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<br /> - paymcnix may no lrn�gcr ba rcquircd,at�hc opdon af Lcndcr,if mortgagc insurancc covcrugc(in thc amount and for thc period . �-�•Jr�r��'a
<br /> .• that Lcndct•rcquires)providcd by an insurcr opprovcd by Lcndcr again bccomcs evailablc and is obtaincd.Bocrowcr shall pay thc � �,�E•ti "—`
<br /> prcmiums requircd to malntain morlgagc insurancc in effcct,or ta providc n loss rescrvc, undl thc rcquircment for mortgagc �° • '`�° a��
<br /> + in�surance enda in accordance with any written agrcement betwcen Bonowcr and C.cndcr or npplicnblc Inw. �A . . . . -
<br /> 9.Inspection. L.cnder or its agent may makc rcasanablc entrias upon and inspccdons of thc Property.I..cnder shall givc� ;��;;y�`�,:':y::,'-,,'`�;;; -
<br /> •'""'� � 19aaower noGce at the Wne of or prIor to an inspection specifying reasonable cause for the Inspecdon. ��l:i-:-'-;:r.+ ::�. �•:
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<br /> l0.Condemnation. Thc procccds of any award or claim for damagcs, dircct or conscqucntlal, in connccuan with any� �*'�,�c��:!:_±:���
<br /> condemnaUon or othcr takin of an �� ' "�=``'�"""``
<br /> . � g y part of the Property,or for conveynnce in licu of wndcmnadon, arc hcrcby assigned and � , �������_=
<br /> shall bc paid to L.endcr. �, 'i� =
<br /> In Ihc c;vcnt of a wtal taking of the Property,the procceds shall bc applicd to the sums secural by this Security Inswment, __ _� _
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<br /> � whcthe�or not then duc,with any exccss paid to Bonower.In thc cvent of a partial taking of the Property in which thc fair marke
<br /> value of ihe Pro immediatal before the taicln �s 'S°`° —
<br /> Pcrty ' y g ' equal to or greatcr than the amount of the sums secured by this Seciuity �,��,;�_�
<br /> � Instrumcnt immediately before thc taking, unless Borrower and Lendcr othcrwisc agrce in writing, the sums secured by this �a��..
<br /> Security Instrument shall be rcduced by ihe amount of tha procecds muldplleci by the following fracdon: (a)d�e total amount of ��i�=--��
<br /> �, tho sums secured immediately beforc the teking, dividcd by (b) thc fair market value of the Property immediately beforc the -_—
<br /> '• talcing.My balance shaU be paid to Borrower.In thc avent of a partial taking of thc Progerty in which the fair market value of the '�``
<br /> �' Pcoperty immediately before the taking is less than the amount of the sums secured 'unmecliately before the taking, unless F:-=:-- —
<br /> � �._.�.��
<br /> Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides,the proceeds shell be applled w the - --
<br /> '� sums sccured by this Security Instrument whether or not the sums nre then duc. �,,,,
<br /> �t If the Properry is abandoned by Bonower,or if,af�er nopce by Lcnder to Borrowcr d�at thc condemnor offers to make an s'�,��i�
<br /> �� award or seUle a claim for damages,Boaower fails to respond to Lender within 30 deys after thc date the nodce is given,Lender ���.----
<br /> is authorized to collect end a 1 the roceetls,at its o don,either to restoration or re au of the Pro �r�:�
<br /> PP Y P P p ' perty or w the sums securcd _
<br /> by Ihis Security Instrument,whether or not thcn duc.
<br /> , Unless Lcnder end Borrowcr othcrwise egree in writ�ng,any appllcation of proceeds w principal shall not extend or postpone '�:
<br /> � the due datc of the monthly payments rcfeired to in paragraphs 1 and 2 or changc thc arr►ount of such payments. :�
<br /> 11.Borrower Not Rekased;ForbestrAnce By Lender Not a Watver. Extension of the time for payment or modlficadon �_"""
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<br /> of amortization of the sums secured by this Security Instrument granted by L,ender to any successor in interest of Borrower shell ----
<br /> � A4I 4j?�SBIC l4 iCIC9SL SflL'II$tTl�l�4f!t!C 4IIb'ISl3I BO!lO�rer or Borroxsr's su;.ccs�or�in i�tcr��i.I,c�da: shafl not hZ�equu�G, "'°
<br /> � commence procccdings against any successar in intcrest or refuse ta extend time for payment or otherwlse modify umortizadon of oa���_
<br /> `t� the sums sccured by this Securiry Instrument by rcason of any demand made by tha original Borrower or Borrower's&uccessors " -
<br /> in interesG My forbearance by Lender in exercising uny right or remedy shell not be a waIver of or preclude the exercise of any -
<br /> right ar remedy. -
<br /> 12.Successors and Assigns Bound;Joint aad Several Liability; Co-signere. 'It►e covenants and agrecments of thi� - —
<br /> Security Instcument shall bind end beneCt the successors end assigns of Lender and Borrower, subjoct to the provislons of f"
<br /> . paragraph 17. Borrower's covenants end agreements shall be joint end scveral. Any Bonower who co•signs this Security
<br /> "ti" Instruument but does not execute the Note: (a) is caslgning this Security Instr�ment�nly to mortgage. grant�nd convey that �
<br /> " p, So�rowcr's intcrest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay thc sums
<br /> �� secured by this Security Instrument;and(c)agrees that L.ender and eny other Borrower may agree to extend,modify,forbear or �
<br /> �p make any accommodutions with regerd to the terms of this Security Instrument or the NoW without that Borrower's consenG
<br /> � 13.Le►pn Charg�t. If the loan sccurcd by this Security Inspumcnt is subject to a law which sets maximum loan charge.q, .�
<br /> and that{aw is finally interpreted so that the interest or other loan charges coAccted or to be collected in connection with the loan LL. _._-- ._- ---
<br /> '� excoed the rmiued limits,then:(a)any such loan char e shall be reduced b the amount n `--
<br /> .. Pe 8 Y �s.�arY to reduce the chazge w the �._
<br /> '� permItted limit;and(b)any sums already collec;ted from Borrower which excceded permitted iimits will be refunded to Borrower. ¢�
<br /> �+�� L.ender may choose to make this refund by reducing the principal owed under the Nute or by making a direct payment to ��'�-
<br /> '� Bortower. If a refund reduces principal, the reducuon will be ueated as a partiAl prcpayment without any prepayment charga ���
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<br />' � undcr thc Note. �_,_�
<br /> 'e� 14.Notkes. Any nopce to Borrower provided for in this Security Instrument shall be given by delivering it or by meiling it �=------------°
<br /> by First cless mail unlcss applicable Iaw requires usc of another method.The nodce shall be dircceed co thc Property Address or �T —�----
<br /> any othcr address Boaowcr designates by nodcc to I.cndcr. Any noucc to Lendcr shall bc givcn by Pvst cless mail to Lender's =—= ���
<br /> address stated herein or wiy other address Lender designates by nodce to Borrower. Any notice provided for in� this Securiry �`f;�:k R'—.�-
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<br /> Ins�ument shall be decmed to havc becn givcn w Barrowcr or Lendcr when given as provided in this paragraph. n•=.,�.,a*��ys:
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<br /> • IS.Governing Law;Se�erability. This Sccnrity Inswment shall be govemed by fcdcral law and thc law of Ihe ��•
<br /> jurisdicdon in which the Properry is located. In the cvent thAt any provision or clause of this Security Instrument or the Note .�� �'''�
<br /> con8icu with applicable law, such conflict shall not affect other provisions of this Security Inswment or the Note which can be .`{��,3. .^ .
<br /> given effect without the conflicdng provision.To this end the provisions of this Security Instrument and the Note arc declared to "', >%�•`l
<br /> be severable. .
<br /> Form 3028 9i90 I '
<br /> �-6R(N E)�oz i 2�.o i Pey��o�8 i�wus: i
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