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<br /> pnyments mny na lungcr bc��cquircd,at thc o�nicm of'L.cndcr, if mu►tgagc insur.incc cuv��i��(in thc nmowu nn' �Ii•thc pr,�no� ��
<br /> tl�zt Lendcr requires)providcd by nn insui�cr nppravee!by Lsfidcr aguin bccomes nvailnblc und is obtaincd. Bureawcr shall �
<br /> thc prcmiums requircd ta maimaln mortgnge insurunce in cffcct,or to providc n loss reserve,until tt�e requirement for mort�oge
<br /> 3nsurancc cnds in nccordancc with nny writtcn ngrecmcnt bctwcei�Corrow�r and L.e�7der or applicable Inw• :_-_
<br /> g, I��sp.;�t�on. L,ender ar its agent mny nuike rc<<onable enh•ics upun nnd inspectinns nf the Praperty. L.ender shnll give
<br /> i3orrower notic�nt the time of ur prior to nn inspecdott specifyin�rcasmiuble cause far tiie inspection.
<br /> .o �..„ao,„„.,����., Tl,�m•�r�dc�f any awu�d or cl�im for damages, dircct ur consequentiul. In wnnectl�n�riith any r
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<br /> condemnation or other tnking of any p;trt of the Properry, or for canveyance in lieu of cundemnutian, are hereby assigne�i n�►u
<br /> shnil be paid to Lcndcr.
<br /> Gi the cvent of n total tnkin$of the Proprtty,the procetds shaU 6e applied ta the sums secured by this Security Instrument,
<br /> wl�ethec ar not then duc, with nny exccss paid to Aorrow�r. In thc event of a pnrtial taking af the Property in which thc fnir
<br /> mnrkct value of die Property immediatcly.b�fore the taking is equ�l ta or greater thun thc mnount of the sums secured by this
<br /> 3ecurity Instrument immediately before tha taking,unlcss Bnrrower and L.ender otherwise ag��ee in writing, chc sums secured by
<br /> this Security Instru�nent shall be reduced by the amumd uf the pracccds multiplied by the following fraction: (a)the total
<br /> amuunt uf thc sums securcd immediately beforc the taking, divided by (b) thc ftur market value of the Propeny immediately
<br /> before the taking. Any balance shall be paid to Borrower. It� the event of a partinl taking of the Property in which the fair
<br /> murkct vnlue of thc Propeny immediately before the taking is less than tlie a�nount of the sums securccl immediateiy before tiie
<br /> taking, unless Borrowcr and I.,endcr otherwise agree in writing or unless upplicable law otherwise provides, the procceds shall
<br /> (��patied to thc sums sccureci by tl�is St�curity inssrnmcnt whether or no[the sums nre�hen due.
<br /> If the Praperty is abundoned by Borrower,or if, aftcr�aotice by i.ender to Borrower that the condems►or offers to make un
<br /> awnrd or settle a clsim for slamnges, Borrower fails to respond to Lender within 30 days after the dnte the notice is given,
<br /> I.endcr is authorized to caflect und npply the procecds,at its option,either to restoration or repair of the Property or to the sums
<br /> sccured by this Security Instrument,whether or not then due.
<br /> Ut�less Lender and Borrowcr othenvise agree in writln�, auy application of proceeds to prIncipal sha{! not cxtend or
<br /> postponc the due date of the monthly payments referred to in paraAmphs 1 and 2 ur change the umount af such payments.
<br /> lt.�rrower Not Relesised;F'ori�earance Ay I..ender Not n Waiver.Extensian of the time far payment or modification
<br /> of amonizatian of the sums secured by this Security Instrument sranted by L.ender to any successor in interest of Borrower shall
<br /> not operate to releuse tlie liability of the ori�inal Rorrawer or Borrower's successors in interest. I.ender shall not be required ta
<br /> commence proreedings against uny successor in interest or refuse to extend time for pAyment or otltecwise madify amortization
<br /> :,: i"c sumo �ss�:! h; !li;s �rnriry inctrument by rcasun of any demand made by the original Borrower or Borrowar's
<br /> successors i�i interest. Any fbrbearancc by Lender in cxercising uny right or Kcmedy shull not be a wniver ot or preciude che
<br /> eaercise of any risht or remedy.
<br /> 1Z. Successors and Assigns Bound; Jofnt and Severnl LlabiPlty; Co-signers. The covenants nnd agrecments of this
<br /> Security Instrument shall bind and bcuefit the successars and assigns of Lender and Borr�wer. subject to t4�e provisions of
<br /> pnrngraph 17. Borrower's covcnants u��d agreemcnts shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but daes not execute the Note: (u) is w-signing this Security Instrument only to mortgage,grant swd convey that
<br /> D3orrower's interest in thc Property under the terms of this Security Instrument: (b)is not personally obligatod to puy the suana
<br /> secured by this Security;ncrument;and(c)agrees that Lender:utd any other IIorrower may ugree to extend,modify,forbear or
<br /> malce any uccommodations with regard to the terms of this Security Instrument or the Note without that Bunower's consent.
<br /> 13.l.opn Charges.If the loan secured by this Security Instrument is subject to a law whicli sets maximum loan chargts,
<br /> and that luw is finally interpreted so that the interest or other loan chnrges collected or to be collected in cannection with th�
<br /> loan exceed the�ernutted limits,then: (a)eny such loan churge shall be reduced by the a�nount necessary to reduce tlie charge
<br /> tu the permittcd limit;�nd(b)any smns ulreudy collected from Bonower which exceeded permitted limits will be refunded to
<br /> Borrower. Lender mny choose to make this refund by rcctucing the principal owed under the Note or by making a direct
<br /> pnynxnt to Borrowcr. If a refund reduces principal, the recluction wiU be treated as a partial prepnym�nt w'ithout any
<br /> pr�payment charge under thc Note.
<br /> 14.Notices.Any nottce to Sorrowcr provided for in this Securiry Instniment shull bc given by deliveriuK ie ar by mailing
<br /> it by��rst ciass mait unictis ay,�,�t��tc la�:.�u:res u��of°.no�her merhnri. The notice shnll i�c dircctcd to the Propr.rty Address
<br /> nr any otlier address Borrower designates by notice ta Lender. Auy notice to Lender shall be given by ficst class mail to
<br /> L.cnder's�ddress stated hcrcin or any other address Lender destgnates by notice to Bonower. Any notice provided for in this
<br /> Security Instrument shall be deemed to have been given to Borrower or L.ender wlien given us providcd in this psragi�apli.
<br /> 1�.Gover��fng Law; SeverabUtty. This Sccurity Instrumcnt shall be gavcmcxl by fcderai taw und the luw of thc
<br /> jurisdiction in which thc Property is located. in thc event that any provision or clause of thts Sccu►tity Instrumcnt or the Note
<br /> conflicu with upplicable law,such cmiflict shall not affect other provtsions of this Security Instrument or the Note which can bc
<br /> given effect without the confilicting provision. To this encl the provislons of this Security Tnstrument and the Note are declared
<br /> to bc scvcrablc.
<br /> 16.13orrawer's Copy.Borrower shall be given one confoiYncd copy ot the Notc und of this Security instrument.
<br /> Form 3028 9180
<br /> Poqo 4 0�0
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