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<br /> . Payraents maY no longer be iequiied.at the opdon of Lender.if mortgage insvraace coverage(in the amount and for the periad i ' ; ; . .
<br /> tt�at L.ender cequires)Providecl by an insurer appmved by Lender again becomes available and is obtained. Borrower sball pay i'..�t: - ;.,
<br /> e insurance i n e ff e c t,or to pravide a loss ieserve.unril the iequirement for mortgag� �
<br /> � � ..- �he premiums required to mainrdin mortga8 , .
<br /> �.• _ . , _
<br />- . .0 �����ordance wittt any written agreement b�tween Bonower and I.ender or applicable law. � . ,.
<br /> . ` g,IaSpedlon.Lender or itc agent may mata�reasona6le e�ries upon and inspecteons of the Properry.I.ender shall gi�+e ' ;, ,,- -_ "�._ .;
<br /> � s Haaower notioe at the time of or prior w an i n s p e c t ion s p e c i f�r i n g reasoffible cause for the inspection. � [: . ' . `. ; ,
<br /> m connecdon with a�=� f .,� >'``_
<br /> . , 10. Condeanatlon.The proceeds of any award or claim for damaSes,�dizect of condemnation,are heiebY assSne�� E
<br /> - . condemnation or other taldng of anp part of ihe Property.or for comreyance �� :';.; :
<br /> , . shaIl be paid w Leudsr. " �. ' �r=-
<br /> � In the event of a totallzt�n8 of the PmpertY.the Proceeds shall be applied to the sams secuied bq this Secnrity u�_� , �� r...
<br /> � m tvluch the faif"' � `::.��
<br /> whether or not then due.wid►anY escess Paid to Boaower. In the event of a partial tal�nS of the ProperiY� � ,
<br /> ( ��tiarply before the taldng is eqnal to or greater than the amonnt of the sums seWred by this ��. .�: ,� '�..: �`
<br /> � mar2cet value of the ProPenY secuced b . `;
<br /> � Iast�ent immediatelY befioie the talo�u8,untess Borrower and L�ender otheiwise agcee in wrlting,the sums Y -
<br /> 1 ��ty�ent sball be reduced by the amoant of the pmc.eeds muldplied by the foilowing 5.acaon: (a) the total .;t�Y;�_
<br /> . ;.-i amo�mt of the sams secured immediatelY befoie the taking.divided by @)the fair maci�t vatae of the ProPenY nmm�iat�ly i,.° . .-
<br /> .,i . •
<br /> . 6efore the tat�nS- AnY balance shall be paid w Borrower. In the event of a partial ta1dn�of the Propertp in which tIie fair >•`�-
<br /> ,' '.� market vaiue of the Property�iatelY before the tatan8 is tess than the amaum of the sams secured'�iatelp before the '�: '��-
<br />• • '�.l taldng.wiless Borroarer aud L.ender othecwise agree in writing or unless applicable law otheiwise pmvides,the proceeds sloall 6.•:=..
<br />- ._, i be applied W the sams secared by this Sewrity tnsaament wliether or not the sums aze then dne. �.�
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<br /> � ' � If the Ptoperty is a6andoned hy Borcower,or if,after notice by L.ender w Bomnaer that the condemnor offers to make an - -- °: ;.;--
<br /> . `.._-� .. -
<br /> _ � -' award or seale a claim for damages, Bormwer fails to mspond to Lender within 30 days after the date the nodce is given. � ;��y_
<br /> . , the roceeds.at its option.either to restoratian or repair of the Property or to the sums f ��-
<br /> • � ' Lender is autho:ized to coAect and aPP�Y P : �'�°�`�• "—
<br /> . �y _. .
<br />� . � � Iactcumeni,whether or not then due. � �.qr•.•`
<br /> _ . �.. . s e�a u e d by t h i s Securi ty ln writing. aaY aPP P _... _ � _
<br /> ` � � .; Unless Leadet aud Bortawer orherwise asree ' licatian of raceeds to priacipal s 6 a ll nnt exte n d or '�.�:��;,.
<br /> � postpone the due date of the monthly Pa9ments zeferred to ia paragraphs 1 and 2 or change the amaunt of svch payments. ..:';� _,�
<br /> � � + 11.Bocrower Not Released:Forbe�ance BY�der N°t a Watve:.Exteasioa of the time far payment or madifscauou
<br /> . ,-�-,
<br /> • of amortiradon of the sams seaued by this Seivriry lamumeat granted by Lender to aay�uccessor in interest of Barmwer sha11 ,�-J�;
<br /> .- , nat operate w retease the ltability af the origiaal Borrower or Barrower's s�uccessors in iaterest. 1.ender s6all not be required co : ;:.:.—�,
<br /> • �a,,,�P.,�pmc�dings against a�y successor in interest or refuse to extend time for payaient or otherwise madify amoYtizaaon . '; .�,_
<br /> ` of the sums secured bY this S�unty ���ent by reasoa af any decnand made by the ariginal Borrower or Bonower s •:.�c��;:�
<br /> ,:W;.
<br /> .' i succcssois in interest. Any forbeazance bY Lender in exemising any riBht or remedy sha11 not be a waiver of or pmclude the . , .;�v ..
<br /> . ,r: �-_i.
<br /> . exercise of any right or remedy. � •R �. � :-,i�°;,:`�
<br /> ' 12. Succe.csois and Assi�s Bormd;Joiat and Sevesal Liability, CasiSaers. The covenants and a� of this ,.�:.-r:>:
<br /> � SewritY Insuument shall bind and bene5t the sua:essors and assigas of Lender and Boaower, subject to the pmvisioas of .�'t;;-,�_
<br /> ° � �. j paiagiaph 17. Borrower's cavenants and agreemenu s3�all 6e}oint and several. Any Borrower who co-sigas this SecaritS► • .�:-�-
<br /> a and comrey thai
<br /> •', Iasuament bnt does not execute the Note: (a) is co-sipnng this Secariry lnst�ument onty to mortgaSe.b� : : .�:�::
<br /> � Bonower's interest in the Property under the terms of this Security Iatimimeat:(b)is not personally obligated to pay the sums . ,. .s=
<br /> .. � • , secared by this Secarity Insuument:and(c)aSrees that Lender and aay other Bo:mwer mas a�ee to extend.modif�►.fozbear or ' . ;;�
<br /> make any accommo d ations with re g a r d ro the terms of this Securiry Tnsmmient or the Note without tLat Bormwer's waten� • ; __Y,.
<br /> 13.Loan Charg�.If the loaa secased by this Security Instnimeni is subject to a law wlnch sets maximnm loan clauges. . .. - --
<br /> , .�:-:°' and that law is finaUy inteipreted so that the interest or ather loan charges caUected or to be coltected in cannection with the .
<br /> --, , �� loan exceed the Peimitced lim�ts�t�en:(a)any such loan charge shall be mduced by the aaiount necessaiyr to reduce the charge
<br /> - � ' w the permitted limit:and(b)ai►Y sums alre�dy collected from Boaower which exceecled pemntted limits will be zefwaded to . .
<br /> ` � � Bonower. Lender may choose to malce tlus cefund by reducing the principal owed tuider the Note or by maldng a dicect :;�
<br /> ' ` paymeat to Borrower. If a refond teduces Princ�pal, t�e reductian wil! be aeated as a partial p�ePaYment witi�°IIt a�y . _' ,
<br /> prepayment chatge undet the Note. .
<br /> � j 14.1Vatices.AnY notice to Honower provided for in tWs Securiry lnstrument shall be given by delivering it or by mailing , t ;'
<br /> , , ' � it by first class mail unless applicable law requires use of another method.The notice sha11 be directed to the Property Address , .
<br /> ,:.,j . or any other address Bortower desisnates by notice to l.ender. Any no6ce to l.ender shaU be givea by first class mail to
<br /> ; � Lender's address stated Qerein or any other address Lender designaces by nodce to Borrowes. Any nodce provided for iu this �
<br /> Security It�stnunent sball be deemed to have been given to Boaower or Lender when given ag provided in this paragrapl�- _ .
<br /> 15.Governing Law+ Severability. This Security Insm�ment shall be govemed by fe<1era1 law and the law of the
<br /> jurisdiction in wluch the Property is located. In the event tLat any provision or clause of this Securiry lnsuument or the Note • . ,
<br /> conflicts with applicable law.such conflict st�all not affest other provisions of this Securiry lnsmiment or the Note w}uch can be
<br /> given effect without the conflicting provision.To this end the pruvisions of this Security lnstnunent aad the Nate are declared .
<br /> • � to be sevenble. ` .
<br /> ` 16.Borrower's Copy.Borrower shall be given one confumietl wpy of the Note and of this Sec:uriry lnswment.
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