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<br /> � �� � paymes►ts m:sy no longer be required,at tl�e optiun of Lender,if murigage insurance eoverage(in the amount:�nd for the period ' •° -
<br /> ; , " ` that L.ender cequires)provided by an insumr approved by Lender again becomes available and is obtained.Borrower shatl pay � ' >>.`.;'� '`
<br /> • . � � ` the premiums required to maintain mortgage insucance in effect,or to provide a loss resene,urtul the requirement for martgage � . �� �
<br /> `` ' insurance ends in socordance with any wretten agreement 6etween Borrower and Lender or applicable law. Q� � "t.
<br /> t,t. �• � ,�.,:'.�. .
<br /> : ..;. a::} 9.Iuspection.I.ender ar its agent may make reasonable entries upon and inspections of ihe Property. l.ender shall give .f ... •- -
<br /> t�--� 5 Borrawer notice at the time of or prior to an inspectian specifying reasonable cuuse far the inspection. . ',��',` `� ��
<br /> ' '_�'_��� !0. CORaCIAIIStIOA. The proceeds of any award or c(aim for darnages. direct or rnnsequeatial, in connection with any� • ' , '
<br /> ' _� conQemnation or other taking of any part of the Property.or for conveyance in lieu of condemnatian,are hereby assigned and �__ L t. _�
<br /> � �. , shall be paid to Lender. � � ��, ' T�
<br /> f � ' - In the event of a total taking of the Propeny,the pmceeds shall be applied to the sums secured by this Security Instrument, ' 'f
<br /> ,.; � = '? whether or not then duc, with any eacess paid to Borrawer. In the event of a partial taking of the Property in which the fai ` � �
<br /> ,`. --. .' . . .�. ,' market vatue of ihe Property immediatety before the taking is equal to or g�eater than che amount of the swns secured by this . � �, ��Y` �• �'•
<br /> z ,.�� •� Security Instrument immediately before the taking,unless Borrower and Lender othenvise agree in writing,the sums sec��red by �
<br /> . .�� this Security Instniment shall be redaced by the amount of the proceeds multiplied by the foll�wing fraction: (a) the total ='-
<br /> : . :`.,� amourit of the sums secured immediate{y before the taking. divided by (b)the fair mar[cet value of the Property inumdiately t`�'�`` `""�`�"�"�
<br /> . � , <._,_ .�..--
<br /> before the taking. Any 6alance shall be paid to Borrower. In the event of a partial taking of the Progerty in which the faic
<br /> market value of the Property immediately before tttie taking is less than the amount of the sums secured immadiately before the —
<br /> . - taking,unles�Borrowes and Lender otherwise agree in writiag ar unlesq applicable law o[herwise provides,the psnceeds shall .
<br /> : , ' be applied to the sums secured by this Seruriry Instrument whether or not the sums are then due. . ,�.
<br /> • If the Property is abar�doned by Borrower,or if,after notice bv Lender to Borrower that the condemnor offers to make an —
<br /> . •�,;. �, award or settle a claim for damages. Borrower fa�ls to mspond to Lender within 30 days after the date the norice is given, ��� �.—
<br /> _ ' � • Lender is authorized to collect and apply the proceeds,at its option,either to restoiation or repair of the Property or to the sums � _ _.�_.
<br /> F ......r: ..�'- :..:�:. - -
<br /> �--T-.:.----- secured by this Security Inswment,whether or not then dae. , ' -
<br /> ` � ` ° Untess Lender and Borrower utherwise agree in wriung, any applicapon af praceeds to prineipal shap not extend or " � '�.
<br /> ' �.�..� _
<br /> � � ' :� postpone the due date of the monthly payments referred to in paragraphs 1 and 2 ar change the amount of such payments. � . . �._`i'_
<br /> � • 11.Borrower Not Reteased;For6ea�ance By Lender Noi a Waiver.F�ctension of the ame for payment or modifiratian ` �
<br /> �`- ' - • • of amortization of the sums secured by this Security Instrument granted by L.ender to any secc�ssor in interest of Borrower shall � —°°°I �s=��"-
<br /> ��� - - --. -- not operate ta retease the liabiliry of the original Borrower or Borrower's successors in interest. Lender shall rtot be required to ''�,,.>. • '-----
<br /> it� • commence proceedings against aay successor in interest or refuse to extend time for payment or othecwise modify amortiTauon �� -__
<br /> '' . . of the sums ses�red by this Secvrity Instntment by reasoa of any demand made by the original Borrowec or Borrower's . "`'"•�
<br /> `.�- - successors in interest. Any��r6earance by I.ender in exercising any right or remedy sha11 not be a waiver of or prectade the � "'-'
<br /> ��" •'(�'i.
<br /> �'`. • � ' � � exercise of an ri t or rem •
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<br /> . 12. Successois aad Assfgns Bound;JoWt and Several Llability; Co-slgners. The covercanu and agreements of this `:;��
<br /> � • Secarity Instrument shall birtd and benefit the saccessors and assigns of Le�tder and Sorrower. subject w the provisions of
<br /> , � , paragraph 17. Borrower's covenartts and agreements shal! be joint and several. Any Bonower who cn-signs this Security ' =
<br /> t_ • . _ _ Inytrument but does not eaecute the Note: �a) is co-signina chis Security Inswment only to mortgage. grant and convey that ,"�1°"`�---
<br />'�•.' ,� - Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums ��`°--
<br /> � � secured b this Securi Insnvment:and(c)agrees that Lender and an other Borrower ma a ree to extend,modi forbear or •� � ''���'
<br /> . Y tY Y Y S fY• , . ''.�'='`-Y.
<br /> � � make any accommodations with regard to the terms of this S�curity Inmument or the Note without that Borrower's consent. - =
<br /> � ::� 13.Loan Cha�ges.If the loan secured by this Securiry Instrument is subject to a law which seu ma.eim.�.e�t�an charges. . '
<br /> �;.,�� • and that law is finally interpreted so that the interest or other loan charges coliected or to be collected in connection arith the °".f�' —
<br /> ��. . .�`,i:.> loan exceed the permiaed limits,then:(a)any such loan charge shall be reduced by the amaunt necessary to reduce the charge �' ' .';.;1'�' „�.�
<br />� `�,� �� to the permitted l;mit;and(b)any sums already coltected from Borrower�which exceeded pemritted limits wil!be refunded to . �
<br /> �'� � Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct � � `='�3
<br /> =��;,:m_
<br /> €'• ` � ' � payment to Borrower. If a refund reduces principat. the reducGon wiU be treated as a partial prepayment without any . . _ � ''..'":'F�
<br /> ��=� • • prepayment charge under the Note. • � � '' ;.�;,:----
<br /> '�'�� " � 14.Notices.Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by mailing . -. '
<br /> , .. . ��_,,
<br /> it by first class mail unless applicable law requires use of another method.The notice shall be direcied to the Property Address. . " . . -
<br /> � � or any.other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to � .� _
<br /> ` L.ender's address stated herein or any ather address Lender designates by notice to Borrower. Any notice provided for in this •� •
<br /> �1. `` � ,"' Sccurity Instrument shall be deemed to have been given to Borrower ar Lender when given as provided 1n this paragrnph. � . .,�
<br /> , 15.Governing l.aw; Severability. This Security Instrument shall be govcmed by federai law and, the law of the � , .
<br /> s�`= . jurisdiction in whicfi Ihe Praperty is located.In the event that any provision or clause of this Seci:.*ity Instrument or the Nate • . . •
<br /> � rnnflicts with applicable law, such conflict shall not affect other provisions af this Security Instrument or the Note which can be � •� '.'• .'
<br /> • � given effect without the conflirting provision.To this end the provisions of this Security lnstrument and the Note are declared
<br /> � to be severable. � ' '
<br /> ' • 16.$orrower's Copy.Bonowcr shall be given one wnfarmed copy of the Note and of this Security Instrument. • �
<br /> :'�..
<br /> =,:.` . .. Form 3028 9190 .
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