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<br /> ' paymen4s may no longer bc requircd,at thc oppan of L.cndcr,if mortgagc insurnncc covcraqc(in thc amount and for thc period
<br /> i that Lcndcr rcquires)providcd by tin insurcr appr�vccl by Lendcr again becanes availablc and is obtained.Banawcr shall pay thc -�
<br /> premiums rec�uired to maintain mortgagc insurance in cffect,or w providc a loss reserve, until thc requircmcnt for mortgage�
<br /> ' insurance ends in accordance wnh any wriucn agreerncnt bctwccn Borrowcr and Lender or appticablc law. �
<br /> 9.Inspection. Lender or its agcnt may makc rcasanable entries upan and inspcctions of thc Property.Lendcr shall givc �
<br /> ' Bonower nouce at the ume of or prior to an inspecuon specifying reasonable cause for the inspecuon. � =
<br /> 10.Condemnation, Thc proceeds of any award or claim for damages, direct or consequential. in connecuon with any ` .. _
<br /> � condemnauon or other taking of any part af the Property,or for conveyance in lieu of condemnauon, are hereby assigned and �
<br /> ishall be paid to J..cndcr. ►� '
<br /> ! In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Instrument, � ,,�j r
<br /> � whcther or not then due,with any exccss paid to Borrowcr.In thc event of apartiel taking of thc Property in which thc fair market (Q .-a_,;;-__
<br /> value of thc Property immcdiately before the talcing is equal to or greater ihan ihe amount of thc sums securcd by this Securiry
<br /> InsVUment immediately bcforc thc taking,unless Borrower and I.ender dherwise agrec in writing, thc sums secured by this
<br /> Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fracpon:(a) the total amount of �;�,i..
<br /> the sums securcd immediately before the taking, divided by (b) the fair merkct valuc of the Property immcdiately bcforc thc -
<br /> taking.Any balance shall be paid to Bonawer.In the event of a partial taking of the Properry in which the fair market value of the
<br /> Property immediately before �he taking is less ihan thc amount af the sums securcd immcdiately before the taking, unless
<br /> Borrower and Lender othcrwisc agree in writing or unless applicable law otherwise providcs,thc proceecls shall be applicd to the
<br /> sums secured by this Sccurity Instrument whether or not the sums are then duc, _
<br /> If thc Property is abandoncd by Bonowcr,or if,aftcr no6cc;by Lcndcr to Borrowcr that thc condemnor offcrs to makc un .
<br /> award or scttic a claim for damages,Sorrowcr fails to respond to Lcndcr wi�hin 30 days aftcr thc datc thc naticc is givcn,Lcndcr
<br /> is authoriacd to coUcct and apply thc procccds,at its option.cithcr to ratitoratian or rcpair of thc Property or to thc sums rccured
<br /> �' by this Sccurity Inswmcnt,whcthcr or not thcn duc. •���-
<br /> Unlc�.s L.cndcr and aorrowcr othcrwisc egrcc in wridng,any applicution of procccds w principal shall nat cxtend or post{xmc
<br /> the duc datc of the mon�hly paymcnts referrcd w in paragraphs 1 and 2 or chanse the amount of such pnymcnts. t,
<br /> 11.Borrnwer Not Release�i; Forbearunce By Lender Not a Walver. Extension of thc time for payment or mtxliGcntion '�'
<br /> of amortii.adon of thc sums sccurcd by this Sccurity Inswmcnt grantcd by Lcndcr ta any succc�.sar in intcrest of Borrowcr sh�ll .:�•
<br /> not operatc to release thc liability oi the original Borrowcr or Borrowcr's succcssars in interesG Lcndcr shall not bc required to — { ,��:,
<br /> commence proceedings against any suceessor in intemst or refuse to ea�end ume for payment or othernlse modify amortizution of �°�!,'.
<br /> thc sums sccurcrl by this Security Instrumcnt by rcason of any dcmand madc by thc or�ginal Borrowcr or Bonowcr's succcssors <<�.,. `.�•;
<br /> ` 3 in lnterest Any forbcarancc by L.endcr in ezercising any right or remcdy shall not bc a waiver of or precludc the excrcise of any �:':
<br /> � right or rcmcdy. _� `
<br /> 12.Successors and Assigns Bound;Joint and Several Liability;Co•s(gnere. The covenants and agreements of this ,a � .
<br /> � Security Instrument shell bind and benefit the suaessors and assigns of Lender and Borrower,subject to the provisions of
<br /> � paragraph 17. Borrower's covenants and agrecments shall be joint and several. My Sorrower who co-signs this Security ":,rr
<br /> Instrumcnt but does not execute thc Note: (a) is w-signing this Security Instrument only w mongagc,grant and convcy that ��
<br /> Bottowcr's interest in thc Property under thc tcrms of this Sccurity Instrument;(b)is not personally obligatcd to pay thc sums ��;�
<br /> � secured by this Securiry Inswment;and(c)aArces that Lcnder and any other Borrower may agce�:to extend,modify,forbear or a
<br /> � make any accommodapons wi�h regard to Ihe terms of this Security Instrurnent or lhe Note without that Borrower's consenG '' �_
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subject w a law which sets meximum loan charges, -�`--•° —
<br /> • and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan �-��'
<br /> " exceed thc permitted limits, then: (a)any such loan charge shall bc reduced by the amount necessary to reduce the charge to the '�`.�;== --
<br /> '� permittcd limit;and(b)any sums already collcctcd from Bonowcr which caceedcd permitted limits will bc refunded to Borrower. `����`:-
<br /> ,,.-; Lender may choose 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 reducaon will be ueated as a partial prepayment without any prepayment charge —_— "—`�"
<br /> undcr the Notc. J:�- -,��,��
<br /> 14.Nottces. Any noticc to Borrowcr provided for in this Sccurity Instrumcnt shall bc given by dclivcring it or by mailing it ,•���"' � :
<br /> by first class mail unless applicable law requires use of another method. 'llie nopce shall be directed to the Properry Address or � �.
<br /> any other address Bonower designates by noqce to Lender. Any notice to Lender shall be given by first class mail to Lender's . ;..� :::�,�� ..
<br /> address statcd hercin or any oU�er address L.ender designates by notice to Borrower. Any notice provided for in this Sccurity .
<br /> Instrument shall bc deemcd to have bcen givcn w Borrowcr or Lcndcr when givcn as provided in this pucagraph,
<br /> 15.Governing Law;Severability. This Sccurity Instrument shali be governed by federal law and the law of the � '
<br /> jurisdiction in which the PropeRy is locatai. In the event that any provision or clause of this Security Insuument or the Note i ,
<br /> conflicts with applicable law,such contlict shall not affect other provisions of this Security Instrument or the Note which can be I
<br /> given effect without the conflicdng provision.To this end the provisions o(this Security Instrument and Ihe Note are declared to
<br /> � bc scvcrablc. �
<br /> i Form 3028 9i90 I
<br /> � �•8R(NE��e2+2�.0� Pagoaol8 imueh: I .
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