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<br /> . . payments may no longer be requIIed.az the option of I.ender,if martgage insurance oo�e(in the amnvnt and for the peclod ` � ; .
<br /> : � . .. thst I.e n d e r requires)Dro v i d e d by a n i a s u t e r a p p m v e d b y I.e a d e r a g a i n i�c o m e s a v a�7 a b 1¢a n d i s a b t a m e d.B o a o w c r s h a l i pa y the . . . ,,
<br /> � P���+1�to maiatain martgage insurance in effect.or to provide a ioss resesve�until the req�riranent for mortgaSe
<br /> '.'! msutance ends in accoidance with any wriuen agreement 6etween Botmwea and Latder or applicabie 1aw. ,.
<br /> � ' -- � 9.Inspedion. I.ender or its agent may make reasonable enuies upon and inspec�eons of the Prop�cty.L.ender shall give . .
<br /> �, _ -:�,`�: Bonower nadce at the rime oi or prior to an inspec6on specifyiag reasonabte cat�e for the inspecaon. : •.�.: :.-.�"< -
<br /> � � 10.Condemnation. 'the psoceeds af any award or claim for damaS�s,di�ect or oonseqaential,in connection with any � £:. --,-._:::.: ..` ;'�
<br /> • • • cond�ation or other taIdng of any part of ihe Prop�ty,or for conveyance in lieu of wndemnation,are hereby a�sigued and . . , .
<br /> ' sl�all be paid to I.ender. � � `
<br /> �` • In the event of a mtal taking of the P�'o�►>the proceeds shall be apgfied w the sums secaued by this Sec�ity Inso�vm�t. _
<br />_ t '. . whethea or not theai due.arith aaY exoe�Pa�1 to Bmrower.In the evcni of a pardal taking of the Pmpeity in which ihe fair market _ ; _
<br /> watne of the Praperty immediateIy before ttie�g is eq�al to or g�eater than the amo�mt of ttne sums sec�ed by this Secmity ��
<br /> Instrument unmediately before the taking,nWess Bomawea and I.eader othe,rwise agree in writing, the sums secuied by this ' ;,, �
<br /> . ' Se�aaity Insoniment shall be reduced by the amount of the praceeds mulvpfied by the fo1lowing fiacaon:(a)the mtal araount of � ��, �. _
<br /> ' ihe sums seaued immediaiely befoie the taiting,divided by (b)the faa marlset val�e of the Propeaty i,nm �re +.'arP-ty before the _�y
<br /> � �-�_
<br /> - , tal�ing.Any balance shall be paid to Bormwer.In the eveat of a partial ral�g of the Pmpeny m wlrich tLe faa ma�lcet value of the . �. :-� ,.��°•
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<br /> , ` �P�Y ��lY 6efoie the talting is less than the amaunt of the sums se�vred immediately befaie the taking. un2es� '.°' _- _
<br /> . Baiaowea and Leuded othe�rise agree in wr�mg or ualess applicable law othecwise pmvides,the proceeds shall be app}icd w the
<br /> � � ' sums se�red by this Secauity Ins�ument wfiether or not the sums are then due. '- ' .•:',�'-
<br /> � . - if ihe pmpaty i�abandpncd by Bouower,os if,after nofice by l.cndea to Borrowes ti�the c�rcdemnor offers to make an �• ,�_
<br /> T award ar seWe a claim for damages,Borrower fa�s w respoad to L�der within 30 days after th$date the natice is�given.I.e�der - --.-. ---e:.�,
<br /> �� is anthoriaed w collect and appty the pmceeds,at its option,either tn reswratian or repair of the prape�ty or w the sums seaued . �.-_-
<br /> � .� � , by tLis Sectuity 1US�umea�b whethe,t or not then dne. : '. '���,:.
<br /> • � � -�2 Ualess I.e�dea and Borrower mhetwise agcee in aritinS,anY aPPlicarion of pmceeds w principai shaD not extend or postpone =_ � :�,
<br /> e� E,t1 :
<br /> ' ' the dne dare of the montiily paymenis refeaed to m p�hs 1 aud 2 or cl�ange the amoant of sucb payme�ats. • �, ,�,,.,,:
<br /> ' . � � iL�osrower Not Reteased;Forbearence By[.ender Not a�Vatver. Fa�tarsion of the rime foz payment or modifis�tion �r.� ,�`-�-� �
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<br /> � � o f a m a r o 7 a t i o n a f t h e sums secured b y this Securi ty Instrument granted by Lender tD any successor m inrEaesc of Bouowe�shall , . :r:t�,:�
<br /> _ � '� t not apecate to ieIease the liability of the osiginal Borrower ar Bomower's snccessors in inteaest.Lender s h a l l not b e req u i r e d w . .., :;;;:!�.�;=:
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<br />- �`_ -� - .� wmmeace pmceed�►Ss against anY succe,ssor ia interest ar refase w extend dme for payme�t or otherwise modify amortization of . � ': . .`.:
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<br /> "' '�• ��� � the sams secuted by this Security Inswment by mason of any de�mand made by the origmal Bonowe.r or Bonowed's snccessars ,�`":` y:,�
<br /> • � in interest.Any forbearance by i.ender in exercisuig any right or remedy shall not 6e a waiver of or preclude We exe�t�cise of any �•;;,,'; •�"�� �„,-.-
<br /> • � right or remedy. , , � :• .
<br /> • � , _ �_.
<br /> � lZ.Successors and Asstgns Bovnd;doint a�Several LiebBity;Co-signere. The cavenants �d agreetttents of thia � �=�;
<br /> . ge�riry Iactrament shatl bind and beaefit the successors aud assi�s af Lender and Borrower,subject w the pmvisions of _ . .�:,`-_�_.
<br /> . para g r a ph 17. Borrowa's wvenants and agreemeats shatl be joint and several. Any Bormwer wAo co-signs this Security . . � ,-.���_-:
<br /> ` . Insaument but does not execute the Note: (a)is co-signing this Security Iastcument only w mortgage,S�ant and oomey that . . ;� .�..,-�
<br />- Borrower's inteaest in the Property under the tem�s of this Securiry Instrume�nfi(b)is not personally obligated w pay the sams - _._ .
<br /> . secaued by this Security Instnunen�and(c)agrees tbac Lender and any othea Borrower mt�y agree tn extend,modify,forbear or ' ��:�`;`':'.
<br /> .-�- - maice eny accommodations a+ith regard w the ter.r�cf chis Sece�rity Ins�unent or the Note arithout that Borrower's consenL --� "�-
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<br /> 13,i,aan Charges. If the Ioan secured by th'rs Security Insuument is subject to a law whicb sets mauimum toan charges,
<br /> � � and that law is finally inte�preced so that the inl�est or other toan charges coltecced ar to be colleexed in connecdoa with the Ioan �•,:� �
<br /> � . excecd the pem�lued limits.then:(a)any such loan charge shall be reduced by the amount necessary to reduce the cfiar�e w the �'
<br />= • ,� pamiaed limiC and(b)any sums already wltec.roEd from Borrower which exceeded pemuued limits wiA be refimded w Borrowa. - - �'. `
<br /> .� . �� Lender onay choose to make this refund hy reducing the principal owed under the Not� or by mal�ng a direct payme�e tn �-
<br /> � ? Botrower. If a refund reduces principal.the reduction will be ueatcd as a pardal prepayment without any prepayment charge
<br /> . �` underflise Note. • �� •
<br />-_�` � '_� 14.Alotices. Any nodcc to Borrower provided for in this Seauity Instrument shall be given by delivering it or by mailing it � . .
<br /> . '� by Cust class mail anless applicable law requires use of another method.'Il�e notice shall be d'uected to the Propeaty Address or � ,.. . � .
<br /> } any othe,r address Borrower designates by nofice w Lender.My notice to Lender shall be given by first ctass mail to I.cnder's
<br /> ' . !1 address stated herein or any otha address Lender designates by notloe to Bonower.My notice p�vided for in this Securiry
<br /> ,t . � Inswment shall be deemed to have been given to Borrower or I.ender when given as pmvided in Wis paragaph. �-,� . •
<br /> � � � j IS.Goveratng Law;Severabillty. 'Iliis Securiry Inswment shall be govemed by federal law and ihe taw of the _ �
<br /> ,, jurisdicflon in which the Aroperty is lacated. In the evMsr that any provision or clause of this Security Insue�ment or We Note �
<br /> � contlicts with applicable law.such conflict shall not affect other provisions of this Security Insuument or the Note whieh can be
<br /> �� � given effect without the conflictin�provision.To this end the pmvisions of this Security tnsuument and the Natc are declared to ; . . •
<br /> be severable. .'.
<br /> . ;� , . �
<br /> . • ' Form 8028 9190 �
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