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<br /> • paymcnts mny no tongcr bc req�irod,ut tlio opdon of L.endcr,if mortgngc insueancc covcrago(ln tho cunount ond for tho period
<br /> •.,.�• t�at l.ender requires)providcd by o� iusurer upp�ove�i by Lender again becames avnilable and is obtained.Borro�ver shall pay�he
<br /> , . � . ;a prcmiums rcquircd to maintn(n mortgege insurancc in effect,or to provlde a loss rescrvo, undl thc rcquiremcnt for mortgagc
<br /> ,:., �. insurance cmds in accor�anco with ony wrluen ngreemcnt betwcen Borrowcr and Lender or Applicable law. E.
<br /> ,;;.�,� ;,# � 9.Inapection. Lcnder or its egcnt may make rcasonable entrfes upon and inspxdons of thc Property.Lcndcr shtill gtvo ":
<br /> Borrowee nodce at the dm�of or priar to an in.�pection spccifying reasonable cause for tho inspecdon. �
<br /> , ' ' `�i 10.Condemnwtbn. 'me procecd.v of eny award or cleim for damages,dfrect or cansequential,In wnnccdon witb any C�_
<br /> _,.M�� condemnadon or other taking of eny plrt of the Prc��erty,or for convcyance in Acu of condemnation,are hereby assigned and r
<br /> ;,'��i•: .�--}'� shall be paid to I.ender. �.
<br /> In the event of a totai tekEng of the Propeny,the proccede shall be applicd to the sume secured by this Security Insuument, �'`'
<br /> x��� whethec or not then due,with nny excrss puid w Borrower.In th�event of a partial taking of the Property in which the feir market �`
<br /> '°��' value of the Propecty immediately befare the ta�cing is equal to or greater than tha amount of the sums secured by thia Securlty �::
<br /> � Instrument immediatcly before thc taking, unless Borrower and Lendcr otherwise sgrce�n writing, the sums securcd by this =
<br /> :�. Securiry Instruiment sha116e reduced by the amaun4 of the proceeds muldplied by the following fractbt�a:(a)the total amount of _
<br /> . . . tl:e sslrns secwcd 'unmediatcly bcfore the taldng,divided by (b) tbe fair market value of the Progerty imsnediately befor�e the --
<br /> � ° tating.An���alance shuU ba paid w�orrawer.In the event of a parda!takang of the Property i��vhich Sh�fair market vul�e of the _
<br />:�,,:;;;'�.. ;.,,,; � Praperty immediately befare the taking is lrss than tha amount of the ssuna sccured immedinuJy bzfane the taking, unless _
<br /> �•y��`��' Bonower and Lender otherwise agree in wridng or unless appllcable law otherwise provides,thc proceeds shall be applied to thc
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<br /> -,�, ��� sums secured by thi.e Secu_-iry Ieesmu�ent clhether or not the sums sue then due. _
<br /> ;';�.�:.,,,.�:�. ,, If the Pc�perty is abandoned by Boaower. or if,after nodce by I.ender w Borrower that thc condcmnor offers to maice an
<br /> - • •_ award or seule a clnim for damngcs, Borrowcr fa31s w respond to Lcnder wIthin 30 days efter thc date tho nodca is givan,Lcndcr
<br /> is authorL�+.ed to collect and epply�he proceeds,at its opdon.either w reswration or repair of tho Property or to tho sume r,ecured
<br /> � '�''���`" by this Security Instrument,whcthu or not thcn du�.
<br /> � � Unicss Lcndcr end Borrower ahcnvisc egrcc in wridng,any applicatiQn af procecdy tn pHncipal shall not cxtcs�d or pnstponc
<br />-��`��`�`��`•� tho duo dau of tho monthly paymcnts rcfcrrcd to in paragrapha 1 and 2 or chango thc emount of such peymcnt�.
<br /> ' .;�r�;°" 11.Borrower Not Rtkued;ForbearAnre By Lender Not o Waive�. 8x�cneic►n of tho dmo for paymcnt or mcxliCwpUon
<br /> � � of wnord•rANon of tho sums scGUred by this Socurloy Instrumcnt geantcd by L,cndcr to any eucccssor in lntcrest of Borrowcr shnil
<br /> =:�'�� �., not operate to rcicasa thc 11abUicy of thc odginal IIomawcr nr Bortawcr'a succc.4sorn In intcrest.Lcndcr shall nat 6o requircd to
<br />-��-? -�,r commence proceedinga egainst any successor in interest or refuso eo axtcnd dmo for puyment ar otherwiso modity amaniz�tion of -
<br /> - ' ,�' !t'�'9l�il1.4 rrr�rerl�iy�F�Jg Crr�ity IneL�!t!s�i!!!+y!Y'?�!!4f nRY�Irmanrl madn�Y thr_.tuf�inal Rnnnwr.r�+r Rnrmwe!r'a aucccstnrp :
<br /> a ,`';,� in Interes�Any forbearence by Lendcr in cxercising any dght or rcmed,y shell not bc a waiver of or preclude tha exercise of a�ty
<br /> '���:�-,�'�`t- rfght or remedy.
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<br /> .��;���h • 12.3ucce.gsore and Aasldns Bound;Jotet and Severai i.lability;Casigners. 'Itie covenants and agreemente of this
<br /> -""``�' Sectuiry Instrument shall bind and banefit the succcssors end assiBns of I,ender end Bcrrower. subjxt to tha provislons of
<br />-__�'�'-� parsgraph 17. Rorrower's covensnt9 and agrcements shall be joint and several. Any Borrower who co-signs thia Securiry
<br /> --,�.,...�__s.�i Instrument but does not exxute th� Note: (e) is co-s3gning this Security Insuument only w mortgage,graut and convoy that
<br /> =-�-..��r,.a�� Bonower's Interest In the Propeny under the tcrms of thi,Security Insuument;(b)is not personally obligated to pay tho sums
<br /> -:.;awsa.=��� secured by this Security Instruracnt; and(c)agrees that L.ender and any aihar Borrower may agree to extend,modify.forbear or
<br /> --"""''�°�1°'� ma�e any accommaiauons with regard to the terms of this Security Inswment or the Note without that Borrovver's concen�
<br /> �--_-��'"�,� 13.Loan C6prges. If uic loen setured by this Security Insuument is subject to a law which sets maximum(oan charges,
<br /> �=�--- and that l�w is fu►ally Inte�apreted ao d�at the interest or other loan charges collectcd or to be collccted in connoction wlth tl�c loan
<br /> �__�-� exceod the pesmitted limits,then:(�) eny such loan chacge shall bc rcduced by the amount rtecessary to reduca tho chargo to tha
<br /> _�__.�_�_� pe�mitted Umit;and�)any sums already collected�'iom Borruwer whlch exceeded pemdtGed limits will be refunded to Borrower.
<br /> ___ _�= I,erider�rnay choose to rnake ihis refund by reducing O�e princip�l owed under the Noto or by making u direct pnyment to
<br /> 19otrawer. [f�refund reduces principal, tha reduction wiU Ue ueated as a parttel prepayment wIthoiat any prepayment chargo
<br /> ��- under the Nou.
<br /> �_. — � 14.Nottces. Any noticc to Borrowcr providzcl for in this Sccurity Insuument shall bo givcn by deliv.�rang it cr by mailing it _
<br /> - by first class mail unless applfcable law requires use nf enother methad.'Ilie rtodce shall bo�3recuxl to the�rope�ty Address or
<br /> __.��-�,�F� any other address Borrower designntos by nodce to T..ender. Any nodce to Lender shall be given�by first class mail w Lei►der's
<br /> --- address stated he�tin or any othcr address Lendc�designates by no6ce to Borrowcr.Any nodce provided for in thie SecurIC�
<br /> ��;;;�', Instrument shall be dcxmed w have boea gnven to Borrowcr or Lender when givcn as pravided in th�s parag�aph.
<br /> -==�m=_� 15.Govcrning Law;Severa6�ity. 'Iris Secutity Instrumcnt shall be governed by federal law and tho law of tt►e
<br /> -'°--'� jurisd�icbun in which tha Property is located.In the event that any provision or clause of this Security Inswment or tho Noto
<br /> -- '��"`�" conflicts wlth appllcabla law,such conflict shall not effect other provisions of this Socurity Instnunent ot the Note whlch can be �
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<br /> -_���� given effect wiihout the conflicting provislan.To this end the provlsions of this Security Inslrumcnt and the Note arc declared to _
<br /> �;;r -j;, 6e severablc.
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<br /> ��''""��'�=, Form 902! 9l80
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