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`� �" - : ��,.�•�. . „. . ., . _,., -: . . ..._�� -- -- -�-•------ --•�---------�------ . — �..�j:,a.n,.---A.- - ,-- i� - ,i�J.� . . �� - i..r ' ,y. �e•,1..�•_ . ��A� W�C�m��•., , • . � . - � . .. .. .._. _ . .— -_ ... y .. . ... ,. . .. .. . �"'Y:._ .. � ` `-_: � � _ ii45�22 �.�.�.. p�Ymeate n�;ao lon�or be roqulre�.Rt the opticm of Lender, if mort�R�e ineurw�ce coven�e(ia�imnunt aad for period ��.� ' � thst T.endar requires)provide�i by an iaeuror�ppe'oval by I.ender a�+�in becamee�vpil�ble und ie obtained. Borrower ehrll p�y the promivane toquired to maint�in mort�a�e in�tronce iu effxt,ar to provide�loee reecrve,until the requiromeat for mort��Qe u ' ineuru�ce ends in�ccordu�ce with u►y written s�rarua►t betw°°^B°m°wer and L�a�der or applicable law. "' y. impecdon. Lender or itn aaent may m�lce rersanable ent�ia upon�nd itupectione of We Propedy. I.e.�der eh�ll�ive . � B�rmwer aotice�t the tia�e pf or pdor w�n inspection specifyin�reiuon�ble cauae far the inepectlon. . _ 10. Condemrwtian. The praceeds of wy�ward or claim far d�nu►�a, direct or coaaequeatid� in coanxtton with�ny , • condarnnRtion or other ukin� of�ny{wrt of Wo Pcoperty,or for conveyance in iiw o f con demaa t ion, sro henb y�esi y aed a►d �. �': shall be p+�id to Leodor. � In the eveat of a Wtal takin�of the Property�tho proceede ehall be�PPlied to th°sum�'eecw�l by tble Security Instrument, ' tn which the ftit �""'� whether ur not then due, with�ay eaceas Mid�°B°n°�"'er. In the event of t pattial t�JCinB of the Pmperty ' ',"''""""� market value of the Propercy immedietelY before tho Wdn�is equal to or�reater than the�mouat of We sume saured bY thie Securiey Instrument iaunadiately beforo the t�kin�,ualese Borrower and Leader othc�iwieo��ree in writinQ� the suim eecurod by t tlus Socurity Instrument stuil ba reducod by We amouat of the proceeda multiplled by the followin�fracdon: (a) the tohl - aawunt of the suma eecured immedittely befon the takin�. divided by(b) tha filr muicet vdue of tbe Property immedl�tely befora the t�lcing. Any bnl�nce sh�ll bo paid to Borrower. Ia the avent of�t p�rtia taking of the Pmparty iu which the fair mxrket valua of the Property imrnedi�tely before the takin�ie lese t}un tha�monnt of the sums securallma�ediRtely bofore the � '�� taking, unlese Borrower ond I.eader ot6eiwise a�reo in writing or unlcss appllcable l�w othenvise provides, t}►e proceocle shoA ., � ba applied to the sume securad by thie Security Inatrumeat whethar or not the suma are thea due. If the Praperty is Rbandoaecl by Borrowar,or if,�►fter notice by Lender to Borrower thRt the coadetmor offare to malce�a . Award or settle a claim for dou�u�as� Borrot�'er fails to respond ta Lender wltbin 30 dsya ntter tho dRte the not�ce ie given, �u � Leader is authorizecl to collact Rnd apply the proceais,at ite option,either to reswntion or r�ep�ir of the Property or w the eume � secured by this Sdcurity Instnunent�whether or not thea due. �� eb�ll pot extead or iJnloss Lender wd Bonower otlnetwisa s�roe in �'�'n�u►S� �°Y +�PPlication af proceade to p ' W pastpoae tha dua dxte of tha monthly paymoate mfernd to iu parn�r�Phe 1 nnd 2 or chanYe the unouat of euch paymeata• �'. 11.Borrower Not Released;FQrbeprarxx By Lende�'Not a Waiver.Eatweion of the time for p+�yment or modification of amortiuxtion of tha sums sectued bY thie Sacurity Iastniment gtantecl by I.endar to�ny euccessor it►iarorost of Borrower sh�ll �, not operata to release the liability of tho origind Borrower or B�rrower's succes9ore in ir►terest.Lender ehall not be reqiiinxl to comrnenca proceedings�gaiast nny succe.ssor in intareat or refuse to eatend time for p�ym�nt or otherwieo modify�trnoRizatioa '� of tha suma secured by thie Security Instn►meuc by re�son of any demand m�de by the ori�inal Bue'rower or Borrower's '„ _�4!" successors in interest. Any forbexrauce by I.ender in eaercising anY ri86t or remedy ahall not ba�waiver of or proclude tha � exercisa of Aay right or remady. Tpe covenRnts md � meate of this '� � 12. Successors and AssiBns Bou�d; Joint and Several Liability; Co�signers. 8ro6 Security Instrutneat shall bind and benefit the successors and assigns of Leader aad Borrowar, subjxt to the proviaioas of pAragraph 17. Bonower's covenants and agreemeata shall be joiat and several. Any Borrower who co-ai�na this Security Instrumsnt but does not axecute Wa Note: (a)ie co-siBninB thie Security Inatntment only to taort�aSe�Srnut wd coavoy tlut m ' Borrowar's interast in tho Propeety onder tho terma of thi�Sacurity Instrumeat;(b)is not personally obGgated to Wy e sums -.. sxured by this Sacurity Instn►m�at:and(c)agroes th�t Lender And+uiy other Borrower may agrea W extead.modify,forbear or mn n malce nny aceommodations with re��rd to the terms of tlua Saeurity Insteument or the Note witbout that Borrowar't eon�ent. 13.Loan Ct�arges.If tha loan se�oured by thie Sxurity Instrument ie subject to a I�w w6iah eets mu�imum�wm c1�ar�ee, ortd that law is finally interpreted so Wat the interoet or other loan charge.v collectod or to ba collxted in connec�ion wiW tLe ° lou►excead the perautted limits,then: (a)nny such loan charga shall bn reduced by We amouat necessuy to rednce the clur�e - .. " to tha permitted limit:and(b) nnY suma�lready collocted from Bocrower wluch exceeded permitted limite will be refunded to Borrower. I.endar m4y choosc� to maka thia rofund by reducing the principal owed w�der the Note or by m�3cin� a direct - m s • payment w Borrower. If a rofund reduces principul, the reduction will be ::e:tod +u► n Partisl Pre�Ym�t ��out �wy � prepaymenc chArga under the Note. � ,�! 14.Notices.Any notice to Borcowar providad for ia this Security Instn�ment shall ba givea by delivering it ot by mxili�g � it Uy first class mnil unless applicxbla law requirea usa of anothar meWod.'fhe aotice shall be directed to the Property Addreae ,�. or any othar address Horrowar designates by notice w Lender. Any aotice to Leader shall be Yivea by first cltse mtil to — Leadar's address stated herein or any other addresa I.endar desigaAtes by notice to Borrower. Any nottce provided for it► thia " Security Instrument shall be deemad to havo baen given W Borrower or Leader when given as provldad i�►this Wngraph. ___ . t �,. 15.Gaverning Law; Severability. This Security Instrument shall be govemed by feden�l ltw �ad the l�w of the �-- � � jurisdiction in which the Property is�ocatad• in the gvent thAt any pmvision or clausa of this Socurity Insttumeat or the Note ; conflicte with Applicable lAw,such conflict ehall not affect other provisions of this Security inatrutaent or the Note wlrich c�un be given effect without the conflicting provision.To this ersd tha provision�of this Sacurity Instrumeat and the Note aro daclual . to ba seveinble. 16.Borrower's Copy.Borrower shall ba given one conformed copy of thd Noto and of thia Secwity Instrument. . Fam 30�E 8180 ��BRINEI�o��s�.oa vp.4 0�e �N"� y�'� . J -- __1 � � . , i 30204.frm 12/96 � ; I I I