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<br /> PaY����Y no ionger be required.at the option oF Lender.if mortgage insuranoe rnverage(in the amount and for the geriod «;:::.:,.;,._�..�.�r.,:.-.
<br /> . , : �:h � ;h that Lender �eqaira?Provided by an insarer approved by Lender again becomes available and is obtained. Borrower shall pay .��.f.-4'.,,
<br /> � � the premiums recluited to maintain mortgage insutance en effect,or to provide a loss ieser�+e,unti!the requiremeat for mortgag�
<br /> � tG.��.. ��� . : .
<br /> ., ' � insurance ends in aaordance with any written agre�ent bet°'`ee"B°rr°wer and Leader or applicable law. ,, .4,� �
<br /> ° , �� 9.In�on Leader or its agent may make ceasonable entries ugon and inspections of the 1'roperty.l.ender shall give� � `: � - .
<br /> � �::�...�'�<.. ,
<br /> . ." Borrower notice at the time of or prior to an i n speMion speci f ying r e a s o n a b l e c a u s e for t h e i n s p e c t i o n. , �! `:-`�• , . ..,.
<br /> � ` 10. Conde�nation.The proceeds of any award or claim for damages. direce or consequentiul. in connection with any� �., ,
<br /> . , .:,
<br /> �_ �; �`f conde�nnation or other takin�of any part of the Property.or for rnnveyance in tien o f co n d e m n a t i o n,a r e h e r e b y a s s i g n e d a n d� . , : � (,: 'Y
<br /> '- shal!be paid to L.ender. `°y`,-- ,
<br /> �... In thc eveat of a toial taking of the Property.the praoeeds shall be applied to the sums secured by this Security Insorameat.i� , ,' ..
<br /> � � � Y t �: ' � whether or not then due.with any eacess paid to HorrQwer.In the event of a partial taking of the Property in which the fair .� �,
<br /> � martcet value of ttie Property immediately before the taking is equal to ar greater than t@e amount of the snms secured bY this ' ` 4 ',� _
<br /> ' �,�'{� Security Instnunent immediarety before the taking,unless Borrower and I.ender otherwise agree in writing,the swns secured by � � � 3-
<br /> , s_
<br /> ;'•; .� � ` t h is gecvrity I n s t r u me n t s h a U b e re d u ce d b y t h e a mount of the proceeds mulri plied by the foltowing fraction: (a) the total , _
<br /> � amount of the sumc sectued imsz�ediately before the taking.divided by (b)the fair maricet value of the Property immediately ''�� ' � --
<br /> � ' before the taldng.My balance shall be paid to Borrawer. L►the eveat of a partial taking of the Property in wAich the fair �- -
<br /> `' � Ft ,.�; market value of the Property immediately befoie�e�S is less than the amount of the sums secured immediatety befare the -. t.�; v,
<br /> ` . . taIang.unless Borrower and i,ender otherwise pgree in writing or unie�applicable law otherwise provides.the pmceeds shall .�-.. �
<br /> : ,` be applied to the sums secured by this Security Instniment whet6er ar not the sums are then due-
<br /> ° • t If the.Property is abandoned by Borrower.or if.after nodce by Lender to Borrower that the condea►nor offe�s to make an ..
<br /> �4`...:,.A. ':., �-`'� , award or seule a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notioe is given, .. ; .;�
<br /> Leader is authorized to coUect and apply the pmcexds.at its option,either W restaration or repair of the Property or to the sums t'���� "�
<br /> � �"� -
<br /> ' � '� ' secured by this Sea►rity Insuument.whether ar not then due. --
<br />- . .�':'`• a tication of ceeds w princi shall nnt extend or �,-
<br /> _._*-.-- .�-'��:� _- Unless Lender and Borrower otherwise agree in writina. anY aPP� P� P� .,. .,�`` �'�
<br /> � � postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of such payments: _.
<br /> • • 11.Borrovsrer Not Reteased;Forbearance By I.ender Not a Waiver.Excension of the time for payment or modificaaon � .
<br /> of amortization of the sums secuted by this Security Instrnment gianted by I.ender to any successur in interest of Borrower shall •-,���.•'�Y��
<br /> �-°•'�� : • ° not operate ro release tlie liability of the original Borcower or Borrower's s�sors in i�zst. L.eader shall noi be required to --
<br /> ' '.� �.�•s�:'.
<br /> . . commence pmceediags against any successor in interest or refuse ta extend time for payment or otherwise modify amortization _
<br /> • � :"� %% of the sums secured by this 5ecurity Instrument by ceason of any demand made; by the original Borrawer or Borrawer's > .'•, `�---_
<br /> s '� ', successors in interest. Any forbearance by Lender in exercising any right or remedy shall nat be a waiver of or preclude the .,; ��
<br />- . , exercise of acry rig6t or remedy. • ...''�:�� ,"�`
<br /> �. Snccessors and Assigus Bouad;doint and Several I.iability;Co-si�tters. The covenants and agmements of this _ '.:;,,:` _
<br /> g0.
<br /> ; . ' � Secuciry Instrument shall bind and benefit the suceessois aud assigns of I.ender and Borrower, subject to the pr.,visions of ,..>;,�:?•�,�y
<br /> � paragrapb 17. Bormwer's covenants and agreements shall be joint and several. My Borrower who co-signs this Security ,..� �,�,�_�.
<br /> � Instr�ment but does not execute the Nate: (a) is co-signing this Security Instrument onty to mortgage,grant and convey that �:� -
<br /> � Bonawer's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums _ _=
<br /> � . _ � secured by this Sea�rity Instrument;and(c)agrces that Lender ar.d any other Borrower may agree to extend,madify.forbear or `,� - ----
<br />•. � , make any aaommodarions wich regazd ta the terms of this Security Inswment or the Note without that Borrawer's wnsent. � , . •"`� �'�"-_'
<br /> ,. .. � .. �,-_
<br /> � � � ' . 13. I.aan Cha�es•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 coliected or to be wllecied in conneciion with the . . R�5"'�"
<br /> . �:•:.:.. ,:.
<br /> - , loan exceed the pertnitted limits.then:(aj any such loan charge shall be reduced by the amaunt necessary to reduce the charge • `•• •
<br /> '�{ `.�� . � to thP;.�zrmitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits wil!be refunded tv
<br /> �:.:�:�. " .�,_;.
<br /> . ° BoROwes. Leader may chaose tb make this refund by reducing the principal owed under the Note or hy malan�a direct �_::.: -----
<br /> payment to Borrower. If a refund reduces principal, the reduction will 6e treated as a partial prepayment without any �
<br /> ' . prepayment charge under the Note. . ` ��T`_
<br /> ., ` ' . 14. Notices.Any notice to Aorrower provided for in this S�curity Instrument shall be�iven by delivering it or by maiting •�•:v��:`�
<br /> ..,�:��;�:
<br /> it hy first class mail uniess applicable law mquires use of another method.The notice s h a ll be d'uected to the Prope r ty Address ;_=_':-'J
<br /> + '. � . �• or any other address Borrower designates by notice ta Lender. Any notice to I.ender shall be given by first class mai!to � ;'=�`��,�:'w:
<br /> • � Lender's address stated herein or any other address Lender designates by notice to Barrower. Any notice provided for in this •• �--•�y=��� r=-
<br /> � � � • Security Instrument shaU be deemed to have been given to Borrower or Lender when�iven as provided in this paragraph. �. •
<br /> � � 15.Governing Law; Severab3lity. This Security tr�strument shall be govemcd by federal law and the law of the ••� ,
<br /> �: t . . jurisdiction in which the Property is tacated. In the event that any provision or dause of this Security Insttument or the Note _.. _..
<br /> • .. conflicis wiih applicable law.such confiict shall not affect other provisions of this Security Instrument or the Noie which can be n..;,;.,..._;;�._�
<br /> . �. . . : � given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared .
<br /> � _ �.: to be severable. • ,.. �
<br />. • � Ib. Borrower's Copy.Bonower shap be given one conformed copy of the Note and of this Security Instrument.
<br /> ' � Form 3028 9190 • �
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