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<br /> � � psyment,nwy n��lunger he r�{uiral.at the option of Lcnder,if mongage rosurance coverage(in the amount and for the period , . �-�• c. `�=,
<br /> -_ tt�at Lcader rcNuirc�)provided by an in.urer approved by Lender again bei:omes available and is obiained. Borraw•er shall pay _ ���_�,._
<br /> the premium+reyuired to maintain mu�rtrage�nsur.uice in effect.u, W�raridC�!c�te�n'e•unt2�the*e+��urement for morteage __ .� x�� �- _
<br /> mtiuranrc cnd,in arr��rdance with xny wnnen agrecment betw�n Borrowcr and Lcnder or applicable law. �•°. ; _
<br /> •; � 9,latipc*ction. l.cnder or ic,agent may make rea.+onable entney upon and inspections of the Property. Lender shall give _. ,
<br /> g�xrnwer notice at the time of or pnor to an inspeition specifying reasonable cause for the inspectien. � ; ,
<br /> � !0.Condcme�ation. The proceeds of any award or claim for damages. direct or caruequential. in connection with any ., f .�:���
<br />. c�mdemnatian ar other taking of any part of the Property.or for cunveyance in lieu of condrmnatinn. are hereby assigned and � • ,,::; -
<br /> •r.
<br /> �hal{b�paid w Lxnder. ' •
<br /> - in the�venc of a total taking of the Property. the proceed,shall be applied tu the sums secured by this Security Instrument. __���_;-
<br /> whether or not then due, with any excess paid to Botrower. ln the event of a panial taking of the Property in which the fair � . c `� .
<br /> � . market value of ehe Property icmnediately before the taking is equal to ur greater than the amount of[he sums secure�by t}us �_'v_�. '., .-y-_`
<br /> Security[nstrument inunediately before the taking,unless Borrower and Lender otherwise agree in writing. the sums secured by ,. �`;�. ,w :F_�M ,�
<br /> . this Security Insuument shall be reduced by the amount of the proceeds multiplied by the folluwing fraction: (a) the towl .���. ��.� .,•
<br /> • amount of the sums secured immediately before th�taking, divided by (b) the fair market valae of the Properey immed�ate�Y � 1 K ? •
<br /> � before t he t a k ing. Any balance sha31 be p a id to Borrower. In the event of a partial tak'tn8 of the Property in which the fair � # ���,
<br /> ir:�•.>•.�..; .. r,°,.
<br /> � mazket value of the Property immediatelY before the taking is less than the amount of the sums secured immediately b�fore the ?`�.�-. ,
<br /> �'_� • .�`��
<br /> �..�__�
<br /> taking, unless gorrower and Lender otherwise agree in writing or unless applirable law otherwise provides,the proceeds shall _ - ;��' .
<br /> be applied to the sums secured by this Sewrity Inswment whether ar not the sums are then due. J - _
<br /> � If the Praperty is abandoned by Borrower,or if,after notice by Lender to Borrower that the rnndemnor offers to make an ���
<br /> �� ', award or settle a claim for damages. Borrower fails to respond cn L.�nder within 30 days after the date the notice is given, �--�♦--
<br /> �-•��
<br /> Lender is authorized to cnllect and apply the proceeds.s.c its optian,either eo restararian or rePair of the Property or to the sums �� . ,•.�_�,,�.__
<br /> '�'",; sc�red�Sy this Securiry Enswraent.whether or no[tbea due. --:`'`
<br />• •'" Unless C�er and Borro�ver a�terwise agme in writing, any applicarion of proceeds to principal shaEl not extend or rt�,;'%:"_�
<br /> „i�. postpone t�e dr�date of the rnontlilY�taymercts referred to in par2��.!a n d 2 o r c h a n ge che:u?�i.�:of such paymec►ts. f; ,' <.. ��;i;`t.< �:�
<br /> j Y1.Bors�wer Nat L�c-t�se8;Forbea�"ance By I.ender Not a G���s. Extension of c.he+i.ne.o-payment or modificz���� �„•f.,�.;t,,,,r��' �,;.•<�?,+,;;,.
<br />;�.;r�f�� Lender ea s_--�r s_cc�:=,-..,u.ter��c�°.�orr�wer shs;l ?`�' �,�;';i"�f�.,��.�{����,�
<br /> ��ti�y,; •or�nortization of the sums s.°cured by this Security[nszrument grantea ay � _ � -, y • , • ,;
<br /> `�F�� n�t operate ta release the'�a�iity of the original Borrower or Borrowei s snccess,Tr.:m;:�res:.=ender s�.�?[n��;Se r red to � r ;:� •,
<br /> , ��t� ,y..�,.��
<br /> `���i�}' 3ommeace proceedings aga:..st any successor in interest or refuse[o eztend time�-:�2�`�I:Cr2 C-J:tlEIWISe[L'iL*5i�1�S��IIIOlaaraa+�� '`5 5 �' + ; S �
<br />',"'��'"'' of the sums secured by chis Security Instrument by reasan o� a�� �and ��� �y �'1e �•`•��� Borcouer ar Borrower s ���,;;�;,•.�';1�'f. ,�,_: ,'',•
<br /> .ar�it��.. r:. ,t:%i�t .�.'F:!su��. '#.Y�. :i
<br />,,�.,.,.,, o ,, � � P %h�s, , �� ,,., �•' ..
<br /> ,, �a �.:ccessors in ieterest. �av��rbearance by I.ender in eeercis'sn„ �_ r�ht or re�.� saall ce: be a waiver ef or recle�e 1� ,,:;,r c;�t`r�� ;m�F :
<br /> '`�:::L3�';.t':f��;1 e:/''.:..
<br /> , •�sYc4se of ar.y righ[ar r•��e��. • . ��°"
<br /> ,
<br /> &2. �c.s�a1:'�ns Bound; JoiaY � '�c�u�! �.i�'�-:i.s+'�; Cc-b-c�m�s. The covenanu zrcct r��:���s of�s . y�{;,.:�:�?,i':�,:;�;it.;:3i:..
<br /> `'��_,.
<br /> 5��:rity Tc�-�-T_r�t ��s;�.'!���a::a.�d�ecef� the sucvega�,.aad �� cs�.��:.d Borrower, subject �•a:,�e pri`:I5*_G:s fr ,��r..�.�a.�.:;. -
<br /> ��-
<br />, p�grePh 1 - G+�rra:z-,x:;sc;;�xras ��: c�-reements shall be joir' �.�j several. Any Borrower who co-signs this s�a�::�titc. `'�t�.,.-
<br /> t and conv daat
<br />' Instrument but does no�e>ecu.�the Na-.: ia) is co-signing this Securiry Instrument only to mortgage. gran `7+ _y
<br /> � Boaower s interest in the�'�'�perty under the terms of this Security Insuumenr; (b)is not personally ob1igated to pay the sums ��,�,
<br /> � secured by this Security Insuvmen�and(c)agrees that Lender and any other Horrower may agree ta extend,modify.fotbear or -i� ��,�
<br /> � make any accommodatians with regard to the terms of this Security Instcumeat or the Note without that Borrower s consent. �".
<br /> •. ".'�'i;;l';'' ,
<br /> • l3.Loan Charges.If the loan secured by this Security Instiument is subject to a law which sets maaimum toan charges. � ��,;,. ;
<br /> � � and that law is finally interpreted so that the interest or other loan charges collected or to be callected in connection witb the . ',� _
<br /> � � loan exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge �. =;�; � :t�,=-��_��
<br /> � .`�:. to the permitted limit:and(b)any sums already collected from Borrower which exceeded pertnitted Gmits will be refunded to ° -��._�
<br /> � Borrower. Lender may choose to make this refund by reducing the prirtcipal owed under the Note or by making a direct ��.�„ _ _
<br /> � payment to Borrower. lf a refund reduces principal. the reduction will be treated as a partial prepayment without any F��� .
<br /> ' prepayment chazge under the Note. T
<br /> �� 14.NoHces.My nouce to Borrower provided far in this Security Instrument shall be given by delivering it or by mailing _ - . :.�:_.,,:_ '_'_'
<br /> . . ' it by first class mail unless applicable law requires us�of another method. The notice shall be directed to the Pcoperty Address r-r�r�,��
<br /> ` or any other address Borroiver designates by notice to Lender. Any notice to Lender shall be given by first dass mail to ��-n'-?�.
<br /> �,.;,,�.�.�:,{ Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided fot in this ��__�._=�,,.,_,
<br /> g¢curity Inswment shaB be deemed to have been gicen to Borrower or l.ender when given as provided in this paragraph• — -,;.�,.�,;:-.
<br /> � 15.Govern3ng Lan: 5everabillty. This Security Instrument shall be governed by federal law and the law of the �,,,�.�;_ }_
<br /> , � jurisdiction in which tNe Property is located. In the event that any provision or clause of this Securiry Insuument or the Note : ,' .,. ::.;-;r�,, •__
<br /> . conflicts with applicabie law. such conflict shall not affect other provisions of this Security inswment or the:�Iote which can be ��,1, ,._ ^,' '"•
<br /> given effect without the conflictin�provision. To this end the provisions of this Security Instrument and the Note are declared — . ,..,�.��a�.�� _.
<br /> � to be severable. --�-°--
<br /> 16.Borrower's Co�y. Borrower shall be given one conformed wpy of the Note and of this Security dnstrument. ���n�rt�^m���- _
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