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<br /> prYments may no lo�er be royulred,�t the option of l.e�xkr. if irw�i�e inwran�onvara�e(in the amount and for 1he�rkx!
<br /> th�t l.ender roqulra)Pc'm'fded by an i�uurcr�pproved by Lender apin beoomd avdl�ble aad is dx�ined. Horroa�er�hdl p�y
<br /> the prcmium�requirod to maintain inortp=e irouranre in etFxt.or to provide�t lasi e+aerve.undl the requiraneat!b�aAOrtsqe
<br /> inwtanoo ends fn�xordanoe with any wdtta�ynxmnt be�waa Borrower aM Lender or applipble law:
<br /> �.It�poc'tloa.[.ender or its�a►t may m�ke na�onrblc entr3a upa�ud irupoctions af the Prnpetty. l.ader�luil �ivti
<br /> Borrower notice�t the time of or priar to an irupa.�tiwt specifyit�ra�onable cwse for tha in�pectlon.
<br /> 10. CondnnmNoo.The p►ocuds of any award or cldm for d�mn�a, diroct ar oonaoquenti�l, in oonnoction with�ny
<br /> — c�underru�ti��n c�r othcr talcity�of any put of tbe I'roperty,or for oonveyana in lieu of oondemrution,arc heroby aui�ned�nd
<br /> stull be paid to I.er�der.
<br /> In the event of a tatrl talcing of the P�+npeny.thc pmoocd�c sha11 be applied to the sutns saured by this Securisy Insuument,
<br /> whdhcr or not then due, with any excess pnid to Borrower. ln tha cvent of a partial taking of the Propecty in which the fai�
<br /> marktt value of the Property i�nmediately befae the takiag is equal►.�o or grcuter than the amount af the cums aecured by thii
<br /> Security Instrument imrt�edlately before the talcing.unless Bonower and Lender otherwise agroe in writin�.the cumc�ecurod by
<br /> this Scxurity Instrument shall b�, reducod by the �t�ount of the ptnceeds multiplled by the follawing fraction: (a) the total
<br /> amount of the sums secured immadiately beforc the taking, divlded by (b>the fair market vnluc of the Property immediately
<br /> lxfore the talcing. Any ba�ance shall be paid to Borrower. In the event of a parti�i taking of the Pcopeny in which the fair
<br /> market value of thc Property immadi�tely beforc thc taking is less than the amount of the surns securad inunediately befor�e the
<br /> taking.uniess Borcower and l.ender othanvisc a�rce in wrlting or unless applicable law othenvice provIdes, the proceods slwll
<br /> be applied to the sumc secured by this Secudty Instrument whether or not the sums arc then due.
<br /> ---- �e If the Propeny is abandoned by Borrower,or if.after notice by Lcndcr to Borrower ttuu the candemnor offers to m�{ce an
<br /> -:. aw�rd or settle a claim for damagcs, Bonower fails to resppnd to [.ender within 30 days after the ds►te the notice is given.
<br /> � Lendcr is authorixed tu collact and apply thc proceods,at its option.either to restoration or rcpait of the Property or to the sums
<br /> :�• securcd by this Security lnstrument,whether or not then due.
<br /> Unless Lender and Borrower othcrwise agree in writing, any applic�tion of praceeds to principal shall not extend or
<br /> _� postpone the due date af the monthly payments referrcd to in paragraphs t and 2 or change the amount of such payments.
<br /> - 1 l.Borrower Not Released;ForbeArance By I.ender Not a Waiver.Extension of the time for payment or modification
<br /> of amortiuuion of the sums secured by this Securtty Instrument granted by I.ender tu nny successor ln interest of Borrower shnll
<br /> twt operate ta rclease the liability of the arigit�l Borrower or Borcower's successors in interest. Lender shall not bc required to
<br /> - ,«. .�r, .�,,_, commence pracoedings against any succeswr in interest or refuse to extend time for payment or otherwise modify arnartization
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<br /> ,:s-'�`': � of the sums secured by this Securiry Instrument by reason of any dernand macte by the original Borrower or Barrower's
<br /> �uccesson in interest. Any forbea�ance by L.ender in exercising eny right ot remedy shall nM be a waiver of or preelude the
<br /> ����;:�r+�•+�"�°�:� exercise of nny right or_remedy.
<br />: •7�'"�-�?"�•''•. •' 12. Succe.ssors And Assigas Bound;Jotnt And Several LiabUity; Co-stqners.The rnvenants and ag�eements of this
<br />, ' -' Security [nstrument shaU bind and benefit the�uccesu�n and ussigns of Lender and Borrower, subject to the provisians of
<br /> '� ," � paragraph 17. Borcower's covcnants and agrcc�nents shall hc joint and sevcral. Any Bonuwer who co-si�nti this Security
<br /> - ���:r�,d2:�7lM.r.a. ..
<br /> � Instrument but does not execute the Note:(u)is co-�igning thix Security Instn�ment only to mortgage, grant and convey that
<br /> •- � BoROwer's interest in the Property under thc ternn��f this Seruriry Instrument: (b)is r�t personally abligated to pay the sums
<br /> - ' secureci by thiti Sccurity Instrument;and(c>ugrec.that [.enJer und any�ither Borcower muy •rgree ro cxtcnd, modify, forbear or
<br /> mukc any accummociations w•ith rcgarJ to the tem�s of'this Sccurity Instrument or thc Notc without that Borrower's rnnsent.
<br /> 13. Goan CharRes. lf thc loan secureJ by this Seruriry Instrument is subject to a law which utts maximum tnan ch•rrges,
<br /> �:,r : � ' , and that law iti finully inte�pretrd�o that the intercu ur other I��an rh•rrges coUected or to be collected in c�mnec[ion with the `
<br /> � li��n exceed the permitteJ limits,then: (�►any tiuch loan charge shall tk redureJ by the amount necessary to reduce the churge
<br /> '```' to the permitted limit:and(b)any wm. uheaJy rullected 1'rum&�rrowrr which excecded pemiitted limitti will be refundeci to
<br /> � &irrowcr. l.cndcr muy rh�xnc tu make thi. refutul by redurinE the principal owcd under thc Nntc or by making a direct
<br /> p�ynknt tu Borzowcr. !f a refund redurcx principul, the rcJurtion will tx treatcd ati :► partial prepayment without :my -
<br /> , prcpaymcnt rhargc undcr thc Notc.
<br /> ' 14.Notices.Any nuticc tu&�rrower pr�n•iJed tirr in thiti Seruriry Intitrument shall hc givcn by dcliv�ring it or by n�ailing _.
<br /> it by tir�t rlati�nwil unlctir applicahlc law rcyuir��ux��f anuthrr mrth�xl. Thc n��ticc �hall hc dircrteJ to thc Pr��perty Addresti
<br /> ur um� uthcr uddre,� Borro�vrr dctiignatc� by nciticc tu L�nd�r. Any nuticr tu Lcndcr ,hall bc given hy first rlarti m�il tu
<br /> � � ' Lcndcr'.addre..stat��i hercin or any uth►r aJJreti. Lcndcr detiignatr� b�• nutirc t�� B��rroa�rr. Any noticc pmvidcd for in this
<br /> ' Scruritc in+trumcnt shall !x decm�Ki to h.tvc brcn�ivcn tu[3��rruNCr ur Lrndcr wh�n tii�•cn:►.pru�•idcJ in thi�paragraph.
<br /> 15.Covernin� I.uw�: Severabi(ih�. Tl�i. Scrurity Di�trumrnt tih:dl hc govrrneJ by 1'cdcral law and thc law ol'thc
<br /> , ' • juri,Jirtiim in wliich the Pr���xrty iti hxateJ. In thr rrrnt Uiat an� pr��vi.iun ur rluu�r nf thiti Srcurity Imtrument or the Notc _
<br /> runtlirt.with applirahlc�:10.'. �ach runtli�t,hull n��t attcrt nthcr pr�i�•i�ion,uf thi.Srtttrit� Itt,trumcnt ur thc Nutc whirh tan ik E
<br /> L given cffcct u•ithout thc runflirting pru�i,iun. Tu thi.rnd thc provi.ionti o1'thi,S�-.urity Instn�nxnt and thr Notc uru drelurecl _
<br /> -); . � to bc.r��rrablr. �,
<br /> � lb.liorrnw�er's Copc.Borruu•�r.hull hr gi�cn unr cuntiinned rupy ui the Nutr anJ uf thiti Scrurit�• Intitrument. �
<br /> ' Form 3028 9/90 `
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