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<br />__� paymcnts m.iy no I�ngcr bc rcyuircd,nt thc optinn of Lendcr, if murtIIn}�c intiurimcc covcragc(in thc iimt�unt:.md fiir thc perioJ
<br /> thut I.endcr jcquires)prc�videcl hy im insurcr upproved by L,endcr n�;nin bccom�s avniluhlc and i�n�taincd. Borrc�wcr shull pay
<br />-_�� the prc�i�iums rcquiral to nu�intuin mortgi�ge it�surance in effect,or w pravid�a loss rescrve,until thc rcyuircmcnt Por mortgnge
<br /> insurnnce ends in i�rnirdance with i�ny writte�i ugreement bctween�nrrower and Lender or upplicuble low.
<br /> ±= o_ i�y�tt,a...���;,,��v nr iE�� ::gent ma, :n^!:�rc�::etta►�!c.nircc�����n +�n�l inc�w�vei�in�of thc Propc�'ty. l.endcr shtdl givc ,
<br /> `;� F3�tirrnwer notice at the time of or prior tu un inti{x�tiim specifving reusonable caase �or tlte inspc�tinn.
<br /> --= lU. CondemnAtion.'1'he proccafs ol'<<uy uwurd or clnim fur du�uages, direct or cnnsequentiat, in connecii�n �vitn mtiy
<br />=-� rnndemm�tian or other takin�;of imy part nf'the Property,or for conveyunce in lieu of coudemnulion, are hereby assigned nnd
<br />-.r= shull bc paid to I.cndcr.
<br /> In the event of a tntal tuking of tl�e Property,thc procccds sh��ll be upplc�ct to the sums sesured by this Securiry Instrument.
<br />��� whether or not then due, with uny excess paid to Borrower. In tho event of u partial taking af the Property in vvhich thG fnir
<br />-� market v,duc�f thc Property immedintcly bcfore�hu taking is cqunl to or grratcr than thc:unount of thc sums sr.curcd by this
<br />� Security lnstrument immediatcly bcforc the t,►kiug, unless Aorrower and Lcndcr othcnvisc agrcc in�vriting,tl�e sums sccurcd by _
<br />_� this Security Instrument shall be reducect by the amount nt the proceeds multiplied by the followins fraction: (i�) the tot:�i
<br /> ,�� amount of the sums sccurcd immc�iiately befarc the taking, divided by Ib) thc fair market valuc Qf thc Property immcciiately
<br /> "— before the taking. Any balance shull bc paid to Rorrowcr. In lhe cvcnt of n partiul taking of the Propcny in which the fair
<br />��� market valuc of the Property immedintely bcfo��c thr,taking is Iess than the amaunt of the sums secured immcdiatcly before the
<br />_— taking, unless Borrower and Lcnder othenvise agree in writing or unlcss ap�?licablc law otherwisc pruvides, thc proceeds shall
<br /> _" be applied to the sums sccured by this 5ecurity lnstrument whcther or not the sums are thcn due.
<br /> �� If the Property is abandoned by Borrower,or if,after nuticc by L.ender to Horrower that the condcmnor affers[o n�ake an
<br />-:� award or settle u claim far dam�ges, Borrower fails to respond to I.ender within 30 days after thc dnte the notice is Fiven, -
<br /> C.ender is authorizr,�i to collect and apply the procr..eds,xt its option,either to restoration or repair of the Propeny ar to the sums
<br /> - secur e d by t his Securi ty I n s t r u m e n t,whethcr or nUt ct�un duc.
<br />�i Unless L.ender und Borrowcr otherwise agrec in writing, any application af proca:ds to princip�l shall not extend or
<br /> = postponc the duc datc of the monthly payments referrcd to in paragraphs I a�d 2 or change the amount af such paymcnts.
<br /> 11.Borrawcr Not R�rleased;Forbea��ur�ce By Lender Not a Waiver. Extension of'thc time for payment or modification
<br /> — of amortiz�tion of the sums secured by this Security Instrument granted by Lender to any successor in interest ot Borrower shall
<br /> ---- not operntc to release the liability af the original Bonowcr or Borrower's successors in interest. Lender shall not bc required to
<br /> commence proceedings against an�+successor in interest or refuse to extenai time for payment or othcrwise modify amortiration
<br />--�-- of the sums secured by this Security Instrument by reason o4'any dem:uid made by the ariginul Borrower or Borrower's
<br /> —: successors i� interest. Any forbearance by Lender in exercising ar►y right or remedy shu11 nnt be a waiver oi or preclude i�ia
<br /> exercise of any right or rcmedy.
<br /> 12. Successor� And Assl�ns liound; Juin^ And Several Liability; Co-signers. The covcna��ts and agreements of this
<br /> Security Inst�vment shall bind and benefit the successors and assigns of I.ender and Honower, subject to the provisions of
<br /> paragraph 17. Borrower's covenAnts ttnd agreements sh�ll Le joint and several. Any IIottower wlto co-signs thts Security
<br /> Instrumcnt but docs not executc zhe Note: (a) is co-signing this 5ccuriry Instnimcnt only to mortgaqr., grant and convey.that
<br /> Bonower's interest in the Property onder the terms af this Security Instrurnenr. (b)is not personally obligatal to pay the sums
<br /> e securad by this See:urity Instrument;and(c)agrecs that Lender and any otEr�r Hurrower may agree to extcnd.madify,forbear or �
<br /> make any accommodations with regard to the tcrtns uf this Security Instrument or the Note without that Borrower's consent.
<br /> t3.Loan Charges.If the loan securcd by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpretec] so that the interest ar other loan chnrges collected or to be collected in connection with the
<br /> • loan exceed the permitted limits, then: (a)any such locu►charge sl�all be reduced by the amount necessary to reduce the charge
<br /> to the permittod limir and (b)any sums already sollected from Borrower tivhich exceccied permittcd limits will be refanded to
<br /> Borrower. I.ender may choose to make this refund by rcducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refz�•c�ct reduces principal, the reduction will bs treated as a partiul prepayment wiihout uny
<br /> prepAyment charge under the Noze. •
<br /> 14.Notfees. Any notice to Bon�ower provided for in tliis Security Instntment shall be given by de3ivering it or by mttiling
<br /> � it by first class mail unless xpplicable law requires use of another method.The notice shall be directocl to the Property Address
<br /> or any other address Borrower designates by notic�e to Lcndcr. Any not9cc to Lend�r shall bc given by first class mail to
<br /> Lender's address sWtod hercin or any othcr address I.cnder designutcs by notice to Borrower. Any natice provided for in this
<br /> Security Inst►ument shall be dccrned to have been given to Idono�vcr or Lendcr when given as provideci in this paragrnph.
<br /> 15.Guvcrning I,aK�; Se�vers��ility. This Security Instrument shall be govemc.�i by fedcral luw and the law ot the
<br /> juriadiction in�vhich the Property is locatecl. In Yfie event that any provision or clansa of this 5ecurity Instrument or the Note
<br /> conflicts with appliclble iaw,such conflict shall nut affect otlior provisions of this Security Instrumcnt or the Note which can be
<br /> _ given effect without the conflictin�,provision.To this er.d the provisions of this Saurity Instrument and the Note are decVam,ei
<br /> - to bc sevcrablc.
<br /> _— 16.Borrower's Copy.Borcower shall be given one cunFormeci copy of the No�e and of this Securit�Instrument.
<br />-_-- Form 3023 9l9U
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