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<br /> puymcnts may no longcr bc rcquireJ. i+t thc option of'Lsndcr. if nn,rcgugc in+urunGC covcragc(in thc amoimt and!or[hc perind
<br /> thnt I.cndur requires)provided hy an ineurcr ctpproved by Lendar nguin t�ecomes availublc nnct is ohtnined. &�rrnwer shall pay
<br /> dic pnemiums rcyuircd a�maintuin mortgugc insurancc in ef'fcct,��r w providc u los� rescrvc, until thr,rcquirzmr.nt for mortgo�c
<br /> insuranrc cnds in uccorduncc With unY writtcn uhrecmcnc betwecn&�rrowcr nnd Lendcr or uppli4ubl�la� Y � b�
<br /> 4, lnspection. l..endirr or ita ubent muy makc rcascmablc rntrics up�m cmd inspcctiuns of thc Pru n I.And4r,hall i re �
<br /> g�nuwer notice ut the tima of nr prior to un inspertion specifying rcusanable caur�e for thc impection.
<br /> 10. Cimdr.mnatlon. The proceedh of any t�ward c�r claim for d►images, direct or consequential. in ccmnecti��n with uny
<br /> co;xlemnatinn or other t:�king c�F uny part e�f the Property. or for cunvcyunce in lieu of candemnution. xre h��reby asxi�tned imd
<br /> shall be paid w L.ender.
<br /> In the event of a totul wkin�of the Pruperty,ths prcx:ecds shall be appli4d to tlie sums tiecured by this Sc:curity nstzvment.
<br /> whethcr or not then du�, with any cxcc�ti paid to E,elrrotver. ln thc cvent nf a partial taking of thc P��ope'rty in which the Puir
<br /> miuket vulue of thc Pmperty i�mnadiutaly before tha t:�king is equul to ar greatcr than thc umount of the sun�:�secured by thfe
<br /> 5ecurity instrumcnt immeciiately befure the taking,unless Hurrower and Lender othcrwesc u�ree in writing,thc sums:;ecun:d by
<br /> thih Security Instrumcnt shall be rcduced by the amount of the procecJs multiplied by the fallowin�i fraction: t�l the total
<br /> amaant of the sumF secured immediately beforc the taking, divtdcd by (b) tlnc faer m:�rket value of the Pro(�r,rty immcdiatcly
<br /> befun: tho tuking. Any balnnce shall bc paid to �rrower. In the cvent oF .��.�rtinl tuking of the E'roperty in which the fair
<br /> mar};a vnluc of the Propeny immediutcly befbre the u�king is Ir.ss�hsn tfie am�unt of tlse s►ams secured immcdiately bcfore the
<br /> taking, unle55 Borrower und Lender otherwise ugcee in wri[ing ur a�nics.applicab.c�atv etF�.e^'-ise pmvides, the proceeds shull _
<br /> be nppliecl to the sums sccured by this Sccurity Instrumcnt whcther r,r n�t the surns arc then�uc.
<br /> If the Propercy is Abandoned by Burrower,or if, ufter notice by l.ender to 6unower that the condemnor offecs to make an
<br /> award or settle a cluim for dstmages, Barro�ver fuilr+ �o respond :a Lendcr wi[hin 30 days after tlie date the °or to the ums
<br /> I.ender is authorized to c�llect and apply the proceedti,at its opti�n,either to resroration or repair of the Praperty
<br /> secured by this Secudty Instrument,whstlier or not then due.
<br /> Unless lxnder and Honower otherwisc agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due dutc of the monthly paymenGS referred to in paragraphs I and 2 or change che amount of such paymcnts.
<br /> 11.Borrower Not Released;Forbearance BY Lender Not A Walver. Extensian of the time far payment or modification
<br /> of amurtizaYiun of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bo:rower shull
<br /> not operate to release thc liability of the original Barrower or Bc�rrmwer's successors in interest. L.ender shall not be required to
<br /> cammenee proceedin�s against uny suecessor m interesc or reivac iv�+:.���::•'�= f�s F�Y"'•`-"�'-"r o�herwise modify amanizstion
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrawer or Borrower's
<br /> successors in Interest. Any forbearnnce by ixnder in exercising any right or remedy shal! not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12, Suc¢essors and Assigns Bound; Jofnt and Several Liabllity; Casigners•'fhe covenunts nnd agreements of this
<br /> Security Instrument shull bind and bencfit the successors and assigns of Lcnder and Borrower, subjcct ta the provisions of
<br /> paragraph 17. Borrower's cavenants and agreementa ahali b., ja�ttt �ttd sei�er�l. Any Bonawer who c�nt�and convec that `
<br /> Instrumenc but docs not execute the Note: (a) is co-signing this Security Instrument only to mortguge.g Y
<br /> Bonower's interest in the Property under the terms af this Scc:urity Instrumenr (b)is not personally obligs►ted to pay the sums
<br /> secured by this Security Inst�urnent;and(c)agrces that L.enJer and uny ocher Ac�rrower muy agree to extend, modify,forbe:nr or
<br /> make any accommadations with regnrd to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Clwrges.If the loan securcd by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> and that law is finally interpreted so that the interest or othcr loan churges collected ar to be collected in connection with the
<br /> loan exceed the pem�itted limits,then: (a)any such loan chorge shall be reduccd by the amount necessary to reduce the charge
<br /> to the permitted limit;and (b) any sums already collecteJ from Borrower which excceded permitted limits will be refunded to
<br /> Bottower. Lender may choose to make this refund by reducing the principal owed under the Notc or by muking a direct
<br /> paymens to Hottowec. If a refund reduces principal, the reduction wiU be treated as T partiul prepayment without any
<br /> pmpayment charge under the Notc.
<br /> 14.Notice�s.Any nutice to Bc�rrower pravidal for in this Stcurity[nstrument sh�ll be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directeci to the Property Address
<br /> or any other uddress Borrower dcsignates by noticc to Lender. Any notice to Lender shall bc given by first cla.5s mail to
<br /> Lender's address stated herein or any other uddress Lendcr designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrumcnt shall be dcemed to huvc been givcn to Borrowcr or Lcnder�vhen givcn us provided in this paragraph.
<br /> 15.(':overning Law; Severablllty. This Stcurity Instrument shall be governed by federal law :ind thc law nf the
<br /> jurisdiction in which the Property is located. In the cvcnt thut any provision or clause of this Security Instrumcnt or the Note
<br /> conflicts with appl'►ia hte ronfl tin C�ro 1ision.�'1'othisf cndthe ppov tiions of thhs�Secu ty instrume ttandt heNlVot are d clured
<br /> given effcct w�thou S p
<br /> to be severublc.
<br />— 16.Borrower's Copy.Borrawer shall be givrn one conformed copy oY th� Note and nf this Securiry Instrument.
<br /> Form 3028 9190
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