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<br /> paymerns may no lo�nger bc rcquircd.al ihc option of LencEer.if mon�e insumnce covcrage(ia o sn eria� `' t ' • , `r:
<br /> that L�cndcr requires)Provided by an insurer approved by l.Ender again becomes avaitabic and is obta+ned. Bonower shall pay the . "_�` -
<br /> premiums re�uired to maintitin mor4gage insurance ia effect, or ro provide a toss rescrvc. until the requircmec►t for mort�agc f � • _
<br /> • insurance euds in Bccordance with any wriuen agr�emment beiween Horrower ar,d Lenda or applicabte law. ; . . � _
<br /> . 9.Inspeceian. i..cnder or its agent may ma�e reasonabte enuirs upon and inspecHons of thc Property.Lend�shall give „ , • �
<br /> � � Borrower notice at the time of or preor w an inspection speeifying reasonable cause for the inspecdan. ; � � ' .
<br /> lU.Condemnation. The procc�ds of any award or claim for dama�es,direct or rnns�cquential, u� connection with any : , '
<br /> condemnation or oihea taking of any pan of the Property.or for conveyance in lieu of candemnation,are hereby assigned and •' � '
<br /> ` � shall be paid to Lender. �
<br /> In the event of a total taking of the Propecty.the prac:eeds shFill be applied tn the sums secured by this Security In.ctnunent, j', . • ' ;��
<br /> whether or not�hen due,arith any excess paid to Borrowes.It►the event of a panial taking of the Property in which the fair market l• � �
<br /> ' value of the Pmperty immediatEly before the taking is eqnal to or graater tlian the amount of the swns sec�ued by this Security � ° . . • _-
<br /> Insuument inuneAiately before the takin�, unless Boirower and l.eader otherwise agree in writing,the sums secured by this ` , . . -
<br /> Sec�aity Insuumeat sball be reduced by the amount af the proceeds mut6plied by the follnwing fraction:(a)the total amount of � . •
<br /> tha sums secured immediat�ly before the taldng,divided by (b)the fair market value of the Property immediatsly before the � . •
<br /> taking,pny balance shall be paid to Borrovirer.In the eve�at of a paitial taking of the Pmperty in which the fair market value of the }, ' • ' ,�. ' +�_
<br /> a tial
<br /> praperty immediately before the taking is less than the amouat of the sums secured immediately before the taking, untess • . �.—
<br /> Bonower and Lender oth�rwise agrEe in writing or unless applicable law otherwise provides.tfle procceds shall be appHed to the , �,�
<br /> s�uns sec�ued by tbis Security Iastrumeat whethea ar not the sums are then due. '. , � ';���.,,�._ . "� -
<br /> If the Pcoperty is abandoned by Boirower,or it;after notice by L.ender w Borrower that the condemnor offers tn make an � ._ . �`. �_.
<br /> '�-•--- �3
<br /> award or s�ettle a claim for damages,Borrower fails w respond to L.ender withir►30 days aftEr the date the nodce is givea,Lender • . .. '::--� .,:.
<br /> is anihorized tn wllect and apply the proceeds.at its opdon,either w restorarion or repair of the Pruperty or to the sams sec�ffed .' _ .: :fi_, . �. :'+..
<br /> au ` �
<br /> • by this Sec�uity Insuument,whethea or not then due. !' � '• � �
<br />� ndea and Boirower othenvise in writin ,anY aPPUcation of praceeds to principal shall not extead or postpone ' . '`� .��'-
<br /> ' Uniess Le � S .
<br /> '�f, the due date of the monthly payments referred tn ir►paragiaphs i and 2 or ct�ange the amount of such payments. ' �-�^
<br /> ap
<br /> � 11.Berrower Not iteleased;Forbearance B Lender Not a Wai�er. Extens3on of the ume for yment or modification _, . , ��� - r��.
<br /> Y P$ �+��.,�A�-
<br /> of amorti7a�ion of the sums secured by this Security lnsuument g�anted by Lenda to any suc�cessor in interest of Borrower shall . .. - � ° � =
<br /> : � .
<br /> ' `�, not opeaate to release the liability of the original Botrawer or Borrower's su��rs in in4e�est Lender shall not be ceguued to . .•�.;� -�,,_ .�� ,:'�
<br /> ' commence proceed{ngs against any successor in interest or refuse w extend time for payment or otherwise modify amo�on of a .� �� �_� �.
<br />' �sams sectued by this Sea�rity Instrument by reason of any demaad made by the original Bosower or Bonower's success�ss ' .� _,...}, ' �,
<br /> �x�t.Any forbearance by Leuder in exercising any right or remedy shaU aot be a waiver of or preclude the c�ercise of any �' '����' `''��= .� �� ._.
<br /> righi or remedy. � r
<br /> :, ,•.�'",�'-�: ; �. . : -
<br /> '4: 1Z.Suooes�nrs and Assigns Bouad;J�inB and Several Liab�7ity; Co-si�ners. 'Ihe covenants aad agreemenss of t�ns '� �' �_•
<br /> A gn �: �:�� '
<br /> �•;�� Secauity Insrr�ment sLall bmd and benefit the suc,cessors and assigav of Lendea and Borrower, subject w the prov�sions of
<br /> all ,
<br /> � - Patagtaph 17. Boaowe,r's covenants and ageements sha11 be jouit and several. Any Borrower who co-signs this Sesurity _ ._ "c —
<br /> iusuument but does not eae,cute the Note: (a)is co-signing tlris Security Insorument onty w mortgage.g�ant and convey that 7 '� .�,•_.
<br /> Bomnwed's interest u�the Pcoperty nndea the teams of this Seauity Insmunen�(b)is aot personally obligated to pay the s�ms f:�� —
<br /> ,. : secured by this Secarity Inswment;and(c)agrees that L,ender and any othea Boaowe,r may agree to extend,modify,forbear or ��•��-���
<br /> matce any accommodations with regard to d:�cums of this Sec�uity Insuv.ment or the Nois without thai Boirower's consen� n ��"p �4�
<br /> 13.Loan Ch�g2s. If the loan secmred by this Secwity Inswncent is sub,�ect tn a law which sets ma�cimum loan charges, „=�:.:�--�-'� '`��
<br /> ,.,z•
<br /> . � z�J that law is fmalty int�azd so that ths interest or orhe,r loan charges collesrcd or to b e co ll e c t e d in connectian wi t h t he loan "°' • s-�
<br /> • excee�d the permitted limits,��:(a)any such loan charge shall 6e reduced by t�e amount necessary m reduce the charge w We • �.-�s . _. :'•��_r=___-
<br /> . pemiiued limi�and(b)any sums sIready collected fmm Borrowcd which exceYded permiued lunits will be refunded w Borrower.
<br /> Lenda may chanse w make this refund by reducing the principal owed und�the Note or by making a direct�ayment to �+�_�__—`°
<br /> ..:.: 4 Y P eP Ym .��._`--_Y.
<br /> � Boaower. If a refund reduces principal.the aeducdon will be treated as a partial prepayment without an r a ent c,�arge ,.. .-�.�_
<br /> c.�der t�e Note. �_r :��....
<br /> �, 14.Notices. My notice to Borrower provided for in this Security Instrument sh�J be given by delivering it az i�y ma�ing it ��.�:%� -� y-`--'—•^_ _
<br /> ; '''�'-:�•• '
<br /> by fust class ma7 unless applicable law rzquQes use of another method.The notice shall be directed tn the Propeaty Address or �,'3--�r.:....�,�._- -
<br /> �',;:�
<br /> any other address Bmrower designates ts�notice to Lender.Any notice to Lender shall be given by first class mail to Lender,s • . "_r�i;�i'r`".".. s.....-
<br /> ' ad�ress sttued herein or any other address Lender designates by notice to Borrower.Any notice provided for;� this Security ` '•� �� �,. �.. _
<br /> ��xument shall be deemed w tave 6een given tn Bortowe�or Lender when given�s�vided in this p�ph. �.':�p'.�„�-,-�.s ��,..
<br /> �,��a��`i�w:�) y ::.
<br /> ' 15.Coverning Law;Severability. 7'his Security Inswment shall be goveaned by federal law and the law of the == x -:_,��;_.�-: —
<br /> jurisdiaion in which the Property is located.In the eveni that any grovision or clause of this Securiry Insuument or the Note . _______ _-- -
<br /> � coMicts a+:rb applicable 1aw,such conflist shall noi affect other prova3ions of this Security Instrument or the Note which can� `-��:},;�""`, .'
<br /> given effect aithout the wnflicting provision.To this end the provisions of this Security Insuument and the Note are dectared tfl : �
<br />. be severable. . . . . •
<br /> Form 3028 9/4I0 � • � � .
<br /> � ��BA(NE);0212).0/ Paye4o18 init�aro: � ,�'
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