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<br /> pnyincntr,muy n��lungcn c�rcyuirrd,nt Iha i�pUim u(IAndcr. il'murlpugc insurim�:u c�+vcrn}tu lin Ihu umi�unt wid for thc{x`riixl
<br /> •.,��;� ;:.•� tl�ut I.cndcr rcNuircti► pr��vidcd by nn intiurcr�ippr�.ved liy I.�ndcr nµuin hccumcy+wulluhlc�uid is ubudncd. llorruwur sl����ll pay
<br />`'° .r tlic p►•emiums requlrcd t�► rnainudn mortgnge in+ur�u►re in effect,ar tu prnvide u I�►ss res�rve. until thc requircment fur tni�rtbaya —
<br /> iiiyuruncc cnds in nccordnncc with uny writtcn agrc�mcnt bctwccn H��rr�,�vcr und I.�ndcr ur npplfcublc li►w. `
<br />- -- — 9. Iny{x�cdon. l.cncicri�r its ugent muy mnkc reus�innhlc entrics u{xm i►nd insEx:ctions c�f thc Pro{xny. l.cnder sludl givc
<br />-�;�,,;,�� Borrnwcr nuticc ut thc�imenf or pric�r tu un inspcctiun spccii'ying rcusunablc cuusc foe thc inspertiun•
<br />—�_���: 10. Condemnutlon. 11ie pruceeds of'uny i►wurd or cluim for dumu�;es, dirert �ir c�mseyuentiul, in connectinn with �iny
<br /> • condemnution or othcr tuking of uny part c�f thc Property,or for convcyancc in licu of c�mdcmnati�m. urc hcrcby ussigned and
<br /> � �•• ;'1� shuU bc puid to I.cndcr.
<br /> '�' ���, •: In the event of u totul mking uf the Property, the proceeds shull hc app►ied ro the sums secured by this Security Instrument.
<br />` '" �'�`�'� whcther or not then duc, with uny excess puid to Borrower. In thc event of u purtial tuking of the Property in whtch thc fuir
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<br />,:,,;�-�,, market vnlue nf the Property immcdiately before ehe taking is equal to or greater thnn the umount of thc sums sccured by this
<br /> '�`M'�,� Ser.urity Instrument immediately before the taking, unless Borrower and Lender otherwisc agrce i�i writing, the sums secured by
<br /> l- ` this Securiry In�trument shall be reduced by the amount of the prc►ceeds multiplied by the fallowing frnction: (n) the total
<br />._�,r,��� amounl uf d►e sums securcd immeciiately before the taking. divided by (b) the fair market vulue of the Propeny immedintely
<br /> ,,.. �., before the taScing. Any b•rlance shall be paid to Borrower. In the event of a partial taking of the Property in which the fuir
<br />=�.,,,t°.'�'�•, market valuc of the Property immediately before the taking is less than the u►►wunt of thc sums secureci immediately t�efore the �._
<br />"_-."' caking, unless Borrower and Lender otherwise agree in writing or unless upplicable law otherwise provides, the proceeds shall
<br />,_`�}����: be applied to the sums secureci by this Serurity Instrument whether or not the sums are then duc.
<br />-�,�,�� If the Praperty is xbandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> �-�� award or settle u claim �fnr damages, IIorrowcr fails to respond to I.ender within 3U days after the date the notice is given.
<br /> __-tl„� C.ender it nuthorized to collect und apply the procerds,at its option, �ither to resta�rntion or �•epair of the Property or to the sums
<br />�"�ii(l� secured hy this Security Instrument.whether or not then due.
<br />`_:_::�;:'�� Unless L.ender and Bonower otherwise agree in writing, auy upplication ��f proceeds to principul shall nat extend or
<br /> --;;,;=b;;� postpone the due date of the monthly payments referred to in pnragraphs 1 and�or ch:uige the amount of such payments.
<br />"-'"�:`��� I1.Borrower Not Rele�used;Forbeas�ance Ry �.ender Not a Walver. Extension of the time for puyment ar modification
<br />_--..�r,.a,i.�u.
<br /> -_��_°���o of amortization of the surns secured by this Security Instrument grnnted by Lender to any successor in interest of Bonower shal
<br /> "�"'�`'-�;y:t` not o erute to release the liability of the original t3orrower ar Borruwoi's succ�ssor in�,e=res=•��nder shell nor t�e reauired to
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<br /> -�;��`w';i�d� commence proceedings aga�nst any successar in interest or refuse to extend time for payment or otherwise modify amortizution
<br /> — of the sums securocl by this Security Instrument by reason of any demand made by the original Borrower or Barrower's
<br /> successors in interest. Any forbeurnnce by i.ender in excrcising any ribht or remedy shall not be a waiver of ar preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound9 Joint and Several Lisbllity; Co•signers. The covenunts and agreements of this
<br /> Security Instrument shall bind and F�enefit rhe cuccessors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenunts and agrecments shall be jaint and sever:►1. Any Borrower who ca-signs this Security
<br /> Instrument but dces not execute the Note: (u) is co-signing this Security Instrument only to mongage, grant und canvey that
<br /> Borrower's interest in the Praperty under thc terms of this Security Instrument; (b) is not personally obligated to puy tt�c sums
<br /> sP,cured by this Security lnstrument;und(c)ugrees that Lencier and any othcr Borrower may agree to extend,modify.forbear or
<br /> make any accommodations with regard to the tcrms of this Security Instrument or the Note withouc that Barrower's cansent.
<br /> 13. Loan Charges.If che loan secured 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 ur other loan charges collected or to be collected in connectian with the
<br /> loan exceed the permicced lirnits, then: (a)any such laan charge shxll be reduced by the amount necessary to reduce the chazge
<br /> to the perm�tted limit; and(b)any sums ulready collected from Bonower which exceeded permitted��mits will be refunded to
<br /> Bonower. L,ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment ta Borcower. if a refund reduces principal, thc reduction will be trcated as n purtial prepryment without any
<br /> ° prcpayment charge under the Note.
<br /> 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by muiling
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Properry Address
<br /> or ony other address Borcower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any other nddress Lender designutes by notice to HoROwer. Any notice provided for in this
<br /> Security Instcument shall be deemed to have been given to Borrowcr or Lender whcn given as provided in this puragraph.
<br /> 15.Governing l.ax; Severability. This Security Instrwnent shall be governed by fedcral law and the law of the
<br /> i � jurisdiction in which the Property is located. In the event thnt any provision or clause of this Security Instrument or the Note
<br /> --� contlicts with upplieable law,such conflict shall not affect otlier pmvisions of this Secwity[nstrument or the Note which can be
<br /> -----= given effect without the conflicting provision. Tn this end the provisions of this Security instrument and the Note are declared
<br /> .-_•==:� to be scvcrablc.
<br /> --=-_��� 16.13orrower's Copy.Borrower shull be�;iven one ronfornieci copy of the Note and of'this Security Instrument.
<br /> ��� Form 3028 9130
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