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<br /> ' � paymcnts may no longer be requaed,at thc opdon of Lcndcr, if mortgagc Insurancc covcr gc��(i�the�un'en��o�c period �ii..
<br /> lhat 1,enQcr ra{ulres)providbd by an insurcr epprnveQ by S.cndct again becomcs evailablc end is abtaincd.Hoa�owu shall pay thc
<br /> ,�. � ` ' premlums rcquircd to malnWn mortgago inswaricc in effcct, or u�pmvidc a loss rostrve,undl the rcqutremcnt for mortgage =
<br /> , insurance cnds in eccordance with eny wdtten agcecment bctwr,en Ho:rawcr and Lender or spplicah�!�w.
<br /> , � _� 9.Iaspectic►n. I,atclu or lts egem may make reasonable eniri�ss upon end Inspecdons of tho Proputy.Lender shnll give ,,,
<br /> , _ • Bamwu notict at tho time of or pdor to an inspecdon specifying reasonabla cause for the inspecdon. " 1
<br /> - 10.CondemaatWn. 'Itie pxoc�ds of nny eward or clalm for dssmnges,direct or cansequential, in connecdon wtth any , ° -
<br /> condemnatian or other taking of any part af the Property.or for conveyance in Ileu of condemnstion,aze hereby essigned and :
<br /> shall be pai,d to I.ender. °
<br /> In tho�evcnt of a Wtal t9king of thc 1Property.thc procecds shall bc applied to thc sums securcd by this Sccurity Inswmcn�
<br /> whether or not nc�n due,with nny cxass pald to Borrowea.Ia the cvent of a partial tnking of tho Property ln which the fait market °
<br /> ' valae of U�e Prnperty immediauly before the takiag is equal to or�euter th�►n�ho amount of the sums secured by this Sec�rIty ' • „`
<br /> Instcument immediauly before the teking, unless Boirowu and Lender othuwise agree in wridng,the sums socured by this '�';�:'+::�.
<br /> � Setiuiry Insuutneni shal!L+e reducs�d by the atnount of ths procoeds mult!plie�by thL follow�ng fra�t�on:(a)lhe tota!emQnnt of �-:,:•�.: ._�,
<br /> ��. the sums secured immcd3at�ly 6efnre thc tt�lCCing,dividcd by (b)the fair market value of. thc Pcoperty immediately beforr,nc� � '" .•-•�-=-
<br /> .:��".'T.; .
<br /> rsiring.Any balance s4a11 ba paid to Borrower.In the event of a pardal taking c►f the Pmputy!n which the feir rnarket valua c�f the �;..n�: a, ,,,:�
<br /> Y= , Property immediately before the t�icing is less than the iunAUnt of the sums seciued immediatcly before dic teking, unl�:ss , -
<br /> - " � Buxro�v�►��d Lp�QPa o�crn,ise a�rec in�!�*idn;or unle.s�appllcrb!°I3N!OIIlCtl4L�jlTOYl�f9,the proceeds st�ll bs ag�Hed to th� .. :��",.._:�--'
<br /> sums secured by th�s Sec:urity Instrument whether or not the swns are then due. " �
<br /> If the Property is absmdoned by Horrower,or if,after notice by I.ender to Eorrower that the condemnor offers to make e�� •:`'`�.�'.'�"��
<br /> };��•'i�.
<br /> � ,. award or seule a claim for damages,�orrower Fails to respond to I.ender within 30 days after the dau the noticr,is given,I.ender :�;�,'� _
<br /> y is authorized to collect and apply the proceeds,at its option,ei�her tn reswration or repair of the Property or to the sums secured - �.
<br /> �;,, by this SecurIry Instcument,whether or not then due. :�
<br /> ' Un1GSS Lender end Borrower otherwise a g ro e in wridn g,nn y a p plication af procceds w princi p a l shall not extend or p os t p one
<br /> � thr+�l� datr.of fhe mnnthl na mnnta mfrlrr�l tm m��rvarnnhc 1 an�1��r rhange thr nmrnmt�f���r_.h nnymr.nta, ���
<br /> . _ _ _��__' _ _ ' ' ' 'Y r_y"""-'_""__'__'r �. .. •.-�� _ ,. .. .
<br />, �� 11.Borrower Not Rele�sedi Forbear�nce ay I.ender fYot a Waiv�r. Extension of the tune for payment or moiliticadon ��
<br /> , „ � of amorpzation of the sums secumd by this Soc�irity Inscrument granted by Lender to any sucxessor in intcrest of Borrower shall
<br /> . ' not operate w releasc the Ilability of the orlginal Borrower or Borrower's successors in interest Lender shaU not be requircd to
<br /> � commence pmc.cedings against any successor in lntemst or refuse to extend timc for payment or othcrwise modlfy amorti�ation of >
<br /> � the sums secure�by thLs Security Instrument by m,ason of any demand made by the orig6aal Eoirower or Bonower's suoc�sors ,,,, � �
<br /> �"•�•'�� In interes�. Any forbearance by Lender in eaercising any right or remedy shall not be a waivcr of or preclude the oaencise�,f ony
<br /> . . right or remedy. • _ ,
<br /> 12.Succe�sors and Aasigns Bound;Joint ond Several Liabiltty; Co•sigtters. The covenants and ageements of this ' ''�
<br /> � . Sccurity Ins�ument shafll bind and benefit the successors and assigns of Lender and Borrower, subject to the provisons of '.
<br /> �� -. paragetiph 17. Borrower's wvenants and ag�cements shall be joint and severnl. Any Dorrower who co-si�ns this Secudty � ��
<br /> Insuumea�i but does not eacecute the Nata: (a)is co-signing this Secority Instrwnent only w moctgage.grant and convey that ;••� �• �,
<br />: Borrower's interest in the Froperty under tho tcrms of this Sec:uriry Inswment; (b)is not personally obligated to pay the sums "-'a�'• r
<br /> secured by Utis SccurIty Instrwnent;and(c)agrees U�at Lender and any aUie,t Sorrower may agree to exte��,modify.fotbear or , ""��- " '
<br /> • make any accommodadons with regard to the terms of this Security Instniment or the Now widiout that Bo:�ower's consent �•
<br /> � , • 13.LoAn Charge�. If the loan secured by this Security Insuument is subject to u law wku;ch sets r�naximum loan ch�trges, ,
<br />:- artd that law is finally intcrpreted so t�ac the interest or other loan charges collected or to be collected in connection with t�e]oan I `;:��;'
<br />- • � exc�xrl the permi�ed limits,then: (a)any such loan charge shall Ue reduced by the amount nacessary W r�educe the charge to the ,
<br /> . , � " peimitted limi�and(b)any sums already collected from Barrower which exc�clzd permitted limits will be refunded to Borrower. I
<br /> Lender may choose to make this refund by reducing the principal owed u�d� the Note or by making a direct payment ta •q�.
<br /> �� Borrower. If a refund reduces principal,the ralucdon will be treated as a pattial prepayment without any prepaymeat charge '
<br /> under tha Notc. i
<br /> '� , 14.Notices. Any nouce to Sorrower provided for in tnis Security Insrrument shall be given by deGvering it ar by mailing it j
<br /> ; by fust class mail unless applicable L�w requires use of another method.The notice shall be directed to the Property Addness or � . � • .
<br /> any other uddness Borrower designntes by nodce tfl Lender.Any nodce to Lender siinil be given by Cust cla;s mail t,o Lender's � �
<br />_ ' ,. oddtess staLed herein or any othea address Lender designates by nodce to Botrower. Any notice provided for in this Securiry �
<br /> Instrument shall be dcemed to havc bcea given to Sotrower or Lender when given as pmvided in this paragraph.
<br />-- �;�' � ' 15.Governing Law;Severability. This Security Insuument shall be govemcd by fcderal law and tha !nw of the
<br />- i jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry Inspument or the Note �
<br /> � conflicts with opplicable law.such conflict shall�ot affect other provisions of this Security Instrument or the Nota which can be
<br />— given effect wtthout the conflicting provision.To this end tho provisions of this Socurity Instrument and the Note are dedared w �
<br /> � bc scvcrable.
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<br /> Form 9020 9l00
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