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<br /> � paymcrrts rstay no tanger be reqairetl,at the option of Lender.if mortgage u�s�rance ooverage(in the amount and for the period ►` ' '" �r,:` '
<br /> � that Lcndcd reyuires)Provided by an insvrer approved by Leudes again becomes available and is obtained.Bomawer shall pay the . ' ' l,
<br /> , � �, premiums cequ'ved to maintain mortgage insurance in effax,or to pcovid�a loss reserve,un01 the requirement for mortgage . � ''
<br />, ` ; inswancc ettds an accordance with any wriuea agree�c�t between Bouower and Lender or applirable law. _.` . • . .
<br /> ° 9.laspectfoa. Lcnde�r or irs agent may make reasanab2e enuies apon and inspectians of the Avpercy.I,euder sdall give , �... . . .
<br /> . ; Botrower noiice at tha time of or prior w an mspection specifying reasonable cause for the insgecdon. � ' �
<br /> . j 10.CoademnatFon. 'i4ie prooeeds of any award or claim for damages,direct or consequential, in connection with any ' `. . -
<br /> � " condemnation or oiher takistg of any Qart of the Prop�ty,or for conveyance in liw of condemnation,are hereby assigard and . -�._--- =:�•-- = .
<br /> shaU be paid W Lertder. i . ,:.
<br /> .. � In the event ef a total taking of the Property,the proceeds shaU be a�ptied to the sums sec�ued by this Security Instrumeut, � . �i<
<br /> ` whether or rtot�hcn due.wit6 any excess paid to Barmwer.In the event of a partial taking of We Praperty in which the fanr market 1 �. • - . -
<br /> • <: vaiue of the Propeny immediaiely before the tal�g is equai w or great�thar►the amount of the s�ms sec�ued 6y Wis Security � ' . • -.- • ,
<br /> [nstrumcnt immediatety before the taking, unless Bormwer and Lender otheaarise agree in writmg,the sums secured by tlus C ' . ; �.;:,.:t.
<br /> . �[ Scxurity Instrument shall he reduced by the amouat of the proceed.s mnitiplied by the foUowing�on:(a)tbe total aznount of � �
<br /> . j the sums secured immediateiy before the taking,divided by(b)the fair market value of the Praperty immediateIy befone the f ' � �F-":, ;_ `-
<br /> � t�lcing.Any balanee shali be paid to Borrower.In the event of a partial tal�ng of the Property in which the fair market value of the E - __
<br /> � ti Roaerty imn►ediately 6efora t�e taking is less than the amouat of the sams sec�ued immectiately before the taking, nnless ;���: . '' -�-''`.
<br /> Borrower and Leader othera►ise agree in writing or untess applicabte law othetwise provides,the praceeds s6all be applied to the . . �:�=:__
<br /> � sums sccured by this Security Inswmene wttethea or not the sums are then due. , '- :'�'`�:�
<br />- . , , if the Property is a6a�►doned by Borrawer,ar if,after notice by Leuder to Bormwer tLai the condemnor offers to make an . ��:`,'t�°�`t;�°
<br /> ', award or seute a claim for damages,Bosower fails tn respond to I.ender within 30 days after the date the aatice is give,n,d.ender �'�"Y��:x
<br /> is authorized to collect and 1 the raceeds.at its o tion,eith�to reswrarion or r of the Pro or w the sums seGrred . . �,;-"�-•
<br /> �PP Y P P � P�Y .�:'�
<br /> � . by this Security instrument,wttether or not then due. •� � `-�•'"'"°.
<br /> . �`•::�"�
<br /> Unlcss[.cnder and Borrowcr otherwise agms in writing,any applicaiion of proceeds tn principal shall not extend or postpone . "�fs��.�,r�:
<br /> . thc due datc of the monthlY paymcnts refeired w ia parageaphs 1 and 2 or ch�ge the amo�t of such payments. ,� • ��,;�4;`�.,,-
<br /> • : l l.Borrower Not Released;Forbearance By Lender Not a�Vaiver. Fa�tension of the time for payment or madifit°ation '� �i,�;
<br /> ' ot amurtization of!he sums secured by this Security Inswment granied by Lender to aay successor in interest of Bonowea shati -_ ,«�., -
<br /> ` ao!operate tn retease the liability of the original Bom�wer or Bors�wer's saccessors in interes�L.ender shall not 6e required to .. � � x`x��
<br /> , ^�_...�.•;�
<br /> < commence proceedings against any successor in intexest or ref�se to extend time for payment or atheawise madify amorti�ation of . ,�.��-:;:
<br /> � thc sums secumd by this Security Insoumeat 6y reason of any demand made by the original Bomnwea or Bomnwer's successors �; . « ,�,r';.
<br /> - ..w1 Yr.�w..�:.
<br /> in intetes�My forbrarance by Lender in eaercising any right or remedy shall not be a waiver of or preclude the exencise of any _ . � --
<br /> dght ar remedy. � • `�'.,��4,.
<br /> • 12.Succe.ssor�and Asstgns Bound;Joint and Several Liab�7ity;Co-stgners. 1he covenants and agreements of this • ��•
<br /> ..`:•'.'v:...
<br /> . ' Security Insuwnent shaU bind and benefit the successors and as.�igns of Lender and Borrower, subject tn the provisions of . ,;t��;:
<br /> . � , patagraph 17. Boaower's coveuants and agreements shall be jomt and seveaal. Any Bo:rawer who co-signs Wis Seauity .. �."'�•�
<br /> y�...
<br /> , : � � --. inswmcat but docs nat exccutc the Notc: (a)is co-s�gning this Security Iasuument only w mortgage.Srant and convey that .. ',,•�_;'`;��=�-�_;
<br /> Borruwer's intcrest in the Pcoperty under the terms of this Security Insuuraen�(b)is not personally obligate,d to pay the sums '. . ��'�-
<br /> ' .. secured by this Security Instrumenx and(c)agrees tl�aat Lender and any other Borrower may agree to extead,raodify.forbear or `;�`�,•�.`::,
<br /> _' � • make any accommodations with regard to�he terms of this Security Insuument or the Note without that Bomnwer's consent , . �-�`���
<br /> . .,;;..
<br /> . � 13.Loan Chargea If the loan secured by this Security Instrument is subject to a law which sets maxunum loan charges, ' �• - ::,;t:
<br /> • und lhat I�w is�nally interpretr,d so that the interest or other loan cl�arges collected or to be collected in connecdon with the loan �
<br /> � excacd the permiucd limits.then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the ' . �'��
<br /> . ; permitted limit:and(b)eny sums already collected from Borrower which e�cceeded pamitted luaits w�l be refimded to Borrower. '"`�'�
<br /> •. l.endec may chaose te make this refund by reducing the principal owed under the Nate or by making a direct payment to .._ :
<br /> �� �� Bocrower. !f a refimd re�uces principal.�he roducuon will be treated as a partial prepayment without any prepayment charge ' •�
<br /> ' undcr the Natc. . .
<br /> . � -'�t, 14.iVotices. Any no6cc tn Borrowcr providcd for in this Security Inswment shaU be given by delivering it or by mailing it . : "
<br /> . ' • � by first clacs mail unlcss applicable taw requ'ues use of anothcr meihod.'I4ie noucc shall be directed w the Property Address or
<br /> • s�ny other address Borrower designates by nodce to Lertder.My notice to Lender shall be given by first class mail w Lender's �. . . � .
<br /> '� . r�dress st�ted herein or any other address Lander designates by notice to Borrower. My nodce provided for in this Sec�uiry � •• . , _ ,
<br /> - . Insvumcnt shall be decmcd w havc bccn givcn w Borrower or Lcndcr when givcn as providcd in this Daragraph. .
<br /> ' I5.Governing l.aw;tieverabillty. This Sccurity Instrument shall be govcmed by fedcaal law and the law of the ' �
<br /> , . . � junsAictiun in which the Pmpeny is tocated. In tfie event that any provision or clause of this Security Instrument or the Noie ' '.
<br /> .� conflic45 with upplicable law,such wnflict shsill not affect other provisions of this Securiry Inswment or the Note which can be � •_�
<br /> � g�ven effect w�thout�he u►nflicung prmision.To this end the provisions of this Securiry lnstrument and the Note are declared to •
<br /> � bc scvcrahtc. �• �
<br /> . Form 3028 9I90
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