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<br /> ' paymen�s maY no loager be required.at the opdou of Lender.if mwtgage ia�uunce coverage Cn tLe amonat and for the periad
<br /> �` that L.ender requires)Pmvided by aa insnter appmved by Ignder again becomes availa6le and is obtained. Borrower shall pay , .
<br /> f,. _ , :
<br /> _ .' j ths premiums�equired w mainrein monga�e ias►uance in effect.or w pmvide a loss zeserve.until the nquirement for mortgage
<br /> , _�'. , innuance euds in accordanre with aay wriaea agceement hetween Bouower and Lender or applicabl�law. Lendec shall give - - - , .
<br /> __ .� .._°;.-�-�-� 9,Ias�e�tos�. Leusler or its agent may make ceasonable eatries upon and iaspecdoas of the Property. ,�`t -
<br /> - � c, 7 Bormarer notice at the time of or prior to aa ia�paxion specifying re�asonab2e caase for the inspecaoa �T `
<br /> .; . 10. Caademnation.'fhe proceeds of a�►award or claim for damages. direct or consequenrial. in connecdon with any
<br /> �'• . wndemnatiom or other taiung af any p�rt of the Property.or for com+eyance in Ueu of condemnaaon,are herebY assigued and . ,' . .•. .
<br /> -i` , . . : '.�; ..,_ .
<br /> -°. - . ' sLall be paid m I.endes. � . �- =
<br /> y: � '� e In the event of a total taking of the Propee�Y.the proceeds st�all be applied W the sums secured by tttis Secnrity Imsuumem, .
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<br /> :.,: • --
<br /> :.;" . . : whether or not tHen dae,with anY excess paid to Boaower. In the event of a partiaY taIdng of the Property in wtuch the fair -
<br /> `<i' market valne of the Property immediately befoie the takin8 is eqnal to or gnater tban the amownt of the s�s secured by this , -.^-"=-
<br />::;.. in writin�,the sums se�cued by ^, ":`
<br /> Secu�ity Insuument immediatelY before the taking,unless Bomower and lender otheswise agree�
<br /> ;.` . , :� this S�orit�r Instr�nent shall be nduced by the amaunt of the pmoeeds mult►Plied bq the following fiaction: (a) the total
<br />� '•:- amotmt of the sams secaired iaamediately before the taEQng,divided bY tb)the fair ma�cet value of the Ptaperty im�aLejY
<br /> � before tb.e taking.Any balance shall be paid to Boaower. In the event of a partial talnng of tbe PropertY in which the fair
<br /> �i� - market watae of tLe Propert9��ly befo�the takin8 is less than the amount of the s�ms secored�iately before the . ;. :- .� �.
<br /> + • _ .:.
<br /> :�;, , rnking.w n tess Boimwer and Lender othetarise agree in wrifmg or unl�s app�icab2e taw otheiwisepmvides,the proceecls shall . _-
<br />:�= - :�_ . _ be applied to tlsse s�s s�by this Security Insaument whether or not the snms aie then dae. --- -_ - -
<br /> If the Pmpemy is abandoned by Boaower.or if,after aodce by i.ender to Borrower that the condemnor offeis to malo�an _ _ .
<br /> '�.: r<<.� award or settle a claim for damages, BOIIQWCT '�9 LO Ip.Sj10Dd LO LE11(�PI W1Ih1II 3O dd'S!S'd�'•I�IIE'.(Id�' B�1C IIOt[CE IS g1V.?D� �r'.' ....ii'—•
<br /> }; ' Lender is awlhorized to coltect and apply the pmceeds.at its opaon,eitfler to resWration or repais of the Propertp or to the sams ,. �,t, ,�_
<br /> whether or not then due. :e, ` ;:;T.
<br /> •: .. secaied by this Sec�ity Iasuament, � E��_
<br /> ' • . . . ``' IInless Lender aad Boaower ot6eiwise age�ee in writing, a�+ aPPlicauon of praceeds to piincipal sl�all not extend or
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<br /> � .. . Po�Pone the due date of the montlily payments referred to in pa:agiaphs 1 and 2 or change tLe a�onnt of such payments. �:�. �; _--
<br /> • . . ]l.Bormwer Not Release�;Farbeara�ce By Lender Not a Waivez.Exten�oa of the time for payment os madification �. `�:_�,.
<br /> �•.;: of amomzadoa of the smms secuzed hy this Security Inst�ent granted by L�nder to any saccessor ia interest af Boirower shall ..�: ...�}�;;_'�
<br /> . not upeiate to zelease the liability of We osiginal Botrower or Bormwer's suceessors in intecest Lender shall not 6e zequired to ' .�F.��;:
<br /> , � .. ��e�p�ings against anq saccessor ia intemst or refase to extend time for payment or othe:wjse madify amort3zation . '. !"= _
<br />- , of the sums secared by this Secvrity Insuwneni by reason of any demand made by the origiaal Borrower or Bosrower's ; :�
<br /> • ' . .� sacce�ors in intecest. Any forbeazance by Lender in execeising any right or remedy shall not be a waiver of or preclude the , . . ` -
<br /> � exe�ise of any right or remedy �. �"'i:7i
<br /> �- � -- � �Z. Saccesso�and Asst�aa Bmmd.Joint and Several LlabiUtq, Co-s�ee�. The cavenants and agre�menis of this ,,,:�=,
<br /> ��'�t'� � '�� Security Instcament shaU bind and benefit the successois and assigas af Lender and Borrower,subject W the pmvisions of � ;`.;�:
<br /> � . .� paragcaph 17. Horrower's coven�wu and agreements sl�ali be joint a�W several. Aay Borrower who co-signs this Seauiry .+:.'
<br /> ' � ' Instnunent but does not execute the Note:(a)is casigning this Seauiry Instmment oWq to mortgage,gant and comey that r
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<br /> � ,• . •:; Bonower's interest in the Property under the terms of thiv Security InsYniment.(b)is not persos�ally obligated to pay the sums . ,�__
<br /> secared by this Sxurity Imsuament;and(o)agrees that L.ender and any other Borrower may agree to extend,madifY.forbear ot . _ __
<br /> . ' � mat�e any accommodations 9vith regard to the temos of tbis Secudty 1nst�umeat or the Note withoat t h at Borrower's wnsen� ' . ,
<br /> � � 13.Loaa Chargca.If the toan sec�ued by this Sewrity Instrument is subject to a law wluch sets maximum loan ch�.ges, •
<br /> and that law is finally inteipreced so that the interest or other loan cLarges collected or w be collected in connectioa wlth the , . .
<br /> , loan exceed the permiaed 1'units,�hen: (a)anY sucb loaa charge shall be reduced by the amount neeessary to reduce ttte charge . ,
<br /> � tv the permitted limit;and(b)any sums already collected from Borrawer wlrich exceeded perm9tted limits will6e refunded w � �
<br /> : ?;;.. ' Boaoa+er. I.emler maY choose to make thia refuad by reducing the principal owed ander the Note or by making a direct
<br /> • . payment to Horrower. If a refimd reduces Principal, the reducdon will be treated as a panial prepayment witl�out auy .
<br /> '• prepayment charge under the Note. . ..
<br /> " 14.Nottces.Any noHce to Bortower provided for in this Security Insdntment shFtll be given by delivering it or by mailing .
<br />; � � � � it by fizst ctass mail nnless applicable law requires use of another methad.The notice shaU be clirected to the Property Address , .
<br /> � � or any other address Boaower desip�ates by nodce to Lender. My notice to l.ender shall be given by fizst class mail to
<br /> (.ender's address stated herein or any other addcess Lender designates by notice to Bonower. Any notice provided for in this . . �
<br /> � Security Insuwnent shall be deemed to have been given to Bonower or Lendes when�iven as provided in this paragraph. �
<br /> • � 15.Goveming Law; Severabllity. This Security Insaument shall 8e govemed by federal law and ttte law of the ; • . .
<br /> • • .� jurisdicdon ln which the Property is iacatecl• In the event that any provision or clause of this Sec�uity Insuument or the Note . ..
<br /> conflicts wlth applicable law.such wnflict shall not affect other pmvisions of this Secwity lnswment or the Note wluch can be �
<br /> , given effect without the conflicda�provision. To this end the provisions of this Security Instrument and the Note are dectared .. , :
<br /> � � . to be severable. �
<br /> � 16.Borrower's Copy.Bonower shall be given ane wnfoimed copy of the Note and of this Securiry Instrumen�
<br /> Form 3028 .
<br /> _ ���BRWEI�ss+s�.o� aaye o o►e wuats��������
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