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<br /> �' :� . �' ^ paymcnts may�w lon�er be rcquim,d,ut thc��ption of l.cndcr, if mo��tgagc insurancc covcrngc(in�hc amount nnd for�he perfod -,
<br /> " ".. tl�ut I.cndcr rcquires)prnvidcd by an insurcr approvcct I,y l..cndcr nguin becomcs nvailnble anJ is obtaincd. Aorrowcr shnll pay ;�'��.��.�_
<br /> �-,,�,,. .: ;,,;. , �,. tlie preniiums required to maintain murtgage insurance in efPect,or to provide n loss reservc;,until the requircinent for mortgc��e — �..�. ...:._
<br /> �,re:��:v:_^:,:,—
<br /> insurance ends in:�ccordance with any written agreement between Borrower und Lender or applicable luw. =__ _
<br /> �: ,4, 9. Ins��eeitoh,Lcnd�;r oe its agent may make rea�onabfe entrics upon and inspections of the Property. Lender sh�dl give �+��a=.��__—
<br /> �• ---_:--
<br />"x�' � Horrower notice at the time of or prior to an inspection specifying reaconable cause for the inspection. __.�_-_ -
<br /> � 10. S;ondc�nnntion. Thc �rocceds of any nwnrd or claim for damugcs, Jircct or con+cqucntiul, in conncction with nny ��.,�._.n�__T
<br /> '• '' condemnation or otl�er taking c,f uny part ai the Property, or for conveyance in lieu of condemnution, .u'e hereby assibned and _ —
<br /> �,��=`--—
<br /> . t� .. shaU be paid to Lender. ,� z� �'�`l
<br /> In the cvent of u totul taking of thc Property, che procecds shall bc applicd to dic sums secured by this Security Instn►ment, . �.�.��,�
<br /> ' ° � whether ar nut tlien duc, with any excess paid to Borrower. In thc event of a partiul taking of the Property in whicl�the fair .�t�,__�
<br /> �::'�r�'�""`_��._
<br /> � � market value of the Praperty immediately beforc the tuking is equal to or grcatcr than the xmount of the sums sccu:ed by this ` �L . _
<br /> s.r�rr.��ratsRr --
<br /> �� Sccurity Instrument immediately before thc taking. unless Borrower and Lcndcr othcnsise agree in writing, the sums securcd by - -,.
<br /> this Securiry Instrument shall be reduceci by [he amount of the }�roceeds multipli� by the following fraction: (a) the totttl , I.YW.' _� ��,,_
<br /> � amount of the sums sccurcd immcdiatcly before the taking, divided by (b) the fair murket value of the Property immcdiutely ?��� —
<br /> , t���:
<br /> � before the taking. Any balance shsll be paid to Horrower. In the event af a partial taking of the Pr�per►y in �vhich the fair —.;, :`� _`__ --
<br /> ! market value of thc Property immcdintcly beforc thc taking is Icss than the amount of the sums secureci immediately beforc thc �:l,v—� �'""
<br /> ` taking, unless Horrower and Lender othenvise agree in writins or unless applicable Inw �therwise provides, the proceeds shall �,�:�_.�_____=___
<br /> � �;:__'�sc'-�av"� v-
<br /> 4 „�� bc applicd to the sums sccurcd by this Security]nstrument whcthcr or not thc sums arc then duc. ��
<br /> ' � If thc Propcny is abandoncd by Borro�ver,nr if, after notice by Lcnd�r tu Borrowcr thst thc condemnor offers to makc an :
<br /> j �, . award or settle a claim for damages, Borrower fails to respond tn L.ender within 30 days aRer the dute the notice is given, �°;�Y_-�_
<br /> ti�_
<br /> Lc;uaer i+authorizcd to collect und npply the proceeds,ut its option,cither to restoration or repair of the Property or to the sums _ -_�_
<br /> sc-cured by this Security Insvument, whether or not then due. �t.Y����."--
<br /> Unless Lcndcr und Borrower othcrnisc a�;rcc in writing, any upplication of procceds to principal shall not cxtcnd or �,7 �
<br /> r�,..':s
<br /> postpone the due date of tlte monthly payments rcferred to in parasraphs 1 and 2 or changc the amount of such payments. � `�
<br /> 11. Borrower Not Released;Forbearance Bc Lender Not s�Waiver.Extension of thc timc for payment or modification �,�,F�;�,
<br /> o[;unor[ir.�tion of the sums securcd by this Securiry instrumem granted by l.endcr to any successor in intcrest of Borrower shall
<br /> . ,'�.
<br /> ;� not operate to release the liability of the original.Borrowcr or�Bormw Y�.n�°i�,�sf�r navmc t�or,the wiseamodify amortizanon t� �?^�
<br /> _ •
<br /> . commence proceedings agams[any succc,w� �u ���«�..,..., . �..: :.. �...=.._ ...... . . - '
<br /> of thc sums sccurcd by this Security In,trumcnt by rcason ��f amy dcmanJ madc by thc originnl Borrowcr or Borrowcr's ?w�;�.
<br /> - � successors in interest. Any forbearunce by [..ender in exercising any right ur remedy �hall not be a w�siver of or preclude the
<br /> � sxercise of any right or remedy. �
<br /> ° � .. 12. Successars and Assigns Round; Jofnt nnd Sevcral Lfability; Co-si�ners. The covenants and agrcements of this
<br /> Security Instrument shall bind und benefit the successors and assigns of Lrnder and Borrower, subje�t to the provisions of
<br /> paragraph l7. Borrower's covenants and agrcements zhall be joint and several. Any Borrower whu co-signs this Security -
<br /> � Instrument but does not execute the Note: (al �s c�-signing this Security Instrument only to mongage, grant and wnvey t6at �
<br /> Rorrower's intcrest in thc Propeny undcr thc tcnns of this Sccurity Instrument:(b)is not personxlly obligatcd to pay the sums a : � a
<br /> . securcd by this Sccurity instrumenr, and(c) aerces that L.endcr and any othcr Borrowcr m.ry agrec to cxtend, modil'y, forbexr or �,x+�^;
<br /> make uny accommodations with regard to the tcrms of this Securitp[nstrumcnt or the Notc wichout that Borro�vcr'ti consent. ;
<br /> • 13. I.oan Charg�.s. If the loan secured by this Security Instrument is tiubject w a law which sets maximum loan charges, y
<br /> � and thut law is finally interpreted so that the interest or other l��an charges rollerted or [o be collected in connection with the J;�;;'�'
<br /> loan exceed the permitted limits,then: (a)any such loan charge tihall be reduced by the amount necessary to recluce the churge ;�•,�i'���,�r._
<br /> • to the permitted limit:and(b)any sums already collectcd from Aorrower which exceeded pemiitted limits will be refunded to �f„�'� w. . •
<br /> Borrower. L.ender may choose to muke this rcfund by rcelucing the princip�l rnved widcr the Notc or by making a direct �`-
<br /> " • nt to Borrower. if a refund reduces principal. the reduction will be trcat�eJ as a partisl prepayment wit hout any
<br /> �i_�:•
<br /> . P�Ym� .
<br /> ,. prepaymcnt charge under the Notc. � ��f`.�.
<br /> ti , , 14.Notices.Any nrnice to Borrowcr provided for in this Sccuriry [nstrumcnt shall bc givcn by Jclivcring it or by mailing
<br /> a it by first class mail unless applic:►blc luw rryuires utic i�f another mcthud.7'hc noticc shall bc dirccteJ to the Property Address �'�r�
<br /> w � , or any other address Burrower detignxtes by notice to Lender. Any notice to Lcudcr �hall be given by fir,t class mail to '1�., �, :
<br /> [.cndcr's address statcd hcrcin ar any othcr addretis Lcndcr dcsignutes hy noticc to Borrowcr. Any notirc pnrvidcd for in this u,:
<br /> . Securiry instrununt shall be decmed ro have hcen given to Borrc�wcr or Lender when given as provideJ in this parugraph. _ ���,-
<br /> � • I5.Governin� LA�s; Severubtlity. This S�curiry Instrument shall be govcmed by fcdcral law und thc Ia�v uf thc
<br /> , jurisdiction in which the Property is located. In the rvent ttrit any provision or clausc uf this Securiry Intitrument or the Nute .
<br /> �, conflicts with applicablc law,such conflict shall not affcct uthcr provisions of this Sccuriry Instrutncnt or thc Notc which can hc ,
<br /> ' given effect without thc conflicting provision. To d�is cnd thr, prav�sions of thiti 5ccurity Intitrument and thc Note arc dcclarcd , T�
<br /> ro bc scvcrablc.
<br /> � � IG. Borro�ti�cr's Copy.Borrowcr shall bc given onc conformcd copy of thc Notc and ut this Sccuriry Instrum�nt.
<br /> Form 3028 9/90 ,
<br /> -/l . • ' Nopo aol o �
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