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<br /> paynunt,g rtzay no lan�er be required,nt the option of l�endcr,if mnstQaae insura�ce coverngc(in the nmount nnd for the pcdad �__
<br /> that Lertdcr requires)provided by aii insurer npproved by l.ender ngnin becomes avc�#luble und la obwirted. Borroaer shnll pay
<br /> the premiums rcquired to muintaln mortIIa�e insa�rasice in effect.or ta pravidc u lass rc�eve,untit thc re�uircment for mortgA�e �
<br /> lnsurartce endA in accordance�vith nny wdtten o�cce�nent between B�rro�ver und l.ender ar upplicublc la�v.
<br /> 9.Uns�c4ion. I.cnder or Its agent moy mnke reass►nable entdes upon and insRectlans of the ProFertY• Lender shall�ive �
<br /> �anotiver naticc:ut the time of or pr�ar to sn inspection specifying masonable causo for the inspaction.
<br /> 1�.Condxmnution. 7'he pru4�ecda a�'any awsud or claim for dnma�es,direct ar cunsequentlal, in connectian vyith tuiy
<br /> condemnation or other taking af nny part ot the Property.ar for conveyunce in lieu of candem��atian,nre hereby�.ssigned nRd �
<br /> shall 6e puid to Lendee.
<br /> In the event of a totul saking of the Property.tho procexda shs�li be upplied to the sums secured by this Security Instrument,
<br /> whether or not then due. with any excess paid to Boaower. In thc cvent of u partiat taking of the Property in which the fciir C�
<br /> mnrket value of thc Property immediatety beforc the taking is equal to or gceater than the amau�t of the sums secured by this
<br /> Securtty Insaument immedia�ely before thc tok�»g,unless Borrower ond L,ender otherwtse agree in writing.the sums secured by
<br /> th;s gecnrity Instzument shnll be c�duced by the amaunit of the pmcec:ds muldplied by the following fract�on: (a) the totat
<br /> amount of ehe sums secured immedlately betorc the talcing.divided by (b)the fair market vc►lue of the Prope W�mm��f� —
<br /> before the takins. Any balance shall ho pald to Borrower. In the event of a pactial teking of the Property
<br /> market value of tha Property immediaeely before the taking is less ihen the nmount of the sums secured imm�e p�Y�s sh l
<br /> takiag� unless Borrower aad Lender othcrwise agree in writing or unless uppllcable law atherwise pmvides,
<br /> be applied Yo the sums secured by thts Seceirity Instn�ment whether or not the sums are t1�en due.
<br /> if the Pcaperty is ubandoned by Homower.or if,aRer notic�e by Lender to Borrouer thes the condemnor offers to make pn
<br /> award or settle a cltxim for da�nages. Borrower fails to respor►d to Lender within 30 days p er the date the no i ce is�gi°e�n,
<br /> Y.e n d e r i s a u t h o r i z e d w c ollect and a p pl y tt�e praceeds.at its apdon,elther to restoration or rc air of the P'roperty
<br /> serured by this Security Insuument.whetheror not then due. �IcadQn of �s to princiPal shall not extend or
<br /> Unless Lender and Borrower otherwise agree in adti�►g. �9 h�i and 2 or chenge the amount of such payments.
<br /> postpone the due date of the monthly payments refemed to in pardgrap
<br /> 1�.Horrower Not Released;Forheareace By Lender Noi a VPaiver.Extension of the time for payment or modtfication
<br /> of amortization of the swns secured bY thia Se+cutin'I°Stnu°e�xt granted by Lender to any suooessor in interest of Borrower shall
<br /> not operate to release the tiability of the o�ig�nal Borrower or Borrower's suaeasoi's in interest.Lender shaU not be requirc:d w
<br /> comraeace proceedings against any succe.ssar in intecest or refuse w extend dme for payment or othetwIse modlfy amur�zation
<br /> af the swms securad by this Security Ins►n�meat by reason of any dema.ad made b h the�oi�8 w�si er of or precludeethe -
<br /> scucessors in interest.Aay forbeacante by ixnctcr ii��AC�siag.�:.;r�gh.ar r�!y _ .
<br /> exercise�S huy�ISht or nemedy.
<br /> �2, S��c�sors and Asslgns Baund;Joint and Several LiabWty; Co-silsners• '[�s w�ena�►ts aud agresmeats of thle
<br /> �ecvrity Inshvment sh�ll bind aad benefit the successors and assigas of Le�der and Barrower. subject to the provisions of
<br /> P�Pb��T. ��wer's covenants aad agreeinents shaU be�joint and several. Any Borcower who co-sigas thls Serupity
<br /> ' Instrume;it but does not execute the Note;(a)is casigninS this SecuritY Ia�tcument only to mortgage. gtaut aad convey t6at
<br /> � Borrower's interest in the Propetty wnder the tera►s of this Secarity lnsuunnnY;(b)ia not p2rsonally obligated to pay the sums
<br /> secured by this Securlty Insmiment;and(c)aSrces tltat Lend�r and�ny other Borrower may�$ree to extend,modify.fo�ear or
<br /> ��y�mmodations with regard to the temos of tLis Security Iastrument or the Note wltl�ont thut Borrower's conserrt•
<br /> 13. y,uan Chargp.Ii the loan sesured by thi§Secunt3'Insuument is su3�jaot W a law wluch sets maximum loan charges.
<br /> aad that laW is finally;nterpreted so that the imerest or other lQan charges ayllected or to be collected in connection wlth the
<br /> loan exceed the permitted 1Gnits. thea�:(a)anY such toan charge shalt be reduced by the amount necessary to teduce the charge
<br /> w the pexailtted limit.and(b)anY sums already collected from Borrower which eaceeded pernutted limits will be refuaded:to
<br /> Bonower. Lender may choose to mske this refund by reducing the priucipal owed under the Note or by maldn8 �'t�s�t
<br /> . payment to Borrower. If a refuad reduces principal, ths reducdon wfll be aeated as a partial prepayment without a�►
<br /> � prepayiu�m charge uader the Note.
<br /> 24.'Nodces.Aqy noflce to�oruower provided for in this$ecurIty Insmument shaU be given by deliveting it or by tnuiling
<br /> it by firsY.olass mail os�less applicable law requires use of another method.7'he notice shall be directed to the Property A?di�n�s
<br /> � or auy other address Borroaer designates by notice to Lender. Any notiae ro L.ender ehafi be given by first class'triAit co
<br /> Irader's addtess stated hetein or any ot�Ler u�d�ess Leauler d�ignat�6;Aotice*-c*R^t'*°wer. Any notice pmvided for!n this
<br /> Ylde:!in this++ara„aca�oh.
<br /> Security�nstruraent shall be deemod to,have been given to Borrower or LoudeY wh�a givca.:o ims �
<br /> 15.'�Governing Law; Severa�n6lily.This Security Tnsuument shall•be governed by foderal law and the law of the
<br /> jurisdidion in which the Property is iocated•Tn the event that any�re�►isioa or clause of t�ils Security Iastiument or the Note
<br /> ' cantltets wi��lu�the conflicrin provlsion Ta 3his�d the provlsions.of•s2ds Security Instrumenc an$theNNote are declared
<br /> gtven effect
<br /> to be seveiabie. �
<br /> 16.Borrower's Copy.Bor�ow�x sl�l1 be given one confoamed copy of the Note aad of this Security Instcunnent.
<br /> Form 3028 8180
<br /> ,_.. Pepo 4 ot 8
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