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<br /> 98_ �a��o;� _
<br /> payment�may no longer be requlred,at the optton of Lender.if mortgnge lASUraace covetage(ia the amount aud for the Qerlod -
<br /> that Lender cequires)provtded by sn insurer approved by Lcttder again becomea available aad is obtnined. Bonower sball pay
<br /> � � the premtwna c�equired ta mairtain mortgage iasurance in effect.or to provide a loss sesecve�unttl tbe requiremenc for mortgage
<br /> fusurance enda in accordance with az►Y wdtten agreement between Bonower and Lender or applicable taw.
<br /> 9,IaspecUon.Lender ar lta agent may make reasonable eateies upon and inapectlons of the Property. Lender shall give
<br /> Borcower notice et the time of or prior to an iaspection spcettyfng reasonable cause for tDe jnspecdon.
<br /> '" Y0.Coudemnatton.Thc praceeds of tury award or claim far dnmages, direct or consequenti�l. in connecdoa wlth auy
<br /> coademnation or othec taking of any pazt of the Property.or for conveyance in lieu of condemnation, are hereby essigned and .
<br /> .� �. sttalt be paid to Leader.
<br /> .� In tb.e avent of a totat taldng of the Property.the pmceeds aha►1 be applisd co the sums secured by this Securiry Iascn�ment,
<br /> whether or aot then due�wlth any excess paid to Borrower. In the event of a partial teking of the Property in which the fair
<br /> • `"�""" aiarket value of the Property immediately before the taking is equal to or greater than the amount of the sums secured bY this
<br /> ' ' Secudry tnsuument immediately before the taking,unlesa Borrower aad Lender otherwlse agree iu wdting,the aums se�ured by E '
<br /> 'r; this S�uriry Insuument ahall be reduced by the amount of the proceeds mnitiplied by the following fractlon: (a)the totaL _
<br /> � amount of the swna secured immediately before the taki�sg, divided by (b)tbe fair merket value of the Property inunediatelY �_-
<br /> � t before the taking. AnY balaace aball be pald to Horrower. In the event of a pardal teking of the Property 9n which the fair �•;,
<br /> s � market value of the Praperty immedi�tely before the taking is less than che amount of the sucas secured immediatelY before the _.
<br /> �' � _`, �. tatdng,ualeas$onower and L�nder otherwIse agree in wdting or unless appliceble law otherwise pmvidea.the proce�ds shn11
<br /> be applted w the suma secured by this Security Insinunent whether or aot the s�ms are then due. —
<br />- " - Ii the Property is abandoned by Borrower,or if,after nodce by L.euder to Horro�ver that the condemnor offers to make an _
<br />=r�. .,`:.::��;�'r; � awaM or settle a alaim for daraages�Borrower faUs to�espond to Lender within 30 days aRer�he dAte the nodce ia given. -
<br /> ' .�.`'' Lender is authorized to coltect and apply the proc.eeds.at its opdon,either ro restoretion or rept�it of the Property or to the sums _
<br /> . � �•:;;Sr,:,
<br />;; _'�,�;:',c;� socured by this Security Insnvment,whether or aot thea due. licatlon af pm�s to principal sh�i n�t extend or
<br /> - h�'' Unless Lender aad Borrower othenvise agroe in wcitiag, anY aPP —
<br /> t„?
<br />;u�,-..: . ` s ne tbe due date of the mont6ly payments referred to ta paragrapbs 1 end 2 archange the amouat of such payments. _
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<br /> • 11.Borrower Not Released;Forbearance By L.ender Net a Weiver.Extenaion of the time for paya�ent or modlticadon �
<br />,�'�'��•� °- � of amortization of the sums secured by this Secucity Inscru�nent granted by I.ender to any successor in interest of Borrower shaU
<br />=_=�:..t..°' not optrate to release the liability of the orlginal Borrower or Borrower's successors ia latereat.Leader shaU not be requirefl to
<br />��•:�,� .
<br /> . t„ corannence proccediags against auy suc.cessor in iaterest or refase to e�ctend time for g�ymeat or otherwise modii�r amortizatton
<br /> '' •:� • of the suma secured by this Sec�rlti► Insuusne�u by reason of any demand made by the original Borrower or Borrower's
<br /> �. K .
<br />�_"�-.-��, ����� � ��ce�,3���}���y right or remeQy shall aot be a waiver of or precludo the
<br />�`�:;i:���':Y
<br /> - � 1 �''�,ti% exerclse of aay dght or nmedy.
<br />_'l ti��.r:.)�r„Y�!i4+'c�y
<br />::��',?°-��:�;,��� 1Z. Susc.essore and Asslgas Bound;Jotnt sud Several Lisbility:Casigaere.Tf►e covenaats end agcaments of
<br />,�,�,����;,,tti`��.,
<br />,;;,:��.,.,•�.�5�. Sxudty Insuumont shaU bind and benefit the successors aad asaigas of I.ender and Horrower, subjax Lo the prov1siona o
<br />'�':"�, paragaph 17. Borrower's covenants and agreements sha11 be joint sud several. Any Borrower who co-signa this Secaricy
<br /> - - — tnstrument but does not exeCUU the Note: (a)is casigning this Securlry Insuumeat only to mortgage, grant aad convey that
<br /> �.'`�,�3ta'".`�'� Borrower's interest ia the Property under the terms af this Securicy InsuuAtent; N) is not personaily obligated W gsy th,�� -
<br /> __°_����� secured by this Security Instrument;and(c)agreE.s that I.eader and any other Sorrower may agree to extend,modify.forbeac�dr
<br /> ��� `��'�'�� make any atcommodatioas with regard to We terms of this Security Iasuument or the Note without that Bon+ower's consent•
<br /> ��:L'�� 13.Loan Cherges.If the loau axured by thle Secutlty Instrutuent is subject to a law which sets maximum loan CkarBe�+
<br />°�'°""'`��'�' ' and t6at law is finally inteipreted so that the iaterest or other loan charges colla�d or to be collxted in connxcion v✓ith tlie
<br />�.:,u,�:._-��-�,.;
<br />�;�. loaa excoed the perinitted limits.thea: (a)anY aucb loaa charge shall be redaoed by the amouai t�essa�Y to reduca the chazge
<br /> -:":',f:.� to the permitood limit;aad(b)any sums al:eadY colle.cted from Bormwer wbich excxoded patmitud limita will be tefltaded to
<br />�"-�`�9�:�'�' Borrower. Lender may choose to matce this reil�ad by redua[ng the principal owed tmder the 1Jot� or by malcing a df�ct
<br /> ��—�.,-� payaoent to Borrower. If a reTvnd reduces prindpal, the t+eduction wW be treaud as a partial P:'ePaymeut without any
<br />�,�,��,i; prepaymeat cl�arge under the Note.
<br />� _��;;� 14.Nntices.Any aotice to Borrower provided for fn thIa Secudty Insnwaeat sha11 be 8iven by delivering�t or by mailin8
<br /> y���y�� lt by first class mait unless appl:cable law reqnires use of aaoWer method.The noticx shaU be directa!to the Propeny Address
<br /> u. . -��� or aay other address Borrower designates by notIce w L.ender. Any nottce to Lender ahall be gtven by ficst class maU w
<br /> �-�; I.enda's addnss stated herein or any other addresa I.ender desl�by nodco to Borrower.Any aotia pmvIded for ia this
<br /> ='"'��'{��� Secur(ty Instrument s6a11 be deem�d to have been given to Boncower or Leadet whea gtvea►es pmvlded in this p�ag�aph.
<br /> __�- 15.Cwvernfng I,aw; 3everabit�ty. Thia Securlty Instcument shall be govemed by federal law aad the law of tho
<br /> " �"'-_'�"�'���,]� jurisdic�toa in which the Pcoperty is located. In the event that aay Provision or clause of this Serurtty Insuument or the Nou
<br /> ---- � given efta.t without the��ic.�ng proviston To�this end ths pmvlsions of this Security Insuument aad the Note an declared
<br /> —=,° --�,� � .
<br />_—=�'�-:;`�� to be severable. .
<br /> °-"�°'�,:s�,� 16.Borrower's Copy.BorroHer shall bo gtvea ane conformed copy o8 the Nou and of thia Secudty Insuument.
<br /> - l��;,'�� Form3 /90
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