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<br />- � ' _ �;Iy111Ci115 Illay no longcn c�rcquirc<t, at thc aptiun of Lcndcr, if mort�agc insurancc covcragc lin thc amount iuid f��r thc period
<br />``�' . ' dmt l.endcr rcquires)provided by nn insurcr approvcd hy [.cndcr ngain b�canus availablc�md is i�btained. [iorrowcr shall pay
<br />'-,��,..,•� � thc prcmiinns rcquircd ta maintain mortgage insurancs;in cffcct,or to providc a loss rescrvc,until thc requirentcnt Por mort�ngc
<br />=`"' �'��`��^'��"H insurincc cnds in.iccordancc witii any writtcn agrecmcnt lxtwcen Borra�scr and I..cndcr ur�ppUcablc luw. ,-"
<br />-� {, �,:',' •, �.9iu�ciluu. Lcn�u•ur its a�;cnt may� mal:c rcasonablc cntrics upnn and inspcctions of thc Prc�pc�ty I.cndcr�hall �;ivc
<br />=••r`•�•'':•�r:�:,:�*�, Borro�ver notice at the time nf or prior to an inspection speciFying rc,isonable cause for the inspection. "st•
<br /> "� - 10. Condcmnation: 'Phe pmceeJs of any ,�ward ��r elaim far damages, direct cir consequential, in rrnmection with any
<br />-,�- , - - condcmnation or othcr taking oi'uny pan��f the Property,��r for convcyancc in lieu of rondemn:nion, are hcrcby assigned und
<br />--S, `. . shall be paid ta Lcndcr. '
<br />-.�; , „ In the cvent of a total taking uf thc Property,thc procceds shall be applied to thc sums securcd by this Sccuriry Instrumcnt,
<br /> - wheUier or nat then duc, with any cxccss paid to Borrotiti�er. ln the event oi a pactial tuking of the Property i�i which the fair �ti ,
<br />_"� • • market valuc of thc Propeny immcdiatcly befivc the taking is cqual to nr grcater than the amount of thc sums �ccurul by this ,,..�
<br />.:4 • � Securit�Instrumcnt immediatcly bcfore thc tilcing, unlcss Borrowcr and Lcndcr othenvise agrcc in writing,thc sutns sccured by �• ;
<br />:*� , this Sccurity Instrument shall be reduced by the amount of thc procceds multiplicd by the folluwing fraction: (al the totnl "
<br />;� amount of the sums securul inttnediztcly beforc thc taking, dividcd by(b) thc fair murkct valuc of thc Property immcdiately
<br />-"� � bcfore the takin An balance shall bc aid to Barrowcr. In tl�e cvent of a anial takin of the Pro ert ir� �vhich thc fair -
<br />;.'�. • F• Y P � P � P Y , .
<br /> � . " market value of the Property immediately hefore the taking is Iess than the amount of the sums securccl immediately before the '�`r.
<br />�,�� ., taking, unless Borru�ver and Lender othenvise agree in writing ur unless applicablc law otherwise provides, �hr procec:ds shall ' .-
<br />'� . be applicd to thc tiums sccured by this Security Instrum��nt whcther or not thc sums urc thcn due. i:i
<br /> If thc Property is abandoned by Sorrnwcr. or if, aftcr nutice by [..ender to Borrowcr thal thc rondemnor offcn to make an
<br />�—� ; :' „ award or setUc a claim for damagcs, Borrowcr fa�lti to respond ro Lendcr tvithin 30 days ufter thc datc thc notice is given,
<br /> "' Lender is authori-ted to collect and apply the proceeds,at its option,cither to restoration or repair af the Propeny or to the sums •-
<br /> �
<br />-, � secured by this Security Instrument, whether or not then due. .=
<br /> Unlcss Lcndcr and Borrowcr othcnvisc agrce in writing, any appliration of prorccJ� to principal shall not extcnd or '' =
<br /> ott aic thc rJuc datc of thc monthl t mcnts refcrrcd ta in �ra r i hs I and 2 or rhan�e thc amount of tiuch a ments. �x r-
<br /> P • P >'P�Y P' B�P b P'Y
<br /> 11. Eiorro�ver Not Relcased;Forbeurunce By (Ander Not u�Vs�l�•er. Extentiion of the time for payment or modification .�
<br /> of;imorti�tion of the sums secured by thiti Security Instrument granted hy L.ender to any sucres,or in interest af Borro�ver shall
<br /> .. • not operatc to rcicasc thc liability ot'thr original Borcuwcr ur Borrowcr's�uccesson in intcrctit. Lcndcr shall not hc requi�ui to ,--
<br /> �• commence proccedmgs agamst�ny succe�sor in mtcrest or refuse to exicnu timc ior paymcnc ur oin�nvi�c mouiiy amurii��iiuu —�
<br /> of the sums sccurcd by this Sccurity Instrument by rcason of any dcmand ntadc by the uriginal Borm�vcr or Ronowcr's _
<br /> • successors in interest. Any forbear.3nce hy Lender in rxercising any right ��r remedy �haU not bc a waiver of or precludc the =
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<br /> ' exercisc of any right or remcdy.
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<br /> , 12. Succ�sors and Assigns Bound; Joirei �nd 5evernl I,iubiilt;��; Casi�;nen. The covenants and agreements of this '
<br /> " Security Instrument shall bind and benefit the successon nnd assigns uf Lender and B��rrc»��er. �ubject tu thc provisions of `
<br /> , .. parugraph 17. Borrower's rovenants .md agrcemcnts �hall bc juint anJ sc�•erul. Any Borm�vcr �vho co-�igns this Sccuriry �.}
<br /> .. �. [nstrumcnt but dacs not exccutc thc Note: la) is ro-signing this S�ti�nrity [nstrument only to nwrtgagc. grant and convcy lhat '
<br /> � :.�.;.., ..
<br /> .. . . �,.,:.j.�;�� .' Borrower's interest in the Propeny unJcr dto tenns uf this Security In��rument: �b1 iti not per,onally obligatcd t��pay thc�ums W
<br /> � ,' ' .`�� secured by this Security(nstrument; and(rl ugreeti that Lender and any nther Borrc���•er m:ry agree ta rxtend, mndify, ti�rhear or .� .
<br /> makc any acconunodations with rcgard to thc terms of thi�Srcurity Imtr�uncnt ur ihr N�ur withuui that Bnrrowcr',con,cnt.
<br /> . " ' 13. Loan Chur�es. If thc loan sccurcd hy this Sccurity In�trumcnt i. ,ubjcct tu a la��� u•hich�ct+maximwn lo:in rhargcs, �"
<br />-.- �" • aiid that law is finally interpreted w that the intcrest or c�thcr loan rtiar�:c� rullcctrd or tu hr cullcrtcd in runncction ���ith Uie ,_
<br /> ..... loan er,ceed the permitted limits. then: l.il any,urh luan charge tihall hc re�luced by thc amuunt ncre+>:uy tu rcdu�c thc charge .,
<br /> • to the permiucd limit: and(b)uny �ums alrcady collcctcd from Burmu•cr�vhich cxcrcdcd prrmiucJ limit+��ill hr rcl'undcil tu
<br /> Borrowcr. Lcndcr may choosc to makc this refund by reJucin� thc princ:ipal uwcd undcr thc fvutc or by nr,�king a dircct
<br /> _ ' , payment to Borrower. If a refund redures prinrip.d, thc reductiun will hr trc.Ued ati a partial prepayment with�wt any �
<br /> V prcpaymcnt chargc undcr thc Note.
<br /> .; 14. Notfces. Any noticc to Rorru�vcr providrd(or in thi+Sccurity lustrwnent shall bc givcn by J�livcring it ur hy mciiling
<br />_ � it by first class mail unlcss applirable law rryuireti u.r uf anuthcr mcthud. The nutire tihall he JirerteJ to Ihe Property Addro..r �•.
<br /> . or any other adJress Borrower designates by notire tc� LAnder. Any nrnice to Lender �hall be given hy lint �•la�� mail tu
<br /> - Lender's address stated hcrcir. ur any othcr adJres> ��ta�r a�����,atcs by notice to Borrower. Any notice prin•ided ti�r in Ihiti I°
<br /> S Sccurity instrumcnt shall br dcrmed tu havc Neen given ti�Burrmver or Lcnder when gi�•:•n t�ti pruviJcd in this paragraph. I
<br /> 15. Governiug L��r, Scvcrnbility. This Scrurity In�trununt .hall r,- ,- �•emr�+ � :;.�,I latv and thc law uf thc
<br /> jurisdiction in�vhich thc Property is locatcd. In thc rvent that any pro�•ision�» .,....�: ��t this Seru!n� :nstrumcnt nr thc Nutc j
<br />-,,'� � .° , contliets with applicable laa, such ronflict�hall not al'fect uther pruvisions uF th�s Secw•it� lnsnumcnt oi ��.e Nute�ti•hinc�an hc
<br />. • givcn cifect withuut thc contlicting proviyion.Tu thi�rnJ thc provision.of this Sccurit}• ln�tromcn: and thc Notc arc dcrl:ircJ I
<br /> to bc scvcrablc.
<br /> '• 16.Bnrrowcr's Cop��. Burmwcr shall hc gi��cn onc ronti�rmai copy nf thc Notc and of this Sctiurity Instrumcnt.
<br /> i , Form 3028 9i90 �
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