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<br /> = '�'� payments mny no longer be rcquimd. ut thc uptian af l.ender. if martgage insurnncc cuverngc(in t e umuunt imd for t e perfad -
<br /> }a thut I.snder requires)providcd by un insurer upprove d by L en dcr�g u�n b ecomes uva i�u b le an d is u b tn in e d. Borm�ver Shall pa y =
<br /> =�� the prcmiums rquircd ta inaint�in rnartguge insuranee in effect,or to provide a loss reserve,antil the requirement for martgnge �
<br />,,z, insurance ends in uccordance with any written o�reement between Borrower und Lender or nppliruble luw.
<br />�:�,�� 9.Inspection. l.ender or its ugent may makc mas�nable cnt�ies upon artd tnspections of the Prapeny. l.ender shup give _
<br />__- Horrower notice at the tlme of or prfur to an inspec�ion tipecifying reasonuble cause far the inspection. _
<br /> 4_i� 10.Condemnation. The proceeds of uny u�vard ar claim far damnges, dinxt or cunsequential, in connection with uny
<br />--__ condemnation or other whing of any part af the Propeny,or fur�wnv�y;ui�in lieu uf coulem�iutiun,ure hereby us,ign�1 und r
<br />=--" sball be paic!to L,ender.
<br />__�� In thc event of u rotal tuking of thc Property.the procee�s shall be upplied to the sums secured by this Securiry instrument. _
<br /> whether or not then due. with any excess pa�d ta�orrower. In the event of a partial takin�of the Property in whlch the fuir
<br />__� market value of the Property immediately before the taking is equal to or�reater than the umount of the sums secured by this
<br />�.-y� Secudty Instrument immediutely before the taking.unless Borrower and I.ender atherwise ugree in writing,the sums secur�d by
<br /> -- this Securiry Instrument shali iae reduced by the amount of the pn�cee�ls multiplied by the Wilowfng fraction: (u) tho totul �-
<br />--�� amount af the sums secured immediately before the taking. divide,d by(b)thc fair mnrket value of the Praperty immediately
<br /> g before th� taking. My balance shal[ tre pu�d to Borrower. In the ov�nt of a partial taking of the Froperty in whtch ti�e fair
<br />_- market value of the Progerty immed'nately before the taking is les.s than the amount of the sums secured immediatety before the
<br />-_= taking. ualess Borrower and Lender otherwise agree in writing or unless upplicable iaw othenvise provides,the proceeds shal!
<br /> be appljed to the sums secured by this Security Ittsnument whether or not the sums are then due.
<br />-= If tlic Property is abandoned by Borrower.or if.ai�er noUce by l.ender to Barrower that the oondemnar offers to muke an
<br />_� award or seetle a claim for damages. Rorrower fails to respond to Lender wlthin 30 days after the date the notIce is given. �
<br />�-° i.ender is suthor�zed to coilect and apply the procexds.at iu optlon.either to mstoratlon or repair of the Property or to the sums
<br />;�� secured by this Security Instcument,whether or not then due.
<br />- Unless Leader and Borrnwer otherwlse a�ree in wrlti�g,any application of proceeds to principal shaU not extend or
<br />-= postpone che due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such paymenu.
<br /> 11.Borrower Not Released;F'orbearance By Lender Not a Wa[ver.Bxtension of the time for payment or modification
<br /> -- of�unortizttdon of the sums secured by this Securiry Instrument Sranted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the or�ginal Borrower or Borrower's successors in interest. I.ender shall n�t be required to
<br /> c�mrrience proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortiTation
<br /> -- of the sums secured by this Seturity Instrument by reason of any demand made by the original Borrower or Borcower's
<br /> successora'in interest. My forbearance by Lender in exercising nny right or remedy shall not be a waiver of or pm:lude the --
<br /> � exercise of any right or remcxly. :
<br /> 12. Suoce.ssors and Assign4 Buund; Joiant and Several Liahility; Co-signers. The covenants and agreements of thts
<br /> � � Secudty Insuument shall bind and benefit the suooessors and assigns of Lender and Borrower, subject to the provisions of
<br /> � � � paragraph 17. Borrower's covenanrs and agme�nenu shall be joint and several. Any Borrower wAo co-signs this Secudty
<br /> — Insuument but daes not exerute the Note: (a) is co-signing this Security Insuument only to mortgage. grant and convey that
<br /> Borrower's interest in the Property under the terms of this Security Inswment;(b)is not personally obligated to pay the suais '
<br /> secac+esi by this Security Iosmimeat; and(c)agrees that Lender end any other Borrower may agreE to extend.enodify.forbear or
<br /> make any accommodarions wtth mgard to the[erma of this Security Instrument or the 1�1ate without that Borrower's rnnse�t. .
<br /> 13.Loan Charges.If the loan secured by this Security Inur�ment is subject to a law which sets maximum loan charges.
<br /> and that law is finaily interpreted so that the interest or other loan charges coll�or to be collected in oonnectIon with the
<br /> loan exceed the permitted limits,then:(a)any such losu►charge shall be reduced by the amount necessary to reduce the charge _
<br /> _ to the pemtttted limit;and(b) any sums already collc�ed from Botrower which exa�ded permitted limits will be tefuaded to
<br /> , , Borrower. Lender may choose to make this refimd by reducing the principal owed uader the;;Note or Ery,makin� a dlrect
<br /> . ' paymeat to Borrower. If a refand reduces principal. the reduction will be treated as a partial prepaymen4 withaut any
<br /> � prepayment charge under the Note. • -
<br /> la.NpNees.Any notice to Borrower pmvided for in this Sacudty Instmment shatl be given by dellvering it or by�mailing
<br /> it by first class mail unless epplicable law requires use af another method.The notice shall be directed to the Property Ail[Iress
<br /> or any other addres� Borrower designates by nutice to Lender. My notice to Lender shall be given by first class [qail�t�
<br /> I.ender's address stated herein or any oWer address I.ender designates by noeice to Borrower. My notice providad for in.this'� . _
<br /> Security Insuument shall be deemed to have been given to Bortower or Lendet when given as provided in this paragraph. �'�. '�
<br /> 15.Governfng Law; Severa�udUty. This Security Instnim�nt shall be governed by federal law and the Iaw of the
<br /> _— jurisdiction in which the Property is located.In the event that any pmvision or clause of this Seturity Instrument or the Note
<br /> conflicts with applicable taw,such oonflict shall noi affect other provisions of this Securlty Inswmem or the Note which can be �
<br /> • given effect wtthout the oonflicting pmvision.To this end the provisions of this Secudty Insuument and the Note are declared
<br /> . to be�vrrabie.
<br /> - Ilb.IIsla�rower's Copy.Borrower shell be given oae wnforrtced copy of the Note and oi this Security Instnurtent.
<br /> � Form 3028 8180
<br />�� Pt�lof 8
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