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<br /> �;.-_��•�'�'r4 . I � mentx�na na lon cr bc rc uircd,ut tliG o tio�i of l.cndcr, if i»art����;c in�iir�i��cc c��vice;igc:(ii� tlic i�miiu�tt n�t�l t��r Ilic��crio� " �
<br /> �;�� P�Y Y B 9 P t��:•-
<br /> ___�:_ ���-: � tl�at I.endc�• rec�uires)provided by un insurer npprovcd by l.cnder a�ain�ccomcs avnilnblc��ad is nbt.�incd. Uc�rrowcr+li;dl Elay _-
<br /> "-�''"�"""�f�'�� t6c premiums re��uircd ro maintnin nior�gnge insurincc in cfFcct,ur to pravidc i�Inss rescrve, until dir. rcquircmcnt fur mortga�e „_y,,
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<br /> -- insurnnee ends in accordnnce�vith a�ny wriue�+,ngreement bet�vecn I3orrower iind l.ender or npplicable law.
<br /> —_�'^s""''�`" 9. Inspcctian. l.cnder or its abcnt may make reasrni,ible entrics upon and inspecti��ns af die Pmperty. Isndce slmll E;ive
<br />"i�:�._.. . ......... .'� E:?:�
<br /> -_-�'�°�!'?°°"—t°�g?' 8orrower notice at the dme ot c�r prior to nn inspection EUecityiny rcasunable cuu�c fur thn iu,pect�un.
<br /> _-�.,;°�,���;;� 10. Condenumtion. Thc proceeds af uny c�ward nr claim fur damnges, direct iu cansequcntiul, in connec�ion witf� nny =___
<br /> ��'�cY ''"�"�'�"�. condcmnaticm or odier tukin of im art�f tlic �kro cn ur for convc muc in licu of condcnmution, nrc hcrchy assi�ncd iind
<br /> .___,.�.�r...��;�;�r�� B Y P' p Y� Y !�`a�.�:
<br /> _�-�.,=--°°•,�,�.�, shall be paid to Lcndcr. �
<br />-_�-±+���..�'���}��', �` ; in the evcnt of a total ta�cing of thc Propcny.thc pmcccds sl�all bc applied to the sums securcd by this Security Instrument, �"
<br /> �"�``=�' ����� � whether or not then due, with any excess p,�id to Borrmver. In the event uf a partinl taking nf the Property in which the fair °��---
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<br /> _~�°�'°"���;w,Y;_ i markct value of the Property immedintcly beforc the taking is cqual to ar grcuter than the ciuwunt uf the tiums secured by this �'°
<br /> -,�Y � `�"'"� Securit Instrument immccliatel b�fore the takin unlcss 8orro�ver nnd I.cnder othcrwise agece in writing. the su�ns secured by �`�
<br /> <,,��C' - ����. Y Y 8�
<br />"=;.M���`-�±�;':+• this Security Insnvment shull be reduced by the anmunt af thc proceeds multiplicd by thc following fraction: (a) the total
<br /> �.. �_,.:,��;,�r�.�..�.�:
<br /> -`-'-=n� ,. •. a.�•� amount of the sums secured inunediately before the t�king, divideci by (b) the fair marEcet value of the Properry immsdiately �-:�
<br /> -�=�^�r:�� f�'� before the takin An balunce shall be aid to Bonowcr. In the evcnt uf a artial takin of tlic Pro ert in �vhich the fair '��''
<br />_-_-_�.--_��'�'w�' �• Y P P S P Y
<br /> - -��`�'� markct value o�'the Property immcdiutcly beforc the taking is la+s than thc amaunt of the sums tiecured i�nmediatcly hcfore the
<br /> _-�;;�;,,v�e�"`�:�y;r'� __—
<br /> w'-��-r..�-.���..... taking, unless Borruwer and Le;nder othenvise afiree in writing or unless applicable law othenvise provides, the proceeds sliull _�_
<br />`-'���;�'�"`'' be applicd to thc sums securcd by this 5ecurity Instrument whethcr or not the sums arc then due. �'-
<br /> ° """�'" � (f the Propeny is abandoned by Borrower, or if,after noticc by I..endcr to Borrowcr that the condcmnor offers to make an �`_� �
<br /> - "".�.:.r".�j...e i.�.•, '
<br /> � � uw�rd or setdc a claim for damages, Borrowcr fails to respond to Lcnder within 30 d:�ys after the date the natice is given,
<br />="�'a''�-•.`�`�."`;;•.. I.ender is authoriud to collect and apply the proceeds,at its option, either to restoration or repair of the Property or ta the sums �'"l
<br /> ��+�w �rT� � ' sccurc�i by this Securiry Instrumcnt, whether or not thcn due. � T
<br /> ,.-,��-:;��,��` � Unless Li:nder and Borrawer otherwise agree in writing, any upplicution of proccecis to principal shall not extend or _ -
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<br /> 'X•��:� �� � postponc the due date of the monthly payments referrcd ta in paragraphs 1 and 2 or changc thc amount of surh pnyments. L�;_-
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<br /> 11.fiorro�ti•er Not Iteleased; Eorhea��unce By Lender Not a W�iver. Extcnsion of the time for payment or modification E,,-:-�-
<br /> ��`�'�'"'�'t�='''''� ' of amorti�.ation of the sums secured by this Securiry Instrument granted by I.ender to any successor in interest of Borrower shall _
<br />-n�'r.�::.:n:. . . . -•-
<br /> �- � not operate to relcase thc liabiliry of thc original Borrower or Borrower's successors in intcre.yt. Lender shall not be required to �,_:-_
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<br /> commence proceedin�s a�ainst any successor in interest or refuse ro extend time for puyn�eni or othenvise modify amortization ___
<br /> �;`'�""'' �•`�'z��. of the sums secureci by this Security Instrument by reason of any demand made by the ori�inal Borro�ver or Borrower's
<br /> - ,....s,.-�- successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the —_
<br />�� �•'�`..-�t� • exercise of any right or remcdy. L�:
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<br /> i.�._:;,.r�,�=: 12. 3uccessors nnd Asslgns Bound; Joint and Several Liab113ty; Co-si�Gners. The covenants and agrcements of this ,:._
<br /> =='`�r`� ` �" � "' Security Instrument shall bind and benefit the successors and assigns of Lender ancl Sarrower,subject to the provisions of �
<br /> ���.;,;;;':ii-'�;,.. .- �.�'�_
<br /> , . . paragraph 17. Borrower's covenan[s and agreGments shall be joint and several. Any Borrower who co-signs this Sec:urity _
<br /> -'==.�'�`-�`""" ~•`••� ' Instrument but does not execute the Note: (u) is co-signing this Securiry Instrument on ly to mortgage, grant and canvey that :r:.�
<br /> - - .�;'5�,�T'r-
<br /> �°`•'�"`''"''�^�`'° •' Borrowei s intcrest in the Propeny under the terms of this Security Instrument: (b)is not personally obligated to pay thc sums •. �.,
<br />- _ �• t.:.�._ ...
<br /> _ ��"';^"^�';` """'' sccured by this Security Instrument;and�c)agrees that Lcnder nnd any other Borrower may agrce ro extend,modify,forbcar or •��•!!�
<br /> � ...,yw,... . . :
<br /> '��*..�;;;w� make any accommodations with regard to the terms of this Securiry Instrmnent or the Note withnut that Borrower's consent. �
<br /> _ -=`-*. = 13.Loan Charges. If the loan secured by this Security Instrument is subjert to a l,uv which sets maximum loan charges. '
<br />_`��-:L"t.�� ��' and that law is finally interpreted so that the interesc or other losn chauges coUecteci or to he c:ollected in connection with the r'�`
<br />- r~>"'�'• loan exceed the pern»tteJ limits,Nten: (a)any such loan eharge shall be reduced by the amount necessary to recluce die charge a'�=
<br /> - "-' -"•" � to the permitted limit;and(b)any sums alrcady collected from Borrower which exceeded permitteci limits will be refunded to '
<br />-: :'�7'•' ' • Borrower. Lender may choose to make this refund hy reducin€ the principal u�vcd under the Note or by making u direct
<br /> , � payment to Borrower. If a refund reduces principal, the reJuction will be trcated as a partial prepaymenc �vithout any
<br /> ., . . . . , , prcpayment chargc undcr thc Notc. .
<br /> • 14.Notices.Any notice to Borrower provided for in this Sccurity lnstrument shall be�;iven by dclivering it ur by m�ilinF
<br /> � - • � . - . it by tint class mail unless applicable law reyuires use c�f another method. The notice shall be directed to the Property Address ".�
<br /> • " or uny othcr address Borrower designates by notice to Lender. Any notice to Lender sttall be given by first class muil to
<br /> .h Lender's address statcd hcrein ��r uny other address Lcnder dcsignatcs Ny noticc to Horrower. Any naticc providcd for in this
<br /> � 3ecurity Instrument shaU bc d�xmeci to have bcen given to Borrowcr or l.endcr wlicn given as providcd in this p�tragraph.
<br /> <, -. 15.Governin� Law; Severabllity. This Security Instrument shaU be �overned by fccicral law and the law of the
<br /> . ' jurisdiction in which the Property is located. in the event thut any provisiun or clause of this Security instrument or the N�ue
<br /> • • . ; , conflicts with applicable law, such conflict shall not affect otlicr provisions of this Se�urity Instrument or the Note which can Ne ,
<br /> „ • given effect without the conflictin�provision. To this end th�provisions of this Security Instrurnent and the Note are dcclared
<br /> " to bc severable.
<br /> . 16.Borrower's Copy. Borcowcr shall be given one cunformed copy of the Note and of this Sec�!�iry Instrument. .
<br /> , Form 3028 9/90 �
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