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<br /> j paymcnts mny no langcr bc required,ut ihe opdon of Lcndcr,if mortgage ins�rancc covcragc(in tho amount and tor the period '-
<br /> that L.cnder rcquire.$)provided by an insurcr approvcd by Lender ngain becomes avni�eble and is obtained.Borrowcr shall pay thc _
<br /> premiums required to maintain mongege insuranc:c ui effect, or�o provide a loss reserve,undl the requirement for mortgage -_
<br /> • insurance ends in accordance with any written ugreement between Borrower and Lender or applicable law. _
<br /> 9.Inspectlon. L.cnder or its ngent may make reasonable enuies upon and inspections of the Propeny. Lender shall give J
<br /> BoROwer nodce at the dme of or prior to en inspecdon specifying rcasonabls cause for the inspection. • , �
<br /> 10.Coademnation. 'Ihe praceeds of any award or claim for damages, dircct or conseciuential, in connecaon with any -
<br /> wndemnation or other taking of any part of the Property.or for conveyance in lieu of candemnadon,ore hereby assigned su►d _
<br /> shall be paid to I,ender. `
<br /> In thc cvent of a total taking of the Property,the proceeds sheU be applied to the sums secured by this Securiry Inslrument, �
<br /> whether or not then duc,with any aacess Faid to Borrower.In thc event of a pardal takin8 of the Prapercy in which the fair market ��
<br /> value of the Property immediately before the teking is eclual to or greater then the amount of the sums secured by this Security .,�,��;,;_�'
<br /> Instrument immediately before the taking, m►less Borrower and Lender othenvise agree in �vritln8� t1►e sums secured by this .,,;,_
<br /> Securfty Instrument shall be reduced by the amount of the proceeds multiplied by the foUowing fracdon: (a)the wtal sunount of ___
<br /> thc sums secured immcdiately before the talcing, divided by (b)ihe fair market value of the PropertY ir►►mediatcly before the --_
<br /> taking.My balance shnll be paid to Borrower.In the event of a partialal teking of the Property in which U►e fair merket value of the
<br /> ar
<br /> property immediatcly before ihe taking is less Iban the amount of the sums secured immediately before thc teking, unless }���-=�
<br /> Borrower and Lender otherwise agree in wridn8 or unless applicable law otherwise providrs,the proceeds shell be applied to the ����-
<br /> sums secur e d by t h L s S e c u r i ty I n s u u m e n t w h e t h e r or not the sums ere then due. ;�����
<br /> ' If the Property is abandoned by Bonower.or if,after notice by I.ender to Borrower that the condemnor offers to make an ,�—.;�
<br /> award or seule a claim for dameges,Borrower fails to respond to Lender within 30 days after the date the norice is given.I.ender
<br /> is auil►orized to callect and apply the proceeds.at its opdon,either tc�rescora.tion or repair of the Property or to the sums secured • ,
<br /> '�, by this Securiry InstivmenL whether or not then due. � -
<br /> Unless Leader and Borrower otherwlse agree in wridng.a�►Y apPlicarion of proceeds tn principal shatl not eatend or gostpone ;: ,. _
<br /> the due date of the monthly payments refem�d co w paraSraPhs 1 and 2 or change the amount of such payments. :.,;�4
<br /> � 11.Borrowu Not Rekased;Forbearance By Lender Not o Waiver. Extensian of the time for payment or modification .:.}. _
<br />_._-__ _ — of amortizadon of the sums secured by this Securlty Instrument granted dy Lender io any suu;c�„u�ini�"W^i af Eorm•�er� � � :.-,._
<br /> not operate co celease U►e liability of the original Borrower or Borrower's successors in interesG L,ender shall not be requked to �r. �.;
<br /> ' commence proceedinBs e8uinst anY successor in interest or refuse w eatend time for payment or otherwLse modify nmorti�adon of ,•�;;',�; ;
<br /> ' the sums secured by dus Security Instrument by m,3son of any demand made by the origiraal Borrower or Borrowu's successors ��:;t<<;: '-� :-�:
<br /> ' in t�itcresG M y forbearancc by L.cnder in eaer�9sing any right or remedy shall not be a waiver of or preclude the exercise of any ',_ � r
<br /> `� right or nmedy. 1 t. :
<br /> s 12.Succ�sore and Assigns Bound;Jofnt and Several Lia6Ulty;Casigners. 'Rie covenants and egreements of this a ,
<br /> � Security Ynstrument s h a ll bin d an d b e ne�t t h e successors and a5si g ns of Lender end Bonower, subjoct w the provisions of ��
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and seve�l. Any Borrower who co-signs this SecurFty
<br /> �� Instnunent but does not execute the Note: (a) Ls co-signing this 5ecurity u►swment only to mortgage, grant and convey tY�at
<br /> Bomnwer's�nterest in the Pcoperry under the terms of tt�is Security Instrument;(b)is not personally obBgated to pay the sums J�
<br /> secured by this Securiry Instrument;and(c)e�rees that Lender and any other Borrower may agree to extend,madify.forbear or -_ —_
<br /> �, make any accommodztions wit�regard w the oeims of this Securiry Inswment or the Note without that Boirower's consent �.;���_�:-
<br /> , . • � . i3.Loan Charges. If the loan secured by this Security Insnume�►t is subject w a law which sets ma�imum loan charges. C';��.,:._'uY--
<br /> and that law is fmally inte�►reeed so tt►at the intemst or other loan charges collected or to be collected in connecdon with the loan
<br /> " excced the penniued limits,then: (a)any such loan charge shall be reduced by the amonnt necessary tn reduce the chazge w tho �.`;�.., —
<br /> �� h xceeded 'tted limits will be refunded to Borruwer. "_--
<br /> �'c� permitted Wdt;and(61 any sums already oollect�d from Borrower whic e pemu ,�,T_
<br /> � Lendu may choose w mak�this refund by r�,ducing tS�c pri�tci�l owed undcr the Note or by malcing a direct Paymcnt to ���.•�.����
<br /> ent char e `�'``''
<br /> Borrower. If a refund reduces principal, the redccflon will be ueated as a partial prepayment wtthout anY P�PaYm 8 �.xsy�-
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<br />���' ; undcr the Note. •�`?,-.�.�:_
<br /> ' ' � ' 14.Notioes. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by maiing it :f,���s�::,_
<br /> „ ,� , by fust class meil unless appllcable law requims use of another method.The nodce shall be directed to the Property Address or ���r.��
<br /> , • . • any uther address Boaower designates by notice w Lender.Ar►y nadce to Lender shall be given by first class mail to Lender's ;�4`��`�=t�„�;`
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<br /> .. � � � sddsess stated herein or any other uddress Lender designates by nodce to Bocrower. My nodce provided for in this Security . �, ,��,:__�..
<br /> , , Instrument shall be deemed to have becn given tn Borrower or Lender when giv�n$s provided in this paragraph• � Y' '''-�%:-;�'
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<br /> 1S.Gove�ning L�w;Severability. This Securiry Ynsuumcnt shall be govemed by federal I�w and the law of the •• •: ._ - . :�� _:�� ' .
<br /> � - jurLsdiction in which the Pruperty is lacated. In the event rhat any provision or cL�use of this Securiry Instiument or the Note �`��';r-��+:.;:�::;'•
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instnunent or the Note which can be •
<br /> '. given effect withou[the wnflicting provision.To this end th�provisions of this Security Ins[rument and the Note are declaced to
<br /> be severable. ,
<br /> Form 302i �i90 •
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