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<br /> ��=�`. ` ` ' paymenu may no longer be required.at the option of Lender.if morigage insurat►ce coverage(in the amount and for the period ."' ;y ,�,<� • �.
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<br /> that Lender requires)Pmvided by an insurer aPurance in e ect.or t provide a os.s r�s rve until the requireme c for mortsage� ` • •�
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<br /> . .,,� the premiwns required to maintain mortSage uis ,., .�. : .
<br /> ;ncurance ends in accordance w�th anY Wntten agreement betwcxn Borrowe�and Len�er or applicable law. • ,<
<br /> . . , � @ Lender shall ive� `
<br /> �- �-�.,�} 9,L�spection.Lender or its agent may make reasonable entries upon asid inspections of the PropertY• g �
<br /> � v n reasonable cause for the i�upection.
<br /> , 'G � ,:-�� Borrmver nutioe at the time of or prior w an iaspection specifyi g
<br /> '��` 10. Condemuation. The proceeds of any awazd or claim for damages. diract or conseyuentiai. ia coiuee�xion with any� --�F
<br /> • � condemnation or other takusg of anY Part o f t he P ropert y,or for conveyanoe in fieu of condemnation,are hereby assigned and� .
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<br /> ' • �`-u'� ; shall be paid w Lender. the pmceeds sha11 be aPPl�ed�o the sums secured by this Security instrument.�
<br /> ._ � .-j in the event of a total taking of the Property.
<br /> . `• due. �vith any eacess paid[o B°iT°wcr. in the event of a partial taking of the�P s�secured by this� . , . _
<br /> �• � wheiher or not then
<br /> <;•. - . n�arket value of the Property immediately before the talcing�s equal to or greater than the sunount of the ��
<br />' . • �` Seauity Mstrument immediately before the talting.unless Borrower and Lender otherwi�e agree�n`"nrt�°S����5��by . �W`
<br /> ` fraction: (a?the tatal •t,-
<br /> ��� ' this Security Insdument shalf be reduced by the amount of the procc�ds inultiplied by the following ',;�;;.-_,•.
<br />� � amount of the sums secured immediately before the taking, divided by(b)the fair marke[value of the Propert3+ immed����Y __ �
<br /> ` . , before che taking.Any balance shall be paid to Borrower.�l���the amaun�t�of the sums�secure.�1 immediate y before he c',�:�y�,y.,�
<br /> markec value of the Property immediatelY before the takmg ,
<br /> - taicing,unless Borrower and Lender otherwise agree in wtiting or unless applicable law otherwise provides.the proceeds shal� t .' .:'�r
<br /> , • .`�..` � be applied to the sums secured by this SecuritY Instn�ment whether or not the swns are then due. . ,, --
<br />>�" .� . � °� if the PropertS+isabandoned by Borrower.or if,after notice by l.ertder to Borrower that the oondemnor offers to make an _-
<br /> - --�""" � ����"'"? award or settle a ctaim for damages. Borrower fails to respond to i.ender within 30 days after the date tbe notice is given. r.�
<br /> �- :� •� ,> L.eader is authoriud w coltect and apply the proceeds.ai�ts pPrion,either to restomtion ar npair af ihe Property or to the swns ,�_;�.�-
<br /> . : . . .'" � Sec�red by this Secority Insm�ment.whether or aot then due. lication of roceeds to principal shall not extend or . ' �a�
<br /> - � ' � Unless Lender and Boaower otherwise agree in writing, any apP' P ,.'���F'''
<br />_� -."--, � `;;;. ostpone the due date of ti�e monthly payments referred to in paraSraPhs�and 2 or change the amount of sucb paymenu. . s:_j.-=-
<br /> n p t or moc�ification '
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<br /> " 11.Borrowec Not Reteased;Fusbearance BY�der Not a Waiver.Extension of the time for aymen s�,.
<br /> ` of amorti�atian.of the swns secured by this Security Instrument�an�d by�ader to any successor in interest of Boaawer shall y—�
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<br /> � � = not operate to release[he liability of the original Borrower or Borrower's sucassors in interest. I.ender shall not be reqaimd co ^
<br /> _ : . : �ommence proceedings againsc any saccessor in interest or refuse to extend time for payment ar otherwise modify acnortizatian � _ —
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<br /> �}� . ' , of the sums secured by this Security Insnvment by reason of any demand made by the original Borrower or Borro�ver's • . . • -
<br /> �..`;�� successors in interest.Any forbearance bY Lender in eaercising any right or remedy shall not be a waiver of or p�lude the ��
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<br /> '�� •. � ° � exercise of any right or remedy. ments of this " ��.'.;,�;,�
<br /> `:.� . � .. 12. Sacc��ors a�d Assigns Boumd;Joint atac! Several Liability; Co-slgnetis. The covenants and ag� . , __—
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<br /> �,: ,� : - Security Instrument shall bind and benefit the successors and assigns of I.ender and B�nower, subject to the provisions of . —
<br />�. �. , , . paragraph 17. Borrower s covenants and agreements shall be joint and several. Any Borrower who co-signs this S�cu�tY :;�u
<br /> ' Instrument but does not execu te t h e N o t e: (a)is c o-si g n in g this Security Instrument only to mortgage. grant and convey that , •� �..��__
<br /> Borrower s interest in the Property under the terms of this Security Ilutrumenr,(b)is not personallY obligat e d to PaY t he sums • -' ,�. ---
<br />��>��>. �•� � �+ secured by this Security Instrument;and(c)agrees that 1-ender and any other Borrower may agree to extend.madify.forbear os ;�� ..
<br /> ,.• , . � , ;
<br /> •� . . '.,.,: , � make any aocommodations with regard to tt�e tcrms of this Security Instrument or the Note withont that Borrower's cansent•
<br /> �� .: . . . ;;;; 13.l.oan Charges.If the loan secured by this Security Insuament is subject to a law which sets maximum loan cliar8es. __
<br /> ; j . • �•�• '- and that law is finally interpreted sa that the interest or other loan charges collected or to be collected in connection with the �-
<br /> • � ., � loan exceed the pesmitted limits.then: (a)any suchl���har�e�ower whic�h exczeded permiue�litnitstwil�l he refundedgto __ _
<br /> .;�;. ' ' ro the pemuued limit:and(b)anY sums already co _ . .
<br /> •� Bonower. Lender may chovse to make this refund by reducing the principal owed under the Note or by making a direct �t:_
<br /> � ' � payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any �y_
<br /> ; .. prepayment c harge un der t h e Note. .�, �
<br />�;.���';,�. . � � 14.Notices.Any notice to Bonower rovided for in ihis Security Instrument shall be given by delivering it or by mai ling u.�,
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<br /> =��` '. �' , it by first ciass mail unless appficable law requires use of another method.The notice shall be directed to c3::Property Address
<br /> ' � or any other address Bonower designates by notice to Lender. Any notice to Lcnder shall be given By f rst class mail to
<br /> Lendcr's address stated herein or any other address Lender designates by notice to Borrower. Any natice provided for ca this
<br /> �� � � • �. Security lnstrument shaii be deemed to havc been given to Borrou�er ar Lender when givcn as provided in this paragrap:�.
<br /> : . � � • 15.Goveming I.aw; Severability. This Security lnstrument shall be govemed by fcderal law and the taw of the
<br /> � � jurisdiction in which the Property is located. In the event that any provision or clause of this Security instnunent or the Note
<br /> � � . contlicts with applicable law.such conflict sha11 not affect other provisions of this Security Instrument or E[:e Note which can be
<br /> , . � ' , given effect without the canflictin�provision.To this end the pravisions of this Security lnstrument and the Note are declared
<br /> �" ' to be severabte. � oi the Nate and of thic Securiry lnstrument. '
<br /> - 16.Borrower's Copy.Borrower shall be given ane conformed copy °
<br /> Form 3028 9(90
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