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<br /> paymc:»ts miiy nu Io�e1�cr bc rr.quircd,ut thc uption uf'Li:ndcr, if mnrt�;age insurancc co�•crag�(in thc amount and for thc period
<br /> thnt l.,cndcr re�Zitires)pr�wided by un i�isurcr upprovul by Lcndcr again becnmes availablc and is obtuined.Borrowcr shnll pay
<br /> thc premiuuis rcyuircd tu m��ininim m�rtgngc insurancc in cffcct, or to prnvidc a loss rescrvc,until thc requirement for mortgagc
<br /> � insur�nee ends ic�,acc��rciunce with any �vriuen agrcement between Burrower and Lender or ttpplieuble law.
<br /> � 9, ��tipr,�tar,u. I.c�tder or ils uF�nt m;�y m;�kc re:ison.ible emries upon and inspections of thc Pruperty. Lcnilcr shall givc
<br /> Bnrrower nr,�b�:e at dtc ti�re nf or prior to an inspection specif'ying rcasonablc causc for tfie insp�;ction.
<br /> " 10. Ca�rrcEecn��Qtion. The proceeds c�f any +nvurd or claim for e�amages, direct or conseyuential. in connection with any
<br /> ""� condenmut��m or other takinZ; iif�my purt of the Property, ur for canveyunce in lieu of condemnation, are hereby assigned und
<br /> M shull 6c p�ud to Ltnd�r.
<br /> In th�eveR.t of;�tatal tnking uf the Pruperty,the pmceeds shall be applicd to the sums secured by this Security Instrument,
<br /> whethcr cr n,�t t6�en duc, with any cxcess paid to Darro�vcr. In the event of a partial taking of the Propeny in which the fair
<br /> ' murket vab.�e uf thc Pmpeny immediatcly beforc the taking is cquul w or greatcr than the amount of the sums secured by this
<br /> Security frtsiruc�r.nt inmudintely before thc taking,unlcss Borrower und Lender otherwise agree in writing,the sums sc,�:ured by
<br /> this 5ec�iriry In.::trumcnt sht�ll be reduced by the vnount of the proceeds multiplied by the following fraction: (a) the total
<br /> amount nf Uic sunis sccured iimnediatcfy beforc the taking, divided by(b)the fair market value of the Propeny immediately
<br /> before tha taki�B. Any bnlunce shnll be paid to 0orrower. In thc evcnt of a partial t.�king of the Propeny in which the fair
<br /> mnrket v��li.cc o�'the Property immedintely befare thc tuking is less than the amount of the sums secured immediately befare the
<br /> taking,uniuss Burrowcr und i.ender uiherwise u�ree in writing or unless applirablc law c�thcrwise provides, the procceds st�aEl -
<br /> be applied W the sums secured by this Security Instrument whether or not 21ne sums are then due.
<br /> If d�e Propercy i�:�ban�lnned by Borrower, or if,after notice by Lender to Borrower that the condemnor offers to make un
<br /> awurd or settle a claim for dnmuges, Bonower fails to respond to l.ender w�thin 30 days after the data the notice is given.
<br /> � - Lender is authoriud to callect and apply the proceeds,at its option,either to restoration or repair of the Praperty or tr�the s�ms
<br /> secured by this Security Insttument,whed�er or not then due.
<br /> R Unless Lender and Borro�ver othenvise agree in writing, any �pplication uf proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in puragraphs l and 2 or change the amount of such payments.
<br /> 11.Bon•ower Not Relcused;Forbeurance By Leiia]er Not a Walver.Extensian of the time for payment or modification
<br /> ".� of umortization of the sums secumd by this Security Instniment granted by Le�ider to any successor in intemst of Borrower shall
<br /> not operate ro release the liubility of the ari�inal Borrower ur Burruwrr'; successors in interest. L.ender shall not be required to
<br /> _ �uii'di2c'iw� �'ii'J�.�.i.viii�5 BSuifil��ur;oi:Cw+.;.^,::Z iiS::iC:Z C:lCfL'°S..°.:^ ::X!^'�I:S:2�f0!�.`3jSl:£[:!4.*L��t2PI'Y'25p R2�1�3�!Inrtiiai;{�n
<br /> � • of the smns secured by this Security (nstrumant by reason of any demand made by the original �orrower or BonotivEr's
<br /> �' , successor,� in interest. Any forbearance by Lender in exercising any right or remecly shall not be a waiver of or preclude the
<br />�iy:�, ', exercise of any right or remedy. -
<br /> ��:''`� �� 12. Successors and Assigns Bound; Jo1nt and Severnl Llabil(ty; Co-signers. The covenants and agreements of t6iis
<br /> , S�;curity Instrument shull bind and benefit ehe successnrs and assigns of Lender and Borrower, subject to the provisions of
<br /> ''?,�;�t:_.,y' puragrapli 17. Borrower's covenants and agreements shall be joint nnd severnl. Any Borrower who co-signs this Securlty
<br /> ��r�;�;r.�"',. ; Instrument but dces not exeeute the Note: (a) is co-signing this Securiry Instrument only to mortgage, grant and convey that
<br /> =���'s`�"�� Borrower's interest in the Propeny under the terms of this Securiry Inscrument; (b) is not personally obligated to pa;the sums
<br /> -'="-'-'� secured by this Securiry Instn►ment;iu�d(c)agrees that l.ender and an��other Borrower may agree to extend,modity,forbeAr or
<br /> �`�'��_,�,_�' .,�� muke m�y accommodations with regarci to[he terms of this Securiry Instrument or the Note without that Borrower's consem.
<br /> „�� 13.Loan Charges.If the loan securai by this Security Instrument is subject to a law which sets maximum loan ch�rges,
<br /> -_.__— � and that law is finally interpreted so that the intercst or other loan charg.es collected or to be collected in connec:tion with the
<br /> �-=�;� loan exeeed die perniitted linuts, then: (a)any such loan charge shall be �reduced by the amount necessary ro reduce the charge
<br /> .� --- to the permittod limit;and(b)any sums already collected from Rorrawer�rhich excceded pemtitted limits will be refunde� to
<br /> -�__._�_ Borrower. Lender muy choose to make this rcfund by reducing the principal owed under the Note or by making a direct
<br /> - �� pflyment to Borrawer. If a refund reduces principal, die reduction will be treated as a partial prepayment without Any
<br /> --'-� pe�epayment charge under tho Note.
<br /> �9�:�� 14.Notices.Any notice ta Borcower provided for in this Saurity Instmment shull be given by delivering it or by mailing
<br /> ---- — " it by first cluss mail unless applicable law requires use of anothet method The notice shall be directed to the Property Address
<br /> -��� or any other address Borro�ver dcsignnte.v by notice to Lender. Any notice to Lender shall be given by first class mail ta
<br /> .-_�w=-,j Lender's address stated heroin or any other address Lender dcsignutes by notice to Bornower. Any notice provided for in ttfiis
<br /> .T`-"�- Securiry Instrument shall b�dcemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br />�;i�v,�_�,� 15.Governing La�; Severability. This Security Instrument shall be govemed by federal law and thc law of the
<br /> _ ��,;�p•: • jurisdiction in ��hich the Property is located. In :he �v�.^.t:!:s: any pmvision or clause of this Security Instrument or thr.Note
<br /> ` �.r;•;�;,.• conf7icts with applicable Iaw, such conflict shall not aftect other provisions af this Security Instrument c�r the Note which can be
<br /> ' .''�'"�� given effec;t�vithout the conflicting provision.To this end the provisions af this Security Instrument and the Note are declaa�d
<br /> - ���%+,���� � to be severable.
<br /> '_ � �6.Borrower's Cupy.Borrower shall be given ane conformed copy o(the Note and of this Security Instrument.
<br /> �•�,.7;t'�' Form 3028 9/90
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