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<br /> � payments may no longer be required.at the opii�nn of Lendca.if mortgage insarance coverage(in the amount and or e peri�d . : .,•:i< .'_
<br /> that Leaider require,$)provided by an insur�r approved by L.endea again beromes availabte and is obtained.Bocrower shall pay the ��
<br /> • premiums required w maintain mortg�gc insw'ance in effect,or to provide a loss reserve,until the requiremeait for mongage _-
<br /> insutance e�ds in au:ordance with any written agreEmsnt betweea�Borrower and Lender or applicable law. • � _
<br /> 9.Ynspectlon. L,ender or its ageat rnay make reasoaable entries ugon and inspections of the Property.L.ender shall give
<br /> Barsower notice at the time of or prior to an inspection specifying reasonable cavse for the inspection. . . . -
<br /> 10.Condeffinat[on. '1'he proceeds of any awani or�laim for damages,direct or consequenti�al, in connection with any • . . .
<br />� condemn�tion or other�g of any part of the Propeaty,or for conveyance in lieu of condemnation,are hereby assigned and ` T . _ '
<br /> ` shaA be paid to I.endsr. • � �
<br /> , In the event of a total taking of the PropeRy,the proceeds sdall be applied w the svms seciued by this Security Instrument, :
<br /> whether or not�en due,with any eacess paid no Bo�owea.In the event of a partial taldng of the Property in w6ich dte fair market ; , , _`
<br /> value of the Propercy immediately before the taking is equal w or greata than the amount of[he sums secured by this Sec►uiiY , ,.: .-,
<br /> Instrament immediateIy before the taking,untess Borrower and L.ender otherwise in wririn ,the sums secured by this , ;,;_.=
<br /> aS� g � , . �F:;;���
<br /> � Security Instrumea►t shall be red�ced by the amount of the prur,eeds mult�lied by the folloaring fraction:(a)the total amount of , �;�;�•���'
<br /> � the sums secured immediately befare the tak�g,divided by(�:;°�'_e fa'ss maiket value of the u�medianel before the � " "��r3r:E�,�
<br /> �Y y '`�'±'�?ff,:..
<br /> ta{dng.Aay balance shall be paid tn Boaozvea.f.ri;iz�event of a e�-�.4 -���f the Property in wtuc6 ttvr�maiket va':ue of the ' . ,.•.�,�.-:
<br /> , Pr��eaty immediately befare the �:7.� s Is��-� t�e a�v.-:�:� ci� � s� immed:as:tp b�� the talda�g, unlcss '�'�tf`"j`�:
<br /> `�,.`.� B�rowzs and L�eder at�fawise�-�r:�g cc��s a�::,;�:'•s L�w c���.�i�°.����r�..���s.'�all t�e applied to the "'�---
<br /> `r sums se�;�by tB�.s 5av.�iiy Ins�r�.:wh�c�not the sums are ther►�e. e . �.�"` -
<br />. ;'y;''-� If the Pcape�ty��audoned by Boaower,cr�',afte,r norice by I.ea��t3 isa�rrower that the condernnor offers to malce an , ,�
<br /> award or seule a c�far damaDes,Boirowea fa�s to respond m Lender w�r.3i�30 days afrra the date the notite is given,Lender . a:.::'t :.°.•
<br /> is anthniized to collect and apply the psoceeds,ai its option,either w restora�ion a;repair of the Property or to the sums seciued � � " • �'�-;�
<br /> '4 '�_:
<br /> . by tl�is Security Instrumenb whether or not dteai due. . '_,:3��.��--:.
<br /> Unles3 Letcdca and Bonower otherwise agree in�vciting,anY aPPlic�tion af proceeds to principal shall aot eatend or postpone � ...�
<br /> the due date of the monthly payrs►enis referred to in paragraphs 1 and 2 or change the amount of such payments. '�` _
<br /> ..��:
<br /> 11.Barrawep l�lot�eieased;Fmrbearaace By Lender Not e Waiver. Eatensior� of the time for payment or modificarion ' . '. , . �. _
<br /> , . of emorei�ation of the sums secured by�his Ses�uity Insocwaeui granted by Lendea to any su�cessor ia inteaest of Borrower shall .� �__ ,,�"z;� ,: "_
<br /> nut operana to release the liability of the original8orrowea or Borrowea's successars ai inteaest L,ender sha11 not 6e requ�red tn - -�� ='"": _
<br /> pera
<br /> commence praceedings aSainst eny successor In inta+est or refuse to entend dma for paya►ent or otheiwise modify amortization of � _�. . ?'� .
<br /> the sums secured by thia Security Instrument by reason of aay demand made by the originai Bonowea or Bormwer's successors . ;�� •
<br /> � in intaest Aay forbemance by Lender in exca�aisiag aay riBht or rcanedy shaU not be a waiver of or preclude the eaercise of any � .�'=". .
<br /> .�:M._
<br /> right or remedy. ,r:•�.� ._ � � _
<br /> � 12.Snccessors and Msigos Boand;Joint und Several Liab�ity;Co-stgners. The wvenants and agreements of this
<br /> ' Security Inst�ument sLall bind and benefit the saccessars and assigns of Lend�and Borrower,subject w the pmvisions of ( � %� '
<br /> . , paragraph 17. Bormw e r's covenants an d agceements s h a ll b e�m t an d sev e i a L A ny B o m n w e a w h o c o-s i g n s t h i s S e a a i ty -, r���:�� • �
<br /> aL
<br /> Instrument but does not execute the Note:(a) is co-signing this Se�rity Ins�nnent only w mortgage,gcant and convey that �- �.
<br /> • Borrower's�taest in the Pmperty under the tea�s of this Secinrity Instrumenx(b)is not perso n a Uy o b ti g a t e d to pay t he s�uns ''" '` ,.
<br /> ' � secured by this Sec�ity Iastrument;and(c)agr�es that Lendea and any oWer Borrowex may agr�eee tn extend,modify.forbear or ,:' •' _ .` `•
<br /> ag e
<br /> make any accommadaaons with regard to the terms of tLis Seauity insuument or the Note without that Borrower's consent ��� -
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<br /> � 13.l.oan Cba�ges. If the laan sec�nd by this Secauiry Insuament is subject to a la.�which sets m.aaimum laan chuges. �.�:-,
<br /> � and that�aw is Snally mte:preted so that the int�rest or other loan charges coLzcted or w be collecte3�connecuon with the Ioan .�.
<br /> ��'-�:a
<br /> ' exceed the p�mitte�llr�its,then:(a)�y sach toan ct�arge shall be reduced fl3y the amount aecess�y:�a°Wduce the charge to the :;�:,__�-°���-``.`�="•
<br /> � � pamitted limi�and(�?any s�ms already coUected&om Bmrower which eaceeded pamitted Wnits wi'?6s zefunded tn Bflrrower. �,��,;,�y-
<br /> I.ender may choose w maice this refund by reducing the pruicipal owed under the Noie ar by ma1�g a d'uect�ayrneni to .�..�'—�•_:__..
<br /> . Borrower.ff a nfund reduces p�incipal, the reducaon will be treaned as a pardal prepayment witho�.��Y P�P�ent charge ='��=-'`'� _
<br /> imder the Note. ,:.�'����
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<br /> 14.Notues. Ax�y notice to Botrowea p�v�;d for in this Sec�rity Irsnument shall be given by�e�+a�aing it or by mailuig it '�'
<br /> • by fust class ma�7�..-"iless applicable law requ:•r�use of another method. L'�se notice shall be direaed to the Property Address or ���
<br /> �'; any ot9ier aQdress Borrowea designates by aorice to Lender.My notice to Lender s�aall be given by first ctass mail w Lender's ., :a:i;�;;;s,.�:,�.;"�.,(�_
<br /> � address stated heaein or any othea address Ler.dea designates by notice to Bomower. My notice prov�ded for in this Security •":;tj r'.,y��.`' ' .. `,,:.�
<br /> Instrument shall be deemed io have beea►given:��ormwea or Lend�when given as provided in this Daragraph. ` ' .����_,�: _
<br /> ' ` IS.Governfng Lawi Severability. This �.uity Inswment shall be goveaned by fedeaal law and the law of the �' �„ <: •`�r;�s;, `
<br /> � E jurLsdiction in ahich ihe Property is located. In the event that any provision or clsuse of this Se��uity InsUUment or the Note �• • � ��`"``
<br /> ,•.,,.�,..,..=•.•.k��.. .
<br /> �.� confEicts with appllcabte law,such conflict shall not affect othe.r provlsions of this Security Insuument or the Note which can be : � �: .
<br /> � given effect without the conflicdng pmvision.To this end the provisions of this Security Instru,ment and the Note are declared to .
<br /> be seveaabte. . , • � ,
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