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<br /> ` c ;." ; ' pay�nu may no ioitger be required.az the option of I.ender.if mongage insurance coverage(in the amount and for the periad ;s��` y •
<br /> '4 a F y-f 1.� �g `_ , � .' k,.
<br /> ,�xz.�� �•g t�at I.erider requires)provided by an insurer a�prrn+ed by Lender again bernmes available an�is obtained.Borrower shall pay ..
<br /> -'`� �',° ` � F� = t!►e t+emiva�s n�uired to maintain mortgage insarance in effect,or to provide a loss reserve.until the�uiremet�t for mortgage � ��; �` ^ --
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<br /> �_ � :" a:�• insuracice en d s in accordance with an y written agreement between Bo�wer and L.ender or applicable law. � '�
<br /> � . � Lender shall ve l '` `,.��k� .
<br /> ' �t. � 9.Ins�ectIon. Lencter or its agent may make ceasonable eatries upon and inspe�xions of the Property• S� •�,,.��-.µt �
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<br /> � =`.��;` . pri nsp ��g � � e. e
<br /> �� •�. • 8mrower notice at tite time of or or to an i e�ian reasovable cause for the i . on. . Y t ; •;
<br /> .s> s4 ' '�::.
<br /> v r��.:.: 10.CoademnatIan. The procceds of any award or claim for damages.direct or coasequential. in connection with any B
<br /> � :�S.. :.:::•-�.,�� ` ` `.�"• `
<br /> - �--:-,i n�:�.;.;=�;: condemnatioa or other t�cing of any part of the Property. or for mnveyance ia lieu of rnndemnarion.are hereby ass�P,ned ausl � u:%.�r�_, ,-
<br /> . � r �` ° '�• shall be paid to Lender. � ��x
<br /> �E`'.F` ; s" In the event of a total tatcing of the Property.the procee3s shall be app[ied to the sums secured t+Y this SecuntY insuu��• � -
<br /> , �� �� r :
<br /> � Ar�,�� �; �vheiher or aot then due, with any excess paid to Borrower.In the event of a partiai taking.of the Praperty in which the fair -
<br /> _ ,:,;�.,...,�_:.�.�^�,.<< ma�lcet vaiue of the Property immediatelY befone che taking is equal to or greater thaa thc amount of the sums secured by this y , s_` -
<br /> .�c.. . . E �.
<br />_ _�.: � : �. �� gecuri ty Instrumeat immediately 6efore the talring.unless Bomower and Lender otherwise agree in writing.the sums sewre�by �
<br /> �� _:. ti_:... �``�. this Security Insorument shall be reduced by the amount of tke pmoaeds multiplied by the fo l towing f�a c t ion: (a) t he t o t a l o z:_,
<br />_ - ��' �`�-' amount of the sums secaied iunnediately hefore ttte taking.divided by(b) the fair mazket value of the Property immediately --•�F,,.:-�%.�.:
<br /> � `'�� ` before the tal�ng. Any balance shall be paid to Borrower. In the event of a partial tatang of the Pr+opercy in which the fair = f F�. °- -
<br /> � ' .�•` ..�•-: madcet vatae of the Property immediately before the taking is less than the amount of the sams secvsed immediately before the �- ; :��`-;:
<br /> �E�''t taicing.untess Borrower a�Leuder otherwise agc�ee in wri�ng or unless applicable Faw otherwise provides,the praceeds shall - ,�1�
<br />--,s,, :_ - -- be applied to the sunns secured by this Security Instnunent whether or not the sums arc then due. .-ti � ' '�
<br />_ : f � .��'_��::` If the property is abandoned by Borrower,or if,after notice by Lender to Borrower that the oondemnor offers to make an ; ' q :
<br /> � '..� ��:, award or seule a claim for damages, Horrower fails k� respond to[.eader wit6in 30 days afte�'the date the aotice is given. '•� .�s �..,,
<br /> �'�' - I.eader is authurized to collect and apply the pmc�eeds.at iu oprioa.either to restotatian or repair of the Property ur to the suzns �� ,: �:
<br /> 4
<br /> �" ,� : secured by this Security Inwument.whether or not then due. � _
<br />��` �; l.` � Unless Le�der and Bornower otherwise agree in writinS, �Y 8PPficadon of proceeds to principal shaU not eatend or � �
<br /> �•' ` ` '': � postpone the due date of the monthlY payments referned to in paragraphs 1 and 2 or change the amount of such payments. " +� :
<br /> 'g' �� 4'•�� `� 11.Borrower Not Released;Forbearance By Leader Not a Wadver.Extension of the wne for payment or modificatian f, : 4
<br /> '�'�� �' � - f o f a c r t o rt i z a t i o n o f t h e sums secured b y this Security Instnnneat granted by Leader to any suocessor in interest of Horrower shall �«Fr�
<br /> �� .�` �_. � ` 4 . rr._
<br /> not operate to release the liability of the orlginal Borrower or Borrower's successors in interest.Lender s1m11 not be requi r e d to
<br /> � ,. � ' commence proceedings against any successor in interest or refuse to extead time far payment or otherwise tinodify amorti7ation '� s ' �a _
<br /> � `` � ' � � of the sums secured by this Security Insuument.by Teason of any demand made by the original Horrower or Borrower's ,.�..'�
<br /> ..`�, � -;" y�.
<br /> � .. . ' � , sucressots in interest.My forbearance by I.ender in exercising any right or remedy shail not be a waiver of or preclude the : y -��•,
<br /> `� ��
<br /> "� ' �' exercise of any right or remedy. � ` '3 �
<br /> ��t.. ' � ,::. • 12.Snccessors and Asslgag Boffid;doint aad Several LiahlHtY; C o�s igaers. The covenants and agreeaients of this `_:�_:
<br /> i �' Security Irtsirumem stiall bind and 6enefit the successors ar►d assi8ns of I.ender and Borrower, subject to the provisions of ,�-��_
<br /> <'3�, -•^
<br /> ��` - P��Ph 17. Borrower's covenants and agreemenu shaU be joint and several. Any Borrower who co-signs this Se�urity :.
<br />_�.;._ r.,� , �';:,�
<br /> �,i� .-� . ` Instrument but does not execute the Note: (a) is co-signing this Security Inst�mept oniy to mortgage, grant and convey that
<br /> � • ;:� Borrower's interest in the Property undet the terms of this Security Insuument: (b)is not personally obligated to pay the swns ` , ., .�-,-�''.°
<br /> �=-: ° �- ' • ";`.. ,`, secured by this Securiry Instrument:and(c)agrees that Lender and any othec Borrower may agree to extead.modify,forbear or •
<br /> r<_ : �.: � , �,t :,,�
<br /> �. ,� ; -� rnake any accommodationc with regazd to the temns of this Securiry Instrument or the Nate without that Barrower's consent. � ,;.
<br /> f� . .•� ` 13.I.aan Cha�ges.lf tlie loan secured by this Serurity Instrument is subject ro a laa which sets maximum loan charges, `"��,
<br /> e�•-�.: . • .: '.
<br /> :�'�' �°` ;" �_� I` and that law is finally interpreted so that the inteTest or other loan charges collected or to be collected in connection with the
<br /> ��.s. �• � ;;, loaa eaceecl the permiued�Imiu.then: (a)any such loan charge shall be reduoed by the amount necessary to reduce the ciiarge y•,°
<br /> �, �; . . to the pertnitted limit:and(b)any sums already collected from Horrower which exceeded perntitted limits will be refunded to , ;;r ,
<br /> , ` Borrower. Leader may choase to make this refund by reducing the principa! owed under the Note or by making a direct :
<br /> �;, �' payment to Borrower. If a refund reduces pris►cipal. the reduction will be treated as a partial prepayment without airy
<br /> ��; '
<br /> R� ',� " peepayment charge under the Note. �
<br /> ;°`��:� . � � 14.Nottces.My notice to Horrower provided for in this Security tnswment shail be given by delivering it or by maiaag '
<br /> �';';,:`L ° `• •< '�,�'`�: it by first ctass mail unless applicable law�equires use of another methad. The notice shall be directed to the Propercy Address ' •'�,',t,,`
<br /> � ` or any other address Horrower designates by notice to Lender. Any notice to Lender shall be given hy first class mail to
<br />•�?..�' � �•� � i �. Lcnder a addmss stated herein or any other address Lender desip�ates by notice to Borrower. Any notice prmided for in this ,,:
<br /> ��nP. .... . .
<br /> �;,.' • � �`.' � Securiry lnsirument shall be deemed to have been given to Borrower or Lender whcn given as pravided in this paragraph. . ': t;;-•':.;
<br /> a�= �;; • ;.:. 1S,Governing Law; Severability. This Security lnstrument shall be govemed by federal law and the law of the
<br /> n,, '• � � ` � jurisdiction in which the Property is lacate�. ln the event that any provision or clause of this Securiry Instrument or the Nate
<br /> ':;;` � � . wnflicts with applicable law.such conflict shall not affect other provisionc of this Securiry Instrument or the Nate which can be
<br /> . �. ' . given effect without the wnflicting pwvision.To this end the provisions of this Security Instrument and the Note are dulared � ':•:,
<br /> �L � - to be severable. - ��
<br /> , , : � 16.Borrower's Copy. Borrower shall be given one conformed wpy of ihe Note and of this Security Instrument.
<br /> ��. ..t
<br /> . ' form 3028 9190
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