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<br /> payrt�nts m�y ao tonger be required.at the opdan of Lcnder,if�nortgage insueance soverage(in the ama9u►t 3nct for the�eriod �� �
<br /> ;:a titat Lender Fequires)Frn�ided 6y an:n<ai+er apgrovetl by[.ender?��n hsz:or�s avsilable and is oMained.Borrnwer shat!gay
<br /> � the premiums required'to tn�3ntuin mortgs�,re insurar.ce in effes�,br to pmvide a loss reserve,unti!the requirement for mortgage -�--�'
<br /> iasur,ucce e�tds in ascordance�vith aay written abr�ement beri�•een Borrower and Lertder os agplip.ble lativ. �-`
<br /> -- S.�-y,�i�a.i.enu'�r er its uF;�r�t may�r�oaubi��tc�i.:�u�a�s!ins�ctior�s af tl�e Prop:rty. Lcrtder sha!! give �`'�
<br /> ' Borrower notice at the rime of or prior to un inspection sgecifying r�asonaf�le cause for the inspection. � }r
<br /> _ �� 10. Condemnatton.Ths proce�s of any av�►rd or r.laim for dama��s, dircxt or consequen�ial. im m�nection with any
<br /> condemnadon or ather taking of any pr.rt of the Propeny,or E'or conveyance in lieu of rnndemnation, ar�hereby a�signad and �',_�
<br /> `��� shall be paid to L.euder.
<br /> �.:
<br />�.. In the event of a total taldng of the P�operry,the proceeds sh�l3 be appfied to the su�ns s�cu�by tF�is gecurity Inswment. —
<br /> __ _- wheiher ar wt thea due, with any esc�s paid to Borrawer. In the event of a partial taking of the Property in�vhich the fsiir —_
<br /> ' market vcJve of the Fragerty immed�ai�ly 6efore taw Yaking is equal eo or geater than the amo.mt of the sums iecured by tbis !3:
<br /> S�curity Qe.,�t�ment immediately before the tatdag.unless Borrower and Lender oth�uise agree in wriring.the sums s�by �"
<br /> . this Socurity Insmur:er+t shatl be reduoed by the amount of the proceeds multiplied by the follo�ving fraction: (a) the tottil ��
<br /> oil
<br /> �� amonc►t of t�e sums Eecured immediutely hefore the t�Cing, divided by(b)the fair market value of the Pro�p-�ty immediacely �;
<br /> , before t�e tatring. Any batance s6a1! be paid to Bomowee. In the event of a partial takia�g of the Frogeity in wh4ch the fuir ---
<br /> . market vuluo�of the Prnperty immediatefy before the taking is less than the amouat of the sudns secared immecliateiy 6efore the �_
<br /> . taking. unt�as Borrower and Lendec othenuise agree in writiag ar unleas applicab2e!aw athenvise pmve�ies.the proa�ds st�a11
<br /> be applied ta the sµms secured by this Secwity[astrume�t wheth�r or not the sums are tnen due.
<br /> If tl:e Property is abandoned by Eorrowu.or if,a8cr rtotioe by I.ender to Borruwer that the condemnor offers e:,make an �.�.
<br /> � award or se�,a claim far 9nmages, Borrower far�s to r�po�xS to Lend�within 30 days aRsr the date the notice 6s given, __ _
<br />`� "''� I.eader is aut�priz�to wllect and a { the roceeds.at its o tion,eit�e:t+1 eestoration ar air of the or to the sam9 �'"%'�'
<br />��;,;c: PP Y P P �F �F�Y __..__
<br /> .���� ` .`. �.�i issy t�,ir�Security Instrument.whether or IIot ttien due. -_-
<br /> ���°�';i ,. _-
<br /> ',;,.ry,� • . , �.��s Li�nder and Borrower atherwise agnze in wriana.:�g �L"�an n€pcoa�xads to priari�s4�all aor r.xtend or ---
<br />`� . '� �tp.i;.c tte dce date of the monthly payments referred to in�r-;_r,����ar change 3�:e affiount a��:.h paymVnts. �.,.-;
<br /> �'Ffi• � il.B�wer Not Rdeased;For'bearanoe Ey Lender he•"t��'(i�i6��.,nsion of the dme for�srsc��ent or modification
<br /> - . of amorti�t���of the sums secured by tius Security Instrument�nted by wt�der to any successar in iatehst of Borrower shall =�°�
<br />� aot operd2e[c�x�tease the liability of ths origiaal Borrowep or��sower's suxe.ssors in inzenst. Lender shall not 6e required to
<br /> � ' oommence pc.aeedings�gainst any successor in i�terest or refuse to extend time for payment or utherwise modify s�martjzation
<br /> of th$ s�uus s�eured try Uus Sewrity Instrument by reason of any demand made by the originat B,orrowes or Borrawer's a___:
<br /> sucoessors ia irxerest.Any farbearance by Lender in exercisiag any rig6t or rem�y shall not be a a��i�,es of.or pre¢Iude the
<br /> exercise of arty;ti�6t or remedy. .
<br /> 12. S�scces�rs�aa�As�gos Baund;do�3 and Severai I3abifity,; Co-sig�ters. The covenant3�td agxeeusents of this
<br /> ,
<br /> � Securira�i�tm�ent shall bind and benefii the successors�.�d assigns of Lender and��ver. mbject w the groyisians of, ____.
<br /> paragra�h 1�. �orrower's covenants and agreements shall t�-joint and several. Any+ H�rrotver wha t�o-signs t�'ts Secarity
<br /> Instrument but�do�s noi execute the Note: (a)is co-signing this 5ecurit}� �.�,�,-'n�tent only w mortga�,.�rant and convey th�t
<br /> . Borfov�er's inLtt�st i�:�e�'t+uperty tuider the terms of this 3ecurity Inst�{rrz�mti.(b)is not personally a+���a':ad to pay the sut�u ., --
<br /> � secu::t�y t1s.�;�.,..:��:Rnstr�mee3:and(c)agrces that Leuder and any ati�:���orrowver rc�y agcee to extend,modify,,�ear or :
<br /> maks 0u.y�a�ca�otf�tioas with r�i,�d to the terms of this Secvity Insttument or the Note without tdat Eorrower'&ota„�.
<br /> � f'�;�,��C�tugcg.If the taaa secuced by this Security�a.s�ument is subject to a law cvhich sets maximum L�qt�'cf;aPges,
<br /> � and tl�at lavr is�fl,.nally interpreted so tl�at the intErest or other toun charges�.�llt�cted or to be ooQected in conr.�e4i��:�,vith tS�e
<br /> to�exceed 3�a�permitted liarits.then: (a)any s�uab�6ann chIIrge s6a11 be r�c�d by the amount necess��tp;educ�:�s ch�rge —
<br /> w the permijr.�:d•limit;and(b)any sums already raileMed frem Borrower w6ic6 eacceded pzrmitted li��.:1D�:xt�'unded to =�
<br /> . , Borrower. Lsndes may chaose to make this refund by re��rs�;the principal owed�n��r th�Note ar fi�y �Siti�:'a direct �'--_
<br /> PaY�aeaE,I�o �.rmwer. If a refund m,duces principal, the rZ."taction will be treated as a parti�l prepayd�e�t::Wltli�fut aay —�=;-
<br /> P�'iY�ae chiuge under the Note. • , �-_:
<br /> 14.NoL-i:r�.Any aotice to Bonower prov�ded for in tlus 5ecu�ty In51TUr�ent shalt be given by deli�ering it orb�r mailiug•`• .:�". -__=
<br /> it by first ciass mai!uNess applicable law requires nse of anuther method.'4:f e notice shal!be directod to the Pm��sT,[Addness �•• . '
<br /> or any.c�:t�iei�;�L'dr�ss�Borrower desigautes by rcottce to l.ender. Any notioe to I,ender shall be given by first c�bis�:,mail to
<br /> ..�� Lender''�:'nilkti�s stated herein or any ather addrzss Lender c#c�t�nates 6y notice to Borrawer. Airy notice pravidec��'i',�sr in tliis �
<br /> � Security:'l�sts►�,ent shall be deemed to have 6een�ven tu Borrower or I.epder when given as provided in this paragraph.
<br /> � 1S.Go.�erning Law; Severability. This Security Tnstrument shal! be govemed 6y fedetal law and ths !aw of the
<br /> . jurisdi�:Sian ia��which the Prop..•rty is located.in the event that any provision or ciause of thIs Sea�rity Instrurnettt or the Noto
<br /> con€li4t;v:r,+idu applicabte law.sucb conflict shat!not affect ather provisions of this Security Instnirnent or the 1�!ate which cao 6e =
<br /> given,4ti'rar,t withaut the oonfllciing paovision.To thls en8 the provisions of this Security Instrument and the Note are daclared
<br /> to be severabtai �
<br /> � 1(Sscro�er's Copy.Eorrower shall be given onc oonfom�d capy v�.ahs Note and of this Security Irtsuument. _
<br /> � � ' Fortn 3018 8/90 i
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