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<br /> �aymentn r►sny rat(ottger be rcqulred,at the optian nf t.ender.°if�rwrigugo insurancc coveragt(in the xmaunt,�nd fUr thn periad�
<br /> that I.�nder rcquiirs)prov[d�l by an intiurar epproved by Lender cig�nin Ixcomes uvuilsbt�and is obtulixd. f9orr�iwcr�.twil pMY
<br /> tho premlums ra�uirod t�n�pi�uuIn mangage lnsuranro in sfi'cst,or t�provide a loss reserve.until the rer�ulrcmrnt fur mnrtgegn
<br /> imwnen:e ends in tx:cnril�nre wish any written agreement bet�iran Bor►rower and I.ender or arpl(cable Isw.
<br /> 9.In�eclloin.l.ender ar itx ugent may rnalcc rcasonAbla cntdes upon and lnspacr.lans of the Properry. Lcader Rfi�ll glve
<br /> Bnnav�rer notice�t the dme of ar prlar to�n inspection spocifying rasonnble oauso for tha inspection.
<br /> 10.Cont{rmnatloa. Tho pruacds af uny awurd ar cltt�m far dmnages,direct ar cansequential, in cannRtion wlth any
<br /> condetnn�tion or athcv tnking of any pact of the Property.or for conveyance in lieu of candetnnattoit,ure hereby nssi�ned and
<br /> Ahall bc puid tu l.crxler.
<br /> In the event of u tatai taking of the Property.the pracceds shaU be npplied to the sums secured by thls Se.curity Instrument,
<br /> whethsr ar not thcn duc� with aay rxcess paid to 8orrower. in sho evcnt of u pastial taking of the Property in wh(ch thG f�tr
<br /> � markct vuluo ot'the Property immedIntcly befure the tafcIng is cqual to or greater than tha umount of the surt�s secured by thia
<br /> Secudty Instntment immecliately befans thc tnking.unless Bocrawor und L.Cnder otherwise ag�ee In wdting,the sums securod by
<br /> thls 5tcuriry Inshument shall l+e rcduced by the amount of the proceeds muitiplied by the following fraction: (a) the total
<br /> amount of the suma secural imenodiately befom the tctking,divtded by (b)the fair mnrket vcilae of the Property immodiauly
<br /> before the taking. Any bulancc shull be paid to Borrower. In the event af n partinl teking of the Property in which the falr
<br /> market vatue of the Property immediutely before the taking is less than the nmount of the sums secured Immzdiately bmfore!he
<br /> ( tnking, uNas Horrower und Lender otherwlse ugre�:in writing or unless upplicable law otherwtsa pmvidcw. tha proceeda shall
<br /> be uppliod to tha swns secured by this SecurIry Instniment whether or not the sum.g are the�dae.
<br /> tf the PropcRy is ulmttdoned by Borrotfer,ar if.c�fter nodce by Lender to Bormwer that the candemnar affera to msike an
<br /> I awnrd or settle u cluim for d3mages. Borrower fails to respond tu Lender within 30 days after the date the notice is given.�
<br /> Lender is authorizecl to coflect and npply the proc�s.at its option,either to mstorntion or repaIr of the Property or to the swas
<br /> , s�ut+a!by this Securlty Instrument,whether or rtot then due.
<br /> Uniess i.snder and Botrower othen�vlse agree in writins, aay applict►tion of proceeds to principal shall not�xtend or
<br /> � postpone the due dute of the monthly puyments referred to in paragraphs 1 artd 2 or chanse the runount of such payments.
<br /> 11.Iiorrower Not Released;Forbearance By I,ender Not s Waiver.Extension of the time for payment or modification
<br /> of amortiuulon of the sums secured by this Secur�ty lnstrument granted by L.ertder to siny successur in intemst of Botrower shall
<br /> not opetate to release the liability of the orlginai Borrowcr or Borrower's successors in istterest. Lender shall not be required to
<br /> commence proceodings against any successor in interest ar refuse to extend time for payment or otherwise modify umortization
<br /> of the sums seruc+ed by this Secarity lnsuument by reason of any demund made by the ori�innl Borrower or Borrower's
<br /> su�ro in iattr�s. Asy forbearant�by Ltnder in Pxerci��ng �ny right nr�emedy shall not be a waiver of or preclude the
<br /> exercise of uny rlght or remedy.
<br /> 12. Successors end Asslpins Bound;Joint and Several Llabiltty;Co-stgners. The covenants and a�rcements of this
<br /> Securlty Instrument shall bind and benefit the successors and assigns af Lender and Burrower. subject to the provisions of
<br /> paregraph l7. Barrower's covenants and u��eements shall be joint und several. Any Burrower who w-signs this Security
<br /> f Insuument but dces not execute the Nate:(a) is casigning this Security Insuument only to mort�age. grant and convey that
<br /> Borrower's Interest in the Property under the tcrms of this Security Instrument;(b)is not personaily obligated to pay the sums
<br /> secure�by this Security Instrument;und(c)ngrees that Lender and any ather Borrower may A�ree to extend. modify.forbear or
<br /> makB any accommodattons with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> ' 13.Loan Charges.If the loan s�wrd by this Secudty Instrument is subject to a law which sets maximum loan charges.
<br /> a�id that law is 6nally interpreted so thut the interest or other loan charges coltected or to be collected in cannecdon with the
<br /> loan exceed the permitted limits.then: (a)any such loan charge shull be reduced by the amount necessary to redu�e the charge "
<br /> to the permltted limit:und(b)any sums ulreudy collected from Bonower which exceeded permitted limits will be refunded to
<br /> Borrawer. Lender may choose to msike this refund by reducin�the princfpal owed under the Note or by makin� a dirtxt �
<br /> payment to Eorrower. If a refund rcduces principal, the reduction will be tr�ated as a partial prepayment without any .- '�
<br /> pnepayment charge under the Note. ��� '
<br /> 14.Notices.Any notice to Borrower provided for jn this Security Instrument shalt be given by deliverins it or by mailing �='-
<br /> it by first class mail unless applicable luw requires use otFs�nother method.The notice shall be directed to the Property Address ::��r^
<br /> or any other address Borrower designutes by notice ta l.ender. Any notiee to Lender chall be given by first class mail to �•:��-f
<br /> Lender's addmss stated herein or any other address Lender designates by nottce to Borrower. Any notice provided for in this =�:�
<br /> Secur�ty instrument shall be deemed to have been given tu Borrower or L.cr�der when givett as provided in this puragraph. .
<br /> IS.Coverning Law; Severabitity. '!'his Security Instrument sh�ll be governed by federal luw and the Inw of the -�'�
<br /> jurisdiction in which the Property is located. In the event thut any provision or cluuse of this Security Instrument or the Note ,,�.;:
<br /> conflicts with applicnble taw,such cnnflict sh�ll not affect otlier provisions of diis Securiry Instrument or the Note which can be
<br /> given effect wathout the rnnflicting provision.To this end the provisions uf this Security Instrument and the Note are declared
<br /> to be severable.
<br /> 16.Borrower's Copy.Borrower shull be given one confarmed copy of the Note und of this Security Instrument.
<br /> Porm 3028 9190
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