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' <br /> _ -. .-_-_ ..__ . - ... .._ _- . �� - -"-_ — ' <br /> 9 5-- 10'79�9� _.. <br /> p�yments may no longer bs required,at the aption of L.endcr.if martgage insuruncc caverage(in the amount und far the period <br /> that Lender requires)provtded by an insurer appraved by Lender again becomes available and is obieined. Honawer sh�li puy <br /> th�premiums required to muintain martgege insurance in effect,or to provida a loss reserve,until ehe requirement for mortgage <br /> insurence enda in accordnnce with uny written aBreement between Borrower and L.ender or appllcuble law. ; <br /> 9.Iqspection. Lcnder or its agent may make masonabte enMes upon and iuspecttans of the Property. Lcmder shalt give ,�- <br /> Borrower natice at the time of or prior to an inspectian specifying reasonable cause for the jnspecdan. <br /> 10.Condemnallon. The proceeds of any award or claim for damages. direct or cansequential. in connection wlth anY _ <br /> condemnation or other taking of any parc of the PropertY,ar for conveyance in iteu of condemnation, are hereby assigned and <br /> shall be paid to I.ender. <br /> tn rhP event af a total tekints of the Property,the proce�ds shaU be applted to the sums secured by this Security Instcument. <br /> wt�cetltyr or not tden due. with anY excess patd to Horrower. In the event of a part�ai ta'tang ai ihe Prupraty ia K�►i�l::":•fair . <br /> ttP <br /> market value of the Property immediately before the taking is equsl to or greater than the amount of the sums secured by thts <br /> gecurity Instmment immediately before the tekiag,unless Borrower and Lender otherwise a�reE in wdting.the sums secured by <br /> this Securlty Instrucnent shall be reduced by the amount of the proc.eeds multiplied by the following fraction: (a) the total <br /> amount of the sums secured imrne�iately before the teking, divided by (b)the fair market value of the Property immadIateiy <br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taklnS af the Property in which the fait <br /> ma��ket velue of the Property isnmealately before the taking is less th�an the amount of the sums secured immetliately before the , <br /> talcing,unless Horrower and Lender otherwise agree in wrlting or unless applicable law otherwise provides. the proceeds�h�l1 <br /> b$applted to the sums secured by thls Secudty Instrnment whether or not the sums are then due. <br /> If the Property is aban�oned by Borrower,or if,after notbce by Lender to Borrower that the condemnor offers to make an <br /> awiud or settle a claim for damages. Borrower fails to respond to I.cnder within 30 days nfter the date the notice is given, <br /> Ixnd�r is author�zed w collect and apply the proceeds.at its option,either to restoration or repair of thE Propeccy or to the sums <br /> secured by this Se�urity Instrument.whether or not then due. �i���n of rocetds to principal shall not extend or <br /> Unless Lender aad Borrower otherwise agree in wrlting, sny app P <br /> pastpone thB due date of the monttily payments referm�i to in paragraphs 1 and 2 or cbange the amount of such payments. <br /> 11.Borrower'Not Released;Forbearance By Lender Noi a Waiver.Bxtension of the time fur�ayu�ent or modification <br /> of amonization of the sums secured by this 5ecurity Instrument granted by Lender to any successor in interest of Bonower shall <br /> �a������p��abitity of the o�isinal Bomower or Borrower's successors in iaterest. Lender shall not be required tb <br /> commence praceedinSs against any successor in interest or refuse to extend tjme for payment or otheiwise modiCy a�i�►vctizaiics� <br /> of the sutns secured by this Security Instnunent by reason of any demand made by the odginui Borrower or Borrower's <br /> successors in laterest. My fo�bearance by Lender in eaeretsins any d�ht or remedy shall nat be a waiver of or preclude the <br /> exercise af sury right or remedy. <br /> 12. Succes.sors and Asslgns Bout►d; Jotnt and Several Uabiltty;Co-sfgnere. The covenants and agreements of tius <br /> Security Instrument shall bind and benefit the successors and assi�ns of Lender and Borrower. subject to the pruvisions of <br /> para�raph 17. Borrower's covenants and agreements shall be joint end several. Any Borrower who co-signs this Seturity <br /> Insavment but does noi execute the Notc: (a)is co-signing tluis Security Instrument only to mortgage,grant and convey that � <br /> Borrower's intemst in the Property under the terms of this Security Iasm�ment;(b) is not persnnally obUgated to pay the sums <br /> secured by this SP,cudty lnstwnent;and(c)agrees that Lender and any other Borrower may agree w extend,modify.forbear or <br /> make any aceommodaduns�vlth regard to the terms of this Securlty Instruraent or the Note without that Borrower's cohsent. <br /> D3.Loan Charges•If the loan secured by this Security lnstrument is subject to a law which sets maximum loan charges. � <br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collected in ennnection with the <br /> loan exceed the permitted limits,then:(a)any such loan charge shall be roduced by the amount necessary to reduce the charge <br /> to the permitted Ilmit;and(b)any sums already collected from Borrower which exceaded pemutted limits will he refunded to ; <br /> Boreower. Lender muy choose to make this refwid by reducing the principal owed under the Note or by making a direct <br /> payment to Borro�ver. If a refiind reduces princlpal, che reduction wtll be treated as a partial prepayment without any <br /> prepayment charge under the Note. <br /> 14.Nottoes.My noHce to Borrower provided for in this 3ecurity Instrument shaU be given by deliveriag it or by mailing <br /> it by first class mail untess applicabie taw requires use of another method.The notice shall be directe�f co the ProPertY Address <br /> or any o¢t►er uddress Borrower designates by notice to Lender. Any nodce to Lender shaU be gtven by first class mail to <br /> Lender's addresa stated herein or any other eddress L.ender desig,nates by notice to Barrower. An3�aotice provided for in this <br /> Security Instivment shall be deemed to have been gtven to Borrower or I.ender when given as provided in this paragraph. <br /> IS.Gaverning Law; Severability. This Security Insuument shall be govemed by federal law and the law of the <br /> jurisdiction in which the Property is located.In th�eveat tUat any provisioa or clause of this Securiry Instrument or the Note <br /> ' conflicts with applicable law.such conflict shall not affect other pruvisions of this Sectutty Inst�mnent or the Note which can be <br /> given effect wlthout the conflicting provision.To tteis end the provisions of this Sec�rlty Instrument and the Note are declared <br /> to be severable. • <br /> " 16.Borrowe�s Cop3r.Borrower shall be givert one conformed mpy of the Note and uf this Security Insuument. <br /> — Farm 3028 9180 <br /> Pago 4 Of 8 <br /> - - �ar��+�^�-+--.r-_=�_-�-�--�--' <br /> — . .. . . . .. _""----r.- -._ '�"9"�iP11lR7 II ;y�'tifrP��`i t dr��r ���1✓"A�r <br /> . ._c-S[ �+�r "�6 � V���. <br /> 4 . .. - . . ° ' . •? f �:.�� ��� J ? i 1-'1��[ _ <br /> . �, n ,t u� � �.r,: x-t�" - <br /> .a=X._ ... . ,.. ., - . 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