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<br /> payments may ni�longcr be required, at tkr.option of l�:ndcr, if mort�age insuruncc cuvern�re(in[he amnunt und par the periad
<br /> thut L.endcr requires)pr�wided by an in�iurer apprc�vcd hy l.endcr a�nin bccomcs;rvailublc and is obt�incd. Borrowcr shull puy
<br /> '�� Ihc premiums requiruf w maintain mort�;u�c insurancc in cffect,or tc�providc a lass resr.rvc,until the requirement for�nongage
<br /> 'I in�tirancc ends in accordancc with any v�rir.n:n agreement hcnveen Barrow�r und Lender or upplicable Inw.
<br /> 9. lnspectlon. I.cnder or its a�tent nk�y mnke reasanablc entrics upon and inspections of thc Propeny. 1xnJer shall give
<br /> �� Barmwer notice ut the tirne of or prior to nn inspection spccifying ruisonnble cause for the inspection.
<br /> �� 10. Condemna4ton.The proceeds of any award or clnim for d►nnugrs, direct or consequential, �n conncction with uny
<br />- '�Ar•.w►►� condemnation or ather tuking of nny part of the Praperty,or for convey�uue in lieu of condemnation, ure hereby assi�ned and
<br /> � ` shall be paid to l.endcr.
<br /> In the event of a totul talcing uE the Froperty,the proceeds shall be upplied to the sums secured by this Security Instrument,
<br /> ~ whether or not then due, with miy excess paid to Borrrnver. Ii� the event of a partiul taking of the Property in which tha fuir
<br /> ., markct vulue of the Property imiti�ediatcly beforc the taking is equal to or greater thun the amount of the sums secured by this
<br /> Sccuriry Instrument immedintely l+cf�re the taking, unlesa Borrowcr nnd Lcnder otherwise a�ree in writing,the sums secureci by
<br /> this Security Instrument shnll hc reduced by the amuunt of the proceeds multiplied by tlie following fraction: (a) the total
<br /> amount of the sums secured immr.diately befare the taking, divided by (b) the fair market value of the Propeny immedintely
<br /> ' before the takin�. Any bnlancc shnl.l be pnid to Borrower. In the event of �partial tnlcin� of the Property in which che fair
<br /> markct valuc of the Property i.m.►�:ed�atr.ly before the taking is Icss thnn the:unount of the sums se�cured immcdiately beforc the
<br /> . . � takfng,unless Borrower and Lendar otherwise agree in writing or unless applicuble luw othenvise provides, the proceeds shall
<br />, be applied to the sums secured by this Security Instrvment whether or not the sums are then due.
<br /> If the Property is abundc�ned by Borrower,�r if,ai�ter notice by L,ender to Borrower tlint the condemnor offers to rnake un
<br /> . a�vard or settle a claim for damages, Bonowcr faiis 2a respond to Lender within 30 days after the date the notice is given,
<br /> , C.ender is authorized to c.ullect and apply the proceecls, ac its option,either to restoration or repair of the Propeny or to the sums
<br /> � r secured by this Security Inst�vment, whether or noi then due.
<br /> > Unless l.ender and Borrower othenvise agree in writing, any application of proceeds to principal shall •not extend or
<br /> - postpone the due date of the monthly payments referred ta in paragraphs 1 und 2 or change the amount of such payments.
<br />, . •.';,� 11. Iiorrower Not Released; Furbeurunce By Lender Not a Walver. Extension of tlie time for payment or modification
<br /> I�� _ ' � af amortizc�tion of the sums secured by this 3ecurity Insteumant granted by Lender to any successor in interest of Borrower shall
<br />. ;,.-:..
<br /> nci c�rai�!^re!�a�'thr linhili�y c,f the original Borrower or Borrowcr's succcssors in intcrest. Lender shall not bc requited to
<br />"'����� �' � � eommence prcceedings against any successor in intereac or refuse to extend time for payment ar otherwise modify amortization
<br />-;;;:! .
<br /> - . � of the sums secured by this Securiry Instrument by reason of any demand made by the ori�zinAl Sorrower or Borrower's
<br /> _ �M � ��• � successors in interest. Any forbeurance by I.ender in exercising ;uiy right or remedy shall not be n waiver of or preclude 2he
<br /> ,rix�r'�i:'+�:•� exercise of any right or remedy.
<br /> '��w,t�,;�;,;,� 12. Successnrs and Assi�ns Bonnd; Joint and Severul Llabillty; Co-signers. The covenants and agreements nf this
<br /> ��*'�``� ``'' Security Instrument shull bind and benefit the successars and assigns of Lender and f3orrawer, subject to thc provisions of
<br /> _=�.,,Vr_sr�.:
<br /> . ��;;;`��i?�� paragr�ph 17. Burrower's covenunts and agreements shall be ,joint and several. Any Borrower who co-signs this 8ecurity
<br /> `:��•',_�:""'�`�_ Instrument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage,grant and convey that
<br /> '- � Borrower's intemst in the Property under thc tcrms of thia Security Instrument; (b)is not personally obligated to pay the sums
<br /> �`� sccuned by this Securiry Instrument:und(cl agrees that l.ender and any other Bonower mtty agrce to extend, modify,forbear or
<br /> °��y°�t'�� make uny uccommodations with regurd to the ternts of thia Security[nstrument or the Note withnut thut Borrower's wnsent.
<br /> -:,�,:,,..�,�' 13. L.aan Churges.If the loan secured by diis Securiry Instrument is subject to a law which sets maximum loan charges,
<br /> -��� and thnt law is finally interpreted so that the interest or other loan charges collectcd or to be collect�d in connection with the
<br /> _- -- _ --- laan exceed tho permitted limits,then: (a>any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> ._���� to the permitted limit;and(b)any sums already collccteAi fmm Borrower which exccedecl permitted limits will be refunded to
<br /> _-.��,g Borrower. Lender may choose to muke this refund by ralucing the principal owed under the Note or by making a direct
<br /> -`---`� payment to BoRO�ver. [f a refund reduces principal, the reduction will be n•eated as a partial pmpuyment without any
<br /> -� prepaymant charge under the Notc.
<br /> --_- ° " 14.Notices.Any notice to Borrowcr provided for in this 5ecurity instrument shall bc given by delivering it or by mailing
<br /> __�,.s,M ' it by fir�t clnss muil unless applicable law requires use of another mcthnd. The noticc shall be directed to the Property Address
<br /> =.�sax.__:'�
<br /> .:�;.�_� or any other addmss Borrower desi�nates by noticc to Lendcr. Any notice to Lender shall be given by first class mail to
<br /> -�--=4•�r,� . Lender s nddress stated herein or any other address Lender designutes by notice to Bonower. Any noticc provided for in this
<br /> --'`="'R,`,��� Securiry Instcument shall be deemed to have becn given to Borrower or Lender when given as provided in this paragraph.
<br /> -_�'=:X+`,-� 1S.Governli� I,aw: Severability. This Security lnstrument shall bc govemeci by fcderal law and the law oE ihe
<br /> - "�'�x'�'�= jurasdl�tian in which the Propeny is located. In the event that any provision or clause of this Security Instrument ur the Note
<br /> ,''','��•4+.�w i �
<br /> =�;_-...:, .,.,.,.,, conflicts with applicable luw. such conflict shnll not affect other provisions of this Security Instrument or the Note which can be
<br /> a-'•���:`�� � given effect without the conflicting proviston.To this end the provisions of this Securiry Instrument and the Note are declar:.d
<br /> -- � , to be sevcrablc.
<br /> � ,�,.,�;; 16.IIorra�rer'h Copy. Burrower shcill be given one conformed copy of the Note and of this Security lnstrument.
<br /> Forrn 3028 9/90
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