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<br /> _ ` , . v , payments may nn l.onger be reqirired,at the option of Lender.if mortgage ins�*��coverage("ln the amount and for the period r . ..� , ... .
<br /> ` "- that Ixader reqoires)provided bY an in�urer appmved by Lender again becomes availabte and as obtained. Bor�wer shall pay [
<br />-�-�� ' - - -- the pr�iums reqaiied to maintaia mortgage ins�uance in effect.or to provide a lo�resenre,until the requiremeni for mortgage `. _:- i:.
<br /> " � ins[uance ends in accordance with any written agreement between Borrower and i.ender or applicabte law. -- •',�
<br /> - ` 9.Insp�oa.Lender or its agent may make reasonable entdes upon and inspeaions of the Property. Lender shall give �
<br /> �,� Borrower notice at the tim�of or prior to aa impeaion specifying reasonable caase for the inspection. ' . .
<br /> ' 10.Condemnation.The pmceeds of any award or clairn far damages,direct or consequential,in coanectian with a�► , ,.:t: ,�.. '
<br /> ;s ' '. condr�nadon or other taImig of any part of the PropertY.or for couveyance in liw of conde�nnnation,are heieby assigned and .__ . -
<br /> F;c � shall be paid m L,ender. ` ° .,.�^'
<br /> �`� � .. , In tbe event of a wtal taking of tHe Pcapertp,the pmceeds shaA be applied to t�e sUms s�iry this Security Inson�me�t, , . ...
<br /> � whether or not tl�n dne. with any ex�cess paid to Boaower. In the event of a partial tal4n g of the Progercy in wIrich the fair .�<.�,Y„���.
<br /> ;' , �,":.'� .�� :.
<br />-;: : , market value of the ProPe�tY imm�lY befoie the talting is eqnat to or greater than the amount af the sams secur�d by tius . ., _:?�:`
<br /> Security Ynstmment immediatelY befnre the taian8,tmless BoTrower and Lender athezwise agree in writing,the s�mos secu�d i�Y , , �
<br /> m
<br /> -f�r � tbis Secarity In�rament shall be ieduced by the amount of the proceeds multipIied by the following fiacxioa: (a) the wtal �� •;;;4� ' ��, =
<br /> _•; �,
<br /> .��,._:-•,.' .. amannt of the sums secured immediatelq befoie the taldng,divided by(b) the fair market vatae of the Property unmediatelY �'�'r:':S �_ --
<br />'S;'- �• . ` ' before the tatdng. Any t►alance sLall i�e paid to Borrower. In the event of a partial ta�nS of the Pmperty in wluch the fair , , . _
<br /> <f �mmediatpl bCfOIC the .
<br /> . � matket valae of the ProFertS'immediately before tbe taldng is less than the amounc of the smns sa.�ured� Y � ;::�.
<br /> �4 ' . . . :`n�,_ _
<br /> < taking,anless Borrawer and L,ender otherwise agree in writimg or anles4 app�icab2e law othetarise provides. the pmc�etis si�all y ---.- ti�_,_=
<br /> �`' ' be applied to the s�ms secured by dns Secnrity Instcameat whether or not the sums aie t h en d n e.
<br /> :�; � '''�' If�he pmperty is abaadoned by Bomnwer.or if.after notice by Lender to Borrower tLat the condemnor offers to make an .. , '��'-
<br /> ' �'
<br /> ' � award or setde a claim for damages, Boaower fails w respond w Lender within 30 days after the date the notice is given, "�
<br /> or w the sams �,�•, ' � �- -
<br /> �s'-; , � ;;--t Leader is authotized w callect and appiy the proceeds,at its opdon,either to reswration or repair af the Property , . .'_....�;:y
<br /> � �'• secured by t6is SecutitY Instcameat,wLether or not then due. �cation of mceeds to rincipal shall not extend or ' • r •~
<br /> t�.� - E Unless Lender and Borrower othezwise agiee in writing, anY aPP� P P . :}:;�,.,,. .�.,'�'__
<br /> �.�� `,� �r� postpone the due date of tbe moatlily pagments zeferred to in parsgraphs 1 and 2 or rh�e the amouni af sach payments. � , -=
<br /> ;�'��� � �7_�-
<br /> � il.Borrower Not Released;Farbearance BY Lender Not a Waiver.Extension of the time for payment or modificauon l ti�`.
<br /> ' '., of amortizadon of the sams secared by ttus Seauity Ins'avment gtanted by Lender to any saccessor in inteces�t of Borrower sBa11 _ . --
<br /> •: an e
<br /> •`;! a not opetate to release the liability of the original Borrower or Bonower s sar,ce.csois in uuerest. l.ender sball not be teqaired w .. •__
<br /> S } ���p��e�ings against any successor in interest or refuse to extend time for payment or othervvise modify amordzation . � �',>Hr
<br /> ..5 of the sams secnred by tbis Securitp Insuumen�by �ason of any demand made by the o�iginal Barrower os Borcower's .,. �:�:�-.
<br />.. . . � � saecessors in interest. Aay forbea�ance by Lender in execcising any right or remedy shall not be a waiver of ai pr�cIude the � . ':... .,.D;
<br /> ' exen�se of any right or•s�emedy. ..�jF.
<br /> :.,� • . :,
<br /> i 12. Suocessors and Asslgag Boiusd;Joiat and Several LiabNty; Co-signeis. '14ie covenants and agteemenrs of tbis . . . •';=�;-
<br /> . � II . :
<br /> �� .. , Security Instr�ment shaU bind and 8eaefit the successors and assigns of Ixnder and Borrower. su6ject to the pmvisions of ,._ ''..;y.,
<br /> j P�S�Ph 1�. Borrowes's covenants ancl agieements st�all be joint and several. Any Barrower who co-sigas this See:urity •, . .
<br /> ga
<br /> _-= . . •-? Insuument bnt does not execute the Note: (a) is co-si8nin8 this Securlty IASaument only to mortgage,�ant and convey that ... ,a_:
<br />� '; . B o a o w e r's i n t e r e s t in the Pro pe rt y under the terms of tbis Security insaument;(b)is not personally obligaced[o pay tlie sums " ,:��_
<br /> �. ' - secured by this Security lnsuumeat;and(c)agrees that Lender and auy other Borrower may agree to exceud.modifY,forbear or . •�
<br /> . , make aay accomutodatFons with regard to the terms of this Security insuument or the Note arithout that Borrower's consen� . - , °_
<br /> 13.I.aan C6arges.If the loan se�ured by tdis Security Instnunent is subject to a law wiucb sets maximwn loaa charges, � , ••
<br /> ' and that law is finally incerpreted so thac t6e interest or other loan charges wllected or to be collected in connecdon with the s�:'
<br /> � �•'. . . loan exceed the pemntted limits.tlien:(a)aaY snch loaa charSe shall be reduced by the amount necessary to reduce the charge ' • ' •
<br /> - ' to the permitted limit;and(b)anY sums alteady cullected from Bosrower w�ich eaceeded pemutted limiu wil!be refunded to
<br /> ' gurrower, L.ender tnay choose ro make tlds refuad by reducin� the principal owed ander the Note or by malting a direct , , .
<br /> �•,;. payment to Boaower. If a cefand reduces principal. the reduction will be ueated as a partial pnpayment withont any .
<br /> . • prepaymeat charge under the Note. '
<br /> � � 14.Notices.Any nodce to Boaower provided for in this Security Insuument shall be given by delivering it or by mailing ;,�,� .
<br /> � , : it by first class mail w�less applicable law requires use of another methad.The notice shall be directet!to the Property Address � .
<br /> ,�'��; .. . ,
<br /> or aay nther address Borrower designates by notice to Ixnder. Any notice to Lender shall be pven by first class mail to
<br />_ • , .� Lender's address stated herein or aay other address Lcnder designates by noace to Borrower. Any nodce pmvided for in Wis � - . , ..
<br /> ' .; gecurity lnstrument shaU 6e deemed to dave been given to Bonower or I.ender when given as provided iu this paragtaph.
<br /> i l5.Coverning I.awi Severablltty. This Security Instcument shall be govemed by feclerai law and the law of the �
<br /> jurlsdicdon in which the Property is located. ln the event that aay provislon or clause of this Secutity lasuument or the Note .
<br /> �I conflicts with applicable law,such conflict shall not affect other provisions of this Security lnsuument or the Note which can be
<br /> ..�...: given effect arithout the wnflicting provision.To this end the provisions of this Se�urity insuvment and the Note are declared
<br /> '� i to be severable. ' �
<br /> _ �. � �6.Borrower's Copy.Borrawer shall be given one canfomned copy of the Note and of this Seciuity Instwnent. :
<br />_+ . i Form 3028Q�l�190 ',
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