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<br /> . ' payments may no langer be required.at the option of L.ender, if mortgage insurance roverage lin the amount ar.d for the p:riod ` �`� � .
<br /> . that [.ender requiresl provided by an insurer approved by Lender again becomes a�ailable and is obtained. Barma•er shall pay •� • ` `�,
<br /> the premiums required to muintain tnortgage insurance in effect,or to provide a loss reserve,until the requerrment fi�r mnrtgage � � ' '
<br />` insurance endc in accordance with an}•written agreement between Barrow�er and Lender or applicable iaw•. � �" �•'• ` •_ '(_ _ �.
<br /> , 9. Inspectlon. Lender or its agent may make reasonable entries upon and inspections of the Property. L.endcr shall give `
<br />,- Borrower nntice at the time of or prior to an inspection sprcifying reasonable cause for the inspection. . ',"'°� �
<br /> �:i 10. Cortdemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with any ��' " °--- �
<br /> ` �� condemnation or other takiug of any part of the Property,or for conveyance in lieu of condemnation. are hereby a,signed and .,,�� � . �� •;` -
<br /> shali be paid ta Lender. ° ' . -
<br /> In the event of a total taking of the Properry. �epr.w�eds shall be applied to the sums secured by this Security ins[rument. ��•, +�r�'•_-
<br /> whether or not then due, wieh any excess paid to fi3or�a��. Ia�.he event of a partial taking of the Property in which the fair '� ��''-'�
<br /> . market value of the Property immediately Erefore the talcing is equal to or greater than the a�nount of the surtu secured by tttis � �`''y"""°''�'•
<br /> +�' ';�.. •15'��;y .•�::g�=
<br /> .•� Security Instrument immediateiy before the:aking, unless Borrower and Lender otherwise agree in writing, the sums secured by `-`�:��`..%',,yy,
<br /> this Security Instrument shall be reduced by the amouni of the pro��ecls multig[ic�f 5y the foltowing fraction: (a) the totstl 1`,����. " " ��' ,. �'
<br />., ' y ,t) �.���F#''"_y
<br /> •'� amount of the sums secured immediately before the taking, divided by (b)the �-�i.c r.r;sket value of the Properry immediately -c1�'.. ,�;.=---��__:
<br /> �:�- :•"�1�����-�..�...._.-�. .._
<br /> �y:�•. before the taking. Any balance shall be paid to Borrower. In the event of a parna; taking of the Property ut•.�hich the fair
<br /> ��; market value of the Properry immediately before the tatcing is less than the amount of the su►ns secured immediately before the �._;,"" :..ti,y,X�. .
<br /> zY`l�.s taking, unless Borrower and I.ender otherwese agree in writing or unless applipble law otherwise provides, the proceeds shall : -.���r f ,,�,;•y -
<br />_�,�� �a._��:�_.
<br /> � } be applied to the sums secur�d by this Securi¢y Instrument whether ur not the sums are then due. T� �f-,.:
<br /> ,;.l.`� If the Property is abandoned by Borrower,or if,afL�r notice by Lender to Borrower that the condemnor o�Tc-rs to make an ..- ,., �: ��t���_:
<br /> ativard or settle a claim for damages. Borrawer fails to cespond to Lender within 30 days after the date the cLaice is given. '"�='• -
<br /> "' � L.ender is authorized to collert and apply the proceeds,at its option,either to restoration or repair of the Property or to the sua-�� , ! y !4.•;°-�-�
<br /> secured by this Securiry Instrument,whetker ar not then due. . �•':�-`•4'`" F,��'��:{���'•`
<br /> r�, i�'•:;
<br /> .•..3 Unless Lender and 8orrower otheraise agree in writing, any �.gplication of proceeds to principal shall not exter.� •cvr �,�"' L��,r.�;.,:�.r��;_;
<br /> l •postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such tr:r_renu. �'� '=��"••"�`"
<br /> '� >;. .,.�,x�s,te`=s
<br /> � 11.Borrower Not Re".¢ased;Forbearance By Lender Not a Y6�aifer.ExtErs�.m of the time for paymeat�ac modiFcz�n r���,�a�' .'ir;x�*'t;c••�-:`
<br /> .° of amortizaiion of the sums secured by this Security Instrument gra,:s�;:•�y Lend�r to any successor in interest of�orrower.�ir�:��: `f''"��"•'�;�~�•f:;, �;��``y.�`�`i:
<br /> '.,,�.-: :�r' ..Y jrY.,,�,.
<br />•��:::i not operate to release the liability of the orginal Borrower or Borro•».,"s successors in interest. Lender shall not be requiro�:'�� ���s''�':•�r�,
<br />'-•"�f�� commence proceedings against any succ;ssor in interest or refuse to extend time for a ment or otherwise modi amorti�:�,:� ii
<br /> :._t�, P Y �}' ��, � .�'.�•'
<br /> i a r.5'-'
<br />,•���•,•s.� of the sums secured by this Serunty Instrument by reason of any demand made by the original Borros:;,, or Borrower's �,�,;:.; �' :,,,�� ,:f••.;.
<br />,; ir,: F, '��s;
<br /> t;�,;:t, successors in ineerest. Any ferbearance by Lender in e!cercising any right or remedy shall not be a waiver of or preclade the ,��,� .K,,..... ��;:ia�;�:=
<br /> i.; 1�i�. :., .
<br />,.:A�;�. exercise of any right or remedy. � ..f���� ,
<br /> �.�`��' .�i;k '' ���-•:
<br /> 5;. 12. Sucoessors and Asstgns Bour.�; Joint and Several Liability; Co-sigrters. The covenants and agreements of this V: ;�,-��•;, f.;'�;
<br />,r�.,3,�,�. Security Instrument shall bind and benefit the successors and assigris of Lender and Borrower, subject to the provisions of
<br /> � paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security _ :.r . -::�
<br /> � Instrument but does not execute the Note: (a)is co-signing this Security Instrumecz only 4o mortgage,grant and convey that •
<br /> • , Borrower's interest in the Property under the tertns of this Security Tnstrument: (b)is not rsonall obli ated to ��'
<br /> pe y g pay the sums
<br /> :. secured by this Security Instrument;and(c)agrees that Lender and any other Bottower may agree to extend, modify,forbear or � ' �
<br />'%R".'i make any accommodations with regard to the tertns of this Securiry Instrument or the Note without thas Borrower's consent. ----'°'°��'!�-�-`
<br /> `��``�' 13.Loan Chaiges.If the loan secured by this Sec�*ity Instrument is subject:r. a law which sets maximum loan chazges, ��s���_�.��,,,,:
<br />� aa�d that law is finally interpata.ed so that the interest or oc.ter loan charges wlleccai-,r to be collected in car��.etion with the �Q"�'� '�J
<br /> >�•,�' � loan eaceed the pemtitted limi:s,then: (a)any such loan.�zrge shall be reduced by�t:�e amount n e c e s s a r y to reduce the char g e ����R==--
<br /> rk..,..
<br />-,�;,.;�• to the permitted limit;and(b) any sums already collected from Ba:rn��er which exceeded permitted limiu will be refunded to � '
<br /> 0lI�'",::
<br /> Borrower. Lender may choose to make ehis refund by reducing ci-:e principal owed under the Note or by making a direct - �-�-c�;=��„�"
<br /> payment to Borrower. If a refund redaces principal. the reduction will be treated as a partial prepayment without any -----
<br /> prepayment charge under the Note. - - `"
<br /> . 14.Notices. Any notice to Borrower provided for:a this Secunty Instrument�ttal!be given by delivering it or by mailing ��-n*�=�-°-�=��--r-����_
<br /> it by first class mail unless applicable law n;quires use of another method. The notice sh�l! be dirr�ted to the Property Address !'" ,:°<<° ••-_`
<br /> _ or any ather address Borrower designate� by notice to Lender. An notice to Lender shall h�. { '`� "�'�'t�'
<br /> Y ° 3iven by first class mail to kt'. ='. .'.
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. A.7y noticc provided for in this _ ; :z:i::._:.-
<br /> :� Securiry Instrument shall be deemed to have been given to Barrower or Lender when gc�:en as provided in this paragmph. �� . r �'t'=:�
<br /> .� 15.Governing Law; Severability. This Security Instrument shall be go�..�:.ed by federal law ar.d the law of the R �,�..�,;r:R�;-
<br /> i J:Z . '�MYx..
<br />_.y,{, , jurisdiction in which the Property is locatai. In the event that any pnn•iaion or clause of this 5ocurity Instrurr.ent or the Note ,=--�c `_ •,,:�.,;;�,;;,:.:;s
<br />�r:f� conflicts with agplicable law,such canfFect ti`�all not affect other provisi•ons of this Security instn:rr:e:lt or the Nate cvhich:.��C�c `j��^���``' '
<br /> :�`�`.f,._..�,
<br /> given effect withaut the conflicting pra:�c�c-►. To this end the provis:aRS of this Seeurity lnstrument and the `inte are dec,�red ? ��
<br /> to be severabte. _':y�� �rt_:;..
<br /> .�: ,•r.;_.,.,�,.,,�,_..... .�:.
<br /> 16.Dorrower's Copy.Smrrower shall be given ore conformed copy of the Nn�e and of this Securiry Jnstn_!'i2IlI. ...�.��.�..-..�,w.p--����';
<br /> Farm 3028 9190 . ����^
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