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<br /> p�y�t��:n!.v�uay ito longcr fic ra�uircd, ut tl�c�ipdun of Lendcr, iY moei�n�c insur.mrc rot2raj;c(in ti�c nmount�u�d f'or thc periud _
<br /> �P�.:►t I::iulci• �•ci�ul��c�,1 pruvlil��d by�ui in�,nrcr n��p�•o�cd by I.cn,lcr�i�ain h.comcti ti��ailnblc uud is uhtaiitcd. l3u�'rutvice�hall p;�y _
<br /> th,,�prc.r!�iums rcyuircd tu m:dntnin nun•tpngc;nvurance in ef�cct,or to p�ovidc a loss rescrvc, until Qic rcquircmcnt i'or martgagc
<br /> ir�;t�r,lruc cu�l�in uccorduncc wlUi imy�vritten ngrccmcsu Bctwccn Qarroacr anQ l.cndcr or nppliciihle luw.
<br /> �. In�pe�ti�n. i.cndcr or ils ugcnt nury makc rc;asni�ublc cntrics upon«nd irnpccUonti uf thc I'roEx:rty. l.endcr shnU Rivc
<br /> Uo►�•nwer nutice�U the time�f nr prinr tn un ins�xcUon sgecifying reasonable caune for�he inti�x:ctiun.
<br /> 10, Con�lnnnuHon. 'Phc prucccds uf any uw�rd or clnim ti�r dumagcy, dircct ur cunscqucnticd, in conncction �vish �ny
<br /> c�r:l.nttutinn c�r niticr t;iking uf any Ei:irt uf thc I'rupc�ty, ur fur ru��vcy;nicc liti Ilcu uf c++ndcmuati+m, urc hcreLy ati,ig+�c�l aitid �
<br /> stwll bc n,31d to l.cndcr.
<br /> In titi;event of u taUd tnking of the I'mperty,thc pmceeds sh;dl bc applied t��the sums sccurr.d by this 5ecuriry Instrument,
<br /> whcthvr nr i�.�� dv;n due, with nny exccss naid to f3orrower. In thc eve�tit uf ii partiid tnkin�; af tha: Pruperty in which the fnir
<br /> n�aeket v:d►�c af dw Propeny immedl�uely bciorc thu tuking is cc�u;tl ta or greater than thc�a�naunt of tiie sums securcd by this
<br /> Security InstrumenY immcdiately befor�the taking,unless�orrower ami I.cnder otherwEsr,ugrce in tvriting,the sums sccured by
<br /> this S;.iurity Instrument shall tx: rcduc:d by the amaunt of the proceeds multiplial by thc: fa{In►ving fraction: (n) the totul
<br /> amaun!oF the sums secured immeditucly before the taking, divided by(b) the fair n�aaktt vr�lua oF the Property immedintely
<br /> before the taking. Any balancc shall be pnid to 8orrower. In the cvent of A Piirtinl takin� of the Property in which the fair
<br /> market value of th�Property immExlii�tely befarc the talcing is Icss thnn the;a�nount of thG sums sccurcd immediately beforc the
<br /> tulsi►�A, unless Borrower and Lender otherwise ugrcc in writing or unless Appli�ablo In�v othe�vise provides, the proceods shall
<br /> be:��s�l6ed to the sums secured by dils Securiry Inswment whether or not the sums axa then duc.
<br /> IP�tt�;Property is abandaned by Runower,or if,aftor natio�by Lender to Borrower that the condemnor offers to make a�
<br /> atinu�d or settle a claim for damages, Burrower fails to respond to L.ender within 30 dnys ufter the date the notice is given,
<br /> Lender is nuthorized to collect nnd apply die proceeds,at its option,r.ither to restoratlon or repair of the Property ar to the sums
<br /> sr,cuYtx]by this Security Instntment,whettter or not then due.
<br /> Unless I.ender mid Bonower otherwise agret in writins, uny application of proceeds to principal shall not extend or
<br /> pnstpone thQ due date of the monthly payments referred to in paragrapi�s 1 and 2 or change tfie amount of such pnymcnts.
<br /> 11.Borrower Not Released;Forbc�rnnce I3y I.ender Not A'VYR.lacr. Extension of the timc far payment or niodificatlon
<br /> of amortization of the sums secured by this�ecurity Instrument grnntc:l by le:nder to any successor in interest of Borrower sl�all
<br /> .^.Qt operate to release th�liubility uf the ori�inal Bonowcr or Borrawcr's succcsson in interest. Lcndcr shall not tsc rcquircd to
<br /> commence proceedings against any successor in interest or refuse tn extend time for puyment or otherwise modify umortization
<br /> af the sums secured by this Security lnstrument by m.a:,�n of any dsmand mnde by the original Borrower or BorrowEr's
<br /> successors in xnterest. Any forbearnnce by I,ender in exercising sny right ar remedy shall not be u waiver of or preclade the
<br /> exercise of eny xigm or remaiy.
<br /> 12. 5ucc�essors and A�signs Buund; Jcint an8 Se�•eral UebftfC�•; Co-signers. The covenants nnd ag�ecments of this
<br /> S:curiry Instrument shall bin�t and benefit the successars and assigns of Lender and IIorrower, subject to the prc��isions of
<br /> p:vagrapl� 17. Borrower's covenants and ngreemenu sh¢II ba jo{nt mid seveial. Any Borrowex who co-signs Wis Security
<br />� Instrument but does not execute the Note: (a)is co-signing th[s Security Instrument only to mortgage, grant and convey that
<br /> Bonower's intarest in�tha,Piq4►erty undor tha taYms of Lhls Security Instiument; (b)is not personally o�ligated to pay the s�uns
<br /> cecureei by t6is Security Yns:r,tmantc�and(c)a$rees thut b.ender und any other Borrower may agree to extend,modify.forbear or
<br />. make any ucmmmoclntions with re.gard to the terms of this Security Instniment or the Note without that�orrower's conscr►t.
<br /> 13.Loan C6Arges.If tlie loan secured by this Securlty Insuument is subject to a law which sets maximum loan chazgcs,
<br /> and that law is fnally interprsted so that the interest ur other loan charges collected or to be collected in connection with the
<br /> Iom�excced the porcnitted limits,then: (u)any such loan churge shall be reduced by the amount necessary eo rEduce the charge
<br /> to the pemritted bimit�and(b)any sums already coUected from Borcower whicri exceeded permitted flmits will be refunded to
<br /> Bonower. Lender may choose !o make this refund by reducing the principal owed under ti�� Note or by msking a direct
<br />- �a�mnn► M Rny�....,.,�. Tf � wA4n.1 �ir.rv.� nr�nnir.^I� :;�: :�w�L�Iva. .::: w' ..�"°...e�� � .srtY..^..� .v..� .:iuivw aTa -
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<br /> pmpayment cliarge under the Note.
<br /> !4.Notkes.Any notice to liorrower provided for in this Sc:curity Instrument shall be given by delivering it or by mailing
<br /> •� it by fi�st class mail unDcss applicable law requires use of another metliod. The notice shall be direcied to tire Property Address
<br /> or suiy other address Borrower designates by notice to Lender. Any notice ta i.ender shall be given by firs¢ class mail ta
<br /> Lendcr's address stated herein nr any other address LFnder designates by notIce to Bo�rower. Any notice pmvii�ed for in this
<br /> Security Inst�vmenft shali be deemed to hnve been giv�n to Borrower or L.ender when�iven as provided in this pai�agraph.
<br /> 15.GoverNng Law; Severabflity. This Sec:urity Instrument shall bc govemed by fecicr�l law and tho ]aw nf tl�e�
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security instrnment or th�1Vote
<br /> wnflicts with appljcable law,such confl'rct shall not affect other provislons of this Seeurity Instrument or ttie Nate which can bt
<br /> give�l cffoct without the conF�icting provision.To tt►is cnd ehe provisions of d�is Security Instrument und the Note arc declared
<br /> to be severable.
<br />�� 16.Borra�c�xr's Copy.Borrower shall be given one c:onfbrmed copy of the Note and of this Security Instrument.
<br /> Form 3028 9/90
<br /> Page 4 018
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