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<br /> . paymeats may nn longer be required,az the option of I.ender,if mortgage insuraace coverage(in the amount and for the peaio�d ( • ,
<br /> . , that Lender teqoIIes)Provided by an insurer appmved by Leader again ba:omes ava�7abie and is obtained.Bomnwer shail pay the .' . ,
<br /> � • premiums required to maiar�in mortgage insuzance in effoct,or to provide a loss resenre, undl the requirement for mmtga8e �' �. ' .� .
<br /> ' � iasuzance eads in accordance with aay wriuea�agccement between Bouower and Lepder or applicable law. � .
<br /> < _ 9.InspeMiofl. L.eadea or its�t raay make reasonable enuies ugoa and "anspections of tbe Property.Lendcr sdall give - -.. -
<br /> - ,-- -'�`� Borrnwa aotice at the tinne of or pri4u ta an iaspecoion specifying reasonabte caUSe for die inspection. : . -� . _ -
<br /> , � 10.Condemnation. 'fiie pmceeds of any awaN or ciaiw for damages,direcx or wnsequeutial,in cbnnecdon with any ( , , .
<br /> condemnarion or other taldag of aay part of the Praperry,or for wnveyance in lieo of c�ondemnation,are hereby assigned and ,
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<br /> shaIl be paid to I.ender. < ° �,: :` .
<br /> In the event of a wtal tal�ng of the Prope,ny,the pmceeds shall be appiied to the sums sec�ued by this Se�iuity Inst�ument, -
<br /> ' whether or not then due,wuh airy eacess paid to Borrower.In the eveat of a partial taking of the Propezty in which t he f a i r m a i k e t ; ' . ,. �`�_
<br /> • vaLie of the Pmpeaty immediately before We takiag u eqnal to or g�e�ter t6an the amonnt of the sums sec�aed by this S�r • . .' '_
<br /> ', . Insumme�t immediately befaie the taYing, untess Borrower and I.ender othQrarise agtee in wriling,the sams seaued by tlus .
<br /> � Security Instcame,nt shall be rednced by the amavnt of the pracceds multiglied by the foIIowireg fras6on:(a)the tntal amount of •
<br /> the sums secured 'unmediately befa�e the tal�g,divided bY N)the fair maricet valae of the A�npeaty immediately before the ' -;:_;�•.�
<br /> � tat�g.Any balance s6ari 6e paid w Hoirower.In the eveat of a pa�tial qking of the Propeity m which the faa market watue of the - - --
<br /> . Prop�ty immediarely 6efore the taldng is less than the amount of the sums seaued immediateIy before the taldng, unless � ,.'.:��-.__.
<br /> � .� Barcower and Lendea othe�vvise agree in wriwng or uNess applicable law otheaarise pmvides,the proceeds shaU be applied w the . � --_
<br /> • s�uas sec�red by tdi4 Secauiry Iastn�meat whether or not the suw.g aze thea due. - .,, . �'_�.�
<br /> _ :` ff the Propeny is abandoaed 6y Bonower,or if,after notise by Lendea w BaQrowes that the condemnor offeas w make an . . _ �—
<br /> : award or seule a ctaim for damages,Bormwea fa7s to respond W I.ender within 30 days after the dats the notice is given,Lende�r -----�i�:�'=
<br /> • , ' is authorized m coIIect and apply the pnoceeds,at iu option.either to resw:atinn or zepair of the Pmpeity ar w the sua�s secured _ . ,• -
<br /> . ��• by this Sec�ity Iasuuncent,wbether or not then dne. • ,��-�--�
<br /> �:-.: �'�_-
<br /> Un2ess Lenda and Bom�wer otheaa+ise agree m wridng,ar►y appli�tion of proceeds to principal s6all aot extead or postpane ` .t�:,�'.-
<br /> . . . _ .�.� the dne date of the monthl �, '�n �='-
<br /> . Y PaYmeaLS refeued w�paragraphs 1 and 2 or change the arnount of such paymenss. �"�=��_.
<br /> il.Borrower Not Reteased;�orbearance By I.ender Not a Waiver. Exteasion of the ume for paymcnt ar modificaLion , -
<br /> _ , of amo�on of the sums secuced by this Seauity lasuum�t granted by l.euded tn any successor in�terwst of Bormwes shall =_ ---
<br /> . not ope,rare to reteate t6e liability of the original Baaowea ar Bo�mwer's succe.ssots in intecest.l.ender shall not be mquiied to _
<br /> wmmence pmceedu�gs agalnst any successor in mterest oz refase tn extend 6me for pay�nt or otiierarise modify smom7ation of .. � G�-=
<br /> ��:, .
<br /> ihe sarns seaared by this Security Insmanent by reason of azry de�na�nd made by the�al Borrawer or Bmrower's succe.ssors , ��„�•,
<br /> • , in inteaest.Any forbeazance by Lender in eacencistiag aay right or remedy shall not be a waiver of or preclude the exe�ise of any • . . ''''�'}��
<br /> � . right or remedy. � ' =_�^`-
<br /> ' lZ.Successors and Asdgns Bound;Joiat and Several Liability;Co-signees.1he wvenauts and ageements of tbis
<br /> - --;. . � Securiry Iust�ument shall bind and benefit the s�cressors and assigns of Lender and Bomower, subjeri ro the provisians of ' - ' •"':'�_
<br /> ' parag�aph 17. Bmiower's covea�anis and agrreements shall be joint and sevaal. My Borrower who co-signs this Security '. 1�::,�'��-
<br /> a �x:_.
<br /> Insuument hut does not execute the Note:(a)is co-si this Security Insmrment onI w m e. t and conve that ` '`'�' -
<br /> 8�8 Y a�B 8� Y �,.�, ' �.-..��•�
<br /> �, Hormwer's interest in the Prop�ty under the tenns of this Security Instrumeux(b)is not personally obligated to pay the sums °"x''=
<br /> .. � sec�ued by this Secutity Instramen�and(c)agrees that Lender and any othea Borrower may agree to extend,modify,forbear or � ., ;� ��`
<br /> . �--
<br /> � malce any accoaunadations with regard to the terms of this Secariry Insavment ar the Note without that Bontiwea's consent `
<br /> ' 13.l.aan Charges. If the[oan seciued by this Security Inswment is subject w a law whicb sets maximum loan c'narges, . . � �'':;`��
<br /> . and thai law is firrelly inuapreted so that the lnt�est or oiher loan charges oollected o:w be wltected in connection wlth the loan :�.:��_
<br /> ` eaeeed the permitoed limitv,then:(a)any sach loan charge shall be mdaca�by the amannt necessary w rednce the et�arge to the --
<br /> . pearnitte�limit;aa�(b)aay sums already collected from Borrowea which eRCeEded permittrd limi►s will be refunded to Bomnwer. ... �';.:';:'
<br /> , � Lead�may choose to make this refund by reducing the principal owed under the Note or by mal�g a direct payment to . '
<br /> . � Bosower. If a refund reduces principal,the reduction will be ueated as a Da�tial prepayment without any prepayaaent charge • �''
<br /> � under the Note. . . .
<br /> . ' 14.Notices. My nodce tu Borrower provided for in this Sec�uity Inswment shall be given by delivering it or by mailing it , `. `
<br /> � by first class ma�unless applicable law requires nse oi another methad.The notice shall be directr,d to the Property Addres�or � . �
<br />. any other address Borrower designates by notice tn Lcnde�. Any noticc w I.cnder shall be givcn by first class mail to Lcnder's �
<br /> _�. � address steted herein or any other address Lender designates by notice w Borrower. Any no6ce pmvided for in this Security �,
<br /> : � . � � ]nstnunent shall be deemed to have been givcn to Borrower or Lender when given as pmvideA in this parapaph. � � .
<br /> �' 15.Governing Law;Severability. This Security Inswment sha11 be govemed by federal law and the taw of Ihe • � -
<br /> - . jurisdicrion in which the Pro�erty is tocated.In the event thai any provision or clause of this Security Instr�ment or the Note .. , .' ' ,
<br /> � wnilicts with applica6le law,sucb wnflict shall not affe:,t other provisions of this Security Instrument or the Note which caa be �
<br /> given cffect without the conflicting provision.To this end the provisions of this Security Instrument and the Not�are declared to '.
<br /> • (
<br /> be severable.
<br /> ' j Form 3028 9l90 �
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