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<br /> _ _ _ - - � TlYda:r*vaanmssvrnnrry_'--_�._"__.-.v�-"'-_'
<br /> -________-____-___-__ __. ..__.___ . . - _._.__- ._._ _. _,-_.'_-.._.."._p __'-_'__
<br /> c/hlFO ���I RI�
<br /> paymcnts may u��longcr bc rcquircA, at thc opti��n of l.cndcr, if mnrtgagc imurancc cuvcragc(in thc untuunt nnQ tirr�hc perind
<br /> tt�at L�:r,der requires)pruvidc�! by nn insurcr�!pprovcd by L�ndcr e�i!in bccomcv aviiil.ibl��an�1 i�nht+�ined. Iforrowcr shall pay
<br /> thc premiums requir��to mainti�in martgngc insuriutw in cffcct.or to providc a loss rescrvc,until tf�c rcyuircment fiir mnngagc
<br /> insunmce cndti in accord�ncc�vith nny written agrecment bctwccn Eiarrnwer imd Lendcr nr upplicaMc luw.
<br /> 9. lnspecUnn. E.cnder or Ets ngent may make rc:�sanablc cntrics upan und iuspections uf'thc Propcny. l.cndcr�hull givc
<br /> B��rro�vcr rotirc nt thc timc Q�f ur prior to nn inspc�tiun spccifying rcasonublr causc for dic inspcction.
<br /> 10. Condc�nnatloa. The proceeds�f nny uwnnl or claim for dumages, dirett nr consequcntiul, in cunnecticm with uny
<br /> conJemeiation or othcr taking uf nny part of thc Property, ar fiir cnn�•eyi�ncc in licu of condcrnnation. a�e hcreby assigned nud
<br /> shull bc paid to Lendcr,
<br /> In the cvcnt of a tctnl tukMb of the Property,thc procccds shali bc applied to the sums sccured by ehis Security instrun►ent,
<br /> whether��r nc�t then due, with uny excess paid to l�orrower. In the event of a panial taking af the Propeny in whicli the fair
<br /> market vnluG of tha Property immcdiatcly beforc thc taking is equnl ta or grcater than the amount of the sums sccurcd by this
<br /> Sccuriry Instrument immediatcly before the tnking, unlcss Borrower and l.cnder otherwise agrec in writing,the sums sccurcd by
<br /> this Securiry Instrumcnt shall bc rcduced by thc a�nount of the proceeds multiplicd by the follawin� frnction: (a) the tutal
<br /> amaunt of the sm�ns secured immccliutcly bafore thc tal:inQ, dividad by (b) the fair market value of the Property immcdiately
<br /> before the tnking. Any balance shnll be pnid to Horrower. dn thc event of a partial tnking of the Property in which the ftur
<br /> market vulue of the Prupeny immcdiutely before thc taking is less than thc amuunt of thc sums secured immediately beforc tl��
<br /> taking, unless 8orrower nnd Lendcr otherwise ugree in writinb or unless applicable IAw othecwise providcs, the proceeds,h.�il
<br /> bc aFplicci to dte sums s^cured by this Security Instrucnent tivltesher or not the sums are then due.
<br /> If the Property is abandoned by Borrawer,or if, after r�tice by Lender to Ho�ruwer that the condemnor oFfers tn make an
<br /> awurd or settic a clnim for damages, Borrow:r fails to rc.,J:rnd ta Lender within 30 dnys aftcr thc datc thc notice is given,
<br /> Lender is authoriced tu collect and apply the pmc�eecis,nt its op:ion, eittze�to mstoration or repair of the Propeny or to the suins
<br /> secured by this Sec:urity Instrument,whether or not then d�se.
<br /> Unless Lendr:r and Horrower otherwise agree in uritin„ any application of pmceeds to principul shull not �>xtend or
<br /> p�st�rnna the due dat�of the monthly payments refened[o ie�pr�ragrnphs i and 2 or change the amount of such pry���ents.
<br /> 1A.13orrower Not Keleased;Forbenrunce By I.endFr Nal s Waiver. Extension of the time for paymeat vr mixlificattan
<br /> of umortization of the sums secured by this Sc�urity Instntmcnt granted by Lcnder to any successor in interest of Borrower shall
<br /> not operate to rclease thc liability of tlte original Borrower or Borrower's successors in interest. Lender shall not bc req�tired tn
<br /> commence�roceedings against any successor in interest or rcfuse to extend eime for payment ar othcrwise modify amortitatiou
<br /> QS«}:£ S;lSl1S S�'Rr°� �� if!tS �'r�rit� I(1S�it1(�lP�lt {1S1 �Pacnn �f nn�r �Irmanri matlp hv tht! nTtvirsal Dorrower or BOTCQIS'CS�6
<br /> saccessors in intenst. Any forbcarince by Lender in excrcising w�y right or rcmedy shall not be a waiver of or procluclt the
<br /> exoreise of any right or remedy.
<br />, 1z. SucrKSSOrs end Asslgns liound; Jaint and Several Llubifity; Co-sfgncrs. The covenants and ogrcements of,th3s�
<br /> Secur�ty Instrument shall bind und benefit the successors�nd osslgns of Lender and Borrower, �ubject to the provisions of
<br /> paragraph 17. Borrower's cove7nnts and ugreements shatl be joint and several. Any Borrower wi�o co•signs this Security
<br /> , Insnvment but does not execute the Note: (A) is co-si�ning this Secudty Instrument anly to mortgage, grant and convey that
<br /> • Bonower's interest in the Properry under che terms of this Security Instrument:(b)is not personally obliguted to pay the sums
<br /> secured by tlzis Security Instrument;and(c)Agrecs thnt Lender and nny uthcr Borrower muy agccc to cxtend,malify,forbear or
<br /> ; make any uccommodations with regard to the terms of tl►is Securiry Instrutnent or the Note without that Borrower's cansent.
<br /> 13.Losn Charges.If the losui secured by this Secur(ty Ir.stNment is subject to a la��which sets maximum laan cherges,
<br /> cinnd thnt law is finally intcrpreted so that thc intcrest or other loan charges collectcd or to be collectcd in�anncction with the
<br /> ' lonn exceed the Fermitted limits.then: (a)any such lonn charge shall be reduced by the umonnt necessary to reduce the charIIe
<br /> to thc pernuttcd Um�t;and (b)any sums atready cotlected from Borrower which excceded pern�itted limits will be refundal to
<br /> ' Borrower. Lc:nder n�ay choose to mlke this refund by reducing Nie principal owed under the Note or by niakiug a direct
<br /> : payment to Borrower. if a refimd reduces principal, t}�e reduction will be teeated ss a partial prepaymcnt withous any
<br /> prepaymcnt charga under thc Plo2e.
<br /> 14.Nottces.Ar.y notice to Bortower provided for in this Security Instrument shall be given by delivcring it or by mailing
<br /> it by first c{ass mail unless applicable law rcquires use of unother method.The noNce shall be directcd to the Propeny Address
<br /> • or nny oiher addmss Borcower deslgnates hy noticc to Lender.Any notice to I.ender shall be given by first class mail to
<br /> . Lendcr's address stattxl he.rcin or any othcr address Lender deslgnntes by notice to Borrower. Any noticc provided for in this
<br /> Security Instn►ment shall b�de.�med to have been given to Borrower or L.ender�vhen givon as providcd in this paragmph.
<br /> . I5.Governing Luw; Severability. This Sccurity Instrument shall bo governcd by federal luw i�nd thc law of the
<br /> jurisdiction in which the Property is located. In the event that :ury provision or clause of tliis Security Instrument ar thc Noto
<br /> conflicts with applicable law,such conflict shall not uffect other proviFions of this Security Instrumcnt or the r?ote which can be
<br />�; giv;-r�offi;ct without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declar�ed
<br /> I tu ba severable.
<br /> ' 16.Borrower's Copy.Borrower shall be given one conforma!copy of the Note and of this Security Instrument.
<br /> i
<br /> Form 3028 8/90
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