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<br /> " . no lon cr be r+:quired,at the option of I.cnder, if morlga�e insurancc coveragc(in th`e�a�ino��un B rcower shall puy �='
<br /> payments may B
<br /> thm Lendcr rcquires)provided by an insurcr approvcd by l.endcr again Uecmucs uvailablc snd is o twn _
<br /> thepremiums rcquircd to ►nuintair�moetgagc insurance in effr.ct.��r to provide u loss rescrvc,un[il thc reyuirem.^.nt for mortgage �'
<br /> ' `..�� insurancc cnds in uccordance with any written ngretm�m het+vecn Borm�vcr and Lender or applicable law. -
<br /> - 9.InspecYton. I.ertder or ic,aQent muy mai;c �cuhunnlyli:cnaics :spon and inspect�nnc of the Property. I.ender shull give
<br /> Burrower notice at the time of or prior to an inspectic►n spec:ifying ru+sonable cuuse for the inspection.
<br /> • 10. Condemnation. The proceeds of any a�vard or cluim f�r dumuges,direct or conseyuential, in connection with any
<br /> - condemnation or other talcin}��f any part of the Propeny, or f�r conveynnce in lieu of condemnation. are h�:reby assigned and
<br /> ' shall be paid to Lender. �,
<br /> In thc event of a totnl takin�of the Property,the prncec.�Js hhall be applied to the sums secureti by this Securiry Ins►rument.
<br /> whether or not then due, with any excess paid to Bormwer. In the event of n paniul taking of the Pmperty in which the fair �
<br /> market value of the Nro�sercy imrr�ediately before the taking is equul to or�rcater d�an the amount af the sums secured by this +
<br /> Security Instniment immedintely tscforc thc taking,unlcss Anf thecr occeds mu�t P�►ed'by the follo v ng frart nm(a)cthe�total
<br /> -��-.. this Security Instrument shall be rcduced by the amount p -
<br /> :.>��..:• . �.,,,, �„„o �,�,,.,,T,.� immrtlit�telv before the ta{;ins, divided by (b) tl�e fuir marlcet value of the Propercy immediately �
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<br /> bcfore the takin�t. Any lrulnnce shall be paid to Borrower. (n dic event ol a t�art�al taking �ff ehn Fruperly in which the air F._
<br /> ' market value of the Property imrnediately before the taking is less thttn the vnount of the sums secured immr�iately before the -.
<br /> ' taking,unless Borrower and Lender othenvise agree in writing or unless applicable law otherwise provides, the proceeds shall �.,
<br /> ••t be npplied to the sums secuced by t6is Security instrument�vhether or not the sums arc then due. ��
<br /> wi..
<br /> „ If the Praperty is ssbandun�d by Borrower, or if,nRer notice by L.ender t� Borrower that the condemnor offers to make an �,',
<br /> �' �� award or setde a claim for dumAges, Borro�ver (ails to respond to L.ender within 30 d�ys after the date thu notice is given, -
<br /> .1' Lender is authori•rxd to coll�ct and apply the procceds,at its option,either to restoration or repair of die Property or to the sums .
<br /> ' ' � secured by this Securiry [nrtrumenl,whether c�r not then due. °-
<br />_ '<..�.� Unless Lender and 6urrower otherwise agres in writing, any applicntion of proceeds to principal shull not extend or �_
<br /> ' ` postpone the due date of We monthly payments referreJ to in paragraphs 1 and 2 or change the amount of such puyments. Y
<br /> _',,::F ,��,
<br /> .�;._,,. _ „_ Il. Borrower NnC Relea�ed;Forbearunce By Lender Not n Wuiver.Extension of the time for payment or moditicution
<br />_ •.' ',�;5,;'��; . of asnortiz.�tion af the sums secured by cnis�ecuriiy Iu�t�uir��r�t gra��tcs!►�,I-=�d�!'t�any successor itt in[erest of Borrower shall _
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<br /> ::. ���;.,,:,:, � not operate to releax tha leability of the original Bottower or Horrower's successors in interest. I.ender shall nat be required to
<br />,:v_;s;w�i:�,"' commence proceedings against any successar in interest or refuse to extend time for payment or otherwise modify amortization _
<br /> -_;�:� ; .
<br /> -�:�;an�?' of the sums secured by thie Security Instrument by �e:ison of any demand made by the original Bocro�ver or Borrower s
<br /> '��''�^':�'�: successors in intorast. Any fcrbearance by Lender in exercising any right or remedy shaU not be a wuiver of or preclude the
<br /> -.._==:�,�.��;,;�.
<br /> czercise of any ri�ht or mmedy.
<br /> ��"�Y � 12. §uc.zes�+ns and Assigne Bound; doint and Severul Llability; Co-slgners. The covenants and ugrcements of this
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<br />�.r�.,r•r,,��. Securiry Instrument shall bind and benefit thc successors and assigns of Lender and Borrower, subject to the provisions of
<br /> ��� paragrapb ly. Hotrawr.r's covenents artd agreements shaJl be joint and several. Any Bo�vower who co-qiQns this Security
<br />`_'��;���' Instrument but does not execute the Note: (a) is co•signin�this Security Instrument only to mortgage, �rant und convey that
<br /> ��'-°a':?�' Borrower's interest in the Property under the terms of this Security Instrument:(b)is not personally obliQated to pay the sums
<br /> ��;u�+:f
<br /> -;��N�;; secured by this Security [nstrument; and(c)agrees that Lender and any other Bonower mny agree to extend, modify, forbear or
<br /> _=_ make any accommc�duciiins with regard to the terms of this Security Instrument or the Note witl�out that Borrower's consent.
<br />� `� 13. Loan Churg�.Ifi the loan secured by this Securiry Instrument is su bject to a!aw which sets maximum loan charges.
<br /> and th�t la�v ia finally int�►p�+eted so that the interest or ather loun charges collected or to be collected in connection with the
<br /> -�----_— los�n exceed the permittcd fimitti,then: (a)any such loan charge shall be reduced by the amount necessury to reduce the charge
<br /> _'"— to the�erm(tted limit: and(b) any sums alreAdy collected from Borrower which exceeded permitted limits will be refunded to
<br /> -'�� Borrower. L.ender may choose to make this refund by reducing the princlpal owed under the Note oc by making a direct
<br />�`�`� . payment to Borrower. If a refund reduces principttl, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> -��' 14.NotEcrs. Ans� natice to Borcower provided for in this Security lnstnimcnt shall be given by deliverin�it or by mailing
<br /> �';� it by first class mail unlass applicablc law requires use of another method.The notice shnll be directed to the Property Address
<br /> `'�-'�`-'-=°i'�'� or any ather address �uisnwer designates by notice to L.ender. Any notice to Lender shall be given by first class mail to
<br /> m•«���� Lender's uddress sta�ed herein or any other address L.endcr designates by noticc to Borrowcr. Any notice provided for in this
<br /> -�;�"��' Security Instcument shull be deemed to have been�;iven to Borro�ver ot Lcndcr when givcn:is provided in this par�graph.
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<br />-;_;°���f�.., 15.Govcrning Y.aw; Sevcrabtllty. This Saurity Instrument shall bc govcrned by fcdcral lu�v and Yhe law o t e
<br />:=N:t;�T�i;5`:�' jurisdictian in which the Fmperty is located. In the event thut any provision or clause of this Securiry Instrument or the Note
<br />,;,.,: ,•
<br /> • conflicts with applicable luw. such contlict shall not affect other pro�•isions of this Security Instrument or the Note which can e
<br />�;n�'•�• � � given effect without thu conflictin�provision. To this end the provisions of this Sccurity Instrumcnt and the Note are declared
<br />- ` ' to be sever+sble.
<br /> ' '�'��`�' 16.Borro�ver's Cany.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> - �.:�_ Form 3028 fl/90
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