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<br /> puymcntti muy no longcr bc rc�uircd, at thc option of l.endcr, if�»��«6usbccomcs uva I blc und i`i��u�ednBoraowcrlshu I pay
<br /> thut l.endcr rcyuires) pruvidcd by un insuror upprovcd by Lcnder uguin =
<br /> th�premiums reyuired to muintuin mortguge insurance in ef'fect,or to provide a loss reserve, until tt►c requirement fc�r m��rtguge ;,���
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<br /> insurance ends in uccordnnce with nny written agrcenunt between Borrc�wer and l.ender or applicuble luw. �N
<br /> . ��. lnspect6on. I.�ncicr or its agent may make rcusonuble cntries upon and inspcetions of the Properry. Lcncler s�iu�� 6�ve
<br /> Borrower nc�tice at the time of or prie�r to un inspection specifying reusonuble cause ftror�consPeuential, in connectian with un
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<br /> !0, Condemnattan. "fhe procecds of m�y nwurd or cluim for d�muges. direc �1
<br /> ' '�� ` condcmnution ar othcr tnking of any pan of thc Pmperty,or for convcyuncc in lieu of condemnation, ure he�eby assigncct and
<br /> r'j"""�� shall bc paid to I.cndcr.
<br /> — In the event of a totul tuking of the Property, the proceedti shall be applied ta the sums secured by this Securiry Instrument.
<br /> + ' whcther or not then due, wich uny excess paid to Horrower. In thc event of a partiul takinb af the Property in which the fuir •�,;'�
<br /> �� market valuc of thc Property immcdiately beforc thc tnking is cqual to or greatcr than the umount of thc sums sccured by thls �;_
<br /> x Security Instmn►ent immediatcly befote thc wking. unless Iiorr�wcr und l.ender otherwise agrec in writin�,the sums securc.�i by c `_
<br /> �- this Security Instrument shall be reduced by the amount of the proceeds multiplicd by the following fractian: (a) thc total –
<br /> umount of thc sums sccured immediatcly before the tuking, divided by (b) the fnir market value af thc Property immediately _.
<br /> before tl�e taking. Any balance shall be paid to Borrower. In the event of a part�al takin� of the Property in which thc fair `
<br />=r��.','�_'A��' market value of the Property immediately before the taking is less than the amount of the sums sec:ured immedintely before the
<br /> ' • takinB, unless Borrower u►►d Lender otherwise agree in writing or unless applicnble law othenvise provides, the proceeds shnll `
<br /> �•� �"'� �e applied ta the sums secured by this Security Instrumcnt whether or not the sums are then due. -_
<br /> " Jf thc Propeny is abandoned by Borrowcr,or if,a�ter notice by L.ender to Barrower that the condemnor offcrs to make an –
<br />.�:;.�:';�; awurd or settle a claim for damages, Borrowcr fails to respond to L.ender within 30 days after the date the notice is given.
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<br /> L.ender is authorized to collect and apply the proceeds,ut its option,either to restoration or repair of the Property or to che sums
<br /> -...�,K � secured by this Securiry instrument,whether or not then due. –
<br /> `� Unless Lender and Bonower othenvise ngree in writing, any application of proceeds to principal shall not extend or
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<br /> postpone thedue date of the manthly payments referred to in paragraphs I and 2 or chnnge the amaunt of such payments.
<br />,..�;;�,.;; 11.Borrower Not Released;For6earance By Lender Not a Waiver. Extension of the time for payment or modification
<br />'-;'`?�''•� � of amortization of the sums secured b,y this Security Instrument granted by Lender to any successor in interest of Borrower shall
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<br /> ' �.��» not operate to release the liability of the original Borrower or Borrower's successors in interest. I.ender shall not be requ�r to
<br /> -�a;�,�� commence pn,c:c�xli�ibs:.ga�r.st�:y su=-ess�' ir�ri?''recc or refuse to extend time for payment or otherwise madify wnortization
<br /> r�� "v of the sums secured by this Security Tnstrument by reason of any demand made by the originat Horrower or Born�wor'�
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<br />;'=:-`_i��.�-�, successors in interest. Any farbearance by [.ender in exercising any right or remedy shall not be a waiver of ar preclude the _
<br />'``•�;ur�••�' exercise of eny right or remedy.
<br /> �_�;:a Co•si ners. The covenants and agreements of this
<br />--�-__�.F;,,,7 12. Successors and Assigns Bound; Joint and Several Llability; s
<br /> �Ee� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject ta the provisions of
<br /> ��--=- = paragraph 17. Borrower's covenants and agreements shall 6e joint and several. Any Borrower who co-signs this Security
<br /> --–""�� Instrument but does not execute the Note: (a)is co-signing this Securiry Instrument only to mortgage,grant und convey that
<br /> �- '°'— Bor:ower's interest in the Property under the terms of this Securiry Instrument; (b)is not personally obligated to pay the sums
<br /> _��:�:«;� secured by this Securiry Instrumenr,and(c)agrees that Lender and any other Horrower may agree to extend. modify, forbear or
<br /> ___�._w.� make any accommodations with regard ro the terms of this Security Ins�rument or the Note without that BorrowePs consent. _
<br /> 13. Laan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> ---_= and that la�v is finally interpreted so that the interest or other loan charges collected or to be wllected in connection with the
<br />----- loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the chur�e
<br /> "�� to the permitte,d limit; and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> --- Bonower. Lender may choose to make this refund by reducing the principal o�ved under the Note or by making a dicect
<br /> --°– ° payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
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