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<br /> payments rtxay no longer be required, at the�ption of Lender, if rnortgagc insurance coveragc(in the amount and for thc period
<br /> tiiat Lender requires) provided by an insurer approved by Lender again becom�s available and is obtained. Borrawer shall pay `.
<br /> the premiums required to maintain mortgage insurance in e6'fect,or to provide a loss reserve,until ;he requirement�or mortgage '- -_�
<br /> insurance ends in accordance with any written agreement tretween Borrower and L.ender oc applipbie law. �
<br /> 9: Inspection. Lender or its agent may make reasonabie entries upon and inspections of the Property. L.errder shall give
<br /> Borrower notice at the time of or prior to an i�upection specifying reasonable cause for the inspection.
<br /> 10. Condemnatior�. The proceeds of any award �r r_laim for damages, direct or consequential, in c�nnection with any
<br /> condernraation or other taking of any part of the Property, or`for conveyance in lieu of condemnation, are hereby assigned and �
<br /> � shall be paid to I.ender. �
<br /> In thc event of a total taking of the Property, the proceeds shall be applied to the sums securecl by this Security Instrument,
<br /> whether�or not then due, with any exr_�s paid to Borrowec In the event of�a nanial rakino nf rhr Pmrwnv ;,, ..,t,;�►, r►,P fa��
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<br /> market vatue of the Prot�erty imm�;�;�;r ;c;��P«�e taking is equal to or grezter than the amount of the sums secured by this �"
<br /> Security Instrumen� imm��iately before the taking, unless Bonower and Lender otherwise agree in writi�, the sums secured l�y 'S
<br /> �his Secarity Instrument shal! be reduced by the amount of the proceecls multiplied by the following fraction: (a) the total �,,,,�,
<br /> amount of the sums sec�red inimediately before the taking, divided by (b) the fair market value of the Property immediatety d
<br /> before the taking. Any balance sha;l be paid to Borrower. ln the event of a p;.rtial taking of the Property in which the fair Q :
<br /> market value af the Property immediately before the taking is less than the amount of the sums secured immediately beCore the �J(
<br /> taking, unless Borrower and I.ender otherwise.agree in writing or unless applicable law otherwise provides, the proceeds shail �
<br /> be applied to the sums se���red by this Security Instrument whether or not the sums are then due. (f:
<br /> If the PmFerty is abandoned by �3orrowcr, or if, after notice by Lender ro Borrower that the condemnor offers to make an
<br /> award or settle a claim far damages, E3orrower fails to respond to L.ender within 30 days after the date the notice is given,
<br /> Lender is aJthorized to col��ct and apply the proceeds,at its option, either to restoration or repair of the Property or to the sums
<br /> secured by this Security Instrument, whether or nat then due.
<br />. Unless Lender and Bon•ower otherwise agrec; in writing, any application of proceecis ro principal shall nnt extend or
<br /> postpone thc due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such aayments.
<br /> li. Bofrower Not Relrased; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification
<br /> of amortilation of the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrower shall
<br /> not opei�tr.to release the liability of the uriginal Borrower or Borrower's successors in intcrest. I.ender shall not be required to
<br /> commencc proce:.dings against any successor in interest or refuse to extend time for payment or otherwise modify amorti7:�tion
<br /> of the sums s�cured by :his Security Instrumeitit, by reason of any demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising an�� right or remedy shall not be a F.vaiver of or preclude the
<br /> exercise of an}�right or remedy. :
<br /> 12. Successors a:id Assigns Bound; Joint and Several Liabiiity; Co-signers. The covenants and agreements of this
<br /> Security Instrument shall Eind and benefit the successc�rs and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrow�r who co-signs this Szcurity
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument oniy to mortgage, grant and convey that
<br /> Berrower's interest in the Property under the terms uf this Security Instrumenr, (b) is not personalfy obligated to pay the sums
<br /> - secured hy this Securiry (nstrumenr, and (c)agrees that Lender and an}•other Borrower may agree to extend, modify, forbear or
<br /> make any�ccon�modations with regard to the terms of this Security instrument or the Note without that BorroH-er's consent.
<br /> l3, Loan Charges. ]f the loan secureci by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and thac law is finally interpreted so that the interest or other loan charges collPcied or to be collected in connection with the
<br /> loan exceed ;he permitted limits, then: (a)any such loan charge stiall be reduced by the amount necessary to reduce tlie charge
<br /> to the permitted limit; and (b) any sums already collected from Borrower which exceeded permittecl limits wiil be refunded to
<br /> Borrower. Lender maq choose to make this refund by reducing the principal owed under the Note or 5y maiking a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> preoayment charge under;he Note.
<br /> 14. Nntices. Any notice to Borrower provi�+ed for in this Security Instrumen¢ shall be given by delivering it or by mailing
<br /> it by tirst dass mail unless applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> or any othzr address Barrower designates by notice to Lender. Any notice to L.ender shail be given by first class mail to
<br /> Lender'� address stated hercin or any other address Lender designates by notice t� E3orrower. Any notice provided for in this
<br /> Security Instrument shall be deeme�to have been given to Borrower or Lender when given as provided in this par��raph. �
<br /> 15. Go��erning Law; Severability. This Security Instrument shall be governed by federal law and the, law of the � '
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry Instrument�r the Note
<br /> conf�icts with applicable la��•, such conflict shall not affect other provisions of ttiis Security Instrument or the Note which can be �
<br /> given effect without the conflicting provision. To this end the provisions of this Security lnstrument and the Note are declared
<br /> to he severable. , .
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this 3ecurity Instrument.
<br /> Form 3028 3l90
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