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<br /> paymcnts may na longcr bc rcquircd,at thc opuon of L.ender, if mongasc fnsurancc covcragc(in thc amount und for tha�period
<br /> Ihat Lcndcr requlres)pravldcd by an insurer approved by Lcnder again bccc�mag avail�ble and is obwincd,Borrovicr shall pay ths
<br /> prerniums required to maintain mortgage insurance in effect, or to provide u loss reserve, until thc requiremant for mcrtg��c „
<br /> � msurance cnds in nccordancc with any written agrecmeii�Uetween Boirowcr and Lcndcr or applicablc law.
<br /> 9.Inspertion. Lender or its agent may make rcasanable cntrics upon and inspecdons of the Property. L.endcr shall giva
<br /> ;.,..;, } Borrower nodce at the flme of or prior to an inspecdon specifying reasonable cause for[he inspection. _:
<br /> ' ,n, � 10.Candemnallon. The proceeds of any award or claim for damages, direct or consequential, in wnnecpon with any
<br /> coredemnation or othea teking of any part of the Property,or for conveyance in lieu of wndemnauon,nre hereby assignecl and
<br /> � shull b;,paid ta I.endcr. .-:
<br /> In the event of a total taking of d�e Properry,die proceeds shall be applied to the sums secured by this Secwity tnstrnment,
<br /> whether or not then due,with an ezcess aid to Borrower.In the event of a artial takin of the Pro rty in which the fair aiket �""
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<br /> � valuc of the Praperty immrdiately bcfore the taking is equal to or greater than thc amount of ihe sums secured by thia SG�urih,• -=
<br /> . Instrument immediatcly bcfore the taking, unlcss Borrower and Lcndcr othenvise agree in wridn�, the sums securGd by th9s _
<br /> Secunry Instrument shall be reduced by the amount of the proceeds multiplied by the following fracdon:(a)the total amoun:u'i �:.::f,..'a;
<br /> the sums securerl immediatcly before the taking, divided by (b) the fair market value of the Property immediatcly beforc the �" 'r��-
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<br /> taking.Any balance shall be paid to Borrower.In lhe event of a partial taking of the Property in which ihe fair market value of the , ��,�•.-.�-
<br /> Property immeclistely before lhe taking is less than the amount of the sums secured immediately beforc the Wc1nII, uqless ( ������"^
<br /> . � Borrower and Lender othcnvisc a ee in writin or unless a licable law otherwise rovidcs,the roceeds shall be a lied,to{the k. .:;-�=�`°
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<br /> i sa�s secured by this Security Insirument whether or no:the sums are then due. ��,,�; ;.:'�:u:',
<br /> � dlthe Propexly is abandoned by Borrower,or if,after notice by Lend�r to Boaower that ihe condemnor offers to ma�ce an "�:��::.
<br /> award or settle a claim t'or damages,Bormwcr fr.ils to respond to Lender within 30 days after the date the nodce is given,I.�nder ,```'=-��_
<br /> '�t is authorized ta collect and apply the procc�ds,at its option,either to reswration or repair of the Proparry or to the sums secured `==�'0"`�
<br /> �'" by this Securiry Inswment,whether or not then due. • -_=_
<br /> . Unless Lender and Borrower otlienvise agree in writing,any applicadon of proceeds to principal shall not extend or po��t�on� __
<br /> the due alate of the monthly payments refeaed to in paragraphs 1 and 2 or change the amaunt of such payments.
<br /> � 11.Borrower Not Released;Forbesrance By Lender Not a Waiver. Extension of the dme for payment or mndifi:a�an •�;',
<br /> of amortizadon of the sums sercured by this Security Instrument grnnted by Lender w any successor in interest of Borrower;ha(1 ��;�'
<br /> ,� not operate to release ihe Wtbility of the original Borrower or Boaower's success4rs u�interesG ienncr shail not be requiaeci to �;
<br /> i commence proceeclings agaInst any successor in interest or refuse to extend time for payment or otherwise modify amortizadon ot F-
<br /> � the sums secured by td►is Security Instrument by reason af any demand made by the odginal Borrower or Borrawer's successors 6}-
<br /> . in interest Any forbearsince by I.ender in exercising any right or remedy shall not be a waiver of or preclude the exer,cise of any ��
<br /> ' dght or remedy. : �'_
<br /> �,. 12.S�ccessors and Assigns Bound;,la3nt und Several Liability; Co-�tgners. 'the covenants and agreementa p�:•'�i�is K
<br /> � .� Se��uity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject w tho provisi0fi�;bf ��`
<br /> paragraph 1?. Borrower's wvenants and agreements shaU be joint and several. Any Borrowcr who co•signs this S�srity =
<br /> Instrument bat dces not execute the Note: (a) is co-signing this Securiry Instrument anly to mortgaga, grant and cflnvcsy 1h2_ �`
<br /> Bonower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to p�►y the sums -_
<br />.• � ��f� secured by this Sectuity Insm�ment;and(c)agrees that Lender and any other Borrower may agrce to extend,modify,forbear or -
<br />; , : ', make any accommodations with regard to lhe terms of this Security Instrument or the Note without that Bomower's consenG ���� �
<br /> IL Loae Chstrges. If the loan secured by this Security Instrument is subject to a law which seu m�vcimum loan charges. _
<br /> ��r� tu�el ihat law is finally inteipreted so that the intemst or athcr loan charges collected or to bo collactad in connection widi thd 16an -_-
<br /> exceed the permiued limits,tAen: (a)any such laan charge shall be reduced by the amount necessary to reduce tha chnrge td`the �'.-
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<br />_ , permitted lunik and(b)any sums already wllected from Borrower which�,�ceeded permiued limits wW be refunded tn Hoi�q�ver. �
<br /> � Lcnder muy choose to make this refund by reducing the principal owed under the Note or by malcing a direct�uym�n�,to ��=___
<br /> ' Borrower. If a refund reduces principal,the reduction will be treated as a pardal prepuyment without any prepayment�charge "_`
<br /> ' undcr th�Note. . . ,. � -
<br /> °' ° � 10.Notices. Any notice ta Borrower providcd for in this Security Instrument shall be given by delivering it or by mailing:t 1�;_�=
<br />''��-�••��`'�;`�•y : by first class mzil unless applicable!aw rec�uires use of anath�r method.The nouce shatl be directed to U�e Property Addzess or --
<br /> - .-�����;�.f;� any o�her addtess Bormwer designates by nopce to Lender.Any nodce to I.ender shall be given by ffirst class mail to Lender's
<br /> - � '"��� . a�clTCSS stated herein or any other address I.ender designates by noticc to Borrower. Any noricc provided t'or in dits Security �•.';:
<br /> � �;� Insxrument shall be deemed to have been given to Borrower or L.cnder when givcn as pmvided in this paragmph. -
<br /> '�' 15.Governing Law;SeverAblllty. This Security Inswment shall be govcmed by Fedcral law and tho law oi the _
<br /> ��.�` � urisdicdon in whjch the Pro is locatecl. In the event that an y - -
<br /> .� j perty y provision or clause of Ihis Securit Iustrument or the Not�
<br /> �:''u;��y conflicts with applicable law,such contlict shall not affect other provlsions of this Security Instrument or the Note which can be ,
<br /> � ';��t givsa►effect withoiit the conflicting provision.To this end the provisions of this Secuni�;r Instr�ment end thc Note are doclnrcd ta �. .� :.;x=
<br /> � , bc�cvcrable. ''�� :.. -
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<br /> :�i ' Form 3028�fi/¢0 r-
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