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<br /> �:a},�i{mti ��lay no tuager E:�►�:c��!ird,,t tlu:n��tinn�jf f.e��4c��, lf�ll[tiit��n�,iu;,�s;.��c+:cavcu�.,a(in t�tc r+n,u;mc an�t!ur d�r E�ri;�l =____
<br /> tt:at I.cuc�cr rcqnires)p:avided hy an insu�Yr aFi�rovec!by Lc'nGer:�nin bcconrts nvailab�c and is alrt�iuc�E.I3��rrou�'rr:�h�lt ��zy -
<br /> - i ' .u!r.?ni�i,r.tts111[Y1O1C_L'ii�.,^.111Slt1'i.li4i.11���`���i,m•to��ra�i�lc:l 10;5 YCSCt'Va„U11S1I(I1C Il'(�UIICUII'11C I�OP t1107Ig8$tl
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<br /> in3,urance ends in accorcfanc�with any written a�reemcnt between i3urrowe;and i...nd�cr or:�ppzicu'via i�,�+�
<br /> 9, Ynepertic�n. L.endcr or its a�ent ma�make r�a�nnahlc entries upon nncl inspectlons of tl�e,Props:fly. I.endcr sball give
<br /> �3orruu�er nutice at U2e timc of or prior ta►:►n inspectiun spe�:lfying re:�sot►able cause for the inspcction.
<br /> l0. Con�cmnalion. Tl�c p►'occeds of any a•uard or claim far dnmubes, direcE ar consu�uen�i�l, in contt;ction witli any'
<br /> cnndGmnatiun or ntttcr tnking af any ptul of thc Properry, or for conveyancc:in licu af candcmnateon, arc hcrcby �ssignai i:nd
<br /> sF��!!4�e�!�d to I�nder.
<br /> In tiie event of a rotal takir.g of Qic Prq►x�rty,Nze praccctls shall be npplied to thc sums su:ured�y d�is Sccurity Inst►wt�^_nt, __
<br /> ' wheti�er or not tlien due, wiUi nny exccss paid to Borro�vcr. In the event of n partial tnking of the Property in which the fair
<br /> mcirkct v;Juc af th�Property immecliatcly before the taking is cyu�l to or greater than the umount of tha sums sc=cured by this
<br /> Sccuriry Ins�rument immediately before thc takinb, unless Borrowcr and I.ender othcrwise ugree in wciting,the suri�s securccl by __
<br /> this Stcurity Instrument shall be reduced by the amount of the proceecis maltiplied�y the folluwing fractimi: (a) the total
<br /> umount of the sums seoured immediatcly beFore�tte taking, divided by (i�) the f.ur market value of the Property immediAtely
<br /> bcfore t�c t�ciug. A�y bnlancc sl�afl ke gsid to L�onowec In the event of a partial taking of the Pruperty in vsrhich the fair
<br /> market vnluo of the Property inunediately before the taking is less tlian the amouni of tlie sums secured immecliately before the
<br /> taking,unless Darrower and Lendcr otherwisc ugree ir.writing ar untcss npplicttble law otli�nvise provides, the proc�;eds s{iall
<br /> � bc applicd to the sums secured by this Security Instrument whether.ar not tlbe sums an then c1�tc� `
<br /> � lE the Propcny is�btindoned by Burruwer,ur if,aftcr notice�y E.ender to Rorrower ti,aY'dte condemr.aY.offers t�make an -
<br /> uward or settle a cluim for damages, Borrower fails to respond to Lender within�0 days after the dnte"tlic noticc is 6iven. �
<br /> Y.ender�s nuthorized ro collecc:u�d apply the proceeds,ut its opt+i��,eithsr to restoration ar repsd�of the F'mperty or ro the sums
<br /> secured by this Security Instrument,whether or not thcn due. ' ' ,
<br /> Unless Lender and Borrower othenvisc agrce in writing, any application of procecdc.to principal shall not extend or
<br /> post�ne the duc datc uf thc maitlily payments referrcd to in paragraphs 1 and 2 or change the amount of such paymcnts.
<br /> lE.itorPOwcr Not Relensed;FoPbwrnnce By I.ender Not u Wniver.Extcnsion of the time for payment or modl ication _
<br /> ..e___c.�__........,,,,....a,1 6...thic Cs•�uriW iacvumcnt era►ued bv I.ender tu any succrssor in interest of Borrower shall
<br /> UI i111NL�61Lqllvlt�rt usv o.....�....r.-.-----r --.. _ °
<br /> � not np�3�te io rclease the liability of the original Borrovuer or Borrower's successors in interzst. I..ender sliall tiot�e requireo io
<br /> �commenee proceadings ng�inst any successor in interest c�r refuse to extend timc for payment or otherwise mo�ify amortizatiun -_
<br /> of the sums secured by tf►is Security Instrument by re�uon of any demand made by the origtnal Bnnower ar Borrower's �._
<br /> successors in interest. Any forbearance by Lender in exercising a��y right or remedy shall not be a wniver of or pre,clude the __v
<br /> exercisc of any right or remedy.
<br /> IZ. St�ccessors nnd Ass�gn5 B�und;Jolnt nnd Severnl Liubility; Co-signers. 'I'he covenants and agreements of tliis �
<br /> Security Instrument shaA bind nnd benef t the successors and assigns of Lender and Bonotver, subject to tlie provisions of �
<br /> p;�ragraph 1'7. Honower's covenants and agrcements shall be joint und severuL Any Borrower who co-signs this Seciuity ___
<br /> Instrument but does not exe+:ute the Note: (A) is co-slgnin�this Security Instrument only to mort�age, grant and convey that c _
<br /> Rorrowcr's interest in the Property under the terms of this Securiry Instrum�nt;(b}is not personally obligated to pay the sums -.---
<br /> secured by this Security lnstniment;and(c)agrees that Lender and any other Borrower map a;ree to extend,modify.farbear or �__�,.
<br /> m:►ke any nccommodations with regurd to the terms uf this Security Instrument ar the Note without that Borro�ver's consent. �
<br />- 13.Lvan Cliaeges.If the loan secured by this Security(nstrument is s�lbJect to a 1nw which sets maximum loan ch�rg,:s. ����
<br /> and tliat la�v is finally interpretcd so Yhat the interest or othcr loan charges collected ar to tie coilected in cannection wiYh the _
<br /> loan excecd the�ernutted limits,then: (a)any such lonn�charge shall be reduced by the pmount necessary ro rcrluce the char�e `_�
<br />- to the p:rmitted limit;und(b)any sums already collccted from Borrowcr which cxcecdecl-�crmitted limits will bc refundcd to _..
<br />- Borrower. Lendcr may chaose to make this eefund by reducing the principal owed unde�r thc Note or by making u direa �;_:_
<br /> paymest tn Botrower. Cf a refund reduces principal, the reduction �vill be treated as a partial prepayment without any �-��
<br />- pr�paymcnt charge under the Note. `�"�__;
<br /> t4.Nottces. Any notice to Hono�ver provided for in this Sscurity Instrument shall Ue given by delivcring i¢or by m.uling •,;r•
<br />- it by('irst etass mail unless applicab4e law requires use of another method.The notice siiaU be dtrect�d to the Prnperty Addr�sa �
<br /> _ or any other nddress Bonower deslps�ates by notice to L.ender. Any notice to L.ender shull be given by first class mail to ,}
<br />- Lender s nddress stated herein or any othcr address�ender designates by notice to Bonower. Any notice Qrovided for in this
<br />= Scc;unty Inst�vment shall bc dc�med to have been given to Borrower or Lcndcr�vhen given as providcd in this paragraph.
<br /> � 15.Govcrnbng Law; 5tverabiltty. Tt�is Se,�;urity Instrumcnt shall be govemed by fcderal law and tlie law of the .
<br /> - jurisdiction in which tiic Property is located. In the event that any provision or clause of this Security�[nstrument ur the Note
<br />��� con(li�ts with applialble law, such conflict sh�ll not affect othcr provisions of this Securiry lnstrument ar the Note w6ich can bc
<br /> - �iven cffcct witi�out the conflicting provision. To tt�is end thc provisiuns of this Security lnstrument und thc Nate arc declared
<br /> � to bc scvcrsblc. °
<br />-� 16.Dorrowcr's Cupy.Borrowcr shall�e given one confonncd copy of die Notc and of this Security Instrurnent.
<br /> Korai 3028 9/90
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