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<br /> paYmaus may nc�lan�or be requirod.u the aption of I,axkr.if trwct��e inwrat�ae cover�e(in tbe amount ud for the period
<br /> tlut Lerder coquina)provlded 6y �n insurer epproved by I.endtr a�in bocoma av�itable and is abtainod. Borrower i1W1 p�y
<br /> the premiucm required w mintain moKgage inwrnrx;In effect, or w provide�loss raervc.untIl the roqult�etnent for nwrtayn
<br /> �awnnoe ends in aorord�nce with any writtar aarean�nt between Borrower and l.ender or�pplic�bk law.
<br /> 9.l�pectioa.I�ender or its�gent may mike re�sonabk uuries uEwn�utid inspections of the F'roperty.t,.eitidct'tbai��ive
<br /> Bomowcr notioe At d�e time of or pdor W an incpectfon apecifyin�rcaso�uible r,ause for the inspoction.
<br /> 10. Conderaaation. The proceods of any nward or cl�im for darnages. direct or conseyuential. In coruxction wlth any
<br /> condemrwtfon or other talcing of any pert of the Propetty, or for oonveyarce in lieu of oondemnallon.ane hec+eby�iBned and
<br /> _�-..-:.--�----�----�---,.._• shall isc paid to Lcndcr.
<br /> In th�evont of a towl wking of the Property.the procooda st�ll be appliod to the sums secured by this Secudty Instrument,
<br /> whether or not then due, wlth any excess paid ta Bonower.In the event of a pnrtial wlcing of the Froperty in which the fair
<br /> ���� market valuc of the Property immediately before the tAking is equat to or grcater than the amount of the sums sxurod by this
<br /> Security Instrument immediately before the wking, unless Borrower and Lender othenvise Agra in wridnQ,the surr�s socurod by
<br /> this Securlty instrument sh�li be nducod by the amount of the proceeds multiplied by the followin� fcaction: (a) tho tex�l
<br /> --•-�- �_-� -_-� amount oF the sums secured immediately.before the taking.divlded by (b) the fair market value of the Properiy immodiately
<br /> befort the wking. Any balance ahall be paid to Borrower. ln the cvent of a pa�ti�l tnking of tho Property in whlch the fair
<br /> market valne of the Property fmmediately before the tolcing js less than the amount of the sums secured imrnaliotely beforc the
<br /> tl+king, uNcss Borrower and Lender atherwise agra in writing or unless opplicpbk luw wherwiee provWex.tho proc�enda�riull
<br /> be appliod to the sums stcurod by this Secnrity Inrtrument whcther or not the suncc are then due.
<br /> _ If the Property is ubw�donod by Borrower,or if,after naticc by Le�xier to Borrawer that the amdcmnor offcn to m�ke an
<br /> ,t,��� aw�rd or setde a claim Por darrw�es. Borrower fYil� to respond ro L.ender within 34 daya aftcr the dxtc the notice i��iven,
<br /> :E� Lcndcr is uutharizod to callcct and apply thc proceods.at its optian.efther ta rc�torAtion ar repalr of thc Property ar ta the rum�
<br /> - xecurai by this Securfty Instrument,whether ar not then duc.
<br /> ,,�a .., , ,_ ,� Unle�s Lender and Borrower otherwise agree in writing. my application oY proceods to principul shall not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 ar change the amount of such p�ym�nts.
<br /> i l.Borrower Not Rdeased;Farbearance By Lender Not p WAiver.Extension of the time for payment or modificAtion
<br /> "{•''"�` �-. �� of anortizution of the sums secured by this Security lnstrument granted by Lender to any successr�r in intercst of Borrower st�ll
<br /> , • ���fi:� not aperate to release thc liability of the originui Borrower or Borrawer's successors in interest.I.ender shall not be required to
<br /> � Y '.-::��M1:.���
<br /> � ;t�;qa>,;-..,�'.... commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modi f y�mortization
<br /> • a-�����•����� of the sums secured by this Security Instrument by reason of any dett�and made by the original Bonower or Borrower's
<br /> �YiX:-�t;;.,�;r�ii�.
<br /> . �-�--�••.:,�»�"� succecsars in interest. Any forbearance by Lender in exercising any right or ramedy shall not be a waiver of or preclude the
<br /> ''•'`' � �� ��•` exercise of any right or remedy.
<br />; r. r�_�.�:
<br /> -- -�-T--- .. . 12. �ueeessors suiti r1s.Eigns 8ou�id; 3uiui «ud Sevrrri Li�biiiiy; �o-eigners. The covenants wKi ��u�iis ot ihis _
<br /> ;`•�Yi,� • Security Instrument shull bind and beneftt the successors and ass�gns of l.ender and Borrower. subject to the provisions of
<br /> � . paragraph 17. Borrower's covenunts and agreements shall be joint snd several. Any Borrower who co-signs this Security
<br /> , Instrument but dces not execute the Note: (a> iti ca-signing this Security Instrument only to mortgage, grant and convey that
<br /> , Borrower's interest in the Property under thc tem�5 of this Securiry Instrument;(b)is nat personally obliguted to pay the sums
<br /> °' �. serured by this Security Instrumcnt;s►nd(c)ugrees that Lender and any othcr Borrower may agree to extend,modify,forbear or
<br /> make any uccommodations with regard to the terms af this Security Instrument or the Note without that Borrower's consent.
<br /> �'� l3.I.oan Char�es. If the loan secured by this Se.�urity Instrument is subject to a!•rw whieh sets ma�cimum loan charges,
<br /> `A and that law ir finally interpreted so that the interest or othcr Ic�an charges collectcd or to be collectcd in connection with the
<br /> � � loun exceed the permitted Iimits,then: la)any .uch Ierrn charge .hull ix� rr.Juced by the anwunt necesuiry to rcduce the charge
<br /> i� • to th�permitted limir,and(b) uny sums ulready cullccted fram F3�rrrower which excecded permittecl limits will be�efunded to
<br /> , Bc>rrower. Lender may chcxi.r•e tn make thi� refunJ hy rrducing the principnl owed under the Note or by making a direct
<br /> ' • �:, payment ta E3��rrower. if a refund ruiuce� principul, the reciuction will be treated as u partiul prepayment without any
<br /> prcpuyment chargc unJcr thc Nutc.
<br /> : ': . 14.Notices.Any noticc to Burrowcr providcd firr in this Srcurity Imu•ument sh•rll be Fiven by delivering it or by maili�g
<br /> a it by tir.t cla.s mail unletis applicuhlc law rcyuire, utic of annthrr mcthnd.The notice shall tx�directed to the Property Address
<br /> • c�r an�� other aJdre�� &�r�ower Jesignate. by notirr to Lc�xlrr. Any nutire ti� Lender shall tx: given by first class mail to
<br /> : ' ' Lcndcr'�addrctiti�tated hcrcin or •rny othcr addre�s [.cndrr Je�ignatr�by nuticc tii Borruwcr. Any nutice proviJed for in this
<br /> ,. Security Inurumcnt shall bc decmrJ tu have hecn�ivrn t�i Barrowcr ur Lendcr whrn�;ivcn us providrd in thix paragraph.
<br /> '. I5.Go��crnin� I.aw•; Severubility. Thi� Srcurity Imtrumrnt +hall hr g��vcrncd by tcJeral laa• and the I;�w of the
<br /> � ' jurisJirtion in whirh thc Prnpcny i+ bx,UrJ. In thr r�•rnt that any pru��ixi��n cir clausc of thir Sccurity Instrument ur thc Notc
<br /> . ronflirtti with applicublc law.tiunc�onflict tihall nut af(rrt �uhcr pruvi,ium ot'thiti Sccurity lnstrunknt�ir thc Nutc whinc�an be
<br /> €ivcn rflcct withi�ut the conflirtin�prirvitiion. Tu thi�enJ thc pr��vi.iuns of thi.Sccurity Intitrumcnt t�nJ the Notc are dc�lureJ
<br /> . tu bc�cvcruMr.
<br /> • � 16.Barrm�•cr's Copy�.Burrowcr sh,dl Ix given unc ri�ntirrmcd cupy ul'thc Nntc and nt'thi�Security Imtrumrnt.
<br /> Form 3028 9/90
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