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<br /> --.__--_._—� . R��EC�n�4_ �Oi485 ��" ��.52 _
<br /> — --- pYma�rtuy nc►lay�er be ruquirod��t tlw optlon ot Lawier,if mrut�e Inwranoe cover�e(in thc�a�aunt md fur ILe perbd
<br /> t1�at l.ender rrequira)provlded by w inwrer�pprovad by Lender�in hecomea�v�ilable u�d!s obtain�d. Hono�wa�hd16wY
<br /> thc premium�reqnired w mainWn mort��o inwruwe in otYoct. or w provide�laa ratrve,until the requiranent lor mortp�+
<br /> iaw�na tnds in�000�dun�e with�ny wrkten a�roemeot betwa�n llarmwer and LRnder or�pplk�ble l�w.
<br /> _ !. 1Mpedlo�.L.ender ar iu�etu may m�ke reao��bk entria upon ard inMec.�tions of the Property. I.ander�ll�ive
<br /> o Hormwer notice u ihe timo af or pdor to u►inspection�pecifylns rwon�ble cwse for the Intpe�Kion.
<br /> 10. Ca�deouwtion. The proceecl�of�ny�ward or clalm fw dan�a,diroct or cauequenti�l. in vonnxtion wlth any
<br /> - candemn�tion or uther aking of any part of the Prc�perty,or far oanveyu�cx in Ifeu af condetruwtlon�+u�e horebY�+jW�ed�ad
<br /> ° - :hall be p�id to L.ender.
<br /> Tn the event of a totd talcing of the Pmperty,the pracendt s1u11 be rpplied to the wm��ecurad by thi�Sawdty Imtrumait,
<br /> whether or not then due. with any excess ptid to Socrower. In the evrnt of x putial takinQ of the Property in which t�e t�r
<br /> mnrket vdue of the Property immedittely befu[e the taicing is oqutl to or g�eater than the smount oE the wrtu�ecund by this
<br /> Security Instrument immediately beforc the tAkin�,unlsce Borrower and Le�er othcrvvixe�ca in wddns.the wmr�ecurod by
<br /> this Security lnst�ument shall be raducod by the�naunt of the proaeds multiplied by the fo11ow1nQ frnction: (a) the toW
<br /> -- ------- amount of the sums saured immodiatcly befon the taking, Jividod by(b) ihe fair market valuc of thc Property lmtaedl�tely
<br /> beforc the wking. Any balance shull be paid to Bonawer. In the cvent of�putinl taking of the Property in which tl�a fair
<br /> markct vatue uf the Property immodiately before the taking is less than the amount of thc sums securcd immediAtely beforc the
<br /> taking. unlcss Borrower and Lcnder othen��ise agree In writing or uniess applicable luw otherwise provides. the proceods stWl
<br /> '•' = be appliod to the sums securcd by this Security Instrument whether or not the sums are then due.
<br /> . If the Property is ahandoned by Barrower.or if,after notice by Lender to Borrower that the condemtar offers to m�ke an
<br /> award or setde a daim far damages. Borcower fAits to respond to I.�ncler within 30 days aftcr the date the notia is�ivan,
<br /> - +,�_;h. I.ender is authorfzad to collect and apply thc proceeds,at its option,eithcr to ratoration or rcpair of the Properry ur to the suens
<br /> . �� ����.� socurcd by this Security Instrument,whether ar rat then due.
<br /> `.`''"' ' "' �' Unless l.ender and Borrower otherwise agrec in wtiting. any applicution of proceads to principal shall not extetid or
<br /> y��;��.�;�°>�5"�' ' � pastpone thc duc datc of thc monthly paymcnts referred to in paragrophs 1 and 2 or change the amount of such payments.
<br /> �'",M�'�'"�'��:":�.:� .� 11.Bornower Not Released;Forbearance By I.ender Not p WAtver.�xtensinn of the time for puyment or modification
<br /> �.�;�;;�,��'-; af amortization of the sums secured by this Securiry Instrument grantod by Lender to any snccessor in interest of Bonower shall
<br /> ;,:� .., rx�t operate to release the liubility of the original Burrower or Borrower's successors in interest. I.ender shall not be requited to
<br /> - � :''': " commence proceedings ngainst any successor in intcrest ar refuse to cxtcnd time for payment or otherwise modify amortizAtion
<br /> . . >,� of the sums secured by this Security Instniment by reason of any demand made by the ariginal Borrower or Borrower's
<br /> � ° " successors in interest. Any forbearance by L.endcr in exercising any right or remedy shall not be a waiver of or preclude the
<br /> ,��;a,',,.,__,_:..�:.__; exereise of any right or remedy.
<br /> , . •• 12. Succeswrs and Assi�ns Bound; Joint And Sever�t I.inbitity; (:o-signers. �lhe covenants and agreements uf tliis
<br /> � Security instrument �hall bind und benefit thc succctisors and assigns of Lencier and Borrower. subject to the. provisions of
<br /> paragroph 17. Borrower's covenunts and ngceemcnts shall bc joint and several. Any Borrower who co-signs this Security
<br /> ;;='. •• � ••� Instmment but does not execute the Note: (u) is co-signing this Security Instrument only to mortgage, grunt and convey that
<br /> ' Borrower's interest in the Property under thc tem�s of this Sccurity Instrument; (b► iti not personally abligatod to pay the sums
<br /> � • • ' '`` securcd by this Sewrity Instrument;and(r)ugrccs thut I.endcr uncl any other Borrowcr may agree to extend, modify,forbear or
<br /> make any accommcxlations with regard to the tcrm�uf thiti Security Instrument or the Note without that Borrawer's consent.
<br /> �. 13. Loan Char�es. (f the loan recurcd by this Serurity Intitrument is subject to a law whieh sets m:ucimum loan eharges,
<br /> - and that law is ttnully interpreted �o thut the inu�rest or othrr loan char�er aillectul or tn be collected in connection with the
<br /> �`�� los�n excecd the permitted limits, dicn: (u)any wch I��an charge shalt br reduced by the amount neressary to rcduce the charge
<br /> ti Q to the permitted limit; and(b)uny tiunn ulre•rdy c��liected from Barrawer which exceeded permiued limits will be refunded to
<br /> ; Rc�rrowcr. l.c�ndcr msy rhix��c Su makc thi� rci'und by rcducing thc principal owcd under thc Notc or by making u dircct
<br /> � p:►yment to Iiurruwcr. If a rcfund redures principal, thc rcduction will hc trcuted u.+ a purtiui prcpayment without any
<br /> � prcpayment chargc unJcr thc N�itr. -
<br /> 14.Notictw. Any natirc tu eurrowcr pr��viJcJ ti�r in thi�Scrurity In�trumrnt tih•rll Ix givrn b��dclivcring it or by►nailing
<br /> it by tir�t rlass muil unlc�.applirahlc law rryuire� ux uf a»uthcr mcth�xi. Thc nutirr�hull hc dircctcd to thc Pruperty Address
<br /> ', . or uny ��thcr adJrr�s &�rzuwcr dr+ignatc� hy nuticr to LenJrr. Any nutir� tu LrnJrr �hull bc givcn by first class mail to _
<br /> . Lendcr'x addre.� ,tatrd hcrrin or any othrr addr.�� I.rndrr Jc�ignat�� b�• nuticc to &irr��u•rr. Any nutire providc.�t fi�r in this
<br /> Security In,trumcnt.hall Ik dccmcd tu havc h�rn givcn tu B��rcua•cr ur Len�cr wl�cn givrn a�pruvided in thi�paragraph. -
<br /> 15.Gncernin� I.aw•; tic��crability. Thi, Sr�urity Imtrumcnt .hall Ix gu�•crnrJ hy fcdrral Isa• and the luw of the
<br /> • ` juri�diction in whirli thc Prupert�• i+likatcd. In th�c�•rnt that �ny pr�n•i,ian nr�lau�c��f thi.Srrurity Imtrument or the Note
<br /> conflich with applirable la��.wch cuntlict tihatl ix�[ :dtrrt uther pru�•i.iun.<�I'thi,Srcurit�•In�trument or thc Note whinc�an be -
<br /> given rffrrt a•itliout the c�mtlirling pr�»•i�iun. Tu thi+rnd thc�ru�i.iurt+ot'tl�i.Securitv In�t�ument and the Note are declured
<br /> s co bc,c.�cran�c.
<br /> � � + 16.t3nrroe•er's Cup�. Burrcnrcr�h:dl tk gi�rn unr runlirrmrd r��p� �,f tlir Nutr and uf thi.Sccurity Imtrument.
<br /> } Form 3028 8I90 =�
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