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<br /> ' � paymcnt�;muy no langcn c�requirui,at the option of Lc:nder, if mortguge intiurancc cuveruge(in the amnunt und for the period ��__^
<br /> � thut I.endcr rcyuires) providcd by un insurcr approvcd by Lendcr uguin hcr��mcs avuilublc and is obtuincd. Bnrrower shull pxy �,�
<br /> , the premiums required►a maintain mortguge insurunce in effect,or to provide u Icssti reserve,until the requirement for mortguge�
<br /> ' imurance ends in uccurdanee with nny written ugreement between Borrower und [.cnder ar applicable luw. ��;,w.,.
<br /> ' 9. Inspe�:Non. L.cnder ur its ugent muy make reusonuble entrics up�m and inspections uf thc Pr��{xrty. Lender +ha�� givc� ,{,,,v
<br /> - : Borrowcr n��ticc ut thc timc c�f or pri��r to an inrpection spccifying rcusonublc cuusc fnr thc intipcctiun. � .� ��
<br /> �p 10. Candemnut[on. The proceeds of any uwurd or cluim for dumuge+. dircrt or r��n�equentiul, in�unnection with uny� ,p..4_,�„
<br /> [ y' � � �„•r.`
<br /> :,f candemnution or��thcr tuking of uny pun of thc Property. or fur convcyanrc in licu of rondemnuti�m, arc hcrrb issi mcd und`D — ,� -
<br /> � shull bc puid to I.cndcr.
<br /> , „ •�;� In the evcnt c+f u wtul taking uf the Property,the prcxeeds shull he applied tu thc tiutn�.ecureJ hy this Securiry Instrument,� ��w�„
<br /> � , .� whether or not then due, with any excess puid to Sorrower. !n the e�ent o1'u purtial taking uf the t'roperty in which tlu f'uir� _-. _
<br /> �+�+w'� markcc valuc of the Property immediutely before thc taking is cyuul ta or grcutcr thun the umaunt of thc tiums securcd by this
<br /> ,,'�"'""""`�d Securiry Instrument immediutcly before the taking.unless Borrower und l.i:nder otherwise agree in writin�. thc sums securaf by _
<br /> ' this Securiry Instrument shull be reduced by the amount of the proceedti multiplied by the foll�wing fraction: (u)the total —
<br /> �; � amount of the sums �ecurcd immediutely beforc thc tukinb. dividcd bY(b) the fair market vulue of thc Property immedintely
<br /> r before the taking. Any balancc shall be paid to Borrowcr. In the event of u partial taking of the Propercy in which the Pair `
<br /> � market value of thc Property immediately before the taking is less than the umount of thc sums secured immcdiutely bcf i�rr tlie
<br /> �� taking. unless Borrowcr and I.ender otherwisc agrec in writing or unless applicuble law otherwise provides,the procceds shull
<br /> �. be applied to the sums secured by this Security Instrument whether or not thc sums are thcn due.
<br /> If the Property is abandoned by Borrawer,or if,uftcr naticc by Lender to Barrower that the condcmnur off:rs to mukc un
<br />', � award or settle a claim for damages, Bonower fuils to respond to I.ender within 30 days after the �te the noticc is given, —
<br /> Lender is authorized to collect and apply the proceecis,ut its aption,either to restoratian or repuir of the Praperty ot to the sums
<br /> secured by this Securiry Instrument,whether or not then due.
<br />- Unless Lender and Horrower otherwise agree in writing, nny application of proceeds to principal shall not extend or
<br /> � ost onc the due date of the monthly payments referred to in paragraphs 1 and 2 ar change the amo for a mcnt�orrnirodification
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<br /> . ,:� . 11.Borrower Not Released;ForbeArance By Lender Not u Waiver.Extension of thc ume p y _
<br /> of umorti-ration of the sums secured by this Security Instrument granted by Lender to any successor in i�nerest of Borrower shall
<br /> not operate to release the liability af the original Borrower or Bonower's successors in interest. Lender stiall not be required to —
<br /> commence proceedings ugainst any successor in interest or refuse to extend time for payment or othenvise modify amortization
<br /> of the sums secured by this Security Instrument by reason af any demand mude by the original Borrower or Borrower's
<br /> successors in interest. Any forbeurancc by Lender in exercising any right or remedy shall not be u �vniver of or prcclude the
<br /> . exercise of any ri�ht or remedy.
<br /> Co-si ners. The covenants and agreements of this
<br /> 12. Successors a�td Asslgns Bound; Joint and Several Liability; �
<br /> • Secuiiry Instrument shalt bind and benciit thc �ucccssars ard :sssit,l7s of Lr�r1Pr and Borrower, subjeet to the provisions of
<br /> paragraph 17. Borrower's covanants nnd ugrcements shall be joint and scverul. Any Borrower who cu-signs this Sccurity
<br />_ ;, Instrument but does not execute the Note: (a) is ca-signing this Security Instrument only to mortgage. grunt and convey that
<br /> ' , , Borrower's interest in the Property under the terms of this Security Instrumc�u:(b) is nut personally obliguted to pay the sums
<br /> secured by this Security Instrument;and(c)agrecc that Lender and any other Borrower may ugree to eztend,modify,forbear or
<br /> •. ,: ' make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Bonower's consent.
<br /> _ 13. Loan Charges. If che lo�n secured by this Ser.urity Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected ar to be collected in connection with the
<br /> loan exceed the permitte:d limits, then: (n) any such loun charge shaU be reduced by the amount necessary to reduce the charge
<br /> ' to the pern�itted limir, and(b) any sums ulready collected from Borrower which exceeded permitted limits wiQ be refunded to
<br />�= ' Borrower. I.ender may choose to make this refund by reducing the principal oweci under the Nate or by making a direct
<br /> ��.:.".�. payment to Barrower. If a rcfund reduccs piincipal, the reduction will bc treated as u partial prepayment without any
<br /> - -. �. w, � prepayment charge under thc Note.
<br />-� ' �- 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by dclivering it ar by muilin�
<br /> it by first class mail unless applicable law rcquires usc of another method.Thc notice shall he directed to the Property Address
<br /> ar any other address Borrower designates by notice to L.ender. Any notice to Lender shall be given by first class muil to
<br />- Lender's address stated herein or uny other uddress Lender designates by notice to Borrower. Any notice provided for in this
<br /> � Sccurity Instrument shall be deemed to huvc been given to Borco�vcr or Le�der wlien given as provided in this paragraph.
<br />_. _ . 15.Governing Law; Severabil[tv. This Security Instrument shull be govcrncJ by federal law und the law of the
<br />- •�- jurisdiction in which the Property is located. In the event that uny provision or clause of this Secunty Instrument or the Note
<br /> � � g contlicts with upplicnblc law,such contlict shall not affect uther provisions of thi+Security Instrumen�or the Note which can be
<br /> '�' {�' given effect without the conflicting provision. Ta this end the provi�ions of this Securiry Instrument and the Notc are declared
<br /> � to bc severablc.
<br /> ° , lfi.Barrower's Capy. Borrowcr sliall be given one runfornicd copy of the Notc and of this Sccurity Imtrument.
<br /> Q Form 3028 9190
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