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<br /> ' ' p�J+mEnts may rto longer bz required,at the option af Lender. if rtcortga�e insurance caveragc lin the amount and for the period �
<br /> that Lender requiras)provi@ed by an insurr approved by 1.$ndcr again hecomes available and is oMairted.Barro�ver shall pay � �
<br /> the premiums requiraS to maintain mort�age insurance in effect,or to providr a los�re+ene.unti!tlie requirement for mort�age _
<br /> ' in�urance ends in accordance�rith any�yritten agreement beri�veen�orro�rer ursd lxnder or applicable la�v. � __
<br /> � 9.Yarspectfen. Leader or its:�;eni may make reasonabte er:�ri�ugnn and ins�ections of the Prop�rty. Lender shal!give � -
<br /> � ;-`. Bor*oiver nouce at the timz of or prior to an inspection specifying ressanable cause for die inspection.
<br /> .' . ;f,, 10. Candemnatdon.The procceds of any award or claim for damages. direct or mnse�aential, in connection with any �
<br /> � 5 condemnaiion or other taking of any part of the Property.ar for conveyance in 1'seu of wndemnarinn,are hereby assigned and _
<br /> � shall be paid to Lender. � =
<br />' �. . �� In the event of a total talpng of the Progerty.the procx�ds sha11 be appfied to the sums secure�by this Securiry Instrum�nt. � �
<br /> . .. �•; _
<br /> whether or not t hen due, wi t h any e x c e s s p a i d t o B o r r o w er. In the event of a partial takeng.of the Propzrty in�vhich tre fair
<br /> �� marlcei valuc of the Progrrry isnme�iatefy b�fore the takin�is eqsaal to or greater than the amount of the sums secured by this
<br /> ='���� gecurity Instrument immediately befo;e the taFdng,unless Barrow�r and l�ender otherwise agree ia writing,the sams secured by
<br /> . ' � this Security Instrument shall be reduced by the amount cf. he pmceeds mnitiPl►ed by the foliowing fiactio�: �:�3 �e total
<br /> . amc.,,J',c#the sums secured immedia¢ely tsefore the tai�:�. •�^.'.3�1 ioy(b)the fair market value of the Prerw�.z�-rn�iately
<br /> �.. .. 4 , gaid to Bar;,s�+w. �.:.i��r'�r.v a partial talung of the Prapett;• �i. v-:�i:^.���� `::r
<br /> •r, -�: �;,.r:,,,•;� -r-...,.�y balar.�s:aU be
<br /> . , � � :�.:�.
<br /> ��is�y j`"o �.L"'•F:3'.:�.aS�i'�^�pC0�21'[}t:,'�,+'1P".�'.if'.«;�T`�rY:I'.%`=a:=:L..'�;;;"';s'=�"sr,.+.�i�amount of the sutns s�cured im�:a...'G�:9:�'�°J3x:?'r t�aC
<br /> -_.�y�;;',<`��`�r� r,;J.a`r,t :...-dess Borrower and Ler.*i..''r otherwise�.�::����='�L��r unless applicable la�v otherwise provides. di:�a7:�r.,�s shall
<br />��;�^+^'�' '�F LEd to tiie sums secured b this Sscurity Instniment�:Tzether or not the sums are then due.
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<br /> �.•„a:•y �� If the P�+ogerty is abandoned by Borrower.or if,after notice by Lender to Borrower that the condemnor offcr�to matce an
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<br /> '�::• award or seitle a claim far damages. Bonovier fails to resgond to Lender r�ithia 30 days after the date the notice is gaven,
<br />�F�.��_;� Lender is authorized to collect and apA�Y��Piac�s,at iu aption,either ta restoration or repair of the Property or to the sums
<br /> -==��`� secured by this Security Insirument,whether or not then due.
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<br />°��•���' • U��lcss Lender nnd Burrawer oihenvise agree in writing. any applicatioi�of pmcecds tn principal shall not extensi ar
<br /> °`'��`,'T" �ostpons the due datc of the manthly payment.r•referred to in parsgrnphs 1 nnd 2 at�h;uigc the amnunt of�uch paymenu.
<br /> �`�'��='�'� 11.Borra��es Nnl Edelcascd;Forbearance�y i.ender No!o«$t�•cr.�xten�.iuu��f Ihe tisr,c far pay►nrait ar rttu�ifica�ion
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<br /> r;:F,� af mm�ttiratius3 af thu nt�����.,ecarecl by this Sccurity Instrument�r,�nied by Lender to nny successor in inter�st� rrower s
<br /> -�L;4:�� nol oper.itc to rcicstir 1fn liabillty nf thc ori�inal�nnowcr or 9urruwcr's+ucccslnrti in irttcrc.�t. Lender r;haU aot he requircd to
<br />-rT;� comrttencc Qt�s�eedingy ngain;t any+,uccessor in interest or refuss to extend time for payment ar o9herwise�nadify�ntorti�.�tion
<br /> � of the sums s^.cured by this Security ln`srument by rea.�fln o4' uny dema�td made by the original Borro�ver or Borrower's
<br /> - �-��. ' suce�ssars in interest. Any forbearance by [.ender in exercisin� uny right or remedy shall not be a waiver of or preclude the
<br /> - _n'r exerci5s of any right or remedy.
<br /> -'�"--� 12. Succcssars and Assigns Hauad;doint aad SQV�ral LlabilIty; Co-stgaers.77ie covenanu and agmeritents of this
<br /> �.��'�=�''�' Security Ins tru m e n t s h a l l b i n d a n d t s e n e f i t t h e s u c c e s s o r s a n d a s s i g ns of Lender and Borrower, subject w ttr.pmvisions of
<br /> —- ==:�
<br /> ___ __:� paragraph 17. Boerower's covenn�rts and agreemenu shall be joint aad several. Any Borrower who co-sigess shis Secunty
<br /> -- �-� Insnument hut daes na2 exetute the Nate: (a)is ca-si�ning this Se�urity Insavment only to mort�age, grant and c:otrvey that
<br />,_��;���=�_�� Borrower's ir.terast in t he P r ope rt y un d er t h e t e r m s o f t h i s S�c u r i ry d n�t r umen t;(b)is aoi p ersonally nbligated io gay the sims
<br /> --_ _- secured by this Security In,irua�ent;and(c)atl ces that Lender and any other Borrotiver may agrez to extend.r�udify,fo�c=.�::cr
<br /> -----�'� make any accommodntions with regard w tlie terms of this SSCUrity Instrument or the Note without that Soaocv�Ps ctinsent.
<br /> =��'=-° 13,Loan L'harges,If the loan serur..d by this Security Instrument is subject to a law which ssts raaxim4rm lcan charges.
<br /> —__ ;,.�, and that law es f:-►nlly interpreied so that tItw i�terest or othet lflan c�arges collected or to be collec�'.ed in carn�ction with the
<br /> ---��` loan excead L'�s�¢rmitted'imits,then:(a��.m •a:ch loan charge sha�f(:e raduced by the amount rc�:�:.�-�•to:�uce the charge
<br /> -___���j t��.�:4A pemtitted li:nit:and!t�)z-*.y sums�.1r:eLi;•.:o1vc'at from Borr�::.r which exceeded pemutted Lr,���uill t::refurtded to
<br /> _-_—"'�� °::�:n:•Her. Lender may ciza•n: ro r-caxe t:us �e.'and t:� rcxiucing ttia principal ocved under the Plote �.:lsy w�sking a direct
<br /> ° payment to E�:*�wer. If a c�:o-.d rea:u;>.s �rincipal, '.!te reduct:ea will 6e treuted as a partial prep=,:�s=x`r u`ithout any
<br /> - prepayment c����,:��+:under the Note. .
<br /> 14.No�a�.Any noiice to Borroxer�r+ided for in this Secur6ty Insuument shall be given hy delivering:.or by cn::li�r;�.
<br /> _____ _ �+;L•�first class mail unless applicable law requires use of another�nethod.The notice shall be directed to tha?�:a;erty 2dar��
<br /> — - .;r any other address Borrower designates by noace to L.ender. Any notice to L.ender shall L�c given by fi�:�:Cass mail to
<br /> = P.ender's address stated herein or any other address Lender designates by noucc to Borrower. Awy nouce pr�s a;d+�for in this
<br /> - Securiry Instrument shalt bc deenced to hace been given to Boaower or Lender when�iven as pravid.�i in this r a'agraph•
<br /> —= lg,fr���mins Law; Severabilit�. t'�is Security Instrument shall be governed by fed��P i.aw a:-d the law of the
<br /> -°°—�-•� ,3n~sdiction ia which the Progerty is lou�te�. In the event that any provision or clause of this Sr-�usty !.v°tr.:rtent or t h s No te
<br /> - � ,;,��-�licts with applicable law,such conflict shall noi affect other provisions of this Securit}r dnstrumet►t e°C.,'Cc�x:.�vhich can be
<br /> ----- Li:-tn effe�.:witis.oai thE conflicting provision. To this end the provisions of this�o:Lrity Instru:r:�nt an�11�l.:�t�:are declnred
<br /> - C�7$SeJe_�lyi:.
<br />- -�_;,��;� 1G.F;cluuAer's Copy.Eorrov�er s;�Ji�e given one conformed copy of the Note and of this Sc�ai�ity Instrument.
<br /> -- Fa•m 3028 8/90
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