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<br /> �� � payments muy na longer bc rcc�u'vcd,�t tha opHon af Lcndcr,if inortgage insurancc coverngo(in the amount end fnr the period � '`��'
<br /> ::::�;�i�,�.•�a�{ ' . �11aI LC�IdC�ICQUItC9)pl�OVidCd by 0I1 IfiStuEf ej�LllvCd by LC�1dt18g81111yCCOnles 8v811Sble 07Id'IS ObtAiACd.Borrower ahaU 1�Y�3�e . :,;
<br /> �ums rcquiced to maintain mortgege Insuran�r.a in effect, a to pmmvlde a loss reserve,antil the requirement for mongagc ����Y"'-
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<br /> ,.r.� - insurance ends in nccardanee with any wducn e�reement between Borrower elsd Lender or applicabla 2�w. .:,,,
<br /> :�.}.i�� 9.Inspection. Lender ar its agent may mako reasonabk enpries upon an.d inspoct+ons of the Property. Lea�der shaU g�va �'"}n�f,��
<br /> ' :,�.�.!,.rn,��+4a.. ..,.
<br /> .. Boirower nndce at the t3me of or prior to an inspection specifying reasonable cause for the inspectlos�. -�;�`''
<br /> • � • 10.Cortdem�tloo. 'lt�e procoeds of any award or claim for darnages,direct or consequanti�, u,conn�ction with any ����i'�;'.:�`n
<br /> • • . ' wndemnadon oe other takIn��f any part of the 1'roperty.or for conveyance in Ileu of wndemnstion,am hereby agsigned�n� r='•.�:,;,ar
<br /> . �;:.�a:-_.,
<br /> � sliall be pald to Lendct. "�v_
<br /> , In tha event of a totsl taking of d�o Pro NT.=_��-v
<br /> ' perty.the proceeds sl�all be applied to tha sums securr,c!by this 5ecurity Instcument,
<br /> ��r� .,� whethu or nat thcn due,with any c,xcess paid w Hoaower.In tho event a�f a pardnl taking of the Pcoperty in which tho fait markct �y��_-
<br /> -�.�y; £ valuo of the Prope�ty immedlaiely before tho t�icing is equal to or ppreater tl�an the amount of tho sums secuacxl by tt►is Security E_-�'M=--"='
<br /> , • .`x; ��:. Insuvme.nt immediately beforo the tt�ilcing�unles.a Barrower and I.ender otherwiso agrex in wridng�tha sums eccurcQ by this =--
<br /> - Sc�c��ri[y Ins�n�mc.�t�ha11 be reduced by thn emount of the proceeds multiplied by the following fiactlon: (a)thc Wtal amaunt af i-
<br /> � the sams secured immedlately before thcs taking, di�ided by (b)thu fair niarket value of the Prope.ny immediately befom the °___
<br /> , takinE,My balu�ce shall be pai.d co Boaower.In tha cvent of a�artial wking of the�rnpecty in which the fair market valuo of the ���-
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<br /> - Prapeity immed3ately� before th� trilcing is lrss than tho amount of the sums securcrl immodiutely b;.fore the takirr�g, unless �_�J�--
<br /> •^�� , Boirowcr eud Lend�s ot�e,rwise agree�n wridng or unla�s applicable l�w oth�vise pmvides.the pre^�yhrl!t�eg�L�!lo�►!e -----
<br /> 5,.�,,M : sums seccued by this Security Instrumeat wheiher or not the siams nre Ihez�due.
<br /> ' �''`�'3• •� . If itta 1'roputy is abandoned by Borrower.or if,after nodcc by Lender to Bunowrx daat ttse condemnor offers to malce an �'��`��
<br /> 'c;,y'}?� -
<br /> award ur scttic a c13im for damages,Bomnwcr f a i l s to r�spon d to I.en d c r wi t hin 30 days aftes thcs date the notice is g iven,L.cnda
<br /> ° ,ae is authorizcd W collect and apply thc pror,eeds,nt its option,cither to restorasion or repair of the Propc�ty or to thc sums scxurcd - ---•-•-
<br /> , "`', by this Security Instrumcnt,whether or not then due. -..
<br /> ' w,�' Unless I.end�r and Borrower othe�cwise ugrec�n wridng,any appGcadon of proceeds to principal shall mot extend or postpone =—
<br /> , :' tl�a due date of the monthly payments referrcd nn in p °
<br /> ,,___ aragraalu� l,nd 2 or chanRe the amaunt af such paymen�s. ��=
<br /> �� �� 11.Borrower Not Rekased;Forbearance By Lender Not a Wp{ver. Extension of the tImo for paynient or modif'r.cetlan - _
<br /> . of amort+zadon of the s�uns secured Uy this Sec�uity Insuument�ar►ted by Len�er to any successor in interest of Borrower shaU =-� -
<br /> nai oparatc to cclease the liability of tho original Hocrowcr or Borrowcr's suoocssors in inteicst Lender shall not bc nquirat to `.�
<br /> , . . . cammence proceedings against any s�ccessor in intenst or refuse to extend wne for paymcnt or atherwise modify amorti�.suion of !�
<br /> the s�uns secuxed by this Security Instrument by reesan of uny demar,d made by the original Borrower or Bnrrower's succ.essors '�
<br /> • ,_ in Int�est Any forbearance by I.endor in oxercising nny right or remedy shall not be a wuives of or prcclnde the exercise of any '����
<br /> •� ��:. dght or rcmedy. ���hit�'�,.�_
<br /> � �� • lt.Successore And Assiges BouAd;Jotnt and SeverQl L�bUity;Co-seg�ers. 'I�e covenants end agccen�enls of thls ''-,�,.; ,
<br /> � ' Sccuriry Insuument shall bind ac�� benetit the successors nnd assigns of I.ender and Borrower, suhjer.t to tho provisions af "'�`�°� _
<br /> •� patagraph 17. Borrowet's covertants end agrcements shall be joint and several. My Borrowet who ca-signs this Socurity '`���'�. ;
<br /> . Instivment but das not eaccute the Note: (a) is co•signing this Security Instrument only to mortgage, grant end convey thet • -
<br /> - .. � Borrower's interest in the Propaty under the te,�ms of this Security Instnunent;(b)is nat personally obligated to pay the sums �
<br /> ' � sectua!by this Sceurity Instiument;and(c)agrees that Lender and:uiy othrr Borrower may agnea to extcnd.modtfy.forbea:or °
<br />' � • -� �"� ' make any accommoc�tiuns with regurd to die tem�s of this Secarity Instrumena er the Note widiout that Bonower's consen� . ''
<br /> � � 13.Loon CCiargRS. If the loan secured by thi.9 Security Instivment is sabject to a law whicl�sets maximum loan charges, �
<br /> , � . � and th�t law Is finally inte�preted so that the interest or oiher loan chsvges collected or to be ooltected in connecuon with the loan
<br /> :" • � • eacoed t�o p�nitud timits,then:(a)any such loan charge shall be mduced by the amount�ecessery w r�educo the charge w the
<br /> . p�amivai llmit;und @)any sums already collectcd from Bortowcr which exceedcd pe�miucd Wnits will bc refunded to B�irower. � �
<br /> "�" I.enckx may chooss to malce this refuncl by rc:ducing tl►e principal owed �xQer Ihe Note or by makang a dlrect payment to
<br /> � � � � Borrower.If a reSund reduces princip�l. the reducrion will be�eaicd av a parpal prepayment.withont any prepayment chorgo
<br /> . un�r.r the Note.
<br /> ,'' • 14.Noticts. Any noticc to Boirower provided for in Ihis Securiry Instrument shall be given by dclivering it or by maillitg it I
<br /> „ • • by first class mail unfess applicablc IFtw rcqutres use of enothcr method.Thc:norice shrill bc diec�cted to the Property Address or �
<br /> . any other addre.s.�Bomower desfgnates by no�ce to Lender. Any ceodce to Ler►der stiall bo given by Cvst class mull to Lender's i
<br /> :. ' . �� ed.clress stnted herein or any other address Lcnder designates by nouce ro Hocrower. Any natice provided for in this Scxurity '
<br /> •� � �;,> Instrument shall be deemed to have becn given w Bomo�ver or Lender whcn given es providcd in this par�grapl�. I
<br /> • 15.Governieg Law;SeverAbility. This Sccurity Instrumcnt shall bc govemal by fcrlcral law and thc law of thc i
<br /> : jurisdicaon in which the t'rope[ry is locatcd. In the event ihat any provision or clause of this Security Instrument or the Notc �
<br /> :� conflicis wi�h applicablcs law,such conflict shnll nat nffcct othcr provisians o�this Sccarity Instrument or thc Nou which can bc '
<br /> �„;.-• g(ven effect without ilie conflIcang pmvisioa.To thfs end�he provision�of this Security Instrument and r�c Note�re declamd to �
<br /> ` . ,'`� bc scvcrable. ;
<br /> __� �� Form 302a 9/90 f '
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