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<br /> . , • ` Rayments may no tonger be required.at the optian of Lertder, if mortgage insurance cvveraSe lin the amount and for thc pe�iad �-
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<br /> '° that Lettder requie�es)providec!by ari iasurer approved by Lender again becomes a��ai�sble and is obtained. Botro�cer shall pay . �.
<br /> • � the premiums required�o mainaain cnortga�e insurai!ce in effect.or to provide a loss resene,until the requircment for mortgage -_
<br /> � in�urance ends in�crnrdance with any written agreement between 8orrower and Lender or applicable la�v. (� �
<br /> ��� 9.InspcMiaa.L.ender�r its a�znt �y malk�rpsonable entries upan and ictspectians of the Yropeny. Lender shaU give (�
<br /> f Borrower nntice a3 the tiine of nr prior to:u�inrpection specifyin�rpsonable cause for the in��pecteon.
<br /> � � la.Condemnation.Thi proceeds of any award or cl�im forn �re�in li ut of conde�mnati n.are hereEy assigtted and �
<br /> i irondemnation or oiher takin� of any part of the Property.or for co y � �
<br /> .i shall Ise paid ca i.ender. --
<br /> � • � In thc event of a mtal ta�ing of the Prop�nY.the pracceds shall tre applied to thc sums secured by this Security Instru�ent, � __
<br /> -- ~_-- a�ftether or rtut tlz:a duz,with any excess paid to Bor4o�ver. In the event of a parcial tak�n�of the Prop�rty in��'hich th� fair
<br /> f .� market value of che FrogeRy immadiately bafore the taking is equal to or greater than the amount of the sums secetred by this
<br /> �°•`�` � Security inswm:nt immPdiately before the takin;,unless Borrov�er and Lender othenvise agree in vrririn�,the sums secured by —
<br /> � ��'" this Security Insuurtent shall be resl�ce�i by che amount of the proceeds muldPlied by the follovlin$ fraction: fa) the toal
<br /> - ;:. ,. amount of tlre sums secured i:nmediately Uefore t!re taking,divided by(b)the fair market value of the Property immediately _
<br /> ---r-'�` before[he ta�ing. Aay balanee shaiE b� paid m B�srnswer. Ita the e��ent af a parteai t�lcing of the Progerty in which the fair =--
<br />-^.,�,::�; • •� mar&et va➢ue of the Praperty immediateiy Iaefore the takin�is tess than the amount of the sums secured immediatelY before the
<br /> `-°•`�' ' .?� taking,unless Boirawer and Lender athenvise a�ree in wridng or unless applicable!aw othervuise provides.the proceeds shall
<br /> '�' �` � lse applied to tha sums secured bY this Seruriry Insuumem whether or nat the sums are then due.
<br />°��.�.`'� � If th�Proprrry�s abandoned by Borrowe�,or i[,after notice by l.ender to Borrower Wat the condemnor offers to make an
<br /> `:;'.;#;I, award or settle a claim for damages.Borrower fails to respond to Lender within 30 days afcer fhe date the notice is given.
<br /> ~��` �` Lender is authori�zd to croilect and apply the proceeds,at its option,either to restoration or repair of the Property ar to tlu sums
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<br />:_��:;,g�; �. secured by this S�urity Instrument,�vhether or rtot th�n due.
<br />�`"%; ' LJnless Lender and Bornn�ver othenvise u$ree i� wrlting, any upplication of proc�ds to principal shall nat entend or
<br /> ''` postpone the due dute of the monthly paytaenu referred to in paragTaphs 1 and 2 or change the amount of such paymems.
<br />�.''F.; �� 11.Borrower Noi Reteased:Farbe�ns�$Y I•�d�'H°t a W�Y�'Extension of the titne for payment or rnodificatian
<br /> __;;_:L_; . of amortization of the sums sesureii by t�is Security Instrument grant e d by L e n d E r t o a n y s u c ce s s o r i n i n t e r e st of Ho.�nwer shall
<br /> ��<� . not o�erate to release tha tiability of the original Borrower or Borrower s suscessors in interes� L:+�s�r shall nat bc required to
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<br />._-n:,��•�•-• wrnmeaoe prooeedings against any successor in inurest or czfuse to extend time for payment or a�rsnsise madify amortization
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<br /> r;,,'�.� �� of the sums securzd bY this Security Instrument by reason of any demand made by the origicuil Borrorrer or Borrower s
<br />=_;;iY.,_-:•: `� snccessors in interest. Any forbeaiartce by lxnder in exercising any right or remedy shall noi be a waiver of or preclude the
<br />"-^:.�<<,:;:r , exercise of any right or re�mzdy. 't't�e covcnants and agrce�nents of this
<br /> - �,.,;5��: u. Suuxssnrs and As�slgns Bouad;Joint aad Several L3a6iUty; Co-siEne�s.
<br /> M'�;�;;�,:; �Security Insnument shall bind and beaefit the suocessors and a;signs of Lender and Bormwer. subject to tke provisloas of
<br /> �'-'�!'°�':' paragra,�h I7. Eorrower s covenants and agreemertts sha11 be joint and several. Acry Borrower W�w ca'Si�s th's �°n'
<br /> �i'��"��_� Insuument but dues not execute the IJote: (a) is co-signing this Security Insuument only to mortgage, grant aad wnvey thst
<br /> ---� �arrower's interest in the P�opercy under the terms of this Security Instrutnent:(b)is not personaliy ob1igated to pay tt:e sur�...
<br />----�-�:� sea�rod by this Security Instru�r.cnr and(c)a�t1�at l.ender and any oiher Borrower may agree to extend.mcdifY•fazb�ar ar
<br /> ----_—__ �,:i;:an,y aocommodarions with re�ard to the terms of this�erw'ity Insuumcnt or the Note without that Eorrov�er's conssnt.
<br /> �:�,v�:^_"�� 13.i.flan Charges.If the loan secured by this Security Instrunent-is subject to a law which seta muxi�smm laan ehaT€�.,
<br /> r,�`��;',� and tiat law is finally interpreted so that the interest or ott�er loan chat�es wliected or to be collected in rnnnection tvit�z ti�►�
<br /> _��:,�:-_���� Lsun�xceed th�permitted limits.then: (a)any such loan chacgc shall be reduced by tl��amount neressary to red.ioe che ci�;:
<br /> _-���""°"�� cr dse permitted limit:and (b)sny sums already colle�ted from Borrower which euceedod pemtitced limits wil!be fefunded t�
<br /> ----=_— Borrov�+er. Len3er may choose to make this refund by reducing the prirtcipal awed under the Note or by tr.alcin3 a diree�
<br /> paymeni to Borrawer. If a refund reduces principal, the reduction will be treated as a pari�:t prepaycnent witt:out url
<br /> ___.__, �__ prepayment ct�rge undet the Note. �
<br /> "— 14.Nonces.Any notice to Bonovrer provided for in this Security Insuument shnl!be given by�elivering it or by mailin�
<br /> rty Address
<br /> - ---_ - it by 6rst class mail unless applicable law requires use of another method.The notice�`sall be directed to the Pc��e
<br /> ---- or any other actdress Botrower desigrtates by aotice to Lend°.r. Any rtotice to Lender shall be given by.fitst cL�ss mail to
<br /> °'-'�""�� Lendei s address stated herein or any oth2r address Lender designates 6v notice to Borrower. Any noticts provided for in this
<br /> -- Security Instrument shal!be deemed to have been given to Borrower or L$nder when�iven as provided in this para�raph•
<br /> g�� 15.Govemi� law, Severa6ility. This Security Insuument shall be �ovemed by fe�tal law and the !aw of th.
<br /> ____ �� jursdiction in �vhich the Property is located. In the event that any provision or c�ause of this Stcnrity Ynctrun'�►t or the Noie
<br /> "u�"'"'"�`� r,onflicts with applicable law.such conflict shall not uffect other provis n:.s of this gecurity Instndment or the Noes which can be
<br /> _______-_-- given effert witliout the contlictin�pr�-r::i�_�r. To this ertd the provi:���nn of this Security Instrutnent and the Note a�declarad
<br /> =�r}�p�g tr be severnbl�.
<br /> - ""��'-9="' 16.Borrotiver's Copy.E�:�.�aw�f��L-.�e Siven are r,�nformad copy of the Note and of this Secvrity Qnsmuy'.ESnt.
<br /> �� Form 302ti 9190
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