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<br /> • 98- 113479
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<br /> ' pay�ncrsls may r�o longer be requircd,ut e option of L�:nder, if mortgage insurnnce co ragc(in the amount and for thc peric�d
<br /> that i.ender requires)provided by an Insurer appraved by Lendcr again becoines avnilable and is obtaincd.Dorrower sh�ll pay
<br /> thc premiums required tc�malntain mongage insurancc in cffect,or to providc a loss reserve, until ttte requiremcnt for mongagc
<br /> insurance ends in accardance with uny written agreernent between Barrower and Lender or applicable law.
<br /> 9. Inspectlon. l.ender or its agent may make re:uonable enlries upon and inspections of the Property. Lender st�all give
<br /> Borrower noticc at the tin�e of or prior to an inspection specifying reasonable cause for thC inspectian.
<br /> 10. Condemnatlon. The proceeds of any award or claim for damAges, direct or consequenti:►1, in connection with nny
<br />' condannation ur otfier tuking uf any part of thc Property, or for convcyancc in licu of catdcmnation, arc hcrcby assigncd and —
<br /> shall be paid to Lender.
<br /> In thc event of u tot�l taking of the Propeny,ihe procecds shall be applied to the sums sc�ured by this Security Instrument,
<br /> whether ar not then due, with any exccss paid to Boaower. In the evcnt of a panial taking of�he Propcny in which the fair
<br /> market value af the Propeny imrnediately before the taking is equ11 to or greatcr than the amount of the sums secured by this
<br /> Security Instrument immediate�y before the takfng,unless Borrower and Lender otherwisc agr��e in writing,�he sums ucurai by
<br /> this Security Instcument shall be reduced by the amount of the proceeds multiplied by the following fr�ction: (a) the total
<br /> amount of the sums secured immediately before the taking, divided by (b)the fair market value of the Property immediately
<br /> befor�the taking. Any balance shall be paid to Bonawer. In the event of a partial taking of the Propeny in which the fair
<br /> market value of the Property immedi�tely before the taking is less than the amount of the sums securcd icnmcciiately bcfore the
<br /> taking,unless Bonower and Lend�r otherwise pgree in writing or unless applicable law otherwise providea,the proceeds shall
<br /> be applicd to the sums secured b,y thia Security Instrument whether or not the sums are 4hen due.
<br /> If the Propercy is abandoned by Borrower, or if,after notice by l.ender to Borrower that the condennnor offers to m�ke an
<br /> award or settle a claim for damages, Borrower fails to respond to [xn�lrr witliiu 30 �uys after ihe date thC nutice is giveo,
<br /> Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sumx
<br /> secured by this Security Instrument. whether or nut then due.
<br /> Unless Lender and Borrower otherwise agtee in writing, any application of p�oceeds to principal shall not e�tend or
<br /> postpone the duc date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such p�yments.
<br /> Il. Borrower Noi Rdeu.sed; Forbearaace By Lender Not a Wwiver.Extension of the time for payment or modification
<br /> of amortization of the sums socured by this Security I►utrument granted by L.ender eo any successor in interat of BDrrower shall
<br /> not operate to nlease the liability of the original Borrower or Borrower's successors in in�erest. Lender sh�ll na be requirod to
<br /> commence proceedings against any successor in intecest or refuse to extend time for payment or otherwise modify amonization
<br /> of the sums secured by this Security Instrument by re�son of any demand made by the original Borrowec or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall noc be a waiver of or preclude the
<br /> exereise oi any rign�or nmcxiy.
<br /> 12. Successors and As.stgas Bound; Joint Aed Several 1.tability; Co-stgnars. The covenants and agraments of this
<br /> Security Instrument shall bind and ben�fit the successors and assigns af Lender and Borrower, subjeet to the provisions of
<br /> pazagraph 17. Borrower's covenants and agrcements shall be joint and several. Any Botrower who co-signs this Savrity
<br /> Instrument but does nat eaecute tha hote: (a)is co-signing this Security Instrumcnt only to mortxage. grant u�d convey thu
<br /> Borrowar's interest in the Property under the terms of this Security Instrument; (b)is not personally obliguod to pay the sumc
<br /> sxured by this Security Instrumenr.and(c) agrees that L�ender and any other Borrower may agree to eatend,cnodify,forbear or
<br /> mal•e any accummoduions with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.Laon Ciw►ges.If the loan secured by this Security Insttument is subjcct to a law which sets muimum loan chuges,
<br /> and that law is Gnaliy interpreted so that the interest or other loan chuga collected or to be collected in conn�etiun with the
<br /> loan eaceed the permi.ted limits,then: (a)any such loan charge shal!be reduced by the amount riecessary to reduce the charge
<br /> ro the pertnitted limit: and(b)any sums already collected from Borrower which exceeded permitted limiu will be refunded to
<br /> Borcower. Lender may choose to make this refund by reducing the pri►xipal owed under the Note or by making a dirett
<br /> payment to Borrower. If a refund reduces princiqal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charg�under the Note.
<br /> 14.Notkes. Any notice to Borrower provided for in this Security Instrumcnt shall br given by de[ivering it or�y mailing
<br /> it by Cirst class mail uniess applicable law requires use of another methai.The notice st�all be directed to tho Properry Address
<br /> or :uiy othcr addr�ss Borrower designates by notic� to Lender. Any notice to Lender shali be given by fitst clus mail to
<br /> [xrxler's addtess stated herein or any other addrcss Lender designates hy notic�to Borrower. My notia provided for in this
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender when given as pruvided in this puagraph.
<br /> I5.Governiog Law; Seveeability. This Sccurity instrument sriall be govemed by fedtral law and the law of the
<br /> jurisdiction in which the Prop�eny is located,[n the e�ent that any provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable law. such conflict shall not affeet other provisions of this Security Instrument or the Note which can be
<br />_ given effect without the contlicting provision.To this end the provisions of this Securiry Instrument and the Note ara declared
<br />– to bc severablc.
<br />- 16. Barrower's Copy. Borrower shall be given one conformed cony of the Note and of this 3ecuriry(nstrument.
<br />- Fwm 3028 9190
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