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<br /> .. • ' paymenu cnay ao longer bc requinxf.�t the option of Len+der,if mo8gage insuraace wverage(in the amount and for the period ,.
<br /> '*, ' �`' f^ that Lender requires)provided by an insurcr aPPr°ved by Lender again becomes ava'slabie stnd is obtained• Borrower sha11 p�y �,.;< <• �-
<br /> �" ` w�ed to maintain mortgage in�urance in effect.or to proYide a loss�erve.untii the requirement for mortgage
<br /> ." <` � �e P�m'�� bet�,een gorrower and I.ender or ap�lirable law.
<br /> . ... "�. insurance ertds in acwadana wi�h any written agceemert r •
<br /> '� ' � ' � •. �.`:'`' g,Ingpect�oa.Lender or its agent may make reasonable entries apon and insPeMions of the Property.Lender shall give '; �,
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<br /> ��<_ •� �.��, Bocrower notice at the time of or prior to an enspection specif}ring n�sonabte cause for tlie inspection. r
<br /> 10. Condemnatlon.The pracceds af anY award or claim for damages.direcc or consequen6al. in connection with any
<br /> -� -` - vondemnation or other taising of any part of the Pcoperty.or for coRVeyance in lieu of wademnation.are hereby assigned and - _
<br /> .: . sGalt be paid to l.ender.
<br /> ;s; . 5,'•�r In the event of a totai taking of the Property,tfie proceeds shall be applied to the sums secured by this Security Inswment. , ,�.��•..•
<br /> '�4�' ' � ' . whet6er or not then due.with any excess paid w Borrower.In the event of a partial taking of the Property in which the fair .�,'{.
<br /> �;;�`. . .�, . mark�valae of the PropenY imtrtediately before the taking is equal to or gmater thaii the amount of the sums secured by this _ .
<br /> -�- • Security instrument im�}ediately before the tal°ag,unless Bomnwer and Lender otherarise agree in writinS. the sums secured by
<br /> 4.� . `
<br /> this gecurity Instrument shall be redaced by the amount of the proceeds m�Itiplied by the following fraaion: (a)the tota! '. —
<br /> � unmediatel
<br /> • amount of the swns secund immediatelY before the taking.divided by(b) the fair market value of the Property � Y =� .
<br /> � ' ` ' before the taldng. My balance shall be paid to Borrower. In the event of a partial takin8 of the Pinperty in which the fair ys� i�.
<br /> :'�-� ` � '� `(..'; m�arlset vatue of the Property immediately before the taking is less tha�n the amount of the sums socured immediately before the _--_
<br /> � .° . ." taking,nntess Borrawer aad Lender otherwise agee in nwri i.�iegther o���umstare twhen due1-�se provides,the proceeds shat! _
<br /> p _ . � .ti, "�.- be applied to tAe sums secuc+ed by this Security Insuume :<• ` � _..
<br /> `�'� .�'' � � � If the Property is a6andonod by Bornower,or if.after aotice by Lender to Borrower that the condemnor offers w make an � —
<br />.�,�.`�. , • award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, _ -.�
<br /> . `; I.e n d e r is anthorized to collect azW apply the�►roceeds.ai its option,either ta restoration or repair of the Property or to the sums ^ i .:-=
<br /> _,__ � <,-� '- �__..
<br /> ` , � : . secured by this Securiry instcumeTrt,whether or not then due. ._ `- --
<br /> ` �' ' Uniess Lender and Borrower otherwise agree in writing, any application of proceeds to principal shait not extend or , ,�.`
<br /> <<;.. .
<br /> -''`•�: ` .. ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chas►ge the amount of sach paymenu. i;;,;• :;.-�.'�
<br />- ` • ' � � 11.Borrower Not Released;Forbearaace By Len�Pr Nat a Waivee.Extension of the time for payment or modiScation r"'V� ,;`�r 4'
<br /> _•: •,;..•.,._ ,. _ ._:�:.j, _ "`',�--°
<br />-'•`•_. - -: � of amortizadon of the sums secvred by dus Security Instrumeat grante�t by la.mder to any successor in interest of Borrower shall _- -_ _
<br /> �,,, . . . ` .�.
<br /> '-"�° ,•.�•,, .� no t o p e r a t e t o re 2 e a s e t h e l i a b i l i ty o f t he ori gnal Bormwer or Borrower s successors in interest. Lender shall not be mquire�to
<br /> r�'=;' . ° �:' commence proce�ings against any suscessor in interest or refuse to eztend time for payment or otherwise mo di f y amo rt i i a t i o n .4s `� _
<br /> -� • � of the sums secured by this Security Instmment by reason of any demand made by the original Borrower 4:Borroaer's
<br /> fS.•v��. .� _... _
<br /> successots in interes�• AnY forbeas'ance by��er in exercising any right or reatedy shall noi be a waiver o<`ca preclade t�e .;,�� ,-�
<br /> ';'; ' , exercise of any right or remedy. The covenanu and agreemenu of this �y'� `=;�,-
<br /> � : ' �� � u� guccessory and Assigas gound;Joint and 5everal Liability; Co-sigaers.
<br /> �., ' ,. Security Inmument shaU bind and benefit the successors and assigns af Ltnder and Borrower. subject to the provisions of _-
<br /> ;;; : • � paragraplz 17. Bartower s covenants and agrexments shall be joint and severnl. Any Borrower who casigns this Securiry -
<br />-�'" ••• Instrument but does not execute the Note:(a) is co-signing this Security lnstn�ment only to mortgagt, grant and convey that —
<br /> ' � Borrower s interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sams . ;��'�,:
<br /> 4 . . ' .�}-_.
<br /> � . secured by this Security Instcument:and tc)agrees that Lender and any other Borrower may agree ta extend,madify.fos6ear or ..,� .�_
<br /> � � ` make any accommodations with regard to the terms of this Security instrument or the Nate without that Borrower's consent. :.: •'�„�
<br /> -- 13,l.oaan Cluuges,if the loan secured by this 5ecurity Irutrument is subject to a law which sets maximum loan charges. __
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<br /> ��. •' r;1':. and that law is finally interpreted so that the interet or other loan charges collected or to be collected in connection with the ._
<br /> � l o a n e x c e e d the permitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ,__
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<br /> ?� . . � to the permitted limit:and (b)any cums already wltected irom Borrower w hic h ex c e e d e A pernu u e d�i m i u w���b e r e f u n d e d t o . --
<br /> "'�'� Bosrawer. Lender may choose to make this refund by reducing the psincipal owed under the Note or by malring a direet ; ';�"� _
<br /> 3;..�. . • �, � � a' ��� payment to Bonower. If a refund reduces principal. the reduction will be treated as a partial PrepaYment without any � ` -
<br /> �; � �. - ' � �, prepayment charge under the Note. . --_
<br /> ' � 14.Notices.Any notice to Bonower provided for in this Security instrument shall be given by delivering it or by maili�g .
<br /> it by first clacs mail unlzss applicable!aw requires use of another method.The notice shall be directed to the Property Address
<br /> ' �- • or siny other address Borrower designates by notice to l.ender. Any natice to Lertder shall be given by first class mail to
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<br /> ' Lender's address stated herein or any other address Lender designates by notice to Borrower. Any nouce provided for in this
<br /> . Secutiry Instrument shall be deemed to have been given to Bonower or Lender when given as provided in this patagtaph. „ .
<br /> J~ �. ;,~ 15.Goveming l.aw, Severabilitv. This 5ecurity lnstrument shall be govemed by federal law and the law of the
<br /> .�� ' .
<br /> ;'.;;:', jurisdiction in which the Property is ta�ted. In the e�•cnt that any provision or clause uf this Secuaty lnstrument or the Note
<br /> . canflicts with applicable law.such conflict shall not affect other provisions of this Security instrument or the Note which can be .
<br /> given effect without the conflicting provision.To lhis end the provisions of this Security Instrumenl and the Note are declared :
<br /> -' � ' to be severable. .
<br />"�' 16.Borrowe�s Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. ..
<br /> ;� . � � Form 3028 9I90 . �
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