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<br /> 98- 11z���s
<br /> � paymems nuy no longer bc requircA, at thc opti�n of L,cndcr, if n�ortgagc insurancc covcrage (in�hc amounc and for dic period
<br /> that Lcr�ler requires)pmvidcd by nn insurer approvcd by l.cndcr again 6ccomes availablc and is obtained.Borrower shall pay ihe
<br /> premiums ttquired to maintain nwrtgage insurance in effect, or to provide a loss reserve, un[i! thc requirement far mortgage
<br /> insurance ei�ds in accordance with any written agreemenc be[ween Borrower and L,ender ar applicablc law.
<br /> 9.I�specHon. Lcnder or its agent may makc reasonablc entries upun and inspcctions of thc Properry. Lc;nder shnll givc
<br /> Borrower noAce at the time of or prior to an inspection spcci'tying reasonable cause for die inspcction.
<br /> 10,Condemn:►tion. The proceeds of any award or cluim for damages, direc[ or consequential, in co�inectian with any
<br /> coixicnuiation or othcr taking of any part o(thc Properry, or for convcyancc in licu of condcmnaiion,arc hcrcby assigned and �
<br /> shaU be paid to L.ender. ,
<br /> [n ihe event of a total taking uf tha Property,the proceeds shall be Applied to the sun:s secured hy tliis Securi[� Inscrumen[,
<br /> whethcr or not thcn due, with any excess paid to Borrower. !n the evcnt of a partial taking of the Proper[y in which the fair markat
<br /> value of the Properry immediately before tha taking is equal to or greater than the amoun[of the sums secured by this Security
<br /> lnstrument immediately beforc the taking, unless Borrower and [.endcr otherwise agree in writing, thc sums secured by this
<br /> Security Instrument shall bc rcduccd by thc amount of thc procccds multiplicd by the following fraction: (a) [hc tou�!amoun�of -
<br /> the sums secured immediatcly before the taking, divided by (b) the fair market value of die Properry immediately before the
<br /> taking.Any balance shall be paid to Barrowcr. In the event of a partial[aking of che Property in which thc tair market value of the
<br /> .
<br /> Propetty immediately before the taking is less than the amount of the sums secured immediately before [he taking, unlcss �
<br /> Borrower and L,cnder otherwise agrce in writing or unless applicable law otherwise provides, the proceeds shall be applied [o[he
<br /> sums secured by�his Sr.curiry Instrumen[whether or not the sums are then due.
<br /> If��e Proper[y is abandor�ed by Borrower, or if, aRer notice by Lcnder to Borrower that the condemnor offcrs to make as� —
<br /> award or settle a claim for damages, Borrower fails�o respond to Lender within 30 days after[he date the n.o[ice is given, Lender �
<br /> is authorized to collect and apply�he proceeds, at its optian, either to restoration or repair of[he Property or tu the sums secured
<br /> by chis Security instrument,whether or not then due.
<br /> Unless I.ender at�d Borrowe�olherwise agree in writiug, any application of prceeeds to principal shall not extend ur postpone
<br /> the due date of the monthly payments referred to in paragraphs 1 and 2 or change the am�un[of such payments.
<br /> il.Borrower Not Released;Forbearance By Lender Not p Waiver. Extension of the cime for payment or modification
<br /> of amortization of the sums secured by this Security lns[rumen[granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liability of tbe original Borrower or Borrower's succcssors in interest. Lcnder shall not be required tu
<br /> comrnence prceeedings agatnst any successor in interest or refuse to extend time for pa�n�ent or otherwise modifjr�mortization of
<br /> tlx sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's su�cessors
<br /> in interest.Any forbearance by Lender in exercising any right or renxdy shall not be a waiver of or nreclude the exercise of any
<br /> right or remedy.
<br /> 12,Successers ond Assigns Bound;Joint and Several l.iability; Co-stgners. The covenants and agrcements of this
<br /> Securiry Irotrument shall bind and beneti[ [he successo:s and assigns of L.ender and Borrower, subject to the provisions of
<br /> paragraph l7. Borrower's covenants azxl agreements shall be joinc and several. Any Borrowor who co-signs this Securiry
<br /> Instrument but does not execute the Note: (a) is co-signing this Securiry lnstn�ment only to mortgage, grant and convey that
<br /> Borrower's interest in thc Property under [he ternu of this Sccuriry Instrument; (b) is not personally obligatcd to pay the sums
<br /> secured by this Securiry Instrumenr and(c)agrees that[.ender and any o[her Borrower may�giee to eatend,mudify, forbear or
<br /> ma3ce any accommodations with regard to tho terms of dus Securiry Instrument or the Note without that Borrower's consent.
<br /> 13.I.o�n Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and ttut law is finally interpret�d so that the interest or othec loan charges collected or to be collected in connection with the loan
<br /> exceed the permitted limits, then:(a) any such loan charge shall be reduced by the amount nec�ssary to reduce the ctiarge to the
<br /> permined limir and(b)any sums already collected from Borrower which exceeded permitted limits will be rafunded to Borrower.
<br /> l.ender may choose tu make this refund by reducing the principal owed under the Note or by making a direct payment to
<br /> Borrower. If a rcfund reduces principal, thc reduction will be treated as a partial prepayment without any prepaymen[ chargc
<br /> wxler�he Note. —
<br /> 14.1Votices. Any notice to Borrower provided for in this Security Instrument shall be:given by dclivering it or by mailing it
<br /> by fint class mail unless applicable law requires use of another method. The notice stiall be directed to the Property Address or
<br /> any oiher address Borrower designates by notice to I.ender. Any notice to Lender shall be given by first class mail to I.ender's
<br /> �ddress stated herein or any other address I.ender designates by notice to Borrower. Any notice provided !or in this Security
<br /> Inctrument shaq be deenxd to have been given to Borrowcr or l.cnder when givcn as provided in[his paragraph.
<br /> 15.(',overning Lyw;Severabifity. This Security lnstrument shall be governed by federal law and the law of the
<br /> .jurisdiction in which the Property i� located. fn the event that an/ provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable law, such conflict shall not affect othcr provisions of this Security Instrumen[or the Note which can be
<br /> given effect without the conflicting provision.To this end the provisions of this Security Inst[ument and the Note are declazed to
<br /> be severable.
<br /> Form 30��l90
<br /> ^ ��R(NE) t9flJ10l H�c 1016 Inuuh:
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