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<br /> . payments mny no langer bc required,at thc apuon of Lendcr,if martgagc insurance cov�e ur ge n the amount and for thc periad
<br /> that Lcndcr requires)providcd by nn insurer npprovcd by I.cnder again bccomcs available�nd is obtaincd.Bonower shall pay the • _
<br /> �remiums rcquired to maintain mortgagc insurance in cffect, or w provide a loss rescrve, until thc rcquircment for martgage `.
<br /> . insurance cnds in ac:cordancc:with any writtcn egrcemcnt betwcen Borrower and Lcnder or applicablc luw. I •` _
<br /> 9.lnspection. Lcndcr or iGg agcnt may makc reasonabic cntrics upc�n and inspccpons of thc Property. Lcndcr shlll givc � , _
<br /> Sorrower notice at the dme of or prior to an inspecdon specifying reasonable cause far the inspecuon. I . . , • ;�:�::
<br /> 10.Condemnatfon. 'I�e proceeds of eny award or claim for demages, d'uext or consequential, in connexuon with any � • :
<br /> ' �''�„�; condemnadon or other teking of eny part oi the Property.or for convcyance in lieu of condemnauon,are hereby assigned end ��.;:.,. •.=`'
<br /> shnU bc paid to Lcndcr. ��. .,` "�'"'��r-
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<br /> In the evcnt of a total ta1cing of thc Property,thc procceds shall bc applied to the sums sccurcd b this Sccuri Instrumcnt, • •.�::��`'+�'�'
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<br /> whether or not then duc,with any exccss paid to Bor�ower.In thc cvcnt of a partiul taking of the Property in which the fair markct � .: � '�•�_��"_
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<br /> valuc of thc Property immcdiately before thc taking is eq�al to or grcatcr than the amount of thc sums secured by this Security '�Y�i�"_
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<br /> Instrument immediately beforc thc taking, unless Bortowcr and Lender otherwise agrec in writing, the sums scxiurd by �tus .._�
<br /> ` • Security Instrument shall be reduced by the amount of�he proceeds multiplied by ihe following fracrion:(a)the totel amount a6 .''�R�-==`
<br /> the sums sccured immediately bcfore the t�lking,dividcd by (b) the fair markct value of thc Property immcdiately bcforc the ':r�_;,y,
<br /> :' taking.Any balance shaU bc paid co Borrowcr.In the cvent of a paztial taking of thc Property in which the fair markct value of the _T"'��=-
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<br /> • Property immecliately before the taking is less ihan �he amount of the sums secured immediately before the talcing, unless ;:��1-
<br /> Boaower and L.ender othcrwise agree in writing or unlcss applicable law othcrwisc provides,ihe procceds shall bc appliccl w U►e -'=;�==_
<br /> � sums sccured by this Security Instntment whcthcr or not the sums are then duc. � �__t
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<br /> If thc Property is abandoncd by Borrowcr, or if. after noticc by Lcndcr lo Borrower that the condemnor offcrs to makc an ..�r-:
<br /> award or seule a claim for damages,BoROwer fails to respond to Lender within 30 days after the date the notice is given,Lender �;:'�-'`��
<br /> is authorized w collect and appiy the proceeds, at its option,either to restoration or repair of the Property or to the sums secured °`_-�� ��
<br /> by this Securiry Instrument,whether or not then duc. .''�����
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<br /> ' � Unless Lerider and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone . _
<br /> �. the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. �_ �
<br /> 11.Bonower Not Rekased;Forbearance By Lender Not a�'Vrtiver. fixtension of thc ume for payment or mod�c;suon ,:���'�1-
<br /> � �.
<br /> of amortization of the sums secured by this Securiry Ins�ument granted by Lender to any successor in interest of Borrower shaU �r
<br /> not operate w release the liabiliry of the original Bonower or Bonower's successors in interes�Lender shall not be required to
<br /> commenee proceeciings against any successor in interest or reiuse to extend cime Ior paymeni or oil�arw���,i�ify anoriizaiion af `'. —
<br /> ,�` the sums secured by this Security Instrument by reason of any demand made by the original Borrawer or Borrower's succes.sors -
<br /> �, in ineeresG My foxbearance by I.ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of eny
<br /> ' right or remedy. _ -
<br /> 12.Successors and Assigns Bound;Jofnt and Several Liability; Casigners. The covenants and agreements of this
<br /> 2:'�1' Security Instrument shall bind and beneCt the successoss and assigns of Lender nnd Sorrower, subject to the provisions of _
<br /> paragraph 17. Borrower's covenants and agreements shaU be joint und several. My Boaower who co•signs this Sacurity .�-
<br /> Insorument but does not execute the Note: (a) is co-signing this Securiry Instr�ment only to mortgage,grant and convey that " °�
<br /> Borrower's interest in the Properry under the terms of this Scxurity Instrument;(b) is�ot personally obligated co pay the sums `
<br /> sccured by this Socurity Instrurnent;and (c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or m
<br />� make any eccommodetions with regard to the terms of ihis Security Instrument or the Note without that BorrowePs consen� -�-
<br /> : . .. , 13.Loan Charges. If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan charges,
<br /> -. � and that law is finally interpreted so that the interest or othe�loan charges collected or to be collected in connection with the loan
<br />�-.� �•- � excced the permiued limits,then: (a)any such loan charge shall be reduced by the amount necessary to redace the cherge to the
<br /> � permiued limit;and(b)anY sums already collecLed from Bonower which exceeded permiued limits will be refunded to Boaower.
<br /> � 1�` Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to
<br />� Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any prepayment charge
<br /> - undcr the Note. ` --__
<br /> • 14.Notices. Any noUCe to Borrowcr providcd for in Ihis Sccurity Instrument shall be given by deUvering it or by mailing it �: "'-'�
<br /> , • by first class mail unless applicable law requires use of another method.The notice shall be directed to the Propercy Address or -
<br />�`� ayy other addmss Borrower designates by notice to Lcnder.Any nopce to Lender shall be given by first class mait to Lender's � '
<br /> Y�'° � ,. address stated herein or any other address Lender designates by nodce to Borrower. Any notice provided for in this Security
<br /> � , Instrument shall be deemed to havc becn given to Borrower or Lendcr when given as providcd in this paragraph. — - --
<br /> 1S.Governing Law;Severability. This Security Instrument shall be govcrned by fcdcral law and the law of thc _ -�`
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<br />_ jurisdiction in which the Property is located. In ihe event that any provision or clause of this Security Inswment or the Note `'s��_='
<br />= � contlicts with applicable law,such conflict shall not affect other provisions of this Security Insuument or the Note which can be =`'�'=�--�'=�' '
<br /> 9 givcn effcct without the conflicting provision.To this cnd thc provisians of this Security Insuument and the Note arc doclared to (����
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<br /> beseverable. I ,*,,. �r�
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<br /> Form 3028 9i90 , �r:r`.���:ti' �
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