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<br /> �'� '``� ' " payments may no longcr bc require;d,at the optian of Lcnder,if mortgage insurancc covcragc(in the amount and for�he period
<br /> .`.�; ,' :• .� that Lender requires)providea by an insurcr approved by Lender again becomcs availa6le,�nd is obtained. Borrower shall pay
<br /> . . ;-�• the peemiums requirul to n�aintain mortgage insurancc in cffect, �r to providc a loss rescrvc, until thc rcquirement for mortgage
<br /> ;...� . insuraz�ce ends in accordance with any written agreement between Borrower and L.ender or applicuble law. _�
<br /> " � �, 9. Inspectlon. l.ender ar its agent may make reasonable entries u{x�n and inspecllons of thc Property. Lcnder shall give
<br /> �` � '� @orrower notice at the tirne of or prior to an inspection specifying reasonable cause for thc inspection.
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<br />-�"' '� 10. Condemnatlon.The proceeds of any award or claim far dlmages, direct or consequential, i�connection with any _
<br /> 4 <•�• -��. � ;�, condemnatian or other taking of any pnrt of thc Propeny, or for convcynnce in licu of condemnation, are hereUy assigncd and
<br /> ; shall he paid to Lender. _-
<br /> In tha event of a total taking of the Property, the proceeds shal�be applied to the sums secured by this Security Instrument,
<br /> `��,�_, . whether or not then due, with any oxcess paid to Aorrawer. In tho event of a partial taking of the Property in which the fair
<br /> market value of the Propeny immecliately before the taking is cqual to or greatcr than thc arnount of thc sums secured by this
<br /> . Security lnstrument immedlately before the taking, unless Borrovver and Lcnder othcrwise agrec in wricing,Aie sum.s saured by
<br /> "�- this Security Instrument shall be reduced by thc amount of the proceeds multiplied by the following fraction: (a)the total
<br /> ti�' '. amount of the sums secured immediatcly before the taking, divided by(b) the fair market value of the Property immcdiately
<br /> - ' before the taking, Any balance shall be paid to Borrower. In the event of a partial tal;ing of the Praperty in which the fair
<br /> ::��?�.;~;:. marke[value of thc Propeny immediately before che taking is less than tl�e amount of the sums secured immcdiately before the
<br /> ' '�•� taking, unless Borrower and Lender otherwise agree in writing or unless applicablc law otherwise provides, the procceds ahall
<br /> �• . . be applied to the sums secured by this Security Instrument whether or not the sums are then due,
<br /> "'' � If the Propeny is abandoned by Borrower,or if, after notice by Lcnder to Borrower that the condemnor offers to make an
<br /> '`�;�'' ' „.; award or settle a clalm for damages, Borrower fails to respond to Lendcr within 30 days after [hc date the notice is given,
<br /> �. Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums
<br /> .
<br /> �.'�i'' ' secured by this Securiry Instrument,whether or not thtn due. _
<br /> .''.` .�'iM<<� Unless l.ender and Bonower otherwise agree in writing. any application of proceeds ta princip�l shall not extend or
<br /> :� ",�? postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or changc the amount of such payments,
<br /> °%�:�:?�° 11. Borrower Not Rele�sed; Forbearance By Lender Not a WAiver. Extension of the tinie for payment or rnodification
<br /> s�,
<br /> F � • of amortization of the sums secured by this Securiry lnstrument granted by Lender to any successor in interest of Barrower shail
<br /> -:�;�`„�.,?� not operate to release the liability of the original Borrower or Borrower's successors in interest. l,ender shall not be required to
<br /> :t.�,:�. .�, commence proceedings against any successor in interest or refuse to extend time for payment or otherwise�nodify amortization
<br />-`�""� f' . • of the sums secured by this Securiry Instrument by reason of any demand made by the original Bonow•er or Borrower's
<br /> �,;�'t"'�."•'"` successors tn interest, �tny forbearance by I.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> _��t"�;�,y;,, exercise of any right or remedy,
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<br /> '��•:•'- �. �:_,. 12. Successors and Assigns Bound; Joint and Several Llability; Co-signers. The covenants and agreements of this
<br /> -:7'1Y�`,R;��'r"� Security Instrument shall bind and benefit the successors and assigns of L,ender and Borrower, subJect to the pravisions oi
<br /> -- �. W�.
<br />-�;`_F��-�, r pazagraph 17. Aorrower's covenants and agceements shall be joint and sevcral. Any Borrower who w-signs this Security
<br />==�;,� Instrument but dces not executc the Noce: (a) is co-si�ning tl�is Securiry Instrumcnt only to mortgage. grant and convey that
<br /> �-'��.'.�;��� Borrower's interest in the Propeny under the terms of this Securiry Instrumenr, (b) is not personally obligated to pay the sums
<br />°'.;�-_:±i���� secured by this Securiry Instrument;and(c)agrees that Lender and any other Borrower may agree to extend, modify,fo:bear or
<br />'��;,��� make any accommodations with regard to tlie terms of this Sccuriry[nstrumcnt or the Note without that Borrower's consent.
<br /> 13.Lown Chxirges.If the loan securecd by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> _��-�,.-�'.,,�� and that law is finally interpreted so that tha interest or other loan chazges collectcd or to be collected in connxtion with the
<br /> _,�:�,a;� loan excced the permitted limits, then: (a) any such loan chazge shall be reduced by the amount necessary to reduce the charge
<br /> _="-::T-=-`� to thc permitted limit and(b)any sums a!ready collected from Borrowcr which exceeded psrmitted limits will be re(unded to
<br /> "-� �::;.� Borrower, Lender may choose ro make this refund by rcducing the principal owed under the Note or by making a direct
<br /> -------- payment to Borrower. If a refund reduces principal, the reduction will be treated as a p:u�tial prepayment wiihout any
<br /> .-°�'°`�""'� prepayment chuge under ihe Note.
<br /> --����'°�' 14.Notices.Any notice to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailing
<br /> —_--'=Y�`��� it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Propeny Address
<br /> _._=�� or any other address Bortawer designates by notice to Lender, Any notice to L,cnder shall be given by first cl�ss mall to
<br /> �- «e,c.- L.ender's address stated herein or any other address I.cnder designates by notice to Borrower. Any notice provided for in this
<br /> "�"'�f�'3'-°.�;_ Security Instrument shall be dcemed to have becn given ro Borrower or Lender when givcn as providt�d in this paragraph.
<br /> '�`�'°'��� 15.Governing Law; Severabillty. This S�:curity Instrument shall bc govemed by federal law and the law of the
<br /> Y���— jurisdiction in which the Pro�eny is located. In the cvent that any provision or clause of this Security Instrument or the Note
<br /> =--"a""'��-`'� ' wnflicts with applicable law,such conflict shall not affcct other provisions of this Security Instrumcut or the Note which can be
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<br /> 17'""
<br /> ,. �..• given effect without the wnflicting provision. To this r.nd the provisions of this Securiry Instrument azid the Noce are dec at
<br /> � '.� ~ to be severablc.
<br /> - . ' , 16.Borrower's Copy. Borrower shall be given one rnnformed copy of the Nute and of tl�is Security lnstrument. _
<br /> . Form 3028 9190 =
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