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<br /> • r�. : payments may na longer be required,at the optian of I.endcr, if mortgage insura�ce crnerage(in the umaunt and for the pedad Y"" -�-
<br /> y"'��tr'"`'`�_ �5.` thut Lender requims)provided by an Insurer approved by I.cnder ugain 6�ecom� uvailablc and is obtained. Borruwer shall pay �:��`�r'='°"
<br /> '�r"�`,,''�' ' the prer,�;ums requirad to mnintaim m�rtgnge insurance in effect,ar to providc a loss reserve,antil the requlrement far mortg�ge ,�''"'~ •�•� � .'"""
<br /> _ ., ,�.,,H.. . ,:.�,.T:.�'�+;-:-.
<br /> - .� insurnnce endR in accordance with any w�itten u�mcment betwecn Borrower and Lendor or upplicnbie law. . --
<br /> 9.InspecUon.Lender or Its p�ent may make rcasonable entrics upc�n und inspectlans af the Property. Lender shull glvo ' I '�'•'.,
<br /> Borrower rtatice at tbe time of or prlor to nn inspection specifying rrnnonable cAUSe for the lnspection. � `' __
<br /> � 10. CandemrtaHon. The proceeds of any uwar+d or duim for dumages. direct or consequentiul, in amnection w[th uny �
<br /> ` ' aindemnatian or other takin�af uny pan of the Property.or for cunvcynncc in lieu of condemnntion,are hemby assigncd sud � � ��,�i''�-
<br /> shaU be paid to Lender. ' . ,`�
<br /> fn the e�ent of a tota!isking of the Property,the procer,ds shall be upplied ta the sums scrumd by this Security Instrumem, - - - --
<br /> whether or nat then due,with any excess paid to Sonower. In the event af a partial tuking of the Pmperty in which the fair ` —
<br /> market value of the Property immedietely before the talcing is equai to�r grenter than thc simount of the sums secured by this � ���
<br /> Security instrument fmmediately before the tsiktn�,unless Borrower and Lender otherwise agree in writing,the sams secured by � '
<br /> , this Security Instrument xhall be reduced by the amount of the proceeds multiplied by the fallowing fraction: (a) the tatal
<br /> � amount of the sums secured immedintely before the taking, divided by(b)the fair market value of the Property immediately
<br /> before the taking. Any balance shall be paid to Bonower. In the event of a partial taking of the Pro�€ny in which the fair
<br /> market value of thc Property immediately before the taking is less than the amount of the sums serurecl emmediately��fore the '
<br /> taking, unless 8ormwer and Lender othenvise agree in writing or unless applicable law otherwise provides, the proc�;c,is s?eall �
<br /> be applied to the sums secured by this 5ecurity Instrument whett�er or not the sums are then clue. ,- r;�•::�:;;::��
<br /> ;,:, If the Property is abandoned by Bormv►�cr,or if, after notice by L.ender to Borrawer that the condemnor offers to make an "'�9y:i.;+z' •'. " . . -
<br /> •-,�� �IY;t#�,�
<br /> :;;�., , _ s�ward or settle a claim for damages, �arr���•er faifs to respond to Lenc9er�eithin 30 days after the date the notice is given. '_ .. ,
<br /> �;;•;�;%•r�' ` I..e n d e r i s a u t h o ri z e d t o c o�i e c t a n d app lw t hr pr�x e e ds,at its option,eit her to resioration or repair of the Propeny or to the sums ` "
<br /> "',`.�;::t,.;;.'.f: secured by this Securiry Instrument, ��hether or not then due. �•,,; ' • �• '
<br /> . • �..:t" ... '�.�{,,�
<br /> r.�;::f' „' Unless I.ender and Borrower othcrnise agree in writing, any application of pr�xeeds to principal shall nat extend or �
<br /> �;'''�°'';. pastpone the due date of the month��pai�•mrnts referred to in paragraphs 1 and 2 or change the amount of such payments. •
<br /> ' I1.Borrower Not Released; For�eearance k3�•I.ender Not a Waiver.�xtension of the time for payment or modification `'�;�,���'�,`
<br /> of amortization of the sutns secured by this Securi[y Instrument granted by Lender to any successor in interest af Borrower shall � � `�"��
<br /> not operate to release the liability of the original Borrower or Borrawer's successors in interest. Lender shall not be required to � � .s���=�
<br /> ' �����',�,'.. commence proceedings against any ,uccessor in interest or refuse to extend time for payment or othenvise modify amonirrtion ".�'�
<br /> ����`' ''�;� -
<br /> �«��,t. of the sums secured by this Security Instrument by reason of any demand made by the ��riginal Borrower or Borrower's . •.�i_
<br /> , successors in interest, Any forbearance by Lender in exercising any right nr remedy s?�all rmt be a waiver of or preclude the ^ =y,,.�e� "j
<br /> . ,,:. � exercise of any right or remedy.
<br /> ` �.L , 1 2. �u.�:ra,�,�auo d A uigns B oun d; 3oint an d S everat Liability; Co-signers, The covenants and agreement� o�this
<br /> :ir,;.r,{p .��3 i.• . •u• - �; d
<br /> ,-„�;;`;,:.:y. Security Instrument shall birad anc� Uenefit the successors and assigns of I,ender and 8orruwrr, subject to the provi.ii,ns of � �''"�`
<br /> . '.y',tf,°�.; paragraph 17. Borrower's covenar�as and agrecments shall be joint and several. Any B��rr�>wer who co-signs this Security ., ,�°
<br /> Instrument but dces not execute the Note:(a)i� co-signing this Security Instn�ment only to mortgage, grant and convey thal � ` j
<br /> Borrawer's interest in the Property under�he terni.af this Security Instrument:Ib) is not personally obl'e_ated to pay the sums ,�o��.
<br /> ; securec!h}•this Secucity instrument; and (c)agrees that Lender and uny other Borrower may agree ta extcrn3,mcxiify,forbear or ���.
<br /> • make uny necommodations with regurd to the tem�s of this Securii� Instrument or the Nute without that Borrower's consent. 1�j
<br /> 13. Loan Charges. If the lnar� secured by this Security Instrument is subject to a la�e u�hich sets maximum loan charges, ``
<br /> � and that law is ftnally interpreted so that the interest or othcr loan charges r„1le�ted or to be collected in connection with the
<br /> loan exceed the permitted limits,then:(a)any such Ioun charge shall be red��ced by the amount necessary to reduce the charge �;�r.
<br /> j to the permitted limit;and(b)any sums already collected from Borrower w•hich exceeded permitted limits will be refunded to y� �
<br /> � Borrower. I.ender may choosc to make this refund b reducin thc �'"��
<br /> ' �•.�i•�. y g principul owed undcr the Note or by making a direct �%
<br /> ' f:• i payment to Borrower. if a refund reduces principal, the reeiuction will be treated ti� a partial prepayment without any
<br /> �`.�:;�.r � .
<br /> � �i prepaymcnt charge under ihe Note.
<br /> , 14.Notices.Rn} notice to Borrowerprovided fnr in thiti Security Intitrument shal! be gi�•en by delivering it or by mailing ( �'�".�4',"'� <�. �ra�•�� •.
<br /> . ,.r,� :4:�fh.,
<br /> � j it by fir.t class mail unless applicable law reqaire�u�r of another method. The nutice shall be directed�n the Property Address + ��`�:'•�'�•;'� „f��,:.s;.
<br /> ' � or un�• ather address Bc�rruwer designates by nenice to L.endcr. �ny natice io LenJer shall be rven b� firxt clas r�ail to ,��r�`"� ,�t".�•``•"-'";"•`
<br /> R 5 � .1:;..;,
<br /> , � I.ender'�aJdmss stated herein ar an� other addres� Lr►xier detiignatex by� notice to &�rro�ver. Any noticc provideci For in fiis
<br /> I� Security lnstrument shall be deemed io have been given t��Borrow•cr or Lcnder whcn givcn as provided in this paragraph.
<br /> 15.Governing I.Aw; Severability. This Security Instrument shall hc =o�•crned by fedcral law and the law� of the
<br /> jurisdiction in which the Propeny is located. In the event that any pr�wi.icm or clause c�f thi`Security Intitrument or the Note
<br /> conflicts with applicable law,such conflict shall not affect uthrr provi+ion��.f il�i,Security Imtrument or the Note which r�n be :.,,,��.
<br /> ;�,�`.r;�'� . given effect without the confiicting provision. To thiti enJ ihe provi,ion,of thi,Securiry Intitru►nent anel the Note are declared �!,�,�`:;�
<br /> to be severable. � ;,,,
<br /> • . ' 16. BorroK�er's fop�•.Borro�ver shall be given�me ronliirmed rnpy„!'t!,;'Vute an�i uf thiti Serurity In�trument. t
<br /> � „•.'
<br /> Form 3028 8190 • •• '
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