Note ur by making u direet
<br />� ., u, �•� d paymen� to Borrow�r. lf u refund reduces princlpul, the reduction will be trealed as a panial prepuyment without any °
<br />� � � rr " prepayment charge under the Note.
<br /> ��• � �'�'`" � �' 14.Notices. Any noticc to Borcowcr pmvided fi�r in this Security Instrument shull be givcn by d�livering it or by mailing
<br /> ` � �•`"`�`P" it by first cluxs mail unlexs upplicublc law reyuirc,usc of unother me�huJ.The notire shull bc directcd to the Prupeny Address -
<br /> � . _;:���, . ° • or uny other address Borcower designate�by n�ticc to Lendcr. Any notirc to l.cndcr shnll bc given by f irst class r�wil to -
<br /> '; �.;.,;� :_ • L.endcr's address stntcd hcrcin ur uny othcr adJress l.cndcr dcsignates by notire to Borrower. Any notice pmvided for in this
<br /> - - ,l��;y� Security Instrument shull be dcemed W have been given ro Borrower��r Lendcr when�!iven ati provideJ in this parogruph. �_
<br /> .�,, .,�'� � IS.Governing l.aw; SeverAbility. This Security Instrument tihall bc gnvcrned by feJerul law and the law of the
<br /> • :,,�„_.., jurisdiction in whirh the Propeny is locuted. In the event that any pmvision or cluuu of this Security Instrument or the Note -_
<br /> �� '��°'- '•, conllicts with applicable Inw, such cunflirt shal!not uffect other provisions of thi�Scrurity In�trument��r thc No�e which can be F.
<br /> • . �" gi��en effect «�ithout the ronflicting pro��ision.To this end the provi�ions af this Sernrity In�trumrnt and the Note Lre declnred -
<br /> . Q.'' ' to be sever•rble.
<br /> � ' . 16. Borrower's Copy. Borrc►wer shull be given nrk r�ntiirnied copy of the Note and of thix Security Instniment. Ff
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