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<br /> PaYII►ea�may no longer be requiced,at the option of I.endec,if mortgage insarance cav�age Cm the amount azcd for the period ��� ,..
<br /> . t6at L,cnder�ecl�)Pro��Y���PP1OVed by Leader again becomes ava�able and is obtained.Botrower shall�ay the ._
<br /> , premiums zeqviaed w maintain mo�tgage insur�cx u►effect,or tn provide a toss irserve.nntil the requirement for mongag� .
<br /> � insurance ends m accordance with aay wriuea agreemeat between Bouow�r aad Iender or a�plicable Iaw. , . ,
<br /> . � 9.Iosgection Lender os iiv ageat may make rea�onable enuies npoa and imspecdnns of the Property.JLwder shall give� ' �
<br /> � �` .�, Bormwer nodaz at the tnme of or prior tn an uupecdon spacifymg r�sorrable cause for the in4pectioa. � ' �= -
<br /> -- — IQ.Gond�as�on. 'Ihe proc,eeds of any award or ctaaim for damages,discrt or wnsectaenti�a!•in connearon aith any �... .�.-- --°,.'�.-.-*_-
<br /> ' .. ' condemnatinn or other taking nf any part of the Prap�t}+.or for comeyance in lien of condemnation,are hereby a�.ciSn�and � _ . �
<br /> sdall be paid tn l�endea. � ,
<br /> In the eveat of a wtal taking of the Propeaty,the psoc�eds shall be applied to the sams se�red by this S�curity 1ns�um�� ;� .- : ; .<'.
<br /> , whether os noi then due.with any eaccess pafd to Bmrnwer.ln the eveat of a paitial taking of d►e Propaty ia which the fa� - '`�.' .;� ;:
<br /> .' vatus of the Ptoperty immediateIy befare the tatdng is equai tn or gre�r than the amount of the sums secuned by this 5ecurii�+ -.., �'..�;,'
<br /> � L�suume�t immediarely before the ta�g, untess Boauw�and Lender othawise agree in writing.the sums sesvred by this ' ��� �. .
<br /> , Seauity Instrume,nt shall be reduced by the amount of the praceeds multipl'ied by the foltowing fracaon:(a)the total amount of , �.''"'`-
<br /> ;:<
<br /> the sums seaued 'nnmediately befoie the taking,divided bY(b)the fair marlcet vatue of the Propeaty immediately before the 1 f ��':�;;;. _<_:
<br /> � , taking.Any balaace shall be paid w Bonowea.in the eve.at of t►partial taking of the Prope,rtyr in which the fair market vaIue of the , `'?*�;,:�;.
<br /> n . •r
<br /> . Fropeity unrned':ately 6efare the taking is less than the amaani of the sums sec�ued immed�atE1Y before the talcmg, unless _ , ,.� ---
<br /> � Bonaw�and I�d�utherarise�in wiitiag or unlesg applicable!aw otherwise provides.the Proceeds sha11 be spplied to the ",�,��
<br /> soms seaued by ti�Seauity Insuument whedher or not the sums are th�dae. �. � _
<br /> If the pmperty is abandoned by Bairower,or if,after nodce by Leader w Borrawea that the condemnor offers to make an - --
<br /> . . . awaN or seWe a ctaim for dmnages.Bomnwet fa�s w res�nd m Le�der wittua 30 days af�er the date ihe notice is given,Ia�der :_:,��� '=___
<br /> � is authorized w oollect�d apply the pmceeds,ai its opdon,either to restora�on ar m�air of t6e Pmpeaty or to the sums seaued - ,"•°--�
<br /> ; � .-�� by this Secvrity Ins�m�t,whether or noL the�due. ' ,n�
<br /> _�_—
<br /> Unl�ss Lendea and Borrower otherwise agcee in wrilma,a�►Y aPPUcatifln of proceed4 tn principal sball not extEnd or ostpone �" �
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<br /> � . the due date of the iaonihly payments refeaed w m paragrap h s 1 an d 2 or c h a nge t he amoun t o f s u c h p a y m e u t s. `'�..��:
<br /> � . ��-'`� Y I.B a r r o w e r N o t R e l e a�e di F o r b e a r a n c e B y�i d e r N o!a W a tver. F.x�os�an of the time far p a y n e�t or modi�iCation .. '=�':�:"�:
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<br /> � of amorti�ation of the sums�bY this Sewrity InsOmment granted by Lender tn any saccessor m int�st of Bormwer st�all . . {,
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<br /> , �� � not o perate to release tt�ee 19ab�ity of t5e oiigiaal Bomower or Bomnwa's successors ia interes�L.euder s6a11 not be required to � �'i�. �
<br /> . .� . commence pmceed'mgs agaia4c any successor ia�terest or refuse w e�ctend time foT payment ar othawise madify amoniration o f � .��°"�"°"'�
<br /> aga a t
<br /> . the sums seas�ed by this SecaQiry Inswment by ceason of any demand made by the originai Boimwea os Borrawer's soccessors � . � .,;;-�.��+°�
<br /> � ' in interest.Any forbeaiance by Lender in exeacismg anY righc or remedy shall not be a waiver of ar precWde the exencise of any . �`�;��
<br /> • . .•��� right or r�edy. '•�,:�?..t;a t.,
<br /> 1Z.Saccessnrs and Msigns Bo�d;Joint and Several Liab3lity;Co-s3gaers. 'IUe cove�ants and agreeaneuts of Wis ,, : ;,': .' :�. E
<br /> . � Seauity Ins�ument sbaall bind and benefit the successots and assigns of Lendes and Borrower,snbject to tl�e pmvisions of �-''�"�:
<br /> � - pa�agraph 17. Bortower's covenant� and agcrements sbali be joint aad sevetal. My Bo:mwer who co-signs this Seaa�iiy . ,.�,��;�,:_
<br /> . ' Instrument but does not execute the Note:(a)is co-sigaing this Securit}r Instrument only w mortgage,gtant and convey that ;`;�;�:�
<br /> � Borcowea's interest in the Proyeny nnder the teams of thig Security Inst�umen�(b)i�not peason a ll y o b li g a r e d w pay t h e s u m s • .. .:: ,j..r
<br /> . sccurcd by this Seaseity�strumen�and(c)agees d�at I.endea and any other Boirower may agree to extcnd,modif}►.forbear or ` �•±+1�'�:;`r�=
<br /> � : ...;�:.f.:_,:
<br /> , � ' make any accommodations with regard w the te�ms of tliis Secucity Instruiment or the Note without thaz Borrowea s consen� '.:;,,..:::..���-
<br /> 13.Loan Chatgea If We loan secured by this Security Iasuument is subject W a law which sets maxiraum loaa charges. ' ; f ���,:,
<br /> ' and that taw is finaUy inteapreted so that the intesest or other loan charges collected or to be coueaed in connecaon with the loan ' _ -:�-
<br /> • � e�cceed the pesmiued limirs.then:(a)any such toan cdarge shall be mduced by the amount necessary to reduce the charge w the ': .:-,;_"�'_�__
<br /> .. ' permitped lunit;and(b)anY samv alreadY collected fmm Botmwer wtuch excecded peamiued limits wiU be refunded w Borrower. ----- -
<br /> .;.; . Lender may chaase w make this refund by redacing the yrincipal owed undea the Note ar by making a d'uect paymem w - - --. .
<br /> ,� '.� Borrower.If a refund reduces principal, the reducdon wUl be ueated as a paztial prepayment without any prepaym�t charge � . . �� :
<br /> �. under the Note. . .
<br /> � 14.NoUces. Any notice to Borrower yrovided for in this Security Inswment shall be given by deliveaing it or by mail'u�g it � : • �
<br /> • � by fust class mail unless applicable law requires nse of another method.The notice shall be dire<xed to iha Froperty Address or � •
<br /> ,� any other address Borrowcr designates by notice to Lender.Any noace oo Lender shall be given by Crrst class mail to Lender's, '. : `
<br /> :I addr¢ss stat�ed hercin or any othe.r address 1.endcr designates by notice to Borrower.My notice provided fos in this Searrity,: •
<br /> _ � •• lnstrument shall be deemed to have been given to Bo�rower or I.ender whcn given as yrovided in ihLs paragraph. • • • . _
<br /> •� I5.Governing Lacv;Severability. This Security Instrument shall be govemed by fcderal law and ihe law of 1hp•� • ."
<br /> � •_ � jiuisdiction in which the Property is located. In the event that any provision or clause of this Securiry Instrument or the Note . � �
<br /> conllicts with applicable 1aw,such wnflict shall not affect other provisions of this Security Insvument or ihe Note which can bo •
<br /> � . . given effect without the conflicung provision.To this end the provisions of this Security Instrument and the Notc are declared w � '
<br /> , . be severablc. .
<br /> Porm 8028 9190 '
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