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<br /> p.�j•n�esits may rx�tontcr bc rcyuireJ,at tht�y�ti��u��f I.r�kler, if i�w�rt���e inwrrik�r�ti,ver�ge lin thc xnx�unt wKf iar thc peri�x!
<br /> tltYt l.e�xkr rcyuires)pro�•id2d hy an it�.wrcr a�+�+�►ceJ by I.�ixkr uyain txx�,n���v+ituhlr;uxl i.ubt,�hk�i. Buteuwzr shrll wY
<br /> thr pnu�iuntc rryuireil tu n�:tirdain nx�rt�age ii�surw��e in cft��,ur t�►pruviJe a I�wc rracrve,untii thc roquironxnt ti,r nwinYaYe
<br /> inwra�k�e cixi�in xcurJa�icc with w�y wriuen c�►µ:nx�u b�Kw�cen Burrower�u�1 l.c�xiec ur:y�li�abte law.
<br /> �. Yn�{xti�tioa. [.,tflde�o�its�ent nu} m�le cexx��w�ir erNris�u�i�H�Woa1 i�►.yx�ii�+i�.�►`itk Pii�tirty. I���l.r�hall �ivc
<br /> Barrow•:r natirc ui Uu:tui�uf ur priur w un insixction s�cifyin�rcascmat+lc cause fi�r thc in..�ra�iix�.
<br /> 1Q. t'w�tiCmntttlou. The pmceecls of any�w•Yni ��r cl�im fix ciamagcs, .iir�rt �tir cunscyucnti�l. iii �•unik�tian with �uiy
<br /> �tiuxknu�aticu�or other lal•ii�af�ury part uf ttk PropeA}�.a' fur wu�vcy;uke i��lieu uf�:+uxluun:►li�u�. :uc hcnby u�zilncJ wxl
<br /> shall bc paiJ to Letxkr.
<br /> In th..event of�towl ca1;ing of the Praperty,tttc prc�:a�i.e shall be applied to the w�itc securt�by this Security Intitrumern,
<br /> whether ar ru�t then due, with a�iy ezcess paid to Born�wer. [n the event oi a pvtial t�king af'the Propeny i�i w•hich the fair
<br />; markct valuc of the Pm�erty inui�ediately beFore the taking is equ:il to or gm,�ter than the antaunt of thc sunu secured by this
<br /> Securiry i�strumcnt immediately before the tal:ing. unless Bocrower and L.et�det othetwic�agree in writing,the sums socured by
<br />� this Security [nstrument shall be nxiuced by ttu anwunt of the proceeds multiplied by the following f'r.ution: (;�l the totul
<br /> umount of the su�ns secured inunecti:ttely before the 4�fcing, divicled by (b)tltie fair markei value of the Property icunx�diately
<br /> before the taking. Any �al�cwe shall be paid to Borrower. In the event of a partial taking of the Frapercy in which the fair
<br /> n�rket value of the Prot�srty imnu;diately befare the taking is less tt►an the amount of th�:sums secured i�m�ecli�tely before the
<br /> taEing. unless Borrow�r und l.endcr othcrwise a�rc.^,in writing or uNess a�plicable!aw otherwise provides,the procetds shall
<br /> be applia!to the sunu securod by this Security Ic►ctrument whether or not the sumc are then due.
<br /> If the Praperty is abs+ndoned by Borrower.os if,aftec natice by Lender to Borrower thst the conciemnar offers to make an
<br /> award or settle a claim for dynages, Borrower fails to rac�ond to Lender within 30 days after the date the nwice is given,
<br /> Len3er is authorized to rnllect uul apply the proceeds,at its option,either to restoration or cepair of the Property or to the sunu
<br />. socttrod 6y this Security lnstntment.whether or not then due.
<br />� Unless Lx.nder ancl Borrower otherwise agree in wriang, any application of procc�eds ta principal shall not exernd or
<br /> postpune the due date of the monihly payments referred to in parigr,�phs I �cnd�ar change the amount of such payments.
<br /> 11.Borrower Nut Rdwsed;Fw�bearxnce By Lentkr 1�¢a�Z'9i�e�'.E�tension of the time for�aymeau or modification
<br /> of amortlzatioa of the sunas secured by this Securitp Inururr�u granted by I.er�der to any successor in intrrest of Borrower s!►all
<br />: not operate to jrle�se t't�liability of the origina!Bo•rrower or Borrower'c successors in iutcrest. Lender shall not be nquitod to
<br /> cortunence ptaceedings againu any sucoessor in interest or refuse to extend time for payment or otherwise modify amortizatian
<br /> of the sums secured by this $ecurity Insuume�u by reason of any demand m�de by the original Borcower or Borrowu's
<br /> successors in interest. Any forbearanoe by Lender in cacercisiag any right or remedy shall not be a wtiver of or preciude the
<br /> e�cercise of any right or remedy.
<br /> 12. St�ocasors �wd Asci�as Boucd;Joiat swd Several I.iability; Cp-signerc. The covenatus a.�+i a,groe�nents of t6is
<br /> Socurity Lutrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the pvovisioas of •
<br /> pw�raph l7. Borrower's covenantc and agree�nenis shatl be joint and seve�al. Any Borrower who arsigns iius Sexwity
<br /> ' Instiument but does not execute the Note: (a) is co-signing this Securiry Inurument oiily to mortgaige, grant and convty that
<br /> BOtt+owet's iptt�+es1 in the Property wK1er the terms of this Secusiry Inc_.,,..+�.n�(b)is not persacully obligated to pay the sums
<br /> _ saauared by tlsis Serurity IsLStrunxnt:End(c)�rces�.*.st i,e�e*��any ather 6csrower may agne to extend.modify.forbear os . ,._
<br /> a�ake any xcomnwdations with ngazd to the teratis of this Saa:r.ty Instnima�t or the Note without tf�at Eorrowpr's content.
<br /> 13.l.a�n Charges.If th:loan securad by cnis Sa.^uct}•Ecsa�ument is subjxt to a law which sets ma�cinuun loan chuges. ,
<br /> �nd that law is Pu�ally interpreted so that the interest or other toan ctwrges collected or to be collected in co�usection with the
<br />- loan excad the permitted limits.then: ta)any sucln loan charge shall be reduced by the amount r�eoes.c�y to reduce the charge
<br />- to the pernuuod li}nit:�nd (b)any swns alnady collxted from Bomower which exoeaicrl pemutted limiu will be r�fundod to
<br /> Borrowu. L,erukr roay choose to nar+ke this refund by raIucio,g the principal owod under the Note or by making a direct
<br /> paymrn¢ to Borrowu. If a refuod reduas priacipal. the r�ion will be treated as a partial prepayment without any
<br />' prrpaytaent cf�rge under thc I�Iote.
<br /> 14.Notiees.Any votice to Borrower providad far in this Security Instrw�r�ent shall be given by delivering it or by mailing
<br /> it by first clacs mail c::Sess applicable law requires use of anottxr mettwd. T6e notice sl�ll be direcud to tC�Propetty Address
<br /> or �ny c,�►er acWrcss Borrower cksigt�sttes by notiee to I.endea. Any notia to Lender st�ll be given 6y first class mail w
<br /> Leadtr's�ddress siated herein or any other address Lender desi�aates by notioe to Borrower. Any notice provided fos ia this
<br /> Socuriry Instnunent sisall be dceme�w have baa giv�n to Boir¢v.er or Lendu when given ac provided in this parugraph.
<br /> . 15.Goveruirg �.aw; Seva9bility. This Socurity I�u st�ll De govemed by faieral L•i.�c and the law of the
<br /> � jurisdiction in which the Propaty is located. In t3tic event that any pmvisioo cx clause of this Saa�riry tmstrument or the Note
<br /> conflicu with applicablt law,such conflict shall not affect otl�er ptovisions of t�is Security Itutrument or the Note which can be
<br /> given effxt without the oonflw�ting pcuvision. To this end the pcovisions of this Security tastnuneal aad the Nota pre doelu'ed
<br /> � w be sevenble.
<br /> 16.Borrower's Copy.Borrower shall be gi�en one conformed copy Qf the I�:ote wd of this Sxurity Insuument.
<br /> .w Fam 3028 9/90
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