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<br /> paymenu may no lory�er be requircd. at ttu option of C.ender,if martra�e insunr�ce covera�e(in t1x�rr�ount uwi for the perlod
<br /> thu Lender roquir+ea)providal b�rn inwm q►proved by Gender�dn becomea available ud ic obWnod. Borr�ower�h�l�PaY
<br /> the premiunu roqufrai to mYimain mortQa�e inwance in cffect,or ta providc r loe�r�werve,until the roquiranent for mort�a
<br /> inwrance ends in aocordanco with uty written aQroanrtu betwoa�Borruwer and I.ender or applicable law.
<br /> !. la�pectloa.Lender or itr�ent m�y m�ke rasrnuible entdes upon and inspoctiona of the Pmpeny.Lerder�haU �ive
<br /> Borrower twtice at the time af or prior to en in�pection�pecifyin�rea,w►iu�ble awse for the jncpoctian.
<br /> 10. Condemn�tlon.The pruceods of any award ar claim for dsunuges. direct or constyuential, in corutiection with�ny
<br /> � uc�ndemrwtion or other takin�of�ny put of the Property. or far conveyatxx in lieu of oondemrution. arc hercby�csfaned md
<br /> — ----•------� shall bc p�id to Lcnder. ---
<br /> In the event��f r taat t+�king uf thc Propeny.the procaeds sh�ll bc appliod ta the sums securod by this Saurity Instrument.
<br /> whethc�or not then duc,wlth any ezcess paid to Borrower. In the event of�partial txking of the Froperty in whlch the fair
<br /> mukct vuluc uf thc Prcipchy immaiiately befarc the ts�Cing is eyunl to or greatcr thpn the amount of thc sums saurod by this
<br /> Socurity lnstrumcnt immafiKtcly before the teking,unless Borrower and Lcnder otherwise a�ree in wrlting.the sums securod by
<br /> this Security Instrunxnt shull be roduced by ihe a�nount of the Frocceds multiplied by the foUowing fraction: ;a) the total
<br /> umcwnt af the sums�ceeurec! imnxdiately beforc the taking.divided by (b)the fair market value of the Property immodiately
<br /> beforc the taking. Any balance stwll bc paid ta Borrower. In the event of a partiui takiag of the Property in which the fair
<br /> market vatuc of the Property immodiately bcfore the taking is less ttwn thc amount of the sums serured imrnediately beforc the
<br /> taking, unless Borr.�wer and l.ender othera�ise ugrce in wdting or unless applicable law otherwise provides.the proceeds siwil
<br /> be appliod to the surtu�secured by Ihis Security Instrument whether ar not the sums are then due.
<br /> -- If the Propeny is abanda�ed by Borrower,ar if,after natice by Lender to Borrower that the condemnor offers to make an
<br /> .._.. w� i•: '�i f� a p.:::a::.. ful� to rM�•^.^.�± •^ t��.,±,�f ..,�rh�� ;(I(IAVt ARP/ 1F1C lIA1t the ruuice is aiven. —
<br /> _ ' u:::..�8 C� ii� �: �.:.^p:.^.. �°� r
<br /> ��_ � L.ender is authori-uad to collect and appiy the pnxuxls,at it.optiun,eitl�er to r�torAtion or rep�ir of the Aroperty or ta the surns --
<br /> . �ocurcd by this Security Instrument,whether or ncx then due.
<br /> Unless Lender xnd &xrower otherwise agree in writing. any applicution oC procecds to principal shull nat extend or
<br /> ` postpone�he due date of the monthly p•rynicnt�referred to in paragraphs i and 2 or chungc thc amount of such payments.
<br /> 11.Borrnwer Not Relexsed;Fo�rance By [.ender Not a Waiver. Extensian of the time for payment or modification
<br /> ' x ' of amorti•r,►lion of the sums secured by thir Security Instrument granted by Lender to uny successar in interest of Borrower shall __
<br /> � ,,., not operatc to relr�+c thc liability of the uriginal &�rrower or BoROwcr's wcceswrs in interest. I.cnder shall nat be mquired to
<br /> � +;�� • commenre proccrdings aguin+t uny succexwr in interest or refuse to extend tin�e for p�yment or otherwise modifp umortization
<br /> ,, � �``` of the sums se,�ured by this Security [mtrument by rea.tinn of any dema�xi made by the origin•rl Bc�rrower or Bonower's
<br /> � ` ��'�'�.�d:';: xuccessors in interest. Any forbe�rance by Lendcr in exercising any right or remedy shall nut be a waiver of or preclude the
<br /> _ ��� `'��.�'`��•��� exercise of any right or rcmedy.
<br /> _ ,��,,.• .. i2. Su�Y�,r� Qnd �ssigns Coand:3oini and `�everal Li�bSliiy: Cu-;I��crs. Thc :oren:sntr: anc! ag�eemen�s of thi�
<br /> ��=�'•_ � Sccuriry Instrument shall bitxi and benefit the ,urcc:+uirs anJ atisigns of I.enJcr and Barrower, subject to the proeisions of
<br /> ' paragraph 17. Borrower's covenants and agreementr shall tx _joint and sevcral. Any Borrower whi� m-.ign, thi� Serurity �
<br /> � Inrtrument but does not execute the Natc: Iu1 iti co-tiigning thix Scrurity lnstrument only ti� mortgage,grant und co�rvey that
<br /> • ' ' Borruwer's interest in the Pmperty urxicr thc terni�of thi�Security Imtrument:(h)iti not peru�nally ubligutcd to pay thc �umti
<br /> secured by thi�Security Instrument: a�xl(cl agree.thut l.rnder and uny other&�rr��wer msy a�ree tc�extend,modify.tiirberar or �==
<br /> ...,.•_- . ---
<br /> • " make any accumm�i•rtions with regurd ta the tcrnis��f thiti Serurity[n�trument or the Note w�ithout th•rt Bnrruµ•rr'ti ran.ent.
<br /> - �' 13. L�wn CharR�.If thc Ic�an sccunJ by thi� Scrurity tutitrumcnt i.�ubjcrt to a luw which xtti maximum loan churges. �-
<br /> ��. .,, . _.. anJ th•rt luw is tinally intecpreted.0 that thr intere.t or othcr Ieian rhargr.coltrrted or to he c�til lectrd in cunn�ction with the ��-
<br /> ,, • ,;. . ... Iuun carced the p�rmittcd timit�.,then:Ia1 an�•,uch luan charge �hall t+e rcducMi hy tlir:nrn�unt n�ressaq• tu rcdure the charFe —_
<br /> ��+ to the pcnnitted limit: •r�xi 1h1 uny sum. alreaJ�•adlectcd frum &urowrr uhich rrrredrd �rmiUrJ limitti will t+e refunei�d to `—�.`
<br /> Borrower. L.�nder muy ch�x�k to �nake thi+ refund h}� rcducing thr priucip•rl owed under thc N��tr or by n�alcing a direct �
<br /> a ment t�� &�rr��wrr. ]f :► refmkl reduce� rmri al, the reducticm ���ill he tr�ateJ ati a rnial re a ment without un �"'r
<br /> � P'Y p � p' P' P P'Y Y
<br />_ prepayment rh:ut�e urxlrr thr N�uc. ��=-
<br /> • 14.Notices. An�• notice tu &�rrou�cr procid�tl tiir in thi,Security In,trument+hall tx givcn by dclircring it or hy maiGng
<br /> it by fint rluss m�il unlc�. applicahle la«•reyuire,u,e uf anuthrr mrthcxi. Thc n��tirc,hall hc dir��cteJ to the Propeny Addre„ '�
<br /> ur an� other addre+. Born�wer Je�ign�tc. hy nuticr tu Lcndrr. Any notirr tu L�ndrr >i,�u t� ������, ny� r,T.e cla�. mail to �
<br /> _,�;,,. :� L.cndcr'ti addre.r� statcd hcrrin�r am•othcr addre�� l.�nder dc�ignatc�hy ni�ticc to B��rru�+cr. Any nutirr prm•ideJ t��r in thi+ � -
<br /> Sccurit� In�trumrnt�hall hcr JcrnxJ to havc hccn gi�•cn tu&�rru��•rr ur LrnJcr whrn gi�rn a+pruvid��l in thi+paragraph.
<br /> .•- :. •� 1S.Govcrning I.AN'; Severut�itlh•. Thi. Security In.trument +hall hc gu�rrn�rl by fcdcral luw at�1 thc 1•rw uf the
<br /> � ,�,,,,�,,�,•, : jurisdiction in which the Praperty i� I�xu1eJ. In th�e��cnt that any proei.ion or rlau�r of thi.S�rurity In.trument ur thr Note —_
<br /> � '� mnflirt.with applic:�blc I;�w,surh rcmtlirt tihall nnt att�rt n►hcr pro�•i�iun.ut'thiti Sccurit� in.trumrnt�x thr Nc�te ahi�h�:an tx
<br />- � given effect without thr conflicting provi.iun. Tu thir end thr pru��i,iun.of thi. S�curity In+trumrnt anJ the Nutt arr declureJ
<br />= , . to be scvcrable. �
<br /> -;. � , 16.8orrow�er's Cop��.&►rr����rr.haU br gi�cn�,n�c�mt�,rmeJ.upy uf thc Nutr anJ ul thi.Srcurity In+trunknt.
<br /> . Fam 3028 9�90
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