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<br /> paymen�s may no longer be required.at the opuon of L.ender,if mortgage insurance mverage lin the amount and for the period ` .� '.+�:;��?�{��
<br /> that Lcnder reqaires►pro�ided by an insurer appmved bv Lender again becomes available and is obtained. Borrower shali pay `_' _„_f_ ;-_
<br /> the premium-ti reyuired to maintain rtongage insurance in effect.or[o pmvide a loss rYServe.until the requirement for martgage - �:�- ,�` _
<br /> imursnre ends in accardancr wnh any�vritten agreement between Borrawer and Lender ar applicable law. � ' ''`�` _�
<br />- y. �rtspeciion. Lender or its agent may make reasonable entries upan and inspections of the Propeny. L,ende�shall give =-�r c-=�+�'���$�.�,
<br /> ^� Barm�ver notice at the time of or prior to an inspection specify ing reasonable cause for the irupection. _ - -_ �_
<br />� 10. Condemn�tion.The proceed�of any award or claim for da�nages. direct or consequential, in��nnsxtion w�ith any ` „�;',��-�==
<br /> rnmiemnation or other taking uf:u►y part c�f the Property.or for rnnveyance in lieu of rnndemnation, are hereby assigned and -;-�`��:��
<br /> shall be paid to Lender. � _-. �:KR�rr;�.-__
<br /> ' In the e�•�nt of a total ta�Cing of the Property,the proceeds siiall be applied to the sums secured by this Security Instrument. • , �����yr'�,�,w�
<br /> whether or not then due, with any excess paid[o Borrower. [n the event of a Partial taking of the Properry in w6ich the fair �. _ __ F _ �•.,
<br /> �' ':::.. „<.;., �
<br /> . market value of the Property immediately 6efore the taking is equa!to or g�ater than the amaunt of the sumS secured bY this ;:,�;;':��°_��-�--�.. �
<br /> Security Instrument immediately before the taking,unless Bomower and Lender otherarise agree�n writ�ng.the sums serured by :=�y;_.��---;-_----s._,.
<br /> this Security Insuument shaU be reduced by the amount of the proc�eds multiplied by the foltowin� fraction: (a) the total , ;:'�;;#� �. ::,�..,�.__.
<br /> ' , �, �3 _..
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair martcet value of the Property imme�iate�y ••:•::.,:,.,r-�,.�_
<br /> before the taking. Any balance shall be paid to Borrower. in the event of a partial taldng of the Ijmperry in wiuch the fFtir ;�'�''�"'--•°f:`_-•...
<br /> ...-,,:35��1'�eFr.•;.-•_,:,-.,.:
<br /> market value of the Property inunediately before the taking is less than the amount of the sums serured imntediately before the = -�----�;
<br /> taking. unless Borrower and i.ender otherwise agree in writing or unless applicable taw otherwise provides. the procoeds shall ` '�'"-�"�_
<br /> be a lied to the sums secured by this Security Instrument whedier ar not the sums are diea dae. ���`., � --
<br /> PP -'� - .
<br /> If the Propeny is abaadoned by Borros�ver, or if,aP.er accice by l.ender to Borrower that the condemnor offers to make an ..• ` �:-� '.' _ _ _ _ -.•
<br /> �:�:-�_
<br /> award or settle a claim for dan�ages, Borrower faels to respond to Lender within 30 days after tite dat�the notice is given. — �,,_
<br /> Lender is authorized to collect and apply the prcrceeds,at its option,either to cestoratian or repair of t�e Fcoperty or to the sums :�� �
<br /> secured by this Security lnsuument,whether or not then due. - -" =-°
<br /> Unless l.ender and Borrower otherwese agree in wriang, any application of proceeds to principal shall not extend or �'"�� �'"� '
<br /> ,.��,�., � r_ �.
<br />; postpane the due date of the monthly payments mferred to in paragraphs 1 and 2 or change the amount of such paymenu. - ��� '��`-- -
<br /> . .;,1� .��.:;
<br /> 11.Borrower Not Re4eased;Forbearance Bv I,ender Not a Walver.Extension of the dme for payment or madifiratian •� ; � � '�.:'
<br /> of amortization of the sums secured by this Securiry Instrument granted by C..eader to any successor in interest of Borrower shall . "Z`. :��+
<br /> �:r.� .. ;:�: ..,z
<br /> not operate to release the liabiliry of the original Borrower or Borrower's sc:�sors iu iaterest. L.ender shall not be recyired to ;;�,,',, . ., • . _:.
<br /> cariunence proceedings against any successor ia interest or refu_�e to emend time far a tnt or otherwise modify �ccrtizatian ,.� .'f,;;;;.;•••' ' .•'`�s��_:;,�:: .'.
<br /> F Ym- � >>.
<br /> of the sums secnr�d by this Security Instivment by reasrzn of any demand made by tim�mginal Borruwer ar �.zro�ver's ,��,,' �- i } ;: _..
<br /> successo:s in interest. Any forbearance by I.ender in exer"ssing any rigfit or remedy shali ru.-�be a�vaiver of or�rec.tude the �1����,�,, �� _._
<br /> exercise of any right or remedy. •r . +f�a , : s�l:;;�, ,
<br /> lZ. Succccsoss end Assi� Boar�d;Juint and Severab II.iability; Co-signe�. T'se covenams Pnd a menu of tDvs , � .` �' ' �a��•;� -
<br /> 8� u, . ;__. :,�s.�1�:..�_
<br /> Securiry Instrument shall bind and henefit the successors and assigns of Lender and Buir�wer, subject to the pzs�.isions of °J��•. ' •
<br /> L •1 1:�!�:..- _
<br /> �� paragraph 17. Borrower's covenanu and agreements shall be joint and �everal. Any L��rrower who co-signs ti:,-s Security ;�����t••;"-°
<br /> instrument but does not execute the Note: (a) is co-signing this Security Instrument ccly to mortgage.grant and convey that .��-~
<br />.� �� Borrower s interest in the Property under the tertns of this Securiry Instrumenr. (b)is not personally obligated to pay the sums ���:-:,.r
<br /> . `� secured by this Security Instrument;and(c)agrees that Lender and any othrx florrower may agreE to eatend.modify,forbear or — __
<br />' ��y; ma6ce any accommodations with regard to the terms of this Security Instrument or the Note without that Burrower s co�sent. �_,_: : .
<br /> ,; D:�.Loan Cha�ges.If the loan secured by this Security Insuument is subject to a law which sets maximum loa�charges. __
<br /> . ';. �r.i�t3rst ►aw is fcnally interpret�so that the interest or other loan charges collected or to be collected in connection with the __________-� ' � �^ `--
<br /> �..
<br /> ;�r. ;„.:
<br /> . . ,_ 10;u,�;,.�ed ti�e�rc:rTnir.ed limiu.then: (a)any such loan charge shall b�reduced by the amount necessary co re�uce the charge �.
<br /> � `� to tI-r:�,.:F^'�:t�li�nii. �nd(b)any sums alteady collected from Borrawer which exceeded peraritted�=:�' w�ll be refwided to .----_
<br /> � Bomswi�-. L..-ndea �y :koose to make this refund by reducing the principal owed under tbe 1Vote ot by malQng a direct �+�
<br /> . t paym�t �v Bocsoa+er. If a ret'und reduces principal, the reduction will be treated as a partial prepayment without any L:+r =___ �� � _ __
<br /> � � prepayment c�-.ar�e undarthe Note. v�-,-
<br /> 14.Aialic�. �ny notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing _ �
<br /> �.� it by tirst cl:�s�n�::!unless applicable law requims use of another method.The notice shall be directed to the Property Address � '•:���'��•
<br /> or any other address Boaower designates by notice to Lender. Any notice to Lender shall be given by first cL:ss mail to '� w�"�!���
<br /> ILender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provi�r:�:.''�or in this ,�T„};..� �'x�.
<br /> ; Security lnstrument shall be deemed to have been given to Borro�ver or L„nder when given as provided in tlus par.t:y�h. ' _.�:,_:�:;:
<br /> ;::,', 15.Goveming Law; Severability. This Securiry Inswment shall be govemed by federat ��H and tlre law of the _
<br /> �� jurisdiction in which the Ptoperty is lacated. T.n the event that any provision or clause of this Secura;• :.rstrument or the Note "°.�
<br /> ` ;'�+ cortflicts with applicable law,such ccaf�sca s::::;1 not affect other provisions of this Secur_ry Iastrumerx cs the Nots wltich cun be � '}�;"
<br /> � giva�.effxt without the conflictin.s�r�visian. To this end the provisions of this Securr.; [Y:strument and the h��:�s:declared ---
<br /> .�,��:� tn L�c Y��erable. ����
<br /> 'i T;=°yv�..—...^°�:---
<br /> t�.Borrowea's Copy. Borrower shall be given one conformed copy of the Note�.e c.`this Secsri.ry Instrur.:e:::. ,•-�'!' `
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