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<br /> p�ynKnti moy no lon�e�be roquired,W thc oplian of Lender.if monga�c insurmoc covcra�e lin 1he wroount aed for 1he periad
<br /> tl�t i,ender roquircs)providad by an i�uurer wpproved by Lender a�dn bccnmes wv�ilable u�d is abtained.Borrower dul� paY
<br /> tho premlumr roquirod w m�ittt�in mort�n intu�neo in effcxt,or to provick a los�rc�erve, uatil iho roquirane+u far awrt�o
<br /> inwnu�ce endr in acx�o�darca with rr►y wrftten��nt be�wan Borrower and l.eMer or appllcable law.
<br /> 9.Inspedloo.l.ender ar iw�ent may rt�rlce r+awnpble entrla upon wid inspectiona of the Property.I.enda'sh�ll�ive
<br /> Borrawer notice at the time of or pdor tu on inepection�tpocifyin�rwsanablc cause for the inapection.
<br /> 10.Condem�lbn.Tho pracoeds of wiy awurd ar clnim for daimges.dircct ar consequential, ln cannactlon with any
<br /> ; aondertuwtion or ath�r lalcin�af any pa�t of the Propeny.or for conveyance in li¢u af condemnotion,are hercby assiBnal and
<br /> �h�ll be paid to l.cnder.
<br /> In tbe event of a total tAking of the Property.lhe praceods shall be appliod ro the suma securod by thia Secu�fty Instrument.
<br /> whether or not �hen due, with nny txcess paid to Be�rrower. In the event of a pnrtiul laking of Ihe Praperty in which the fair
<br /> market value of Que Property immedi�tely befare Ihe twking is oqual to or greater thar�tho umunt of thc sums sxured by thi�
<br /> Securlly Instnimeot immediately before the taking.unless Barrower and Lsnder otherwise agra in writing,the suma socured bY
<br /> this Secur�ty Inurument shall be rcduced by thc umount of the p�da multiplied by thc Pollowing frxtion: (a) the total
<br /> ��+ amaunt of the suma securcd immediately beforc the taking. divided by (b)the feir markd value of the Property immediately
<br /> beforc tlic taking. Aoy balanc� sholl be paid ta Horrower. In the event of a partial wking of �he Propeny in which the fs�ir
<br /> market velue of the Property immedirtely before the talcing is less than the amaunt af the surns socurod immediately before the
<br /> taking. unless Bonower ond l.ender otherwise agree in writing or unless applicable luw othenvise provides,the proceeds stW�
<br /> ' 6e applied to the sums secured by this Secu�iry Instrument whether or not the sum.4 are then due.
<br /> '�'" [f the Property is abandoned by Botrower.or if.after notice by Lender to Borrawer that the condemnor offens�o make an
<br /> �-,J'=--•�" - awud ar senle a clnim for dameges. Borrower fails ta rcspond to l.ender within 30 daya after�he dete the notia is given.
<br /> ° ��`'"�`�"�`��"�� I.ender is authorized to collect and apply the proceads,at Its aptio�.elther to rcstoration or tepair of the Property or to the suu►s
<br /> � ="�'���s:���h�� secuted by this Secudty Instrument.whether or not then due.
<br /> �• . �'�' Unless Lencler and Borrower otherwise agrce in writing, siny applicution of praceeds to principal shell not extend or
<br /> � ' • N�°� postpone 1he due date of�he monthly payments refemed to in paragraphs 1 and 2 or change the amount of such payments.
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<br /> 11.BorroM�er Not Released;Forbearnnce By I.ender Not A Waiver.Extension of the time for puyment or modification
<br /> �������-•:��• •�,.� of amonization of the sums secured by thiw Security Instn�ment granted by l.ender to any successor in interest of Bormwer shsll
<br /> � �:; �•. ' not opernte to rclease the liability of�he orfginal Borrower or Borrow�ee'c sueces.s�irs in interesl. Lender shall not be required to
<br /> •., �,,; ' commence piocoedings ugainst any suceessor in Imerest or refuse to extend time far paymen�or otherwise modify smwrtization
<br /> " � of the sums secured by this Secu�iry Instniment by reason of�ny demand made by the original Borrower or Borrower's
<br /> �t. ;�_:;.�.ti.,,.,_ successors i�interest. Any forbearance by Lender in exerci5ing eny right or remedy shell not be a waiver of or preclude the
<br /> � C �� exercise of any riRht ar cemedy.
<br /> ° �� � 12. Successc�rs pnd Assigns Bouad; Joint ond Several Liability:Co-stgners. The covenants and egreements of this
<br /> •' � � �� Secur�ty Instrumern shall bind anJ benefit the successor� and a,signs of l.ender a�d Borrower,subject to the provisions of
<br /> , �'�' paragraph 17. Bnrrower's covenunts and agreements shull be joint and severxl. Any Borrower who co-signs this Securiry
<br /> t` ' •'''� Instrument but does nat eaecute tl�r Note: (u) is ca-signing this Security Instrument only to mortgage. grant wid convey that
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<br /> Barrower's interest in the Pmperty undcr the tcrms of thi�Security Inurumen�; (Ul 1+11�M�1CI5008��y OI���BA�Cd�p PaY lI�SutlL4
<br /> �,`i!�''�'� secured by this Securiry Instnimenr,and lcl Agr�'e�that I.ender and uny other Borruwer may agree to eztcnd,modify,forbear or
<br /> �; '�>' malce any ucmmmcxlulions with reguid to the terms iif this Securiry Inxuunxnt or the Nwe wi thout that Borrower's consent.
<br /> �� 13.I.oan ChArges.IP the loan rerurcd by thi� Security In.�rument is tiubjctit to u luw which sets maximum loan charges.
<br /> ��� , . ond thut law is finally interpreted,u thut �he imcre.t or nthcr laun rhnrge+collected or�o be collectect in rnnnectiun with the
<br /> �•r loan exreed the permitted limit+, then: �•r1 any�urh luun rharge�hall Ik rcYluccvl h� th�umc�unt necessury to reduce the charge
<br /> �%: � to the permitted limit; anJ(bl any.um�uheaJy cullecicxl from &irrower which cxrc�tiled pc�m�ined limits will be refunded to
<br /> Borrower. l.ender nwy chcx��c tu m�kc thi� rcl'und by rcduring Ihc prinripal ow•cd undcr the N��te or by malcing a diract
<br /> ;� ,,'`.' , puyment to &xr��wer. If u rcfunci reJurc, principul, thr r�tiiuc�iim will Ix trca��til us � panic�l p�cpuyment without :�ny
<br /> � ' '-.,+ '. prep:+��ment chargc under thr Notc.
<br /> ` , :, �: .,•::� . l4.NMlces. Any nutirr lo B��rruwcr pr����id��i tiir in�hi.Sccurity In.lrunkm+hall Ix�ivrn by Jcli�•ering it or by m�iling
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<br /> � it by fini clu�s ms�il unlc�,uppliraMc faw reyuire�uu uf auulhc� uklh�nl.Tlt�noii.� �h.►11 hc.iir�rcrJ cu che Pm}xny AJdras
<br /> . ;' .. or any athcr s�JJrc,� Fk�rmwer Jctiignateti by �tutirr tu LenJrr. Am n�Nirr w LcnJrr ,hull lx gi��en by tint clatis nuil ta
<br /> l.etxler's udJress ti�at��l hercin ur any uthcr aJdrr.� LrnJcr dr�ipnat.,M n��urr 1��&�rr��w•�r. An�• nuticr pruvideJ fitt in thi� :'
<br /> • �,�' ��' � �•�, SfCU�1ly IIl\I(Ulltl`Ill 1IIilI)I1l`lIl'l'111C1I(U I1J�'l'I1Cl'll�!I\'l'll ll)BUf(UN'l`!ll�LL'll��f N'F11I1 ll\'lll J�pra�•iJ��J in Ihi.par:�gruph. �''•�
<br /> . '��°;; `� 15.GovcrninR l.pw•: tic�•rr�hflit�. Thi, Scrurin Imlrumrnt .hall h� �u�rn���l h} I'�J�ral lu�v and �he luw ��t'thc �' ,'
<br /> i •,�: • �, � juri.Jiction in which thc Pru�xrty i�laxaled. In Ih< <vent thal am� prori.i„n i+r.lau.�;ul�hi. S�ruriiy In.irumcnt ar thc Note ;.'.•``
<br /> . «,�n���.W��n U�rr�:�i�i;�H.,uch runtlirt xh�ill nnt aflert other pru�i.�un,uf Ihi.5crurit� bi�lrument��r thc Nalr u�hi�h can he ��
<br /> " ' given rfl'crt witMiW the cuntlKting pruvi,ion. �'u�hi.end the pm�•i.ian.al thi. Scruril� In�inimcnl anJ dir N�i�e arr J�tilared ;
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<br /> . !O E1f til'VC�:I�I`. .
<br /> � • � I6.Bormw�er'x Cop�•. &+rruwer.hall h��iven one r��nli�rmrJ rup}�d ihe tiui�anJ ul' thi.kcurit� In.�n�mrnt.
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<br /> fam 3028 9�90
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