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<br /> 97`-��0�"!92 �
<br /> - paymente m�y no longer be requfred,at the option of Lender,if mortgage invurance coverege(in the amount nnd far the period �
<br />_ that I�nder requires)provided by an insurer approvcd by l.ender ngain becomes avnilnble �nd ie obt�ined. Bo�xower ahall pay the
<br /> • premium� requiicd co mzintain mortgage lnsurance in effcct, or to provide u loss reservc,unril the rcquiremeni for r�ior�gagc
<br /> - ` insurance enda in accordance wlth any written ngre�ment between Borc�wer and L,ender or appltcable law.
<br /> ..-�•�--""� 9.Inspectton. Lendtr or ita Agent may make reusonable emrtea upon and inspcctions of the Property. Lcnder shall give
<br /> - • •� ' "�� Bonower nodce at the time of or prlor to an lnspection specifying reasonable cause for the inspection.
<br /> 10.Condemnatton. 'Rie proceeda of nny award or clafm for damages, dlrect or con�equential, in connection wi�h any
<br /> __ - . _-� con�tm!??don or otheT I��is►¢ of a[lY part of the Property, or for conveyance in lieu of condemnadon, are hereby assigned and �
<br /> , . shati be paid to Lender. �. _;,
<br /> „ In the event of a total [alcing of the Properry. the procecds shaU be applied to the sums secured by thie Securiry lnst�nunem, ,.,.-•,`
<br /> � whether or not t�en duc,with any excess paid to Bonower. In the event of a parti�l taldng of the Properry in which the fatr markct j;:,,;,�_
<br /> . valuc of the Propercy immediately before che taldng is equal to or great�r tban t�e amount of We sums sacured by this Securiry �-, -
<br /> ;' Insm�ment immediately before the taldng, unless Bonower and Lender otherwise agree in writing, the sums secured by ttils � -�
<br /> Securlty Instrument shal!be r«iu c e d by t he amount o f the praceeds mula plied b y the following fracdon: (a)the total amouat of
<br /> - the snms secured immediately before the taking, Aivided by(b)�he feir market value of the Property imtncdiatcly before the '� .
<br /> � taldng.Any balance sh�ll be paid to Bonower.In the event of a pard�al taking of Uie Properry in which the fair market value of the _y,_
<br /> : Property immulintely before the taking is less than thc amount of the sums secured immcdlately before the talcing. unless
<br /> . Borrower and I.en�er orherwise agree in writing or unleas appllcable law otherwise provides,the proceedv shall be applied ro the
<br /> � �+ sums sceurad by this Security Instrument whether or aot the s�im.c are Wen due. _
<br /> - ��'•�' if t6e Froperty is abandoned by Bosower, or If, after norice by Lender to Borrower that the condemnor offers to make an y
<br /> awlr•.�]ar scttlo a claim for damages,Borrower faila ta respond eo I.ender witbin 30 days after the date the aoda is giveu. Lender _:"�"'�
<br /> • is authorized to coUect aad apply the proceods, at its opdon,either to restoradon or repair of the Property or to the sums secured !�"__
<br /> ° �:-; by this Securlty Instrument,whether or aot theu due. ���=
<br />. �• Unless Lender and Borrower otherwise agree in wridng,uny eppHcation of proceeds co principal ehall not extenA or postpone
<br />`; �`�� .. the due dau of tha montlily payrnents refened to in paragrn�hs 1 aad 2 or change the amount of such paymencs.
<br /> __ ' ____ �t,R�rrower Not Iteleased;Forbearance Bv Lender Not s�Waiver. Extension of the tirne for paynnent or modification _
<br />- ' � � �F�' of amordzatton of the sums secured by this Securiry Insmunent granud by Lender to any auccessor in interest of Bonower shall
<br />=" not opetate to rel°ase the liability of the originaD Horrower or Borcower's auccessors ih interest.I.ender ahaU not be required to
<br />_ „ . . ' " cammence proceedings against any successor in interest or refuse to eatend dme for payment or odierwise modify amartjzzadon of
<br /> ,' the snms secured by tbis Securlty Inswment by reasan of any demand made by the original Bonower or Bonower's successors -
<br /> Su`�,1� in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any
<br />�.`, � 1 right or remedy. -
<br />��•:�''`-�' +' 12.Successo.rs And Aasigns Bound;doint and Several Llablllty; Co�ignere. 1Lc covenauts 1nd agreem�nts ot tlils -
<br /> j� ' Securlty Instrumemt shall bind and benefit the successors end aasigns of Lender and Bonower, subjcet to the provisioas of
<br />_ _: paragraph 17. Borrow�r's covenants and agreements shall be joint and several. My Borrower who co-sigas tlils Security
<br />-- Insm�ment but does not eaecute the Nou: (a) is co-sigiing thie Security Iastnunent oniy co mortgage, grant aad convey t2iat
<br />'p'y'�'.�, , +• '••�t Borrower's intorest in the Property under the terms of this Secnriry In9trument;(b)is not personally obligaud to pay the s��mo
<br /> �''>``"�°� secured by tl�is Sec�ulty Inscrument;end(c)no ees[hat I.ender and any other Bon�wcr iaay agree to extend.modify,forbear or _
<br />�-_�;__""'""t?' ' make amy accnmmaladans with regard to the terms of dils Saurity Instiument or the Note wYthout that Aonower's consent. --
<br />- '=�'�=-�"i5�.�� 13.i.oau Charges. If the loan sacured by tl�is Sceuriry Instruument is aubJect to a� laa wldch sets muimum loan charges, �
<br /> F���'�' � and that law is finally interpreted so that the interest or other loan ct�arges collccced ot tm 6e collecud in conncedon with tLe loaa
<br />-u;a_,.. ., � —
<br />�`` � ' '� exceu!the permitted limits,then: (a)any such loaa c}iatge ehaU be reduced by the aznowit necessary to reduce the charse to du
<br /> .:.�:�.
<br /> - :..... permitted 1'unit;nnd(b)any sums already collected from Bonower which exceeded permitted limia wlll bc r�flinded to Borrower. _
<br /> k� . -�'•-� I.ender may choose to make this refiind by reziucing the pcincipa! owed under the Nou or by maknng a direct payrnent to =
<br /> � �-�:��---� ��- Bonow�r. If a refund reduces rinci al, the reducdon will be ueated as a putial prepayment without any prepayment charge --.-
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<br /> �;�,:�.,.,,., �
<br /> - ;cvx+-� °• under the Note.
<br /> . °^ �' ' 14.Notices. Any notice to Bonower provided for In tltis Security Instrument si�ail be given by delivering it or Uy mailimg it ��-
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<br />_`.�:�i'�;,,,., by fust class rn�S wiless applicable 1aw recp�sres use of another method. `fhe notice st�all be directed to the Property Addnss or
<br /> _ � any other ad�iress Bonower dcsignatca by noti�e to Lender.Any nodce to Lender shall be given by first class mail to Lender's �=•
<br /> ;� ' address stated Aerein or any other address I.rnder designates by nadce to Bonower. Any nodce provided for in this Securiry
<br /> ' 9ns�ment ehaU be desmed to have been given to Borrow�r or Leader when given as provided in this paragraph. _
<br /> �� IS.Governing Luw;Severpbiltty. Thio Security Insuunxnt sNall be govemed by federal law and the law of t6e
<br /> � �!Z`'� jurisdicdon in wk�ich tlie Pibperry is located. In the event ihat any provision or clause of this Securiry lnstrument or the Note ���
<br /> ,,,.,, .
<br /> ,''�,:�:'�, conflfcts with appDicable law, such confl{ct shnll not aNect other provisions of this Securiry Instwnent or the Note which can be
<br /> given effcct withuut tho conflicring prov9sion.Tn this end the provisioas of this Security Instrument ancl the Note are declared to - •',
<br /> • ba severable.
<br /> — . Form 302A 9/90 ,
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