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<br /> . -� g�'� 90��'7 � � E �� �
<br />_ ___�___�.t payment�.cYwy nu tonger be required.at the option of Lender, if mortgage i�uurance roverage tin the amount and foe the periad
<br /> that Lender requirr+►pn�vided by an iruurer appru�ed by txnde�again be�vmr��Laflahlc and is c:bt�ined-Horrower shall pay .
<br /> , ; `� the premiums reynimi t�maintain mortgage iosurance in effect,or to pmvide a t�»�reserve,until thz requirement for mortgage ,
<br /> . , _,� intiurance ends:n atlt�rdance with any written agreement bet�ti•een Borro�ver and L.ender or applicable law.
<br /> . _ .� 9. laspectton. Lendcr ur it�agent may make runonable entries upon and inspectia�s ut the Property. txnder shall give
<br /> - — Borrower nutice at thr time of or prior to an in�pe�[ion specifying rea�nnable cause for ttae inspectic►n. - --_----._
<br /> \ .. 10. Coudemnatton. The procceds of any award or claim for damages.dir�xt or con�equential. in�-onnecteon with any ' _
<br /> . � condemnation ur other taking of any part uf the Property,or for conveyance in lieu of condemnstion• are hereby assigned and
<br /> . shall be paid to Lender. - -
<br /> . � In the event of a tatal taking of the Property.the proceeds shall be applied to the�ums sec�red bp this 5ecurity Inswment. _ ,` : _ _ ;
<br /> whether or aat then due. a•ith any exces�paid to Borrower. In the event of a partial taking of the Property in which the fair : , .
<br /> _ . martcet value of the Property immediately before the taking is egual to or greater than the amount of the�ums secured by this '
<br /> � . Security[nstrumeat immediate{y before the taking.unless Borrower and Lender othenvi�e agree in writing.tSie sums secured by _ ' ,,:. _:_`
<br /> • this Security Instrument shall be reduced by the amoe�nt of the proczeds multiplied by the following fraction: la) the total
<br /> .�,•
<br /> amounc of the sums secured immediaiely before the taking. �'i�.ided by (b) the fair market value of the Proper[y immediately .<.r ,
<br /> �` • `` ,' � before the taking. Anq balance sha}I be paid u�Borrower. �^.��:e event�:f a partial talcing of ihe Properry in which the fair � :� :
<br /> �1..' . " ^ . :.i`- r=:
<br />_�:s,• .;;;, • , � market value of the Property immediately bet'ore the talcing is;ess than dt�.�c�snt of the sums secured immediately before the
<br />-.j;-f'.;���i;`;,'`�; taking.unless Borrower and Lender otherwise agree in writiag or unless:.�l:rabie law otherwise provides. the proceeds shall .. __ :. _
<br /> h .�.r �
<br /> ;;, ; • ' - be applied tv the sums secured by t�is Ser��rity Instrument whether or not the sums are tlree�dae. _,; �t
<br /> �;�€N��. ': If the Property is abandoned b� Borrower,or if,afier notice by Lender to Borroaec�at the condemnor offers[o make an
<br /> `•.:�;'r.° .
<br /> award oi settle a claim for damages. Borrower fails to res�vad to I.ender within 30 days after the date the notice is given. ,F,..,_..__ _
<br /> � . ' Lender is authorized to co1lecY and apply the prooeeds.at its egtion,either to restoration oc repair of the Property or to the suttts � •
<br /> • �,`,._.; secu�ed by this Security Instrument.wi�ether or nat then d�e_ � .. : .
<br /> �, ° Unless l.ender and Borrower othenvise agree in wrirs�, any application of proceeds to principal shall not extend or •..,;
<br /> � � • � • • postpone the due date of the monthly paymenu referred ta ttr�^agraphs I and 2 or change[he amount of such paymems. ,_ ��}���-
<br /> .' �';:-_'
<br /> y : 11.Borro�ver:�Iot Released:lForbea�ance By Leade�1at a Waive:.Extension of the time for payment or iu,T�iifc.�tion , .�w•i.;
<br />::i•
<br /> � � of amonization of the sums secured by this Securiry Iashument granted by L.�nder to any successar in interest of BorraNer sh�11 ...;,;.._. :'
<br /> :;�c;. not operate to release the liabiliry of Ehe original Borrower er Sorrower's s;a�ssors in interest. L.ender sfiall nat be require�w ,.� •.+.'` �:�';. :
<br /> � %_ eommence pmceedinP,s aga�nst ang �.uccessor in interest or r.r-.`se to extend time for Fa�rlrent or otheruvise modif}+amortization �'���� ,
<br /> ,,;.
<br /> ` . ,f•.;i,, , of the sums secured by this S��sy In�trument by re�c�^ ef any demand made L^.� �.� original Boaower or Bamnwer's ,�����, �
<br /> ' �� . successors in interest. Any far�.�r.ce by ixsu.'er in exenriy^g any right or remedy .u_� not be a waiver of or preclude the ,:f,{�tr•�, . :'..� �:;
<br />_r r• ' .,. �
<br /> • eaercise of any righc or remedy. `
<br /> . • :,'�:` 12. 5uoces�ors and Ass3gns Bourtd:Joint and Seceral Liabilit5; Co-s�gners. The coveaa.� and agreemenu of this -� ��
<br /> �' -�,'y�";-"^,. '� � Securit� Instrument shall bind ��d benefit the successors z-�t.:ssigns of Lender and Barrower, s�b;ect to the pmvis'sons of : r;��_
<br /> r4' ` paragrdph 17. Borrower's cover.ants and agreemenu shall F+e Ioint and several. Am Borrower who co-signs r�� Security 4�
<br /> _ '..'��.;.. ' �;� Inswment but da�s not execute the Note: (a) is co—signing �"�:.s Securin• L*utrument cnly to mort��. p,r�n� anj o'c eY that ' �s -
<br /> .,.:, p ,ated to pay the sums ,
<br /> ` 'Y;�;� ' ; � Borrower s interest iz the Property under the terms of this Security Ir.stn;.��t; (b)is not ersonatic vi.;tia i
<br /> • . !.'��- • �� secured by this Securiry(nstrument:and fc)agrees that I.ender and any c�-�r Burrower may agree to ester►d.modify.forbear or �
<br /> ,.,�:�'�' .�,.,-
<br /> �'--� � � •�''� make any accommodations with n rsrd ta the terms of this Serurity Instrument or the Nete without that Borrower's wnsent. .,.,4r�,F� � : �.-
<br /> • � :;' � 13.Loan Cha�ges.lf the Cc�:r.secured by this Securic�� [rtstrument is subject to a l�•v. which sets maximum laan charges. �,. ��+����'
<br /> .. and that law is finally interprete�f so that the interest or e�l�r loan charges collected or to be collected in wnnect�•^_n with the ::���i�{�1,�;,.,.',�.
<br /> : loan excced the permitted timits,then: ta1 any Such laan charge shall be reduced by the amaunt necessary to redat:rhe chazge :F'.°';:.,-
<br /> ,:: ' , 1�,.
<br /> '? ''� to the permitted limit:and Ib)any sums altezdy collecied from Borruwer which eaceeded permitted lisniu wip be refunded to r ;. ;,.. a;_,=
<br />'`•''� . � • Borrower. Lender may choose cQ rnake this refund by ratu..-'sng the principal owed under th� Note or by mak:ng a direct : � ;� .:,
<br /> . payment to Borrower. If a rcF,�r.�i reduces principal, thc n�ziuction will be treated as a partial prepayment a'r.hout any �.•.�";,r}�;... ;.,:`�<,•,-
<br /> " prepayment char�e under the Note. '�'�(}+ �� `
<br /> . -- . . 14.Notices.Any notice to Borrower pratiided far in this Suurity tnsirument shall be given by delivering it or by mailing �' , t ` {� ;
<br /> '• � it by first class mail unless applirablc law requires use of another meth�xi.The notice shall be direrted to the Property Address .,�,.•: .:.....,;..
<br /> ` ' • , or any other address Borrower designates by natice to i..ender. Any notice to Lender shall be given by first class mail to .'.'�t:�F,,.�; •
<br /> Lender's address stated herein or any othcr address Len�r designates by notice ta Borrower. Any notice provided for in this �,,;.7y:, : .. ..:
<br /> • . '.. ' Security Instrument shall be dcemed to have been given to Borrower or Lender when given�provided in this parn�raph. ,
<br /> �i,..�- . �� ' 15.Governing Law; Severability. This 5ccurity Instrvment shall be govemed by federal law and the law of the .
<br /> •�; . jurisdictian in which the Property is located. In the cvent that any provision or clause of this Security Instrument or the Note
<br /> ��'! conflicts with applicable law.sach conflict shall not affct�t other provisions of this Security lnstrument or the Nnte ahich can be
<br />`:�;; .,` � gi�en effect without the eonflicting provision. To this end the provisions of this Security Insttument and the Note sre declared ��'r;:.'`• ' ..
<br /> � �.i;ti�,. :
<br /> -. • to Ee severable. , ;>'•,.;:�.
<br /> t f::; ' t6.Bo�rovser's Copy.Borrower shall be given one con(urmed a�py of the Note and of this Security Instrument. '',;;.r;.;'.'. .
<br /> ,� . ��soaa 9�90 � '
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