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<br /> - � 97—�0�65 i �`�
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<br /> " 1 payments ms►y no longer be requucd,at the op�on of Lender,if mortgage insuraricc cove:age(in the amount and for the period ' � . .
<br /> � thal Lender requir�s)provided by an insurer appaoved by I.eridea again becomes available aad is abtained.Borrower shall pay the � • �
<br /> � premiums reqviied to maintain mortgage insuiance in e.ffect, or to provide a loss ieseeve.until the requirement for mortgage . -.
<br />� •! insurauce eads in accordance with any written agree�nent beta+eeu Bormwrr and Lerlder or applicable law. � .. � .
<br /> ' 9.ZaspectIon. Lender or iu agent may make reasonable enuies upon and inspecdons of the Property.Leader shaU give � � _'
<br /> . Bortuwer notite at thc tirae of or prior tn an ins�an s�ecifying rc�..�onable c�se for the inspectian. '•- -- - '
<br /> 1Q.Coademsation. The proce�ds of auy award or claim for damages, direct or consequential, in connecdon with any , • ,
<br /> • condemnaIIOn or other taking of any part of the property,or for conveyance in lieu of condemnation,are hereby assigned and • <
<br /> shall be paid to I.endea.
<br /> � ; 1n th$eveat of a mtal tatring of the Ruperty,the proceeds shaD be applied tn the sums secured by this Sec�nrity Instrament, � , •
<br /> � whether or not then due,with any excess paid w Boirower.In the event of a partial mking of the FropPrty in which the fair market ; •. _ �
<br /> ..� value of the Property ivamediately before the taldng is equal to or greates thau the amount of the s�uras secuzed by this Security � , .
<br /> Instrumeut immediately before the talcing. unt�.ss �orrower and I.ender ottie�wise agree in writing,the sums secured by this
<br /> 1 Security Instnunent sball be rednced by the amount of the pmceeds multi�lied by the fallowing fiacti�n:(a)the uotal amount of . •`,.';_
<br /> a ihe sums sec�ued imme ;arPly before the taking,divided by (b)the fair mar�value of the Pmpaty immediately before the , �:-=°
<br /> ...,p,,;.�,
<br /> taking.Any balaace shall be paid to Borrower.In the event of a partial taYing of the P'roperty in which the fair marget value of the . _,:;:f:_n„_
<br /> Aroperty immediately before the taking is less thau the amount of the sums secured immediately 6efore the takmg, unless ., `. ,'.." _
<br /> Bormwer and I.ender otherwise agree in ariting or unless applicxhie law othe:wise provides,the pmceeds shall be applied w the . ' a: ;�;��''
<br /> � sums setured�y this Security Instrument whetAer or not the sums are then due. ;�,:�,; ,. -"�"°'
<br /> If tLe Prop�ty is abandoned by Bonower,or if,aftea notice by Lender to Borrowea t�at the condemnor offers w make an �,:.�' . ,a�:�• �-
<br /> award or seNe a ctaim for damages,BorroRea fails tn respond w Lendear within 30 days after the date the notice is given,Lender �`'' . , -
<br /> � is autharized ro collect and appty the p r o c e e d s,at its option.e i t her to mswration or repair o f t he P ro p e�t y o r t o t h e s u m s s e�a u�i -���=.�_
<br /> by this Security In�trament,whethQr ar aot tkex�due. ' .. _'�
<br /> ' Unless I.e�dea and Bosrower oth�+ise ag�e..in writin8.�y 8FP��n of proceads to principal shall not extend or pcas�te • . ' .''P;;:., :
<br /> . the due date of ihe monthty paymsnts refared w in paragraphs 1 and 2 or chaage the amount of such payments. . � �": �=---..: �-`:.:.-
<br /> 11.Borro�ver No!Fiele�sad;Fo�beturance By Le�der Not a Waiver. Extension of the time for paymant or modif�on ' ,. .'" �•�Fsi•<<,.' _
<br /> uran
<br /> � of amorp�ation of the surns secw�d by this Ser.�uity tnstrument granted by I.endea ro any successor in interest of Borrowea�..�aD � t�?,�.-:;;'.:� -
<br /> �, :. ... ,
<br /> . not apeaate tn release the liability of the original Bano�ver or Borrower's successors in interess.II�aadea shall not be requi�to :,�4� . - ;,•
<br /> � , commence proceedinSs ag�st anY saccessor in inter�s ar refase w eateAd time fos payment oz e3�nvise mo 'd�"y amorti�ation of � - - -;-:, �
<br /> the su�ns sec�aed by this Sc�:rrity Instrument by reason of any demaud made by the original Bomnwer or Bo:rower's successoss • �' . -
<br />� • u�interest,My forbear�r,�7�y Lender in exercising any right or remedy shall not be a waivex of oz preclude the eaea'cise of any � .:.:+'�f
<br /> right or remedy. �;.,r.-,i . '�� ,•
<br /> • 12.Snccessore aad�ssigns Bonnd;Soint and Several Liab�6g-;�o-sigQess.'Ihe covenauss and agreements of this `
<br /> • Securiiy Insoruxnent sha� bmd and benefii the successois and ass.�ns of Lend�and Borrower. subject to the provisinns of '::,• � '��?.. `'
<br /> •.��. .
<br /> ' •; paragzaph 17. Borrowea's covec�ants and agreements siall be joint and several. My Borrower who co-signs this Seauity � �`.
<br /> Instrament but does not execute the Note: (a)is co-�.ing dus Secvrity Inswmeait onty w mottgage,g�ant and convey that �^ • ; ' '-
<br /> g an
<br /> , Bottower's intearest in the Propeaty nnder the terms of this Seciaisy Instrumea�C(b)is not persor�lty obligated tn pay the sacs�s , - ..�'�"
<br /> •:%�,•.�• secur�by this Scx�uity InsLrnmea�and(c)agtees that Le�dea 2��zny othex Borrower may agree to extend,modify,forb�r or . J''�'�
<br /> ���`;�; make any a�xommodations with regard w the te,rms of tlus Security Instnun�t or the Nate without thai Bonower's cansent `
<br /> xom . • ���...-
<br /> �!;:-;�.
<br /> � 13.Lo�n Charges. Ifi die loau secured by this S�riry Instrument is subject to a law which seis maximum loan charges, . .. ,-:_ _
<br /> • � and that law is finally int�.ted so tfiat the interest or other toan charges collected or t�o be coltected in connecdon arith the lnan ' �"� �. „"",,
<br /> ', ,. .. �--_.:�
<br /> :,. ' exceed the pea�nitied limits.t.'^er�:(a)any such loan ct�arge shall be reduced by the amount neces�uy ro reduce the charge to the ���°��° _
<br /> tied limifi and(b)any saras alrea�ty:.ollected from Borrower wtrich exceeded petmitted limis v�iD be refunded w Borrowea. _°°:,,;i:.�-�_.__-
<br /> 1��'•i � may choose to mske this refund by reducing the principal oaed under ihe Ivote or by making a direct p�ym�t�.o ' '� ��_��_�
<br /> .. . �i;..�;ec�i�:�,�•:
<br /> � ` Bomnwer. If a refund reduces pruicipal,the reduaion will be treated as a pa:tial prepayment without any�ayment c:�ge �'' , ,�:..�
<br /> under the Note. ' .', -°�.;�
<br /> 14.Noflces. My notice w Boaow�provided far i�this Security Instrument shaU be given by delivere�g it or by m�il�:g it � . �' ��•; ' � ,-- `
<br /> . ` by fust class mail unless applicable la�:�:.�::iures uss of another method.'ltie notice shall be dire�:d w ehe Piropeaty Addiress or ' .',r..:;.�: �- --
<br /> any other address Boaowsr designates�y n�rice to Le-.�er.My notice to Lender shall be givesa by first ct�s mail tn Len��'s ��'�.'.,��:
<br /> address stafed herein or�:.y other ad�ress I.ender���ignates by nodce w Borrower.Any notice provided ffar i�this Sec�uity • : . . �'��;� _.
<br /> Instrument shail be deea��.,�an have be��ven to Borrower or Lendea when given as provided in this paragiaph. • " • �-
<br /> � 15.Govemjng Law;Szvera6i1.�4�. Tf�is Securiry Instrument shall be govemed by fed�ral law and the law of the �� .. . �::',:>�;�. ;
<br /> � ju:isdiction in which the R�perty is �s��ed. In the event that any provision or clause of this Sacurity Instrument or the Nc�te , �`�`""-"``�'�,�"`�"'"' _
<br /> conflicts with appflcable law,such confiict shall not affect other provisions of this Security Ins�unent or the Note which c�^�be ``�'"�'
<br /> _ given effect without the co�.icoing provision.To ths end the provisions of this Security Instrument and the NotE are declared w . • �
<br /> be sevaable. � ,
<br /> Foren 8�28 9:�D � . _-
<br /> �-8R(N��ozi2�.o� Pspe�oie tnwate: . . '
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