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<br /> J paymc�ts may no longcr bc rcquired,at thc opdon of L.cndcr,if mortgagc insurancc coverugc (in thc funaunt and for thc period ,`.-'
<br /> 1 that L.endcr rcqnires)providcd by an insurcr approved by I.cndcr again bccamcs availablc and is obtaincd.Borrowcr shall pay thc ;„..__
<br /> � premiums reyuircd to maintain m�rtgage insurance in effect,or to provide a loss reserve,untii the requirement for mortgage�D ( _, _
<br /> , insurance ends in accordance with any wrltten agrecmer,t betwcen Borcower and Lendcr or applicable law. OO � _
<br /> 9.Iaspectlon. L.cnder or its agcnt may makc reasonablc cnaies upon and inspc�uons of thc Propeny. L.cndcr sheU givc � _
<br /> Borrower nodce at the time of or prior to an insp�cdon specifying reasonable ceuse far the inspecflon. �.1 =
<br /> 10.CondemnAtion. 'Il�e proccxds of any award or claim for demages, d'uect or consequential, in connection with any G , '�_.
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<br /> condemnatian or other taking of any part of ihe Properry, ot for conveyance in Ueu af condemnatian,are hereby assi�ned ond � .l��-
<br /> shall be paid to Lec�der. , _
<br /> In the event of a wtal taking of the Property,th�proceeds shall be applicd to the sums secured by this Security Insuument, .�.`
<br /> w h e t h e r o r n o t t h e n d u e,w i t h a n y e x c e s s p a id to Borrower.In Iha event af a pactial teking of the Property in which the fair market W
<br /> value of the Property immediately bcfore thc taking is equal to or grcatcr t h n n t hc amount o f t he sums sccur e c t by t h i s S e c u r I ry
<br /> Instrument immediutety before the taking, unless Bonower and I.endcr otherwise agrec in writing, thc sums secured by d�is ����`"
<br /> Scxurity Insmiment shall be reduced by the amount of the proceeds muldplial by the foUowing fracdon: (a)the total ar►wunt of -
<br /> the sums secwrd immediately beforc the ta3c3ng, divided by(b) the fair market value of thc Property immcdiately bcforc the _
<br /> taking.My balancc shall be paid to Borrower.In the event af a parrial taking of the Propc:rly in which the fa'u market value of the --_
<br /> Property immediately before thc takfng is less than thc amount of the sums securecl immediately before the taking,unlcss
<br /> Borrower and Lender otherwise agree in writin8 or unless applicable law otherwise provides,the proceeds shall be applied to the =_
<br /> sums secured by this Seruriry Instrument whether or not the sums are thcn duc, •
<br /> If the Propeity is abandoned by Borrower,or if,after nodce by Lender w Borrowcr that thc condemnor offers to make an __
<br /> � award or settle a claim for damages,Borrower fails w respond to Lender wit�in 30 days afler ihe date the nodce is given,Lender _
<br /> � . is authorized to collect and apply the proceeds,at its opdon,either to restorauon or repair of the Property or w the sums secured ry���
<br /> by this Securlty Inshument,whether oe not then duc. -r�-
<br /> Unless Lender and Sorrower otherwise agree in writir►g.any appGcadon of proceeds to principal shaU not extend or postpone �.=�i=�-�
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<br /> the due date of the monthly payments refcrred to in paragraphs 1 and 2 or change the amount of such payments. �
<br /> il.Borrower Not Released;Forbearance By Lender Not a Waiver. Extcnsion of the dme for payment or modificadon ��- _
<br /> of amortization of the sums secured by this Securiry Instrumeni gcu►ii�i�iy l.�adzr to aay succ:�sar in iatcrc.;t af Boao���er shall - :-��
<br /> � nut operace w release the liability of the odginal Borrower or Borrower's successors in interes�L.ender shaU not be required to '=�-`.:_ -
<br /> commence proceedings against any successor in int..rest or refusc to extend pme for payment or otherwise modify a�norti7ation of ;''?�---�---
<br /> the siur►s Secured by this Security Inswment by reason of any demand made by the original Borrower or Borrower's successors • �
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<br /> in ineeres�Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude tho exercise of any
<br /> � rlght or remedy. '��
<br /> lE.Succ�sora smd Assigns Bound;Joint and Several Liability;Co-signers. The wvenants and agreements of this ,`�`
<br /> Securiry Instrument shall bind and benefit thc successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragaph 17. Borrower's covenants and agrcements shall be joint and several. Any Borrower who co-sjgns this Security �.__—__
<br /> Instrument but�'oes not execute the Note: (a) is co-signiug tt►is Security Instrument only to mortgage, grant and convey that = __-_
<br /> Bormwer's interest in ihe Property undcr the terms of ihis Securiry Instrument;(b) is not personaAy obllgated to pay the sums '"<y��„_
<br /> secured by this Securiry Instrument;and(c)agrees that Lender and any otlkr Borrower may agree to extend,modify. fabear or •�-°--
<br /> makc any accommodations with rcgard to thc tcrms of this Securiry Instrument or thc Note without that Borrower's consenG =--�-
<br /> 13.Loan Charges. If the loan secured by this Sccuriry Instrumcnt is subject to a law whlch scts maximum loan chsrges, =-
<br /> and that Iaw is finally interpreted so that the interest or other loan chazges coilected or to be coAe�ted in connecdon with the loan '___-
<br /> � exceed the permitted limiu,then:(a)any such loan chazge shall be reduced by the amount ncx.�ssary to reduce the charge to the �__ _
<br /> permitted limi4 and(b)any sums already collacted from Borrower which exceeded pecmitted limits will be cefunded to Borrower. '`,��y��
<br /> Lender may choose to make this refund by reducing the principal owed under the Note or by makin�a direct puyment to . _
<br /> � Borrowcr. If a refund reduces principal,the reducuon will bc treated as a parual prepayment without any prepayment chargc �-�
<br /> under thc Notc. ��� �� �
<br /> ; 14.Notices. Any notice to Borrower provided far in this Securiry Inswment shall be given by delivering it or by mailing it � , •,. :'�.
<br /> � by first class mail unless applicable law requires use of another method. 'I1ie notice shall be directed to the Property Addr.ss or ;;�'�+-'
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<br /> , any othcr address Borrower designates by noticc to I.ender.Any noticc to Lendcr shall bc given by fust class mail Lo Lender's .;f'�;�� .�`�
<br /> address statcd hercin or any othcr address Lender designatcs by nodcc to Bonower. Any notice provided for in this Security ;l� '
<br /> Instrument shall bc dcemed to have bccn givcn to Borrower or Lcnder when givcn as providcd in this paragraph. ` �''
<br /> • I5.Governtng Law;Severability. This Sccurity Insaumcnt shall be govemed by fcderal law and thc law of thc
<br /> jurisdicdon in which thc Property is located. In thc evcnt that any provision or clause of this Security Instrument or�he Note ,
<br /> ' conflicts with appUcable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> I given effect without the conflicting provision.To this end the provisians of�his Security Instrument and the N�te aze declamd to � I
<br /> � bc sevcrablc.
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<br /> � Form 3028 9190
<br /> (�•6R(NE)IO2+21.ot Pape�01 8 innia�a. I
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