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<br /> — puymenta may no longer be required.At the aption of i.cnder. if martgago iosurunce covernge (in the zim�unt and for the pertod �:���.-"'�'-i""°�"-°
<br /> .e s..n�'�Y�=S.i_+�+_�
<br /> _ �.-._�,,.� thut I.ender requires)provided by an insurer uppmved by i.ender ugain becomes avnilable and fR a6taineci.Bormwer shap puy �--_e;:;•W;.-.--_:;�,.
<br /> .�.... �
<br /> - the premtums required to maintain mortga�e Insurance In effect.or ta pmvIdc u loss reservc.until the requirement for m��rtgage .° .,_�
<br /> '�`� ;w;� lnsurance en�s in accordance wtth any wdtten Agn�ement between Borr��aer and l..ender or nppliasbla lA�v. `"'•�"' } �---:
<br /> ^�^ ���' 9.Inspectton. L.ertder or its agent may make ma�onnble entries upon und lnspecttans of the Pmperty. I.ender shali�ivc _ ,�-n,�ti��--
<br /> �,.,,f't_��`�. n� '-
<br /> Borrower nutice at the time of ar prior to an inspection specifying rcasonuble cause far thc inspection. , ,,.,�,,.,�,;..
<br /> —•�=LLS�W 4_4_3�'� .1'-..'�}1.:'_u'�'..
<br /> y�T.,:,�:.,_�� 10. Condetanallon. The proo�eds of enY award or cluim for damages,direct ar consequentinl,in connectMn with any h :.T}.,._,,r,:s. _
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<br /> •�• � condemnation or other tuking of any part of the Property.or for conveyance in lieu of condemnation,are hereby ussigned and �.-�-rr«�._,-_
<br /> �;� �:s'-•:;'.•�` shall be paid to I.ender. � '�' "'
<br /> ;,'� •�-.:��.:.�. .
<br /> - In the event of a total taking of the Property.the proceeds shal!be applied to the sums sPCUr+ed by this Secudty lnstrucnent, .'.'�`�t�Y'�
<br /> ' �� - � whether or not then due. with any excess puid to Borrower. In the event of s partlel takiag of ihe Froperty in which the fair _. . __.,"���_���-��w';''�
<br /> �''• � - �'•��' market value of the Property immediately before the taking is e�ual to or greater than:hc amount of the sums secur�ed by thia : ',c�.:;�:: '� •
<br /> T Security Instrument jmmediately before the taking,unless Borrower and I.ender otherwise agree in writing.the sums secured by ��
<br /> ' •• ' this Securicy Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the totat , ` . _
<br /> � • �;.'�;;� acnount of the sums secured immediately before the taking,divided by (b) the fair market valuc of the Property immediately ,:;`r.�;_..r.�=
<br /> � , before the takins. Any balance shall be paid to Borrower. ln the event of a parti�l talcing of the Properry in which the fai� '., . ._,. ;{x_. =
<br /> � ..
<br /> ._ ;,' ti; market value of the Property imme�iately before the taking is less than the amount of the sums secured immediately before the f ,: •,� i�`"
<br /> � • taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall , •�;,;.;,_�„;_;;,�.
<br /> ,' "��..�-v.„��,,'V
<br /> �� � be applied to the sums secured by this Security instrument whether or not the sums are then due. ;. �F*�.•
<br /> • .- � '' If the Property is abandoned by Borrower,or if.after notice by I.ender to Bornower that the condemnor offers to make an �'='����`'C;
<br /> ��� ° - •.• award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, ;:"=`-""�`- _
<br /> Lender is author�zed to collect and apply the procceds.at its ogtion, either to restoration or repair of the Property or to the sums ;..�;���_Y
<br /> " � secured by this Security Instrument,whether or not then due. , ,�-��;�; .,,.;
<br /> Unless I.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or �� ��"=��' �
<br /> �� tn;.•,�- : t.`
<br /> Q .: � postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. �s.,::;:�,���j .: -
<br /> ll.Borrower Not Releasetl;Forbearance By Lender ldot a Watver.Extension of the time forpayment or modification . • '.,f;'�r;��;�`�,��; r.;
<br /> '�;� � ' of amortization of the sums secure�by this Security Instrument granted by Lender to any successor in interest of Borrower shall ��t:.:
<br /> ,.'`'.,f(.•..�_�'.
<br /> • • not operate to release the liability of the original Bonower or Bun�wer's successors in interest. I.ender shall not be required to ..,,;,ar,. '^ _
<br /> •'" commence proceedings against any successor in interest or refuse to extend time for payment or othetwise modify amortization � �•
<br /> •� ,., , � _
<br /> . , •._ . of the sums secured by this Security Instrument by reason of any demand mada by the original Borrawer or Borrower's
<br /> • •� ' . successors in interest. Any forbearance by I.ender in exercising any right or remedy shall not be a �vaiver of or preclude the .
<br /> Pxercise of any richt or.remedy. �' ?
<br /> 12. Su�sors and Asstgns Bound;Joint and Several Ltabtlity; Co-signers. The covenants and agr�ments of chis ' a��
<br /> •, , �, Security Instrument shall bind and benefit the successors and assigns of l.ender and Borrower, subject to the provisions of .
<br /> paragraph 17. Borrower's covenants and agneements shall be jaint and several. Any Borrower who rn-signs this Security , �';�;���
<br /> I.;;�'r.•:` � .. Instcument but does not execute the Note: (a)is co-signin� this Security Instrument only to mongage, grant and convey that '"-.��"`;'•. � !
<br /> ' Bonower's interest in the Property under the terms of this Security Instrumenr (b)is not personaliy obligated to pay the sums �''':!i:;;� `
<br /> .,.,,...�: • ;.,.. �.
<br /> '�., � secured by this Security Instrument;and(c)agrees that I.ender and any other Borrawer may agrce to ezten d, m o di fy,for b e a r or •'�'•(;:;.:f' �
<br /> ":,. ' � , make any accommodations with regard to the terms of this Security Instrument or the Note without that Boirowei s consent. � ` �,-,,,., �,
<br /> ' � `'�' 13.Loan ChArges.If the loan secured by this Security Instrument is subject to a law which s�ts maximum loan chargcs, u.�'.,,.
<br /> , and that law is finally interpreted so that the interest or other loan charges collected or to be collectcd in connection with the �d.•:�, �
<br /> ., loan exceed the permitted limits, then: (a)uny such loan charge shall be reduced by the amount necessary to reduce the char�e � "; � »
<br /> to the permitted limit;and(b)any sums already collected from Bc�rmwer which exceeded pertnitted limits will be refunded to ��3� ''�-�
<br /> � Bonower. L.ender may choose to make this refund by reducing the principal owed under the Nae or b�� making a direct , : '�'��.
<br /> '. • payment to Borrower. If a refund reduces principal, the reduction will be treated as a panial prepayment without any � ;,.:�:-
<br /> �. • prepayment charge under the Note. ,." ' • '
<br /> ','�`'•� 14.Notices.Any notice to Borrowe�provided for in this Securiry Instrument shalt be given by delivering it or by mailing ,� .;�„,;; •
<br /> ?j�,ti��h;,;. . � it by fir�t class mail unless applicable Iaw requires use of another method. The noticc shall be directed to the Property Address .�''<,:..�,
<br /> e. ',,v.,,r., �.
<br /> � ' . or any other address Bormwer designates by notice to I.ender. Any notice ta Lendcr shall be given by first ctass muil to ,
<br /> �, � `;,;,. L.ender'r address stated herein or any other address l.ender de�ignates by nntice to Borrow�er. Any notice provided for in this __ ''�
<br /> � ` Security Instrument shall be deemed to havc been given to Borrower or Lcnder when given as pro��ided in this paragraph. `'J , •
<br /> . I5.Governing Law; Severabillty. This Security [nstrumcnt sha11 be governed by federal law and the law of the • ,
<br /> , ° jurisdiction in which the Property is located. In the event that any provision or clause of thi.Securiry lnstrument or the Note
<br /> conflicts with ppplicable law,such conflict shall not affect other prc�visions of this Security Instcumentor the Note which can be
<br /> ' given effect without the conflicting provisian.To this end the provisions of this Security Instrument�nd the Note are dectared
<br /> ;,,�, • to be severable. .
<br /> �°-�•r 16.Borrower's Copv.Borrower shall he given ane confomied ce>py of the Note and of this Security Instrument.
<br /> . ' Form 3028 9I90 ' ' •
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