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<br /> ---�- -- �'�' 10�'�9
<br /> payrnaits m�y no Ian,Qer be roquirod.�t the optlon of Lender.if mat�aYc in�uranoe cnvenQe(in the anwuat and for the perlod
<br /> thn Lender reyuiros)�'ided by ae l�aure►�pprovod by l.e�dar�in bec�ooi��vallable md i�oMalned.Bortowa�r6W1 py �
<br /> the praniunu reguired to mdiMtln mo�t�e imuranoe in eifed,or w provlde�laa rqerYe.uNil 1he requlromcot far mat�aps
<br /> hwtt�nod adt in�c�o�dmoe with�ny wriqa�yroanaK belween Borrowar and Lender or�pplipibb law.
<br /> !. I�loir. l.e,Mer or its a�ent rtlry m�ke�son�le erNries upon md fospectiam of 1ho P�operry.I.ender�tWl�ive
<br /> Borrowex nwice�t tMe timo of or pria�r�a�n iiupecNon�eifyina re�auble cau�e for the in�pocdan.
<br /> 10. CaadaMnstlop. The proceedr af+u�y award or claim for dama�ea.direct ar ro�t�equontfai. in ooiunation wl�h airy
<br /> oondemtuNiae or aher WdaQ oi aay part of the Property.or for oonvryan�e in lieu of oafdenuutiot�. iu+e beaeby swiQrod aod
<br /> ---- sdnll be p�ld to Lrnder.
<br /> In the event of a toW taking of 1he Propaty,the pax�oeds dtAll be y�pliod to�l�e wms�ecurod by this Sxudty Itu�ttumait.
<br /> whetl�er or oot then due. wilh any eaas�paid to Bonawer. In the event of�parii�l taking of the Prnperty in whfch the f�ir
<br /> mari�et value of the Propeny inur�odiatcly beforc the ttdcing is eq�wl to or greater than the�mount of the sums socured by this
<br /> Saudty Instnunent immadiAtely befom the taking.unless Bormwer and Lendcr dherwise agr+ee in writing.the sum9 socured by
<br /> this Security Instrument �hall be roduced by ihe emo�snt oi th� ��ee!�c �n�.�ltipliM by ihe f�IMwing f�etinn: (a) the toW
<br /> amount of thc sums socured immediately beforc the taking, divi�od by(b)the fair nwrket value of thc P�nperry immediately
<br /> befare the talcing. Any balnna stwll 6e peid to Horrowcr. ln the event of a partixl tAkjng of tiu Property in whkh the f�ir
<br /> muket v�lue of�he Property inunodiately beforo the taking is less�iwn ihe amount ai the sums sacurod imnedi�tely before the
<br /> taking.unless Borrower and Lender aUrcrwise agrcc in wriling or unless epplicable law othcrwise provlda,tho prooeals slwl)
<br /> be�pplied to tho sums cocured by this Serurity Instrument whether or nd the sums at+e thcn due.
<br /> IP the Property is atwndonod by Bomawer,or if,after notice by Lender to Barrower that the condemnor aflers to m�ke an
<br /> award or settk w claim for d�wges. Borrower fails to rcspond to Lender within 30 days after the date�he iatice is given,
<br /> - - L,encier is wlhorizod to collecK anJ appiy thc pn�tcead�,at its oplion,either W re�vtorat�on or�ep�rir of tF�e Praperiy ur w�e sunw
<br /> -, socund by this Security Instrument,whether or ncrl then due.
<br />-_� - Unb�s l.ender and Bomower otherwl�e agree ln writiog, any appl�auion of proceeds to principal shali not extend or
<br /> postpone the due date of the monthly payments refcrned to in parug�ephs I and 2 or change�he amount of such payments.
<br />- - 11.Borrnwer Not Released;Forbenrance Sy l.ender Not a WAiver.Extension of the time far paymenR ar modificAtion
<br /> � of emorti�ion of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower sh�ll
<br /> nd opernte to release the liability of the arigioal Borrower or Borrower'c suvoe.csors in interest. L.ender stwll not be rcquircd W
<br /> - —__��� commence proceedings against any successar in interest or refuse ta extend time for payment or otberwise modify amartization
<br /> -- -- of the sums secured by this Security Instrument by reuson of any demand made by the ariginal Borrower or Borrower's
<br /> ' successors in interest. Any forbearance by L.ender in eaercising rmy right or remedy shall not 6c r wai��:r of ar prcclude the
<br /> _ eaercise of eny rlght or rremedy.
<br /> - i2. 3uccessors �u3 �ss�auud; .ioiat sr+d �ever�i i.4tbiiity. Go-s{gness. 'i� coze�nts ar+d agra�t��ts af this
<br /> '�� Secu�rity lastrument shell bind and t�;nefit the successurs and a�signs of l.ender and Borrawer, wbject ro the pra�tisions of
<br /> -;�:��
<br /> paragraph 17. Borcower's covensints and agreements sh�ll be joint and severnl. Any Bo!�rower wha casigns tt�i� Security
<br /> :�� Instrument but daes not execute the Note: (a) is co-signing this Security Instrument only to mortgage, �wrt and convey that
<br /> � Borrower's interest in the PropeAy under the terms of this Security Instrument;(b) is not personally obfigated to pay the sums
<br /> - secured by this Security Instrument:�and(c►agrees that Lender and m�y ather Borrower may agree to extend,modify,forbeur or
<br /> "`" make an accommodations with re ard to�he terms of this Securit Instn�ment or the Note without that Borrower's consent.
<br /> � ,,�;.�, y s y
<br />• . 13.Los�n Clwrges. If the loan secured by this Securiry fnstrumenl is su6ject to a law whirh sets maximum loan charges,
<br /> � �"'' and tlu�t law is finally interpreted sc� thut the interest or other loan churges collected or to be collected in eonnertion with the
<br /> _ " loan exceed the permiried limits,then: �al any such loan charge shall be redured by the umount necessary w�educe the charge
<br /> :=Y ,!,,_� to the permitted limit;and(b)any sums alrcady cotlected fmm BoROwer which exceecled permi�tcd limits will be refunded to _
<br />'' '�-� Borrower. Lender may choose to make this refund by reducing �he principal owed under the Note or by making u direct
<br /> :"•;;.
<br /> � °;�0;' ppyrt�nr to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment wilhout any -
<br />..�-
<br /> = pr�payrr���t�i�arge u�der the Nate. -
<br /> _ 14.Notkes.Any notice to Borrower provided for in this Securi�y Instnimrnt shull bc givcn by delivctlng i�or by mailing
<br /> .,t� �' it by first clnss mail untess applic�ble law requires use of unother methad. The notice�hull be Jirt�c�ed to thc Property Address _
<br /> ���;;; r" or any uthcr address Borrower desigiwtcs by notice to Lendcr. Any n�itice t�� I.enJer shall I+c given by first cluss mail to
<br /> . , �;
<br /> ' ��:,'��� L.ender's uddress stated herein ar any other uddress l.ender designares by noticr a� Borrower. Any notice providcd for in this
<br />- .. .p,�..:, Security Instrument shall be deemed to have t�en given to Borrower or l.ender whcn given us pruvided in this par�graph. -
<br /> �' _��i�;. 15.Govcrning I,aw; SeverabilNy. This Security Instrument shull be govcrned by federal law ond Ihc law af the -
<br /> � ` u� � jurisdiction in which the Propeny is Icxnted. In the event that any pr�ivisi�m or rlau+e of this Securitv Insironunt or the Note
<br /> '_-- -��;°-y;g��rr. _
<br /> -�,,,;,sg,r,„ cont7icts with upplicuble luw,such contlict sholl not uffect ott,er pmvisions�►f thi�Serurity Instrumem or the Note which run be
<br /> � �.,-. •�;,�':;',:
<br /> ;rr °•y�pl�,xi, siven eifect withouc the conflicting provision. To this end the provisiom of thiz Security Instrument and the Nae are declared
<br /> '�"�el�!�T4_.; tobe severable.
<br /> - _��.:ti
<br /> 16.8orrower's Copy.Borrower shall be given one conf'nrnied Mipy cil'the Note and of thiti Security lnarun�ent. -
<br /> � � Fam 3028 8/90
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