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<br />' � • . ° pay���y�longer be req�ired.at the option of Lender.if mortgage insurance coverage(in the amoun[and for[he period _ . .. ,. _ '
<br /> • [hat Leader requires)Pmvided by aa insurer approved hy Leader again becomes available and'es obtained.Bonower shatl pay ` . . ' . .
<br /> " _.,� �e pre���¢quired to maintain mongage insurance in effect,or to pmvide a loss reserve.untit the requirement for morcgage _ (_ .y.`� `,
<br /> ��``"=' insuraace ends in accordance with aay arritten agr�emeat between Borrower and Lender or applicabte law. -- _
<br /> � . _ • g.la5pectFon. Lender or iu ageat may make ceasonable eatries upon and'uispec[ions of the Property.Lender s�all give ` . .
<br /> . ` Bortower nouce az the time of or prior to an inspection specitYing r�sonabie caiue for the iQSpeccion. °• c ,�.��'���..
<br /> � ' � 10. Coademnatton.The pmcReds of any award or claim for damages.direcc or coasequential, in connection w�th az►y _ ,• �. :�
<br /> . � . �n d e m n a uon or other taking of any part of the Pmperty,or for conveyance in lieu of condemnation,are hecebY assiSned and __ t� . ;
<br /> .f , - ; shall be paid to I.eader. :
<br /> In the event of a totai taking of the Property.the Pmceeds shall be applied to the sua�s secuted by this Security lnsuument, �, .
<br />. ` wh�her or not then due,with any excess paid to Borrower. In the event of a partial taldng of the Property in which the fair . �,
<br />� ' . market vatue of the PcopertY immediacely hefore the taking is equal w or greater than the amount of the sums s�iry this .�,,:�.
<br />� ' � `'° gecvrity Instn�ment imme�liately before the taking,unless Borcower aad Leader otherwise agcee in writing,th$sums secured by ; ;`�.;•.;-: •,_,,.
<br /> ' � � tLis gecuriry Instmment shall be reduced by the amount of the praceeds multiPlied by the following fraction: (a) the toral �=
<br /> �.�: � , . 1 a m o u n t o f the sums secured immediately before the taking,divided by(b)the fair market value of the PropeccY immediately ,
<br /> � � befote the talcing- AnY batancc shall be paid to Borrower. I n t h e event o f a p a rt i a l t a�d n g o f t h e P m p e r t y i n w h i c h t h e f a i r .._�: . --
<br /> � . market value of the Propert}►immediueiy befone the taIdng is less than che amount of the sums secured immediatelY before the .. �'-
<br /> , � - taking,unless Boirower and L.endec otheiaise agree ia writing or ualess applicable law othervirise provides,the proceeds sha11 ..� �. _-.-
<br /> •�. .� .,.�
<br /> , .. be applied to the soms secuced by this Security Insnument whether or nat the s�uns a:e thea due. —. •
<br />- . . . . •� ��e p�operty is a.�ndoned by Borrower,or if,aftcr notice by Lender to Borrower that the condemnor offers to malce an '�- •,��:_—
<br /> � ( ..�,, -
<br /> award or settle a claim for damages, Borrower fa�7s to respond to Lender witLin 30 days after the date the notice is given. �
<br /> I the roce�ds,at iu opaoa.either to restoration or repair of the Property or to the sums �•'
<br /> Lsnder is authorized to coUect an8 aPp Y P . r • :T•
<br />- ._., , �,t secured bY this Secwrity Iasaument,whether or not then dae. .,._. -- :�``_-`�T
<br /> � lication of roceeds to rincipal shall not excend or :: .,;A=--=
<br /> . "t Unless I.ender aad Borrower oth e r a�i s e agree i n w ri t i n g, a n Y a P P P P .. !•�';_
<br />_ . •�� postpone the due date of the uionthly paywents referced to in paragmphs 1 and 2 or change the amount of such paymenu. .':' '_,�_ -�
<br /> 11.Borrower Not Reteased;Forbearance BY Lender Not a Waiver.Extension of the time for payment ar modiRcation .�,,,..,�
<br /> ; .. . ::��=,��•
<br /> ' of atnortization of the sum4 secured by this Secvriry Insuumeac granted by Lender to any successor in interest of Bnrnnwer shall . .. ;_;�_
<br /> � . • .� not operate to release the liability of the original Bonower or 6nreower's succcs.sors in interest.Lender shaU not be re,qaired to : • j;.=,�.`;
<br /> ' .� •f'�::�'�,�=,
<br /> . ����prQ�ings against any successor ia intetest or refuse to eatend time for payment or othernise modify aiaortization .F��„
<br />'' � • . . _.•�__::
<br /> of the sums secured b3+ tlus Security lnst�nt by reason of any demand made by the original Borrower or Borrower's ,.;,.
<br /> : ;,� successors in interest. My forbearance by Leader in exercising any right oz remedy shall not be a waicer of or prectude the _;�
<br />_ • .. ,� exercise ot any ri g ht or remedy. � �=
<br /> .t 12. Successors and Assigns Bound;Joi�Y an� Several Liability; Co-slgnecs. The covenants and agreements of this :'`',�_Y
<br /> _ • � " �'� , gecuriry Instrument shall bind and beatefit the successors and assigns of Lender and Borrower. subject to the provisioas of , �:-�;:�.
<br /> • • ' 'f P�S�Ph 17. Borrower's covenants aad agreements shall be joint and several. Any Borrower who co-signs this Securiry •., _�'_
<br /> � _ ,_ .._:..�.. � Insmiment but does not eaecute the Note: (a) is co-signing ttus Security Ingtrument onty to mongage, grant and convey that .�_
<br /> ���
<br /> Bonower's interest in the Property under the terms of this Security Instrument;(b)is not persona3ly obligated to pay the sums =.,__
<br /> � ' sect�red by this Securiry Instrument;and(c)agrees that Lender ac3 any other Bonower may agree to extend,modify,fc.�ar or . ,'`�_
<br /> - make any accommodarions with rega:-�:to the ternis of this Securiry lnswment or the Note without that Borrower's consent. " �� , ,�_.
<br /> � � • l3.Loan Cha�ges.lf the loaa secwed by this Security Instrumeat is subject to a law whIch seu maximum loan charges, ' ,' :�j�_
<br /> � � and that law is finalIy interpreted so that the interest or other loan charges collected or to be collected in connection with the _ ,
<br /> . loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amouat necessary to reduce the charge .-r,
<br /> •• . � to the permitted limit;and(b)anY sums already collected from Borrower which excecded permitted limits will be refiutded to '.•.`•F;t_,..:. ..;,
<br /> Bonower. Lender may choose to make this refund by reducing t he princip a l ow e d ua�er t h e N o t e o r b y m a k i n g a d i r e c t .
<br /> !'� �_ payment to Borrower. If a refund reduces principal, the reduction will be treated zs a partial prepayment without any
<br /> � ' . prepayment charge under the IVote. � .;
<br /> `� � 14.Notices.Any notice to Bonower provided for in this Security Instrument shall be given by Z:;i��ering it or by mailin$
<br /> , ' • ' it by fisst class mail unless applicah?e law nequires use of ana�:r method.The notice shall be directed to the Property Address
<br /> •� , , or any other address Borrower designates by no[ice to Lender. My notice to Lender shall be given by fitst class mail to
<br /> • '! L.ender's address scx:ed herein or any other address Lender designates by notice to Borrower. Any notice provided for in tt�is _
<br /> �� Securiry Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. - . . . .
<br /> 15.Governing Law; 5everablliry. This Secnrity lnstrument shall be govemed by federal law and the law of the .
<br /> � � jurisdiction in which the Property is located. ln the event that any provision or clause of this Securiry lnstrument or the Note : � _ �
<br /> � , conflicts with applicable law,such conflict shall not affect other provisions of this Security instrument or the IVote which can be .
<br /> � given effect without the confliciing provision. To this end the provisions of this Security Instrument and the Note aze declared
<br /> . • � co be severable. � ' .
<br /> � � 16.Bosrower's Copy.Borrower shall be given one wnformed copy of the Note and of this Security lnstrument. ,
<br /> . 1 Form 30 1
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