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<br /> 'S e insurance coverage lin the amount and for the period � � �y � ��
<br /> paymenu may no longer be required,at the option of i..ender.if mortgag . :, y , �
<br /> that Lender requires►provided by an insurer approved by Lender again becomes available and is obtained,rBtorro for mort'8age . . ,-
<br /> , the premiunv required to maintain mort�atten a �ment betvreen Borrowerdand Lende�r orVapplicab e la�w. =i . -
<br /> • �< insurance ends in accucdante with any 8 Lender shall give .. ;?'
<br />. _ q,Iaspection. Lender or iu agent may make reasonable entries upon a�id iaspections of the Property.
<br /> �; Borro.ver notice at the time of or prior to an inspec[ion specify►ng reas°nable�a!ect oT cons��J ential. in connection �+�th anY • _
<br /> ' 10. Condemnatiun- The pr°ce�s of any award �r o'r�forf conve ance in lieu of condemnation, are hereby assiSned and --. �< - -,.-• -
<br /> � condemnation or other taking of any parc of the Property• • , •.
<br /> shall be paid to Lender. _
<br /> � � In the event of a total taking of the Property.ct►e proc�ds shall be applied to the sums seco ede Y�o'��!'n Which the fair '_ u , -,`,._ _. :
<br /> "t whether or not then due, with any excess paid to Borrower. In the event of a partial taking P Y .4'.F�'.,•:,:,t- .
<br /> market value of the Property immadiately before���Bo werland I.endertott►erwi e agreeo�[writ ng Sthe sums sec bured by ,;��':�' � � �
<br /> Security Insirument immediately before the takinS. � z
<br /> � (�..•?'"S;'-.+`
<br /> this Security Instnunent shall be reduced by the amount of the proceedb �etf i�ke�value of�the P�'p ny �a���� ����
<br /> m which the fair �`'�� �`•
<br /> � amount of the sums secured immediately before the taking, divided by ( 1 _���,
<br /> •� � before the taking. Any balance shall be paid to Borrower. in the event of a partial taking of the Property : .
<br /> ,'`• market value of the Property immecliately before the talcing is less than�e��le law otherw se prov de�s�t�he p°b�Sh�� ', �`���y: -i-
<br /> taking,unless Borrower and L.ender otherwise agree i�w�Ung or unless app • . ,'.�:_
<br /> be a�,Fiied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> �s ainandoned by 8oaower,or if,after n�tice bY nder within 3� daYs�after theddate the noa e is g�en .�' - ^
<br /> IY the Property• . ;:�-;� .�_
<br /> award or settle a claim for dam_ages• BorroWer fails to respond to Le
<br /> � Lender is authorized to collec�and app�y the proceeds.at its option,either to restoration or repair of the Property or to the sutns :_._��_',-
<br /> �'•�
<br /> secured by this Security Instrument.Whether or not then due. - „;j--T•
<br /> ' Unless Lender and Sorrower otherwise agree in a+riting, any aPPlication of proceeds to principal shall not eatend or f�^+ . X
<br /> menu referred to in paragraPhs 1 and 2 or change the amount of such paymenu. ,: . ,;;,
<br />-� ppstpone the due date of the monthly pay _- _ _�.,_;_.,
<br /> 11.Borrower Not Reteased;Forbe�ance�Y �nd�''�Ot a W�ver.Extension of the time for payment or madification ���=;=:-� �+ '•
<br /> of amortization of the sums secured by this Securiry Instnunent granted by Lender to any saccessor in interest of Borrower shall �=�„`;,� .'.:
<br /> . �.,r,
<br /> not a erate to release the liability af the original Borcower or Borrower'n�`��for 1 aymentsor otherwi e�mo fy a[nort�zarion . .-�� ,� -
<br /> P
<br /> jL} '.
<br />' commence proceedings against any successor in interest or refuse to exte P .;:�,_
<br /> of the sums secured by this Security instrument by reason of any demand made by the original Borrower or Borrower's ' .
<br /> successors in interest. Any forbearance bY Lender in exercising any right or remedy shall not be a waiver of or preclude the � ,`
<br /> 'g �'i�'
<br /> • exercise of any right or reme�y.
<br /> • - 12. Successotis and Assigns B°°nd; Jolnt and Several Liability; Co-signers. The covenanu and agreemenu o t
<br /> g
<br /> F` .
<br /> rit Instrument shall bind and benefit the successors and a�.signs of L.end�elr An BBorrowers h�o co-signs this1Security #;�• :
<br /> - � - Secu Y
<br /> , paragraph 17. Borrower's covenanu and agreements shalS be joint and se e Y �t and wnvey that ' � °��
<br /> .. Instrument but does nat execute the Note: (ate�ofghis Stecurity instrument 1 b)i not personally obl'Sated to PaY the sums ��
<br /> r the rbear or �,f�
<br /> , . Tsorrower's interest in the Property unde �„�..,...��,.,._ _
<br /> ' • secured by this Security Instrument:and(c)agrees that l.ender and any other Borrower may agree to extend.modify, o �
<br />� . m��any accommodations wi[h regard ta the terms of this Security Instrument or the Note without that Borrower's consent. ��- -
<br /> � 13. Loan Chacges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. �r`_____
<br /> and that law is finally interpreted so that the interest or oiher loan charges collected or to be collected int�onn�ect'�ta`he�i ge --=�-`,���
<br /> _ -��'..
<br /> such loan charge shall be reduced by the amount necessary ,��..--..
<br /> � � loan exceed the permitted limits.then: (a)any �, :_
<br /> . to the permitted limit:and(b)any sume ih�defund by�reduc g�he pri chpal oa+ed der hetNocemor by lmaking a d ecc _ �;;
<br /> Bortower. l.ender may choose to mak ��,�
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any �� �y y
<br /> � prepayment charge under tl�c ti�t:.• —
<br /> 14.Natices.Any notice to Sonower provided for in this Security Instrument shall be grven dy 6eiive�iug it o:bp�'.:sl'sr.a ��(
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address 4. ^
<br /> � or any other address Borrower designates by notice to Lende;•at s b tnotice o Borrower, Any�notice prov ded for in th s �'"`� `
<br /> Lender's address stated herein or any other address Lender d�g Y .. � � �:
<br /> , Security Instrument shall be deemed to have been gi Uc t��BO�mentrshaUd be govemed by pfedera�lawh�and the�aw of the ----""°''—�
<br /> : K: r.�::
<br /> 15.Governing 1,s►w+ Severability. This Sec y �
<br /> �a::,_r:. '.
<br /> ` • . jurisdiction in which the Property is located. �n th�i�f�i�her nrov��ons of his Seturity Intstrumen or t Note which can be =�:.
<br /> conflicts with applicable law.such contlict shall n P }�,��,������:
<br /> � . given effect without the wnflicting provision.To this end the provisions of this Security InstTUment and the Note are declare� s��•����`�S�:
<br /> to be severable. `"'"'°""•"'�"�`� � '�
<br /> • � 16.Borrower's Capy.Borrower shall be given one conformed copY pf the Note and of this Security Tnstrument. �R
<br /> . Form 3028 8190
<br /> ,� Pago 4 0�6 .
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