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<br /> - at ti�e optton o! i.ando�, it martQa�o ianurnnco auverAgo (in tho�m�unt and f�r the �seriad thnt I.endcr requlres `---��-�_--- __
<br /> _•. � - n'. F'i°w
<br />_ � ;,�,., �. _ . provIded by an inout�er cppre►ved by l.endor agnin tx:cc�me�ovoilsblo and(r��htatned,Horn�wer e,hafl pny tho premiums - _ - . _ -:�£.---
<br /> � requIred to meinteln mortgago (nauranca in ofteae.a� ta provido e lo.�nserva, until tho rcquiromont tur martgego ������°-�—
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<br />-. . � � - inaurancn enda in accardance wtth any written a�eomont 6otween Aanawet and l.endar or applicAble lew. � ���:"..�-
<br /> •�;' 9.Inepeat{aA.Y.endar or Ite agent msy mske reaeoneble entrles upcm and Inspeotions of the Property.l.andar ehall �.��:�+.�:���.�?;`�,_
<br />- �r � � . . �t�? gtva Borrower notIce at the time ot or prIor to en inspeatton sp�sltyin�reaeonable eausa for tho inspeotion. , . ;.,��,,_�_T-�
<br />_ �.��'�" � .. ., 10.Condem��tlon. The ptocads of any aaard o�claim for demegea,dirxt c+r consequentinl,in connection with •�"-.::FS��.•-
<br /> _ . nny condemnatIon or other t�king of any part ot the Property,o�for conveyance in lieu of condemnatfon,aro hareby .. , .��_'�' _
<br /> . �.,�; , . . essigned and shall ba paid to I.ander. •. ,_rM;—�.__'
<br /> �w•�.
<br /> : • In the event of a total taking oi the Property� the proceeds shall be applted to tha aums secured by thie Securtty .;��:�.
<br /> - � Inatcument,whether or not then due,atth any eacess patd to Borroaer.In tha event of a patttal taking of tho Property tn , �, .. ��.
<br /> � � . • � .. ahiah the tair markat value of the Property Immediately before the taktag is equal to or greaur then the amount oi the � - ; �.;F'
<br /> � ' sums seaured by thia Socurtty Instrument immediately botore the taking,unlesa Horroaer and Lendar otherwise agr�e �• ,
<br /> , "' in wdtIng,the auma secvred by this Secuttty Instrument shall be reduced by the amount oi the prooeeda muitlplted by ,�
<br /> ° � tha followtng iraction:(a� the total amount of the sums secured immediataly befora tho teking,divided by(b)the fair • -
<br /> • markat value oi tha Property immediately before the taktng.Aay balenca eha11 be paid to Borcower. In the avent of a .
<br /> parttal taking of the Pmperty in whioh the feir market value af the Property tmmediately befora tha tak�ng is less than �
<br /> ; . tha amount of tha sums secured itnmedtately before tha taking,unless Borroaer and Lender otheraise agree in ariting ' '
<br /> , or unless appltcable law otherwise providea, tha proceeds shall be applied to the sums secured by thia Securtty �
<br /> '� Instrument whether or not the sums are then due. .
<br /> It the Property ie abandoned by Borrower.ar it,after notice by Lender to Borrower that the condemnor oifere to : " �"`
<br /> � make an award or s�ttle a ctaim tor dama es� Borrower fails w res nd to Lender withtn 30 da s atusr the datei the ' "�
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<br /> - notice is given,Lender ia authorized to collect and apply the proceeds,at�ts optton.etther to restorat�on or tepatr oi the - -_ -
<br /> � Proparty or to tha sume secured by thls SecurIty Instrument,whether or not then due. �`` F
<br /> � . Unless Lender and Bortower otherwise agrea in writing.any application of proceeda to principal ahall not e�ctend or
<br /> , ' � postpona the duo date of the monthly payments retetred to in paragrapha 1 and 2 or change the amount of such ' _
<br /> P8Ymenta. . =--
<br /> , I1. Borrower Not laelessed; Forbesrance By Lender Not a Waiver.ExtensIon of the time for payment or f ' �
<br /> modificatlon of amortization of the eums secured by this Security Inatrument granted by Lender to any auccessor in ! � .���.�
<br /> tnterest of Bonower ahall not oparate to teleasa the liability oi the original Bonower or Borrower's auccessora tn !. t=_
<br /> tnterest.Lender shall not be required to commence proceedings against any auccessor in interest or refuse to axtend f �z'�`l
<br /> tlme for payment or otherwise modity amortization of the auma secured by this SeeurIty Inetrument by reason of any I = �'--"" —
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<br /> � demand made by the uriginet Borcoaer or Borrower's auccessors in interest.My forbearance by Lender in exercising �•�:• , '
<br /> -- -`'�--` any right or remcdy shali not bo a wa;vcr uf ur p�:l ude th�exercSse of aRy right or rumcdy. � �' '
<br /> 12.Succeasors end Assigae BouAd;Joint and Several Liability:Co-sigaers.The covenants and agreementa � ' i� i
<br /> of this Security Instrument shall bind and benefit the successors and asaigns of Lender and Borrower,subject to the � . , t� ,?
<br /> provislone oi paragraph 17.Borrower'a covenants and agreements ahall be joint and several.Any Barrower who co'signs ' ,
<br /> � thia Secudty Instrument but does not execute the Note: (s) is co-signing this Security Instrument only to mortgaga. ; .�-
<br /> gcant and convay thatBorrower's interest in the Property under the terms of this Security Instrument; (b) is not , �.� �
<br /> � personaily obligated to pay the auma secured by thia Security Instrument;and (c)agcees that Lender and any other r:e-��
<br /> I Bonower may agcee to axtend.modify.forbear or make any accommodations with regard to the terma of this Secudty f,% i
<br /> Inatrumes�t or the Note without that Borroaer's consent. ;��
<br /> I13. Loaa Chargea. It the loan secured by this Security Instrument is subject to a lew which sets maximum loan ; � ,
<br /> „1 cherges, and that law is 4inally intrrrpreted so that the inter�t or other loan charges collected or to be coltected in , ,
<br /> connectton with the loen exceed tho permitted limite, then: �a) any such loan charge shall be reduced by the emount •. � ' �
<br /> aecessary to reduce the charge w the permitted limit; and (b) any suma already coilected from Borrower which , �,. �
<br /> exceeded permitted limits wiU be refunded to Borrower. Lender may choose to make this retund by reducing the I „ ;�• '��
<br /> pr�ncipal owed under the Note or by making a direct payment to Borrower.It a refund reduces principal,the reduction �
<br /> will be treated es a partiel prepayment without any prepayment charge under the Note. . �'E:
<br /> 14. Notices. Any notica to liorrower provided for in this Security Instrument shai!be given by delivering ic or by �
<br /> - mailtng it by tirst class mail unless applicable law requires use of another method.'fhe notice shall be directed to the ', ;�
<br /> Property Address ar any other address$orrowor designates by notice to Lender.Any notice to I.ender shall be given by
<br /> first cless mail to I.ender's address stated herein or any other address L.ender designates by notice to Borrower. Any -�*3
<br /> notice provided for in this Security Instrument shall be deemed to have been gi�•en to Borroaer or I.endec when given • '
<br /> as provide�in this paregraph. ' �_
<br /> ' IS. Governing Ltw;Sevenbility.This Security Instrumentshall be governed by tederal law and the law of the •'
<br /> jurisdiction in ahich the Propecty is located.In the event that any provisiun o�•clause of this Security Instrument or the -
<br /> Note conflicts Nith applicable Iaw,such conilict shall not affect other provisions of this Security Instrument ot the Note
<br /> which can be p,iven effat �vithout the contlicting provision.To thi�end the provisions oi this Security Instrument and "
<br /> the Note are declared to be severable. "
<br /> F�rm 5028 9/90 •
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