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<br /> at the option of Lender.if�ortgage insurance wv�rage(in the o�mt and for the penod . -,S�� ,
<br /> ;,� ,� paya�nts may no tonger 6e requirefl. ' °,..:.�
<br /> , � :-s that I.es�der requires?Provi d e d b y a n i n s n r e r a p P r oved b y Lender again becomes availahle and is o�sained. Borrower shall pay
<br /> . _ • uired to maintain mortgage insurance in effect,or to pmvide a loss ceserve.nntil the requuement f ar mo n g a g e
<br /> -,.�-•-�n the premiums re9 -' -- .-:--'
<br /> . -.;-�?.:-`; insuranoe eads ia accordance wiffi any written agreem�nt between Barrower and Lender or applicable law. �er shall give -. .�. .� ..r,.: .
<br /> ` 'r .� . 9.Inspedton.L�nder or its agent may make reasonabte entries upon and inspections af she Praperty• -�_�-:_--�;-_<•. -
<br /> = Borrower norice at the[ime of or prior to an inspecaon sPecifying reasonable cause for the inspection. - .� ` �`�.. '°
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<br /> . 10.Condemnatlon.The pmcceds of any award or claim for damaSes,direct or consequential, in connection with any _',t ,'� .
<br /> • condemnation or other taldng of any part of the PropertY,or for comreyaztce in Iieu of condemnauon,ace herebY asssSned and , ,.
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<br /> � ` s6all be paid to Lender. �`. ,<'<<°
<br /> ` In the event of a total takin8 of the Propetry,tl�e Pmce�shaU be applied to the sums secured by this Security Insuument, .` ;. •
<br />_ �. �' ahether or not then dae,witli any e�ccess paid to Borrower. In the event of a partial taFcing of the PropetcY in whizh the fair <. �� ,�_
<br /> �� to ar greater than the amonnt of the sums setured by this ` ,.,�nl-���.�:.,
<br /> � ' ma�icet value of the PropertY immediaze�Y before the tatcing is equal ia writing,the s�ms secured bY , - -:�� '.,
<br /> "�.•r,.,�;:���
<br /> � � SeeuritY Insuument immediately hefore the taldng,ualess Borrower and Leaider otherwise agree' . .. ��_
<br /> � S�ry �� lied the following frac�on: (a) the total
<br /> t s6a11 be reduced by the amount o f t h e proceeds mul t i p' Bl► ._
<br /> amount of the sums secured immediateIy before the taking,divided bY(b)the���value of the Pmperty immediatelY -.,�_
<br /> � balance shall be paid w Borrower. In the eveat of a gartial taking of the PropertY in wluch the fair �_ '.;��__-,
<br /> • ' . before the taking. Any . �::
<br /> . market valus of the Fcopercy immecliatety before the tatdng is less than the amount of the sums secuied immediately before the " • :u,f T:�'
<br /> . taking,unless Borrower and Lender osherwise agree ia writing or untess applicable law atherwise provides.the pmceeds sha11 , ' ;j4
<br /> . • . - be applied to the svms secvred by this Sec�ritY�su�t whether or not the sums are thsn due. , ��'•
<br /> � 1f the pmperty is abaadoned by Borrower,or if.after nouce by Lender to Borrawer that t1�e�°��or offers to make an ��`-
<br /> , . � , award or settte a claim for dama,es,Bormwer fails to resPond ta l.euder within 30 days after the date the nouce is given, :. �_��;�-e',__
<br /> . � Lender is authorized w collect and apply the proceeds.at its option,either to reswration or repair of the Property or to the snms ,��;
<br /> ..�`.'::`'�
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<br /> - .� �, 'ys�s�uf�:;
<br /> ..,. secured by this SecuritY „n n whether or not then due: shall not eut�nd or . _ .
<br /> It�tion of roceeds to principal �'�'''
<br /> � Unless Lender and Borrower otherwise agree in writing, anY aPP� p - �'•°Y �t':b.
<br /> . •� •' , � one the due date of the monthly paymenis refened to in paragraphs 1 and 2 or change the amount of such paYments• . -,�'=-.
<br /> • . • . Po�PYI.Borruwer Not Reteased:Forbearance By I.ender Noi a Wafver.Extension of the rime for paymeut or anadification '� ., , `��,;
<br /> , � : of amorrization of the sums secuied by this Security Insmiment$rauced by Lender w any suscessor in iaterest of Borruwer shall . � '`��.;:_::._�._.
<br /> ecute mt ._°.
<br /> - � Bomower or Borrower's successors in inte�es�1.ender shall not be reguired to ,��:;•:------_
<br /> ' not operate to release the liability of the original - ;.;�. .
<br /> , commence praceedings against anY su�ssor in interesc or refiue to extend time for paymsnt or otherarise modify amort�zatIOn . . - , :
<br /> of the sums s� by this Securiry lnsuument by reasoa of aay demand made by the original Borrower or Borrower's .-�,-.-
<br /> ;�.....
<br /> ; ' . y��ssors ia interest. Any forbearance by I.ender in exercisiag aay right or remedY s1�a11 not be a waiver of or preclude the . ,::�,'•
<br /> � � exercise of any right or remedy. The coveaants and agreements of this ' "Y��-
<br /> 12. Successors and Assiguss Bound; Joiut and Sevesal Uabil[1Y: Co-st��• . ,T,;F:=,.
<br /> ' ' gecuriry Insuument sball bind and ben�efit the successors and assigns of Lender and Borrower, subjett to the provisions of : �.r,.__.
<br /> � . Paragraph 17. Borrower's covenants and agreements shall be joint aad several. Auy Borrower who co-signs this Secutit7+ .•i;. ... .;..�,�°��;'
<br /> • ' � � ' Instrument but does not execute the Note: (a)is co-signing this 3ecuritY Instrument only to mortgage.grant and convey that .:��
<br /> ;`a a-.
<br />- Bonower's interess in the Property under tlse terms of this Security lnstrume�►t;(b)is not personaUy obligated to pay the sums : . . :,��[_
<br /> � secured by this Securiry Insmiment.and{c)agrees chat 1.ender and any other Borrower may agree w extend,madify,fotbear or . _ _�,
<br /> .' �e any accommodations with regard to the terms of this Security Instmment or the Note without that Borrower's consent. . � .•��-.
<br /> • l3.I.oan Chacges.If the loan secured by this Security Insuument is subject to a law which sets m�imwn loan charges, • •:_._;:..
<br /> � and[hat la�v is finally interpreted so that[he interest or other loan charges collected or co be colleaed in conaecrion with the � �::.�.�: .
<br /> � � loan exceed the pennitted limits,then: (a)any such loaa charge shall be reduced by the amount necessary to reduce the charge ;,�.;�•w
<br /> � co the permiaed limit:and(b)any sums already collected from Borrower which exceeded perwiued limits will be refunded to . . ' —
<br /> ' Borcower. Leader may choose to make this refund by reducing the principal owed under the Note or by�making��audir�
<br /> � payment to Borrower. lf a refund reduces principal. the reduction wiU be treated as a partial prepaym .
<br /> : ' � � prepayment chazge under the Noce. � .. : : •
<br /> � � 14.Notices.My notice to Bonower provided for in this Security instrument shall be given by delivering it or by mailing
<br />- it by first class mail unless applicable law requires use of another method.The notice sha116e directed to the Property Address .•
<br /> � , or any other address Borrower designates by no[ice to Lender. Any notice to Lender shall be given hy first clags mail to
<br /> h
<br /> ° L.ender's address stated herein or any other address l.ender desi�nates by notice to Borrower. Any noticx provided for in this
<br /> na
<br /> ' Securiry lnstrument shall be deemed to have been given to Borrower or I.ender when given as provided in this paragraph. . ,
<br /> ' �$,Governiag Law; Seve�bllity. This Security instrument shall be govemed by federal law and the law of the . �
<br /> �.��, . ' jurisdiction in which the Property is located. In the event that any provision or clause of this 5ecurity Instnrment or the Note
<br /> � ' conflicts with applicable law.such conflict shall not affect other provisions of this Security lnstrument or the Note which can be
<br /> • given effect withaut the conflicting provision.To this end the provisions of this Securiry Instrument and the Note are declared
<br /> to be severable. �
<br /> _ � 16.Borrower's Copy.Borro�er shall be given one confarmed copy of the Note and of this Securiry Instn�ment.
<br /> Form 3028 91�9/0Q ,
<br /> • • ' Paao a or s ina�ya:�5 prd � .
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