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<br />_ . . " paymenu may no longer be required.at the optio ro�b ��er again becomes a ailable�and�is obtainedn Borrower shall pay `,; `�`�' •
<br /> `. • ' t�at Lender requires)provided by an insurer app Y ,
<br /> � �
<br /> . , . " .. the premiums requi►�ed to maintain m°tegage�nsur��in effect.or to pmvide a loss reserve.until the requirement for mongagc . c- '
<br />.,� `
<br /> insurance ends in accordance witti any written agreement between Sorrower and Lender or applicable law. �nder shall give ' � .
<br /> �. ;;� _� ' g,Inspecttun, i.ender or its agent may make reasoaable entries upon and inspectioas of the Pruperty-
<br /> � „�:: �n reasonabte cause for the inspection. .
<br /> Horruwer notice at the time of or prior to an inspection specify� g
<br /> '°` .- I0. Condemnat�on. The proceecls °o the Pro erty.or�forfconvdeyangce•in lieu of�emnation.are hereby assigned and �.. '
<br /> `.�. c o n d e�n a t i o n o r o t h e r t a k i n g o f a n y p P ``.� . .
<br /> • ��;t. shall be paid to Lender. • . k
<br /> ` �`4 � In the event of a tatal tatcing of the Property.the Pr°�e�s shall be applied to the sums secure�by this Security Instrmnent.
<br /> ��_. ::,, •...
<br /> °� • ` " whelher or not then due, with any excess paid to Borrower. In the event of a pania! taldng of the Property in which the fair � ti�
<br /> �j=` ' +��`� ' market value of ihe Properry immediately before che taking is equa!to or greacer than the umount of the sums stxvred by this , •< <�
<br /> �;� , ` Security Instn�ment imm e d i a te ly b e f o re t h e t a k i n g.u n l e s s Borawer and Lender othawise agree in writing.the sums secured by _ :. �� '•
<br /> '•..,. ,.. � � •,-;�, ,.�,-- �.
<br /> � ' this Securiry Inscrument shall be reduced by the amount of the prooceds mWtiplied by the foltowing fraction: (a)t he to t a! ` -:.
<br /> _ '��c•.,;�.
<br />" • aznour�t of the sums secured �mmediate�Y before the taking.divided by(b)the fair market value of the Property immediaiely `_Y
<br /> � : • before the takin8• AnY balance shall be paid to Borrower. In the eveat �f a parti�l taking of the Property in which the fair __�.
<br /> �` . market value of the Property immediately before the takin8 is tess than ths amount of the sums secured imme�iately before the .v...
<br /> ` '•��.,�. t a t s i ng. un less B o r r o w e r an d L e n d e r o t h e r w i s e a g r e e in wriri n g or unless applicable[aw otherwise pmvides,the proceeds shall t � �
<br />-�% � . ' , be applied to the s�secvred bY ch�s Seruriry Instrument w6ether or not the sums are shen due. : �• -_.,_
<br /> `� _� If the Pcoper[y is abandoned by Borrower,or if,afier notice by Lender to Sorrower that the condemnor offers to cnake an :�,.. .�;:_
<br /> ��,i�-� �•- �� ��� ' ��` award or settte a claim for damages, Bomawer fails to respond to Leader within 30 days after the date the notice is given, ;,' � �.�-
<br /> �� ' • � Lender i,authorized to collect and apply the proceeds,at its opuon,e'sther to restoration or repair of the Property or to the sums_ " i�'" �:�,_
<br /> � ' � secured by this Securiry Instrument.whethet or not then due. ''� ��.
<br /> > ��i; licadon of roceeds to principal shaU not extend or ; �a,,,.�_
<br /> r � ` Unless Lender and Borrawer otherwise agree in wriGng, �Y h 1 and 2 or change the amount of such payments. • �" ' :s �:
<br /> • • postpone the due date of the monthiy payments referred to in paragrap
<br /> i l.Borrower Not Released;Forbearance BY Lender Not a Waiver.Extenslon of the time for payment or modification � ;�`.
<br /> !.� . • Y .�..
<br /> of amorti7a6on of the sumg secur e d by t his S e c u r it y Instrument g r a nted by Lender ro any successor in interest of Borrower shall , * �
<br /> • • � not operate to release the liability of the original Borrower or Borrower s successors in interest. 1.ender shall not be requir e d to � � __.
<br /> � '� commence proceedings against any successor in interest or refusa to extend time for payment or otherwise modify amortizauon . , s_._ -;
<br /> '•''� ' of the samc secured by this Security Instcumec�t by reason of an}+demand made by the original Borrower or Bonower's K _
<br /> successors in in[erest. Any forbearar�ce by Lender in exercising any right or remedy shall�not be a waiver of or preclude the *:�L
<br /> �� � exercise of any right or remedy. � ___
<br /> 1Z. Successora and As�j�Bound;Joint and Severa! Liabi�ty: Co-signess• The �°ve'�u'ts a�d agreements of this _-
<br /> , �u
<br /> ''.. __ ,_.. � Security Instrument shall bind and benefit the successars and assigns of Lender and Borcower. subject to the provisions of :. - _
<br /> '' , paragraph !7, Borrower's covenants and agre�rnents shal!be joint and several. Any Boaower who co-signs this Security
<br /> ' � Instrum_nt but does not execute the Note:(a)is co-signing this Security lnstrument only to mortgage, grant and convey that
<br /> �� Borrower's interest in the PropertY under the terms of this Security Instrument:(6) is not persons►lly ub1igated to pay the sums : �,�.
<br /> � � . ' secured by this Security Instrument:and(c)agrees that Lender and any other Banower may agree to extend,modify.forbear or y�.�
<br /> •• ' • � make any accommodations with regard to the tem�s of this Seeurity Instrument or the Note wjthout that Borrower's consent. �_
<br /> ' 13.Loan Charges.lf the laan secured by this Securiry Instsument is subject to a law which seu maaimum loan charges. -
<br /> ' � � ' and that law is finally interpreted so ttiat the interest ur other loan charges ec�llected or to be collected in connect�on with the . -
<br /> ' � loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to recluce the char�e _
<br /> • � � . to the permitted limit;and{b)any sums already coilected from Borrower which exceeded permitted limiu wifl be refunded to
<br /> r � . � �� Horrower. Lender may chaose to make this refund by reducing the principal owed under the Note or by making a direct -.
<br /> '��,� . ' � payment to Borrawer. If a refund reduces principal. the reduction will be treate+l as a partial prepayment without any ,
<br /> . • prepayment charge under the Note. •
<br />-' ' � � • �. ' 34.Notices.Any natice to Borrower provided for in this Security Instrament shall be given by delivering it or by mailing
<br /> � � it by first class mail unless applicable law requires use of another methad.The notice shall be directed to the Property Address
<br /> , . • . '� or any other addrest Barrawcr dcsignates by natice to Lende�. Any notice to L.ender shall be given by first class mail to
<br /> • Lendcr's addresti stated hcrcin ot any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> . ' . Security lnsirument shall be deemed ta have been givcn to Borrower or Lender�vhen given as providcd in►his paragraph.
<br /> . 15.C,�►verning Law: Severability. This Security lnstrument shall be govemed by federal law and the la�v of the
<br /> • ' � •;, jurisdiction in which the Property is loeated. M the event that any provision or clause of this Security Instrument or the Note
<br /> ' ` : , f conflicts�vith applicabie la�v,such�r�vision lTo thisf nd the pcov't.vions of thhs 5ecur iy Instrumenttand�t eNNot a�re deelared , ; :
<br /> . � given eff�t without the rnnfliccmg p
<br /> � to be severable. •
<br /> ' s 16.Borrower's Copy.Borrower shall be�i�en onc amformed copy of the Notc and of this Security Instrument. :
<br /> . Form 3028 9190
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