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<br /> paymen�v may na lon�cr bc rcquired,at thc aption of L.cndcr,if mortgagc insurancc c�vcrugc(in �c�anaunt und ar�v period l .�-
<br /> that Lcndcr rcquires)providc�i by an insurcr npprovcd by Lcndcr a�ain bccamcs avuilablc Arid is obtnined.Borrowcr shall puy thc ._
<br /> Iprcmlums rcquircd ta mulnwin mortgagc insurancc in cf(�xt,or to pravidc a losa rescrvc, unal thc requiremcnt far mongogc I ;.
<br /> � insurnnco cnds in uccordunc�wiAi any writtcn agrccmcnt bctwccn 9arrawcr su►d I.cnder or applicublc law. f =_
<br /> � 9.Inspection. Lcndcr or i4v ugcnt mny makc rcasonablc entrics upon and inspcctiona uf tl►c Froperty. I.cndcr shall givc �
<br /> � 9orrawcr noUcc ut ihc dmc of ar prior to an inspccUon spccifying rcasonablc causc for thc inspection. ,�
<br /> 1 10.Condemnation. Thc procccds af any awerd or clalm for damages. d'ucct or consequcntial,in connccqon with uny . —
<br /> � condcmnadon or othcr taking of Any pan of thc Propeny,or(or convcyance in licu of condcmnaqan,ara hcrcby assigncd and : ,;
<br /> � shall bc paid to Lcndcr. • �-
<br /> I In the event of a Wtal talcing af the Property.Ihe proceecis shall be applied to the sums secured by this Security Insuument, '' '� .
<br /> r•_.v:;F,.�st^
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<br /> whethcr or not then due,with any exccss paid to Barowcr.In tlte evcnt of a paztial takir►g of thc Propeny in which thc fair markct , .;,?.�,,,__ s.,��
<br /> I �valuc af the Property immediately bcfore thc laking is cqual W or greater than the amount of the sums scc:ured by this Security .'o"�;:�nr__
<br /> � Instrumcnt immediately bcfore the taking, unless Borrowcr and Lender othcrwisc agrce in wridng. thc sums sccurcd by this
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<br /> Security Insaument shall be reduced by ihe amount of the proceeds muldplicd by the following fraction�(a)thc total amount of
<br /> the sums secured immediatelY beforc thc taking.dividcd by(6) thc fair market value of thc Praperty immediately before the ������-
<br /> taking.My balasice shall be paid to Borrower.In the evcnt of a partiel taking of the Property in which thc fair mnrket value of the .,.i.py:��
<br /> Property immediately beforc thc taking is le.s.4 then thc amount of the sums secured immediatcly bcfore the talcing, unless ,
<br /> Borrowcr and Lcnder otherwlsc agrec fn writinS or unless applicablc law othenvise providcs,the proceeds shaU be apPlled co the � : .. :
<br /> sums secured by this Securiry Instrument whether a not the sums are then due. ',�;�.'.i�..�
<br /> If the Praperty is abandoned by Bonower,ar if, atler notice by L.ender to Bonower that the condemnor offers to make an _: _
<br /> award or seulc a claim for demagcs,Boaower fails to respond to I.ender within 30 days aftcr thc date ihe nodcc is given,Lender =���
<br /> is authorized to collect and apply the proceeds�at its op6on,eiU�er w restoradon or repair of the Property or to the sums socured ���''_
<br /> � by this Securiry Instrument,whether or not then due. w�i_
<br /> Unless Lender and Bonower otherwise agree in writing,any applicadon of proccxds to principal sheU not extend or postpone �'�` ���
<br /> % the duc d ate o f t he mon t h ly paymen t s r e f e n e d t o i n p a r a g r a p h s 1 a n d 2 o r chen ge the amount of such pa yments. .' �'+�
<br /> 11.Borro�yer Not Released;ForbearAnce By Lender Not st Waiver. Extension of the dme for paymcnt or malification
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<br /> of amortizauon of the sums s:cured by this Securiry Inslrument granted by I.ender to any successor in interest of Boaower shall •t.�
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<br /> - �QS Q��r��r.�r_.th�liahility of the original Borrower or Borrower's successors in interes�Lcnder shaU not be requirecl to � �,:,z.:,.
<br /> � commence proceedings against eny successor in interest or refuse to extend dme for payment or otherwise modify amortiza6on of ' ��
<br /> the sums secured by this Security Instrument by mason of any demand made by the original Borrower or Boaower's successors '. ���;-
<br /> � in Interes�Any forbearance by Lender in cxercising any right or remedy shall not be a waiver of or preclude the exercise of any a_t.
<br /> right or remedy. �'�x`��
<br /> 12.Successors and Assigns Bound;Joint and Severel Liubility; Casigners. The covenants and agreements of this �,�,^
<br /> Securiry Instr�ment shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of � _- _�
<br /> paragraph 17. Borrower's covenants and agreements shall be jc�int and several. Any Borrower who co-signs this Securiry .,<' =�":-
<br /> Instrument but does not execute the Note: (a) is co-signing�his Securlty Instrument only to mortgagc, grant and convey that _
<br /> Borrowcr's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums �
<br /> secured by this Security Instrument;and(c)agrees that Lend�r and any otl�er Bonower may agree to cxtend,modify,forbear or
<br /> • make any accommodadons with regard to the terrnsof ihis Security Instrument or the Note without that Borrower's consent ,,..�
<br /> `� 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan cherges,
<br /> and that law is finally interpreted so that the intetest or other ban chacges colleceed or to be collected in connecdon with thc loan
<br /> excced the permitted limits,then: (a)anY sueh loan charge shall be reduced by the amount necessary to reduce the charge to the
<br /> permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits wiU be refundcd to Borrower. �,�_-�
<br /> Lender may chaose to make this refund by reducing the principal owed under the Note or by making a direct payment to -- �
<br /> Borrower. If a refund reduces principal,the reducdon will be treateci as a partial prepayment without any prepayment charge Y����,Y
<br /> undcr ihc Note. _.__
<br /> 14.Notices. Any nouce to Borrower providcd for in this Security Instrument shall bc given by deGvering it or by mailing it � _ ,
<br /> by fust cless mail unless applicable law rcyuires use of anothcr mcthod.71►e notice shall be d'ucttcd w the Property Address or �-��-
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<br /> any other address Bonowcr designatrs by nodcc to L cn dcr.Any no t ice t o L e n d c r s h a l l b e g i v e n b y f i r s t c l a s s m a i l t o L e n d e r's •�_.i���� :'
<br /> address stated hcrcin or any other address Lender designates by nodce co Borrower. My notice pmvided for in Ihis Securiry ' p,��.
<br /> Instrument shall be deemed to have becn given to Borrowcr or Lender whcn givcn as provided in this pacagraph. ' ..;. -�µ_�%:;�`
<br /> � 15.Governing Law;Severabiltty. This Securiry Inswmcnt shall be govemed by federal law and thc Iaw of the �.�,��.:
<br /> jurisdiction in which the Property is located. In�he event that any provision or clause of this Securiry Instrument or the Note ... :-:�'"`�
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<br /> . conflicts with applicable law,such conflict shall not affect other provisions of this Security Insuument or the Notr,which can be
<br /> i �ivcn cffcct without thc conflicdng provision.To U�is cnd thc provisions of this Sccurity Insirument and the Note are dcclarcd to
<br /> be severablc.
<br />" I • Form 3028 9I90 I
<br /> IQ��•8R(NE)tez+z�.o+ P�pe 4 ot 8 inn�ais: i
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