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<br /> pAyments�,ty no lan�er be required. At the opdon af Lender,if mortgage in�un►nce coverage(ia the y►nount xcKt a tho pedat
<br /> that l.erxler requlrea)pmvidal by an intiurec appro��ed by Leiuler agatn becomes avxllable sacl is obtained. aonawer ahull pay --
<br /> the pnmium.9 reyulyd to ruAlntstiu�uartQaBc lusurance lu�ffect� ar to provid�a lus9 reserve,until th�reyuireiuent fur martgage __
<br /> IntSUrance ends Ia�ccorclnace wjth�ry wtltten agceement between Honower ancf Letttler or appllcable lAw.
<br /> 9.Inspectlon. l.ender or ite�gent may muke reASOnablc cntrles upau Asxi inspecdonv af thc Property. Lender ehhnll�Ive
<br /> Bonawer uatice rt the dme of ar prlor to a»Inspecdnn speclfying reasonahle cause far the InSpecdan.
<br /> 10. CondRmn�tlon. The praceeds of Any award or claim for dwmAges. direct ar cnasequenti�l, in cazu�ecdon witb Apy
<br />. condeauntdon or o�her utkln8 of any part of the PrapeKy,ar for cnaveyance in lieu oY candeuinadon,Rre hereby asslgned and r
<br /> s1u�U be pAid w I.eader.
<br /> Ia the event of n tou�l takin8 of the Property,the procada aha11 be appUed to tLe sums secured by ttus Secarlty Instrucaent,
<br /> whether or uot thea due,wlth aay exass patd to Borcower.In the event of a pardal taidng of the Property ia whicb the fuir
<br /> market value of the Property ImmaliittelY befon the taking ia equal to or gm.ater thaa the unouat of the suma secuml by Wis
<br /> Seeurlty Insuument immaliAtely befon the taking, unless Borrower and Lender atherwlse agcee fa wrldng,the sums secured by
<br /> this Securlty Insttument st�all be reduced by the amouat of the pmceeds muldplled by the faUawing fracdon: (a) the total
<br /> amount csf the sums secured lmmtdiately hfon the taldng,divIded by (b) tlro fair warket value of thc Property Immedlately
<br /> before the taidng.Ai►y ba�laace sim11 be paid to Barrower. In the event of a partial takin8 of the Property in which tl�e fair
<br /> market value of the Praperty i�nediately ixfon the ta3dng is less tbaa the amount of the sums sxured imtt�edlatcly before tLe
<br /> talcing,unless Borrower aud i.�nder othenvise agcee lu writt�g or ualess applicable law otherwIse pmvides, the proceals shall
<br /> be applied to the s�mic secured by this Secuiity Incuument whether ur not the sums tue dien due.
<br /> If the PropeKy�s abandoned by Borrower.or if,�Rer uodce by Lender to Borrower th�t the co�mnox offers to make An
<br /> ;tWATd Or SCtt�C A Cl&{Ill fOT dAi11Ag�S, Bormwer fails to nspond to Lender vv�thin 30 days afier the date the nodce is glven,
<br /> Lender is Authorjzal to wllat s;nd Apply the pzoceeds,Rt ite opdon,either to rrstoration or npair of the Pmperty or to the suma
<br /> secund by Wis Sxurlty Insm�ment,whether or not tl�en due.
<br /> Unless I.ender and Borrower athervvise agree in wddn8. �Y�PPU��on of proceeds to princIpal shaU not extend or
<br /> postpone the due date of the monthly payments nfernd w Ia paragraphs 1 pnd 2 or change Au amount of such payments.
<br /> 11.Borrower Not Rdeasedt Forbwnnca By Latda Not w Waiva.Bxteuslon of the time far payment or maUficxdoa
<br /> of AmortlzAdoa of the sums sxurcu bY this 5ecuritp Iastnw°�n�grat��by Lender to uny successor in Inurest of Borrower s1w11
<br /> not operAte W releese tlie liabiliry of the arigUnal Bonower or Bonower's successore in iattrest.Lender shaU uot ba requirod eo
<br /> �omm�nce proceedinga agaiast aay successor in lnurest or refiue w extend time far payment or othecwise modify amortiutioa
<br /> of the sums secured by tlile Security Insuument bY reason of anY demand mad� by the orlglnal Horrower or Borrower's
<br /> succsssors in Intecest. Any forbars�nce by L.ender in exercising any rf8ht or remaly shs.11 not be a waiver of or preclude the
<br />_ .�.���f any right or renxdy. ,
<br /> 12. Suuessors �nd Assi�ns Bouadt Joint �nd Seva�al LiabiUty; Co-si�nas. 1 he covenauts swd xgrxmarf� ui ilii�
<br /> Securi�y Insaument sball biaci �nd beaefit tLe successors and ysslBns of Lender aad Borrower, subject to the provlsiem of
<br /> p�uagraph 17. 8orrower's covenaats And agre�ments s h a U b e joint a n d several. Any Bomower who co-sl g n s this Secudty
<br /> Inspnunent but does not eaxute the Note:(a) ie co-signing tl�is Securlty InsWra�nt only to moKgAge. grant avd com+oy ttut
<br /> Borrower's Iatenst ia the Pmperty under the terms of this Sxurlty In4hvraenr,(b)is not person�lly obligated to p�y the sums
<br /> sxured by th[s Sxurity Instnimenc: w�d(�)aSnes t1�t u°der And any other Borrower taay agra to extend,modify.forbexr or
<br /> malce any Accommodadons wIth re�ard to the tettns of this Securlty Instrument or the Note withouc 8�xt Horrow�r's co�asent.
<br /> 13.LoAn Char�a. If th�loaa securcd by thi.c Secudty Iasm�ment�S subjxt to a law wbich sets mxxtmum loan¢huges,
<br /> and that l�w is Snally intecpreud so that the interest or other loan c�uges collxced or to be collected ia connecdoa with the
<br /> loaa excad tha pem�itted llmits�then:(a)any such loan charge shAU be reduced by the amount necessary to reduce the c]�uge
<br /> to the pesmival limit:aad @) AnY sums already collected firom Boisovsrer wtuch excaded porniltted liraits wlll be refi�aded W
<br /> gorrower. kndet mAy clwosr w mAke ihis nfw�d by reducing tLe prIncipal owed under thee Note or by maidng oudirxt
<br /> payment to Borrower. If t refund reduas pd�iPxl, the reducdon will be treaud As a putial P�Y� Y
<br /> prepayment charge under the Note.
<br /> 14.Notice�.Any nodce to Borrower provlded for in this Secudty Iasavment shall be gtvea by deHvering it or by n�ailing
<br /> it by 5rst cl�ss mAil unless�ppllcable law requires use of another method.The nodce shall be directed to the Property Address
<br /> or any other address Borrower dasignutes by nodce to Lender. Any nodce to Lender shall be given by fust class mail ro
<br /> L,ender's address stated henin or any other addresss Lender designntes by nodce to Borrower. Any nodce provlded for in�his
<br /> gauri�y Insmiment shall 6e deemed to have been gtv�n to Bormwer or Lender when glven as pmvided in tl�is paragtaph.
<br /> IS.Go�ernin� Iawi ���►blltty.This Sceurtty Instrument sball be governed by federal law azd the lAw of the
<br /> jurisclicdoa in which the Pmperty ia locatal. In the event that any provision or clause of this Security Instr�ment or the Note
<br /> conflicts wlth applicable law, such contlict ebaU not affect other pmvisions of this Security Instcument or the Note whtch can be
<br /> � given effxt without the coaflicdng provision.To tl�s end the provisions of this Security Insavment and the Nou are decland
<br /> to be severable.
<br /> 16.Borrower's CoP7.Borrower sl�all be glven one confomied copy of the Note and of this Security Insuument.
<br /> Form 8028 9!8
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