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<br /> � �4 l00'�l.4 � �=:--
<br /> pym�nts msq ao looger.be r�equirod.at the opEion of Gttder.if tnortgagr insurance oaverage(in ffie�noant and for the period �6-'=a=-.
<br /> .:.�.,-.�_u,�..��
<br /> . th�t t.et�det`tnquins)Pmvided bY aa i�um appmvod by I.ender again bdoames availablc and is abtained.Bocrower slial{pay �,.,- —
<br /> _•-.�_�.-:=�---,
<br /> � the premiums�equirod to maintain moitgage�.wr�nee in effect.or to provide a loss rescrve.uptil the requi�mtnt far mortgage =;,:��;�`:�`:,.,�
<br /> iasuranoe eods ia aroo�nce witb any wtittrn agmmenc Ixtween Borrovver and�.et�der oE applicabie law. . .,�::s'�Y -i��-•�'
<br /> 9 InspectiQn.Lender oir its agent may mak�rrasonable amies upon and inspections of the Property.l.ende'r sha11 give . `
<br /> Bormwec mtia az t6e timt of ar prior to an inspaction spxifying rcasonabte cause fot the inspection. . � ,• �' , _ .. ;
<br /> — _�— ` 10.Con�utton.The proceeds of.any award or claim for damages.di�ct or consequential. in connection with any - . `
<br /> -� - --= oondemn�tion or other taiang of aay pait of the Property.or for com+eyance in lizu af condemnation.are hereby assigned and ` �`� " '
<br /> _-__ — s6alt be p�id to L.ender. . . � � f�--t-1-_=--_�-
<br /> _=�� In the event of a tntal taldng of the Property.the proceeds shall be applied to the sums se�vred by this Security Ieutrnment, � : .
<br /> ' '. whether or not tUen due,witb any excess paid to Barrower. In the evcat of a partiat,taking of the Property in which the fair• f.. .. . ••
<br /> .�` , maricei value of the Prope�ty immedi�tely before the talcing is equal to or greater thar�1he amount af the sums secured by this ►�...,...._:_ ..
<br /> _�__.� Savrity Iasuument immediatety befon the talring.anless Bomower and l.ender otfientirise agree in writing.the sums se�wect'by , '��-- -__�..:�_...:_
<br />=_ ��ry t��*+��„�n�shall be rodnood by the ansount af the proceads mukiplied 6y the foltowittg fraction:�(a)the total �
<br /> - amount of the sums secured immediateiy before t1�e tal�ng,divided by(b)ttx fair marlcet value of the Ptoperty inunediately r
<br />�`� beforc ttx taking. Aay balance s6a1}be paid to Bosower. In the event of a partial taking of the Propeaty in which tbe fair . . f_ ': - � •
<br />°;,; market value of the Praperty immediately 6efore the taldng is tess th�tfie amoum of ihe sums serured immediatety before the � -, '
<br /> �� .>
<br /> - taicing.'unfess Borrowet�nd IxMer otl�erwise agree in writing or unless applicable law otherwise provides.the pracceds shail ; . • . .. ' .
<br /> �erw
<br />- - . 6e applied tQ the sums secuied by Wis Security Insuumea►t whether or not the sums are then due. , k `, �
<br /> �_.
<br /> If the Pmperty is abaridoned by Borrower.or if,after notice by lender to Borrower that the condemnor offers to matce an -
<br /> awud or settle a claim for damages.Sornower fails m respond to[.ender within 30 days after the date the r�otice is given. ;, . .'
<br />. Lenda is suthorized to collect and apply the procoeds.at its option.either to restoretion or repair of the Prope►ty or to the sums r�..°•' _ ` °'
<br /> - secared by titis Savrity Imnumen�whether or not t6en dne. � . _..,._� _.....-: °.y:
<br /> Unless i,eader and Borrower othe�wise agree in writing, any application of pmceeds to principal shall�at exte�d or. k.' , �•.' :
<br />_ postpone thi�i�ie date of tlie monthly paymaiits neferred ta in paragrdphs 1 and 2 ar change tt�e amount of such payments. � , .
<br /> il.Bor"ruirer Not Rdeased;Forbauanoe By Lmder Not a Wa�ver.Extes�s.d�of the time for payment or madification •
<br /> �Y,,. .. of anartuation of the sums secutod by tbis Security Iiis�ment granted by Ixnder t��iy successor in intere's•t of Borrower shall i,;.�,; , � '°
<br /> - ` " '�' � not operate to release the�tiability of the original Borinwer or Borrower's suceessois in interest.Lender shall not be�{uimd to .- . .:...--
<br /> .�-�_.. .,., ' ��- -
<br /> � °��+°° -:°�. wnm�ence proceodings a°�t any successor in interest or refuse to eatend time for payment or otherwise modify amortization ,..
<br /> �:�;'.�,::., � �
<br /> � ;;�•;,-�. ;�;',� of the sums socured by this Security Instrumem by mason of any demand made by the origen�at Soaower or Borrower's i..
<br /> r.._::��. ' S�r:
<br /> ' '�f;"; : successors in interest. Aag.:iForbearance by Lender in exencising any right or remedy shall not Ge a waiver af or pmclude the 1',s._. • s •
<br /> '�'''"�,:. esercise of any right or�emedy. ;; ;
<br /> �.,«�;:; • .•.'. . , ,
<br /> - ::�� •-'�•.'�,'� 1Z.Saocesso�s and Assigas Bound;]otnt aad Several I.iability.Co-sigaMS. The cavenants and agreements of this �.:". . - .:; .
<br /> ' ��t's=°��-::�- �if� _
<br /> ..•.,:�.i:. .'i+! ',.
<br /> �,N�'t r it Securiry instrument shatl bind aad beneSt the succes.wrs and assigns of Lender arid Bortower. subject to the provisions of � �',.
<br /> . ,'`",,` h.fl7`_Borrower's covenants and reemenu shall be 'onn and several. An Borrow� who co-si this 4.�
<br /> _ ,:tif:< ParaS�P a8 J � Y :. Bas Secu�+fY. I.. •
<br />`" _ Inshumerrt bat does not eaecute the Plote:(a)is co-sigaing tfiis Sew�ity lnstroment only to rriortgage,grant and comrey that' ' ' .
<br /> _ `'�''-�r.',�`•:`'�'��: •= Borrower s interest in the Property under the terms of this Security Insuumen�(bl is not personally obligatcd to pay the sums '!;:-'-_-�- -• --.--
<br /> � ��,. ..,,.. secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend.modify.forbear or .
<br /> :•,�;,, _ _� '.
<br /> 1, , malce any accammodations wj,th regard to the terms of this Security lnstrument ar the Note without that Bocrower s consent.
<br /> :���;� �`� I3.Loan es.If the loan secured b this Securi Insuument is su6'ect to a Iaw wht¢h sets ma�cimum loan ch es, � ����
<br /> .�.;�-�. � . . ctwrg Y �Y .I �B ",'���,;
<br /> � " and that law is finally interpreteA so that the interest or other loan charges collected or to be collected in connection with the ; •'`�;i,:
<br /> �. _=:y�_. . ,
<br /> "� ��°.'-�:- ry��� loan exceed the permitted limits,then:(a)any such toan charge shaU be reducad by the amount necessary to reduce the charge
<br /> ;� �
<br /> -'�f�'"�•��' ��� to the pemuttod limit;and(b>any sums already cailected from Borrower which exoeeded pem�itted limits will be refunded to ; ' ;�
<br /> ...t.•� . •
<br />° `•�:7"':,"'` • •: Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct �
<br /> ��''�'"' " _ � payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any : , � ,� `;",;
<br /> ' ' `�' Prepayment charge under thc Note. . .. ,
<br /> �������� '•� 14.Notices.An notioe to Borrower rovided for in this Securi Instrumea�t shall be �ven b deliverin rt or b mailin
<br /> �i:_':.. • Y P tY S Y g� Y 8 '• .: . �
<br /> ';::•� , � •• ia by fits!ciass mail unless cpplicable law requires use of another method.The notioe shall be directed to the Piroperty Address � ••
<br /> ,... . , .
<br /> . � "'`-��-'"�� ''" vr any other address Bor�uer des aanates by notice to Lender. Any notice to[.�nder shali be given by first class mail to j '. ;
<br /> ': .1',:•.
<br /> . ••`.,' • � l.ender s address stattd herein or any ot�er address Lender designates by natice ta Borrower. Any notice provided for in this
<br /> .;,,:.
<br /> "'`''- ` Security fastrument shall be deemed to hare been given to Borrower or Lender when given ar pravided in this paragraph. --��- �°" ?..
<br /> :? �• �;� : �_ � • � .`
<br /> �"-z�.�,�' ' '•�• � 15.Govmsing l.aw; Severabitity. This Security Instrument shal! bc govcmed by federal law and the law of the ` � �
<br /> � . :� .� • • E . .
<br /> ..�,r, ._ ,'
<br />:_r•,,. `Y:=:•�.-.,:. jurisdiction in which the Property is located. ln the event that any provision or clause of this Security Instnrment or the Note , _ , .
<br /> . �s��'."�:� - conflicts with applicable law.such conflict shall not affect other provi�ions of thiti Security Instrument or the Note which can be �
<br /> ��� ."��. " given effect without the conflicting provision.Tu thi�end the pruvicions of this Securiry Instrument and the Note are declanad ' .
<br />�:, � x..�ir�; . .
<br /> to be severabl�e. . �' .
<br /> . '"'��':�;� I6.Borrowe�s Copy.Borrower shall be given one conformed copy ot the Note and of this Security lnsttument. •
<br /> „?� ' f�ornt 3028 9190 .. . •
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