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<br /> paymcnts re►Hy�w Innger P►e rcqui�rd,ut tho i�ptian ot 'Lcndcr.iC mortgago insurance covc�tc(lu iE�a uf,b�s�t ar.�for�hc pericx3
<br /> that l.cn�icv r'eyulrcyl Pr�►vtdcA by un f�u�urce u��rnvcd by l.c;nd�r agc;in l�ccom�:s uvailn��lc r.ml is ai�t;ciixYl. A�u�ow•.:v�'�sll puy
<br /> tt�c p��emfuuts r�yuirc�l t�a m�iintuin m�rtgu�;o i��xurxncc in cifcct.nr t�►pte►vide n lo5s rescrve,until tl►c requarcn�cnt Gsr ma�tRuR�
<br /> fnsurrnce�nd�in ar�ordu�ko wUh uny wrltttn�greentent ixewccn 1�rr��wcr uix! I e�xier nr applieahlo I�w.
<br /> 4. I�wpectlon.l��xlcr ur itK ngent uiey muko rcu�unnblo entrlc.r up��n mxf lnh�ccti����s of tho Pr�iperty.l..e�xlcr xhRl1 glve
<br /> �nrn►war nntico u tho limo��P or priar fn ar►inspect{nn Epocifyioy}reaM►nabfe causo t'nr th�Inxlxctfon.
<br /> 10. Cc►ndann�llon.Tl'�o prcneeQH �f.�ny uward or cinfm far dumng��s, cAircti:t or cmisequential.in aamecdan with any
<br /> candemnatlon ar other taking uf any puet of the Fruperty,ar for eonveyartse in tfeu uf cu�xle�u�►utiun.arc i��r��►y a:�::igncd and
<br /> shull bo patd t�Lenelcr.
<br /> In thc evcnt of n tatnl taking of the Property.the�Srocec�s shall bc applicG to the Fums securcxl by thic�Sacurity Inslrument,
<br /> whether or not then due. with nny excesti pu[d ta Horrower. In the event oP n partitti tafci�ig af the Property in which tha fair
<br /> murktlt vulue of t6e Property immediutely befare tho takin�Is equul .o or grcutcr than thc umount af thc sums seciued by thls
<br /> Security Instrument fmmediatety befare the taking,untess Barrower and i,ender atherwtse agrce in wriNng. the sums secund by
<br /> thls Seeurity Instnimcnt ahall be mduced by the wnount of the praceeda multipiied by the following fraction: (a)the Wtnl
<br /> cunount of the sums secured tmmed�ately before the taking,dtvided by (b)the fntr msrket value of the Property immediately
<br /> bafore the tnking. Any balance shall be paid to Borrower. In the event of a partial taking af the Praperty in which the fair
<br /> market value og the Ptoperty immediatoly before the taking ia less thun the amaunt of the sums secured itnmediately before tho
<br /> ' takln�,unless Borcower and I.ender otherwise ag�ee in wdting or unless applicuble law otherwise provides,the procee�s shafl
<br /> be appUed to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the W�nperty is abacdnned bY Borruwer,or if, after nudce by Lendet to Borrower that th�wr�demnor offera to make aa
<br /> award or settle a claim for damages. Borrower fails to respond to Lender within 30 duys after the date the notice is glven,
<br /> Lender is autharfzed to collect and apply thee pmceeds.at its optton,elther to resWration or repair of the Property or to the sums
<br /> secured by this Secudry Inattument,whether or not then due.
<br /> Unless I.ender and Horrower otherwise agree in writing. any application of proceeds to principal shall not extenc! ar
<br /> � postpone the due date of the monthly payments refened ta in paregraphs 1 and 2 ur change the amount of such payments.
<br /> � 11. Borrower Not Reteased;Forbearsnce By I.+ender Not a Waiver.Extension of the time for payment or modification
<br /> � of amortization of the sums secured by this Secudty Inatrument grented by Lender to any successar in interest of Borrower shall
<br /> •° not operate to release the Itability of the original Borrower or Borrawer's succ�.ssors in interest.X..ender shall not be required to
<br /> ��'�� commence procecdings a�uinst any successor in interest or refuse to oatend t(me for payment ar otherwise modify amortixntda��
<br /> af the sums secured by this Secudty Instiument by reason of su►y demand made by the orlginal Borro�ver or Borrower's
<br /> � � aucce.vorr in interpst. Any f��+�Tence by Lender in exerclsin�any r�ght or remedy shull not be a waiver of or pre�lude the
<br /> exercise of any right or remedy.
<br /> 1�. Suceccwrs und Asslgas Bound; Joiat and Several Llability;Co-stgnets. The covenants and asreements af tl�is
<br /> Secudry Instrument shalt bind and benefit tha successars and assigns of Lender and Borrower, subJect to the provlsiona af
<br /> paragraph 17. Borrower's covenants and agmements shell be joint and several. Any Horrower who casigns this Securlty
<br /> [nstcument but does not execute the Note: (a) is cro-signing this Securiry Instrument only to mortga�e, grnnt and convey that
<br /> Borrower's interest in the Property under the terms of this Securiry Instrumcnt;(b) is not personally abli�ated to pay the sums
<br /> secured by this Security Instrument;and(c)agrecs thut I.ettder and uny othcr Borrower may ngree ta eatend,modify.forbatr or
<br /> ; make any uccomnu�dntions with re�urd to the terms of thts Secudty Instrument or the Note without that Borrower's consent.
<br /> i 13. I.oAn Ctwrges.If the loa�i secured by this Security Instn�ment is subject to u !aw which sets muximum loan chatges,
<br /> and that law is finally interpreted so that the interest or other loan charges cnllected or to be collectcd im m�nection with the h-
<br /> � loAn eaceed the permitted limits.then: (a)ony such loan chargc shnll be reduced by the amount nece�sary to reducc the charse
<br /> � to the pennitted lim{t; and(b)uny sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> Borrower. Leader may choose to make this refund by reducing the princfpal owed under the Note or by muking a direct '
<br /> � payment to Borrower. If a refund recluces principal, the reduction will be treated us a �artia! prepayment without uny
<br /> � prepayment charge under the Note. '�"'
<br /> .�� i 14.Notices. Any nottce to Borrower provided for in this Secudty instrument sh�tl be given by delivedng it or by mlilin� :�%r,"�
<br /> , , ,... � it by first class mail unless applicuble law requires use of another method.The nottce shall be directed to the Properry Address �
<br /> or any ather uddress Borrowcr designates by notice to Lender. My notic�e to Lender shall be�ivcn by first class mail to ����
<br /> I.e�der's uddress stated herein or any other addtess Lender desi�nates by notice to Borrower. Any notirc provided for in this y°+
<br /> Security Instcument shall be deemecl to huve Been given to Borrower or Lrnder when given as provided in this parugraph.
<br /> ��� , 15.Goveming Law; 3everabiltty. This Securiry [nsuument shall be govemed by federnt law and the luw of the °
<br /> ' , ;;zs��r jurisdiction in which the Property is locate�. [n the event that any prc�vision or clause uf this Securiry instrument or the Note
<br /> :� confltcts with appl ic�ble law,such conflict shall not affect other provisions of this Securiry Instrument or the Note�vhich can be
<br /> ,�,�': given effect without the�bnfltcting provision.To this end the provisions uf this Security insuument u►d the Note�ue declured ,
<br /> �' to be severnble.
<br /> 16.Borro�rer's Copy.Borrower shall be given one rnnformed copy of the Noto and of this Security Instrument.
<br /> �+,'.4,;4 form 3028 8l90 „
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