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<br /> paymenn may no I�n�er be required,�t the aptian of L.ender,if mortga�e insumnce coveroge(ln the umou�u und for the pe�tod
<br /> that l.endcr requircwl pmvlded hy un ingurcr appmved by l.endcr abuin becaenes availubic a�id is abtsined. Borrawer shull pay
<br /> the premlum�reyuired to maintnin mortgage insurnnce fa effcct,ar to provide u latis mscrve.until thc requirement for mort�age
<br /> insur.im�e ends in ucronlunce wiU�nny written ugrcement benveen B��nowec und l.ender or appltcuble law.
<br /> 9.In.9pe�nlnn. I cnde�or!tH ugent may muke reasunabte entricw upon und inspcctions uf thc E+roperty.l.ender shutl give
<br /> �orrower natfa;ul thc tinm af nr prlur ta an inspertion specifyfng rcasonuble cause for thc inspcction. `
<br /> 10.Cundem�ation. The pmceeds of uny awc�rd or c[aim for damages. direct or con�equential, in connection with any
<br /> cend�mnation or other tnP�in�ni'�ny part c�f'the Pmperty, or for conveytmre it1 lieu of cortdemnation, �re hereby nssibned and �
<br /> shaif bc paid ta l.endcr. �
<br /> In�he event of�totul tuking of the PropeKy.thc praeeds shall bc applied to the sums secured by this Security Instrument,
<br /> whether or nm then due, �vith nny excess paid to donower. In the event of n partint taking of the Proparry in which thc fWr
<br /> msu'ket vnlue of thc Property immediately hefore the taking is eqwil to.�r greater than the cur►ount of thc sums secured by this
<br /> Secur�ty Instn�ment intmediately befare the taking.unless Borrower and Lender othenvise agree in wrlting, the sums secured by
<br /> thi5 Secndty in�+itument shnll t►e reduced by the amount of the proceeds multiplied by the following fraction: (a) the tatal �_
<br /> amaunt ot the sums secured inunedintely before the taking,djvided by (b)the fuir market value of the Property immedistely
<br /> bafore the taking. Any b�lanbe shall be paid to Borrower. In the event of u partial wkln�of the Pcopeety in wbicC►:the fair
<br /> murket value of the Property immediately beforo tho takIng Is less thiu►the amount of thc sums secured imJ.tted'e�tely Refore the
<br /> tnking.un[ess Borrower anQ Lender othenvise�grec in writing or unless 2p�s�icnble luw othenvise prv�aides,the Qroceeds sha.i4
<br /> be applied to the sums sac�red by tQis Sc�zr�ty II�sen.iment whetlter or noe ihe su�ns are th�it clue.
<br /> Ef tha Property is abandonad�Oy�onower.or if,nfter nottce by Lender to Borrow¢r tt►at the mndemnor offers ta make an
<br /> aw� ur srttle a ctaini fur dwna�es. Burrower f�ils w�puud ta Lender witliiu 36 days s�i'ter the 8ate the raotice is given. -
<br /> Lemder is authorized to collect and apply the pc�ceeds,at ies option, either to restoration ar repair of t0e Property or to the sums
<br /> seca�red by this Securiry Instrument.whether or r�ot tQten due.
<br /> . iJnless Lender and Borrower otherwise a�ree in writing, any application of proceeds to prieecipal sha10 not extend or
<br /> �pcastpone the due dnte of the rttonthly payments neferred to ia pamgraphs 1 nnd 2 or change the amaunt of such Q��rmeRts.
<br /> A D.I�orcower Noi Released;Forhearnpo�By Lender No!a Weiver.Extens�on of the time for payment or motlification
<br /> 'Gf an�aurt'vadon of ths sums secured by this Securiry Insaument granted by I.ender to any successor in[nterest of Boreower shu11
<br /> not operate w release the liabiliry of the or�ginas 8orrower or Borrower's successors in Interest. L.ender shall not be requized to
<br /> commence proceedings against any successor In interest or refuse to extend eame for payment or othenwise modify amortization
<br /> of the sums secured by this Security Insuuarent by reason of any demand made by the original Bonower or Borrower's
<br /> sucoessors in interest.My farbearance by Lender in exercising any right or recnedy shul9 not be a waiver of or pneclude the
<br /> cx-�ri�.af a�r'sg6t ar r�sncdy. ' . _
<br /> 12�Suocessors and Asslgns B�und;Joint and Several LIability;Co-slg�ters. Tlie eovenants and agre�ments of this
<br /> ' •� Securlty Instrument shall bind aad benefit the suvcessors and assigns of Lendec and Borrower. suQq,jec�;¢o the provisions of
<br /> • � paragkagh 17. Bomower's covenants and agree�ueents shap be,joint and several. Any Borrower wh��+�signs this Security
<br /> '� �'� Ias but dces aot execute the Note: a) is M-si in .•t�eis Securi Inst�ument onl to mort a e; an wmv that
<br /> �'}a�S ( � � �Y Y � g �8� � eY
<br /> Borr�w�r's intecest in the Property under the�exms of this:�uriry Instrumtat;(b)is not pecsonally obligated tm�, y s�e seung -
<br /> , secured by tttis Secudty Instrument;and(c)a�es�hat Lender and any oWer Borrower may agree to exter�d,modi r,�mrbear or
<br /> , ' make any accommod'ations with regard to thQ,tersns of this Securhy Insavmeii�t or the Note without that Baarower's oonsent.
<br /> � • � 13.Loan Cha�eg."If the toan secured by.�his Security Instniment is subject to a[aw which sets maaimure�loan charges.
<br /> and that law is finally interpreteifi so•ihat the inferest�r other loan charges collected or to be collected in connection with the
<br /> laan eaoeed the permitted limits;Q�e�i: (a)any such loan charge shall be reduced by the a�ouat necessary to reduce the charge
<br /> to the peamitted limlt;$ad(b)aay sums alread collected from Borrower which exceeded permitted limn�t�will be refuaded to
<br /> _. Borcower. I.ender�ny choose to n�alae this tefund by reducing the principal awed under the No�e.•'nr�:t�y nsaldng a dir�ect
<br /> payment to BonoNi¢r. If a refiued reduces princtpal, the reduction will be meated as a partial �n�i,gayitie�t without any
<br /> P�Y�t char e�.i�ader the Note. �;• .;;: .� ��. _
<br /> ,R�sB:Notir,�.;t4py notice W Borrower provided for in this Security Instrument shall be given by deliveseq��DH vr�b��mailing
<br /> it by ibtst�lass�nsiiD�.(uiless applicable law requires use of anothec method.'i7ie notice shall be directed tn afiE Ptn�ty Address
<br /> . , or any other actd�tess Borrower designates by �otice to Lender. Any notice to Lender shalt be glve,i►b�r fiist cless mail w
<br /> Lender's address started hereia or siny other gd�lress I.ender desiguates by no�ice to Borrower.Any aotice providod for in thls �
<br /> : Securlty Inshument shall be deemed to have 6zeU given to Borruwer ur Lend�r wiien given as provIded ia ti�is QxragrapU.
<br /> 15.Governing Law; Severubllity. This Security Instrument shall be govemed by federal law aad the law of tho
<br /> jurisdiction In which the Property is lacated.In the event that any pmvision or clause of this Security Instrument or the Note
<br /> conflicts with applicii�le law.such wnflict shall not affect other provisions of this Sacuriry Instcument or the Nose which can be
<br /> given effect withbut the Qonflicting provision.To this end the pmvisions of this Security[nstiument and the Note are declared
<br /> 1 to be severable. '
<br /> 16.Borrower's Copy.lBovJC�wer shalf be given one oonformod copy of the Note and of this Security Instmrnient.
<br /> ' Form��ZB 8l90
<br /> � Papo 4 of 8
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