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<br /> °?.'>��:i,�. . .. RE�R�coROEO 98— �11291'7 98-- �113b2
<br /> � � payinontG may no longcr bc rcquired,nt the option af I..cndcr, if mortgagc insuranca covcrwge (in the arnount and for the pedod �
<br /> < .,.. ,� �
<br />_ •, ,,,,� that Lender rcquires) providcd by un iasurer npproved by Lender again becomes availnble nnd is obtained. Borrower shall pay
<br /> i` the prcmlums requlrcd to maintain mortgagc insurance In effect, or to provide a la�s rescrve, until the rcquirement for mongage
<br /> - �- '• .� insurance ends in accardance wlth any written agreement between Borrower and I.ender or applicable law,
<br />-'' 9, In9pectlon, Lcnder ar its ngent may makc rcnsonable�ntdes upon and inspecdons of the Property. l.endor shall give
<br />__ •• , � Borrower notice at the tiinc of or prior to an inspcction specifying reasanable cnuse for th�inspection, �-
<br /> 10, Condemnatlon. The proceeds of any nward or claim for damages, direct or consequential. in com�ution wich any
<br /> .�,,.,. � condemnaeion or otlier taking of any part of the Propcny, or for conveylncc in lieu of condcmnation, nrc hereby nssigned and e_
<br /> ��� ��• ''` shall bc paid to l.endcr.
<br /> ` � In the evcnt of a total taking of thc Property, the proceeds shall be applied to the sums secured by thls Socurity Instrument,
<br />-,.�, .' =_ .
<br />`�y � whether or not then due, with any excess paid to Borrowcr. Iu the event of a partial taking of thc Property in which the fair
<br />�;�„p,�__� market valuc of the Propeny immediately beforc thc taking is equsl to or greater thnn thc amount of the sums secured by thi�
<br /> Security Instrument immediately bcfore the taking,unless Borrower and Lender otherwise agrec in writing, thr,sums secund by
<br /> - � this Security lustrument shall be reduced by the amount of the proceeds multiplied by the following fraction; (a) the total
<br /> :t w�.•�,�?,�,�. � amount of the sums secured immediatcly before the taking, divided by (b) the fair market valuc of the Propeny immediately
<br />��.•?�:;,'� ., before the taking. Any balance shall be pald to Borrower. In the event of a partial taking of the Property in which the fsJr
<br /> ;i`*;�'.''• market value of thc Property immediatety beforc the taking is less than the amount of die sums secured immediately beforo the
<br /> r�,'�,��'•
<br />�s.,=� •. taking,unless Borrowcr and Lender athcrwise agree in writing or unless applicable law otherwise providcs, thc proceeds sh�ll
<br />"'�:N�� be applied co the suins secured by thls Security Instcument whether or not the sums are then due,
<br />=�'�?�'ri� • If the Property is abandoned by Bortower, or if, after notice by Lender to Borrowcr that the condemnor offers to make an
<br /> ,�..
<br />=?:�;1�:'>::��.".. award or settle a claim for damages, Borrower fails ro respand to Len�cr within 30 days after thc date the notice is glven,
<br />'"`�: Lender is authoriud to wllect and apply the prceeeds,at its option,either to resroration or repair of the Pr�perty or to tha sums _
<br />-�:. �,;�
<br />;%����-`� sxured by this Security Instrument,whcther or noc then due.
<br />������'=?- Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />���� postpone the due date of the monthly payments referred to in pazagraphs 1 and 2 or change the amount af auch payments.
<br /> r� � 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Bxtension of the time for payment or modification
<br />;�'��, • of amortizallon of the sums secured by this Securiry Instniment granted by I.ender to any successor in interest of Borrower shdl
<br />�:,�i:'� not operate ta release the liability of tlie arjginal Borrower or Borrower's successors in interest. L.ender shall not be requirod to
<br />-=�;,t�,, commence proceedings agatnst any successor in interese or refuse to extend time for payment or otherwise modlfy amortization
<br />-=�t•�.t��:..,�� ' of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> -:t�u;�?,�
<br />�V�,,,R successors in interest. Any forbearence by Lender in exercising any right or remedy shall not be a waiver of or pnclude the
<br />�--=-- — exercise of any righi or cC�ucdy.
<br /> v�ii`-. 12. Successnrs and Asslgns Bound; Joint and Several Liabil[ty; Co-slgners. The wvenants end agrxments of this
<br />",�`rLL�"�:, Securiry Instrument shall bind and benefit the successors and assigns of Lendtr and Bonower. subjxt to the provisions of
<br />�...�,.a�S
<br /> paragraph 17. Honower's covenants and agreements shall be Joint and several. Any Borrower who co-signe th s u ry
<br />��'"''�''� instrument but daes not ezecute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey thu
<br />�'��?`!�;�«� � Bonower's interest in the Property under the terms of this Security lnstrumenr (b)is not personally obligated to pay the aums
<br /> "='_���� secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modlfy,forbear or
<br /> -_=�•`•'���� make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> — =�9��'��� 13. LoAn Charges. If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan chargea,
<br />;a`;�, and that law is finally interpreted so that the interest or other loan chazges collected or to be collxt�d in co�xtion with the
<br />-�"��:� loan exc�ed the permitted limits, then: (u)any such loan charge shall be reduced by the amoant necessary to reduce the charge
<br /> -".`� ro the permittal limit; and(b)any sums already wllected from Borrower which excaded permitted limits will be refunded to
<br /> _.��`.:��� BoiY•ower. I.tinder may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br />==�""�=�?°�`�� payment to Borrower. If a refund reduces principal, the reduction will be treated as a partfal prepayment without aay
<br />_=_�-������� prepayment charge under the Note.
<br />�!?�'�'��� 14. Notices.Any notice to Borrower provided for in this 5ecurity Instrument shall be given by delivering it or by mailing
<br />-*++��a���� it by first class inail unless applicablc law requires use of another inethod. The notia shall be dirated ro the Properry Addras
<br />�_ ��s`'�
<br /> or any other address Borrower designates by notice to Lender. Any uotice to Lender shall be given by �rst class mail to
<br /> v_��,!_, Lender's nddress stated herein or any other address Lender designatcs by notice to Borrower, Any notice provided for in this
<br />-���=;"`�� Securiry Instrument sltall be deemcd to have bcen given to Borrower or L,ender when given as provided in thls paragraph.
<br /> =—',r 3_��
<br /> _ =—�;«— IS.Governing Law; Severability. This Security Instrument shall be govemed by federal law end the law of the
<br />_�-�°�^� jurisdiction in which the Propercy is located, In the event that any provision or clause of this Security Instrument or the Note
<br /> .._..�.�_�,,,�.
<br />�-'"�;�Y� conflicts with applicable law,such conflict shall not affect other provisions of this S�curity Instrument or the Note which can
<br />=" �r�= �' given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are dxlarai
<br />_.: :;'.;"�T:.�r��
<br /> <. .'•_::F to besevcrable.
<br />_'� • 16. Borrower'�Gopy. Borrower shall be given one conformed copy of the Note and of this Sccurity Instrument.
<br /> e •
<br /> � ' ' - Form 3028 8190
<br />: �•6RINE1 isz�x�.oz Pope 1 0l 0 iNU.i.:
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