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<br /> ` '. , � . payments may no longer be required.at the option of Lencler.if mortgage insurance coverage(in the amoum and for the periad '�r_��,,.,__. ,. ,,
<br /> � �
<br /> , that Leuder requires)provided by an insurer approved by L�ender again becomes available and is obtained. l3oTrower shall Pay , .
<br /> , �4�-�`'° , , �e Q�nms�quired to maintain mortgage insurance in effect.or to provide a loss reserve,until the requiremem for mortgage , .�; `.•
<br /> ~ • � '' insuiartce ends in accordauce witt�any written agreement benveen Borrower and Lender oa applicable iaw. '.:,.:`�` _
<br /> � ` ;t.,<:.�;. _ `
<br /> �"; . 9.Iaspedton. I.ender ar its egent may malce reasoaable entries upoa and inspections of the Property. Ixnder shall give °_ .
<br /> I.�`.t . ._.T''•: .._
<br /> �� Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. � � •
<br /> � � ,:.�� 10. Condemnatioa. 'I7�procceds of any award o:claim for damages.direct nr wnsequential. in cntu�ection with any `•• ",{,�° •.
<br /> - __ -- - condemnation or other tat�ng af arry patt of the P�ropetty.or for conveyance in lieu of condemnation.are he�eby assigned and ._ -_-
<br /> ` ��� shalt be paid to I.ender.
<br /> . .. In the event of a total talting of the Property.the proce�s st�all be applied to the sums secured by this Security Instnuneat. :� i
<br /> � ��, .. whether or not then due.witt►anY excess paid to Borrowec. in the event of a partial taking of ihe Property in which the fair � r ,�, ,.._. '_:
<br /> : �G ' market value of the Property immediatelY 6efore the taking is equa!to or greater than the amount uf the sums secur�d by this •
<br />� •- ' � Security Instrumeat immediately before the talsing.unless Borrower and l.ender otherwise agree in writing.the sums secused by :-y� ' ,..
<br /> �t i:'� this Sewrity Instrument shall be ratused by the amount of t6e pmceeds multiplied by the following fraction: (a)the tatal �
<br /> amount of the sums secured immediately before the taking.divided by(b)the fair market vatue of the Property�mmediatelY � `
<br /> �., . _
<br /> •��` � befom the talring. Any batance s6all 6e paid to Borrocver. In the event of a partial taking of the Property in which the fair •,ii'••, ,•�
<br /> . : '... �` market value of the Property i�iately before the taking is less than the a+nount af t6e sums secumd immediateiy before the `;:. 9
<br /> , , � taldng.unless Borrawer and I.eader otherwise agree in writing or unless applicable taw otherwise provides.the pmceeds shall - `
<br /> �F �` 8e applied to the siuns secured by this Security Instmment whether or not the sum.s are then due.
<br /> � i
<br /> � .�.'=' If the Propecty is abandoned by Honower.or if,after notice by Lender to Bonower that the oondemnor offers to make an _
<br /> � ' award or settts a claim for daneages, Borrower fails to respond to i.ender wit6in 30 days after the date the notice is given, °
<br /> �- - Lender is authorized m collecl and apply the pmceeds.at its opdon.either to teswretion or repair of the Propeny ar to the sums _
<br /> : �.--. -:.- secured by this Security Instrumen�whether or nat then due. ••'.'+�i=_
<br /> � , ��`,�•' Unless Lender and Borcower otheravise agree in writing, any applicadon of proceeds to principal shatl not extend or _
<br /> � ` ' .postpone the due date of the monttdy payments refeaed to in paregraphs 1 and 2 or change the amount of such payments. , .��L��
<br /> • 11.Borrawer Not Released;Forbearaace By Lender Not a Waiver.Exte.RSion of the time for payment or modifiradon ..��A.,., ,
<br /> � � of amortization of the sums secured by tbis Security Instrument granted by Lender to any successnr in interest of Borrcrwer shall '___ ;.�,�,._
<br />� ' " �' not operate to release the liability of the origina!Borrower or Borrower s successors in interest. Lender shall not be requirefl w �- .• ���-
<br /> � ,��� commence praceedings against any successar in interest or refuse to extend dme for payment or otherwise modify amortization _ ___ _
<br /> � � • of the sums secured by this Security lnstrument hy reason of any demand made by the ariginal Borrower or Boaawer's __ _
<br /> ; `��� �° saccessois in interest. Any forbearance by Lender in exercising any right or remedy shall noi be a waiver of or prectude the ,�,_ . „--
<br /> , , . exercise of az►y right or remedy. �.�,,,_< __�-
<br /> 12. Saccessors and Assigns Bound; Joint and Several Ltability; Co-signers. The covenants and agreements of this ,. . , :=-.°
<br /> �__ ._ Security Instrument shall bind and benefit the sucecsso�s arid assigns of Lender and Borrower.subject to the provisions of �_����-..�=-�
<br /> pacagraph 17. Boaower's covenants and age+eements shatl be joini and several. Any Bortnwer who co-signs this Secnriry _, .
<br /> -' � Instrument but does not execute the Note: (a)is co-signing this Securiry Instrument only to mortgage,giant and convey that . �__
<br /> � � • Borrower's interest in the Property under the tem�s of this Security Instrument:(b)is not personally o6ligated to pay the sums ' '`>''�'.,':-�_`
<br /> , secured by this Secua�icy Instrument;and(c)agrees that I.ender and any other Borrower may agree to extend,modify.forbear or ,_ ,�;__-
<br /> , � . " make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consen� T!�-��•:,;�.��
<br /> • �� ; ' 13.Loan Chaiges•If the loan secured by this Security Instrument is subject to a law which sets maacimum loan eharges, ':� �, .,._.
<br /> ' �� � � and that law is finally interpreted so that the interest or other(oan charges collected or to be collected in connection with the .,;;;,;•,;'-
<br /> .... Ioan exceed the pecmitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge _:-- _
<br /> ' • - . � to the pemutted limit;and(b)any sums already collected from Bonower which exceeaed permitted limits wili be refunded to __
<br /> , Borrower. l�ender rnay choose to make ihis refund by reducing the principal owed under the Note or by makiag a direct �
<br /> , . ,.
<br /> �- . payment ta Bonower. If a refund reduc�s principal. the reduction wiU be treated as a partial p:epayment without any ��•;_
<br /> � . • � '' prepayment chazge under the Note. , 'r-_ _
<br /> 14.Notices.Any notice to Borrower provided fo.r in this Security Instrument shall be given by delivering it or by mailing . _
<br /> � . � it by fi�st class roail unless applicable law requires use of another method. The notice shall be directed to the Property Address _ '_
<br /> ' • or any other address Borrower designates by cotice to l.ender. Any notice to L.ender shall 6e gi�•en by first class mail to •
<br />� ' � Lender's address stated herein or any other address Lender designates by notice to Borrower. Any rc�ce provided for in this f
<br /> " ' � � ' Security Instrument shali be deeQned to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> .•..? l5.Goveming Law; Sev�aability. This Security instrumcnt shall be governed by federal law and the law of the ' •_
<br /> . •, � jurisdiction in which the Property is located. In the event that any provision or clause of this Security Inswment or the Noee . . , " ' ;
<br /> � .� conflicts with applicable law,snch conflict shall not affect other provisions of this Security Instrument or the Note which can be . . .
<br /> . : given•effect without the conflicting provision. To this end the provisions of this Securiry lnstrument and the Note are declared •
<br /> to be severable. �.
<br /> • 16.Borrower's Copy.Ba:rower shall be given one conformcd copy of the Note and of this Security Instrum.ene.
<br /> . Fam 3028 9190 �, .
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