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<br /> '�• '�� puymcnts muy n��longcr bc rcquirul, at thc option nf ln�nJcr, if n�u�rcgsigc insurimcc covcrngc(in the u�nnun�und fbr thc�x:ricxi
<br /> ''•`` ` chut I..endcr rcquires)providcd by +�n insurcr i►pptovcd by L.�ndcr ugnin beromcs uvuilnblc nnd i�ubtuinni. Uorrowcr shull pay
<br /> �� ' , �. thc prcmiumti requircd tu muintuin nu�rtgngc insurunrc in effcct,or lo piovlJc u Itris royc�'vC,until thc rcquirement for m�tttgugc
<br /> � � imur.�ncc cnds in uccorduncc with uny wriucn u�recmcnt lx:twcen Borruwcr und l.cndcr ur upplicublc IuW�.
<br />'.`;�� 9. IIiS�il'l'�IOtI. L,�;ndcr or its agcnt may makc rcasoni�hlc cntrics upon und inspcctions nf thc Prci�Crty. I.�:ndcr zhnll givc `
<br /> % Burrowcr nrnicc ut thc timc��f or prior to un inspection specifying rcusonublc cuusc fi►r thc ins�xctE�m.
<br />�"'~°'~ IQ. Condemnatlon. The prc�ceeds of any uwurd or claim for damuges, direct ar ronseyuentiul, in connection wieh any
<br /> ' condemnation ar other tuking of�ny purt of the Property, or for conveyance in lieu�f condemnution, are hereby ussiEned und
<br /> � �— shull be paid ro L,ender.
<br /> ' _�•.,�,. In the evene of a totnl tuking of the Property,the procecds shall be applied to the sums secureci by this Security Instrument,
<br /> ;,: whedter or not then duc, wich any excess paid to Borrower. In the event of a partial tuking of the Property in which the fair
<br /> market value of the Property immediately before the tuking is equal to or greuter than thc amount of the sums secured by this
<br /> ��'"�.� `~,�� Securit Instrument immediately beforc the taking, unless Bonawer and Lender otherwise agrec in writing, thc sums secu�cd by
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<br />--.��;�;,.fi;`,� this Security Instrument shall be reduced by the amount of the proceeds multiplied by the fallawing fraction: (a) the total
<br />���;:�`' ' amount of the sums secured immediately bef�re the taking, divided by (b) the fair market value of the Property immecfiately
<br /> `'y:�'�i before the taking. Any balance shall be paid to Bo�rower. In the event of a partial tuking of the Property in which thr, fair
<br />�-._;,��"°'� market vulue of the Propeny immediately betore the taking is Icss thnn the amaunt of the sums secured immediately befare the
<br /> "�r"` taking, unless Borrower and l.ender otherwise uyrex in writing or unless applicable law otherwise provides,the proceeds shall __
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<br />= bc applied to the sums secured by this Security Instrument whctt�er or nat the sums ure then due.
<br /> ��'��'��`��� :' If the Property is abandoned by Borrower,or if,after notice by I.ender tn Barrower that the condemnor offers to make nn
<br /> '"—`F'-?!�� award or setde a claim for damuges, Bonower fails to respond to I.,ender wahin 30 days after the dete the notice is given,
<br />-°;� Lender is authorizeci to collect and apply the proceecas,at its option.either to restoration or repair of the Propeny or to the sums
<br />-�—g__;,�� secured by this 5ecurity]nstrument,whether or not then due.
<br /> -"'"��:s'a�� Unless I.ender und Bonower otherwise ugree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due dute of the monthly payments referred to in paragrnphs 1 and 2 or change the amount of such payments.
<br /> I1.Borrower hot Released;Forbearance By I.ender Not u Waiver. Extension of the time.for payment or modi!'ication
<br /> ��� of amonization of the sums secured b��this Security Instrument grunted by Lender to any succassor in interest of Borrower shall
<br /> nnt operate to release the liability of the origiral Borrower or Bonower's successors in interest. Lendershall not be required ta
<br /> commence proccedings against uny auccass�r ir�interest ar rcfu:,e tc exter.�!SimP f�r payment or otherwise modii'y amartization
<br /> — of the sums sccured by this Security Instrument by reason of uny demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearunce by Lender in exercising any right ar remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and Asslgns Bound; Joint and Several I.iabllity; Casignera. The covenunts arzd agreements of this
<br /> Sccurity Instrument shall bind and benefit the successors und assigns of[.ender and Borrower, subjec¢ to the provisions of
<br /> - -- paragraph !7. Bornwer's rnvenants and agreements shall be joint and several. Any Borrower who ca•signs this Security
<br /> Instrument but dces not execute the Note: (a) is co-signing this Security Instrument only to mortgage. 6rnnt and convey tl►al
<br /> Borrower's interest in the Property under the terms of this Security Instrument; (b) is nat personully obligated to pay the sums
<br /> secured by this Security Instrument; and(c)agrees that Lender and any other Borrower may agrec to extend,maiify,forbear or
<br /> make Any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan ChArges. If the loan securai by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> and that luw is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> loan exceecl the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the churge
<br /> to the permitted limit;and(b)any sums already collected from Borrower which exceeded permltted limits will be refunded to
<br /> Bonower. I.ender may choose to make this refund by reducing the principal owed under the Note or 6y making n direct
<br /> payment to Borrower. If a refund reduccs principal. the reduction will be treated as a partial prepayment without any
<br /> prepayment churge under the Note.
<br /> 14.Notices. Any notice to Bo��ower provided for in this Security Instrument shcll bc given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method. The notice shull be directed to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's address statcd herein or any othcr address L.ender designates by notice to Borrower. Any nutice provided for in this
<br /> _ Securiry Instrument shall be dcemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> -- l5. Governing Law; Severability. This Security Instrument shall be guve�ned by fedcral law and the law of the
<br /> ------- jurisdiction in which the Property is locateci. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> --— = conflicts with upplicuble luw, such conflict shull not uffect other provisions of this Security Instrument or the Note which can be
<br /> �.��a��� given effect without the conflictin� provision.To this end the provisions of this Securiry Instrument and the Note are declared
<br /> -- aa� to be severable.
<br /> __��_�� 16.Borrower's Copy.Borrower shall be given one confonncd copy of the Notc and of this Securiry Instrument.
<br /> �+��=� Form 3028 9l90
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