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<br /> p�yma�t�m�y no fon�a ba required�at tbe apUon of Lerder.iP mort�e iosur�moe cover�e pn the
<br /> dawit l.arde� roquira)P�'ovided by�n iroures ppproved by Lenda�a�in becoma��vdl�bla�nd i�obWned.Bomawar th�ll p�y
<br /> tbe promium roquirod a md�ain mort�e lrounnoe ia eflect,or a provlde 4 toa raerve.wKil�he requino�ait ta a�oryyr
<br /> itiuranoe erd�in�ooa�du�oe with any writoen qreenbnt between Baro�aid L�a�der or�pplicable lan.
<br /> . !. fa�ct{or. L�odet ot it��au mty mvca ceaan�ble e�trie�upon�nd inapaxla�ui of the Prapeity. 1.ada'�WI �ive
<br /> Horrowar notioe at ehe time of or prbr W�n iropaxion�pecityio�rwon�ble ause for the inapectbn.
<br /> IQ.Cuudaan;t�on. The pra�eda of any ewmd or cldm fot danu�ea�dlrcct or uon�equrntiol,in wnnection v►dth sny
<br /> �oa or oti�er Wcia�ot�ny put of tbe Property.a!or c�arvaywoe in lieu of cadanm�tion.�r�e Meby a�iaaed wd
<br />_ ,____.,�s t1�i1 bo peid to[.ender.
<br /> In the avrnt of�toW ukin�of the Property.tLe proceed�dull be appliad to tha wme cavred by d�is Secudty Insuuma�t,
<br /> whedxr or not then dua, wlth�ny exca�psid W Borrnwer. In the event of�p�rti�l talcing of the Property in which�ho falr
<br /> n�arket vqlue of tha Property inunediately beforo the taklag is aqual to or g�eater tl�en the amount of Ihe wms tocutod by�hii
<br /> Security L�ewment inunodiately bcfore tho taldng.unleas Bomuwer md Lender otherwlso r�+ee in�wridng.tUe suma aocured by
<br /> �� ` thia Secur�ty instrument sfnQ be nduced by the amoant of the proc,eeds multiplied by the following fractioa: (a) the Wtal
<br />_ artawnt of the suma sxured immodiatdy befone tha tAking,divldai by (b) the fair market value of the Property im�nediotely
<br /> beforo the taldog. Aqy balAaoe ehall be paid to Borrower. in the event of a partial tak�ng of the Property In which tt6e falr
<br /> market valuc of t!u E�rop'eriy immediatcly before�he taking is less than the arnount of the sums secunod immodiaaiteely beforo the
<br /> takin8.unies�Borrower and[.ender otherwlse agrae ia wrlting or unless applicxble law otherwi�e provides,tho praooeda shail
<br /> ' be appUed to the sums secorod by this Security Instrumenc whethcr or not the soms arc then due.
<br /> If the Properiy.is abandoned by Borrower.or iP.after notice by L.ender to Borrower lhet the condemnor offera w a�ke aa
<br /> awerd or seqle a Claim for damages. Borcower f�ils to respond to Lender within 30 days aftcr the dAte the noticx is given,
<br /> --��-���-�— L�xicr ja authorizecl to mitxt wW ypply the prooeals.�t ils opdon.either to reswration or�ir of the Property or w tha suru�
<br />- cacured by t�is Security Instrument.whether or not then due.
<br /> _ Unless Lender and Borrower othenvise�gree in writing. any application of procads to principa! shall not extend or
<br /> -- postpone ihe due date of the monthly payments referred to in parngraphs 1 and 2 or change the anwunt of such payme.mta.
<br /> 11.Borrower Not Itdwsed;FarbearAnce By Leader Not a Wniver.Extension oP the Hme for pnymont or modifiauion
<br /> - ---���':�� of emortlzadon of the sums securod by this Securiry Instrument grantod by Lender to eny auccessor in imerest of Borrawer shall
<br /> not operate w rclease the liebility of the origlnal Borrower ar Borrower's sucressor�in interest. l.ender shall nat b�roquirod w
<br /> commenoe proceedings against any successor in interest or refuse to extend time for payment or otherwise modify wnortizadon
<br /> - -- of the sums cecurod by thie Secudty Instrument by m�ason of any demand madc by ihe originel Borrawer or Borrower's
<br /> succxssors in inter�st, Any forbearancc by Lender in exercising any right or remedy ahall not be a woiver of or preclude the
<br /> exerciae of any right or remedy.
<br /> .— ----- 12. �or� aa�! Assl�s Bound; .iafat a�d �evera! LtabUttyi �o-sigaess. Thc covcr�ants aad agramenu of slsfs
<br />• ;�` Sexuriry Inswment shall bind and benafit tha successors and assigns of Lender end Borrower, subject to the provisiona of
<br /> �' parag►aph 17. Borrower's covenants end agroements shall be Joint and several. Any Borrower who casigns this Security
<br /> - ��; Instrument but does not execute the Note: (a)is casigning thia Secur�ty[nstrument only co mo�tgage, grant and wnvey that
<br /> �, �' Borrower's interest ln the Property under the terms of this Security lnstrument; (b)is not personally obligated to pay the sums
<br /> ; sacured by this Security Instrument;and(c)agrees that Lender and eny other Borrower may agree to extend,modify.fbrbear or
<br /> '� make any accommadatione with rcgerd to the tertns of this Security Instrument or the Note withoW that Bonower's consent.
<br /> 13.I.00a Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan c6uges.
<br /> M• � and that law ia finally inte�preted so that the interest or aher loan cherges collected or to be callectod in wnnection with the
<br /> lou�eaceed the permittod limite.then: (a)any such loan churge shall be rcduced by the amount necessuy to reduce the charge
<br /> � .t to the pernuned limit:and(b)any sum.4 alceady collected from Borrower which eaceeded permitted limits will be refunded to
<br /> '`� Borrower. Lender may choose to make this refund by reducing the principal awed under the Note or by making a direct
<br /> `� --•t-�: � �-�-; pay���eut w Burruw�r. IP a refunJ realuces pri�wfpal. the r+eduction will be �rcsted as a �rtE�l pccpay�sstnt ��Ithnut eny
<br /> ��+ r ��•Y-� —
<br /> �.. , prcpayment charge under the Note.
<br />• �`.�' 14.Noliees.Any notice lo Bnrrower provided for in this Security Instrument shull be given by delivetfng it or by mailing --
<br /> ,:^ '^b;is' Mr•'<
<br /> t<<, >�'1��'� it by first class meil u�less oppiicable law requires use of nnotFwr methad.The notice shall be directed to the Property Address
<br /> � � ',°•`�`-#��'�'�' or eny other address Bocrower designates by notice to Lender. Any notice ►o i.ender shell be given by first class mail to
<br /> ���� 'h'�X��''^�'•� L.ender's addrcss stated herein or any ather�ddress I.ender designutes by natice to Borrower. Any naice providai for in thls --
<br />_� -,,.r,,; Securiry instmment shall be deemed to heve been given to Burrower or l.cnder whon given as pruvided in this paragraph. "
<br /> .'���i+:�:�1' ' :
<br />: �, r , d� 15.Gorerning I.�w; Severabllity. This Security Instrument shell ba governed by federal I�w and the law of Ihe
<br />-��r. n.`" �.•. ' ' jurisdiction in which tl�e Properry is located. In the event that any provisiun or clause of this Security Insirument or the Note
<br />��.`•��.-: ' -
<br />:,_;,,� i r � , , conflicts with applicable law,such conflict shall not utfoct other provisions ol'this Security Instrument or the Note which can be =
<br /> �;,�p given effect without the conflicting provision.To�his end the provisions of this Security Instrurnent and the Note are dxlared
<br />'��. •�w�..:�.:•. .� to be severabk.
<br /> '`' � 16.Borrower's Copy.Borrower shull be given one confomied copy of the Note and oi this Security lnstrument. _
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<br /> ,:;:��� form 3028 9190 p;'
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