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<br /> ---''�'°:=��Y'Sa;¢tk�i� paymcnts may no langcr bc requir�d, ut thc option of I,cndcr, if mortgagc insurancc covcragc(in d�c amount►md for dic period .,��'`_w,. -_�
<br /> "����� ��• �,� that Lcuder requires)providcd by an insurcr�pproved by Lcnder again becomcs availublc nnd is obtaincd. 13urrowcr shidl pay ;r�.-::...�_-
<br />�-�?„X.'{� y,���:,1 thc prcmiums rcqufrcd to maintain martgnge insurauca iii effe.:t,ur to providc a loss reservc,until thc rcquirentent fnr�nortgagc • h� k� -
<br />�_,.�° •',� .'� "�'` � insurance ends in itccordance with any written agreement betwecn Borruwer and Lender or upplicablc law. ky.{i.�: -
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<br />:��. ��,;� . ° 9. Inspectton. L,cndcr or its ugcnt may make rcasanablc entries upon and inspections of thc Propeny. l.cndcr shall give M1 .�. . : : .�ry
<br /> Borrowcr noticc at thc timc of or prior to an inspection spccifying rcasonablc cuusc for thc inspcction. �� . ,.:y.�`�,,
<br />��` ' ' 10. Condenmation. The proce c:c ls o f:sny awar d or c laim for dnma ges, dircct or conse yucntial, in connection with any ; � , ':�•�-,
<br />;r• • . condemnntion or ather taking of any part of the Property,or for conveyance in lieu of'condemn�tion, ure hereby assigned and �1 _ ,',' .__._,�.
<br />=� . � shall be paid to L.endcr. '� . . „.
<br /> .=
<br />-� In the evcnt of a total taking of thc Property. the procceds shall bc applied �o the ,ums sccured by this Sccurity Instrument, �...4i.��. -�,•}:-=.�
<br /> '� �vhether or not then duc, with any cxcess paid to Borrowcr. In ti�e cvent of a partial taking of the Property in which the fair '?��;;r;'''�l•i�,;�=-:��-_
<br />--�. markct valuc of thc Properry immcdiate:y beforc dze taking is cqual to or greaccr tlin�� the amount of thc sums sccured by this �. ,��,,,�.,...:���- „,*
<br />�4' � Security Instnimcnt immediatcly before tt,e taking,unlcss Borrowcr and L.endcr othcrwisc ugree in writing,the sums securccl by . . -.. ,.
<br /> =�_.
<br /> �'�" ` ` this Securiry (nstrument shall be reduced by the amount of thc procceds multiplieei hy the following fraction: (a) tlie totul k ��'�`��`'"'���-+�
<br /> r :`�4"'�`���"
<br />� amnunt of thc sums securcd immcdiately bcfore the taking, dividcd by (b) thc fair market value of the Property immediately - .f�"��---'°-==
<br /> "�=�---�_
<br />� ' .. befare the taking. Any balance shall be paid to Borrower. In ttie event of'a partial taking of the Property in which the fuir ,�:.����»y�.-
<br />�%,, �. , market value of the Property immcdiately beforc thc taking is less than thc umount of'the sums secured immediatcly before thc ,±�,1�.—_,___.
<br /> Y�_. '� taking, unless Borrower und Lcnder otherwise agree in writing or unless applicable luw n�herwise provides, the proceeds shall ;y�:��.;;,.�,,,,.Y
<br /> , , �: . be applicd to thc sums securcd by this Security Instrument whether or nut thc sums arc then due. _,.ir.,,__--
<br />'�' � � If the Properry is abandoned by Borrower,or if, after naticc by L.ender to Borrower that the condcmnor uffers to make an e%�,a�w=. •n-.--
<br />� award or setde a claim for dnmages. Borrower fails to respond to Lender within 30 days after the date the natice is�iven, '',�;�'�,;,��.4,qr_.°
<br /> � �"�,'__�-�,_.
<br /> L.ender is authorixed to collect and apply the proceeds,at its option,either to restoration nr repair of the Property ar to the sums ,;.�:':,,o,;___��::---
<br /> - ��'�=
<br />_ � ° sccurcd by tliis Securiry Instrument, whethcr or not then duc. ;:� ��- _
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<br /> Unless I.ender and Borrower otherwise agrcc in writing, any application of prorccds to principal shall not cxtend or ,�;"-:-
<br /> ��� . postponc the due datc of thc monthly payments rcfcrrcd to in paragraphs I and 2 or changc thc amount of such puyments. ::�
<br /> . ' � I 1. Borro�r•er Not Released; Forbcaraucc By [,ender Not a Waiver. Extcnsiun of thc timc for paymcnt c�r modification ? _y�_
<br /> ' �- _ . -
<br />� _ ..._ '
<br /> � ' of amartization of the sums secured by this Security lnstrument granted by Lender cu any successor in incens�of Burrowcr �i�nil ; �:: -- �,,-
<br /> , , not operatc to rclease the liabiliry of thc original Dorrower or Borro�+�cr'.successors in intcrest. Lcndcr shall not ba required to � � � _
<br /> commence proceedings Apainst an�� successor in interest or refuse to extend time for payir�ent ar utherwise modify amortization � �
<br />-. ° � uf thc sums secured by this Securiry Instrumcnt by reason of uny dcmand madc by thc original B��rrower or Borrowcr's y �-
<br /> . � successars in interest. Any forbearance by Lender in exercising un� right or remedy sha[I not be a�vaivcr of or preclude the
<br />., � exercise of nny right or remcdy. � '
<br />-• � 12. Succes.so�s and AsSigns Bound; Jolnt und Severnl Liability; Co-siqners. Thc ro��cnants and agrcements of this �� � • �:
<br />_ � Security Instrumsnt shall bind and benefit the successors and assigns of I.ender and Borrower. subject to the provisions of ;,�• ___
<br />�.- - .:.,�..�: ,
<br /> . , paragraph 17. Borrowcr's covcnants and agrecmcnts shall bc joint and sevcral. Any Borrowcr who co-signs this Securiry ,y.,�'.`
<br /> � . . Instrument hut does not execute thc Note: (a) is co-tiigning [his Security Instrument c�nly io martgage, grant and convey that �'�+s���
<br />_,`,�„. . .,, Donowcr's intcrest in the Property under tttc tcrms c�f this Secm•ity Instrununt; (b)is not personally obligated to pay thc sums .�,
<br /> ' ���� :+ - secured by this Securiry instrumenr, and(c)agrces that Lcndcr and any other Borrower may agree to extend, modify,forbear or r�_' M �
<br />- ' .,;; • makc any accommodutirnic with rcgard to thc tcrm�af this Securiry Instrumcnt or thc Nutc�vithout that Borrowcr's consent. �.,� � ���---
<br />- ' ' 13. I.oan Charg�s. It'the loan secured by this Securiry Instrument i,subject ro a law which sets muximum loan charges, .. fy•`� . ��.�
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<br />- ' •� and that law is finally interpreted so that the intercst or uther loan charges rellected ar to he collccted in connection with the ,;��`.';,• ;
<br /> :�'� , •• � loan exceed thc permitted limits, then: (a)uny such loan churge shall be reduced by the anwunt necessary to reduce the charge
<br />__ ro the permitted limit; and(b)any sums already collerted I'rrnn Borrower which rxccedeci permitted limits will be refunded to � _�±_
<br /> ' �• " ' ° Borrower. Lender may rhoose to make this refund by reciucing the principal inved under the Note or by mukin�; a direct � ���-'
<br /> - " payment to Borrower. If a rcfund reduccs principal, the rcduction will he trcatcd .►s a partial prepayment without uny , ��:��ri
<br /> prepayment ch:irge undcr the Notc. �� R
<br />_�;„ �' Y'�7�
<br />_ l4. Nottces.Any noticc ro Borrowcr providcd for in this Sccurity Insreument shull be given hy dcliverin� it or by mailing "N,. ,�;�`"��
<br /> " it by tirst class mail unlcss applicablc law rcquires use of another method. The notice shall be JirectcJ to the Property Address , �� �.
<br /> ,� � ' or any other address Hon•ower designates by natice to Lender. Any notice w L.cnder shall be given by firtit class mail to ��� �
<br /> Lender's address stated hcrein or any other addre�s LenJcr dcsignates by noticc to Borrcnv�r. Any noticc providcd for in this �'�"•
<br /> - Sccuriry [nstrument shall bc dcemed to have bccn given to Borrower or LcnJcr when�ivcn as providcd in this pi►ragraph. ,�,�' ;
<br /> I5. Governing La�r, Severubility. This Sccuriry Instrmnent shall bc governed by fcderal law ,uid thc law of thc � ,it �
<br />.'.� jurisdietion in which thc Propcny is locatcd. In thc evcnt that any provision or clau�e of ihis Sccurity Instrumcm ur thc Notc " " • "
<br /> c�nflicts with applicabfc Iaw. such cunflict shall not affcct othcr provisions ol'thi.Sccurity Instrumcnt or thc Notc�vhich can be 'r
<br />';..� gi�en ef:ect without thc rontlictin1: pruvision.Tu Qiis end[hc pmvisions of this Scruriiy Instrument and the N��te arc Jec;lured • � x:i
<br /> to be scverable. �
<br /> • � 16. I3orrotr•er's Copy. Borro�vcr tihall be given��ne runformed copy uf tli�No�r and of this Sccurity Instrument. � .��
<br />_ � Fo►m 3028 9/30 i � f��
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