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<br /> • .. no lon er bc uired.at the option of Lender.if mortgagc insurance coveraSe(in ihc amount and for thc periad
<br /> . . `.. � t�YQ►«�ts may 8 rat .
<br /> that Lender requires)provided by an insurcr approved by Lcr�dcr again bccomes ava�7able and u obtained.Borrowcr shall pay the
<br /> ° •-�.,..�� premiu��s required to maintain mongage insurance in effect, or co provide a toss reserve,until the requirement for mortgage • ,
<br /> � ��,_r-9 �u����S in accordance with aay written ugrecment betwecn BorroNer and Lender or applical�lc law. ---.-=,. : =
<br />_� —__ _� _f_.�_�_,T.
<br /> �... . ,, 9.Inspection. Le.reder or its agent may make scasonabic entries upon and inspections of the Praperty.I.endcr shaU give
<br /> � � � Bonower notice at the time af or prior to an inspection specifying rcasonabte cause for ihe inspecuon. ,_ Q. .
<br /> c 10.CondemnatIon. The proccxds of any award or claim For damages. direct or wnsequential,in connecdon with any .
<br /> • c;ondemnarion or other taku�g of any part of the Piapeny,or for conveyance in lieu of wndemnation,are hereby assigned and : ���`:�; s� '
<br /> . , , 4
<br /> . � : shall he paid w Lender. � • � •
<br /> . . . ' ' In the event of a mtal taking of the Property,the proceeds shall be uppliaf w the suins secured by this Security lnsuumen� -, .
<br /> " ' whether or not then due,with any eacess paid w Bo�rowec•Ip tlie event at a panial takmg of the Property in wlsicd the fair maiket
<br /> ' . value of the Property immediatcly before the taking is equal to or greater than the amount of the sums secured by this Security ': �,.`.-.-;...'�-
<br /> Insuument immediately before the taking,unless Borrower and Lender othcnvise agree in writinng, Ihe sums secured by this _ _ v
<br /> � � Securiry Insuument shall be reduced by the amount of the pmceeds muldpiied by[he foltowing fraction:(a)the wtal amount of . � � ;`-�..:-
<br /> the sums secured immecliately before the taking. divided by (b) the fair market value of the Property immedia[ety beFore ihe .. � ... —
<br /> . � taking.Any 6alance sha116e paid to Borrowcr.In the event af a panial taking of ihe Property in which the fair market valuc of the _ __-�,_
<br /> ' �; P r o pe r ty immediacely before the taking is less thau the amount af the surns secured immediately before the taking. untess -. •
<br /> �'�•�+ Borrower and Lender otherwiss agree in writing or unless applicable law otherwise provides,t he pro c e e d s s h a ll b e app li e d t o t h e •r�x
<br /> . . __.::� swns secum,�i by this Securiry Iasuumeat whether or not dic sums arc then due. .� �: � , .�—.
<br /> . � � _,. �. , .z��.
<br /> If the Property is abandoned by Borrower.or if,after notice by Lender to Bonower that U'�e condemnor offers to make an —�- .���,�• ,_
<br /> � � ' ' � : award or sqtte a claim for clamages,Borrawer fails to respond to Lender within 30 da s after ihe datc ths aotice is girven,Lender .��?:.
<br /> Y :;��'�,,.yr
<br /> • , - is authorized tfl collect and apply the proceeds,ac iu option,either to restoration or repair of[he Property or w the swns secured >. .y.-,�.i�..;�
<br /> .` _ by this Seauity Iasuument,whether or not[her►dae. ,�:. t{ '�= =
<br /> • - Unless Lender and Borrower otherwise agree in writing,aaY aPPlication of pi'°ce�ds�°princ�p�1�aot eatend or postpoae ��.. •_:
<br />" � the due date of the monthly payments referred to in paiagcaphs 1 and 2 or change�he amount of such payments. . •`:+�� ,.,`
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<br /> !� ` 11.Borrower Not Released;Forbearance By Lender Not a Waiver. F�ctension of the time for payment or modification : •«-rs��.i
<br /> ; }�--_
<br /> ` � � ' of amorti7ation of the sums secured by this Security Insaument granted by Lender to any succ,e�sor in intcrest of Borrower shaU .;.;��y�;_��.
<br /> � not operate to releace the liability of the original Barrower or Borrower's successors in interes�Lender shall not be requ'ved to . �.` t�.a
<br /> '�; � commence proceed�gs againsi anY successor in interest or refuse to eatend time for payment or otherwise modify amortizatioa of -,- ;-:;=".z:�;:
<br /> . �. .:;',•o � ::
<br /> " � the sums securc,d by this Security Instrument by reason of any demand made by thc original Borrower or Borrowcr s successors :.,
<br /> . �. � in interes4 My forbearance by Lender in eaercising any right or remedy shall not be a waiver of or preclude the cacercise of any •. � ��'''�`
<br /> '.�;
<br /> right or rcmedy. ` _ -�-�
<br /> �. ��'�'.-' 12.Successors and AsSigns Bonnd;Joint and 5everal LiabiUty; Co-signers.The wvcnauu and agreemeatg af this : -,�;�,.:
<br /> ...-n,.;..
<br /> Security Instrument shaA bind and benefit the successors and assigns of Lender and Borrower.subject to the provisions of . _ . � ;.:iT�=
<br /> paragraph 17. Borrower's covenants and agreements shall bC joint and scveral. My Borrower who co-si�us this Security =•x�- �_
<br /> � Instrumcnt but daes not cxecute the Note: (a)is co-signing this Security Insuumcnt oNy to mortgage.grant and convey that .����`�;:�..
<br /> BorroNer's interest in the Property under the temis of this Scxuriry Insuumen�:(b)is not personally obligated w pay the sums �� ���ii�.'
<br /> ' • secured by this Security Instrument;and(c)agrees that Lender and any other Bonower may agree w extend,modity.forbear or , , ;;:f;���
<br /> . m a ke any accommodations with rc�ard to the terms of this Security Insaument or thc Note without that Borrower's consenG ' • '.'�•"
<br /> ar �
<br /> � � . ' � 13.Loan C6arges. If the loan secured by this Security Instnunent is subject W a law awch sets maximum loan chargcs, •. � `���,:
<br /> _ _ _ 1,•,' ...
<br /> � � and that law is Finally mterpreud so that Ihe interest or other loan charges collected or w be wllected in connec6on wfth the loan �..::�< .
<br /> ����� • � `' excced the permitteci limits.then:(a)any such loan charge shall be reduced by�he amount nccessary to rcduce the charge w the ,
<br /> ' � ° pertnitted limit;and(b)unY sums already collected from Boaower which exceeded permitted limits will be refunded to Barrower• , • �.
<br /> � • Lender may choose to make th�s refund by reducing the principal owed under the Note or by making a direct payment to . �•.. ::
<br /> � Borrower. If a refund reduccs principal,the rcducpon will bc veated as a partial prepayment without any prepayment charge •
<br />: , undct the Notc. � �
<br /> . . _ ' 14.Notices. My nouce to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it ,
<br /> . . � ��; by first class mail unlcss applicablc law rcquires usc of anothcr mcthad.Thc no6cc shall be d'uccted to thc Property Address or . :
<br /> � any other address Borrower designates by natice to Lendcr. My notice to Lender shall be given by first class mail to Lender's
<br /> , � ., address stated herein or any othcr address Lcndcr dcsignates by nouce to Borrowcr. Any notice provided for in this Sccurity .
<br /> •s Inswment shall bc dcemeQ to havc bcen givcn to Borrowcr or Lcndcr whcn givcn as providcd in ihis paragraph.
<br /> • . 1S.Covernin�4aw;Severability. This Sceunty Instrument shall bc govcmcd by fcderal law and thc law of thc .
<br /> • . � jurisdic6on in which Ihe Propeny is located. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> _' • conflicu with applicablc law,such conflict shall not af'fcct othcr provisions of this�Sccurity Instrumcnt or thc Notc which can bc
<br /> � � ' givcn cffcct without thc conflicting provisian.To this cnd thc provisions uf�his Sccuriry lnswmcnt and the Notc arc dcclarcd to �
<br /> '.;,� bc scvcrablc.
<br /> � Form 3b28 9190 . �
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