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<br /> { payments may no longer bz required. at the opuon of La;nder. if mongagr in.ursnce coverage�in the:ur.oum and for the periad , �` .i=-
<br /> ' that Lendcr r�x{uiresl provided by an insurer appruved by Li:ndcr again bcromcs available and i�obtaineii. Borrower,hal!pay �_
<br /> the premiums required to maintain mortgage intiursn��in cffec.,or w pro�ide a los�resen�e.until the reyuirement for mortgage � < .±'_-
<br /> ' iasurance ends in accordance�tiith any written agreement bet«een Borrower and Lender ur applicable law. , . =•, _
<br /> � 9. Inspectian. Lender or its agent may make rea+onabte entries upon and irupectioa+of the Pn�perty. Lender shall give � `"{'��'-�
<br />•-� Borrower nntice at the time uf or prior to an iaspection specifying reasunable cause fnr the inspection. • • � _�
<br /> '� 1 0. Co n d e m n a t i o n. Th e p ro c e e d� o f an y a w a r d o r c l a i m for d a m a grs. direct ur conse yuential. in connection with any -.- �-- � `�,
<br /> ,� condemnation or other taking of any part of the Properry,or for conveyance in lieu of condemnarian, are hereby assigne�and � , � . .�"' • w=-
<br /> :�.� '
<br /> i shall be paid to Lender. .:.. _==r_-,..,;_:_,-_ -
<br /> :� In the event of a toral taking of the Properry.the proceeds shall be applied to the sums secured bp this Security Insuument, �� z_
<br /> .� whether or not then due, with any excess paid to Borrower. In the event uf a partial taking of the Property in whicb the fair ``�`' "
<br /> market value of the I'roperty immedia[ely hefore the taking is equal to or greater than the amount of[he sums secured by this ,r�--- ;",`•'�*�`�'' . '„
<br /> Security Instrument immediately before the taking,wilecs Borrower and Lender othenvise agree in writing, the sums secured by ..•"' '-��, � �.�
<br /> this Security Insuument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total '"•, --�-------
<br /> '��.: ..�y)�i�s;��_--
<br /> amo�nt of the swns secured immediately before the taking. divided by (b)the fair market value of the Praperty immediately �"r- � e•-.,; . _
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair '•"�� ���°.�
<br /> ^.��.
<br /> market value of the Properry immediately before the taking is less t0an the am o u n t o f t h e s u m s s e c u r e d i m m e d i a t e l y b e f o i e t h e , �;�%,�� • .,,.(���,,,�r�:.
<br /> taking. unless Borrower and l.ender otherwise agree in�vriring or wiless applic�ble taw otherwise provides,the proceeds shall ���.,�:;�..°.r. ��y�:=�. �'yf
<br /> be applied to the sums secured by this Security Insuument whether or not the sums are then due. ti�:.=...� '-
<br /> If the Pr�operty is abaadoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an ,.r�, ,,
<br /> award or settle a claim for �amages. Borrower fails to respond to Lender within 30 days after the date the nouce is given, - -`-'�---''�'
<br /> __ t., ..; .
<br /> Lendet is authorized to oollaet and apply the praceeds,at its option,eithet ro restoration or repair of the Property or to the sums ••. `a-,.:�'_
<br /> '� secured by this Security Instrument,whether or nnt then due_ '�� " x��
<br /> Unless Leader and Borrower otherwise agree in writing, any application of proceeds to principal shall not eatend or �� ,� `�-��-
<br /> postpone the due date of the manthly payments referred to in paragraphs 1 and 2 or change the amount of such paymenu. "�"� ••� -
<br /> ,-'� •Forbearance B Lender Not a Waiver.Eztension of the time for payment or modifirauon '�������:-�.;•.` ,..:°--
<br /> 11.Borrower Not Released, y
<br /> of amortization of the sums secured by this Security I�sirument granted by I.ender to any successor in interest of Borrower shall '� . •`--
<br /> '_:, .. , ,��.
<br /> noi operate to release the liabiliry of the original Bvr�:ver or Borrower's successnrs in interest. Lender shall not be require�i to ,,� ° �,,
<br /> _ commence pmceEdings against ae�y succ�sor in interest or re f u se to ex t e n d t i m e f o r p a y m e n t o�o t h e r w i s e m o d i f y a m o rt i z a ri o n . •���5 ::' : _.
<br /> ',.;.;�;� .� _ ,,:;..� �
<br /> of the sums sacured by this Securig• B�.s�ument by reason of any demand made by the original Borrower or Borrower's r�s �i i,,•+�r,,�• •,�:: : �_
<br /> successors���erest. Any forbearance�y Lender "su exercising any right or remedy shaU not be a waiver of or preclude the ';, � :��. - ��°°
<br /> exercise of any right ur��y. L� . ,,�•� �
<br /> 1Z. Sucecss'ois aun� ��ssi �ound; Joint ancl Severtd Liability; Co-�i.�aPas. The covenants and agreemenu of this �� �����`';��.��
<br /> � -
<br /> . Security Instrument shall bind and benefit the successors and assi�s of Lender and Borrower, subject to the provisions of �� '-�t� ' 1�'-
<br /> paragraph 17. Borrower's cavenants and agreements shall be y�int and several. Any Borrower who co-signs ihis Security f, ' ��'�-
<br /> Instrument but does not execute the Note: (a) is co-signing this s.,:,�rity Instrument only to mortgage,grant and convey that �'�`�
<br /> .. .:y,�,r� -
<br /> Sorrower's interest in the L'roperty under the terms of this Secu�sy Instrument; (b)is not personally obligated to pay the sums •"a•%"'��j'�.�t`-;:
<br /> .. 11 x:. ..
<br /> secvred by this 5ecuriry Instrument:and(c)agrees that T.Pnder aa�any other Borrower may agree to extend.modify,forbear or .. .�f f,r3i:;:
<br /> make any axommodations with regard to[he terms of this Securiry i^strument or the Note without that Borrower's consent. ���:�.����p�f�
<br /> � 13. ��a Charges.If the loan secured by this Security Ins.rlvm�.nt is subject to a law c�:zh sets maximum loan charges. '�`��yr ��"��"-.:
<br /> ��h'� ��,�v •
<br /> and that law is finally interpreted so that the interest or other lc�.0 c�_.�rges collected or to be c�ltected in connecxion with the �����-•+��. �a�
<br /> loan exceed the permitted li.^�its.then: (a)any such loan charge shall be reduoc-� 6�•the amount necessary to reduce the charge � �• �:, `�:,� -
<br /> to the permitted limit;a�i,;��)any�ums already wllected from Borrower wh=,�r�cx�:xded perntitted littiw�aIl be refunded to ���:-�`�,=�
<br /> Borrower. [.�� may choose to make this refund by reducing the princiPal owed under the Note or by making a direct -'�=-��-;:;�,;��=;° �..
<br /> payment tm L�orrower. If a refund reduces principal, the reduction will be ueated as a partial prepayment withmut any � w __,,:,�_':
<br /> ' prepayment charge under the No[e. •--r' '��
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivereug it or by mailing �.�'�.�,?:
<br /> it by first class mail unless applicable law reyuires use of another method.The notice shall be directed ro the Property Address ---�� «�_,.,�.,�---
<br />• or any other address Borrower 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 Borrower. Any notice provided for in this �.: �_�-,. ='"-
<br /> Security Instrument shall be deemed to have b�.�p�i+�en to Borrower or Lender when given as provided in this paragraph.
<br /> 15.Governing l.aw; Severebility. TLi� 'h�a�rrty Insttument shall be governed by federal law and the law ofthe � �••
<br /> � jurisdiction in which ttie Property is located. ia tttn:vent that any pmvision or clause of this Security Instrument or the Note .. � '�' '' • . � =-
<br /> conflicts with applirabte law,such conflict shall not affeet other provisions of this Security lnswment or the Note which can be "°`•�`"�'"""'�"'.�� �
<br /> given effect rvithout the conflicting provision.To this end the provisions af this Security Instrument and the Note are declared _�,_- _:��`���•�-"-''�- '•
<br /> to be severw��e. �
<br /> �u��,,.x.-;,..,;
<br /> ' 16.Q�trowee's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. -�� 4,.�;_jt,
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