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<br /> paymen�v mny no longer be requtred�,at the option of Lender.if martgaso ittsurcuttw���n►Se lin ihe nmount o,n�for the pettod
<br /> thut Lender requlres)provtded by an ins�rer approved by Lendor Aguin.becam�s uvailAble nnd ia obtnined. Bnnowcr shull pay
<br /> the prrmiums requircd to maintain mortg�ge inaurance in effcct�or.sa.p�AVid�u loss reserve.until the rcquirement for mortguge
<br /> {nsumnce ends in accordance with uny wrltten u�recment Isetwcen 8orra�vet atcd�t►A�tr nt applicable iaw.
<br /> 9. Iaspecuon. l.ertder or Its ugent may mnk$reasannble entries upon,and insA�atipns of the Property. Lender shnU give
<br /> Borrower notice at the time of or prior to un inspectian specifyinII reaxonahla cxu�a tqr tha inspection.
<br /> 10. Cortdemnation.The pmcee�is of any awcurt ur clui�a fu� dtuttages.ditlQCt.o�,c�a�isequcnd�l. in connection with any �
<br /> condemnation or athcr takin�of any part of the Propsrty.or for canveyanae in Heu of,aottdr��l�atton.nre hereby assigned nnd
<br /> shatl be paid ta Lender.
<br /> In the evcnt of a wtal taking of the Property,th�pt+oceeda shnU be applteti ta the sumS sacured by this Securtry Instrument.
<br /> whether or not thea due. with any excess paid to Bor�qwer. In tha event af n purtlul tnkjnII of the Property ln whtch the feir
<br /> market vatue of the Froperty immediately before the taking is equnl ta or��eatcr than the amount of the sums secored by this
<br /> Security Instrument immediately before the taking,unlass Barro�ver and i.ead�r otherwise agre�in wciting,the swna secured by
<br /> this Security Inswment shail be reduced by the amount of the pr�ceeds multipliad by the following fractlon: (a) the totel
<br /> amount of the sums serured immediately before the takiit$, dlvided by(b1 tha fair market value of the Propetty immediatcly
<br /> before the taking. Any balance shatt be paid to Borrower. In the event of a partial.:taking of the Property in which the fair
<br /> market value of the Property immediately before the taking ia less than tha amaunt of tha sums sec�red immediutely before the
<br /> taking,untess Borrower and Lrender othsrwise agree in writIng or unless applivabl�law otherwise provIdes.the proc�eds shall
<br /> be applied to the sums secured by this Security Ynstrument whether or nat tba sum&are then due. :
<br /> If the Pcoperty is abanzlobod by Bosa+ower.or tf,aft�er natice by Lendar to Bornower that the condemnor offe�s to make an
<br /> t�ward or settle a claim far.�upages. Borrotver fails to�respond to Lendar within�3Q days ntter the date thB nottce is gIven. _
<br /> �ender ia authorizeci ta cn;3Ert and epply the proceeds,at ita option�,eithar to restoration or mpair of the Property or to the sums
<br /> secured by this�ty�,'al.ctrsu}�tent.wLexher or not then due.
<br /> Unless Lender aiid;l�urower othecwtse agree in wrlting. any appliaation of proceeds to principal shall not ex4end ar
<br /> pvStpoae the dae date a�CQ�e u�oMhly payments referred to in paraSraPha 1 and 2 ar at�ange the amount of such payments.. :. .,
<br /> 11.Borrower.Mu#.1���d;Forlsearance By Lender Noi a WaYrer.Bxtennion of the time for payment or modiScaHon -
<br /> ,' of aa�ortir.ation of the s^.uns�searrecl by this Security Instrumeat granted by Lefeder to any successot in interest of�$orrower shall =
<br /> not operate to rclease the li�b�lity of the vrlginal Borrower or Borrower's successors in Intenss. I.ender shall�not��b�reqairad to
<br /> commence proceedings against any successor ia interest or refuse to extend time for payment or otherwise modify amordzatIon
<br /> of the sums secured by thia Serwity Instrument by reason of any demand tnade by the original Borrower or Bonrower's
<br /> � suocessurs in tnterest. �py�Forbearance by Lender in.eaercising any.r�ght,or rBmt�ly shall not be a waiver off�or preclude the
<br /> . �„sri;e of su�ri�tt�r�y.
<br /> ' 12. Suoccssors a�4 ,Assigns liound►Joint aad Severai Ljabiiuiyt ��eas. Thc covensats aad agre�ments of tb.is
<br /> Security I�aceuqiea�t shA�},'bind and benefit the sua�ssors and assngas.of L.�nder and Borrower, s�.��ject w the provisions oY
<br /> , paragraph 1'�. $orrower.`s covenaats and agrePmenta sha11 be joint apd sevoral. Any Borrower who arsigas this Secudty,.
<br /> ,: 1�stniment b�it'does r�t execute the Note:(a)is+co�siig4�iq$�5;S�CUr1ty Iq�tCUment only W mortgage, grant and convey that'
<br /> : �orrower's�terest in tC1e iP.vperty uader the terms e�this,&ecurity,�`nsuumeatt�(h�?as not personallY obligated to pay the sums , .
<br /> 'secured by�i'�is.Securitjr��iument:attd(c)sgrees tNat�i�e�uter mnd�ny othar i�qiroaer may eg�to extend.modify;foxbe�r or
<br /> make any s000mmodatIons with rega�d tn thB terms of this Seci�tiry 3�ument or the Note wIthoat that Borrower's consen� �,
<br /> 13.Loan Charges.Yf the loaa secured by this Securicy Instivment i�subject w a law whdch 3ets waximum loan charges,
<br /> and that law Is finally i�er�teted so that the interest oe ather loan charges collected or to be oollected in cnnnectton with tlee •
<br /> loan eaceed the permitted�i�nits,then:(a)any suoh,la�u►afia.r�se shall be reduccd by the amount ncx�essary to reduce the charge
<br /> to the pernutted limit;and(b)any sums alreadycull�d�_Soc�wer wbich exoeedad perana.ted limits w�31 be refunded w
<br /> Horrower. �er umy ciii� ia mal:z i3sfs rstiutd L�. r�'..,�.'^.�e �cincips! oW�uader�e IJate or by matiing a direct
<br /> payment to Bonawer. If.a refund reduaes priutaip�i,.� c�dk�cGon'will b� t�eated as a partial prepayment witttout any
<br /> PrePaYment charge under i�►e Note. .•' ::` �� .
<br /> 14.Notices.A.ny not�ce to Borrower providdd�f�r in�is SEC�v1ty Insmiment shall be given by deliverin$•It or by mailing .
<br /> it by first class a�ail unless applicable law mquires usg'o�:anat�er metttod. The nodce shall be directed to the Penperty Add�ess
<br /> or any other address Borrower designates by notice to l.e�der. Any notice to Lender shai� be�iven by first class mail to
<br /> i,•ender's address siated herein or aay.nrlfer add�ess Lend�����by notice w Hormwer. Auy nodce pmvided for ia this
<br /> Socurity Instn�mettt shall b�dqemad to h�ve beea g[uen ta Borrowar or Ixndcr when given as pmvlded in this patagraph. �
<br /> � � lg.��r��g �R; �,p�tbf[(tj,, This Se�urity Instrument shall be governed by fedecal law aiid the law of the
<br /> jurisdIctton in whic6 the�mperty is lacated. In the eve�t that any provision or clause of this Security Inswtnent or the Note
<br /> eonflicts with applicable Iaw.such conflict shall not affea other pc+ovisions of this Security Ins3rument or the Note wbich can be
<br /> given effect without the conflicting pmvision.To this end the provisions of this Secudcy Insta��rtent and tha Note are decfa�d
<br /> w be severable. � . •
<br /> 16.Bon�n�er's�3r.Eorrower shali be given one oonfomted copy of the Note and of this Security Insbvment.
<br /> Fotm 3048 9180
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