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<br /> � 9T �t��s�5 . . .
<br /> . i nt+ma n��lunger be required,at tt►e option of Lender, iF mortgage in.ucance cocersge(in the amount and for the period t . _ � � _��
<br /> paymc y � �—
<br /> • i that Lxnder reyuires!provided by an insurer approv e d by L e n d e r a g a i n b e c o m c�a v a i l a b t c a nd i�obtainai. Borrower shall pay —
<br /> _r j h .
<br /> the premiums required to maintain mortgage insurance in effect.or to provide a locs reserve.until the requirement for mortgage .:�,,
<br /> �� � insurance end+in accordance wiih anY w�ritten agceement between Borrower and Lender or applica b le t�w• .. .�,`�"�
<br /> ; � q,I[tspa'tion. Lender or itti agent may make reasonable entries upon and inspecrions of the Property- Lender shall give _ _
<br />�� Borrower notice at the time of or prior to an inspectian specifying reasonable eause for the icupection. �
<br /> __ �p, Condeennallon. The proceeds of any award or claim for damages. direct or cum.e.quential. in conneccion with any `
<br /> mndemnation ur other taking of any part of the Property.or for con�eyance �n[ieu of�ondemnadon,are hereby assigned artd , ���'_`
<br /> shall be paid to[xnder. , �"
<br /> In the event of a total taking of the Property.the proceeds shall b�applied to the sums secured by this Secm�whi h the fair � _ : ,' __�_s
<br /> ` whether or not then due, with any excess paid to Borrower. In the event of a partfal taking of the PrapertY � _ __',,,,�_ ..�
<br /> market value of the PropertY �mmediately before the taking is equal to or greater than the amaunt of the sums secured by this ��41 �' .
<br /> Security Inswment immediasely before the taking,unless Borrower and Lender otherwise agree in wriang.the sums secured bY , r��., .-
<br /> � this Securit� Instrument shall be reduced bY �►���in�div ded by�(b)Ithe'tf T market value,of'the Property immediatetly ���,� .-
<br /> amount of the sums secured immediately before g • .��--.�
<br /> before the taking. Any balance shall be paid to Borrower. ln the event of a partial taking of the Property in which the fair ��
<br /> market vatue of the Property immediately before the taking is less than the�o�le law otherwis proides,the pro bceeds s4ia11 .
<br /> un ess `"��,._.
<br /> taking. unless Borrower and L.ender oiherwise agree in writmg or apP �•:. �:..�,�, ;
<br /> be applied to the sums secuted bY th�s Se�urity Instrument whether ar not the sums are then due. .,_ ,_y „__
<br /> � If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an .:,_�� .#�=,�
<br /> Ys..��
<br /> � award or senle a claim for datnages. Borrower fails to respond to Lender within 30 days after the date the notice is given, ;—.;�y`'
<br /> -.-�� Lender is authorized to collect and apply the proceeds,at its option.either to restoration or repair of the PropertY or to the sums — �—a
<br /> secured by this Securiry I�ment,whether or not then due. :�'"`�
<br /> in writin any applicadon of proceeds to principal shall not extend or ,.���
<br />• Unless Lender and Borrower otherwise agree g� � hs l and 2 or change the amount of such payments. ' �� �,oz °�
<br /> postpone the due date of the monthly payments referred to in parag P �;' .aw�i� ��� —
<br /> k��:�,�>':c
<br /> I1.Borrower Not Rele�sed;Forbearanze BY Le�►der Not a Waiver.Extension of the time for payment or modification x . y.�
<br /> Y of aznorti7ation of the sums secured by this Security Instrument granted by L.ender to any successor in interest o f�arrower shaU •,r • '. ( _:
<br /> not operate to release Ihe liability of the original Borrower or Borrower's successors in interest. Lender s��all not be required to ;+��' :U, —
<br /> i commence proceedinSs aSainst anY succes�or in interest or refuse to extend time for payment or otherwise modify amortir�uan _
<br /> of the sums secured by this Sxurity [nstrument by reason of any demand made by the original Borrower or Borrower's ;;` `
<br /> � successors in in terest. An y forbz�arance by Lender in exercising any right or remedy shall not be a waiver of or preclude the ' _ y ,
<br /> .d� i,� :�;t f •,.
<br /> . eaercise o f an y ri g h t o r r e m e d y�. i;���•...� �
<br /> '", IZ. Succ��s �d � Bour.d; Joiat and Several Liability; Co-signe�s• The covenan t s a n d a g r e e m e n t s o f t h i s
<br /> .� :�'` Sewrity Instrument shall bind and benefit the successars and assigns of i.ender and Bonower, subject to the proviuons of ;s ;:�..
<br /> .`",�:1
<br /> aza h 17. Borrower's covenants an d agr e ements shall be jaint and several. Any Borrower who co-signs this Securiry . ,•;,:,i :�-
<br /> -. p 8`�P mec!c e�l to mortgage, grant a�3 convey Wat _ ���, .�•
<br /> Insuument but does not execute the Note: (a) is co-signing this Security instru Y ;� ,�
<br /> • Borrower's interest in the Property under the terms of this Security Instrument; (b)ic not personally obligated to pay the swns ��, ��-T_
<br /> •• secured by this Security Instrument:and(c)agrees that Lender and any other Borroa•er may agree to extend,modify,forbear or .,J�._''
<br /> make any accommodations with regard to the temu of this Securiry Instniment or the Notr,without that Borrower's consent. •,rl��' � �
<br /> . �3,Loan Chur�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 inte►�reted so that the �Such�loan cfiarge shall e$reduced by the amount�nlecessary to reduce the h ge �Y ' - ;w'�_J '
<br />; � � loan exceed the permitted liu.iu.then: (a)any• �'s`` Y --
<br /> �t��� to the permitted limir and(b)anY sums already collected from Borrower which exceeded permitted limits will be refunde�to .:,�;a'---:-=�-_•--'
<br />� ��:'�'•: Borrower. Le-�..�'-�r may choose to make this refun p by reducing the principal owed under the NotereTa y ent�without�lany ;•�°^-•_--•��-_°-.
<br /> �. payment to Banower. If a refund �eduas princi al. the reduction will be treated as a partial p p Ym �,��
<br /> prepayment chazge under the Note. ,__
<br /> 14.Nottees.Any notic�to Borrower provided far i�this Security Instrument s!-.ai1 be given by delivering it or by�Ti�
<br /> ,� ,;..:�::
<br /> ' it by f irst c lass m a il u n l e s s a p p l i c a bte law r e quires use of another method.The notice shall be directed to the Property -�.:.
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by f irs t c l a s s m a i l t o ��_-
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice provided for in this ��
<br />� � , Security Tnstrumcnt shall be deemed to ha�e been given tv Borrower or Lender when given as provided in this paraSraph• - .
<br />� 15.Governing 1,aw; Severability. This Securicy Instrument shall be go�'erned by federal law and the law of the :�1 *_��_ �
<br /> jurisdiction in which the Property is located. In the event that any provision or clausc af this Securiry Instrument or the Note - �_`„ _�,
<br /> .. conflicts with applitable law,such wnflict shall not affect other provisions of this Security Inswment or the Note which can be —
<br /> ' given effect without the mnfliMing provision.To this end the provisions of this Security lnswment and the Note are declared ��-;_
<br /> ThF_'f.��.7'_y�- - .
<br /> to be severable. `:�'��
<br /> 16.Borrow•er's Copy Borrower shall be given one canformed copy of the Note and ot this Securiry Instniment. �� r�.,i.,��.
<br /> • Form 3028 9190 " . . - :
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