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<br /> _ .�.._�.___..�.._.�.-.._ "" "_"' ...._ .. . _...... .__- . _ ..., . .,. �:. t.:
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<br /> .,.� � � i. ' .� ': _ . - ..
<br /> � paymeuts may no longer be required. at the option of Lender.if mortgage insurance coverage(in the amount and for the period � _ -
<br /> thai Lend�r requires)provided by a�insurer approved by Lender again becomes available and is obtained. Borrawer shait pay _
<br /> � the premiums required ro tnaintain mortgage insurance in effect,or to provide a loss seserve,until We requirement for mortgage ' _
<br /> insurance ends in accordance with any written agreement between Borrawer and I.ender or applicable taw. . _
<br /> 9. Inspection. Lender or its agent may maFce reasonable entries upon and inspections of the Property. Lettder shall give w
<br /> Borrower noace at the time of or prior to an inspection specifying reasanable cause for the inspection. •
<br /> 10. Condemnatlon. '[he proceeds of aay a�vard or claim for damages,disect or consequenaal. in conn�eion with any l, �
<br /> � condemnarion or other taking of any part of the Property,or for wnveyance in Iieu of condemnation, are hereby assigned and _ �•. ;
<br /> I
<br /> shall be paid co I.ender. ' ` � . � ` �
<br />- In the event of a total takiag of the Properry,the proceeds sha11 be aPPlied to the sums secured by this Securiry Instniment, j :a•�--..
<br /> whether or noi then due, with any excess paid to Borrower. In the event of a partial taking of the Properry in which the fair ( „ , . .,, `
<br /> � market value of the Property immediately before the taking is equai to or greater chan the amount of the sums seceu�d bY th�s �-T -.-- - --.—
<br /> gecurity Insuument immediately before the taking,unless Horrower and Lender atherwise agree in wricing,tlie sums secured by �� . • -
<br /> this g¢curiry Ins�ument shall be reduced by the amount of the proceeds mulriglied by the following fraction: (a) the coial •__ � � .
<br /> ..�,.., .. ,_.
<br /> amount of the sums serured imnaediately before the taking, divided by(b) the fair market value of the Property immediazely '�`-�•'•"�
<br /> before the taking. Any balanr.e shall be paid to Borrov�er. In he event of a partial taking of the Properry in wluch che fair _ _ .:;:;�-_'
<br /> r�_�
<br /> market value of the Property immediately before the taking i�less than die amount of the sums secured imme�iately before the `�•. .Y . `=+���
<br /> • takin g,unless Borrower and Lender otherwise agree in writing ar uuless aPPlicable law otherwise provides, che pmceeds shall [ �=?�``"
<br /> 4'.��- ,,�y�•-=_:=;:
<br /> be applied to the sums secured by tlus Security Instmment whether or not the sums are then due. �r.� _
<br /> ,-. 1f the Property is abandoned by Borrower,or if,after nodce by Lender to Boaower that the condemnor offers to ma§�an �� :--- :
<br /> ',_`; ,�`�'_..
<br /> award or settle a claim for d a m a ges. Borrower f a i L s t o r e s p o n d t o L e n d e r a r i t h i n 3 0 d a y s a f t er the date t�e notice is D ven, -:��-
<br /> .- �.,
<br /> Lender is authorized to collect and apply the proceeds,az its option,either to r e s t o r a t io n o r rep a i r o f t h e P r o p e rt y o r t o t h e s u m s :`�� ,��_.
<br /> �.'•�� secured by this Sec�riry Insanment,whether or not then due. .�'.��,_-��Y
<br /> Unless L.ender and Borrower otherarise agcee in writing. anY aPP�icarion of proceeds to principal shall not extend or � _��
<br /> ` posepone the due date of the montWy paymenu referred co in paragraphc i and 2 or change the amounc of such payments. _ �•' f-� - -
<br /> ... t. .;
<br /> -z u���
<br /> 11. Borrower Not Reteased;Forbeacauce By Lender Not a Vyaiver_Exteasion of the tirae for payment or modification . �,_;z,_
<br /> - • of amortizadon of che sums secured by this Security Instrument granted by L.ender to any successor in interesc of Borrower sh a l l --- ��>;;� �;�, " :
<br /> ••".,' not operate to release the liability of the origuial Borrower or Sonower's successors in interest. Lender shall not be required to �'�'��'>._'
<br /> commence proceedings agaiast any svccessor in interest or refuse to extend time for paymem or oshenvise modify amortizarion .,-�"" �4���:;.••
<br /> of the sums secuted by �his Security Insmiment by r�ason of any demand made by the original Borrower or Boaower's •
<br /> th '
<br /> ., ��_
<br /> successors ia interest. Any forbearance by Lender in exercising any right or rem�dy sba11 not be A waiver of or pnclude the :
<br /> � exercise of aay right or remedy. ' � �
<br /> 1Z. Suocessoss and Asslgns �ound; Joint aad Seveenl Ltabiltty; Co-st�ners. The wvenants and agreements of this �,f
<br /> sub'ect to ttte rovisions of � �� �'�� �.'
<br /> S e c u r lty Ins trumen t s h a l l b i n d a n d b e a e fi t t h e s u c c e s s o r s a a d a s s i g n s o f I x n d e r a n d B o r r o w e r. 3 p .,t� ., :
<br /> paragrapb 17. Borrower's covenants and agreements sdall be joint and several. Any Borrower who co-signs this Security ., . x ° �` ..,
<br /> •-�• _._. :
<br /> Instntmen�but daes not executc the Note: (a) is co-signing this Securiry insuumeat only to mortgage, grant and couvey that _ t•)
<br /> � Bmrtotver's interest in the Property under the terms of this Securiry Instrumeat; (b)is not personally obligated to pay the sums �'� I
<br /> ' �
<br /> .: � ,`'�
<br /> seciued by this Securiry Instnunent:and(c)agrees that Lender and any other Boirower may agree to eatend, modify,forbear or � �,c __..
<br /> ' malce any aceommodarions with regazd to the terms of this Securiry Insm�ment or the Note without that Borcower's consent.
<br /> 13.Loan Charges.If the loan secured by ttus Secnrity Instivment is subject to a law which sets ma�cimum loan chuges. . ._; :._;
<br /> ' and that law is finally interpreted so that the interest or other loan charges collected or to be collec[ed in conuection witln the _�;
<br />' loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the aznount netessary to reduce the charge :�y--
<br /> to the permitted limir,and(b) any sums already coAected from Borrower w}uch exceeded permitted limits wiU be refuaded to -y':'••T-
<br /> • Borrower. Lender may choos�e to make this refund by reducing the principal owed under the Note or by making a direct �,�_ �"+'�'`=`
<br /> .,..�.-
<br /> payment to Borrower. If a refund reduces principal. the mduction will be treated as a partial prepayment without aay �_�.__.__ -
<br /> ����-
<br /> • prepayment charge under the Note. _ � . _�_;:
<br /> 14.Notfceq.Any nodce to Borrower provided for in this Securiry Insmimeat shall be given by delivering it or by mailing _�`_,
<br /> c
<br /> it by fiist class mail unless applicable law requires use of anather method. T6e notice shall be directed co the Froperty Address . �,.,�,;,.,:r,.z;,��•--
<br /> .. .«::..,,,,�, :_
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first class mail to �
<br /> Lender's address stated herein or any other address Lender designates by notice to�oaower. Any notice provided for in this _��:,,,�.
<br /> gequity Instrument shall be deemed to have been given to Bflaower or Lender when given as provided in this paragraph. � ���- ___ _.
<br /> 15.Goveraing Law; Severability. This Security Instrument shall be governed by federal law and the law of the �:.;;� .
<br /> . jurisdlction in which the Property is located. In the event that any provision or clause of this Securiry Instrument or the Note ��,-y�,,;�_
<br /> conflicts with applicable law. such wnflict shali not affect other provisions of this Securiry [nstrument or the Note�ahich can be �.�'"-��.
<br /> :�:�.'.:�, .,.;,,.••
<br /> � given effect without the conflicting provision.To this end the provisions of this Secvrity Instrument and[he Note are declared �,: ^y: � �: �
<br /> to be severdble.
<br /> . 16.Borrower's Copy.Bonower shall be given one confoimed wpy of the Note and of this Security lnstrument. , r � ;T: --
<br /> •�=,. .,.
<br /> Form 3028 9l90 � � .
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