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<br /> - p�ymcnts ntay na longcr lx:rcquircd,ut thc uptian u7 lJendcr. if rnortgage insuxance cnvcrAgc(In tho anwunt and k'or the period
<br /> thut Lcnder r�quires)provided I�y un Insurcr approved by Lender again tx:comcs availablr,nnd is abtainecl. 8urrowc�shal[pay
<br /> the premfums reyuired to maintain mortg;+ge insuran�e in effect,or to provide t�loss resc�we,until the r�quircn�nt for mortgAgc
<br /> ; insur.uicc eud:,Ifi 4CCU�Btit1C8 Willl tiily Will�a:ii i�bi'�CliiCilt E1L'114�c;.n IIo��i•oti��cr and l.�ndct or appllcablc Is��. =--
<br /> 4.Inspecdon. l�endcr or its agcnt�nay make rc�sanable cr,tries upon and inspcedons of the Property. Lendcr shalt gir•e •
<br /> �! Borro�vcr notice at th�e time oi'or prior to an inspection tipecifying rcasonat�le cause for the inspectioa.
<br /> 10.Cmidemnatlon. Tlie procezds of any nward or clalm far darnages, direct or consequcntial, in connection wiQ� any
<br /> condemnation or other t:ucing nf anv paR uf Ihe Proiperty,or for conveyanee in lieu uf cunduuuatiuu, a►e hej2by nssigne3 ui�ti --
<br /> _ shall bc paid to I.endcr.
<br /> -°'�`- ° In the eveut uf u total taki�g of the Praperty,the procecds shall be applicd io the sums secured by this Security Instrument. . -
<br /> whether or not tticn due, with any excess paid tu Barrower. In the event of a paiti�l tnking of tlis Pruperty in which the fair
<br /> market valuc af the �'roperty immediatcly befoec thc taking is eyual to or greater thun the amount af thc sums secured by this
<br /> 5ecurity Instrument immediatcly bcforc thc taking,unlcss Borrowcr and L.ender otherwisc a�rce in writing,cha sums secured by
<br /> � -- this Seeurity Instrument shall be reduced by the arnount of the proceeds multiplied by die folio�ving fraction: (a) the total
<br /> ; amount of th� sums sccured immcdiatcly bcfore the taking, dividcd by (b) thc fair markct value of the Property immcdiately
<br /> before tl�e taking. Any balnncc shall 6e paid to Borrower. In the evcnl of a partial taking of the Property in �ehich the fair
<br /> ---i markct vnluc of the Pmperty immcdiatcly beforc the Iaking is less than the amount of the sums securc,�i immediately before the =�
<br />- -== t.:king, untes� Horrr�wcr and l.end4�ot!tenvise sgree in �t�riting er unl�ss spp!lCabl�I��w nihelwise pmvidCS, the proccerls shall
<br /> '—_��
<br />- ___-_ �c a�pt::,ci to ih��ums s::tu��d t�y tl:i�S�,u:ity Ir.stn:sne:it whethe�•��r not the sums ate then due. ��_`_
<br /> -- If ihe Property i..abandoned by Borro�ver, or if,ufter notice by I..ender to Borrower thut the condemnor offers to make an �
<br /> - , awnrd or settic a claim for damages, Borrower fails to respond to Lendcr within 30 days after the date the noticc is given. '
<br /> --� Lender is authorizcd to collect and apply the procecds,at its optian,either to eestorution or repair of the Propeny or to the sums �G'-�=�
<br /> secured by this Security Insnvmcnt. �vhethcr or not then due. �
<br />_��,;� Unless Lender and batroacr othenvise agrce in wriling, :my �pplication of proceeds to principal ai��ll not extenJ u� `=°-_
<br /> ..,,,� postpone thc due date of thc montlily p:►yments referred to in parugtaphs I and 2 or change die umount of such pAyments. __
<br />--„��; 11.Rorro�ser Nat Released; Forben�atnce By L.ender Not a Waive►•. Extension of the time for payment or modification =--
<br />-��su,k� of lmortization of thc sums sccurcd by this Securiry Instrument grante.d by Lender to any successo�in intemst of t3orra�vcr shall -
<br />----�_�� not upente to rele:�.se the liability of the original Bos-rower or liorrower's successors in interest. Lender shaii not be rcquired co _
<br />��-�`'� eommence proceedings against any successor in interest or refuse to exte�id time for payment or otherwise mudify umortization _,
<br /> ° of the sums secured by this Security Instrument try reason of any demand made by the ��rigisial Bonower or Borrower's
<br />•=_+�'� successors in interest. Any forbearance by L,ender in exercising any right or remedy shafl not be a waiver of or preclude the
<br />-�--��'a exercise of�ny right or remedy. ��-
<br /> -:-.-�� 12. Successors nnd Assignti Bound; Jolnt nnd Several Llability; Caslgners. 'the covenants nnd agmements of this �;��
<br /> �'� Securiry Instrument shall bind and benefit the successors und assigns of Lender and Borrower, �ubject to the provisions af -
<br />_y"�'`� paragraph l7. Borrower's covenants and agreements shaU L•c joint and several. Any Borruwer who cn-signs this Security ��--
<br /> -�""`� Instrument but does not execute thc Note: (a) is co-xigning this Security lnstrument only to mongage, grant and convey that f''
<br /> Y=� Borrower's interest in the Property undcr the tcrnis of this Security Instrumcnt; (b)is not personally nbligated to pay the sums �"'
<br /> __— secured by this Securiry Cnstrument; and(c)agrces that Lender and any oth�r Borrower may u�ree to�xtend, modify, forbear or ��`
<br /> °_— - make nny uccommodations with rcgard to thc tenns of this Security Instrumcnt or thc Not�without that Borcower's consent. �_.:
<br /> °�"°j 13.I.oan Cl�arges. If tlie loun sccured by this Security Instrument is subject to a laa� which sets maximum loan charges, h'�_�
<br />�-��-' and that I�w is flnally interpreteci so that the interest or other loun charges r.ollected or to be callected in connection with the ��,'���
<br />� loan exceed die permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge :�-F.
<br /> -°--'= to the permitted limir,and(b) any sums already col Iected frrnn Borrowcr which excecded permitted limits will he refwided to �,1°;:
<br /> {;� Borrower. I.ender may choose to make this refund by reducing thc principal o�vec! under the Note ur by making a direct
<br /> —�a� payment ro Bonower. If a refund rcduces principal, the reduction will be treated as a partial prepayment without any
<br /> ���'�j prepaymcnt diargc undcr thc Notc.
<br /> -�`�'� 14.Notfec.w.Any notice to Borrower provided far in this Serurity lnslniment shall bc given by delivering it or by mailin�;
<br />•�,;��:��
<br />- '"—a'ti:�� it by first class mail unles;applicablc luw reyuires use of unother method. The notice shall be directcd ro the Pro�xrty Address
<br />:::�.:����
<br />,ts�-;�,� or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by fint cluss mail to
<br />_•res�-�.:�;�.
<br />_;;�;,,.;,,�,1 Lender's address statcd hcrcin or uny c�thcr address I.endcr dcsisnates by noticc to Borro�vcr. Any noticc providccl for in this
<br />=''^`r;�'° Security lnstrunient shall be deemed to have bcen givcn to E3orrowcr or Lender when givcn as providcd in this paragraph.
<br />°"?�Y' 15.Govern(n� La�v; Sever�blltty. This Sccuriry Instrurnent shall bc gaverncd by fcdcral law and thc law of thc
<br />-��i,.�� . ,
<br /> =-:--°.+:� jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instromem or the Note ,
<br />:.��,:�:
<br /> contlicts with applicable law,such conS�lict shall not aftect other provisions of this Scceriry Instrument or the Note which can be
<br /> ,��._s�l given effect without the conflictin� provision.To this end the provisions of this Securiry Instrument and the Note ure declared
<br /> �'��°'��� to be severable.
<br /> ,"='"I��� 1G.Dorrower's Copy.Borrower sliall bc given one conformed copy of the Note and of thi:;Security In�trument.
<br /> � .
<br /> }"'''' Form 3028 9194
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