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<br /> • paymcnts mxy nu ia�nge�be rtq►d�cd,at tht apilan af Lcndu,if murtguEo insurunco covcragc (in thc amaunt und far thc period
<br /> � thAt I.cndcr rc�t�irca)provideci by nn insurer c�pravcd by Lendcr aguin txcamos avuilable and is obtuined. IIorrowcr.r•hall puy thc
<br /> prcmiums �cquitad u�mun4ain mc�rtgagx insursncc in cffcst, or ta providc a lass reservo,untll tha requirement fnr mo�lgagc '
<br /> • insucuncc cnds in Accord�nte �vitt��ny writtcr. ng�ccmcnt bctwccn Bortowcr anci l.cndcr or opplicablo luw.
<br /> 9.Inspectton. Lend� �ot its t�ant may make re�sonabla enuies u�n and inspecaons of iha Propeny. l.ender shaU give .,,.y
<br /> . Botrowcr nadcc at thc umeaf ut pxiar t�a�i�nypccuan spccifying rcasonabla caurc for tho inspcc:don. ' -=
<br /> �,,,, 10.Condemntstlan. T'�1�prcxeeds of any uward or cluim for damngas,direct or consequcntinl, in cannecdon with uny -__
<br /> '���� ,.f,.., condcmnation ar o3h:r takin�af cu�y ppn oC thc Property,or for convcyoncc in licu of condamnation, arc hcrcby aysigned nnd -
<br /> shaU bc paid to Lcnder. (Q >'=':°k.=
<br /> In the cvent of a taL�l I�,c.inE af th�Properey,the proceeds shNl be npplied to tha sums secured by [his Security [netrument, •� -=�
<br /> L whethcr or nat th:n dtr,with any excess p91d to Borrower.ln the evenl of u purtial tuking of the Propeny in which tha fair market � :+�'�
<br /> � valuc of the Pra}�erty imme�liatcly bt[am ihw tuking is equal to or grcater thun tho amaunt of thn sums sccured by this Security �;,__
<br /> • Instnunent immedis.tely betom the �°Jcing,unlcss Barrower and Lcnder othcrwisc agrec in writ�ng,tho sums secured by this � : �,���_
<br /> • Securiry Insdument shpll be rodtvted by the amount of the procecds muldplicd by tbo following fraction: (a) �ho totstl amount of � . __
<br /> the sums sccurcd immediu��ly befarc thc�eking, divided by (b) the fair markct vnlue of thc Propeny immcdiataly bcfore thc � __
<br /> ` taking.Any bals+s►cc shaU be pald w Borrower.In the event of a pactial taking of thc Pmperty in whiah tho fair market value of the
<br /> � P roperty imm e d l aGC ly b e fore t he t a l c i n g i s I c z s s t h a n t h o a m a u n t o f t h o s u m s s c c u r e d i m m e d i a t o l y b e f o r e t h a t a k i n g, u n l e s s � -�
<br /> Boaower end Lender otlr.nvise agree in writing or unless applicablu law otherwise provides,tha procoeds shall ba appliecl to the '
<br /> sums secured by this Secudty Instrument whethcr or not thc sums are then duo. =
<br /> If thc Property is abendancd by Borrawer,or if,aftcr noGce by Lender tn Borrowcr thnt thc condemnor oFfers to mnkc an =-
<br /> award or settle a claim for damages.Borrower fails to respond to Lender within 30 days afusr tha datc the notice is given,Lendcr _
<br /> is authori•r.ed to collect and apply tho proceeds,at its opdon,either to restocation or repair of tho Property or td tha sums secured •
<br /> :� by this Securiry Instrument,�rvhethcr or not then dua. -
<br /> Unlcss Lcndcr and Barowcr otherwisc agree in writing,any applicapon of procceds ta princlpul ahall not extend or postponc
<br /> . ��• the due date of the monthly paymen�c refernd to in paragraphs 1 and 2 or change ihe amount of such payments. --
<br /> r, 11.Borrower Not Reles�scd;Forbwronce By Leader Not a Wpiver. Eatcnsion of the eimc for payment or modification '
<br /> ' - � of amortizadon of the sums secured by thls Security Instrument grantod by I.ender to any successor in interest of Borrower shall ��
<br /> ____._ _. not operate to release the liability of the original Botrower or Borrower's successors in interes�L,eadcr shall not bc rcquircd to �`
<br /> wmmence proceedings ageinst any succes;or in interest or refuse to extend time for payment or otherwise modify amortization of _
<br /> the sums secured by this 5ecurity Insuument by reason of any demand mado by the original Bonower or Borrower's successors
<br /> in interesG Any forbearanoe by Lcndcr in exercising any right or remedy shall not bc a waiver of or precludc thc exercisc of any
<br />- , right or remedy.
<br /> 12.Suocessors And Assi�na Bound;Joint and Severxl Li�bU[ty;Co•signers. The covens►nta and agrcemcnts of this
<br /> _ ��" . ' Security Instrument shall bind and benefit tha successors and assigns of I.cndur and Bonower, subject ta the provisions a�F
<br /> » ••• '�; ��, parugaph lT. Borrower's covenants end agreements shaU be joint and several. Any Aorrower who casigna this ScxuriCy
<br /> �� �`�� Instrument but does not execute the Note: (a)is co�signfng thls Security Instrument only to mort,gage.gront and comey that
<br /> ' � ' Borrower's interest in the Property under the terms of this Sacurity Instcumenr(6)is not personully obligeted to pay the sums —
<br /> � secured by thls Securiry Instrument; and (c)agrees that Lender nnd uny othr.r Eorrower may agree to extend.modify,forbear or
<br /> make any accommudauons with regard to tha terms of this Security Inatniment or tho Note without that Borrower's wnsenG —
<br /> .. :, . _. 13.Loan Cbarges. If the loan securcd by this Sccurity Inatrumant is subjoct to a law which sets maximum loan charges. -
<br />:� and that law is Cmally intetpreted so that tha interest or othar loan charges coitoctetl or to ba collocted in connection with the loan =
<br />-S' ' ' exeeed thu pe�mitted limits,then: (a)any such loan chazga shall bn reduoed by the amount necessary to reduce the charge w the `
<br />'�. •' �: permitted limit;tu►d(b) any sums alrcady wllected from Borrower whic'h exceeded permiued limits wlU be refunded to Borrower.
<br />- . L.ender may chcwse to make ihis refund by reducing the principal owed under the Note or by making a direct peyment to �,
<br /> Borrower. If a refund reduces principal,the rcducUon will bc vcatcd av a panial prepayment without any prepayment chargc `'-=
<br /> �-:.
<br />�;.�. . under the Note. .;.-
<br /> =�' 14.Notkes. Any nouce to Borrower provided for in this Securiry Instivment shaU be given by delivering it or by mailing it i��:
<br /> � '���•'`�,;,��• by first class mail unless applicable law requires use of another method.The notice shall be diurected to the Property Addmss or _-
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<br /> ,,,:.;: any othor addross gorrowcr designatrs by noticc to Lender.My nodcc ro Lender shall bc givcn by flrst class mail w Lender's
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<br />- ' address statcd herein or any other address Lender designates by natice to Borrower. Any notice provided for in this Security
<br /> �r • Instrument shall be dccmcd to have bccn given to Borrower or Lender when givcn as provided in this paragraph. ''��' - .
<br /> � . � 15.Governing Law;Severobility. 'Ihis Securiry Inswment shall bc govemad by federal Iaw end the law of thc �'
<br /> jurisdicpon in which the Property is located. In the event that any provision or clause of this Security Insuument or the Note y;:s,ti���
<br />- . conflicts with appUrable law.such conflict shall not uffcct other provisions of this Security Instrumont or the Notc which can be � -
<br /> -. given effcxt without the canflicting pravision.To this end ihe provisions of thu Security Instrument and the Note are dectered to ��'����:- -:,
<br /> 1w scveruble. ���
<br /> Form 3028 9190 �
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