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<br /> paynxnih mAy ix�langer be reyuired,At tl�apdc�n af LendGr, if martgage insuruncc covcrnge(in tho iunount uncl for thc perlal
<br /> tlwt l.crxtcr reyuires)providai by un insut+cr upprovod by I.endcr egsin becomes available wi�d iq obtainoci.Barrower studl pay
<br /> thc pnmiumx roquiraf to maintafn mortg�gc insurence in cfFxt,or to providc n loss reservc,until the rcquircment for mortgage
<br /> insuranca ends in acxordancC whh any wduen agrament bttween Borcowsr and Lender ar applicyble taw.
<br /> 9. Imhectlon, l.endr,r nr itti Aqent may mukc reLSOnable enitics upon and Inspcctians of the Property. Lencller shull give
<br /> Barrowar noti^c At tho time of or prlor to w��inspoction specitying rcasonablc cpuse for thc inspccNon. _
<br /> 10. Condemnatian. The proceods of any award or claim for damages, ditect or cansequential,in connoction with any
<br /> rnndcmnatian ar othcr taking of uny pun of�he Praperty, or for convcyance in Neu of condemnation,are hereby assignat and
<br /> shall be pald to Lcndcr.
<br /> In the ovent of a total taking of the Property.the pmceods sh�ll be applicd to the sums securcd by ihis Security Instniment,
<br /> whether or not then due, with any excess paid ta Borrower. In the event of u partlal taking of the Property in which the fair
<br /> tnAr�CCt valuc of the Propcny imnxdiQtely befora the taking is equal to or grcatcr than the amount of� sums securod by this
<br /> Secudry Instrument immediately before the taking,unless Borrower and L,cndcr atherwisc agrce in wr'►ting,the sums securod by
<br /> thls Saurity Instrumcnt �shall be reducod by thc umount of tho proceeds multiplicd by the following fraction: (a) the total
<br /> amount of the sums secured immediately b�fore the tuking,dividal by(b)the fair merket value of ihe Property immediately
<br /> before the taking. Any balanc� shall be puid tu Borrower. In thc event of a purtial t�king of the Property in which the fair
<br /> market vslue of the Property immediately beforo du taking is less than the amount of the sums securtd irnmodiately before the
<br /> tuking,ualess Borrower e�tid I.endcr atherwisc agrce in writing or unless applicable law otherwise providaa, the proceeds stwll
<br /> be appliod ta tho sums secured by this Saurity Instniment whether ar not the sums are then due.
<br /> If the Property is abandoned by Barrower, or if.after notia by Ler�er to Borrower that the condomrar offers to mAke nn
<br /> award or settle a claim for d�unages, Borrower fails to respond to Lender within 30 days after the date the notia is given,
<br /> Lender is authorized to cnllxt and apply the proceals.at its option,either to restoration or npair of ttu Property or to tlx seuns
<br /> socural by this Security Instniment,whether nr not then d�cc.
<br /> Unless Lender end Borrower otherwise agroe in writing, any application of proceeds to principal shall not extenri or
<br />� pastponc the due date of the monthly payments referred to in paragnphs t and 2 or change thc amount of such payments.
<br /> Il.Bormwer Not Reteased; Forbearance By I.ender Not a Waiver.Extension of tho time for payment or modification
<br /> of amortization of the sunu securod by this Securiry Instrument grnnted by Lender to eny suceessar in interat of Horrower shall
<br /> nnt operate ta release thc lisbility af the original Borrowor or Bc�rrower's successors in interest. I.ender shall not be requirod to
<br /> w�,-.�ac�pro�',�ir,gs agaissat�� suc�°.ar!n ir.tsr�i Qr rtfs��n+�,�r�nri tinx f�r nayrrxnt or othenvise modify 8mortization
<br /> of the sums socurod by this Secudry Instnunent by reason of any dcmand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or romedy shall not be a r�aiver of or preclude the
<br /> exercise of su�y right or remexly.
<br />= 12, Suc,cessoes and Aasign4 Bound; Joint and S'veral Lt�bility; Casignas. The cavenanu and agraments af this
<br />= Socuriry Instrument shaU bind and benefit the successors and assigns of I.ender and Borcower, subject to the provisions of
<br />� peragnph 17. Borrower's covenants and agreementF ahall be joint and several. Any Borrower wta w•sigac this Secudty
<br /> � � Instrument but does not execute the Note: (a) is co-signing this Secudry Instrument only to mongage, grent end convry thtt
<br /> $orrower's interest in the Pruperty under the terms of this Sec��rity Instcument;(b)is not personatly oblig�ted to pey the sums
<br /> - securod by t�is Sacurity Instcument;and(c)egrees that I.ender anci any other Borrower may agra to eztend,modify,forbe�tr or
<br /> y make any accommadetions with regard to the terms at'this Secudty Instrument or the Note without that Borrower's consent.
<br /> - 13. I.o�n Charges.If the loan securod by thi;s Securiry Inst�ument is subject to a Iaw which sets maximum lan ch�rga.
<br /> 3 and ttwt law is finslly interpnted so that the intane.st or other loan charges wtlected or to be colleckd in connxtion with the
<br /> � loan excad the permittal ltmits,thGn: (a) any such laan charge shal! be reduced by the amount necessery to redua tho charge
<br /> i to the pemutta!limit; and(b)any surn9 already coltected from Bomower which excadexl permitted IimiL will be►tfundod to
<br /> � Borrower. I.snder may choose to make this refund by reducing the principAl owed under the Nole or by making a dirxt
<br />�, payment to Borrower. 3f a refund reduces principnl, the roduction wiU b� treatod as a pariial prepaytnent without any �
<br /> s prepiyment charge under the Note.
<br /> � 14.Kotieee.Any notice to Borcower providai for in thls Secnrity Instmment shall be given by del[vering it or by mailing
<br /> � it by first class mail unless applicable law requires use of another methal.The notice shall be dirocted to the Propat}� Address
<br />:4 or any other address �orrower desigrutes by notice to Lender. Any notioe to Lender shall Fx givrn by first class mail to
<br />� Lendet's addnss stated htrein or any other address Lender designates by notice to Bormwer. Any notice provided for in this
<br /> - Security Instrument shall be deemed to tiave been given to Borrower or Lender when given as provided in this{wregroph.
<br /> V IS.Governing Law; Severabliity. This Security Instrument shali bc govemed by federal law and the law of the
<br /> � jurisdiction in which the Property is located. In tt�e event that any provlsion or clause of this 5xuriry Ynstrument or the Note
<br /> contlicts with applicable{aw,such contlict shall not affect other provisions of this Security Instrumenlor the Note which can he _.
<br /> �� given effcct without the confllcting provision.To this end the provitions of this Security Instntment aMi the Note arc dxlared
<br /> y to be severable.
<br /> , 16.Borrower's Copy.Borro�ver shall be given one conformecl copy of the Note antl of this Secunry Instrument.
<br /> Form 3028 9180
<br /> ' Pap�4 of 8
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