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<br /> payments may no longer be required,at the opdon of L.ender,if mortgage insurance coverage(in the o nt and or e period I . _
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<br /> that L.cndcr requites)providcd by an insurcr approvctl by Lender again becomes available and is obtained.Borrower shall pay the _
<br /> '� premiwns requircd to maintain mortgage Insurance in cffect,or to provide a loss reservc. until thc rcqu'uemcnt for mortgage � ��7 �
<br /> insucance ends in accordance with any written agreement between Horrower e�id Lender or applicable law.
<br /> 9.Inspection. Lcndcr or iu agcnt may mekc rcasonablc enaics upon and inspecdons of the Yraperty.I.ender shall givc � .,
<br /> �•-•r Borrower not�ce at the time of or pdor to an ic►specdan specifyin8 rcasonable cause for the inspecdon. . �'
<br /> � 10.Condemnatioa. 'Itie proceeds af any award or cieim for damages,direcc or consequential, in connecuon with any ` ,
<br /> condemnadon or other taking of any parc of the Propeay, or for conveyance in lieu ot condemnatlon,are hereby assignesi and I _;.,;�;��:•<<.. ;�-"
<br /> shall be paid to L.ender. .' '"•�`-
<br /> In thc evcnt of a tatal taking of the Properry, the proceeds shaU be applled to the sums secured by this Security Insuumcnt, I .�. ;'1;,��:�b--
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<br /> whcther or not thcn duc,with any excess paid to Borrower.In the event of a partia1 tskinB of the Property in which ihe fair market :,:A�.,4-
<br /> value of the Property immedlatcly before the taking is ccival t4 or grcater then thc amow►t of the sums securcd by this Security ;���;.____
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<br /> Instrument immediately before thc taking, unless Bonower and Lender otherwise egrce In writin8. the sums secnred by this .t
<br /> Security Instr�ment shall be reduced by the amount af ihe p►�oceeds muldplied by the foUowing fracdon:(a)the total amount of .,ywi,__
<br /> ihe sums secured immediately before the taking, divided by (b)the fair market value of the Pcoperty immediately before the „_,__=--
<br /> taking.My balance shaU be paid to Bonower.In the event of a partial takir►8 of the Propercy in which the fair market value of tha �;it�,°�`.�'`
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<br /> p,,pcty imm^diately before the takinb is less t1►en ihe an►ount of the sums secured immediately before �t►e taking, unless „
<br /> Borrowcr and l..:nder otherwise agrec in writin8 or unless appU�cablc law othenvise provides,!he proceeds shall be applied to tt►c `_". s
<br /> sums secured by this Security Insuumcnt whether or notthe sums are then due. ��'••'�.��:
<br /> � If the Property is abandoned by Borrower,or if,after notice by L.ender to Borrower that the condemnor offers to�na : Y4
<br /> �` award or seule a claim far demages,Borrower fails to respond to Lender within 30 days after the dace tt►e nodce is given, -,Q-,��
<br /> .•.. is euthorized to collect and apply the procceus,at its opdon,either to restoradon or repair of the Property or to the sums secured '��;_-'�'
<br /> � by this Securlty Instrument,whether or not then due.
<br /> Unless I.ender and Borrower othcrwise agree in wridn8�anY aPP��tion of procceds co pru►cipal shall not extend or postpone `�`*�::�--
<br /> hs 1 and 2 or change the amount of such payments. �r�`''"� �
<br /> the due date of the monthly paymenu referred w in paraBraP •; F`
<br /> 1 1.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modification ,_,�:�;��"
<br /> � of amoriizadon of the sums secured by this Security Instrument granted bY L.ender to any successor in interest of Boaower s h a l l „ �'. .:"°`
<br /> - not operatie co reiea�e il�a Iiet�Ility af Jtc oslginat Bono�er or Aorrower's successors in ineeresG Lendcr shall not be required to y��%.�_
<br /> commence procecdings against any successor in interest or refuse tc�extend time for payment or otherwise modify amoruzarion of
<br /> the sums secured by this Securiry Instrument by reason of any demend made by the original Borrower or Borrower's successors _ _^_�
<br /> in interesG My forbearance by Lender in exercising any right or remedy shall not be a waiver of ar preclude the exercise of eny ,�,�_
<br /> right or remcdy. - - -=-
<br /> � lt.Suscesssors and Ass[gns Bouad;Joint and Several Liability; Co•signers. The covenants and agreements of this �
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<br /> Security Inslrument shaU bind and beneCit the successors az►d essigns of Lender and Bocrower, subject to the provlsions of _
<br /> � paragraph 17. Borrower's covenants and agreements shall be Jainc and several. Any Borrower who co-slgns this SecuritN ;::�'y
<br /> •�•. Instrument but does not execute the Note: (a) is co-signing this Securiry Insuument only to mortgage, grant and convey that
<br /> k� gorrower's intemst in the Property under the terms of this Securlty Inswment; (b)Is not personaUy obligated to pay thc sums �
<br /> "� secumd by this Securiry Instrument;and(c)agrees that Lendcr and any other Borrower may agree to extend,modify.forbear or
<br /> -��. make any accommodadons with regtud to the terms of this Se�uriry Instrument or the Note without that Borrower's consent� _
<br /> � �� 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. :: �
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<br /> ;� and that law is finally interpreted so th,�t the interest or other loan charges colleetecl or to be collected in conncxtion with the loan `___
<br /> eacceecl the permitted limits,then: (a)any such loan charge shall be reduced bY the amount ncxessary to recluce the cherge to the �
<br /> •�' permiued limit;and(b)any sums already collecud from Borrower which excecded parmined 1iR►its will be refunded to Borrower. �.._.�_,
<br /> Lender may choose co make this refund by reducing the principal owed under the Note or by making a direct payment to
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<br /> � Borrower. If a refund reduces principal,the reducuon will be trrzted a�a Partisl Prepayment without any prepayment charge _ �
<br /> under the Note. �`'°°-
<br /> �` 14.Notices. Any noucc to Borrower provided for in this Security Instrument shaU be given by delivering it or by mailing it ,.,.
<br /> by Cust class mail unless applicable law requires use oF another method.The notice shell be directed to t}►e Property Address or `�---°__
<br /> any othcr address Borrowcr designates by nodcc to Lender. Any natice to Lcnder shall be given by Cust class mail to LcndePs �:,��.
<br /> address stated herein or any other address Lender designates by notice co Borrower. My nodce provided for in this Security �°`
<br /> Inswmcnt shall be dcemed to havc been given to Borrower or Lcnder whcn given as providcd in this paragraph. . ..��°
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<br /> 15.Governin�;Law;Severabiltty. This Security Instrument shall be sovcrned by fedcral law an d t he taw of thc � ::,:€.� .. �f,,.;.:
<br /> jurisdicdon in which the Propeny is located. In the event that any pro�ision or clause of this Securiry Instrument or the Note {....:
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<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can „ �, .ti�. ,
<br /> given effect without the conflicdng provision.To this end the provisions of this Security Instrument and the Note are declared to
<br /> be sevcrable. .
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<br /> Form 9028 9i90
<br />. �o•BR(NE)tex�2).o�
<br /> PeyO 4 0�e inttld�:
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