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<br /> , _ paymcnts ntay no lungcr bc nyuircd, ut thc��ptinn c�f l.endcr, if murtg.�gc insurancc rovcrugc(in dic an�ount und tiir thc period =
<br /> that Lcndcr requires)providcd Uy un insurcr uppruv�d by L,cndcr z�gi�in bccames uvuilublc and is obtainccl. Hormwcr shall pay _
<br /> the prcmiums rcyuired to maintain mortgn�;c insurnnc�i��cffect,ur to prov'tdc u Inss rescrvc,until thc requirement for mort�agc _
<br /> ; insurance ends in accordunce with uny written ugreenMni between Borrawer und l.ender or upplicuble luw. _
<br /> 9. h�spection. L.cndcr ur its ugent may make ralsonuble entries upnn .md inspcctions of thc Pri�perty. I.cnder tihall give
<br /> .,,�,,;, Borrowcr nc�ticc at thc ti►nc of or prior to un inspect ion sExcifying rcusonublc causc tor thc; inspr�tiuu. _
<br /> ' 10. Condemnation. The proceeds of any uw�rd c�r cluim far damuges, direct or consequential, in connection with any _
<br /> _,..,���'� condcmmttian or othcr tuking of any part of the Prop�rty,or for conveyiuicc in licu uf condemnution, are hcrcby assigned und _
<br />.-,--�----- shull be paid to Lender. =
<br />: ,,. In the evem of a total taking of the Proprrty,theproceeds shall be applieci ta thc sums scrureci by this Security lnstrument, �
<br /> �. whe�her or nat then duc, with uny excess paid ta Barrower. ln the e��ent af a panial tuking of the Property in which the fair :,,
<br /> � market vnlue of the Property immediately before tt�e�aking is cqual to or greater thun the amaunt uf the sums sr,cured by this -.
<br /> • ;+ Security Instnament immedintely before the taking, unless Borrower and I..ender otherwise agree in writing, the sums secured by __
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the totd �_
<br /> � amount of thc sums sccured immediutely before the taking, divided by (b) thc fair markct vuluc of the Property immcdiately -
<br />_ before the taking. Any balunce shall be paid to Barrower. In the evcnt of a partial taking of the Property in which the fair _
<br /> market value of the Property immediately before tFzeiulcing is less than the�mount of the sums secured immeciiately before the _°
<br /> �� talcing. untess Borrower and I.ender�therwise ugr�e in writing or unless applicable law otherwise provides, thc proceeds shell _,
<br /> �, _ ��• bc applied to the sums securecl by this Security Instrument whether or not the sums are then due. -
<br />�"�'•�+�f� If the Property is abando�ied by Rorrower,or iL after notice by Lender to Borrower that the condemnor offers to make an _
<br /> uwurd or settle a claim fur damages, Borrower fails to respond to Lender within 30 days ufter the date the notice is given, �
<br />-`:-�?iy� � Lender is authorized to collect and apply the proce�ds,at its option,either to restorntion or repair of the Property or to the sums
<br /> ��,�,,. secured by this Security Instrument,whether or not then due.
<br />-ti->;�;,� Unless Lender und Borrower otherwise agree in writing, any application of procee.ds [o principal shall not exrend or
<br /> _;;'-i� postpone the due date of the monthly pAyments rcferred to in paragraphs 1 und 2 or change the umount of such payments. -
<br /> anL;�� 11.Borrawer Not Released;Forbetirance Sy Lender Not a Walver. Extension of the time for payment or modi6cation
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<br />-�'.x,�,y„� of amortization of the sums secured by this Security Instrument granted by I.ender ta any successor in interest of Borrawer s �
<br />��'--°�%' not operate to rele.ase the liubility of the original Borrower or Borrower's surcessors in interest. L,ender shall not be required to
<br /> r'+G`�►-""^"� mmmPnrr Fr��Prtlinos against uny successor in interest or refuse to extend time for puyment or otherwise modify amartizsation
<br /> _'"_�d�� of die sums securedVby this Secuiity Instrument by reason of any dcmand made by the ori�inal Bottower or Bocrower's
<br /> ,_,_;_:.�� successors in imerest. Any forbearance by Lender in excrcisinfi any ri�ht o�remedy shull not be a waivcr of or preclud� the
<br /> _•��••*�t� exercise of any right or remedy.
<br /> �`,�� 12. Succes�ors and Asslgns Bound;Jolnt nnd Severnl Llability; Co-slgners. The covenants and agreements of this
<br />�54�:��,;� Security Instrument shall bind and benefit the succrssors and assigns of Lender and Borrower, subject to the provisions of
<br /> -1c;rs� paragcaph l7. Bonower's covenants and ageeemen�s shall be joint and several. Any Borrower who co-signs this Secunty
<br /> Instrumelt but does not execute the Note: (a) is casigning this Security Instrument only to mortguge, grant nnd convey t�at
<br /> _��:;j� Borrower's intcrest in the Property under the term�of this Security Instrument; (b) is not personaUy obligated to pay the sums
<br /> - �-"�� secured by this Securiry Instrument;and(c)agrees th�t Lender und any other Borrower may agree to extend,modify,forbeat or
<br /> --=�� make any acwmmodations with regard ro the terms o(this Security Instrument or the Note without that Bon•ower's consent.
<br /> - `='��, 13.Loan Charges. If the loan secured by thisSecurity Instrument is subject to a luw which sets maximum loan charges,
<br /> ��� and that law is finally interpreted so thnt the interes�or other loan charges collected or to be collected in connection with the
<br /> loan exceed the permitted limits,then: (a)any such los�n charge shnll be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded Io
<br /> Bortower. Lender may choose to make this refund by reducing the principal owed under the Note or by making n direct
<br /> _ == payment to Borrovrer. If a refund reduces principal, the reduction will be treated as u partial prepayment without any
<br /> - -_��"`� prepayment charge under the Note.
<br /> �__�, 14.Nottces. Any notice to Ho�rower provided for in this Security Instrurr:ent shall be given by delivering it or by mailinp,
<br /> it by fir�t class mail unless applicable law requires use of another method. Thc notice shull be directed to the property Address
<br /> or eny other address Horrower designates by notice to Lender. Any notice to L,ender shull te given by first cluss mail to
<br /> ---— � Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in t�is
<br /> �-- Security Instrument shall be deemed to have been giren to Sorrower or Lender when given ns provided in this paragrnph.
<br /> -=`.r;:�� 15.Governing Law; Severnbillty. This Se�vrity Instrument shall be govcmed by fedeml law and the la�v ofthe
<br /> =^~:�=-3�� jurisdiction in which the Property is locuted. In tt�eevent that any provision or cluuse of this Security Inswment or the Note
<br /> -��''�' conflicts with applicable law, such conflict shull not affect other provisions of this Security Instrument or the Note whi:h can be
<br /> ==.;���„�;°` given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> - ��'"5�`� to bc severable.
<br />-.'�;�„."_`." ' 16.Borrotver's Copy.Borrower shall be givenone conformul copy of the Note and of this Security Instrument.
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<br /> =.,T�:y�;,�'� Form 3n28 918�
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