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<br /> ` paymeats may no langer be reyuired.at t8e oprion of Lendcr,if mortgage insurance ooverage(in the amount and for the period " _k �. ` ,
<br /> . •.�.'.• �_ °;
<br /> ����` ;. tLat Lender requires)provided ky an insurer approved by Lender again becomes available and is oGtained. Borrower shail pay • •-
<br /> a '
<br /> the premiums required to maintain mortgage insurance in effeet.or to provide a toss reserve.until the requirement for mortgage `:": .�.„`
<br /> . `� �`,`�}��,` insurance ends in accordance with any written asreemens between Borrower nnd Lender or applirabte Taw. (� �' ��`. ` ��'�• �
<br /> �,: 9. Ias�ion Ixnder or its agem may make reasonablc entries upon and insQections af the Prapecty. l.ender shall give � ` , . , �`..,
<br /> � � �-� ` Borrower nouce at the time of or prior to az►inspection specifying reasonable cause for the inspection. 4 �
<br /> .:— �--.�;.: ' '
<br /> � 10. CondemnatIon.'fhe pr+oceeds of any award or etaim for damages. dimct or conseqnential, in oonnection with azry � : > v�T;;:
<br /> �.`." � • • candemnation or other taking of any part of the Property,or for convcyance in lieu of rnndemttation, are heieby ass'sgned and �°' ' �,,r
<br /> _ ,;. shall be paid w Lender. � ". � °
<br /> -� In the event of a total taking af the Properry.the praceeds shaU be appiied to the sums secvred by this Security Insaument. �
<br /> �' .
<br /> '�` whether or not then d�e,arith any excess paid to Borrower. In thc eveat of a partiai taking of the Property en which the fair � ` �
<br /> market value of the Property immediately befare the tatcing is equal to or greater d�an the amount of the sum�secured by this W . �<_:
<br /> - ` � Se�,vriry Instnunent immediately before the taking,untess Bornower and l.ender otherwise agree in writing.the sums secured by '� �; s�•���_ -
<br /> . this Security Instniment shall be reduced by the amount of the proceeds multiplied by the foltowing fraction: (a) the tota! `' � .�_�'
<br /> ���i�?'";,°'-•
<br /> amount of the sums secured immediateiy before the taking, divided by (b)the fair market valae of the P�roperty immediately � .—
<br /> * �' �' � before thg talcing. Any balance shaU be paid to Bomawer. In the event of a partial taking of the Property in which the fa�r • ;
<br />:� � • . , marlcet vatue of the Property immediately befare the taking is tess than the amount of the swns secured immediacely before the � �
<br /> �� ''`f_' taking.unless Borrower and l.ectder otfeernrise agree in writing or ualess apglicabte law othenvise provides,the pmceeds shali � .`' . _ � _
<br /> . ;�� be aqrplied to the sums seiured by this Security Iiudument whether or not the sums are then due. ��`.--
<br />_ " i. ' " If the Praperty is abac;doned by Borrower.or if,after natice by Lender to Borrower that the condemnor offers to maIce an - : .:�.�
<br />_'';Y;f....:. .�. . '..� .�.. _ " �
<br /> ry:�ti, •. - ;> • award ar settte a ctaim for damages. Bormwer fails to respond to Lender within 30 days after the date the notice is given, --_ -- o =
<br />- •'i t �y �' Lender is autharized to coAect and apply the praceeds,at iu opdon,either to restoration or repair of the Properry or to the sums =.=�
<br /> '" seruced by this Security Instrument,whether or not then due. � �`=�
<br /> � � V``..r agr g luadon of roceeds to nnci al shall not extend or, ` C�`'��'�`='�'
<br /> -�G�' � Unless Lender and Borrower atheravise ee in writin , anY aPP� P P� P . ".` �„�-�=-.--��.
<br /> .� _ � _. ..., postpone the due date of the monthty payments referred to in paragraphs 1 and 2 ar change the amount of such payments. � �'
<br />_ � "�. �•� '; 11.Son+nwer Not Reteased;Forbeasance By Lender Not s Waiver.Extension of the time for payment or modific�rion -- --
<br /> . '. of amortization of the sums sewred by this Security Iastrument granted by l.e�der to any successor in interest of Borrower shall _-_
<br /> • ,�, , not operate to release the liabi{ity of the original BonawBr or Borrower's successo�s in interest. Lender shall not be reguired w ,;.F..`��-- .
<br /> `� . wmmence proceedings against any successor in interest or refuse to eatend Yime for payment or atherwise modify amortizatton '.•, __._.
<br /> � � of the sums secured by this Seairity Instrument by reason of any demand made by the original Borrower or Bosrower's -�'—"'"-, �
<br /> , ' � successors in interest. Any forbeasance by Lender in exercising any right or remedy shall not be a waiver of or preclude the -'•r*' ,--
<br /> �. ' eaercise of tiny right or remedy. • �'"'�r'" �
<br /> ,���
<br /> _. � : ' 1Z. Sne�ssors and Assigns Bo��Joint and Sev�al Ltabitity; Co-signers. The covenants and agreemenu of this . , _-
<br /> . ::,-:,:;::. -
<br /> Security Instrament shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of • • _-
<br /> i'�,� . � paragraph 1'l. Borrower s covenants and agreements shall be joint and severai. Any Borrower who co-signs this Security ����r�. �- _`1
<br />='�:`%� ' "'•_�._._
<br /> • r • 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 this Security instrument; N)is not personally obligated to pay the suau . _��;_
<br /> " • secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend.modify.forbear or ' � =--
<br />- make any accommodatioas with regard to the terms of this Secnrity Instrument or the Nate without that Borrower's coasent. - --
<br /> ' ' 13.Loan C6aiges.If the loan secured by this Security Instrument is subjecc to a law which sets maximusn loan charges. '�`�-
<br /> '`` � ..� �d that law is finally interpreted so that the interest or other loan charges colleae�or to be collect�A in connection with the _ • �;:;,��u
<br /> ` • ���: :.±� loan exceed the permitted limits, then: (a)any sach loan charge sha11 be reduced by the amount necessary to redace the charge __ - _ „
<br /> to the permitted limii: and(b)any sums atready wllected from Bonower which exce+eded permi:ted limits will be refunded to -- -
<br /> � � . "�s� Borrower. Lender may chaose to make this refund by reducing the principal owed under the Note or by making a ditect � ~:;.�s:"r:.
<br /> ���. � % payment to Borrower. If a refund reduces principal. the reduction wiU be treated as a partial prepayment without any � , _'
<br /> . _ � l prepayment charge under the Note. �
<br /> � , 14.NotIces.Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by mailirtg � �
<br /> .. , � � . it by ftrst class mail unless ayplicable law requires use of another method.The notice shall be directed to the Property Address � � • . • �� :
<br /> . • � or any ather address Borrower designates by notice to Lender. Any natice to Lender shall br given by first class mail to -'-t"':-"'°'°-°
<br /> � .� ` � '� Lender's address stated herein ar any other address Lender designates by natice to Borrower. Any notice provided for in this �ti� • . ; ,-� •
<br />.. � • ' Security lnstrument shall be deemed to have been given to Bonowcr ar Lender when given as provided in this F,:sagraph.
<br /> - � � ' . � 15.Govern�ng Lacv; Severability. This Security Instrument shall be �overned by federal law and the law of the ;' � "��.
<br /> � � • � . jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note �� �� .� :�•',
<br /> � wnflicts with applicable law.such conflict shall not affect othet provisions of this Security lnstrument or the Note which can be
<br /> � ,.. � given effect without the conflicting provision.To this end the provisions of this 5ecurity lnstrument and the Note are declared ' '. . • •:
<br /> � to be sevemble. � � •
<br /> . . • 16.Barrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrumenl. � � '
<br /> • . Form 3028 9190
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