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<br />_ . , paymcats may Qo Innbcr bc rcquircd,at the option of Lendcr,if mongage insurance cnvccage(in the aunount and for thc period �
<br /> • � [t�at Lender rcquim;s)provided by an inssu�r approved by Lender again becomes avaitablc and is obtaincd.Borrower shali pay thc : N-. .�;'� ,r- .
<br /> . -�. preiaiams required to maintaiu martgage iasucance in effect.or to provide s loss rescrvc,until the rcyuirement for mortgage - �
<br /> � . _ '-=—• insurancc ends in accordance with any writtea�agreea�ent between Borrower and Lender os applicabte law. ` . ''.
<br /> :.�°��� 9.Inspection. Lendes or its agent may make reasonable catrics upon and inspections of thc Propeny. Lcndcr shaA give „_ '
<br /> - ,=, - Borrower aolice at Ihe time of or prior w an inspection specifying reasc�abic c�sc for the inspaxion. - --��.- --
<br /> � . 10.Condemnation. 7'he proceeds af any award or claim for damages,direct or consequential, in counecdon with any ,. <<�." �
<br /> . condeaanation or other taking of any part of the ProPerty,or for conveyance in lieu of wndemnalian,are heaeby assigned and .� .'
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<br /> _ ` shaU be paid w L.euder. - `�;�.�'
<br /> � ` ' ' In the event of a total taking af the Property.the proceeds shall be applied to the swns socured by this Security Insuument, � � -
<br /> ` ` whether or not then due,with any excess paid w Borrower.In the event of a partial taking of the Propeny in which the fair market �� � °�,°�����_i�
<br /> .' • value aF the Property+ immediately before the taking is equal to ar greater thau the amount of the sums secured by this Sec�uity � °�;,`�..,
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<br /> .. , ~ [nsuument immediately bc:fore the takiag. �less Borrower and Leaider otherwise agree in writing.the sums secured by t6is • �.;'"'""° �
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<br /> , Security Insuument shall be reduced by the amount of the pmcceds muUiplied by the following fcacoion:(a)the total amount ot ' "� � _- -
<br /> _ the sums secured immediately hefore the taking,d3vidcd by(b)the fair martcec value of the Property immediatcty bcfore the . --
<br /> �` taking.Aity baIance st�all be paid to Borrower.In the event of a partial taking of the Property in which the fair markei valae of the ' .• "
<br /> • , Property immediatety before Ihe taldng is less than the amount of the sums sccurcd immediately before the taku►g, uniess `'� �' .� �.a
<br /> , �,:.' Borrower and Leader othcrwi�e agree in writing or unless applipble!aw oiherwise provides,the proceeds shall be applied to the . -� _
<br /> �.;.; ' � sums seaued by this Security Instrument whether or not the sums are then dae. , , � "
<br />"�,��-�_ : ;;: If ihe Property is abandoned by Bomnwer,or if,aftcr natice by Leader to Boaow�x Wat the condemnor offers to make an
<br /> -- . . �-�y award or seule a claim tor damages,Borrower fails w respond to Lenda within 30 days after the date the notice is given,Lender
<br /> ' .' � - �;•�.! is authorized to capect and apply the proceeds,at its option,either to msta:ation or repair of the Property or w the sums secured ---
<br /> ' " by this Security L�strument,whether or not then due. -=z- _ --
<br /> � � Unless Lender and Borrawer otherwise agree in writing,any applicauon of procceds to principal shall not eatend or postpone ---
<br /> . ' . ' '"j the due date of the monthly payments referred to in paragaphs i and 2 or change the amrnmt af such payments. �' '"',`' �` --
<br /> - � � 11.Borrawer Not Released;Forbearance By Lender Not a Waiver. E�ctension of ihe tirne for payment or modific�tion •. r. ;' - —
<br /> • ' of amortiraaon of the sums secured by this Security lnsuument ganted by Lender to any successor in interost of Bonower shall
<br /> � • � . not operate tn retease the liability of the original Boaawer or Borrower's successors in interes�.Lender stuill not 6e cequired to ��>�,•`'���, �� �•- �
<br /> . commence proceedings against any successor in intemst or retuse to extend time for payment or otherwise madify amortizatinn of , - ""-"
<br /> • � � the sums setured by thu Security Instrument by reason of any dcmand made by the original Borrower or Borrower's successors ==
<br /> ` in in�My forbcarance by Lcndcr in exercisu�g any right or remedy shall not be a waiver of or preclude the exercise of any , ; ���-�
<br /> � � �. right or remedy. _�•=
<br /> •. �� 1Z.Successors and Assigns Bound;Joint and Several Liabitity; Casigners.Thc covcnants and agreements of this ��"': .� � `' °'"-
<br /> . - Secufiry lnswment shall bind and ben�t thc sacccssors and ass�gns of Lcnder and Borrower. subject w the provisions of � -` '�'`y_
<br /> ' parapzpb 17. Borrowcr's covcnants and agrcemcnts shall be joint and several. Any Bormwer who co-signs this Security �:z�::i �'�'."±�;��,°-
<br /> ' .� � Instrument but does not execute ihe lYote: (a) is co-signing this Security lnstrument anly w mongage.grant and convey that . . �.�',�?-
<br /> � Borrowcr's interest in thc Property under the tcrms of this Security Inswment;(b)is not pecsonally obligated to pay 1ha sums , , .:����„
<br /> ? secured by this Security Insuumcnt;and(c)agrees that Lender and any other Boaower may agree to extend,modify.forbear or • ; � � "�_
<br /> • make any accommodations with regard to the terms of ihis Security Insuument or ihe Note without that Boitowet's consent •• - __
<br /> . � �• '�� 13.Loan Charges. If the toan secured by this Security Inswment is subject to a law which sets maximum loan char�es, . -•; ;�
<br /> and thnt law is t'mall y inte r preted so that the interest or other laan charges coUectcd or to be collected in connection with the loan •`��:
<br /> � ' ' � j caceed the permitted limiu,then:(a)any such loan charge shuU be reduced by the amount necessary to reduce the char�e to the
<br /> �r� '�.-`:�--��==j permiucci Gmit;and(b)any sums alrc:ady witected from Borrower which exceeded permitted limits wil!be rcfundcd ta Borrower. ' �.
<br /> - . � Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to ��•••,: .
<br /> . .• • ' Borrower. If a reFund reduces principal,the reduction will be ireated Fts a panial prepayment without any prepayment charge � . _
<br /> �� • . ' undcr thc Notc. :.�>� • .., � •
<br /> 14.Notices. Any notice to Bonower provided for in this 5ecurity insuument shall be given by deGvering it or by mailing it . . . ,
<br /> � , by Crst class mai unless applicabie!aw requires use oP another method.The nolice shall be d'uected to the Propert}+Address or � ' . � . � •
<br /> ,. , any olhcr address Borrawcr dcsignates by notice tn Lcnder.Any noticc to Lender shall be given by fust class mail to Lcndcr's : � . .
<br /> . address statcd herein or any othcr address l.cndcr dcsignatcs by noucc to Borrower.Any noucc provided for in this Security ,. ' •�
<br /> , , Inswmcro sh�,d1 bc dccmcd to havc becn given to Borrower or Lendcr wficn givcn as providcd in this par�graph. .
<br /> 15.(:uverning Law;Severabllity. This Securiry lnswment shall bc govemod by federal law and the law of the . . ' ., . .
<br /> � � � . �unsdicdon in which thc Propcny is locatcd. In thc cvcnt that any pravision or clausc of this Security lnsirumcnt or thc Notc , ,
<br /> . coni7icts with applicablc I�w,such conflict shall not affcct othcr provisions of this Sccurity lnsuumcnt or the Notc which can bc ' .
<br /> . yven effect withnut the conflicun�;provision.To this end ihe provisions of this Security inswment and the Note ate declared w . .
<br /> � '� bc scvcrablc.
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<br /> • • . "i Fo�m 3028 9i90 ' .
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