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<br /> .� paymenis rnay na longer 6e required,at the option of Lender, if mortgage insuranee ccrveruge(in the amount and for the period
<br /> _ �, that Lender rzquires)provided by an insurer upproved by Lender again bccomes avuilab�c and is obtuincd. Boerawer shall pay�
<br /> •• the premiunis required to maintain martgage insurance in effcct,or to provide n loss rescrve,until thc requirement for mortgage
<br /> `=�`;�`:s,:;,,, � insurance ends in accordancc with any written agrecment between Bonower and l.ender or applicable lnw.
<br /> ' . 9.IcesperSion. Lender or its agent may make re�tisonable entries upon and inspections of the Property.Lender shall give
<br /> Borrower notice at the time of or prior to 1n inspection specifying reusor�able cause for tlie inspCCtion.
<br /> -'�'� 10. Condemnatton. The proceeds of any award or claim for damnges, direct or consequentiul, in connection with any
<br /> � condemnation or other taking of n�,�•part of the Property,or for comeyance in lieu of condemnation, are hereby assigned and
<br /> •+�"�!; shnll be paid to Lender.
<br /> ��'j dn the event ot a totnl t�kingof the Property,ihe proceeds shul!be npp�ied to the sums secured by this Securiry Instrument,
<br /> �; whether or not then due, with any excess paid to Borrower. In the event of a pzrtial taking of the Praperty in which the fair -
<br /> market value of the Property immediately beforc the taking is equal to ar�reater thln the amount of the sum5 secured by tl�is
<br /> ' ' ' Security Inst�ument inurtediately be�are the taking,unless Borrower and Lender otherwise agret;in writing, the sums secured by
<br /> ' r , this Security Insuument shall bc reduced by tlie amount of thc proceeds multiplied by the follawing fraction: (a) the total
<br /> umount of thc sums securcd immediately bcfore thc taking, dividul by (b) the fuir mnrkct vulue of the Property immediately
<br /> :,;:.��raf1 befure the taking. Any balnncc shsil be paid to Borrower. ln thc event of A partial tuking of the Property in which the fair
<br /> '� •�°f' markct value of ihc Propeny imnxciiatcly befare the tuking is Icss than thc amount af the sums secured immc�iatcly bcfare the
<br /> . taking,unles�F3nrr�iwer +md I.cidcr nthcnvisc uEree in writin�;or unlesti applicubie luw othcrwisc pravides,the proceeds shnit
<br /> ' �` �' Uo upplied ta Utc au�ns securcd Ny this Sccurity Instrum�nt whcthcr or not the sums ure thcn due.
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<br /> :°s;��* . If ihe Pro�xny is uba�xirn�ed by Borrower,or if, uRer notice tsy Lencier to Barrower thut the condemnor of�'ers to make an
<br /> ' i�ward or tieltle u cluim for dum�g�:s, I3orrower fiiils to respond to I.ender within 30 days after the dute the notice is given,
<br /> ��..:.._c;,w
<br />-.;.r•},;, I.ender is authc►riud to coUcct ui�d�pply thc pracccds,ut its option,cithcr to restorntion or repair of the Property or to the sums
<br /> �" secured by this Security Instrument. �vhether or not then due.
<br /> `'���'+ Unless Le:ndcr and Barron•er otherwisc ugree in writing, nny applicatiun of procecds to principal shall not extend or
<br /> ~":s:
<br />_�N„t}�, postpone thc duedute of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />='��.Y 11.Borrouer Not Released; Torbearnnce By Lender Not a Waiver. Extension of the time for payment or modification
<br /> ---.�:.�...
<br /> `y�:�� of amarti-r,ation of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> ;.;��;��' not operat�to release the liubility of the original Bonower or Borrower's successors in interest. Lender shall not be required to
<br /> "="'}:w�� commence nroceedines aeainst anv successor in interest or refuse to extend time for payment or otherwise rnodify amonication
<br />-N�x:��.� of the sums secured�by�this Securiry Instrument by reuson of any demaa►d made by the original Barrower or Borrower's
<br /> — -`'"`� � successors in intcrest.Any forbearAnce by Lender in exercising any right or remPdy shall not be a wuiver of or preclude the
<br /> -----�'"'°=°_;', exercise of any right or remedy,
<br /> = ` 12. Succeswrs and Assigns Bound; Joint and Several LiAbillty; Castgners. Thc covenants and agrecnz�nts of this
<br />��n--� l Securiry Instrurnent shall bind a��d benefit the successors and assigns of Lendcr and Bonower, subject to the provisions of
<br />-- — paragraph 17. Borrower's covenants and agreements shall be joint und several. Any Borrower who ca•signs this Security
<br />______._ �� Instrument but daes not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> _._-�-,�;��. Borrou�er's interest in thc Propeny under the terms of this Security Tnstrument; (b)is not personally obligata9 to pay the sums
<br />_—��.«xn�' secured by this Security Instn�ment: and(c)agrees that i.ender and any other Botrower may agree to extend,modify.forbetir or
<br /> ���+ make any Accommodations with regard to the terms of this Security lnstrument or the Note without that Borrower's consent.
<br /> �_���,"r 13. Loun Churges.If the loan sccured by thie 5ecuriry Instrument is subject to a Inw which sets maximum loan charges.
<br /> __.__ and that law is finally interpreted so that the interest or other loan charges collected or to be collected in rnnnection with the
<br /> _ lonn exceed the permitted limits,then: (a)any such loan churge shull be reduced by the amount necessary to reduce the charge
<br /> ________ to the perrniited limit;and(b) any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> _-—_, $onower. I.�nder may choose io make this refund by reducing the principal owed under the Note or by making a direct
<br /> -=- payment to Botrower. If u re(urrd reduces principal, the reciuction wili be treuted as a parti�l prepayment without nny
<br /> _.__ -�- prcpayment charge under the No�e.
<br /> —_�_- 14.Notices.Any notice ta Banower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> -- it by first clazs mail unless appli�r�le law requires use of another method. The notice shall be directed to the Fmp�.rty Address
<br />� ---' � or any other address Borrowcr designates by notice to Lender. Any notice to Lendee shall be given by first class mctil to
<br /> -- = Lender's address stated herein or any other address L.endcr designutes by notice to Horrower. Any notice ptovided for in this
<br />- __-_ � Sccurity Instrurnent shall be decmed to havc been given to Borrowcr or Lender when given as provided in thia paragraph.
<br /> --.__�,.} 15� Governing Law; Ser•erabfUty. This Security Instrument shall be governcci by federal law and thc law of the
<br /> ---= '� jurisdiction in which the Propeny is located. In the event that any provision or clause of this Security Instmment or the Note
<br />_ -'�j;, .. ��'r conflicts with applicable law. such conflict shall not affect other provisions 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 Instrument und the Note are declarai
<br /> =-:�`�;i�����}� to be severable_
<br /> `' =",1�; 16.Borroµ•er's Copy. Borrower shnll be given one conform�.d copy of the Note and of this Security Instrument.
<br />::�i:
<br /> ':'^,;�f.;;,�;1� Form 3028 9190
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