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<br /> payments may no lungcr bc ccquircd,at thc option of Lendcr,if mortgagc insurance cavcragc(in thc amount and for thc period _
<br /> that I.endcr rcquirc.$)pravidcd by an insurcr approved by 1.cndcr again becomag evailablc and is obtaincd.Borrowcr shall pay thc _
<br /> rcmiums r uircd w maintain mort a c insurancc in effect, or W providc a loss rescrvc, until the rcquircmcnt for mortgagc � •
<br /> .. � P �1 68 I , ,
<br /> insurancc cnda!n accordnncc with any written agrcement betwcta Boaowcr and L.cndcr or applIcablc law. '`�i":
<br /> 4.Inspcetion. Lcndcr or its agent may make resuonable cntrics upon and inspcctions of thc Property. Lcndcr shall give � . ��
<br /> ��� ' ,'1===-•
<br /> Borrowcr nodcc at tho timc af or riar to an ins Uon s if in rcasonablc causc for thc in uon. V � s'�:��
<br /> _� P P� P� Y 8 � � . �'�=--__
<br /> 1Q.Co�ndemnatbn. The proceeds of any award or clafm for damegas, d'uect or consequenpal, in connecdon with any �_.:�.._
<br /> condemnadon or other toking af any part of the Property,or for canveyance in lieu of condemnadon,are hereby assigned andG,� ' ,�Y,�
<br /> -.,�w�:
<br /> shall be paid to Lcndcr. � � �:�
<br /> ' In thc cvent of a eotel taking of the 1'roperty,the procr,eds shall bc applied to thc sums securcd by this Security Instrumcnt,� ;;°�•�—
<br /> whcthcr or not thcn duc.with any exccss paid to Bonower.In thc cvcnt of a partial taking of the Property in whtch thc fair markc(� __--
<br /> valua of thc Property immcdiately bcforc thc taking is equal to or greater than thc amount of thc sums secured by this Securit}N ':�.'�
<br /> Instrument immediately beforc thc taking, unlcss Borrower and L.ender otherwisc agrce In wridng, the sums sccured by thi� ��';_�
<br /> ' Security Instrument shall be reduced by the amount of the proceeds mulqplied by the following fraction: (a)the total amount of ___
<br /> ihc sums secured immcdiately before thc taking, dividcd by (b) thc fair markct value of the Property immed3atcly bcfore thc
<br /> taking.My balance ahall be paid to Borrower.In the event of a partial taking of the Property in which the fair market value of the
<br /> �: Property iunmediatcly betorc the taking is less than the amount of the sums secured immcdiately before the taking, unless
<br /> ' Bocrower and Lendcr athcrwise agrcc in writing or unless applicablo law othcrwisc providcs,ihe procccds shall be applied to thc .
<br /> , � sums socured by this 3ecurity Instrument whcther or not the sums are then duc.
<br /> � If the Property is abandoned by Borrower, or if, aftcr nodcc by L.ender to aorrower that the condemnor offcrs to malce an
<br /> `�' award or scttle a claim for damages,Borrower fails to respond to Lender within 30 days after the date thc nodce is givcn,Lcndcr
<br /> is authorized to collect and apply the proceeds,at its option,either to restoradan or repair of the Property or to the sums secured _.
<br /> by�this Sec�uity Instrument,whether or not then due.
<br /> . Unless Lender end Borcower otherwise agree in writing,any applicaqon of proceeds to principal shaU not extend or postpone
<br /> the duc date of the monthly payments referred to in paragraphs 1 and 2 or changc the nmount of such payments. '��
<br /> � � 11.Borrower Not Released;Forbeurance By Lender Not a Waiver. Extension of the time for payment or modificauon ��_
<br /> ' of amortizaqon of ihe sums secure,d by this Securiry Insaumcnt granted by Lendcr to any suc:cessor in interest of Borrower shall
<br /> �` not operate w release the liability of the o�lginal Borrower or Boaower's successors in interest.Lender shall not be required to
<br /> � � commence proceedings against any successor in interest or refuse to extend time for payment or otherwisc mcxiify unwrtwitiui�uf
<br /> f,`
<br /> � � the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors �:
<br /> • � : in intcrest.Any forbcarance by Lender in exercising any right ar remcdy shall not bc a waiver of or preclude the excrcisc of any ���
<br /> � �. right or rcmedy. r
<br /> p 12.Successors and Assigns Boundi Jotnt and Several Listbility; Co•signers. T'he covcnants and agreemcnts of this -_
<br /> ` Security Instrument shall bind and bene�t the successors and t�.ssigns of Lender and Borrower, subject to the provisions of E"�°
<br /> �= paragraph 17. Borrower's covenanu and agreements shall be jolnt and several. Any Borrower who co-signs this Security ` —
<br /> x. Inswment but does nat exccute the Note: (a) is co-signing this Sccuriry Instrument only to mortgage, grant end convey that ._ _
<br /> �P . Bocrower's interest in the Property under the tcrms of this Sccurity Instrument; (b)is not personally obligatcd to pay�hc sums ��'
<br /> w� secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or = _
<br /> �� make any accommodations with regard to the terms of this Security Instrument or the Note without ihat Bonower's consent. __
<br /> ,. 13.Loan Charges. If the loan secured by this Sceurity Instrument is subject to a law which sets maximum loan charges,
<br /> � and that law is�inally interpreted so that the interest or other loan cherges collected or to be collected in wnnec6on with the loan C--
<br /> exeeecl the permitted limits. then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the
<br /> permiucd limit;and(b)anY sums already collcctcd from Borrowcr which cxccedcd pcm�iucd limits will be refunded w Bonower. --
<br /> Lender may choose to make this rcfund by reducing the principal owed under thc Note or by rnaking a direct paymcnt to
<br /> Borrowcr. If a refund reduces principal, the reducdon will be treatcd as a partial prepayment without any prepayment charge
<br />- undcr the Notc. �
<br /> • 14.Notices. Any nouce to Bonower provided for in this Security Instrument shall be given by deGvering it or by mailing it
<br /> by Cust cless mail unless appGcablc law requires use of another method,The nodce shall be d'uccted to the Propeny Address or�. ,.�r�
<br /> any othcr address Bonowcr designates by noucc ro L.cndcr.Any noticc to Lcndcr shall bc given by Cust class mail to Lcndcr'sJ r ___
<br /> ,� address stated herein or any other address Lender designates by nopce w Bonower. Any nodce providcd for in this Securiry . ��;:_��_�-_
<br /> Instrument shall be deemed to havc been given to Borrower or I.ender whcn given as provided in this paragraph. `�`��
<br /> �, 15.Governing Law;Severabilfty. 'This Sccurity Insuumcnt shall bc govemed by federal law and the law of the,.� � y�-��-
<br /> jurisdicdon in which the Property is located. In the evcnt that any provision or clause of this Se�uriry Inswment or the Note -��`"'�_�=
<br /> =-,y:
<br />- ; conflicts with applicable law,such conflict shall not affect otber provisions of this Security Instrument or the Note which can be �; ".,���'.''1:t
<br /> . given effect wilhout the canflicung provision.To this end the provisions of this Security Insirument and the Note are dalared to ���'f
<br /> � bc scverablc.
<br />- Form sozs s�eo
<br /> , �Q•BR(NE)(02t z)A� Pape a o�e inn�e�e�
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