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<br /> • � � •� payments may no[oager 6e n�uired.az the option of Lender,if mortgage i�uran verage(�n amount and for the period •��•.� -, . • ;;�•
<br /> . � < that Lender �equires)prnvided by an insurcr approved by Lender again beoomes available and is obtained.Borrower shall pay �"` ,- . <
<br /> ; - -""'`�� �e����w��rt,.�nra:,,�rtgage im�urance in effect,or to provide a loss reserve,until the requirement for mort�e
<br /> - --- - insurance en�iu awo�aai��:�aa3�:xi�t s��'�n R�rmwer and Lender or apDU�le law. - k--- �
<br /> , :�.` `:� '. 9.Laspecttoa.Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shatl give <:, �;���_
<br /> • • � . B o r r o w e r n o rice at the time of or priar to an inspecdon specifying re:uos�able cause for the inspection. ' �� �' :..= '�. �
<br /> , . ;..��• 10. Coademnat�on.The praceeds of any award or claim for damages.direct or oonse�ueud a l. i�coan e c tioct w i t h a n y .
<br /> '" <. '. ''� condemnation or other taking of any part of the Property.or for conveyance in lieu of candemnaJion, are hereby assigned and ���
<br /> ,�=��_,-Y :- _ _-
<br /> , .. . sha116e paid to Lender. Instrumen� .
<br />- • In the event of a total taking of the Property,the proceeds shall be a�slied ro the swns s�cured bY tws SacuritY ;.,.•� .. :. . �� .
<br /> � : , whether or not then due,with any excess paid to Borrower.In the event of a partiaL takiuS of the Pr°Pe�Y�W���e�r �
<br /> ., �, �,:..:�v_
<br /> - -• '' •° market value of the Property immediately before the taking is eqnal to or greater than the amount of the swns secured by tl�is _.,.;.-__`_^,__- _
<br /> ' ' . : _ � , ._ ._:
<br /> •,�;u:. ';; SeauitY Inswment immediateiy before the taking.unless Borrawer and Lender otherwise agree in writing,the sums s�by� :��,...y . , ,,
<br /> • t h i s gecuri ty It�trunnem st�all be reduced by the amount of the proceeds multiplied by the following fracqion: (a)the tatal _ _ .r.-.-„:,�_.
<br /> amount of the sums secured imme�liatelY before the takisg,divide�by(b)the fair market value of the Property immediatelY � —
<br /> • before the tatdng. Any 6aiance shall be paid to Barrower. In tlie event of a partiai caking of the ProPertY �n wlucb the fair � ,�_._:r
<br />� `. � _ maricet value of the Property immediatety before the taking is less than the amount of the sums secured immediately before the . _ �
<br /> �_ taking,unless Borrower and Lender otherwise agree in wrlring or untess applicable law otherwise provides,the proceeds sha11
<br /> `�, be applied to the sums serured by this Security Inst�ent whether or not the sams are then due.
<br /> '` � If the Praperty is abandoned by Borrower,or if,after notice by Leader to Borrower that the condemnor offers to make aa ' .
<br /> �` �- � - award or settle a claim for damages.Borrower fails to respond to Lender widiin 30 days after Ehe date the notice is given, �.; ,, .-•.>
<br />. ' Len,der is authorized to wllect and apply the proc,eeds.at its option.either w restoration or repair of the Property or w We sums - __
<br /> '':` ``---_-� secured by tltis Secarity Inittument.whether or not then due. , _ =�---
<br /> Unless i,ender and Borrower otherwise agree in wricing, any aPPlccarion of proc�eds co principai sha}1 not extead or __
<br /> �'•� hs i and 2 or chan e the amount af such payments. ,��-
<br /> , . � postpone the due date of the monthly paymenu refemed w in paragraP g . ��> ._
<br /> � 11.Borrower Noi Released;Forbearance By Lender Not a Waiver.Extension of t.he ame for payment or modifiration .:' .�r��.c�^-
<br /> � ' � of amortization of the sums secured by this Security Instrument granted by L.ender to any sucressor in interest of Borrower s h a l l � ��___�-
<br /> , •,- � not operate to release the liahility of the original Borrower or Borrower s suocessors in interest. Lertder shall not be required co ��•-,: ,.K,,�._
<br /> . ,,G� „ ., commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization .-��,.
<br /> � ' of the sums secured by this Sec�rrity Incuument by reason of any demand made by the original Borroaer or Borruwer's � - _,r���
<br /> ' ' �• �`• • successors in interest. Any farbearance by Lender in exercising any right or remedy shall not be a waiver af or precWde the <; ,:;,y__-
<br /> f ,': << W
<br /> ' exercise of any right or remedy. _
<br /> • 12. Succ�ssors and Assigas Bound;Join3 aud �everal Liability; Co-stgners. The wve��ants ai►d agreements of ttus _
<br /> • .' ,. Security Instniment shall bind and benefit the successors and assigns of Lender and Borrower, subjeet to the provisions of ':.�1�_
<br /> ' • • � paragraph 1?. Borrower's covenants and agreemenu shall be joint and several. Any Barrawer who co-signs this Security
<br /> ' � � Instrument but daes nat exe�.-ute the l�iote: (a) is co-signing this Security Instrument only to mortgage.grant and convey ihat �, _ _
<br /> " • �� -� .. Boaower's interest in the Property under the terms of this Security Instrument;(b)is noi personalty odligated to pay the sums ,,.,k.. �,-„-�_
<br />•• �' ._ ` secumd by this Security Instrument;and(c)agrees that I.ender and any other Borrower may agree to eatend,modify.forbear or ,,:� �.�:
<br /> � • � :, _' m�ke any accommodations witb regard to the terms of this Secvrity Instrument or the Note without that Borrower s consent. _�,__.�.-
<br /> . ' 13.Load Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, :, _ -
<br /> . � and that law is finally iaterpreted so that the interest or other loan charges collecteA or to be collected in connectioa with the � �. ' _ _=-
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the char�e :-.+. .-.•. __ _
<br /> . , . to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits wiU be refunded to �-..�::,,_`�—'
<br /> . Boaower. Lender may choose to make this refund by reducing the.principal owed under the Note cs by making a direct
<br /> payment to Borrower. If a refund reduces �rincipal. the reduction will be treated as a partia! pn.=payment without any �
<br /> ; � prepayment charge ander the Note. - ''``_
<br /> • .. 14.l�iottces.Any notice to Borrower provided for in this Security Inswment shall be given by delivering it or by matling
<br /> � � . it by firss class mail unless applicable law requires use of another method. The notice sha11 be directed to the Property Address , --.. -
<br /> �ti�,. . . or any other address Borrower designates by notice to I.ender. Any natice to Lender shall be given by first ctass mail to • . .;
<br /> �- Lender's address stated herein or any other address Lender designates by notice to$orrower. Any notice providal for in this
<br /> , ���.• : • ,
<br /> �� � � . Security lnstrument shall be deemed to have 6een given to Borrower or I.ender when given as provided in this paragraph.
<br /> � � 15.Goveminfi Law; Seve�bility. This Security lnstrument shaU be govemed by federal law and the lssw of the
<br /> � jurisdiction in which the Property is located. In the event that any provisian or elause of.this Security instrument or the Note • ��
<br /> � � ' oonflicts with applicable law.such conflict shall not affect other provisions of this Security Instrument or the Note which ean be
<br /> ' � . given effect without the conflicting provision.To this end the provisions of this Security Instcument and the Note are declared
<br /> ` � to be severable. ' •
<br /> , . . ' � �� 16.Borro�ver's Copy.Borrower shall be given one conformed copy of the Nate and of this 5ecurity Instrument. . . .
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