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<br /> _ . . `',� paytaents may,no Ionger be reqiured.at the aption of Leader,if mortgage msurancc coveaage(in the amount and for the p�iod � -.
<br /> t�ac Leadea req�aes)pmvided by an iasvr�appmv�by L�dex aga'sa becames ava�7able and is obtained Brnrow�shaIl pay the ` �
<br /> ,x �.� premiums required to mamtain mortgage insnrance in effect,m tn pmvide a toss ceserve,nntit the req��+*pn+�+t for mortgage � `<<�: :.
<br /> � .�� insurance eads m accordanse wub any wriuen agceemeat between Boirower and Lender or applicable law. � ._ -_ `•"•
<br />_ -- -� - q.Insp�an. Leader at iLS ag�i may m�ce re�ab�e�o�ies opoa aad�af the�iro�r�y.l�shall�ive � ,. ; - --� �
<br /> _ � � . Boicower no6ce at the tnne of or prior to au mspearon specitying reasoaab2e ca�se for the inspection. , -
<br />_ � 10.Coudemnation. 'I1ie pracecds of any award ar ciaim for damages,di�x or consequeatial.ia connesdon with aay ,
<br /> " cond�on or other taking of any part of the Prapetty,or for conveyance in lieu of condannadon,are hereby assigned and - .' '�'�'
<br /> shail be paid to l.endei - .. z',1���� -:
<br /> , Ia the�reat of a wtal tata�►g of the Pcoperty.the pra�eeds sE�all be apptied tn the sums secured by this Secauity Instrument, : . , ; . .
<br /> whether ar not the�due.with any eaccess p3id to Borrower.zn the eveat of a gartial t�Icing of the P�opeaty in whia�the fair markei �`� "�4. :
<br /> . _ valne of the Property immetliately before the taldng is equal to or gceater than We amount of the sums serured by this Secority :. ' . . `_
<br /> � � - InStrument irnmediately before the takmg,�mless Bonower and Leader othe�wise agree in wciring,the smns secared by this ;
<br /> � Seauiry Iastrumeat sLaJl 6e redaced by the amount of the praceeds mWnplied[ry the foIIowing fracxion:(s)the total amo�mt of ;•- .. ';___;
<br /> : the sums secared immediateIy before the taIdng,divided by (b)the fair market vatue of the Propeaty immediateiy before the � �.�,..�:.'. ,'..�--
<br /> ' . taking.Any halance shaII be paid to Borrower.In the eveat of a partiai taking of the Property in which the faQ mazket value of the .
<br /> , Fmperty immediately before the taking is less than the amouat af the sams secured immediatsty befare the fatdng. unless -
<br /> � � Borrow�and Leader oiherwise agcee in writing or unless applicab2e law othelwise ptuvides.the pmcceds sball be applied to the �"'�`�ti _,
<br /> .. � ` ,. . san�s secuied by this Security Ins�nmc�t whethea or not the surns are then due. =- .-. _.
<br /> - If the Property ss abandoned by Bormwer,or if,after notice by Le�der W Bomnwer tbat the condemnor offers tn make an : °F�j-�-
<br /> _. award or seWe a claim for damages,Borcowea fa�s to respond tn Leadea witivr►30 days after the date the uo2ice is ginreo,Leuder .
<br /> is autdocized ro collect and appiy the pmceeds,ai its op�on,either w reswQaBon ar repair of the Prageaty or to the sums seciued
<br /> . . ' . � by tLis Ses�irity Insmimenb whether or not the,n due. , .��_��
<br /> * . . � Unless Lender and Borrowes otherwise agree in wririn8,anY aPPticat�on of pracee�s to gancigal straU not extend or postpone ~-- ;�-�
<br /> tlite due date of the monthl}r payw�ts Yeferred to in pangraphs 1 and 2 or change the amouni of sucb payments. . . •�'.�'°
<br /> .�, :�:-�
<br /> � � � !l.Bormwer Not Re2eased;Forbearance By Lender Not a waiver. Exteasion of the time far payment or modification . __-
<br /> � � of emonization of We sums secared by dus Sec�aity Insbn�ment grdnted by Lcmdea to any successm in intc�est of Bormwer shaII ..�'>�:��
<br /> . , : nat operate to relea5e the liab�7ity of the originai Borrower or Borrower's saccessors in inteaest.I.c�dea shaU not 6e requised to . . ,'�=�'i;
<br /> . commence proceedings against any successor in interest or refnse w extend time for payment or otheavvise modify amordzation of � ;.;`T�.:;
<br /> � the sums sec�ued by this Security Insuument by reason of any demand made by the original Bomowea or Homuwer's svccessors � �;�'.=°�
<br /> � � � in mtr.rest My forbearance by I.end�in exentising any right or remedy shaU not 6e a waiv�r of or prectude the exercise of any ��'.��
<br /> �. . right or rentedy. � � . �;�--
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<br /> � —= 1Z.Sacce�ors and Asslgns Bound;Jomt aad Several Liabitity;Co-sigaesa't4ie cove�ts and agreerttents of this . � , �.;���-;
<br /> . g Security Insuument shaU bmd and beaefit the successors and assigas of Lendea and Borrawer,sabject w the p�visions of � � ' '�`���
<br /> . . paragraph 17. Bonower's covenanis and a�greements shall be joint and several. Any Bonow� who co-sigas this Seciuicy+ �.'�-�;,"
<br /> . Ins�ume�t but does not eaecute the Note: (a)is co-signuig this Securiry Insnvment only to mcmgage.grant and convey tAai . . :.;';f,.�r-
<br /> ' , Borrower's inteaest in the Propeny under ihe terms of this Security Insuumen�(b)is not personally obligated w pay tke sums . ''.,'•��::.
<br /> - seaued by this Seanrity Insuumen�and(c)agrees that Lea�der and any oiher Borrower may agree to eatend.madify,forbear or � • -
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<br /> make any accommodations with regard to the tearms of this Seauity Insmunent or the Note without that Borrower's consent
<br /> :f 13.Loan Chargea. If the toan seaaed by this Seauily Insaument is sabject to a]aw which sets maaimum loan charges, . . .. : ::'�'���'
<br /> � and that law is fivaIIy interpmted so that t�e interest or other 2oan charges collected or to be collected in connection with the loap � � '`�.`�
<br /> ,, .
<br /> � ' exceed the panniued liraits.then:(a)any such toan cbarge shall 6e rcduced by the amount necessary to reduce the charge w the �
<br /> �� . .i gemiiued limit;and @)any swns already coIIc�ted from Borrawer wtich eaceeded permiued limits will be refnnded to Borrower. ..
<br /> . � Lender may choose w maice this refund by reducing the principal owed under the Note or by maku�g a dIrect payment to � �
<br /> , , � Borrower. If a refund reduces grincipal.the reduction wiU be veated as a partial prepayment withovt any yrcpayment char�e '. .
<br /> � � under the Notc. ._' • �
<br /> '. � . 14.Notices. Any notice w Sorrower provided for in this Security Instrument shall be given by delivering it or by mailing it ' . . � ..��
<br /> , by frrst class mai!unless applicabte law requires use of another method.The notice shall be directed to the Proyeriy Addrass or . . � .
<br /> ' any other address Bonower designates by�odce to Lender.Any nodce w Lender shall be given by fust class mail w Lender's •
<br /> ' . ' address stated herein or any other addr�sv Lendet designates by notice to Borrower. My nodce pmvided for in this Sec�riry � `" �
<br /> j Inswmcn3 shall be deemed to have been given to Borrowec or Lender when given as provided in this paragraph. . �
<br /> . � ' 15.Governing Law;SeveraDllity. This 5ecurity Insnument shall be govemed by federal law and the law of the : . � _ � ,
<br /> _ t jiuisdiction in which the Property is located. In thc event that any provision or clause of this Secariry Instrument or the Nof�
<br /> � conflicis with applic261e law,such conflict shall not affect other provisions of this Scc�uity lnswment or the Note which can be , . �
<br /> given effect without the confl�cting provision.To this cnd the provisions of this Seciuiry Instrument and the Note are dtxlared w � ''
<br /> . ' be severable.
<br /> . . , . ..
<br /> • i Form 3028 9190 `
<br /> • � . �-eR(NE)t9z+2�.o+ Papo 4 ot 8 IIIII181gt
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