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<br />� ..• .�.— ... .� .r --- �--
<br /> payments may no longer be required.at the opuon�f Lender,if mortgage insurance coverage t in the amaunt and for the period ` _' ;.;� "
<br /> that l.ender requiresl provided bp an insurer approved by Lxnder again becames available and i�ubtained. Borrower sh:ill pay , . �`` � -
<br /> .�'.
<br /> thc premiums required to maintain mortgage insursnce in effect,or to provide a lass reserve.until the requirement ior m��rtgage 5.:•.� . � �;'`�
<br /> ' insurance end�in acmrdance�yith any written agreement between Horrower and l.endcr or applicable law. � -
<br /> < � .
<br /> � 9. I�tion. Lender or its ugent may make reasonable entries upon and inspectionti of the Pmperty. Lender shall give -� �� . . , •
<br /> Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspertion. - • -
<br />— 10. Conde�rt�Iian. 1'he praeeds uf any au�ard or claim for damages, direct nr ronsequential, in connection with any -- — ' '" ' ""
<br /> f��� condemna[iun or other taking af any part of the ProFerry.or for conveyance in lieu of condemnation,are hereby assigned and �. ' ::�'"'�""�'.,Y
<br /> ,'
<br /> shall5e paid to Lender. � -` '.`:r�__
<br /> (n the event af a total taking of the Property.the procrxds shall be applied to the sums secured by this Secudty Instrument. �: „�_ ' _'-_-r•,-,_`
<br />: ��. whether or not then due. with any excess paid to Borrower. In the event of a pareial taking of the Property in which the fair : "..', � �^ • �:,.'
<br /> market value of the Property immediately before the tafcing is equal ta or greater than the amount af the sums secured by this '• v'�� �•,..�_�
<br /> ` Security Instrumen t imm e diate ly 6e fore t he t a king,u n less B orrower an d L en d er o t h e r w i s e a g r e e i n w r i ri n g,t h e s u m s s e c u r e d b y ���:�.
<br />,. this Security instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a} the total - _"" °-,°�--,„-,:
<br /> _',a��. ..}..
<br /> amount of the sums secured immediately before the taking. divided by (b? the fair mar',set value af the Pcaperty immediately �L;.ti.,� �:;�,�:vy_ ��'
<br /> before the taking. Any balance shall be paid to Borrower_ In[he event of a partial tafdng of the Property in which the fair -�� `
<br /> mazket value of EF�e Praperty immediately before the taking is less than the amount of the sums secured immediately before the . �� � }�=`,•�-
<br /> . taking. unless�a��ner and Lender othenvise agree in writing or unless applirable law otherwise provides,the proceeds shall 4 _ :. �
<br /> be applied to the s*�•.s sectirad��.tt►is Security Instrument whether or not the sums are then due. ---:-- --�_
<br /> If the Pro m�is aba^_dc^�b Borrower,or if, afrer notice b Lender to BorrvRer that the condemnor offers to m3ke an ��
<br /> 1� Y Y `'��n�:��'�"`�
<br /> award or settte a ct��m for damages. Borrower fails to respond to Lender within 30 days after tEce�te the notice is given, �.x�,:-".`��'
<br /> _ Lender is authoriz�'�:to collect and apply the proceeds,at is oprion,either to restoration or repair o€¢�`.Property or to the sums °`�:n'v�=, ; _,
<br /> secured by Lhis Security Instrur=�nt,whether or not then due. ��� ��`"" � ~" '� �`
<br /> , Unless I.ender and Horr�3ver otherwise agree in writing, any appiication of proceeds to principal shall not extend or �' °--
<br /> pQS�one the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. • � ���. ..
<br /> I1. Borrowea�Not Reteased;Forbeaiance By t.ender Not a Waiver.Extension of the time for payment or modification ,� ��`.�.� �.. .
<br /> 11 . C�....
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<br /> of amortiration of the sums secured by this Security Instrument granted by[.ender to any saccessor in interest of Borrower s�a1l �' �� .�,,� �.__
<br />� _ not operate to release the liability of the original Borrower or Bonower's successors in interest. Lendet shall not be required tm �;,,�,��. • • .. �
<br />• commence proceedings agair�st any successor in interest or s�fuse to extend time for�a��ment ar otherwise modify amorti7aue� '�°� —
<br /> z• „"--
<br /> - of the sums secured by this �curity Instrument by re�soa of any demand made b� the original Borrower or G�orrower s '; :�.�.�.�'.�;
<br /> successors in interest. An forbearance b Lender in exercisin an ri ht or reme� � _�,_!!not be a waiver ot or reclude thr ��"�'"�
<br /> Y Y S Y 8 3 P .-:��.i.�.. ;�
<br />, t�,. exercise of an r:••�:or remed . '�'�" ':;'�
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<br /> ,�'`1�' 12. Succ�us+ss and Assi�us Bound; J��:nt and Several LiabIlity; Co-signetis. The cove�-�and agreemenu af this ' "° ;s'"`"�'%- . �-,_�
<br /> .r. „r�;.._.. ,..„S�cf,rr „( ., _
<br /> �f� Svaat�-y Instnunent shall bicai,:...-,d benefit �Wa successors and assigns of Lender and Borrower, subject to the provisions of ' +'-• .,.; =;:�
<br /> �c��ph 17. Borrower s cuv��yu and agreements sha'_: be joint and several. Any Borrower who co-signs this Security ��� � .�� .;'�?.•,t�:_-
<br /> ' Instrument bui does not execute cne Note: (a) is co-sigiing this Securit}•Instrument only to mortgage, grant and wnvey that `��� � � � ``
<br /> _- , .%k.��:.�...'�:�r. "�.•yV1��.=�-
<br /> � Borrower's mterest�n the Yroperty under the terms ot this security insuva:ent:�n) is not pecsonativ �Cl�gatea to pay me sums ---~-- •� —��.,•.-:::;:-
<br /> • � secured by this Security Instrument:and(c)agrees that Lender and any cr1�,�;Eorrower may agree to�cxnd.modify,forbear or ;;�:���i�":.����- ----
<br /> . make any accommodations with regazd to the[erms of this Security Insmiment er the'_Vote without that Borrower's consent. �,�,'�,�,;;, � '' ' •
<br /> ' 13. Loan Charges.If the!oan secured by this Security Instniment is subject tc�.z�aw which seis maximum loan charges. ��!` ,,:� "„�;�;�,�,;_°•
<br /> �.;,. and thai law is finally interpr�so that the u►terest or oiher loan churges wllected or to be collected in wnnection with the �►� tl:,� r" � '. -
<br /> 5�� � ' 'f�`�.�•,:,
<br /> :� loan exceed the permitted limits,then: (a)any such laan charge shall be reduced by the amount rte�ssary to reduce the charge t�;'T ref���:-�`,
<br /> to the permitted limit;and(b)any sums alseady collected from Bonower which exceeded permittvi:��*nits will be refunded to '� ,`'`�
<br /> � � .�_ � ��� ��_:
<br /> � Bomower. Lender may chaosc� o;r.�ake this refund by reducing the principal owed under the Note or by making a direct - - --,..""�"�'-*�;
<br /> payment to Borrower. If a rr.,fivu3 reduces principal, the reducuon will be tr�tod, as a partial prepayment without any ,r - .��_. _ `: .
<br /> P�Payment charge under the I�e��. � ',.--.? -:°�:'�=;s-:-:;.-_'
<br /> . 14. Notices. Any notice tv�orrower provided for in this Security Instrument shall be given by delivering it or by mailing � �:_:*.�-�!�;:;'``
<br /> ' it by first class raYil unless apglipble law requires use of another method.The notice shall be directed ta the Property Address �, ,''x � �
<br /> or any other ad�ti3s Bemowe.- designates by notice to Lender. Any notice to Lender shall be given by first class mail to -----"#-��` _
<br /> Lender's address stated herein ��r sy othar address Lender designates by notice to Borrower. Any notice provided for in this - •°°�•:'`�""�="*�r'°'.���-
<br /> . Security Instrument shall be�::ed to have been given to Borrower or Lender when given as provided in this paragraph. �'"'"��°°""���—
<br /> �. 15.Goveraing Iaw; Severebility. This Securiry Instrument sha11 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 Securrty Instrument or the Note �y�,:k?��
<br />;;;iC°5 t ' conflicts with applicable law,such conflicc�lta,:l not affect other provisions of this Security Instnur��s ar the Note which can be ' �'-�;:,;_ ''
<br /> ...,. ,...:
<br />`�.ti� g�ven e f fect wi t hout t he can f iiw:-g provis:cr_. To t his en d t he provisions o f t his Secarin� Instrument an d t he Note��dec l a r e d ,,�;�;�.�,�,,.:;
<br /> . � �rJ be severable. �"'�^="�iz=`�= _
<br /> � 16.Borr�wer's Copy.�ozrower shall be given one azr.tormed copy af the Ncce;:r,:of this Securiry Instrument. �;•��
<br /> , Form 3028 91Sf1 ��y�,�,�
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