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<br /> - - � ', �i payments may no longer be�equired,at the opdoa of Ixnder,if mortgage insuran MtIie amount and for the period �' ,` � �_ �
<br /> � � y that Lender uires)proeided by an insurer aPPt°ved by Lender again becames availa6le and is obtaine�.Boirower stu�l!pay ` ,� • .<<°•�` `.�. `
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<br /> .� the preminms required w mainta�n martgage iasurance in effect.or to pmvide a loss reserve.unal the requirement for mortgage ,
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<br /> . ` ::,�c= insurance ends ia acoordance wuh any wa�uen a�reemeiu 6etweea Borrower and Lender or applicable l�w. . °,•< • ' . .
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<br /> �. ;•__ _ _ 9.I n S pestIon.I.ender or its agent may make reasonable entries upon and inspecaons of t6e Pcoperty. l.ender shall give _=�'�::'•_,`�:.� .
<br /> . ,-t Bonrower notice at the time of or prior to an inspection specifying reasonabte cause for the inspedion. .. �.
<br /> `•---•-� 10. Cond�nation.The proce�ds of any award ar claim for damages. direct or cansequentiat. in o[�nnection with aay ..�. , �.
<br /> � -L condemnation or ather ra�of any part of the Property.or for conveyar.ce in lieu of condemnation,are hereby assigned and , °.:� �
<br /> .. �� s6all be paid to I.ender. - • `�
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the swns secured by this Sawrity Instrument.
<br /> � �" �� � `� � whether or uot thea�due, w�th ar►Y excess paid to Borrower.In the event of a partial taking of the Propecty in wErich th�fair
<br /> marlcet value of tbe Property immediately hefo�the takinlg is equal to or greater tiian the amount of the sums secured bY this ."r� :�•_e
<br /> � • •- --='� --._-=:-;,.-
<br /> ";. :�t. _ . .. g e c u r i ty I n s m m n ent immediate ty before the taldng.untess Borrower and Lender othemise agree in writing.the sums secured by . `':, ..:• '
<br /> `• this Secarity Insuament shall be reduced by the amoutrt of the proceeds multiplied by the following fiaction: (a) t he to t a l . �••�.�•f:_;:�Yf.�-
<br /> � y ge immediately • ,'��==_--r
<br /> �� � ,� � ,� amount of the sums seeured immediately before the tatcing,divided b (b) the fair mazicet value of tl�e Pro rty � --- - -
<br /> :. � .. �`.�-,
<br /> . before the taking. Any balance sha11 be paid tn Borrower. U the event of a partial taking of the Property in R1�icb the fair A ; .,j�
<br /> � . -- market value of the Propercy immediately before the taking is tess than the aznaant of the sums secured immediately befoie t6e _Fm
<br /> taking,uniess Borrower and L.ender atherarise agree in writing or unless applicable law otherwise prorides,the p:oceeds st►all _
<br /> • • i . be applied to the sums secured by this Security Instrwnent whether or not the sums are then due. :
<br /> •='--
<br /> - .'• ,� If the Properry is abandoned by Borrower.or if.after notice by Leader to Borrower that thz condemnor offers to make an .,�,—_
<br /> �� award er settle a claim for damages. Borrower faiLs to respond to Leader within 30 days after the date the nosice is giveu. _
<br /> :_ . �,� LendeT is authoriz��o�p���p1y the proceeds�at its option,either to restoration or repair of the Property or to the sums Y • �;;��,_
<br /> -- -=� serured by this Security Instrument.whether or nat t�en due. ; '��`
<br /> licatian of roceeds w princiPal shall not extend or ' ` ��i
<br /> • Unless l.ender and Borrower otherwise agree in writing, arry aPP� P , . z _--
<br /> � � postpone the dae date of the monthly paymeats referred to in P�&�Phs 1 and 2 or change the asnount of such payments. , ,�.--�
<br /> � �`. ``;�� ' r..: .",�=:.
<br /> , ;, 11. Bosrowes Not R e l e a s e d;For bearance B y L e n d e r N o t a Waiver.Extension of the time for payment or modification ,, �;. ,.:,,;�- •
<br /> ��• •� - of amortizarion of the sums secured by this Security Insdument granted by Lender to any successor in interest of Borrower shall •a;�L
<br /> , �� �� not operate to reiease the liabiliry of the original Borrower or Borrower's successots in interest.Lender shall not be requtred to �,..`',;'���.
<br /> � , . � wmmence proceedings against any successor in interest or refiue w extend cime for payment or otherwise rnodify amort'uation . � � �. �
<br /> � of the suias secured by this Security Instrument by reason of any demaud made 6y th� original Borrower or Borrower's :�.f,•�•�:,�
<br /> ' � successors in interest. My forbeasance by Lender in exercising any right or remedy shall not be a waiver of or prectude the ; ��;_�
<br /> , � � � exercise of any right or remedy. � • f._�"'�'�""
<br /> IZ. 5nccessors and Assigns Bound;Joint and Several Lia6tlity; Co-slgners. The covenanu a:cl agreemeuts of ttus - �: r,,..y+�-:`
<br /> ~ ",..St�S._:-
<br /> • Securiry Insuvment shall bind and bene�t the successors and assigns of Lender and Borrower, subject to the provisions of �.,.�� � •
<br /> .- � . paragraph 17. Borrower's covenancs and agreements shall be;aint aad several. Any Borrower who casigns this Security •.•�
<br /> • � Instrument but does not execute the Hote: (a)is ca-signing this Security Instrument only co mortgage.grant and canvey that "?:{;.�;'� _,.,..
<br /> . � � Borrower's interest in rhs Property under the terms of this Security Instrument;(b)is not personally obfigated to pay the sums • r ���_
<br /> � � secured by this Securiry Instrumenr,and(c)agr�es that Lender and any other Boaower may agree to extend, modify,forbear or " ..,� •�;_T .
<br /> i�':.` make any accommodations with regard to the terms of this Security Instrument or the Nate without that Borrower's consent. . _.;,,,:°_:.,�.
<br /> , - 13.Loan Charges.If the toan secpred by this Security Instrument is subject to a law which seu maximum toan charges. , ��_
<br /> ' • . � and that law is fmally interpreted so that the interest or other loan charges collected or to be collected in connection with the -. r=.,.
<br /> ' ��� loan exceed the permitted limits. then:(a)any such loan charge shall be reduced by the amount necessary to reduee the eharge . �;�.�_
<br /> � to the permitted limit:and(b>anY sums already caltected fram Bonower which exceeded perm'stted limiu will be refunded to �::-;�
<br /> � � -� ; Borrower. l.ender may choose to make this refund by reducing the pnncipal owed under the Note or by making a direct :�.�v;� ; ,,`_.._
<br /> � • ,. � payment to Borrower. If a refund reduces principai, the redudion will be ueated as a partial prepayment without any ' w_-=',._'
<br /> .. � •�� • prepayment charge under the Note. � . '
<br /> • � ' 14.Not�ces.Any notice to Barrower provided for in this Security Instrument shall be given by delivering it or by mailing ..
<br /> • � • it by first class mail unless applicable la�v requirea use of another method. The notice shall be directed to the Property Address . .
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by flrst class mzil to
<br /> Lender's address stated herein or any other address Lender des+gnates by noticc to Barrower. Any notice provided for in this
<br /> •� � - ' � . Security Instrument shall be deemed to have bcen given.to Borrower ar Lender when given as provided in this paragraph.
<br /> ' 15.Governing Law; Severability. This Security Instrument shall be govemed.by federal law aud the law of the ..
<br /> �• • jurisdiction in which the Property is lncated. In the event that any provision or clause of this Security Instrument or the Note .
<br /> • ; .
<br /> � contlicts with applicable law,such conflict shall not affect other provisions of fhis Security(nsirument or the Note which can be
<br /> • given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared .
<br /> � � to bc severable. � �
<br /> � 16.Borrotver's Copy.Borrower shall be given one conformcd wpy of the Note and of this Secnriry Instrument. •
<br /> . . � Form 3028 9190 : .. .
<br /> Papo 4 018
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