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<br /> � puymcnt+muy nu longcr bc rcyuircd,au thc�,ptiun ut'IAndcr. if mnr�gngc in,ur+incr rnvcra�c(in thc umuunt and for thc peri��l
<br /> , � that l.endrr ��y�:��� r����a�a ny un insurcr upprovul hy I.cnolcr aiguiu bccrnms nvuilnblc unJ is�ibtain��i, Qarruwcr�hcdl pay
<br /> ° Ute premium�rcq►�irui tii muintuin nwrt�;ii�c insurun►V:in�Ili:cl,ur to providu a lo,� re+��rvc, until thc rc��uin:mcm(u� mu�tgugc _
<br /> �+,#.y�.� insurancc ends in accordimcc with uny writtcn agrccnunt hctwcx,:n Horrnwcr ut►d lxndcr or iipplicablc luw.
<br /> 9. lnspectlun. Lsndcr nr itti agent muy makc rcas�mabla cntrics upmi and inspertiuns of thc Property. I.endcr shall givc
<br /> � Borrowcr noticc ut thc timc of or prior w un insFncti�m spc�ifying rcu�onahlc cuusc tiir thr impcctiun.
<br /> ���- �'' l0. Condemnntion. Thc proceeds of any .i�vard or cluim ti�r Jmnages, direct ar consequential, in comiection with uny
<br /> r � z'' mndcmnatii�n ar other taking of any part of thc Proprrty. or I'or cunveypncr in lie4 nf ccmdcmnution, arc hcreby ussigncd and
<br /> • �� shal I hc paid to l.a:nd�r.
<br /> �� In thc evcnt af a total htking uf thc Property.the procecds shull be applie�i co thc sums secured by this Sccurity Instrume�t.
<br /> ' " whether or ncu then duc, with any excess paid tu Borrowcr. In the cvcnt�f u partiul tuking of thc Praperty in which the fair
<br /> ' � market value of thc Pmperty immE:diatcly bcfore thc taking is cyuul to or greatcr thxn the amount of the sums sccured by this
<br />_ Securiry Instrument imntodiutely before thc taking,unless Borrowcr und Lender otherwise ugree in writing,thc sums securcd by
<br />���:-:-:-,''-� this Securiry Inssrutnent shull t+e r�luced by the amount of the pr�xeeds multiplicd by the followine h�ction: (al the total
<br /> amount of the surns sccured immediately before the taking, dividtKl by (b) the fuir markct value of the Property immediutely
<br /> • " , t�•fc�re the taki�i�. Any balancc shall bc p:ud to Borrawer. In the rvem of a parti�d takin� of the Propeny in which thc fair
<br /> . ma�ket value of the Property irrunediately before tlie taking is less than the umount of the sums securcd immediutcly bcforc thc
<br /> . ,;:�`,' -
<br /> • tuking. unless Borrower and Lendcr othcrwise:r��rze in writing o�unless applirable law otherwise provides, the proceecis shall _
<br />_,j;,:,,,t,' be applied tu the sums securcd by this Security 6n.trument whether or not the sums arc then due.
<br /> - ;'�:;;;:t lf thc Property is abandoned by Borrowcr, or if.after notice by Lender to Borrawer thnt the condemnor offcrs to make an
<br />'+ �+-;�•'. awnrd or setde� claim for damages, Borrower failt to respand ui Lender within 30 Jays after the date the notice is given,
<br />'5�..
<br /> -F�'� � Ixnder is uuthori-rxd to collect and apply the proceeds,at its option,either tn mstoration or repair of the Property or to the sums
<br />�:-�::���,n secured by this Security Instrument,whether or nat then due.
<br />_ _ Unless [.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />�r;., •,���j• postpone the due date of the monthly payments referred to in parngraphs 1 and 2 or change the amount of such payments.
<br />_�;'.`r,. r ~ I1.�{orrower Nat Released;For6earance f3y I.ender Nnt a Waiver. Extension of the time for payment or modification
<br /> .' �� �� C��liti^vttis,'1210�af thc:ttS223:.L'CL'SC�b�lhlS$C!'if!tv 1�ctn1p�P�}t or�ntal h��I ender to any,ucce��or in interest of Borrower shall
<br />_���siT '=
<br /> --n,—�•,�r�� not uperate to release the linbility o(the original Burruwer ar I3orrower's successon in interest. Lender shaU not be required to
<br />������1 commencc preceedings against uny successor in inter�:st or refuse to extend time for payment or otherwise modify amortization
<br />_;�,;,��f::'"7 of the sums secaamd b�• this Security lnstrument by reason of �ny demand made by the original Borcower or Borcower's
<br /> -=�:'�`��<`� successors in interest. Any forbearance by Lender in exercisin�;any right or remedy shall not be a waiver of or preclude the
<br /> _..�;;,,;,
<br /> """''``= exercise of any rn=ht or remedy.
<br />----=:ta�
<br />===W�--- 12. Successors and Assigns Bound;Joint and Several Liability; Co-signers. The covenants und agrcements of this
<br />� Security Instrument shall bind and benefit the successors and ussigns of Lender and Borrower, subject to the provisions of
<br />�-�'-"�--�.'_•?c'�: paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />�r'�" Instrument but daes not execute the Note: (a) is co-signing this Securiry Instrument only to mortguge, grant and convey that
<br /> --� Bonower's interest in the Property under the tenus of this Security Instniment;(b) is nut personully obligated to pay the sums
<br /> • secured by this Security instrument;and(c)xgrees thnt L.ender and any other Bonower mny agree to extend, modify,forbear or
<br /> ____:= makc any accomrnodations with regnrd ro the tcrms of this Security Instrument or the Note without that Borrower's consent.
<br /> �.—„� 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> __°-- and that law is FnaUy interpreted so chat the interest or uther loan charges cnllerted or to be collected in connection with the
<br /> -���:�s.�
<br /> -- .x.,:;;� loan exceed the pertnitted limits, then: (x)any such loan charge shall be reduced by the Amount necessary to reduce th4 charge
<br /> --- — to the permitted limit:and (b)any sums already collected from Borrower which exceeded permitted limits will be refvnded to
<br />- ��-� Borrower. L.ender may choose to makc this refund by reducing the principal oweci undcr the Note or by making a direct
<br /> —' -_= payment to Borrower. If a refund reduces principal, the ruiuction will 6c trcateci as u purtial prepayment without any
<br /> — prepayment char�;e under the Note.
<br /> ''�� 14.Notices.Any notice to Borrowcr providal for in this Security Instrument shall be given by delivering it or by mailing
<br /> '�_;� it by first class mnil unless applicable law requires use��f another method. The notice shull be directed to the Property Address
<br /> -�'��_"� or any other address Borrawer designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br />��`�� L.ender's address stated hemin or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> •`" t,�n;ti.
<br />_�;:;51`,!':�. , Security Instruinent shall bc deemcd to have becn given to Borrower or Lender whcn given ns provided in this paragraph.
<br /> _�•'�(��•=`�- I5.Governing Law; Severability. This 5r.curity Instrument shall bc govcrned by fcdcral law and the law of thc
<br /> _��:���'-��� jurisdiction in which the Propeny is located. In the event that any provision or clause of this Securiry Instrument ur the Note
<br /> -" conflicts with applicuble law, such conflirt shall not aftect other provisions of this Security Instrument ar the P1ote which can be
<br /> _ biven effect without the contlicting provision. To this end the provisions of this Security Instn►ment and the Note are declared
<br /> �:;".-r.r � [n be severable.
<br /> ``- ' . � l6.Borrower's Copy.Bnrcuwer shall be given one confi�rmed copy of the Note and of this Securiry Instrumen[.
<br />-_�.�- -
<br /> � Form 3028 9190
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