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<br /> payments muy no lon�er be requlred,at the optian af L.�nder,if matgege Insurance coverage(in the umaunt and for the periad
<br /> that I.ender requires)provided by an Inwrer appmved by l.�nder again becomes uvaflable und is abtaincd.Horrawer Fhall puy
<br /> the premiums required to maintuin mortgage insumnce in efi'ert, arto provide u Ioss rescrve,unti!the requfrerncnt fitt mottRoge _
<br /> insurnnce enda in accordance with uny wdttcn a�reement betwecn 9orra�ver and Lender or applicuble law.
<br /> 9. Inspectton. L.ender or its ugent may m�ke reasonuble e�xdes upon and inspections of the Prop�ny_ 4ender shull give
<br /> Borrower notice ut the time of or pdor toen inape,ctiaa specifyin�rensonable cuuse for the inspectian.
<br /> 1m. Coatdemnutloa. The pmceeds of any �tward or claim for dumages, direct or consequential, in connect�an with any �
<br /> condemnation or other caking of any part of the Property,ar tor conveyance in lieu of condemnatian, are hereby assi�ncd und
<br /> shall be paid to I.ender.
<br /> In the event of a wtal taking of the Property,the praceeds shall be ap�,'lted to the sums secured by this Security Instrument,
<br /> whether or not then due. wlth any exc.ess paid to Borrower.In the event of a partial takin�of the Property in which the f�ir
<br /> roazket value of the Property lmmediatcly before the taktng is equd to or greater than the amount of the snms secured by this
<br /> �ccudtyr Tnst:ument Irnuiediately before the taking,unless Borrower and 1�ender otherwfse a�ree in wdting,the sums secared by _
<br /> this 5ecurity Insuument shall be reduad by the amount of ttae proceeds muldplied by the foltowing fraction: (e> the totai
<br /> amount of the sums secured immediate�Y'before the taldng.divIdal by (b)the fair market value of the Property immediately
<br /> befon the taking. Any balence shall be paid to Horcower. In ihe event of a partial taking of the Property In which the fair
<br /> market value of the Property immediate�y before the wking is less tt�an the amount of the sums secured imrneNately bePore the
<br /> taking, unless�orrower and Lender otherwIse agree in wcitiag orunless applicable law otherwise pmvides, the praeeds shalt
<br /> be applied to the sums secured by this Secupity Instrumfnt whetheror aot the sums are then due.
<br /> If the Property is abandoned by Barower.or if.after nndce by Lender to Borrower that the condemnor offers to make an _
<br /> award or seute a claim for demages, Eorrower fails to respond to Lender wjthin 30 days after the date tIu notice is given,
<br /> Lender is authorized to callect and apply the procee�is,at its optian,either to restoratlon or repair of the Property or to the siuios
<br /> secured by this S�urity Insuument,whaher or not then due.
<br /> Unless Lender aad Borrower othe�wise agree in writiag.enY ePP>i�on of prnceeds to principal shdl not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Weiver.Exter�sion of the time for paymeat or modification
<br />� of amortimuon of the sums secured by this Serurlty Instrument Pmted by Lender to any successor in interest of Borrower shall
<br /> aot operate to release the liability of the original Borruwer or Bortower's successors in interest. Lender shapl not be required to
<br /> commence proceedings against any sucoessor in ir►terest or refuse to extend time for payment or otherwise rnodify amortization
<br /> of the sums secured by this Security Instnunent by reason of any demand made by the original Borrower or Borrower's
<br /> SuCCCSSOTS in inter�ai. eliiy fuib2s����y��'���i`—'�ginQ°-'�v right or remedy shall not be a waiver of or preclude the _
<br /> eaercise of uny right or remedy.
<br /> 12.5uocessors and Ass[ges Souna;Joint and Several Ua6Uity;Co-signers. The covenants and egreermats of this
<br /> Security Insuument shall bind and beaetlt the sur�essors artd assig.ns of Lender and Borrower, subject tu the provisions of
<br /> paiagraph 17. Borrower's covenants end agc�eements shall be joint end several. My Borrower who co—signs thfs Securiey
<br /> Insuunnent but does rtot execute tLe Note: (a) is co-signing this Security lnstrwnent only to mort�age,graat and canvey thst
<br /> Borrower's interest in the Property under the terms of this Security Iastrument;(i>)is nnt personally abligatea to pay the swns
<br /> secured by tlris Secwity'Instiument;and(c)agrees that Lender aid any other Borrower may agree w extend,modify,forbear or
<br /> make any accommodations witl�ceSard to the terms of this Securit�Instrument or the Note wiWout tuat Borrower's consent.
<br /> 13.Loan Charges.If the loan socured by thts Securiry Inmument is su6ject to a Iaw whlch sets maxi�mun loan charges, ;
<br /> and that Iaw is flnally interpreted so that the interest or other loan charges collected or w be collected in connection with the �
<br /> loan excced the permitted limita.then.(a)a�►y such loan cl�arge ahall be reduced by the amount necessary to reduce the charge
<br /> to the permitced limit;and(b)anY sums already oollectecl from Borrower which excxeded perniitted timits will be refunded to i
<br /> Bortower. Lender may choose to make thla refund bY redueing the principal owed under th$ Note or by making a direct
<br /> payment to Borrower. If a refiuid redaces princip�l� the reduction will be u+eated as a partial prepayment without any i
<br /> prepayment charge under the Note. �
<br /> 14.Not[ces.Any aotice to�orrower provIdeB for in ttus Saurity Instrument shal!be given by delivering it or by maili.ng �
<br /> it by first class mail uriless applicable law requires use of another�ethod.The notice shaU be directeci w tl�e Propeity Address
<br /> or&Zy other addmss Sorrower designates by notice to Leader.P►ny nodce to Lender shall be given by Grst class roail to .
<br /> L.ender's address stated herein or any other address Lender desi�nates by notice to Boaower. Any notice provided for tn this
<br /> Security instnuneat shail be deemed to have been glven to Bomower or L.ender when given as provided in ttais Paragapb• ;
<br /> 15.Governing Law; Scsverab�l(ty. This SecuritY I�atr�ment sh�il be governed by federal law and the la�v of the �
<br /> jurisdiction in wbich the Property ts lacated. In the event that any provision or clause of thIs Security Inst�wrtent or the Note �
<br /> contllcts with applicable law.snch oonflict shall not afFect other provisions of ttus Security Itistcument or the Note which can be i
<br /> given effect without the confltcting pmvislon. To this end the provisions of tlils Security Instrument and the Note a�+e declared �
<br /> ' to be severable. �
<br /> 16.Borro�ver's Copy.Borrower ahall be given one conforn�eci wpy of the Note and of this Security I�stniment. }
<br /> Form 3028 8180 �
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