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<br /> • � at the optioa of Leader. if mortgage insurence coverage (in the amount and for the period that Lender requirea) ; . .;,:;;�A
<br /> provided by en insvrer approved by I.ender again becomes available and ia obsained.Bonower shnll pay tho grem�ums I:: .:.�;;,.
<br /> � required to maintain mortgage insurance i�eftect,or to provide a losq reserve, until the requirement tor mortgage � � . �`�`��
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<br /> insu;ance ends in accordanoe with any wtitten agreement betweea Borrawer and L.ender ot appliseble locv. . _� ,_.='��
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<br /> 9.Insgectior�Lender or its ag�at may muke reasonabte�uir�upon and ins�cdan.s af the Pro�rty.L�nder sh�ti , -�y;- , -,-�"�,.��-
<br /> •��4� .'�•.-....-._=i_—
<br /> give Borrower aotice at the time of or prior to an inspection sgecifying reasonable cause for the inspecri�n. � � �:,�•���—
<br /> • 10.Condemaation.The proceeds of any award or cleim for damages.ditect or consequentiul,in connection with . _ _ ,,�:�
<br /> _ any condemnation or other taking of any parc oi the Property.or for conveyence in lieu o4 condemaation.are hereby ; . " >:�.,_
<br /> assigned sIId shall be paid to Lender. �`�'� "`��`.°
<br /> - Ia the event cf a total teking of the PropertY,the Proceeds shadl be epplied to the sums s�cured by this Security �_.` _ '.�":``'_'-``._-_._-
<br /> Instrument,whether or not then due,with any eacess paid to Borre�wer.I a t he event o f a p a r t i a l t a k ing o f t h e P r o p e r t y in "`�" �_
<br /> �� x� .
<br /> - wluch the fair markei value of the Property immediatelq uefore the taking is equal so or greater than the nmouat of the �'�
<br /> ea �� . . -..�� -
<br /> . sums secured by tmis Security Instrument immediately �efore the taking,unlr�Borrower aAd Lender atherw�s gree -�f�'
<br /> ` in writing,the sums eecured by ttus Security Insuument shall be reduced by the amount oi tha prooeeds multiplied by �.,,___,-_�=�"'�'•'`_'--
<br /> the following fcactioa(a}the tota!amaunt of tha sums secured immediately before the taking,divided by (b)ths feir _ _-;- _ r
<br /> ,k.,�� s�rket value of the Propertp immediately before the taking.Any balance shall be paid to Borrower.In the event of a '__��.
<br /> gartial taking of the Property in which the fair raarket value of the Pmperty immediaY.el�before the taking is le�thaa ��_-'�-�� --•
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<br /> � tI:.�amount of the sums se�ured immediately before the talcing,unless Borrower and Leader otherwise agree ia writing x=���;;�:�
<br /> ; vr unle� epplicaisle law othernise provides. the proceeds sheIl be applied to th� sum� secured by this Security '.�'�'��^-• -•-_
<br /> ` •�� Instrument whether or not the sums are then due. ' ' '"�`"
<br /> �. If the F�petty is abandoned by Borrower.or if,after notice by Lender to Borroiver thai the condenanot offera to � �-'�;,; ';.'��`:•��
<br /> m�e�a award Ar settle a claim for damages, Borrower fails to respoad to Lender within 30 daps afrter the date the ;;_ `r ` .-
<br /> • a�tice is given,Lendsr is suthorized to collect and apply the procads.at its option,either to re.storatioa or repair of the - _-
<br />, �, Property or to the sums s�cured by thie Security Instrument,whether or not theu due. '�. .;' �
<br /> • Udess Lender aad Bomower otb.erwise agree ia writing.anY�PPlicativn afc pmceects to principal shall aoi esten d or � �� . .. _
<br /> postpone the due date of the menEts�g payments ref�erred to in paragraphs 1 and 2 or change the amount of such � -_ .,
<br />, PaYments. � ..=.
<br /> I l. Boaower NoE ld�Ir�sed; �c�.`ear�nce BY I.eader Not a Waiver. $atension oF the time for pay�aent or
<br /> ,��cation o4 amortizati�c of the sums secured by ttua Security Instrumeat granted by Lender to any succe�ot in .q,��,p �
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<br /> �, z�terest of Bonowrer sba11 uot operdte w release the liability of the ori�inal Borrower or Borrower's succe�sore in - .._s�.
<br />..��`'� iuterest.Lender shail not be required w commence ptoc�ii��against anp successor iu interest or refu�e to esteud ;
<br /> ,�,;,�rf; time for pa�ra,eat or otherwise madify aYnorti�atioa of the sume secured by this Security Instrument by reason of anq :�
<br /> = � d�and m.�e'a�the arig�l Borrower or Borrowe�s successors ia interest.Any forbearance by Lender in esercisiu� , ° ` i�,,. :�.�'
<br /> ' ff:;right or remedy�`:sx�i�e a waiver o4 or preclude th�egercise of any right ar remedy. �_,� s, �• ;;`'=`
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<br /> 1Z.Successors e��?�signs Bonad;Joiat aad Severa!Liability;Caysgners.Tha covenuats�d.ap�eemeats ,. ,�..
<br /> � ,;; of ttus Security Instnrment shall bind and benefit the successors and asgipic a�Lender and Borrower,�-�`s'p_�ct to tha ; � - -..
<br /> _��F�;. provisione a�f FaragraPh 1�.Eonower's vuvena.nts and agceements shall be joint and several.Aaq Barrow���o eo-signs �: �.� . *�:�.
<br /> ':�'Wt� thia Secvrity lnstrument but does not execute the Not� {a) is co-eigning this Security Iflstrument only to mortpge. ���; . _ _
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<br /> gisnt and convey that Bnrrowe�s intereat in tha Property uader tDe terms of tlua Security Instrnment; (b) is not r i" +:� _ ._
<br /> �r s s o n a l ly o b liga t e d t o p a y t h e s u m s s e c u r e d b y t h i s S e c u s i t y I n s t r u m e n�a s�i (c I a g e e a t h a t L e n d c r�d a a y othet ,,;l,ii�� ` �;-;r i. ,�,�,,
<br /> ' Bonower may agrea to esten8.modify.4orbear or make any accummodatia�sith regard to the terms aE this Security �4 Y;,'� _
<br /> Instrument or the Nots without that Bomower's consen� �"-�._'�__-
<br /> . � 13.LoAn Charaes.If tha loan secured by this Security Instrurment is subject to a law which sets masimum larn � ••�� _
<br /> � charges.and that law ia finaUy interpreted so that tha interest or othet loan charges teollectad or to be collected i� ,.. _ •
<br /> �. cannection with the loau�.�ceed the permitted limits.then: (a)any such laPn charga shall bs reduced by the amount � � '
<br /> � neceasary to reducs the�rarge to tha permitted limit; and (b) any suma �ready collected irom Bomower which �,z,��..�
<br /> �` exaeded permitted limits will be rafunded to Bon'ower• Lender maq chaac�to maYe this refund by roducing the �����r_-��_1.:;-.
<br />:;.'?h��. psiaeipat owed undter the Not.:or bg making a direct payment to Bose+ower.If a�efund reduces principal,tha reduction �.
<br /> `�°<<i!�� will be treated as a p�rrrial psega�:i*_�':pithout anY P�PeYmeat cherga uader the Nate. '=
<br /> ��`` 14.Notices.Any aor_'.s w Barrower provided for in tinis Security Instnsr�snt shs11 ce,given by deliveriag it or by ,.,t :': � . � � � �
<br /> � �silia it b first class:��•! :�3�-:r •. , ,-'
<br /> S y " unlese applicable law requirea use of another m.c�Lod.The notica shaU ts��irECted to the �.� �,. ... .
<br />,:� �'roperty Address or auq���:.^er addres Bonower designates by notice w Lendn.r.Any notice to I.ender *f ba g'iven by -.
<br /> fi�t class mrL! to Lender's address etoted herein or eny other address l.ender designates by notice w 8onower.Any ,
<br /> '. notice prnvi�ior in ghia Security Instrument shall be deemed w hava been�ven to Borrower or Lender when giv�»- , —
<br /> . :..�.�...�
<br /> as provided iy�.�is ParagraPh. . � "�
<br /> 15.(�overnia�l,ew;Severability.This Security Instrument ahaU be�avemed by federallaw and the law c�rwe '.i� : ' '�' . � _
<br /> � jurisdiction in which the Property ie located.In the event that any provision or clause of thia Security Instrument or the . ;�,,; ��
<br /> Nots wnflicts with applicable law,such conilict ehall not efPect other pmvisions of this Security tnsttument ot the Ao2e Y• _—_
<br /> which caa te given effect withovt the conflicEing provision.To tius end the provisions of this Security Instntme�x.,.cd _ . ' ' , :�';
<br /> , tha Note E��e dxlared w be severabl� s �°�`''�` .---
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