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<br /> �� g7- �0469�3 -
<br />,;�;�,,,'. `� psyments may no longcr bc rcquirccl,ec thc option of Lendcr,�f mortgege insurancc covuagc(in tho amaunt and for thc pertod �-
<br /> that Lendu requires)providcd by an insurcr appmvcd by Lendcr agein becomes available and ia obrolncd.Bonowcr ahall pay 1hc
<br /> premiums reyuired W ���aie►tain mortg�c insu�ance ln effcct, or tu providc n Ioss rescrvo, undl ►hc rcquircmcnt for mortgaga �.
<br />:� insuru�ce ends In accordance with any written agrtemei►t between Barrowu anA Lender or applicable law. _
<br /> -- ..�„ 9.Inapectbn. Lcndu or its agent may make reasonable entrie.g upon and inspoctions of thc Proputy.i.cndcr shefl givo �:
<br />=-- Borrowu notice at the time of or pdor to an inspection spoc�fying reasonable cause for the inspocdon. �,.
<br /> -� � 10.Coademn�Non. 'I1�e procads of any award or claim for damages,direct or consequential. in connection with any
<br /> " ri+� condemnation or oUur taking of any part of the f'rnperty,or for convayance in Gau of condemnation. arc hcreby assigned and
<br /> sha]1 be paid w Lender. °
<br /> `�'.' �' In thc cvent of a total taking of the Properiy,the proceeds shall be appliecl w tt►e sums sccured by this Scxurlty Insaumcnt,
<br /> -_+ � ' ° whelher or not then due,with eny excess pald to Bo:rower.ln thc cvent of a partial takirt8 of the Propccty in which the fair markct
<br /> . ° �';'� • value of the Prop�rty immediately beforc ihe taking is equal to or greater than the amount of the sums stxurcd by this Security
<br /> �'�1'A°+ . Instrument imme�ia�ely before thu talcing, unless Borrower und Y.ender othenvise a�cc in wriang, the suma secure�i by thia
<br /> :9tit�f;��;,?,
<br /> ,� Sacuriry Instrumutt shall be reduced by the amount of tfic prdceeds multiplied by thc foUoe+ing fracdon:(a)the total amount of
<br />'1%�'�'�•'1�°: the sums sccuret!immedlately befon the wking,divided by (b) the fair mancet valee of the Property immediately before the --
<br /> :,,�:�,:.;�.�.• .
<br />'""u�.��'''"�' � telting.Any balence shall be paid to Borrower. In the event of a pardul t�icir,g of the Frpp�rty in��hich t��fu�r mnrket value of the -
<br /> :..«.;,:<<,:.
<br />--•{'::�"';,•, Property immediatcly 6afore the taking is less�han the amount of the sums sectued immeclia�uly beforc the taking, unless
<br />,:��7�i��1 i i.
<br /> Bonower and Lcnder otharsvise agru in wriring or unless applicable law otherwise provides.the�rocoeds shaU be applied to tlte
<br />- �^� aiuna secured by this Security Insaument whether or�ot the sums are then due.
<br /> =.�"-� If the Propeiiy is abandoned by BorQOwer,or if,after notice by Lendor to Borrowu thst the condemnor offers to make en
<br /> a"�•� award or seule a clalm for damages,Borrower fails to respond to Le�►der within 30 days aftcr the date the nodcc is givcn,Lender
<br />";�`.�-����� is authorized to wllcct and apply th�pnoceeds.at its option,either to rcstoration or repair of the Property or to the sums secured
<br /> -�y�� by this Sxuriry Insuument,wheth�x a not then due.
<br /> -�='°:� U'nlcs�La�da and Borrower ottxiwise�gree In wdtin8,�Y BPP�++�n of procoals w principal shall not oxtend or{wstponc
<br /> r_�.�
<br /> :���� the duo d�te ot the monthly ptyments refarcd t�o in peragaphs 1 and 2 or chango the unount of such payments.
<br /> '�""'"'_Q�' Il.Borrowsr Not Rekaiedi�a�*+��c By��r Not�Wdver. Extension of the timo for �ryment or mcxiificAdon
<br /> v .`„� of artlO�Nl,�tj011 Of IhE Sum��oCU[on by ti�u�ocuriiy In3vWTiu�i gia�ivG�,�I.��i0:si�� �� lS! i�.��nr.�nf Arxrr►w��Rhall
<br /> ---��;— not operoto to relweo the li�bility of tha origtn�IBorrowa or Bocrower'e sacce,ssors in intcres�I,end�x ahall not b�ro4uirM W
<br /> -_ _= commenco procoodinga Against any succes�in in►erest or refuso to extend time for payment or ahawix modlfy�unortizatioe of
<br /> -- the suma socurod by this Securiry Inswmertt by rea.ton of any demand made by the odginal Borrower or Barowa'a a�x�ea�ors
<br /> _= 1n inta+est.My forbearance by i.�enda in eaei+cis(n�y+my righi or�+emcdy ahall not be a wtdvu of or proclode tho eaereLve of�ny
<br /> ___— rlght a ranody.
<br /> 12.Succee�an�ad Aeal�na Bountl;Joint��Sever�l LiabWtr; Cas[gnere. The covenants and agroemcnts of this
<br /> • Soc�utty Inswment shall bind and berefit the successcxs and assigns of Lender and Borrower.subjxt to ihe provision� of
<br /> ----•--_�= paagr�i� 1�. Bor[ower's covenant�and agrctments sha11 b�joint and sevcral. Any IIorrowu who co-signs this Sxurity
<br /> - - Instrument but dau not eaecuu the Note: (a) is co•signing thls Security Inatrument only to morlgage,grant and convey that
<br /> � Barowa's interest in tha Proputy under the xums of this Socurity Instrumenr(b)Ls not pusonally ob8gaud w pay the sums
<br /> . socured by this Securlty Instrumen�end(c)e�gees that Lender end any aher Borrowu may egroo to exte�d.modifY.forbear or
<br /> '� make any eccornrtwdations with e�egard to the nerms of this Security Instrument or the Note without that Borrowa's consent.
<br /> ' 13.Lo�n Cluries. If the ban securcd by this Security Inaaument is subject w a law which sets maximum loan charges,
<br /> -- and that I�w is fu�ally intupreted so t6at Ihe inurest or other loan charges collected or to be colloctod in connxdon with tha loan
<br /> -- excad the pamiued limits.then:(a)any such loan charge shall be ceduced by the amount nocessary Go reduce the charge to tho
<br /> permiued limit;and(b)any snms Wready collecud fmrt►Borrowu which exceedod permiued limits will be refundad to Borrower.
<br /> - Lenda may choose to make thia nfund by reducing the principal owed under the Note or by maldng a direct payment to
<br /> - - Borrowu. If a nfund raluces princlpal,the reduction will be treated as a parci�'►f prepaYment witlwut anY PlepaYment chacge
<br /> -- unda the Note.
<br /> ___...�,.,_ 14.Notkxa. Any notica to Homowu provided for in this Security Instrument shall be given by delivering it or by mailing it
<br /> __�--- by first class mail unless applicable law rcquires use of another method.'Itie noace shell be dlrected to the Property Address or
<br /> --�..� any othu addrags Borrawer designatcs by notia to Lendcr.Any noGce to I.ender shall be given by first class mail to Lender's
<br /> - address stated huein or any other address Lerider de�ignates by notice to Borrowu. Any nodce provided �'or in this Security
<br /> -_'�"?��,� � Instrument shall be deemed tc�heve been givcn W Borrowcr or Lender when givcn as provided in this paragraph.
<br /> -�-�=� IS.Coverning Law;Severabflity. 'll�is Security Instrumertt shall bc govemed by federal law and the law of the
<br /> �,�� jurisdiction in wh:ch the Property is locaud. In thc event that any provision or clausc of this Socurity Instcument or thc Nou
<br /> ��;,,�;�;, coMicts with applicable law,such contlict shall not af�ect other provlsions of this Security Instrument or the Note which can be
<br /> :".d.:3'E�_^r.'� �
<br /> .,�.��..:. given effect wjthout the conflicting provision. To this cs�d the provisions of this Security Inswment and the Note arc dec w
<br />°'-`�i�-,i 6c severrbk. _
<br /> �{Ic.�'Y � .
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<br /> :;;�:;°;`-,� Form 307i 9190
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