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<br /> � .' � PaYme�ts tnay no longer be requ'srod,at the option of I.ender,if mortgage ins�aanoe coverage(a�the amount and for the period . . � ` .
<br /> • ' that Lender req�ues)Proveded by an ins�uer appmved by Lender again b�omes available aad is obrained Bonower shall pay We ,.. ,
<br /> air
<br /> 1 pre�ninms requaed to maintain mort�g�ins7uaaoe in effect.or ta provide a loss reserve. uaa7 the requffement for mortgag�
<br />- : " insurance eads in aocordance with any wriuen agreemeat betareea Boaowex and Leuder or applicab2e taw. • ' .
<br /> . .. '`;�j 9.Inspec�on Lend�or its ageat may make reasonable entries upon and inspections of the Property.Lentler shall give �� , . -_.. . _
<br /> . - Barrower aorice at t he time o f or p ri o r t o a n i n s p e c d o n s p e c i f�m j g reaso�atsle cause fos�he���+nn -,-- .-.--
<br /> � - 10.Condemnation 11ie proceeds of aay award or claim for damages.direct ar consequential,ia oonnection with any � ;�
<br /> � � condemnation or othar taking of any part of the Fropeaty,or for conveyance in lien of oondemnation,are heieby a�gned and
<br /> ... , 'p shall be paid w Lendei. . ... .
<br /> - � ; In the event of a wtal taking of the PmPertY,the proceeds shall he appli�d w the sums s�by this Securily Lv..-'-r��s. - -
<br /> ,. � . whett►er or not then�.with any eacess paid m Bonower.In t�e event of a partial taking of the Property in whicb t2is�aa�ez . .
<br /> - � va.,�:z e2f e�e Propesty i�o�edi�eIy befare the tak�g is�.�;n�t�c�r greater than the amount of the snms sec�ued by�'s SeauitY ,.�::.' :
<br /> e f ,.^; .
<br /> � Yns�n�.:s IInmediatety before the takmg, anless Boimwer aad Leadea otheiwise agree m writiag,the sums s�fi+ttus .. `�,;::�
<br /> AITI
<br /> , ; .��.� Securiiy Inswmeat s6aII be reduced by the amoimt of t6e proceeds mWtiplied by the following&ac�on:(a)the mtal amount of '.y, �� .
<br /> the sums seaued 'unmediately hefore the taking,divided bY(b)the fair market value of the Ropaty immed�iately before the �',`�'=•
<br />� • - �lcing.Any 6atance shari be paid to Borrowea.In the ev�t of a pattial tatsmg of the Avpeny in which the fair market value of the . , �
<br /> ; propcaty unmediatety before the takiag is less thaa the amousit of the swns sectaed immediatcly 6efore the taking, unless . _-
<br />-`— -- �-- Boirower and Lender otheawise agtee in writing or untesq applicabte law otherwise provides.the praceeQs shall be appHed w ihe . � • , ,t �:-
<br /> � swns sepued by this Security instrument whether or not the sums are then due. • � ;,��
<br /> _ . ° IC the Properiy is obandoned by Borrower.or if.after nodce by l,ender w Borrower Ihat the caadeara►or offers ta matce an • - 3.,.�
<br /> �
<br /> ' award or scWe a claim for damagcs.Boaower faiLs to respond to La►dcr wilhin 30 days aftcr the date Ne aotic.�is given.Lcnder �. . � '._�_�`;• �
<br /> �' is suthorized to colttxt and apply ttte ptoceeds.at its opdon.either to restoration or rcpair of�he Propecty oi to tlie sums secured ��-
<br /> � , � ' .. . � " 'z-
<br /> , , by this Securiry lissuumcn�whether or nat Ncn dua ,; ���`+'-`��
<br /> UNess Lender and Bnnower otherwise agree in writing,�►y aPPlicatinn of proceeds tn principaf shail not eatend or postpone . . .y'�;;�,�,,
<br /> '-<.. . :. '''::•�
<br /> � tlie due datc of thc monthly paymeats refcrred to in paragrapAs 1 and 2 ar change the amount of such payments. .
<br /> � 11.Borrower Not Released;For6earaace By Lender Not a Waiver. Extension ai the time for payment or madifccation • `{,�z�^
<br /> � of amoru�adon of the sums secured by dtis Security Iasuument granted by Lendes to any succe�ar in interesc of Bomnwe�r shall �.-.T
<br />- � aot operate co release the liability of the ariginal Borrower or Bomnwer's successors in interest Lei►der sf�all not be required tn ��``�
<br /> �-.
<br /> , . ' commence proceedings against aaY successor in int�t or refuse ta extend timme foz paymeat ar otherwise modify amoruzation of :
<br /> the swns se�c�ued by this Security Instrument by reason of any demand made by the ori�nal Borrower or Borrower's successors - , ,f,,_�_-
<br /> , ' in interest My forbearance by Lende.r in exercising any right or remedy sha11 not be a waiver of or preclude the exeacise of any .' ��
<br /> � right or remedy. : . '-''�
<br /> lZ.Sacoes�ors and Asstga4 Bouud.Joint a�Sevwral L�ab[iIty:Co-signers. 'Chc covenants and agreeinents af this . .. .
<br /> . . � Security Instrumea►t shaall biad and benefit the succe�sors and assigas of Lender and Bomnwer.subject to the provisioas of `..,�_',�.=�
<br /> ll �
<br /> . � P�agraph 17. Bozrowes's covenants and a�eements shall 6e joint and sevecal. Any Bosower who co-signs this Security . • ''".`
<br /> . •.d�'�
<br /> Inswment but does not execute the Note: (a)is co-signing this Secwity Insw:'�t only w mortgage,giant and convey that .���„Y
<br /> Bonowea's interest in the Property under the tenns of this Securiry Instiument;(b) zs aet personally obligated tn pay the sums . �:.,�,9:
<br /> • secaued by this Sectuity Instramen�and(c)agrees that Lende,r and any other Bomow•er�ay agree to eatend,mod"dy.forbear or � . ` •�°
<br /> u�alCe any accommodations with regard to the tecuis of this Secwity Insuument or the Nate without ihat Borrower's conccat� , �`;5
<br /> , 13.Loan Charges. If the Ioan secured by this Securiry Insuument is subject to a law which sets maaimum loan cfiarges, . , . ,.�;
<br /> , . . and that law is finalty inte�preted so that the interest or othea loan charges ce:tected or to be collected'm wnnecdon wi�h.the loan . -
<br /> . exceed�he permitted limits,then:(a)any sacb toan charge shall be reduced by the amount nece�sary to reduce the charge to the � �. . � �
<br /> �:;r pecmitted limi�and(b)any sums alrcady coIIected from Bonowex which excceded peamiued limits will be refunded w Borrowrx. : :
<br /> Lender map choose w make this refund by reducing the principal owed under the Notc or by matang a direct�ayment w .. ,.
<br /> � Horrower. If a rcfund reduces principal,the r�:,3uction will be Greazed as a partial prepaYment without any prepayment chargc �
<br /> . � '
<br /> • i under the Note.
<br /> � 14.Notices. My notice w Botrower provided for in this Security Instrument shaU be given by deGvering it or by mailing it .
<br /> `.; by fQSt class mail unless applicablc law requires use of another method.'Ihe notice sha11 be directed w the Propeat}+Address or
<br /> '�.. . •; any other address Borrower designaaes by notice w Lender.Any notice w Lender shall be given by first class mail to Lender's, • . .
<br /> address stated herein or any other address Lcndcr designates by notice co Hoaowcr.My notice Drovided for in this Security�, . . _
<br /> � Iasuument shaU be deemed to have been given to Borrower or Lender whcn givcn as provided in this paragraph. '; �
<br /> � 15.Goveming Law;Severa6ility. This Security Instrvment shall be govemed by fcdcral law and Ihe law of ��� _
<br /> . 1 jurisdicpon in which the Property is tocated. In the even!that any provision or clause of this Security lnstrument or the Note � .
<br /> � ' . I conflicts with applicable law.such wnlLct shall not affect other provisions of this Scx�riry Instrument or the Note which can� � . . ,
<br /> � given effect aithout the wnilicting provision.To this end the provisions of this Securiry Inswment and the Note are declared W
<br /> • be scvcrable. • � •
<br /> Form 3028 9190 � .
<br /> �-8H(NE)�ez+2>.o+ vaaasoie inmaro: . _ �
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