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<br /> ; •, ' payments may na longer be rcquircd.at d►e oPrian of Lcnder,if mor[gage insurancc covcrage(in the amount and for the period t .
<br /> � , �'�� ihat Lender rcquires)Provided by an insurer approvcd by Lendcr again 6ccomes available and is obtaincd.Borrowcr shall pay the .
<br /> . � premiiuns req�ired tn maintain mortgage insurance in effect.or to pmvide a loss re.serve. unti!the requirement for mnrtgage � � ` . ` .
<br /> • _� insutance ends in accordance with any wriuen ageemcx►t between Borrower and Lender or appiicabie law. �
<br /> .. - � � 9.lnspectloa. Lendcr or its agent may make reasonable entries upon and inspcc:dons of the Property.Lender�all givc� ` , .. -. -.
<br /> - � _. _-- - _�•� Bonawer notice at the time of or prior to an u►spection sPecifYinS reasonable cause for ihe inspection. � _ � _
<br /> . ; 10.Condemnatlon. The pmceeds af any award or ctaim for damages.direce or consequential. in connecdon with aaY �"� ' w:, , --
<br /> w'
<br /> ' condenu�ation or other taking of any pan of the Pcoper[y.or for wnveyance in lieu of condemnation.are hereby assigned and a � �� .
<br /> • . . � ` shall 6e paid to Leader. . . .
<br /> . .� In the event of a total�aking of the Property.the praceeds shall be applied to the sums secured by this SecutiN Insbnuneat� • -
<br /> ` whether or not then due,with any excess paid tn Borrower•In the event of a partial taking of the Property in which the fair market . :
<br /> � � value of the Properry immediately before the taking is equal to or geater than ihc amount of the sams secured by this Security • ,,
<br /> e
<br /> Instrument immediately Bcforc the taking, unless Borrower and Lender otherwise agtee in writing,the sums sec�ued by this , .,- ` '
<br /> � � � Sa�rity Inswment shall be reduced by We amouat of the proceeds multiplied by the following fraction:(a)the wtal amount of . �;.:-'
<br /> . '.,j the sums sccured immcdiately before the taking,divided by @)ihe fair market value oi the Froperty immediazelY before ihe <<.;�_-
<br /> �;3 taking•AnY balanee sha11 be paid to Bocrower.ln the event of a panial talting of the Propecty in wluch[he fair market vatue of the ' �_':
<br /> ` ,� Properiy immediatcly before the taking is tess ihan t1�e amount of the sums secured immediately before the taking, unless
<br /> � ' Borrower and Lender otherwise agree u►writinS ot untess applicable law otherwice provides,the praceeds shall be applied to the • � _
<br /> �. sums sec�red by this Security Insaument whether or not the sums are thea due. �_—
<br /> • If the Pmperty is ahandoned by Borrower,or iC,after notice by Lender to Borrower that the condemnor offers to make an , ^ —
<br /> award or seale a claim for damages,Borrower fa�s to resPond to Lender within 30 days aftec the dats the notice is given,I.ender , _ _
<br /> . �s authorize�to collect and apply the praceeds,at�ts option.either tn restoration or repair of the Property or w the sums secaaed : ,;�:,;£: _",
<br /> - by this Security Instrument,whether or not then due. �'�'�.T
<br /> Unless l.crtder and Borrower olherwise agree in writing,a�►Y aPPUcaaon of proceeds to principal sdall not extend or postpone .,����:��,X„
<br /> - � the due date of the monthly payments referred to in paragcaphs 1 and 2 or change the amount of such payruents. •.*?.w;c;.;
<br /> ` 11.Borroa+er Not Released;Forbearance By Leuder Not a Waiver. Exfcnsion of the ame for payraent or madifrcation • �-�';;f�;
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<br /> • .; of amortixadon of the sums secured by[his Security lnsuument gran[ed by Lender to any successor in interest of Borrower shaU , .,; _4_�.,
<br /> � " not operate to release the liability af the original Bonower or Bonower's successors in interest.Lender shaU not be required to ��,�
<br /> . �mmence proc.eedings against anY successor is►interest or refuse to cacend time for payment or otherwise modify amortizaaon of +, �,,
<br /> • • the sums secured by this Security Instnzment by rea�on of any dcmand made by the original Borrower or Barrower's sucCessors � ,��'
<br /> . ' in intcrest.Any forbearance bY 1-ender in exercising any right or remedy shall noi be a waiver of or preciude ihe exercise of any
<br /> right or remedy. • . . �'`
<br /> 12.Successors and Assigas Haund;Joint and Several Liability;Co-slgneps.The covenants and agreements of lhis , ;�_,;;;�'
<br /> 'y•.M_1.'--.
<br /> � , Securiry Instrument sdall bind and benefic the succc$sors and assigns of l.ender and Borrower,subjecl w ihe pmvisions of __�_
<br /> . � paragraph 17. Borsower's covenants and agreements shaU be joint and scveral. Any Borrower who co-si$r�s tUis S�ity �.:•_�r�.,
<br /> ..tre�
<br /> Insuument but does not execute the Note: (a)is co-signing this Security Instrun►ent only to mortgage.grant and convey that , .,r.
<br /> Boaower's intecest in the Property under the terms of this Scxurity Instrument;(b)is not personally obligated W pay the sums � �':��;J
<br /> � sccured by this Sccurity Instrumcnt;and(c)agcees that Lcnder and any other Bonower may agcee w eatend,madify.forbear or • �. . ,�,.�
<br /> ;� � • make sny accommodations with regard to the terms of this Security Inswment or the Note without that Borrower's consent . •a :�_
<br /> • ' • 13.Loan Charges. If the loan secured by this Scxurity Ins7rument is subject w a law wtuch sets maaimum loan charges, . ��;.-
<br /> and that law is C�naUy iaurpretcd so that the interest or other loan charges wllected or to be coUected in r.onnecdon with the toan
<br /> exceed the pertnitted limits,then:(a)any such loan charge shaU be:educed by the amount necessary w reduce the char$c W the , '�.."�.
<br /> ' ' . permitted limit;and(b)anY sums a}ready collected fram Borrower which exceccled permitted limits wi11 be refunded W Bonower.
<br /> _ �, � ; Lcnder may choasc to makc this rcfund by rcducin� the principal owed under thc Note or by making a d'uect paymcnt to
<br /> � � � � Borrower. If a refund reduces principal.the reduction will be treated as a partial prepayment without any prepayment charge
<br /> t•..
<br /> undcr thc Note.
<br /> 14.Notices. Any notice to Borrowcr provided for in this Scxurity lnswmcnt sha11 be givcn by delivcring it or by mailing it , ... ,
<br /> by first class mail unlcss applicable law requires usc of anothcr mcihod.The nodce shall bc directed co the Praperty Address or _ :
<br /> any athcr address Bosrowcr designatcs by noticc co Lcndcr.Any nopce to Lcndcr shall bc givcn by C�rst class mail to Lcndcr's . ,
<br /> � r address statcd hcrcin or any othcr address Lcndcr dcsignatcs by noticc to Bonower.Any notic,�:provided fot in this Security �. �
<br /> � Instrument shall be dcemcd to havc becn givcn to Borrowcr or Lcndcr whcn given as providcd in this pazagraph. .
<br /> � � 15.Governing Law;Severabillty. This Sccurity Insuumcnt shaU bc governcd by fcdcral law and the law of thc `
<br /> jurisdiction in whicb the Propcny is tacatcd. In 1hc cvcnt that any provision or clausc of this Sccurity Inswment os thc Notc 4..`, . , _
<br /> , � cnnt7icts with applicablc I;�w,such contlict shall not affcct othcr provisions of this 5ec;urity lnsuumcnt or thc Notc which can bc .
<br /> given effect without the conflictinb provision.To this end the provisions ot this Security Instrument and the Note are declared to
<br /> bc sevcrablc.
<br /> � • I Form 3028 9l90 - �
<br /> . . , �•8R(NE)tezi2i.o+ aapoaote m�ua�a: . .
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