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<br /> . � payments may no langer be required.at We option of l.ender.if mortgaae insurance coverage(in g�uunT���e�feriat! �^
<br /> diat LYndcr requires)provided by an insurer approved by I.en der again bECOmes avai l u b le an d is o b t a ia e d. So r r ow e r s h a l i p a y ��_r-
<br /> the premi�ms required to maintain mortgage insurar.ce in eff�ct.or to pn�vide a toss rese�ve.nntil the requirement for mortgage ��'�
<br /> instyrance ertds in accordance with any cvritten agreeirr_nt between Borrower and Lertder or applicable la�v. �°�"�
<br />__ A.Inst►ection.Lender or iu agent may make reasonable enuies upon and inspections of the Property. Ixader sh�ill give �_.
<br /> Borrower notice at We teme of or prior to sn inspecqion specifying reasonabls cause for the inspection. �'_�-
<br /> I0. Candemnst�on.'Q'[�e pmceeds af any award ar daim fur damages, dire.ct or consequenteal. in oanaecdinn with any �
<br /> condemnatiaa or other taking of any part of the Progerty,or for conveyance in lieu of rnndemnation,are hereby assigned and �,;.-
<br /> <�,� shall be azd to Lendet.
<br /> � . ..-
<br /> In the event of a t�tal taking of the Property.the proceeds shall be apptied to the sums sec�ued by tlus Sewrity in�m�+t, �`-°
<br /> = t whether or not then due. with any excess paid to L�orrower. In the event of a partial [aking af the Property in which the fair �
<br /> marl�a value of the Propesty immediately before the taEcing is equai to or greater than the amount of the sums secured by this �4;
<br /> Secu�Ity I�trument immediately before We taldng.unless Borrower and Lender otherwise agree in writing,the suuis secured by
<br /> tlus Security tnstr�ment shall be reduced by the amount of the proce�s muitiplie� by the following feaciion: (a) the lodal
<br /> amoimt of the sums sacure�i immediately�efore the taking,divided by (b) the fair market valae af the Praperty imtnediately ��
<br /> before tha mlcit�g. Any balanoe shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market value of the Property imme�iately before the taldng is l�ess tHan 4he amount of the sums secured iuunediatety before the �
<br /> taking, unless Borrower and Lereder otherwise agree in writing or unless appticable!aw otherwise provides,the prooe�tls shall =_-
<br /> be applied to tDe sums secured by this Security L�strament whether or not the sums are then due. ,
<br /> ` If tite Pmperty is abandonad by Borrower,or if.after noLice by Iender to Borrower that the c.ondemnor offecs to malce an ��c:
<br /> �rrard or settte a claim for c�amages,Borrower fails to respond to Lender within 30 days after the date the notice is given. �:.
<br /> ' Fe�der is authorized to cnlle�ci and apply the praceeds,at its option,either to restoration or repair of the Prapraty or to the�+�mc
<br /> , �� �cured by this Sec.urity I��lTrzaeent,whetfier or not thep dne. �`.�
<br />..-^,.;;o;� . UD1CS5 LCAdCT�tII ��7W2f OtI1CPMSC 8� ID WIit1I1$, anY aPPlication of pra�eds to principal s�ai1 not extend or �
<br /> ° postpone the fize daie of the uwnthly paymenis referred to in paragraphs 1 and 2 or change the�,ount of sucb payments.
<br /> �"��f 11.Bvau¢�er Not Re�,zased;Forbearance By Lender Nat a�aiver.Extension of the t�ae for pay�nent or madification �'
<br /> t•e p
<br /> f.�I a�f amortiratio��f the su�s secured by this Securety Instmment granted by Lender to azry sacce.ssor in interest of Borrower sttali
<br /> �.•. s- �mt operate to release ths Ei�ility of the original Eorrower or Borrower's saccessors in interest.Lender shall�t 6e re�uired w ��`-
<br />,�;, �, coznmencz pmoeedings agzinst any successor in iaterest or refuse to extead rime for paymsnt or otherwise madify aiaortization �-
<br />.;;':; "W of the swns secured by this 5ecurity Instivment by reason of any demand made by the ori�.-a! Borrower or Eotma�er's
<br /> _ �=
<br /> =`. ,' saccessors ir,interest..Any forbearance by Lend�er in eaerclsing an�righi or remedy shall aot�a gaiver of or prectude die =°
<br />' exercise of a�y right or remedy. � �'�:
<br /> 12.Stt�sots ansf Ascigus Bound; Joiat find Several Liab�4y3 Co-slgneis. The cav���#�reemenis of thls --
<br /> '' f• Security Instraineni st�1S�d an$6enefit the sucoessors and assigns of Len�-�3 Borros�er,s��'ec� t�t�provisions of �==`"
<br />:�5�`�,: paragraph t�'. �nrros��,'s�:ovenants and agteements shall be joint:�a.d sever�:Any Borco:�,;r. �ho co-�;gns ttus S�,.�ty �[--
<br /> � ' � Insuument��8oes not execute the Nate: (a)Ls co-sigaing this Se�..�.y Instn►ment only w�i�age,Sra�C and:conL'���t �,_
<br /> •• :.;� Borrower's iateresi in t�e.�'r-operty under the terms of this Security Instn�enent;(b)is not perso�ily obli�.n pay c�:�s �'--
<br /> i: secured 6y this Securiry I��'sment:and(c)agr�es that Lender and any other Barrower may agree to extenc2,�.r�;ify,farbear or
<br /> �•;,;', cfialce any accoR�latio�is�with regard to the temu of this Security Instru.me�or the Nate without that Borc���'s eonsent.
<br /> 13.I�,�i•�barges.If che toan secuc+ed by chis Securiry instrament is sabject to a law wiuc�i s�is maximiim loan ci�arges. ' �
<br /> � and that lac�bs fin�Ily intergreted so thai the interest or et�er loan c6arges collected or to be collecced in coaaectinn wi�the
<br /> � � �' loan eaceed the permitted limits.then:(a)any such loan chazge sball be teduced by the smount ne.cessary+to mduce the c�..�e � �
<br /> :' {' co the permitted limi�and(b)a�r sums already collected from Bosruwer which exceeded permitted limits will be refur�'ed to _
<br /> _'��: Boaower. Lender may chaose to make this refund by reducing the principal owed under the Note or by maldng a�recE o.
<br /> : • payrnerR to Borrawer. If a refund redaces principal, the rednction will be treated as a partial prep�ay�nt wigicaut ;,..y � --
<br /> ..�. �.:; pr�pay�ent charge under the Note. ��� �
<br /> :ti� Y4.Notlo�s.Aay nodce to Eorrower provided for in this SQCUrity Instrument shall be gi4eq by delivering it or by m�:ing
<br /> �!� it 6y fir�t class mail ur:�ap�licable Ia�v requires use of another mettiod.171e norice 52�3i1 bC diteCted to Ws Pmperty Ad�dress +r-�-
<br /> � :•�� or any other address$clrower designates by notice W Lender. Any norice to Lender shal! hs given by fiist class mail tb. ''-�'=`
<br /> ". � � Lendes's addr�ss stated hereia or any other address Lender designates by nodce co Bonower. Any nr�tice provided for in c�t� --
<br /> �: k�. Secunty tnstrumeni shall.be deemed to have beert given m Borrower ar Ler�der when given as provided in this paragraph. �� � -
<br /> �� � 1S.Governing Ls►w; Severubility. This Security Instrument shal! be govemed by federal law and the law a�f+�:e �
<br /> jurisdiction in wirich th�tr'�operty is loca4etl.Ia the event that any provision or clause of this Security Insuument or the Nate �
<br /> ' conflicts witi�applicab2e�."a+.such cunttict shall not affect other provisions of this Security Inswment or the Note which can Us
<br /> � ' given effect witlwut the oonflicting provision.To tlus end the provisions of this Secisrity Instcument and the Note are dec'.areA
<br /> . .. �'� ; to be severable. � . � °:
<br /> . 4 16.Bormwcs's Copy.Bonower shall be given one confonned copy of the Note and of this Security Instroment.
<br />. . �; Form 8028 9/90
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