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<br /> ,� ,, pnyments may no longer be requtred,at the option of Lender,if mortgoge insursnce caverage(in e amount and for tho period �..;3�,;;oY;,..,,.__—_.__
<br /> ;,� ' , that l.ender requlres)provided by an insurer approved by I.ender aAain becomes availablc and is obtatned. Borr�wer Rhall pay -T9-�•-`
<br /> ° the premiums required to maintnin mortgage insurance in effect,or to provide u loss reFerve,until the requirement for mortgagc �' °`?," '"��
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<br /> � ' insurance enda in accordance with any wrltten agreement between Borrower and l.ender or applicable law. ;�N:'�:��;�___
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<br /> 9.InspecNon.I.�nder or its agent may rnake reasonable cntdes upon end inspections of the Property. Lertder shall give .:� •.°� .31►i�:�;.�_
<br /> '�• Harrawer notice at the time of or pdor W an inspection specifying reasonable causo for the inspection. • . '-"
<br /> :�- � ,,:.:�.Y_.�._
<br /> • 10. Condtmnation. The proceeds of any award or claim for damages, direct or consequential. !n connection with any �''.<��'�4�:°P�.�.,_
<br /> � condemnation or other taking aF any part of the Property, ur for conveyance in lieu of condemnat�on, ar�hereby assigned and ,.. . , __
<br /> , � shall be pafd to Lender. ° .. .-
<br /> '' • In the event of a tatal taking of the Property,the procee�a shall be applied to the sums secured by this Securlty Instrument. - . � °
<br /> ' whether or not then due, with any excess paid to Borrawer. In the event of a partlal taking of the Praperty in which the fair � , '-
<br /> �� � market value of the Property immediateiy before the taking fs equal to ar greater than the amount of the sums secured by thia '�„ ° ' `
<br /> ' • „�� Secudty Instrument imn�ediately before the taking,unless Borrower and L.ender otherwise agrec in wdting,the sums serured by • .
<br /> ° . this Security Instrument shall tse reduced by the amount of the proceeds multipficd by the followin� fractlon: (e) the total - .
<br /> , amaunt of the sums secured immediately before the tekin�, divfded by (b)the fair tnerket value of the Property imtnecliately .
<br /> ' before the takin�. Any balance shall be paid to Bonowar. In the event of u partial taking of the Property fn which the fair „ .,. . • ,. „ •
<br /> �% � " market value of the Property immediately before the taking is less than the smount of the surns secured immediately befare the '
<br /> ' taking. unless Borrower and Lxndar otherwise agree in writing or unless applicable law otherwlse provides. the proceeds shall •
<br /> be applied to the sums secured by this Security Instrument whether or nat the sums are then due. ., .
<br /> . _ __ tf rhr Pmrx•rty ia ahandoned hy Bonower.or if.after nodce by Lender to Baaawer that the condemnor offer�to make sn ____ ___ _
<br /> award or setdc a claim for damages, Borrowcr falls to respond to I.ender within 3U days atrer the date the notice is given, : 1` ''
<br /> Lender is authodzed to callect and apply thc praceeds,at its option,either to restoration or repair of the Property or to the sums ". , s +�
<br /> secured by this Security Instrument,whether ar not then due. � �' �� .
<br /> . �, Unless I.ender and Borrower otherwise agree in writing, any application of procceds to principal shall not extend or �', �
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<br /> .i � postpone the due date of the monthly payments referred to in paragrnphs 1 and 2 or chan�e the amount of such payments. „
<br /> '' I l.Borrower Not Released;Forbearance By I.ender Not a Waiver.Extension of the time for payment or modification ...,.��; -
<br /> of amortization of the sums secured by this Secudty Instrument�runted by L,ender so any successor in interest of Borrower shall � �,
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<br /> > not operate to release the liability of the original Borrower or Borrower's successors in interest.Lender shall not be required to �� -
<br /> commence praceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization �'�+.���
<br /> • of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's ' ';.�"'4��
<br /> � �' " � t i»•..�...� A.... f.{.n r. nn i.•• T r.��Irr in Pvrrr{c�np at1V riwht nr rrmedy shali not lx�a wniver of or pretlude the � �•��
<br /> _. . .� _. _.. . .. � nu�.. wio i��.......... . .y ......«2...C..' `� ^'•'-- � '- ' —
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<br /> � ,� ~ axercise of any right or remedy. �
<br /> 12. Successor� and Assigns Bound;Jotnt attd Several Liability; Co-siqners. The covenants und agreements of this ���' +
<br /> Security Instrument shull bind and benefit the successors and assi�ns of L.ender and Borrower. subject ta the provisians of "i ;.
<br /> �arngrnph 17. Borrower's covenants und agreements shall he joint and several. Any Harrower who co-signs this Secudty � �: �
<br /> Instrument but does not execute the Note: (a) is cn-signing this Security Inctrument only to mort�a�e, grant and convey that , ' '
<br /> &�nower's intcrest in thc Property under the terms of thiti Security Instrument;(b)is not personally obligated to pay the sums
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<br /> secured by this Security Instrument;and(c)ugrees thut l.cndcr and uny othcr Bnrrower may a�ree to cxtend, moctify, forbcar or '�°
<br /> make uny accommadutions with regurd to the terms of thi+Security lnscrument or the Note�vithout that Borcower's rnnsent. ,';:
<br /> 13. Loan Charges. If thc loan tiecured hy this Security lnstrument is subject to u law which sets maximum loan charges. �'.,�:,,'�
<br /> �• and thAt law is finally interpreted xo tiiut the interetit or other I��un rhur�et collected or to be coilected in connection with the •�*•°i�
<br /> �..•;
<br /> . loan excced the permitted limitti,then: ls+)any tiuch loan charge shaU bc reduced by the amount neccsuiry to reeiuce the charge ,���:e�t��
<br /> � to the permitted limit: und (b) any sum.almady collected frum Borrower whirh excxded permitted limits will be refunded to ��•�+�•��''"''
<br /> • Bonower. L.ender mu chootic tn makc thi� refund b reducin the rinci al owcd undcr thc Note or b mukin a direct �'����'
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<br /> payment to Borrrnvcr. If u refund redurc� principal, the rcduction will he trcuted a. 3 partiui prepuymcnt without nny
<br /> • prepayment charRc undcr thc Note. � .
<br /> 14. Notices. Any notice to Borrower proviJcd fiir in this Securiry In.trument shall hc given hy delivering it or by mailin� •z ,
<br /> it by ftrst class mail unleti,appticable law rcquire�u+c o(unother meth�id. The notire�hall be dimcted to the Pmperty Address
<br /> or any other acidre+� &�rrower de�ignatc� by notirc ta LenJcr. Any notice to l.�ncicr .hull be given by firse clati.mail to ' ' _
<br /> I.ender's addre�s ,tutcd hercin or uny other addre+s I.enJcr de+i�nates by nutire t�� &�rrowcr. Any notice provided for in this
<br /> � &ecurity Instrumrnt�hall bc deemed t��havc becn given tn B��rrnwer ur I.rnder whcn givrn a� pn�vidcJ in thiti parugraph, • :'
<br /> IS.Gnverning l,aw; Severnbility. Thi, Sccurity Imtrununt .hall hc govrrncd hy fcdrral luw and thc la�v of the
<br /> jurisdicti�m in which thc Prcipeny i� loratcd. In tlu c�cnt that any pmvi�ion ur rluu.c uf thi+Sccurity Instrument or the Note , .
<br /> cantlich with applicaMle luw,such ronflirt+hull nut ut'f'crt ��thcr provi�iunti of thiti Srrurit�•In�trumcnt ur thc Notc which cun tk '
<br /> givcn effect without thc contlictin�pruvi�ion. Tu this�iKi thc pruvi�ion+ul'thi, Scrurit}•1n�tNntcnt anJ the Ncitc are declured
<br /> . to be sevcr,�ble,
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<br /> 16. &►rmw•cr's Copy.Biirrowcr�hall bc gi��cn�,nc rcmfi,nrnJ rup�•of th�Nutr and nf thi�Sccurity Imtrun.ent. ;
<br /> Form 3028 8190 �
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