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<br /> � puyment,miry nu Inn�cr bc rcyuireJ,at thc option of l.ender,if'nu+rtgnge insurance caveragc(in the u�,ount and for the period .
<br /> thut (.endc� rcquircs) providcJ by an insurcr approvcd hy L.cnder uguin bccomes uvailablc�nJ iti c�htaineJ. Bormwcr�h�ll pay
<br /> the premiumti rcyuire�i to maintuin mongage insurance ineffect, or to provide u loss reserve,until [he reyuirernent for mortguge �
<br /> intiur:mce end,in are��rJance+vith uny wrinen u�;rcc:ment between B��rrower and Lender or applicable law. ,
<br /> � 9. In�:pectian, l.endcr or its agcnt muy mukc rcasonablc entrics upon and inspcctions of thc Properry. Lcndcr shall givc
<br /> Burr��wcr nvticc ut ihe timc oF or prim•co un inspccti��n spccilying rcusonublc causc for the inspcction.
<br /> ��„�,� 10. C�ndetnnatinn. The procceds nf uny uward or clnim for damages, direct or consequential, in connection with uny
<br /> „_�_.� condemnatiun or uther taking��f uny part of the Prope�iy, or for conveyunce in lieu af condemnation, are hereby assigned nnd .
<br /> shull he paiJ ro LenJer.
<br /> ln ttte event o(a totul tukin� of�he Property, the proceeds shall be applied to the sums secured by this Seruriry[nstrument,
<br /> whcther or not thcn duc, with any cxcess paid to Borrower. In the evcnt of a partiul taking of the Property in which the fair , -
<br /> mu�kct vuluc of ihc Property immediutely before thc taking is equal to or greatcr than the amount of the surns secured by this ,}�
<br /> Security Instrumeni irY►mediately before the taking,unless Borrower and Lender otherwise agree in writing,the swns secured by " '''-'
<br /> this Security In�t rument shall be raluced by the amount of the proceeds multiplicd by the following fraction: (a) the total `'•��
<br /> amuunt of �he surns secured immediatcly before the taking,divided by (b) the fair market value of thc Property immediately ��-:.
<br /> before the taking.Any balance shall be paid to Borro�ti�er. In the event of a partial taking of the Property in which the fnir '
<br /> markct valuc of thc Pmperty immcdiatcly bcfore the taking is less than the amount of thc sums secured immedintely before the ='�-
<br /> , taking, unless Borrower and Lender othcrwisc agree in�vriting or unless applicublc law othcrwise provide+, the proceeds shall �-
<br /> be applied to the sums secured by this Security Instrumem whether or not the sums are then due. '
<br /> If the Properly is abandoned by Borrower, or if, ufier notice by Lender to Borrower that the condemnor offers to make an _
<br /> � • award or settle a clai m for damayes, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> Lender is authori�ed to collect and apply the proceeds, at its option,either to restoration or repair of the Property or to the sums _
<br /> secureci by ehis Securi ty Instrument,whether or not then due.
<br /> Unless Lender and Borrower otheiwise agree in�vricins, uny application of proceeds to principal shall n�t extend or --
<br /> pustpone the due date of the monthly payments referred io in paragraphs l and 2 or change the amount of such payments. -_
<br /> 11.Borrower IoTot Released;Eorbearance By Lender Not a Waiver.Extcnsion of the time for payment or modification -
<br /> of amortization of ihe sums secured by this Security Instmment granted by Lender to uny successor in interest of Borrower shall
<br /> .^.tS:CF�:«SC i�'��Y..«wwP i!:° �!^„�!�!I)• 4�t�l�^T2olP»1 B^i.*_^.!!�nr .v Rnrrnwr�'c ci�r�rccnrc in interest. i.ender chaU t10t bC JCqU1iEd to
<br />, ' commence proceedin�s a�ainst any successor in interest or refuse to extend time for payment or otherwise modify umortization E':.'.
<br /> Y •�` of the sums secured b this Securit Inswment b reason of an demand made b the ori inal Barrower or Borrower's ���'
<br /> 9 Y Y Y Y S r_ .
<br /> .,' ~ +� successors in interest_ Any forbearance by Lender in exercising any rigBt or remedy shall not be u waiver of or preclude the �
<br />.�;�h�,�,� excrcise of any ri ghi or remedy. �-
<br /> ' 12. Successars und Assigns Bound; Joint and Several Liability; Co-s(gners. The covenants and agrecments of this --
<br />;''n6;.;;;v� Security InstNment`hull bind and benefit the successors und assigns of L,�.nder and Borrower, subject to the provisions of -
<br />_• .;,�;,�:;`.�,� paragraph 17. Borrower's covenants and agreements shaU be joint and several. Any Borrower wha co-signs this Security =
<br />_ '�`"�� instrument bu[does not execute the Note: (u) is co-signing this Securiry instrument�nly to mortgage, grant and convey that -
<br /> - _-- Borrower's interesl in the Property under the tenns of this Securiry Instrument; (b) is not personally obligated to pay the sums '_
<br /><,.u;��,.�" • secured by this Security Instrumenr,and(c)agrees that Lender and any other Borrower may agree to extend. modify,forbear or
<br /> • . muke any accomrnodations with regard to the terms of this Saurity Instrument or the Notc without that Borrower's consent.
<br /> ,.,�;,�.,,,�„ • . 13. Loan Charges. If thc loan secured by this Security Instrument is subject to u law which�ets maxirnum loan char�es,
<br /> -=— — and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the _
<br /> mi� 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 pe�mittcd limir.;and (b)any sums ulreudy collected from Borro�ver which exceeded permitted limits will be refunded to —
<br /> W��'�' Borcower. Lender may choose ta make this refund by reducing the principal owed under the Note or by muking a direct -
<br /> �='�'�"�� payment to Borsuwer. If a refund reduces principal,the reduction will be treAted as a partial prepayment without any
<br /> =�-� : prepayment charge under the Note. �
<br />°''�`:::;?�! 14.Notices.Any notice to Aorrower providul for in this Security Instrument shall be given by delivering it or by mailin�
<br /> �— it by first class mail unless applirable law requires use of another method. The notice shall be directed to the Property Address =
<br /> =y�� or any other addras Borrower designates by notic� to Lender. Any notice ro Lender shall be given by fir�t class mail to =-
<br /> -��� Lender's address siatcd herein or uny other address L.ender Jesignates by notice to Borrower. Any notice provided for in this _
<br /> — ���t� —
<br /> -__:"�;.{� Security Instrument shall be deemed to have been given to Borrower or Lender when given ns provided in this paragraph. ___
<br /> � ° 15.Govcrning Lnw; Severnbllity. This �:curity Instrument shall be governed by federal law and the law of the =: -_
<br /> r��,�:, jurisdiction in which the Froperty is locatP,d. In the event that any provision or clause of this Security Instrwnent or the Note E�=-
<br /> � ' ' conflicts with applicable law,such conflict shall not affat other provisions of this Security Instrument or the Note which can be
<br /> �"-� `' '` given effect withom the conFlictingprovision.To this end the provisions of this Security Instrument and the Nute are declared ��-'L=_.
<br /> to be severable. '�`"
<br />_ � 16.Borro�ver's Copy.Borroaer shall be given one con(ormed copy of the Note and of this Security lnstrument. ��,;r-
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