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<br /> •- -��.:-. ' paym¢�us u�ay eo Ionger be[equired,at the optior�.of Leade�. if mongage insurance caverage{in the amount Futd for the periad
<br /> Y r y � that Legd�r tequires)provided by an iasurer appmved by Lertder apin b�omes�vailable and is obtaiaed.Bnrrawes shaii pay . --_-
<br /> °, ,:° - ;� � .
<br /> � ' the preminms re�uired to,maintain rnortgage insur,uice in effect.or to pmvtde a toss reserve.�until the re�uirement for mortgage
<br />,-.`. � �•.'�`��. � insurauce ends in aesotdaace with any written n�nt 6et�veea�orrower and Lender or appiicabie lav�. , ___
<br /> _-u- - 4.is�.l,eacter ar its agent may m�ice.re�sonable entries ugna and insgestians af the Property. I.ender sf�alt give
<br />_ ` '`..•�` �;�-�4.� � �orrower aatice ai the time of ar prior to an inspection specifying reasonable cau�e for the inspection. ,
<br /> - . ��;ra__�; , Y0.CoudetnnatIon.The pmceeds af any award ar claim for damag�,direc�or consequential, in�connection witb�y+
<br /> • �� condemnadon or ather talsing of any pari of the Property,or fas conveyaac�z in lieu of cc�emnation:are hereby assi�ned.and
<br /> '� � ��' shatl6e paid to LendQr. : . • ' , .
<br />- � 1n the event of a total taking of the Propesty,ttte pmceeds shal}6e apptied to the sums secured by this Seturity Irzstrument,
<br />�����-`"��`::� s,-���" whether or noi then dae,witi�any exoess paid ta Eorrovrer. In the evedt of a partial ra�of the Property in which the fair
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<br />°�`�� . .�.-�-v market value of the Propeccy immediately before the taking is equal ta or greater tHan the amount of the Qums secnsed 6y this .
<br />=-- Secarity InstrQmera immediately before the taIdng,�ntess Boreower and Lender•�thervrise agree in writing,the sqms secur�d bX
<br />=� � � •'"r this Security Insttumeat sGal! be r�duced by ths amonnt of the proc�eds maltipiied by the foltowing fraaron: (a)ths wtal.
<br />�° Y � amoum of the sums secured immedfately before the taloing,divided by(6)flic f�ar market vadue of the Property imstediate4y
<br />= before the ra�.�1ny 6alance shall 6e paid to Bormwer. In the event of a partial taking of the Properry in wlush the fair �
<br />-- • ` masket valoe of the Property immediateIy befate the t�king is less thars the amount of t�e snms sec�d immediateJy before the ..
<br />_- • i-.� taking, aniess BorraMer and Lender otherwise agree in writing or unless applicable law.othervirise provides; the procee�s shall ,
<br />-. �' '�: be applied to the sums secured by this Security Instrameut vt.Lether ur not L�».�ms aie then due. ' .
<br /> , ' .°� � ,4 If the Pcoperty is abandoued by 8orrower.or if,after notice by Lertu�r to Barrower that the coni3emnor offers td c�.ke an .
<br />" -`. ':Pi:r.i; i. . .. �
<br /> ;_°::A�:,'�, awar�c�seule a claim for darnages, �orro�ver fails to res���tn Lender within 30 day§aRer the date cite ne�:x is given,
<br /> ; .''�, ' . Lsader is authoriud to collea and�siy the pracceds,at its a�.:rs.either to restoration or repair of ttiee Property ar��t::�snms
<br /> . secumed by ttus Seruriry Insuame�,w-hether or�the�due. . '� ,
<br /> ±.. '......__. . Uniess Lender and Borrow�er otherarise��e in writi�, any appliasion of proceeds to principat..shatl not.exieud or .
<br /> ' W�',;,�,f•'s:��,..;.� � postpa�the due date of t�he monthLy payments referred to in p�.�apl�s I a3d 2 or change t�e amonnt of such paymz�;s.. .
<br /> , . • =;:"::�• 1!.Borrawer Not RetQased;�arbearance By I.eadee.l�ot a�Vaiver.Extension of the time for�aymsnt or moili�fication
<br /> ' of amo�6ration of the sums secured by this Securin Instn�ment granted by Lender to an}r successor'sn iitterest of Honower shalt -
<br /> - • not operate to release the liability of the originaE Honower or Borrower's successars in interest. LenQer shall not 6e reguir�to �
<br /> � � � ' cominence praceedin;s against any suec,�sor in interest or refuse to extend time for payment or atherwise modify suuorti�atlon
<br /> • �''°. of the sums secured by tf►is Security Instrument by reason of any demand made by the �riginal BoaoweY or Horrower's-
<br />--_ ,_ successors in interest. Any forbearance by Lender in e�etcising any right or remedy sh�ll not be n waiver af or�reclude ttie
<br />_ ��'', : � . i exercise of aay right or remedy.
<br /> �:__ ; ,�� �,�, . , 12.3ucecssoss and A.�sSgns Bound;Jotnt and Seveeal Lia6Wty; Co-sfgue�s. The cavenants•and agreements of this
<br />=������'�^ Security Instrument shall bind and benefit the successors and assi�nis of Lender and Borrower, subject to the provisions of --
<br /> _ �`� '�'.; pazagraph 17. Enrrower's covenants and agreemenu shall be joint and several. Any Barrower who co-signs this Security �
<br /> - `•`•`-'.'•`«••� Instrument but daes not execute the Note: (a)is co-signing this Secarity Instrument only to mortgage.gcant and convey that -
<br /> '��.f,�`:; '�;;; � Borrower s interest in the Properry under the terms of this$ecurity insfrument;(b)is r��t personally obligated to pay the sums
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<br />-z,t,:;__,-:'-�:.�;�' se�,ured by this Security Instrument:aad(c)agrees that Lender and any othes Borrower lnay agree to estend,modify.forbeat or
<br /> � � make any accommodations with regard to the terms of this 5ecurity Instnunent or the Note without that Borrower's consent.
<br /> ����'•�� 13.Low Charges.If the loan secured by this Security lnsmrment is subject to a law which sets maximum laan charges. �
<br /> 'L`'•;r "'�a � and that law is finally interpreted so that the interest or other loan charges collected or to be collecte�in conn�tion with the _
<br />-- • °� Ioan ezceed the permitted limits.then: (a)any such loan ct�ge shall be reduced by the amount necessary to reduce the charge • __
<br />- " • to the pemutted limit:and(b)any sums alr�.dy c�?Iected fram Borrower which eaceeded permitted limits will be refunded to _-_
<br />����`� � �: Borrower, Lender may chaose to make this re�'und by reduting the ptincipal ovved under the Note or by making-a direct �.:-
<br /> • .. . payment to Borrower. If a refur�d reduces principal, the reduction will be treated as a partial prepayment without any -
<br /> �- � • prepayment charge under the No:e. 'rf�
<br /> - - .,_ • 14.Nottces.Any notice to Barrower provided for in this Securiry Instsumer�t shall be given by delivering it or by mailing �''�
<br /> � ' . � ° it by first class mait unless applicable law requires use of another method.'IF�e nouce shall be directed to the Property Address �
<br /> _�;::��.•;:. .� or any other address �orrower designates [ry notice to Lender. Any r:,::ce to Lendec shall.be given by first class mai! to .
<br /> y�.•.i• .�. • Lendea s address Stated herein or any other address Lender designates by notice to Borrawer. Any notice provided for in this
<br />=-�-;:::�.,",, �'.. . Security Instrument shall be deemed to have been given to Borrower or Lendcr when given as providod in this paragraph.
<br />�• -` '' ' 15.Goveming Law; Severabi�ity. This Security Instrument shall be govemed by federal law and the taw of the .
<br /> „, r` �:"'_
<br />`�'-'"�'�•�. .�� ' jurisdiction in which the Proyerty is located.ln the event that any provision or clause of this Security Instrument or the Note
<br /> "'-°�°`i"`'"���� conflicts with applicabte law.such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> -- '� .�;: .
<br /> _y�j�f�:,°,•:. :� . given efPect aithout Aie conflicting provision.To this end the provisions of this Securiry lascrument and the Nore are decfared
<br /> -= � `j �;� ' to be sevemble.
<br />__ ,- : t ? 16.Borro�ver's Copy.Borrower shall be given one conformed copy of the Note and of this Security lnstTUment.
<br /> - ., . , form 3028 9/90
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