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<br /> � , payment�may na longer be required, at the option of ixnder,if mortgage n.urance coverage(in the amount and for the peciod I
<br /> 'res rovided b an Insurer approved hy Lender again he�nn�es availuble xnd is ohutined. Borrower sliall pay
<br /> .., that L.ender requ� )p Y
<br /> 1 the premiums reyuired to maintain mortgage insurance in effect,or to pravide a loss reseNe. unUl tbe requirement for niortgage
<br /> Inswance ends in accordance with any written agreement between Borrower and Lender nr applicable law.
<br /> � 9,Ins�tton. Lender or its aEent may make r�xsonablo enuies upon and inspections of the Property. Lender shall givc
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<br /> Bonower nodce at the time of or prior to an inspection specifying reasonable cause for the ir,specuon.
<br /> 1 10. Condemnatton. The proceeds of any award or claim for damages, direct or consequenqal, in connecdon with any — _
<br /> condemnntion or other taldng of any parc of the Property, or for wnveyance in lieu of condemnadon. are bereby assigned and
<br /> shall be paid to L.eader.
<br /> In the event of a rotal taldng of the Properry. tlie proceeds shall be applied to the sums secured by this Security Instrument, . .�._••;w•.,•.-,.-,r
<br /> whether or not then due, with any eacess paid to Bonower. In ttie event of a partial taking of the Propeny in which trie Pair ,�:��r��'�-Y`
<br /> m:uket value of the Propeny immediacely before the talcing is equal to or greater than the amount of tLe sums secured by this ;:;. ..___--
<br /> Security Inswment immediately before the taking,unless Bonower and Lender athenvise 3gree in wriang,the sums secumd by ��
<br /> ttus Security Insuument shxll be reduced by �he amount of the proceeds rauldplied by the following fracdun: (a) the total =._,�,.
<br /> attiount of the swn.. secured iaunediately before the taking, divided by (b) the fair market value of the Property immediately • �..:'�'y
<br /> before the taking. Any balance sball be paid to 13onower. In the event of a partial taking of the Property in which the fair , ��,
<br /> market value of the Property immediately before the taldns is less than the amount of the sums secured immediately before the �---
<br /> . • { talcins, unless BoROwer and I..ender otherwise agree in wridug or unless applicable law othetwise provides, the proceeds rha11 . .
<br /> be applied to the sums secured by this Security lastmment whether or not the sums are then due. ',;;,�, �
<br /> �. If the Property is abandoned by Bonower,or lf, after nodce by Lender w Borrower that tlie condemnor offers ro make an - �.: _
<br /> award or setde a claim for demages, Bonower fails to respond to Ixnder within 30 days after ttte date the notice is given, �:,i. �-
<br /> � Lender is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Pmperty or to the sums ,r;
<br />_. . . _. _ J0..�..��yy���t�I��P�,whF�her or nnt then due. _ _
<br /> Unless Ixnder and Bonower atherwise asree in wriang. any applicadon of proceeds to principal s�a ll noc exce t u l ur _
<br /> " � postpone the due date of the monthly payments referred to in para�Cap6s 1 and 2 or change the amount of such payments. ��a ��,
<br /> ;,� I1.Borcower Not Released;Forbeurance By L.ender Not a Waiver.Extension of the time for payment or modi8cadon � ,�
<br /> of amorti��adon of the sums secured by this Seeurity Instrument�ranted by Lender to any successor in interest of Borrower shaU i �`i :
<br /> rti
<br /> � nat operate to release the liabillty of the original Borrower ar Borrower's successors in interest. Lendet shall not be rr,s�uired to ; ,�y
<br />� cosnmence ptoceedings against any successar in iuterest or refuse to extend time for payment or otherwise modlfy amordzadon ,, ,�
<br /> of the sums secured by this Security Instnunent by reasou of any demand made by the ori�ival Borrower or Borrower's ;�� e
<br /> successors in interest. My forbearance by Lender in exercising xny right ar remedy shall not be a�vaiver of or preclude the
<br /> exercise of nny rlght or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several Uability; Co-signers. The coveaants and aAreements of this __ _
<br /> Security Insuument shall bind and benefit the successors and as�igns of Lender wd Boirower, subject to the pmvisions of ��
<br />� ,'��`. paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Boaower who co-signs this Sxurity �'`�r!���
<br /> .`.s`� Insuument but dces not execuce the Note: (a)is co-signing this Security Insuument only to mortgage. grant and convey that �.
<br />- Bono�ver's intenst in the Propeity under the terms of this Securiry Instrument; (b) is not personally obligatect to pay tl�e sums �,: �`_
<br /> secured by this Security Instr�cnent;and(c)agrees that L.ender and any other Bonower may a�ree to extend,mod�fy�finrbear or
<br />�:? � make any accommodadons with regard w the terms of tlris Securiry Instrument or the Note witliout that Borrower's consent. �._
<br /> 13. Loan Charges. If the loan secured by this Securiry Insuumettt is subject to a law wtuch sets maximum loan chazges, _ _
<br /> and tha� law is finally inierpreted so that the incerest or ot�er loan c�arges collect�d or to be collected in connecdon with tLe
<br /> � loan excced the pernutted limit,s,then: (a) any 5'nch loan eLerge shall be reduced by the amount aecessary tn reduce the charge __
<br />'� to the permitted limir and(b) a�►Y suws already wllected from Borrower whicb exceeded pecmittecllimits will be reftwded to , ___
<br /> Banower. Lender may choose to make this refund by reduciug tLe principal oaved under the Note or by maldns a direct :'� �`
<br /> '� „ payment to Borrower. If a refund reduces principal, tbe reduction will be treated as a partial prepaymene without any ,�'��,.���
<br /> pregayment chxrge under the Note. , v.`YL "
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<br /> 14. Notices. Any nodce to Bonower pmvided for in t�is Security Insttument sUall be given by delivering it or by mailing , .«:.;Kt.� ,
<br /> it by first class mail unless applicable law requ�res use of another method. 'I�e notice shall be directed to the Property Address �. ',�;';��i91•:�;:-..:
<br /> �:;: .
<br /> or any otber address Bonower designates by nodce to Lender. Any notice to L.ender sLall be given by first dass mail to �'���_..k.� ..
<br /> Lender's address stated herein or any other address Lender desigautes by notice to Bonower. Any nodce provided for in t�is . ��,; "�=t.
<br /> Securicy Iastrument sl�all be deemed to have been given to Borrower or L.ender when�iven as provided in this paragraph• •• '
<br /> I5. Governtng Law; Severability. This Secutity Insmtment shall be gaverned by federal law and the law of the � . . -
<br /> jurisdicdon in whYCh the Property is IocateJ.In the event that any provision or clause of this Securiry Insuument or tlie Note
<br /> conflicts with applicable law, such conflict shall nat affect other provisioas of this Security Insm�ment or the Note which can be �
<br /> given efkct without the conflicting provision. To this end the provisions of this Security Iastrument and the Note are declared
<br /> J to be severable. �' �
<br /> _ ,� n........WO..+o r....., Anrrnwer r.ltall he aiven one confotmed copy of the Note and of this Security Instrument.
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<br /> I � Form 3028 9190
<br /> ��BRINEI WZt21.Ot vege�ot 0 inu�b:� '
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