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<br /> : 98- ��.2593
<br /> payments muy iw long�rbe requirecl, at tho option of I..cndcr,if mortgugc insurancc coveru�c(in thc umount und far thc perfod
<br /> that Lender rcquires)providctl by an insurcr approved i►y Lcixlc�aguin bea�mcs uvailablc und is nbt:►incd.f3arrowcr xhull pay
<br /> the premium.r•requircJ tomaimain nwrtgege insurance in effect, ar ta provide u loss rescrve,unt+l ihe rcyuir�mm�t f'or mnngugc
<br /> insurunce ends in uccor��c�e with uny written ugreement benveen Borrower nixl Lender ar upplicahle law,
<br /> 9, Inspectl�n,Lcndr.r or its ugent may muke reusonuble entries u�n und iaispectians of the Propcny. Lender shull givc
<br /> Bnrrowcr noticc at thc timc of or prior to un inxpection s{xcifying rcasonablc causc[nr thc inspcction.
<br /> 10. Condemn�t[.on,The prnceeds of uny uward or clnim for dumages, direct or consequentiul, In comiectiun with uny
<br /> coixlcmno�ion or�[her i�ting of nny part af thc Propcny,or for convcynnce in licu of condcmna�ion,iire hcrcby asslgned►uxl
<br /> shall be paid to L.ender.
<br /> In the event of a edil taking of the Property,the proceeds shall be upplied to the sumti secured by this Securiry instrument,
<br /> whethar or not then due,with any cxcess paid ta 8<irrowcr. In thc event of a pnrtial tuking of thc Aropcny in which the fuir
<br /> market vuluc of the Praporty immediately bcforo the tuking is equal to or greuter than the anwunt ut'the sums secured by this
<br /> Sccurity Tnstrumcnt in�mcdi ately before thc taking, unless 8orrowcr anJ[.cndcr othcrwisc agree in writing,the sums secured by
<br /> this 5ecurity Instrum�ntst�all be reduced by the amount of the proceais multiplied by the following fraction: (u) the totnl
<br /> amount of thc sums s�ecured immcdiately before the taking, dividcd by (b) thc fuir markct valuc of d�c Property inunediatcly
<br /> befare the taking. Any bal ancc shall be paid to Borrower. Tn the event of a panial tuking of the Property in wiiich the fair
<br /> market value of the Properey immedis�tely tx:fore the taking is Iess than the amount of thc sums sccured immediatcly before the
<br /> taking, unless Borrowerand Lender otherwise agree in writing ur unless applicable law otlier�vise provides, the proceecls shall
<br /> be applied to the sums stcu red by this Securiry Instrument whcthcr or not the sums are then due.
<br /> If the Property is�bandoned by Borrawer, or if,after notice by I.ender to Borrower that the condemnor offrrs to make an
<br /> award or scttle a cluirn(or damages, Borrower f�ils to respond to Lender within 30 days after the dato the notice is given,
<br /> � Lcnder is authorized taroliect and apply thc procceds,at its option,either to restoration or rcpairof the Property or to the sums
<br /> secured by this Securitylnstn�ment,whethcr or not then due.
<br /> Unless Laider and Borrower othe►•wise agree in writing, any application of proceeds to principal �hall not extend or
<br /> post�ne the due datc ofihe monthly payments refcrred to in paragruphs l and 2 or change thc amount of such payments.
<br /> 11. Borrower 1votRcleased;Forbeurance By I.ender Nnt a Walver. Extension of the time for payment or madification
<br /> of amortization of the sums secured by this Security Instrwnent granted by I.ender to any successor in interest of Borrower shall
<br /> not operate to release the I iability of the original Borrower or Borrower's successors in interest. Lender shull not be required t�
<br /> commcnce procecdingsagainst any successor in interest or refuse to extend time for payment or otlierwise modify amortization
<br /> of thc sums secural Dy tliis Sccurity Instrument by reason of any demand made by the original Borrower or fiorrower's
<br /> successors in interest. Any fnrM�nrunce by L;.nJer in exercising any right or remedy shal!not he a wniver of or preclude the
<br /> �,;es:,�A�g��,;rioht evrcrnedy.
<br /> 12. SuccGSSOrs aid Assigns Bound; Joint and Several Uabflity; Casigners. The covenants and agreements of tnis
<br /> Security Instrument slull bind und benefit the successors and assigns of Lender and Borrower,subject to the provisions of
<br /> ' paragraph 17. Borro��ir's covenants and agreements shall�be joint and several. Any Borrower who co-signs this Security
<br /> Instrumer�t but dcxs na e xecute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and comey that
<br /> Borrower's intcrest in ihe Property under the terms of this Securily Instivment; (b) is not personally obliguted to pay the sums
<br /> secured by this Security[nstrumenr, and(c)agrees that Lender anJ 1ny other Borrower may agra to extend, modify,forbear or
<br /> make uny accommodatrons with regard to the tenns of this Securiry Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges, If the loan securcd by this Security Instrument is subjcct to a law which sets maximum loan charges,
<br /> und that law is final[yint�rpreted so that the intcrest or other loan charges collected or to be collected in connection with the
<br /> loan exceed the permitttd limits,then: (n)any such Inan charge shall bc reduced by the umount nea:essary to reduce the charge
<br /> to the permittecl limit;and(b) any sums already colfecteci from Borrower which exceeded permitted limits will be refunded to
<br /> Borrower. Lender rnay cliaose to make this refund by reducing the principal awed under the Note or by making s direct
<br /> payment to Borrower.if' a refund reduces principal, the reduction will be; treated as a panial prepayment without uny
<br /> prepayment charge und�r the Note,
<br /> 14.Notices.Any notice to Borrower provided for in this Securit,y Instrument sliall be givcn by delivcring it or by mailing
<br /> it by first class mail udcss npplicable luw rcquires use of anothcr method. The notice shall bc dirccted to the Property Address
<br /> or any othcr add��.ss Borrower designates by notice to I..cnder. Any notice to L.cnder shall bc givcn by first class mall to
<br /> Lender's address stated herein or any other address Lendcr designatcs by notice to Borrower. Any notice provided for in tliis
<br /> Security Instrumcnt�lull be deemcd to I�avc been given to Borrawcr or Lender when givcn as pro�ided in this paragraph.
<br /> 15.Gover�ring L�w; Severabllfty. This Security Instrument shall be govcrncd by fcdcral law und the law of thc
<br /> jurisdiction in which�he Property is loc�ted. in tl�e event that any,provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable taw, such conflict shall not affcct other provisions of this Security instrwnent or the Note which can be
<br /> given effect without tk conflicting provision. To this end the provisions of this Security Instrument nnd the Note are declared
<br /> to be severuble.
<br /> 16.1�orroN'er's Copy.Borrower shnll be given one conformecl copy of the Note and of this Security Instrument.
<br /> form 3028 9190
<br /> Pape�ol 6
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