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<br /> � � � 98-�f Uss58
<br /> payments may no longer be required.at the option af L,ender.if raortgage insurnnce covcrnge(in the amount and far the perlad ,
<br /> . that Lender requires)provlded by an insurer approved by Lender again becomes avnllablc and is obtained. Borrawer sh�tt poy � �.
<br /> ' the prcmiuma�equim,d co matntain mortgage insurance ln effect,or to provide u loss mserve.until thc mquimment for mart�nga t.,
<br /> . _ . insurance ends in acc�rdance wiW any wdtten ugrePment between Barrower und l.ender or applEcable lativ. �,�.,��'
<br /> 9. laspectiou. I.ender or its agent may make reasonable entdes upon and inspections of the ProQeny. l.ender sh�ll giv0 '�
<br /> � Borrower aotice at the time ot or pr[or to an inspection specifying reasonnble cnuse for the inspecdon. ��A�
<br /> ' � .1 10.Condemnatlon. The proceeda of any awerd or clairu for dnmagea, direct or consequential,in connection with.any ',_ _
<br /> • condemnation or other taking of uny part of the Property,or for canveyance in lieu of condemnution,ure hereby assigned und
<br /> ��k•�3 shall be paid to l,ender. �i
<br /> � . •-�- I!��
<br /> �R W the event of a total takin�of the Property.the proceeda shall be applied to the sums secured by thfs Secucity instrumeut, s•.
<br /> � whether or not then due, with any excess paid to Borrower. In the evcat of a partial taking of the Property in.whl�h th�[atr �}
<br /> '°"`'""�"'�t market velue of the Property immedIately bafore the taking is equal to or greater than the amount of the awsts sesursd by thi� _
<br /> .. � Securiry Insmiment immediately before the taking.unless Borrower and l.euder otherwise agree in writing,tke sums secursci by �..E�
<br /> � this Security Insuument shall be reduced by the amount of the pmceeds multiplied by the followiag fractian: (a?th�tata{ �'`��
<br /> � amount of the sums secuned iinme�liately before the taking. dtvided by(b)the f�ir market value of the Property imm�sli�t�ly =
<br /> �� before tha taking.My balance sha11 be paid to Borrowcr. In We event of a parcial taking of tde Properry in wbiah,tha fair. _
<br /> , market velue of the Propercy immediately before the taking is less thau the amount of the sums secured immedi�tely befam.tlta �
<br /> �' taking.unless Borrower and Lender otherwise agree!a wr8ing or unless applicable law otheruvisa provides. the prooeeds ahAll•
<br /> be applied to the surns socured by tdis Securlty Insuument whether or not the sums are thea due.
<br /> ' If the Property is abkadon�d by Borrower,or if,after nodce by Lender to Borcower that We condemnar,offnrs ta�maSsa an _
<br /> . .� a�vard or settle a claim�c�a�amages, Borrower faila to respond to Leader wiihln,30 days after the date th�asmiA2 Is�ivAn, _
<br /> l.ender is authorized to callecc and apply the proceeds,at ics optton,either to restoratioa or repair of the PropErty or•ta,th�Eums
<br /> .;;; � secured by this Securlty Instrument.whether or aot thea due.
<br /> •"`� UNess Lender and Borrower otherwise a rce in wrltin , any a lication of roceeds to prittcipal sAall�not extaad or �__
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<br /> _�•� postpone the due date of the monthly payments referred to in paragrapbs 1 and 2 or chaage the amouat of�such payments. -
<br /> _ .,� 11.Borrower Not Released;Forbearance By Lender Not m Waiver.Extension of the time for payment ar mvditication �_
<br /> � of amortlzation of the sums secured by thls Securlry Iasmiment granted by Lender co any successor in i nterest o g Borroweu s h a l l _
<br /> not operate to�+elease the liability of the orlginal Bormwer or Borrower's succe.ssors in interest. Lender shr11 noc b:reguttnd to -�
<br /> < ,� commeace proccedings against aay successor in incerest or refiue to ex[end tiace for paymeat or otheawise modify amorti7atfon _
<br /> of the sums secured by this Securlry Instniment by crzsoa of any demand made by the orlgtnal Bormwer or Bomower's
<br /> , - successors in interest.Any forbearance by I.ender in eaercis�ng any rIght or remedy shalt not be a waiver of ar preclude the -
<br /> . eacercise of any r�ght or�edy.
<br /> � 12.Suocessors and Assigas Bound;doint and Severnt I,IaE�Htity; Co-eigners. The covenanta aad agreements of this
<br /> � _ Securiry L�strumeat shall bind and benefit the successo�s and a�ssi�s of Lender aad Borrower, subject [o tbe provisions aY
<br />;_.��,.�.;,.,,:';`. Paragraph 17..�orrower's covenants and agceemena shaii Oe ja�int F►nnd severai. Any Hurower who co-sigas this Saurity —
<br /> .H • lnsuumeat but does not aacecute the Note:(a)is oo-si�tU�s SeeurIty Instcument only to mortgage, grant aad convey thai
<br /> . - Borrower's iruerest in the Pmperty under the terms of r,�is Securlty Insaument:(b)Is aot peisonally obli,gated a�pay the sums
<br /> '.�' 4 ' aecured by this Securlty Instcument:and(c)agrees thnt i,eader and any other Borrower may agm.�to extencl.modily,forbear or
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<br /> '_' i;; make any acrommodadons with regazd to tAe terms of ehis SecurIcy Insaument or ihe Note without shat 8orrower's consent.
<br />``W���-�:�✓, , ::;?� 13.Loan Chargc9.If the loaa secured by thts Securtty Jnstivment is subject to a lnw which sets maximum loan charges,
<br />_-',;,.;;=::-:�+ and that law Is finally inte�►reted so that the intecest or other loau charges collected or to be collectect in conaection with the
<br /> -'�''°��"''�''` loan excced ttte permitted liraita,then:(a)aay such loan charge shell be reduced by the amount necessary to reduce the charge
<br /> _��;y��•,,,.�� —
<br /> _= - -- to the gemritted limit:and(b)any sums alrzady coilected from Borrower whlch ra�ceedEd permitted tiatits evill be refundod to
<br /> �=r�:� Borrawer. Imder may choose to make this rafund by reducing the prjncIpal owed under the Note or by maldng a di�ect
<br /> "--'�'��-�'?� payment to Borrower. If a refund reduces priacipat, the reductton wilt bc meated a� a partial p�epayment without any
<br /> - �������� },�+?p�y�t charge un�*the Note.
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<br />;.�:-;k�;_� 14.Nodc.es.Aay notice to Bormwer pmvidect fo��n this Secudty Insnument shail be glven by delivering it.or by mailing „�,_,,
<br /> -�::�_,;;;_�;�}. it by tirst class mail unless applicable law requir�s n�se of aaother meWod.The aotice shall be directed to ttte Property Address
<br />--';;,t•�;'.,' •y or atry other address Borrower designaces[xy noNa to Lender. My notice to L�nder shall be glven by first class mail co
<br /> _.... j.,,. i��,� _
<br />_ " • x 1 �•�r Lender's address stated hereia or any other address Lender desigaates by notice to Barrowee. Any noace provided for ia this
<br />-�-����� Secutity Insuument shaU be deemed to have been given to Bonower or L,ender when given as provided ia Wis paragraph.
<br /> `f°���� I5.Govecning Laa; Scwerabitity. 'fhis Secudty insavmeat shall be govemed by federal law and the law of the
<br />="��'`_� jurLSdictioa ia which the Property is lucated. Ia the event that any pmvision or clause of t6is Securiry Instmment or the Note
<br /> -:�.`'��.`� contlicts with appl[cable law,such confUct shall not affect other pmvisions of this Security Instrument or the Note which can he -
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<br /> .y�.rts,t,.,;_,. given effocE�vithout[he oonflicting provision.To this end che pmvisions of thia Security tnstcument and the Note are declated
<br />',.,_...�,:; �s to be severaTale.
<br /> - , ":� 16.Borrow�'s Copy.Borrower shall be givmz one conformed copy of the Note and of this Secudry Instnuaeat. -
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<br /> , Fonn SO @ 9190
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