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<br /> aymc��ts n�y no longcr tu rcv#uirc�i, ill IIIC 11�U1111 UI�I,l'IILIL'P.if murtgngc insurancc ccivcr.igc(in d c a�inount,ind for tha(�cricxl �''"_'.
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<br /> tleat l.�:ndce rcyuires)pr�ividcd by an insurcr apprnvcJ by l.rndcr.�g:►in bccomcs availat�lc and is ot►taincd. Borrnwcr�haU pay
<br /> tt�e pr�mlum:�rcqu►red cu roui��t:,iu ui�rr�ga�c Im,�rancc in cft'cct.nP tn nuwide a I��s�resc�w�c, until thc reyuircn�ent fur mortgagc ��"_;;:
<br /> �..�-
<br /> insurance eixls in nrcorclunce�vitti any writteii ngreemenl hetwr.en B��rrnwer und l.ender or applicable law. c v`
<br /> 9.I�upcctimi. Isndcr��r it�n�cnt m,ry mukc rcasoriablc cntrics upon �md ins�scctians of thc Pruperty. l.cndcr sl�all give 7.�
<br /> tlorrowcr noUce nt thc tinx of or prior ta an ins[�cction sprcifying rcasonabic causc Por ihc intipcction. �-�.y,,;
<br /> .,•..
<br /> lfl. Cnudemnutio�e,'The pnxeeds of any nw�rd or claim tnr datnages, direct or consequcntiul, in connection with nny _
<br /> condemnatiai�c�r uther taking��f any part of Uie Prup�:�ty, ur liir ro»vcy;mce in licu of condemn:�tiun, are her�fiy:issigticd and �+:=�^
<br /> s1�aI1 be paid to[.cndcr, ��'�
<br /> In thc cvcut of a total�aking of Qic Property.thc prouccdti shall bc applicd to tho sunts ti�curcJ by this Sccurity lnstrumcnt, �_
<br /> whcthcr or not thcn duc. �vith any exccss p.iid to Ilorrawcr. In thc cvcm of a partiul takinL of thc 1'roperty in which thc fair �oW-�
<br /> markct vuluc of th� Pr�perty immcdiatcly bcforc thc t:tking ir cyu::l tn or Frc:aer tltan thc amount uf the su,ns sccurcd by this �:•V
<br /> Sccurity Instn�ntcnt im:ncdiatcly bcforc thc taking. unlc�s �orrowcr:�nd l.ender othcr�vi�c agr�r in writing,the sums securecl Uy ��.,_
<br /> this Sccurity [n.r•trumcnt �I�all bc rccluccd by tlic amount of thc procccds multiplicd by thc following fraction: (a) the tatal ��
<br /> :uuount of thc sums sccurcd immcdiately befor<:the taking,dividcd by (b) thc fair markct value of the Propeny immcdiutcly
<br /> before the taki�ig. Any bala�ice shall he paid ta Bonower.in the cvcnt uf u paninl takin� af thc Prop�rty iu �vhicii thc f�ir �
<br /> market value c►f the Property immediately beforc thc taking is Ics:�than the amuunt of thc sums securcd immcdi��tcly befarc the __
<br /> takin};,unlc��c Battmvcr and I.cndcr othcrnisc agrec it�wriung or unless applicable law othcnvisc pmvides, the proc�ds shall ex, _
<br /> Ibe applied tu die�ums�ccumd by thi�Seturity Instruntcnt whcthcr or not thc suens ure thcn duc.
<br /> If the Pro�xrty is abaitdon�l by E�orrower,or if,aRer notice by Lender to Borrower thnt die condemnor offers to make an _
<br /> �ward or settle a rlaim for dmn•rges, fiorrowcr failti ta re+pund to Lcnder �vithin 30 days aRcr the date th� ROII�C Iti s1VCD, _
<br /> l.ender is authorized tu collect and appty Qte proceeds,at its optian, either to restoratiun ar repair of the Fmper�y or to the sums
<br /> secuceJ by this Securiry Instrument,�shether or nut then uue.
<br /> Unless L.e�der and Sorrower othertivise agree in wriiing, any application of praceecis to principal shall not extend or
<br /> �ostpunc thc duc date of the�uonthly paymcnts rcFern�d to in paragr+phs I and 2 or cha�igc lhc amount of such payments. -
<br /> 11. Iiorru«er Not Released;F'orhenrrunce Iiy l.ender Nct a Waiver.Extension of the time far paymelnY or niaiificatian
<br /> oPamoni�ation of thc~ums securcd by tn�s accuri►y in,�rumoui b���i�n+uj L.n:�'uC.��.�u,:7°�`'"°-°'°�i:n!nts•mct tif RGifOWC�SIL7II
<br /> not oper:�tc to relc:isc�hc liability of th�:original&�rrowcr or porm�vcr's succcsson in intcrcst. Lcndcr shall not bc rcyuircd to
<br /> comcneitre pr<�recdings against any succeswr in intcrest or rcfusc to extend timc for paym�nt or othcrwisc modify amartiz.�tion
<br /> oF ihc sum,� sccurcxl by this Security Instn�ment lry reason of an)� dcinand made b�� the original Borrowcr or Borrowcr's
<br /> sttcccsson in intei•est. Any forbear.►nce by Lender in exereising any right or rcmecly::hall not be a wai��er nf or preclude the __.
<br /> exercisc of any rig6�t or runedy.
<br /> 12. Stkccs.wrs and Assi�,ns Iioand; Joint nnd Sc�rr.tl I.iabllit��; Co-s9gners. Thc covcnants and aigrccmcncs of this
<br /> Secu�ity Instn�mcrtt shall bind and bcncft ttic succcssor,and assigns of L.cnder and Borro�ver. Subject to the pravisions of �
<br /> paragrnph 17. Boreower'ti covenants �nJ agreemem, +h.dl be joint and several. Any fiorro�ver who co-signs this Security
<br /> [�istrumcnt but docs not cxecutc thc Nntc: (a) is co-signing this Scxurity I�ctrumcnt cmly to mortgugc, grmu und convcy that
<br /> Borcawcr's intcrest in thc Propcny undcr thc tcrnis o(�hiti Sccurity Instrument: (b) is nut peno�ially obligatcd to pay thc sums
<br /> secureJ by lhis Security Instrument: and(c)a�trees�hat l.ender and any other Bor�rower may agree to extend, mndify,forbear or __
<br /> make any acce�mmalatiuns with regard tu thc ternis ot'this Sciuriry lnstrument.ir the Note without that Borrower's conscnt. �r�_
<br /> 13. [.�an Chat��.If the loan securcd bv ibi, Scturiry Instrumcnt is,ubjcct to u la�v which scts maximum luan cliargcs, _ ,
<br /> anJ that law �s finally interp:�teAl so that ile. :',._rest nr other loan charges colle�ted or to be callected i►�connection with the �--
<br /> lo:m exceed the perm►tted limits,then• �al any such loan charge yhall be reducul by the amount necessary to reduce the charge __-
<br />- to the permitrsd limit: and (b)any sums already rullected from Borrower which excec:ded pennitted limits�vill be refunded to
<br /> �*'.
<br />- Borrmver. l.ender may choosc to makc this rcFund by rcducing the principal owcd under thc Notc or by makin� a d'+rcct �:;R
<br />- payment to k3orro�vcr. If a rcfond r.�duces principal, thc rcduction will bc trcatcd as a partial prtpaymcnt without uny `
<br /> prcpayi�tcnt chargc undcr thc Note. ~u�
<br />- 14. Notices. Any notice to f3orroEVCr provided f'or in dtis Security Insttuntent sh:dl be Fi��cn hy deliverin�it or by mailing _,,,,
<br />- it by first dass mail unless applicable la�v requires use c►f another mcthud. The notice shall be din.�ctcd to the Property Address
<br /> or any c�t".:r address eorrower drsignatcs by nntire to Lcndcr. Any notice to Lcnder shall be givcn by fint elass n►ail to
<br /> Lcndcr's r:ddress stateci hcrein or any othcr sddress Lci9dcr desi�°natcs by noticc to Iiorrower. Any r��ticc pro��idal for in this ,
<br />= Security Instrumcnt Shall be deemed to havc bcen given to l�ono��•er or Lender whcn given as providcd in this par�grsph.
<br />= 15. Coverning I.t�vr; Severu6i�ity. This Security Instrumcnt shall be govemcd hy fcdcr.►I la�v and thc la�v of thc
<br />= jurisdiction in�vhich the Pruperry is located. In Nir_ event that any provision or cl:�use of ihis Security Instrument or the Notc
<br />= conflicts with ap►zleeuble law,such conflir,t+hall not affect other p�����isions uf chis Securit�• lFlSCrument or the Note which can be
<br />� �iven efFc�t�vitlwut the conflicting provitiion. To this cnd dic prcevisions uf this Security ➢nac�•ttmcnt and the Notc arr decla►'ed
<br />- to bc srve:s�'r�ie.
<br />� 1G.Bbrrower's�'o�y.Horro�vcr shall bc giren rnie�bnformcd copy of thc Notc and uf this Securit}�Instrument.
<br /> — Fo►m 302U 9/90
<br />= Paga 0 nf 0
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