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<br /> payments may no longer 6c requirad, at the optian of Lender,if mortgage in�arunce wveraga(ln the unwunt and for tt�parlad
<br /> ��� � that I.cndcr rcyuirt9)pravided lsy an insurer appravcd by I.cndcr ngain becomes nvnilublo m�d is abtninod. Borr�wer slw�ll pay
<br /> �--�—��--- the prcmiums requircd to muintoin manguge:lnsumncc in offcct.or to pravlde a tass rescrve.until tiic rcquiremcnt for ntartg�ge
<br /> — insurancc cnds in occozdnnce with uny written agrcement bctwccn f�orrower nnd L.cnder ar np�Ucuble tuw.
<br /> 9. In�pectk►n.I.cnder ar iG9 ugent muy mukG reusonnblc entrfcs upon and fnspectians oY tho Property.l.crxter Rhalt give
<br /> - -- 8orrower notice at the dme af or prtor to an litispection specifying rensonuble amse far the inspectIon.
<br /> t0. Condemtuttlon.The p�oce�d.g of any awurci or cluim for dumuges.dimrt or consequontfal. in cannection with eny
<br /> -------- —� condcmnatton or other tnkin��P nny part af the Property, a•f�r canvcyunce in ticu of w�tdemnultan, u�e licreby assignod und = `_
<br /> } xhall bc patd ta I.endcr.
<br /> in the event of n tatal tuking af the Property,the procecda ehull be c+pptied to the sums secured by thiA Secur�ty Instrument,
<br />:;.� whether or not then duo. with Any excesa paid to Barrower. In the evcnt of u partial taking uf the Propeny in which the fair
<br /> tnarket value af'the Propcny imme�iately befare the takin�is equul to or sreater thart the umount of the sums secure�by titia
<br /> :� Scxurity Instrument immediutcly bcfare the taking,unless Borrower und l,ender otherwise agree In writi�g.thc sums secured by
<br /> thls Securlty lnsuwnent shall tx: reducat by tho umount of the proccxds multiplied by the fallowing fruct�on: (a) the total _
<br /> l. umount of ciie sums seturcd immediateiy i�efore the tukti�g.divid�t bp ib3 the fei� n�,uket valuc af tli�Prapctty imsued3ately -
<br />`� bet'are the taking. Any balunce shall be puid to Horcower. In the event of a partiul tuking af d�c Proptrty in whtch the fnir
<br /> murket value af thc P�apetty immodiately befare the taking is less than the IImount of the sums secured immediately before the
<br /> taking,unless @atrower und Lender atherwise asree in wrItin�or unless upplicuble luw othenvise provides.the proc.eeds shaU
<br /> be applied ta the sums secured by this 5ecurlty instrument whether or not the sums ure then due. —
<br /> If the Property is ubundoned by Bonower.ar if.after notice by Lender ro Bnrrower that the condemnor offers to make an
<br /> uwurd or settle a claim for damages. Burruwer fails to respond to Lcndcr within 30 duys ufter the date the nodce ls glvea, �
<br /> Lender Is autharir.ed to callect und apply the proceeds.ut its optian.either to reston►tion or repair of the�'ropetty or to the sunu
<br /> u r• .
<br /> secured by this Secur�ry Instrument,whether or not then due.
<br /> Unless I.ender und Borrower otherwise agrec in writin�,any appltcatlon of proceeds to principal shall not extend ar
<br /> , __,,�:;. . postpone the due dute of the monthly payments referred to in p�r�grnphs 1 and 2 or change the amou�t of such puyments.
<br /> '��'' ' " I1.Borrower Not Reles�sed;Forbearence By I.ender Not e Waiver.Extension of the time for payment ar modificution
<br /> ' n of amortizution of the sums secured by this Security Instrument grante�i by Lender to uny successor in interest of Borrower shall
<br /> ` , •1, ��'�+�:��� rtat operate to release the liability of the or��inal Borrower or Horrower's successors in interest. l.ender shall not be required to
<br /> '''""�����:y, ;; . commence proceedings agninst any sucressor in interest or refuse to extend time for Qayment ur otherwise modify arreortization
<br /> �� �
<br /> ,�:�'�x. •�•• �..•� of the sums secured by this Securlty Instmment by reasun of any demand made by the original Borrower or Borrower's
<br /> ,;4'``���•'��,: . �� successors in interest. Any forbearance by Lender in exercising uny dght or remedy shull not be a walver ot or preclude the —
<br /> : ,q��r,�=o t+ r�: :�:' excrcisc oi nny righi vr rc�►►ai�. ,
<br /> �--�.. ^ ^< 12. Successors ea� Assigris Bound:Jofnt and S�veral Linbility; Co-signers. Thc covenanu und ugreements of this _
<br /> "r'"' � �' Security Instrument shall bind and benefit the successors and ussigns of Lender and Bortc►wer. subject to the provjsions of
<br /> .;.`µ,.�
<br /> _.. ,,..:`' • parngraph 17. Borrower's covenants and agreements shuU be joint and several. Any Borrower who co-signs this Securiry _
<br /> ' �� � ' ' � Instrument but dces not execute the Note: (nl is co-signing this Security Instrument only to mortgage,grant�nd convey that
<br /> ��= —
<br /> u�;, :• � _ . Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums _ -
<br /> •'�h secured by this Secudty Instrument:and(c)agrees that i.ende�and any other Borrower may agrce to extend. modify, forbear or �..-,z
<br /> . :,..�.;�r:r.;:;"_
<br /> �,..,,+�„ ;• � make any accommodations with regard to the terms of this Securiry Instcument or the Note without thnt Borrower's mnsent. �,;,_
<br /> ��" .r; ;;,:.�:...:._.a w..; 13.Loan Charges.If the loan secure�by this Security Iactrument is subject to a law which set� mnximum loan char�es.
<br /> !`°':' . and that law is finally interpreted so that the interest ur other loxn churges collectod or to be collecteJ in connection with the �
<br /> toan exceed the permitted limits, then:(u)sny such loan chur�e shall be mduced by the:unount necessury to reduce tfie charge '
<br /> �•��•'��"'� �� • i to the permitted timit;and(b)any sums ulready callected fmm Borrower�vhich exceeded permitted iimiu will be refunded to -,;.
<br /> • " � �1��� ��" ' Borrower. I.ender may choose to make this refund by reducing the principat owed under the Note or by making a direct n
<br /> � -.,. .,. ,;. �
<br /> -S:�_ • . . ��. . � payment to Borrower. If u refund reduces princip:sl, the reducti�m will be tmuted us a� panial pmpayment without iu►y "�
<br /> � prepayment charge under the Note. �
<br /> .�.�.;.•, .`;�.�`rlf• ' 14.Notices.Any notice to Borrower provided for in this Security Instrumcnt shall bc given by delivcring it ur by mailing
<br /> . . �;;':t^ �, it by first cltus mail unless applicable law requires use uf anothcr methcxl. The notice shall be directal to the Property Address
<br /> .r? ".;,1;•`.:: or any other uddress Bonnwer designutes by notice to Lender. Any notice to I.ender shsll be given by ftrst class mail to
<br /> �• ���•ri._� . ' L.ender's address stated herein or any other address Lender designates by noticc to Borrower. Any notice provided for in this '
<br /> � Security Instrument shall be deemed to have been given to Borrower or Lendcr whcn given us prrn�ided in this paragraph.
<br /> � � 'F`•���-�� 15.Governi I.aw; �everabiii This Securit Instrument shull bc govcmed by federal law and the !aw of the �
<br /> � ' �� ' '.,,,,•,�,:, ,� �'• y
<br /> , a;
<br /> r:�;,�f�.::;},t;;4y ,. jurisdiction in which the Propeny is locuted. In the event that any provision or clause of this Securiry Instrument ur the Note
<br /> • •� �''`� � .. conflicts with app�icable law, such conflict shull not nffect other pruvisians ot'this Security Instrument or the Note which can be
<br /> ` e �� ' , ; given effect without the conflicting pmvision. To this end the pmvisions of this Securiry Instrument and the Note am declarcd
<br /> �'�^ i. ' to be severable.
<br /> � �;
<br /> 16.Borcower's Copy.Bormwer shall be given one conformecl copy uf the Nate und of this S��curity Instrumcnt.
<br /> i Form 3028 9190
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