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<br /> _ , paymeeats ttmy ttn loager be raquiFed.at the opuon of L�nder.if�artgage insuraao�coveaage(in t6�ambuat and for ci�.�period.
<br /> �� dtat Lender requriresl pmvid�lsy a�insuner agproved by�.ender Sgain•F,a�am�.s available actd is o6taiged.Bmnower sh�il pay _
<br /> �-`j�`==="�—'-" �.'t�gremiums requir�to maintain m.nrtgage ia'surance in effec�.or to pmvide a loss ieserve.untit Qte reqpiretnent fnr mortgage: .
<br /> _}..a.T.3.,�.,..�
<br /> -- ===-_�a in�utaace en�s in ascordance with any•wzitten agre�ment betwzen Borrower and L.ender or applica�hle Iaw._
<br />_ `�-�����`�=� 9.Lnsp�ctian. Lender 4r its agent may mske reasonable entr�es upan and inspzcaons of the'Praperty. Lender sha11�iva, .
<br /> '�sc-T_�'�"�,'``ys�' ' —�, -
<br /> Borro�ver notice at the dme�of or prior t�an inspection s�secifying reasnm�le ca►ass foi ths ins�ection.
<br />--'''�"�;�;;�..j,_` _ ' ` lOt Cond�na8on.'fhe proceeds of any award ar claira for dama�,e§,direct or consequential,in.connection wit@t any
<br /> .�_�,_��
<br /> ,�,.;.��:n::Y. , cond¢mnation ar other tatcing of any part of the Property,or for conveyance in lien of condemnation.are hereby.a^signed aad
<br /> � ,�`� ,; sHall be paid to�.ender. ' , . . • . �
<br /> - � 'c�: • In tAe gveat of a total caking of the Property.the proceeds shall(se applied to the sums secure�!sy this Serurity Insuument, _ _
<br /> �` : � � whether os not dien due.with any excess paid to Barrower. In the event of a partial taEcing af the Prog�rcY in wluch the fair . � �=-
<br /> :�l' market vaIne of the Propetty imtnediaieIy 6e�rose tde takinS is eqaat to or greater than the amouni of.the sums setarcd by this .-:_
<br /> _ • . . . Sec�rity Instr4ment imtr�ediatety before the taking,unless Borcower and Len�r otherwise agiee in wriaag,the'siuns secured by ____-
<br /> • ` `'. this Sec�rity jns.munent shall be reduced by the amount of the practeds muitipIied by the folIawing fraction: (a) the total • __—
<br /> .=.:�.=-..;�:� amount of tiie sumc secuted immediately ftefore the taking,divided by(b)the fair market value of the Pruperry immediatety =_---
<br /> " , -� _,;. " before the taking. Any 6atance shaU he Qaid to $orrowet. In the event af a partial taJdng of thc�s'opecty in which the fair —
<br /> ' � '=�,�' market value of the Properry immediately before the taking is less than the amoum of t�e s�s secured immediately befare t�he -
<br /> I• u'�"' taising,untess Boaower and Leader otherwise agree in wtiring or unless a�licable!aw othera+ise pt+ovides,the ptnceeds shatl =
<br /> ``.��.>F:#:%`�:r . 5 —
<br /> %z�•"�� ' ' 6e apptie+d to the sums secured by this Sccurity Instrument whether or not the snms are then dae. ____
<br /> ��._-_ __
<br /> � . If the Property is abaudoned by Borrower,or if,after notice by Lender to Borrower that the condemaor offe�s to q�ake an �,_;__..__ _
<br /> ` ' � • award or settle a claim for damages. Borrower fails to respond to L,endar. aithin 30 days after the date the notice is given,
<br /> ' " � Lender i�authorized to colleci and appiy th�pmceeds.at its opHon,either to restor�tifln or repair of t6e Froperty or to the sums �y' .
<br /> �_�----
<br /> • . • ' secured by this Security Instrument,whether or not then dae. . '=---
<br /> ' ` ` tTntess Lender and Borrower otherwise agree iu wriwig, anY aPplication of pmceecla w principal st�a11 nat eatead or . _'"''-�
<br /> ' . � .., �� ' postpone the d�e daie of the momhly pay�rtents referred to in paragraphs 1 and 2 or change�the amount of sach payments. �T---____
<br /> _-:� ._..._:_: ' '- --. .. -----Il.Barrower 111at Rele�s$d;Forbearance By Lendgr Nat a Watver.Factension of t6e time for payusent or madificadon ,-_= �- ----
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<br /> . . . . _ .....---------------�--...---��--�------�-�----- -
<br /> of amortization of the sums secured by this Security Instn�ment grantedby l.en3er fo any successor in in3el�t Zsf�Borrower�shall- -- ��f,�i�- _
<br /> � � , not operate to release the liability of die original Borrower or Borrower's saccessors in interest. Lender shall not 6e required to -
<br /> � ' . commence proceEdings against any successor in interest or refase to'extend time for payment or othemise modify amortizatian • - .`
<br /> � of the sums secured by this Security Instrument by reason of any demand made by the ariginal Borrower or Borrower's t�
<br /> , '� � � successors in interest. Any forbearance lsy Lender in exercising any right or remedy shall not 6e a waiver of or preclude the
<br /> � . ' exercise of any right ar remedy.
<br /> 12. Successors and Assi�ns Bor:u.�:3oi�t arsd Severnl LIa6ili,ty; Co-signers.The coverrant4 and agreemenu of tHis �'.�
<br /> °. Security instrument shalt bind and benefit the successors and assigns of Lender and Borrower. subJect to the pmvisions of ���__-----
<br /> �_--�
<br /> a �.t W. �-
<br /> .� • paragraph 17. Borrower's covenants an�f ageements shall be joint and sevetal. Any Borcower who ca-sigr� dus Security ��mm�_
<br /> ' � � Instrument but does not execute the ho;e: (a)is co-signing this Security Instcument anly to mortgage. grant and convey tfiat ��
<br /> � Borrower s interest in the Rroperty unde�the terms of this Securiry Instrument:(b)is not personally obligated to pay the swns - �'�
<br /> ' secured by this Secarity Instrument:and(c)agrees that Ixnder and any other Borro�ver may agree to eutend.modify.forl�ar or � "' ��'
<br /> ' • ' make arry acwmmodations with regard to the terms of this Securiry Instrument or the Note withaut that Borrower's cansent. •;���.:_1
<br /> . ' ' 13,I,flan Charges.If the loan secured by this Seturity Instramem is subject to a law wL+ieh sets maximum loan chatges,
<br /> � � and that law is finally interpreted so that the interest or other loan charges collected or to L*e collected in conneaion with the µ,.•'�
<br />�• , . . loan exceed the permitted limits, then: (a)any such toan charge shall b�reduced by the amount necessary to reduce the chs►rge "�_,�;.: �.
<br /> . to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limiu will be refunded to �. . ,. � ���,�
<br /> • ' . � � Bnrrower. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a diieet � •• • : ..� •
<br /> ..131i�'-•':�. •. �? \'•,
<br /> payment to Boaower. If a n;fund reduces principal. the reduetion wil! be aeated as a partial prepayment without ai►y �'"�• :• �;�:M1� ;�.
<br /> ' �, prepayment charge under the Note. '���;":`` ' ;t•;:
<br />= •- • � � 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be giEen by detivering it or by mailing -'�'•• �,�'�^;-
<br /> " it 6 first class inail unless a licable law uires use of another method.The aotice shall be directed to the Pra e Address ' ':�? � ''}="r
<br /> . Y PP �9 p � =�r:._ ;:'.�it�;,,
<br /> , • �. or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to - < �r y
<br />,= �_, � .. � Lender's�ddress stated herein or any other address Lender designates by notice to Borrower. Any notice pmvided for in this ' - �.••'�'
<br /> ` Security Instrument shall be deemed to have been given to Barro���er or Lender when given as provided in this paragraph. � •�'��'��;�y�:
<br /> ' � • � 15.Governing Laiv; Severab�'siy. This Security Instrument shall be govemed by fe�teral luw and the law, of th: • . .�
<br />_'�' : . � jurisdiction in which the Property is located. In ttie event that any provision or clause of this Secnrity instrument or the Note . •
<br /> ' . � conflicts with applicab!e law, such conflict shall no.affect other provisions of this Security..inswment or the Note which caa be ��
<br /> ' ^ . given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared , . � �
<br /> _ � . . to be seversble. ' •
<br /> : � 16.Botrowes's Copy.Borrower shall be given one conforcred copy of the Note and af ti�is Security lnstrument. ` � � . '.
<br /> • � ' ' Form 3028 9/90 c_•'� .. . � .
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