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<br />,N�� p�aysnents may no longer b�required.at the opdon of 3.ender.if mortgage insurance coverage(in the amnuni sud for the peraod �Y
<br /> f . �hat Lencier requires)ProvIded by sn insurer approv�63+Leader again baoames 3vaiIai�Ie and is obtai�t.Borrowee s�aU pay �-
<br /> dce premiums requi�d eo maintain mortqege iasutance in effect.or to pzovide a loss reserve,until the requirencertt for mflrtgage �,,;_,_
<br />_ . insuranoe�nds in accordattce with any written agteement between Borrower and Lender or applIcable law. �;�.
<br /> --- �.;��€��.LFSSCter os iu agent may make reasonabl�;,utries u�n and#n,�ions of th$�roperty. l,ender shalt give __=
<br /> Borro�ver notice at tlie time of or prior to an inspeciion s�ecify+ing reasonable cause for the inspection. '�"`=_'-
<br /> 10. Coademnattoa.The praceeds of any award or claim for dama�es, direct or consequential, in connecaon with any --= -
<br />'4 condeannauan or ather tnkiag of a�y pa*t of the Property,or for conveyauce in lieu of vandemnation,are hereby assig�,d und �
<br /> �.:.::
<br /> � shall be paid to l.ender. �--
<br />'-1>'- In the event of a total taking of the Property.the proceEds shall be applied to the sufas secured by tlus 3ecurity Instmment, �; .
<br /> �; whesher or not tlien due.with any exc�s.ss paid to Berrov�. In the event of a partial taking of the Property in wtsich thw fair ��-
<br />' ''��•` market value of the Property imm�i�a.'y b�fore the takin;is eq�ta3 ta or greater than the amount of the sums secure�l by tius ��`�
<br /> �ecurity Inswm�-►t immediatety b2fore the taking,ur�ess Bor�mver aad L.ender otherwise agree in writin ,the sums secv�d b �"r:.-:
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<br />' this 5epuity Instrumeni shall be reda�by the amount of the praooeds mulriplied by the following frastioa: (a) thE total �€��;
<br /> : "� amoum of the sums secured immedix_eIy b�fo�tlte taJdng,divided by(b) the fair market vatue of the Property imm�diate3y __
<br /> ,.';;i�, �fore the taking. Any bslan�e sha�1 he paid to BamSVms. In.the event of a partial talsing af thx Pmperty in wtric3i the fair =�_-
<br /> '�;'•` �_at vaiue of the Property imm�iat�i;�42fate ti�s�.�i�g is ipss t�a-:�the amnunt af the sumY s�red immadiately 6efure th�e � '`
<br /> _.'J' .�...
<br />,:r-.',.Fi ra��.e�I�s Borrower and Lend�r oti..�wise agr�i�wTiting ar aaniess apglicable taw ot6envis�e pmvides,tha prooeeds s�.�l �.�,�:
<br /> �`�;� �e��i�4 t,��L�e sums secu�by this Security In_�ar�ent whether or not the sums�e then d�. °°�=
<br /> • i i1��e't�pesty is Jr.r.�oned by Borrower,or:F aRer notice by Lender ta��vwer that�condemnor�o#�rs ta m�ce an ��,��.
<br /> , �uazi�*s�e a da�ci C�r damages, Bor�ower fa7s to respond to Lender withiFS 30 days after the daie��:.�otice is given, ,.w�_
<br /> � �:�:,
<br /> I,�uder i��t'norized tv c�llect and apply the pmr�eds,at its option.either w ieswradon or rep^..iz�.�f the Pro��or to the su�s , �;
<br /> .. s�c:nred by Yhis Securirc.:t`ashvment,wheiher or not then due.
<br /> Unless Lender�aJ�orrower otheiwise agree in �vriting, siry applir�ation of proceeds to principal sl'�1! not exten3 or •' r�
<br /> P�*`' monttil a ms referrzd to in ara hs 1 and 2 or change the amnunt of sucu�ayiaents. ��''�''
<br /> postpone the due dat..�r she Y P Y� P 8�P —y .
<br /> 11.Borrower Nr.2�£eased;Forbearance By B.ender Not a Waiver.Extension of the time for paymgnt or modifiratian ,
<br /> � nf amortization of the swns secured by tius Se�rity tustcument gr.inted by Leader w any successor in interest of Borrawer�hall �
<br /> not opztate to release the Gability of the original Eamawer or Borrowei s successors in interest.Lender shall rtot be raqnimd to
<br /> commence prooeedings against any s¢ccessor in ins�est or refuse to eatend time for payment or o2herwise modify amorti7atian --
<br /> of the sums secured by this Security insuuffient by mason of any deaiand mrade by the ariginal Borrovrer or Hormwer's �._:`•:
<br /> � �`� snocessors in interest. Any farbearance by Lender In eaercising any right or remedy shall not be a waiver of or precIude the � '`"
<br /> • exercise��€any right or iemedy.
<br /> �.:�nt�sors and Assigas IIi.�nmdt Joint and Se�ezal Liabiltiy, Co-sig�ers. The o�venants and apceements of this _..
<br /> Securiry�;.i�at,Ytument shalt bind and G.azie�t the susoessors and assigns of Lender and S,rrc��r. snbject to the provisions of .
<br /> � paragraph 17. Borrower's coveaants and ag�ezm�nts sha11 be joint and sever�t. Aay Borrower wko co-signs thjs.Security
<br /> . Instrument but does not execute the`�ote: (a)is co-signing this Secwity Instn�sn�s only to�ortgage.grant and convey that �_
<br /> - Bornower's inierest in the Property�u�er the terms of this Security Instniment;(b)is not persoually obligated to pay the sums =-
<br /> sewred�thls Security Insuument;and(c)agrees that Lender and any other Boraawer may agrce to extend.mndify.forbeat or
<br /> mafce any aecommodations witi�regazd to the terms of this Secvrity Instrument or el�e Note without that Bormwer's oon�nt. �
<br /> . Y3.Loan Cf�arges.If the toarr secured by ttris Security Instrument is subject to a law which sets maximum toan chatges, _ --_:::
<br /> � and that!aw is 8nally interpreted so that the interest or oth�Ioan charges coUected or to be collected in connection with the �____
<br /> toan excee�th�pemritted limits,then: (a)any such loan charge sha116e reduced(�y ti:e amount necessaty to reduoa the ch�uge =-�
<br /> to the p��,ttod limit;and(b)any su�s already collected from B�taower wl�ich enceeded pepmitted limits ari116e refunded to �.
<br /> • . Borrow�,ILender may choase to �this refuad by reducirc� tis.e ptincig�l dwed undcr the Note or by making a direct
<br /> : paY�tent to Borrower. If a refund �a':aces principat. the redacrion will bc oreuted as a partial PTePaYmeat withaut any �.
<br /> . � �repayment c}�arge under the Note.
<br /> � 14�NotIc�.Any notice to Borrower provided;or in tlus Security Insin:m�,,t chall be giaen by delivering it or by mailing
<br />` ,�;�' ' � it by fcrr�cflsss mail unless applicable Esw reyuires use of aaother method.The notice shall be directed to the Property Address
<br /> or any�:}z�s address Borrower designates by norioe to I.eader. Any norice to I.eader shall be given by first class [nail to —
<br /> � � I.er�er's address stauid l'v�.rein or any other address Lender designates by nnric;�r.�Borrower. Any notice provlded for in this �.• :.
<br /> � � Secusity L�trqment s[tulL be deemed to'have been given to Boaotiver or Lender��1i��iven as provided in this paragruph.
<br /> ' I5.Coveraiog I.aw; Severa6llf4}r. This Security Instrumenc sha11 be ��s�:zrne@ by federal laa� �d the Iusv ofdie �''•'�
<br /> � jwis�]icRca in whi¢h the Propetty is Iocated. ]n the event that a��mvision or clanse of thie S�curity Instrument or th�i'�ota --
<br />::,.`:�, � . conflicu�;��stiih applicable taw,such cc�aflict shall not affect other pm�+ssions of t;is Securiry I��.:ment or die Note which�saa be
<br /> .. glven cff,ect aithout ths��:anflicting provision.To this end the pravisions of t[si.,.�ecurity Itistrament antl th:Note are diui�reil
<br /> . . � to be severable.
<br /> . ib,�ortower's�it�t��.Borrower.shaU be given one oonfotmed capy of the Note and of this Securiry E'r�trument. ��
<br />.,, � Farm 802U' �.'.90
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