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<br /> ' pyn�s mry no ioa6er lre requiSod,ri dre option of I.c�det.:if mat�itsunaoe a�raa�n.°'°�Ilt�P�
<br /> . tTrt Imdes requites)Provided bY�n��PP�'�'��bY�+��.becomes availabte aod i�o6�+ed.Hoce�u�rec�1[,pi!► .
<br /> tbe p�aoiuo�c t�qui�ed w aniutain�o�tE�e imuranc4 ie e.ffoct,or w,provide x 1�reaave.uMil the c�equtciemeat foe maty�e •
<br /> insur�noa ads in aa.oc+�aoce�vith�ny w�titten a�reaneat 6etwau_Bornnwa�d I.ader or applicybte Itw. •
<br /> !:Lspeclioo.�trerder or its agmt may m�1te msonabte entries apon a�ie�speedons of thc Pc�upetty.�.ender shd!give .
<br /> Bo�m*rer notia at tLe time oEor prior to an ia�act�on sp�c►fyia8 raso�hle c�use for the inspeaion• . . °
<br /> 11.Ca�daamtia�a.'ih ptooeeds of a�ry award or clai�for damagas.dire�t or o�nsoquaati�l, in'oonoectia�with�ny - �
<br /> �don or ather tatci�of my put of tix Piopecty.or for eam�eywoe in tia:of a�detru�ttiat..�e bereby�si8ned ud.
<br /> sh�di be paid w I.eader. . . . '
<br /> In tbe evaK of s totql talcing of tbe Pmperty.tt�e prnoxds siiall be apptied to ttx sums sa�ued by this Savrit�insw�neat.`.
<br /> whdher or not thw dne.wjt6 aay etcess paid to Bomnwer. In the eva►t of a putial tal�g of the Proper[y in whicli the f�r
<br /> market vatue of the Prnpe�ty immed'�ately befora the t�Icing is eqaa!w or g�eatet thm tLe amwet of the snur;s�ecuned by this
<br /> ' Sonuity Ia�ttumait�tY btfon the talring.unless Bonower a�Lender dherwise a8�ae in wridng.the sums�sewied by . .
<br /> • dus Sewrity I�nent shail be�ednoed 6y the amount of tha p�ooeeds awItiplied by the followi�g.fraaian:(a) tbe total. ,
<br /> am�wnt of tha sums secuced immediately before dx talcing,dividod bY(b)the fair market value of tl�e Pcoperty immediatetY .
<br /> befo�e the taking. Mry balance shalS ba paid to Borrower.In tbe eveut of a pactial taking of the Property in which,the fair
<br /> marlcet value of t!u Fropercy ianr�odiateiy before tl�e talring is less ti�an the amount of the sums sa�ured immediately before the
<br /> taking,anless Bormwei a�rd I.ender otherwise agree ia writing or unless applicabte law othtrwise provides.the pmceeds sl�all _
<br /> . be applied w the sums secund 6y this Securit�Imsd�ument whether,or not tLe sums a:e then dae. . ' -
<br /> if tl�e Fi�nperty is a6andone�bg Borrowr��iC,after notice by i.endec co Bormwer tlnt die condem�wr offers to nnake an '
<br /> award or s�tle a claim for demages,Borrowe�'fails to respond to I.endet within 30 days after the date the n�tice is given.' --
<br /> i.tnder is autiwrized to oolted and apply the�ds,at its option,e[ttie��to restoration ar repair of the P�pe�tY or to�he sums
<br /> _ sei.vrod by this Svr.�t}r Instnunent,whether�.��+�it.ti�n due. •.::.:.�.� .
<br /> ' ' •Unless L,eti$�rand Bonower otl�era�ise agree in writing, anY apPTccation of pr0000ds w principat shatl not extend or � --
<br /> postpone the due t�;:o�the�ior-r,:!Y PaYmems itferred to in P�B�Ptis i ar�2 or change the amoum of such paymeats• �—_-
<br /> ----- Il.$orrav�erNot Released;�ocbqrance BY Len�rNo!a Waiver.F.xtensioa of the timc for payment ormodification �y,,,�,_
<br /> of amortization o�t�e sums sc�.sr�d by this�S2cacity Instruiaent grai►ted 6Y I.eader ta any:svccessor ia interest of Borrawei`sha12 n��
<br /> _ �.�r.�
<br /> not opeiate w release the liability of•the origiii�Bormwer or Borrower's�ur.cessocs in interest.Lender shall not 6e required to �:_
<br /> -------- commence proccedings against�}successor ia interest or sefuse to exterid time for payment or othera+isc mudifY amorti�tion a-�''-.:
<br /> of the sums secured by this.Sararity insttutnent by mason of.any demand,made by the original Borrower or Harrower's ��,�'
<br /> succes.wrs in interest. My fas�.�.�anoe by Lender in exercising any right or remedy shall iwt be a waiver of or prectude the ______
<br /> ezercise of anyr ri�or remed}_'` ���
<br /> ��e�� 12, Suoce�ams aed �'igag Boand;Joint aad Several��.ia6iHts, Co-signe�s- 7'he cavenants and agreemenu of this F_�N,�_.
<br /> Security Instrun�x.:�taIt'bii�CC and benefit the sucoessors aad.assigns of I.ender and Horrower, subjed to the provisions.of __-_=__
<br /> ;�� • �ragtaph 17. Botrowec's a3've�ants and agreements sha!! b�joinE a[��§everal. Any,Borrower who co-signs ihis SecvritY � �r=,pl,���,
<br /> -- Instniinent but daes not caecure the Note: (a)is co-signing this Securit}Instcument oiily to mortgage,grant and aonvey tbat�_ F'�'l?�°$�''
<br /> ` Boaower's interest in the Property under the terms of tbis Security Instcument;(b)is not personatty obligated to pay the sums �+'��'r`�.`:=�:
<br /> � i secured by this Security Instrument:and(c)agrees[hat l.eader nnd any o�I:�ar Borrower may agree ta extend,madify. forbear or. ��"'���'n
<br /> es : . .a�.
<br /> :. �,..�.=:��#s,;:�;; make any accais�nadations wiih regard ta the terms�i this Security Instnut�nt or the Note without tbat Borrower's co�uent. ' __�.�:s«:�_
<br /> x'` 13.Loan Charges.If the loan secured by this Securiry instrument is sutrject to a law which sets mauimum loan charges. � '
<br /> and that law is finally interpreted so that the interest ar�ther.toan charges collected or to be rnllected in wnneciion with the ' !'�1�`
<br /> � loan exceed the permitted timits.then: (a)any such toan cha�e shall be rednced by the amount necessary to reduce ihe charge ,' .'
<br /> to the permitte�B 6imit:and @)any sums already collected from Borrowcr which exceeded permitted limits will be refunded to _
<br /> .
<br /> in direct - -
<br /> No
<br /> or b mak a
<br /> -,;1,,;�-:" Bor�ower. Ler��may choose to make_this rcfund by reducing t6e puncipal owed under the te y � � . ., .
<br /> ,N.';%' • . -:
<br /> ;i;`�,::• t k paYment to Bartower. If a refund raluces principal. thc reduction n•ill be trcated as a partial prcpayment without any . � � , -
<br /> ' z •• . prepayment charge under the Notc. r
<br /> �s;'��;. !' � ..-
<br /> ����: 1 4.N o t i ce s.A ny n o t i ce to Bonawcr providecl for in this Securit y Tnstrumcnt shali be given by delivering it or bp mailing
<br /> �`�--�"�"'°-- • it by fitst•ela�.c mail unlcss applitabte law requires use of another meth�l. The notice shaU be directed to the Pro �dress
<br /> ��;� u��' � : _:�
<br /> �--;,�� or any other address Borrower designatec by natice to I.ender. Any notice to l.ender shall be given by first class maiL Ga
<br /> =--'��� Lende�s address stated herein or any other aJdress Lendcr dcsignates by notire to Borrower. Any natice providal for in this ,.
<br /> i-�"r"� Security Instrument shall be deemed to have been givcn ta Bom�wcr or Lender when given a�provided in this paragraph. � `�.,•'.
<br /> '�� 15.Governieg Law; Seveat6ility: 'f'his Sccurity Instrument shall bc govcmed by federsl law and• the law of'the k � �;% �~
<br /> '��-.=. r ''�t''_
<br /> _- jurisdictinn in which the Property is located.ln the event that any provi�ion or clause of this 5ew�ity ln,trument or the Nate �� . .
<br /> �--°'�°''�� conflicis wilfi applicable law,such wnflict shall not uffect other provi5ic�ns of this Security Imwment or the Note which can be � �
<br /> •�- given effect without the conflicting provision.To this end the provisinns of this Security lntitrument:�nd the Note are declared � • • •
<br /> to be severable. � � �•-
<br /> 16.Borrovrer's Copy.8orrower shall be given one conformed capy of the i�ote and of this Security Instrument. �' •
<br /> Eann 3028 9/90 � •
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