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<br /> + paymcnts may no tongcr bc rcquircd, at thc opuon of Lcndcr, if mortgagc insurancc covcrAgc(in thc amount and for thc period , -
<br /> l that L.cndcr requlres)providcd by an insurcr upprovcd by Lcndcr agein becomas availablc and is obtaincd. Bonowcr shall pay Ihc _
<br /> prcmiums requlrcd to msuntain mortgagc insurancc in effcct, or to providc a loss rescrvc, unul thc rcquiremcnt for mortgag� �,,
<br /> I insurancc ends in accordancc with any wriucn agrccmcnt betwecn Bonowcr and L.cnder or applicablc law. ���r'�i•
<br /> � 9.Ynspection. l.cndcr or i�v agent may makc rcasonnblc entrics upcm and inspcctions of thc Property.Lcndcr shall givc I
<br /> :c,,��:_
<br /> i Borr�wcr noticc at thc ume uf ur prior w an inspccuon spccifying rcasonablc causc for d�c inspccuon. �A ` :_
<br /> I 10.Condemnation. The proceeds nf any award or clajm for damages, d'uect or consequential, in connecpon with any M.i . ,;�;r`
<br /> ' cundcmnation or other taking of any part of the Propeny,or for conveyance in lieu of condemnatioc►,are hereby sssigned and Mi
<br /> �
<br /> shall bc paid w l.cndcr. .-�.'4�
<br /> In the cvent of a total talcinB of thc Property,thc procecds shall bc applied to the sums securul by this Sccurity Instrumcnt, � •N._�._�
<br /> � whether or not then duc,wiih any cxcess paid to Borrowcr.In the evcnt af a partial takin8 of thc Propeny in ti�hich Ihe fair market � -
<br /> valuc of thc Property immcclietely before the taking is equal to or greater than the amount of the sums sccurcd by this Security
<br /> � Instrument immediately beforc thc taking, unlcss Bonowcr and Lcnder othcrwisc agrec in writing, the sums secured by this
<br /> � Sccuriry Instrumcnt shall bc rcduccd 6y thc amount of thc procccds multiplicd by thc following fraction: (a)ihe wtal amount of
<br /> thc sums secured immcdiatcly before thc taking, dividcd by (b) thc fair market valuc of thc Property immediatcly beforc the
<br /> ` taking.Any balancc shall bc pttid w Borrowcr.In thc evcnt of a partial taking of the Property in which the fair market value of the •
<br /> '� Property immediatcly before ihc taking is less than the amuunt of thc sums sccured immetliacely before the talcing, unless � ;�•-
<br /> YI Borrower and Lcnder otherwise agree in writing or unless applicable law otherwise provides,the procecds shall beapplied to the `
<br /> sums secured by ihis Security InsWment whether or nat the sums arc thcn duc. "`_
<br /> If thc Property is abandoncd by Bonower,or if,after notice by Lendcr to Borrowcr that the condemnor offcrs to makc an
<br /> award or sculc a claim for damagcs,Borrower fails to respond to Lender within 30 days aftcr the datc the notice is givcn,Lendcr _
<br /> is authorized to coAect and apply the proceeds,at its option,either to restoradon or repair of the Property or to the sums secured
<br /> by this Security Instrument,whethcr or not then due. rinci al shall not extend ar postponc �.
<br /> Unlcss Lender and Bonower othcrwise agrec in writin8��Y aPPU�don of proceeds to P P :,
<br /> � thc duc date of the monthly paymcnts refcned to in paragraphs 1 and 2 or change the amount of such payments. �;:�.
<br /> 11.Borrower Not Released;F�rbearance By Lender Nnt a Waiver. Extension of the ame for payment or modificaaon �� �
<br /> of amortization of the sums secured by this Socurity Insirumer�t granted by Lender to any successor in interest of Bonower shall �
<br /> � not operate to release the liability of the odginal Barrower or Borrower's successors in interesG L.ender shall notbe required to ,..�,.r
<br /> commcnce proceedings against any successor in interest or refusc to cxtend time for paymcnt or otherwis�modify amortizadon of 4.,,
<br /> �tte sums secured by ihis Security lnsttument by reason oi any dui;i��d madu by tlic oriEinal Bon^17er or Borrowcr's successors _ _ _,-;,_V
<br /> in interest,4ny forbearance by Lender in exercising any ri8ht or remeciy shall not be a waiver of or preclude the exercise of any �v,,.
<br /> �� �1.�_
<br /> right or rcmedy. , °'
<br /> 12.Successors and As.9igns Bound;Joint and Several Liabil�ty; Co-signers. 'Ihe covenents az►d agreemcnts of this �':,i '•`; �r�
<br /> Securiry Instrument shell bind and benefit the successors and assigns of Lender and Boaower, subject to tbe provisions of ,..��f,:. .
<br /> psuagraph 17. Bonower's covenants and agrecments shall bc joint and several. MY Banower who w•signs this Security �_
<br /> ' Instrument but dces not execute the Note: (a)is co-signing this Security Inslrument only co mortgage. grant end wnvey that
<br /> Bonower's interest in the Properry under the tcrms of this Security Instrument;(b) is not person a l ly o b l iga t e d w pay t he su m s
<br /> secured by this Security Insaument; and(c)agrees that Lender and any other Bonower may agree to extend,modify,forbear or ___���_
<br /> make any aecommodations with regard to the terms of this Security Instrument or the Note without that Borcower'sconsent. r_r�z-_�
<br /> 13.Loan Charges. If the loun secured by this Security Instrument is subject to a law which sets maxutr�um Loan charges, - ,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to b�wllected in connecdan with the loan �'-�.�.,�.
<br /> exceed the permiucd limits.Ihen:(a)any such loan charge shall be rcduccd by the amount necessary to reduce U�c charge w the �• .A�,�,_
<br /> � permitted limit;and(b)any sums already collected from Borrower which exceeded pemi�tted limits will be refunded to Borrower. �..•_�;.�,
<br /> Lender may choose w make this rcfund by reducing the principal owed under the Note or by meking a d'uect payment to :`�y�__ _
<br />_ � Borrower. If a refund reduces principal, the reduction will be ueated as a partial prepayment without any prepeyrnent charge _,�i�".�_
<br /> ¢ under thc Notc. . .-'�'-�'�-
<br /> 14.Notices. Any notice to Borrowcr provided for in this Security Insuumcnt shall be g�ven by dclivcring it or by mailing it �•_���_---
<br /> by first class mail unless applicable law requires use of another method.The notice shall be directed to the PropeRy Address or ��:____
<br /> any other address Borrower designates by noqce co Lender. My noace to Lender shall be given by Cirst class mail w Lender's ;,.,., :°: � ,� _
<br />= address stated herein or any other address Lcnder designates by nodce to Bonower. Any nodce provided for in this Security ••,. . ������`�.._
<br /> - Instrument shall be deemed w have Ueen givcn to Borrower or Lcndcr when given as provided in this paragraph. '» :. y..• .
<br /> - fcderal law and Ihc law of thc �"' -
<br /> 15.Governing Law;Severability. This Sccurity Instrumcnt shall bc govcrncd by � � a�=• •
<br /> � jurisclicuon in which the Property is located. In the event that any 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 Instrument or ihc Nae which can bc ''���•
<br /> given cffect without thc conflicling provision.To this cnd the provisions of this Sccurity Inswmcnt and the Notc arc dcclarcd to
<br /> bc sevcrablc. '
<br /> Form3028 9/E0
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