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<br /> . s payme�ts may ao tonger be requi�d.at the option of Lender.if mostgage ins�aance ooverage(in tlze amount�d for the period � �
<br /> •` . t Lhat Lc�der requires)Frovided by an�aggmYed bY Leadcr a�n becomes available and is obtamed Batmwer shall pay d►e ,
<br /> P���4�tn mainmin mortgaSe in�ance ia effect.or w provide a�OSS neseive.unt�the re�ui�►ent for maitgage
<br /> �•o, `
<br /> • `. `t`�., ins¢�ance ends in acoordance with any wriVen agreemeat 6etwcen Boaower�d I.e.ndea or applicable iaw. ��-; ..
<br /> agree ��
<br /> . - - 9.Inspe�Ion. Lender�its ageni may make reasonabie eauies Upon and inspocxions of tLe Araperty.Lender shall give ��:• .
<br /> . reasonablc cause for the inspecdon. -�.'`� .`
<br /> " Boaower notice ai the time of or prior to an insp�tion sp�f7'in8 . - -- : �
<br />,` • 10.Condemnatioa. Ttie pmceeds of aay awa�d or claim for damagcs.d'uect or co�equemial.in conaearfln wah any __--:L==5.::._-_._.:
<br />- ' � . condemnation ar other taking of any pazt of ihe Pr+opeatY.or for conveyance m tieu of condemnarion.are hecrby assigned an8 v.`
<br />,::�. � stoatl6e paid to Le�der. •� ` ' . .
<br /> - in the eve�t of a wtal taking of the Aropeaty.the praceeds shall be spplied w the snms secuced b3►this SecuritY I�n�raent,
<br /> .. ' whether or not thc.a due,with any e�ss paid to Boaowea In the event of a p�ertial tal�ng of the PropertY m wdich the fair market ....
<br /> valne of the Pmpeaty immeidiateely before tbe taking is eqaal w or greater than the amouni of the svms see.vmd by this Sec�iiY
<br /> iat
<br /> � Insuommt imme�atetY before the talting,untess Bartowea mnd Lsader otheawise agcee�n wr�nS. the�ms secured by this _ _
<br /> - • g�uityr Tns�me�i s6all be:educed by the amount of the pmceeds muttiplied by the following f�acdan:(a)the total bamo�the ` �„����
<br /> edu
<br /> � the s�uas s�immediately before the takmg,divided bY(b)the fair marlset value of the Puopeacy immediarelY �":��.�
<br /> � taEdng.Aity batance shall be paid w Boaower.In the event of a partial taI�mg of the Yrop�ty in which the fair martcet�ralae of the . , -
<br /> , Property unmediatetY before the ta�ng is less tLan tlie amount of the suras sec�ed immed�ately befare the takimg, �nless �. �', .�.`'�= R
<br /> - ' Bormwer�d Leudea otheawise agree in v�rsiaog or unless applicable taw othawise provides,the proceeds shall be applied w the : -�,,_
<br />_ -: ,..:.:;s�;•:
<br /> � su�s secared by tbis Secarity Insaume,nt whether or not the sums are thea dne. : :> .- .;: ,
<br /> If tbe Pmpcity is a6andoned by Bmrowea,or if,aftec notice by Lender to I�onower tLat the condemnor offers ro make an ,- � �_i.�—:
<br /> ;' : `, .,,:,. �.�,��.
<br /> ,`. . - aw�d ar setue a claim for damages,Boaowes fa7s m respond to Le�dea withIIi 30 days aftrd the date We natice is gtv�,I.euder :,. . ..;�.
<br />`�•'�` � ' - is anthorjzed tD coIlect and apply the pmceeds,at its option,either w resc�rarion or repair of the Propeaty or to the sams secu�ed ��-�---"- �_--
<br /> '�,�; . ., by this gecauity IasttnmenL whether or not dten due,. p aty ne � , �`;`f`
<br /> � UNess Lendex and Horrowu oth�wise agree m writiag,anY ePPlic�rion of pmceeds w prmcipal s6all nai extend or postpu -
<br /> n �
<br /> �. . .� , ents refeared tn in pa�agraphs 1 and 2 or c6ange the amount of sach payment�. "`.�`^
<br /> . , the due date of the montblY PaYm ` :. ,`���'.,
<br />:..,�J� � iL Bosrowes Not Reteased;Forl�earance By L4uder Not a Wafres. Exteasion of the time for paynient or modi�on F:
<br />;:r,s. of amordrdiion of the sums secured hy this Security Inswma►t granted by Lender to any succe�or in mterest of Bormw�s 6 a ll � '•.. ° �.:��=.�
<br /> ?.?'� , ' not opeiate m re�ace the liability of the original Borrowe,r os Boaower's suocessois in inieres�Lffidea shaU noi be reqaired to . : , ::,<���:�=^ `
<br /> . ( . � ' ���F�' �
<br /> � ` ootnme�ce pmceediags agaiast anY snccessor in int,�est or refuse to extend dme for paymeat or otherwise madify amarti�on of ..
<br /> � Borrower or Bmmwea's snt�e.ssors '.:�s;:�___.
<br /> the snms secured by this Seauity Inso�umea�t by reason of any demand made by the original , ::;i 3;•:•�;�--
<br /> :�i� . in int�rest..Any forbearance by I.enda in exer�cising anY right or remedy sball not be a araivea of or preclude the eace¢cise of aay � ''�'"•��
<br /> , right or resnedy. ; :`;' �,..-�
<br /> . l2.Snccessors a�a�As�igns Bound,Joint and Severaf LlabWty3 Co-siSne�.'Itie covenantc and a$�r�ts of this �_;�•`
<br /> `r':; � Seauity Insuvme�t shaD bind and benefit the saaessars aad assigns of Le�dea and Botmwer,subject w die pmvisions of � � .��,�;_
<br />-- ." . ` paragiaph 17. Boimwa's cavenants aad agrcements shall be ioint and several. Awy Borrow� who co-signs tbis Secmiry •;;��
<br /> ap
<br /> • � Instcumeant but does not execute the Not�(a)is co-signing this Seauity lnstmment only tu mongage�Aant and convey that . ; _?��.
<br /> ','�� Bormw�'s interest� the Property�mder the tenns of thig SecuritY Instrumen�(b)is not peasoaally obligated w pay the sums ''.:.w=."':
<br /> . ',, .:.,:�..,
<br /> : . .. seaued by this Security Instiumen�and(c)agree.s that Lender and any othea Hoaower may agcee to extend,madifY,forbear or , '.'��
<br />- '.` ,' make any accommodations arit6 regard w the te.m�s of this Seauity Ins�ument or the Note without that Borrowea's consent � : : �_
<br />°��"'• . 13.l.oan C6arges. If the toan secured by thi9 Security Instrume�t is subject to a 1aw which sets ma�cimum Ioan ci�arges, • . _ .,
<br /> and that law is fmaUy intapreted so that the uiteaest or oth�loan cbacges wllected or w be collected in coimection with the Ioan . ;•�-�-��-;.
<br /> . ' � � exceed the permitted limits.theo:(a)any such loan charge shaU be reduted by the amount nece.�sary w reduce tDe charge W the �_ . .
<br /> , permitted limix and(b)any sums atready w1Ie�ted from Bomuwes wluch excecded Permiued lirnits will be refanded w Bonower. .. . -
<br /> Lender may chaose to malce this refund by reducing the principal owed nnder the Note or by making a d'uect Payment w ,
<br />;�;:,�, . ' � Boimwer. If a refund reduces princtPal,the rcduc6on wUl be ueared as a partial PrepaYment without anY Prepayment charge
<br />- • � uadea the Noto. . -
<br /> � 14.Notkes. My notice w Borrower provided for in this Securiry�nswm�t shall be given by delivering it or by mailing it <`
<br /> by f�rst ctass mail untess applicab2e law requires nsc of another methad.'1Le nodce shall lie directed w the Propeny Address or •
<br /> ' ,. • � any other address Borrower designates by notice to Lender.Any notice w Lender shall be given by first class mail to Lendea's . .
<br /> � address stated herein or any other address Lender designates by notice w Borrower.My notice provided for in this Security
<br /> ,`: ; . Instrument shaU be Qeemed w have been given to Hocrower or I.ender when given as provided in this pmagraph. ,
<br /> I5.Governing Law;Severabiltty. 'Ihis Security Iastrument shall be govemed by federal law and the law of the
<br /> ' • jurisdiction In whicb the Property is located• In tlie event that any provision or clause of this Seacrity Insuument or the Note .
<br /> � • - conflicts with applieabte iaw,such conflicx shall not affect other pmvisions of tLis Seeurity Instrument or the Note which can be .
<br /> given effect arithout the wnflicting provision.To thi�end the provisions of this Scxurity Instrument and the Note are dectared tu •
<br /> . • be scverable. � .
<br /> � Form 5048 9190 • �
<br /> ' � . �O•BR(N�19212).Ot Payo 4 of 6 tnlllats: ...
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