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<br /> p�ymcnu moy no lony�er bo ra�uired,�u the opcion of[.ender,if mortgege insurance coverage(in Ihe amaunt wu!for the perlad
<br /> that l.ander roquirex)provided by on inw�rer approved by�.ender again becomes aveilable and is obtofned.Bortower shall pay
<br /> - -__ - - the premiums requfred to maintain mongage in�ur�un:�f�t effe�:t.u� tc�provide a loss rescrve,until the requircment for mortgage
<br /> __.� itwurance cnds in accordenco with any written agrament between Boerowe.and l..ender or spplicable law.
<br /> � 9,In�pectlon. L.ender or its agent may make reasonable entries upon and inspections c►f the Property. l.ender shall give
<br /> '- Borrowcr natice bt the Nmo of ar prior to ar�inspection apecifying reasonable cause fot the inspectlon.
<br /> ��� 10.Condemw►tioa. The proceods of any award or claim for damages, direct or consequential, in connection with uny
<br /> ,•�;� condemnation ar�ther takin�uf any part of the Property, or far corneyance in lieu of condemr�ation,are hereby �csiQnod end
<br /> siwll be paid to I.ender.
<br /> [n the event of a towl wking of the Property,the praceeda shall be applied�o the suma secured by thiA 5ecurity Instrument.
<br /> - whc�her or not then due, wi�h any excess paid to Borrower. In the event of a partial taking of�he Property in which thc fair
<br /> ---_- market value af the Property immaliately before the wking is equal to or greatcr then the amount of the sums secured by this
<br /> _ ._____ _ _-a��..,,__� _�s. Secudty Inatrument immecfiately before the taking,unless Borrower and Lender otherwise agree in wrlting,lhe sums secured by
<br /> "" --- this Secu�ity Instrument ahull be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total
<br /> ----- amount of the suma securod inunediately before the taking.divided by (b)the fair market velue of the Ptoperty imme0intely
<br /> __?�'�.� beforc 1hc talcing. Any balnnce shall be paid to Harrower. In the event af a partiel takin� af �he Propeny in which thc fa�r
<br /> market value of the Propeny immediately before the taking ia leys than the amount of the sums securod immediately before the
<br /> talcing. unlesa Borrower and I.ender otherwise agrec in writing or unlesa applicable Isw otherwlse provides,thc praceeda shall
<br /> �°� be Applied to thc sums�ecured by this Security Instniment whether or not the sums are then due.
<br /> _��.�1���, ,� If the Property is ubandoned by Boaawer, or if,after notice by I.ender tn Hnrrower that the condemnor offera to make on
<br /> =.;�``"`-��,�,� award or settle a claim for dAmeges, Borrower fails to resporxl to tender within 30 days after the date the notice is given,
<br />_ , y���'�-'�'?�?s-a~� l.cnder ia authorixed ta coliect and npply the proceeds,at its opdon.either to restoration or repair of tt�e Property or to tt�e sums
<br /> �`S��o-��•�+ secured by this Secudry Instrument.whether or not then due.
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<br /> Unless I.eRder and Borrawer otherwise agree in writing, any application of pracecds to principal shall nat eatend or
<br /> ,�::�.;,.•*,• . �• postpone the due dute of the monthly payments referred to in paragraphs 1 end 2 or change the urnount of such payments.
<br /> �- 11.Borrower Not Released; Forbearance By I.ender Not a Welver.Eatension of the tirne for payment or modification
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<br /> -;,,,��y,;.;yr,,,;;;^. ,�, of amortization of the suma r�xured by this Gcurity Instrument grented by Ixnder to eny successor in inteMst uf Borrower shall
<br /> -"'��� • '� ' • not operate to release the liabiliry of the arfginal Borrower or Borrower's successors in interest. Lender sh�ll not be required to
<br /> � ��'��'�""�°'''� commence proceedings ugainst any successor in interest or refuse to extend time for payment or aherwise modify amorti�stion
<br /> —'- •k''a'����'�.�'�� •' .' of the sums aecured by this Security inrtrument by reason of any demand made by the original Borrower or Borrower's
<br /> _"��- -- succes� !n int�r!�t. Any fortwa�nc�e by Ix�xier in exercising any right or remedy shall not be a waiver of or preclude 1ho
<br /> :-�_:.,:�%=,.T ' " : excrcise of any right ar remedy.
<br /> . " 12. Successara And AssiQns Bound; Joint and Seveml LiabiBty; Co-signers. The covenants sind agreements oP this
<br /> �'•'� .'.,,. ,.' .;. '� Secu�ry Instniment shall bind and benefit the successors and assigns of I.ender and &►rrower,subject �o the provisions of
<br /> -`�`�nc.: t;;.: paragraph 17. Borrower'x covenunts und agreements shall be joint and severul. Any Bonvwer who ca-signs this Security
<br /> �-� �:p� '1G°''''`''" ' Instniment but docs not cxccute the Nac: (u) is co-signing this Security Instrument only to mongage, grant And convey that
<br /> �7�'-��;;�,• ••1. f Borrower's interest in the Propeny under the terms of this Security Instrument;(b)is not persanally obligated to pay the sums
<br /> �'s� ". � • xecured by this Security Instrument;und Ic)s�rees that Lender und any nther Borrower muy ugree�o extend,madify,forhear or
<br />-_ ����Y, ��� make nny uccommodations with regurd to the termx of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.I.oan Chwrges. If the loan secured by this S�:eurity Instrument is subJect to a law which sets maximum loan charges,
<br />- r�-� �'^ ,;'"«"-."`T" ' and that law is finally interpreted so that thc int¢rrst ui uth�r luau uhuige,cuUccR�l ur tu l�wllecleJ io w�mecliun wilh lhe
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<br /> F '� :areisn,. ;,, .�t loan exceed the permitted limits,then: (a)uny tiuch loun churge,I�ul l be reduced by the umount nece.�ssary to reduce the charge
<br /> �,�; " ;�'+�- to the permitted limit;and(b) any sums alreudy collected from Borrower which exccedcd permittcJ limits will be rcfunded to
<br /> ' " ��?!'`ti?-'•. � Borrower. Lendcr muy choose to nwke this refund by rcducing thc principvl awcd under thc Note or by muking u direct
<br /> ��,`,;� '"`°"'"���fi�� ' payment to Borrowcr. If a refund reduccs principul, the redurtion will be treuted ae a partisl prepayment without eny
<br />��' � �Q ' ��'`-�'° prepayment charge under the Note.
<br /> °�-; ^�.���p•;�x'��• 14.Notices.Any nrnice to&irrower provided for in this Security Instrument shall he given by delivering it ar by mailing
<br />;x°h. :° ° it by frst class mnil unless upplicnblc luw reyuires use�if u�xnher method.Thc noticc shull be directcd ta the Property Address
<br /> ` ' � � or any other address Borrower designulex by notice tu I.ender. Any nutice w Lender tihull be given by tirst clatis muil to
<br />-�,�. :,:��';� • Lcnder's uddress stated herein or uny othcr uJJress I.r.nder detiignatcs by notirc to Born►wer. Any nntice provided for in this
<br /> _"=� ^ ''"� a-'`', " Security Instrument xhull t►e decmed�o huve bcen givcn tn Horci�wer�ir I.cnJcr whcn given:i.ti prc�vided in this psvngraph.
<br /> � ��• ' • 15.Governing I.aw; Severabllity. This Sccurity Imtrununt �hull bc govcmc�l by fcderul law und the law of the
<br /> '�`"' ' " jurisdiction in which the Property is lacatcai. In thr rvent that any pr�wisian cr cluusc of this Securiry Instrument or the Note
<br /> ' '�' � �. ' conflirts with upplicuble luw,such ronflict tihrll n�it•rffcct uthcr pr�rvi+ium of this Sccurity instrument or the Note which can be
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<br /> � - , given effect wi�hcwt the conFlicting pmvicion. To thix cnJ the pravi�iims ol thi,Scwrity Instrument und the Nate ure declared
<br /> ' - \ �. to be scvcrablc.
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<br /> _ :�'. :. 16.Borrower's Copy.Borrowcr shall bc gi��cn onc cunlirrnuJ cupy uf thc Nutc•r�xl uf this S�urity Instrument.
<br /> � 4 � Form 3028 8180
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