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<br /> � payments muy no longcr bc required,at thc optian of Lender,if mortgagc iusurancc covcrugc(in thc amount und fi�r thc pericxl
<br /> F that Lendcr requires)providcd by an insurcr approved by i.endcr again becomcs uvuilablc and is��btained. Borrowcr shall pay
<br /> „ , thc:prcmiums requireci to maintain mon�agc insurance in effec�,or to providc a loss reserve.until the requircmcnt fur mon�;ugc� _
<br /> insuruncc cnds in ucwrdancc with uny writtcn agreement bctwccn Aorrowcr and Lender or applicablc luw. _
<br /> 9.Intipectton. Lender or its agcnt may muke reasanablc entries upon und inspectiim+of th�� Pruperry. lAndcr shull �ivc� _
<br /> f Borrowcr noticc at thc timc of or priar to un inspcction specifying rcasonablc cuusc fnr thc inxpectian. � _
<br /> � 10. Condemnatton. The proceecis of any award or claim for damages, dirert or conseyuentiul, in ronneciicm with �iny�
<br /> �..{ condemnation or other tuking of any part oF the Praperty,ur for canvcyancc in licu of c:ondemnation. urc herchy as�igncd anJ� `_
<br /> ” shall bc puid to Lender.
<br /> !n thc event of u totul�aking uf thc Prupcny, thc pr�xculs tihall bc applicd tc�thc sums+rrurcd hy thi�Srcurity In.trument.� �
<br /> '' !��� whether or not then duc, with uny excess paid to Borruwcr.In the event of u partiul tukins of thc Pruperty in which thc 1'uir� _
<br /> y�� market value of thc Pruperty immediately before the tnkin� is eyual to or gre.ztcr than thc umount c�f thc sum+tiecurcd hy thin �
<br /> Security instrument immediately beforc thc taking,ualess Borrower and L.endcr othenvisc agree in writing.thc sum.yccurcc!hy
<br /> ` this Security Instrument shall be reduced by the amount of the proceeds multiplied by the folluwing fruction: (u) the tc�wl _
<br /> �"' arnount of the sums sccured immcciiately before the taking, Jividcd by (b)the fuir market vulue of thc Property imnudiutcly v.
<br /> before the taking. Any balance tihull be paid to Borrower. in the event a(u panial taking ��f the Property in which the fuir _
<br /> � market valuc of the Property immecliately beforc the tnking is Icss than thc amnunt of'the sums scrurcd i►nmcdiutcly befc�rc thc _
<br /> taking, unless Barrower and 1.ender nthenvisc ugrce in writing or unless applicublc law othcrwisc prc�vidcti, thc pruccedti�hall
<br /> :; be applicd to thc sums sccured by this Security Instrument wheihcr or not the sums arc[hen duc.
<br /> ,, If the Propeny is ahandoned by Borrower,or if,ufter naice by I.ender to Borrowcr thut the condcmnc�r off'er+ta makc:�n
<br /> � award or settle a claim for damages, Barower fails to respond to Lender within 30 days aftcr the date the notice is givcn,
<br /> Lender is authorized to coltect and apply the proceeds,at its option,either to restoration or repair of the Praperty or to the tiums
<br /> . secured by this Security Instrument,whether ar not then due.
<br /> � � Unless Lender and Bonower othenvise agree in writing, any application of procecds to principul shall not cxtcnd or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or changc the amount of such paymcnts.
<br /> �,�I 11. Borrower Not Releused; Forbearance By I.ender Not a Wulver. Extension of the time for payment or modification
<br /> `��� of amortization of the sumt secured by this Security Instrument�ranted by Lender to any successor in interest of Borrower tihnll
<br /> not operate to release the liabiliry of the original Borrower or Borrower's successors in interest. I.ender shull not be rcquired to
<br /> '�'�; eommence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizution
<br /> r of the sums securec! by this Security Instrument by reason of any demand made by the oeiginal Borrower or Bono�ver's
<br /> succe�sors in interest. Any for6eurance by I.ender in exercising uny right or remedy shall not be u wuiver of or preclude;the
<br /> exercise of any right or remedy.
<br /> _.�( 12. Successors and Assigns Bound; Joint and Several Ltability;Co•sl�ners. Thc covenants and agrcemcnts of this
<br /> Scxurity Instrument shall bind and be�netu trte successors and assigna o[Ixiidc� u�id B.,rrowcr, ;ubj:.ct ta she pro:�lsiotis o!'
<br />'� paragrnph 17. Borrower's covenants und agrecments shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but dues not exccute the Note: (a) is co-signing ihis Security Instrument only to mortgage, grant und convcy thnt
<br />�� ' Borrower's interest in thc Property undcr thc terms of this Sccurity Instrument: (b)is not personally obligated to pay the sums
<br /> . secured by this Security Instrument;and(c)agrees that L.ender and any ather Borrower may agree to extend, modify, forbear ur
<br /> rnake any uccommodations with rc�ard to the terms of this Sccurity Instrument or the Note without that Borrower's conscnt.
<br /> - . 13. Loan Charges.If the loun secured b,y this Security instrument is subjcct to a law which scts maximum loun charges.
<br /> and that law is ftnully interpreteci su that the interest or other loan charges collected or to be collected in conneetion with thc
<br /> � loan exceed the permitted limits, then: (a) uny such loan charge shall be reduceci by the umount necestiary to reduce the charge
<br /> � � ta the pertnittcd limi4 and (b)nny surns already collected from Bonower which exceeded permitted limits will be refunded ta
<br />- Borcower. Lender may choose to make this refund by reducing the principal oweJ under the Note or by making n direct
<br />-. . . � � payment to Bonowcr. If a refund reduccs principal, the rcciuction will bc treated t�.+ a partiul prepuyment without uny
<br /> �-• r - prepayment charge under the Note.
<br /> • ,� ' 14.Notices. Any notice to Borrower providcd for in thic Sccurity Instrument shall bc given by dclivering it or by muiling
<br />_ " it by first clasti mail unless applicublc law rcquires use of unuther method,The noticc shall be dircctcd to thc Praperty Address
<br /> or any other address Borrower desi�na�es by notice to l..ender. Any notirc to Lender shall be given by first class m�il to
<br />- Lender's address stated hercin or any aher address Lendcr dcsignatcs by noticc tn Borrower. Any notice provtded for in this
<br /> Sccurity Instrumcnt shull bc dcemed to have been givcn to Borre�wcr or Lender whcn given as providcd in this puragraph.
<br />�^�' . � 15. Governing Law: Severability. This Security Instrument shall be govcrneJ by fedcral law and the law c�f thc
<br />- jurisdiction in which the Property is located. In the event tha[ any provision or clause of this Security Instrument or the Note
<br /> - ' ' �:� conflicts with applicablc law.such conFlict shall not affcct othcr Nrovisions of this Security Instrumcnt or tlic Notc which can bc
<br /> : given effect withe�ut the conflicting provision. To this end the provixions of this Securiry Instrument and the Note are de�lared
<br /> . to bc sevcrablc.
<br /> 16.Borrvwer's Copv.Borrower shall he given nne ronYormed copy of the Note and ol'this Securiry Instrument.
<br /> � Form 3028 9190
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<br /> � Papn 4 oi 6
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