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<br /> , ``. .�..,. paYenents may no longer be re4uired,at the option of Lender. if mort�aSbecomes available and i olstained.Borrower shal pa�y � �..` :.`�
<br /> « '� " that Lender requires)Provided by an insurer approved by[.ender again . , �,
<br /> f , , ,. �e p�miums cequired to maintain mortgage inswanr.e in effecc,or to pro�ide a loss reserve,until ttse re4W rement for mortgage . . � �
<br /> `.!,I�•i 4,- :• _
<br /> `t -• insurance ends in a000rdance wid�anY wntten agreement between Harrower and I.ender�r applicable law. Lender.shaU g,ive •::';.
<br /> . . `�'.. ectior�s of the PropertY•
<br /> g,�p¢dIon.Lender or its agent maY ma-4e reas°n�le entries upon and insp .
<br /> . -�. =��'"",` Borrower aotice at the tims of or prior to an inspection specifying reasonabte ca�se for the inspection. .,i�� .. 4�.
<br /> - --- - - 10.t;oademnatton. The proceeds of 3ny award or ctaim for damages, direce or consequential. in oonnecti�wi�and - .
<br /> n -=� �,�. ,
<br /> „ f condemnatian ot othet ta[cing of any parc of the Property,or for conveyance in lieu of condemnation.are hereby P,tt
<br />- . . . .. shall be paid to Lender. this Securit taswmen� ;� . . � ;,
<br /> � � In the event of a total taking of the Property,the proceeds shall be applied to the sums Setwed bY �hich the fair �� w�_
<br /> � �� ' -� w h e t h e r or aot then due, with any excess paid to Borrower. tn the event of a paztial taking of the PrapertY ,_ _
<br /> = �~.<�. .,.. ( _c ;
<br /> ` �,� u ual to or r t h a n t he asnoun t of the swns secvred bY this . ;.. y -. ,.
<br /> ...',;. . �... .` `• martcet valne of the Property immediately before the taking ' eq 8�� �����sums secured by . F. --�
<br /> • `'� Secw7ty Instrument immediately before the taidng.unless Borrower and Lender othe.rvvise agreE� • , �:�. .
<br /> • `+���� this Security Instrament sha11 be reduced by the amou�of the pracxeds muldplied by the following fra�ion: (a)ihe total ; ^� `
<br /> �m�nediatel �.
<br /> ' ` ` amount of the sums secured immediately before the taking, divided by (b)the fair market�ofuthe Pro�ien which the fair �.4 ;.L:; =-..`=
<br /> � ' before the taldn8• At►Y balaitce shall 1�e Faid to Borrower. In the event of a partial takinS P�5' . ••..��.__
<br />-= � `V:"�`:``�`.�� muket value of the Property immediately before the taking is less than the amount of the sums secuted immediately before the : . _ `__
<br /> � m wridn or unless applicable law otherwise pravides,
<br /> the proceeds shall • ``
<br /> • ' taking.unless Borrower and Leader otherwise agree' g ' `.. -
<br />- -� be applied to the sums secured bY this Sec�+'�ty I°stn�mept whether or not the sums are then due. `(,` ..,: --
<br /> . If the Property is abandoned by Borrower,or if,after notice by l.ender to Borrower that the coademnot offecs to malce an r,.; ---
<br />�• � � °���-�'� award or settle a claisn for damages,Borrawer fails to respond to Lender within 30 days after the date the notice is given. r.,., �• . °
<br /> �.-�,= �. ... . ._„: • ..,
<br /> • . �•�,;, Lender is au t ho r i z e d to co llect and a p pl y the pm^.eeds.at its opdon.either to reswratian or tepair of the Property ar to the suma � j. _=•--_:s��
<br /> �,�:�•�,.,--"
<br /> � secured b y this Security Instrument,whether or not then due. '' ` , '°-;�
<br /> lication of r o c e e d s w Princi Pal shall not eatend os
<br /> • Unless Lender and Borrower otherwise agree in writing, a�►Y aPP� p � ��-�-
<br /> � � ' •" � postpone the due date of the momhly payments referred to in paragraphs 1 and 2 or change the amount of sucb paymenis• . '� f;�:r�;-�
<br /> �...�.-- .
<br /> P ym ' ��s.�:�::
<br /> ' �� ' ��=,��' 1 1.B urrow e r N o t R e l e a s e d;F o r b e a r a nce B y Lender Nat a Watver.Extension of the time for a ent or modification �,
<br /> • .• ,��.: '.' of amortizatian of the sums secared by this Security Instmment granted by Lender to any saccessor in interesc o f Borro w e r s h a t t �� ,,�.,,v_
<br /> w���
<br /> ' '` not operate to release the liabiliry of the original Borrower or Boaawer's successors in interest.Lender sha11 not be��d to `���=
<br /> �-�- +��: :.�;� commence p r o c e e d i nP,s aS a i n s t a n y s uccessor in interest or refuse to exteaid time for paymeIIt or otherwise madify amortization . _�-.
<br /> ,� ., .. • _—_...
<br /> _._�.. _ of the sums secured by this 5ecurity Instrument by reason of any demand made by the original Boaower or Borrower's �.,:�,.: �•� _;`�'
<br />• - � �` ', successors in interest. Any farbearance by Lender in exercising any right or remedy shall not be a waiver of or preelude the _ - `__
<br /> ,..: , exercise of any right or remedy. . -.'�-.
<br /> ` lZ. Sncce�ois and Asstgus Bound+ doint aad Several Iaability; Co-si�neis. The wvenanu and ag�eemPats of this :.��.__
<br />_� I°'',:.�..:`... .•�.:a:v._ ..':,--
<br /> gecuriry Inttrument shall bind and benefit the successors and assigns of Lender and Borro�ver, subject to the provis'sons of ��_
<br /> • - • ` p�ragdph 17. Bormwer's wvenants and agreements shali be joint and several. Any Borrower who co-signs this Sec�ritY -___
<br /> y g t and conv that `�'-
<br /> � � I n s t r u m e n t b u t d o e s not execute the Note: (a) is co-signing this Security Instrument onl to mort age, gcan eY .•
<br /> +. ��_
<br />" . ` • • `� Bosower's interest in the Property under the terms of this Securiry Instrument:(b)is not perso n a l l y o b l i g a t e d t o p a y t h e s u m s •==�;xw_
<br />• .. , "'��- � secumd by this Security Instrumenr and(c)agrees that Lender and any ather Borrower may agree to extend,modifX.forbear or :: ::.:-_
<br /> ' `�.«.
<br /> � make any accommodations with regard to the terms of this Security Instnunent or the Note without that Borrower's consent. _ �_
<br /> ' �,Loan Charges.If ihe loan secured by this Security Instrument is snbjece to a law which sets ma�cimum loan charges, -
<br /> � • and that law is finally interpreted so that the interest or other loan charges collected or to be collected in conneccion with the , _.�_
<br />� �' . ,. ' loan exceed the pemtitted limiu. then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge :_
<br /> � ' ._�i� �. '. to the permitted {imit:and(b)any sums already collected from Borrower which exeeeded permitted limits will be refunded w - .:;.`"�'
<br /> '� � Borrower. Lender may choose to make this refund by reducir� the principal awed under the Nate or by making a direct �::�-=;
<br /> ' • � payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment wiihout any �."���=-
<br /> ' � .: prepayment charge under the Note. _
<br /> .. '. 14.Notices.Any nouce to Borrower provideA for in this Security lnstrument shaQ be given by delivering it or by mailing . . _
<br /> - , • it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address „
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lende: siiall 6e given by first class mail to
<br /> ' Lender's address stated herein or any other address i.ender designates by notice to Bonower. Any notice provide�for in this
<br /> r'.� ' � Security instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. .�� .:� �. .
<br /> . • 15.Governtng I.aw; Severability. This Security lnstrument shall be govemed by federal law and the law of the
<br /> •• . jurisdiction in which the Property is locaced. In the event that any provision or clause of this 5ecurity Instrnment or the Note
<br /> � � conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note wtsich can be ,�.,.,r
<br /> : • • given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Nate are declared
<br /> " to be severable. • .
<br /> ;"��' • . l6.Borrower's G►py.Borrowcr shall be given one conformed copy of the Note and af this Security Insttument.
<br /> Form 302$ 9I90
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