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<br /> paymcnts muy no langcr bc rcquircd,nt thc opilon of l.cndor, if martgagc insurance covcrage(in thc amount end for thc perfod �f �
<br /> � that L�ndcr rcquirc.9)provldcd by en insurcr approvcd by l.endcr agaln bccomcs uvailablc and is abwincd.Borrowcr shell piiy thc �•;.s=
<br /> ' prcmiums rcquucd to maintain mortgagc insurancc in ctfcet. or r,o provido a loss rescrvc, undl thc rcquircmcnt for mongagc '"'";
<br /> , ''� insurancc cnds in occordancc with eny writtcn agrccmcnt bctwccn Burn�wcr end Lcndcr ur applicablc law. � �,- "
<br /> .,,,l,,;,,� 9.Inapectbn. Lendcr or it�Agent may makc rcasonable entric.9 upan and inspections of Ihc Property.l.ender shall givc y - ,
<br /> .� •�w Borrowcr noticc at thc timc af or prior to an insp�xtlon spccifying rcasonablc causc for thc inspccUon. � �.W�-
<br /> 10.CoedemnAtion. 'Ilsc procccds of any eward or claim [or damagcs, dlrcct or conscqucntial, in connccdon with any�r1 ,'Rz�..:
<br /> condcmnation or other taking of eny purt of thc Property,or for convcyancc in licu of condcmnation,arc hcrcby ussigncd andMi __�__
<br /> shall bc paid to Lcndcr. � ''�`
<br /> In thc evcnt of a totel taking of the Property,thc procccds shall bc applled w the sums secured by this Sccurity Instrumcnt,� - -
<br /> • whcthu or not thcn duc,with anY cxccss paid to Borrower.In tha cvent of a partisl taking of thc Property in which the falr mazket _
<br /> valuc of thc Property immedlatcly beforc thc taking is cqusl to or grcatcr then thc amount of thc sums sccurcd by this S�urity� -
<br /> Instrument immcdiately before thc usking, unless Borrowcr and L.endcr otherwise agrcc in writing,the sums securcd by this -
<br /> + Security Instnunent shal!be ruiuced by the amount of the procecds multiplfed by the following frsiction:(a)the wtal amount of -
<br /> ' " the sums securcd immedlatcly bcfore thc takIng,dividcd by (b) the fair markct value of thc Property immedistely bcforc thc
<br /> •i taking.My balance shall be paid w Borrower.In the event of a partial teking of thc Propeny In which d�c fair market value of thc -
<br /> � Property immediately beforc the taki�g is Iess than the amount of thc sums securerl Immedlately before the taking. unless
<br /> Borrewer and Lender otherwise agroc in wridnB ot unless appllcable law otherwisc provide.9,the procceds shaU be appAcd to the
<br /> � sums sccurcd by this Sccuriry Insuumcnt whether or not the sums are then due. _
<br /> If the Property is abandoned by Boaower,or if.after nodce by Lender to Borrower that the condemnor offers m make an
<br /> award or settic a claim for damagcs,Boaowcr fails to respond to I.cndcr within 30 days aftcr the date ihe nodcc is given,L.cnder
<br /> is authorized to collect end apply Ihe proceeds,at its option,either to restoration or repair of the Property or to the sums secured `�
<br /> by this Security Instrument,whether or not then due.
<br /> � • Unless Lcnder and Borrower othenvlse agree in writing,any appllcadon of proceeds to principal shall not extend or postpone =_
<br /> •, �•� the due date of the monthly payments referrect W in parngraphs 1 end 2 or change 1he amount of such payments.
<br /> F 11,Borrower Not Rekased;�orbwrance By I.eader Not a Waiver. Hxtension of the time for payment cr modificarion
<br /> �.� of amoctizadon of the sums secured by ihis Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> nat operate w release the ijability of thu original Borrower ar Borrower's successors in interes�Lender shalt not be required to
<br /> � commence proceedings against any successor in interest or refuse to extend time for payment or othenvise modffy emoitizadon of
<br /> • the swns secured by this Security Instrument by reason of any demand made by the originul Borrower or Borrower's successors
<br /> . in interesG My forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any -
<br /> right or remedy.
<br /> � 12.Successora and Assigns Hound;Joint and Several Li�bilIty; Co•signers. The covenants and agreements of this _
<br /> �• . Securiry Instrument shall bind and bencCt the successors and assigns of L,endcr and Horrower. subject w thc provisions of
<br /> parap,raph 17. Borrower's covenants xnd agrccments shall bc}oint and several. Any Boaower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co•signing this Security Instrument only to mortgage,grant and convey t!►at �
<br /> Borrower's interest in thc Property u�der the terms of Ihis Security Instrument; (b) is not personally obllgated to pay the sums --
<br /> securcd by this Sccurity Instrument;and(c)agrecs that I.endc:nnd any othcr Borrowcr rnuy agrce to cxtcnd,modify,forbear or �
<br /> make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Borro�ver's consenG
<br /> 13.Loun Charges. If the loan secured by Utis Secnriry Instrument is subje;ct to a law whlch sets maximum loan charges, �
<br /> and that law is finally interpreted so that the interest ur other loan cherges collected or w be wUect,ed'ui conna;,tion with the loan = -
<br /> cxcecd thc permiued limits,then:(a) any such loan chazge shall be reduced by thc amaunt nccessary to reduce thc chazge to thc --
<br /> permitted lImit;and(b)eny sums already coAected fmm Borrower which exceecled pecmiued limits will be refunded to Borrower. _
<br /> Lender may choose to make this n;fund by reducing t�e principal owcd undcr the Note ar by making a direct payment to `"-;;;:
<br /> S Borrower. If a refund retluces principal, thc reciuction will be treated as a partial prepayment without any prepayment charge �•':-
<br /> ' undcr thc Note.
<br />" 14.hotkes. Any nodce to Bonower providcd for in this Security Instrument shall be given by dclivering it or by meiling it =
<br /> � + by first class m�il unless appUcable law requires use of another method.The nodce shall be dirccted ro the Property Address or ; � -
<br />- any other address Borrower dcsignates by noticc to Lcnder. Any noticc to Lendcr shall bc given by Cirst class mail to Lender's,'.'l _
<br /> address stated herein or any other address Lender desigr.ates by notice to Bonower. My notice provided for in this Security ' �' �"��?'�_
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<br /> Instrument shall be deemed to have been given to Borrowcr or Lcnder when given es providcd in ihis paragraph. • Y�=�_
<br /> 15.Governing Law;Sxverabiltty. 'This Sccurity Instrument shall be governed by fcderal law and the law of the �"' � '`-§�'
<br /> jurisdiction in which the Property is locatcd. In the event thnt any provision or clause of this Security Instrument or the Note ''�� ;N.::
<br /> conflicts with applicable law,such conflict shall not affect other provisions of tt�is Sccuriry Instrument or the Note which can be -
<br /> given effect without the conflicting provision.To this end the provisi�ns of this Security Instcument a��d the Note are declared to
<br /> be scverable.
<br /> Form 3028 O/�0
<br /> . �o•ER(NE)(D2t2).Ot Pap�4 0l B �m�leb:
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