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<br /> p�Y���►Y�����'a9uired,at thc option of iander. if m�t�e lnwnbe oover�e(in the amount uid fa�he peciud
<br /> tlut Lender roquira)provWod by An inwrcr�proved by L,aidor�ain becoma Rvdl�ble and is obtained. Borcawer�Irli p�Y
<br /> tbe prea�iupy roquind to mRlnlain mort�c iawrar�ce in affect.or to provjde+�lo�s reaen�e,until the requie+ement tor nwrtpp
<br /> inwrmoe aida i:��000rdu�ca with any wdua�y�roemaK betwan Horrnwer ancl I.ender or�pplicable uw.
<br /> !. Iwpecttoa. Lenckr or ita aQent mRy m�lce rawn�ble aurks upon ud Inspoction�of the Pmperty.La�drx thrli�iw
<br /> Borrower rotice tu the time of or prlor ta iut inspection spocifyin�ttswmble cauee fot the irupectlon.
<br /> iQ� Cuiide�aa�tba. 1'he p[ocad:of any awud or clajm for dam��a, diroct or consequet►tial, in ootu�ection wlth any
<br /> condemuufon or other takin�of any pa�t of the Pmpecty,or for conveyanoe in liw of condemnat�on,uY hertby a�i�ned and
<br /> - �.� - - tlul!be patd to Lender.
<br /> In the ev�,nt of a tout!taking of the Pcn�xrty,the proceeds shall be�ppliod to tiu cums sa��rcd by thii Security Insttumetu,
<br /> whether or not then due, with any excess paici to Borrower. In the event of a portial taking of the Property in whict�the fair
<br /> rrwrlca valoe of the Property Immodiately befon the taking is equal to or greatu thu�the arraunt of the eumc secural by thi�
<br /> Secur�ty Instrument immodiately beforc the taking,unlass Borrower and Lender othenvise agree in wrltin�.the sums�rod by
<br /> thi: Securiry Instrume�t shall be roducal by the amount of the proceods muldpliod by the foUowing fraction: (A) the toUl
<br /> amount of the sumc securod inunadietely before the taking. dividod hy(b) the tnir market value of the Praperty imn�eciiately
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a parti�l taking of the Property in which the fair
<br /> mazkct value of the Property immediately beforc the taking is less than the amount di the sums secured immatiately before the
<br /> taking.unless Bonower and Lender otherwise agree in writing or uriless applicable law otherwise provldes.the procoeds sh�ll
<br /> _e be Applied to the sums cecured by this Securtty Instrument whether or not tbe sums are then due.
<br /> _''" If tfye Propecty�is absu►doned by Borrower.or if,after notice by I.ender to Borrower that the condemnor offers to make an
<br /> �! awatd or scttle a claim for demages, Borcower fails to respond to I.endec within 30 days after the date tlu notice is givcn,
<br /> ' � L.ender is authorizod to collect and apply the pracoods,at its option,either to restoration or repair of the Property or to the wmc
<br /> : securod by this Secudty Instrument.whether or not then due.
<br /> ''�`"�' Unless Lender and Borrower otherwise agree in writing, any applicntion of proceeds to principal shall not extend or
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<br /> � ' ''����' st ne thc duc dute of the monthl a ments referred to in ara m hs I and 2 or chan e tbe amount of such mcnts.
<br /> , , .y� Fo P� Y P Y P 8 P S PaY
<br /> . «�'MJ '�a `:'= 11. Borrower Not Released; Forbearance By I.ender Not A Waiver.Extension of the time for payment or modificxtion
<br /> '' �, , ti�,�,,,�„ of amortization of the sums secured by this Security Instrument granted by L.ender to any successor in interest af Borrower stwll
<br /> �:`.:�:.; • :
<br /> ��,�"����`-';,�;`�S�';. . not operatc to relcasc the liubility of the orisinal Borrowcr or Borrower's successors in interest. Lender shall not be required to
<br /> _ p��'�;if.�.'�°`•':'f ` "�' commence proceedings against any successor in interest or refuse to extend time Por payment or otherwise madify emortiution
<br /> • :::i:,r:�.u�i.`��J��,:-;:;;� � of the sums rxcured by this Security lnstntment by reason of any derr�and made by the ori�inal Borrower or Bonower's
<br /> `��`��i'-' ''� ��: � % successors in intcre�t. Any forbearance by i.ender in exercising any right or remcdy shall nat be a waiver of or preclude the
<br /> ___ �`':�`-�rr:�;,�����._•• exercise of any right or remedy.
<br /> `*y-"='^���'`��e�• • 12. Saccessors and Assi�ns Baund; Joint and Several Ll�bility; Co-signers. The covenants and agreements ot tn�s
<br /> . . Sccuriry Instrument shall bind and benefit the successors und assigns of Lender and Borrower, subject to the provi�ions of
<br /> � ` paragraph 17. Borcawer's covenants nnd ugreements shall be joint and several. Any Borrower who co-signs this Security
<br /> � Instrument but dces not execute the Note: (a) is co-siFning this Security instrument only to mortgage, grant and convey that
<br /> , ' � Borrower's intcrest in thc Property under the tenns of this Security Instrument;Ib)is not per.wnally obligatcd to pay the sums
<br /> � �ecured by this Security Instrument;and(r)ugrc�ti that I.enJer and any other Borrower may agree to extend, modify,forbear ar
<br /> ` mike•rny•rccommodatians with rcgarJ to thc ternis of thi�Srcurity Instrument orthe Nutc without that Borcower's conscnt. -
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<br /> Er 13. I,oan Charg�. If thc loan s��cured by thiti Srcuriry Instrument iti subject to a law which sets nwximum loan charges,
<br /> . and th•rt law is tinally interpreteJ tin thut the interert or other b�un charge+co[Iected or to be collected in connection with the
<br /> ;Y� Iwn exr��ed the permitted limit�.then: ta)uny wch loan rharge�hall be rcduced by the umount neceswry to reduce the charge
<br /> ��' to the permitted limit;und(b)any +um,ulready coUecteJ frcim &�rrowcr whirh�xceeded penniued limitti will be refunded to —
<br /> f " &irrawer. Lender may chix�tie tii makr thi. rrfund by rcdu�ing the principul ou•ed under ihe Notc or by making a direct
<br /> c payment to Borrower. If a rrfurxi redurc� principal, the reductiun will be trcuted us u pahial prepayment without any
<br /> ' � ��• prepayment charge under thc N�itc.
<br /> � " �� 14. Noticrti.Any nnticc to Borruwrr pruvidcd tiir in thiti Scrurity In,trument ,h�ll hc givrn by dclivcring it or by mailing
<br /> , it by firnt clas m•ril unlr••aPplicablr law �cquire� uu uf anuthe��ueth��l. The�x�tice ,hall tk direct�d to the Propeny Address
<br /> or •rny<�thcr •rJJrc�� &�rruwer Jr�i�nat�. hy notirc tu l.�ndcr. Any natirc tu Lcndcr +hap hc givcn by fint rlasx mail to
<br /> L.cndcr's aJJre�� �tatai hrr�in or any othcr addre.. L.rndcr de+ignatr. hy nutirc t��B��rruwcr. Any rn�ticc provid��i fi�r in this
<br /> Sccurity In�trumrnt�haU bc dccmcd tu havc Ixrn gi��cn tu Burr��wcr ur I.rnJrr whrn�:ircn a�pr����iJ��i in thi�paragraph.
<br /> I5. (:ovcrnin� Iaw�; tievcrsibilit�. 'I'hi� Srrurity Imtrum�nt �hall hr g���•cmcd hy titiicral luw and thc law of thc
<br /> juriulictian in whirh the Prupcny i,I�xatrJ. In thr rccnt th:a any{•r�,�i�ion��r rlau+c u(Ihi.Srrurit�• Inrtrumcm or th� Notc =
<br /> '� • c�mtlirh w•ith upplirahlc law•.wrh ronflirt �h•rU n��t afl'rrt�,thrr rru�•i.iun.��I tlii, Serurity In.trumcnt ur thr Nutc which can Ix
<br /> -� givcn cftect aithout thr r�>ntlirting pravi.iun. Tu th�.rnd thc pru�i,i�,m ot'thi.Srrurity In.trununt anJ thr Nutr urr Jcclar�d
<br /> � tii bc xvcraNle.
<br /> ; � � 16. Bnrmw•cr's Cop�•. &rrrower+liall he gi�en unr runtittnuJ ri�py uI tlie Nute an.l ul thi,tircurity In>trumrnt. -
<br /> Form 3028 9190
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