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<br />� ' � paymcntti muy n��longcn c�rcNuircd, nt thc option of l.cndcr, if m�rtgugc insurancc covcragc(in thc umount and for thc pericxi
<br />-+���., .,,.. � thut l.cndcr requires)providcd by an insurcr upprovcd by l.endcr aguiti hccomcs avuilublc und is i�btuincd. Borrowcr shall pay
<br /> thc prcmiums rcquircd to maintuin murtgagc insur.mcc in effect,or to providc u loss rescrvc. unti! thc rcyuircmcnt for mortgngc
<br /> insurxnrc cncl,in uccurJ��nco with any writt�n agrccmcnt bct���ccn 8c�nowcr and[.endcr nr upplict�hlc luw. �_
<br />-°r:.. _ • 9, InspecNon. Lcndcr ur its nscnt muy mukc rcusonablc cntrics upon and inspcctions of thc Froperiy. L.cndcr shuU givc
<br />�;. " Borrowcr nnticc at thc time of or prinr tu an inspection spccifying rensonablc cuusc for the inspe�ction.
<br /> 10. Condemnution. Thc pruceeds of'any iiwurd or claim for dmnages, direct or consequentiul, in connection with uny
<br /> ` condemnution c�r other tuking ��f any part of the Property, or for conveynnce in lieu of condemnution, are hereby assigned und
<br /> shull bc puid to l.cndcr.
<br /> i In the evcn���L u total taking of the Property,the proceeds shall be applied to the sums ticcure<i by this Securiry Instrument,
<br />�'4 , • whethcr or not then due, with any exccss paid to Borrower. In the even[of u pactial taking of the Property in which the fair
<br /> ' � murket value of thc Property immcdiutcly hefore the tuking is equal ro or grcater thun the amount of the sums secured by this
<br />- Security Instrumcnt immediately beforc the tuking,unless Barrower and L.endcr otherwise agree in writing,the sums secured by
<br />_ . this Sccurity Instrument shall be reduccd by thc amount of the procecds multiplied by the foUowing fraction: (a) the total
<br /> = ' `'� amount of the sums sccured immedintcly beforc thc taking, divided by (b) the fair markct valuc of the Property immediatcly
<br /> i. - �.
<br />—�. !;;��:?a beforc the taking. Any balnnce sl�ull be paid to Borrower. In the event of a partial taking of the Property in which thc fair
<br /> M '�`Y '� market value of the Property immediatcly before thc tuking is less than thc amount of the sums secu►•ui immediutely befarc thc
<br />��`��''`+�; tuking, unless Horrower nnd I..cndcr othcrwise ugrce iri writing or unless applicable law otherwise provides, the procecds shnll
<br /> ;,..
<br /> • �', be applied to the sums secured by this Security Instrument whether or not the sums are then ue.
<br />�.rr<;;.�r If the Property is a6undoncd by Borrowcr,or if,after notice by I.cnder to Borrower thut the condemnor offers to make an
<br /> �_:•.
<br /> � award or setNc a daim for damagcs, Bormwer fails to respond to I.cnder within 30 days after thc date the notice is grven,
<br />� I.ender is authoriud to collect and apply the procceds,at its option,eitlier to restorutian or repair�f the Property or to the sums
<br /> ' secured by this Security lnstrument, whether or not then due.
<br /> • ' Unless Lender und Borrower othenvise agree in writing, any application of proceeds to principal shull not extend or
<br /> -*�' ` `� 't`-� postpone thc due dute of the monthly payments referred to in paragraphs I und 2 or change the umount of such payments.
<br />_-:���• •.� 11.Borrower Not Released; Forbearunce By Lender Not a Wuiver. Extension of the time for payment or modification
<br /> �_,.'., `,`,•, .
<br /> �•� of umortization af the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrawer� a
<br />*6%`''' �, not operute to rclease the liability ot th�originai Borrower ar Borrower�s tiuca:.�sura in iuia�dat, Lcr�der;h�att r�ai b;,r.,:�uir�!io
<br />���'��±�'';� commenee prur.eedin�s against any suecessc�r in interest or refuse to extend time for payment or otherwise modify amorti•ration
<br /> :;,�.
<br />;, ' of the sums secured by this Securiry instrument by reason oi uny demand mude by the origii�al Borrower or Borrower's
<br /> ; ' successors in interest. Any frnbcaruncc by L.cndcr in excrcising any right or remeciy shaU not be a wuiver of or prccludc thc
<br />�-' ' exercise of any right or remedy.
<br />�i=u�� •� "., • 12. Successors and Asslgns Bound; JoMt and Severel Lisbility; Co-signers. The covenants and agreements of th:s
<br />�1'�£��..._��x,�.
<br />_ --„� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions o
<br />�:•�-R��s•F•. paragraph 17. Borrower's covcnants and agreements shall be joint and several. Any Horrower who co-signs this Security
<br /> `-y''�' Instrument but does not execute the Note: (n) is co-signing this Security Instrument only to mortgage, grunt and convey that
<br />�,.� ...,µ
<br /> _,:,6�,n.� Borrowcr's interest in the Yroperty undcr thc tenns of thi:• Security InstNmenr, (b)is not personally obligated to pay the sums
<br /> T���•w-.,. secured by this Security Instrument;and(c)agrees that Lender 1nd any other Borrower may agree to extend, modify. forbeur or
<br /> rrrux�
<br />�F_::`��_�.._ mukc nny accommodations�vith rc�ard to the ternis of this Security Instrument or the Note without that Borrower's consent.
<br />��''=�' `� ' j 13.L,oan Charges. If thc loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> _'�'`-�`-''° and that law is fuially interpretecl so that the interest or other loan charges collected or to be collected in connectiun with the
<br />� �MT,.':�;i
<br /> " ` loaa exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> . to the pem�itted limit; and(b)any sums nlready collected from f3orrower which exceeded permitted limits will be refunded to
<br />-'.;�� � '1 Borrowcr. L.cnder may choose to makc this refund by rcducing the principal owed under the Note or by making a direct
<br />--�"'�`�� � payment to Borrower. If a refund reduces principal, the raluction will be trr.ated as a partial prepayment without any
<br /> _„ �;- ;.� .
<br />__-- ��_::'�- prepaymcnt chargc undcr the Note.
<br /> �°� ;.
<br /> ,'•- � 14.Notices.Any notice to Borrower provided for in this Security instrumcnt shull be givcn by delivering it or by mailing
<br /> --'�'��"•:, r. it by tirst cl�ss mail unlcss upplicublc law requires usc of anothcr method. Thc notice sliall bc dirccted to the Property Address
<br />� � � or any other address Borrower designutes by noticc to Lender. Any notice to Lender shaU be given by first class mail to
<br /> I,�ndcr's address statcJ hercin or any othcr address Le�nder designates by notice to Borrower. Any notice provided for in this
<br /> =,� Sccurity Instrwnent�hxll bc dcemed to huvc becn given to Borrowcr or Lcnder when given as provided in this paragraph.
<br /> � 15.Govcrning I,nw; Severability. This 5ecurity Instrumcnt shall be govcrned by fccicral law and thc law of thc
<br /> jurisdiction in which the Property is located. In lhc cvent thut uny pro�ision or clausc of this Security Instrument or the Note
<br /> � cunflirts with appli�ablc law, sunc �onFlict shuU nnt affcct othcr provisions cif this Sccurity Instrumcnt or thc Notc which can be
<br /> �iven effect without the rontlicting provision. To this end the provitiions af this Security Instrument and the Note are declared
<br /> to hc�everahlc.
<br /> 16.Eiorrowcr's Copy. Borrowcr shall hc given onc conf'ormcd copy of thc Nutc and of'this Sccurity InStrumcnt.
<br /> Form 3028 9/90
<br /> Papo a of C
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