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<br /> puyments may no lungcr U��cyuised, at the uption nf Lender,if mungage insurance coverage(in the untount and fur Ihe perind
<br /> thut I.ender requires)provideJ by an insurer uppruved by Lender aguin hecc�mes uvailable und i.cibtuined. Bnrrnwcr tihull p:�y
<br /> thc prcmiunn rcyuircd to nuiintuin mortgagc insurunce in effect, or tc�prc�vide.�loss reservc,until thc rcyuircntent for mort�uge
<br /> .. insuranrc rnd�in acxord:mce�vith uny written�igreement hrtwecn Rorr��wer anJ I,ender or applirable laav.
<br /> 9. Ins�xctian. I.ender or ity agent mny mukc rcasonahlc entricti upnn und inspections of thc Property. I.cnJc:r shuil give
<br /> � Horeuwer nntice ut the time of ur prior to un inspectinn specifying reusonable cause for the intipe�tion.
<br /> � 10. Condemnvtlon.The proeeeds of uny award or cluim for damages, direct or conscyuentiul. in connection with any
<br /> _ condemnution ur other tuking of uny purt of'the Propeny, i�r for conveyance in lieu of condemnation, ure hereby assigneci und
<br /> , �� shnll hc paid to I.cndcr.
<br /> • In the event of a t�tal taking of'the Propeny, the proceeds shull be applied to the sums secured by this Security lnstrumettt.
<br /> whcthcr or not then due,with any excess puid to Borrower. In the evcnt of a partial taking of the Propeny in which the fAir
<br /> market value of the Property immcdiately br.forc thc taking is equal to or grcater than thc amount of thc sums securcd by this _
<br /> Security Instrument immediately before the taking,unless Borrower and L.ender otherwise agree in writing,the sums sec:ured by __
<br /> this Securiry Instrument shall be reduceci by the amount of the proceecis multiplied by the follawing fraction: (a) the total
<br /> umaunt of thc sums sccured immediutely before the taking, dividcci by (b) thc fair market value of the Propeny immediately _
<br /> before the taking. Any balance shall he paid to Borro�ver. In the event of a partial taking of the Property in which the fair
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<br /> market value of lhe Praperty in�m�liutely before the taking is less than the amount of thc sums secured immediately hPfore the ��=-
<br /> taking, unless Borrower and Lender atherwise agree in writing or unless npplicable law othenvise provides, the proceeds shall �'`._
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due. -
<br /> If the Propeny is abandoned by Borrower,or if, after notice by l.ender to Borrower that the condemnor offers to make an
<br /> ' � � d award or settle a claim for damages, Borrower f:�ils to respond to Lender within 30 days after the date the notice is given, +:'_
<br /> , Lender is authorizr,d to collect and apply the proceeds, at its option,either to restoration or repair of the Property or to the sums _.
<br /> secured by this Security Instrument,whether or not�hen due. �
<br /> ;�!.;,,r Unless Lender and Bonower othenvise agree in writing, nny application of proceeds to principul shall not extend or �
<br /> - .._ ;„ postpone the due date of the munthly payments referteci to in paragraphs 1 and 2 or chaagc the amount of such payments. ��
<br /> � ' 11.Borrawer Not Released;Forbearance Iiy I.ender Not a Walver. Extension of the time for puyment or rnodification
<br /> ; �� . �.`�, of umartizution of the sums secured by this Security Instrument�runted by I,ender to any successor in interest of Bonower shaU
<br /> •t� - '�`• r e � • • *� "oT S.^.Ta:: :�S.Se � P c I nt hP rr�uired to
<br /> �r iiul Oy7cPdi2 tu Cc1i:d.ic ih���abi�iij%vi t���vi�j�ili8� aw7vhC� 'C:�S:;:...�-`.-°•O:;ir.i.^. . L n� r �2H.�!1_. .. .
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<br />- commence proceedings against any suceessor in inrerest or refuse to extend time for payment or otherwise modify amortization
<br />���:-.�: � of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrawer's
<br />=�'i�.�;�:•,�:.`� successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
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<br /> __�`L,�f, exercise of any right or remedy.
<br /> -�tirj_�.:,.,. • 12. 3uccessors nnd Assigns Bound; Joint and Several Uabillty; Cn-signers. The cmenants and agreements of this
<br /> ___ . Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower, subject ro the provisions of
<br /> -.=-- paragraph 17. Borro�ver's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />'•=�`='-�='� Instrument but does nat execute the Note: (a) is co-signing this Securiry [nstrument only to mortgage, grant and convey that
<br /> _"'='`_=� • Borcower's interest in the Property under the termsof this Security Instrumen[; (b) is not personally obligated to pay the sums
<br />— _'�� �: secured by this Security Instrument;and(c)agrees�hat Lender and any other Borrower may agree to extend,modify,forbear or
<br /> ----� . make any accommodations with regard to the termsof this Securiry Instrument ar the Note without that Bonower's consent.
<br /> --- . 13. I.oan 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 interpreted so that the interest or other loan charges collected or to be callected in connecti�n with the
<br /> -- -- loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge _
<br /> to the permitted limit; and (b)nny sums already collected from Bonower which exceeded permitted limits will be refunded to
<br /> --.�� Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> -_- - :_._� . payment to Borrower. If a refund red�ccs principal, thc rcduction will be treated as a partial prepnyment without any _
<br />—�— prepayment charge under the Note. °-"
<br /> _--�--Y=•= 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given�y delivering it or by mailing
<br /> ______-= it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> �"'°�� or uny other address Borrower designates by notice to Lender. Any notice to Lendcr shall be given by first class mail to
<br /> - - 1[.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this _
<br /> --��=� Security Instrument shall be deemed to havc bcen given to Borcower or Lender when givcn as provided in this paragraph. -=
<br />-°v�_;� 15.Govcrnln� Law; Severnbllity. This Sauriry Instrument shall be governed by federal law and the law of the =_
<br /> --="`��`� jurisdiction in which tlie Property is located. In the event that any provision or clause of this Securiry Instrument or the Note --
<br /> -"''"'�'=�' conflicts with applicable law,such conflict shall na1 at'fect other provisions of this Securiry lnstrument or thc Note which can be :,*--
<br />-:-i�����:�"� given effect without the conflicting provision. To this end the pro3isions nf this Securiry Instrument and the Note are declared �-_-�
<br /> �'''� to be severable. --
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