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<br /> �, � 9 5- 1(�14'79 ; � :i-
<br /> payments may no longcr be requ'vcd,at the option of I.cndcr, if mortgege insurnncc covcrnge(in the nmount nnd for the pc�iod � ='
<br /> that I.ander requires)provided by an u�surer approve�l by Lei�der again bec:a�nes nvuilable a���is ob�u�ul.Surrc�wer shall pay the �
<br /> premiums required to maintaln mortgage insivance in etfect, or to provido a lnss reserve, until the requirement for mortgage ! ' .
<br /> insurance ends in eccordance wlth any wriuen ugreement between Borrower and I.ender or upplicable luw. �
<br /> - • 9.In�pectbn. Lender or its agent may mnke reasanable entrles upon and inspocdons of the P�ropeny. Lender sh�ll give ` ' .
<br /> �, Honowu nodce at the time of or prior to nn in�ecdon specifying reasonable cause for the inspocdon. � ^
<br /> 10.Candemnattan. 'lt�e proceeds of any awerd or cleim for damage5,direct or consequential, in cflnnecaon with any l
<br /> � � candemnution or other tnkir►g of any part of tha Propeny, or for conveyance in lieu of condemnation,are hereby assigned and i ,
<br /> shall ba paid to Lertder. ,
<br /> In the event oF n total talcing af Ihe Property, the procccds shall be applicd to U�e sums sccurcd by thls Security Instrument, C •
<br /> whether or not then duo,with any excess paid to IIonower.In the event of a pardal taking of thc Peoperry in which the fair market i
<br /> . value of the Propeny ima:ediatcly bafora the taking is equal to or grcatcr than the amount of thc sums secured by this Seciuity " ' + � �' • �
<br />- ' Insttument immedlately 6efore thc taking, unless Borrower and Lender otherwisc agrec in writinng,the sums secured by this ; �"
<br /> : Security Instrument shNl be reduced by the amount of the proceeds multipGcd by the follo��in�fraction: (a)th�total funount Qf ; ,
<br /> •,;� the suma secured immediatcly beforc the talcing, divided by (b) the faic market valuc of thc Froperty immcdiawly beforc thc �
<br /> _� taking.Any balance shall be paid to Borrower.xn the event of a ardal tak�n af the Pro � '�;-�.
<br /> p r a g parcy in which ihe fair market value of the � . , �: ,
<br />.i �s?,,:...; _: -��� � � ,�:i�;•��p:.�
<br /> Property imtnediately befmre ¢he taking is less thnn thc amount of the sums secured immediately before the t�ilcing, unless •
<br /> i:�.�'` �.��:�. {�, ;:�::..;.• � •
<br /> .., ,..�,:,. . Borrowcr and Lender otheaw�sc�rc�in writing or unless Applicable law otheawi,e provides,the proscecls shall be npplied to the �' ',.;,,; ;,. �;:• � , , >
<br /> it.
<br /> � , surns scciued by this Security Instm�ment�vhether or not the sums are then due. „;:: �, :;:'��};:. ,�
<br /> • . If the Prapemj is abandoned by Borrower,or if,after noticc by Lender to Borrower that the condemnor offess to r,�akc an is�,��;°�',��',�. '� ''� °" �
<br /> ;:;;y,;,.,;
<br /> • '> awArd or seule a c3aim for demagc;s,Bottowcs fvls to respond to L.endcr within 30 days after the date�he nadcc is gi��en,Lender �;f"�1';',:r.,' �'��•' "�
<br /> ';� is authorized to collect and a ply Ihe proceeds.at iis a Gon,either to restsralion or rc alr of the Pro �� ������;��� � ����
<br /> p p p perty or to�he sums secured . >••
<br /> �;?;` by this Security Insmiment,whether or not then dua �
<br /> IInlesa Lendcs And Borrower otherwise agree in writing,any appHcaaon of procccds to principal shaU not cxtcnd or postpone �-
<br /> the duc datc of the montlily payments referred to in paragraphs 1 and 2 or chnnBe the amount of such payments. :_ ��,
<br />• —1 11.Borrower Not Released;Forbwrance By ixnder Hot a Waiver. Extension of the dmo for payment or modificadon I ;,
<br /> fof amottizatian of thn sums secured by this Securiry Inswment granted by Lender to any succcssor in interest of Borro�vcr shNl
<br /> I not operatc w rcleaso the liability of the original Borrower or norrowcr's succcssors in interesG Lcndcr shell not bc eequi•rcd ta „ .
<br /> • , wmmence proceedings ngaiinst a�y successor in interest or refuso t�extend time for payment or olherwise modify amorttzntion of
<br /> , 1hc sum�socurctl by this Sccarity Instrumcnt by scasan of any dcmand made by�hc origtnal Barrowcr or Borrowcr's succcsson ''
<br /> ' in intcrag� Any fo�bca�nvicc by Lendcr in cxercising any eight or remedy shall not be n wNvcr of or prcclude the excrcisc of any •"���;�:�'i�
<br /> � righi or rcmedy. � �
<br /> , „ ' } •' �
<br /> !2.3uccessore Rad Assi�n�Bouad;Joint and Several Ltabllity; Co•signers. 7he covcnnnts ond egrcemenls of this ,, ,
<br /> ' f Sxuriry lnsuument sdatl bind end bcncCt thc suc�;cssors nnd ussigns of i.ender nnd Borrowcr, sub}ect to the provisions of �� '��
<br /> I paragraph 17. Borrowcr`s covcnants und ugrcemcnts shall bc joint and sevcrnl. Any Borrowcr who co-signs this Sccurity �r� .
<br /> Instrument but does not eaecuta U�a Note: (n) is co-signing this Security I�onvment only to mortgege, grant ond convey that � �?r;:,__.�
<br /> Borrowee's interest in tho Property u�ndcr the terms of this Sccuriry Instrument;(b)is not personally obligated to pay the sums '��'
<br /> secured by this Security Instrument;end(c) ngrees that Lender and ac�y other Bnrrowec may agrec to eatend,modify,forbear or •����,-`
<br /> . ma3ce any accommodations with regard to the terms of this Securiry Instrument or the Note without thut Borrower's consen� " `;"?�`t,""`
<br /> 13.I.oaa C6Arges. If the loan secured by this Security Ins�ument is subject to a law which sets me�cimum loan charges, °��"�'
<br /> ' � and t!u►t law is finally interpreted so that the interest or other loan charges collected or to be collected in connecdon with the loan �
<br /> eaceed the pecmiued limits.then: (a)any such loan charge shall bo reduced by the amount necessary to reduce the charge to the � • ,,
<br /> ,, i I p�;���;�d(b)any gumg already cullected from Borrowet which exccxded permitted limits will be refunded ta Bumov;cr. � '-._��}° •
<br />� .,I .
<br /> ' Lcnder may choosc to make this refund by reducing the principal owed under thc Notc or by making a dircct payrt�ent to ; • ���:
<br /> Borrower. ff a refand reduces principal,the reduction will be ucated as a parcial prepayment without any prepayment chuge � .,.
<br /> " under the Note. , °
<br /> • 14.Notk�. Any nodcc ta Borrower provided for in this Sa;urity Instrumcnt shall be given by delivering i[or by mniling it � � ''
<br />- by first class mail unless applicable law requires use of another methad.'I1ie notice shall be dicected to the Property Address or � �
<br /> . nny other address Borrower designatcs by notice to Lender.Any notice to Lender shall be givcn by first class mail to Lender's � .
<br /> - address stated herein or any other address Lender designates by notice to Borrower. Any notice pvovided for in this 5ecurity i
<br /> - Inswment shall bc dcemed to have bcen given to Bonower or I.cnder whcsn Qiven as providcd in this paragraph. � -
<br /> "� iS.Governin Law;Severebilit . This Securi Inatiumant shn11 be '
<br />'�, g y ry govemed by federal Inw and ihe lnw nf the
<br /> r . jwisdiction in which the Property is lacuted. In die event tline any provision or clause of this Sccurity Insuument or the Notc
<br /> conflicts with appllcable law,such conflict shaAl not affect other provisions of this Security Instrument or the Notc which can be '
<br /> � givcn cffect without tho conflictin�provision.To this end the provisions of this Scxiuity Instrument and tho Notc cue declarcd Uo
<br /> be severablo.
<br /> �
<br /> - � � Form 8028 9��0 '
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