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<br /> pr�ymem!���uty r�c►(nnger bc rcyu(rcd.at tho opti�►n oF I.axler.iP nK►rt��o fuauerixe ccwcrr�Z�'(i�T'trio���.pR�� .
<br /> th�et I�ei�d�r reyuirer+)�irrrvidal hy uo i�ikurer apprr�wxl by I�t��tee ugr+li�tkcnn��KvuHwhlG W��1 Is uhtuirx�f. �irrowcr Mt►xll}tir�r
<br /> iho premtums rcyttfrcd ts�uu�hituin 1tx+rt�aAe inwu�aixo In ei'1'ect,e�r q►pty►vl�;�u lo�y rc�crv�,untl!thr rcq+�ircn�cnt f�u�m►nnx+y�r
<br /> tn�u►wnco c�xix in riccnrdn�Ka w4h Nny w�htce aYmment hetwan��rri�wrr ai�l l,c�ktrr�►r�pplkal+t�I�w.
<br /> 9.Irn��ctlnn.[.c�xicr ur 11N ey�ont nzuy�ru�kd rearurwblo�ntrlr�u�v►and 1nx{�;tfonr ot lha pa►perty� I.Clll�!'C RII�I)��YC .
<br /> Bnrmu►er rx�ltce at the timo ot�+r prlor to wn in�pecll�m spocltyiq��iru�ble cwi�e t+x tho(n�pectkxl.
<br /> 1Q.Condemnatlon.The�SnxecdK af u��y uwutd ur cluim far du�n�c�. dlrc�t or cnn�ue�ulal. In conn�tian uvith wny �
<br /> ' ccmdemnati�sn or wtKr ta6iny of�ny�rt oP the Pmpeny�ar fur wnvoy�►nre in Iiau���canQemnudnn.ara hcreby w+i�nai�i
<br /> � ehall be puid tn l.cr�lcr.
<br /> lii thu s�ent of u tot�l tuking uf the Peape�ty.thc proceedg Rhull bo upplied ca the sums�cural by tht�Security Instrumeru,
<br /> whethor or nat titen dae. with any cxccss paid to Borrawcr. In the evcnt of a p�utial tuWng of the Pcoperty in which the f�ir
<br /> moricet vAlut of the Property inzmediate�y befare the takhig !s equal ta ar gi�eator tha��the amount of the sucn�socural.by thi�
<br /> Se�uriry Itutrunient immediately befora the taking.unlcss Borrower unc!l.ender otherwise agrep in wrlting.the sums socurat by .
<br /> this Secnriry Intitrument shall be reduced by the amount of tho pTOCeecla multiplIed b� the fa![awing fraction: (a)tlse taad
<br /> amount of the sums secured immediately befor�e the wking. divided by(b)the fair markot value of the Property immediately
<br /> � before the t4king. Any b�lance shutl be paid to 8arrower. In the evem of a puRial takiag of the Property in whtch tde fuir
<br /> market vulue of the Praperty immediately before[he laldng ia less than the amount of the sums sac�ued Imn►edfutely beforo the
<br /> taking,unless Borrower and I.ender athenvise agc�in writing or unleas applFcable law otherwise provides, the p�ceeda shaU
<br /> bc applied to We sums secured hy thls Serur�ry Instrument whether or not the sums are then due.
<br /> If ehe Properry Is absadoned by Horrower. or lf.nfler noti�ve by Y.ender ta Borrowcr that the condemnor offers to rpake an
<br /> awArd or settle a claim for damages. Borrower fails to respond to I.ender wtthin 3p days after the dnte ttte notice Is glven,
<br /> Lender is authorized to eolleet and apply the prnccx�s,at Ics option,elther to restoradon or repa�r of the Penperty or to the sums
<br /> secw+ed by this Security Instrument,whether or not then due.
<br /> Unless Lender and Horrower otherwise agree in writing. any appiicxitfon of proceaia to prIncipal ahall not extend or
<br /> postpo�r�e the due date ot the monttely paymems reFemed to in paragraphs 1 end 2 or change the amount of such paymcnts.
<br /> �t.&irrower Nat Rele9s�;i�orbearance�y Leuarr iVut a�'Yaiver.Lxtenstan af thc time for puyme�t or meds�catiun
<br /> � of ad��rti�atIon of the sums secuied by this Secs�..'-iCy Instniment granted by Lender to any successor in interest of Borrower shtaU
<br /> not operate to release the liabiltty of the orIgin�3�rrower or Borrower's successors in iaterest.Lender sltall aot be tequired ta
<br /> , comntenee pmceedings against eny successor in interest or refuse to extend time for payment or otherwlse rrtodify funorti�ation
<br /> of thr swns secured by this Sec�siry Insuument by reason of any demand made by the or��inal Borrower or Boaaower's
<br /> ������n intp�. ,��y f�ri�e^„r,ance by Lender in exercising any dght or remedy shall aot be a waiver ef or preclude the
<br /> exerci�e of any right or Qeme�y.
<br /> 1Z. Sncce�ors��Ass�igns Bound; Joi�i and Severnt I.iabi![ty; Co-�slgners. The covenants and agreements of this
<br /> Secudty Instniment sha11 bind �u►d benefit the successors and assigns of Lender and Borrawer. subJtxt to the provisfans of
<br /> paragraph 17. Bnrrower's covenants and agreemenu shall be joint and several. Any Borrower who casigns this Securlty
<br /> Inswment but does not exccute the Note: (n) is casi�ning th9s Security Insttument only to mortgage,grant and convey that
<br /> Borrower's Interest in the Property wder the terms of this Security[nstrument;(b)is not personully obligxted to pay tha suma
<br /> secured by this Security Instcument;and�c)agrces that C.ender and nny other Barrower may agree to extend,modify.forbear or
<br /> make uny accommodations�vith re�ard to'the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> I3.I,uan Charges.If the loan secumd by this Secudty Instrument:s subject to a luw which sets maximum loan chur�es,
<br /> :�nd that law is fin�tlly interpmted so thut the interest or ather loan charges collected or to be collected tn connectton with the •
<br /> laun exceed the permitted limits,then: (a)uny such toan ch�e shall be c+educed by the amount necessary to reduce the charge
<br /> to the permltte�t Itmtt;and(b)nny sums alreudy collected from Borrower which exceeded permitted Iimlts wiil be refunde�to
<br /> Borrower. L.ender may chooss to make this refund by reducing the prtncip�l owed under the Nate or by making a dirert
<br /> payment to Borrower. If a refund reduces principal. the reduction will be treated as a partiul prepayment without ceny
<br /> prepayment char�e w�der the Nate.
<br /> 14.Nattces.Any rtotIce to Borrower provided for in this Security Instrument shall be�iven by detivering it or by muiling
<br /> 3 it by first class mail unless npplicuble taw require.c use of unother method.The nottce shall be directed to the Properry Address
<br /> or any other uddress Borrower designates by nutice to Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's uddress stated herein or s�ny other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument shall be deemed to have been given to Borrower or I.ender when given us providai in this parngrnph. �
<br /> � I5.Governing I.�w; 3evernbllity. This Security Instrument shall be governed by faieral luw und the law of the `�«
<br /> �� '`� jurisdfction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note �'�
<br /> . �.' 1
<br /> ;�` conflicts with appli¢able iaw,such conflict shull not affect other pmvisions of this Securiry Instrument or the Note which cju�be
<br /> .; � .�� �iven effect without the conflicting provision. To this end the pmvi�ions of this Security Instrument�nd the Note ure declured -
<br /> , ;';.
<br /> .x?�,T";;:� to be seversble.
<br /> w•vxw�7�,.
<br /> �,ra.r � 1G.Borrowcr's Cupy.Burrowec sh�tt be givcn onc conformed copy of the Nate snd of this Security Tnstrument. __
<br /> Fo�m 3028 9/90
<br /> PogO 4 ot 8
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