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<br /> payments inay iw longer bc rac;ulred,at the u�ttan of l.x�der.lf mongagr•insura�nce tovere�ge(i»the u�aunt�nd tor the Period . �
<br /> - - - diat Lcndce rcqt�iecs) providcd by an ii�4urcr nppruv�d by l..cn�icr agaln hecomes avalluhlo sux9 is o6twir�ed. Tforrr,wrr F�ull�y
<br /> tha pnmiums reqi�iresl to maintaln nins�tgcige lnsu�a�t��in effect,ur to ptovide e lass resanre,uncii ti�a rec�uirr��x+�i S�n i�Kni�,��
<br /> insurAnc�n ei�ds in accoraana with any written ugrcemens bctwcen Iio►rower and I.crxier ar appllcabl�luv,�.
<br /> 9. Inspectbn.t.ender ar itR agent may mnlce�cas�+nable entrie�upan und inspections of the Property. �cnder eh�ll give �
<br /> Buctowcr nottce at the time of or priar to un lnspection specifying ra�►sonnhtc cause fi�r tha iuspectlu�.
<br /> 10.Condem�utian. Tha procceds of uny ewurd ar.clalm far damage�,dicect or conuquert�ial, in cannection wlth any.
<br /> cande�ttiiatiuu or oti�ez tukiug uf uny part af tha Property.or for rnnveyr,nce in Hcu of condcmfiati��n,are hcrcby a�sip,��ud
<br /> ahall bo paid to Lcnder.
<br /> (n the event af n total tnking of thi Property,thc pracceds shu11 be oppljed co the sums Secured by thia Secur�ty Irtstriuntnt.
<br /> whether ar nat then duo, with any exce�.g paid to Bonower. I�the event nf a parttal tnking of.ihe Froperty in whlCh the feie
<br /> market value of the Rroperry immcdintely beforo the laking is equal to or great�r than the umount of the sums secured by this
<br /> Security Insttument immediatcly befare the tnk3ng,unless 8orrawcr and Lenstcr aiherwise u� in�vdting.thc�urns securod by
<br /> this Serurity Instcument shull be re�uc.ed by the Amouat af the proceeds multipN�d by the fqllowinB fracdon: (a)'the toud.
<br /> smount of the sums setured immediutety bcfore the taking. div[ded by(b) the fafr market vatue of the Property imr�eedistely
<br /> befon the tuking. Any balonce shall be paid to Barrower. In the event of u partial taking of the Property in which the fair
<br /> market value of the Property immedlat�ly before the t�lcing is less than tPtu amoum of the sums secured immedtately l2efare th�
<br /> tsking, unless Borrower and Lender othenvise asrce in writing ar unless upplicuble law atherwisc provides. the proceeds shatl
<br /> bc applied to the sums secured by this Security Inshvment whether or not the sums are then due.
<br /> If the Property is abandaned by Burrower.or if,ufter nutfce by Lender to Ciorrower that tho condemnor offeis to m�1ce an
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<br /> k"G��: awa�d or settle u cln�m for durtwges. �orrawer fals to respond to L.ender wiU�n 38 days afler the date tt�o na re s g vat.
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<br /> "'�� L.ender is autho�ized to rnllect and apply tha ptoceeds,ut its aption.either to nstomtion or cepair�f the Pmperty or to e sutas
<br /> . �u� "j�" secured by this Security Instrument.whether or not then due.
<br /> �. ��;, *' Unless Lender and Borrower othenvise agree in writing. any applicudon of proceeds to principal shall not extend or
<br /> �. �a �- postpone the due date of the monthly payments referned to in parugraphs 1 and 2 ur change the umount of such puyments.
<br /> ?•';-;::�-:�i°';t'� 11.Borrower Not Released;Forbearance By Lencler Not u Wuiver. Extenslon of the time for payment or ntoditicatIon
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<br /> -�,�o',. ; . ,� of amorti�atlon of the sums secured by this Security Instrument grnnted by Lender to any successor sn intenst of Borrower shall
<br /> not operate to release the liabiliry of the ariginal Borrower or Borrower's successors in interest. Lender shall not ba�uined to
<br /> i�'� ` , - ' ` commence p�vc�ings aga�nst any successor in interest or refuse to extend time for payment or otherwise modify amortiaation
<br /> `° ' ' of the sums secured by this Sccurlry Instrmiirnt by reason of any demand ma3e by the original 9orrower or Borrower's
<br /> • succ�sors in interest. Any forbearnnce by i.ender ln exercisin�any right or remedy shall not be a waiver of or pre�:lude the
<br /> � „ . exercise of any right or remedy.
<br /> �� 12.Successors and Assigns Bound; Joint and SYVerat Liability;Co-sigaers. The covenants and a�reements af this
<br /> •' .'" Security Instrument shall bind and benafit the successors and 3ssigns of[.cndcr:uid &orrower, subject to the provisions of
<br /> � , paragraph 17. Borrnwer's covenants and agreements shall be joint and several. Any Borrower who co-signs tl�is Security
<br /> � Instrument but does not execute the Note: (a) is co-signing this Secur�ty Instrument only to mortguge,grant su►d convey that
<br /> Borrower's interest in the Property under the terms of this Security Instcumenr. (b) is aot personally obligated to puy the swms
<br /> • secured by this Securiry Instrument;and(r)ug�ees that I.ender and any other Borrower may age�c to extend. modify,foiioear ur
<br /> � . make nny accommadations with re�ard to the cerms af this Security I��atrumenl or the Note without that Borrower's rnnsent.
<br /> � " 13.Loan Char�es. If the loan secured by this Securi[y Instrument is subject to a lavr which sets maximum tuan charges,
<br /> and that law is finally interpreteci w that the interest or other loan churges cotlected or to be collected in connection with the
<br /> � . losin exceed the permitted limits,then: (u)any such loan char�e shali be reducod by thc amount necessary to reduce the chat�e
<br /> � � � to the permitte�limit:and(b)uny sums almady rollected from Borrower which exceeded permitted limits will be refut�dvd to
<br /> •, ,. . Borrower. Lender may choose to makc this refund by reducin� the principal owed under thc Note or by mukin� a direct
<br /> ' „ payment to Borrower. If a refund reduces principal, the reduction wiil bc trc:ited as a partiai prepayment without any
<br /> , prepayment charge under the Note.
<br /> . 14.Notices. Any notice to Borrower provided for in this Serurity Instrument shaU be given by delivering it ar by mailing -,t
<br /> � •,�,�};;;•' it by first class mail unless applicable law mquircs use of another method.The notice shall be directed to the Property Address ,fia
<br /> or any uthet addr�ss Borrower designates by notice ta I.ender. Any notice to i.ender shall tx given by first class mail to
<br /> ' .. ,, Lendcr's nddress stated herein or any ather address Lender designates by notice to Borrowcr. Any notice provided for in this
<br /> � ,. Security Instrument shall be deemed to huve been given to Borrower or Lender whcn givcn as pmvided in this parn�raph.
<br /> ' '� � 15.Coverntn� Law: Seve�abiltty. 'This Security Inatrument shall be govemcd by feder:il taw and thc law of the
<br /> �. . � jurisdiction in which the Property is locuted. In the event that any provision or clau+e of this Security Instrument or the I�Iote
<br /> conflicts with applicable law, such conflict shall not affect nther provisions af this Serurity Instrument or the Note which ran be
<br /> given effect without the contlicting provision. To this end the provisions of this Securiry [nstrument and the Note are declared
<br /> -• to bc scverab(c.
<br /> j 16.Borrower's Copy.Borrower shall be givrn one conformed cc►py of the Note and of this Security Instrument.
<br /> Form 3028 9190
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