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<br /> � paymenu may no longer be required,at the option of Lender.if mortgage+��*ase cover�age(in the amount and for the periad ���_�
<br /> ' that L.ender requires)provided by an insurer approved by Lender again becomes available and is obiain�.Borrower shall pay the
<br /> '� premnimc required to main ain mortgage insurance in effect, or w provide a loss reserv�, until the requirement for mortgage ; � —
<br /> ins�uance ends in accordar_c�with any written a�eemeni between Borrower and L.ender or applicable law. ;
<br /> � 9.Inspect[on. Lende;or its agent may make reasonable etKries upon and iuspectioac of the Property. Lender shall give :
<br /> i Borrower aoace at the timr of or prior to an inspecdon specif}+ing reasonabie cause for the in4prction. k � 'j-�.
<br /> 10.Coad�mnatioa. The proceeds of any award or claim fo4 damages. direct or consequ.ential, in connection arith any t
<br /> condemnation or odier taiQng of any part of�he Pcoperty,or for conveyance in lieu of condemnation,are hereby assigned and ;
<br /> shall be paid to Ixnder. ; � � ::
<br /> In the event of a total taking of�e�caperty.the proceeds shall be applied to the sutng secunzd by this 5ecurity Insuument, � . �
<br /> whe[her or not then due.with any excess paid to Bonower.In the event of a partial talring of the Property in which the fair market : � �
<br /> waiue of the Propetty�+±+n+s�+�a*Ply before the taldng is equal to or greater than the amount of the sums secnrred by this Securiry � � ' •
<br /> ' Insuameat iuimediatety before the talring. unless Borrower and Lcader otherwise agree in wrIting, the sums secured by this • � ' .
<br /> Security Ias[rument shall be reduced by the amount of the proceeds mulaplied by the following fraction:(a)the wtal arnount of • ,
<br /> the sums socured iuunediauly before the Wdng. divided by (h) �he fair macjcet value of the Properry imtnediauly before the ' . .__.
<br /> , talong.Any balance shaU he paid to Borrower.In the eveat of a pardal talQng of the Property in which the fair market value of ths ' -
<br /> Property imusediately before the taSdng is less tLan the amount of the sums secured immediately befate she talQag, unless
<br /> Borrower and Lender otheraise agree in writing or untess applicabie law otherwise pmvides.�he proceeds sLall be applied to the . `
<br /> sumv secured by tlris Security tnannmr,,t ahether or uot the sams are[hen due. ; ' —
<br /> ; If the Property is abandoned by Borrower. or if, after norice by Iender to Bosower that the condemnor o�ers to make an ' � :�� ,--
<br /> ! aa+ard or seate a claim for damages.Bonower fails to respond to Lender within 30 days after the date ths norice is given.Ixnder ' . �_
<br /> ' is awhorized w collect and apply the procxedg.at its option,either to reswration or repair of the Property or to the sums secured ' � ��i.-�--
<br /> '� by this Seauity Insnumen�whether or not then due. � � ;� : .�
<br /> � Unless LendEr and Bonower otherwise agree in writ'sng.a�+application of proceeds w principal shall aoc excend or postpone ; ' :x.'.�,��;�; . �
<br /> ' tLe due date of the mnntWy payments referred w in paragraphs 1 and 2 or change the amoun[of such payinents. ; : : • ' �:.ir;�. r� .
<br /> : 11.Bonower Not Released;Forbearance Sy Lender Not a Waiver. Extension of the time for payment or modificauon � ' � �
<br /> o f a m o rt i z a ri o n o f t h e s v m s s ce u r e d b y t h i s S e c u r i ry l n s t r u m e n t g r a n t e d b y T.e a d e r W a r ry s u c c e s s o z u t i n t e i e s t o f B o r r o w e r s k a ll ' �.: ; ;+ '�
<br /> not operate to release the liability of the original Bor.ower or Borrower's successors in interest. Lender shal�i�vt be required w ,,�;;:•�'�• ''; '�
<br /> commence proceedings against any successor in inserest or refiue to extend time for paymeat or otherwise mndify amortizarion of
<br /> { the sums secuced by this Security Insuument by reason of any demand made by the original Borrower or Boir�wer's successors � � 'i. �'` �� .'�
<br /> in interest.A�forbrarance by Lender in ekercising any right or remedy shall not be a waiver of or preclude the exercise of an}+ • ' '������� '
<br /> right oz remedy. , �
<br /> 12.Sucoes�ors and Asslgav Botmd;Joint and Several Liab�ity; CoStgaers. The wvenants and agreements of this • � 't
<br /> Sceurity Instr��**re^"• sf�all bind and benefit the successors and as�igns of Leader and Borcoatr, subject to [hs provisions of , --- _b���.
<br /> paragraph 17. Bonower's covenants aad agreements sha11 be joint and sev�r a l. Any Eonower aho co-signs this Secvrity �a
<br /> InstrumrLt bui doea not eaecute the Norc: (a) is co-signing this Securiry lasuumont only[o mortgage, grant and convey c§at ' °;`--_.�-
<br /> Bonower's interest in the Property under the term9 of this Security lnstrument; (b)is noi pe�sonally obligated to pay the s�.�s .' ���`"
<br /> secured by thig Secnrity Insm�ment;and(c)agrees that I.ender aud any other Bonower may agree w extend,modify.forbear or � , ����=-'�,�,,,�
<br /> malce any+accommodadons with regazd to the urms of r3�is Security Insuument or the Nou without that Hoaowe:'s wnsent. . • �
<br /> 13.Loan Charges. If the loan secured by this Securiry Instrument is subject to a law alrich seu ma�loan charges, ' , # --
<br /> aad that law is finally inte:preted so that the interest or other loan charges coltected or w be collected ia connection aritb t��loan � , � :� .,
<br /> exceed tLe permitted 13mita.then:(a)an}+such loan charge shall be rednced by the amoant necessary w reduce the char�e aa�the -'•�
<br /> permiued limit;and(b)any►sums already collected�om Bonower wtuch exceeded petmiued limits will be re�.:.ded w Boaower. � ,. � � ""'"'�
<br /> Lender may choose to malce this refimd by reducing the principal owed under the Note or by mal�ng a direct payment to �I � ��-,�'.�� ^ ��;•
<br /> Borrower. If a refund reduces principal. the reducaon will be ueaced as a yardal prepayment without any prepayment charge i �� —�--
<br /> under the Note. t . �.•��"-•}•----
<br /> 14.l�+rstices. Any notice w Botrower providsd for in this security Insmiment shall be given��Celiveiing it or by c�ing it � � : � . �`
<br /> by fust class mail unless applicable law requires use af another method. 17ie nodce shall be directed[o t�e t�operty Address or � �
<br /> any otYer address Bonower desi�ates by nouce to I.ender. Any notIce to Leader shall be given by firs::sss mail to Lender's . �
<br /> address stated herein or any other addreas Lender desi�ates hy notice to Borrower. Any nodce pravided for in this Secutity • ' --
<br /> Ins�rt shall be deemed to have been glven to Bonower or LercGer when given as provided in this paragraph. ' - . —
<br /> 15.Governtng Law;SevernbWty. This Secueiry Instrument shall be govemed by tederal law and We law of the �
<br /> jurisdiction in wirich the Property ia located. In tt:event that azry pmvision or cl�use of tLis Security Imtrument or the Note j � ��-
<br /> conflicts with appllcable law,such conflict ahaU not affect other provisions of this Securiry Instrument or the Note wbich can be � —_
<br /> { given effect witkout the conflicting provision To this end the provisioas of this Security Instrument aad the Note are declared w G
<br /> •; be severable. � .
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