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<br /> ��tt�'��+���t , �� � � � � , . � �5_- Z0�;�2� . . � �:
<br /> -��_ °`'"'s�_' f '-'� ' a nts a�a no lon er be uue4.at tbe non of Lsnder.if q�art e insuiance coveru e{tn the aa�u:mt anQ for ttie od � �
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<br />_:F::•;��:.; :, = -< that Lender requis�es)pravlded by art insurer appmued by icnder again 6ecbm�,s available and is obtained.Bonnwer'�hail pay.
<br />'''+ � - .• the premiums requiced to maintain mortgage insurance in effect,or to pravide a lass resetve,umil tlte requirarnent for mort�age ,
<br /> f . . � .insurance ends in acco�dance�vith any�vritten agnement�etween Borrovier and Lender dr applicable law. ` �
<br /> `'' ��. �'' � .9.Ia��on. LQnder or its agent may make reasonable entries upan and"inspections of the I'cope,rty.Lendei shall give ,
<br /> ,` .,, •:. _ �rrawer s�otic�at ti�e ti�of or prios to as iasgection specifying reasoi�6ls ca�se for tfte insge�ioa> '
<br /> . :;..� �., . .
<br /> � •10.Caad�nation. The pre33ceeds of any award or claim far damag�s,dirut or consequential; in connection with an}r
<br /> . condemnation or other taiQng of any part af the Property,or for+conveyaa�in tieu af condemnatioa,are herebgr assigned and
<br />,;�`� shall be paid to I.ender. ` '
<br />'•;°�;'�._.�;�� .� �j In the event of a tatal taldt►g oY the Propeircy,the proceeds shall be applied to the sums secured by dvs Secuxity Ias�tz., : : �
<br /> �..<� .�:. whether or not then due,with any excess paid tn Bomower. 1n the eveni of a partial talsing of the Prdperty ig�°��ich ttie�'.:r �
<br />_,�.:-: '-,''-�� .• ;. :..� .. �crt et value Q�t�e Property immedia.tety 6efore the t2isi�is equal t.n cr�reater tir�ii r�--:.�TO��t��st#m.s t�hred by this :
<br /> t. �rsiity Instr�-nent immediately 6efore ti�cik�g��r..:rL�ii{rower and I.ender oiher�:'se'agree in`�.�"a:.g,`.fz��os secured by
<br /> ,�' . • f`�, ti►is 5ec�rity insavment shall be reduced�Ly the amoura of the proceeds muttiplied by the foltawing fra�tion: (a) t�e.tota!
<br /> ? . � . , ' amount of the sums secured immediazely beforc the taking, divided 6y(b) the fair�market vaiue of the Property imnreliiatelq
<br /> �,,<�...:_ :--< � before tfie taking. My balarice shal! be paid to Borrower. tn the evenE of a partia! talcing of the.Property in urhich tke fair
<br /> market vatue of the Property inunediateiy before the taldng is less than the amouat of't'1ie swns secured immediatety before the
<br /> � �, � .�•�• °� ���� e�ang,untess Bormwer�nd L.enSer otherwise a�ree in wriUQs or unless applisabte law otherwise p�ovi¢es.the pra�s sha�l..
<br /> �' � � - .�, . 6e apglied to the sums secured by this Security Instrument whether or not tbe sutns are t�en due. �� �
<br /> �; �'__ <<, • , [f th�Prope�ty is abandnned by Barrower.ar if,�fter notice by Ltrtdee to Bnrrouer that the candcmnor oifers to make at!
<br /> __ ...,,...,-`.-�- --: ..
<br /> ' ` ' - � -� " —��---� award�or-ycttte�a-claim�for-damages:-Borrowrr-fails-ta-respond-to-l:ender within 30 days uRer the date tfi.^,nntl¢e is given:
<br /> . � •. ,,.:�. . Lender is uuthoriz�ci to collxt s�nd npply�he pr��cetds.at its aption.either n�restbrntion ar iepaIs o�[hc Froperty or io�t�Tie su� . T f ^
<br /> '. • • . secured by this Sccurity Instrument,�vhether or not thcn due. . �
<br /> � - " •. Unicss i.endcr anJ Borrowcr athenvisc ugrce in �vriting, any upplicaYinn of pmcceds to princfpni shall rtot cxtcnd or
<br /> -"' "' . postpync tha duc Qate of thc monthiy paymcnu rcfcrred w.in paragr�pJts f nnd 2 or cftange the amount of such p�ymcnts. � ��
<br /> • � ; ll.liorrowce Naf Releused;For6euronce By Lender Not a Wuivcr.Extension of the.time for payment or madifir.ation �'"��"'
<br /> . r:�•
<br /> ' • . . � • ef amortiiation of the sums sccured by this Secucity Instrument granted by L.ender to any surcessor in interest of Bortower sha(1
<br /> . , not operate to release the liability of the origina!Borrower or Borrawer's snccessars in interest. Lender�hal!not be require�w �+�-
<br /> , . . _ commence proceedings against any successor in interest ar refuse.to extend time for paymem or otherwise madify,amortization ' _
<br /> of the sums secured by�tUis Securiry lnstrument by reason of any demand made by the ariginal Borrower•or Boaower's ■�;�.
<br /> � � . successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the °
<br /> . eaerc�se of any right or remedy. . ���-
<br /> � � ' ' . 1Z. Soccessms aud Assf Hound;doint and Several Liab' ���~
<br /> gus �ifty;Co�signeis.The wven�ts�d agreements of this ,
<br /> , - ._ Security Instrument shall bind and beaefit the successors and assigas of I,ender and Borrower. subject to the provisions of �-'•
<br /> � � � . paragsaph 17. Borrower s covenants and agreemenu shall be joint and several. Any Borrower who co-sip�s this Security +"�=--
<br /> •- . Instnunent but doc not execute the Note: (a)is co-segniag t6is Security Instrument only to mortgage. gant and comey thai ���
<br /> � .. Borrower's interest in the Praperty under the terms of this Security Jnstrument:(b)is not personally obligated to pay the sums .`;;.�,=�.�
<br /> ''� • �xured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or ` �-
<br /> . "'��� make any accommodarions with regard to the terms of tlus Security Instrument or the Note without that Borrower's consent. 3��
<br /> ',V, i•�� • 13.Loaa Cha�ges.If thb loan secured by this Security Instn�ment is subjeet to a taw which sets maaimum loan charges. �
<br /> `�� �" ' and ihat law is finap �nte reted so that che interest or otfier loan char es wllected or to be oaE�eeted in amneetion�vith Ei�e
<br /> �Y---�: _ Y rP g
<br /> :�;.' - - .
<br />_�'` ±�". . • loan exceed the permitted liauts.theo: (a)any such loan charge shall be reduced by the amoune necessary co re�ece ttie charge - -
<br /> � . to the permitted limit;arjd(b?flny sums atready collected from Borrower which exceeded permitted limits will be refunded to - —
<br /> `� Borrower. Lender may choose to make this iefund by redacing the principal awed under the Note or by �nalcing a direct ` �
<br /> :�. • payment to Borrower. If a refund reduces principal. the reducdon will be treated as a paitia! prepayment without any —T-� = �-�,,._:
<br /> �r:�:":a..--
<br /> • �r• : . prepayment charge under the Note. _r,t;+���=.�
<br /> � " 14.Noftces.Any notice to Borrawer provided for in this Security instrument shall be given by deliverirts it or by mailing
<br /> � ���.. ' • � ic by Frst class mail unless agplicable law requires use of another methad.The notice$hall be directed to the Property Address
<br />_ � � � or any other address Borrower designates by notice to Lender. Any notice to Lend�r shal} be given by first ctass mai! to ; .�'�
<br /> _��, .
<br />-;;� . . • Lenders address stated hcrein or any other address Lender designates by notice to Borrower. Any notice provided for in tbis
<br />__'�+;�; • • � Security Instrument shall be deemeA to have been given to Bonower or fl..ender when given as provided in this paragraph. : .
<br />= `� ' ` ��� � 15.Governing Lstw; SeverdbiUty. This Security Instrument shall be governed 6y federal law and the law of the
<br />" ��_ •,��•�'. • jurisdiction in�vhich the Property is located, ln the event that any provision or clause of this Serurity Instrument or the Note
<br /> �_'�`.`�ii' ' • ,
<br /> __g.;,�„ . . � conflicts with applicable law.such conflict shalt not affect other provisions of this Security lnstrument or the Note which can be .
<br /> ��f"�'� : � � given effect without the conflicting pmvision.To this end the provisions of this Seruriry Insuument and the Note aze declared
<br /> ,��.,. .
<br /> '�`�� to be sevemble. � � � .
<br /> '� . �. �• • Y6.Borrotver's Copy.Borrower shall be given one conformed copy of the Note and of this 5ecurity Instrument. '`
<br /> .���� ' .� ,. � Form 3028 8/90 � �
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