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<br /> • - -- - � 94..
<br /> _- ___,� payme�ue may no lon�cr be required, at ths aptfan af Lender.if iriartgage insurance coverage(in the umount cu�d for the perlod
<br /> thut Lender requires)provIded by an lnsurer uppraved by[xnder again becomes uvuilable and is ubu�ned.Borrower shall ps►y
<br /> the premiums requtred to maintain mortgage Insuranre in effect.or ta pmvide a lass rescrve,undl the tryuirement for mortgage
<br /> _ _ insurance ends in accordance wlth eny wriuen a�reement between Bonower and L.ender or applicablo law.
<br /> 9. Inspection. I..cnder or lts agcnt mny make reasonable entries upan and lnspecdona of the Property. L.endcr shall givc
<br /> Borrower notica at the time of or prior w an inspection specifying reasonable cause for the inapection.
<br /> lm.Condemnation. The praceeds of any award or c1�im for damages, dirert or consequential. in connection wlth eny
<br /> cartdemnadon or other tekbg of any part af the Property.or for conveyance in lieu of condemnatton. are hereby assigned and c
<br /> ''�� shall be paid to Lender.
<br />_ In the event of a total taking of the Property,the proceeda ahall be applied to the suma secured by this Security instrument�
<br /> whethor or not then due, with any excess paid w Borrower. In the event of a partial tekins of thc Propesrty in which the fair
<br /> ` " , ;,��;'� �,�::�;..; msrket value af the Property lmmediatcly before the taking is equal to or greater than the amount of the sums secured by thie
<br /> �a ,_ h'•":;�_• � Secudty Instrument immediately befon the taking,uniess Borrower and Ixnder otherwlse agree in writing.the sums secured by
<br /> :.�ls,r.
<br /> . �s• �; •r7 t this 5ecurlty Instrument shall be rcduced by the amount of the proceed� mult�plied by the following fraction: (a) the totat
<br /> _ �., '����, ��� amount of the suma secured immediately.befure the taking, divtded by(b)the falr murket value of the Property immedistely
<br /> , • ,.;�..: •. .
<br /> , " , `a� �`� before the taking. Any balance sheil be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> � � • `�� .-��•:'' : '•. market value af the Proporty immediately before tho taking is less than the amount of the sums secureci immediutely before the
<br /> . - • . , taking, unless Borrawer and I.ender otherwise Agree in wdtins or unless applicable law otherwise provides,the proceeds shall
<br /> ��" " . . 'F �� be applled to the sums secured by thts Secudty Instrument whether or not the sums are then due.
<br /> :... If the Property is abandoned by Borrower,or if,after natice by Lender ta Borcawer that the condemnor offers to meke an �-_
<br /> -- awarc{ or eeftir a ciai��i f�, d�uiyag�s. I3orrowac fa�ts t:, j��po�xt to I.�,r�er w{thtn 30 days after tha datc the noti� is given, _
<br /> , Lender fs authortzed ta callect and apply the procecds,at tts option,cither to restoration or repair af the Praperty or to the sums
<br /> �� ��� "� , � aecured by thls Securiry Instrument,whether or nat then due. � ��•�_-
<br /> � t Unless Lender and Borrower otiierwise agree �n writin�, any applicatian of proceeds to pr�ncIpal shall not extend or
<br /> . � . postpone the due date of the monthly payments refened to fn paragrnphs 1 and 2 or change the amount of such payments. _
<br /> • "' 11.Bonower Not Released;Forbearnnce By I.ender Not a Wniver.Extension of the time for payment or modification _
<br /> ' of umortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shaU ��
<br /> not operate to release the liability of the orIginal Borroweror Borrawer's successors in Interest.I.ender shall nat be required ta �....;
<br /> cammencc prcxeedings against any successor in interest or refuse to extend ttme for payment or otherwlse modify amonfzation �._
<br /> " of thc sums sa:ured by this Security instrument by reason af any demand made by the original Barrawer or Borrower's �
<br /> _ __ xucces.r•orn in interest. Any forbearance by I,ender in exerctsin�uny rtFht or remerly shall not be a waiver of or preclude the �
<br /> cxcrckc of any r��ht onrcmedy. �;�-;
<br /> " 12.Succe.ssors and Assigns Baund;Jotnt and Several Liability; Co-stgners.The covenants and a�reements of this �""-
<br /> Security Instrument shull bind and benefit the successors atxl atisigns of Lender and Borrower. subject to the pravisions of —�y�'
<br /> parugraph 17. Banower's covenants and agreements tihaU be joint and severnl. Any Borrower who co•signs this Securtty •
<br /> Instrument hut dcxs not execute the Note: (u) is co-signing this Security Instrument only to mortguge,grant and convey that
<br /> &irruwcr'r intcrest in thc Property under thc terms of this Security Tnstrument;(b)is not personally obligated to pny the sums �
<br /> „ , sccured by this Security Instrument;and(c)agrees that L.ender und uny other Borrower muy a�rec to extend,mcxlify,forbear or �
<br /> muke uny ucrommixfationti with regurd to the terms of this Security Instrument or the Note without that Bormwer's rnnsent. �"
<br /> • . 13.I.o�tn Char�c.w.If the toun secured by this Security Inst�ument is subject to a law which sets maximum loan charges,
<br /> u�xi thut Inw i��nully interpreted u� that the intere,t or othcr loun chargeti collected or to be callected in connectinn with the
<br /> lann exre��f the�xrmitted limitx, then:(i�)any such Inun churge shull be reduced by the umount necessary to reciuce the charge
<br /> •� � to the permitt��i limit:unci fb)uny sum�ulrcudy collccted fram Barrc>wcr which excceded permitted limits wilt 6e refunded to
<br /> , •� &irn►wcr. L.enJer muy chcx�se tc� make thiti refund by reducing the principul owed under the Nnte or by making n direet �>
<br /> payment tn B��rrowrr. It' u refuud reduces principal, thc reducti�in will be treuteJ ux u p;ir�ial prepayment without uny �
<br /> prcpaymcnt churge undcr thc Natc. �
<br /> • 14.Notic�w. Any nnticc tu Barccnvcr providcd for in thi� Sccurity Intitrumcnt shall bc given By dclivcrin� it or by mailing
<br /> it by tir.t cla�ti muil unlc.ti upplirahlc luw rcquires u.r af anuihcr nuthod. Thc noticr�hi�ll bc dircctcJ to thc Pro}xrty Addmss
<br /> ��r uny utlkr �Kldre�y Burr�iwcr dc�i�natr+ hy nutirc tc� IAndcr, Any notirr tu Lc►idcr shall hc �ivcn by first clu+s mail to
<br /> landcr'.cxldn�. .tatrd hcrcin<ir uny othcr addresx I.enJcr dc�ignatc+ hy noticc tu B��rrua•cr. Any noticc providcJ fi�r in this
<br /> Scrurit� In.trwncnt rhull Nc dccmcd tc�havc bccn gi�-en tu&rrr�iwcr crr Lendcr u�hen�ivcn a.pr�wiJcd in this p:�rngraph.
<br /> 15.Gm•ccninu i.ua•: �vcrabiNty. Thi� S�rurity In.trumrnt +h.dl hc g�»•rrncd by 1'cderal IuN• and thc luw of thc
<br /> .turitidictian in�v�iich thr Pr���rty i. I�Katrd. In the event that an}� pm�-i,iun ur rlautie��f thiti Security ]n�trununt or thc Niitr
<br /> ' cuntlirh with npplirublc Iuw. �unc�unllict shal� nut :d'I'cct athcr pro�•i,iom of thi�Scrurity In�trumcin��r thc Nutc which can hc
<br /> givcn rtfitt wiUu ��i thr rnnllirting pr�rvi.inn. Tu thi.cnd thc pruvi�iun.of thi.Srrurity ln,trumcnt and thc Nc�tc arc Jcclurcd
<br /> ' , to hr�rvrmhlr.
<br /> 16. Horro�scr'x('op��. Hurr��a�r�hull hr gi�•cn unr conli�rmrd rupy uf thc N<,tc and ul thi.Sccuriry Instrumcnt.
<br /> i
<br /> Form 3028 9I80
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