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<br /> paymcnLs may no longer ir requlred,nt the opdon of I..ender,if mortgage insurancc covcrnge(in the umounc and for the pedod
<br /> that Lcnder requires)provided by un Insurer approved by Lender t�qnin be.comes available und is obtained.Borrowa shall pay thc
<br /> premiums rcquired co mnintain mortQa�e insuraRCC in cffect,or to pmvide n loss rescrve, until thc requircment for mortIIngc
<br /> insurartce ends in accordance with eny wriuen ggreement between Borrower and Lender or applt�able lnw.
<br /> 9.Ynspection. Lender or its agent mny make reasonable entries upon and inspections of the Property. Lendes shull give
<br /> Boaower nndce at tha time of or prior to en inspecaon spacifying ceason�able causo for the inspection. -
<br /> 10.CondemnaUon. The proceeds of any award or claim for damages, dicect or wnsequentiel, in conncction with smy
<br /> , condemnntion or other taking of any p.�rt of the Propetty, or for convcyance in lleu of condemnation,are hereby assignrd end _
<br /> shall bc paid w Lendcx. ,
<br /> Tn the event of a totnl taking of�fie k'roperty.the proceeds shall be applied to tho sums socured by this Securiry Instrument, I
<br /> •-�}� whether or not Ihen due.wi�.�any excess�aid to Borrower.In the event of u partitil tNcing of the Property in which Ihe feir market i
<br /> . ,"�i?f value of the Property immecliately befoTE tho taking is e9ual to a�l�eater then the amount of the sums secored by this Securiry
<br /> � Instrument immedtutety before thc taking, unless Borrowcr and Lender oil�crwisc agr�e in wriw�8.che sums secured by ttiis
<br /> ` 1'`�.'��`' Securiry Insuument shall be reduceu by the amount of the proceeds mulaplled by the following fracdon:(a)the wtal amount of
<br /> the sums secured immedietely Uefore ths talcing, divided by(b)the feir market v[�luo of thr.Property immedl�tely beforo ihe
<br /> � teking.My balance shaU be paid to Borrower.In tho event af a piutial takinB of the Property in whicb thc fair market value of tho ��� �'
<br /> ut
<br /> property tmmediutely beforc the taking is iess t1�en the amount of the sums secnrcci immcdiatcly bcforo tho taking, unlcss .��,,,,,,'�,!,.,:_
<br /> . Borrower and I.ender otherwise ngroo in wrlting or unless applicablo law othcrwisa providcs,tho pnxccds si�all bo opplied to thu . : Tt• ,
<br /> , sums secured by this Secudty Inatrumcnt whcthe�or not�he sums aru thcn due. t;�;�_�1_�+�-
<br /> ° � If tba Property ie abandonad by Borrower,or if, aftu nodce by Lendcr to Dorrower that tho c,ondemnur otfers to meko an }:�:_
<br /> . award or settle a claim for dumAgcs,Horrawer fails to respond to Lender withfn 30 dayx eftcr iho dato tho noUco is givcn.Lcnder
<br /> is authorized to coUxt and apply the pmcce.ds,at it�optlon,eithet to restora6on nr re�ir of t�o F��►pc ty or W •he sums stc►�re+f . -W� __-�-
<br /> by this Security Insaument,whether or not theri duo. � ��
<br /> � Unless I.ender end Borrower otherwise agroe in writing,any appUcadon of proceeds to princi�el shall not exund or postpoae -.::':�,i�LL
<br /> the due date of the monthly payn�ents ceferred w in parABcePhs 1 and 2 or change the amount of such payments. ;,���
<br /> � � 11.Borrower Not Relensed;Forbearance By Lender Not a Waiver. Eatension af the ume for payment or modificatlon =�-�-_„
<br /> of emo�on of the sums secured by this Securiry Instnui►enc Bcented by Lender to any ssccessor in interest af Sorrower shall .�,.,�. . .
<br /> not operute eo release thc liabUity of the original Borrower or Bocrower's successors in interesG Ler►der shall not be reqt�red�w ,�J�
<br /> , ��• commence proccxdings nBnir►st any successor in interest or refuse to extend dme for payment or otherwise madify a�nordzailon ---
<br /> ro din ir
<br /> ° �� " the sums secured by this Security Instrument by reason of eny demand mado by the odgLu�l Bocrower or Borrawer's successors �
<br /> , � e' in interest Any forbearance by Lender in eaercising any right or cemedy shell nai be a waiver of or preclude Rhe caercise of any
<br /> a � riRht or rem►edY• „ ,..Y. P„1Q � ,�;a t
<br /> � �---
<br /> 12.SuCCe8.4ors�d ABSlgn9 Bound;Joint�tua$eve�i i.isbui'sy;a.iu-a�uc�a. 'ina r,c-1:,��:i� .s2d so--.�---- - ; °
<br /> " � gecurtty Instrument shall bind and b�ne�it the succeSSOrs end ass�gns af Lei►dGr and Barrower, subJect to the provL�ions af
<br /> ` paragraph 17. Borrower's cove��ants and agreements shall be joint and several. Any Borrower who co-signs thls Security 1
<br /> • , Instiument but does not ra�ecute the Note: (a) is co-signing this Securlty Instrume�it only to mortgage,@rant end con�S�
<br /> Bonower's interest in 1he Property under the terms of this Security Instrument;�(b)is not personally obUgated w pay
<br />"- � secured by this Security Instrwncnt;a�tid(c)ag�ees that I.endcr and any other Borrower may egree to extend. analify,forbaar or ;i
<br />- mako any aocommodatlons with regard W the tenns of t�is Security Insmuncnt or the Nota without tWat Boaowr,r's consent
<br />-•� � 13.Loan Ciwrges. If tha loan secured by this Sxurity Instrument is subject to a law which sets maxirnum loan charges,
<br />- " nnd that law is finally interpreted so that the interest or other loan charges collecied or w be collocted in conrs�cuon with the loan
<br /> � ' `� exceed the pelmitud limits,thun:(a)any such loan criarge shell be rulucsd by the emount nocessary tn reduce Ihe charge to the
<br />' permitud Wnii;and(b)any sums already coUxted from Bonower which exceeded permitted Wnits will be refttnded W Bocmwer. �..a=
<br />_?�°``�.,.' ' ' Lender may choose to msilce this refund by rtducing the principal owed under the Note ar by making a d'uxt payment w
<br />-.}b.i�..l._..�'7!-'�:� I .
<br />= - �•»--:.�, ` Botrower. If a refund roducos principal,the reducdan will be treated as a P�P�Yment without any pnpaymanl chazge
<br /><�'!"�""„..,,;:' undcr thc Natc. . - ---- -
<br />_{�; �s � �:,:; 14.Notk�. Any notica w Borrowcr provided for in thLs Securiry Insuument ahall be given by delivering it or by mailing it _.
<br />'`i by Cust clags moll unless applicable law requires nsc of onother method.'Itie noUce sha11 be directul w the Property Adctnss or
<br /> ds.�,r��'^. ' any other address Borrower designates by nodce to Lender.Any notice oo Lender shall be given by first class mail to Lendet's
<br /> Y",.a�, , "� address stated herein or any other address L.endor designRtes by nodce W Borcower. Aay nadce provided for in this Sec�rity �----- -
<br />_�'..._ � Instrument shall ba dcemed to have becn given to Borsower or Lender when given as provlded ln this pac�agraph.
<br />-r�;� 4..:� 15.Governing Law;SeverabWty. 'I1�is Securiry Inswment shall be govemed by federal law and t�e law of the =
<br /> ����.+ juriadicaon in which the I�nperty i9 located. In the ovent that nny provision or clausa of this Security Instrumcnt or the Note _ __�.
<br /> s�+�w ��• .
<br /> _ *` contlicts with appllcablo law,such conflfct shall not affect other provisions of this Sec�uity Insirument or the Note which can be ���_
<br />:,-`,�+ur:u��;.:.....
<br /> ._.. „ given effect without the conflicting provision.To this end the pmvisions of this Security Inswment snd the Note are declared to ��^
<br />_ . be savcrable. ------- �._
<br /> Form 3028 9100
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