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<br /> .� paymrn:.mny no Inngcr bc rcyuired,at the option of l.cndcr, if mungagc in,uranrc c��vcr.►Ec�in thc amuunt and fur thc penad ( , ; �*-
<br /> th�t L.endcr requims)proeided by an insuree appruvcd by Lcndcr aFam becomc,availaMc anJ i.ubwined. Busruwer�h•rl! pay � ;
<br /> '� the premium.nquired to maintain mortga�r insorsnte m et'fec�t,i�r u�provide a lu,+r�hervr, until thc r�quirement for mi�rtgage �..� _
<br /> � ie�tiurance endti in accordance wnh any tivritten agreement hetween Borrower:uid Lender or applic�hle l•rw. � °�°��`� "'• - --
<br /> . ���.._
<br />- � 9. Ittspettion. Lender or its agent may make rea.tionable entries upan and intipectionn uf the Prnperty. Ixnder�hall give , ���.a.-=:_
<br /> � Barrower notiee at the time of or prior to an inspeccion speciEying rrs�unabte cause for the inspection. __ __- _ - -- _-
<br /> � 10. Condemnation. The proceeds uf any award or claim for damages. direc[ or consequenaal. in connection with any • ;'r .
<br /> . •i � ' . ..
<br /> condemnation or other taking of any pan uf the Property. ur for conveyance in lieu of condemnation.are hereby assigned and
<br /> " shall be paid to Lender. � � ' ,. '..
<br /> ��� In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Instrument, � �_f•:.�•.- • . . '"'•'� �
<br /> . s �+- " •
<br /> whether or not then due, with any excess paid to Borcower. tn the event of a partial taking of the Property in which the fair ',s,'` . , .;.,y:,�,,,,; _`
<br /> �' market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this _.i�,�,.-_--�-=- _�
<br /> 4_•��Y�S.'_
<br /> ' Securiry Instrurnent immediately before the taking.unless Borrower and Lender otherwise agree in writing,the sums secured by _T�,.,,,�.,........,�
<br /> �.� �' •.:<��:�;=�_-
<br /> this Security Insh�ument sh.all be reduced by the amouni of the proceeds multiplied by the following f[actian: (a) Ihe total .,r;;�.,,.-=
<br /> ��1�
<br /> amount of the suuu secured immediately before the taking, divided by(b)the fair market value of the Property immediately �.�� ,,�.,���_
<br /> •� before the takina. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair ��, �--,�
<br /> ��:Y,��:h�k�it..s�.�u•^
<br /> ' �arket valae of the Property immediately before the taking is less than the amount of the sums secured immediately before the .,�;,:n-�-:,,- ��..,�
<br />. ��, f'i tatdng.unless�osrnu�:r and Lea�.+er otherwise a�ree in wriring or unless zr^licable law otherwise rovides, the ro�ds shall '.,•1'`� .'• *�'�-•�'
<br /> P P 5,t�aa. •.���-
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<br /> be�,6�,r,;��tfl�h�.,�;;�,-�;re�'�,�e,z's 5ecurity Instrument wh�er or not�ia�ums are�h�.due. � '"'4''4"E"!��_.
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<br /> - 1f:h:t's�;��is abando_rvt3 fiy Borrower,or if,after noux b l.ender to Borror+er�.`�at the condemnor offers to make an 'Z;�'�° . : :.
<br /> ,_� � �.
<br /> ` awarn�r sett+.e�cl�m for damages, Borrow�er ails to cesoc�nd to Lender within 30 aays after the date the notice is given. �'� � «�i�,,,,�„�
<br /> � � Lender is au�arizad 7o callect and apply the�ro�ds,at its oaeion, either to restoration or repair of[.he'Properry or to ehe suins ,,. „� ,s,,,�, �'
<br /> �y. ��»��'� ,�
<br /> :.;�; secured�y this Secu.-ity Instrument,whether o-no:then due. _ ~�� f�•x-� _=
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<br /> Unless Lender and Borrower otherwise agree in wr�r�, any applicauon of proceeds to principal shall not extend or . ,. ,�,. '"'� :'%�T
<br /> past�ene ihe due date of the monthly payments referred to i7�-agraphs 1 and 2 or change the amount o f suc h paymen ts. ;,�tr.�,�*�,-•;4;,�'.., .a�����''�;�
<br /> ,��`tt•��: llti.�ora�Rer'.Vot Released;Forbeara..^.TS.:3 Lender\oY a Wal�er.Extension of the time for payment or modification .t,�`}�'�; r�,,f.'. :�•. ., '�.;
<br /> y �;:�'�r:�`��� ,t � , . .
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<br /> �.;� of amortizatien a�='�:ssms secured by this��r.y Instrument granted b3�I,en�er�o any successor in interest of Borrower shaU ;.;,y�t��,�.'.�;i'`;;;,''�; ' ; ,
<br /> � t. not operate to��e z4e liabiliry of the ori�.:a�orrower or Borrower's s:::.:,�sors in interest. Lender shall not be required W ���'�"��•' ;{';�3it�,���!:.. :'
<br /> ;�:�:
<br /> - , commence procexdir.;s against any successor in interest or re f use to ex tend time for p a y menc or o t herwise ma di f y amo r t i z.a t i o n yt1�.4'•E:.' � ' %%�'s?-` .'=`
<br /> ,f�•.r � ^�c:�r=�.°.:�rs�-: ',.•
<br /> of the sums secured by this Securiry Instrument by reason of any demand made by the original Barrower or Borrower's %.`��, ;'�. °, " ` _
<br /> .:t.,,. �:
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<br /> successors in interest. Any forbearance by l.ender in exercising any right or remedy shall not be a waiver of or preclude the �,.�,��:
<br /> ..S - :
<br /> exercise of any rig6t or remedy. � ` �`?
<br /> �'..:��:
<br /> • ' lE. Succcssors and Asslgns Bound; Joint and Several Liabillty; Co-s9gners. The covenanu and agreemenu of this ��-5s,� ,. .
<br /> � . . Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of �`` •� � '�'",;,•-
<br /> ���,-.+- �..
<br /> ' paragraph 17. Borrower's covenanu and agreemenu shall be joint and several. Any Borrower who co-sigcts this Security � y�;.,�:�;,
<br /> �� Instrument but does not execute the Note: (a) is co-signing this Securiry Instniment only to mortgage.grant and wnvey that � -��.
<br /> • � � Borrower's interest in the Propeny under the terms of this Securiry Instrument; (b)is not personally obligated to pay the sums ���,;_--
<br /> .:�':.,.;::-..:,
<br /> secured by this Secunty Instrument:and(c>agrees that Lender and any other Barrower may agree to extend.modify.forbear or _
<br /> � make any accommadations with regard ta the terms of this Security Instrument or the Note without that Borrower's co�sent. r,,�=''�,.-�,•
<br /> 13.Loan Chaiges.If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan charges. _ r,r�_a; -
<br /> ��.� and that law is finaUy interpreted so that the interest or other loan charges collected or to be collected in connection with the - _.
<br /> ` � �" loan exceed the permitted limiu.then: (a)any such loan charge shall be reduced by the xmount necessary to reduce the charge - - _ _ _...
<br /> �' to the permitted limit:and(b)any sums already collected from Borrower which exceede�permitted limits wi11 be refunded to J� _>
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by maldng a direct -_�
<br /> � ;' payment to Borrower. If a refund reduces principal, the reduction will be ueated as a partial prepayment without any �`"k�'�-`
<br /> �;, prepayment charge under the Note. `-
<br /> .,.�• 14.Notices.Any rmtice to Bonower provided for in this Security Instrument shall be given by deiivering it or by mHiling �_—_ _�
<br /> ' it by 6rst class mail unless applicable law�requires use of another method.The notice shall be directed to the Property Address — � _
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mai! to :,.�„��,���
<br /> Lender's address stated herein or any other address Lender designates by notice[o Borrower. Any notice provided for in this �p���•-..�. _
<br /> . Security Instrnment shall be dcemed to have been given to Borrower or Lender when given as provided in this paraaraph. �...R�.
<br /> ' 15.Governing Law; Severability. This Security Instrument shall be govemed by federal law and the law of the � ..Y:F. •,,.. _
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note -.y �;_;.;,,.__
<br /> conflicts with applicable 1aw.such conflict shall not affect other provisions of this Security Instntment or the Note which can be L
<br /> : , given effect without the contlicting provision. To this end the provisions of this Security Instrument and the Note are declared -,-,s-,-,��
<br /> to 6e severable. � '��"�
<br /> � 16.Borrower's Copy. Borrower shal!be given one rnnformed capy of the Note and of this Security Instrument. �.'�;'•s�:., - �..,-- --
<br /> Form 3028 9190 ��'� " •^� �= ���
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