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<br /> pay�ents may no Ionger be required, at the option of Ixnder, if mortgage insurance coverage(;n ihe amount and for th�period
<br /> thac Lencicr rec{uires)providcd by an insurer appinvaI by L.ender again bxomcs available and is ob•4ained. Borrowec shxll pay
<br /> the pretniutns requirsd to maiatain mortgsge insuxanrr_in effect,or to provide a loss reserve,uc,til thc rcquirement far mongage
<br /> insurance ends in acco:daaice with any writt$n agn�ecmeat bctween Borroa•er and Lendex or appincable law.
<br /> 9.Yaspertion. Ler_der or its agent may make reaso�le entrizs upon and ins,pections of the Property. Len3er shall give .� �
<br /> Sorrower notice at t►�e tizne of or prior to an ias�cdon sp�cifying reasonabie cause for the insnection. .Sj
<br /> 10. Condemnation. The proceads of any awa�rd or claim for damages, direct or consequential, in connecdon with any 1
<br /> . ` condemnatioa nr other taking of any part of the Fropert}•, or for conveyanc�in lieu of condemnatioa, are hereby assigned and �
<br /> shall be paid toZ.endet. ~: �
<br /> IB the eveut of a total taY.ing of the Property,the proceeds sha31 be appiit;e to the sums secured by this Security Instniment, �
<br /> whether or nat thea due, with a�y ezc�s paid ro Borrower. In the ev,:ut of a partial taking of the Pmp�rty in which the fair �f(
<br /> niarket va!ue of the Property immedi�tely hefore the taking is equ�l to or greater than the amount of the sums s.xured by this �
<br /> Security Instnimcnt immodiately before the tating, unlcss Borrower aad I.eader uthenvisa agree in writing,th�sums secured by
<br /> this Security instrument shall be redaced by the amount af the pracxcds multiplied b� the folIowing f:action: (a) the tot�l
<br /> unovnt nf the sums secured immediatefy before the ta}:ing, divi��.i by (b} the fair market value of�a:e Property i�unediatel}�
<br /> before Lh� iaking. Any bai�nce shall be paid to �oznower. In the event of a partial taking of s�e Praperty in which the fair �
<br /> market valuc of the Property immediately ixfore ihe takin�is less than the amount of tha sums secured itnmediately beforo thc �
<br /> taking, unless Borroc,�er and Lender othe[tvise agree is writing or unl�ss applicable law oeherwise provides, the procxeds shall
<br /> be applied to the sums�ecured by this Security InsUrument w�ether ar not the sun,s are then due.
<br /> If the Property is abandona!by Borrowe.�,or if, after aotice by?,ender to Borrower that the condemnor offers to make an
<br /> award or settie a elaim far damages, Aorrower fails to respond to Lender within 3U days after the date ihe notice is given,
<br /> Lender is authorizcd ta callrst and apply the proctieds,at its option,either to restoration or repair of ths Property or to th�sums
<br /> sxured by this Security Instrumrnt,whether or not?�e�i dus. . �, ` -- _
<br /> Unless I,�ndcr a�id Borruwcr othenvise agree in wrieing, any application of pr4ceeds to p�incipal shall� ot extend or ,
<br /> postpone the due datz of the mor.th!y payments relFernd to in paragraphs 1 and 2 or change tne amount of such pay�nts.
<br /> 11. Borrower I+Iot Released; F�rhearance By I,ender Not s Waiver. Eztension of the time for payment or modific:ation
<br /> of amortizatian of the sums secured by this Security I.nstr�aent granteci by Lender ta any suecessor in intcrest of Bormwer shall
<br /> not operate to retease the liability of the arigival Barrower er Bormwer's successors in interest. Lender shall not be reguired ta
<br /> cocn�ence proc,.-edings zgainst any sL�ccessor in interest or refuse to eztend time far payment or otherwise madif;+amortization
<br /> of the sums secunxl b}� chis Security Instrument by reTSOn of a�:y dsmand made by the original Borrower or Borrower's
<br /> successars in intemst. Any forbcaruic:e by Lender in ezercising any right or remcdy shall not be a waiver af or preclude the
<br /> ezercise of any right or remecfy.
<br /> 12. 5e�ccessors and �.ssigns d3ound; Jotnt and S�zeral Liabi�ity; Co-signers. The covenants and ag�reements of this
<br /> Secvriry Instrument shall bind and benefit th� successors and assig�s of Lender a.�d Borrower, subject to the provisions of
<br /> paragragh ]7. Borro��er's �ovenants and agreemenu shall be joint aud ceveral. Any Berrower who co-signs this Security
<br /> Instzument but does not exectue the Note: (a) is co-signing this Securi:y lnstrument only to �ongage, grant and convey that
<br /> 8orrower's interest in the Property under tha terms of this Security I;�strument; �(b) is not personaIly obligated to pay the sums
<br /> secured by tl�is Security Insuument; an�'(c)agrees that Lender and any other Borrower may agrt�t�ettend, modify, forbeaz or
<br /> ma"�e any accommociations with regard to the terms of this Secesrity Instrumeat or th�I�iote without that Borrower's consent.
<br /> 13. I.aan Chnrges, If the Ioan secured hy this Security I-�strument is subject to a law which seis mazimum Ioan charges,
<br /> and that law is finally interpreted so that the interest or other lcan charges colleccefl or to be collected in conne�;tion with the
<br /> loan ezceed the pennitted limits, then: (a) any such ioan charge shali be reduced by the amount necessary to reduce the charge
<br /> ro the permitted l'amit; znd (b) any sums already collected from Borrower which exceeded percnitted limits will be re:i:nded to
<br /> Borrower. Lender n�y chaose to make this refund by reducing the princxpal oweai under the Note or by making a direct
<br /> payment to Borrower. If a refund a�oduces principal, the reduction wil! be tceat�i as a partial prepayment without any
<br /> prepayment tharge uuder the hiote.
<br /> i4. Natices. Any notice to Barrower provided for in this Sacurity�nstrument shall be given by delivex�ng it or by mailin�
<br /> it by first class m2i1 unless applicable law requires use of aaother methe3. The nptice shalI be directed to the Property Address
<br /> or any other addrzss Borrower designates by noticc to Lender. Any noti�e to I.ender shail be �i-ren by first class mail to
<br /> Lender's address stated herein oc any other address Lender designaies by natice Su Borrower. Any notice provideci for in this
<br /> Srcurity Instruuzent shali be deemed to have been gieen to Borrower or Lender when given as provided in this paragraph.
<br /> 15. Guverning Law; SeverabiliYy. This Secur�ty Instrurnent shall bt govemeci by federal law and the la�v af tht
<br /> f'' jurisdiction in which the Property is located. In the event that any prov:sion or clause of this Security Instrvment or the Noee
<br /> conflicts with apolicable law, such conflict shall not affect oiher provisions of this Security Instrumtnt or the Note which can be
<br /> �iven effect withoue the conflicting provision. To this end che provisions crf this Security Instrument and the NotP ar�declared
<br /> to bc severable.
<br /> 16. Borrower's Copy.Bono�c�er shall be given onp conformed copy of the Idote and of this Security Instrument.
<br /> Form 3028 /9p
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