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<br />__— payments may no longcr Uc reyuixcd,nt ti�e uption af I..cndcr, if mortgabc insura�uc covcrag:(iii thc�unount a�ad foe thc peri�d „ ,
<br /> � ttint Lendcr requires)provldecl by nn irsurer approvcd by Lcndcr a�;iiin bccomes i�vailablc uiid is obtnined. Barrn�vcr shull pay `yV�,
<br /> — thc prerniun�s rcquired to maintui�morigagc in,umnce fn effcct, ar to providc n loss reserve,umii thc rcquiremcnt for mortga�c �-s•.�,
<br /> - i9isuranee r.nds in accurdance with uny�vritten ngreement Uciween Qorrower:md I..ender or upplicable la��. ""'`
<br /> q. Ins�xctia�. [.ender or its agent may m�ke rcasonaUle entrie�; up�n and inspections of the Property. L.cndcr shall �ivc �-'`
<br /> — Borrower notice at�he time af or prior to a��inspectian specifyin�rwsonable cause fnr the inspection. �" -
<br /> F�,,,..:
<br /> 10.Condemnatlon. The praceeds of any nward or claim for da�nag�s, direct nr conscquential, in connection �vith any �
<br /> condcmnation or oAier taking ot'any part of thc Propcny, or fur convcyuncc in licu of amdcmnation,nrc hcrcby assigncd and �_.,
<br /> sliall be paid to i.cndcr. �''''
<br /> �.,.-
<br /> [n the event uf a total tuking of the Property,[he praceeds sha!l be applied to the sums secured by this Securiry Instnmtent, ���.
<br /> _— whether or not thcn due, with any cxccss pai.d to Bonowcr. In thc event of a partial takeng of thc Property in which the fair �++�:
<br /> ��._
<br />_=- mnrket value of tl�e PropeRy immediately befure the taking is equal to or�rcater than the nmounc of thc sums securcd by this �'
<br /> Security Instnnnent imtncdiately before the tnking, unlcss IIorro�vcr and I..cndcr othcnvise agrec in writing,the sums secured by �,.-
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the follnwing fraction: (a) the total �_
<br /> uniounc of thc sums se�ured immediatcly before the taking, dividcd by (b) the fair mnrket value of the Propeny immedintely --
<br /> � before die takinp. Any balance shuU be paid to Borrowcr. Ia the event of a partial taking of thc Property in which the fair �v
<br /> — market valuc of the Property immediately before the taking is less ti�an the amou�t of tlie sunis secured immedlately before the
<br /> taking, unless Horra�ver and Lender otherwise agrec in writing or unless applicablc law otherwise pravides, the proceeds shall —_.
<br /> = 7e applied to thc sums sccur-�..d by this 5ecu�ity Instrument�vhether or not the snmc:ire then due. . _
<br /> = If the Propc►ty i�abandoned by Borrowcr,or if, uftcr noticc by Lcnder to Borrowcr that thc caidcmna•offcn tn make an __._
<br />_T_� award or settle a claim for damages, Borro�cer fails to respond to L.ender within 30 day� after the date the notice is given. �
<br /> G:nder is authorizeci to collect and apply[he proceeds, at its option, cithcr ro resto�ation or repair of the Property or to the sums ��:;r;;,
<br /> secur�:d by this Sccuriry lnstrument,evhether or not then due. —
<br />��??� Unless Lender and Borrower otherwise agree in writing, any application of proceeds ta principal shall not extend or G��_
<br />;_.�;� postpone the due date of the monthly payments referred co in paragmphs I and 2 or change the amount of such payments.
<br />--- 11.Borro�ver Not Released;Forbenrance By[xnder Not a Wuiver. Extension of the timc for pAyment or moditication
<br /> �'�*'� of amortization of thr,sums secured by this Securiry Instrumenz grai�ted by I.ender to:�ny successur in interest of Borrowe�shall . - -
<br />,�� na1 operate to release the liability of the ariginal Borrower or Avrrower's successors in interest. Lender shall not be requirecf to
<br />:�;� commence proceedings against any successor in interest or refuse to extend time for payment or othenvise modify amortization
<br /> --- a'1F 2iC oui3:v " ..r:.� �j »h�� �..��r2r� Inctr�mrnt hv rr�cnn �f:my demand I11a�C bV th0 original Borrower or BOTfOWCI'�S �`
<br />,;� succcss�rs in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the �
<br /> ��� exercisc of any right or remedy.
<br />.-�� 12. Successors and Assigaas Bound; Joint and Severul Liabil[ty; Co-signex�. The covenants and agrecments of this
<br /> �_�� 5ecurity Instrument shall bind and benefit the successors and ussigns of C.ender and Borrower, subject to the provisions of �
<br /> =� para�raph 17. Borcower's covenants mid agreements shall be joint and several. Any Horrower wha co-signs this Security _
<br />_� instrument but does not execute thc Note: (a) is ca-signing this Securiry Tnstrument only to mortgage, grant and convey thut „�
<br /> �� Borrowcr's interest in the Property undcr the terms of thes Sccuriry Inst►ument; (b)is not penonally obligated to pay the sums ___
<br />"'�'�h7 secured by this Security Instrument; and(c)agrees that Lender and any other 9on•ower may agree to extend, modify,forbear or �
<br />'`_"__ make any accommodations with rcgard to the terms of this Sccurity instrument or the Note without that Bottower's consent. �
<br />'°"— II3.Loan Charges.if thr loan secured by this Security Instrument is subject to a law which sets maximum loan charges, ,�''
<br /> '"� and that law is finally interpreted tio that the interest or uther loan charges collected or to be collected in connection with the ��`-�
<br /> �:�_� loan exeeeci the permitted limits. then: (a) any such loan charge shall be reduceci by the amount ne�:escary to reduce the eharge '—=�
<br /> t�..
<br />= ��� to dte permitted limit;and(b)any sutns already collected from Borrower which exceeded permitteci limits will be refunded to -,
<br /> °=�a Borcower. Lender niay choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> T9� payment to Bonower. If a refund reduces principal, the reductian will be treated as a partial prepayment without any �' ?
<br /> .4. _
<br />=�s,,', prepayment chargc under the Notc. ���p
<br /> ;� 14.Nofices.Any notice to Borro�vcr provided for in this Sccuriry Instrumcnt shall bc given by dclivering it or by mailing ;,
<br /> it by�"irst class mail unleu applicablc law requires use of anothcr method. The noticc nh�U be dirccteci to the Property Address .� ^
<br /> ''-'� or any other acidress $orrower designateti by notice to Lender. Any notice to Lender shall be given by first class mail to � '
<br /> `;j I.endcr's address stated hercin or any other address L.cnder dcsignates by notice to Borrower. Any notice provided for in this �
<br />` ;� Security instrument shall be dcemccl to havc be�:n�iven to Borrowcr or Lcndcr whcn given as provided in this puragraph. •
<br />•_-.�:� 15.Governing Law; Severnbflity. This Sccurity [nsn•ument sh�ll be boverned by fcdcral law and the law of the
<br /> jurisdiction in which the Propeny is located. In the event that any provisiou or clause of this Security Instrument or the Note
<br />_��r� conFlicts with applicable Inw,such conflictc shall not aCfect other provisions of this Security Listrument or the Nate which can be
<br /> ti;;� given effect without thG conflicting provision.To this end the provisions of this Sccurity Inswment and thc Notc are declamd
<br /> }� to be severibla
<br /> '� 16.Burm�ser's Copy. 6orro�vcr shall be givcn one conformcd copy of thc Notc and of this Security Instrumcnt.
<br /> Form 3028 9l90
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