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<br /> --��.,-,�..�,Y et tho aptlon oi '..ender� it mortgtge inauranoe coverego (in the �mount �nd fan t1Ce perl���i���r requiree)
<br /> ��-�~-- pmvided by an inrsuror�ptsroveci by Lender s�tin�Omeo av�it:ble�nd ie obt�ined.Borrawer ehdl�ay ehe premiums
<br /> -� � requlred w malntain moet�a�e inautmeo ir� efteot,or to ptovlde e loea reeerve�untll the roquIrement tar mart��e
<br /> insurance eads!n accardance Nlth any�ritton��eeement betaan BorroNer and LenAer or�ppllcable l�w.
<br /> -- 9.IR16�OZIOA.Lendor or Ite�gent m�y nruke rason�ble eMrfte upon and lnspastIona o4 the Proporiy.I.ender ehdl
<br /> -_ �tve HorroNet not�ee et t!►e dme o4 or or to en inepeatlon epeotfyit�g naeonable eeuee fo�the inepeotion, -- --.�-
<br /> 10.Coademn�tlon.The p oi any�warG or olstm for damagee�direct or consequential�in conneatton w;th
<br /> •ny condemnation or other tatin�of u►y part of tAo Property�or for oonveymce ln tieu of condemmtion�uo heroby ' ` "- `
<br /> -- — esel�nad end ah�U be paid w Lender.
<br /> '. � In the evcnt of a wtnl uking of the Property�the proceods ehall be applfed w the aums eeaured by this Socur�ty
<br /> Instrumant,whether or not then due�aith eny e:cesa psid to Borrower.In the event of a partlal uking oi the Progercy In
<br /> - whioh tho te�r markat valua oi the Property tmmedlately before the takin�te aqual to or ge+eater than the amount af tho
<br /> '.�,� sums secured by th�s SeaurIty Insttument immediately before tha tektn�,unlaes Borroaer and Leader otherv�►iee agroe
<br /> . � �,�, � in wddag,the aume scauted by thie SeaurIty Inetrument ehell be reduced bp tha amount of the pror�,eeda muitiplied by _ _ ___ _
<br /> �.��-'�'+� � the following fraation:(a) the Wtel amount of the soms seaured immediately beiore the tatcing,divIded by(b)the fair
<br /> . r.,.,
<br /> " �,-F►�wj:h�,,;�-;; market value of tho Property Immediately befom tha taktng.Any balance shall be paid to Borrower.In the event of a
<br /> ' ' ,.;�,:;�,.`.,,....,,..._f pattial teking ot the Property in which tha fair market vatue oi tha Property tmmedIatoly before the taking is less than
<br /> . .,"'t�'�=;°`��' ' ;� the amount of tha eums seaured immedtately before the teking,unlesa Borroaer and Lender otherwise agree tn ac�ting
<br /> �� Y=�'�°� • � �` or unlese appltcablo law otheraJse provides� the proceeds ehall be applied to tha suma secured by this Seaurity
<br /> .�'����'-��•� •� ��•`�; Instrument whether or not the sume are then due.
<br /> '"°�� ' If the Property ts abandoned by Bonoaer,or tt,aftsr nodce by Lendar w Borrower that the condemnor oiters to . _
<br /> - �----_::-_:_:-- � rneke ea ewerd oi�ttle e cle��for demegeds,Borrawer feils to regpvnd to Lendar aithln 30 daye efter tl�►dste the
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<br /> „ ��, nottao ia gtven,Lender ie authoRzed to collect and apply thr�proceeds,at its optton,either to restoration or repsir of the
<br /> , � � Property or to the aums secured by this Securlty Instrument.ahether uz•not then due. �
<br /> � ., . � Unle.ss Lender and Borrower otherwisa agcea in arIting,eny application of proceeda to princIpal ehell not extend or --
<br /> ; postpone the due date of the monthly payments tefen�ed to ia patagrapha 1 and 2 or ahanga the amount oi euch
<br /> PaYments. �.."-.
<br /> 11. Bonower Not Relwsed; Forbwrance By Lender Not i Waivar. 8atenslon of tha ttma tor peyment or -
<br /> � modification ot amortization of tha eums seoured by this Security Instrument grented by Lender to any succeasor in -�-
<br /> ' interest oi Borrower shall not operate to release the Ilability of the odglnel Horrower or Borrower's auccessore in �;�::::
<br /> • � tnterest. Lender ahall not be required to cornmence proceedinga against any successor in interest or refusa to axtend =•�__-�
<br /> ttme for payanent or otheraise modity amortization of tha sums secured by this Securlty Inatrumant by reason of eny _ --
<br /> . - _—.�—. demand mede by the erfglnal Borrower or Horrower's successora In intarest.Any torbeatance by Lender in exetclsjng �'.:::�
<br /> , �. any right or remedy shall not ba a waiver of or preclude tha exerclsa oi any right or remedy.
<br /> , 12.Successors+nd Asaigns Bouad;Jo�ut and Several I.iabil�ty;Co-slgnora.The covenants end agreemente ��
<br /> ; of thts Security Instrument shall bind and benafit the auccessors snd assigns of Lender and Borrower,subject to the =----.
<br /> � rovisions of h 17.Borroaer's covenanta and a eements shall be int and several.An Borroaer who co si *�:'1
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<br /> � this Security Instrument but doea not executs the Note: (e) is co stgning this Securtty Instrument only to mortgago. '"�—
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<br /> _. - . .. . • �A� oii� wi�VCj �.• u^v�iv�:v^f u �Tiw�w"t �u a�O rPaf'iCl'tj' 12iiQCC �iiC tCf�u"8� Z}3iS .SCCi2i'�Lj jflu�f'SSfTi'v'fIL� �23= �8 H6Z -;�._-
<br /> nall obli tea to the sums secured b this Securit Instrument;and (c) a ree.s that Lendar and an other "•��`'�
<br /> , Pe� Y B8 P8Y Y Y 8 Y ..:.•,�.
<br /> Borrower may agree to extend,modify,forbear or make any accom modationo with regard to the terms of this Security ��-
<br /> Instrument or the Note without that Borrower's consent. , , -
<br /> 13. Loan Chargea.If the loan secured by this Security Instrument ia subject to a law which seta maximum loan
<br /> . charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> • ' connection with the loan exce�d the permitted limite, then: (a) any such loan charge ahall be reduced by tha amount
<br /> ' �, necessary to reduce the charge to the permitted limit; and (b) any eums already collected irom Borcower which �
<br /> � � axceeded permitted lImits will be refunded to $onower. Lender may choose to make this refund by reducing the ��.
<br /> principal oaed under the Note or by making a direct payment to BorroNer.It e refund reduces principal,the reduction
<br /> � , will be treated as e partiel prepayment without eny prepayment charge under the Note. .. _
<br /> ' 14. Nottces.Any notice to Borrower provided for in this Security Inatrument shall be given by delivering it or by
<br /> mailing it by tirat class mail unles.s applicable law requires use of another method.The notice shell be directed to the
<br /> Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by "
<br /> tirst cless rnail to Lender's address stated herein or any other address I.ender designates by notice to Borrower. Any .
<br /> notice provided for in this Security Instrumentshall be deemed to have been given to Borrower or Lender when given
<br /> as provided in this paragraph.
<br /> !S. Governing Law; Severability.This Security Instrument shall be governed by federal 1aw and the 1aw af the ,
<br /> • jurisdiction in which the Property is located.In the ecent that any provisian or clause of this Security Instcument or the � '
<br /> Note contlicts with applicable la�v,such contlict shalt not affect other provisions of this Security Instrument or the Note
<br /> � which can be given effect without the conflicting provision.'fo this end the provisions of this Security Instrument and i
<br /> tha Note are declared to be severable. f
<br /> � Form 9028 9/90 �
<br /> 1 , �—BRMEI�c+oexo+ v�y�a e�e leitlals: �
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