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<br /> 97- Q � ����-.
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<br /> u tion uf l.ender.if mortgage insurance coverage 1in the amount and for the pen�d , �,
<br /> s paymenu may no longer be required.at the p -� �
<br /> ' that I.ender requirc�l provsded by:u��nsurer approccd by Lcnder a�ain becomes available and i�obtaincd. Bonower shall Qay ;
<br /> .a ° � . ,�„
<br /> tf�e premiums requered to maintain mortgage insuran��e�n effect.or to pro�'ide a loss reserve,until the requirement for mongage r • ,, � ,,
<br />' � insunnce ends in accordance vvi g h anY written a greement between Borrower ar.d Lender or applirable law. �n der s h a ll give ' `_'--_--�--_a�
<br />� g, Inspectfon. l.ender a�its agent may make reasonable entries upon and inrpections of the PropertY- '�"'"""�_--°��'
<br /> .�`4....:,r.
<br /> Borrower nutice at the time uf ar priu�w an inspertion specifYinS��+`°�le cause fur the inspectiun. �.����^'�_�-„_,
<br />� 10. Condemnatton.The pro�4°nf heaPrordrtr or�forfconveyan e in lieu f cond mnatore.are hereby ass�&n��d ��• � � � .� _
<br /> condemnation or other taking o[any part Pe Y• � � � •. --
<br /> shal!be paid co Lendec `.�'�`<.. `_, .�,-'" •, x
<br /> In ehe event of a total taking oi'the Property.the proceeds shall be applied to the sums secured by ttus Secur.ty In,trument. ,,, _'��.� . i._
<br /> tn wl:ich t�ee fair ",�,;s......_ ,_.:.,_�.. ±�
<br /> whether or not then due. w�th anY ezcess paid to Bonower. In the event of a Partial taki�g pf the Property � . �� " ,
<br /> :•a:'t�N'y . _
<br /> market value of the Property immediately before the taking is eqnal to or greater than the amount of the sums s�--�ured by this ���,���y`, .T �`"'_�__`�-:
<br /> Securiry Instrument immediately befare the taking.unless Borrower and Lender othec�vise agree in writing.the ss-:-n s�umd bY ��s.:i,:��`�-p�--.--��
<br /> �*,vr s,�
<br /> this Security Instrument shall be reduced by the amouat of the procecds multiplied by the following fracticr.s: ia��`a=etal `�f y .a.o,. 4-•:
<br /> amount af the sums secured immediate�Y before the takin8.divided by(b) the fair mar(cet o u�e���N,hich the fair � `.'����; ...
<br /> before the taking. My balance sha11 be paid to Borrower.'In�e���e���af the sum.s secuced Immediaz�y be#'are the .�� _ -.�r.-:;» ��•
<br /> ' mazk¢t value of the Property immediately before the taking' _,;,t "•
<br /> ?;� taking, unless Borrower and Lender othenvise agree in wrizing or unless applicable law atherwise provides.the proceeds shatl .���: .
<br /> � be applied to the sums secured by this Security Instrun►ent whether or not the sums are then due. :_��,;;_
<br /> � If the ProFertY is abandoned by Borrower,or if,aP.�c notice by Lender to Borrower that the condemnor offers to make an ` - ' ,.�1,.V
<br /> award or settle a claim for damages. Horrower fails to respond to i.ender within 30 days after the date the crrn�ce is given, ;"<<r:.�..';•.;: � ,.
<br /> 1 the mceeds,at its option,either to restoration or repair of the Property or to the sums •.••..��N.,m.��• ��:�.
<br /> Len der is au t ho ri z e d t o w l l e c t a n d a p P Y P .,=��`:
<br /> ' �ured by this Security Instniment.whether or not then d=$• � _
<br /> Unless I.ender and Borrower otherwise agree i� �ariting. any applicauon of proceeds to principal shall nat extend or F t . �_�.:,:::;:_
<br /> ;�'i. • " . .�,.,: !:: ;:i�.�.�
<br /> . postpone the due date of the monthly payrrtents refe�a�P�a1°W�Ver Extensio�n of he time for a uCent or modification • • ^.l4``�'" �R" ,-,
<br /> '�`;� 11.Borrower Not Released;Forbearance�Y p � � � `"`�`` � ' -
<br /> . ,._ . ,,; -,..
<br /> '�1; of amonization of the sums sea:red by this Security instrument granted by Lender to any successor in interest of Borrower ,.�, , ; .
<br />_y�;.f} , ��
<br />;�t:, rr�t o perate to release the liability of the original Borrci.1e�or Borrower's successors in interest. Lender shall not 6e requ'sred to ` _
<br /> �inst an successor in interw v're f u s e t o e x t e n d ti m e f er p a y m e nt or otherwise moc�ify amortizaufln ."�r..�, ` .L
<br /> '� commence prooeedings ag Y ' '. . ' : '•� � >:�
<br /> �.<<,�: of the sums seLVred by this Securiry Instrument by c�on of any demand mzde by die original Borro�szT �r Borrower's +., ,', ; ' '
<br /> � s��o e s s o r s i n i n t e r e s t. An y forbearance by L.ender in exercising any right or remedy shall not be a waiver c�'f�r preclude the �:.
<br /> ,;i•N; ��
<br /> 'r`•� exercise of any right or remedy. '
<br /> '�`���� Bound; Joint and Several I.faL^t�st}, Co-si�e�• Tbe �°venanu and agreements of 21nis :'�';: 7-
<br /> 12. Snccessors and Assigns , . �.:,',.:�::•.a.�::':'.,:.�:�:
<br /> Secnrity Instrument sha11 bind and benefit the suc�oesso:s and assigns of Lender and Borrawer, subject to the prorisions af , .,,�,:.;.,.,.,
<br /> 4;�:�. t...,. f .
<br /> P a t a gra Ph 17. Borrower's covenancs and agreemer.r s�k:all be joint and several. ��ny Borrower who �and wnve�that �' +' ` �'�.�':.�:
<br /> �•�-�..:��.
<br /> Instrument but daes not execute the Note: (a) is co-signing this Security Instrument o n ly t o mort ga ge, g r a n Y ����,; : ,.. . �
<br /> Borrower s interest in the Praperty under the temis of this Security Instrument:(b)is not personally obligated to pay the sums • '_ _ _'
<br /> .•�r r
<br /> secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree co eatend,modify,forb�'�►�' €',f :�� `,.. ;'��,
<br /> malte any accommadations with reSard to the terms of this Security Instrument or the Note without 3hat Borrower's consent. .
<br /> ,,..
<br /> 13.I.oan Charges.Tf the loan secured by[his Security Instrument is subject to a law which sets maximum loan charges. .
<br /> ..,,..:t'.
<br /> . and that law is finallY interpreted so that the interest or other loan charges collected or t�be collecced in wnnection with the � rt ,i;tS. .
<br /> loan exceet the pe*mitted��m�ts•then:���Any such loan charSe shall be redaced by the amount necessary to reduce the ch2:;e _F;.� '
<br /> sums alread collected fmm Bo�r..�wer which exceede+l permitted limits will be refun�ai:t3� :-� ,�J'.:`=:;,'
<br /> �• to the permitted limit:and (b)anY Y _r.:: .,
<br /> • � Borrower. Lender may choosc to make this refund by reducing r!�e principal owed under th��pr�yme t without y �°°'-"°'s��'�'r'r"'s:.,,..:
<br /> � payment to Borrower. If a cefund reduces principal, ehe reduction will be �:zted as a P ,:��.: .:�
<br /> prepayment charge under the Note. ..� {'Y� ;
<br /> • 14.Notices.Any notice to Borrower provided for in this Security Instrumert shall be given 6y delivering it or by mailing ,��i}, _�-
<br /> Address . .,
<br /> � is by first class mail unless applicable taw requires use of another method.The notice shall be d�rected ta tt►e Property •, : _. ,:.;-;.;. ; --_
<br /> . . or any other address Borrower designates by notice to Lender. Any notice to Lender shall Fe given by first class mail to �;'��� � __
<br /> e
<br /> Lender's address stated herein or any other address Lender designates by nouc2 to Borrower.Any notice provided for in this �•�' . �__,_T,__ �,.
<br /> Security Instrument shall be dexmed to have been given to Borrower or l.ertdet�iiten given as provided in Ltis paragraph. •..� �„��� .- .
<br /> � � 1 5.G ove rn i n g Law; Severn69Uty. This Security Instrument shall be governed by federal law and the law of the �Y �� � —
<br />;;,,;.�,
<br /> jurisdictin:�in which the Property is loeated.in the event that any provision or clause of I's�men or th No e whic h�c.�c'.'te '"�"-" ``'''
<br /> � eonflicts with applipble Ilaw.such conflict shall not affect other psuvisions of this See�rity _ '��;.��;`__'�, �-.
<br /> , given effect without the con flicting provisian. To this end the provisions of this Sec�rity instrument and the Note aze declared -----
<br /> to be severable. :'
<br /> 16.gi�aotiver's Copy.Borrower shall be given one wnformed mpy of the Note and of this Security Instivment. ��Y � _
<br /> Form 3028 f1l90 �5,.�..��;�.,r ,,•f•..•,.. =..
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