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<br /> �•• . <• Pal►ineats may no longed be requered,at the apti�on of I.endes,if mortgage insurance coverage(in the amount and for the period �. '.
<br /> ;.. that Leader requires}provided by an insu�er appmved by Leader again becomes availabte and is obtained:Borrower shaU pay the ! . '
<br /> ?` pmmiums requized to maintain mortgage insutance in e�ecx,or to pmvide a loss rese,nre,until the requirement for mortgage f.•• � 4 . � �
<br /> F`` eat 6emeea Bonower and Leader or applitable law. '
<br /> i . , insarance ends in accordance with aay writtea agreeca ' � `
<br /> 9.Inspectioa. Lender or its age�t may make reas�nabie euuies upon and inspections of the Pmperty.Lender shall give y �` �
<br /> :- - --:.-- `i Borrower notice at We time af or prior tfl an u�speccion specifyu►g reasonable canse for the inspection. 4 --� -,-°
<br /> E�. , � _ � 10.Condemnation. 'Ihe proceeils of any award or ciaim for damages,direct or conseqaential, ia connection wiih any s <, ,' • . .�.,t
<br /> i. � condemnation or o^t�hMer taking of any part of the Property,or for conveyance in lieu of condemnation,are hcdeby aSSigned and � . �, `�,
<br />:�{ . . . � �L���Lw�W Kdl{iC�. ' , Y, •�5`�
<br /> a»au u� �
<br /> `i 1n die event of a total taking of the Property,the pmceeds shall be applietl t4 the sums secured by this Security Insirument, ): . .__ _ . ,, ,
<br /> �, , � E-,.`` ,.� . . .. .
<br /> j.� i wheiher or aot then due,with any excess paid to Borrnwer.In the event uf a�Gal taking of the Pmpearty in which the fair martcet . 1 •;'-. -;,
<br /> s � value of the Prapeaty immediatelY Uefore the taking is equal w or greaier t b a n t h e amounc o f t he soms sec i u e d by t h i s S e c�u i ty �:�:
<br /> �..
<br /> ef
<br /> :,}. ��i Iasonm►eat immediately before the talm�g, unless Borrower and Leadea othe�vvise agree in wri0m8, the s�ms secured by this ' `� �'.
<br /> mt .
<br /> s_ m u I' l�e d b t h e f o l t o w m g ftaction:(a)the total amount of � �:r='-'
<br /> Security Instrumeat s6all be r e du c e d by t he amo u n t o f t he p r a c e e d s h p� Y ;:,,�-
<br />_�` the sums sec�ued i�edia?ply before the ta]ting,divided bY @)the fau market value of the Prapeily immediately hefore the , �, .,°.,.
<br /> -�i. :
<br /> ' taking.Any balance shail be paid to Bolrower.In the event of a par6al takiag of the Pmperty in wlucl�the fair market value of the .. ''��
<br /> ;� . Property immediat�ly before the taking is less than ihe amount of the svms seciued immediarcly before the taking, unless .
<br />< f} . , . _ '� ,�.
<br /> r Botrow�and I.ender otherwise agree um writing or unless applicable law otherwise provides.the proceeds shall be applied to the . ,
<br /> ` ;-ti�s:-
<br />_}# . sums sec�red by this Securiry Instrument whethe�r or not the sums are the,n due. �:..-:.
<br /> +� � :' If the Piope�ty is abandoned by Borrower,ar if,aft�norice by Lender w�Bomnwea that the condemiwr offess w makc an . }�
<br /> � ' �. ; award or seple a claim for damages,Borrower fa�.c to respond tn I.ender with:n 30 days after the darc the notice is given,Leadcr - ;�'
<br /> 1 L is suWorized w caldecx and appty the proceed�,at its oprion,either w restnration or repair of the Property or w the sums sec�ned . �:��
<br /> ��� by this Security Insdumen�whe,iher or not then due. `'
<br />_.�;_ . Lca6on of roceeds w shall not e�d or postpone , .t<<..4r.,`.
<br />_ . .. Udess I�tda aad Barrower othavvise agree in writing,anY aPP� P P�� ��..�.��
<br /> .�� . • � , the due date of the monthiy payments refeared to in parag�aphs 1 and 2 or change the amauni of s�ch paymeats. . _.' ;'.��;
<br /> ��f: � . . ' 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modification �_
<br /> •li�:y f;...y.
<br /> _,.: - ' of amortir.atian of the sums secured by this Security Instrument granted by Lender w any successar in mtea�est of Boxower shall . °�a�,!��
<br /> ��_ • . .
<br /> not operatc to release ths liahiliry of the original Bormwer or Barrower's successors in interest.Lend�shall not be recluired to , • � .;•�„�:.
<br /> . �ommence proceedings against mry succecsor in inteaest or refase w extend time for payment or otherwi�e modify amo�on of � �f''�"'
<br />•�'1;, , t6e sums secured by this Secauity Instnunent by reasan of any demand made by the original Ba�rower or Borrower's successors ,. ;� :�.�;
<br /> in interest.Any forbeazance by Lender in esercising anY right or remedy shall nat be a waive,r of or preclude the eaeacise of any . � ' y--'�:�;.
<br /> ��� - . ' right or remedy. . : ��'�<,
<br /> - � 12.5nccessors and As�Bound;loint and Several Lia6ility;Co-sl�ners. 'Ihe covenants and agreements of this . `���_
<br /> , ' Seciuity Inswment shall bind and benefit the successors and assigns af Lender and Bormwer,subjax w the pmvisions of - � -���'=�'-
<br /> ;,,:�';�:
<br /> _ .., puagrapb 17. Botrower's covenants and agree�nents shall be joint and seve,ral. My Borrower who co-signs,this Security ' �,+=�:-_
<br /> � lnstrument but does not execute the Note: (a)is co-signinB this Secarity Instnunent only w mortgage,�ant and convey that • �"'`°
<br /> ,.,�•,
<br /> . �'�; Bormwer's intesest in the property under the cerms of this Security Inswmen�(b)is noi personally obligated w pay the sums , _�:
<br /> `' . seaaed by this Security Instrument;and(c)agrees that Lender and any other Borrawcr may agree w ea�tend,moAify,forl�ear or . .:�. �`:�R`
<br /> make any accommodations witb regard to the terms of this Security Insuument or the Note without tl�at Borrower's consent � �--_
<br /> � 13.Loan Charges. If ihe Ioan secured by this Securlty Inswment is subject tn a law which seLS ma�cim�un toan charges, ,� , . � �,:�
<br /> _�;;.. : '+ • .,s,,,.
<br /> �d that!aw is finally�tetpreted so that the interest or ather la�charges collectcd or W be coltected in canncttion with the loau
<br /> � exceed the permiued limits,then:(a)any such loan charge shall bc reduccd by the amount necessary w reducc the chargc W the . � -
<br /> �f pemuued limix and(b)any sums already collected from Borrower which excceded pemtiued limits will be refanded w Borrower. .. ..
<br /> �-'. � � Lender may choose to make this refand by reducing the principal owed under the Note or by making a direct payment to .
<br /> �,. . , ,'j cnt without anY P�Paymcnt char e • • . .
<br /> 1 Batrower.If a refund reduces principal, the reduction will be treated as a partial prepaym g
<br /> � under the Notc. . •
<br /> �.�'�� � 14.Nodces. Any notice W Boaower provided for in this Security Insuument shall be given by delivering it or by mailiag it - .. •
<br /> . , �� by first class mail untess applicabte law requires use of another method.The notice shall be directed tn the Proper�y Address or ;
<br /> any other address Borrower designates by notice to Lcnder.My notice to Lender shall be givcn by fust class mail w Lender's
<br /> address stated herein or any mher address Lender designatcs by notice to Boaower.My nodce provided for in this 5ecurity : �
<br /> � Insuument shall be doemed to havc becn given to Bortower or Lcnder when given a5 providcd in this paragraph. '
<br /> � 15.Goveming Law;Sererability. 'If�is Seciuity Instrument shaU be govemed by fedcral taw and the law of the � � -
<br /> � • jurisdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or the Noie , •
<br />_r:�.` wnflicts with applicable taw,such conflict shall not affect other provisions of this Secwity Insuument or the Note which can 6e � •
<br /> given effect without the conflicting provision.To Ihis end the provisions of this Secwity Instnunent azid Ihe Note are declated to . • •. .
<br /> � bc severablc. F
<br /> �
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<br /> ' . � Form 3028 9190 `
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