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<br /> paymen[s may no longer be required.at the option of l.ender, if mortgagc insurance coverage(in the amount and for the period c t ;. ; �
<br /> that Lender requiresf provided by an insurer aPProved by Lender again becomes available and is obtaened. Borrower shall pay �
<br /> the premiwns rec�uired to maintain mortgage insurance in effect.or to provide a loss reserve,until the requirement for mortgage , �_ ,�
<br /> insurance ends in accordance with any written agreement between Borrow�r:uZd Lender or applicable law.
<br /> 9. Inspettion. Lender or its agent may maice reasonable entries upon and ir,speccions of the Property.L.ender shall give ( . ` •
<br /> Borrower notice at the time of or prior to an inspection specifying reasonable cause For the inspection. :�� � _. _
<br /> 10. Condemnation. The proceeds of any award or claim for damages. direct or rnnsequential. in cronnection with any
<br />� condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnadon, are hereby assigned and
<br /> � s6all be paid to Lender. - `-__� --=-----`. �
<br /> In the event of a tota!taking of the Property.the proceeds shall be applied to the sums secured by this Security Instrument, � �_Y
<br /> w•hether or not then due, with any excess paid to Bo^=�er. In the event of apartial taking of the Propem• �^- lthich thz fair , `'�_`,,�
<br /> - �-set value of the Property immediately before the r��is equal to or greater than che amount of the sucr.s sa:ured by this .;� _,��-.=:-_ _ _ �-
<br /> $ac•,;,-it� Instrament immediately before the taking,�ess Borrower and l.ender oiherwise agree in writing.the sums secured by . �, -Y _
<br /> . .... ;'»��,gp.'vs,�r�..,.
<br /> chis Security Instrument shall be redused by the amount of the pmceeds muldPlied by the following fraction: (a) the total � M1.,;;�,.::����.5 f
<br /> amount of the sums secured immediately before the taking. divided by (b) the fair market vaiue of the Property immediately , .;�p��,.,;..
<br /> befare the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Praperry in which[he fair _� _ -
<br /> maricet value of the Property immediately before the taking is less than the amount of the sums secured immediately before the '': a�=
<br /> , ,};-=.L _
<br /> taking.unless Borrower and Lender othenvise agree in writing or unless applicable law otherwise provides,the proceeds shall �-�-�-__
<br /> be applied to the sums secured by this Security Instrument whether or nat the sums are then due. , ° �_ .
<br /> If the Property �s abandoned by Barruwer.or if,after notice by Lender to Borrower that the condemnor offers to make an _�
<br /> awarcl or settte a claim for Jamages. Borrower fail� co respond ta Lender witbin 30 day+ after the date the notice i+given. `,•�n:���.=•.
<br /> Lec�der is authurited t��collect and apply the procceds,at its option,cither to restoration or repair of the Froperty ot co the tiums ;;",:i�_,. :�
<br /> secured by this Security Imtrument,whether or not chen due. """"''}'"�'�"��� —
<br /> j Unlc�� L.inder and Bnrr��wer othcrwise agree in writing. any applicatiun ��f proccalr to principal +hall nat cxtend or __.1_ ;,,;6. __
<br /> � .,.. ._.
<br /> partQane the due date of the m�inthly payments referred to in paragraph. I and?or chan�c the amaunt��f such paymentr. y�.��'_._._'.
<br /> �' ll. BorroHer Niot Relcased:Forbeurnr►ce BY Lender Not a Waiver. Exten.iian of the time for payment or madification ,�{;�-�s,. �X .
<br /> of amortization of the sums secured by this Securit�Ins[rument granted by Lender to any�uccessor in interest of Horrower shall ��-.;, r•
<br /> nai operate to release the liability of the original Borcower or Borrower'ti successors in interest. Lender shall not be required to _
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br /> • of the sums secured by this Security Instnunenc by reason of any demand made by the original Borrower or Borrower's : �;,•.,;- .r"
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the .n,`- �, :-r..'�',•
<br /> • exercise of any right or remedy. �`"
<br /> 12. Successors and Assigns Bound�Joint and Several Liability; Co-signers. The covenanu,and agreemenu of this ;��,:
<br /> v,; •��
<br /> Security Ins[rument shall bind and benefit the successors and assigns of Lender and Barrower, subject to the provisions of ; �': !
<br /> paragraph 17. Borrower's covenanu and agreements shall be joint and several. Any Borrower who co-signs this Securiry _ s . _
<br /> Instrument but does nat execute the Note: (a) is co-signing this Security Instrument only to mortgage, grsnt and convey that
<br /> � Borcower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay the sums T� �
<br /> sec�ued by this Securiry Instrument:and(c)agre�s tha[Lender and any ather Borrower may agree co extend,modify,forbear or � � �:����`
<br />_' make any accommodations with regard to the terms of this Security Instrument or the Note without that Bonower's consent. '����._:
<br /> 13. Loan Charges. If the loan setured by this Security Instrument is subject to a law which seu maximum loan charges, 'c� � ! :y-ar
<br /> � and that law is finally interpreted so that the inter�-t or other loan charges collected or to be collected in connection with the � �„��-•�`._-
<br /> loan exceed the permitted limits.then: (a)any such�oan charge shall be reduced by the amount necessary to reduoe the charge �;�_,,,r—r,...-�--.
<br /> to the permiued limit;and(b)any sums already coflected from Borrower which exceeded permitted limiu will be refunded to --�«.�-._�
<br /> `..•r•�- . �,-. e�.__ ,
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by maldng a direct .:.,����: .. ,,,;.,_
<br /> - payment �o Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any - �_.__
<br /> prepayment charge under the Note. _
<br /> 14.Notiees.Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by mailing . ,_
<br /> � it by first class mail unless applicable law requires use of another method. The notice shall be directed ta the Property Address - _ _
<br /> .. or any other address Borrower designates by notice to Lender. My notice to Lender shall be given by first class mail t� ;' ��R�"�''
<br />• Lender's address stated herein or any other address Lcnder designates by notice to Borrower. My notice provided for in this �`��—
<br /> � �ecurity Instrument shall be deemed to have been gi��en to Bonower or Lender when given as provided in this paragraph. � f'��r'�
<br /> . . -t�?�---
<br /> 15.Goveming Law: Severa b i li t y. T his Securi ty I n s t r u m ent shall be governed by federa! law and the law of the -
<br /> jurisdiction in which the Property is located. In the event[hat any provision or clause of this Security lnstrument or the Note r:. ,.. � � , ..
<br /> conflicts with appltcable law, such conflict sha11 not affect other provisians of this Security Instrument or the Note which can be :_��;'�
<br /> given effect without the conflicting provision. To this end the provisions of this Security lnstrument and the Note are declared �, �;;�
<br /> to be severable. 'l'
<br /> � 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Se^.urity Instrument. �'�`y'�'.
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