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<br /> payn:ents snay no longer be rcquircd,ui dic..��ti:.n af Lcr.�e°, if m�m�:�ac inscimnce ccrvcragc(in�he anu�unt:,��i! m•thc perluel
<br /> that Lcndcr rcquires)prc�vidcd by na insurcr�+pprnvctl by l.cndcr ag.�in bccamuc a�naili►ble and is otnnin�:i, t�ns•row�cr shall pay
<br /> thc premiums r�quired to in�intaim m�rt��a,e insurancc in cffect,or tn provido�i h1:,s res;:rve, until th�rcc�uirr�ritir.nl for mnrtgabe —
<br /> insurance ends in accardance with uny written ngreement betwc:en!�orro�ver iun!L�ndar or upplical'i!u ln�v.
<br /> 9. Inspectton. Lendcr ar its agent inay makc rca5onable eutrics upmi ttnd ine,pectiosis of'thr. Pr►�p�rq�. I.ender shuU give
<br /> 8orrowcr naticc ut thc timc t�f or prior t��nn ins�xctian s{►eciPying rcatiunabic vau�;:i G�r ihc intip�:clfi»i,
<br /> 10. Cc�nden�natlan. 'I'hc prnccc�i�+nf uny aw;ad ar��L•�inr far dunwga�, df rr.ct�rr af�iticqucntinl, in �:viflttcctinn witb uny
<br /> condcmnatiun or �nhcr m�cin�; of any p:�rt nf thc 1'ro{xrty,o�• fur convcyancu in Ifi�u�Tf con�lcmnatiun, :rrr�Ilr.m.by :issigncd t�n�
<br /> sh�dl hc paid tu l..endcr. —
<br /> In�hc cvt:nt af n tot;d�uking uf th�1'n�perty.thc prucccJs,hull h4 iip��ilin!�ir dw tiumti,ccuicd t�y�hi�Stcurlly instrumcnl.
<br /> wiiclL�r�n• nut thcn Quc, with uny cxr�tis pidd ro Nnrr�����cr. ln thc cvcn� uP'u�ruyEid �nking uf thu 1'rng^�oy fn whic0 d►c fair
<br /> markct v;iluc of thc{'rn�xrty in�mcdintdy Ix;tiirc thc taking i,cqu+�l tc�ur_t,n�+il�:�•tli�u�du:cimoum uf thn svmt+sccurcd by this
<br /> Scrurity Intiuumcr�t imuudfatcly hcforc tlic tukin�.101If.Sti I�(lYi'OWCr an�l l.:mdttr u111��rwlnc agrcc in��•riting,.tt►c:sums secured by
<br /> thix Se�urity Instrument �bull t►c reduccd by the mm�unt of' the pmccu:t!; mullf�ilfed by the fo11n►��in�; frr•�ction: (a) tiic t�tal
<br /> uinaunt of tl�c suros ticcurcd lmmcdiutcly Ixfbro tlu tuking, divided hy(1n1 thi+ suir market vcdun uf thn Itmpeny immcdiatcly
<br /> beforc thc tuking. Any balancc shall Ex:p;�id ta �or�owcr. Zn tli�ev�ni�af is ptutii:d takin� nf�hr. Prn}�:�t9� in which thc fair =
<br /> murkct vnlue of the Property immediutcly before the tuking is Icss ihan.ti�a nmoiint nt'thc sums secun�i immr.:l;u,c:;�efo:e the
<br /> taking, un�css�orroevcr niul Lendcr othcrwise agrcc in writing or unlcr.��ppHr.uNl�luw otherwisa pmvidhs, thc praceecls shall
<br /> be applied to the sums secured by this Sccurity Instcument whether or rnn the swri:,are ihen due.
<br /> If the Property is ubandoncd by Barrowcr, or if, after notice by Lw�dt�r tu E�irowcr that tho cnrv.iflmnm'offers to make an
<br /> award or settle a claim for damages. Borrower fails to respond ta I..tmder witt�in 30 duys after thn di�1a tlie notice. is given,
<br /> Lender is authorized to collect and apply the proceeds,at its option,eithm'ti�restoratiun or repc�ir of iti9 I►m}�crty or to the sums
<br /> secured by tliis Security Instruinent,whether or not then duc.
<br /> Unless Lender and Bonower atherwisc ugrce in writing, anp• applic:ntinn of procecds ro pxinTipnl�shall not cxtend or
<br /> postpone the due date of thc monthly payments referrcd to in paragraphs 1 and 2 or change the am4bim o��.st�eh payments.
<br /> l l.Borrower Not Released;ForUearunce By fLender Not a V�f,Nivur.Extenston of the tim�s fni g}��yment or modificution
<br /> OI emOrtizatton oFtlte surtts ac�:u�aj uy 2u;S JKIII�Z�jR;sn:m�n:Q�a�t�d n� �rn�f�r�o any�uccessoT in,intcrest of Borrawcr shull
<br /> not operate to relcase the Ilability of ti�e original Borrawer or Bonowa:r's sttccessors in intcrest. l:.enc4t��st�all not be rcquiral to
<br /> cammence proceedings against any successar in interest ot refuse ro axtend time for payment or oahTa�viso modify amortization
<br /> of the sums securcd by this Security Instrument by reason of anp dumemd m;�de by the oriFin.at Iinrmwer nr Burrower's
<br /> successors in interest. Any forbearance by I.ender in exercising any riBht or remcdy shall not t�ri waivar o�or preclude the
<br /> �rer�ise of any eight or remedy.
<br /> 12. Succe.�sors and Assigns Bound; Joint end Several Linh9llty; Co•signers. Tho cx�ve.nnnts :�nd agreements of this
<br /> Securiry Instrument shall bind and benefit the successors and�ssiBns of Lender ar.d H�rro�ver, svbject ro the �mvisinns of
<br /> parugraph 17. Borrower's covenants mid agreements sht�ll be joint and several. Fhny Boaro���rR who co-signs this Se.cuxity
<br /> In9trument but dces not execute the Nota: (a) is w-signing this Security instrumei�e only to murtgnge, gmnt tu►d eonvey that
<br /> ' Bonower's interest in the Property under the terms of this Securiiy instniment: (b)is not�nc��nally oblig�teci to,pay th�surris
<br /> secured by this Security Insirument;and(c)agrees that i..enderand•any other Borrower may ar,�ee to extend,mUdlfy,forbe�u'or
<br /> make any accommodations with regard to the tenns ofihis Securitt�Int;trnment or the Tsota�viliiatu thut i3orrower's consent.
<br /> I3. Loan Charges.If the loan secured by this Secuiity[nstminont is subject to a law�vhich seta mnximnm loan charges,
<br /> and that law is finally interpret�d so that the interest or other l�t:n ahair�;es collected oc to be collected•in wmt��tion�vith the _
<br /> loan exceed the�e�mitted limits,then: (a) any such loan char�e sf�nll bc�reduced by tho�anount n�eCssary to reduCc the charge
<br /> to the Qermitted limit:and(b)any sums already coltected from Anrrnwcr which exc�oclixi permitted limits will be refuncted to
<br /> Borrower. Lcnder may clioose to make this rcfund by reducing tl�o principal owe<] undcr tltc Note ar by makins a direct
<br /> pnyment to Bonower. If a reftmd reduces principal, the redu«ic�n will be tresiied as a partiul prepayment without any
<br /> prepayment charge under the Note. '
<br /> 14.NoNces.Atty notice to Borrowcr provided for in this Se:urnty Instrument shall be given by delfvering it ar by mailing
<br /> lt by first class mail unless applicable law requires us�of anothonme:thnd.The notice shall bc dirccted to the Property Address
<br /> - ar ai�y other address Bonower desi�nates by notice to Lender. Ac�y nutice to L,end�r shall be given by first cluss mail to
<br /> L:ender's address stated hcrein or any othcr address Lender dcsi�nales by noticc to Borrowcr. Any notice provided for in this
<br /> Security Instrument shall bP deemed to have been given to Borroa5ur or[.endcr when giv�n as provided in this pnr�graph.
<br /> �5.Governing Law; Severability. This Secarity inscrumont shall be aoverneci by federa] law� 1nd the la�v of tLe
<br /> jurisdiction in which the Propeny is located, In the event that ��y provision nt cluuse of this Sec:uriey Instrument ur the Note
<br /> conflicts with applicable law,sueh confliat shatl no�u;fext.,il�r, pwvisions of thi�Securvty Instrument or the t�iote wi�icL cnn be
<br /> given effect without the conflicting provision. To this end the pmv'anions of thoa.Security Instrurnent anJ the Note are declared
<br /> to be sevc:rable.
<br /> 16.Borrower's Copy. @orrower shall be given one conformai copy of'thc:Note and of this 5ecurity Instrument.
<br /> Form 3028 9/90
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