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<br /> � - paymeats may no longer be required,at the option af Lender,if mortgage insurance coverage{in the aznount and far the period , °
<br /> ' - that Lender requires?Pmvided by an insurer approved by Leruier again 6ecomes available and is obtained. Borrower�haq pay - ' _ �r��•`.' .
<br /> • �, the premiwns cequired to maintain�nrtgage iasteraIIOe in effect,or to provide a foss reserve,until the nequirement for mortgage� • �, :. `� �'4`
<br /> ' � instuaace ends in accord.ance with any writtea agreement bet�veen Boaower and I.ender or applicable law. �i � � �;
<br /> ` ' ; � 9. Iaspect�on. Cxnder or iu ageat may make reasonable entries upon a�inspections of the Property. Lender shall give j �
<br /> .. . 4 �`: Borrower rrouce at the dme of or prior to aa inspection specifying reasonable cat�se for the inspectipn. � ''.°<<�.,,.' �:5.',r•„�
<br /> _ , � �,�` 10. Condemnat�on.The proceeds af airy award or claim for damages,disect or consequeniial, in connection with any� - , �
<br /> : .� 4.��_,`� condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation,are[�ereby a�signed � � . '.
<br /> . "'� sha116e paid to Lender. �i ` «. '
<br /> ..-�� -:_; In the event of a total taking of the Property,the procee�s shall be applied to the sums secu�d by this Security Instrumerst,� �-� -
<br /> �. . whether or not then due,with any excess paid to Borrower. Tn the tvent of a partiat ra�of the Property in which t6e fair� � �`��-
<br /> • , , , • . ': market value of the Property iuunediately before the taking is equal to or greater thnn the amount af the sums secured by this � ' '
<br /> , � . Security Insnument immediately 6efore the tatring,uniess Borrower and Lendgr otherwise agree in writing�t6e sums secumd by `1
<br /> . _ _ -_ -_:_� this Security Instrnment shalt be reduced by the amount of the prnceeds multiplied by H�e following fiaction: (a)the total .
<br />. , ��� :.� amount of the sums secured i�nm�iately 6efore the taking,divided by(b)the fair martcei value of the Praperty immediately .,`� � ...���__
<br /> , before the tatcing, Arry balance shall be paid to Borrower. ta the event of a gartial taking of the Property in which the fair ?�
<br /> cnarket value of the Property immediately before the taking is less than�the amount of the sums secured immediately 6efoie the �µ-.-�
<br /> : ` .• . ra�,unless Bomawer and Lender otherarise agree in writing or utiless applicabte!aw othetwise provides,the pmceeds stiall --
<br /> .. • be appGed to the sums securea by this Securiry Instrument whether or noi the sams are then due.
<br />-. � lf the Propetcy is ahandoned by Borrower,or if,after notice by Lender to Borrower that the coridemnor offers to make an
<br />. -n.: � award or settle a claim for damages. Borrower fails to tespond to Lender within 30 days after the date the notice is given, ' � -
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<br /> . �. .' Lender is authorized to�ollect and apply the pnoceEds,ai iu option,either ta testoration or repair of the Property or to the sams E;�;- �;°
<br /> ''� ��`��, st,cured by ttus 5ecurity Insuumen�whether or not thea due. � —
<br /> - . • • - Unless Lender and Horrower otherwise agree in writing, any applicasion of proceeds to principal shall noi extend or -----
<br /> � ��� postpone the due date of the monthly payments referred to ia paragraphs 1 and 2 or change the amowrt of sach payments.
<br /> ll.Borrower Not Releasetl;Forbearanoe By Lender Not a Waiver.Extension of the ame for payment or modifiradon 'f..r� �---_
<br /> '_ of amortization of the sums secured by this Security'Inswment gcanted by Lender to any successor in interest of Boaower ahall .'F'.4'�-"`�-�
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<br /> . . • not operate to release the Iia6Ility of the original Bosrower or Borrower's successors in interest. I.ender shall not be requited to ••
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<br /> _ _ - commence proceedings againsi any successor in interest or refnse to extend time for payment or otherarise modify amortization . � `�.�— _
<br /> ,' of the sams secured by this Security Insuument by reason of any demand made by the original Borrower or Boriower's . — --
<br /> . ' . , sticressars in interest. My forbeararece by l.ender in exercising any right or remedy shall aot be a waiver of or preclude the ' • • _ --
<br /> •_ . . exerctise of any right or remedy. � <� �� �--
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<br /> �• 12. Suocessoss and Ass3gns Bound;Johrt aad Several Liabiltty: Co-s3gne�s. The cuvenanu and agreements of this -
<br /> " _ � . ' Security Insuwnent shall bind and benefit the successors and assigns of Lender and Borrower.subject to the provisions of �"• � �'"?��
<br /> � , paragraph 17. Borrower's covenants and agreements shall be joint and several. My Borrower who co-signs this Security `"��°"� ' '�'
<br /> . Instrument but does not execute the Note: (a)is co-si in this Securi Instrument onl to mort a e. � � .��
<br /> .,, . 8n S tY Y g S 8�t and convey that � �
<br /> . Borrower's interest in the Property ucider ihe terms of this Secvrity Instrument;(b)is not personally obligated to pay the sums . �";�_�
<br /> _.._,____ _ secured by this Security Instniment;and(c)agrees that Lender aad aay other Borrower may agree to extend.modify, forbear or � �� °�-�
<br /> • . . ' ma[ce any accommaclations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. ' •"�?
<br /> ' . ,- , 13. Loan Charges.If the loan secured by this Security Instwnent is subject to a law which sets maximum loan charges. • � � " '!�'�`
<br /> � and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the ��� �` —
<br /> .`� . � �• loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge `�
<br /> • to the permiited limit;and(b)any sums aiready collected hom Borrower which exceeded permitted limits wi11 be refunded to • `� � '.• —
<br /> � � • Bonower. Lemder may choose to make this refund by reducing the principal owed ur.der the 1Vote or by making a direct • ,
<br /> . . payment to Bonower. If a refund reduces principal. the reduetion will be treated as a partial prepayment'without any • � � � --�--
<br /> � • prepayment charge under the Note. ,;�:�,;� .. .,,_:��
<br /> t " 14.Nottces.Any rtotice to Horrower provided for in this Security Instn�ment shall be given by deGvering it or by mailing °-_ �
<br />-" � . ;•� . • it by first class mail untess applicable!aw requires use of another inethod. Thc notice shall be direct:d to the Property Address � ��., � -
<br /> � . or any other address Borrower desi�nates by notice to Lender. An notice to Lender shall be ' � �''�"
<br /> , y given by first class mail to • _
<br /> Lender's address stated herein or any other address Lender desip�a4es by notice to Borrower. Any notice provided far in this ' ' . _
<br /> : Security Instrument shall be deemed to have been given ta Borrower or Lender when given as provided in this paragaph. � • • .
<br /> • 15.Goveming Law; Severabllity. This Security Instrument shall be govemed by federal !aw and the law of the ' -
<br /> • jurisdiction in which the Property is located. In the event that any provision or dause of this 5ecuriry Instrument os the Note �
<br /> . : conflicts with applicable law.sucb wnflict shall not affect other pravisions of this Securit�j Instrument or the Note which can be • � �•��
<br /> .•;'�.. , �iven effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared �� '
<br /> •, . • to be severable. ' • .�
<br /> . 16.Borrower's Copy.Borrower sha0 be given ane conformed wpy of the Note and of this Securiry Instrument. ` � � .
<br /> � � Form 3028 9190 .
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