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�� . ., • N� _ _. . f. � .._ '• •-'-'-.- -. .----- - i;v.. " - -�..�.-�._.._- -.__,..� . __—,:- , . - ��ax�a'_-----�-�------ —. -- ----- 97- �04145 pAynxnts may no longer be rcyufced,at�hc option of I.ender,if mortgnge insurancc cc�vcragc(In thc amnunt und for the{►eriat that L.ender requircs)provided by an ensurer approved by I.�nder again bi�comes uvuileblt and is obtuincd. liorrower shnll pay tlic premiums requiruf ta maintain mortgege insurance in cffxt,ar to pravide a loss reserve,until thc r..qalrer�knt for nwrtgage insurance ends in accordance with a��y wtitten agrccmcnt L•::tr:een Borrotver and I.��der or applicable lau;. c 9.Inspection.Lcnder ar its egent may make reasanablc entries upon and inspections of the Proparty• I.ender shall givc Aorrower notice et the time of or prior to sn inspection specifying reasonable cause for tl►e inspection. 10. Condtmnatlon. The procecds of eny award ar claim for damages, direct or consequential, i�connection with any condemn�tion or other taking of any part of the Property, or for conveyance in lieu of condemnntion,ara t►ereby ussignod and shaU be paid to Letxitr. In the event of a tr,tal taking of ti�e Property,the procceds shall be applied to the si�ms secured by this 5ecurity Instrument, whether or not then due, with any excess paid to Barrower. In the tvent of a partial taking of the Propetty in which the fair market value of thc Property immedintely before the taking is equal to or greater than th�amaunt of the sums secured by this Security Inst�ument inunediately before the taking,unlcss Borrowcr and Lender otherwir,e agrce in writing,the sums secured by this Security Instrument shulf be reduced by the amount of the proceeds multiNlied by the following fraction: (a) the total amount of the sums secured immediately before the taking, dividecl by (b) the fair market value of the Property immcdiately bcforc the tnking. Any balance shall be paid to Bonower. in the cvent of a partial taking of the Propercy in which the falr matket value of the Property immediately before the taking is iess d�an the amount of the sunis securetl immcdiatcly befon the — Wcing. unless Bonower aud Lender otherwise agree in writing or unle.gs applicable law otherwisc provides. the proceeds shall be applied to the sams secured by this Security lnstrument whetl�er or not the sums are then duc. i If the F'roperty is.nbandarxd by Botrower,or if.after notice by Lender eo 8orrower thnt the condemnor offers to make ar► � award or settle a cls�iz�s for dumages. Borrower fnils to respond to L,emlea �vithi� 30 dnyF after the d�ite the notice is given, Lcnder is authorized to collect and ap�ply the proceeds,at iu option,either ta restaration or repuir of the Property or to the sums - secured by this Security Instrument,�vltether or not then due. ' Unless 1..�nder und Borrower athocwise �gRee in writing, any applicntian uf proccecls to principal shall not ex�tcr�l or �'�` postpone the due date of the monthly payments refcrred to in paragraphs 1 an�2 or change the amount of such payments. ��,go�oWer�T��Rde�sed;Farbatt�Ance Hy IRnder Nat a Wa9ver.Fxtenseon pf the titne for payment or muctification h of urnorti7ation of the sums secur«1 by this Security Instrumeni g�nnted by L.ender to An;r successor in interest of Horrawer s6all '� not operate to release the lisbility o�' the origlnal Bonower or barrower's succe.xwrs i��ii,�ci�.;i• 1.,�::�e=;h�::r.�t�e:�,etir^��s^ `�y commence proceodings against any successor in interest or refuse to extend time for payment or ot�erwise modify amortization �' of the sums secured by this Security Instrument by rwson of any den�and made by thc originul Borrower or Bonower's ,� successors in interost. Any fotbearance by Lender in exercising any right or r�meciy shxll not be A waiver of or preclude the ' exercise of any right or remcdy. ..� 12, Suoc�on� And Assign�Bound;JoiM wnd Several Uabllity; Casigners. The+ covcnants and agrecments af this Security Instrunxnt shall bind and benefit the succ:essors and acsigns of Lender and &�rrower, subj�.ct to the pravisions of ':; p�ragraph 17. Borrowtir's covenentF wnd agraments shaU be jnint w�d several. Any Borrower who co-signs this Security � Instrument but does not execute the Nae: (a) is co-signing this Security Instrument only to mortgage, grant and convey that �t� Bc�rrower'�interest in the Propeny under the terrns of thi9 Socurity[nstrument;(b)is n�t per.sonaliy obligatod to pry the sums � secured by this Sxurity Instrument;and(c)agrxs that Lcnder and any uther Horrower may agrx to extend, madify.fofiear or � make any rocomir�odations with itigarcf to the ternu of this Socurity Instrument or the Nota without that Borrower's consent. 13.I.o�n Ch�rg�a.If the!an secured by this Socurity Instn►ment is subjxt to a law which sets maximum loan charges, ;; and that law is finally interpreted so ttut the intercst or other loan charges colloctal or to be collectal in connection with thc s.;' loan excood the pemuttod limits.then:(a)any such loan charge shall be reduced by the amaunt necessary to reduce the chw�ge .� to the permi[cal limit:and ib)any sums alrcacly collectal from Borrower which exccodod pecmittod limits will be refunded to :i Borrower. I.�nder may choosc to make this refund by reducing the principal ow�d under the Note or by a�aking a direct payment to Borrower. It a refund nduces principal. the reduction will be trcated as a ptutial prepayment without any =� prcpayment charge under the Noto. ` � 14.Noticea.Any notice to Bormwer provided for in this Security Instrument shull M;given by dclivering it or by m�il'eng it by ferst clatis mail unless applicable law requir�s use of another method. Thc notice shal!be dirccted to the Psopea�ty Address � or any other address Borrower designates by notice to Lender. Any notice to Lcnder shall be given by first class mail to ;,t Lender's address stated herein or any otlier address Lendcr designates by notia to Bonower. Any�ice provided for in this Socuriry Instrument shall bc damod to have been givcn to Borrowcr or I.cnder when given as provided in this paragrnph. ' 15.Governing I.Aw; Ser�bility. This Security Instrument shall bc govem�.*d 6�y fcderal law a�xl the law of the ;:� jurisdiction in which the Propec�y is located. In the event tt►at nny provision or eluuse of shis Security Instn�tmnt or the Note "' conflicts with upplicable lnw,such eonflict shall not affect other provisions of this Security Instrument or the Note which can be ;,? given¢ffect withoul ehe conflicting provision.'lfo this end the provisions of this Security Instrument and thC Note are declared to be severable. ' 16.Borrowcr's Copy.Borrower shall be given one conformed copy of the Noto und of this Securiry Instrument. � Fam 3028 9180 � = r.o.so�e ! � . • � �