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<br /> -_ . . •. RERECORL'ED9�� �('���"r ��,—�����
<br /> � , � paynients may ao tonger be required.at the opdon af Lender,if mortgage insurance coverage(in e ount or e period _ . .
<br /> ,'` that I.ender requires)Pmvided by an insurc�r aPProved by Leuder again becomes available and is obtained Bor�ower shaU pay . -
<br />� • . - `: the premiums require�l to maintain mortgage insurance in effect,or to pmvide a toss reservc.until the requirement for mortgage �; `
<br /> . -- - u�surance ends in acxordance arith any written agieement beiween Boaower and�ections o the Pmper[y. Leader shall give �
<br /> u� . . ,
<br /> -_ '---�"- g,Inspectioa.I.ender or its agent may make reasanabk entries upon and insp _ -- _
<br /> � . .�� gormwer natice at the rime of or prior to an inspe�ion sPecifYinS re�onable canse for the inspection. �' _.. _
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<br />-c. . 10.Condemnatloa. 'f'he pmceeds of any award or claim for damages•direct or consequential. in cannection with auy .
<br /> . , . ' `` �ondemnation or other taking of any pan of the Propercy,or for conveyance in�eu of condemnation.are hereby assigned and ' .- .
<br /> _ ;�-. ,.
<br /> ` `'; shall be paid to I.ender- . -; . `, .
<br /> � - '� In the event of a total taldng of t��P�Y•�Proceeds sha11 be applied to the sums secured by this Securiry Insm�ment.
<br /> :��•<<;..
<br /> wh�ther or not then due,with anY eaoess paid to Borrowec.In tfle event of a P �����of the sums secured by this � e• - ,.
<br /> ' ' market value of the Property immediatelY before the taking is equal to or greater , ; -
<br /> immediately before the taking,unless�orrower and l.ender otherwise agrec in writing,[he sums sec�ued by
<br />-,;. ; Sec�rity Instrumen� lied b the foIIowing fraction: (a)the total ,�.'? `:_
<br /> . this Securiry Instrument shall be re�tuoed by the amount of the pmceeds mu1tiP� Y P immediatel -
<br /> _ - immediately before the taking,divided by(b)the fair market value of the Pro erty ' Y , •_;,;,�1
<br /> _ ' . _ amount af tLe sinns secured� � of t}se Pro in cvluch the fair . . _
<br /> -` � � befoie the taldng. A�bala�s�be paid to Bormwer. Ia the event of a a1 ta�n8 P�Y • �' ., _
<br /> � ` market vatue of the Pc+operty immediatelY before the�aku�g�s t����°�t of the sums secured immediately before the :
<br />:��+,• .• �akiug,unless Borrower and I.ender otherwise agee in writing or untess a�plicable law otherwise provides, che praceeds shall . , ","—'
<br /> - t whether or not the sums are then due. .'�
<br /> ° . be apptied to tfce sams secured by this Secuciry�n _ , �
<br /> :E- .. - —�- . =-` �
<br /> � � If the Property is abandoned by Borrower.or if,after nodce by l.ender to Borrower that the condeamor offers to make an
<br /> :_ ` award or seule a claim far damages,Borrower fails to respoad to Lender within 30 days after the date the norice is given, ,.:�'.�
<br /> 1 the roceeds,at its oprion,either to restonrion or repair of the Properry or to the sums . ,a�_
<br /> '; ` Lender is authorized to collect and apP Y P �T
<br /> '` ' • � sec�ared by this Security lnstnuaent,w he t h e r o r n o t t h e n due. ���
<br /> t. ' lication of p r oceeds to rinci al shal� not exten d or �s=�
<br /> = 4� • • � `'.r` Unless Le n der an d Borco w e r o t h e r a r i s e a g r e e a t w r i t i n g, a n Y a P P P P .. �._' --
<br /> ��:° -
<br /> ' postpone the due date of the montWy payments refcrred�°in Pa�B�P�1 and 2 or change the amount of such payments• ;_..,�:Y�
<br /> ';'z 11.Borrowe�'1�Ioi Reteased+F°rb�e BY�der Not s Watver.Eatension of the time for payment or modiScation � �,
<br /> � � ' ' £ of amort�arion of the sums secured by this Se�unty Inst�umeat granted by I.ender to any successor in inte�est of Borrower shall .� . %.`;'�.•.:�.;}�y♦
<br /> . Borrower or Borrower's successors in interest.Leuder sLaU not be required to � {:�.
<br /> ' �� � not operate to release the liability of the original .` � �,,
<br /> co m n nence proceedin g s againsc any successor in inurest or refuse to eatend time for payment or otherwise modify amortization : }[�,;
<br /> . � of the sums secumd by this Secvrity Insaument by reason of any demand ma de by c he ori g i n a l Borrower or Borrower's .,. T.
<br /> , � Lender in eaercising any right or remedy shaU not be a waiver of or preclude the .a,�+,;�._,
<br /> '-:,t; � successors in interest. Any forbearance hy � , .."'"��i
<br /> ` esercise of any right or remedy �e ���� �d agreemenu of tbis ` _
<br /> � � 12. Saoc�sora and AssiSns Bound;Joi�and 3everal Liability; Co�3gne�s• • �,
<br /> � gecurity Insuument shall bind and benefit[he successors and ass�Sns of Lender and Borrower. subjecc to the provisions of ; �� �-;.,;�.
<br /> , . � paragraph 17. Borrower's covenants and ag�mems shall be joint and several. Any Borrower who co-s'i��nve that .. ' _'��;..
<br /> Instrument but daes not execute the Note:(a)is co-sigaing this Securiry lnstrument only to mortgage.gran Y ,
<br /> . _ ;,_.1. Boaower's interest in the Pcoperty under the terms�of this.�c�d any o her Borro>wer maY aSr�toy xb d�L�fY,forbear or _ - -�_,�`
<br /> sec�red by Wis Security Iustrument:aud(c)a8rec.. - =
<br /> .- • . ...' make any accommodaaons with regazd t��b �s Secu ry Insuuiaent is subject o a law hich tseu maximum toan charges. , �_�-�:
<br /> ' 13.I.oan C6arges.If the la�n Y
<br /> ' � �' and that law is fuially fntezpsecea so t1�a�the incerest or other loan charges collected or to be wllected ia conneccion with the �� �„_
<br /> � _� loan exceed the perniitted limits.then: (a)�collected frome Borrower which exceeded permitted limiutaidl�be refunded go : . , .
<br /> � to the permitted limit;and(b)anY swns alr y
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the Note ora y entka�rithaua�any '
<br /> paymeac to Bonov�er. If a refund reduces principal. the reduction will be treated as a partial PreP l+m ,
<br /> �.. . prepayment charge under the Note. -• •
<br /> � � �� 14.Notices.Any aotice u�Borrower provided for in this Security lnstcument shall be given by delivering it or by mailing
<br /> ' ' � it by first class mail uniess applicable law requires use of another method.The notice shaU be directed to the Property Address . :
<br />: . .. _ or any other address Borrower designates by notice tnde desei ates by aotice o Bonowerl Any notce pror ided fornin th s '
<br /> ��`� Lender's address stated herein or any other address Le �
<br /> �'; Security lnstrument sha11 be deemed to have been given to Borrower or Lender when given as provided in 4his paragraph.
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