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<br /> '. `�``� payments may no tonger bc rcquired.nt the optinn ui L.cr►dcr, if mort�a�c insuranee caverage(in the�unt aIId for the periad ' `; �� .
<br /> ' ' � thst l.ender reqaires)provided 4�y an insurcr approvcd by[.endcr again bocomes available and is obtained.Borrower sliall pay �: ,'��,�� _
<br /> `• ' � � ` the premiums reyui.red ta maimain mortgagc i�uu�nc�in effect,or to provide a Ioss reserve,untii�he requirematt for mortgage "'� �° ,' -.
<br /> ' , �"` insurance eads in acoordanoe wii4t any writttn ngrcement between BoROwer and Lender or applicable law. •'�`' �• �'� '
<br /> • ' ` 9.Inspect[on.Lender or its u�ent may makc reu.uis�able cnuies u�n and iaspections of the Pmperty. Lender shall give "._ '
<br /> � ' � �`� Horrower aoUce ac the time c�f ur prior to an in�pec�ion specifying rcasonable cause for the inspection. � • � ' �
<br /> �.:.•..� i0. Conde�nution. The pracecds of nny award ��r claim fnr dsmages, direct or consequendal. in connection witls any ':,` ;� •
<br /> - - --- � condemmtioA or othes ta�ing af any past E:f�Praperey.or&�t caAVeyance in lieu of conciemnaiien,are hereby assigned and �=-- -- _
<br /> � , . „�'+ shal!be paid to i.ender. N.�
<br /> tn the event of a tota!taking of thr Propeny.the praceeds�hall be.applied to the sums secureA by this Security Instruraent, .� .
<br /> �_-� - whether or not then due,with any excess paid to Bnrmwer. In the event of a partia{taking of the Property in which the fair �. `'��-�=�='-
<br /> '- -` , marlcet valtte of the Pmperty immediatety before the t�ciag is equa!ta or greater than the amount of the sumc secured by Uus . • "
<br /> ' ' � Securiry Instrument immediately before thc t;iking.unlcsw&►rrower and LenQer othenvi5e agree in writing.the sums secured by _ _
<br /> ' tivs Sea�rity Instrument shall be rcdaced by Ihe amaunt of thc pr�cee�ls multiplfecl by the following fraction: (a) the total - - - ___
<br /> � : ; amount of the sums secured immediatcly bcfarc the taking.divided hy Ib)the fair market value of the Property immediately � �..";�.�;: ..
<br /> ` • before the taking. My balance sha11 be p�id to Borro�er. In tha event of v partia!ta4ring of the Pruperty in w6ich the fair
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<br /> s � market value of the Property imm�diately before the taking is l�ws than the nmount uf the sums secured immediate{y before the
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<br /> ._ �� . :.:',v.:"`. taking,utiless BoFrower end Lender otherwise agrr.e in wdting or untess appficable law othernise pravides.the proceeds shall - , `
<br />� . ,• be applied to the sums secured by this Security Instrument whethcr or not the sums are then due. ''��
<br /> �• If the Property is abaadoned by Bora�wer.ar if,after nolice by I.�nder to Borrower that the candemnor offers W make aa --
<br />_- " ' award or settle a claim for damages, Borrower fails to respond ta I.ender within 30 days after the date the notice is given. , . . - ° --
<br /> _ ,' _�, _ ,__ Lender is autharized to collect and apply the pmcecds,at its option.either to restoratian o�repair of the Properry or to the sums •� '. r'�-
<br /> ----- , . -� secured by this Ser�sdty l�stnunent,whether or nat then due. r �"�`�-
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<br /> �� TJnless Lr�der and Borrower athenvise agree in writin�.any application of procceds to principal shall not eatend or • - �' ���=•-
<br /> � � ' postpone the du�date of the monthly paymcats refeaed to in paragraphs 1 and 2 or chartge the amount of such payments. '�•`���� ��;:;'-�'=
<br /> � � • 11.Borro�ver Not Reteased;Forbeaeance By I.ender Not o WNvee.Extension of the time for payment or modificauon .'i.�:''.i'
<br /> -�- �° � � � - � of amortizazion of the sums secared Dy this Security Instrumert�rranted by Lender to any saccessor in iMerest of Borrower shall �°...°._ ?��
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<br /> � . ' not operate to release the liability of the original Borcuwer or BnrrowePs successors in interest.Lender shall not be mquired to ' _��_
<br /> � � commence proceedings against any saccessor in interest or refuse t�eatend time for payment or otfienvise madify amorti7ation '%"':�` • --
<br />, • =� of the sums secured by this Securiry Instrument by reason of uny dcmand tn3de by the original Borrower or Borrawer's •�s'•-; s�
<br /> : •._ snccessors in interest. My forbeazance by Lender in excrcising any rig6t or remedy shall not be a waiver of or prectude the '
<br /> •• • eaercise of any right or remedy. —
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<br /> � �• . 12. Succ�ssors and Assigas 6ound;Joint and Severs�l Uability; Co-sigaers. The covenants and agreements of this •_.,�,,.
<br /> '. ,� . Security Instrument shall 6ind and benefit the successars and assigns of Lender and Borrower, su6}ect to the pruvisioag of • ��°
<br /> � � �F . ,. pacagraph 17. Borrower's covenants and agreements shail be j�int suid several. Any Borrowar who casigns this Sewrity •ir,,, ., ___
<br />_ ,-, --.-. Instrument but daes noi execute the Note: (a) is co-signing this Security lactrumeot aaly to rtu►rtga�c,grant and convey tt�at ' '•,���
<br /> '. � ' • Borrower's interest in the Property under the term�,of this Security lnstrument;(b)is not persanalty obli�ated to pay the sums `�.� ' �_'
<br /> : secured by this Security Inst�ument;and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or ' �-Y
<br />- � � -� ' • make any accammodations with regard to the termc of this Security Instrument ar the Note withaut that Botrower's wnsent. �•. `�=`
<br /> � . 13.Loan Charges.If the loan secvred by this Security lnstrument is subject to a law which sets maximum toan charges.
<br /> ? �� � •� and that!aw is finally interpreted so that the interest or other loart charges collected or to be a►Ifecit�in connection with the ' �-.
<br />. �. . � loan exceed the pemutted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge - -�-- --
<br /> � � ' � . :;+ to the permitted limit:and(b)any sums already collected from Borrower which exceedui permitted limits will be refnnded to . '�. ., '-�
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<br /> Dorrawer. I.ender may chaose ta make this refund by reducing the principal owcd under the Note or by making a direct • ••• ;_,��
<br /> .; ,.. � •i, payment to Borrower. if a refund reduces principal, the reQuctian will he treated ah a partiat prepayment with�ut any . --_
<br /> ".� prepayment charge under the Nate. . ' ' "
<br /> 14.Notices.Any notice to Borcower provided for in�his Security Instrument.rhail he given hy delivering it or by mailing ' .. �'_
<br /> , � . it by first class mail anless applicable!aw requires use of anather methad.The uotice ShaU be dirccteci tn thc Property Arldress ,. �,
<br /> � :__ or any other address Bonower designates by natice to Lender. Any notice tu l.endcr shall hc given hy �rst class mail to .
<br />- ' • l.ender s address stated herein or any other addrexc l.ender designatcs by nuticc to Rorruwcr. Any notice provided for in this � ' '
<br /> �, Securiry Instrum¢nt shall be deemeui to have been given te�Bnrrowcr nr l.ender when given ay prnvide�l in Ihis paragraph. ' . '
<br />- � . 15.Governing La�v; Severa611ity. This Security Instrwnent +hall be govcrned by fcdcral lativ and the law of thc • ; . .
<br /> � � ' jurisdiction in which the Property is located. ln the cvec�t that any provicion ur cicw�c uf thi+Sccurity Intitrumcnt or thr N�xe
<br /> conflicts with applicablc law,such conflict shall nat affcrt athcr provisionti nf this Sccurity Invtrumcnt�►r thc Nntc�vhich can bc � . .
<br /> � • given effect without the contlicting pravisian. To ihis cnd thc pruvisions oi this Securiry Intitrument:md the Niitr are declarc�d , �.
<br /> � ` ' ` to bc sevcrablc. � ' � .
<br /> 16.Borrower's Copy.Borrower shall 6e given one confc�rniui capy nf the N��te and��f�hir Security Intitrument. � . . �
<br /> • Form 3028 8J�J0 �.
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