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. ,.. - --_-- - — . . -; t . � ... ,,_,...y_.s_..�e�'e:ar.-... � ..�....�.. . .. . .. .r . . ��.__" � �...»_�""_'_.'...�_.__"..._..._._�._..._._.,.s:..�:.'—� _�'___—'_—. 98- 1�►s•�eb � ��;ments mAy ra��neer be requireci,vt the option of L.ender, iF mortgage insurance covernge(in the amowtit a►xl for tho perial that I..endtr rcquircs)prnvidcd by an insuror approved by I.ender again beconxs uvuilublc und is ohtained. Horn�wcr shatl �wy , the premiums required to maintain rn�rtgage insurae�ce in effect,�r to provide u loss rescrvc,unti)thc rcquircmcnt fnr mortgage Insura�x:e ends in accorclanee with uny written agreenxnt between Burrower nnd Lender or upplicable Inw. 9.In�poclbn. L,endcr or its agent muy makc reusouablc entrics upnn und insErctions uP thc Properry. l�:ndcr shall givc Borntiwer notice et the time of or prlor to an inspection specifying rensonable cause for the inspectiun. , lU. CondemnAtlan� The proceeds of any award or claim for damagcs, direct or consequ�miul, in cc�nnectirn� with uny condemnation or other taking of uny part af the Properiy.or for conveyance in lieu of cuixlemnatinn, are hereby ussign�xt ui�l shall be paid to Lencier. In the event of a total tnking of the Propeny, the prcxeeds shall be upplied tv che sums sc�ur��i by lhis Sccurlty Instruntettt, whether ar not then due, with uny excess paid to Bonower. In the event ai a purtiul tuking af thc Pri�perty in �ti�hich the fnir market valuo of thc Property immediatcly beforc thc taking is equal to or grcater than thc amount of thc sums secured by this Security Instrument imrnodiately before thc laking. unle,+Burrower anct Lender otherwi:.e agrco in��rriting,the sums securcd hy this Sncuriry instrument shall be ratuced by the umount of the prc�cceds multiplied by the following fructicm: (u) tha total amount of the sums secured immodiately befare the taking, divided by (b) the tair market value of thc Propc�ty imm�iiutcly before the taking. Any balance shalt be paid to Borcower. In the event of a partial tuking of tlie Property in which tl�c fair market value of the Froperty immediately bef�re thc taking is less than th4 anx�unt of the sums secured imnticdiatcly beforc the taking, unless$orrower and Lender otherwise ag►�e in writin� or unless applicablc luw otherwise providcs, the proceeds shatl be appliud to the sums sccurod by tliis Security Instrument wtu:il�;r or not the sums ure tlien duc. If the Property is abandoned by Borrower,or if, after nK�tia:by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fuils to rc�pacxi to Lender within 30 days �fter the date the notice is given, L.ender is eudx�rtai•a to cullcct and apply the procee.ds, at its op�ion, eithee tu restoration or repair of the Property or to the sums securod by this Se�priry�Inswmant,whether or not then due. Unless Le►xlar ui� ��'t'ower otherwisc agrcc in ��►7it�ing. any applicatiun of proceeds to principal shall not extend or postpone the due d�te of the monthly payments referred ta in paragraphs 1 and 2 or chungc the amaunt af such payments. 11.&Nrow�Cr�Not Rdewsed;Furbar+�nc�BY��r Not a WAtver. Extension of the timc for payment or modification of amortizatian nti�ho sums seaued by this Security Instrument grunted by Lender to any success�r i��interest of Bonower shall not operate ro mie�.ce the liability of the ori�inn��Orrower or Bottawor's successors in interest. Ler►der shall tx►t be required to commenee proceedings against any successor In interest or zefuse to extend time fnr payment or otherwise modify umortiza[ion of tha•sums secural by this Security Instrun�ent by reason of any demand macle by the original Borrower or Bormwer's successors in inteKes�• Any forbearance b;� L.ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right'or remedy. a`� ��. �na s,��sr� t�o��nd: Jolnt and Several Lltibfl[ty; Casigners. The oovenants and agreements of►his Security Instrumeat �hall bind nnd benefit the successors and assigns of Lender and Sorrower, subjoct to the provisians oi paragraph 17. Botrower's cavenanta and agraments shal! ba joint and saveral. Any 8orrower who co-signs this Security Instcument but does not execute the Note: (a)is co-signing this Security Instn�me:nt anly to mortgage:�tgran�and con�ey that Botrower's interest in the Property under the tarms ot tms �ecurity ins[rumcn►; lDj Ia Ilol}�c��iwuy Juu�a�w...r.y ...........-- sceurcd by thi�SFcurity Instrument;and(c) t�gnes that Lcnder and any otk�cr Borrower may agree to extcnd.tnodify,forbear or rnnke any accorruiwdations witt�regard to the ternis of this Socurity Instrument or the Nato without that Borrawer's consent. �� 13. Lopn Ch�rge.+. If the loan secured by this Security.nstn�mtnt is subjoct to a�iaW which sets maximum loan charges, and that law is fir►ally interpretal so that the intemst or other loan cha�ges collectai b�•to be collcctod in connection with the loAn exceod the permittod limits, then: (a)any such loan charge shull be reduced by the amount nocessary to roduce the chuge to the pern►itted limit;and(b)any sums already collected from Bonower whi,,�exceeded permitt�limits will be refurtded to Bornower. Lend�r mxy choose to make this rofund by reducing the Frincipal owed under the te or br ri�king a direct payment to Bo►mwer. It a nfund roduces principal, the rafuction will be treates� as a partial prepayment without any prepayment charge under the Note. 14.Nutices.Any notice to Borrower p�n�ided for in this Security Insttument shall be given by delivering it�r by m�ailing , it by fir�t cla6s m�il unless applicable luw tequires use of another method. The notice shall be directed to the 1'roperty Address or any othrr rddress Borrower dosignate> by notice to [.ender. Any notice [o Ler►der shall be�given by first class m�it to Lclxlor's addrc'ss atutaf hercin or any other uddress Lender designata by notice to Rortower. Any tlotice provided for in this Sa;urity Insttuinent shall be detmod ta have been given to E3orrower or Ltndcr when given as provided in this paragraph. 15.Ga�verixirq� I.�M; Sevenbllity. This Securiry instrument shall be governed by faleral law ancl the law of the jurisdi�liuiz in whiCh the Property is �ocated. in the event that any provisian or clause of this Socurity Instrument or tho Note conElicts with upplii:able law, such conflict shall not affat other provisians of this Security Instrurnent or the Note which can be given effect withaut the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared to be severable. 16.Horrowsr's Copy. Borrower shall be giva�one conformcd copy of the Note and of this Security Instrument. Ft�rm 3028 918a r.o.4 oi e �