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<br /> ' J: � payments may no longer be required,at th$optioa of Lender,if mortgage insurance ooverage(in the amoantan�i for the period . ,
<br /> that Lender requires)provided by an insnrer approvedby Lender again becomesavailabte and is obtained Borrawer shall pay
<br /> _ ,—__%�`',-� the premiumsrequiredio maiu�mortgage i�uranceia effectit,or to provide a loss reserve,unti!the reqnirementfor mortgage _'T-- --.-_u
<br /> . , ;3�,,.a.,���in accordaace witb,any wriitea agreement between�onawer and Lender or applicabte law.
<br /> '� 9 Inspe�toa,Lender or its agent may make reawnableentrics upon and inspedions of the Property.l.ender shall give '` � ••
<br /> •���`�, . Borrower notice at the time of os prior to an ia5pediou specifying reasonable cause for the inspecrion. • . .
<br /> . . . � 10 Condemnatton. The proceeds of any award or cla�far damages,dired or consequeatial,ia conaection with any � �• .
<br /> � . , oondemnatioaor other taktng of any part of the Property,or for conveyance in lieu of ooademnatian,are hereby as5igtied aad �� �.Y � .
<br /> ' � ' sball be paid to Lender. �� `•:�.
<br /> � �? In ihe event of a total taking of the Property,the Praceedsshall be appliedto We sumssecuredby this Secarity Instrament, . . ° ;,i�.-
<br /> . . whether or noi then due,with aay exoess paid W Boirower.In the event of a partial taldng of the Property in wtttch the fair `4_::::. ,:` .-,� -
<br /> ` . , �. market vatue of the Property immediatelybefose the tal�mg is equal to or greaterthan th$amo�mt of the sums se�redby this ;,:y>.:. ,�,,�,:.�"
<br /> � - Security InstrumentimmediatelYbefore the tatdng,unZess Borrower and l.enderothe:wise ag�ee in writin$, the sums seciuedby , '��_�
<br /> • , ` . this Sec�uity Instrnment shall be rcduced by the amo�mt of thc proceeds mWtiplied by We following Eraction{a)the total _
<br /> . amount of the sums secaced'mimecGately b e fore t h e t a l a n g,d i v i d e d b y(b)t he f a i r mar k e t v a l u e o f t h e P r o p e r ty i m m e d i a t e l y . .�,_
<br /> , ,, before the talQng.Au9 balance shall be paid to Bonawer.In tl�e eveat of a partiat taking of the ProFerty in wtuch the fair
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<br />_ , matketvalneofthcPropertynnnnediatelyheforethetakingislessthaatheamountofthesumssecuredimmediatetybeforethe . _ . :`��'
<br /> °. � `: :' .- -.�- taE�g,tmlass Boaower and I.ender othecwise agee in writing or ualess applic�6le law oWezwise pmvit�es,the proceeds sBall _.: ''.�'—.
<br /> ..�." be app�ied W the sums securedhy this Secarity Insiramentwhether or not the snms are then due. s '
<br /> If the Pro is abandone Bairawer,or�a$er notice hy Leader to Bonowerthat the coademnaroffeis to make aa ��_
<br /> P�Y �Y
<br /> . . award or setde a daim for damages,Bo:rawer fa7s to nspand to Lender within 30 days after the date the aotice is givea, .��,;,_:;.��,>
<br /> � �- � Lenderis authorizedto collect and the raceeds,at iis o tion,eitberm restorationor of the Pro or to the sums ., ?•�'�.�:-
<br /> . 8PP1Y P � r� P�3► .,..�-...,�,��
<br /> ' � ' secured ttus Security Iastr�eat,whetber or not then dae.
<br /> — Ualesa Lender and Borrowez oifierarise agree in avritiog, any application of proceeds to priucipa)shaU not extend or - c�`�'��"
<br />_ . postpone the due date of ths montbly payments referred to ia para�raphs i and 2 or cbange the aznouni of such payments. � '��.,��i
<br /> ,' ii. Borravr�Not Reteased;Forbeaeaaee By Lender Not a WaSvei: Extension of the time for payment or modifcatioa .. •_ i;_�� �
<br /> �t ' ' of�morti7a6onof the sums securedby this Security Instrumentgrantedby I.endcr to aay successor in interestof Banowers6aU �;�_
<br /> ` � .. aot operateto releasethe liability of ths origmal Bnrrower or Bonawer's successors in iateres�Lendershall not be sequire3to . ;;:�;�
<br /> : . commenceproceedia�a�ius Y - �r�-
<br /> t aa succe�or in interest oz refuse to ea¢eQd time for payment or othenvise modify amorti�ation . . -�M
<br /> �- , of ttse sums secured by t6is Securiry Iastsumeat by reason of any demand made by the origiaal Bo�rowcr or Borrower's `�'9°'���
<br /> -. .. .. ... successors in interest.Any forbearanceby Lender in exercising any ri8ht or remedy shall not be a waiver of or preclude the ��-.. ��,�
<br /> �. exercise of auy:ight or remedy. �.. , ,�.'-'°�
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<br /> , � 12. Successors and Asstgns Bonnd; Joint and Severa! iJabili4, Co-signers. The covenants and agreementsof this . ' . '�`��:_::
<br /> � , � Sec�uity Instmment shall biad aad benefit the successors and assigns of Lender and Borrower,subject W the provisions of . ' '-�� '
<br /> ' , __,
<br /> parag�aPb 17. Borrower's covenants and a�reementasLall be joint aad several. Any Bonawer who co�sigas this Secusity � � �.''�:"'-
<br /> � Instrumentbut does not execute the Note: {a)is co-si�ing this Seauity Instrumentonly to mortgage,grant and convey tbat �� � .�Y
<br /> ;;� � • Bonowes's iaterest ia the Froperty uader the terms of this Security Instrumen�(bj is not personaUy obligated to pay the sums ; ;�-
<br /> � � securedby this Security Iastrument;and(c)agtees t6at Lender and any other Boxrowermay ag�ee to eatead,modify,forbear or
<br /> ,� •�� make any accommodatioas with regard to the terms of tLis Secority Instrument or the Note wiWout tbat Borrowe�s consent. . . ���`
<br /> ;','^ . • 13. Loan Cha�es•If the Zoan secured by this Security Inswmentis subject to a law wlric�sets maximnm loaa cLar�es, , ;�
<br /> ' • ' aad that law is finaUy interpretedso that tbe interest or other loan charges colteded os to be coldecicd in conaection with the �.,
<br /> �� Ioan excced the permittedlimit9, tben:(a)any such loan c6arge ahall be reducedby the amonntneressary to reduce We charge .. . � �,-.
<br /> to the permittedlimit;and(b)any sums already coIlectedfrom Boaower which eaceeded permittedlimits w�l be refuadedto • �, : .��;;:.
<br /> ' . ��� ' Borrower.Lender may choose to make this refund by reduang the prinapal owed under the Note or by uaaEc'sag a direct ,
<br /> , . . ' payment ta Borrower. If a refitnd redaces principal, the reduction will be treated as a partial prepayment without any . � • �.
<br /> • • prepayment cl�arge under the Note. • , ••
<br /> . � 14. Nottcea.Aay noHce to Borrower pravided for in this Security lnstrumentshall be gven by delivering it or by mailing , . �
<br />� � : it by fust dass mail unless applisable law reyuiresuse of aaothermethod The notice shall be dirededto the PropertyAddress . •
<br /> :'•; • or any other address Borrower desig�ates by notice to l.ender.Any notice to Lender s}�all be given by first class mail to . . . . � , .
<br /> ',�ti . � � Lender's address stated herein or anyr other address l.ender desi�ates by notice to Borrower.Any notice provided for in this � :
<br /> � . Security lnstrument shall be deemed to have beea�ven to Borrower or Lender when given as provided in this paragraph. • • . .
<br /> , � • l5. Governing IBw; 8evera6ility. This Security Instrument shall be govemed by federal law.and the law of the .
<br /> . " jurisdidion in wtuc6 the Properiy is located.In the evcat that any provision or ctause of this Security Instruaaentor the Note
<br /> � � conflicts with applicable law,suc6 conflict shall not affed otherprovisions of this Security IasUumentor the Note arhich can be -
<br /> ' given effed without the coatlicting prw�sioa.To this end the provisions of this Security Instrumentand the Note ar�dcclazcd �
<br /> ; to be severable. �
<br /> ' 16. Borrawer's Copy. Borrowershall be�ven one conformedwpy of the Note aad of this Security]nstrumen� ' ,
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