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<br /> Y `_ ` �-� . SE_ . � `
<br /> ��,�s�� .���� :
<br /> ' ` payments may no langer be required.at�a�o o ��y�a magain becomes availab e and is obtained. Bonower shall pay ' ,` -c
<br /> t� ' , � that Leader requires}pmvided by PP . ` _:.
<br /> _ � _�� �e p����u�io���ongage insurance in effect,or to pmvide a loss reserve,us�til the requirement for morcgage `
<br /> S'. ' .
<br /> • insuranoe ends in accardance W���Y�tten agrcement between B�n°wer and L.eac�er or applicable law. , „
<br /> T`'� 9.Inspeetton. Lender or its ageat may make rea�aaable enuies upon and inspections of the Property. Lender shall give
<br /> � � rrower aotice at the ttsu�of or prior to aa inspection speci f y i ng rrdson3 ble canse for�he inspcccion. ` } � 1� �
<br /> � 3 .
<br /> � 10.Condemasstion. 'fhe praccxds of any award or o`r farf conv�gce�in lieu of conde�mnai on.are hereby assigned and ;; �� �
<br /> .. art of the Properry. • ,:`�.
<br /> � condemnation or other G3lcing of any p , •, °«.
<br /> � shaU 6e paid to l.cnder. . . ' ` °
<br /> I n t h e e v e n t o f a t o t a l t a k i n g af the PropertY.the Pr���6e applied to the sums secured by this Securicy inscrument• `�: i_
<br /> 4 whethcr or not then due. witli any excess paid to Botrower. 1 n t he even t o i a p a rt i a l t a k i n g o f t h e P r o p c rt y i a wtiicb the fair `' "f��•_�
<br /> •` mazket value of thc PropettY immediat�ly before the taking is equal to or greater than the amount of the snms secured by this -. �;',.._:
<br /> ` gecurity lastrumeat immediately before t�e taking.untess B f�theer roce�s dmultiplied�byathe followi g fractio�a) theo tal � , '-�
<br /> this Security Ins t n i m e u t s h a i l b e r e d u c e d b y [h e a m o u n t o p •� � . . �. _:
<br /> uced
<br /> amount of the sutns secured immediately befarc the taking,divided by(b)tlie fair market v a lue o f t he P r o P�whi c h[h e i ir ====
<br /> • '�. � • ' hefore the taldng. Any balaace s6all be paid w Borrowes. in the event of a partial taking oi the ProPe►ty � �
<br /> �mmediatel before the taking is less than�e�ount of the sums secured immediately hefore�he '•,;_�
<br /> • m a r k et v a lue o f t he Pro p e r t y' y taki .
<br /> . m writing or unless applicabie law o t heiwise provides, the proceeds shall •..�.=-�
<br /> ; _ taking,unless Sorrower aad Lender otheiwise agree' _ _ ;'4�
<br /> be applied to the sums secured by thic SecuritY Iastn�ment whether or not the sums are then due. '-.��
<br /> � Tf dte Property is abandoned by Boccower.or if,after notice by Lender to Borrower�hat the condemnor offers to make an � __
<br /> • fails to ad to Ixnder witbin 30 days after the date the notice is given, •�:.�,��___
<br /> • award or settle a ciaim for damages, Borrower � or to the sucns , ---•—,.
<br /> i�nder is a�thori7cd to collect and app1Y the Pmc�ds�az iu option,either ro restoration or repair of the Ptoperty ;, ;�;,T,:-_
<br /> _ I�nd � �; a
<br /> - - ��by�g�urity Insqument,whether or not then due.
<br /> ' UWess i.ender and Borrower otherwise agree in writing, aaY aPPlicatiun of proceeds to principal s1�a11 not extend or "- ' _
<br /> �.
<br /> "� � postpone ttte due date of the monthly payments referred to�n p�S�P�1 and 2 or change che amouni of such paymen�s• =,___
<br /> ��-,,..�.�
<br /> 11.Borrower Not Yteleased+Forbearancc BY Lender N°t a W���''E��OA of the time for payment or modification �� ,`�3�
<br /> ` of amorti7ation of the sums secured bY this S�ty I��eII��°t�by L.ender to any successor in interest of Borcower shall �_-
<br /> ,r rti a ;
<br /> ' not operate to release the liability of the originai Borroa+er or Borrower's saccessors in u►�erest.Lender sha11 not be required to ;;.' Y_
<br /> � ; ���plo��g�against any successor in inaecest or refuse to extend time for payment or othe B���e 1 oi Bo�Q er's '.":�;'
<br /> Instrument by reason of aay demand made by the original '.. P• -
<br /> ' of the sums setured by this SeauitY .� ' r,.:�
<br /> • successors in interest. Any forb�araace by I.ender in exercising aay right or reuzedY shall not be a wa3ti•:.'r of or preclude che ` _ . _�.
<br /> , � ' � exercise of any dg�t or remedy. .
<br /> .� � 12. Succ�'sors and Assigns�oaad; Joi�a and Severai Lia6itity; Co-signers. The covenants and agreemenu o f t his :_..•�='
<br /> �a .
<br /> � - . Security Insuument s�ali bind and beuefit the saccessors and ass�8'ns °f Ix�er a°d Borrower, subje:.c to [he provisions of �.���
<br /> � ts shall be joint and several. Any Bonower who co-signs this Secwity ;�:.,,__
<br /> paragraph 17. Boaoaer's covenants and ag�en ��Securiry lnstrument only to mortgage. 8rant and convey that .. .. . . �,,-
<br /> ` Inst�ment bnt does not execute the Note: (a)is co-siSning ;. •:,�n.
<br /> .l`�� . , . • Boaower's intetest ia the Properry under the terms of this Security Instn�ment: (h)is not pers�nally ohligated co pay the sums ' . - _ .I a.�_
<br /> • secured by this Securiry Insaumea1:�nd(c)a�that Lender and any other Bonower ma�agree to eatend.modify,forbear or '� y
<br /> . ' .: ��y�omtnadatians with regard to the te�s of this Security lnstrument or the Note without that Soaower's cor�sent. :_ �
<br /> es.1 f t h e i o a n secured b Y'�:s Se�unty Ins�n�me°t is subject to a law which sets erximum toan charges, „ i
<br /> � � 13. Loaa C1�arg ` �
<br /> �1' . � : ;. and that law is finally interpreted so �h a t t&e i�t C�10�char e shall be red�c.ec1 b�the amoun�necessary to reduce the ch ge .
<br /> :�� loan exceed the pemutted limits,then:(a)anY s� g ., . . .
<br /> an
<br /> . 4 . to the permitted limit.and(b)a�►Y sums alriead2�d byeducm'�ng t�he prin�pal owed der the Not�or bylmaki g p di�rect . . •
<br /> Borrower. Lender may choose to malce - a menc withouc any , .
<br /> � _ payment to Borrower. If a tefund reduces Frincipal, the reduction will be treated as a parcial F•ep Y
<br /> ', .. prepayment charge under the Note. • � � ,
<br /> � � . • 14.Notices.Any notice to Borrower Pr ui es userof anothercme h dStThe noti�e�shall bc di ected to he Prope y Addr ss . •.
<br /> �,�d, � - it by first class mail unless applicable!aw req ' � .
<br /> ,. or any other address Borrower designates by notice to Lender. Any notice to l.ender shall be given by first class mail to
<br /> '.�_? . �nder's address stated herein or any other address��o Borrower or Lcnder1 hen g ven as pro�,vided n th srpa ag ph�n this
<br /> ^' � Security lnstrument shall be deemed to have been g
<br /> ' ;� 15.Govcrning 1.aw+ Severa611tty. This Secutity Instn�ment rov sion o�lau e of bhis Securityalnstrument or he Note
<br /> . jurisdlction in which the Property is located.In tlr.event that any p
<br /> • � conflicts with appllcable law.such conflict shall not affect other provisions of this Security lnstrument or the Note which can be
<br /> �3 •
<br /> � � givea effect without the wnflicting provision.To this end the provisions of this Security lnstrument and the Note are declared
<br /> • to be severa6le. of the Note and of this Security Instrument.
<br /> . ! i6,gorroWer•s Copy.Borrower shall be given one conformcd copy .
<br /> - � Form 3028 918 .
<br />. .S�'. . . imnaia.K� _—� . •
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<br /> . . 1 �-6VtNE1 i9a�s�.o� �
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