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<br /> p�ymerMS mty m la�er be requirod,u the option of L.en�kr.if mo�a inwr�u�oe wvense(in the amauet nd fa th�p�xiod
<br /> dNE L�udar roqujra)Provided by aa insut�er�ppmved by Laader��fn bw:oroa wdl�bk�td u oM�ined. Barcwu��Iwdl pry
<br /> the praniums roquired to euiat�in moetLUe irourmoe in el�sct.ar w provida a lat reoetve,udil the roquinanent Lroe aioty�
<br /> inwr�nx a�da ln a000rd�me wlth aoy wrltten�roen�etU betwan Botrower�nd I.aider ar�pplk�ble lsw.
<br /> !. Lrpectioq. i�enda or it��gent may malce raawmbla astria upon and iny�ectioro oP the Frop[uty.Letider�6�I1 Sive
<br /> Bocrower notia at the dme of or prior w�n impection:pocifyinQ t+ea+otnble cawae for the irupoction.
<br /> 10. Condaruwtbn.77�e prooeecls of�nY �W+rd or clalm for�anuiges� dlt+ect or eotuoqua►ti�l. in ooabedon with any
<br /> � oondemnation or other talclt�of ury put of tha Propecty.or for oonvey�►tice in lieu of coudetnnation,are henby�ssi�ned erKl
<br /> •tull be p�id to Lender.
<br /> In the event of a totnl taking of the Prope�ty.the procoeds shall be applied W the suma secured hy thit Socuriry Inswma�t,
<br /> whether or�at then due. with any exass paid to Borrowet. In the event of a partial talcing of the Property in whish tho fair
<br /> marlcet value uf the Propeny immediately before the taking is equal to ar greater ttwn the amount of th�wmi�ecured by this
<br /> Security In��ument immodiately before the taking,unlecc Horrower and l.ender otherwlse�gra in writin�,the sums saurod by
<br /> this Security Instrument sliatl be roducod by the wnount of tho procads multiplied by the followfng Frection: (a)ihe total
<br /> amount of the sum4 sexured irtunodiAtely before the taking, divided by(b)the fair muket value of the Property immdiately
<br /> before tha taking. Any balance shall be patd to Eorrower. In the event of a partial taking of the Property in which the f�ir
<br /> market v�tue of thc Property immodiately bcfore the taking is less ttwn the wnount of the sums secured immedisteJy befon the
<br /> taking,unless Honower and Lender otherwise agrcc in wdting or unlcss applicable law otherwlse providea.the pmceeds stull
<br /> be applied ta the sums setured by this Secudty Instrument whether or not the sums are then due.
<br /> �— If the Praperty is abu�doned by Borrower.or if, After notice by Lender to Barrower tlwt the condemnor offe�s to make an
<br /> _,�ti��� award or scttle a claim for damagrs, Borrower fails to respond to Txnder within 3U days after thc datc the notice is gtven,
<br /> Lender is authorizod v�coilect and apply the proceeds.at its optlon,either to restoration or repair of the Property or to the sumc
<br /> secured by this Securlty Instrument,whcther ar not then due.
<br /> - Lhiless Lender and Borrower otherwise agrec in writing, any application of proceeds ta principal shall not extend or
<br /> . �. , postpone the due date af the monthly paymcnts referreci to in paragraphs I and 2 ar change the arrwunt of such payments.
<br /> � 11.Borrower Not Relea�ed;ForbeArt�nce By L.eader Not a WAiver.Extension of the time for payment or modification
<br /> of amortization of the sums secured by this Secur{ty Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the lisbility of the original8orrower or Borrower's successors in interest. I.ender shall not be required to
<br /> � comraence proceedings aguinst any suceessor io interest or refuse to extend time for payment or otherwise tnodify atnortizatlon
<br /> - rd�:;� of the sums secure� by this Sec;urity Instrument by reason of any dertwnd made by the origi�wl Borcowcr or Borcower's
<br /> �: successors in interest. Any forbeurance by I.ender in exercisiog any right or remcdy shall not be a walver of or preclude the
<br /> ���`"=`�§'� exercise of any right or oemody.
<br /> �;.•�-•�.,. ;�": ��:.:=.�
<br /> .�{.M.•,••�•h;,..,�,r•. 12. Successors und Assiens fbund; Joint And Several LiAbility; Casigners. The covenants and �grcementa of this
<br /> ,;;�;';;�:;, ,;:' • � Securlty Inswment shall bind and benefit the successors and assigns of [.ender and 8orrower, subject to the provisions of
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<br /> .;��,�,�,,x,�,;�;,:;�,;.i„�.; paragraph 17. Borcower's cavenants and agreements chall be joint and scveral. Any Barrowar who co-signs this Security
<br /> :a..,,;•�•; Instrument but dces nat executc the Note: (a) is co-signing thir Security Instrumcnt only to mortgAgc,grant and coavey that
<br /> `�°i���'�''' � Barrower's Interest in the Property undcr thc tcrms of this Security Instn►menr (b) is not personally obligated ta pay the sums
<br /> - • .. secured by this Security Instrument:and(c)agrees that L.endcr and any other Barrower may agree to extend,modify,forbear or
<br /> . • ., �_: ` make any accommaintions with regard to thc terms of this Security Instrument or the Note without that Borrower's consent.
<br /> ; ��_�������{�Y,�MTt • ��.I.oAn t'har�es. If tlie loan sccured hy this Security In�rmm�•nt i.,uhject to a law which scts maximum loan charges.
<br /> ' ��'` � ' and that law is�nally interpreted so that the interest or other luan chargeti collected or to be coliected in connection with the
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<br /> �° `"' ' loan cxcecd thc permitted limit�, thcn: (s)uny tiurh loan chargc shall be reJuccd by the umount necessary to reduce thc charge
<br /> '�� . " � to the permittcd limit:•rnd(b)•rny sum.r- alrcady rollected from Bnrrowcr which cxccedcd permittcd limits will be rcfunded to
<br /> Borrowcr. Lcixier may ch�wsc tu mukc thiti rrfunJ by rcducing thc principal owcd undcr thc Notc or by making u dir��ct -.
<br />' , � �• payment to &►rrower. If a refund reduceti principul, thc reduction will lx treated �.� a panial pmpayment without any
<br /> prepayn�ent chargc undcr thc Notc.
<br /> • � , 14.Nottc�.Any notirc tu Barr��wcr provided f'or in thi,Scrurity Instrumcnt,hall tk givcn by dclivcring it or by mailing
<br /> it by first cla,.maii unlc+s applicabie law rcyuirc.use of anathcr methcxl. The mnire shull tx directed to the Property Addresr
<br /> or any othcr address Barrowcr dc.ignatc� by nuticr tu l.endcr. Any notitt tu LrnJrr .Ball lk givcn by ftrst class mail to
<br /> � .,�`,-,� I.cndcr's uddres�+tatcd hercin�ir any othcr address Iandcr dc�ignutc� hy nnticc to Borri�wcr. Any noticc providcd for in this
<br /> . `-- . . Securiry Instrument shall bc dccmcd tu huvc bcrn given tu Burrowe�u� [.ciider whcn�ivcn u�.pravided in this psragraph. _
<br /> .iN,{�' 15.Govcrnin� I.aw; Severability. Thi. Scrurity Imtrumcnt ,hall tk gav�rnrd by fcdcral luw ancf thc law of the -.
<br /> �t � -��✓"• - `' juriuiiction in which thc Pruperty i. I�k•rtcd.In thc cvcnt that uny pro�•itiian ur clau+r uf thi,Srrurity Instrumcnt or thc Notc
<br /> '' conflict�with applirablc luw. wch contlirt�hall not ulf�tit uthcr pr�wi�iims uf thi�Scrurity In.trumcnt or thc Notc which can bc
<br /> " ' given cffcct a•ithout the conflicting provision.To thiti rnd thc provi,iun,of thiti Srrurit��Instrumcnt und thc Nutc ure dcdarcd
<br /> " to be�cvcrahlc.
<br /> � � ' 16.Borrowcr's Copy.&�rr��wcr.hall bc givcn unc cunf�irmcd rop�•��f thc Notc and uf thi,Sccurity in+trument.
<br /> _ . Fam 3028 8190
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