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<br /> _p.�. puymenta may no lon�er be reyui�ed,at the opi ian af l.ender. if martguge insuronce covcrege(in the umount w�d for the pedod
<br /> _ -----—_- tlwt I.ender requires)provided by un insurcr approved by Lender ag�in becomes uvailablc and is obtained.Barrawer shall pay
<br /> the premiums requin�d to nwinlafn mortgage ins�uronce in effect,or to provlde a loss reserve,until tho requircmeM for mort�e
<br /> _ _ i�we end�in acwrdance wlth any written agrecment between Bc�rrower ond l.cncicr or upplicuble law. �
<br /> ��� —!__� 9.I�Pectlon. Lendcr ar ita agent may rn�kc rcasunable entries upon u�x1 Inxpcctiuns of thc Property. l.ender shall �ivc
<br /> _ �.—,,;�+li Bot�mwer nc►ifce et the time of or prior to an impectian specifyin�reasonable cau�e for Ihe inspection. !
<br /> ���,^ 10.Co�Wemtwtbn.The pracceds ot ru�y awArd or cl$im fbr duitwges. direct or cunsequential, in connection with any
<br /> �����,�,� w��lcnm,�tiun ar uther takin�af stny part af the Property,or for rnnveyance in lieu oi c�mdemnati�n, are hereby ascignod and u�.
<br /> - — ---- �twll be paid to l.ender.
<br /> -.� In the event of a total taking af the Properiy,lhe proceedx rhnll be applied la the sumx securod by thia Secu�ity Inatrurnent.
<br /> '� whether or not then due. with uny excess paid to Borrower. In the event of a partinl taking ot the Praperty in which the fair
<br /> �"—����'` market value of the Property immediately before�he taking is equ�l to or greuter than the amount of the sums secured by lhis
<br /> -°`°=`-v='���•, Se.curity Instrument immediately before the laking,unless Borrower and Lendcr otherwise agrce in writing,the sums secured by
<br /> •"':�'`.°l. this Securit Instrument shall be reduced b the amount of Ihe rceeedss multi lied b �he followin fraction: (a) the tatal
<br /> ��'��a:�l�a��_�.•., Y Y P P Y �
<br /> ti:;�{,�;�;-=.--;;- ntnount of the sums secured immediately before the tuking. divided by (b1 thc fuir mnrket vulue uf the Property imrntdialely �..
<br /> '?�);;'�� �,:, _ � before the wlting. Any bularue shnll be pad to Borrower. In the event of a purtic�l �aking of the Property in which the falr
<br /> ;;;r�"'•�'�_:.� . Y°i market value of the PropeAy immediately before the taking is less than the amount of the sums secured immediately before the
<br /> `�.,�- ,,. .. � . '' the roceeds shwll
<br /> •• �,j;ti�� y�.,�, , teking. unless Borrower and i.cnder utherwise agree in writing ar unless upplicable law othecwise provides, p
<br /> �:�,;�,�.`�,'�;:;.,.•`: . , be applied to the sums secured by this Secu�lty Inatrument whether or not ttie�;ums are then due.
<br /> '�Y��,t,_;t,y��:' If tlie Propeny is ubandoned by Borrower.or if.ufter notice by l.ender to Barrower tlwt the condemnor offers to make an
<br /> - *'�*'!^°�"�'"•""' ' award or setele a clsum for demages, Borrower Failx to respoixl tu I.eixirr within 30 days after the dpte the notice is given. -
<br />- °�"�%'�^-•� � Lender is auUwrized to collect and apply the proceecls,at its oplion,either ro rextoration or repair of the Propeny or to the sums ___
<br /> ' •�� r`�'`,�"�� � secured by this Security Instrument,whether or not then due. �---
<br /> �� —.._
<br /> ' Unless Lender and Borrower otherwise agrec in writing, smy application of proceeds lo principal shall not ex�end or —
<br /> .``�t`"`" '" ' � . pos�pone the due date of the manthly payments referred to in paragraphs I and 2 or chnnge the atnaunt of such payments. _
<br /> ° l l.Borrower Not Released;Forbes�rance By Lender Not p Waiver.Ex�ension of the time for payment or modification �
<br /> •...:�;i�:.�;�r of amortiwtion of the sums secured by this Security InstrumeM grnnted by Leruler to any successor in interest oi Borrower shall
<br /> •� .:.«.'�,c-s"; .. not opente to releaise the liability af the odginal Borrower ar Borrower's wccegsarn in interest. Lender shall not be required to
<br /> " commence proceedings against any successor in interest or refuse to extend tirne for payment or otherwise modify umonization �
<br /> 1: �•�.�e-��`•{,� of Ihe sums secured by this Security Instrument by reason of t►ny demand made by thc original BoROwer or Borrowcr's ;.
<br /> .. .,�y��.����E auccessors in interest. Any forbearance by Lender in ezercising�ny right or remedy shull not be a waiver of or preclude Ihe �
<br /> . --. ;- - _-- exercise of any right or remaiy. —
<br /> � �. •- . 12.Successo�and AsglQns Bound;Joiat and Several UabUity:Co-slgners. The covenants and agreements of this _
<br /> � � Security Instrumenc shall bind and benefit the succe�sor� und ussigns of I.ender and Borrower, subject to the provisions of �
<br /> paragraph 17. Borrower's covenunts and agreements shall 6e jaint and �everul. Any Borrower who co-signs this Security —
<br />,'. • �� Instrument but daes not execute the Note: (al is co-signing thi� Securiry Instrument only to mongage, grant and convey that —�--
<br /> Borrower's interest in the Propeny undcr Ihe terms af this Security Instrun�nt;(b) is not personally obligated to puy the sums __
<br /> securcd by this ScK:urity Instrument;unJ(c)agrecs thut Lcnder and any nther Borrower may ugrec to extend,modify,forbear or �_
<br /> make any accommalations wilh regard to the terms of this Security Instrument or tlx:Note without that Borrower's consent.
<br /> � l3.Loan Charges.If thc loan secured by this Security Instnunenc ix subjat to a law which sets maximum loan charges, ---�
<br /> � � ��. ' and thut law is tinally interpreted so that �he inlerest or other loun charges ccillccted ur ta be collected in connection with the
<br /> � : � ' loan exceed the perniitted limits, then: la)any .uch loun charge shull b�reduced by the amount necessary w reduce the churge
<br /> � � to the permittcd limit; and(b)uny sums ulready cullerted frum Barrower whic8 exr��led permiucd limits will be refunded to
<br /> � � Borrower. Lender muy choose to make thi. refund hy rcducing the priixipul awed under the Note or by making a direct �
<br /> ' _ payment to Borrower. If u refund rcduces principal. thc reductian will he treuted a� a partial prepayment without any
<br />• � �� prepayment cl�arge under the Note.
<br /> • .�, t4.Notices.Any notice to&�rrower providcd for in this Scrurity Insirument.hull be givcn by delivering it or by ms�iling
<br /> � � it by first class mail unless appliruble law reyuires u.e of•rrnither metlxxl.Thr nutirc,hall Ix Jirected to�he Propeny Address
<br /> � " o or uny other udJress Borrower de+ignutea hy noticc to Lendcr. Any na�icr tn l.rnder shall t►e given by firw class mail to __
<br /> " , •• , Lender's address stated herein or uny other addresti L.cnJcr dc.rignutes by notire to Borrower. Any noticc provided for in this _
<br /> � ` • Security Instrument shAll bc dM-mcd to huve been�tiven tii Borr�iwer ur lxndcr when givrn as pmvide�i in this parusraph.
<br /> � 15.Governing Law; 5evernblUty. Thi� Securiry instrumcnt tihull bc gnvcrneJ by i'edcrul luw and thc law of the �
<br /> jurisdiction in which the Pruperty i� I�xat��d. In ihe event thut any provision or cluux ot'this Security ln,trument or the Note __
<br /> confliets with npplicublc law,.uch wnllict�hull nnt lil'fcct oth�r pruvisi�m���f thi�Securiry In,trument or the Nate which ran he ��•
<br /> �° . given effect without the conilirting provitiion. "To Ihis etxl dtc provision+ ��f thi,Serurity Instnmxnt unJ�he Note are declured
<br /> to be severable.
<br /> „ " l6.Borrower's Copy. &rrrower+hull he uiven�mr cunliirnkw!c�►pY ul'thc Nutc anJ„I thi+Security In.trumem.
<br /> Form 3028 9190 I
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