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<br /> �G:`s t,'•'�, payrtten�s may no tonger be required,at the option of I.ender. mort;�.age insurance v ra e(in for the perlod 'r - � ,�_^:_
<br /> .-•.- � �u..�;-�:�;� that Lender requires)provided by an insurer approved by I.ender again becomes uvuilab►e and is obtained.Borrower shnll pay ,. , ` ' _
<br /> - . .�.�, .,�.;:;�; the premiuma requited to maintain mortgage insurance in effect,or to provide u lass teserve,until the requirement for mortguge ���v�
<br /> � � ' insurattce ends in$cxordance�vith any written agreement between Borrower nnd l.ender or applicable law. •� . ,-���:;.��
<br /> `�� �� 9.Inspecttoe�.Lender or tts agent may mulce reasonable entdes upon and inspectiona of the Property.Lxnder shall give , ' ..S ,;��,
<br /> , " "' Borrower natioe at th�time of or pdar to nn tnspectian specifying reasonable cause for the inspection. ' • •��.�,J
<br /> �� • 10. Condete�natlon.The proceeds of any award or claim for damages, direct or consequential. in connection�vith any �;'_,;_.:.
<br /> mndemnation or other taking of any part af the Property,or for conveyance in lieu nf rnndemnution, arc hereby aqsigned and -°�'��=y
<br /> � shall be paid to l.ender. , :i::;,-,;`
<br /> In the event of a totsl taki�g of the Praperty.the proceeds shall ba applied ro the sums secure�l by this Securlty Instrument, � , , ,;'!i�;7L,-�-
<br /> whether or not then due, wjth any excess paid to Borrower. In the event of a partlat taktng of the Property tn whtch the fair .- .. -.-�-._ _ _
<br /> market vulue of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this , �;,��r;:;;f;�.,
<br /> Security Inscrument immediately befon the taking.unless Borrower and Lender atherwise agree in writing.the sums secured by �^j_
<br /> this Security Instcument shall be mduced by the amount of the procePds multiplied by the fallowing fraction: (a)the total �;=,_
<br /> �c�aount of the sums secured immediately before the taking, divided by(b)the fair market vafue of the Ftoperty immediately ���_'='�`, _
<br /> �fore thc takin�. Any balance shall be paid to Horrower• In the event of a partia! taking of the Property in which the fair �: . :;y;t,;.w
<br /> mari<et value of the Property immcAiately before the takiag is less than the amount of the sums secured imme8iately before the ;: ,''`•`•L�'�:�?::',�'^
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<br /> tatcing.unless Bonower and Lender otherwise ag�+e�e in writiTMg or unle5s applicable taw otherwise provides,the prooeeds shait '...,;;,,;,�`�;���:'
<br /> - Ese applied to che sums secured by this Security Inserunaent wi�ed�er or x�ot Cite sums are then due. �. .'""�"`
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<br /> If the Property is abarr�oaed by Borrower,oc if,atter notice by E.ender to�onower that the condemnor offers to make an . '"��=�="•`—
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<br /> a,mard or settle a claim for clarnages, Borrower£ails to resgond to Lender withi.n 30 days after the date die rwiice is given, __-_ _
<br /> Lender is suthorized to collect and apply the proceeds,at its aption,either to restoration or repair of the Property or to the sums �• �
<br /> ' secured by this Security Instrument,whether or not then due. � �
<br /> .'�.'3't Unless I.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or ;�';;'3C,�:t_.,�,
<br /> � ..�,4�•+�d � 1::i:t;�.,_..-.
<br /> , � •'' ';.j'� postpone the due date of the manthly payments referred to i�paragraphs 1 and 2 or change the amount of such payments. , .�:����,,.,..
<br /> , 11.Bonower Not Releaced;Forbearance By Lendcr Not a Watver.Extension of the time for payment or modification '.� '��`'�"�
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<br /> , ;-�. of amortization of the sums secured by this Secudty Instrument granted by Lender to any successor in interest of Borrower shall s�• '
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<br /> � not a erate to release the liability of the original Bormwer or Borrower's successors in interest. Lencier shall not be required to ����q __
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<br /> �#� commence procc�dings against any successor in interest or refuse to extend time for payment or otherwise modify amortizution �� �r — �
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<br /> . • <, of the sums secured by this Seturity Inswment by reason of any demand made by the original Borrower or Borrower's ' �� ,��
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<br /> ,�,�,; ^ successors in interest. Any furbearance by Lender in exercising any right or remedy shall not be a waiver af or preclude the ��� , i T _
<br /> ` � exercise of any right orremcdy. ' � --
<br /> � ' °�� 12.Suocessors and Assigns Bound; Joint and Severat l,lability; Co-signers. The covenaz�i�aud n�teznients of this -., � .
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<br /> ��::;;� � Security Instrument shall bind and benefit the succesxors and assigns of I.ender and Borrower, subject to the provisions of . .. '�� . -
<br /> ' IV.fA
<br /> ;�„� ' '���' paragraph 17. Borrower's wvenants and ugreementx shall be joint and several. Any Bonawer who co-signs this Security , "�.,�.,, ,;4• ��
<br /> ,;.�•,s; • Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage, grant and convey that •,„:.,i!'> �
<br /> ' '� Borrower's interest in the Propetty under the tarms of this Securit Instn�ment;(b)is not rtionall obll ated to a the sums ;;••1���°;' " , �
<br /> y Pe• Y S P Y �;.�;..,:,..
<br /> • ' secured by this Securiry Instrument; and(c)ugrees thut Lender und any other Borrower may agree ta extend,mcxlify,forbear or � "i:�:;-� ti' ' -_
<br /> � � make any accommodations with regard to thc terms of this Security Instrument or the Note withaut that Borrower's consent. �'�
<br /> -• � 13.Loan Charges. If the laan secured by ihis Security Instrument is subject to a luw which sets maximum loan charges, ," '�,��'�;
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<br /> �.�:,};��.,' ,_ and that lav►is finally intetpreted so that the interett or other loan charges collee:ted or to be collected in connection with the ;.,�,�:�,y;�„�s�;;;�r' ; j ,
<br /> , :; . , , , loan exceed the permitted limits,then: (a)any such loun charge shail he reciuced by the amount necessary to reduce the charge ;j �'� {? � „•.x, �'
<br /> ..j;yJ�f`;;�•��` .,:;�,� � to the permitted limit;and (b)any sums already cotlected from Borcoa•er which exreecled germitted limits wiQ be refunded to -
<br /> .t}.;. ,�; �:- .- —
<br /> ,;, , � s�I Borrower. Lxnder may choose to n�ake this refund b�• reducing the principal owed under the Nvte or by making a direct .���
<br /> � ����i�.i�;ttt ayment to Borrower. If a refund recluces principal, thc reciuction will be treated u� a purtiul prepayment without Any +��;'t�C;�°'� �=a
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<br /> r�;; •�, prepayment churge under the Note. '�'"'
<br /> =='K.� - � 14.Notices.Any notice to Bonower provided for in thiti Security Instrument tihull bc given by delivering it or by mailing � , ��'�`-
<br /> � ; . • �-,;t � it by ftrst class mail unless applicable law reyuires use of another methai. The notire shall be directeJ to the Property Address ,,, ==_
<br /> �""`` or any other addrecs Borrower detiignute+ hy notice to Ixnder. Any nc�tice to Lender tihull he €iven by first class rnail to
<br /> ; . .,.4�,�:� � .,�_
<br /> � L.ender's address stated herein or uny other addretis Lendcr designate�by notire tu Borcourr. Any noticc pro�•ided for in this % ..+-^--
<br /> �"�'•!' � � • � Security Instrument shall be deemed to have bcen given tc�&ttroK•er i�r LenJer whcn given ati pruvided in this puragraph. • . �_h_
<br /> t'�,,�" . I I5.Governing La�v; Severability. Thi. Security In+trurncnt .hull b� �u�•erncd b}• fcdcrnl law• and the law of the �y, ''-�
<br /> jurisdictian in which the Property is locateci. In the c��cnt that an�•pr��ei+iun ar�lau.:��f thi.Security Intitrument or the N��te �`
<br /> ' .fl':��;'. . �::
<br /> �•.� �y, confliets with applirable law.such contlict.hull n��t affect othcr provi�iun�ut'thi�S�tiarity In�trument ur the Note which can be �.{
<br /> t;,;.,.tf�, �'�``��~�r '
<br /> t given effect without the conflicting pra�•i.ion.T<�thiti cnd the pn��i.iun.ut thi.S�tiurit} In�trumcnt and the Note arc d��clareJ � ����r�• •:�
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<br /> � ��.,. to be severable.
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<br /> „,�•`i�'. 16.Borro�rer's Copy.&�rrow•cr shall ht an�r.,m:conti�rnxd cup>�of th� '���cc an�t��f du.S�rurit) In.crum�nt. S • � ;�..-
<br /> ., . , ,`,�:�;�; Form 3028 �J%�0 ; t`'��`•
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