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<br /> payments mayr no tonger be required.at the option af lender,if mortga�e insvranoe wverage(in the amount aad for the pesiod r .
<br /> :_.•:-�;..� � thai I.ende� requires)provided by an insurer agproved by Leader again becomes availatife und is obtaiued.Bortower sha11 pay �-'
<br /> ' ` the remiums u;red to maintain mort e ins�ance in effect.or to rovide a loss eeserve.und!the uir�ement for rtrort e �_
<br /> . •' �: , P �1 � &� P �9 8a� ` �_�
<br /> —=�,��;�= • � i�c,w�cmis itr accv��vim auywritten sgee�nau benv�r�soaower atW Lende.r or appTtcabTeTaw� -- --. --- -
<br /> a
<br /> _ � � 9:Iasp�tfon.�.ettder or its�gent may make rqsonabte enuies upon and inspections of the Property:Lender shall give •�
<br /> '"�.�� Borm�ver notice at�he time of or prior to an inspe�iun specifyir�g reasonable cause for the inspecdon. -���`•
<br /> _ �-_ 10.Condemnattop.The pmcceds of any award or staim for damages.direct or oonsequential, IA OOIIri�Ctl�A WItIl�SIIl+ � �'.��
<br /> �� ��-`•� � condemnadon or other taking�f any part of the Property.or for co�veyance in lieu of tandem�ation.are 6erby assigned aa� �
<br /> - ` � - shal!6e p�id to l.ender. , `
<br /> ��� ;`� ��, .� ' In the event of a totai taidng of the Property.the prooeeds sball be applied to the sums secured by this Se�urity Inst�ument, �u
<br /> ; �,. 'r;;� whether or aot thei►du�wlt6 any excess paid w Borrower.In the event of a partial taking of the Property in whicb tke fair ---
<br /> - • � m�aricet vaine of the Property immediately before the taldng is eqaai to or greater than the amou�of ths soms�serared by this
<br /> • . -�: Secvrity Insanmem immediately before the taldng,unless Botrotver and Lender otherwise agree in writing.the sums sec�sred by �-"'"':
<br /> `.. ' . "_;,:'.`' this 5ecurity Instzumen.shap 6e reduced by the amonnt of the praceeds mWiiplied by the following fiaction: (a1 the mtal �?`. .
<br />�_- `___ , amount of We sums secvred imraediatety before the talsing,divided by (b)the fair market vai�e of the Pcaperty imnaediatety %
<br /> � -
<br /> ��,' ' .- before the taking. My balanee shall be paid to Borrower. In the event of a paztial Eaking of the Property in which the fair ��„
<br /> '`, � ,' m�ket vatue of the Pcaperty ia�nnediately before the falang is less than the amount af the sums secured u�adiately before the
<br /> .` 5(= `. .(„
<br /> taking,w�less Bonower aud Iender otheiwise agree in wri�nng or antess applicahte law othcrarise pravides,the pmce�s s6a11 ���'�-
<br /> ` �`� `.���` . be applied to the snms setured by this Security Insuu�nent whether or apt the sums are then d�e. --
<br /> ,�'.�.' � If the Property is a6aadnned by Bairawer,os if,afier no6ce by iender to Eortowet that ehe condemnor offers to tr�ake an ' ry`
<br /> � award os settle a claim for d�mages, Borrower faiLs to�espond to Iender within 30 days aRer the date the notice is given, ~�
<br /> , " �-�`"'"" �endet is suthoriz�to colted and apply the pmceeds,at its op8on,either to�estoiation oi repair of ttie Property or ta the sums
<br /> < ��`�� secured by this 5ecvrity Insuumen�whetlier or aoi then due. ,,.
<br /> � • UNess Leader and Borrower othenvise agree in writing, arty agplic�tion of proceeds to piincipal sball not extend.or . '`�_�`.
<br /> � � postpone the du�date of the monthly paymenu refernd to in paragraphs 1 and 2 or change the amannt of such paymeats. `�'';
<br /> ,. ..'�t' 11.Barraw�r Not Relcased;Fnrh��+�p By Leader Not a Waiver.E�teluion af the time for payment or awdificatton �-
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<br /> • ,r,�f�,,. bF amorti7atian of ihe.sums secaue�by this.�svrity Instniment granted by Leader to aay successar in intemst of$orrower sda�ll �`.+
<br /> �. A: rtot operate w release the liability of the oridr.al Borrower or Borrower s successors in interest.I.ender shaI!not be requireA to
<br /> . ': :i Commence praeeediags agatast az►y successor in inserest nr refiue to extend tim4 for payment or otherwise madify amortization �'����•
<br /> . ,. '. . : ���,� o� the.sums secured by this Security t�.��• by reason of any demand made by the ariginal Bormwer ar Boaower's " �=� =
<br />_ . '`- successo:s iQ inserest. Any forbeaiance by�nder in exerclsing any rigizt or remedy sball not be a waiver of or preclude the --...
<br /> ':��'{, exercise of any ri�ht or remedy. . . e---- .
<br /> • , �� � 12. Successors and As9lgns Bonad;'3oiat and �everal LiabiiIty;Co-stgmets. The covenants and agreEments of t6is :�:r`
<br /> �. �
<br /> �: ' `. �_ ,�� Security Instrument shall bind and benefit the successois and assigns of Lender and Bomower, subject�to the prnvisioas of
<br />- �� paragragh 17.'Borc�wer's oovenants and agreements shall be joim and several. Aay Borrawer who co-signs this Security �___�`
<br /> ;;s� Insuument but does not execute the Note:(a)is co-signing this Security instn�mem only to mortgage, gtant and convey that �
<br /> ,� :..� ,..�: ..;�:�_; Borrower's interest in the Property under dte terms of this Secarity Irtstrument;(b)is not peisonaUy abligated to pay the sums �;��•
<br /> - •.,�+;�;��� secured by this Security Instrument;and(c)agnes that I.ender and any other Hosrower may agree 4o extend.mo ' .forbear or
<br /> .. ,•.Y' make an gccommodations with r � �'�.
<br /> .�.� y egasd to the terms of th�s Security Lutrument or We Note without tAat Borrower s consent. . ��F•:
<br /> �. 13.Laan Charges.If the'.can secured by this Security lnstrument is subject to a la�v which sets maximtun toan charges. • � ..
<br /> • �� ,, and that !aw is finally interpreted sa that the lnter�tt or other loan charges collected or to be cope�ed in oonnection with the
<br /> toan exceec!the permitted limiu,then:(a)a��suoh loan eharga sh�l!be redaced by the emount rt�oessary to mduce the cbsrge �- :
<br /> _ �s''`; to the permitted limit;and(b}anY sums already collected from Horrov�ar which exceeded pentntted Iimits will be refuaded to ��,,,:
<br /> _ � .��� � Besrower. Lcnder may choose to make this mfund by ieducing the principal owe�! under the Note or by m�.�sing a dira:t
<br />�. . Y�' �•� �:y ment td Borrower. If a refund reQuces principal. the reduction will he treated as a partial prepaymeut withont any
<br /> ,'.;,��,',� prepayment charge under the Note. � '
<br /> � � . : ' { 14.Notices,Any notice to Borrower provided for in this Security I»strument shall be given by dellvering it or by mailing .
<br /> • `��'�� it by first class mail unless applicable law requires use of another m.ethod.The notice shall be directed to the Properry Address
<br /> � ' €�' or.an other address Borrower desi tes b notice to Leader. An aodce to Lender shaU be ven b fi.r�t class mail to ',
<br /> ( :. Y 1� Y Y P� Y r _�•,
<br /> ';� : ' . .': Lender's address stated herein or any other address Lender designates by notice ta Borrower. Any notice pmvi�ed for in this
<br />- • S e c u ri ry I n s t r u m e m s h a l!b e d e e m e d t o h a v e b e e n g i v e n t o B o a o w c r o r L e n d e r w h e n g i ve n a s p r a vi d e d i n t h i s para g r ap h. �`
<br /> � ' � 1 5.Govern i i ro La�; 5 everabSlity. This Security Instniment shall be governed by Pederal 1aw and the taw of the '
<br />;�.y ; ' . � ; jusisdiction in which the Property is located. ln the event that any provision or clause of this Security Instrument or the Note - ••
<br /> � � • . oonflicts wilh applicable law.sueh conflict shall not affert other provisions of this Security Instrument or the Note which can he
<br /> _ , given effect without the conflicting provision.To this end the provisions of this Seeurity Insttument and ihe Note are declu�! � '��
<br /> ` �. � to be severabte. � �
<br />= • . . ; 16.Borrocrer's Copy.Borrower shall be given one conformed copy of the Note and oF this Security Instmment. + `
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<br /> ' � � • Form 3�28 fl180
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