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<br /> paymcncs muy no longer be require�the optton of Lender,if mortgage insuranc�erage(In thc arnount u►cf for the perla! �
<br /> that Lender requires)provided by an insurer approved by Lender again becomes uvailable and is obtaincd. Borrower�hWll pay ' _.
<br /> ` the premiums required�o maintaIn morcgage insurance in effecc,or to provide a loss reser�e, until the requirement far nx�ngngc �'r��
<br /> insurance ends in acwrdance with any written agreement be[wan B orrower an d l.ender ur eNplicablo law. =;;�•
<br /> � �' 9. Iaspection. Lender or its agent may make reasonable entriea upon and inspections of thc Property.Lendcr ehall glve �.=�.;�,
<br /> �, Bonower notice at the time of or prior to an inspection cpecifying nasonable cause for the luspection. _;'�:--
<br /> _y, 10. Condemnation. The proceeds of any awerd or claim for damages, direct or consequential. In connecti�n with Rny :
<br /> � condemnation or other caking of any part of the Praperty,or for conveyance in lieu of condemnation. aze hereby asalgned and �' ___
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<br /> shall be paid to l.ender. "_ __
<br /> In the event of a total taking of the Property, the proceeds shall be applied to the sums secureci by qds Secut ity Instruu�ent, -
<br /> whether or not then due. with any excess paid to Bonower. In thc cvent of a partial taking of thc Property in which the fafr .
<br /> market value of the Properry ittunediately befare the teking is equal to or greater�han the amount of thc sums saured by thle �-
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<br /> Security Instrument immediately before the taking, wile.ss Borrower aad Lender otherwise agrec in writing, the suma aecurcd by _
<br /> this Security Instrument shall be nduced by the amount of the proceeds multiplied by the following fracdon: (a) the rot�l --
<br /> amount of the sums secured immediately bcfore the taking, divided by (b) the fair market value of the Property immcdiately
<br /> before the taking. Any balance shall be pald to I3orrower. In the eveat of a partinl taking of the Property in which the fair
<br /> � market value of the Pmperty immediately before the taking is less than the amount of thc sums sxured immediately befon the �
<br /> taking,uuless Bonower and Lender othenvlse agra in writing or unless applicablc law otherwise provides,�he procade eh�ll
<br />_ be applied to the sums secured by thlc Securiry Instniment whether or not the sums are then due. ..-
<br /> �; If the Properry 3a abandoned by Borrower,or if,after notice by Lender to Bonower that the condemnot offero to tnalce an
<br /> °� awazd or uttle a claim for damages, Bonower fails ro respond to I.ender withut 30 days after the date the nodce is glven, •-
<br /> Lender is authorized ro collcet and apply the praceeds,at its option,either to restoration or repair of the Property or to the eums ,
<br /> � secund by this Securiry Instrument,whether or uot then due. ,?.
<br /> � • Unless Lender and Borrower otherwise agree in writing, any applicatton of proceeds co principd a6�11 not extend or
<br /> . .� postpone the due date of the monthly payments refernd to in paragraphs 1 and 2 or change che amount of such paymenta. —
<br /> 11.Borrower Not Rdeused;Forbearance By Lender Not a WWver.Extension of the time for p�yment or modlficatlon ��
<br /> of amortization of the sums secured by this Security Iastrument granted by Lender to any successor in interest of Borrower ah�ll
<br /> �• • not operate to release the liabiliry of the or�ginal Borrower or Borrower's successors in intereat. Lendes shall not be required to
<br /> -;::;. :•. • coaunence proceedinga against any euccessor in interest or refuse to extend time for payment or atharwiae modify unortiz�don
<br /> ��` of the sums secured by this Secudty Instrument by reason of any demand made by the origipal Borrower or Borrower'a
<br />.`.,:�,,'�:,,+,,�,; successors in interest.Any forbearance by Lender in eaercising any right or remedy shall not be a waiver of or preclude the
<br /> ` eaerclse of any r�ght or remedy.
<br />`�� �`����'i a� 12. Successors ond Asstgav Bound; Joint and Sevecal LtabiHty; Co-sigaers. TbC COVCb8IIt9 II1CI IgtEllqCAtb OI It1�8
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<br /> "" 's`'y- Sscurlty Instzuatent shs!!bfnd snd beaefit the �ucce�sor� aad asslgns of T end�r and Rorrnwer, �ublec.r tn�he Crrwl�iam of = __ _
<br />��_`=��:�'�1� puagrAph 17. Bomower's covenants and agramenu shall be joint and several. My Bormwet who co-algne thia Securlty
<br />___` °-�`��� Instnunent but does not execute the Note: (a) is co-slgaing this Security Instniment oaly to mortgige,graat and convey that
<br /> '�-;�•'i;;,' Borrower's interest in the Property under the terms of this Security Insuument; (b)is not person�lly obligated to psy the eums =
<br />�-'"`�''-t'..: securod by this Securiry Instrumeat:ead(c)�gras that Lender and eny other Borrower may agree to eatcad,modlty, forbeu or
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<br /> --�-_=— , make any accommodadona with ngard to the terms of this Security Instivment or the Note without thet Borrower'a conient.
<br /> � ��"'� 13.Loan Ciwr�es.If the loan secured by thie Securiry tnstnuneat is subject to a law which sets m�ximum loan chuga.
<br />=_;�� and that lew is finally interpnted so that the inurest or other loan charges collected or to be collxted ln connection with the
<br />- -�.�,� loan excad t�e permltted limits,then: (a)any such loan charge shall be roduced by ttne amount necessery to reduce tde ch�rge
<br /> _��'"=' to the permitted llmit;and(b)any sums already collated from Borrower which exceoded petmitted limita will be refunded to
<br />�:,��� ��`��� � Bonower. Lender may choose to make this nfund by reducing the principal owed uacler the Note or by mticing a dlroct �
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<br />;�=�',;�_ payment to Horrower. If a refund reduces principal, the reduction will be mated aa a partial prepaym�nt without u�y -
<br /> �"��;;.�, pnpayment charge under the Note.
<br /> _ "`�� 14.Notices.Any notice to Borrower provided for in this Securlty Instrument shall be given by delivedng it or by mailing =.
<br /> -;,�w'„' ,, �''� it by first class mail unteAS a.pplicable law nquires use of aaother method. The notice shall be directec!to the Property Addrtss �_
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<br /> -.s�:= or any other address Borrower designates by notice to Lender. My notice to Lender shall be given by first claas miil to '
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<br /> •- �;,;��-ry�•�-' Lender's address stated herein or aay other address Lender designates by notice to Borrower.Aay nodce providod for in this �_
<br /> `'�`'r�-� �'` Security Instrumrnt s6�11 be damed to have been given to Borrower or Lender when given as providod in this pamgraph. ��
<br /> �"' ��• ` 15.Gr�verning Lsw; Severability. Tttis Security Instniment shall bc govcrnal by federal law and the law of the
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<br /> Jurladictioa in which the Property ls located. In the event that aay provision or clause of this Secudty Inst�ument or the Note ;,;�_
<br /> _ conflicts with applicable law,such confllct shall aot affect otlier provisions of this Security Insuvment or the Note which caa be '� '_
<br /> " . � given effect without the conflicting provision. To this end the provisIons of this Securiry Insuument and the Note are declared '�����
<br /> to be severable. Y' _
<br />- 16.Borrower's Copy.Honower shall be given one conformed cnpy of the Note and of tLis Security Instcumeut. :<. -
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<br /> Form 3026 areo -- ::"` �,-
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