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<br /> � payments m�y no longer be requirod.at the option of Lenda.if mortgage insuranc$covera8e ►n e amaunt and for thc period • . _
<br /> that L.cndcr rcquires)Pmvided by an ins�urer approvcd by I.ender again becomes availablc and is obtained.Bormwcr shall pay the . �.
<br /> premiums required to rnaintain mortgage insurance in effect, or to provide a loss reserve,ientil the requirement for mortgage , � , _�._�_
<br /> insurance ends in accordance with any wriucn agreement between Berrower and Lender or applicable taw. ----
<br /> 9.4nspPCttoa. Lcnder or its agent may make reasonable entries upon ar�d inspections of the Property. Lender shall give � • . " .�
<br /> Bonower notice at the time of or priar tn�n inspection specifying reasonable cause for the inspection. � �_
<br /> 10.Condemnatioa. 'Ihe proczeds of any award or claim for damages, direct or cansequential, in connection with any : •-
<br /> condemnation or other taking of any pazt of the Froperty,or for conveyance in lieu of condemnarion,are hereby assigned and � � - - _
<br /> s2u�ll be paid to L,ender. + 4� �
<br /> Ie�the event of a tntal ta�ng of the Propesty,the proce2ds shall be applied w the sums sec�ued by this Security Instr�menb , . . �".�;'
<br /> whether or not then due,with any eacoess paid tn Bormwer.In the event of a paitial taking of the Propaty in which the fair market � . • � ._�`'�'^��°� -
<br /> value of the Property iminadiatelY before the taking is equal to ar gieater than the amflunt of the sums secured by this Security � ...� . :���,�,4�
<br /> Insmtment immediately before tha taYing, unless Borrower and Lender otherwise agree in writing, ths sums secured by this � ,,. `, • °-�_ -
<br /> Seauity Inswment shall be reduced by the amount af th�proceeds m�ltiplied by the following fiacpnn:(a)the tntal amaunt of f • _;.:_��_--._--
<br /> the snms seaued immediately before the taking, divided by(b) the fair macket value of the Property immediately before the � ���=•_,._-,�::
<br /> tak�g.Any balance shall be paid to Borrower.In the event of a pa�tial taking of the Property in which the fair markei value of the � '�"'`- ,
<br /> Property immediaiely before the taking is less than the amount of the sums se�ured immediatety before the taking. unless � : ��'-
<br /> Bor,cawer and Lender otherwise agree in wriring or unless applicable law otheaavise provides.the praceeds shall be applied to the � • , , �.�,_.
<br /> sums secvred by this Security In.gtrument whether or not the sams are then due. • :r.>;�•• �_
<br /> If the Pcopeny is abandoned b�:Borrower,or if,after notice by Lender to Borro Ner that the condemnor offers to make an .�,::tr;fR+•.' ��;`�'
<br /> _��-..-.
<br /> award ar settle a claim for damag�3orrowea fa�7s to respond tn L.endrr within 3 0 d ays a ft e�t he d a t e t he aa t ice is giv e n.L.e n d r a r ;;�F,'�:,'_L_.,,��:s
<br /> i�authorized to collect and apply c�e proceeds,at its option,eithe,r W reswtation or repa'v of the Property or to the sums secured ,,��•;
<br /> � by this Secutity Instrument,whe�or not then d�ce. : :�. 7, - .�`���:.'
<br /> .� • Unlcss I.euder and Borro�rer�wise agree in writing,anY aPPlicatioa of proceeds to principal shall not extend or t*osqwne : • . -.
<br /> the due dai�of the montn3y pay��refe:red w in para�aphs 1 and 2 or chznge the amount of such payments. _�_ �:
<br /> 11.Borrower Nei ReleasPd;l�arbearance By Leader Not a Waiver. Exteasion of the time for payrueni or�on . ' -�,-,.��- .�,�., ;
<br /> of amortizatian of t��s�ns sxured hy this Security Instr�ment gcanted by Lender ro any suocessor in interest af Bonower shall ._.,,.,� ,.�::
<br /> not operate w relea�the liab'Liry of the ariginal Borrower or Borrower's successors in int�zst.Lender shall not be required to �. �' L��?.. '
<br /> cotn��ce proce�din8s a8ainst a���:ccessor in inteaest or�ss to extend tune far payment or othenvise�nodify amm�ation of ' y°''�':� �
<br /> the smro�s sec�ued by this Secusiig-Fnsaument by reason of aa�demand made by the origi�1 Bo:rower or Borrower's s�ocessars .y ,� �1 '
<br /> in interes2 Any farbearance by Lesider in exercising any rig6t or remedy shall not be a w2i��.s of or preclade 1he exe�of any '� "' ��!� '_�
<br /> � , rigdt or remedy. ..�}�!(
<br /> � i'z;,: ` .•t�.�:�;
<br /> 12.Snccessass a�ri Assigns B:,and;Joan7�Several t iab�7lty;Casigners. 3he coven�ts �d agceemenis of this �:`���,: 4'� � 'r?�,-
<br /> %�, � y4,.
<br /> ' S r,c u r i ty T n s tr u m e n t s h a ll b i n d s a+d b e n e fi t t h e s u c c e s s o r s an d a s s i�n s o f l�e n d e r a n d B�.-rawer. sub jace to the pmvzsions of .,' 41`,:�'. -�.:p�1`'�"A 5�
<br /> F a�a�a Ph 17. Bonowea's co���s and agre�nents st1a11 f++e joint and seve�al. Any Borrower who co-signs �s Security •.�;F , . '°�'�,�:�,:�,
<br /> E 1.
<br /> .,.,, • �,,...��.. �yt,:l,,.,_ _
<br /> � instrument but daes not eaecute tye Note: (a)is co-signing tlris Security Insuument only to mortgage,granc and oo:1'yY that %�
<br /> Botrowes's intPaest in the Pmperty undea the tearns of this Seanriry InsKnunen�(b)is not personally obli�;rd w p..=;r�t sums ���'�'-
<br /> te ns ' -
<br /> �;;�-—
<br /> sec�ed by this Scxaaity Instr�menx and(c)agrees that Lender and any othea Borrowea may agne to��.mod:��`y.�'�bear or ,,: _�.,,r t,:.;t�:;. --
<br /> make any accommodations with regard w the tem�s of this Security Instrument or the Note without tGat Bara er's c��:t .���" ;:`%�;°�"�,.. :^.
<br /> 13.Loan C6suges. If the loan sec�red b this Securiry Instrumea�t is su b'ect to a l aw w h ich sets maximum tcaa:har g e s. ''»"�"�•"'��_- ---.
<br /> y 1 �%<K,�., .� _�-=--�-• .
<br /> � , �.�...
<br /> and Urat law is finalIy interpreted so that the interest or oiher loan c h a rges ca U e c t e d or w b e co l l e c t e d in conn e c t i o n w i t h t h e l o a n .,•,,��::�. �_�. ���-,,..
<br /> exceed the pem�iued�t:mits,then:(a)any such loan charge shall be mduced by the amount necessary tm��uce the charge[n the �`;4� : '
<br /> u •. '°..•
<br />� pamitted limit;and G,��any sums already coll�from Barrower which eaceeded petmitted limits will I�,:*�efnndod w Borrower. '�' _: m
<br /> , ::���;__..�,;,�,.
<br /> Le,nder may choose to make this refund by r�vcing the praicipal owed under the Note or by mal�g a direct payment to ��'•�,g;..�. �'�"'"°�-
<br /> Borrow�. If a refund redaces grincipal,the reduction will be treated as a partial prepayment without any prepayment charge , '.��?�}�'�_
<br /> under the Note. ��f��`L:y: --
<br /> 14.Notises. Any notice w Borrowea provided for in this Sea�rity Instrument shall be given by delivering it ar by mailing it �;:�
<br /> by frrst class mail u��s applicable law requires use of anothea methad.'t�e norice shall be directed to tke Propeaty Address or � ,:�'�„�.4.'.,.�''�� , �''-
<br /> � • ^��x•.;.'. ,._.
<br />� any other addmss Banower dPS�tes by notice to Lender.Any notice to Y.ender shall be given by fust class raail to Lender's � :`�`"�''`-'�'^=��p
<br /> address stated heaein or any oL'�er address Lender designates b norice to Borrower. �� noace ovided for in dei�Securi � �'''--��''������ `�
<br /> y Y Pr LY ::,x�•::•- . ��� .
<br /> Instrument shaU be deemed w have been glven w Borrower or Lender when given as pm1:�°,d in tdis para�aph. ��::;':.� : ,
<br /> .:;,i�t_.:,.: :. :. ,
<br /> IS.Goveroing Law;Severe6it3Sy. This Security Instnunent shall be govemed by federal law and the iaw of the � :•'`;,_:.;L�;;.,���;;, . •
<br /> jurisdicti�on in which the Property is located.1n the event that any provision or clause of this Sea:r�.r� :�trument or the Note .. ,::,:�x��.t�•, .
<br /> confl�icts wlth applicabte law.such conflict sh:�.T.�r_�i affea other provisions of this Securiry Instrumes:o:*.�e NotE wAich can he �� �•�>�±�;'� . -
<br /> � � giv�c-�t'ect without the wntlict�,�provision.To�his end ahe provisions of this Security lnstrument and the Note�:�:�:t`ared w ,•;;��':;,•,'�;'�'"`.-�'`"-`--`=
<br /> be��:�able. ��i,-%`' �. � • ,
<br /> � Form 3028 9/9a � .
<br />• �,G�;��l:�'�,.�i Pape�of 8 Initltle: � . . � .
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