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<br /> �.. 101.54�. f�-
<br /> c•uircd,nt thc option of Lcndcr, if mortbagc insurancc cnvcragc(in thc�n ount �td`�wcrlshullrpuy
<br /> payments may nc�longcr be r a
<br /> thut l.cnder requires)providcd by an insurcr npprovccl by l,cndcr ngt►in bccomcs availublc und is abtaincci.
<br /> ' , � the premiurns required to muintain inartgage insurunce in effect,or to provide u loss reserve,until the requirement for mortguge -:
<br /> insurance ends in uccordancc with any written ugr�;emcnt between Barrower nnd l.cndcr orr upplicablc law.
<br /> , `- 9, In�cpection. l.ender or its agent may makc rcasonable entrics upan and inspectians of the Property. l.ender shull give .e:;�'
<br /> Bormwer notice at the time of or prior ta nn inspection specifying reaaonublc causc for the inspection. �r
<br /> .�-.� �`_
<br /> - : � 1Q. '�andentnatlon. The procceds of an�� award or claim for dumages, direc¢ ar consequentiul, in com�ection �vith E►ny __
<br /> ,.t .'"rw� condemnution or other taking of nny pan of the Property, or for conveyance in lieu of condemnation, ure hereby nssigncd and
<br /> .� shall bc paid to l.endcr.
<br /> ' � In thc event of a totnl taking of the Prap a���aorrower�. In�the evcntpof a part alStakins f tle Propei�ty n�which he fair ,.�
<br /> � whether or not then due, with any excess pa
<br /> k m�rket value of thc Prope�;tc���fecthet ak'►ngt unless Borrower,and Lendertotherwise a�ree in[wr t ng S hes.sums secured b�y �y~
<br /> � Security Instrument imm y =.;
<br /> this Security Instmm�uT�immedeat ly before the tak n�,f div ded by�(b)hetfa'tr markethvaluel of the Prc`perty immcdiately �_
<br /> amount of the su
<br /> before the�aking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fuir -_
<br /> • . market value of the Property immediat nY�ese a rhee inkwritingeor un esshapplicable luw otherwi e pravides c�he proceeds shall L
<br /> � taking, unlcss �orrowcr and Lender a S _
<br /> • be applie,d to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> ` , If the Property is abandoned by Borcower, or if, after notice by Lender to Borrower that the candemnor offers to make an �,-
<br /> _,'„�,,,,,�; award or settle a claim for damages. B�heW oceeds et its opt on,e her to reshorauondor repai Tof the Property orCt the ums --
<br /> '�`•'"' ,� L e n d e r i s a u t h o r i z e d t o c o l l e c t an d a p p y p
<br /> .�:;,�.Y;�^` sceured by this Security instrument,whether or not then due.
<br /> Unless I.ender and Borrower otherwise agree in writing, any applicacion of proceeds to principul shall nut extend or
<br />,,'-�=-�'� postpone the due date of the monthly payments referred to in paragrnphs 1 and 2 or change the amount of such payments.
<br />`=••i��_= , 11,Borrower Not Released;Forbeurance By Lender Not a Waiver.Extension of the time for payment or modification
<br /> `��t""-V- �'�t ' of amortizatian of the sums secured by this�ecariry Instrument granted by Lender to any successor in interest of Bonower shall
<br /> �-�_�i,,
<br />--:=,=.,:;e;:��� not operatc to release thc liability of the original Borrower or Honower's successors in interest. Lender shall not bc requir to
<br /> -��'_:�::_� a,mu�cii�p�:�'in^e��o�n`r any successor in interest or refuse to extend time fer payment or otherwise modify amartization
<br /> w-�:7;,�+;yY�� of the sums secured by thls Security Instrumcnt by reason of any demand made oy ihe u,igi��ai i'arrc::er �r B^n°wer's
<br /> ____�..�:�,�] successors in intc:rest. Any forbezrance by Lender in exercising any right or remedy shall not be a waive,r of or preclude the
<br /> ----;'�� exercise of any right or remedy.
<br />— --- 12.Successors and Assigns Bound;Joint and Several LIability; Co•s[gners. The wvcnants and agreements of th�s
<br /> � Security Instrument shall bind and benefit the successors and assigns of L,ender and Borrower, subject to the provisions of
<br /> -��_� p�graph 17. Horrower's covenants and agrcements shall be joint and severaL Any Borrower who co�n��ah�nve that
<br /> __-�--- Instrument but does not execute the Note: (ate��ofthis Security Inst`rumentu(b)ns not personally abl sated to pay the ums
<br /> -'-�� Borrower's interest in the Property under the
<br /> _�r.-,:.,��
<br /> -. - secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,mndify, for ear or
<br /> �-�" _ make any accommodations with regard to the terms of this Security Instrument or the Note without thut Barrower's consent.
<br /> 13.Loan Charges. If the loan secured by this Security Instrument 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 wllected in connection with the
<br /> loan excced the pern�itted limits,then: (a)any such loari charge shall be reduce,d by the amount necessary to reduce the charge
<br /> to the permitted limit;and (b)any sums�fi�de�nd bt�reduc ng he princ'pal owed der hetlNot or by�tmaki gua d�ect
<br /> Borrower. Lender may chaose to make t Y
<br /> payment to Bonower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any
<br /> -- --- prepaymcnt charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivcring it or by mat�ng
<br /> = it by first class mail unless applicable law requires use of another method. The notice shall be directed t�the Property Address
<br /> - or any other address Borrower designatcs by notice to Lender. Any notice to Lender shall bc given by first class mail co
<br /> - [.ender's address stated herein or any other address Lender dcignates by notice to Borrower. Any notice provided for in this
<br /> 3ecurity Instniment shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> _--°- • 15.Governing Law; Sevetability. This Security Instcument shall be governed by federal law nnd the law of the
<br /> � jurisdiction in which the Pmperty is located. In the event diat any provision or clause of this Security Instrument or the Note
<br /> - ��—° con�licts with applicable law,such contlict shali not affect other provisions of this Security instrument or the Note which can be
<br /> -_-���1 given effecc w�tt►out the conflicting provision. To this end the provisions of this Security Instrument und the Note are declared
<br /> _;;,:^,x,:._ to be sevcrable.
<br /> - ��,���.�.t 16.Borrower's Copy.Borrower sh�ll be given one conformed copy of the Note and of this Security instn►ment.
<br /> �•� -,:.•.
<br /> Form 3028 9190
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