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<br /> ma no lo er be at the option of Lender.if mortgage iasutauce coverege(ia the amount and for the petiod �`�' �`� � �
<br /> � P�9� Y � � � � ` - •
<br /> . • that Ixadec requites)Pmvided hy an insanr appraved by Lender again becomes availab2e and is obtained.Bomower shall pay �, .. . �.,
<br /> - . � the pnemiums teqni�ed to maantain mortgage insivancx ia effect,or to grovide a Zoss r�re.uon7 the requirement for mortgage Cfl � ��i�. �Y �':c
<br /> • ianttamx ends in acoordanse with aay wriuen a�eemeni beta+een Boaower aad L.ender or appiicab2e law. �: " . �
<br /> . �t - , 4.Iaapecflon. I.ender or its agent maq ma�e reasonable en�ies apon and inspec�ons of the Pcoperty. Lender shall give � � .: . -. _ .
<br /> . ,l'., �
<br /> � Bormwer nntice at the dme of or prior w an inspection specifying reasonable canse for the inspectioa '� •
<br /> 10. Coademtmi�a. The proceedc of any avuard or claim for damages.direct or consequeutial. in connecaon with anp � � ��'��` . _ .. .
<br />- , cand�aation or other taldng�f a�►part of the Property,or for comey�ance in liw of condemnation,are hereby assigned antl� , . �..t: ;,
<br /> p� ` �.�
<br /> r,r; " shali be d ta I.ender.
<br /> �. , � In tbe event af a Wtal taking of the Pmperty.the pmceeds shall be applied oo the sams secared.by tiiis Secnrity Inttcmuent.� .. ..; �°
<br /> � ':x;.
<br /> � .' whetLer or not then due.with any excess paid w Bouower. 1n the event of a partial taldng of th$PropertY i n w l u c h tLe fair j� ',,,�:..:,: . " _.
<br /> �; � � � mar�oet vaIue of the ProPertp imme�iaten►before the�iug is aqaat to or gi�ter than the ammmt of the sams secured by this , .. ,� _
<br /> .� Secatity Iastrmment�mediately befoie the taking,unless Bonower and Ieader otherwise agsee ia writing,the svms seraued by �:;'�',�`•wL:�_,,.; -
<br /> • ' � this Sewritp Instnrment shall he�edaced by the amouut of the pmceeds mnitiplied by ci�folIowing fiactinn: (a) the total ,�''� . _
<br /> � , .
<br /> • . amount of the sams sewred immediately 6efore the taking,divided bY @)dte fair marlcet vatae of the Property immediatelY � � •:��-.
<br /> � . before t�tal�nS•AaY balance shall be paid w Bauower. In the event of a partial ta�g of the Pmperty in wlricti the fair ,. • :����
<br /> ` ' �. .. ' market vafie of the Propercy immediatety before the tatan8 is less t�an the amoant of the soms secured immn�ti.�tgly befone thE . � •
<br /> � � � - talung,uNess Bormwer and Lender otherwise agree in wdting or antess applicable law otherwise provides,t6e proceeds sball ,_ -
<br />.���`. ' ' � 6e applied to the sums secnred 1sy this SeQUity Im�t�ament whether os nnt the s�s are thed dne. .. � _
<br /> _ . If the ProPert3►is a6andoned by Borrower,or i�after gotice by Lender w Bamower that the coudemnor offers W make an ..�:.:�', -�.-_-_
<br /> ' � •s.�: award or s�tle a claim for damages, !3orrower fa�'Is to respand to Lender within 30 daqs after the date the notice is given. -� ': �..—_
<br /> , , Lender is su�horiud w collect and appt9 the pmceeds,at its option.either w testosation or re�air of the Pmperty or to the s�s ' '='�;�:�s`�'_
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<br /> , � .� secated bq this Securitp Insavment,whether or not then due. , { ���'�'�'
<br />_ . .. ,.:°,.;,�!< Unless Lender a�d Bormaver othecKnse agcee in writing, anY aPPI[cation of prosee�Ls ro p=incipzl shall not extesW or `• �,:a _ .-
<br />;;,`: 4� . Post�one the dne date of the mnnd�ly payments refeaed to in paragiaphs 1 and 2 or change the amonni of snch papments.
<br /> : -� .-�;�,
<br /> �� il.Borrower Not Released;Forbearance By Lender Not a Watver.Sxtension of the pme for payment or modificadon � �:.;-_
<br /> ' �� • of amosta�ation of the svms se�uned bq this Se�a�rity Instmment gp�anted bp Lender to any saccessor In interest of Bortower sLa11 " � ` '`;� -
<br /> ; - O a �� �r�. .�:
<br /> ` , , , .' ... nos operate to s�elease tte liability of tbe oiiginal Bormwer or Bortower's saccessois ia intei+�sG Lender sbaII not be m,cprired to . , ,,,�.
<br /> co�nence pmceedings against any snccessor ia interesc or refase w extend f�e for payment or otherarrIse modify amnr�Zation .` .5.'�'-
<br /> ' of the spms seaued by thls Secarity Insuwnent by reason of anq demand made bq the original Bornnwer oT Bomnwer's '' t:� —
<br /> r..;
<br /> ' � � successois in interest. Any forbeazance by Lender in exercisin�anY right or remedy sLall nnt be a waiver of or p:ecinde the . ;�'+�";;.;:
<br /> _��r . . � ' - j exen�se of any right oi remedy. ` : ' siK
<br /> �
<br /> � - 12. Successors suid AsslSas Bo�dt Joint aad Several L3abiUtq; Caslgne�s. The covenanis aud agreements of this � .�'.4:�:,:�-_.
<br /> . . . Se�rIty Insaument s1�a11 biad and benefit the saccessars and assi�of Lendec and Borrower. sub,jerc to the provisioag of � . .� .;�;�_'.
<br /> ' '. - paragreph 17. Borr�wec's covenants and agreemenu s1�aU be joint and several. Any Boaowes who co-signs this SecuriEy � .,':��; •'v i��_
<br /> , lnstmment bnt does not execute the Note:(a) is co-slgning this Se�a�rity Iusuument only to mortgage.Srant and comrey that ,.':,°_ .
<br /> • Borrower's inierest in the Property under the tetms of t63s Sr�auity IaSUUment:(b)is not personally obligated to pay tha suma ,: � :.` '�°�-
<br /> . ' • . secaued by tltas Sewrity Instiament;and(c)agrees that Lender and any other Borrower may agree to excend.modify,fo�6ear or • • . � -_
<br /> • ' make any accvmmodadoms wIth regard w the teims of this Security insuument or the Note without that Bonower's conseni. • �`,_
<br /> : • � 13. Loan Charge9.If the loan secated by tUis Securiry Ia�tcument is sabject to a law wluch sets maaunum Waa c8arges. . . . '�
<br /> _ �' � and tLat law is fwaily interpreted so that the interest or other loaa cbarges coltected or to be coliected in sonuecdon with the • •%�-
<br /> - � . . - loaa exceed the peffiiaed limlts,then:(a)a�r such toan charge shaU be reduced by the amouat necessary to reduce the charge _ .�=_-
<br /> � , ta the pemdtted limit:and(b)anY sums already wlle�ted from Borroarer which exceeded pemutted limita will be refunded W � . --;
<br /> ' ' Bou�wer. Lender may chaose to m�ke this refund by reducing the pzincipal owed undes the Note or hy mafdng a disect �. �„
<br /> uo
<br /> . payment to Borrower. If a cefund reduces priacipal, the reducdon will be t�eated as a partial prepayment without aaq .. . � .
<br /> , • .. prepayment charge ander the Note. � . ' •. . �.
<br /> . 14.Natice9.Any ttodce to Borrower pravided for in this Secatiry Iasuament sha11 be gl•ren by deliveiing it or by mailing • �:. .
<br /> �� ' ' it by fiist class mail unless applica6le law requires use of another method.The notice shall be directed to the Properiy Address • .
<br /> �. �%� or any other address Borrower designates by nodce w Lender. Any notice to Lender sLaU ba given by Srst c�ass mail to • .
<br /> ' ' i Lender's addres9 stated herein or any other add�ess Leuder desigaates by norice to Borrow�er.Any noticc prov2ded for in this . .
<br /> ' j Security lnstn�ment stiaU be deemed to have been given to Bomawer or Lender when given as provided in this paragraph. . , _ , ' ,
<br /> t 15.Goveming L�w; Severability. 7bls Security Iastcument shall be govemed by federal law an� the law of the �
<br /> � � jurisdiction in which the Property is located ln the event tLat any prwision or clause of this Security Instrument or the Note . ;...
<br /> i conflicts with applicable law.such waflict shall not affect other provisions of this Security Insuument or the Note which can be
<br /> . i given effect without the confltcdng provision. To this end the provisions of this Secwity Instiument and the Note are declared • .
<br /> ' j to be severable. . '
<br /> . ' . 16.Borrower's Copy.Borrawer shall be};iven one wnfoaned wpy of the Note and of this Securiry lnstrument. . .
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