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<br /> - � ' # ents may no tonger be required,at the opuon of Lender,if mortgage insurance coverage(in the amount and for the period . �
<br /> �� rovide�t b an insurer aPProved by Lender again becomes available and is obtained. Horrower sfiall pay
<br /> . " �s, that Lender requires)p Y � . ' ,
<br /> `` • the prerniums required w maintain martgaSe insurance in effect.or w provide a loss reserve,until the requirement for mortgage �'
<br /> ,:'=� � f-.�� �
<br /> _, .. _ ._:� . ;��ce ends in accordance with any wr►tten agreement between Borrowu and Lender or applicab{e taw. `
<br /> •-�'� 9.Inspcctlon. Lender or its agent may make reasonabte entries upon ancl inspectians of the Property. I.ender sfialt gi� :'�.��•"., `
<br /> - �"2�� Borrower notice at the time of or prior to an inspecrion specifying reasonable cause for the inspection. . Y�•
<br /> : � • `� 10.Condemnattou.Tt►e proceeds of any award or claim for damages. direct or consequential. in connection witt►any� :
<br /> ,��``:�-� or fo rnnve ance in fieu of rnndemnation. are hereby assigned and� � '
<br /> � of art of ttte Property. F Y � �-; ;"_
<br /> � _ �� ' '.;� condemnation or other taking a�3+P ; `
<br /> � � �,� shall be paid to Lender. < . •. .
<br /> . '. � -,° In the eveat of a total tatcing of the Property,the proczeds shail be applied to the sums secured by this Securiwhi h he fai� . .�f•;,s:�."�
<br /> _: :_:.`.L whether or not then due.with anY excess Paia t�B°�T°�`er. In the event of a partial talcing of the Property � � ,
<br /> • martcet value of the Property i�iately before the taking is e4ua1 to or greater than the amoutrt of the sums secured by this . ` <
<br /> $�urity L�strument immediately betore the taking,untess Borrower and Lender otherwise agree in writing,the sums secured BY � =�-�
<br /> � `�� this Securiry Instniment s h a l l be r e du c e d b y the amount of�he proce�ds mulriplied by [he following fiaccion: fa)�e totat �_' .
<br /> � amaunt of the sums secure� immediately before t�e taking, divided by(b)the fair marlcec value of the Pcopertyhlmm����T ; � ^, x•
<br /> _ - . , '•: before the taking. Any balance shall be paid to Borcower. In the event of a partial takinS af t�►e Property � ' ���_�.:' ,.•--
<br /> - ' ' market value of the Property immediatety before the taking is less than the amount of the sums secured immediately brfore the �:—"
<br /> ' ' ` talcing,unl¢ss Borrower and Lcnder otherwise agree in writing or unl s� appiicable law othenvise pravides,the proceeds sha11 `._r��.�
<br /> '�� _ '_ _ be applied to the sums secur e d by t his S e c u ri ty Instrument whether ar nr:the sums aze then due. ..
<br /> .c:
<br /> ;� �: ' If the PropertY is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an ._
<br /> � � �'`_" award or settle a claim far damages. Burrow'er fails to respond to Lender within 30 days after the date the notice is given.
<br /> :,:�.•:. �._ . :;'�; �'�`_�. -. - —
<br /> �- . . . .. Lender is authori�d to wllect and appty the procceds.aE its option.either to restoration or repair of the Property or to the sums = __
<br /> � ' � secured by this Security Inmument.whether or not then due. �
<br /> � Ualess l.ender and Borrower otherwise agree in writing. ai►Y aPPl�catioa of proceeds to principa! shall not extend or � ,.:-��i_
<br /> � ',` hs 1 and 2 or chan e the amount of sucb payments. �k--
<br /> ' • . postpone ihe due date af the monthly payments re ferr e d to in para g c a p g , ' _"'�"'
<br /> � .�=.:
<br /> 11.Borrower Not Reteased;Forbearance BY Lender Not a Waiver.Extension of the time for payment or modificadon �
<br /> y - - - - of amortization of the sums secured by this Security Instrumen[granted by Lender to any successor in interest af Borrower shail .. ._ _A�
<br />.� � � • not operate to release the liabiliry of the original Borrower or Burrowcr's successors in interest. i.ender shall not be required to .'�,,�,�. __
<br /> {'. � � commence pm c e e dings agai n s t any s u c c e ss or in interest or refuse ta extend time for payment or otherwise madify amortization _
<br /> r�: • .. � �-•
<br /> - � � � of the sums secured by this Security Instrumert by reason of any demand made by the original Borrower or Borrower's ..., .�_:�.;�
<br /> , }, ' � � �• .� . suceessors in interest. Any forbearance by Lertder in exercising any right or remedy shall not be a waiver of or preclude the � ,� -
<br /> e a e r c i s e o f a�n y ri g h t o r r e m e d y.
<br /> :�'.�_-.
<br /> 12. Successois and assigns Bound; Joint and Severa! Ltability: Co-s igners. 'F he cove n a n u an d a g r e e m e n u o f t h i s Y�
<br /> ��f'.�;;;��.�T':—
<br /> . '. , • _ gecurity instrument s h a ll bind and 6enefit the successors and assip�s of l.ender and Bonower. subjeet to the pro�•isions of �•;� _
<br /> ' - paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Se,curity ::, =
<br /> � � instrument but does not execute the Nate: (a) is casigning this Security Instrument only w mortga�e, graiu and wnvey that ,;. .
<br /> ; �li�"_
<br /> '. � ;� Boaower's interest in the Property under the terms of this Securiry Instrument:(b)is not personally obligated to pay the swns , , �,��
<br /> ' ' secured by this Security Instniment;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or ,➢�_
<br />� �.`, .t�• maIce any accomma d ations with re gard to the terms of this 5ecurity Instrument or the Note without that Bosrower's consent. , n
<br /> � -'�. ° ., 13.Loan C6siges.lf the loan secured by this Security Instrument is subject to a law which seu maximum[oan c harges. __
<br /> _ <�' and that law is finally interpreted so that the interest or other loan charges wllected or to be collected in connection with the _
<br />�� - . . loan eaceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the tharge
<br /> ' � � to the pemutted limit:and(b)anY sums atready coUected from Borrower which exceeded permitted limiu will be refunded ta , _
<br /> '` � �. ��1'� Borrower. l.ender may choose to make this refund by redacittg the principal owed under the Note or by making a direct _
<br /> Y��' , . : . . payment to Borro�rer. if a refund reduces principal, the rcduction will be treated as a partial prepayment without any _
<br /> -�'. ' . . prepayment chazge under the Note. , : ,
<br /> • . .. 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing • ,„ ;
<br /> ` • i t by f i r s t c l a s s m a i l u n l e s s a p p l i c a b l e law r e quires use of anather method.The notice shall be directed to the Property Address .
<br /> . , ' or any other address Bonower designates by notice to Lender. Any notice to lxnder sfiall be given by f irst c lass mai l t o
<br /> � � ' , Lender's address stated herein or any other address Lendcr designates by notice to Borrower. Any notice provided for in this
<br /> �,`. ' � ' Security Instrument sball be deemed to have been given to Bonower or Lender when given as provided in this paragraph.
<br /> . � 15.Governin� Law; Sevesabillty. 'f'his Securiry lnstrument shal! be govemed by federal taw and the law of the .
<br /> . i �
<br /> • � jurisdicnan in which the Property is located. In the event that any provision or clause of t�►is Security Instrument or the Note
<br /> . � � conflicts with applicable law.such eonflict shall not affect other provisians of this Security lnstrument or the Note which can be
<br /> . � � :. �i. given efFect without the conflic[ing pravision. To this end the provisions of this Security Instrument and the Note are declared
<br /> � to be severnble. � •
<br /> ' .� 16.Barrower's Copy.Borrower shail be given one conformed copy of the Note and of this Security Instrument. � ••
<br /> � ' �� : form 3028 9190 � . . '
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