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<br /> �7" iQ�6�5 ; ; _ ��: : . �- -
<br /> paymenu may no longer be required,az the option of Lender,if mortgage insurance coverage(in the amount and for the period � � --t
<br /> that Lender req�ires)provided by an insvrer appmved by Lender again becomes available and'u obtained.Borrower shall pay the ' . . � .
<br /> premiurns requued to ma�intain mortgage insurance in effect,or to provide a loss reserve.until the requirement for mortgage E � . •
<br /> s msviance ends um accordance with any wriuen agreement between Bosrower and L.ender or applicable law. � _ `
<br /> ' � 9.Inspect�nn. Lender or iu ageut may make reasonable entries upon and inspec�ons of the Property.Lender shall give � • .
<br /> ` Boirov�er notice at the tune of or prior tn aa inspection specifying reasonuble cause for the inspe�6on. `' ,
<br /> sp
<br /> . 10.Condemnation. The proceeds of any award or claim for damages, di�eci or consequenrial>in connection with any � � _ -- ' -- _
<br /> _:�
<br /> . candemnarion or oiher�cmg of any part of the Propeaty,or for conveyance in lieu of condemnation,are hereby assigaed aad � �
<br /> shall be paid w Lender. � . . . �".
<br /> � In the evuu of a total talang of the Property,the proceeds shall be applied ro the sums secured by this Security Inslmment, � , .
<br /> whether or not thea due,wi�any excess paid to Borrower.In the event of a pareial tak�g of the Property in which the fa�market •
<br /> vzlue nf the Psoge:ty im*nedistely hefore the ina is e�up1 m or greater th�n the amount of the sums secured by this Security ,! . _ _ . .- .- . . . 't�:�c�.
<br /> • Instrument im�ediately before the taking,unless Borrower and Lender othervrise agrce u► writing> the sums s� by this `: ' ;;�:�.".,3�`� ' ", ;�:
<br /> , . •. .:T;:: '
<br /> • 5ec�uiiy Insuument shall 1ce r2duced by the amount of the proceESls mulriplied by the following fracGion:(a)ihe total amouat of z. � ''���;. � � �+�
<br />. [he sums seaued isuffi�iately before the taking, divided bY(b) the fair maa�cet value of the Property imrnediarely 6efore the t .,: . . ,
<br /> taking.Any balance shaD be paid w Botrower.In tlie event of a pazsial raking oF t�z Property in wlrich the fair market value of the " • .
<br /> _ Prapeaty �e.mediately before the talting is less t6an the amonn2 of t7�e sa�s secured immediately before the taking, unl�ss �. :. : , � , :-—
<br /> • Borrowea and I.ender otherwise agree in writing oz unless applicsble law oth�v�s:.provides,the proceEds st�all be applied to the ,• , . . � �
<br /> ` sums secured by this S�uzity Insuument w6ethea or not the snms are then duw � � : �` _ s..
<br /> . i If the Propeaty is abandoned by Boirowea,or if;atter no�ce by L.endea co�orrowea that the coademnor offers to make an ; , ," "' _;
<br /> ,1 award nr seule a cla�for damages,Bonower fails to respond w Lender within 30 days after the date the notice is given,Lender � '. � �.'_��-
<br /> � is auth4�{tn collect aud apply the proceEds,az its option,eiz�z�r t�restoration or repair of t�e P,ropexty or to the svms secured �:...:,,,z:;� . �
<br /> � by tt�is S�Ly�uumen�.whether oi aflt then due. , .��:, :: -,..��.
<br /> tttis ��ts`}` �.` ��•.
<br /> '� Unless Le�dea and Borrowe�othera+isc agree in a��ng,any application of proceeds w principal shall n�s extc�d or posq�one � ` �� :'�' ;�u.- _
<br /> s o � �,
<br /> °�• the due�e of the monthty payments ref�red tn in parag�aphs 1 and 2 or change she amount of such paym�ny. , . �.r'�;,, .-
<br /> 1 1L�a�zawer l�ioi Released;For6earance By Lender No3 a Waiver. Excension of the 6me for payment or modification f • r". � �•�r� .,` `=
<br /> of aicaz�,oa of ttie sums seciued by this Sec�rity Insrrumeat gi�nt;d by Lendea to any successar in iutraest of Bonower shall f . . ., 1�,, .�.
<br /> nat oper�^�e to release the liability of dte original Borrower or Boa�wea's sas�csars in uiterest I.ender shall noi be req�ired to ` � • . � = ;
<br /> commence pnoceedings against any suc�e§sor in uirPaest or refiue m extcnd rian for payme�t or otheawise modify amo�on of . : _.�. .� 'j,
<br /> . . �"
<br /> the sums seaued by t�is Sec�uity Instrumeat by reason of any dea�and made by the original Borrowea or Bonowea's s�ccessors . ' _ :;:�'`.:'
<br /> � �!i,..,:,{ ..
<br /> in in t e r e s t.A ny fo r b�c e by L e a dea in excacising any ri g ht or rzm e d y shall not be a waiver of or p r e cin de the eaentise of any .� . � ,i,. .:; =�� .
<br /> right or nernedy. . _ '�
<br /> � 1Z.Successors and Bonnd;Joint and Several LInlb ' ;Castgners.'Itie coveaaants and `
<br /> AsStgns i�tg a�eements of [his - :�';.:� , � -.
<br />, Secauiry Inswmea�t shaU bind and beaefit the suocessors and assi a r,�. � . ,-,���, T�.
<br /> gns of Lender and Boirow�. subjecx to the provisioas of �. . •-� �1 �!.:
<br /> Paragraph 17. Boaower's cuvenants and agreements shall he jaint and several. Any Borrowea who oo-signs this Seturity _,,r...._=;� . r•'.
<br /> Insuument but does not execute the Note: (a)is co-signin�this Seauity Insun�ment only to mortgage,grant and oonvey that � . • .�; ,;�
<br /> Borrower's iatcrest in the Fiopeaty under the terms of this S�y Instramen�(b)is not personally obligated tn pay t�e sums �� , i�' �=�
<br /> . sec�ued by this Sec�uity Instrumen�and(c)agmes tt�at Lender arad any other Bonower may agree to extend,modify.f��xar or ,. ,,.,:,;,....,, u �'
<br />. malce aay accommadasions with rc urity Insorument or the Note a+ithout that Bonower's consent •-, �`.". -`�--
<br /> gard ro the terms of tdis Sec �.. .-._
<br /> :�"�' , .��.:
<br /> 13.Lvan Charges. If the loan seaued by thiq Sec�uity Ins�uaent is subject to a law which setv maximum loan charges, �;-
<br /> --��_.-,
<br /> and tLai law is flnally mteapreted so thai the int�est or ather loan chargcs wllected or to be cbllected in conneqion aith the loan , . ;• .,,�,�''-
<br /> • exceed the genniued limits.then:(a)any such loan charge shall be reduced by the amount neccssary tn ceduce the charge tn the ,�:`"••,
<br /> pamitted limit;and(b)any sums already collected from Horrower which eaceeded pemuttcd l�its will be refunded w Be�wer. •.;�A=;�' �;� - -
<br /> Lender may choose to make this refund by reducing ths principal owed undea the Noie or by malcmg a d'aect pa}�at to � .�:t;.:,�.-._ y,_':--�_
<br /> �` Bo:mwer. If a refund reduces pm�cipal,the reduct�on will be treated as a partial prepayment witriout anY P�Yment charge ..-:���:-.•'"--''"
<br /> ar a .�;,,
<br /> •j under ihe Note. .���r c�. "�'-
<br /> :• ;.� ..��,
<br /> lA.Notices. M notice to Borrower rovided for in this Secari Instrument shall be ven b deliv it or b mailin it -''-- " ��
<br /> ; Y P �Y 8i Y �� Y 8 :;;s�.:-
<br /> :. � by Srst class raail unless . � ,�",;Y -�. ," '''� `
<br /> aDDlicable law requues use of another method'Ihe narice shall be direcred to the Property Address or ..�..�„_,"��:
<br /> any other address Bomueves designates by notice to Lender.Any notice tn Lender shall be�ven by fust class mail to Lended's �.�''�-' .
<br /> j address s�tated he►�.in or any othea address Lender designates by notice tn Bomower. Any notice provided for in this Security � _ . '.��.. . ---
<br /> � Instrument shall be deemed w have been given to Boaower or Lended when given as provided m this paragraph. °'- "-
<br /> l5.Coveroin l.aw.Severnbilit . Thig Securi Insuument shall be . • . � . i"�'
<br /> g 9 ty gov�ned by fedeaal law and the law of the . _
<br /> jurisdiction in which the Propaty is located.In the event that any provision oz clause of tlris Security Insmument or the Note � � ... . .
<br /> coniticts with applicable law.such conflict shall nat affect oth�provisions of this Securiry I��s�ument or the Note which can be � � ■ •
<br />� • given effect withaut the confliaing provision.To this end the provisions of this Security Insanur►ent and ths Note are deciared w . :.'"'"'`""'"`" "� '�`'`�
<br /> ,.,�,:.:�.
<br /> ' be severable. '�
<br /> ; �'�.�.:�.•-
<br /> ,'f;`'
<br /> Form 9028 9190 �
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