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<br /> 97� 104004
<br /> payments muy no langcr nc rcquirccl,ut thc optian of l.endcr,if martgubc insurancc covcragc Hn thc umount and f'or thc{x;riod
<br /> thn� Lendcr requires) provid�i by un insurer approvcd by L.cndcr again bccames avuilable and is obtnined. l3arrower Fhall pay
<br /> tlie prcmiums requircd tu►naintain mongage insuran�e in effcct,or to provide a loss rescrvc,until the rcqui�s:ment fur mortguge
<br /> insurance ends in uccordance with any wrltten agreement between Borrwver cmd Lender or uppNcuble law.
<br /> 9, [t�pectton. Lcnder or its agent may make reusonable entrics upon und inspections of rhe Praperty. l.ender shull give
<br /> LioiTOwer notice at the Nme of�r pt•iar to un inspection specifying re,�sonable caiise for the inspection.
<br /> 10. Con�kmnAtion. The procceds of any award or cluim for dumages, dircct or conseyuential, in connection with uny
<br /> condemnation or other tukin�of any part of the Araperty, c�r for conveyance in lieu of condcmnation,are hereby assigncd nnd
<br /> shall be paid to L.ender.
<br /> ln the cvcnt of a totnl tuking cf the Propeny,the proceeds shall be applieci to the sums securcd by this Sccurity Instrument.
<br /> whether or not then due, with nny exeess paid to Borrc�wer. In the event of u partial taking of the Property in which the falr
<br /> market valuc of the Property irnmcdiately before the laking is cqual to or gresitcr than tlie amount of thc sums sccured by this
<br /> Security Instrument immediate[y before the takin�,unless Barrower And Lender otherwise agree in writing, thc sums secured by
<br /> this Sccurity lnstrument shnll be redu�e� by the umount of the proceeds multiplied by the following frnction: (a) the tatal
<br /> mnount of the sums sccured immediately before the taking. divided by(b) 1he fair market value of the Property immediately
<br /> beforc th=taking. Any balunc� shall be paed to Borrowcr. In the cvcnt of a partial taking of thc Praperty in which tho fair
<br /> m:u�kct value of the Property icnmcdiutcly before thc tuking is less than ihe nmouut of the sums secured imnialiatcly before the
<br /> tnking,unless Horrower and Lender otherwise n$ree in writing or unless applicable law otherwise provides,the proceecls shall
<br /> be applied to the sums secured by this Security Instrument c�hether or nat the sums are then due.
<br /> If the Property is nbandened by Horrower,nr if,after notiae by Lender to Borrower that the condemnor offets to make an
<br /> award or scttic a clnim for aam�ges, I�orrower fnils to respond to Lender within 3Q days after the date the notice is givcn,
<br /> I.ender is authodzed to collect and upply the proceeds,ut its option,either to re.stor:,tion or repair of the Property ur to the sums
<br /> secured by this Security Iustrument,whcther or not then due.
<br /> Unless i.ender and Borrower otherwisc ugree in writing, any application of}�roceeds to principal shall not extend or
<br /> pastpone the due datc of tlie monthly payntents refened to in paragraphs 1 ra�d 2 or change the amount of such payments.
<br /> 11. Bormwer Not Rele�sed;Forbearance By Ler,der Not a Waiver. Extension of the time for paymcnt or modification
<br /> nf:imnrti?ntinn nf thP c�r�pz a^a:�,�i?L���!f2lS�^!!:'!i�2^«SST.!lT2�.".:A:3.R�f.`3?.�,",�C:t0�T.'j�i:,.t^°..,�sor ir.'sr;erM,i af E;ssm�Bi��:«!!
<br /> not nperste to relense thc li�bility of tlte original Borrower ar Borrower's quccessors in inter�.st. I.ender shall not be required to
<br /> cartunence proccedings aguinst any successor in interest or refuse to extend time for payment or otherwise modify tunoriizatlon
<br /> of the sums saur�d by this Suurity Instrument by reason af any demand ►nade by thc originul Borrower �r �3arrower's
<br /> successors in intere.�t. Any furbearance by I.ender in exercising any right or remedy shall not be n waiver of ar preclude the
<br /> cxercise of uny right c�r remealy.
<br /> 12. Succ�ssor� mxl Assi���s Bound; Jaint And Severnl Liabllity; Casigners. The cavenants and agreements of this
<br /> Security lnstrument shull bind and t�nefit the successors and assigns of L.ender ar.d Burrower, subje�t to the provisions of
<br /> paragraph 17. Bo�7ower's covenants nnd agreements chall be joint and several. Any Bonower who co-signs this Security
<br /> Instrument but does not er�ecute the Nota (a)is co-signing this Security Instrument only to mnrtgage, grant and convry that
<br /> Borcowor's intcrest in thc Praperty w�dcr thc terms of this Security Instrument; (b)is not personally obligated to pay the sutns
<br /> secured by this Security I�strument;nnd(c) agrces that I.ender and uny othcr Aonower may agree to exte�xi,modify, forbear or
<br /> mnke nny naommodutions with rcgard to the tcrms of this Security Instrument or the Note without that Borrower's consent.
<br /> A3. I.oAn Charges.If the loan sec:urcd by this Security instrument is subject to a law which sets maximum loon charges,
<br /> and thut !Aw is fimilly intcrprcted so thut thc intcrest or othcr loan charges collected or to bc collected in connectian witi�the
<br /> loan excted the permittexl limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permittod limir und(b)any sums alrcady collected fram Berrower whicli excecded permitted lim�ts will be reiundCd to
<br /> Honower. Lender ro�iy choose to make this refund by reducins the principal owcd under thc Note or by making a dircct
<br /> }aayment to Borcawcr. if a refund roduccs principal, the reduction wil! be treatal ns a partial prep��yment without any
<br />' pre�►ayment chnr�e under the Note.
<br />; 14, Not6as. Any noticc tn Borcower provicic�d for in this Security Instrumcnt shall be giv�n by delivering it or by mailing
<br />. it by Crst clnss mnil unless applicable law r�quires use of snother method. The notice shall be directed to the Property Add�ress
<br /> or any utl�er address Borrower designates by notice to Lender. Any nnticc to Lender shall be given by first class nuiil ro
<br /> Lencler'w address stuted herein or any other address Lender designates by notice to Borrower. Any notice provided for in thls
<br /> Security l�utrument shall bc dccmal to have becn given to Borrower or L.ender when given as provide�in this parograph.
<br /> 15. Caverning I.s�w; Severnbtlity. ['his Sccurity Instmment sh�ll be governed by federal law and the 1c�K� of the
<br /> jurisdiction in which rhe Property is located. In the event:hnt nny provision or clause of this Secuxity Instrumens or the Note
<br /> conflicts with applicable law,such conflict shall not affect nther provisions of this Security Instrument ar the Note which can be
<br />, given effect witliout tl�c contlicting provision.To this end the provisions of this Security Instrument und tho Note ure declarcd
<br /> tu bc sevcrublc.
<br /> 16.BorroKer's Copy. Horrower shull be givcn one mnformed copy of the Note 3nd of this Security Instrument.
<br />� Fam 3028 9180
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