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<br /> . payments may no longcr bc �cqulrcd, nt thc option of Lcndcr, if mortgagc insuruncc cvvcragc(in thc amount and far thc period __
<br /> that l.cndcr reyuucs) pruvicfcJ by an i,isure insurance in effe ta or to�provide�u loss reserve unt l he r�quirBue►t Cur n o�r gage
<br /> the premium.g requircd to maintain martgage _:-
<br /> insurance ends in accordance wich nny written agrcement betwcen Bonower and Lender ar applicable law.
<br /> ��,�, 9. Inspectton. Lcnder or its agent may make rcasonable entries upan and inspections of the Property. i.ender sh111 givc � Y�' �_
<br /> Aoaower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. ,:
<br /> 10. Condemnatlon. The pro�,eedasrtoof he Pro dtt r olr forf conveyance�In lieu of condemnai o�,are here6yt�asaign d and ' '�
<br /> concientnation or other taking of any p Pc Y� 1� �
<br /> shall be paid to I.ender.
<br /> In the event of a total taking of the Propeny,the proceeds shall be applied to the sums secured by this Security Inscrument, �
<br /> whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Propeny in which the fair
<br /> market value of the Pioperty immediately before the[aking is equal to or greater thani e aaree intwrit ng Sche sums secured by p
<br /> , Securlty Instrument immediacely before the taking,unless Borcower and Lender otherw g
<br /> this Security Instrument shall be reduced by che amount of the praceeds multiplied by the following fraction: ;a�ediately •
<br /> amount of the sums secured immediately before tl►e taking, divided by (b) the fair market value of the Properry
<br /> before the taking. Any balancc shall be paid to Boaower. In the event of a part9al taking of[he Property in which the fair
<br /> mazket value of the Property immediately before the taking is less than che amount of the sums secured immediately before the
<br /> taking, unless Bonower and Lender otherwise agree in wricing or unless applicable law otherwise provides, the proceeds shall .
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Aonower,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> ' { award or settle a claim for damages, Bonower fails to respond to Lender within 30 days after the date the notice is given. .
<br /> �� L e i i d e r i s a u t horized to collect and apply the proceeds,at its option, eichex to restoration or repair of the Property or to the sums —
<br /> � secured by this Security Instrument,whe[her or not then due. lication of roceeds to principal shall not extend or '
<br /> r Unless L.ender and Borrower otherwise agree in writing, any app P
<br /> postpone the due date of the montbly payments refened to in paragraphs 1 and 2 or change the amount of such payments. ��Y v
<br /> ' 11.Borrower Not Heieased;Forbairaice Ly L�nsler?vQt� We4yPr.Extension of the time for payment or modification _�
<br /> � of amortization of the sums secured by this Securiry Instn�ment granted by Lender to uny successor in interest of Borrowrr shaii
<br />- � not operate to releasc the liability of the original Boaower or Borrower�nd t me for i a�mentsor otherwi e�modify amortiza�fton �,�'�
<br /> cammence procee dings a�ains t a n y s u c ce s s o r i n i n t e r e s t o r r e f u s e t a e x t P Y _
<br /> ! of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's �_�__ _
<br /> � successors in interest. Any forbeazance by I.ender in eaercising any right or remedy shall not be a waiver of�r preclude the � —
<br /> , �, � exercise of any right or remedy. ___ _
<br /> r , 12. Successors and Assigns Bound; Jotnt nnd Several Liabil[ty; Co-signers. The covenants and agreements of this `
<br /> �-a Securiry Instrument shall bind and henefit the successors and assigns of Lender and Bonower, subject to the provisions of ��
<br /> � paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who w-signs this Security ,--:
<br /> �.' Instrument but does not execute the Note: (a) is co-signing this Securlty Instrument only to mortgage, grant and convey that _
<br /> ��� Borrower's interest In che Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums _-
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<br /> . s. secured by this Security Insuument;and(c)agrees that Lender and any other Borrower may agree to extend, modify,forbeaz or _
<br /> n' make any accommodations with regazd to the terms of this Security Instrument or the Note without that Bonower's consent. F.
<br /> 13.I.oan Charges• If the loan secured by this Security Instrument is subject to a law wh{ch sets maximum loan charges,
<br /> '� and that law is finally interpnted so that the interest or other loan charges collected or to be collected{n connection with the �;'�_--
<br /> ` loan exceed the pernutted limits, then: (a)any such loan chazge s1�a11 be reduced by the amount necessaiy to reduce the charge
<br /> to the permitted limit; and(b)any sums alre�dy collected from Borrower which exceeded permitted timits wlll be refunded to �A±
<br /> � Borrower. Lender may choose to make this refund by reducing che principal owed under the Note or by making a direct
<br /> ;, payment to Borruwer. If a refund reduces principal, the reduction wili be treated as a partial prepayment without any
<br /> prepayment chazge under the Note. �._,,
<br /> 14.Notices. My notice to Borrower provided for in this Security Instrument shall be given by delivering it or by maDing �.;�.��
<br /> i[by firs[class mail unless appltcable law requires use of another method.The notice shall be directed to the Property Address _.�,:�__
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given �y first class mail to -
<br /> Lender's address stated herein or uny other address Lender designates by notice to Borrower. Any notice provided for in this -_
<br /> Security Instrument shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. .��.�;;�.
<br /> 15.Governing Law; Sevembility. This Security Instrument shall be govemed by federal law and thc law of the ;;�,;;��
<br /> jurisdiction 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 luw,such conflict shall not affect other provisions of this Security Instrument or the[Vote which can be
<br /> given effect without the conflicting provision. To this end the provisions of this Security[nstniment and the Note are declared
<br /> to be scverable.
<br /> lfi.Borrower's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form� 8 91 0
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