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<br /> . �' . .payments may no longer be mquired,at the option of Lendec.if mortgage insurance ooverage(ia�he amounc and for the period . . ` �'. �s° �
<br /> . . ���er requires)Provided by an insurer approved by L�ender again becomes available aad is obtained.8orrower shall pay � .
<br /> . •, � We premiums tequired to maintaia mortgage insvraace ia effect.or to pmvide a loss reserve.uutil�he requiiement for mongage . ' . ,
<br /> , �`�r. insurance ends in accordance with any wriuen a�recment betweeQ Borrower and Lender or applirable law. t • .. . .
<br /> � '- 9.Inspect[on.I.ender or iu agent may make�+easanabte entries upon and inspections of the Property. lxnder s6all give . _
<br /> _� - _ � Borrower aotice at the tiaae of or prior to an inspection specifying reasanable cause for the inspection. _ _ _-_ _ -_
<br /> ---- 10.CondemnatIon.'['he proceeds of acry award or ctaim for damages,direct or co�a1, in conne�tion with any C�
<br /> , • � condemnarion�r other taking of a�►part of the Fraperty.or for conveyance in li�o f w n d e m n a t i o n, a r e 6 e n b y assi S ned and � .;
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<br /> : sha11 be paid w Lender. -�� •-
<br /> � . In the event of a total taIdng of the Property.the pmceeds shall be applied to the sums seaued by this Security Insuument, yi � •
<br /> � " whetl�er or not theu due,with any excess paid co Bormwer. In the event of a parual taking of the Property+ in which tt�e fair � _-• - ;.. _
<br /> . martcet vatue of the Property immediately before the cai�ng is equal to or greater thaa the amowu of the sums secured by this � „. _''=� �:'r': ,'' �
<br /> . Secauity Insaument immediately before the taking>unless Borrower and Lender otherarise agtee in writing,tbe sums secuted by � - . : . -
<br /> this Serurity in�m,,,,ent shalt be redaced by the amount of the pmceeds muItiplied by the following fraction: (a) the total , , ,`,.r,.`;�'�.-,
<br /> � amount of the sums secured immediately before the taking, divided by(b)the fair markec value of the Properry immediately � , , _,_;�_,,;n
<br /> before the taldng. Any balance shs�Il be paid to Borrower. In the event of a partial taking of the Property in which the fair �'---`.:
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<br /> • � � maricet value of the Pcoperty immediately before the[aldng is less thaa the amount of the sums secu�d immediately before the , . '�'-
<br /> takinS,unless Borrower and I.ender othervvise agc�ee in writing or unless applicabte law othecarise providcs,the pmceeds shall '�,. .:�:_:�..
<br /> .. , be applied to the sums sectued by this Secariry tn�m,�„enc whether pr not the sums ace th�due. t ,.�
<br /> If the Pmperty is abandoned 6y Borrower,or if.after notice by I.ender to Borrower that die condemnor offers to make aa _ -��--
<br /> . award or settle a claim for damages. Bonower fails to resQoad to Lender withia 30 days after the date tbe notice is given, . .�- •.;=;�
<br /> Leadec is awhorized to collect and apply the pracceds,at its option,either to restoration or repair of the Propercy or to the stuns - -. �'`3_
<br /> � ' ''�. seaired b y this Securiry Ir�uvmeut,whether or not then due. . � _
<br /> °' llntess Lender and Borcower otherwise agree in writin&, �Y �Plication of proceeds to prin c t p a l s t t a l l not exten d or t -
<br /> � _ �.t,•._'. �_`'.
<br /> � . .' postpone the due date of the monthly paymeats referred to in paragraphs 1 and 2 or change the amount of such payments. �.. � � =
<br /> P�� 11.Bormwer Not Released;Forbearance By Lender Not a YVaiver.Extenslon of the time for payment or modification �;__
<br /> ;i� • ;� of amorti7ation of the sums secur e d b y t h is Securiry I n s t r u m e n t g r a n t e d b y L e n d e r t o a n y s u c t r s s o r i n i n t e r e s t o f B orrower sbaU .-��s-�
<br /> s not opeiate W release the liab�7iry of tl�e original Borrawer or Borrower's successors ia interest. Lender shall not be requited to .. ."'�=�-
<br /> . .. � commence proceedings against aay successor ia interesc or refuse w extend time for payment or othzrwise modify amorti7arion ;.i`��
<br /> :.j of[he sums secuted by this Security *ns[rument by reason of any demand made by the original Barrower or Borrower's . ,'�;�.•",��_.-
<br /> � successois in interest.Any forbearaace by Lender in exercising any right or reme�y shall not be a waiver of or preclude We � a��
<br /> exercise of any right or remedy. • ��°..
<br /> -.;. - � � ;� IE. Saccessozs aad Asti3gas Bound;Joini and Seve�a{ Ltabil€ty: Casigne►s.The covenants and agreements of this _.`_ i�:�
<br /> • ,i Secwity Iastcument shall bind and bene&t the successors and assigns of L.euder and Borrower,subject to the provisions of r �
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<br /> _ . . . :'� paragrapL 1T. Borrower's wvenants and ag�eements shall be}oint and severtil. Any Bouower who casigas this Sccurity � _.
<br /> ' ��}� Insuament but does not execute the Note: (a} is ca-signing this Security Instrument only to mortgage,grant and convey tLat = ��;�.�
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<br /> � � Borrower's interest in the Property under the terms of this Seivrity lnsuument;(b)is not pers o n a l Iy o b liga t e d t o pay t he sums . .�;,:_
<br /> � secured isy this Securiry lastrument;and(c)agrees that Lender aad ury other Borrower may agree to extead.modify,forbear or ��.=-•
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<br /> ;, make aay accommodations with re�ard to the terms af this Securlry Insaument or the Note wi�hout that Borrower's consent. ':: �R�,
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<br /> �v . � 13.Loan Charges.If the loan secuned by this Securiry Insaument is subject to a law which sets maximum loan charges, � '� . •,��d�_
<br /> aud that law is fiaally interpreted so that the interest or other loan chazges collected or to be collected ia co��n with the . .���
<br /> • toan exceed the permitted limits,thea:(a)any suc6 toan charge shaU be reduced by the amouat necessary co ceduce the charge =�-_'
<br /> ,• F to the permitted limit;aad(ts)anY sums alreadY collected from Botrower which exceeded permitted limits will be refunded to . •
<br /> � �'' �.:� Borrower. Lender may choose to make this refvnd 6y reducing the principal owed under the Note or by makiag a direct _� . •.
<br /> payment to Boaower. lf a refund reduces principal, the reduction will be treated as a partial prepayment withwt atry '.. •�}.•:'�' ._
<br /> � ' ' � . prepayment charge under the Note. � � . `. �
<br /> ': � 14.Notices.Any aotice to Boaower pmvided for in Wis Security Insaument shall be�iven by delivering it or by mailing .. . .
<br /> _, it by first class mail u�D�s applicable law requires use of another method.The uotice sLall be directed to t�e Property Add�ss . •`,; :
<br /> ° � or aay other address Boaower designates by notice to Lender. Any notice to Lender sHall be given by first class mail to , .
<br /> _ • � Lender's address stated herein or any other address Lender designates by notice to Boaower. Anp notice psovided for in this . .
<br /> • ' • Secvrity Instnunent shall be deemed to have been given to Borrower or Lender when given as provided in ttus pazagraph. • . _. . ; � ,
<br /> "i 1S.Governing Law; Severabllity. This Security lnstrument shali be govemed by federal taw and the law of the .
<br /> " � jurisdiction in which the Property is tocated. in the event that any provision or clause of this Sec�rity Inscnuneat or the Note :. . .
<br /> "' ' � conflicu with applicable law,sach wnflict shall not affect other provisions of this Security Insmimeat or the Note whic�caa be • .
<br /> • � given effect without the copflicting pmvision.To this end the provisions of this Sec�rity Iastrtunent and the Note aze declared ,
<br /> ' to be severable. �
<br /> 16.Borrower's Copy.Borrower shall be given one wnformed copy of the Note and af this Securiry lnstrument. � .
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