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<br /> paymentc rrtiy no lon�er be rrquired,pt the aptlon of Len�kr. if mort�tge incurmce cover�ge(In the amount and for the period
<br /> tl�t I.aixier roquircs) provided by an inaurer�pproved by i.ender�gdn�eoomes av�ilsbla aad h obtained.Han+nwer sh�ll pRY
<br /> tbe promiums requirod w nuinWn mort�e inwnu�ce in ePFxt,or to provide a loea rescrve.until the roquirement for mort�a�e
<br /> lcwtnnce end�in accordn�ce with aay w�itten�roement between Borrowe�and Lender or applicable I�w.
<br /> !. Lttpectioa. Lender or its agent tnay nwlce rcasanable entries up�n and inspections af the Property. l.cnder�hall�ive
<br /> Barrower notice at the time of or priur to an in�pection cpecifyin�rcasoruble cause for the inspection.
<br /> 10. Condetnn�tbe. The proaods of any award or claim for damages, direct or cotuequential. in connatiion with any
<br /> -_ - cu►Klenuwtiou ur other taking of�ny pnrt uF tiie Property.or for canveyance in licu of co�xiemnation, �re heceby usst�rud and
<br /> �Itall bc paid to L.ender.
<br /> Jn the event of a taal taking of the Property,the proceods shall be appliod to the surtu securod by this Security Inurument,
<br /> whether or not then due, with any excess paid to Bonawer. In thc event of a partial takins of the Pmperty in which thc f�lr
<br /> market vulue of tlu E'rop�:rty imnxdiately before the taking ix equal ta ar greater than the amount of the wms sxurod by this
<br /> Security Instrument Imrnediately before thc taking,unless Borrawer anci l.ender otherwisc agrcc in writing.the sums securod by
<br /> _ �°°__°_°°� this Serurity ln;trument shali be reduced by the amount of the procecds multiplicd by thc fallowing fraction: (a) the total
<br /> anwunt of thc sums secured irnrtialiately.before the taking, divided by(b) the fair market vulue of the Property immediately
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market value of the Property immediately before the tuking is less than the amount of the sums secured immediately beforc the
<br /> ' taking, unless Borrower and L.ender othenvise agree in writing cu unless applicable law otherwise provides.the praceeds shall
<br /> bc appliod to the sums secured by this Security Instrument whether or not the sums are then duc.
<br /> — If the Property is abandoned by Borrower,or if',after iwtice by C,ender to Borrawer that the candemnor offers to make an
<br /> awa�d or settic a claim for damages, BoROwer fails ta respond to Lender within 30 days ufter the date the notice is given,
<br /> Lender is authorized to col lect and apply the pruceeds,At its option,either to restoration or repair of the Property or to the sunu
<br /> ," '��'� • ��=�' secured by this Security Instrument,whether or not thcn due.
<br /> Unless [.ender and Borcower othernise agree in writing, any application of proceeds ta principal shall not extend or
<br /> postpone thc duc date of thc monthly paymentti refcrred to in paragraplis 1 and 2 ar chanse the amount of such payments.
<br /> I1.Borrower Not Rele�ed;Far6earsmce By I,ender Not a WAiver. Extension of the time for payment or modificatian
<br /> � �i�� of a�nortization of the sums secured by this Security Instrument granted by Lender to any successor in iaterest of Borrower shall
<br /> - ��•s'� not operate to release the liability of the original Borroweroc Borrower's successars in interest. Lender shall not be requiced to
<br /> '•�:�`!���l��r� �' • •��'� conunence proceedings against any successor in interect or retuse ta extend time for payment or otherwise malify •rmortization
<br /> "'""'����' � • ~ of thc sutns securcd b this Securit Instrument b rca.son af un denwnd made b the ori inal Borrower or Borrowc�s
<br /> � ��,W. �...:�.. ',-, • Y Y Y Y Y B
<br /> ' r� ��� xuccesuus in interest. Any forbearance by LenJer in exercising any right or remedy shall not be a waiver of or preclude the
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<br /> �- ��� • � • • cxerctsc ot any nght or•rernedy.
<br /> , , _,. . , 12. Successors and Assigns Bound; Joint and Sevewal I.iability; Co-si�nen. The coveru►nts and agrcxments of this
<br /> �• , ' Sccurity Instrument shnll bind nnd henefit thc successors and assigns of l.endcr and Borrower, subject to thc provisions of
<br /> ,�..°�. parugraph 17. Borrower's covenants und agreements shall be joint und several. Any Borrower who co-signti this Security
<br /> Intitrument but dcxs not execute the Note: (a) iti co-signing this Security Instrument only tu mortSagc.grant and cnnvey thut
<br /> &irrower'x interest in tlx Property undcr the tcrnn ut'thir Security Instrument;(b>is not persanully obligated to pay the surnc
<br /> µ, kcurec!by tliis Security Instrument:und Ic) ugrees that Lender and uny other&�rrower may agru:to extend, mc►dify,furbe:►r or
<br /> � .:� . ' muke any sccomm�xlutions with regard to thc terms of this Security In+trumcnt or the Note without that &irrowcr'+r�nsent.
<br /> 13.Lo�n Char�es. If the lurn sc�ured by this Securiry ln�trumrnt i,suhject to u luw which tictti maximum loan charges,
<br /> _ and that law i�finally intcmrctcd�o that thr imcrest or oihcr Inan rhurgc�rollcrtcd or to hc collccted in conncction with thc
<br /> !' loan exceed the permitteJ limits, then: (a)uny wch luun rlwrge,hall be reJuced by the umount necestiary to redurc the charge
<br /> � ` ta the pemiittcd limit;and Ib) •rny tiwns already collected from Borrower which �xce�JeJ permitted limits wiU tie refu�xled ta
<br /> , . &�rrowrr. I.cndcr may ch�x�s�t�� makc thi. rrfunJ hy rcducing thc prinripal uweJ undcr thc Natc or by making u dircct
<br /> , payment to Borrou-rr. lt' a refunJ reduces prinripal, tlm reJuctiun ti�•i11 hc treated as a parti;�l prcpa}�ment without any
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<br /> prcp•ryment rhargc undcr the Note.
<br /> • 14.Notice�.Any notice to&�rruw•cr prnvided ti�r in this Securiry Intitrument.hall Ix given by dclivering it or by �n:►tling
<br /> it hy fi►•.t rla�.mait unlcy�applicaMr luw r�yuirr.u+c��f ancithcr mcthcxi. Thc n�itirc.hall tk Jircrtcd to thc Pn�rty AJdre.ti
<br /> , or u�i� uther aJdre�, &�rrowrr dr+ignuteti by nutire tu I.cnder. Any nutice to I.�ndcr ,hull bc given by fint rlas� mail to
<br /> LrnJrr'.aJdres, ,rrtcd hcrein ur any othcr addre�� Lrndcr dc�ignatc+ by notirc tu Bunow•cr. Any nciticc providcd ti�r in this
<br /> � . ,, Scrurit� In.trument shall hc Jrrm��l to have txwn�i�•rn tu&�rruwcr ur Lendrr when given ati pruvidrd in thi�paragr•rph.
<br /> • `f� IS.Gm•crnin� I,QK', tie��crubilit�•. Thi� Srrurity In�trumcnt .hall br gu��cntcd hy frdcral law and thr law of thc
<br /> -- " .ju�iKiiction in whirh the Property i� luratc�t. ln thc rvcnt Ihut any pnrvi.ion or clau,c ul'thi.Sccurity In�trumem ��r the Nutc
<br /> � runtlirh with•rppliraMc luu•. tiunc�untlirc tih;dl not affcrt�xhrr provi�i��m of this Scrurit�� In,trument��r dic Notr whirh wn lx
<br /> _ givrn cttcrt withuut thc c��ntlictinE pr��visi��n.Tu thi,rnd thr provi.rinn.��f thi,Scrurity In,trumcnt and thr Nute arc J�tlar��l
<br /> � • tu tk.r��craMc.
<br /> " ! • 16.i�rrrnw•er's Cop�•.Barcuwer�hall tx g��•cn�mc runtiirmed rupy of thc Notc and uf thi�Security In+trunxnt.
<br /> Form 3028 S190
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