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<br />-�;�.,�;}�, . payments moy n�longcr bo rcquircd,at thc opUon of l.cndcr, if mortgngc insurancc cnvcrage(in thc nmount and for thc pericxi
<br /> ,.,., , � f that l..cndcr rcquires)providcd by un insurcr approvccl by Lcndcr u�uin bccomcs uvuilablc und is obtaincd.Borrowcr shall pAy thc �
<br /> .,.�tiv;.•;, prcmiums rcquircQ ta muintain monbagc insurancc in cffcct, or w providc a loss rescrvc, until �hc rcquircmcnt for mongagc
<br /> '' �� � insurance ends in accordance wilh any written agrcement between Bonower and Lender or upplicr�ble law.
<br /> , .' . 9,inspectk►n. Lender or its agent may mako reasc�nable envics upon und inspecUons of the Prajx:rty. Lcndcr shall givc
<br /> � porrowcr noucc at thc umc of ar prior to an inspccunn spccifying rcusonablc cuusc for�hc inspa:tion,
<br />`'��+'�•:=•3; I 10.Cnndem�natbn. Thc procccds of any awsvd or cluim far ctumagcs, dircct or conscyucntiul, in conncctian with wiy
<br /> =,���:•ti.;� •
<br /> condemnution or othcr tuking of any part of thc Fraperty,or for convcyancc in licu of condcmnation,urc hcrcby assigncd and
<br />-- ..,�;� shnll bc puid to I.cndcr. `
<br />�"�' !n�he event of a total tnk±ng af the Propeny,�he procccds shull be upplicci to the sums securec! by this Securiiy Instrument,
<br />_�-�-� whcthcr or not thcn dua,with any cxccss paid to Borrower.In ►.hc cvcnt of u paruul tuking of 1hc Propcny in which thc fair mnrkct
<br /> -_,_ , vnlue of thc Pto{x:rty immcdiatcly L�cforc thc taking is cyual to or grcatcr than �ic anount of thc sums sccurccl by this Sccurity _
<br />- ;�f�. insvumcnt immcdiatcly bcforc thc taking, unlcss Borrowcr and Lcndcr otherwisc a�rcc in wriung, thc sums sccurod by this
<br />-:::.,� • Securiry Insvument shall bc;reduced by Ihe smount of thc pracecds muluplicd by the fallowing fracdon:(a)the total amount of
<br /> �:,:;�.�; tF►c sums sccurcd immcalia�ly beforc U�e taking,divided by (b) thc fair markct valuc of thc Praperty immcd:atcly bcforc thc
<br /> �;.��:,;s;4°• Wcing.Any balance shell bc paid to Barrowcr.In the event of a partial taking of 1he Property in which thc fair markct veluc of 1hc
<br /> ��..�;7';�;a, . Praperty immcdiatcly bcforc the taking is Icss than thc aznount of thc sums securcd immcdiatcly beforc thc taking, unlasa
<br />-:�'��.�s` , Dorrowcr and Lendcr o�hcrwisc agrcc in wridng or unless applicablc law olherwise providcs,thc procceds shaU bc:upplicd to thc
<br />`'�'�, ���`�F sums sccurcd by this Saurity Instrument whethcr ar not tt�c sums arc thcn duc.
<br /> :-__.1Yr^:E�
<br />- -_-,-_,,,�„ If thc Property is abandoncd by Borrowcr,or if,attcr noucc by Lcndcr to Bnrrawer that thc condcmnor ntfcrs tr�maicc an
<br />�=��� award or sculc a claim for damegcs,Boaowcr fails ta respond to Lcndcr within 30 days aftcr thc datc thc nodcc is givcn,Lcndcr
<br />--:5°'%�„r-�: is authorizcd to callect and apply ►hc procccds,at its opaon,cithcr to restoration or rcpair of[hc Property or to thc sums sccured -
<br />__`t'�' �'� by this Sccurity Instrumcnt,whcthcr or not then duc.
<br /> -' �'' :;� Unless Lender and Dorrowcr othcrwisc agrcc in wriung,any npplicadon�f proccccls to principal shall not cxtcnd or postpone
<br />=_=?-� thc duc datc of the monthly paymcnts rcfcrrcd to in paragraphs 1 and 2 or changc thc amount of such paymcnts.
<br /> :�:;�. 11.Dorrower Not Released;Forbearance By Lender Not A Waiver. Extension of the ume for payment or modification
<br />`""F�'��'�'`� of a�norti�ation of the sums secured by this Sec:urity Instrument granted by Lender to Any successor in interest of Borrower shall
<br /> --_'°"� not opernte to releuse the liebility of the original Borrower or Borrowcr's successors in interest.I.ender shall not be rcquired to
<br /> _���;-..p� commence proceeclings against any successor in interest or refuse to extend pme for pa,yment or oUierwise modify amortizadon of
<br /> the sums secured by this 5ecurity Inswment by reason of any demand made by the original Borrower or Borcower's suceessors
<br /> •-��,,.� in intcres�/+ny farbcarancc by I..cndcr in exercising any right or rcmcdy shall not be a waiver of�r preclude the exercise of any
<br />_- � -� right or rcmedy.
<br /> -� ii,�uccessors And p►ssigns naund;.ioini xnd �eve�ai i.iauiiiiy; �v-sig�.e�s. Th3 �ovcrartw a:w �gs�m�als ef !his
<br /> _ �,�, Security Instrument shall bind and benefit the successors and assig�s of L.ender end Borrower, subject to the provisions of
<br /> —= pazagmph 17. Horrowcr's cavenants and egrccmcnts shall bc joint and scvcrTl. Any Borrawor who co-signs this Security
<br /> Instrument but dcx:s not execute Ihe Note: (u) is co•signing thls Security Inswment only to mortgage, grant and convey that
<br /> ��- Borcowcr's intcrest in thc Property under the terms oF this Security Ins�mcnt;(b)is not personally obligated to pay the sums
<br /> '� sccueed by this Sxuriry Insuumcnti and (c)agrces that Lendcr und a��y othcr Borrower muy agrec to extend,modify,forbesu or
<br /> - makc any accommaiaUons with rcgard to thc tcrms of this Sccuriry Insttument or thc Notc without thut Horrowc,r's censcnt.
<br /> - 13.Lown Chprges, If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> -""� and that law is finally inte�reted so that the interest or other loan charges callected or to be collected in connecdon with the loan
<br /> --- cxcccd thc pennittcti limits,thcn:(a) any such loan charge shall bc rcduccd by thc amount necessary to rcducc ihc chargc w thc
<br /> permiucd Ilmit;and(b)nny sums elrcady culk;ctat from Borrowcr which cxcccdcd perr!iittcd limits will bc rcfundcd to Borrowu.
<br /> Lender may choose to mtdcc this refund by rectucing thc principal owed undcr the No�: or by making a d'ucct paymcnt to �
<br /> Borcower.If u reiLnd reduces principal, the rcduction wtll be trcated as a piutiul prepayment withoui any prepayment charge
<br /> �---�—� undcr thc Notc.
<br />- 14.Notices. Any nouce to norcowcr providcd for in this Securiry Insirumcnt shnll bc given by delivcring it or by mailing it
<br /> �-�-- by first clacs mvl unless applicabie law requires use of another method.The nodce shall be d'ucxted to the Prnperty Address or
<br /> �„� any othcr adclress Borrowcr Jesignatcs by nodce to Lcnder. Any noticc [a Lcndcr shall bc givcn by firsc class mail to Lcndcr's
<br /> - ---- address swted herein or any other address Lender designates by nodce to Bonower. Any notice pravided for in this Socurity
<br /> ��� Instnimcnt shall bc dcemcd to have bccn given to Borrowa or Lcndcr whcn givcn as providcci in this pazagraph.
<br /> !S.Coverning Law;Severability, This 5ccurity Instrument shall bc govcrncd by fcderal Izw and thc luw of thc
<br />- '-"'��� jurisdicdon in which thc Property is locatcd. In thc cvent that t►ny provision or clausc of this Sccurity Instrumcnt or thc Notc
<br /> ',_,-_.r��� conflicts with applieable law,such contlict shall nox affect other provisions of U�is Security Instrument or the Note which can be
<br />_,�,,�;;��.` given eff�xt wid�out the contlicung provision.To this end the provisiuns of this Security Insuument and the Noto aze declared to
<br /> .-'•:"'t:?":., . bc scvcrablc.
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<br /> . Form��20 9/90
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