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<br /> � payments may,no longer be reguinad,at We option af lxader,if mortgage inswance ooverage(in the aznonat and for the periad
<br /> that L�nder requjses)Provided by ctn insucer appmved by Le�der again becomes avafiable a�is obiait►fid.Botro�ver stmli pay
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<br /> , �. the premiums requi�ed to�naintatn mortgage iasuranoe In effecf,or w provide a loss ressrve.until r9s requiremeat for mortgage 3
<br /> ' inswrance e,�ds in socordance with any writtea agreemeut betweea�oicoarer�d Lender or applica6te lasv. . �'�`
<br /> �> - `�_<= . ��.-.
<br /> _.� `��.�` ',� � 4.Inspectton.Leader or its agent may aa�aake ceasonable eatries eipon and inspectians of the Fxopeny. I.euder shai!give ._�
<br /> - ` 8orrowet notice at the time of or prior ta an inspeckon sgertfying reasonable cause for the inspection. :
<br /> : �`���`' 10. Coademnation.'ihe pr�s of any awatd or el�im for darmages,dirsct or tonsequetrtial, in ooaaection with any °`
<br /> �-; � - �=�� � condemnalion ar oiher taldng af any part of the Properry.or far ca�tveyance in lieu of coadems�ation,are hereby assigned and ---:
<br />- ���� shall be paid co I.�eader. �-� :
<br /> . '���...•:':'. �,....
<br /> � ' In the event of a totai ta�dng of the Froperty.the pmcecds shall be�pti�to the sums sec�ued by this 5ecuFity InsUn�meens,• . �,::,
<br /> . . ,:. ..'.� whether ar not then dve,wit�.any exces's paid to Borrower. In the event af a partial talQng of rhe Property in which the fair �.-
<br />_ ` " .;-;•• . t. market vatnc of the Pr+operiy hnmediatciY before the taldng is equal ta or greater than the amouat of thc sums secvted by this �
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<br /> :. � � •Seea�rity Inst�maent immediately before the taldng,unfess Borrower and Lender otherwise agrce in arritiag,the sums s�by �' ,
<br /> i.-. . � this Seauity Instrument shall 6e re�ced by the amvunt of the proce�ts muldplied by the foliowing fracUion: (a}the total �,�
<br /> �,;."p;;, "' ' amaunt of the sum�secured immediatelY before the taking,d'ivided by(b)We fair market vatae of the.Property immedi&tely _ -
<br /> _ :.:�n _ before the takin�. My balaace.shall be paid to Borrower. In the eveat of a partial taking of the Property iu wiuch the fair �'$
<br /> - . • . , �";t`` markei valtte af the Property immediately before the taking is less tban t6e amount of the sums se�ured immediatelY 6efore the �•
<br /> � - taking,unless Borrower and Lander athernvise aSree In avritaig or�mIess applicable law othe�u+is�provide�.the pr�s shall ��c_'�': .
<br /> ,. _� •4. ' . . �t�'�T�..
<br /> ;::,': '.`` ,; .,,� ise apPlied to the sams secured by this Se�rity Instrument wh�her or aot the sums are thea�due.
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<br /> �. :: ., .� '� �,. • If the Property is abandoned byBornawer.or if,after notice by Lender to Borrower that the condemnor offers to make an _,:.
<br /> . ." ��,„`"'' award or settle a claim for damages.Borrower fails W ond to Ixnder within 30 da s aftes the date tfre nntice.is ven. '�
<br /> �; ,:, resA Y � ��..��
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<br /> . Lender is anthori�d ta collt�t and apply the proceeds,at its option.either to resWratiort or repair of ttie Property or W tAe sums �:.,.,
<br /> � •' • • ' secured by this Securiry Tnsorument,whether or noi then dne. '�`�;
<br /> = � � Unless I.e,nder and Bosrower osherwise agree in writing, any apPli�+tion of procads to priucipal sha11 not�extend or �.;,.,
<br /> �•�.� • .A� • postgone the dae date of tfie monthlY payments referned to in garagrapl�s 1 and 2 or change the amount of such payntents. ;. °='
<br /> °� ' ll.Borrower Not Released;For6earance By IRIIder Not a Waiver.Exteasion of the time for payment ar modification �_;;
<br /> 's:'I - - -- .;: of amor[i�arion of the sums secuned by tbis Security Ipmument granted by Lender m any snocessos in iuterest of Bomnwer shall �,,"'_�
<br /> ��:.�.:�^' . �.',.-�.' f not operate to release the liability of the 6rigival Borrawer or Borrower's sicccessora in u►teres� I.ender sha11 not be reqaired to Y�-=�
<br />�s��..'•:' , commence proceedinSs�St anY svccessor in interest or refuse to extend time for payment or otherarise modify amorti�ation ��._ ,
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<br /> � •,.; ��:.,' •.': ' af thc suma 3� by this Security Instn�ment by reasan of any demand made by the original Bomnwer or Borta�wer's -
<br /> �; `. ,::. '-:'�,��: . •;`� ' successors in interest. Auy for6earance by Lender iw exerci�ng any right or remedy shall not 6e a waives of or�=eelude the «- _
<br /> ;�� , , ., exercise of nny right or remedy. �y�-
<br /> ' ' � 12. Succes�ors and As�igas Bound; Joint and Several Lia6Wty; Ca�signers. The covenants and agreeme,nts of this -
<br /> .=r��."�. 1 Security Instramert sha11 bind�a�!benefit the successors and assigns of Lender and Borrower,subject to We pmvisions of �`"-`_
<br /> y.. • .�''JP`;� paragrr�ph�l7. Borrower's covenan3 and agreements shall �:.joint and several. Any Borrower who ca-si tivs S�cnrity E{'`
<br /> 8 � � . �;. :�.
<br /> s'� �. .. �� ' � Inswment Qut does noi execute t��Note: (a)is co-signing�his Security Insttument aaly to mortgage,grant and convey thai � ___
<br /> . Borrower's interest in the Property under the tem�s of tius Security InstNment;(b)is not personally e�3igated to pay the sums .� �-;.
<br /> � . secured by ttvs 5ecurity Instrument;and(c)agrecs that Lender and any other.Borrower may agree to e�ctend,modify.forbesr or� �y_�
<br /> " ' � � � . make auy accommodatious witb regani to the tem�s of this Security lnsuutnent or the Note without that Borrower's censen� • "-
<br /> � � � 13.Loan Cl+atges.�If tiia toan sea�red by this Security Instrument is subject to a taw whicb sets maximum loan charges, �:.`�
<br /> �• . �.�"'.
<br /> ' ' �• and that law is finaldg interpreted so that the interest or other loan charges coltected or to be coU4ete+i in connection with tfie ' �;-�=
<br />��C,.: • ° � loan exceed the perrsritted lunits,then: (a)tsny such loan charge shall'be reduced by the amount necessary w�reduce the charge �,_:_
<br /> � to the pemtitted limit;and(b)any sums already collected from Borrower which exceeded pemutied limits wi116e refunded to --
<br /> � ,��,r ' '� ! B�rrower. Lender muy choose to make t}US refund hy reducing the principal owed undet the Note oc by makino a direcx �_c�••.
<br /> '�' • � � payment to Borrower. If a refund reduces principal. the reduction will be u�eated as a partial prepayment arith�ut any �- ,
<br /> �t.. . �, ....
<br /> . � � . • . prepayment charge�nder the Note. . ��-
<br /> '•��'.:. �� . 14.Notices.Any notice to Borrower provided for in this Security Insm�ment shall be given by delivering it or by mailing �,...,.,
<br />�°�,a. ;;,���,. ,� � • it by first class mail unless applicahle!aw requires use of another methad.7'he notice shall be directed to the Property Address
<br /> ` � or any other address Borrower designates by �otice to Lender. Any notice to I.ender shall be given by first class mail to � '3.
<br /> i;:'� . . .. .
<br /> Lendxr's address stated herein or any other address I.ender designates by notice to Borrower. Any notice provided for in this � _
<br /> �'��"�u . Securiry Instrument shall be deemed to have 6een given to Borrower or Lender when given as provide�in this paragraph. -_
<br /> 15.Governi� Law; SEVerablltty. This Security Iastrument shz:} be govemed by federai law and the taw of the
<br /> � .`. . . ' ' � jurisdiction in which the Property is located.In the event that any pror-ision or clause of this Secu:ity Instrument or the Note
<br /> :',�.;�••• . conflicts with applicabie law.such conflict sha11 not affect other provisions of this Security Instniment or the Note which can 6e�
<br /> .� '' ' � • :: given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note a.re declared '
<br />:;"�•�� ��� .. to be severable.
<br /> ' � . ', l6.Borrower's Copy.Borrowcr sha}I be gi�en one conformed copy of the Note and of this Securiry Instrument.
<br /> 3 � . . Form 3U28 9/90
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