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<br /> puyntcnts muy no limgcn c�rcyuircd,at thc optiun nt'LAnacr. if mortgugc insurunce ruvcra�r(in thc umuunt and fur thc{xriod _
<br /> .. thut Lcndcr rcyuirc�) pruvided hy an insurcr apprnveJ hy l.cndcr ug��in bccumcs av.tilable and is obtaiixd. Burrowcr shall pay . .
<br /> the premium.rcquired ta muintuin mortgu�*c insuranrc in effect,ur to prnvide u los,rexcrvc.until th�rcyuirement fiir me�rtgugc � ;.,,1,,y,�;,
<br /> intiur,mrc rnd+in acr��rdanrc with uny writtcn uErcemci7t hctwcen Borrowcr anJ I.�ndcr ur applicahle law. � � �� '
<br /> `.' 9. Inspeetion. I.ender or itti agent may muke reu+onuble entries upun and inspccticm�uf the 1'rup�rly. L�uJ�r sh:+ll �i�•c� . -..
<br /> � . .�i;�_�`�,:�:�
<br /> :�,.,,,,,,,�- Borrower nutice ut the time of or pri��r to un intipectiun�pecifying reasunuble causc ft�r the in+pecti�m. �.t �,,,
<br /> ,,,,;..� 10. Condemnati��n. Thc pmceed,uf any uwurd or rluim fnr damages, dircet or cc�nsequcntiul, in runnection with un�ri „__q_x��.:.�..
<br /> condcmnatiun ur odicr taking of uny pan of thc Property, or For ccmvcyuncc in licu of condemnution. ar� hcrchy ussigncd an� r.�� �
<br /> shall bc paid to [.cndcr.
<br />- In the event af u totul taking af the Propcny,thc prorccds shull be applied to the sums scc:ured hy this Sccurity lnstrumenl;"� �i;,9_ j
<br /> • whethcr ur not then duc, with any cxccss paid to Sorrower. In thc evern uf u purtiul tuking of the Property in which the f'a� •_ �
<br /> • markct value of the Propeny immediatcly before thc taking is eyuul ta or greatcr than the am��unt of thc sums secured by th'� .i�_
<br /> Sccuriry Instrumcnt immediutely before thc taking,unless Barrower und l.ender otherwise ugrcc in writing, thc sums sccured by ;'�__.
<br /> this Security Instrument shaU be reduced by the amaunt of the proceeds multiplieci by the follc�wing fraction: (a) the totul
<br /> �. amount of the sums securcd immediately before the taking, divided by (b) the fair market valuc i�f the Prnperty immediately
<br /> �;. bcfare the taking. Any balancc shall he paid to Borrower. In the evcnt of a partial taking of the Property in which the fair .-�
<br /> markct vulu� ��l' '�e Prop� ty imm� iia�•ly bcfe�re the taking is Iccs thnn the amount of the sums sccured immediatcly before the `
<br /> � taking, unless Borrower anJ L.endc� uu��rwise..•rec in writing or unless upplicable law otherwise pro�ides, the proceeds shall '-
<br /> �s red b this Sccurit Instrument whether or not the sums are then due. �'�L'
<br /> ,, he applied to the sum� ecu y Y
<br /> If the Property is ubandoned by Barcower,or if.aftcr notice by Lxnder ti�Barrowcr that the condcmnor offers to make an +
<br /> �� � awurd or seule a duim for damugc�, Borrowcr fails to respand to Lender within 30 days after thc date the noticc is given, _'�'
<br /> Lender is uuthorited tu cullect und upply the procecds,at its option, either to restoration or repuir of the Property or to the sums
<br /> .�=--
<br /> secured by this Securiry Instrumcnt,whether or not thcn due. -_ _
<br /> Unless I.ender and Borrower otherwise agree in writing, any upplicution of prnceeds to principul shall not extend or ._
<br /> � postpanc the due date of the monthly payments referred to in purugraphs 1 and 2 or chungc the amount of xuch payments. _---
<br /> 11.Rorrower Not Relensed:Forbearance By I.ender Nut a Waiver. Extcnsion of thc timc for payment or modification
<br /> of amortization of the sums secured by this Securiry Instrument granted by I..ender to any successor in interest of Borrower shnll
<br /> - -"' ' '='�,' nui upctdtc i:� r�lca;:.ih�liaEilit, i�f ihe orioinal B�rmwer or Bormwer's succcssors in interest, 1.cnder shull not bc rcquircd to
<br /> commence proceedings against any successar in interest or refuse to extend time for payment or otherwise modify amortization
<br /> of thc sums secured hy this Security [nstrument by reason of any demand mudc by the original Borrower or Borrowcr's
<br /> succcssors in interest. Any farbearuncc by I..cndcr in exercising any right or remedy shall not be a waivcr of or precludc the
<br /> exercise of any right or remedy. �
<br /> 12. Successors and Assigns Baund;.loint and Several Liabiltty; Cu-si�ners. The covcnants und agreements of this
<br /> ` Securiry Instrument shaU bind .jnd henefit the successors and assignti of L.ender und Borrower, subjcct to the provisions of
<br /> paragraph 17. Borrower's covcnants and agrecments shall bc joint und scversl. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, srant and convey that
<br /> Borrower's interest in thc Property under thc tcrms of this Security Instrument; (b) is not personally obligated to pay the sums _
<br /> secureci by this Security lnstrument:anJ (c)agrees that Lender und any other Borrower may ugree to extend,modify,forbear or
<br /> • make uny acmmmodations with rcgard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> - 13. l.aan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan eharges.
<br /> and that luw is finaUy interpreted tio thut the interest or other loan chlrFes collected or to be collected in connection with the
<br /> . loan exceed the permitteci limits, then: (a)any such loun charge shull be reduced by the amount necessary to reduce the eharge `
<br /> '� �' to the permitteci limit: and (b)any sums alreudy collected fram Borrower which exeeedeJ perniitted limits will be refunded to _
<br /> • ` Borrowcr. I.cnJer muy choosc to makc this refund by reducing thc principal owcd undcr thc Notc or by making a dircct -
<br /> - pay►nent to Borcowcr. If a refund reJucex prinripal, thc rcduction will be trcateci as a partial prcpxymcnt without any _
<br />_ prcpayment chargc undcr thc Notc. �_
<br />- �. 14.Notices.Any notirc ti�B��rrowcr pruvidcd for in this Scc:urity Instrumcnt shall bc givcn by dclivcriiig it or by mailing _.
<br /> - it by tirst class mail unlesr applirablc law rcquires usc<�f another methc�d. The notice shull bc dirccted tu thc Property Address �__
<br /> ' or any c�ther .iddretis Borrc�wer de+ignut��� hy notire to l.ender. Any notice to LenJer zhall be given by first class mail to --------
<br /> Lender's address�tated herrin ur any other addmss l.ender designates by nutice to Borrower. Any notice provided for in this s
<br /> Sccurity Instrument shall bc Jccmcd to ha��c hccn ei��cn tu Burrawcr or Lcndcr whcn givcn as providcd in this parugruph. °:,��_.`!
<br /> 15.Govcrn[n�; l.a�r: tieverubility. Thi� Securiry Instrumcnt shaU bc govcrncJ by fcdcral law anJ thc !aw of the :W_��.
<br /> •z�= -
<br />_ jurisdictiun in which thc Pr��perty is lorated. In the cvcnt that any provision or rlause of this Scruriiy instrument ur the Note _�_,
<br /> � contlirts with applirablc law�,.urh rimtlirt shall not affcct othcr provizions of thi�Security Instrumcntnr thc Notc which ran bc :%�i�"�-"`�_v
<br /> givr.n effect withc�ut thr runflicting provi,ion. Tu thix rntl the provitiions ot'Ihis Scrurity Imtrument and the Note arc declared �;��;.
<br /> - tu hc.rcverablc. : .
<br /> 16.�3orruwer's C��py. liorrowrr tihall hc given onr runlirrmed rupy uf thc Nutr and uf thi�Scrurity Intitrument.
<br /> Form 3028 9190 �
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