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<br /> � paymcnc9 may no longcr bc rcquircd,at thc optian of Lcndcr.if mortgagc insurancc covcrngc(in thc amount end for thc periad ' , '
<br /> thnt I.cndcr rcquire.9)provided by un insurcr approved by Lcndcr egaln becomcs avallAblc and is obtained.Borrower shall pay the
<br /> � prcmiums rcquircd to maintain mortgagc insurancc in eftect. or to prov�dc a loss rescn+c, until thc requircment for mongega A�;
<br /> . _,.. insurer►cc cnds in accordancc with any wrictcn agrccmcnt bctwccn Borrowcr and L.cndcr or appGcabla law. C� �: ..,:,-
<br /> � 9.Inspectbn. Lendcr or its ugcnt may moke rcasonable cntrles upon and inspccaons of thc Property. I.ender shaU givd; k; , • �.-.,_
<br /> ' gorrower notice at lhe ume of or pdor W en inspecdon specifying rcasonabla cause for�he inspection. � . �;,� _ �:�'''
<br /> � 10.Condemaatian. Thc proaxds of any award or claim for damagus, dircct or conscqucntial, in conncctian with any M1 �.>: t�:-
<br /> � � ���;_:
<br /> � ccmdemnation or othtr taking of any part of the Property,or for conveyance in Iieu of co�demnadan,are hereby a5signed a��d Ca ; .:,;',���,:_
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<br /> � sha116e paid to Lender. �, �•'•:�?;:�"=-
<br /> j In the event of a total taking of the Property,the pracceds shall be aPplled t°the sums secured by this Security Instrument, , ,:,�•,;;-,.__^---
<br /> of thc Pro !n which the fau markct � ��``'="-
<br /> I wheiher or not then duc,with eny eacess paid to Bocrower.In ihe event of a partial takin8 P�+'�5' !. •`�s._,
<br /> � valuc of thc Property immediately before the taking is e9ua1 to or greatcr thtu► the amount of the sums secured by this Sccurity � '',�'.r.,.v:
<br /> m wridng. thc sums secumd by this � x�"Y.=
<br /> , Instrument immcdiatcly bcfore the taking, unless Borrowcr and Lcnder otherwise a8rec � •-=^:'--�
<br /> . ;:
<br /> I Security Instrumcnt shaU be rcduccd by the amount of the proccxds muldplied by the foqowing fraction:(a)the total amount of ._��s;�;�--.
<br /> U►e sums sccurcd immcdfately before the taking, dlvided by (b) thc fair market va►ue of the Propcity immediatcly befarc the �' �.,��.�.�.s.
<br /> taiung,pny balance shall be paid to Borrower.In the event of a partialal talcin$of the Property in whieh the fair madcet value of iha •�`«�w-�
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<br /> property immcdiately beFore the taking is less than the amount of the sums secured immediately before the taktng, unless Y::--^:�=
<br /> Bonower and Lender otherwise agree in writin8 or unless applicable law otherwise provides,the proceeds shall be applied eo the
<br /> sums secured by this Security Instrument whether or not the�^�ams ere then due. • �.�
<br /> . If the Property is abandoned by Borrower,or if,aflcr nQmce by Lender ta Borrower that the condernnor offers oo make an �.__�
<br /> award or seule a claim for damages,Borrowcr fails to respnnd to L�nder within 30 days after the date the notice is gn°e+.►,Lender � ,:,t---
<br /> � . is au�horized to collect and apply d�e procoeds,et its opaon,either to reswradon or repair of tho Praperty or to the sums socured � '`��j�':.�
<br /> i by this Security Instrument,whcahet or not then due. li�uon of proceeds w PrinciPal sha11 nat catend or postpone r-..�...-_,
<br /> Unless L.e��der and Borrower otherwise agrce in wri�ng,anY aPP� �;
<br /> ' � the due date of the monthly paYments tefe,rred to k►P�S�Phs 1 and Z or change the amaunt of such payments. , �
<br />_ _� Z�,RQ��y..N��Rekased:Forbearance By Lender Not o Wsiver. Extensian of the tima for payment or modification �;_:�y==—
<br /> of amortv,adon of the sums secured by ihis Seeuriry Inswment graneed by Lender to anY svocesso��n u,t�'�f;°rr�w�°h'•�1 �'��IM;��
<br />'. not operato to release the liability of the original Borrower or Borrower's succcssors in interesc.i Cndcr ahall not be requircd t�a .�:_
<br /> commence procadin85 against any successor in interest or refuse co extend dme for payment or o�heiwise modify amortizarion of j;_
<br /> �:. . the sums sccured by this Security Instr�ment by reason of any demand made by the origin.�l Borrower or Borrower's successors �',_
<br />;i:� in interesG My fofiearance by Lendu in eaencising any right m remcdy shall not be a waavEr of or proclude the excrc�se of eny ;- _
<br /> dght or remedy.
<br /> 12.Successors and Assi�ns Bound;Joint snd Severxl Liability;Co-stgners. 'ltie covenar►ts and agroeme�ts of this ; ,,�
<br /> Socurity Instrument shall bind and benefit the successors end essigns of Lender end Borrower, subject to ihe provislons of ,� _
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and sevual. My Borrower who co-signs this 5ecurity [�_v
<br /> � Inswment but does not eaceute the Note: (a)is co-signing this Security Instrument only to mongage, �snt and convay that !,.
<br />-� g�Wa•g int�st in the Property under the terms of this Security Insuument;(b)is not personally obligaud co pay the sums �
<br />- secured by this Socu�iry Instcument;end(c)agcees i1►et Lendec and any other Borrower may agrx tn eatend,modify.fabear or
<br /> �` make any accommodaations with regard to the tem�s of this Security Insuument or the Note without that Borrower's consent _
<br /> od
<br /> rr � 13.LoAn Charge�. If the loan sec�ued by this Securiry Insuument is subjoct to a 1aw which sets meaim►un loan charBes. _
<br />- �' and that law is Cu�ally interpreted so that the interest a othcr loan charges collected a[o be coIIected in connecaoa�w'sth tha loan =. .
<br />^f e x c e e d�he p e r mipsd Wnits,tho�:(a)any such loan charge shall ba reduced by the amount necessary eo raluce the charge to the �__
<br />= pertnitted limit;and(b)any sums alnacly collected from Bo�rower w hic h ea c e e d e d p e r m i e t e d l i m i t s w i ll b o r e f n n d e d t o B o r r o w e r. �•_
<br /> ' � ' �,,�d� �y choose to make this refund by reducing the principal owed under the Note or by making a dircxt payment w ,p-
<br /> • gorrower. If a rcfund r:duces principal,tha reducuon will be treated as a partial Pnpayment without any prepaYment charge ___a�
<br />-'� .." undertheNote. �•j:�-
<br /> � � 14.Notices. Any notice to Borrower provided for in this Security Insuument shall bo given by deliverir�g it or by mailing it
<br />- • by first class mail unless applicable law requires use of another method.'Il�a noHce shall be dirocted to the Pro�cty Address or �. -
<br /> any other address Boaower designates by noaco co Lender.Any norice to I.tnder shall be given by fust class mail to Lender's '." _
<br /> add�ess stated harein or any other address I.ender dcsignates by norice to Bocrower.AnY nodce provided for in this Securiry ___—�_--:_.
<br /> Instrument shall be doemed to hnvc bcen given to Borrowcr or I.er►dor when given a5 provided in this paregraPh. .. ;,.;-- _-�� .,�-
<br /> '•; 1S.Goveroin=Law;Severability. 'It�is Scc�u'ity Instrumont shall be govemed by fedcral law and the law of the ',:�,�,:�,,;��__,
<br /> . { jurisdicuan in which iho Property is locatecl•In iho event lhat any provislon or clanse of this Secieriry Instrument or tha Note ..��
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<br /> � ��j conflicts wiUi epplicabla law,such conflict shall not affect othor provislons of this Securiry Insuument or the Note which can be ��.
<br /> 1 given effect wiUiout tho conflicdng provision.To thtc�end t1►o provisions of this Security Inswment and the Note are declared to .,.;�.�
<br /> � bc severable. , ..'��+�t�
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<br /> Form S02e 9l90 " '
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