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<br /> pnymcnts nuly nci lungc��bc rcq�.iircd,ut tltr optiun uf I.cndcr, if mori�agc insu�•uncc cc�vcrayc(in tlic umoum mid for thc pe•rinQ �_'
<br /> that Lcndcr rcyuires)provided by un insursr appravcd by L.endcr nguln becoihcs nvnilablc amd is obtaincd. Ds�rrowcr shall pay -�
<br /> ;:;�;.:eml�_ms reqt�ired ta r��aintnin morh;i!���e(ncurnnce iii cffect,or ta pravide n loss reserve,until tlic requirement far moetguge _
<br /> ii�surance enJs in accurdance with nny written agrcement between��rro�ver e�ucl Lender or npplirnblc luw. _
<br /> 9. Inrpectlon. Gcnder or its ngc►it mny makc rcusonable entrics upan nud inspccttons of�hc Propcny. Lenctcr shall give
<br /> Dnrrowcr nnticc nt thc timc of of•prior to un inspcction s�ecifying rcasonnblo cauFC for thn inspccdon. �
<br /> 10. Conde�nnatlon. Thc peacecds of uny award or claim for dumugcs, dircct or cnnuyuci►tiul, in conncc�{�m with :wy �_
<br /> condemnation or other toking of any p4rt of the �'raperty,or for conveyance in Ueu of rnndemnation, ure hereby nsslgned�anJ
<br /> shall be paid to Lender.
<br /> In►he event of n total takins of the Property,the procceds sliull be npplicd ta thc sums secured b��th1F Security[nstrument,
<br /> �vhcther ur not th�n due, wich mny excess paid to Borrower. In tlio event of a plrtial tnkinn of tha Propcny in which the fair
<br /> markct value of thc Property immediately befo�r the tnking is em�al to or greater than ttto amount of the sums secured by this —
<br /> Security Instrument immediately befare�he taking, unless Borrower a��d l.onder othenviso ngree in writiuE,the sums secum,�t by -�
<br /> this Security Instrument ehall be reduced by th� amount of the proceetl� �m►Itiplied by tlia following fraction: (a) the totnl• _
<br /> amount of thc sums scc,urcd immediately b�fom tl�a takin�, divided by (b)tl�e fuir market value of thc Property immedintaly
<br /> before tI►e taking. Any bulnnce shalf be paid to B<►rro�ver. In the event nf a partial taking of the Propeny in wbich the faiir
<br /> market vatue of the Propeny immetiintely before the taking i�less thnn ch�amount of die sums secured immediisecrl!r b^cfore the
<br /> taking, unless Earrower and Lcndcr otheewlse agrce in writin�rr unlcsa applicable law otherwise pro��ides.rJze�x��s shall
<br /> be appliui ro thc sums s�ured by tliis Security Inftrument whez�rer or noe die sums are ehen duc.
<br /> If the Propeny is abs�idoned by Borrower,or if,�ifter natic 6��(1:f�d�:r to Bunower thst the cond�mnor offers to make un
<br /> �wcsrd or settle n claim for dnmages. Borra+ver f��le to res�crn� t:o Lr.ncler within 30 days ufter tho d:rte che notice is given,
<br /> Lender is authorized to collcct and apply the proceeds,at its option,eiti�er to restoration or rep�ir of the Property or to the sums _
<br /> se�ured by this Sesurity Instrument,whether or not then due.
<br /> Unless Leniter alnd Bo�rower other�vise agree in writin�, ��y appiicatiu,� o,` p:uct;cds to principal shatl not extend or
<br /> postpone the duc dat�of the monthly payments nferred ta ir►p�►ragraphs I ��d 2 or change the amount of such payments.
<br /> 1�1.�orrower Not Released;Forbe�rance By I.ender I�iot e Waiver.Lxtension of thc time for puy►nent or mndification
<br /> of ar�wrtizution of the sums securod by tt►is Security Instrument granted by Lender to any successor in interest of I�arrower shull
<br /> not operate to releasc the liability of the original Borrower o:r Borrower's succcssors ia interest. Lender shall not b�rcquired to
<br /> comsnence proceedings agninst any successor in interest or refuse co extend time for pay.ment or othenvise malify arreortiuttion _
<br /> a:tl:c �u:r,s �r� �; thi� G'��!*�!y inc�n,ment 6y nenson of uny demand made by the origin�l Borrower or Horrower's
<br /> succcssors in interest. Any forbearance by I.ender in eaerrising any right or remcdy shail not be a waiver of or precludt ttu
<br /> exercise of any right or remaiy.
<br /> 12. Suec�csc►rs and Asslgns &�und; Joint and Se��erul tlability; Co-signers. 'Y'he wvenants und �r�cments of thls
<br /> Securtty Instrumnnt shnll bind und benefit ahe successors and assigns of Lender and Bonower, subject to the provisions of
<br /> paragraph 17. Borrower's covennnts and agr�ements shall be jofnt and several. Any Bonower wha co-sisns tt�is Secaciry
<br /> Instrun�nt but does not executc thc Note: (a) is co•signins this Secudty instrument only to mortgage, grai�t artd cvnvey th�u
<br /> Borrowcr's intcrest in the Pro�erty undcr the terms of this S,ecurity Insttument;(b)is not personnlly obl�gated to puy the suma
<br /> sccured by this 5ecurity Instrument;and(c)agrees that Lendor ur.d uny other Borrower may agree to exterxl.tnRdiFy,forbear or
<br /> make w�y�ccmmnxidedons witi�regard to tlic terms of this Security Instrmnent or the Notc without that�ormwer's conscnt.
<br /> 13.Loan Ctwrges.If tlic loan securod by thie Security Instrument is suhject to s law�vhich sets snaximum loun charges,
<br /> and that lew is finully interpreted so that the interest or other loan charges collec:ted or to be aoll�c�cl in connection with the
<br /> loan eaceed the permitteti Iimlts,then: (a}any such loan charge shall be reduced by the amount necessary to reduce the chargc
<br /> to d►e permitted limit; and(b)any sums ulready collected faam Borrower which excePded perwittcd li►nits will be refunded to
<br /> Borrower. Lendcr inay chause to muke this refimd by reducing the principul owed undr,r tUe Note or by making a direct
<br /> - payment ro Bossower. If a refund reduccs �riucipal, the teduction will be treutcd as a �artial prepayment wllhoe►t mny
<br /> pc�pnynscnt chnr�e aindcr thc Notc.
<br /> � 1�.Not�kxs.Any notice to Borrower provided for in 3his Security Instrumcnt shall be given by delivering it or by mailipg.
<br /> it by first class mait unless applicable luw requires use af rnotnpr cncthod.Thc notice ahall be directed to the Pr�p�rty Address
<br /> or any other nddress Borrower designates by norice to Lender. Aay nocice to Lender shall be given by first class mail to
<br /> L.ender's address stated harcin or any other�ddre.0 Lc��der designates by notice to Eorrower. Any notice provided for in this
<br /> Security Instrument shall be dcemed to have been gtven to Borcawer or Lender when given as providcd in this paragraph.
<br /> 15.Governing Ls�w; Severabfl�ty. This Security Instrumcnt shull be govemed by fedcral law nnd the law of the
<br /> jurisdiction in which the Prope�ty is located. In the event thut any provfsion or clause of this Security Instrumcnt or tho Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Securflty Instrument or the Nute�vhich can be
<br /> given effect�vitliout tha conflicting provision. Ta tliis end the provisions of this Security Ii�strument an�tho Note are decla�ed
<br /> tu iw sevetable.
<br /> 16.Borrower's Copy.Borrower shull be given one conformal copy of fhv Noto and of this Securiry Instrument.
<br /> Fam 3028 9I90
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