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<br /> 1�•�'�?' �� � ', paymrnte may no lon�cn c��cquircA, ut tlic option of l.endar, if martgngc insurancc covcragc(In thc umnunt nnd fm thc period i ,. �� � � �
<br /> ., , Uist Le;ider rcqulees)�rovicteii by�ir� iosur�r app�•ovcd by I.cn�er agaln bee;cmtes.tvailabla and Is abtalised. Qoeeower:;hall pay � '
<br /> - chc premlum9 rcqulrcd to maintnin iitongagc lnsurnnce in cffcct,or to providc a loss roservc,untll tlic rc�uircmcnt for mortgage � •
<br /> ' insurance ends in nccordnncc with nny written ngrcement betwcen Borrower nnd L.cndcr or npplicable Inw. . �
<br /> ���". 9. Inspectlon. Lender or its ng�nt mny makc rcnsonablc entrics upon and lttspections of the Propeny. Lender shall givc I ._
<br /> . • _:��. •
<br /> ,�, ' Bonower notice at thG time of or prlor to an inspection specifying rertsonable cause for thc inspcction. . ' ,
<br /> , 10. Candemnntion. Tlte proceede of nny �tward or cluim for damnges, dlrect or cansequential, in co�ection with any I � �
<br /> wndemnntlon or other talting af any pnrt of the Property, or f�r convcy�ncc in licu of condcmnation, arc hereby assi�ned and .
<br /> shall bc pafd to Lender. j ..
<br /> In the event of u total taking of the Property,the proceeds shall be applicd to the sums secured by this 5ecurity Instrument, I � •
<br /> �___ _ whether or not then due, with any eacess paid to Bonower. Tn the event of a partial takine of che Properry in which tl�e fair . . _ . ._
<br /> � • mnrket value of tt�c Froperty iaimcdtatcly before the taking is cqunl to or grea4er thnn thc amouut of the sums sccured by this „
<br /> Sccwtty Iastrument immediately beforc the toking,nnless Bonower and Lender otherwise ngree in writing,the sums atcured by .
<br />.;�,�� „ this Secudty Iastrument shall be reduced by the amount of the proceeds multiplied by the following frnction: (a) the total .���� ��"�-
<br /> "' amount of the sums secured immecltntely before tlie talcing, divided by (b) the fair market value of th�e Proporty immediately ' `��"����
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<br /> ~. . befar�e rL_ takiaa. A.ny balariVe �all be paid to Bo�raav�er. In the evcnt of a pnrtial t�ng of the�roiperty in which the fair � �''�.�;,,� ,,�;;.,,�
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<br />� ' � r�.�r�see�:;<<:�e�r r�:L�c�aeray ir}:��diately before the t��is➢ess than the amount of the sums secured immediately before the '••� ;- ,,
<br /> _ , . „� -ta►v�,�, vr�ess Ba.r��su:;r aad Lender otl�e•rwise agree in�vriting or unless applicable la�v othervrise provides, the procecds ahall �,��;;A,.';,'
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<br /> bc a p pSied to t3�L snms secured b y this Sccurl ry Qaswment whether or not�hE sums are then due. . � � �•;,.��i:,;,•
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<br /> , , !f the Property is abandoned by Borrowe�,n�if,after notice by Le�der to Borrowcr th�t the condemnor offers to make an ,,:. � ' .����±?.��,�--
<br /> •• �' a��vard or setdc a claim for da�nages, Bonawer fails to respond to Lender within 30 days after the date the notice is given, `�•� �, ` �•i'��t-
<br /> . `.� L�-:�1�r is auWorized to collect and apply the proceeds,at its optiaa, either to restoration or repair of the Froperty or to the sums !�+; '�`�•�
<br /> '� �:d by this Security Insm�ment,whether or not thea due. '' ��:� �;�•°'�
<br /> ' ' Unless Lender and Sonower othenviae :�;;tee ln �vriting, any application of proceecls to principal shall nat eatend or 5�' .. . `
<br /> postpone the due date of the monthly payments�zfened to in pxragrapUs 1 and 2 or change the amvunt of such pnymenta. ''r``�::� ,'r
<br /> � �+;�. •
<br /> •�;r„ ,N bl.Ba�rower Not Heieasetl;r'orn�arenc�13y Leacter iVOt a waiver.�xtension oi we time ior payment or modiBcarion i,Srrq��
<br /> ig(�ir��, , •,:
<br /> of�.Ynonization of the sums secured by tl�is Security Iasuvr�rc�nt granted by Lender to any succe�sor iu intetest of B�r.mwer shall �;��r�:;,;;�.:
<br /> ����{;`�` `� � nat operate to release the liability of the original Borrower or Borrower's suce�ssors in in[�rest. L.ender shall not be rEq��ieed to � `r�':'�:`�%
<br /> �n,i��
<br /> � cammence proceediags against any successor in interest or refuse to extend time for payraent or otherwise modify smortizatioi� �`�
<br /> ,. of the sums securecl by this Securlty Instrnment by reason of any demand made by the original Borrower or Bonower's
<br /> seccL,gsors in interest. Any forbearance by Lenclzr in ezercising any right or remedy shall not bo a waiver of or preclude th� s
<br /> . _, e�.�,:ise of any right or remedy. , ���
<br /> . �
<br /> ° 4�. Succe,s,sore and Assigns Bound; Joint and Sederal Liabil[ty; Co-slgnets. 'dhe covenanu and agreements of this '_
<br /> � Security Instrumeat shall bind and benefit the successors and assigns of Lender and Bunower. aubject to the provisions of
<br /> � ' paragraph 17. Bonower's covenants and agr�eements shall be Joint and several. Any Bonower who co•signs this Security � '- {;�,����`•;
<br /> Instrument but does not cxccute the Nate: (a) is co-signinA this Securi Instrument onl to mort a e, rant and wnvo that ��'�`�� —
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<br /> •'i~'�• • Pt�anre�'s intcrest in the Property under the term5 of this�ecurity Instrumeat; (b) is not personally obligated to pay the sums "•'�"*�•° �—
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<br />, " •��„_;-:,.�; �a:.zi;e:l�by this Se��ty Instn�ent;and(c)agrees that L.ender and any other Bonower may agree ro eatend,modify,forhr.su or __,—_ ..
<br /> •'i�;�t;���%. ma:c:an3�accommoendons with regard to the terms of this Securiry Instrument or the Note without that Bonower's consent. -����='��'
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<br /> ; ` -,,; 13. Laan�hlr.ges. If the loan secured by this Security Instnunent is subject to a law which sets mfuccunum loan charges� ;•..;��.��=�_
<br /> - a*_d thnt law is fin�lly interpreted so that the interese or otlier loan charges collected or ta be collected in connecdon with the �r� _ �
<br /> � .�� l�;cn�cxceed the permttted limits, then: (a)any sach loau charge shall be reduced by the amount necessary ro reduce the charge ` ' {„��:
<br /> „ ,� c9-be pennitted limit;and(b)any sums already collected from Bonower which exceeded permitt�.d limits will be refunded to , `•
<br /> 9orrower. Lender may choose to make this refund by reducing the principal owed nnder the Nute or by making a direct � *_. �_ �_
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<br /> - ��� payment to Bonower. If a refund reduces pdncipal, the reduction will be treated as a partiaT prepuyment wlthout any � �,'�.,;,-,.,�,,,,�—.
<br /> -=---- �,s",ayr�ent chugC under�he Note. - -� _`:�=.°'F u t.
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<br /> ;;���'-'`'•'� �4.Notices.My notice to Bonower provided for in this Securlty [nst►vment shall be givcn by deliverii►g it or by mailing ' ° � �
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<br /> :+<<�_., ic C�;;�First class mnil uriless applicable law requires use of another mediod.The notice sh�ll be dlrected to the I�rapeny Ad�tess ,��>:,;
<br />- � o: any other address Boxrower dasignates by nottce to Lender. Any notice to Lender shall be given by �rst ciaxs mail to ��•��"
<br /> lander's address ntated herein or any other address Lcnder designatcs by notice to Borrower. Any noticc provided for in this �
<br /> � "s-:c�:ir�Instrurr�r,t shall be d�med ta have been given to Borc�ower or Lendsr when given ns provided in this pu�agrapU. ( , . .
<br />-- . ��.Govcrning Law; S�ae�r.a'b7lity. This Sccurity Instnuncnt shall bc govcmed by fcdcral luw and thc law of thc � • ,
<br /> j��s�ictIon in which the Propeny is located. In the event diat any provision or dause of this Securiry Instrume�ie or the Note
<br />-- conflicts with applicable law,such conflict sha�!not affect other provisions of this Security Instrument or die Note�ti�hieh can be I . �-
<br /> g[ven effect without the conflicting provision. "[i'o this end die provisions of this Security Insenunent and thc Note ar�declarcd
<br /> ._.{ to be severable.
<br /> - ?«.., 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Secudty Instnunent.
<br /> � ��# Form 3028 1S0 ,
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