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<br /> } payments may no longer bc requircd.at the option of Lcndcr, if mortgagc insuruncc wvcmgc(in thc amount und for thc period �.r.,
<br /> ; that I.ender requ�res)provided by as►insurcr approved by Lcndcr agnin becomes avnilablc nnd is obuuned.Bortawcr shall puy thc ,
<br /> I premiums required to maintain mortgege insurance in effoct, ar to providc a loss reserve, until thc rcqui�rement for mortgage ;
<br /> � insurance ends in accordance with any wrluen agrcement between Bortower and Lender or applicable law,
<br /> •,�� 9.InspecNon. Lcnder or its agent may mr,lce reasanable cnMes upon end inspecdo�is of the Property.Lender shall give �' �
<br /> '� Bonower notice at the tlme of or pdor to an inspection specifying retuonablo cause for tha inspection. • ''�:�-
<br /> 10.Condemnatbn. 71�e proceeds of any award or c1alm far damages,d'uect or consequential,in connecdon with any ,;���;_�
<br /> condemnauon or other taking of any part of the Property,or for conveyance in licu of condemnation,ere hereby s�ssigned and �'_��:��
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<br /> shall be paid w I..ender. ' �__
<br /> In the event of a totel taking of the Property,the proceeds shall t�applied to the sums secured by ihis Security Instruntent, 5*,-'•°
<br /> whether or not then due,with any excess paid to Borrowcr.In the event of a pardal taking of the Property in which thc fair market =;`•
<br /> value of the Property immediately before ihe taking is equal to or greater then the amoimt of the sums sec:ured by this Security ' _
<br /> Insttument immediately be'_'oce the taking,untess Borrawcr and I.ender otttenrise abree in wtlting, ihe sums secttre,�i by this '=.�� �
<br /> Security Instrument sf�l te reduced by the amou�►t of the proceeds muldplied by the following fractian:(a)the wtal amount of "�`_'-
<br /> the stuns seGUred im�rted:zcely before the taking, divided by (b) the fatr market value of the Property immediately before the _
<br /> c�lcing.Any bntence shell lve paid to aomo�ver.In thc event of a partial taking of the Property in which the fair market value of the �—
<br /> Property immcdlately befcsrc the taki�g is less than the amount of the sums secured immediately bcfore the taking, unless ;
<br /> Bonower and Lender otherwise agree in wddng or unless applicable law otherwise provides,thc proceeds shall be applied to the ;;{;e,';•�:
<br /> . . sums secured by this 5ecuc.ity Instrument whether or noi the sums are then due. � "`�`�F'%r:
<br /> h If the Pcnperty u abandoned by Bonower,or if,after nodce by Lender to Borrower ihat the co�dems�or�fFers to make an .;;��;;_.��.'�
<br /> award or seule a claim for damages,Borcower fails to c+espond W Lender within 30 days after ihe date themopce is given.Lender �.�:,,_
<br /> ��� is authorized W collect and apply the proceeds. at its option,either to reswradon or repair of the II'rope.rty or to the sums secured �'�-
<br /> �:..'.:.,.
<br /> by this Securiry Instrumea►t,whether or not then due. '��
<br /> _ =_� L'iucSS i.iaiuu wns°u3I7v"�iCC OS�:Ct':.'=�.'9e'TL��Z=:°.:3?.l.R�.ESli�PP'rati �nf�r.ru�nr�lc rn nrincinal st�all not ex2cnd or post�one �t��
<br /> the due dat�e of ths monthly payments referred to in paragr�phs 1 and 2 or change the amount of such paymcnts. �
<br /> 11.Borrower Not RelcASed;Forbearance By Lendcr Not a Waiver. 8atension of the dme for payment or modification ��=—��
<br /> af emord7ation of the sums secured by this Secudty Instniment granted by Lender w any successor in interest of Borrower shell �°
<br /> not o�xrate to release the liability of the odginal Barrower ar Borrower's successors in interes�Lender shall not be required to •=�
<br /> commence proccedings against any successor in interest or refuso to extend time for payment or otherwise�odify emordzadon of ��—=�
<br /> � the sums secured by this Securiry Inswment by rea5on of any demand madc by tho original Bomnwer a BOROWCC�9 SUCCtSSO(S .�
<br /> in interes�.Any focbearance by L.ender in eaencisng any dght or remedy shttll not be a watver of or pralnde tha eaercise af eny
<br /> tight or rcmody. _
<br /> 12.Succeasors aud Aseigns Bonnd;Joint and SeverAl Li�bflity; Casignere. 'Ihe covenunts suid a�ocmeats of this
<br /> Secuslry Instiument shaU 6ind end benefit the successocs and assigns of Lender and Sorrowec,subjtct W the provlsions of
<br /> paragraph 17. Bamwet's cove,nants and e�r�eerr�ents shall be jofnt and scveral. My �ocrower who casigns this Secutity .;��.
<br /> Instrument but dces not eaocute the Note: (a) Is co•signing �his Sxuriry Inswment only to matgaga,gra►►t and convey that ����..-
<br /> • Sarower's intezest in die P[operty under the tcims of this Securiry Insmtment; (b)is not person2Uy obligatcd to pay thc sums �. •:_�.-._
<br /> securcd by this Sccurity Insrniment;and(c)egrees that Lender nnd any other Bo�rrower may agree to eatend,modify,forbear or �_,�
<br /> • malcc any accommodations with regard to the oemis of tl�is Securiry Instrument or the Note without that Bomower's consenG �":
<br /> � 13.Luan Chnrges. If the loan socured by this Security Inswment is subject to a law which sets maximum loan clharges, �'
<br /> and that law is finally intespcetetl sa that the interest or other loan charges collected or w be wilected in connecdon with the loar► �_� _ ___
<br />- . ,� eaceed the pr�miuod limits,then:(a)any:ach loan charge shall be reduced by the a-nount necessary W reduce the charge to the _
<br /> peimitiod limi�and{b)any cums already coUected hom Bonower which excceded permiUed limits will be refunded to Bonowet.
<br /> ' 1 Lender may choose to make this refund by rcducing the principal owcd under the Note or by maldng a direct payment to __
<br /> _� ' Botrower. If a rcfund reduces principal,the rrducdon will be treated as a parti�tl prcpayment without any(uep�ymet�t charge , -
<br /> , under the Note. --
<br />- 14.T�totioes. Any notice to Dorrowcr provided for in this Security Instniment shall be given by delivering it or by mailing it .��;�=_-
<br /> by Grst class mail unless a.�pli�able law cequires use of another meihod.'Ihe notice shall be directed to the Property Adclress or �:�.��_,__.-
<br /> any other eddress Borrower designates by notice to Lender. My notice N I.ender shall be glve��by first class mail to Lender's '���-�;:r_
<br /> � address stated herein or any other address Lender dcsignatcs by notice w Borrowu. A.ny noBcc provid�d for in this Security �-�;;;;�'�`a�;��;:
<br /> Instrument stiall be deemed w have been given to Hocrower or Lendcr when given as provided in t�is paragraph. -:".��;,;;;�':`••�;
<br /> IS.Gaverning Law; Sevenbility. 'It►is Security Instcument shall be govcmcd by foderal law and the law of the �".��;: .s. `
<br /> jurisscliiction in which the Property is located. In the event thac any provision or clause of this Security Instcuument or the Note '.; .'.-.":
<br /> conflicts with appllcable law,such conflict shall not affect other provisiQns of this Socurity Instrument or the Note which c�u►be •, '�.'-:
<br /> ' given ef�'ect without the conflicting provision. To this end the provisions of this Securiry Instrument and ihe Note are declared to , '
<br /> be severable. �
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