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<br /> �Ynxnts nwy ix�longcn c�rcquircd, ut thc updan uf l.c�;+1�r.if murtgugo iuyurut�cc cnvern![e li��th x►u
<br /> �hat I,enckr rcyufrehl pr���idcd hy un insurrr epprova1 by l.endcr ugafn tx�:unxs uvailuble uixl i,ohtuined. ��rmwcr shall p�y
<br /> thr N�ei+�tuii►�►�yuirui tu n�ntnin nwrtgni!e incurnnce h�cffect.ur to�roviJc u lutis rescrvc,until�I�c ra�uircn�rnt f�.ir monguge =
<br /> insurance nxls in accunix�x�e with any written�greemcnt txtween&�rrowrr aixt l.eixfer or upplicabtc luw.
<br /> 9.Im�pecibn. l.endcr ur itr ugent nuiy ntf�ke rcuKmablc cntrity up�m urxi ins�tion�oF thc Pm��ny• l.endcr shull give
<br /> Born�wer nntice ut the tinx of or priur to wn inspec�iun hpecifving rcau�nuble cuuxe fur the lnspecU��n.
<br /> l0.Condemn�tiun. The procceds of any uward or rlaint for dumuges, direct or amseyuentiul, in conix�tinn with Any
<br /> condemnation ar other tnking uf u►�y pnrt��t►he Property. ��r for cunvoyunce in lieu of wndemnutton, ure hereby assig�xd And
<br /> shull be p�id to Lender.
<br /> In the event of a total tnkin�ot the Prc�perty.the pmceals shall be uppli�cl to the+ums tiecurc�d by this Sctiurity lutitrument,
<br /> whether or not thcn due. with uny exccss pakl ta Rorrawer. In the evcnt oP a puniul tuking of thc Pn►peAy in which thc fair
<br /> mtvket valuc of the Property immediatoly before iltc�q�lctng is equnl tu or gncater than the anxiunt of the nums securod by this
<br /> Security lnstrunx�t immediutely befarc the e�king,unless Borrower urxl Lcnder othcrwisc ugree �n writtng.the sum+sccured by
<br /> this Security Instcumnnt shall be reduced by the umount of the procecds muitiplied by the folluwi�ig fmction: (a) the total
<br /> amount of the Sums secucod immediately before the taking. divided by (b) ths fair motrkct valuc of the Property imnxdiately
<br /> before the teking. Any balancc shatl be�Id to Barsauer. In the event of n pnrtinl taking of the PropeAy in which thc Cair
<br /> market value of the Property immaliate�Y before thc taking is less than the amount af the sums secured immedetefy�bc�fos shall
<br /> utking, unless Horrower and Lender otherwiu agtce in writing or unless appl[cuble Inw otherurisc pmvides. p
<br /> be applied to the sums secure�by this Secmriry Instrument whether ur not the sums are then due.
<br /> If the Property is�bandoned by Bomower. or if,after notice by Lender to Borrower that the condemnor oFfers to nwlct an
<br /> awud or settle u claim for dan�ages. Horrower fails to respond to Lender within 30 duys aRer the date the� or o the sumc
<br /> Lender is authu�ized to collect and upply thc prooeals.at its option.either to restoration or npair of the Properry
<br /> xcurr.d by this Security Instrument.whetlieror not then due. �t�t�on of roceeds to rinci shall not extend or
<br /> Ualess Lender nnd Borrower otherwiu agree in writing. any app P P P�
<br /> postpone che due date of the monthly payments nferral to in paragraphs 1 and 2 or change thc urrwunt of such payments.
<br /> 11.Borrov�er Not Rdepsed;Forbear�noe By Lender Not a Waiver.Extension of the time for payment or modlficaUon
<br /> of a[►wrt►zation of che sums sc�.v�cd by ihis�xurir;Su.`•iz��-"-t S`"-n�rd hy i.ender to any suaessor in intercst of Barrower shall
<br /> not operate to nlense the liability of the original Borrower or Bonower's successors in intercst. L.ender shall not be ralui�'°d�o
<br /> rnmmence procc�edings against any successor iu interest or refuse to eatend time for payment or otherwise modify amonization
<br /> ` of the sums secured by this Security Instmment by reason of uny demand made by the original Borrower or Borrower's
<br /> f. succcasors in interest. Any forbearance by Lender in exercising any right or nemedy shall not be a waiver of or preclude the
<br /> �� exerci5e of Any right or nmedy.
<br /> 12, Suooesso�s pnd Assigns Bound;Joint And Several Liabiltty; Co�signers. The covenunts and agcaments of this
<br /> � Security Inshument shall bind and beneFt the successors and ass�8ns of Lender and Borrower. subjat to the pinvisions of
<br /> �� pazagraph 17. Borrower's covenants m�d agreements shall be Jo[nt and severnl. Any Bocrower who co-signs this Securiry
<br /> �� instniment but does not execute thc� Note:(a) is casigning thts Security Instrument only to mortgage. grant and rnnveY�ha�
<br /> 1 Borrowcr's interest in the Propetty under the terms of this Securtty Instn�ment;(b)!s rwt personallY obligatod to pay the s�ms
<br /> � socured by this Secudty Instnvment;and(c)agree.s that Let�der and nny other Horrower may agree to extend.modify,forbear or
<br /> � make any accom�nuclutioas wtth regard co the terms of this Security Instrument or the Note wlthout that BorrowePs consent.
<br /> ; 13.I.oan CharBes•If the loan securcd by this Secwiry Instn�ment is subject to a law which sets maximum loan charges.
<br /> q , a�i that law is finally inte�preted so that the interest ar other loan charges collected or to be collected in to�°he e h�e
<br /> � loan eaceed ch�pennitted limits•then: (a)a�y such loan chnrqe shall be redacxd by the amount necessary �8
<br /> ;� to the permicted limir and(b)any sums alroady callected fram Sorrower whlch exceedad permltted limits will be refundod to
<br /> Borrower. L.ender may choose to make this nfund by reducing the principal owed under the NN.e or by ma}�3nA a direct
<br /> � payment to Borrawer. If a refund reduces principal. the reducdon will Ue treated as a partial pnpayment w:tirout any
<br /> ? prepayment charge under the Nate.
<br /> j 14. Notices.Any uotice to Borrower provided for in thas Security Instrument shall be given by delivering it or by mailing
<br /> � it by fitst class miiil unless applicuble law roquires use of another method.The notice sh.i91 be directed to the Ptoperty Address
<br /> ; or any other addruss Borrower designates by notice to Lender. Any noricc to Lender shall be given by first class mail to
<br /> �
<br /> � Lendcr's addnss atated heretn or any ott�er address I.cnder designates by notia to Borrowcr.Any noticc pmvided for �n �s
<br /> Securiq�Instrument shall bc doemed to have becn given to Borrower or I.ender when given as provided in this para�raph.
<br /> 1S. Gorernfng I.aw; Severubiltty. This Security Instnunent shall be govcrned by federal law and the !aw of the
<br /> s jurisdiction in which the Propeny is located. In the event that nny provision or clause of this Security Instrument or the Note
<br /> t conflicts with applicable law,such conflict shall not nffect other provisions of this Security Instrument or the Note which can be
<br /> ti given effect without the confltcting provision.To this end the provisions uf this Socurity instrument and the Note ar�e dcclared
<br /> � to be scverable.
<br /> IG.iiorrower's Copy.Borrower shall be given otte conformed copy of the Note ard of this Securiry Instniment.
<br /> , Form 3028 9l90
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