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<br /> _ �.,: � r,F�.,� -° Qaytnents may no tonger be iequired,at the aption of Lender.if rttongage insurance coverage(in she amaunt and for ttce p�iod "�
<br /> �'`� '�. • , that Lender requit�s)provided by an insurer approved by Lender again becomes availab2e and is,obtained.Borrower sball pay ��
<br /> � . -:1•: ':•�� ` the paemiums required io maintain naortgage insurance in effect„or to provide a toss�rve,ontil the reqni�aent for mortgage
<br /> ;.,," .� • ,++�,,.an�ends in aecardance wid�any written agreement beiwe�n Bormwer aad Leader or applicabie law: ��
<br /> �� �:'�' . � •` 9. Inspection. Le�cder or iu agent may make teasonable,enuies upon and inspections of the'Property:L�nder shap give
<br /> _ - '• Borrower notice at the time of or priar to an in5p�ction spacifying reasonabis rause for tfle iaspeaion.
<br /> - •``"'`==' ' ` .. .� I0.Carnd�oa.The mc�ds af -'-
<br /> P any award or ctsim for damages.di�x or consequendal.in connection wit�afly
<br /> '� � ``'` +I � oondem�uion or o�her taldng of any part of the Property.or for oomreyance in lieu of condemnation,are hereby assigaed and
<br />��:�,° .,';,' � . shaU be paid to Ixnder. , .
<br />��'�`�"�...F.-.�-�-��`- • �In Uf�even�of a toial faIdng o�the Froperty,-ihe praceeds shall be applied[o tT�e s�ms secured Iry Uris�ec,urify Instii�ie,�if; - -- -
<br /> "' ', ���"� :: whether ar nnt then due, with any eacgss paid to Borrawer.In t6e event of a partiat taidng of the Properiy in whieh�the fair '
<br /> . -: , � '�� '•' • market value of the'Properry immediate{y before the taking is egual to or greater thazt the amount of the sams secured by this ='
<br /> ` °..; Sea�rity Insaument�ed:amly before the taldng,uriless Borrower attd t.ender otherwise agree in writing,the s�s�bry --`
<br /> :, , :,,
<br /> - , this Suuriry Instiument shall 6e reduced by the amnimt of the praceeds multiplied by the foltawiug fraction. (a)th°dotal� �:`.;
<br /> � ' amount af the sums secored immediately before the taldng,divided by(b)the fnir m�rket value of ti�se Pmgerty,immediately. ' _,:-
<br /> before tlne ta�ng. Any batance shall be paid to Borrower. 1n the event oF a partial ratdng of the Propeaty in which the fair =�
<br /> ,.'.''..�� � ` ' , market value of the Ptnperty.immediateip b�fore the tatdng is less than the amaant of the sums secared iR±*n�a.arPly 6efore tf� • �_'-�
<br /> ,•ti.,�.: . �;
<br /> •,. �. taki�g.unless Forrower and Lender otherwise agee in writing or uniess applicable taw otherwsse provides.the proceeds st�. • --
<br /> ''��'�- '`' be apptied to the�ums seca�d by this Saurity Inswment whether or not the sums are then due. - , ���'
<br /> �:,. ' . .
<br /> � � ` " If the P�+nperty is atrandoned by Bor�wer,or if,after notice by Leacder to Borro�ver.that the cor�eQmo�offers�to malce aa '
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<br /> �-.- ��-= �� award or settle a claim for darnages. Borrower faits to respond to I.ender witivn 30 days after ttie date the notice is give,r�, �
<br /> .� . r. :- -- ... Lenaec is adtliori�Q to colIec[and apPiy ihe proceeds,at ii.5 opfion,eidser to�iestorauon oi repalr o�tTie Tjcoperty or fo t7ie si�; . . � �,
<br /> _�;_:.._.�._._: seassee by t�us Secutity Insavmcnt,whether ar nat then dae. � �_-
<br />_� .� _•-���"' Unless Lettder and Borrower otherarise agree in writing, any application of praoee�s to principnl shall eflt extend or ' =y:
<br /> p o s t p one the due date of the mon t W y pa y ments refetred w in p a r a g r a phs 1 and 2 or c�an ge the amount of such p a y e R,,�ts. �"-_
<br /> - --- �"�' , � , . �
<br /> . . __ 11.Borsuwer_Not Iteieas�;.Fosbearance-By I.�der Not a VYaiver.Exten.�m of the tirne for paymeat or�modification -- -. - =_
<br /> . . ,. :.°k�; .� ' o f a m o r t i�a ti o n tl f t h e s u m s s e c u r e d b y t l ri s S e c a ri ty I n s a u m e n t g c a n t��y L e n d e r€�o a n y s a c ce s s o r i n i n t e i e s t o f B o r ro w e r s�►a I 1... .
<br /> -�-;`._-_--=° ; not op°.,rate to relea5e the liabiliry of the originai Barmwer or Borm:�'s suc�s.in interest.I.ender shall not f��qui�d:a �--
<br />���'�, '� ��' ., � oommence moeedin '--
<br /> ,•• ' p gs a g a i n s t any successar in interest or refuse ta e�d time fa��ayment or otheiwise modi f y amnrti�i,an
<br /> '�:� .T`:��' ' .•�: ';�-,'{., � of the sums securad by t�his Sea�rity lnstrument by reason of an}r demand�m�d�.by the original Eortocver or Eorrowet's --
<br />� �: ! z ss�wnessors in interest.Arey Cirt�earance by L.ender in exercisir�any right or re�ecey shall not be a�vaiver of or preclnde the
<br /> ° ' , ., exercise of any rigtit or remedy. �-
<br />- .� .� '-;�.,;�: 12. Sa��rs and Assi Bonn�d-lloint antl Several Liab� The wvcwzcts and a ts of ttsis;.
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<br /> ',`' �I`���' �..'. wc.�' Security.Inst�.,int shaII i�ind and benefit't1�e surcessors and assigas of L.ender and Borrower. subjeux to'the.pzavisions o�
<br /> . '�;"�, ..,.-= h 1'i. Bor�awei's covenant5 and a m ] Y 9�' �tY -
<br /> �'''�s::'s7^�,- �.:,�:,.. Paiagr� gree ents shall be.'aint and several. �i Eomrwer who c.o-si• This�
<br /> s • �"."�'••..;. Insmynent but does not execute th,�Note: (a)is sasigning this Security Instnunent ority to mortgage,gtant aru!ooaveq that • —
<br /> ` '�,� �, perty under the tetms of this Security Iastr�ment;(b)is not personalty obligated to pay the sums
<br />-�',,*„��:;;.1� �,� �.•.. Eorrower's interest in the Pro
<br /> ,� ..;...�r.x�i.
<br />��',`._ `",. � �,�?!' � secured by tbis S�curiry InsUUment and(c)agrees that Lender aad any other Borrower maY agtee to extend,m�dify.forbear or
<br /> �_-��'','��:,,.�.��'°' make any accomr[iodations with regard to the tem�s of this Security Insuument or the Note without that Bosrower's coasen� �
<br />'�,�"_�..;;�r:r.r�.�i �
<br /> R �•s:` ";•7 = la.Loan es.k�.e!oan secured h
<br />- �:��;�:_,,..;,,,� .�'' Chaig y this Security Instrument is sabject w a law which sets maximum[oan chatges,
<br /> -°._t._.._..�. aad that taw is finally in•,��ed so that the intemst or other loan charges collecied or to be caltected in cormeetion with the
<br />�, ,��' toan exceed the pertnitted ti;nits,ihen: (a)any such toan charge shall be reduced by the amount necessary w reduce the charge
<br />-. :;,:,`.�� ' w the gemutted limit;and(b)any sums already collected from Borrc�rer.whieh exceeded pemiitted timits wi}I be refunde�oa
<br />�� r?"`• '. Borrower. Lender may cho�se to make this refuad by reducing [icr�rincipal owed under the Note or by making a dir�C..
<br /> '"f���6�� payment to Borrawer. If a refund reduces principal. itte reducaia� will h$ treated av a partial pmpaymeat without aay
<br /> ..:�; , gtr�ayment charge under the Note. ' . . �
<br /> r�•,�r�'n • J •; lA.Notlecs.Any notice to Borrower provided for in ttus Secur��nstsument shall be gtven by delivering ii or by maili5t,g,- '
<br />_ �`'i�,p it by first cl�'�ail unless applicable law,requites use of another m�d.The notice shail ae d'irected to the Pmpe�ty Addn�,..,
<br />' :� 'r:l ...1,
<br /> •� �,:�r- � or any rnher�ss�Borrower designates by nodce to Lender. A�}+ notIce to Lender shall be given 6y first class mai4.tn� ''
<br />'�� .�� ��'�`�N� I.ender's addn�''stated herein or any other address Lender designates by notice to Borrower.Any notice pmvided for in this _
<br /> ,,�, ...�., ..,._. . .
<br />-��"t�'y�..�.�'�`_,t,,,;�`'. Security Instrument shall l�deemed Eo have been given to Borrowet or Lender whea given as provided in this paragtaph. _____
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<br /> ^�.,,1,.J4_;L,,�.. ' . IS.Governin� Emw; Severabillty. This Security Instn�rnent, shall be govemed by federal taw and the �aw oftP�e �
<br /> ,� ,- :� . jurisdlction in which thb.Property u locazed. In the event that any provision or clause of this Sewrity Instnunent or the ivute•.
<br /> �t� "� � . �'� oonflicts with�pplicable law.such conflirt shail not affect other provcl4ns of this Security Insuument or the Note cvhich cat►tte �
<br /> :',�-.�. _ -
<br /> t�..T:: '.: ':, ;� , given effect wizhoui the conflicdng provision.To this end the provisions of this Securiry lnsuument and the Note are declazeG —
<br /> :',;�,-..,�:" �:,: tobeseverable. � ' -4-
<br /> - ;'���'' , �..': • 16.Borrower's Copy.Horrower shall be given one a�fonned copy of the Note and of this Sewrity Instra�em. -;.'
<br /> ��'��. • ' • �_:
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<br />_'� . ::�.. Form 3028 s.'9a. �.;,,
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