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� • "°�,!�, . . ./•✓yy'4. _ � .��F - •' � .. •. . ' � ` •1�.._..��-.... payments may no lon�er be rcquired, at the option of i.ender, if mongagc Insurnnce covcrage (in the amount and for the period '_';., that I.ender requires)provided by an insurer approved hy Lender asainrovide�a losslreserv a nncil hee equirement fo�r monga�� _-__ . premiutns requued to n�aintaui mortgagc insurancc in effect, or to p � _ ___ „ � insurance enda in accordance with any wdtten agreement betv�een Bonower and l.ender or applicable law. -• 9.Ins tton. Lender or its agent mey make reasonable eauies upon and inspections of the Property. Lender shall giv� I , ..� � reasonable cause for the inspection. _ Bonower nodce at the time of ar priar to an inspection specifyin6 10.Condemnadon. Tbe prceeeds of anY a�,rw�d or�c=a1m conv��cesinl ieutof condemnation,are her by assigned anc� Y;.'— condemnation or other taking of any parc of We pert}+, '_--- ' shaU be paid to Leader. _ In the event of a total taking of the Property,the proceeds shall be applied to the suins secured by this Securlry Instrument� - �vhether or not then due,with any excess paid w Borrower.In the event of a partial taking of the Property in which the fair market value of the Property immediately before t�e taking is equnl to or greater than che amouat of tbe sums secured by this Securlty _ ` Instrunaent immediately before the taking,unless Borrower and I.cnder otherwise agree in writing, tbe swns secured by this Securiry Insuument shall be reduced by the umount of the proceeds multiplfed by the foAowing fraction:(a)the total amount of _ the sums secured immediately before the taking, divided by @) the fair market value af the Properry immediately befote the _ . taking.Any balaace shall be paid to Borrower. !a the event of a pardal taking of the Ptoperry in which the fair market value af the '` _ � property immediately before the taking is less than the amount of the sunos secured immediately before the taking, uulesa �:; �---- � Bonower and i.eader otherwise agree in wdtinS oT unless applicable law otherwise provides,the proceeds shall be applied W the �� '' ' sums secured by this Securiry Insuvment whether or pot the swus are then due. �."- � If the Properry is abandoned by Borrower,or if,after nodce by Lender to Bonower that the condemnor offers to make an -' ' award or settle a claim for damages. Horrower fails w respond to Lender within 30 days after the date thc notice is given,Lender E_ is authorized w collect and apply the proceeds,at iu option,either to reswration or repair of the Properry or to the sums secured F by this Security Instnunent,whether or not then due. _ ;' Unless Leader and Bonower othenvise asree in wrlting,any application of proceeds to principal sheA not extend or postpone �.� the due date of the monthly paymenta referred to in paragraphs 1 and 2 or change We amount of auch paymenta. • 11.Borrower Not Released;Forbearance By I.ender Not a Waiver. Extenslon of the time for payment or modificadon r of amortization of thc sums secutcd Ay th�s�e�vrity Insinw,c�u gratiu:�3 bY L�de=t°st�+Sll---gg�r in inteTest Of BoTfOWC?Bh811 1r not operate to release the liabiliry of the odgistal Borrower or Bonower's succeseors in lnrerest. Lender shall not be required to : commence proceedings against any suceessor in interest or retLse to extead time for payment or otherwise modify au�orcizadon of � the sums secured by this Security Instnunent by reason of any demand rt�ade by the original Borrower or Bonower's successors , . in interest.Any forbearance by Lender in exercising any risht or remedy shnll not be a waiver of or preclude the exercise of any x dgt►t or remedy. �i 12.Successore and Assign9 Bound;Jotnt and Several Liabllity; Co-signers. The covenants and agre�nients of this f Securiry Instrumeat shall bind and benefit the successors and assig�s of L.eader and Bonower, subJect to the provisions of '", paragraph 17. Bonower's covenants and agreements shall be Joint and several. My Bonower who co-si�ns this Securlty �� Instrument but dces not execute the Note: (a)is co-sigaing this Securlry Instrument only to mortgage, grant and convey that �, Borrower's interest in the Properry under the tenns of this Security Insmimeat; (b) is not personally obligated to pay tLe aumg ' secured by this Securiry Instniment;and (c) agrees that L.ender and any other Bonower may agree to eatend. modify,forbear or � � make any accommodations with regard to tde terms of this Security Insuvment or the Note without that Borrower's consent. ` 13.Loan Charges. If the loan secured by this Security Insuument is subject to a law which sets maximu�n loan charges, �� and tbat law is finally lnterpreted so that the interest or other loan charges collected or to be collected in connecHon with the loxn � exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to redace the charge to the � permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be reft�nded to Bonower. �_ Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to �� Bonower. If a refund reduces principal,the mducaon wW be ueated as a partial prepayment without nny prepayment charge ��, �- � under the Nate. i;_ 14.Notices. Any notice to Bonower provided for in this Security Instrument shall be given by deliverin�it or by mailiag it I�qf-�F'� by fust class mail unless applicable law requites use of another method. The notice shall be directed to the Property Address or -- any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first class raail to Lender's �„_:�� address stated herein or any other address L.ender designates by notice to Bonower. Any notice provided for in this Security r,,�-i_. I Insuument shall be deemed to have been given to Bonower or Lcnder when given as providect in this paragraph. r �•-::' 15.Governing Law;Severability. This Sccuriry Instrument shnll be governed by federal law and the law of the =i�,a?F-` 1 jurisdicuon in which the Properry is located. In the event that any provision or clause of this Securiry Insu�ument or the Notc Iconflicts with applicable law, such conflict shall not affect other provisions of this Securiry Insuument or the Note which can be � given effect without the conflicting provision.To this end the provisions of this Security Instniment and the Note are declared to Ibe severable, , , � Form 3QJ[r�lQ8 9190 � _ I � ,�6R(NE) W2121.01 Pi,gc 4 uf 6 ImOdt/7/( � i i f _-- I � . I �J_ - -