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<br /> ����v� pn�mentR muy na longer bc required,at the aFtion af l.ender,if martgage insursencc caveroge(in the umaunt and for the per�od
<br /> ° ''�"�""`�""� thut I.cnder requires)provided by an insurer approved by Lender aBnin bcx�mes nvuilnble and is obminod.Borrawe�shall pay -°°'-�---
<br /> l4fM!h�ii �-a°':-.`_-_
<br /> � ,-.•� ehe prc�niumg[equircd ta mn3ntain mactgage insomnce in effcct,or tn provide o loss reserve.until the requirement for mortguse _::__-,_.___
<br /> ine�urance ends in nccordunce wlth w►y wdtten ugreement between Bc�rmwer and Lender or npplicuble Inw.
<br /> ����'� 9.Ingpecttan. [.ender or ita agent muy makc rcASOnabl@ entriea upnn und inspectians af the Praperty. L.ender ahall give °°°°
<br /> - `�1 •' Borrawer natice at the time of or prlar ta un inspection specifying rcasanable cuuse far the inspcctian. _
<br /> . �I����;:��. l0. Condemnution. The pre�eecis af uny uwani ur cluim fi�r dutuu�es.direct �x cunsequential. in eonnectian wtth s�ny �-------__- - - -
<br /> " ,. .T�� ' cundemnutian ur uthcr taking af nny patt of thc Praperty, or for cnnveynncc in lieu of condemnatiun,are hereby assigned and �'.'�-��-_-__ -�,._..
<br /> ' . � ; s{�all be paid to L.ender.
<br />- ' "'�"`'`�'" =` In the event af u tatal tnking of the Property.the procecds shull be upplied ta the sums necured by this Securiry Instrument, �_--
<br /> . '"t�n�:"' :� �'°}i.:,.' whether��r rtot then due, with any excess paid to Borrawer. In thc event of a pnrtte! wking af the Praperty in which thc fuir �:;�_-'�-
<br /> , !r_-•:}t''. '�'-':'t
<br /> :,.••:., . � •;r market vnluc of the Property immediately before the tnking is equal to or grcater thun the umaunt of the sums scxurod by thia t � ,..__
<br /> �� ��-''�°�. : . _. �'';;ai SccurIty Instrument immediately before the taking, unless Borrowcr and I.ender othcrwisc u�rce in writing.thc sums securat by ���--_
<br /> .. .z, �:,;.-:i;:.,•,- -
<br /> • ' this 5ccuriry Mstrt►ment shull be reduced by the umount of the procceds multiplied by the following frnctian: (a) the total t A! ______,__
<br /> . �.'� �. �� amount af thc sums secured immediutely befare thc taking,dtvidcd by(b)the fair mnrket vnlue of the Praperty immediutely ''�+,� �==
<br /> � °:` befare the taking. Any balance shall 6e puid to Barmwer. !n the cvent of a .srtlul takin af the Pro rt in which the fair v`•"•="�''"''�"�'""�""
<br /> % .. .. P' S Pe Y .,�,::-�_p—.-_
<br /> L mutket value of the Property immediately befnre thc tuking is less thun the nnwunt of the sums securcd Immediately 6cforc the �:.-�-�.-•�
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<br /> � taking,unless Bormwer nad i.ender atherwixc agree in wrlting or unless upplicabic luw otherwise provides, thc proccciis shalt
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<br /> �� �� be applied ta the sums secured by this Secu�iry Instrument whether or not the rums are then due. �; �,,:-`�-
<br /> ��. ' + If the Propercy is abandoned by Bam►wer.or if,after notice by L.ender to Borcower that the cortdemnor offers to make an ----
<br /> �t � awsud or sett�e a claim for damages, Borrower fnils co cespond to [.enJer within 30 Juy�after the date the natice Is given, _ - ��- �
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<br /> . . ., ��
<br /> L.ender is nuthoriud ta caltect and upply the pmceeds, at its optiun,eicher to re+[arution ur repui�ui ti�c F�u},c�ty or ta the�ur�s =_-�
<br /> � secured by this Securlty Instrument,whether or not then due. , -=�°
<br /> Unless Lender and Barrower atherwise Agree in writing, uny applicatinn of proceeds to principal shall not extend or '�=`s�
<br /> postpone ahe duc dute of the monthly payments referrcd to in parugraphs 1 and 2 c�r ch�nge the amaunt of such payments. , ; _
<br /> -� - I1. Borrower Not Released;forbearance�y I.ender Not�Weiver. Extension of the time for payment or madif icution �
<br /> ;.
<br /> of amortization of the sums secured by this Security intitrument granted by I.c�der to any successor in interest of Borrower shall "'`:-__
<br /> ' nat opernte to release the liability af the originul Borrower or Barrower's successars in interest. L.ender shall not be required to ---°
<br /> • commence proceedings a�ainst any succeswr in intercst or rcfuse to cxtend time for payment or otherwfse mcxlify amortizution `�`�� _
<br /> „ , of the sums s�cured by this Security intitrurnent hy renson of any demand made by the uriginal Barrower ot Borrower's •' ,��
<br /> �• successor�in intercst. Any forbe:trance by l.ender in ezercising any right or remedy shull not be :+waiver of or preclude the , "'
<br /> - '�- exercice of uny ri�hc or•remaiy.
<br /> 12. Sucecssors and A�.ct�ns Bound;Joint And Several I.fability: Ci�siRners. Thc ruvenunts and agmementx of this � �
<br /> � � Security Instrument shall bind und benefit the success��n und u.+ign� of Lender and Borrower, subject to the provisions of �
<br /> ° paragrnph 17. Rorrower's covenants and ug�eements �hall tx: joint and severul. Any Borrower who co-signs this Security .;{ :� _ '
<br /> Instrumcnt but docs nat execute the Note: (u) i�ca-signing this Security Instrument only to mortgage, grant und convey that „
<br /> - ._.___._ .___-;= g�nnwnT•�imPrnct in thr Pm�tly ��tuler the ternt�of thc:Security in+trum�:nt: (bl is not personaily obligated to pay the sums �L� �. __ _
<br />_ � ' secured by this Security Instrument;and(c)a�recy that I.ender and any uther Bnrrowcr may ugrce to extcnd,mcxlify, forbear or - -'�'��`�
<br /> , make any accommaiutions with re�urd to the terms of this Scruriry Instrument or the Note without that&mower',consent. �
<br /> ., 13. Loan Char�ec. If the loan tiecured by thiti Security lnstrument i+tiubject to a law whirh�etr m:ucimum loan charges, : ,�,�•
<br /> " � and that law is finaUy interpreted.o tbat the intere�t��r other loun char�e+collected �ir to be r<iUected in rnnnection with the �.....• �
<br /> loan exeeed the pem�itted limits,then: ta)any such luan chargr,hall be rrduced hy the amount necetiwry to reciuce the rhar�e ,���. ��
<br /> . ta the permitted limit: nnd(b) any sums already collected fnmi f�nrruwe�which exceeded perntitted limits will be refunded ta `':�'�i�'
<br /> Borrawer. Lender may ch«�sc to muke thi� rcfunJ by rcdurin� thc principal owed undcr th� Note or by making u di�ect '_��,'Y_�:: -s
<br /> ' puyment to Borrower. If a refund reduceti principut, thc reduction will hc vcateJ a� a purtiu! prcpaymcnt without uny • ' �
<br /> � prepayment churge under thc Notc. . '''
<br /> - � . ... :..
<br /> 14. Piutice.+.Any nutirr to&�rruwrr p���viJcJ li+� iu Ihi,S«urity I�utrunknt+hatl h�giti•en b� dciivering it or by mailing � __ -=-_- �-
<br /> it hy fint class mail unlcs.applicable luw requirex u.e��f anuthcr mcth�xi.Thc notirc.hall he directcd to thc Property Addrex� ' �-
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<br /> or any ��ther address Bonower dc�ignates by noticc m [.rndcr. Any nc�tirc te� l.cnJcr shaU he gi��cn by tint clas�mail to .-:?"-
<br /> Lcndrr'. aJdress stuted herein or uny othcr sddress I.cnJcr dc.iknatc► hy ncnirc tu Borrowcc Any notire provided far in this ��
<br /> Sccurity 1n.trumcnt shalt he decmed to havc becn gi�•cn ta Barr����rr ar I.cixirr�vhcn gi�cn a>prci�•ided in thi�paragraph. I ��
<br /> , !S. Gnvernin� I.aw�; Severability. Tl�i� Sccurity Imtrumcnt tihall hc Z:avrrncJ hy fedcral law and thc luw i�f the
<br /> • jurisdiction in which the Pmperty is locuted. [n thc event that any praritiiun ur �I;�u+c af thi.kcurity In.trumem ur th�Note � �
<br /> ronflict�with upplirable law,sunc�onflirt,hatl n�n aftect uthcr prori.iom oT thi.Scrurity In.trumcnt��r thc Notc which can bc • '���
<br /> given effitct without the conflictin�pr��visiun. To tlii+ end the pru�•i,ion.r uf thi. Seruriry In,trunxnt and the N��te are Seclured � �
<br /> to br scvcrablc. I ;
<br /> ; 16. BormK'er's Cop��. &�rrower�hall be Eiven atx runli�rmrJ cap�• af the N�nr anJ��f thi�S�curit�• Imtrument. • _ •
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<br /> ' Form 3028 9190 I �
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