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<br /> 9 5-�.0��9
<br /> paymenis may no longer be rcqulred.at the option of Lender,if mortguge lnsarance coveroge(in the umount und for the pertod
<br /> thut I.enaer requires)provided by nn insurer approved by Lender u�ain bernmes ovnflable und is obtuincd. Barrawer shidl pay
<br /> the premiums required to maintain cnortgage insurance in effect.or to provide n loss reserve,untii the reyuirement fi,r n�urt�age '
<br /> insurunce ends in nccordunce wtth uny wdtten agre�ment betwe�n Borrower and Lender ur applicuble laa.
<br /> 9. Inspedton.Lender or its ngent may make reasonnble entrie.r upon:tnd inspections of the Property. Lender shnll givc
<br /> Borrower nottce at tho time of or prtor to an inspecdon specifying repsonuble c.uuse for the inspectlon.
<br /> 10. Condemnntion. The proceecls of any ewurd or claim for damages. direct ar consequential,in cannection with nny
<br /> eondemQSiion or other tnkio��f any Qart af the Pmrrrry,�r for convey�ncc�ss l3cu of cand�mnadan,arc lsereby ass�gtted su� -
<br />, shall be puid to[.ender.
<br /> In the event of a total taldng of the Property,the proc�s shull be stpplIed to the sums secured by this Securlry Instrumeent. -
<br /> whether or rtot then due,with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> mazket value of the Property immediateiy before the taking!s equal to or grestter tt►an the anionnt of the sums secured by this
<br /> Securiry Insuunnent immediately before the teking,anless Borrower and I.cnder otherwise a�ree in wridng.the sums s�cured by
<br /> this Socurity Insuument shall be reduced by the amount of the proce�eds multiplied by the following frnction: (a) the total
<br /> amount of the sums secured immedIately before the taking.djvided by (b)the fa�r mnrket vsilue of the Property Immediately
<br /> before the talcipg. Any balanoe sh�ll be paid to Borrower. In the event of a panla!teking of the PropeKy in which the fair
<br /> mnrket vnlue of the Property immedjately before the taking is less than the amount of the sums secur+ed imtaediately before the
<br /> taking,unless Borrower and L.eader othenvjse agree in wridng or unless applirable Inw otherwise provides,the praceeds shall
<br /> ba applied to the sums secured by this Securiry Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Burrower.or if.aticr natice by Lender to Borrower that the oondemnor offers to malce an
<br /> award or settle a claim for damages. Borrower fails w respond to Lender wlthin 30 days after the date the natice is given,
<br /> Lertder is authorized to collect and apply the proceeds,at its optlon. either to r�toration or repair of the Property or to the swns
<br /> secured by thls Security Instrwnent,whether or not then due. °
<br /> Unless Lender and Bomower otherwtse agcee ia writing. any application of proceeds to principal shatl not extend or
<br /> postpone the due date of the monthly payments refecTed to in paragraphs 1 and 2 or change the amount of suctt payments.
<br /> � 11.Bornower No!Released;Forbearance BY Lender Noi a Wetver.Extension of tbe time for payment or madificatlon
<br /> � of amorti7adon of the sums securcd by Wis Security Instniment granted by Lender to any successor iR iaterest of Borrower shall
<br /> _ not operate to releaze the liability of the original Borrower or Boaower's suocessors in imemst. I.cnder shall not be required to
<br /> oommenoe proceedings against any successor in interest or refuse to extend tiat�for payment or otherwjse modify amort�atIon �
<br /> uf the sums secured by d�is Serurity Iasbvment by neason of any demand made by the origtnal Borrower or Borrower's
<br /> suarssors in interest. Any fo�fiearance by Lender in exencising any right or remedy shall not be a cvaiver of or preclude the
<br /> exercise of any rIght or remedy.
<br /> I2. Suoassors and Asslgas Boua�Joint and Several Lia6Uity; Caslgners. The covenants and sigreements of this
<br /> Security Insuument sh.all bind an3 benefit the successors and assigns of Lender and Horrower,subject w the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. My Borrower who co-sigas this Security
<br /> Iustnuneent but does not execute the Note: (a) is co-sigcdng this Secur�ty Instrument only w mortgage.g�ant and convey that
<br /> Borrower's iaterest in the Property under the terms of this Secudty Instrument;(b)ts not nersonally obligated to pay the sums
<br /> securod by this Sxurity instnunent;and(c)a�C+ees that Lender and any other Borrower may agn�e to eaWnd.modify.forbear or
<br /> make any a000mmodations with re�ard to the terms of this Security Instiument or the Note without that Borrower's oonsent. :
<br /> l�.Loan Charges.If the loan secured by thts Securiry Instrument is subject to a Iaw which sets maximum loan charges,
<br /> end that law is finally interpreted so that the interest or other Ioan charges ooll�or to be ooltected in conne�pion wlth the
<br /> laan exoaed the permitted limits,then: (a)avy such loan charge shall be reduced by the amount n�ssary to roduce the charge
<br /> W the permitted limit: snd(b)any sums already cotlected Crom Borrower which eaceeded permitted limits wlll be refunded to
<br /> Borrower. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct �
<br /> payinent to Bornower. If a refund raduoes principal. the raduction wlll be treated as a partial prepnymant without any �
<br /> prepayment charge under the Note. l
<br /> 14.Notioes.My notice w Borrower provided for in thts Security Instmm�ent shall be given by delivering it or by mailing ;
<br /> it by 6rst cfass mail unless applicable law requires use of another method.The noHce shal!be dlrected to the Property Address �
<br /> or any other ad.dmss Borrow•�r designates by nodce to Lender. Aay notice to Lender shal[ be given by first class mail W '
<br /> Lender's addras stated herefn or any other address L.ender designates by notice to Borrower. Any not�ce provided for in thts .
<br /> Seeurity in�:hsl!be deecned to have been given to Borrower or L.ender when given as provide:t�n this paragceph. ,
<br /> 15.Governing I.aw; Severa6ility. This Security Inswment sha(1 be govemed by federa! taw and the !aw vf the
<br /> jurisdiction in which the Praperty is located. Ia the event that any provision or clause of this Securiry Instrument or tbe Note
<br /> oonflicts with applicable law,such oonflict shall not affect other provisions of this Security Insmiment or the Note which can be
<br /> given effect without the rnnflicpng provislon. To this end the provisions of this Security Insuumer_t and the Note are declare� `
<br /> to be severable.
<br /> Ib.Borrower's Copy.Botrower shall be given one conformad copy of the Note und of this Sacurity Inswment.
<br /> Form 3028 9190 �
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<br /> Pago a of 6 �
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