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<br /> I paymcnts may no longcr bc rcquircd,at thc option of Lcndcr.if mortgago insurancc covctagc(in thc amount and for thc period '
<br /> I that L.cndcr rec�uires)pravided by an insurcr approved by I.cndcr again bccomcs availablc and is obtaincd.Bonowcr shall pay thc ` � ___
<br /> � prcniiums requirccl tn meintain mortgege insurancc in effcct,or to pr�vidc a loss reservc, until thc requ'ucment far mortgage � —
<br /> + insurance ends in accordance wjth any wrluen agreement betwecn Doaower and Lender or applicable law.
<br /> ,� 9.Inspection. Lender or its agent may make reasonable entries upon and inspec�ons of the Property.I.ender shall give� _.
<br /> Barcower natice at the time af or pdor to an inspection specifying reasanable cause for the inspecdon.
<br /> 10.Condemnation. 'Rie procceds of any award or claim for damages,direct or consequcndal, in connccdon with Any � _
<br /> condemnut�on or othcr taking of tmy part of thc Progcrty,or for wnvcyancc in I�cu of condcmnation,ara hcreby assigncd and� �
<br /> shall be paid to Lendcr. ~, _ ,,�•' � ,-
<br /> `�:� .
<br /> In the event of a total taking of the Property.Ihe procecds shall be applled to the sums secured by this Securiry Insuument,� ::�_.,��r.�:,���.�__-
<br /> whethcr or not then duc,with any exccss paid to Borrower.In thc cvcnt of a part�al taking of thc Property in which the fair market� ��K.
<br /> value of the Property immediatety before the taking is equal w or greater than the amount of the sums sectucd by this Security� ___
<br /> Insuument immediately before the taking, unless Borrowcr end Lcnder otherwise agrce in writing, the sums secured by this
<br /> Securiry Insuvment shall be reduccd by the amount of the proceecis muldpiied by the foUowing fracdon:(a)the total amount of �•`'.�:'��
<br /> the sums secured immedistely before ihc taking, dl�idcd b�► (b) the fair markct value of the Property immcdiatcly before thc r•��f'"�
<br /> taking.Any balance shaU be pald to Borrowcr.In the evcnt of a partial taking of thc Property in which the fair market valuc of the ° __
<br /> Property immediately beforc thc taking is Icss than the amount of the suma securcd immediately beforc the taking, unlcss •
<br /> Bonower and I.cnder othcrwise agrcc in writin8 or unless applicable law otherwise provides,che proceeds shall be applled to the � ��`.��'`
<br /> sums secureti by this Sccuriry Instrument whethcr or not the sums are thcn due. ..�._•
<br /> If the Property is abandoned by Borrowcr,or if, after noticc by L.ender to Bonower that the condemnor offers to make an ;;:�;'a'=
<br /> award or seule a claim for demages.Boaower fails to respond to Lender within 30 days eftcr the date the notic:c is given,Lender
<br /> is authorized to collect and apply the proceeds,at its option, either to restaradon or repair of the Ptoperty or w the sums secured . �=�
<br /> •,�.�::.
<br /> by this Security Instrument,whether or not then duc. �`-'��-
<br /> Unless Lender and Borrower othenvise agree in wrltin8,anY applicadon of proceeds to pri++cipal shall not extend or postpone �`y�'�:'��_
<br /> � the due date of the m�nthly payments referred w in paragraphs 1 and 2 or change the amount of such payments. :=� _
<br /> 11.Borrower Not Released;ForbearAnce By Lender Not a Wajver. Extensicn of the time for payment or modificadon � , �
<br /> �f anoriization af thc sasns�ecured b;tts�s Sect�rity Tnatn�mc�.nt vranted by I.cnder to any succ;essot in interest of Boaower shell _
<br /> nor.operate to release the liability of the odginel Horrower or Borrower's successors in interesG I.enr;�:;�kall not be required to ��
<br /> commence proceedings against any successor in interest or refuse to extend time for gayment or.otherwtse modify amorti�adon of _ _
<br /> the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Borrower's suc,�essors ;��%_
<br /> in lnteresG Any forbearance by Lender in exercLsing any right or remedy shell not be a waiver of or preclude the exercise of any =
<br /> right or remedy. �$_�
<br /> 1 12.Successors and Assigns Bound;Joint and Several Li�bility; Co-signers. 'Ihe covcnants and agroements of this �,�.
<br /> � Security Instrument shaU bind and benefit the successors and assigns of Lender and Borrower, subjC;ct to the provisions of i° •
<br /> paragraph 17. Borrower's covenents and agreements shall be joint and several. My Botrower who co-signs this Securiry
<br /> lnstrument but does not exe�ute the Note: (a) is co-signing ihis Security Instrument only to mortgage,grant and convey that -,_
<br /> Bonower's Interest in the Property under thc terms of this Security Insuument;(b)is not personaUy obllgated to pay the sums
<br /> secured by this Securlty Inswrnent;end (c)agrees that Lender and any other Borrower may�gree to extend,modify,forbear or
<br /> � make any accommodations with regard to the terms of this Security Instrument or the Note without that Bomnwer's consenG __ _
<br /> 13.Loan Charges. If the loun secured by this Security Instnunent is subject to a law which sets maxtmum loan charges, • �
<br /> and thac law Is t"inally interpreted so that the interest or other loan charges collected or to be collcxted in connecdon with the loan __�
<br /> exceed the permiued limits,then,(a)any such l�an chargc shell be reduced by the amount necessary to reduce the charge to the ,�
<br /> permiued limit;and(b)a�iy sums alrcady collected from Borrower which exceeded permitted limits wlll be refunded w Borrower. '�Q___ _
<br /> � Lender may choose to make this refund by reducing the principal owed under the Note or by makinb a direct payment to =—_ _ _ _
<br /> Borrower. If a refund reduces principal,the reducdon will be treated as a parrial prepayment without any prepayment charge
<br /> under the Note.
<br /> 14.Notices. Any notice to Bonower provided for in this Security Instrument sl�all be given by delivering it or by mailing it �� �?i�i''
<br /> by first class mui] u�less applicable law requaes use �f another methad.The noace shall be directed to Ihe Property Address or �y4�-�
<br /> any other address IIorrower designatcs by nopce to Lender. Any notice to L.ender shall be given by fust class mail to I.ender's r• R� r
<br /> � address stated herein or any othcr address Lender designates by noticc to Borrower. My notice provided for in this Securiry � :,"„ , ��-_."�`,
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<br /> • Instrument shaU be deemed to have bccn given to Borrowcr or Lendcr when givcn as provided in this paragraph. ::;;.;;'. °.;.
<br /> 15.Governing Law;Severabiltty. This Sccurity Instrument shall be govcrned by fedcral law and thc law of the •� ;:�;, ,: �-�;,�^�
<br /> , jurisdicdon in which the Property is located, In the event that any provision or clause of this Security Inslrument or the Note .
<br /> � conflicts with applicable law,such wnflict shall not affect other provisions of Ihis Security Inswment or the Note which can be
<br /> given cffcct without the conilicting provision,To this cnd the provisions of this Security Instrument and the Note are dcclared to
<br /> � be severablc.
<br /> i
<br /> Form 3028 9I90
<br /> � �o•6H(NE)tex�z�.o� o�qebol8 ���unis�
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