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<br /> . paynzents may no lungcn c�rcquircd,at thc optirm�f.1.cr�dct, if mong�►gc insunutcc covcragc(in thc umount und for thc periad ---
<br /> tiiat Isondcr requires)pro�ide�.i by an insi�rer uppr�av�d by Lendcr again bccam_s uvailublc and is obtained.Borrower shall pay �,
<br /> `�'�� � � thc premiums required to maintain mort�eagc insur�nc.�in effect,or to provide a loss resr.rvc,until lhe rcquircment for mortga�C �_
<br /> .`� iei,urance ends in arcorclnizce evith.�ny writtr.n�Ejrcemi:nt bct�vecn Borrower und I.ender or applicuble law. �--
<br /> _ 9. In�pecNon. l.endcr or its aficnt may nu►kcs re:isonable cntrics upon und inspcctions nf che Prop�:ny. ixnler+hall givc �
<br />`�`"`:�� Borcower notire ut the time oC or priar w un intige,�:ti�.n specifying reasonable cause for the inspection. �-:_
<br /> 10. Con�cmnatinn. Thc proccc.�is ot umr avrard or claim for dam�ges, dircct or canscyucntiul, in connection with any �_-
<br /> �� - �' condemnation or other[alking uf any p.�ut uf ehi: !'ro�xrty,or for conveyance in lieu of condem��ation,are hereby assigned and �t
<br /> •. .� shall bc paid ta l.endf�e. _
<br /> r In the event of a rot��l►nking of the Propc:rty,thu pra�eeds shall be applied to the sums secured by this Security Instrument, T
<br /> �:•• f� whc[her or nat�hen due, with any exce.�.s paid R���rrower. In the event of a partial tal;ing of the Propcny in wt►icl� the fair �_
<br /> �.:r„': ° markct value ot thc I�ropeny immediatcly bufore trc taking is cqual to or gneater than the amoe�nt of th� sum�tecurcd by this __
<br /> • � ' Security Instrumcnt i►nmediately bcfore thrz takin�, uiilcss Bonawcr and[.cnder otherwise agree in writin�;.the sums secured by
<br /> ' �� �.�� this Security Instrun�ent shall be reduceci b;� th�t umount of the proceeds m>>ltiplied by the following fraction: (a) the total _
<br /> �°-��� • amount of the sums securcd immediutely bsfure dtc taking, divide,d by (b) the fair market value af the Property immediately
<br /> .,;•:.i.,,R
<br />-�;,;�::., before the t��king. Any balance sht►U 6e paid to� l4orrower. in the event of a partiul taking of the Propeny in which thc air
<br /> '•��•�••:����. market value of thc�'roperty inn�ie.diat�ly befor�the t�lcing is lesy than the amnunt of thc sums secured immediately beforc thc
<br /> �°-'"`"`" tuking, unless Borrower and Lender othenvi+�a ugrce in writing or unless applicable law othenvise provides, the proceeds shall
<br /> v,:-�;x;>r:.
<br />' ;, .,�+.. be npplied to ihe sums secured by this Security Instn►ment whether or not the sums are then due. _
<br /> --,-�. If the Propec�y is abundaned by Ban.ou�or,or if,after notice by Lender to Borro�ver that the condemnor offers to make an _
<br /> c=;ax� award or settle a Glaim for damages, B�nr�wor fails to respond to Lender within 30 days after the date the notice is given, _
<br />=�--`�•.;.� Lender is authorized to callect and apply thw pnx_eeds, at its option,either to restoration or repair of the Property or to the sums
<br />-�'�'�� secured by this Securiry Instrument,whether�ar.eeot then due. �i�tion of roceeds to rinci al shull not extend or
<br />:_-,R,�:,•.�� Unless Lender anci Borrower othenvie,� agrce in writing, any app� P P P
<br /> ---_-�-,�s� postpone the due dai�of the monthly paymonts res�rred to in para�;raphs I and 2 ur change the antount of snch payments.
<br /> —:�_,.� I1.Borrower. Nat Releasai;For.�.art�m:s 63Y Lender Not a Waiver.Extension of thc time far payment or modification
<br /> ---= of amortization of the sums secured by thie Srxu�-iry Instrument granted by I.ender to any successar in intemst of Botto�ver shnll
<br /> ���� l0[O�id[C lv tr{r.uac ilic iiatSiiiiy of:2�c:r.re;;i:::i4 B^I*.'o`•'•'?T^r gncmwer'�successors in interest. l.ender sliall not be required to
<br /> --==-��rr,sc�
<br /> =-- wmmence proceedings against any successor. in.interest or refuse to extend time for payment or athernise modify amortization
<br /> -=-- of the sums sccurcxi by this Security Insxruntent by reason of any demand made by the original Bonower or Borrower's
<br /> -- snccessors in interest. Any forbeEUancx.bv I.cnder in exercising any right or remedy shall not be a waiver of or preclude the
<br /> __ cxcrcisc af any right or remedy.
<br /> _-__— 12. Si�ceessorp und Ass�gaz Bour,d; dc�f,n�t and Several Liability; Co-slgners. The covenants and ugreements of this
<br /> — Security Instrument shall biad and br.nofir, tha successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Bar.rmwer's covenantti ttnd t�grer.ments shull be joint and several. Any Borrower who co-signs this Security
<br /> - Instrument but doei+ not execute the Note: (a) is co-signing this Security lnstrument only to mort�age, grant and convey that
<br /> Borcower's interest in the Property under thc:terms of this Secueity Instrument; (b) is not personally obligated to pay the sums
<br /> secured by this Security Instrumenr and(c)n�rees that Lender arad any other Bonower may a�ree to extend, modify,forbear or
<br /> make any accommoclations with regard.to tha terms of this Secudty Instrument or the Note without that Borrower's consent.
<br /> 13.Loan Cht�r�es.[f the Lonn socurcd by ihis Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted sa thctt t�ce interest or other loan charges collected or to be collected in connection with the
<br /> loa��exceed the permitted iirnits, thc:n: (a)any sucli loan churge shall be reduced by the amount necessary to reduce the charge
<br /> to th;permittvd limit; and (b)any�:�ms alicady collected from Borcower which exceeded permitted limits will be refunde�to
<br /> Borrower. Lender mny choose tv muke this refund by reducing the principal owed under the Nate or by makins a direct
<br /> ---- _ payment to Borrower. If a refund neduces principal, the reduction will be treated as a panial psepAyment aithout any
<br /> prepayment charge under the Note.
<br /> 14. Notices.Any notice to Borr�wer provided for in this Security instrument shall be given by delivering it or by mailins
<br /> it by first class mait unlcss t�pplir.�sblo Inw requires use of another method. The notice shall be directed to the Properiy Addmss
<br /> _-- or any other address Borrower designatas by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> - Lendcr's address statod hcrcin or any odusr add�r,ess L.ender designates by r+oticc to Borrowcr. Any noticc provided for in this
<br /> Security Instrume�t shall be dcemal to hs�vc bcen given to Borrower nr Lender when given as provided in this paragraph.
<br /> 15. Go�'crnEng Law; Severt�hility�. This Secnriry Instnimenc shall be govcrned by fedcral la�v and the law of the
<br /> -%':�:`'� jurisdiction in which the Property is Iocated. In the event that any provision or clause of this Security Instrument or thc Note
<br /> -•��� mnflicts with applicnble luw,suc.h canflict shull not affect other provisions of this aecurity Instrument or the Note which can be
<br /> -- -�;:.�i;� given effect withaut the conflicting provivinn. To this end the provisions of this Security Instrument and the Note are declared
<br /> �`��' to be severable.
<br /> °""='''�2� 16. Borrower's Copy.Borrou�er shull be given one conformed copy of the Note and of this Security Instrument.
<br /> -_- Form 3028 9190
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