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<br /> RE RECORBE��� �0�1� �D6— �,OS`�� �' ' _fi
<br /> � payments may no longer be required,at the option of Leuder.if�nortgage ins�rance coverage(in the aznaunt and for the period �: . ( ..
<br /> � ►hat Lender requires)provided by an insurer approved by I.ender agaia becames availabte and is obtained.Bonower shall pay We � .
<br /> premiums required to maintgin mortgage insur�ce in effect, or tn provide a loss reser�e,until the requiremeat for mortgage - - _ . --
<br />� insurance ends in accordance with any wriaen agreement between Borrower and I.ender or appGcable law. �• . .
<br /> 9.Iaspection. Lender or its agent may make reasonable eniries upon and inspactions of the Properry.L.�nder shall give ;
<br /> Bonower noace at the time of or prior to an inspection specifying re�onable cause fur the inspetaon. r . .
<br /> 4
<br /> 10.Condemnntion. The pn,ceeds of any award or claim for damages. direct or consequeatizal.in conaecdon with any , �: .
<br /> condemnarion or other taldng of any part of[he Propezty,or for conveyance in]ieu of condemnasion,are heceby assigne�ansl � ,` �
<br /> sYiall be paid ro Lender. .
<br /> In the event of a total raking of the Properry,the proceecis shall be applied w the smns secUred by d:is Seaaii}+Instrumen� 4 -
<br /> ' wherher or not ther�due,witb any excess Paid m Borrowec.In the eveat of a partial taking of the Propeny in w}ach the fair market � , ,
<br />. value of the Property immediately before the talang is equat w or greater thaa the amouni of the sums secured by this Seauity i . `' .. � -.
<br /> - Is�rrumznt immediatcly before tfie taking, unless Borroaer and Lender othervuise agree in w:iung,the sums secu�ed by this . ;�:
<br /> :d __ _
<br /> , gecurity Insmiment shall be rednced by the amaunt of ttie ptoceeds muitiplied by the follnwing�tion (a)the rotal amount of ___ ;�
<br /> the sums secured 'unmediately before the taldng,divided by @) the fair marY.et value of the Propury immediaiely before the . . .�,-�°�_,
<br /> � taldng.Any balance shall be paid to Borrower.In the event of a parti�al taldng of the Properey in which the fair market valae of the : . :.,_ '�`''
<br /> praperty immediately before the taking is less than the amount of the swns secured immediatelY befoie 1he taking, uniess . ;� „ •�. _
<br /> Barrow-er aud Lender otherwise agree in wriang or unless applicable law othera+ise provides.the proceeds shall be applied to the . • - - _ ,°-
<br /> . snms secured by this Security Ins�meut whether or not the sums are thea due. � .: :� •r�_^
<br /> . If the picopeny is abandoned by Bormwer,or if,after noace by Lender to Borrower that the candemnor oKers to malce an
<br /> award or senle a claim for damages,Boaower fails tn respond co Lender within 30 days after the datc the norice is gveu.Lender {� .. . -.�';'-�
<br /> is awhorized to collert and apply the proceeds.at its opaon.euher ro restocati�on or repair of�he Property or w the sums secvred : . ��.r '� , _
<br /> ' by this Security Instnunent,whethet or not theai due. - 'i� 1�;
<br />. Unless I.ender and Borrower otherwise agcee in writu►g,anY aPPlication of ptnceeds[o princi�al shall not extend or postpone ' ' � �
<br /> the due date of the monthly payments refecred to in paraSrapl�s 1 an d 2 or c h a nge�he amoun t o f s u c h p a y m e n i s. . _
<br /> 11.Borrower Not Reteased;Forbearance By Lender Not a Waiver. Factension of the time for payment or modifica�on •
<br /> . of ar�:�tization of the sums sec�red by ihis Security lnstrument granced by Lender to any successor ia interest of Bonowea shall - -
<br /> not a�uate to release the liabiliry of the original Borrowu or Borrower's successors in i��erest L.ender shall not be r�uired w �. . - —'�r-'-
<br /> u
<br /> :.ammence pmceedinSs ao in�t any successor in interest or refus.:to extend ame for paymen,ar ath�wise modify amor�adnn of ., . ^.���i ,'-
<br /> the sums secured by this Security Inscrument hy reason of any demand made by We original Borrower or Borrower's successo�s •' .��..:,�: ' '
<br /> in intemst.Any forb�rance by Lender in exercising any rigd�t or remedy shall not be a waiver of or preclude the exercise of any =.;,:: - �''
<br /> lr.;
<br /> . right er remedy. �
<br /> 12.Successors and Assigns Bound;Jflsnt and Several Liability; Co-signera. 'It�e coti•enants and agreements of this �. ��' �• �,,
<br /> • � gECUrity Instrument shall bind and benefit the successors and assigns of Leader and Bonawer, subject to the provisions of � '"'f''�'"' ��_
<br /> pacagraph 17. Borrower's wvenants and ag�r�:ents shall be joint and severaL My Borrower who co-signs this Security ,�'.
<br /> .T...... .��-
<br /> Instrwnent but does not execute the Note: (a)is co-sigaing this Securiry lnsuumene on1Y to mortBaBe.8rant and convey tdat h.,,�.Y _�;;: ::
<br /> � ` Borrower's intrrest in the Prop�ty under the teims of this Securiry InsmunenC(b)is not personally obligated tn pay the sums ..ti-�����
<br /> secured by this Securiry Insuumen�and(c)agrees that Lenda and any other Bomower may agee oo extend.modify.forbear ar .,---
<br /> make any accommodations with regard to the tenns of this Seuuity Instrwna►t or the Note without that Borrower's consent �'�-,-�'°':"
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<br /> 13.Loan Charges. If the loan secured by this Security Instiument is subject ro a law which sets maximum loan charges, . .
<br /> and that law is finally i�terpreted so that the interest or other loan charges colle�xed or tn be collected in connection a+ith the loan � '''�L����.. :
<br /> ��-�
<br /> exceed the permiaed limiu,then:(a)any such loan charge shall be reduced by the amouint necessacy ro mduce the charge w the .7. ,��t;:
<br /> • permitted limi�and(b)any sums already collected from Borrower which eacceeded peamitted f.:mits will be nfunded tn Borrower. � � ..
<br /> L.ertder may choose tn meke this refund by reducing the pcincipal owed unda the Now or by making a direct payment to _.�,�.�.:�: • : :
<br /> Boaower. If a refund reduces principal.the reduction will be treated as a pardal prepayment without anY pzepaywent charge '�-.�•.ti : .�..• `
<br /> . =�-��--:•�_•
<br /> • under the Note. •• �
<br /> 14.1Votices. My no6ce to Bo:rower provided for in this Securiry Instmma►t shall be given by deliv�ing it ar by mailing ii � „�,: � :�=.':�`...
<br /> � b y f u s t c l a s s m a i l u n l e s s a p pli c a bl e iaw r e quires use of anothet method.'lhe norice shall be direaed tn the PmPeatY Address or _ - . -
<br /> � any other address BoTrower designates by nouce to Lender.My nodce to Lender shall be given by f rst class mail to Lender's .:�. i.., . .
<br />, address stated herein or any other address Lender desigaaies by notice w Bonower.My norice pmvided for in this Sxuriry � ���-�^�:�"�"�-•-.
<br /> Listrument shall be deemed to have beea given to Borrower or Lender wQ�en given as provided in this Para�aPh , , d
<br /> 15.Governing Law;Severability. This Security Insuument shall be govemed by federal taw and the law of the � • -
<br /> jurisdiction in which the Propeny is locared. In the event that any provision or clause of this Securiry Instnunenc or the Note
<br /> conflicts with applicable 1aw,such conflict shall not affect other provisions of this Security Instrument or the Note which can be . ,
<br /> given effect without the conflicting provision.To this end the provisions of this Se�urity Instrument and the Note are declared w
<br /> : be severable. , . .•
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<br /> � Form 3028 �J190 ' . .:. �'
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<br /> � �•8V(I�1E)f92�21.oi v�p�sote �nauis: _
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<br /> 793-4
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