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<br /> payment,nwy nt�langcr bc rcyuircd, .rt ihc option of I..cndcr, if mon�ugc insuruncc covcragc(in thc tunuunt und fnr thc period '
<br /> that l.crdcr rcquires)providcd hy:in insurcr npprovcd by Lcndcr nguin becomes i�vuiluble and is obt:uncd. Borrowcr shall pay •�r�;
<br /> thc prcmiums rcquircd to nr►intnin mortgagc insur,►ncc in cffcct,ur w providc a loss rescrve,until thc requirement for mortglgc ' �
<br /> insurancc ends in uccordiincc with uny writtcn agrcemcm bct�vccn Borrawcr and [.cndcr iu applicablc la�v. • ,�;^
<br /> 9. Inspection. Lender or its agcnt may muke rcasonable enirics upon and inspectians of thc Propeny. Lender shall give �t_
<br /> Eiorrowrr notice at►he time of or prior tu an inspecti�m specifyin�reaxc�nable cause fnr the inspectirni. . '!'F�
<br /> l0. Cundemnatton. The proceeds nf any awarJ or claim fur damages, direct or consequential, in connection �vith any � A�::
<br /> condenmation or other taking of any part of the Property,or for ronveyuace in licu of condemnation, are hereby assignod und ',. ,;=-.�
<br /> shall bc paid to Lcndcr. �:":. `"'`,�P4'
<br /> ' � In thc event of.i rotal taking c�f thc Property,the proceeds shall be applicJ to the sums securcd by this Sccurity Instrumcnt, � ',�.'` —
<br /> whethcr or not thcn duc, with any cxccss paid w dorrowcr. In thc cvcnt of a partial taking of th�Property in�ehich thc fuir ��"�'�
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<br /> market vulue of the Property iminciliately beforc thc tuking is equal to or greater than thc amuunt of thc sums secured by this __
<br /> � Sccurity Instrument immediately before the tukiog, unle�s Burruwcr and[.r.ndcr uthcrwise ugru:in writing, the sunis securcd by ��==_ --
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total eY-�v��
<br /> amount of the sums securcd inuncJiately before thc taking, divided by(b) thc fair market value of the Property immediAtely - _�
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<br /> before the taking. Any halance shall be paid to Borrower. ln the event of a�artial t:ilcing of the Propeny in which the fair
<br /> market vulue of the Property immediately before thc taking is IeSS ihan the umount of the sums sccured im►ncdiately before the
<br /> taking, unless Borro�ver and L.ender othenvise agree in writing or unless applicablc law othenvise provides, the proceeds shall ---
<br /> , be applied to the sums secured by this Security[nstrument whether or not the sums are then due. ---
<br /> If the Property is abandoned by Borrower, or if,after notic�by L.ender to Borrower that the condemnor offers to make an
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<br /> award ur settle a claim for Jamages, Borrower fails to respond io L.e:nder within 30 days after the date the notice is given,
<br /> " Lender is authorized to collect and apply tha proceeds,at its option,either to restoration or repair of the Property or¢o the sums
<br /> secured by this Securiry Instrument, whether or not then due. -
<br /> - - - � . L�.^.:rs.. L:n��r and L'c..., .,�..._..•.._ • �• • ,_ • • � �� ��-:_=-
<br /> .+'Ci .,i�n,�.,i�� ablcC; iii wTitliib. uiiy aNN�ia:uituii tif jiiuiix:ua Iv �idi�iNa� ��'idu Tii.2 czt:;r3 vr
<br /> postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. --_
<br /> I1. Borrower Not Released;forbearance By I.ender Not n Walver. Extension of the timc for payment or modification �`�.q;�';
<br /> of amortization af the sums secured by this Socurity [nstrument g ranted by Lender to any successor in interest of Borrower shall ` �-"
<br /> ' not operate ta release the liability of the original Borrower or Bonower's successors in interest. [.ender shall not be�equired to '� �-
<br /> commence proceedings against any successor in interest or refuse lo extend time for payment or othenvise modify amortization -�
<br /> �f the sums securcd by this Security Instrur,�er.� by reason of �ny dcmand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by l.ender in cxercising any right or remedy shall not be a waiver of or preclude the �
<br /> exercixe of any right or remedy. '�`
<br /> ' 12. Successors und Assl�;ns Iiound; Jolnt and Several Llability; Co-signers. The rnvcnants and ngc�eementti of this ��+ +
<br /> Securiry Instrument shall bind and benefit the successors ;ind assigns of C.ender and Borrower, subject to the provisions of ��
<br /> paragraph 17. Borrower's covenants xnd a�reements shall be�oint and sever.il. Any Borcower who co-signs this Security ��_ _
<br /> Instramcnt but docs not cxc;cutc thc Notc: (a) is co-signing this Sccurity Instrument only to mortgagc, grant :u►d convcy that '���t
<br /> Borrower's interest in the Property under che terms of this 5rcurity Instrument: (b) ir nut personally obligated to pay the sums � ��"_A�'•
<br /> securcd b this Securit Instrument; and(r)a rees that [.ender and an othcr Borrnwer ma a rec to extend, modif , forbear or �1�"'��
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<br /> make any accomraodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. � • ���-
<br /> 13. I.oan Char�es. If the losn secured by this Security Instrument is subject to a law which sets maximum Ioan charges, '��'r�
<br /> and that law is f nally interpreted sa that thc intcrest or ather loan chatges collected or to be collected in connection with the � .�'�`� -
<br /> loan exceed the permitted limits, then: (a)any such loan char�;e�hall be reduced by the amount necessary to reduce the charge � ''�''s�1s , °
<br /> to the permitteJ limit; and (b)any sums already collected from Borrower �vhich exceccied permitted limits �vill be refunded to .� '.�i�'..
<br /> Bonower. C.cnder may choose tu make this refund by rrducin��he principal ��wed under the Note or by making a direct �� ;; *�
<br /> „ payment to Horrower. If u refund rcdures principal, the reduction u•ill be treated as a panial prepayment without any �r�"'`
<br /> prepayment charge under the Note. �_;
<br /> 14. Notices.Any noticc to Borrowcr providcd for in this Sewrity Instrumcnt shall he given by delivering it or by mailing `
<br /> it by first class rnail unless applicable la�ti-reyuires usc uf anothcr mcthc�J. Thc noticc shall be dirccted to the Property Address � '' �
<br /> or any other address F3urrnwer designutes by noticr (o L.ctider_ Any notice tc� Lendcr tihall be given by first class mail to �
<br /> Lender's addresti stated herein ur any c�ther address Lender ciesi�nates by notire tr Borruwer. Any notice provided for in this
<br /> , Securiry Instruuicnt shall he dremed ro have been given to Bc�rmwerur Lender when�iven as provided in this paragrTph. I ¢.�
<br /> I5. Governin� La�r�; Severability. This S�curity Instrumcnt �hall hc �,ovcrned by fedcral lau• and thc luw oF thc ,
<br /> jurisdiction in which the Propeny is I��rated. [n the event thst any provision ur clause of this Security Instrument or the Note � , '
<br /> cunFlicts with applirablc law, sunc�ontlict shall not affcrt ivl,rr�rovitiions of this Sccuriry Instrumcrn or thc Notc tvhich can bc i , �;
<br /> given effect without the rontlicting provision. To this enJ thc pro�•i,ions uf'thi� Security Instrumcnt xnd thr Nc�te are declared � �
<br /> to bc scvcr.iblc. ��'�
<br /> l6. Borro�der's Cop�•. Borcuwcr sftall hc gi��cn one conti�rmal tupy ut'the Notc anJ uf'this Serurity Instrunrent. � +
<br /> .. ' Form 3028 9190 '
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