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<br />.•� payme►��s may no longee be re�uired,at the option of Lender. if mortgage insurance caverage�in the amount and for the period __ __�y y� � ; -
<br /> ,� that Lender requires)pro��ided by att insurer approved by Lender again becvmes available and is obtained. Borrower shall pay �- '�.��r,y ,•F�-`
<br /> ` the premiums required to maintain mortgage insurance in effect,or to pm�ide a loss reserve,until the requirement tor mort�age , ' . �L}�Ar,�
<br /> . ' .�-,-_ . . . -
<br /> S insurance ends in accaniance�vith any�vritten agreement between Bonower and l.ender or applicable law.
<br /> ` 9. InspYCtton. Lender or its agent may make reasonable eatries upon and�nspections of the Property. Lender shaU give , . ' � tt aF. ,
<br /> c . ..
<br />� Borrower notice at the time of or prior to an inspection specifying reasonable cause for ttw inspection. -._ .{"� .��_.-
<br />_'� 10. Condemnatiom.The roceeds of an award or etaim for damages. direcl or consequeniial, in cattttectiore with any = �-
<br /> P Y '.+ �^',.+v:.,���:
<br />;.; condemnation or other taking of any part of the Property,or for rnaveyance in lieu of condemnation, ate hereby assigned and ,s �
<br />'�� shall be paid to Lender. •.-�.-:'�: :r` '-'``-'�:`�-;� '
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Sezuri��Inswment. -�`?`���°
<br /> _�„�._—. - , -T�_;� _
<br /> whether or not then dae,with any ezcess paid to Borrower In the event of a partial taking of the Property in Wfiich the fair y �. —
<br /> � market value of the Property immediately before the taking is equal co er greater tfian the amounc of the sums secured by this '`� � �����. ,.
<br /> `=�s�;'�.�_.
<br /> � Security Instrvment immediatel before the takin ,unless 6orrower and Lender otherwise agree in writing.the sums secured by .�.,• . . ;-a�-a-:=�--:-__,
<br /> y g :�`�e..�� �-���,•.,..,.... .
<br /> _ � this Sect�rity Instnunent shall be reduced by the amount of the proceeds multiptied by the following fraction: (a) the total , _�_�.�� _�r
<br />• � amount of the sums secnred immediately before the taking. divide8 b (b>the fair marke[ value of the Property immediately � �'a
<br /> Y �t'�'�a`:�:w'a�'�,�r:
<br /> � before the talsing. Any balance shall be paid to Borrower. In the event of a partiai taking of the Property in which the fair `.:�-,r� ..-�.�.�.a��-_-
<br /> �� r.__..
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before ttee � ��,-��.,.�.,_._
<br /> taking, unless Borrower and I.ender otherwise agrce in writing or unless applicable law otherwise prnvides, the procceds shaU 'r'� :.
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due. '�,�._iy`:'-=±_-
<br />. If the Property is abandoned by Borrower,or if,a�Ler notice by Lender to�o�-�a:ver that the condemnor o�ecs to make an , ���
<br />= award or settle a claim for damages.Borrower faits ta�c�spond to Lender within'� days after the date the S�tice is given, �.�:� � �`�'��
<br /> •�. Lender is authorized to collect and apply ttce proceeds,at iu option,either to restoration or repair of the Property or to the sums .�
<br /> secured by this Security Instrument,whett�e or not then due. " -'-�i�'.
<br /> Unless Lender and Borrower otherwise agree in writing, any ar.�liption Q���oceeds t���ncipal shalt not extend or ' : . '.�ty
<br /> �;:.;;'-,
<br /> postpone the due date of the monihly payments referred to in ptuagaghs 1 and 2 er:c,�n.�ge the amount of sac�p�_�ents. �. - ,�� ,; ,��
<br /> ' 11.Borrower Not ReEw.ased; Forbearance By Lemder Not a�3��er.Ex[eusion af the time for payme�-..c c;m�cation -
<br /> of amortiiadur�of the sums secured by this Security Instrument grant�:d�n�: i.ender to any successor in interest of Borrower shall � _
<br /> ""!� ,.-
<br /> not operate to eel�se the liability of the original Borrower or Boa�µWs 5 successors in interest. Lender shall nat be required ta - ;, �_. .
<br /> c�mmence praceedings agaia+st any successor in interest ar eefuse to excend time f:psyment or otherwise madif��aanarti7ation �
<br /> s red b tta�s Securi Instrument b rr�son of any demand e�a3e '�y the original Borros.�r ..�r�oaowes's ':`,�r..;,i,=`
<br /> of[he sums ecu y �Y Y ,� ::1��.:._:
<br />� successors in interest. Any forbearance by Lender in exercising any right or rer�3y shall not be a waiver a: x preclude the :'��'-'�^':�°� ' -_
<br />;'Q„ eaercise of any right or remedy. ' ',�� .
<br /> �:+. • 12. Su�oeusois and Asstgns Bountl;Joint and Several L�lltty; Sr •,�4�;�} �� ;
<br /> Co-siginers. The cmva�tts and a eements af r,lsis
<br /> Security Instrument shall bind and benefit the successo�s and assi�s of Lender and BottoFe:, subject to the provisions �f ����� �'
<br /> paragrap h 1 T. B o r r o w e r s c o v e n a n u a n d a g r e e m e n t s s h a 1 1 b e j o i n t a n d s e v e r a 4. .�y B o r r o w e r w ho co-si g n s this Securi t y _r � •�t�::.,;�T�=
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrumenc only to mortgage,grant and convey that ' �
<br /> • =�r�
<br /> Borrower's interest in the Property under the terms of this Security Insuument; (b)is not pe�sonally obligated to pay the sucns --���: �
<br /> secured by this Secunty Instrument:and(c)agrees that Lender and a��U other Boaower may agree to extend,modify, forbea�or �•-Y• -
<br /> make any accommodaaons with regard to the terms of this Security Instrument or the Note without 3hat Borrower's consent. ___ �f ._''�°"""%_
<br /> . 13.Loan Chatges.If the loan setvred by this Security lnstr�ment is subject to a law which sets maximum loan charges, "'�'' ;`"y
<br /> ��:-�.,�---.:_ ....e...
<br /> and that!aw is finally interpreted sa that the interest or other loan charges oollected or to be collected in we.�z�ion with ihe ..�,�-
<br /> . loan exceed the permitted limits,then: (a)arry such loan charge shall 6e reduced by the amount necessary to�u:e the charge -_��-- -�.---
<br /> � �, �. �
<br /> ;;��A: to the permi��limir. and(b)any sums already collected from Bors�ower which exceeded pem►iK�d liauu w�a �e refundd to ---_--__
<br />;�;�r.'' Bonower. [�nder may choose to make this refund by reducing �� principal owed under the Note or b} �2king a d�t _ _
<br />'.�,��, payment to Bo;rower. If a refund reduces principal, the reductioa will be tr�ted as a partial prepay^�a..�t without any _
<br /> � prepayment charge under tt`re Note. - - -
<br /> : 14.N�S3�es.My notice to Bonower provided for in this Secuaiay Instrument shall be given by delivering it or by mailing �•�.
<br /> I��r,
<br /> �.„•. it by first c�ss:nail unless applicable law requires use of another c�n�'siod. The notice shall be d_m�„cted to the Property Address _ _
<br /> , or any other address Borrower designates by notice to Lender. Ar�� notice to Lender shall be given by first class mail to — - __
<br /> •� 1Pnder's address stated herein or any other address Lender designates by notice�a Borrower. Any notice pravided for in this • -� � �- �• � � �-•� '�'
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender wh.n given as provided in this���.*agraph. �•-�'��°�-_ `
<br /> •� � I5.Governing Law; Severability. This Security Instrucreent shall be governod by federal law ��d t,5e law of the � -'
<br /> ..-���.�---f•
<br />�;,:� • jurisdiction in which the Property is lacated. In the event that��y provision or clause of this S�virity lnst:v:nent or the Note - . : : : �
<br /> . wnflicts with applicable law.such conflict shall not affect other�zovdsions of this Security Instn:nent or th�Note which can be ���:��!�-� '`'""
<br /> ..:�,a�,��:
<br /> . . given effect without the conflicting provision. To this end the provisions of this Security Instrument and the�1ote are declazed ___ ___—�-
<br /> to be severable. �`���� �=�""
<br /> 16.$orrower's Copy.Borrower shall be given one conformsd copy of the Note and of this Security Ia4�'ment• '% ' � �= -
<br /> _�- —-
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