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<br /> , p�ymente nu�y no Inn�cr I�rtquirMl,ut tiw apUon uf Isn+lcr, if n��m&�ugc insurancc cuvcrage(in ttt�anxwnt and[ur Ux{feN�x! `--
<br /> thut l.cixler rcyulres)proviacd hy�u�insurcr upprove�t by l.c►�dcr again;hccon�cy uvntlahlc�ind is abtainad. &umwe��0 p�Y
<br /> �ha premiums rcquimi t�9»�intAin nwhgxBa insuru�xr h�ef1'ect,ar tu�mvide u lass reseeve.umil tlro t+Rx►ui�enr,nt Qc►r martg�a
<br /> insurcu�cc cnds in accardunce with any�vriue»ag�ccment t�tween�rcower nnd�.ender ur npplicuble inw.
<br /> 9. Inspecllon. Isndcr or itx ugcnt ir+ay makc rca_sanablu entiic�.upon ui►J iu:��tluns af thc Presperty. L.cudcr sh�ll Livr �__ - -
<br /> 8nrrowcr nati6e at tb.�time u�ar priur to an inspe�.�tion specifying reasonublo a�ufie far tho ina�ctton.
<br /> 10�Condeninatlan. Thc pmcceds of uny nwnrd or cluim for damagcs. direct ae rnnsequcntial. in conncctlon w�th uny
<br /> condemnation c►r other tnking af nny part of the Property.or for conveyunse in lieu of r,ondemnation. are hereby assigned w�d
<br /> shall be paid ta I.ender.
<br /> in tho event�f u towl taking of the Properiy,the proceeds shall be upplicd to the sums secured by thiA Security dnsuument.
<br /> whether or nat then dae. with nny excess paid to Borrower. Tn die�vent of a pertial taking of the Property In +vhlch tho fair -- -
<br /> mnrket value of the Property immediutely before the tnking is equal to or gteater thnn the umount of tlie sucns secure�by this
<br /> Secudty[nsuument tmmediately befam the taktn�. ualess Bonower and Lender otherwise ugree In wdting,the sums sec�red by
<br /> this Securiry Ynstrument sh�ll be reduced by the sunount of the proceeds multipiied by the foltowins fraction: (a)the tatal
<br /> tunount of the sums secured immediately beforc the taking. divided by(b)the fair market value of the Property immadiuzely
<br /> before the wking. Any balunce shail be paid to Borrower. In the event of a partial taking oF the Property in whjch the fair
<br /> market value of the Property immcdiately before the taking is less than tha amount of the swns secured Immediate�y before the
<br /> taldng.unless Borro�ver and l.ender othenvise ugcee in writing or unless applicuble!aw oWerwise provldes.the proceeds shull
<br /> be applied to the surns secured by this Secudty Instrument whethcr or not the sums are then due.
<br /> If the Pruperty is abandoned by Banower,or if,after nodce by i.ender ta Borrower that the condenuior offers to mnke un
<br /> award or settle a claim far damnges, Borrower fails to respond to Lender within 30 days after the dutes the�oHce is given.
<br /> l,ender is authodzed to coltect and apply che procceds.at its option,either to restoration ar repair of the Praperty or to the sums
<br /> secured by this Security Instrument,whether ar nat then due. ���tian of raceeds to rinci shail nat extend or
<br /> Untess Lertder and �orrower othen��ise agr� in writing. any app p P P� --
<br /> ' postpone the due date af the monthly payments referreil to in paragraphs 1 and 2 or change 4hc amount of such payments. ,_,.,,�.
<br /> 11.Borrower Not Releused;Forbearance By Lender Not a Waiver.�xtension ot the titate for payment or modificadon
<br /> of amortiuttion of the sums secured by this Security Instrament granted by I.ender to any successor in interest of aonower shall
<br /> nnt o�r���t.�rele:�xe thc liabitity of the or��;inu!Barrower or Borrower's successors i�i interest. Lender shall not be required to
<br /> commence procec.dings against any successor in interest or rzfuse to extend time for payment or otherwise modify amortizatiun
<br /> of the sums secured by this Seruriry Instrument by reason of any demand made by the origin�l Borrower ar Borrawer's
<br /> successors In interest. Any forbearance by Lender in exercising any right ar remedy shull nat be u wetver of or preclude the _
<br /> exercise of uny right or remedy.
<br /> 12. Sttccessors and Assig�s Bound; Jotnt nnd Several Uabtlity;Co-signers. The covcnnnts and agreements of thjs
<br /> Security Instrument shall bind and benefit the successors and ussigns af Lendcr And Borrower, subject to the provisions of
<br /> parugrnph 17. Borrower's covenants aad agreements shall be joint and several. Any Dorrower who ca-signs thls Secur�ty �r`
<br /> Instrument but does not execute the Note: lu) ls casigning this Secudty Instrument anly to monguge,grnnt and convey that
<br /> Borrower's interest in the Property under the tcrms�f this Secur�ty Instrument;(b)is not penonaqy ubliguted to puy the sums �_
<br />- secuced by this Security[nstniment:and(c)agrces thut l.ender und any other 8orrower may u�rec ro extend,modify,forbesu or o -
<br /> . make any uccommodatiuns with rcgurci to the terms uf this Secur�ty Insaument or the lY�xe withfluc that 8orrower's cansent. �
<br /> 13.LOflD CIIAI'�',CS. If the laan secured by this Securitv Instrununt is subject to u luw which sets max.imum luan charge�. .m_
<br /> and that law is finally interpreted so that the interest or other loan char�n collected or to be coilected in connectlan with the �"�
<br />- loan exceed the permitted limits,then: (u)au►y such loan charge shall be reduced by the amount��ere�snry to reduce the churge �_y_
<br />° to the pertnttted limit:und(b)any sums almudy cullected from Borrower which exceeded permitted limits will be refunded to =__
<br />� Borrower. Lender may choose to make this refund by mducing tt�e principal owed undcr the Note or by making a direct - u.
<br />_ puyment to Bormwer. if a refund tedtx:es principal. the reduction witl lx treated as A panial prepay�ttcnt without any '��-'�;.
<br />_, prepayment charge under thc Note. �`�
<br /> � I4.Nottces.Any notice to Borrower provided for in this Securiry Instrument shall be given by deliverins it or by mailing _Y;
<br />= It by 6rst class rnail unless upplicable law requires use uf unother nsethod.The notice shall be directed to the Properry Address `
<br /> ° or any other address Borrower desi�;natr+ by uutice tu 1..�.ndcr. ltny notice to i_ender chull be given by first clttss mail to
<br /> - Lender's address stated herein or any other address l.cndcr designatcs by notice to Borrower. Any notice provided for in this
<br /> ' Seturity instrument shal{be deemed to huve been givcn to Bornuwer or Lender when given as provide3 in this p:uAgraph.
<br />= 1S.Governts� l.nw: Severubility. This Security Instrumcnt +h;ill be govcrned by federai law and the la�v of the �
<br />" jurisdiction in wh6eh the Property is Iocxted. Jn the event that any pmviti+on or clause of this Security Instrument ur the Note ,
<br /> a conflicu with applicable law,such canflict shall not affect other provisiuns of this Security Instrument or the Note which can be '':
<br /> = given�ffect without the conflicting provision.To this end the prov isiuns of this Se�urity Instrument and the Note are decinred
<br /> - to be severable.
<br /> 16.Borro�rer's Cupy.Borrower shall be given one cunfurnxd copy of the Nnte and of this Securiry Instcument.
<br />_� Form 30Z8 9t90
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