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<br /> ` payments may no longer be requinxi,nt ihe optiun of Lender, if mortgage insurance coverage 1 in the amount and for the period , �
<br /> that l.ender requir�l provided by an insurer approved bY Le►ider again becomes available and is obtained. Eorrower shall pay `
<br /> the premiums required to maintain mongage insurance in effect.or to provide a los�reserve.unt►1 the requirement for mortgage ( � _
<br /> i[uurancc ends in:3ccordance with any written agreement 6etween Borrower and Lender ar applicdble law. r
<br />' 9. Inspxction. Lender or iu agent may make r�asonable en.ries upon and inspPction�o[thc Froperty. L.cnder shsll give �' ..-: _
<br />- Borrower notice at the time uf or pnar to an inspertion specifying reasonable cause for the inspection.
<br /> 10. Condemnation. The pro:eeds of anY a'%�ard or claim for damages. direct or consequential. in connection with any _ _ .
<br /> . condemnation or other taking of any part of the Property.or tbr conveyance in lieu of condemnation, are hereby as,igned and . _
<br /> shall be paid to Lender. " . _ ..
<br /> -� m the eve►ii ui a total talcing of the ProPerty,the prnceeds shall be apD���t���su�tiecured by this Security Instrument. -- - .• ` ;
<br /> whether or not then due,with any excess paid to Borrower. [n the event of a partial takin8 of the Property in which 1he fair _ :,.��.._'=. ` �.
<br /> market value of ti�e Property immediate ly before the takin g is equal to or greater than the amount of the sums secured bY ttus - •.�-
<br /> Security Instrument immediately before the taking.unless Borrower and I.ender otherwise agree in writing,the sums ssxured bY `;,�;;�;6-
<br /> � g ":Y:�'f�=
<br /> this Security lnstrument shall be reduced by che amount o. the procceds multiplied by the followin ftaccion: (a) the total ;T; .s>;�.
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately , ���,
<br />' before the taking. Any balance shall be paid to Borrower. In the event of a part�al taking of the Property in which the fair _
<br /> . market vaIue oi tne Pcupc�iy irr�-��::i�.c�,b=F�re'-he taking is less than the amount of the sums secured immediately before the _
<br /> Y� taking, unless Borcower and Lender otherwise agree in writing or unless applicable law otherwise provides,the proceeds shaii ' � ;}- ` " -
<br /> be a plied to the surru secured by this Security Instrument whether or not the sums are then due. �•-
<br /> P - �...
<br /> If the Property is abandon e d by Borrower,o r i f,a f i e r n o t i c e b y L e n d e r t o B o r r o w er that the condemnor offer�to make an
<br /> award or seitle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. _ ._����;�
<br /> -�'��--s_:e—�e..
<br /> Lender is authorized to:.ollect and apply the procceds,at its option.either to restontion or repair of the Property or to the sums _ ,...._,__ —
<br /> . secured by this Security Instrument,whether or not then due. . . . .�� `�
<br /> 1►cation of roceeds to principal shall not extend or r.,
<br /> Unless Lender and Borrower otherwise agree in writing, any app� P � - • �--:
<br /> • postpone tlse due date of the monthly paymen�s referred to in paragrnphs I and 2 or change the amount of such payments. � :k. ��m
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Waiver.Eztension of the time for payment or modification s ;:
<br /> � of amortization of the sums secured by this Security[nstrument�ranted by Lender to any successor in interest of Bortower shall �_
<br /> : not operate to release the liability of the original Borrower or 8orrower's successors in interest. Leeder shall not be required to ,
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizat�on ��,`i= • ;?� '-
<br /> ' Securit Instrument by reason of any demand made by the original Borrower or Borrower's :;�:_
<br /> o f t h e s u m s s e c u r e d b y t h�s y
<br /> �..,::,.,-w�,
<br /> successars in interest. Any forbearance by Lender in exercising any right or rem e dy s h a 1 1 n o t b e a w a i v e r o f o r p r e c l u d e t h e �:�'>'�
<br /> � ' of an ri ht o r r e medy. a reements of t h i s '�,,��'
<br /> exerc�se y 8 ers, The covenanu and �
<br /> 12. Successois and Assigas Bound; Joint and Several Liability; Co-sign
<br /> � - Security Intitrument shall bind and benefit the successors and assigns of l.ender and Borrower, subjecc to the provisions of '`�d�; -
<br /> paragraph l7. Borrower's covenanu and agreements shall be joint and several. Any Borrower who co-signs this Security •:��t_;��' .
<br /> lnstrnment but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, gtant and convey that �S,.r•,�:
<br /> .����.
<br /> Borrower's intcrest in the Property under the[erms of this Security Instrument: (b)is not personally obligatecl to pay the sums , �
<br /> • secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend, modify,forbear or .::�—
<br /> a.,,_._�_:
<br />, • .• make any accommadatians with regard to the terms of this Security Instrument or the Note without that Borrower's consent. s �:_
<br /> -�..
<br /> 13.Loan Charges.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 other loan char�es collected or to be collecced in connection with the !�±'.;:"��:-.�_�
<br /> loan exceed the perntitted limits,then: (a)any such loan charge shall be reduced by the amount t����7's will�be refunded�o ���� '�`� i' •-•� __.
<br /> ' to the permitted limit;and(b)any sums already collected from Borrower which exceeded perm' �,og.��_
<br /> Bonower. Lender may choase to make this refund by reducing the principal owed under the Note or by makin� a direct - .--�ti�,,._ __
<br /> '. ` ` payment to Borrower. If a refund reduces principal. the reduction wili be treated as a partial prepayment without any
<br /> _.�����'G4:i.- �:.
<br /> prepayment charge an der t he Note. " '� , -
<br /> � 14.Notices.Any notice to Borrower provided for in this Security Inscrument shall be given by delivering it or by mailing ���4"�
<br /> it by first elass mail unless applicable law requires use of another method. The notice shall be ditected to the Property Address , �
<br /> .���. _:: _.
<br /> ..n�.�:< +�j,,.
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lender shall be g�ven by first class mail to ; ��'_ .l,
<br /> � Lender's address stated here+n or any other address Lender designates by notice to Borrower. Any notice prpvid$ fpor in this ,
<br /> Security Instrument shall be dcemed to have been given ta Borrower or Lender when given as provided in this �ra ra h. � •.
<br />• � I5.Governing Law; Severability. This Secunty Instrument shall be governed by federal law and the law of the � '-�_�_.;,,�.��.
<br /> � jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note ���,:-• ,.�' �}•
<br /> • conflicts with applicable law,such conflict shall not affect ather provisions of this Security Instrument or the Nate which can be _s:;f�;�,'.:�;. ,
<br /> given effect without the canflicting provision.To this end the provisions of this Security Instrument and the Note are declared -`_,Y'__ .
<br /> to be severable. `°'�'"�''�� `� -
<br /> . 16.Borrower's Copy.Horcower shall be given one conformed copy of the Note and of this Security Instrument. , •�
<br /> Form 3028 9190 ;�,;;r,�T�,
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