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<br />�i �--- • • • , � � S �•_ —_
<br /> �-i.• ��+�I! �� �
<br /> �-� ' , r PaY�nts maY aa touger be required,at the option of Lender,if mortgage insurance wverage'Zin the amouni and fur the peiiod ��`��.-
<br />__,�,._ . .,.. �.F becomes avaitab1e and is obtained.Borr�wer sha1t paY -°_ �
<br /> _ � ,� tl�at Lender requires)Provided bY�►insurer approved by I�ender again _ -
<br /> .�„�`'_.: � .-: ' � the ptemiums te9�aired to maintaim m�rtga$e insurance in effect,or to pmvide a loss r�erve,until the reqairc�ment fdr mortgage ,`�,'�° _
<br /> '°"- ;;•" :��.:;� �nsurssiee e a d s in a c c o r d a n s e w i t l a a n y w r i t t e n s g r a e m e n t b e t v r e e n B orcower and Iender or applica6le law. I.en der s h a l l gi v e t� _ �
<br /> ons of the FroperiY-
<br /> , g,Iaspectfon.Leader or its a�ent may make reasonabie entries upnn at�ins�ti . . �'�.��-� _ __
<br /> � , �. � masoaabie cause for the inspection. , _
<br /> Botru�rer imtice at the time of or prior W an inspecrion specifying • �e.,�,�;,�
<br /> ` ' 10. �oademnatton. The pmce�ds of any award or claim far damages.d'uect or cansequential,in oonnection with az�y ��}��_
<br /> i:: ��-�`- co�e�ation or other taking of anY Part of the Prnperty,or fai conveyance in lieu of condemnation.are heieby assigned aad ���`��.:��...�=
<br /> . shal!6e paid to Ir.nder. . �` _ _-
<br /> : � In the event af a total taking of the Praperty,ti�e proce�ds shall he appiied to the swns secured by this S �which�� �.� = '
<br /> ` � � wtisticer or not the�due.�vith any e��ss paid to Borrower. In the event of a pattial taking of the Property� �___. —
<br />`=�'�� � • to or reater than the amomu of the sums s�by this _ ___
<br /> �}:.�;-::' :' , , maiket value of the Prnpetty immediaselY before the taking is equal g -_ ___--
<br />..��� � • .' ... immediately Fief e the�b•unless Eormwer and L.ender othetcvise agree in cvriting,the suau secared by __
<br /> °a �. '. " , . S�ty I�� lied b the fatluwin fiscdon: (a)the totat __
<br /> d ` " this Sec�uiry Instrumeat shall be� by t he a m o u n t o f t h e p r a c e e d s m u l�i P Y g �tel —
<br /> Y, ,,.¢ �_+, ---
<br /> �,�?.::� .,. a s n o u n t of the sums sec�ueii immediaiely befarc tke tatdng, d'ivided by (b)the fa��t value of the Praperry� Y
<br /> "=: '• � � � before the taking. Any balance shatl 1�e Pu�to�orrower. I n t l te eve a t o f a p a r t�a l`t a l c i n g o f i h e P c o p e rt y in whicti the fair ---
<br /> ��:t''• �mmediatel be�ore the taicing is less than the amflunt of the�sums secured immedia'e1Y before the
<br /> r, . , ruarket valne of tfie PrapertY� Y � --
<br />�- � ` r{l :' � taldng.unless Sorrower and Lender otherwise agree in writing or uniess apPlicabte law othetwise pro�+ides.the proceeds sba11
<br />_ • � be applied to the sams secured by this Secudty Instrument whether or not the sasas are then due.
<br /> a' ' '�� . � if the Property.is ab�doned by Borrower.or if,afier notice by Lender to Boaower t6at the condemnar�affe�s to azake an
<br /> .�'.,: . . � .
<br /> - award ar settts a ciaim far dainages,Borrox�er fails to respond to Lender within 30 days aftet the date the n�o���
<br /> -�- ' I�es i.s authorized to collect an�apP1Y the Proc�s•at its oprion,either to�storation ar sepair of the PrpgeriY • .
<br />�--�'..._..� _�-_.�—.:.1. . .
<br /> '� : .' . �..� � - -- -�savred by this-SecuritY..Instrument,wheih��r or not tfien dae.... -----=---licaho—F or - .
<br /> `;�._. ' .r� Untess lxader and Borrower othenvise agree ia writing. anY aPP n o proceedS to principal�shall-not extead =
<br /> ,. •• ,.�� •' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments• _
<br /> 11.Borrower Not Reieased;Forbearance By i.ender Not a Waiver.Extensioa of ths rime fe? a�yment or�odifrcation
<br /> � • af amortiratinn of the sums secured by this Security Instrument granted by l.ender to any successor w:i�zrest of Bormwer shaU ���
<br /> . � ` � not operate to rclease fhe Iiabiliry of the otiginal Barrower or Barroc�rer's successois in interest..Le::�er shaA nat be required tv ��� �
<br /> � - � commence pmceedin8s against anY successor in interest or refuse to emend time for payment or athecavise modify a�uu��:la�oa • _-
<br /> ` of the sums secumd by this Sec,uriry lnstrument by reason of azry demand masle by t1►e original f?arrower or Borravrer's ��;=�
<br /> , ���—
<br /> . • . .'�t� ? successors in interest. My forbe�rance by Lender in exercising a�ry right or remedy shall not be a��+�r of or prectude the �.p�.
<br /> ,:�
<br /> . , , exerci..se.of any right or remedy. � _ •f,
<br /> �.. ' �.Su�ois and Assigas Bound;Joint and Several LIability; Co�sigaeis. The covenants and agreem��s of this Y,�,
<br /> ' Security Instniment shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of ,
<br /> .��-
<br /> • - ' ' � patagraph l7, Borrower's co�enanu and agreements shall be joint and several. qny Borrower who ccrsigns tfsis Securiry �.
<br /> �:_.
<br /> ' � ' � Instrument but daes not eaecute the Note: (a)is co-signing[his Serurity lnsmwnent only to mort�age, gram and convey that �
<br /> � � � Borrower's interest in the I'roperty under the terms of this Security Instniment:(b)is not personaily obligated to pay the sums �,
<br /> `��`'�I . '' • secured by this Security lnstrument;and(c)agrees that 1.ender and any other Borrower may agree to e�ctend,modify.forbear or _ .,r
<br />,.��•.�•: ' - • � � make any accommodations with regard to the terms of this Security Instrument or the Note without that Sorrower's consent. �
<br /> " ' � ' 13.Loan Charges.If the loau secured by this Security Instrument is subject to a law which sets muimum loan chasges. •�`�
<br /> ""�'!'`��"'"`'"'` ' . and that taw is frnaily interpreted so that the ir,terest or other loan charges collected or to be callected in connecrion with the �
<br />.�' ' ��� � ' toan e�.ceed the pemiitted limits.then: (a)arry such loan charge shall be reduced by the amount necessary to reduce the charge . ;
<br /> . �,��
<br /> � �'`�''�'� �' �� ��rtnitted limit:and(b)anY sums alreadY collected from Borrower which exceeded permitted limiu will be refiinded to _�' �r .°�
<br />;�.,=s�::',:��:;,,__,.�.. � to tb.e�e �`—'- -_
<br /> �.=� - • . Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br />�.'i�-.. ;.o.r
<br /> '�• • . . : , payment to Bonower. If a refund reduces �zu:cipal. the rectuction will be treated as a partial psepayment without any :�'f�=
<br /> --� � • prepayment charge under the Note. �� ��'
<br /> � ` 14.Nottces.Any norice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing ''q:�:�,���:�
<br /> '•� � • • it by first class mail unless applicable law requires usc of another method.The notice shall be directed ta the Property Address
<br /> n ,--
<br /> � � • or any other address Bonower designates by notice to Lender. Any notice to Lender sha11 be given by first class mail to ,•':,�� ;.�•' _
<br /> - ' ' Lender's address s�::ed herein or any other address Lender designates by notice to Borrower. Any norice provided for in this �.�y��.�:
<br /> � �� Security lnstrumer�shall be deemed to have b�gven to Borrower or Lender when given as provided in this para�aph. ; . _. -
<br /> � �• ' , �5.Governing Law; Sevesa6i9ity. 7'i�is 5ecurity Instrument shat! be governed by federal (aw and the law of the . r.
<br /> -�` '``�- • ' juri s d:.^ti o n i n w h i c h t h e Pro pe rt y is located. In the event that any pravision or ctause of this Securiry Instrument or the Note . �
<br /> '�-�=;,�:.... � . :
<br /> :;�-_�:.., , , confliets with applicable law,s¢cEs conflict shall not uffect ather provisions of this Security Instrument ar the Note���hic h can be • ''1
<br />•;��"� ''.i ,� given effect witho�s the conflicting provision.To this end the provisions of this Security instrument and the Note are declared , :�_:
<br /> �"� = '•:e.. . to be severablc.
<br /> z`'t��;',+;'�'�` .�.�•', 16.Borrowes's Copy.Borrower shall be given one conformed copy of the Note attd of this Security Inst�ument.
<br /> •-';':��=- ` Form 3028 9190
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