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<br /> ,� ; paymeuts may no longa be required,at the oprion of Leader,if moitgage�ance cov�sage(in the amount and for the period� _ f. .
<br /> , tbat I.eader requires�pmvided by an insucer appmved by I.ender ag�in becomes avaitahle and is obtained.Honower shall pay ths • �
<br /> ? • � ' � premiums requIIed to maintaia mostgage insurance in effect,ar to pmvida a toss reservc, unu7 the cequuemeut for mortgagc � . ,
<br /> ` �<� inswra�ce ends bi acxordance arith any wiittea agreanent betwzen Bormwe�aad I.ender os applicable iaw. . - � ' }� `
<br /> wra
<br /> • - 9.Inspection. l.ender or its agent may makc rea�onable enuies upon and inspections of the propeaty.lender s�all give � �..
<br /> ,,; �`� Borrower notice at the time of or prior w an inspaction s�ecifying reasonable c�se for the inspecdon. %o • - - --
<br />- - - - ;�-'—� 10 CondemnatIon. The prooee�Lc of any scvard or clasm for damages,di�x os consequeaerial, 'si caanection with any - ; •-_-,;-:��� .
<br /> � � condernaati�n or othea�ng of any pan of the Propexty,or for conveyance ia lieu of conde��n,are hereby assigned and� ,
<br /> �� � shall be p2id W I.ender. � y'''•.•`,
<br /> � In the event of a total taking of the Pmpe�ty,the praceeds shall be applied to the sums secured by this Security Inst�umea�� - ` z
<br /> ��� ' � wi�ether or aot then duc.with an y excesg p a i d to Boaower.In the event of a partiai�g of the Property in ahich the fair market __ � ,r .
<br /> �.} ; . � value of the Pmpezty�*np.�;arp�y before the takmg is equal w or gmater than the azuount of the svms s�cured by this Serurity .; : � `. `
<br />_��.y, . � • Instrumeat immediately 6efote ihe talang, �mless Bomower and Le�der otherwise agree in writing,the siuns secured by dus _ . � ,
<br /> -,E:: " A Serurity Instrument shall be rednced by the amauni of the procecds mWdplied by the following fiac6on (a)the total amount of : �_�,a,:;,,
<br /> ;� _ ; [he sums secured 'unmediatciy before We talQng,divided bY(b) the fair market welue of the Propeaty immediatcly before the .;..�.�-
<br /> �- ,� , taking.Any 6alance shall 6e paid w Bonower.In the evem of a partial ta�aag of the Propexty m whicb the fair markez val2ze of the °� i:�::
<br /> � Pmpercy immediately before the tak*-ng is less than the amount of tha sums sc��ued 'unmediately before the tatcing,aaLess . �� ,• . . _
<br />�;�,- .
<br /> �. I � Borrowe�r and Lender othecwise agree in w.iting or�ntess aprfic�hte taa •the�wise provides,the procecds s6all be applied to the •
<br /> :<: � � sums secared by this Sec�aity InstNmEnt wheiha or not the sumc are then due. - �- ..`:':1�
<br /> .�' - r� If the Property is abandoned by Boirower,or if,aftea notice by Lend�to Borrowcr that the coademnor offers to make an � y; ,,_�`�
<br />�. T.� . .. ��
<br /> '° award or set@e a ciaim far damagcs,Boaower faiL4 to respond to L.eader within 30 days after the date the nolice is given,I.ender _ ... _. '`-
<br /> ,l;'� ' is authorized to bottect and apply the pmc�ls,at its op�on,eith�w restoration or cep�aa of the Property or to the sums secur+ed � -._,;-�° ,
<br /> .�` , by this Security Instramenb wheth�os nat then due. .
<br /> •��'�:
<br /> �" . ,� � Untess l.ender and Borrower otheraisa agrae in writu►g,any application of p,roceeds to principal shall not e�ctend ar poslpone . `�'��
<br /> ;�.. g ae
<br /> •f'; ' " the�uue date of the monthly payments refe�ced to in paragraphs 1 and 2 or change the asrcouut of such paymeats. , _ , ,�<��;`
<br /> '�` " :-� '.� 11.Borrower Not ReIeased;Forbearantce By I.euder No!a Ws�iver. Factension of the time for payment or modification .. .;:'=�:
<br /> ';': of amordzation of the sums serured by this Security Instiument granted 0y Lender m any successor in inteaest of Bocrowea shall ` ;�,-`*�
<br /> t; . not operate to release the liab�7ity of t6e original Bomnwer or Boaower's saccessors�intenest Lender shall not be required to
<br /> ` �`�;-�:
<br /> � . wmmence pmceediags agamst any successos in i�te�est or refiue to cactend 6me for payment or orherwise madify araortizadon of : �
<br /> the sums se�ned by this Security Inshwnent by reason of any dcmand made by the original Bormwer os Bormwer's suctessors -_ - � �.��
<br /> ;. } ;y`,_.
<br /> . •; • in mterest.Any forbearance by Lender in exercising any right or remedy sdall not 6e a aaivea of or preclude the exercise of any --
<br /> , '�';
<br /> � � right or remedy. :"Y
<br /> � . �� 1Z.Sncoesso�aad Assigns Boand;Joimt and Several LiabilIty;C�-signers The covenants and agrcemwts of this , �_:;
<br /> Sec�rity Inswment shaD bind �d be.nefit the successors and agsgns of Lend�and Borrower,subsect to die provisions of '-`��`�'"
<br /> - � � paragraph 1T. Bormwea's wvenants and agrcements shaU be jaint and seveaal. My Borrowe�r who oo-sigas this Security '-. . .:, � ' -�-
<br /> • � � Tnswment but does not execut�the Notc: (a)is co-signmg this Secarity InsWment only to mortgage,grant and convey that ; -!�°�
<br /> ,� {:�:
<br /> .. ; Bosrower's intcrest in the Property under the tcnns of this Security lnstramen�N)is not personalIy obligated to pay the snms ;�",t:.
<br /> j ' secuored by this Securiiy Instrument;and(c)agrees that Lender and any other Bolrower may agree to extend,modify,forbear or , : =;r':
<br /> ' � � # make any accommodations a+ith regard to the terms of this Security Insprument or the Note without that Borrower's consent , � _
<br /> 13.Loan Charges. If the toan s�cured by this Security Instrwnent is subject to a law whicb sets maximum toan etiarges, • �_�:
<br /> and that law is finally interpreted so that the interest or other loan charges wllected or to be collecxed in connec6on arith t�e tQan ,:�.�
<br /> , � ' aeceed the permitted limits,then:(a)any such loan charge shall be reduced by the amonnt necessary to reduce tlse cdarge to the � _
<br /> � permittcd limit;and(b)any sums alrcady colIaxed from Borrower which eaceeded peimitted limits w71 be refundeii w Borrower.
<br /> Lender may choose to make this refund by reducing the principal owed nnder the Note or by making a d'uect payment to
<br /> � . Borrower. If a refund reduces principal,the reducdon will be vcated as a partial prepayment without any prepayment charge . •
<br /> --;"� undcr the Note. . � �
<br /> �:•'� • 14.Notices. My notiw w Borrower provided for in this Security Instrument shall be given by detivering it or by ma9ling it � •
<br /> � ' :� by Pust class mail unless applicab(e law requirea use of another method.'Itie nodce shall be directed to the Property Address or _ :. ' :
<br /> `�`�' any other address Borrower designates by notice W I.ender. My noticc to Lender shaU be given by first class mail to Lender's
<br /> � j address stated herein or any other address l.ender designates by nodce to Borrower. My notice provided for in this Security � � � �
<br /> � . • . E Instrument shaU bc decmed to havc bcen given to Borrower or Lender when given as provided in this paragiaph. �•
<br /> . , � 15.Governing Law;Severab�ity. This Security InsWment sha11 bc govcmed by federal law and the law of ihc , • •
<br /> • • jurisdicaon in which the Property is Iacated. In the evan that any provision or c)ause of this Security lnstrument or the Note • . .
<br /> � ' conflicts with applicable law,such conflict shall not affect other provisions of this Se�urity Inswment or the Note which can be � .
<br /> . . j given effect without the canticting provision.To this end the provisions of this Sexurity lnswment and the Note are declared to �
<br /> . be severab2e.
<br /> �. • �
<br /> a.
<br /> Form 3028 9190 �
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