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<br /> _ gayiments may np tonger be reguired.at the aption of l.ender.if mnrtgage insurance cnverage�i�amount and•for the period �
<br /> . a G' . .
<br /> � � tHat Lender reqnires)Provided by an iasarer appro�ed by�Lender again 6eco�es availahle and is obtained.Berrower shall pay . - . . . .
<br /> `; .�,;``',� `'`. ;.�;`'<. �e preminm-s reqaired to maintain mortgage insurance in effect.or to pmvide a loss reserve,until the requirement for anortgage •.
<br /> �. , �.-�.,: inc�r,�.,ce eads in accordance with any written agreement between 8orrower and Lender or ap�licabte law. __ :_ ���� _
<br />�� -- - 9.Ins�Ction:Lendes os its agem may matse reasonabte eistries ugan and istspections of the Property. i�nder shall give _ _T __t.�� —.
<br />_�° `. . °� '' Boriower notice at the cime of or prior to aa inspection specifying reasonzble cause for the inspection . ; � ,:
<br />�' '_ `�; , ,
<br /> ;�a;�Z.,,_ : . 1�.Condemtasttna."f'iie proceeds of any award or claun for dasnages, direct or consequen6al. in connection witti an� �f
<br /> J��'.'-;:�.. •=`,:.� �•.` condemnationor oti�er taking of any part of the Property.or for conveyance in lieu of�-Qndemnation, are hereby assigned and . �;s: .____
<br /> ' b shall be paid to Lender. this Security Instrament. • • •�. � �
<br />_�'`�`'.. `� `' '•4 Ir�t�e event of a total taking of the Property.the proceeds shall be applied to the sums secut�d by . . •
<br />�'�>���". ' .: ,, ,'� w h e t h e r o r n o t t h�n d u e.•w i t h a m r e x c e s s paid ta Borrower. In the event of a partial takinS of the Property in which the fair „
<br /> -•.� .__ ., .
<br /> - market ralae of t6e Property immediately before the taking is equal to or greater than die amount of the sums s e c u r e d by t h i s '�
<br />� �' ' � : Setvrity Instrument immediatefy 6efare the talcing,unless Borrawer and Leader otherwise agree in writing,the sums secured by • '��,.,;, ,
<br /> • � ` . this Securiiy Instreiment shall be reduced by the amount of the pmceeds multiplied by the following fraction: (a) the total . . .
<br />" � � amo¢nt of the suins secured immediately before the taking,divided by(b)the fair market value of the Property immediately • . •
<br /> ( before the taking• �41►y balance shall be paid to Borrower. In the event of a partial taking of the Propercy in wlrich the fair . ',f ,. �
<br />�`,. �.`� market value of the Property unmediately before the taking is less than the autount of the sums secured immediately defore the •
<br /> �. ',.r ._ .
<br /> ��T. •. taking. untess Borrower and Lender otherwise agree in writing or unless applicable law otherwise p;ovides,the proceeds shall • . .4 .
<br />�'" ---`=°-�--i•� be Ited to the sums secared iry this Security Instrument wheiher or not the sums are then due. _ __:.r.•.. .
<br />- - • . .. ,� : _.__... -----��----------��----- --�-
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<br /> If the Property is abandoned Ciy�oriower."orif,"a-ftei�not'rce by i:ender�tmBorrower thatthe condemcior-offers.to makean ._.. _•.._.. '._�_. .. .:• _
<br /> ��' � .'�• `•'��'" awatd ot settle a ctaim for damages. Borrower fails to respand to Lender within 30 days after the date the notice is given, . �;
<br /> . : � � , •
<br /> Lender is authorized to coltect and apply the proceeds,at its option.either to restoration or repair of the Property or to the sums ` 'q r` �.��_
<br /> 4 •.. ':., . .
<br /> ' � '� secured by this Security Instrument.whether or not then due. • ��,:
<br /> ' ._._.`...--- • n S ' 1 not ext _ ,..,�
<br />- � Unless Lender and-Borrower.otherwise_ in writing, any appLca an of procae�d m principal shal
<br /> � � ..; _. agree - - - . ._ ..
<br /> end or
<br />-"'�' " .. postpone.the due date of the mnnthly payments referred to in paragraphs 1 and 2 or change the amouni of such paymenu. •
<br /> �` � 11.Borro�r•er Kot Released;Forbearance By Lender Not a Waiver.Extension of the time for payment or niodificatian �
<br />-� � - ,of amortizat'son of the sutns secured by this Security Instrument granted by Lendec to any successor in interest of Borrower shall . ''�x�..-;:. �
<br /> not operate to release the liability of the original Borrower or Borrower s successors in interest. Lender shall not be required to , -.._ _
<br />-_�.� � � ��:�E,,��~, commence proceedings against any successor in interest ar refuse to extend time for payment or otherwise modify amorti7ation .:
<br />_� ' ;. • ,.
<br /> of the sums secured by this Secwity Instrument by reason of any demand made by the originaf Borrower or Borrower s r
<br />�. , • = . � successors in interest. Any.forbeazana:by I.ender in exercising any right or remedy shall not be a waiver of ar preclude the .: ,.�,7_
<br />� �.� exercise of any aght or rzmedy. � • �' �
<br />�• �. . . 12.Succes�ots and Assi Bound;Joint and Sereral Liability; Co-signers. The covenanis and agreements of this : .�����i f
<br /> � ..
<br />� , '. , Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of . -,1. '
<br />--- . . • paragraph 17. Borrower s covenants and agreements shall be joint and sevetal..Any Borrower who co-signs this Security , �,�;�_ ,
<br /> =-- . � lnstrumcnt but does not execute ti�e Note: (a)is co-signing this Security instrument only to martgage,grant and convey that ,�.��=
<br />_ : ,t Borrower s interest in the Property under the terms of this Serarity Instrument;(b)is rtot personally obligated to pay the sums • ��
<br /> -�.�, '' �.^:
<br /> � .y secured by this Secunty Instrument:and(cy agees that Lender and any oiher Bonower may a�rce to extend, modify,forbear or � '��-�
<br /> T,� � '` i lX � '
<br />� ;'.'•_� •;.;:�,' ' make any accommodationc with regard to the terms of this Security Instrument or the Note without that Borcower s consent. ;
<br /> _.�,a�:�:;:r; , . 13,Laan C6arges.If the loan secured by this Szcurity Instrument is subject to a law which sets maxirnum loan charges. � �.�:} .,�;
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<br /> �. . and that law is finally interpreted so that the interest or other Inan charges collected ar to be collected in connection with the
<br />�� ` � . . . `:r�T� . -`
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be raluced by the amount necessary to reduce the charge �
<br /> •. ;� ,,,:• . to the permitted limit:and(b)any sums already collected from Bonower which exceeded permitted limits will be refunded to :�.` :�,
<br /> ' ' � • � Borrower. Lender may choose to make this refund by reducing the principal owed under [he Note or by making a direct . �; ,
<br /> '� payment to Boaower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any � ' '`• :.
<br /> �*'`��* �'r"•" ' ' � piepayment charge under the Note. �
<br /> �''�""j"`":�:': �' I'� * r i»this Sr,curi Ins tt u m e n t s h a l l b e g i v e n by d e l i v e ri n g i t o r b y m a i l i n g � � . �-. � .♦��.��.
<br /> 1 4.N o t i c e s. A n y n o t i c e t o B o r r.o w e r p r o v t d c d f o t y ._ . ,
<br /> ��� .' � it by first clacs mail unless appiicable law requires use of another method.The notice shall be directed to the Property Ad d ress ,
<br />_+�E��°;'°sif,''�. . or any othcr address Borrower designates by notice to Lender. Any notice�to Lender shall be given by first class mail to •
<br /> '�,. ' � l.ender s address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this _
<br />"�1 .`"�'�'"•��.`��' ��� . Security Instrument shali be deemed to have been given to Borrower or Lender when given�s provided in this paragraph. . � ._.. . .. _
<br />���_-, . �..:
<br />'��='-rt. y�1 �••. : 15.�overning Law; Severabiltty. This Serudty Instrument sha11 be govemed by federal law and the law of the _.
<br />-{��;..:�• .
<br />;_��„?•L_,�};:N-::�:•:� ' jurisdiction in which the Property is located. In the event that any provision or clause of this Security inscrument or the Note ' '
<br />_ �.�:...:-;-. . $ conflicts with applicable law. such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> ��'- ��'"-""= �-�•;�fi •� � given effect without the conflicting provision.To this end the provisions of this Security lnstrument and the Note are declared .
<br /> - . .•,�•� ' to be severable. .
<br /> 16.Boreower's Copy.Boaower shall be given one conformed vopy of the Note and of this Security Instrument.
<br /> _ —-. .;��' j � Form 3028 9l90 .
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