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<br /> payments may no longer be required,xt the aptlon of Le:nder,lf mottgage insurance covernge(in the xmount nnd for the period '�
<br /> • that Lender reyuires)provided by aa insurer approved hy Lender egain becon�es available and iti obtxined. Borrower shall pay I -
<br /> the preml�s reyuired to maintafn mortgnge i�uurunce in effect, or to provlde n loss reserve,untll thc requirement far mortsuge I -
<br /> in.surance ends in accord�uice with any wdtten egreen�ent hetween Dorr�wer and Lender or npplicable law.
<br /> 9. Iitspection. l.ender or iGV agent may make reasonable entaes upon nnd inspections of thc Pmperty. Lender shall givc
<br /> Bonower aodce at the time of or prlor to an luspectton specifying reaso��able cause far the inspecdun.
<br /> 10. Condemiwtlon. The pra;eeds of any award ar claim for damages, dtrec:t or consequendal,in connecpon with any ��
<br /> � • -`" condemnadon or other tekinb of nny pan of the Properry, or for conveynnce in lleu of condemnadon, nte hereby asslgnal AnQ
<br /> ' shall be paid to L.ender. .-
<br /> In the event of a rotal talcing of the Property,the proceeds shall be applied ta the suws secured by this Security Insuument, , •
<br /> whether or not then due� with any excess paid to Bonower. In the eveut of a pattiul taking af d�e Property in which the fair _ ,_.,;`.•.�-;.��
<br /> mark,et value of the Property Immediately before the tuking is equal to or greater than the amount of t4e sums secured by this _-___—__
<br /> Security Insuument iwmediately before the taldns,unless Borrower and Lender otherwise agree in writing. the su�ns secured by , ,,.��`;:_
<br /> ttiis Security Insuument shall be reduced by the atnount af the proceeds muldplied by the following fraction: (a) We total . ° . -
<br /> awount of the sums secured inunedIately befare the taldng,divided by(b) the fair market value of the Pmperty immedlately . �`"
<br /> before the taking. Any balance shall be paid to Bonower. In the event of a pardal taking of the Pmperry in which the falr '�-
<br /> market value of the Property immedlately before the taking is less than the amount of the sums secured immediately before the �:`-,}:;Y�
<br /> taldng,unless Bormwer and I.epder otherwise agcee iu wridt�or unless applicable law otherwise provides,the proceeds shall �
<br /> ' be applted to the sums secured by this Se.curity Instniment whether or not the suins are then due. :•�•'r-
<br /> If the Property is abandoned by Bonower, or if,after nodce by Lender ro Borrower that the condemnor offers to make an `
<br /> award or seule a claim for damages, Bonower fails to resfwnd to Lender withIn 30 days after the dat� the notice is glven, '"in�
<br /> .,;.n.e.-_
<br /> � �� Lender is authorized to collect and apply the proceeds,at its opdon,either to restoradon or repair of the Praperty or to tUe sums ''�,;.x?�',�_
<br /> '�� secured by this Securlty Instrument,whether or not then due. �. '�"�`'"`'�
<br /> Unless Lender and Borrower othenuise agree in wridng. any applicadon oF proceeds to princ3pal shull not eatead or :_`�'�'
<br /> post�one the due dau:of the monthly payments referred to in pazagraphs 1 and 2 or change the amount of such paymett�5. '�� '"� �
<br /> . 11. Borrower Not Released;Forbearance By I.ender Not a Walver.Extension of the time for payment or modificadon ;•;
<br /> of amortizadon of the sums secured by this Security Instrument gxanted by I,ender to any successor in interest of Bonower shall • �'
<br /> '� not aperate to release the liabil{ry of the originul Bonower or Borrower's successors in interest. Lender ahall not be required to ,�;._ � --
<br /> ' commence proceedings against any successor in interest or refuse to extead dme for payment or othervvise modify aznordzadon --
<br /> • of the sums secured by this Securiry Instniment by reason of any demand made by the or�ginal Borrower or Bonower's
<br /> successora in interest. Any forbearance by Lettder in exercising any right ar remedy shall not be a waiver of or preclude the 3
<br /> exercise of any rlght or mmedy, � :x
<br /> � 12. Succ�ssors and Assigns Boimd; Jotnt end Several Ltability; Co-signersi. The coveaauts aad agreements of this !"
<br />-.. . Security Instcument shall bind and benefit the successors and asslgns of Lender and Borrower, subject to the pmvisions of =
<br /> . paragraph 17. Borrower's coveaants and agiceements shall be joint and several. Any Borrower who co-signs thls Securlty �f��
<br /> Instrument but does not exec:ute the Note: (a) is co-signing ttris Securiry Instrumeni only to mongage,grant and convey that
<br /> • , � Homower's intemst in the Propetty under the tenns of this Security Insuumenh, (b)is not personally obligated to pay the sums �
<br /> � secumd by this Securiry lnsuument;and(c)agtees tLat Lender and any other Borrower may agree w extend,modify,forbear or 6
<br />_T . , make any accommodadons with regard to the terms of this Security Insm�ment or the Note without tLat Borrower's wnsent. �T� ,,�:-
<br />-�'� ' 13. Iaan Charges.If the low secured by this Security Insuument is subject to a law wbicb sets maximum loan chsrges, •�"'°' �
<br />_'-=-`=--��;-�x -�• ` and that law is fit�ally interpreted so that the interest or other loan charges collected or to be collected in connection wlth the �:-
<br />_;;�,, loan exceed the pemutted limits,then: (a)any such loan charge stiall be reduced by the amount necessary to rectuce the charge �
<br /> �:; .�;:,_ ,
<br /> _ �'�..:'' w the permitted lfmit;ancl(b)any sums niready collected from Borrower v�lilch exceecled pennitted limits will be refunded to �
<br />_`�� � Bor�ower. I.ender may choose to make this refund by reducing the princ9pul owed under the Note or by mnidng a dircct
<br />_'"� �..' . 5 payment to Borrower. If a nfi�d reduces principal, the reducdon will be treated as a pardal prcpayment wlthout any ="'
<br /> -' _ prepayment chazge under the Note. -- -
<br />?s"'' �'`" Y 14. Notfces.Any nodce to Borrower provided for in thts Security Instcument shs►11 be given by dslivering et or by mailing -_-
<br /> = ��',.,,:.'� it by first class rnail unless applIcable law requires use of another method. The notice shall be diiected to the Property Address =
<br />��"-��"'.��"., or any oWer addmss Borrower designates by nodce to Lender. Any norice to Lender shall be�iven by first class mail to �---------
<br />�_���� L.ender's address stated herein or any other address Leader desigaates by nodce to Borrower. Any nodce pmvided for in tbis —
<br />�*j'•�".;;�, . .. Security Insm�ment sLall be deemed to have beeu gtven to Borrower or Lender when given as provIded in this para�raph. �•u=-----
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