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<br /> payments muy no longer bc requircd,at the opdon of Lender,if mortgage insurunce caverage(In the atlfo�nt and�ai the penod � �n
<br /> that Lendcr rcquires)provi�lcd by an insurcr approved by Lendcr ngain becomes available and is abtained.Borrower shall pay ihe . .
<br /> premiums required to maintain mortgage insurAnce in effect, or w provide a loss reserve,until tho requirement for mortgege
<br /> „ insurance ends in accordance with any written agreement between Banower and Lender or applicsbie law. ' ,
<br /> . �' 9.InspecNon. Lender or its agent may make rcasonable enMes upon and inspecuons of the Property. L.cnder shall give -
<br /> ' 'w� Borrower notice at the ttme of or prior to an inspectIon speclfying reasonable cause for the inspectlon. . -�,:=:�
<br /> 10.Condemnt�tion. The proceeds of any award or cleim for damages. direct or consequential, in connecuon with eny '��� '
<br /> condemnadon or other taking of any pact of the Property,or for conveyance in Geu of condemnadon,are hereby assigned and I � � ;=:,;�� •-
<br /> shall bc paid to Lendcr. '�' �--
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<br /> In the event of a total taking of the Property,the proceeds shell be appUed w the sums secured by this Security Instrument, _;�.s���
<br /> whether or not then due,with eny excess paid W Borrowcr.In the event of a partial taking of ihe Property in which thc fair market �� •`
<br /> value of the Property immediately before thc taking !s equal to or greater then thc amount of the sums sccurcd by this Security _.�:,�
<br /> Inswment immediatcly beforc the taking, unless Borrower and Lcnder othcrwise agree in writing, thc sums securcd by Ihis :�,��,���:_-
<br /> � Security Instrument shall be reduced by the amount of the proceeds mulUplied by the fopowing fraction:(a)the toW amount of .,���:;'�_`�
<br /> the suma secured immcdtately beforc thc taking, dividecl by (b) thc fair market vA1uc of thc Ftnperty immediately beforc the .
<br /> taking.Any balar.cc shall be pald to Borrower.In the event of a partial taking of thc Property in which the fair market value of the =
<br /> Property immediately before thc taking is less than the amount of thc sums sc�ured immedifltely before the taking, unless �,�� `_
<br /> Borrower and Lendcr othenvise agree in writing or unless applicable law othcrwise providcs,the procecds shall be appGed to the :s�'�
<br /> sums secured by this Security Insuument whether or not the sums are then due. --��-
<br /> If fhe Property is abandoned by Horrowcr,or if,aftcr nodcc by I.ender to Borrowcr that thc condemnor offers ta make an �- `�'
<br /> award or seule a claim for damages,Bortower fails w respond to Lcnder within 30 days after the date the nodce is given,Lender -_-
<br /> . is authorized to collect and apply the pracceds,at its opdon,either to restoration or repaic of Ihe Property or to the si�ms secured ° ��� ,�=_
<br /> by ihl.c Securlty InsUivment,wliether or not then duc. .,' S';�,�...
<br /> Unless Lender and Borrower othenvise agree!n writing,any epplicadon of proceeds to principal shall not extend or postpone ,�,'�"-`"�_
<br /> � the due date of the monthly payments referred to in paragraphs 1 and 2 or chenge the amount of such payments. �.:��-_
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modification
<br /> � of amortizaHon of the siuns secured by this Security Instrument granted by Lender to any successor in interest of Sorrower shall =_ -- —
<br /> not operate to release the I�abUIty of the orIginal Borrower or Borrower's succe,9sors in Interes�I.ender shap not be required to _
<br /> commence proceedings against any successor in interest or rcfuse to eatend time for payment or otherwise modify amortvation of " '����-'—
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<br /> the sums sec�ued by this Security Insirument by reason of any demend made by the odginal Borrower or Borrower's succc�.ssors
<br /> in interesG My forbearance by Lender in exercistng any right or remedy shell not be a waiver of or preclude thc exercise of any � -
<br /> right or rcmcdy. _
<br /> i 12.Successors and Assigns Bound;Joint end Several Liability;Co-sigaers. 'Ihe covenants and agreements of U�is +��
<br /> � Security Instrument shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the provlsions of � •
<br /> � paragraph 17. Borrower's covenanGc and agreements shall be joint and severel. Any Bocrower who co•signs this Securit,y _
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> � Borrower's interest in the Property under the terms of ihis Security Instrument;(b) is not peronally obllgated to pay the sums -
<br /> � secured by this Security Instrument;and(c)agrecs that Lender and any other Bomower may agrce to extend,modify,forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consenG
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> and that law is fmally interpreted so that the interest or other loan charges collected or to be collectcd in connection with the loan
<br /> exceed the permitted limits,then:(a)any such!oan chazgc shall be reduced by the amount necessary to reduce the chuge to ihe -
<br /> permitted limit;and @)any sums almady collected from Aorrower which exceeded pemutted limits will be refunded to Borrower.
<br /> Lendcr may choose to make this refund by reducing the principal owed undcr thc Note or by making a direct payment to
<br /> Bonower. If a refund reduces principal,the reducdon will be treated as a partlal prepayment without any prepayment charge - �;--
<br /> under the Note. . ----
<br /> 14.Notkes. Any nodce to Bonower pmvided for in this Secnriry Instrument shall be given by deIIvering it or by mailing it „� -
<br /> i by first class meil unless applicable law requires use of another method.The nodce shall be directed to the Property Address or "� i
<br /> any other eddress Borrower designates by nouce to Lender. Any notice to Lender shall be given by fust class mail to Le�ider's .{r.
<br /> i address stated hcreln or any other address Lendcr designatcs by nodcc to Bonower. My notice providcd for in this Security "���i, '
<br /> : Insttument shall be dcemed to have been given to Borrowcr or Lendcr whcn given as providcd in this paragraph. �;:.�:��,;�;,f�.s!�.,�'�
<br /> 15.Governing Law;Severabiltty. This Sccuriry Instrument shall bc governed by federal Iaw and thc law of �he ''�'t;�g,,•,��,�1°'�'"F'�'
<br /> ; jurisdiction in which the Property is locateci. In the event that any provision or clause of this Security Insdument or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Sccurity Instrument or the Notc which can be � ' ,
<br /> i given effcct without the conflicting provision.To this cnd the provisions of this Sccurity Instrument and the Note are dcclarcd(o � "
<br /> i bc scvcrablc. •
<br /> Form 3028 91p0
<br /> � , �•8R(NEjcezi2i.oi Pap94o18 in�uain:
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