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<br /> p�yments mAy no IonBcr 6c rcquircd. at thc optlan af I.cndcr,If mort�iigc insurnncc covcragc(in the amount nnd for ihc period
<br /> ' thut l.endcr rcquires)providcd by nn insurec approved by L.cndcr ngnin Uccomcs i►vnflable nnd is obtnined. �orrower shn�l pay
<br /> the premiums rcquirerf to m�tintain martguge insurnnce in effect,ar to pravide n loss rescrvc, until the�cquirement for rnortFnAc
<br /> " insumnce enda in nccordtu►c�e wtth nny written a}�reement betwcen 8orrower m►d[.ender or applicnblc lnw.
<br /> . 9. Insptctlon.LendeE or ite A�;ent mAy mnice reusonnblc cmries upon nnd inspcctions of�he Propeny. l.endcr sh�tl givc
<br /> ' 8onower notice At the time of or priar to un lnspECtion specifyin�reusonable enuse far the inspection. - �
<br /> ,� 10.Condemnatlon.'�'t�e proeE.-eda uC auy uward or ciaim Wr�famtsges, dtccct or conr�:quential. ln�annection�vith any
<br /> condemnation ar other taking of any pan of the Property,ar for conveyance in lieu of cande�nnution. ure hereby nssf�ned and .,;_.;
<br /> shall be paid to L,ender.
<br /> ��� In the event uf u total[aking of the Propetty,the pmceeda shalt be applied ta the suma secured by thta Sccurlty Inscrument,
<br /> „ whether or not then due,with any excsss puid to Bortower. In the event of a parti�l tnking of the Propeny in which the falr
<br /> markct value of the PmpeRy immediutcly before the taking Is equal to or grcatcr thun the umount of the sums securcd by this
<br /> Securl:y iastrument immediately befare the taking,unless Bonower and Lender othenvise agree in wdting,the sums secured by
<br /> , [his Securlry Instrumeat ahatl be reduced by the amount of the proceeds mul�iplied by the folla�vtng fr�ctian: (a) tha totel _
<br /> amount of the sums secured immediately before the taking. dlvided by(b)the fair markct value of the Property immedintely °-
<br /> before the takin�. Aay balance s6a11 be paid to Bonower. In the event af a partial taktng of the Property in which the fnir
<br /> mazket value of the Property Immediately before the tFilcin�is less than the amount of the sums secured Immediately before the '�,:
<br /> ' taktng, unless Borrower and Lender otherwise agree tn wdting or unless appNcable taw otherwise provtdes, the proceeds st�all • ,j.:_
<br /> '' be applied to thc sum4 aecured by this Securiry lnatcument whether or not the sums are then due. . _
<br /> ,�,,�,. If the Pmperty ls abandaned by Bonower.or if,after nottce by l.end�r to Bonower that the condemnor offers to make an -:`�:
<br /> awmd or settle a clatm for damages,Borruwer faila to respond to Leader wtthin 30 days after the date tbe notia is gtvcn,
<br /> ��;�'� •�.��. L.ender iA authorized to collect and apply the proceeds,at its option,either to restoradon ar repair of the Propercy or to the sums
<br /> '�="�'' secured by thie Securlty Iastrument, whether or not then due.
<br /> � '�`�' Unless Lender and S�trower atherwlse agree in writing, any application of procexds to principal shall not extend or .=
<br /> ;;� pastpone the due date of the raonthly payments refcrred to in paragraphs 1 and'l or chnnge the auiount of such payments. o;�:
<br /> �� 11.Borrower Not Released{Forbenrnnce By Lender Not a'Waiver.Eatension af the timc for payment or modification
<br /> - of amortlzntion of tlie sums secured by this 5ecudry Instrument granted by Lender to wry successor in interest of Borrower shall ;�
<br /> +•� not operate to release the liabtlity of the orlginal Borrower or BorrowePs successors in interest.Lender shall not be required to 'r_
<br /> �;;'
<br /> •� ' coramence pmceedings againat any successor in interest or refuse to eatend time for pnymenc or otherwise modify amortlzation ��'-
<br /> . . ,
<br /> , '
<br /> ,� of the suma secut�ed by this Se�urity Instrument by reason of any demand made by the odginal Boaow•er or Borrower's � '-
<br /> ,� • auceessors in interest. Any iorbearance by i.ender in eaercising any rigi,t ur ccu�aijr 5�'idll ii3t be d ivdlv�i�f 8i ptxludC ihs `
<br /> `�,' exercise of any right or remedy. f
<br /> ���, 12. Successors and Assi�ns Bound; Jotnt and Severnl Linbiflty; Co-signcrs. The covenan�s and a�reements of this ;.�
<br /> �,,�..;,
<br /> ,,•i;�;:! Secudty Instrument shall bind and benefit the successors and assigna af Lender and Borrower. subject to the pmv�aions of �
<br /> „� _..
<br /> .;��,, � paragraph 17. Borrower's covenants and agreements shall be joint and several. My Borro�ver who co-signa Wis Securiry �_
<br /> Instrument but does not execute the Note: (a) is co-signing this Securiry Insuument only to mortga�c, grant and wnvey that =
<br /> �r Bonowcr's luterest in the Property under the terms of thia Security Inswment; (b)ts not persoa�lly obligated ta pay the sums �,.._.
<br /> ,,:�;�;� secured b this Secud Iastnimenr aad(c)agrees that Lender and an other Borrower ma a rea to extend,modi ,forbear or �.••�
<br /> Y Y 6 fY
<br /> +�`•� make t�ay accammoda ons with regard to the terms of this Security Instrumeat or the Note without thut Bonower's consent. 6',.:=
<br /> � ° a� 13.Loan Charges.lf the loan secured by this Secudry Instrument is aubject co a law which aets maximum loan charges, ^-
<br /> aad that law is finnlly interpreted so that the interest or other lnan charges collecteE or to be coltected la connection with the �,
<br /> � loan eaceed die germitted 1 imits,then:(a)any such losn cherge shall be roduced by the amount necessary ro reduce the charge �
<br /> _.. .. , ; ' to the pem�itted limit;and (b)aay sums alrendy col(exted from Borruwer which eaceeded permitted limits wlll be tefunded to F,�e_
<br /> Borrowcr. Lender mny chao;» :o ma::� •�is refi'nd by reduciug the prtncipal owed under the Nate or by makin� u direct E.-
<br /> ; }� �`' payment to Borrower. If a refuud reduces pdncipal, the mduction wtll be treate� as a partial prepayxnent without any e -
<br /> ` prepayment charge nnder the Note. ��'°
<br /> � � 14.Notices.Any notice to Borrower provided for In this Securiry Instn�ment ah�ll he given by delivering it or by mailin� �-: �-
<br /> �' <<.:tis &�_--
<br /> it by first clasa mail ualess applkablc law requires use of anocher method.The notice shall be dtrected co the Praperty Address
<br /> '};'';': or any other addmRS Borrower designates by notice to I.ender. My nottce to Lender shali be given by first cless mail to �
<br /> ;,�{r,. �.-:
<br /> • -;?�•�R I.ender'a address atated herein or arty other uddress I.ender designa2es by notice to Borrower.A,ny noticc provtded for in this
<br /> --'� � -: �:. Security inntniment shatl be desmed to havc been given to Borrower or Lender when given as provjded{n this paraqtaph. ��� -
<br /> �.:•�-•-;
<br />�;�'}''' -� ,, `� iS.Gr►vcrntng I,n�v; Severubility. This Security Instrument ahail be �overned by federat law and the law of the R':,-
<br />�.��� _ } :, judsdiction in which the Properry is lor,ated. In the event that any pmvtston or clause of this Secudty Instrument or the Note �:^_
<br /> -• � �����;':�� wnflicts with applicabic iaw,such contlict shall not uffect other p�ovtsfons of this Secudty Insuument or the Note which can be �'`-
<br /> �:;i� given effect without the contitcting provision. To thia snd the provisions of this Security lnstrument and the Note are declared �?
<br /> •i to be severabla ��--
<br /> ' " 16.Borrower's Copy.Borrower shail be given one conformed copy of the Note and of this Security Instrument. ��
<br /> „ ��,, Form 3028 9180 �;=
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